Main reason for the price drop - page 5.

Diced90

hero member

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Get'em boys

Quote from: usmanov123 on July 14, 2018, 10:30:04 AM

I think that all market manipulations are normal in crypto and happen all the time. We should learn how to spot an upcoming pump and get in early

This is a market correction which is normal. An equally, probable reason for the drop would be whales and of course a handful of traders who take advantage of this correction

GangNamSK

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Merit: 10

Quote from: monster2 on July 14, 2018, 10:40:05 AM

I think just buying investors bitcoin so many people dump their bitcoin because they fear being able to buy a bitcoin today because it may have fallen down
until they lose their bitcoin funds.

I believe that the market will likely increase, if Bull Run is not higher than last year, it is likely to reach $ 1000 billion before the winter, just when the market focused more on becoming a basic market legitimacy.

mekie

member

Activity: 308

Merit: 11

A lot of people bought Bitcoin etc at a point that it was rising fast hoping to make a quick buck, then when it fell slightly they all panicked driving the price down further. Those who take a longer term view and hodle now or even buy now will make a good return over the medium to long term.

spadormie

sr. member

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This is not the market I've saw since I've joined. The first thing I joined crypto, I saw the market were all green and I think that this thing clearly has a future on it. Probably it's just an eye hooker for you to join here. Or I'm just overreacting because of the money I've lost?

farosa

full member

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1 & 0 😏

I think there is not huge problem. The biggest reason is panic selling. Even the ridiculous news can affect people's psychology. Only the traders who have been in trade for a long time can reduce their own emotions, and they always knows how to look positive to red market.

Bakemat

sr. member

Activity: 779

Merit: 250

Quote from: brawdias on May 27, 2018, 10:34:46 PM

I read some news this last week, and there is some indication of wash trading and spoofing going on, so the prices are dropping.

Do you think this is the reason, or the movements of the market are normal ?

The market price is based on supply and demand so obviously there are more people who wants to sell their coins more than investing and that is the reason for the price to drop.

ChannaJay

newbie

Activity: 69

Merit: 0

Hello ,

Prices for the cryptocurrency ether continued to climb on Monday after going on a tear for the better part of a year. As of 4:40 p.m., the Ethereum-traded coin was trading at more than $370 per unit, a gain of roughly 6.6% over the last 24 hours, according to CoinMarketCap. Meanwhile bitcoin has dropped nearly 11% to about $2645 per coin.

Ether has been one of the best-performing assets of the year, with prices climbing more than 5,000%, according to CNBC. Noting similarly outsize gains on Twitter, the economist Steve Hanke wrote that "this is what a bubble looks like," referring to the phenomenon where investor enthusiasm causes an unsustainable rise in prices.

Indeed, concern over high prices has prompted some cryptocurrency enthusiasts to muse that a crash in prices might not be such a bad thing. On one hand, a dip in prices could help draw in more investors who were enticed by a potential "buying opportunity." More customers would also force the platforms to upgrade their capabilities, the thinking goes, which would help digital currencies gain legitimacy.

Hope this comment will help to you people.

Thanks.

Joyawan13

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elysian.finance

Quote from: brawdias on May 27, 2018, 10:34:46 PM

I read some news this last week, and there is some indication of wash trading and spoofing going on, so the prices are dropping.

Do you think this is the reason, or the movements of the market are normal ?

for the reason why the bitcoin and altcoin that exist in the market have lowered the price that I do not know for sure, because nowadays a lot of negative news is circulating about crypto and it is believed that is not necessarily true, as most people have believed negative news that is not necessarily true about the crypto , so many people panicked and made the mistake of selling the coins they held that I thought made the price of crypto down.

monster2

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Merit: 5

I think just buying investors bitcoin so many people dump their bitcoin because they fear being able to buy a bitcoin today because it may have fallen down
until they lose their bitcoin funds.

usmanov123

full member

Activity: 434

Merit: 102

Chikuntv

I think that all market manipulations are normal in crypto and happen all the time. We should learn how to spot an upcoming pump and get in early

Btc_1856

sr. member

Activity: 1540

Merit: 255

Quote from: gunungkembar on July 12, 2018, 06:24:00 AM

it seems that what makes the price of bitcoin fall is the bad news that makes the price crumble and the traders are panicked so they make the price fall and make a lot of people lose a lot.

Not only news there are many other things which make to decrease the price because most of the people are in panic mode when they hear any news. When there are many buyers automatically the price will increase.

melted349

sr. member

Activity: 462

Merit: 250

Quote from: Premooooo on July 14, 2018, 09:12:29 AM

I think the price of bitcoin has risen by 2017 but now its price has fallen and from now on 2018 many bitcoin users dumped and dropped the price of bitcoin.

Bear market or big whales manipulated the market by selling their big assets, cause of panic selling most of people are affected is beginners in crypto that really don't know how's market work. That's the possibility that i thought on why the market price are drop.

Premooooo

jr. member

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Merit: 1

I think the price of bitcoin has risen by 2017 but now its price has fallen and from now on 2018 many bitcoin users dumped and dropped the price of bitcoin.

BTCITA187

member

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Merit: 14

Perhaps it sounds too obvious - but it's a bear market. Now the bears have captured the market and it is in the same mood. It's always the case in the bear market. Any good news is not practically not perceived, but bad is given too much importance. Just like in December, when the market was bullish, any news raised the rate of altcoin by 50%.

alminium

jr. member

Activity: 112

Merit: 1

If I think the current price drop is a correction that erases the initial panic by investors. This is because some Bitcoin sales are panicked by new traders. Also demand and supply when the market fell slightly and no demand for prices fell even more, which caused the market worse.

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: Cacao2017 on July 12, 2018, 04:20:48 AM

The reason for the price reduction is the multiplayer effect by the security of the hacker into the machine will take away the bitcoin and the altcoin they make investor confidence shake or labor structure also contributed. The market has fallen sharply

Investor who gets ripped off by hackers actually would end up that way due to their own lack of making use of strong security to their wallets. The market however is far more than investors getting scared because of that, but the fact that a lot of investors or will I say inexperienced newbie investors who got into FOMO last year are being shaken off by the whales so as to get back in at the dip and keep holding a stronger position in the long run and all these are possible because the market is speculative in nature and most people are just looking to get rich and not investing based on what the market value really is about.

hunterXride

newbie

Activity: 22

Merit: 10

Gambling Addict

The main reason for the fall in prices in my opinion is the number of selling very much.

I think the number of selling can be a lot because 2 things:
1. Whales sells a lot of assets.
2. Panic sell, from coin holders due to bad news etc.

tonlong

sr. member

Activity: 726

Merit: 250

Exactly in the last few months Bitcoin and Altcoins prices have fallen sharply. I also read the news from bitcoin-controlled governments and large trading sites hacked and bitcoin hacked. The phenomenon of money laundering all makes the price fall more and more. In addition, the organizations that control the amount of Bitcoin include:
Gox sells off.
Can be controled by large traders in the market.
Bitfinex tax policy.
Bithumb and UPbit scandal in Korea.
The failure of organization investors when not responsing the expectations of the community.
Uncertainty in some areas.

cryptoalfs76

full member

Activity: 406

Merit: 100

▰▰▰ MODULE ▰▰

Quote from: brawdias on May 27, 2018, 10:34:46 PM

I read some news this last week, and there is some indication of wash trading and spoofing going on, so the prices are dropping.

Do you think this is the reason, or the movements of the market are normal ?

This movement in the market now is not normal,and maybe thats your speculation about the indication of wash trading or spoofing is correct,because if you look up the situation now,many things happen in the cryptocurrency is creating fraud,ponzi or scamming,so therefore there s no reason thats they could not do this,and whose this some people who you thinks can do this,manipulating the market,theres no one we could say the big player or the whales group,because they are the one became capable of influencing the exchange market,maybe we have no evidence,but this thinking is initiative.

KenChanYu

hero member

Activity: 1139

Merit: 500

Quote from: Diced90 on July 13, 2018, 06:05:20 PM

Quote from: xuzukami on July 12, 2018, 05:52:59 AM

There are quite a few reasons for the current price drop, but as far as I know the market capitalization has dropped dramatically, so it is possible that the whaling withdrawal from the market.

Yeas, I think the 'whale-effect' as I like to call it may be a plausible reason for this price drop or maybe even the new negative press the people picked and existed instead.

I don't think that there is a single reason that affects Bitcoin price. Panic selling is one of the causes of the drop in price, because it is often triggered by an event that significantly decreases investor confidence in the market. Other factors could be FOMO,FUD, negative news, controversies, or media influence. Market is not always on our favorable side, what we can do is to study the market, familiarize its nature, stay calm, be positive, be hopeful, and trust that it can generate positive results at the course of time.

Topic: Main reason for the price drop - page 5. (Read 971 times)