What do you think about this? - page 3.

Ayaancool

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Quote from: investorss on March 08, 2018, 12:12:55 PM

Bitcoin collapsed down by as much as $ 1000 per hour and a similar reaction for the other altcoyins followed. What are the reasons for this is not yet known. Most likely the general unfavorable news flow.
Applying sanctions to several crypto-exchange exchanges in Japan (until closing).

I think the sudden crisis and the continuous diminishing value make the butcoiners panic , because of the fear about risk most of them sell their bitcoins on a low price.

LeGaulois

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Quote from: grimesrhymes on March 08, 2018, 01:06:36 PM

Quote from: investorss on March 08, 2018, 12:12:55 PM

Bitcoin collapsed down by as much as $ 1000 per hour and a similar reaction for the other altcoyins followed. What are the reasons for this is not yet known. Most likely the general unfavorable news flow.
Applying sanctions to several crypto-exchange exchanges in Japan (until closing).

There are a number of reasons and they are pretty well known.

Binance was exposed.

Mt Gox funds were sold to the market and contributed in large parts to the previous dips.

Japan (you hinted at this) is imposing some stricter regulation on exchanges and forcing some to shut down until they have better security measures in place.

US rulings around cryptocurrencies functioning as securities and needing to be regulated as such by the SEC.

Try to use your brain before making up some stories. What is the OP talking is back to 3 months, what Binance has to do with it? the hack? Binance sell-off was from malicious trading bot...
Japan isn't imposing strict regulations, you just repeat the FUD you read on the internet without knowing what's going on.
Japan like the SEC is just asking for improved exchange security

grimesrhymes

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Quote from: investorss on March 08, 2018, 12:12:55 PM

Bitcoin collapsed down by as much as $ 1000 per hour and a similar reaction for the other altcoyins followed. What are the reasons for this is not yet known. Most likely the general unfavorable news flow.
Applying sanctions to several crypto-exchange exchanges in Japan (until closing).

There are a number of reasons and they are pretty well known.

Binance was exposed.

Mt Gox funds were sold to the market and contributed in large parts to the previous dips.

Japan (you hinted at this) is imposing some stricter regulation on exchanges and forcing some to shut down until they have better security measures in place.

US rulings around cryptocurrencies functioning as securities and needing to be regulated as such by the SEC.

Fazlurkhan.kz

full member

Activity: 266

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A huge withdrawal or dump of bitcoin. People panic selling, FUD, fake news. A lot of factors affect bitcoins bubble burst. But believing in it and continue hodling it for long is the way to success in bitcoin and supporting it. Even if bitcoin falls really low, invest more and wait for bitcoins magic to happen! It'll fascinate you for sure if you're new here.
Avoid getting tensed by hearing fake news, focus on finding and learning more about bitcoin.

jaydendanel768

newbie

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Yes. Its totally fake news. What is your prof!

boy130

sr. member

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It was caused by FUD surrounding an apparent Binance hack. Supposedly accounts were being compromised and making transactions without the owners permission. However, it turns out the transfers were just a software glitch, but the market still hasn't completely recovered.

CryptoFanholic

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Quote from: Sahyadri on March 08, 2018, 12:42:36 PM

Quote from: investorss on March 08, 2018, 12:12:55 PM

Bitcoin collapsed down by as much as $ 1000 per hour and a similar reaction for the other altcoyins followed. What are the reasons for this is not yet known. Most likely the general unfavorable news flow.
Applying sanctions to several crypto-exchange exchanges in Japan (until closing).

Nobuaki Kobayashi, a Bitcoin whale, tweeted that he sold almost $400 million worth of Bitcoins in last 6 months. Added to that, the automatic trading APIs on Binance were manipulated which resulted in selling of altcoins from people's accounts and bots automatically bought VIA coin. This resulted in the rumor of Binance hack which in turn brought the negative sentiment and hence a FUD. Since, it was all rumor and charts were showing bullish signs, Bitcoin will recover back.

yeah i too followed these issues .. wish bitcoin rises rapidly

frowsiter

sr. member

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Quote from: leath08 on March 08, 2018, 12:29:25 PM

Probably fake news, people panic selling, people selling for profit then buying back when price is low.

We cant say that surely if people are really selling for getting the profits or whether they are really going with this strategy.

I know the panic sell is going on for sure but im not sure if they are selling to do the "buyback"! The news is fake, yeah we don't know yet at all. If the news is fake then this is bad the people are believing such FUD's and working on their sells strategy !

They should not be dependent upon that one, they should be strong in such situations really.

Sahyadri

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Quote from: investorss on March 08, 2018, 12:12:55 PM

Bitcoin collapsed down by as much as $ 1000 per hour and a similar reaction for the other altcoyins followed. What are the reasons for this is not yet known. Most likely the general unfavorable news flow.
Applying sanctions to several crypto-exchange exchanges in Japan (until closing).

Nobuaki Kobayashi, a Bitcoin whale, tweeted that he sold almost $400 million worth of Bitcoins in last 6 months. Added to that, the automatic trading APIs on Binance were manipulated which resulted in selling of altcoins from people's accounts and bots automatically bought VIA coin. This resulted in the rumor of Binance hack which in turn brought the negative sentiment and hence a FUD. Since, it was all rumor and charts were showing bullish signs, Bitcoin will recover back.

kynaz

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Quote from: leath08 on March 08, 2018, 12:29:25 PM

Probably fake news, people panic selling, people selling for profit then buying back when price is low.

That is happening often. Billionaires often abuse the news to scare investors with little experience. That would cause them to lose all their assets or lose a lot of money.
So investing in altcoins is really risky, we should be careful about the news related to cryptocurrency. When I realized the truth, I dared not invest in long-term altcoins anymore. Instead, I invested in short-term and made less money, but more secure for my assets.

Meraki

full member

Activity: 448

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Reason is that FUD are still here, so much fake information that lurking around the net thus it makes people panic that result in dumping their coins. If all the FUDs will get cleared after 2018 we can expect a healthier and Good market, but i think it will hard to happen.

leath08

newbie

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Probably fake news, people panic selling, people selling for profit then buying back when price is low.

investorss

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Bitcoin collapsed down by as much as $ 1000 per hour and a similar reaction for the other altcoyins followed. What are the reasons for this is not yet known. Most likely the general unfavorable news flow.
Applying sanctions to several crypto-exchange exchanges in Japan (until closing).

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