Topic: Real Reason Behind Bitcoin’s Price Crash. - page 2. (Read 329 times)
I am really not sure whether your information is true or not because every day new new topic of price falling is coming. So I really dont know whom to trust. I have just take it as a natural rule of crytpo world because price will not be always high.
It's already influential and of course which's clear is not only that which influences it, there are still many out there that can make it down/crash, and not just in one country only. I think these times are like being in a sad position that will end in the long run, the layman will surely surrender.
if this was true then price of every asset should have fallen each time Americans wanted to pay their taxes! so how do you explain no fall in other markets? and more importantly why are they only selling their bitcoins to pay their taxes and not their golds, stocks, bonds, real estate, .... I'll tell you why because nobody liquidates their investment to pay taxes. specially assets that are full of potential.
Price fluctuation is a common thing for crypto market. But in recent time’s crypto’s price fall down rapidly. I think its occurring because some countries are banned crypto for access. It decreases the crypto’s demand and reason behind price falling.
I think already some countries are regulating the cryptocurrency but still it was raise in the market. So recent dump is unexpectedly comes in the market and this will not permanent dump again it will raise in the market. Know we must hold for two more months automatically all the coins are going to moon.
Maybe that's the other reason why the bitcoim decreasing price. But they have chance also why the price decreasing is because of the panic seller of the bitcoin or the bad news about bitcoin. There's a lot of other reason why bitcoin down but I hope next month everything will be okay and the price will become stable or it will increasing again the price like what bitcoin reached last year.
What goes up must come down! That is how markets work.We are in the coiling down phase to the floor, probably around 4-5 k, and then consolidation till 2019....bulshi again by 2020. Untill then take a looong holiday as the bear market is here to stay.
Price fluctuation is a common thing for crypto market. But in recent time’s crypto’s price fall down rapidly. I think its occurring because some countries are banned crypto for access. It decreases the crypto’s demand and reason behind price falling.
Do you agree with the reason?
no because this news belongs to months ago which was the deadline for tax payers to pay their taxes and that was just a speculation that this might happen and price had a little drop by that time and recovered right after.Quote
What is your thinking that how long it would take to recover the market condition.
as soon as the manipulation stops and the whales run out of bitcoin to dump and decided now is the time to buy back what they have been selling.Quote
I have got the news from a renowned website. As a newbie, I am not sharing the link here. Do you want the reference?
no, thank you! websites that you find this kind of stuff on are full of shit all the time. don't waste your time on them... 
Your mentioned reason of USA people sell Bitcoin to pay tax may be one of the reason and there might be many reasons behind the drop of Bitcoin price. I cannot say anything about that without any substantial data to support but I think the price trend now is not a problem for Bitcoin and it will rise again in coming days because crypto market is always volatile.
Former PayPal CEO says bitcoin is the ‘greatest scam in history’
THE former chief executive of PayPal has slammed bitcoin as the “greatest scam in history” and a “colossal pump-and-dump scheme”.Writing for technology website Recode, Bill Harris said he was tired of describing the cryptocurrency as “speculative”, “gambling” or even a “bubble”. “Okay, I’ll say it: bitcoin is a scam,” he said. “In a pump-and-dump game, promoters ‘pump’ up the price of a security creating a speculative frenzy, then ‘dump’ some of their holdings at artificially high prices. And some cryptocurrencies are pure frauds. Ernst & Young estimates that 10 per cent of the money raised for initial coin offerings [ICOs] has been stolen.”
http://www.news.com.au/finance
THE former chief executive of PayPal has slammed bitcoin as the “greatest scam in history” and a “colossal pump-and-dump scheme”.Writing for technology website Recode, Bill Harris said he was tired of describing the cryptocurrency as “speculative”, “gambling” or even a “bubble”. “Okay, I’ll say it: bitcoin is a scam,” he said. “In a pump-and-dump game, promoters ‘pump’ up the price of a security creating a speculative frenzy, then ‘dump’ some of their holdings at artificially high prices. And some cryptocurrencies are pure frauds. Ernst & Young estimates that 10 per cent of the money raised for initial coin offerings [ICOs] has been stolen.”
http://www.news.com.au/finance
Even few months ago the price of bitcoin falls down. to great extent and it started rising up. Right now, it's falling again and it'll rise up again. So, i don't think there's specific reasons behind this. I hope the price will recover very soon.
Yes you must share your reference. I disagree that the only reason for bitcoins price crash is because of USA investors are selling bitcoins to pay capital gains tax . Last week , people claimed MT gox wallet been sold off is the cause and today USA investors . I think there is more to its than a single reason for bitcoin price crash.
It is not the first time when the price of bitcoin fell. In last year the price touched @20k but later touched very low levels. The prices were recovering and on one occasion it crossed $10k but again the price started falling. The reason given by you that people in USA are selling to pay capital gains tax and so the price falling may be a reason but only one reason can never be effective in up or down of the prices.
There are so many reasons. Major role being played by speculators and big rich traders. Small traders can not cause a dent on the trends.
Larger players always have an unfair advantage over the retail traders as they have the money and the resources to manipulate prices. Many crypto investors have been complaining against the manipulation in the markets, which hurts small investors.
So just be watchful; careful; gain knowledge and experience; put the part of money in t he market which if lost you don't see as everything gone. Also it is true that we have to take risk if we wish to earn.
There are so many reasons. Major role being played by speculators and big rich traders. Small traders can not cause a dent on the trends.
Larger players always have an unfair advantage over the retail traders as they have the money and the resources to manipulate prices. Many crypto investors have been complaining against the manipulation in the markets, which hurts small investors.
So just be watchful; careful; gain knowledge and experience; put the part of money in t he market which if lost you don't see as everything gone. Also it is true that we have to take risk if we wish to earn.
In United States, bitcoin investors are selling off their holdings in order to pay their capital gain tax. And it generated a huge of of btc. Besides demand has not be increased on that level. Thus supply increased a lot and not demand as well. And this situation is mainly responsible for the going on market crash.Do you agree with the reason? What is your thinking that how long it would take to recover the market condition. I have got the news from a renowned website. As a newbie, I am not sharing the link here. Do you want the reference?
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