Is this why Bitcoin is crashing? | Bitcointalksearch.org

Aying

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Quote from: ?? on ??

I think the one reason why bitcoin crash is because the release of new super computer from google that i think it will danger in bitcoin wallet and any other crypro currency wallet because they can easily brute force to open your wallet. And that way some people afraid of this to be happen so they paniclt sell there bitcoins but thats my assumption only 😂😂

Yes, that quantum computer was built by google is something unique. but it threaten bitcoin? I am not sure about that. maybe your assumption was right but blockchain developers for sure already aware about that, hope they have something to prepare for this new system. I still admire the blockchain system, surely they have idea how to improve their system more than google's new system.

Fredomago

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Quote from: Darooghe on October 25, 2019, 04:49:08 AM

Basically the same thing that cause the Wall Street crash. Bitcoins value isn't really tied to anything. You can't buy anything with it. The only reason it has worth is because people want it. If everyone sells at once the price goes down. This panics everyone else who also sell all their bitcoins. Value goes down

Thereby the real answer is anything that would tempt or cause people to sell it at once. economy tanks and people need money? They'll sell their bitcoins. Bitcoin spends a little too long going steadily down? people will sell. And once people start selling the price will drop, meaning even more people sell. But the horrific part is people are buying bitcoin as an investment rather than an alternative form of payment.

What this means is that people will only keep buying bitcoin as long as its value keeps rising and they think they can sell for higher. But once the increasing valuation will slow, there will be a massive sale of bitcoin because people will try to move their money. The price will drop drastically and the people who haven't moved their money will lose basically their investment.

Still the reason since it's been treated as investment form of assets and not being used to serve it's purpose. Better not to be affected of any cause
of the this market crashed if you do invest to gain profits then wait till you achieved such goals. Forget being negative as you will keep losing your money while you are inside this investment venue.
Bitcoin still on a speculative time, there's still few who adopts the system but who knows what will happen after another 5-10 years. Those collapse
on it's value cause by compound selling pressures both from whales and weak holders.

Darooghe

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Basically the same thing that cause the Wall Street crash. Bitcoins value isn't really tied to anything. You can't buy anything with it. The only reason it has worth is because people want it. If everyone sells at once the price goes down. This panics everyone else who also sell all their bitcoins. Value goes down

Thereby the real answer is anything that would tempt or cause people to sell it at once. economy tanks and people need money? They'll sell their bitcoins. Bitcoin spends a little too long going steadily down? people will sell. And once people start selling the price will drop, meaning even more people sell. But the horrific part is people are buying bitcoin as an investment rather than an alternative form of payment.

What this means is that people will only keep buying bitcoin as long as its value keeps rising and they think they can sell for higher. But once the increasing valuation will slow, there will be a massive sale of bitcoin because people will try to move their money. The price will drop drastically and the people who haven't moved their money will lose basically their investment.

gandame

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Quote from: funchiestz on September 27, 2019, 12:48:38 PM

Quote from: cryptomarketyourself on September 27, 2019, 12:43:46 PM

Well, maybe crashing isn't the right word - but it's definitely dropping in price. Here's a cool overview of what's happening:

https://cryptotradernews.com/crypto-trader-pro/what-triggered-the-mighty-bitcoin-fall/

My key takeaways:

September is typically a bad month

[/b]

Baakkt is not doing very well
It’s worth noting the cryptocurrency is still up about 127% on a year-to-date basis

Thoughts?

I don't think it is about September. In September, 2017 Bitcoin was rising speedly.
It may related with BAKKT. But I am not sure BAKKT can affect BTC's price this much.

True its not about September as we search 2017 sept bitcoin price are so bubble.
They think that BAKKT affected bitcoin price but as of i am not sure also because we don't know about what happen next.[/list]

millennium00

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The price of Bitcoin has fallen considerably and it seems somewhat difficult that it returns to recover its best values for the range of $ 13,0000, although that possibility exists, somehow the market has panicked and the support points have been lost, we'll see what happens in the coming weeks.

The3max

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Bitcoin price is still stable at 7-8k, which is a good thing for investors in 2019 with many fuds, legal and government barriers. Be optimistic and wait, BTC will soon reach unprecedented high value!

kawetsriyanto

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Quote from: cryptomarketyourself on September 27, 2019, 12:43:46 PM

September is typically a bad month

Yes. And October also seems to end with the same result. No significant change and Bitcoin is in bearish.

Quote from: cryptomarketyourself on September 27, 2019, 12:43:46 PM

Baakkt is not doing very well

Indeed. I assume it is still no positive impact of Baakkt so far. It absolutely brings nothing for the improvement of Bitcoin price. Moreover, Libra contributes to making a bad trend on crypto market. I guess many investors feel doubt and disappointed with the progress of the Libra project.

carriebee

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As we can see right now in bitcoin price it's not really easy to think that it's crashing but still many is hoping that bitcoin price will survive this situation of downtrend. It's hard to see the price like this especially to the people who buy in a higher price but we know that the always volatile sotge best way is observe the price in the market and don't to emotional at this moment.

Google+

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I think there is still bad news circulating so that it can make traders really panic, I also feel surprised why it can fall so deep that at the beginning of the year there was a very good event from bitcoin, bitcoin prices should slowly move up.

Devawnm367

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Yeah back when bitcoin pumped to $20,000 September was a great month it rised $7,000 I do not think bakkt has anything to do with it. There is always a decrease before the prices rises alot. I think we are soon going to have a repeat of 2017! We shall see!

ene1980

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Quote from: cryptomarketyourself on September 27, 2019, 12:43:46 PM

Well, maybe crashing isn't the right word - but it's definitely dropping in price. Here's a cool overview of what's happening:
My key takeaways:

September is typically a bad month

I was waiting for your response after the flash crash today, the same happened in October and the market is struggling to move forward, is it because of the past historical data that the price is going on or is it the natural trend at this time Wink

. Now we do not have any negative news other than the quantum supremacy news and the Libra (Mark Zuckerberg) being scrutinized by the congress Grin

.

vintages

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Quote from: GreenStox on October 23, 2019, 09:45:27 PM

I think there is a lot of bad news that makes investors disappointed with bitcoin and finally they prefer investors to secure their assets because they no longer trust bitcoin, so that the current conditions at the exchange place are falling very badly.

They first disappoint most Bitcoin investors had came with Bakkt.
Most people held on to their Bitcoin as they expected it to increase in price because of the launch of Bakkt.
However, price went down, a lot where confused. Presently, I think people are selling are panic selling. They lack patience to see what the ending of the year brings.

xvids

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Quote from: teosanru on October 23, 2019, 01:32:29 PM

Quote from: Ayiranorea on October 23, 2019, 01:17:48 PM

Today the price has crashed low to $7500, this is something unexpected as the market have gained good momentum at $8000. There is no perfect reason behind the price crash. Whenever there is price crash, it gets attributed with something happening parallel to the same. This time some controversy is happening with Facebook and its libra.

It's normal price crashes and pump I think we must have gotten used to such things because these have become too usual in cryptocurrencies. I think just like there are no major reasons of pump same is the case with dumps. The charts look hilarious as we have just experienced a death crossover which means 50 day moving average has intersected 200 day Moving Average from above this is a pretty bearish sign and I think this is just beginning of a huge downfall which could follow.

Let's just hope that you're wrong people are now scared of the price ,
But I still believe that it would go back up before this year ends and I think that it would continue to rise because of the 2020 halving.
But who know's maybe it would continue to fall then it would soar high to the moon again.

Shasha80

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The reason why bitcoin is crashing, there are several factors causing it. Right now bitcoin is priced at $ 7400 and hopefully we
hope not to go down again. I also hope this support point is able to survive and not collapse down again. One of the reasons is
because many bitcoin holders who are frustrated and stressed about this bearish market and then decide cutloss so as not to
lose money, but instead causes other bitcoin holders to panic sell and this makes the domino effect.

shark1006

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Quote from: cryptomarketyourself on September 27, 2019, 12:43:46 PM

Well, maybe crashing isn't the right word - but it's definitely dropping in price. Here's a cool overview of what's happening:

https://cryptotradernews.com/crypto-trader-pro/what-triggered-the-mighty-bitcoin-fall/

My key takeaways:

September is typically a bad month
Baakkt is not doing very well
It’s worth noting the cryptocurrency is still up about 127% on a year-to-date basis

Thoughts?

It seems to me that growth stimulants just ended this year for Bitcoin. Everyone hoped for Bakkt, but it was not a panacea. Now we need to wait out the bear market and I think everything will be restored around spring, so dont worry and HODL

hypersonic1

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Endless Horizons!

There are many reasons we haven;t maintained the summer highs.

The #1 reason would be the non physically delivered futures. They can bet on a low price while not dealing in BTC at all. In essence they are betting the price will go lower while not buying in...which afects our market negatively as we continue to wait for the larger investors to pour money in.

#2 We are cooling off until we ramp up to the halving. The year cycle mayu just be cooling.

#3 random bits of negative news overshadowing the wider adoption. Combine this with bot trading and you get massive sales.

#4 The libra project is an immediate stain on BTC and as long as government officials, regulators and media can they will smear both Libra and Bitcoin.

#5 whales are using every tool in the book to drive the price lower and buy more while also trying to shake of normal people like you and I.

That's all I could think of for now.

Murat

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Yor have recognized one of the reasons that are the month of September, I think you don't any idea what happened in 2017, that was the time also September so it must be the invalid reason, So other two mentioned reasons are also looking silly because you don't expect too much from Bakkt, that platform has launched in recent time I think it's too early to expect from this project, I don't think that Bakkt is responsible for this price falls, I believe that Bitcoin is almost in the track, 8k is not very much a low price if you compare to the current global economic situation. so it doesn't matter at all, Over time, everything will be okay.

Zeke_23

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Quote from: GreenStox on October 23, 2019, 09:45:27 PM

I think there is a lot of bad news that makes investors disappointed with bitcoin and finally they prefer investors to secure their assets because they no longer trust bitcoin, so that the current conditions at the exchange place are falling very badly.

I don't think that investors no longer trust bitcoin, they just secure their assets and I think it is not the main reason.
There's a lot of bad news is coming after another regarding bitcoin and it highly affects the whole market. Investors are still waiting for the right time before they invest or some of them are still not making a move since its price is still very low.

GreenStox

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I think there is a lot of bad news that makes investors disappointed with bitcoin and finally they prefer investors to secure their assets because they no longer trust bitcoin, so that the current conditions at the exchange place are falling very badly.

Flor1982

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Quote from: bobsav2121 on September 27, 2019, 01:01:14 PM

If you're not okay with market volatility get out of crypto. It's down because it's part of its natural cycle.

If they do that then they will be added to the numbers of Bitcoin supporter who decide to quit Crypto for good making the people who supported Bitcoin keeps on diminishing therefore instead of pushing them away out of crypto then why not just encourage them to keep on holding as Bitcoin is has been in this situation so many times before but still the market survived.

Topic: Is this why Bitcoin is crashing? (Read 792 times)