Topic: Reasons for market drop - Panic, you lose! - page 2. (Read 468 times)
I think the one reason why bitcoin dumps its price in the market because of those country who banned it. Banning bitcoin in one country showed impact on cryptocurrency because investors from that country will not access into bitcoin again. Panicking due to this dump will lose you a profit. Wait until its price recover again before to think to sell.
FUD created in India
If they made this FUD, not the other sources that misinterpreted the news coming from India and spread them around, it was a brilliant move. I heard the prices briefly fell to $5000 on some Indian exchanges. If you had some money there and managed to buy you made the deal of a lifetime. I believe Bitcoin will never again fall below $5000.
that's a very true reason, because in the Chinese new year there are so many people who need fiat money and many sell their bitcoin for fiat money to meet the needs of chinese new year supplies, and that's one of the reasons for the bitcoin turmoil.
One of the two biggest reasons for the sustained dip has been happening for 4-5 months and the other is a usual yearly downtrend which has been observed in Bitcoin for years now. People didn't know until this year because, in case you didn't know, Bitcoin wasn't worth 1k until a year ago.
Reason 1 - Tether. Tether is crypto cancer. 2 billion Tether has been released in the market in just 4-5 months without fiat backing by Bitfinex. Tether is used to pump and dump all coins at once. If you notice the volume, Tether has roughly 10-15% of total market volume in any given 24 hour period which is enough to move the whole market one way and then the other. Bitfinex uses Tether across exchanges to manipulate and monopolize market opportunities.
Reason 2 - Chinese new year is on February 14. It's the largest human migration of the year and a pretty huge deal, bigger than Christmas. A big dip during this period happens on a yearly basis.
Seize your chance and buy the dip, have patience and you will be rewarded once Asian money flows back in. Asia is the biggest Bitcoin market.
Yes you have a point that whats happening now with bitcoin trading market is being controlled and manipulated. The huge downfall started at the beginning of 2018 and is now getting worse. Rumors spread which has aggravated the situation and made the bitcoin almost half from its value at the last quarter of 2017. Another is the coming Chinese new year which we are all aware that they hold the largest investment in crypto market. As I always tell to my self, panic will not help during this down period, instead patience to be extended and if you still have some fund, it is good to buy coins at low at hold it till the market becomes highly active. Reason 1 - Tether. Tether is crypto cancer. 2 billion Tether has been released in the market in just 4-5 months without fiat backing by Bitfinex. Tether is used to pump and dump all coins at once. If you notice the volume, Tether has roughly 10-15% of total market volume in any given 24 hour period which is enough to move the whole market one way and then the other. Bitfinex uses Tether across exchanges to manipulate and monopolize market opportunities.
Reason 2 - Chinese new year is on February 14. It's the largest human migration of the year and a pretty huge deal, bigger than Christmas. A big dip during this period happens on a yearly basis.
Seize your chance and buy the dip, have patience and you will be rewarded once Asian money flows back in. Asia is the biggest Bitcoin market.
fundamentals are fundamentals !
technology havent changed ! if you are selling cause you bought to make a quick buck, please do
technology havent changed ! if you are selling cause you bought to make a quick buck, please do
Teather that is one reason of price dropping =(
We need something good news and finish chinese new year to see always green markets
We need something good news and finish chinese new year to see always green markets
There are various reasons for the market drop in last few days. This crash is because of the series of the events happened at the global level.
1. FUD created in South Korea for Bitcoin Ban. But later it is cleared that south Korean govt has eliminated anonymity in trading and legalize crypto trading in their country,
2. Tether scam: Many accused that USDT is a scam and never backed up with real dollars and all etc.
3. FUD created in INDIA for crypto and Bitcoin Ban which is again a misinterpretation of Indian FM statement.
1. FUD created in South Korea for Bitcoin Ban. But later it is cleared that south Korean govt has eliminated anonymity in trading and legalize crypto trading in their country,
2. Tether scam: Many accused that USDT is a scam and never backed up with real dollars and all etc.
3. FUD created in INDIA for crypto and Bitcoin Ban which is again a misinterpretation of Indian FM statement.
One of the two biggest reasons for the sustained dip has been happening for 4-5 months and the other is a usual yearly downtrend which has been observed in Bitcoin for years now. People didn't know until this year because, in case you didn't know, Bitcoin wasn't worth 1k until a year ago.
Reason 1 - Tether. Tether is crypto cancer. 2 billion Tether has been released in the market in just 4-5 months without fiat backing by Bitfinex. Tether is used to pump and dump all coins at once. If you notice the volume, Tether has roughly 10-15% of total market volume in any given 24 hour period which is enough to move the whole market one way and then the other. Bitfinex uses Tether across exchanges to manipulate and monopolize market opportunities.
Reason 1 - Tether. Tether is crypto cancer. 2 billion Tether has been released in the market in just 4-5 months without fiat backing by Bitfinex. Tether is used to pump and dump all coins at once. If you notice the volume, Tether has roughly 10-15% of total market volume in any given 24 hour period which is enough to move the whole market one way and then the other. Bitfinex uses Tether across exchanges to manipulate and monopolize market opportunities.
That may be the main reason for the current down trend. I have never followed this particular coin, but if 4-5 billions of coins are flooding the market and the trade volume is 10-15% of the total crypto volume, then it is easy to manipulate the market using pump and dump strategy. Even though I am not entirely sure about it, but that may be a possibility.
Quote
Reason 2 - Chinese new year is on February 14. It's the largest human migration of the year and a pretty huge deal, bigger than Christmas. A big dip during this period happens on a yearly basis.
Seize your chance and buy the dip, have patience and you will be rewarded once Asian money flows back in. Asia is the biggest Bitcoin market.
Seize your chance and buy the dip, have patience and you will be rewarded once Asian money flows back in. Asia is the biggest Bitcoin market.
China's crypto community has already started filtering out from the crypto market. So I doubt this reason. Even though China is the second largest market for Cryptocurrency, but it's hard to believe that a county specific festival will cause such bleeding. It is not sounding convincing enough. 5-10% may have been possible, but going down to 9k level, is insane.
Still, this dip is another opportunity for us to score more at a lower cost and bring down the average buying price. I am sure investors around the world will do the same.
I tend to agree with your first point. I have observed that when bitcoin goes down, all others followed. This can happen only in a manipulated environment.
One of the two biggest reasons for the sustained dip has been happening for 4-5 months and the other is a usual yearly downtrend which has been observed in Bitcoin for years now. People didn't know until this year because, in case you didn't know, Bitcoin wasn't worth 1k until a year ago.
Reason 1 - Tether. Tether is crypto cancer. 2 billion Tether has been released in the market in just 4-5 months without fiat backing by Bitfinex. Tether is used to pump and dump all coins at once. If you notice the volume, Tether has roughly 10-15% of total market volume in any given 24 hour period which is enough to move the whole market one way and then the other. Bitfinex uses Tether across exchanges to manipulate and monopolize market opportunities.
Reason 2 - Chinese new year is on February 14. It's the largest human migration of the year and a pretty huge deal, bigger than Christmas. A big dip during this period happens on a yearly basis.
Seize your chance and buy the dip, have patience and you will be rewarded once Asian money flows back in. Asia is the biggest Bitcoin market.
Reason 1 - Tether. Tether is crypto cancer. 2 billion Tether has been released in the market in just 4-5 months without fiat backing by Bitfinex. Tether is used to pump and dump all coins at once. If you notice the volume, Tether has roughly 10-15% of total market volume in any given 24 hour period which is enough to move the whole market one way and then the other. Bitfinex uses Tether across exchanges to manipulate and monopolize market opportunities.
Reason 2 - Chinese new year is on February 14. It's the largest human migration of the year and a pretty huge deal, bigger than Christmas. A big dip during this period happens on a yearly basis.
Seize your chance and buy the dip, have patience and you will be rewarded once Asian money flows back in. Asia is the biggest Bitcoin market.
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