What is the reason behind the current crash? - page 2.

Denker

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Quote from: zhekinsp on March 09, 2018, 12:11:37 AM

Today the price of bitcoin crashed again $1000 and it is currently valued under $9000,and still falling so can you explain me what is the reasons behind it.I don't think BInance hack rumors is the reason because ceo of binance already told that all funds are safe.Then what causes this price fall?

It's a bunch of reasons.
The Mt.Gox coins selling. The statement by the SEC regarding ICOs and exchanges for more regulations. The genereal market sentiment seems to be more bearish as some expected to be. The Binance situation may just triggered the actual dump, but I'm pretty sure it would have happened nonetheless.
We probably need some more months of consolidation. Don't expect too much this year in terms of price. Sure if we go up make new highs, wonderful. But I wouldn't count on that. Absolutely not.

timerland

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Quote from: zhekinsp on March 09, 2018, 12:11:37 AM

Today the price of bitcoin crashed again $1000 and it is currently valued under $9000,and still falling so can you explain me what is the reasons behind it.I don't think BInance hack rumors is the reason because ceo of binance already told that all funds are safe.Then what causes this price fall?

That's what the CEO claims. Nothing to back it up, really.

People are panicking at this stage. In addition to Binance, they are also worried about a wide range of other things that just coincidentally came out in around the same time that triggered this significant drop in price both today and yesterday.

e.g. Mt Gox supposedly dumping their stash, SEC's new regulations, as well as the potential binance hack.

$9k didn't hold, but I expect $8k to somewhat hold. Could potentially still go down to $7k or so before stability, though.

semobo

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Quote from: zhekinsp on March 09, 2018, 12:11:37 AM

Today the price of bitcoin crashed again $1000 and it is currently valued under $9000,and still falling so can you explain me what is the reasons behind it.I don't think BInance hack rumors is the reason because ceo of binance already told that all funds are safe.Then what causes this price fall?

I really don't know why the bitcoin price is crashing again but I think the price will fall more and people keep saying it will hit under $7K again,so it will create the FUD and will result in the price crash.

airdagon

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Quote from: Biodom on March 09, 2018, 12:27:17 AM

Quote from: zhekinsp on March 09, 2018, 12:11:37 AM

Today the price of bitcoin crashed again $1000 and it is currently valued under $9000,and still falling so can you explain me what is the reasons behind it.I don't think BInance hack rumors is the reason because ceo of binance already told that all funds are safe.Then what causes this price fall?

market is scared of Kobayashi who will be proven (in time) to be as adept in trading as BOE was (which sold gold for $250).

Yes, it is true!
IMO in the next month we will be back as usual and the price will look back to normal.
we just need to fix small mistakes, so that we always be given a profit.
this situation makes traders panic, but this is very profitable for investors.

Biodom

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Quote from: zhekinsp on March 09, 2018, 12:11:37 AM

Today the price of bitcoin crashed again $1000 and it is currently valued under $9000,and still falling so can you explain me what is the reasons behind it.I don't think BInance hack rumors is the reason because ceo of binance already told that all funds are safe.Then what causes this price fall?

market is scared of Kobayashi who will be proven (in time) to be as adept in trading as BOE was (which sold gold for $250).

zhekinsp

full member

Activity: 882

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Today the price of bitcoin crashed again $1000 and it is currently valued under $9000,and still falling so can you explain me what is the reasons behind it.I don't think BInance hack rumors is the reason because ceo of binance already told that all funds are safe.Then what causes this price fall?

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