Topic: Recent crash (Read 757 times)
In my opinion, the price of bitcoin will certainly return to its original level and even exceed the price of yesterday when it skyrocketed, why can I be sure of that because of the price movement pattern that I analyzed, this is a bitcoin that is commonly experienced. from trading activities to traders. So don't panic over the current market situation because it will only worsen the atmosphere.
This cannot be called a "crash." At the time when Bitcoin was rising and rising, smart and intelligent people understood that it would end soon and it would fall. By this we can say that everything is "according to plan." But after each fall we will take off.
I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
We are going back to the roots, so to speak
Though you didn't make it clear in the OP what crash you refer to. If you mean the late November early December crash a couple months ago, it was likely triggered by the hash wars, but its causes lie in Bitcoin being overvalued back then. The price had been trading in 6-7k range but with no real support, so when someone started to sell in earnest, the price crashed until it found a new support at 3k. But we may not be done yet
You can think of it as an organic continuation of an overall downtrend which gets us closer to the equilibrium determined by real value of Bitcoin (with most altcoins likely kicking the bucket in the process). So for Bitcoin itself it may be a good thing as lower prices probably add to Bitcoin's real use. You can take Dogecoin as an example of that kind. It is cheap as dirt but almost all of its price is determined by its real use (as a coin for gambling)
I think this happens because there are a lot of crypto and tokens that exist, so investment is split, in 2017 many people focus on investing in bitcoin so that the price is high, but now with many choices it will have an impact on the stability of bitcoin prices on the market.
Sorry if I am wrong.
Sorry if I am wrong.
I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
There are many rumors that the bull run will start in this current month but I do not think so that it will happen. We are now in the first week of December, the price of the bitcoin is still in $3000 per each. I think next year is the year for us to see the bull run. What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
After watching the prices of cryptos lately, mentioning an economic crisis is not that off topic. If the economic system working well. we would not be in the current situation (even though it will always work well for the 10% wealthiest people).
A quick historical reminder with very big drawbacks: why was there a revolution in France in 1789?
Winters were cold and wet, we were short of wheat, prices were rising, countryside was particularly affected.
During this time the monarch increased taxes to pay for the wars which ruined the country.
Only 98% of the population, who was already poor payed the taxes. The poor people are always on the losing side.
A lot of blood, and France was on the verge of chaos and still hungry. The years passed, it was still a real travesty and the people were still flouted. And where will the solution come from? The establishment of a totalitarian militarist regime.
Sorry for this off topic, but we can draw a parallel with BTC: some people dream of a revolution but do they measure the consequences? Are they ready to lose everything for the hope of winning more but without any guarantee?
A quick historical reminder with very big drawbacks: why was there a revolution in France in 1789?
Winters were cold and wet, we were short of wheat, prices were rising, countryside was particularly affected.
During this time the monarch increased taxes to pay for the wars which ruined the country.
Only 98% of the population, who was already poor payed the taxes. The poor people are always on the losing side.
A lot of blood, and France was on the verge of chaos and still hungry. The years passed, it was still a real travesty and the people were still flouted. And where will the solution come from? The establishment of a totalitarian militarist regime.
Sorry for this off topic, but we can draw a parallel with BTC: some people dream of a revolution but do they measure the consequences? Are they ready to lose everything for the hope of winning more but without any guarantee?
I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
I am still optimistic that this drop is not a crash. But just a correction on the price. We should remain positive to not let this drop continue to a point there where everybody will get discouraged and let loose the tie.
I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
I have read a lot of articles and kept researching the fall began to know the major reason behind it. Though a lot of people has claimed that it wasn’t caused by anything, but is just a normal thing that crypto will always rise and fall in price due to it being volatile, an article on Forbes has claimed it all started when the U.S. Securities and Exchange Commissions ruled ICOs as unlicensed securities. What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
Market manipulation led to panic. Panic, in turn, led to price crash. The wise should seize this opportunity to acquire more Bitcoin because the prize will go up again - it's usually a cycle - and when it does, we will all have cause to smile again.
Many investors decided to leave the market and a lot of traders made up their minds to quit their business. Naturally, their decisions affected the cryptocurrencies prices. Suppose, soon the situation will be normalized.
Market manipulation led to panic. Panic, in turn, led to price crash. The wise should seize this opportunity to acquire more Bitcoin because the prize will go up again - it's usually a cycle - and when it does, we will all have cause to smile again.
this is a healthy accident, you should not worry about the future of bitcoin, to see the market again likely at the end of 2019 we see the market recovering
Yeah I agree the cryptocurrency blood time will heal but I am guessing that some are earning huge with cryptocurrency right now. This because market was crashing without a good reason behind why market goes down. Some are stating that it is because of regulation. I cannot agree on this because regulations are being raised for the good of cryptocurrency investors. The rich people are pocketing the money? I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
It’s because of the Bitcoin Cash fork, seems like investors are not happy with the BCH ABC and BCH SV. But as usual, this would be temporary, although I don’t think the price will be going up anytime soon, not this year. Let’s just hope that next year that things will start to get better and also get back to where it’s meant to be. What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
From what I have been reading from certain threads, the crash may have been brought about by some investors moving in from Bitcoin to another currency. Admit it, since the start of this year 2018, bitcoin have been bursting several times and literally not achieving nor surpassing the high marks that it left last year. The crash may have been brought about by whales picking up bitcoins and hoarding and holding it on purpose-- selling in chunks so that the market will look red causing more panic selling (this is just my theory) This had left investors looking for another coin that will seem to be more stable than bitcoin while they are waiting for the storm to pass they have migrated to USDT instead. 
I think looking for other coins that are more stable, less likely, because bitcoin affects development of other coins, I agree more if the whales hold their money and wait for the lowest price, or divert investment elsewhere 
From what I have been reading from certain threads, the crash may have been brought about by some investors moving in from Bitcoin to another currency. Admit it, since the start of this year 2018, bitcoin have been bursting several times and literally not achieving nor surpassing the high marks that it left last year. The crash may have been brought about by whales picking up bitcoins and hoarding and holding it on purpose-- selling in chunks so that the market will look red causing more panic selling (this is just my theory) This had left investors looking for another coin that will seem to be more stable than bitcoin while they are waiting for the storm to pass they have migrated to USDT instead.
I think the price direction will depend a lot on whether the majority of people see the current price as an opportunity to buy cheap.
Probably a combination of fud, hashwar and manipulation are the factors that pulling the market down. I think it will be a healthy start for new entrants, potentially good for long term. Holders are being tested and filtered again just like the past years, wish I had more capital to spend for cheap coins.
Of course, the major reasons for any crash is always as a result of fear and doubts in the market. No one is certain what is going on, and you will require some deep knowledge and understanding of the market to be able to withstand anything going on in the market that looks negative. However, if we look at the market right now, we will understand deeply that a lot of people are here without even knowing or understanding what they were getting into in the first place let alone, be able to prepare themselves psychologically for anything that happens. 
this is a healthy accident, you should not worry about the future of bitcoin, to see the market again likely at the end of 2019 we see the market recovering
This has nothing to do with BCH. In fact, in November, the global stock market, financial markets and cryptocurrency markets all experienced significant depreciation. Maybe the depreciation of Bitcoin is being promoted? I think gold will rise rapidly in the next month.
Are we talking about bitcoin cash or bitcoin? As far as I know this is about the cause of cryptocurrency crash or bitcoin. Anyways, it is possible that the crash was done by the whales who have power to turn cryptomarket up and down. They are the number one suspect of why still bear market until now. If you hold such a large volume of bitcoin or whatever potential coins you are one of the whales that can join the group of big whales investors. As of now this crash is still causing headache and heart burning and impatient waiting.
It is uncanny how much bitcoin can drop. We say it won't drop any further, we say 6 thousand dollars is the bottom and it won't drop any further for this and that reason, it drops no matter what. We say ok this is the last price, it won't go down any further because 5.6 thousand dollars is the bottom it will go, it can't go any further down because that's really low, it goes down no matter what.
We say alright 4.7 thousand is basically all it can drop without killing the miners and there is no chance in hell it drops any further, it drops no matter what. Right now we have seen 3.7 thousand dollars, we say it can't go down any further because lets face it, bitcoin looks so low. However I wouldn't be really shocked if it went down to 2 thousand dollars tomorrow, at this pace, anything is possible.
We say alright 4.7 thousand is basically all it can drop without killing the miners and there is no chance in hell it drops any further, it drops no matter what. Right now we have seen 3.7 thousand dollars, we say it can't go down any further because lets face it, bitcoin looks so low. However I wouldn't be really shocked if it went down to 2 thousand dollars tomorrow, at this pace, anything is possible.
I think the recent crash deal is already gone, right now the reason why it is still low is unknown and people are afraid of buying bitcoin at these levels. Normally we know the reason why it dropped however we have no idea why it is still low. If you ask me the drop in price was expected when someone sells that much bitcoin but since that is already gone we should have been way higher once again.
Probably people sold some bitcoins to buy some black friday deals and all that so I get that as well but they are all gone, by today we should be seeing a price spike already. I really hope people will realize that the price of bitcoin and almost all crypto currencies are unsustainable at these prices and start to buy them once again making the prices go up in a bull fashion which would be the first big bull run of 2018.
Probably people sold some bitcoins to buy some black friday deals and all that so I get that as well but they are all gone, by today we should be seeing a price spike already. I really hope people will realize that the price of bitcoin and almost all crypto currencies are unsustainable at these prices and start to buy them once again making the prices go up in a bull fashion which would be the first big bull run of 2018.
Probably a combination of fud, hashwar and manipulation are the factors that pulling the market down. I think it will be a healthy start for new entrants, potentially good for long term. Holders are being tested and filtered again just like the past years, wish I had more capital to spend for cheap coins.
About the market and Bitcoin or cryptocurrency investment the problem of market crashes could be a decline and price increases.
all of that there are factors behind all this which is clear I hope the crypto market will improve and all the wounds and sorrows will disappear, can make people especially bitcoin users can be excited in investing.
all of that there are factors behind all this which is clear I hope the crypto market will improve and all the wounds and sorrows will disappear, can make people especially bitcoin users can be excited in investing.
I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
I think it is just a temporary thing for now. I do not think the price could stay like this for a long time. The reason I believe its temporary is the amount of sellers in the market right now, it is not as much as it used to be and the amount gets lower and lower everyday. What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
This hash war thing that happened and caused all this drop is almost over now and I do not think they are selling anymore, which means they will not be here to keep the price low when it goes back up. Plus the miners at bitmain will start to realize they can now start selling their mined profits a lot higher and they will remove their sell orders as well.
All that combined equals to people who would like to buy bitcoin at these prices but people who are not willing to sell at these prices which will make the price go up very soon. Probably by next week.
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The markets will eventually stabilize. All will settle down in due time and the prices will begin to rise again.
I think it's a deepest correction, and we need to see the price in the last year. In the last year, we are seeing the price increase very higher and makes people invest in the higher price and this makes a deep correction which is happening right now. I think this will continue to happen until the end of the year and in the new year, we will see a surprise from bitcoin. Besides that, people are not ready to see the deep correction and some of them are a new investor who needs more lesson about bitcoin. They only follow the trend without learning about bitcoin so they are stuck in the highest price and regret to buy bitcoin in the last year. But we all have a different opinion and we really don't know when it's over and we can only follow the price, make a buy and sell and try to make a profit.
We don't know is it healthy for the long-term or not but we will see the price back again soon and all we can do now is only waiting for the time to comes. But I hope that in the next month, bitcoin price will start to rise again and it slowly will break any higher price.
We don't know is it healthy for the long-term or not but we will see the price back again soon and all we can do now is only waiting for the time to comes. But I hope that in the next month, bitcoin price will start to rise again and it slowly will break any higher price.
I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
I think it is because of some people causing a panic and giving fear to investors. Most investors especially the new ones are affected by those news about bitcoin as well as other cryptocurrencies being called as a bubble, so once they saw a small drop they begun to withdraw whatever amount of investment or holdings they have, then it went dropping in bigger scales, then it went crashing down. I think there are more people who are just new in the cryptoworld than those people who actually understand how cryptocurrency works.
You can make many assumptions, that of the speculation of groups of investors who want to create a panic is certainly the most probable.
It is true that all the classical methods of fundamental analysis and technical analysis are not applicable, and therefore more than investment it is better to talk about gambling.
It is true that all the classical methods of fundamental analysis and technical analysis are not applicable, and therefore more than investment it is better to talk about gambling.
I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
If you will observe the chart, you will find out that the cryptocurrency market crashed. Especially the bitcoin, the price of the bitcoin is continuing to go down. The bitcoin is now in the declining point, but I think that the bitcoin will overcome this crash. What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
I am pretty sure a lot of people will come with their own different theories with the bitcoincash fork and all that, but of course, it is a market and we always like to have something to pin the movement of the market on, so I am not surprised.
For me, I just feel the market was not done yet for the bear trend and trust me, at times like this, when there is a chance for more institutional entries, there would not be any until they are sure all the weak hands have been driven back home enough.
So in a way, let's just assume the downtrend of the market right now as far as I am concerned, is just the final shakedown of the weak hands.
For me, I just feel the market was not done yet for the bear trend and trust me, at times like this, when there is a chance for more institutional entries, there would not be any until they are sure all the weak hands have been driven back home enough.
So in a way, let's just assume the downtrend of the market right now as far as I am concerned, is just the final shakedown of the weak hands.
I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
If you will observe the chart, you will find out that the cryptocurrency market crashed. Especially the bitcoin, the price of the bitcoin is continuing to go down. The bitcoin is now in the declining point, but I think that the bitcoin will overcome this crash. What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
Before we analyze the crash I wanted to know what exactly caused bitcoin to do 19X in 2017?
I am new in crypto but I did not found any development in bitcoin (apart from Segwit) that is path breaking in 2017 but it still rose.
I think ICOs increased demands of BTC, people invested in them as crazy. In 2018 everybody knows that ICOs are scam and they are not able to gather the BTC they used to be decreased the demand.
All the BTC that was gained by scam ICO might be also getting offloaded.
I am new in crypto but I did not found any development in bitcoin (apart from Segwit) that is path breaking in 2017 but it still rose.
I think ICOs increased demands of BTC, people invested in them as crazy. In 2018 everybody knows that ICOs are scam and they are not able to gather the BTC they used to be decreased the demand.
All the BTC that was gained by scam ICO might be also getting offloaded.
I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
I think it was a combination of forces. Price was moving in a tight range. Bulls failed on their last try up in October, so it was the bears' turn to try and force a breakout.
Heading into the crash, shorts were low and longs were high, implying weak bid support and lots of fuel for selling. Some large sellers, perhaps including Craig Wright and his rich friends, capitalized on the BCH FUD and low liquidity order books, causing a selloff. During other times this year, buyers were bullish enough to step in and absorb this kind of selling pressure. This time around, the books were empty. The market was finally ready to crash.
I think it's healthy for the long term, yes. People were too hopeful and bullish. This kind of reset is all part of the general market cycle. The same thing happened in 2014. I would guess price will bottom out anytime between early December and late March. Then we'll probably see a show of strength from bulls and some sideways for several months as the market confirms the bottom is in.
The reason for the collapse is very simple. There are many bubbles in the cryptocurrency market, and many applications have not been widely promoted. This is a long process. Investors have now lost their courage. However, the market will continue to decline.
Well, for me its either market manipulation or a real correction.
Since last year cryptomarket is being manipulated by either a small or big whales, and this year we saw a lot of pumps and dumps trend which benefit the manipulators. Corrections is still possible reason for this, we already hit the peak and now its time to reach the bottom again. Its very unfortunate for a good technology to be on this position, but I believe 2019 will become a great year for us, cryptomarket will soon rise again.
Since last year cryptomarket is being manipulated by either a small or big whales, and this year we saw a lot of pumps and dumps trend which benefit the manipulators. Corrections is still possible reason for this, we already hit the peak and now its time to reach the bottom again. Its very unfortunate for a good technology to be on this position, but I believe 2019 will become a great year for us, cryptomarket will soon rise again.
It will probably breach $2900. And below. Tighten your seatbelt.
This has nothing to do with BCH. In fact, in November, the global stock market, financial markets and cryptocurrency markets all experienced significant depreciation. Maybe the depreciation of Bitcoin is being promoted? I think gold will rise rapidly in the next month.
Perhaps the most the main reason sharp and impressive
the decline in the price of bitcoin is the division in the Bitcoin Cash ABC network and Bitcoin Cash SV. This pushed the price down, and then the market began to decline further amid fatigue and a two-month flat in a narrow range.
This market is very volatile and the decline was obvious for a long time, but no one could think that it would be so deep. Miners turn off their farms and this also contributes to the reduction. All newalias like a snowball and as soon as it melts to decide only for ourselves. We need good news and they just don't exist.
the decline in the price of bitcoin is the division in the Bitcoin Cash ABC network and Bitcoin Cash SV. This pushed the price down, and then the market began to decline further amid fatigue and a two-month flat in a narrow range.
This market is very volatile and the decline was obvious for a long time, but no one could think that it would be so deep. Miners turn off their farms and this also contributes to the reduction. All newalias like a snowball and as soon as it melts to decide only for ourselves. We need good news and they just don't exist.
My belief is that the crash was induced by market manipulation. Group of people who holds some amount of BTC sells their BTC on coinbase or/and other exchnages to get market in red. In the same time they have leveraged postions on other exchnages with short postions. This is relativly easilt done bceause btc volume is small and therefore they dont ned a lot of money . the rest what happened was panic of the market. Its hard to tell wether it is healthy, it shacked of a lot of investors whihc have lost a ton of money but who will come and take their place..
In every market, there are always those ones who are the bigger players and what they do is trade in the emotion of the market. Wind_Fury said something one time on one thread here, that we should be very much scared of the whalecumulators, so he called them, considering that they are everywhere and trying to see the reaction of people to the present trend, and since basically the market consolidated for a while in the descending triangle, and a lot of people started calling bull runs, probably, we'd just imagine this is a way of getting more of the weak hands to bail out eventually and give up hope for the market.
Recent crash to me is just more of a chance to buy more, and possibly we are getting pretty close to when we will get to see the institutions kick in with a great bounce.
My belief is that the crash was induced by market manipulation. Group of people who holds some amount of BTC sells their BTC on coinbase or/and other exchnages to get market in red. In the same time they have leveraged postions on other exchnages with short postions. This is relativly easilt done bceause btc volume is small and therefore they dont ned a lot of money . the rest what happened was panic of the market. Its hard to tell wether it is healthy, it shacked of a lot of investors whihc have lost a ton of money but who will come and take their place..
Isn't that what all those hedge funds were supposed to be doing--the same hedge funds that apparently are going out of business in droves now? What you described sounds like hedging to me, and I'll betcha that there's probably too much leverage going on with the big traders. Seems like that's always the case when markets crash. This could be big investors selling, or it could be people panicking.
Well it was said that Bitcoin price crash due to Bitcoin Cash ABC and Bitcoin Cash SV. But I think we have been played all along and I have a theory that CW has been planning this for so long and might even colluding with other crypto websites as well to create waves of FUD article like this one.
https://www.ccn.com/crypto-investors-who-bought-bitcoin-at-1000-are-now-starting-to-sell/
As someone who doesn't keep up with bitcoin market news (and I probably should), I don't know what those bolded terms are. I'll check that link and see if it clears anything up. We really need some sort of running history of bitcoin news for idiots like me who always seem to get interested way too late.https://www.ccn.com/crypto-investors-who-bought-bitcoin-at-1000-are-now-starting-to-sell/
Edit: Ach, that article was just a bunch of technical analysis babble.
If the crypto market isn't the only one then it's not a bad thing since it also means it can recover, the same way other markets can recover. I don't believe the crash has been caused by the BCH fork, otherwise, we would see a crash very trimester.
It's definitely true that crypto isn't the only asset class correcting, but it's somewhat interesting that while crypto is being praised by people to not be correlated with the traditional markets, it actually has been for a while.At what point we start to use other words to describe the downfall besides " correction" ?
I dont thin kthat this is the correct time to use word " correction" , this is complete crash and panic selling, at the moment we are testing the low of ~4300 in BTC and ETH we are heading towards 100$.
He considered a correction has different levels. But the point was the same trend between different markets.
If in 10 days the cryptos market recovers to the $6,000-$7,000 range. How will you call it? Will you still call it a "complete crash"?
See my post below:
https://bitcointalksearch.org/topic/m.48128287
Quote
Is it really a Crypto Crash?
The gold price got a similar crash last week within a 3-4 days period and then recover back within a week.
https://www.bullionvault.com/gold-price-chart.do
The CAC 40 benchmark is showing the same trend AND the same days
https://www.google.com/search?q=cac+40&rlz=1C1CHBD_frFR818FR818&oq=cac+40&aqs=chrome..69i57j0l5.1840j0j7&sourceid=chrome&ie=UTF-8
I didn't check The US Stock market but I am quite sure to see the same graph pattern, here I take as an example Johnson & Johnson & Philip Morris International Inc
https://money.cnn.com/quote/quote.html?symb=PM
https://money.cnn.com/quote/quote.html?symb=JNJ
The gold price got a similar crash last week within a 3-4 days period and then recover back within a week.
https://www.bullionvault.com/gold-price-chart.do
The CAC 40 benchmark is showing the same trend AND the same days
https://www.google.com/search?q=cac+40&rlz=1C1CHBD_frFR818FR818&oq=cac+40&aqs=chrome..69i57j0l5.1840j0j7&sourceid=chrome&ie=UTF-8
I didn't check The US Stock market but I am quite sure to see the same graph pattern, here I take as an example Johnson & Johnson & Philip Morris International Inc
https://money.cnn.com/quote/quote.html?symb=PM
https://money.cnn.com/quote/quote.html?symb=JNJ
In the Stock markets, economist says their "correction is not finished yet" by the way
It is for sure that is a manipulation and there's a group of greedy people to make the market worse. They don't care about reputation of crypto currencies and develepment of crypto market. They are aiming to win more and more by manipulating market.
If the crypto market isn't the only one then it's not a bad thing since it also means it can recover, the same way other markets can recover. I don't believe the crash has been caused by the BCH fork, otherwise, we would see a crash very trimester.
It's definitely true that crypto isn't the only asset class correcting, but it's somewhat interesting that while crypto is being praised by people to not be correlated with the traditional markets, it actually has been for a while.At what point we start to use other words to describe the downfall besides " correction" ?
I dont thin kthat this is the correct time to use word " correction" , this is complete crash and panic selling, at the moment we are testing the low of ~4300 in BTC and ETH we are heading towards 100$.
Well, this matter is contemporary that nobody knows until when this bearish cryptos end.
Precisely, the manipulator laughing of peoples action were panic takes them to get rid their bitcoin.
In case whales are the persons behind this, then I assumed that they are the right person to change the momentum.
Still the question remains "when"?
Precisely, the manipulator laughing of peoples action were panic takes them to get rid their bitcoin.
In case whales are the persons behind this, then I assumed that they are the right person to change the momentum.
Still the question remains "when"?
My belief is that the crash was induced by market manipulation. Group of people who holds some amount of BTC sells their BTC on coinbase or/and other exchnages to get market in red. In the same time they have leveraged postions on other exchnages with short postions. This is relativly easilt done bceause btc volume is small and therefore they dont ned a lot of money . the rest what happened was panic of the market. Its hard to tell wether it is healthy, it shacked of a lot of investors whihc have lost a ton of money but who will come and take their place..
I agreed. This is the biggest manipulation to get multiple profits. I was told by a trader who has been trading in crypto and forex, that big players are not afraid to experience losses at the beginning to gain multiple profits. We can see the panic of the holders and be aware of the current trading
Guys, guys. Let’s turn our heads from cryptos and have a thought about world economy. We are slowly falling in to recession. Basically all markets and indexes are losing a !!couple of percents!! daily/weekly. For traditional markets that is unacceptable and will sure lead to crash. Don’t want to sound pessimistic but BTC well below 5k is a very stable sign of weak economy and diminishing cash flows. My advice is just to wait till Jan.
If we are falling into recession then there's a good chance the money flow will look even worse in January.
On the other hand some may use Bitcoin as safe haven for their funds, who knows?
Just again, I want to point out that January may be as good or bad as any other moment.
Guys, guys. Let’s turn our heads from cryptos and have a thought about world economy. We are slowly falling in to recession. Basically all markets and indexes are losing a !!couple of percents!! daily/weekly. For traditional markets that is unacceptable and will sure lead to crash. Don’t want to sound pessimistic but BTC well below 5k is a very stable sign of weak economy and diminishing cash flows. My advice is just to wait till Jan.
I'd say it's impossible to fully say what caused the first crash when Bitcoin was around $6,500. The price of Bitcoin always has a strong domino effect so when it starts going up everyone starts buying it making the price shoot up, but when there's even just a small crash everyone starts to panic sell. It's very possible when there's a small normal crash people's fear turn it into something a lot bigger.
This crash occurs quite quickly and lasts quite a long time because Crypto has no power on real economics. I mean crypto doesn't have a functional value for real goods which makes it nothing more than an investment in the internet. I hope crypto will rise soon, but I think it's difficult because if crypto doesn't have functional power on real economics, crypto will have a hard time going up. but back again, we also don't know what will happen.
I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
They say that this was due to market manipulation of the big whales charge to bearish market and the weak hands or the panic people falls to it making the big whales well feed by them. I like to believed it to start the bulliish thing if there is and if bullish run will be triggered by this recent crash then it will be very fortunate to those who holds.
If the crypto market isn't the only one then it's not a bad thing since it also means it can recover, the same way other markets can recover. I don't believe the crash has been caused by the BCH fork, otherwise, we would see a crash very trimester.
It's definitely true that crypto isn't the only asset class correcting, but it's somewhat interesting that while crypto is being praised by people to not be correlated with the traditional markets, it actually has been for a while.It really seems that anything that fits in the category speculation is being dumped because investors aim to park capital in that what they think offers more solidity, and I honestly can't blame them for that.
Regarding BCH, I don't consider that to be anything worth looking at, but if enough investors and traders think it does matter, then it will matter. It's the power of the mass that counts at the end of the day, and the mass is in full panic mode.
Anyone about this https://bitcointalksearch.org/topic/m.48128287 If the crypto market isn't the only one then it's not a bad thing since it also means it can recover, the same way other markets can recover. I don't believe the crash has been caused by the BCH fork, otherwise, we would see a crash very trimester.
As for me the market is still healthy even we see the red and downfall.
I think one of the main reason of the slide is the Fork of Bitcoin cash.
For now we dont need to panic, we just need to bag more and wait for the rise.
Who must be careful? those who get the BCH for the FORK. once everything is fine BTC will be back and there will be a fall from other.
I think one of the main reason of the slide is the Fork of Bitcoin cash.
For now we dont need to panic, we just need to bag more and wait for the rise.
Who must be careful? those who get the BCH for the FORK. once everything is fine BTC will be back and there will be a fall from other.
my observation is that this drop was due to manipulation and not much else. it started by CSW's lies about dumping bitcoin and continued by whales taking advantage and dumping bitcoin.
the situation was also perfectly ready for such a drop because of the stability which made everyone bored and most traders to leave the market.
the situation was also perfectly ready for such a drop because of the stability which made everyone bored and most traders to leave the market.
I would add something to this: some speculators that bought in with the hope for good news from BAKKT may have heard the news early and profited on the BCH split to sell. (They'll buy back cheaper and will be ready in January for BAKKT again.) I don't say that ETF and BAKKT are serious subjects, however I expect some may speculate around it.
And I think that there are other causes too, including the rather new troubles the Chinese government did to the miner companies.
So while my opinion is also that the current price drop is heavily linked to speculation, I think that there are multiple speculation "vectors" that combined this time for the worse.
I believe its a combination of a few factors,
1. Correction
2. Cycle
3. Manipulation
These three small factors have a huge impact on the market, its happened to the stock market as well, people are mass selling because they see the price of crypto falling down, kinda the same what happened when China bought BTC and the price rose up to 1200$ back in the days. We are now in the anger fase and try to blame it on someone or some entitie(s) e.g goverments/banks. My advice buy them while they are on sale because the next time we hit a cycle may be over 10 years. Its a opportunity to make profits.
Also people here in the west need to use bitcoin more. It needs to go in circulation, only then you will see bitcoin and other related coins its fully potential. Then crypto's will have a true value other than making money, but an other alternative for cash.
1. Correction
2. Cycle
3. Manipulation
These three small factors have a huge impact on the market, its happened to the stock market as well, people are mass selling because they see the price of crypto falling down, kinda the same what happened when China bought BTC and the price rose up to 1200$ back in the days. We are now in the anger fase and try to blame it on someone or some entitie(s) e.g goverments/banks. My advice buy them while they are on sale because the next time we hit a cycle may be over 10 years. Its a opportunity to make profits.
Also people here in the west need to use bitcoin more. It needs to go in circulation, only then you will see bitcoin and other related coins its fully potential. Then crypto's will have a true value other than making money, but an other alternative for cash.
What are your thoughts on this subject? What caused it,
my observation is that this drop was due to manipulation and not much else. it started by CSW's lies about dumping bitcoin and continued by whales taking advantage and dumping bitcoin.
the situation was also perfectly ready for such a drop because of the stability which made everyone bored and most traders to leave the market.
Quote
is it healthy for the long term,
absolutely not. volatility like this is never good for bitcoin's image specially when it is volatility out of nowhere and due to manipulation.Quote
when do you expect to see the price back again?
as i said in another topic i think it depends on the the performance of bitcoin in the following month. if it under performs or drops more then we can expect most of 2019 to be the same boring market too. but if it ends this month we can see 2019 to be a bull run year.
My belief is that the crash was induced by market manipulation. Group of people who holds some amount of BTC sells their BTC on coinbase or/and other exchnages to get market in red. In the same time they have leveraged postions on other exchnages with short postions. This is relativly easilt done bceause btc volume is small and therefore they dont ned a lot of money . the rest what happened was panic of the market. Its hard to tell wether it is healthy, it shacked of a lot of investors whihc have lost a ton of money but who will come and take their place..
I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
I have quite a lot of thoughts on the market situation now. I am really sad and quite happy. Because now the price of the altcoins was cheaper than I expected and this is the opportunity for me. But now I'm feeling our market is being driven by big guys. This market is not for me, those who want to invest in value. The altcoins really have no responsibility in developing and have let the organization manipulate. That is the saddest thing I want to say. What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
Well it was said that Bitcoin price crash due to Bitcoin Cash ABC and Bitcoin Cash SV. But I think we have been played all along and I have a theory that CW has been planning this for so long and might even colluding with other crypto websites as well to create waves of FUD article like this one.
https://www.ccn.com/crypto-investors-who-bought-bitcoin-at-1000-are-now-starting-to-sell/
So there's definitely some colluding from behind to really make the market worse. I will say that its not over yet, I'm expecting some investors are still going to pull the plug, so personally we can still go deep in the next couple of weeks. If everything settles down in a month or two then probably the first quarter will be a big test to see if the bulls will start to show and flex its muscle, otherwise it will be a big uphill battle unless some positive news like the Bitcoin ETF or Bakkt can turn things around.
I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?
I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.
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