Is there an only reason for the current market?

gabmen

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Quote from: Bakemat on July 12, 2018, 04:23:49 PM

Quote from: Don Pedro Dinero on June 19, 2018, 01:01:51 AM

I’ve been thinking about it and I don’t find an only reason for what’s happening.

The main reason for the drop in December, 2013, and the following bear market was the Mt. Gox scandal but for the current one there seem to be different reasons.

I’m sure one of them was the too heavy bull market last year. This brought many people to the crypto market, attracted by a get-rich-quick thought, and when the market turned down, they were the first to sell.

What do you think? Is there just one or many? Which ones?

I believe that most of the people today are selling their coins and that is the reason why it was dumping even more but if people will continue to hold or invest even more then the market price will obviously increase even more.

Yeah most of us didn't see an extended bear market looming after that december boom. A correction was expected but i don't think a lot expected it to be this way. But that's not the only exclusive reason though as fud after fud kept coming especially during the first quarter of the year. And as the price drops, more people are seeing first hand how volatile this market can be

Bakemat

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Quote from: Don Pedro Dinero on June 19, 2018, 01:01:51 AM

I’ve been thinking about it and I don’t find an only reason for what’s happening.

The main reason for the drop in December, 2013, and the following bear market was the Mt. Gox scandal but for the current one there seem to be different reasons.

I’m sure one of them was the too heavy bull market last year. This brought many people to the crypto market, attracted by a get-rich-quick thought, and when the market turned down, they were the first to sell.

What do you think? Is there just one or many? Which ones?

I believe that most of the people today are selling their coins and that is the reason why it was dumping even more but if people will continue to hold or invest even more then the market price will obviously increase even more.

noah tall

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Quote from: MinMan on June 22, 2018, 06:50:13 AM

Quote from: creeps on June 19, 2018, 11:34:02 PM

Quote from: laravuemaster on June 19, 2018, 06:27:32 PM

Quote from: vit05 on June 19, 2018, 06:14:36 PM

There is more negative news them positive ones. More regulation, hackers, stupidity decisions, fight, scams, bad companies. We need to start to have more great news. A lot of people are just scared about the market. A lot of newbies have lost a lot of money and people just say they will recover because that has happened in the past. But that is not enough. People need more incentives that make them secure enough to change from fiat to cryptocurrencies.

I believe that negative news or fud is the reason why the prices of cryptocurrency today in the market is decreasing and most of the people today are panicking to sell their coins, in this way they are only making the price to dump even more but those people who are well knowledgeable about the market is just holding their coins because they knew that the price will still go back to normal.

No specific reasong because a lot of scam news happening around cryptomarket and people are panicking but I think its not good decision to sold your holdings just because the market is dumping, trust this market and it will grow again. Though this market is high volatile we can still hope that one day our desired profit will come to us.

Yes, we know that the market gets affected by some major things out of which is the demand factor is the major factor which is responsible for the value of Bitcoin. The more the demand increases the more the price increases and vice versa. Currently the market of Bitcoin is low and a lot of people are taking the ways straight towards this favorable market so this will increase the market value soon.

In my opinion there are many reasons for the current market situation. Two big reasons are the whale’s manipulation and the low demand from the investors. When manipulation is controlled the price will grow again and when new investors put their money in bitcoin the price will grow more and may we see another bug pump in the price in the near future.

fabrizoc

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Quote from: Herbert2020 on June 22, 2018, 12:25:40 AM

Quote from: timerland on June 20, 2018, 02:57:30 PM

Some people say it's because of futures, but to me, a correction was inevitable as soon as bitcoin hit $10k which signified some pretty unsustainable growth. That's just how the markets move, in cycles. And right now, we're just in a bearish phase.

i don't think anybody is denying the fact that $20k was indeed a bubble and we needed a correction from it. i think every single speculator agrees about that. the disagreement is about where should the correction have stopped at.
i'd say dropping down to $10k or even $9k was acceptable correction and it was done. the rest of the drop was not. it was pure manipulation and whales dumping that caused that drop.

Yeah you are right and there is no doubt that we are in a bearish situation but I think that for the current market situation there are many reasons and the low demand is the big reason for fall in the price. When people come back to bitcoin this worst situation will end and the price will be on the way up. But that time we should not be worry about the current position.

Slash61

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Quote from: Lampaster on June 19, 2018, 04:02:51 AM

Quote from: Slow death on June 19, 2018, 03:23:34 AM

Quote from: Don Pedro Dinero on June 19, 2018, 01:01:51 AM

What do you think? Is there just one or many? Which ones?

The regulations that many governments around the world are implementing, the "persecutions" that many banks are doing against bitcoin, The social networks have taken tough stances against bitcoin because according to them they still lack clear regulation, the visa and mastercard are also other companies that have taken a tough stance against bitcoin because according to them still lack clear regulation, See that to countries like Japan and South Korea have adopted tough stances on the exchange. so these factors are reducing the demand for bitcoin and consequently the price is falling every day.

I agree with your every word. I would only add that it is impossible in this situation to blame only the banks and the government. Largely to blame themselves users. I have heard many positive reviews about the legalization of cryptocurrency. Cryptocurrencies attract a lot of random people and speculators. This is the main problem.

Really do not think the government and the bank are the worst cause but anyway a very deep decline will happen, where the soaring price is very risky for the massive sale of each user and may not also buy at a very expensive price, let alone Bitcoin altcoin the price is quite cheap also often experienced the same incident, which only enjoy after the glory and wait back at cheap price, everyone also do not want to take risks.

shone08

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Quote from: bozo333 on June 22, 2018, 08:30:45 AM

Quote from: Ngemmeng on June 22, 2018, 06:55:45 AM

the market is currently in a bad state, bitcoin prices are still not stable to date. there is no reason whatsoever for the current market except wait and keep holding.

I think this week it is stable because it is maintain a same range of growth so crypto market already stay in a normal state. But everyone expectation is as soon as possible bull run start in the market. My suggestion is we should buy more automatically this will raise in the market and we should expect good in future otherwise it is stay in a same place.

But take a look on bitcoin price right now it starting to falling down again the next target in my technical analysis is $5800 before a big pump up happen so the price are not yet stable this is a pump and dump situation again, I have a high believe in the next quarter of this year the price will explode more market volume,more demand = pump.

miyaka26

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Quote from: GoldenLad on June 20, 2018, 05:50:22 PM

I personally don't think the current market price is linked with any reason.

There is, in fact, the effect was done by the past happenings the manifestation of the bad news and the market correction was affecting the current price of bitcoin and most of the altcoins you can add those FUD's to bring the price down, you can add the hacking incidents lately, of course people can create out of that news to twist it into FUD and misleading contents.

bozo333

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Quote from: Ngemmeng on June 22, 2018, 06:55:45 AM

the market is currently in a bad state, bitcoin prices are still not stable to date. there is no reason whatsoever for the current market except wait and keep holding.

I think this week it is stable because it is maintain a same range of growth so crypto market already stay in a normal state. But everyone expectation is as soon as possible bull run start in the market. My suggestion is we should buy more automatically this will raise in the market and we should expect good in future otherwise it is stay in a same place.

Ngemmeng

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the market is currently in a bad state, bitcoin prices are still not stable to date. there is no reason whatsoever for the current market except wait and keep holding.

MinMan

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Quote from: creeps on June 19, 2018, 11:34:02 PM

Quote from: laravuemaster on June 19, 2018, 06:27:32 PM

Quote from: vit05 on June 19, 2018, 06:14:36 PM

There is more negative news them positive ones. More regulation, hackers, stupidity decisions, fight, scams, bad companies. We need to start to have more great news. A lot of people are just scared about the market. A lot of newbies have lost a lot of money and people just say they will recover because that has happened in the past. But that is not enough. People need more incentives that make them secure enough to change from fiat to cryptocurrencies.

I believe that negative news or fud is the reason why the prices of cryptocurrency today in the market is decreasing and most of the people today are panicking to sell their coins, in this way they are only making the price to dump even more but those people who are well knowledgeable about the market is just holding their coins because they knew that the price will still go back to normal.

No specific reasong because a lot of scam news happening around cryptomarket and people are panicking but I think its not good decision to sold your holdings just because the market is dumping, trust this market and it will grow again. Though this market is high volatile we can still hope that one day our desired profit will come to us.

Yes, we know that the market gets affected by some major things out of which is the demand factor is the major factor which is responsible for the value of Bitcoin. The more the demand increases the more the price increases and vice versa. Currently the market of Bitcoin is low and a lot of people are taking the ways straight towards this favorable market so this will increase the market value soon.

Herbert2020

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Quote from: timerland on June 20, 2018, 02:57:30 PM

Some people say it's because of futures, but to me, a correction was inevitable as soon as bitcoin hit $10k which signified some pretty unsustainable growth. That's just how the markets move, in cycles. And right now, we're just in a bearish phase.

i don't think anybody is denying the fact that $20k was indeed a bubble and we needed a correction from it. i think every single speculator agrees about that. the disagreement is about where should the correction have stopped at.
i'd say dropping down to $10k or even $9k was acceptable correction and it was done. the rest of the drop was not. it was pure manipulation and whales dumping that caused that drop.

GoldenLad

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I personally don't think the current market price is linked with any reason. Sometimes, these dumps do happen out of no reasons. Though, the price may dip a little as a result the constant buying and selling in the market then all of a sudden some people started spreading FUDs. Which will make some investors who listened to it to start selling off.

Superways

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Quote from: cryptokwuk on June 20, 2018, 11:32:15 AM

The reason is, the system doesn't work in the real world.
Nobody in a real economy wants an inefficient public ledger that can't even scale, loses or gains value like a roller coaster, uses insecure technology that is a decade old.

This is the system of future and advanced people. The older people do not understand it and they will not survive if they will not accept it and adopt it. The market was down because of the older/classical people who not want to involve in this technology but sooner they will realize that they were on mistake and they will either adopt it or they will die up with their older system.

timerland

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To me, the biggest reason is still probably the fact that the growth that was seen through the bull market was just unsustainable for the long run, and it had to end sooner or later. And when it did end, the amount of weak hands in the market meant that a panic dump was inevitable as the market sentiment shifted to the pessimistic end.

I don't think that exchange hacks have played much of a role in this year's crash, actually.

Some people say it's because of futures, but to me, a correction was inevitable as soon as bitcoin hit $10k which signified some pretty unsustainable growth. That's just how the markets move, in cycles. And right now, we're just in a bearish phase.

fabiorem

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Quote from: cryptokwuk on June 20, 2018, 11:32:15 AM

The reason is, the system doesn't work in the real world.
Nobody in a real economy wants an inefficient public ledger that can't even scale, loses or gains value like a roller coaster, uses insecure technology that is a decade old.

Finally the prodigious son to home returns.

cryptokwuk

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The reason is, the system doesn't work in the real world.
Nobody in a real economy wants an inefficient public ledger that can't even scale, loses or gains value like a roller coaster, uses insecure technology that is a decade old.

whirlcoin

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Quote from: Don Pedro Dinero on June 19, 2018, 01:01:51 AM

I’ve been thinking about it and I don’t find an only reason for what’s happening.

The main reason for the drop in December, 2013, and the following bear market was the Mt. Gox scandal but for the current one there seem to be different reasons.

I’m sure one of them was the too heavy bull market last year. This brought many people to the crypto market, attracted by a get-rich-quick thought, and when the market turned down, they were the first to sell.

What do you think? Is there just one or many? Which ones?

The only reason for the price fall is fall in demand,but the factors regarding this many as you said it may follow the trend like what happened in 2013 but no one exactly knows the reason behind it.Whatever comes I still holding the coins and the if.you think that this follow the past trend then this is a great chamce to invest.

Whosdaddy

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Quote from: Don Pedro Dinero on June 19, 2018, 01:01:51 AM

I’ve been thinking about it and I don’t find an only reason for what’s happening.

The main reason for the drop in December, 2013, and the following bear market was the Mt. Gox scandal but for the current one there seem to be different reasons.

I’m sure one of them was the too heavy bull market last year. This brought many people to the crypto market, attracted by a get-rich-quick thought, and when the market turned down, they were the first to sell.

What do you think? Is there just one or many? Which ones?

Well, the MtGox in a way still had a part to play in this one so it seems like the ghost of MtGox is simply still haunting us. There is no doubt this was not warranted. The market was manipulated to the upper side last year ending, and it is obvious we had a huge FOMO and a market that just kept rushing upward nonstop without anything driving it but speculation, so this is more like a ripple effect in that case and it was expected all along.

fabiorem

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Actually, there's no reason, because every stock market is irrational, and that is what bitcoin is right now: a stock market.

We just speculate about reasons, trying to point to conspiracies and specific FUDs, to feel more comfortable about the dire situation we find ourselves in. Its just standard human behaviour.

Hirameki

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The crypto market is not just influenced by one happening. When you look at it, you've got to look at different sides because there are several things happening at the same time and you might not notice it but these affect the market, if not big, little by little. There goes FUDs, the correction period, the manipulators or the so-called whales, etc.

Remember that the market is volatile and is affected not just by one, but of many reasons.

jseverson

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If there was just one reason I could attribute this market to, it's probably the furious rally last December. Bitcoin went full mainstream as a speculative asset, and those new to the market either made money off it or got burned by it. At this point, a lot of people are able to say that they've tried it and have moved on from it, ignoring its technological potential. The general public's interest seems to have hit a roadblock, with nothing to keep them engaged.

But yeah, it's probably a lot complicated than that in reality. Crypto has grown a lot bigger since the Mt. Gox collapse, so it should be quite safe to assume that there are a lot more moving parts now.

Lucius

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Quote from: Ceballos on June 20, 2018, 02:31:17 AM

Whales are speculating. All news are positive for now they are swing trading and making profit.
I am also trying swing trade and i already made nice profit from it.

I also think they make nice profits these days, even for ordinary little trader with not too much money/BTC such low price movement does not make any sense, but for big players the situation is a bit different. Just take a example of trader that have 100 BTC, he can sell it yesterday for 670 000 $, and bay back today for 660 000$, it is 10 000 $ of profit. There is always some risk in that, but these days this risk is minimal - daily price is changed 50-100$ up&down almost every day.

Ceballos

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Whales are speculating. All news are positive for now they are swing trading and making profit.
I am also trying swing trade and i already made nice profit from it.

Ararbermas

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Most holders nowadays gaining quick profits as well like big players or whales, which is after the price climb they will dump early while big players is waiting for the right time to sell off , ( to obtain profits instead of losing money) and probably that is the main reason also why there's sudden drop during the fluctuation. which is because of panic selling from weak hands to avoid further loss , until the price collapse back to the bottom ,

Herbert2020

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Quote from: creeps on June 19, 2018, 11:34:02 PM

Quote from: laravuemaster on June 19, 2018, 06:27:32 PM

Quote from: vit05 on June 19, 2018, 06:14:36 PM

There is more negative news them positive ones. More regulation, hackers, stupidity decisions, fight, scams, bad companies. We need to start to have more great news. A lot of people are just scared about the market. A lot of newbies have lost a lot of money and people just say they will recover because that has happened in the past. But that is not enough. People need more incentives that make them secure enough to change from fiat to cryptocurrencies.

I believe that negative news or fud is the reason why the prices of cryptocurrency today in the market is decreasing and most of the people today are panicking to sell their coins, in this way they are only making the price to dump even more but those people who are well knowledgeable about the market is just holding their coins because they knew that the price will still go back to normal.

No specific reasong because a lot of scam news happening around cryptomarket and people are panicking but I think its not good decision to sold your holdings just because the market is dumping, trust this market and it will grow again. Though this market is high volatile we can still hope that one day our desired profit will come to us.

FUD and bad news are never the main reason for the drops, they can only intensify a drop. the reason for any drop is either normal correction (like the drop from $20k) or whale manipulation (like the drop from $10k till now). then the FUD is like the icing on the cake for that.

if you look at the news during rises you can see that the FUD still exists during the rises too. even when price was shooting up towards $20k without slowing down we had a shitload of FUD (like the Tether FUD) and lots of negative news (like Mt Gox selling their coins during that rise) but none of them could cause the drop because they are not the cause.

creeps

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Quote from: laravuemaster on June 19, 2018, 06:27:32 PM

Quote from: vit05 on June 19, 2018, 06:14:36 PM

There is more negative news them positive ones. More regulation, hackers, stupidity decisions, fight, scams, bad companies. We need to start to have more great news. A lot of people are just scared about the market. A lot of newbies have lost a lot of money and people just say they will recover because that has happened in the past. But that is not enough. People need more incentives that make them secure enough to change from fiat to cryptocurrencies.

I believe that negative news or fud is the reason why the prices of cryptocurrency today in the market is decreasing and most of the people today are panicking to sell their coins, in this way they are only making the price to dump even more but those people who are well knowledgeable about the market is just holding their coins because they knew that the price will still go back to normal.

No specific reasong because a lot of scam news happening around cryptomarket and people are panicking but I think its not good decision to sold your holdings just because the market is dumping, trust this market and it will grow again. Though this market is high volatile we can still hope that one day our desired profit will come to us.

randythered

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There's no one individual reason for any market movement. Even the 2013/14 one. That one was mostly down to one thing but there were still other factors at play. With this market there are countless things to consider. Mostly I think it's a large amount of normal market movement. The price shot up too quick last year and this period is needed to restore normality and control expectation.

laravuemaster

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Quote from: vit05 on June 19, 2018, 06:14:36 PM

There is more negative news them positive ones. More regulation, hackers, stupidity decisions, fight, scams, bad companies. We need to start to have more great news. A lot of people are just scared about the market. A lot of newbies have lost a lot of money and people just say they will recover because that has happened in the past. But that is not enough. People need more incentives that make them secure enough to change from fiat to cryptocurrencies.

I believe that negative news or fud is the reason why the prices of cryptocurrency today in the market is decreasing and most of the people today are panicking to sell their coins, in this way they are only making the price to dump even more but those people who are well knowledgeable about the market is just holding their coins because they knew that the price will still go back to normal.

vit05

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There is more negative news them positive ones. More regulation, hackers, stupidity decisions, fight, scams, bad companies. We need to start to have more great news. A lot of people are just scared about the market. A lot of newbies have lost a lot of money and people just say they will recover because that has happened in the past. But that is not enough. People need more incentives that make them secure enough to change from fiat to cryptocurrencies.

adzino

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Quote from: Don Pedro Dinero on June 19, 2018, 01:01:51 AM

I’ve been thinking about it and I don’t find an only reason for what’s happening.

The main reason for the drop in December, 2013, and the following bear market was the Mt. Gox scandal but for the current one there seem to be different reasons.

I’m sure one of them was the too heavy bull market last year. This brought many people to the crypto market, attracted by a get-rich-quick thought, and when the market turned down, they were the first to sell.

What do you think? Is there just one or many? Which ones?

Its only when the market is red people starts asking "why all of a sudden this is happening", but not when the market is going green abnormally. I wonder why Roll Eyes

Anyways, last year the price started to skyrocket without any reason. This needed a correction and we went through the correction phase resulting in current price. If you compare the price with last year (quarter 1), you will see that we are still on the green side. The price went up and people had to cash out their profit resulting in further more price dropping. This is temporary and we will soon be seeing the price go back up again once a balance is reached.

Kingofbitcoin12345

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Time and time again every bitcoin users look for a reason to justify if ever they are on panic mode and will blame to it when they can’t handle the pressure then sold at low price.. That’s why I don’t ask for reasons it can only make myself vulnerable by emotional conflict within my system..

We can come up for any reason either government regulation or bad propaganda by our financial institutions,, but it doesn’t make as a better trader knowing this or talking about it every time.. Cryptocurrency is a demand and supply market, so increases and decreases at anytime is normal..

rickadone

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Quote from: Slow death on June 19, 2018, 03:23:34 AM

Quote from: Don Pedro Dinero on June 19, 2018, 01:01:51 AM

What do you think? Is there just one or many? Which ones?

The regulations that many governments around the world are implementing, the "persecutions" that many banks are doing against bitcoin, The social networks have taken tough stances against bitcoin because according to them they still lack clear regulation, the visa and mastercard are also other companies that have taken a tough stance against bitcoin because according to them still lack clear regulation, See that to countries like Japan and South Korea have adopted tough stances on the exchange. so these factors are reducing the demand for bitcoin and consequently the price is falling every day.

I really want to believe that the regulation is really not helping and until we started seeing some lenient regulations in most of the place before we may start seeing some possibilities of FUD being reduced in a way. Apart from that, we had a huge rally last year and we all knew that was just a FOMO rise and not some pretty real demand. To me, this is the aftermath of it which is something to expect anyway in cases like this. The value I believe may still even fall more than this but the long term anyway is still great.

tomahawk9

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IMO there isn't a specific reason but rather a combination of several factors. For instance, the massive dumps (which seem to happen at random) that we've seen over the past few weeks + the overall bearish sentiment which keeps growing every day are two key factors that are definitely behind current state of the market.

There's also the lack of buying pressure, lack of fresh capital in the cryptosphere from investors, slow movements in the market after the correction from the last ATH, low volume, etc...Overall, I'm 100% there isn't just one reason that can explain what's going on in the cryptocurrency market right now.

Dreamchaser21

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Quote from: 1Referee on June 19, 2018, 07:03:59 AM

It doesn't even matter anymore why the price has gone down. The only thing that matters is what you are doing to improve your position in this market.

Ok, the price went down after your purchase at way higher levels...... Buy at current levels to get that price to come down. Do something to improve, be productive. As soon as the price starts going up again, you'll realize that the coins you bought at current levels will help you to virtually break-even faster.

Waiting for the price to go back up to the levels you bought at is pointless and a waste of time.

Our decision is very important, a lot of speculation and throwback is happening during the dump market and I agree that we must do something good about our portfolios for our own sake. Expect this market to stand up high again, so take this chance now instead of waiting for another dump.

BitHodler

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Supply and demand resetting itself back to normal market circumstances. We still have managed to secure a great deal of adoption in 2017 to where we are right now. The price might have gone down, but more adoption is still here.

I don't see anything unfair about current market. I would even say that higher levels are not justified and don't mirror what we have gone through. Maybe in 2019 we will get back to these levels, but definitely not now.

I find it somewhat amusing how the mainstream media constantly tries to link increases and decreases with certain events, while we don't need anything to increase or decrease. It's an open market not depending on reports.

airdagon

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no reason whatsoever. the current down market is already like an annual tradition. but, I think in August, the price will rise again to the next level. as far as i know, its falling current market due to whales.

Denker

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Quote from: Don Pedro Dinero on June 19, 2018, 01:01:51 AM

I’ve been thinking about it and I don’t find an only reason for what’s happening.

The main reason for the drop in December, 2013, and the following bear market was the Mt. Gox scandal but for the current one there seem to be different reasons.

I’m sure one of them was the too heavy bull market last year. This brought many people to the crypto market, attracted by a get-rich-quick thought, and when the market turned down, they were the first to sell.

What do you think? Is there just one or many? Which ones?

In 2013, 2014 I would agree with you. Mt. Gox as the main exchange, where more than 70% of the trading volume took place was the main reason, probably the only reason for what has happened. Several hacks, pushing price artificially up via Willy Bot and so on.
But now things are much more complex and different imo as the space is way bigger and much more diversed.
However there are still lots shady persons around who try to manipulate and fool as people as possible. But also in december it was definitely the parabolic price rise what was causing the crash afterwards. We saw a more than 230% price increase in ~30 days!!!
That was just way too much.

1Referee

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It doesn't even matter anymore why the price has gone down. The only thing that matters is what you are doing to improve your position in this market.

Ok, the price went down after your purchase at way higher levels...... Buy at current levels to get that price to come down. Do something to improve, be productive. As soon as the price starts going up again, you'll realize that the coins you bought at current levels will help you to virtually break-even faster.

Waiting for the price to go back up to the levels you bought at is pointless and a waste of time.

Fuhre

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I think the reason is still the same as whatever happened. the reason for this decline is due to an announcement made by the securities and exchange commission, in which all initial coin offers (ICOs) on their respective platforms must register with the agency, or simply cancel the list. This is in line with the harsh attitude of the commission that was adopted against ICO, because of the large number of fraud cases, due to the lack of regulation on this issue. I think that movement has triggered a sharp decline in the value of bitcoin and altcoin followed by almost all of the top 100 crypto in coinmarketcap.

alyssa85

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Part of the reason for the surge last year was all the hard-forks. People were buying bitcoin to get their "free money". And once they got their coins, they started selling in December/January and cashed out for a nice profit.

Also -the ICO crazy last year propped up bitcioin, because in order to buy into an ICO you needed to buy either bitcoin or ether first with fiat. The drop in ICOs means a drop in buying pressure for bitcoin and ether.

Palmerson

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Cryptocurrencies are a very complex mathematical system in order to have one reason that can affect the entire system. This is a much more complex mechanism. All causes are interrelated and therefore the network is not affected by each factor individually but by a chain of different factors and their sequence.

nc50lc

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Let's say, the 4th Quarter of 2017 bear market didn't take place, the reason would be the Regulations that the governments established to control exchanges and ICOs.
But the Governments established the regulation because of the "insane" response from the masses to the "new investment" which was the current hype at that time.
Manipulation? That thing happens all the time and like the others, it's just a small portion of the whole history.

So the most accurate answer to the OP is:
There is no definite reason to the current market, all things that happened had its own share to the current market.

TL;DR: No single (only) reason, same history guys.

Lucius

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The biggest reason for the current situation is in correction which is followed after big pump to 20k $. It is just few months past after that and crypto market will need some time to recover and to people start think in positive way again. I think big players who dump at the top buying again, but very carefully to not increase price too much, this is certainly not in their interest right now. For now they are succeed in control of price, but I do not doubt that at one point BTC may explode again.

I do not want to compare Mt.Gox and last ATH, hack was something that was out of control and happened suddenly, and events that couse today's market were completely different, some may say planned in advance for one reason and that is profit.

sindikat

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Capitalization of the cryptocurrency market is largely composed of speculative capital. Such capital is never stable. It seems to me that some of the speculators took their profits and left the market. For this reason, the price has decreased. But I think that in the future we will see many more such UPS and downs. A very attractive cryptocurrency market for speculation.

Lampaster

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Quote from: Slow death on June 19, 2018, 03:23:34 AM

Quote from: Don Pedro Dinero on June 19, 2018, 01:01:51 AM

What do you think? Is there just one or many? Which ones?

The regulations that many governments around the world are implementing, the "persecutions" that many banks are doing against bitcoin, The social networks have taken tough stances against bitcoin because according to them they still lack clear regulation, the visa and mastercard are also other companies that have taken a tough stance against bitcoin because according to them still lack clear regulation, See that to countries like Japan and South Korea have adopted tough stances on the exchange. so these factors are reducing the demand for bitcoin and consequently the price is falling every day.

I agree with your every word. I would only add that it is impossible in this situation to blame only the banks and the government. Largely to blame themselves users. I have heard many positive reviews about the legalization of cryptocurrency. Cryptocurrencies attract a lot of random people and speculators. This is the main problem.

Slow death

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Quote from: Don Pedro Dinero on June 19, 2018, 01:01:51 AM

What do you think? Is there just one or many? Which ones?

The regulations that many governments around the world are implementing, the "persecutions" that many banks are doing against bitcoin, The social networks have taken tough stances against bitcoin because according to them they still lack clear regulation, the visa and mastercard are also other companies that have taken a tough stance against bitcoin because according to them still lack clear regulation, See that to countries like Japan and South Korea have adopted tough stances on the exchange. so these factors are reducing the demand for bitcoin and consequently the price is falling every day.

Pursuer

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there are two parts to this drop. the first part is obviously the correction of the bubble ($20k) and the bear market that followed but the next part of it is purely manipulation that caused the drop to become a lot bigger than it should have become and it has been strong until today even though the drop slowed down to a halt. in other words in my opinion manipulation is the main reason for the current price.

but also I think many of the investors these days think 2013-2014 was the only time bitcoin had a bubble and a bear market so they are speculating about current market purely based on that one time. the reality is that there has been a couple of other times before that which they are missing and the similarity between today and those times are a lot more than the similarity with 2013-2014.

Don Pedro Dinero

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I’ve been thinking about it and I don’t find an only reason for what’s happening.

The main reason for the drop in December, 2013, and the following bear market was the Mt. Gox scandal but for the current one there seem to be different reasons.

I’m sure one of them was the too heavy bull market last year. This brought many people to the crypto market, attracted by a get-rich-quick thought, and when the market turned down, they were the first to sell.

What do you think? Is there just one or many? Which ones?

Topic: Is there an only reason for the current market? (Read 453 times)