Topic: Main reason behind crypto currencies red market in 2018 - page 7. (Read 10093 times)

I wouldn't be surprised in 2018 is the year when ICO raised a lot of money. I think there's ICO born every minute so its possible that they attracted more investors. The problem is scammed ICO ares still present and I assume that its one reason why the market is also down, investors doesn't have the full confidence and they are getting intelligent and smarter today as compare to last year.

Is it? I thought 2017 was the highest amount of raised funds through ICOs that may never be repeated again because most ICO developers have already scammed millions of $ from the community. The community is wiser now but also out of BTC and $ to burn lol.

This year isn't the worst for cryptocurrencies, look at the past years there has been bad year for the early lads.

I won't blame the ICOs if the market has been down and the current value of bitcoin has decreased. This normal incident where whales sold most of their bags and the small ones that are just following the trend sold as well and that made the demand lower.

Altcoins fall as well, they are leaning to bitcoin's shoulder so there's a domino effect.

I think its because of so many hackers and scammer so thats why the market fall down and the investors sell their tokens immediately.

I've been hearing a lot about ICOs liquidating and fueling the bear market. A trading analyst I follow on Twitter updated his sampling of ICOs a few weeks ago and said that most are still holding. That was a few days before the market bottomed.

I'd agree that it's not primarily ICOs selling that's been causing the downturn in 2018. I think it's just a natural distribution cycle after all the gains made in 2017. I saw the same stuff play out in 2013 and 2014.

I this agree on a option where OP said. For me I believe that the the market of cryptocurrency is going for the down red it is because....

(PS: I have many reasons.. Also this ideas it not mine this are form the secondary sources that I read because which I want to share)

1. It is the people who buy and sell there investments.
2. This is the people who hold

This 2 options I said is an work where we people do it the same time in seconds.

Plus each altcoin is independent and sometimes as I can see that is not how is it works in each coin. Sometimes it does not depend on the king and queen of cryptocurrency, it is dependent "not all" because each altcoin has different investors.

When you see one altcoin and one is green all are read it means it is independent it dies not depend on the bitcoin.

I don't know why the people like to scam others and make money with it. Those kind of people need to accused and punished. Then I believe hacking issues and regulations over the cryptocurrencies is the reason for the price dump.
If you believe the market worth and it goes to peak value means all the coins have potential but you need to wait for sometime to explode on it.

The too many scam ICOs may be another reason that not more people want to invest on the crypto currencies but what happened is already happened so don't worry about it but for now it looks like there is considerable bump on the bitcoin prices and marching towards $7000 so this maybe the end of the red days.

I have seen a lot of news that has caused the market to fall, but I think the main reason comes from hackers and whales! What do you think?

I couldn't agree more that there were too many ICOs. Remember that a lot of these ICOs, most of them only asked for money in crypto. So in effect, you had people buying up Ether to invest in ICOs, which caused demand and price increase, I believe even Bitcoin benefited from this early in 2017 when ICOs were still mainly asking for BTC. But as most later ICOs were ERC20, they asked for ETH and this drove it up.

Then all those tokens cashed in, they all crashed, and people were having more ETH distributed towards ICO bags.

Bad cycle that needs to end.

There are lot of factors causes the prices to fall this year,first of all the whales caused the prices to fall when they made huge amount of peofits by hyping the prices at the later end of 2017 and the short term investors who just bumping and dumping the coins to maike money in short term and the bad news about the crypto currency on all the media.

This year Bitcoin experienced the lowest decline, lower in February, probably influenced by the rules born for Bitcoin or the crypto hacking bithumb effect last June 2018 and raises concerns for investors, but Bitcoin is currently trying to hold back the decline with many Announcement of new infrastructure, various investment opportunities and trading platforms, new applications and new innovations, because we hope and remain confident that bitcoin will recover, stabilize and experience a rising trend.

Most ICO nowadays are getting worst they are also the cause why all investors of crypto dump their precious coins just to invest with incoming tokens.  However, i can not also say that it is all the cause, maybe this is just a correction of last year unstoppable peaking of price.  Almost 20k and afterwards price decreases.

I'm glad someone else sees this. Honestly, I expect prices to go a bit lower before correcting. This is because the yearly price shifts for tax reasons have not hit yet and things are still unstable in Asia.

I think the Asian influx really is part of what drove the bubble complete with price manipulators and new uneven trade prices coming in. Laws appearing in Asia is what killed it coupled with the fact that right now most cryptocurrency sees zero actual use outside of investing and gambling.

Actual use cases generally improves the crypto market. I think less manipulation from Asia plus ETH and ETH based tokens being used in actual non-gambling games and various non-betting platforms is why things are starting to improve. As BTC is still the de facto buy and trade currency for most coins, as ETH rises so will BTC. If ETH ever gets one really big breakout platform/game using either ETH or an ETH based token, then the price of crypto in general will soar. It may even flip to ETH being the de facto trade currency!

For now, though, I am worried about the number of junk tokens appearing on ETH that don't actually do anything. They aren't part of a game, platform, or service. They aren't used by anyone. This may tank ETH if it keeps up. Those use cases are always, ALWAYS important!

Mate, if you check the growth wise I would agree with you bitcoin and all the cryptocurrencies going to down side in the complete marketplace. So far people are having big panic while they were looking to invest on the cryptocurrencies.

When you want to invest on the cryptocurrencies always pick in the bear market time. As well as you will be keep hodling your fund mate.

2011 was worse than this year.

The rise in bitcoin has led to an increase in altcoins, especially the ETH.
The increase in Ether supported all these ICOs, leading to an excessive increase in its number.

$ 6,000 is a fair price, noting that the rise to $ 19,000 was temporary and unreal due to several factors, the most important
Price manipulation, free coins from BCH, and the massive price difference between trading platforms.

2018 has so far seen the highest funds jointly raised through ICOs.
This has a minimal effect on bitcoins value, a lot of other factors also have effects in the price.
There has been very little real possitive news for the most of 2018.

Although there is no specific reason as to why the price of bitcoin has taken a nose dive in the current year, I believe its the accumulation of several factors that are known to us and even factors that happen behind the scenes that we can only make conjectures about without any supporting evidence for holding such position.

However, attributing the reason exclusively to the ICOs will be rather unfair because if there is any section of the market that takes the most hit in 2018, its the ICOs market where there were bans against raising fund, advertisement platforms basing their reason for suspending crypto related ads for the fraud there such as Facebook, Twitter, Google etc. the rate at which regulations has been coming hard and even the general perception even on the forum that ''most ICOs are fraud'', and I have equally seen several ICOs unable to meet the minimum target set because of all of this.

We can only hope that several happenings would be in the favor of bitcoin or the market just move one from relying on injection of funds that will not come anytime soon or else, 2019, we will still be making excuse for the failure of the market.

Current year has been bit worst for crypto coins. Apart from values, we have ICOs in the market with best projects. So what happened is the investment spill over too many ICOs and thus bitcoin value remained below $6.5K . This is another reason for all altcoins values remain under a threshold. Hope we have more investors pitch in investing into bitcoin.