Reason for BTC price crash found! | Bitcointalksearch.org

Branko

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Quote from: mummybtc on July 21, 2018, 02:56:59 PM

This just seem like people looking for reason for anything, the price of BTC is set for correction it just need something to trigger it, remember when people were speculating that it was MGox trustee that was dumping the BTC on the market and later that it was Whales, people need explanation for this and now they get one

Personally, I think whales use BTC manipulation to fill bags with various altcoins...its hard for sure to tell which one will
be next Google, so they probably fill bags with everything, just in case...and they want it cheap, and BTC
is their perfect tool for that

mummybtc

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This just seem like people looking for reason for anything, the price of BTC is set for correction it just need something to trigger it, remember when people were speculating that it was MGox trustee that was dumping the BTC on the market and later that it was Whales, people need explanation for this and now they get one

Branko

sr. member

Activity: 2562

Merit: 321

Quote from: awakdroe on July 20, 2018, 10:42:10 AM

this is a very good joke, I am not sure what has been preached.

Yes, it was meant to be a joke, but many people took it seriously.
Well, you never know, maybe they know better Grin

carlisle1

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Campaign Management?"Hhampuz" is the Man

Quote from: JavaLove on February 01, 2018, 05:50:29 PM

Quote from: Branko on February 01, 2018, 05:47:47 PM

http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/

"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."

Now that we know the cause, what should we do? Convert BTC to Petro?

So he's shorting the Bitcoin with his Petro. But I still don't believe in government crypto coins.

Any reliable source of this?

maduro's desperation results to this

I think the president has leave no option but to follow this as all he wanted is to save venezuela.

But he cant be completely successful on this as bitcoin will still stands against petro.lets hope maduro will do the right action after this time

awakdroe

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this is a very good joke, I am not sure what has been preached.

divowok

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I personally think its impossible to absolutely decide what the reason for any market moves are, as generally, fundamentals don't matter too much in such speculative markets. In times like this when everything is bleeding, its smart to consider a future plan. IMO investing in promising icos is one of the smartest things you can do and i have a few that you might enjoy knowing about.

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Deedcoin is a cryptocurrency that will simplify real estate. Deedcoin customers use DEED to decide what to pay in commission costs when purchasing or selling a home, lowering the traditional 6% fee to 1%.

Markperop

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Quote from: lubah on July 08, 2018, 12:19:34 PM

Quote from: SunJAB on February 02, 2018, 03:31:32 AM

As far as I know, the Korea Financial Supervisory Commission (FSC) has confirmed the ban on uncontrolled transaction accounts. The Securities and Exchange Commission (SEC) said it had received a court order to freeze the assets of an ICO deal with $ 600 million raised. These are the reasons why the entire cryptocurrency market has fallen sharply over time. In addition, the Asian investors to sell copper coins to prepare for the Lunar New Year is also a cause for market decline.

You're saying it right. Your version has a lot of truth. I'm sure. China and America have been very hard hit by the crypto market, regulators have started to control the ICO and the influx of new investors has declined significantly. This is the main reason for the fall of the market and bearish trend

Of course, if there is a total control of all ico companies, then this undoubtedly should reduce the overall amount of fraud in this business. This is certainly a positive moment of the current situation, but how long will such an execution affect the entire crypto currency market?

lubah

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Quote from: SunJAB on February 02, 2018, 03:31:32 AM

As far as I know, the Korea Financial Supervisory Commission (FSC) has confirmed the ban on uncontrolled transaction accounts. The Securities and Exchange Commission (SEC) said it had received a court order to freeze the assets of an ICO deal with $ 600 million raised. These are the reasons why the entire cryptocurrency market has fallen sharply over time. In addition, the Asian investors to sell copper coins to prepare for the Lunar New Year is also a cause for market decline.

You're saying it right. Your version has a lot of truth. I'm sure. China and America have been very hard hit by the crypto market, regulators have started to control the ICO and the influx of new investors has declined significantly. This is the main reason for the fall of the market and bearish trend

ajqjjj

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Not your Keys, not your Bitcoin

Quote from: serizawa on July 08, 2018, 07:39:49 AM

that's not a very strong reason because bitcoin is down, I think bitcoin is a regular correction. soon maybe bitcoin will recover its price

It is not a regular correction every year some price fluctuation is comes in the but we know the reason for price variation. This year lot of opposing was occur in the market so totally unpredictable in crypto market. So crashes are happen in anytime on this year and this will going to moon also happen in anytime.

www_blockchain

newbie

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Cryptocurrencies created by the government will never be a success and therefore never sell your Bitcoins to buy Petro. Cryptocurrency cannot belong to the state.

serizawa

sr. member

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that's not a very strong reason because bitcoin is down, I think bitcoin is a regular correction. soon maybe bitcoin will recover its price

altercreed

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I don't ever think that this oil-backed cryptocurrency by Venezuela called Petro crypto can ever replace bitcoin in the long run. For some reasons, it may be the cause of bitcoin's market price fluctuation but i don't really think that petro is a threat to bitcoin because even though they're the same crypto but they do have different usage.

Lostan

newbie

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Quote from: Branko on February 01, 2018, 05:47:47 PM

http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/

"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."

Now that we know the cause, what should we do? Convert BTC to Petro?

So many attempts were made to dump Bitcoin but it has great resistance power.
Nothing can stop Bitcoin and the crypto!

mazezizi

newbie

Activity: 94

Merit: 0

This is certainly not the cause of the collapse of the cryptocurrency price. There is no reason for the bitcoin price collapse. The only thing is that the market is underfunded. The whales are not currently in the cryptocurrency market, which leads to insufficient market funds.

Branko

sr. member

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It seems BTC is finally somewhat recovered from Venezuelan attack Grin

Athenakim.22

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I think that's not only the main cause, we have heard aa lot of news about BTC being ban and decline to other countries plus other government are introducing thier own coin i think all of that has made an impact as to why, BTC is going down.

novita_gendut

newbie

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Quote from: Branko on February 01, 2018, 05:47:47 PM

http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/

"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."

Now that we know the cause, what should we do? Convert BTC to Petro?

The possibility is so because I know now we have to know the cause, and for the Venezuelan president who has reduced the cryptocurrency demand I think it is not, because with the occurrence of accidents the price of BTC is due to the government that now enters the world of cryptocurrency,

MalakEnay

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Quote from: Branko on February 01, 2018, 05:47:47 PM

http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/

"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."

Now that we know the cause, what should we do? Convert BTC to Petro?

President Maduro does not seem to have the level of knowledge sufficient to issue a qualified opinion regarding the complex field of technology and finance. Of course, at this moment his only concern is to try to attract unsuspecting investors to help him finance his populist measures of government, and I am skeptical about the credibility that this shitcoin called "Petro" deserves.

WSDN

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IDENA.IO - Proof-Of-Person Blockchain

there are too many reasons for the BTC falling down now, Google and Facebook ban crypto advitising, South Korea ban BTC,.... but you should consider carefully. Most of them are fake news.

Zicadis

legendary

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Dump it!!!

Quote from: Branko on February 01, 2018, 05:47:47 PM

http://strategiccoin.com/maduro-takes-credit-bitcoin-offering/

"Venezuelan President Nicolas Maduro took credit for the recent bitcoin price decline, arguing that the impending launch
of Venezuela’s state-sponsored petro cryptocurrency has reduced demand for decentralized cryptocurrencies."

Now that we know the cause, what should we do? Convert BTC to Petro?

i find it hard to believe but its a good reason but unfortunately petro is also a cryptocurrency...had it been fiat it would have made alot of sense in the sense that the fiat would have backed bitcoin as a way to preserve its value, but demand for a centralized currency rising over decentralized cryptocurrencies...I dont believe this. Roll Eyes

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