What started this bear trend? - page 2.

el kaka22

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Quote from: weeklyeth on May 29, 2018, 11:23:01 AM

Bitcoin bear market is due to the market cycle after serious of pump market consolidating for previous high and this is the nature of market there will be sudden high in prices and sudden low

Yes, any market movement that was not warranted for most especially when it is an upward movement that was fueled by greed and the fear of missing out, it is normal to see people panic easily when the trend starts changing. The market is generally volatile and it is something I expect people to have gotten used to by now and really nothing anyone can do about it than to either trade the trends or hold until they are making huge profit in the long run.

Always traders' sentiment alone plays the vital role in deciding the trend. After prices got doubled within a 25 days in last November month, everyone was expecting a reversal which might be the first trigger for this bear trend. When we are having the bear trend for more than 6 months, I guess traders will change that sentiment into bull trend. This may happen in coming day.

Tory-Tory

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The beginning of the bears market was caused by overheating and overbought in the cryptocurrency market. Of course there is manipulation in the market, otherwise it would be calmer and less volatile.

BitcoinCommodor

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Quote from: Cosbycoin on June 12, 2018, 06:22:23 AM

Quote from: bitgolden on June 10, 2018, 12:32:38 AM

Quote from: weeklyeth on May 29, 2018, 11:23:01 AM

Bitcoin bear market is due to the market cycle after serious of pump market consolidating for previous high and this is the nature of market there will be sudden high in prices and sudden low

News, market movement and all sort, will only affect those who allow the movement to affect them. Nevertheless, it is strange to see people investing for the sole reason of making quick profit when bitcoin is not a get rich quick scheme or the whole crypto environment but it is meant to be a way to invest in the future.

Nevertheless, I guess this is one of the things; we will have to keep seeing. Bear trend is normal and anything could have caused it but in general, we cannot expect a market to keep moving up without some corrections.

As far as I know about the crypto currencies, there is one thing which I am sure about and that is the ones who are patient are the ones who will be the richest persons because of the crypto currencies in this world and the ones who will remain hasty will never be able to make anything good and that they will lose their money most of the time. you need to make some proper strategy so that you can do the things in the right way.

If we look at the past, then we will get to know that similar things like that of the downfall in the market value of the crypto coins had happened in the past too but after that dump, the market values rise much higher and that I am very much sure that similar thing will happen this time too and that we will then be able to see much higher market rates which will help the investors in making more money.

Darklinkz

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Quote from: mundang on June 12, 2018, 09:57:10 PM

Mostly because of exchange hacking, and the rest is just fud. And this bear trend is so strong like it doenst want bitcoin to recover or maybe we dont know its just another trap by the bulls.

Or maybe there are just no new investors coming in and traders are just making short term trades now than making doing the HODL. We need more big players to turn this around the marketcap will just continue to dwindle.

mundang

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Mostly because of exchange hacking, and the rest is just fud. And this bear trend is so strong like it doenst want bitcoin to recover or maybe we dont know its just another trap by the bulls.

peter0425

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Quote from: Cryptoratty on June 12, 2018, 07:10:05 AM

A cryptocurrency exchange hack in South Korea has fueled a $46 billion rout and extended this year's Bitcoin slump to mor than 50% bloom.bg/2LGQqyh

I heard that there's a South Korean hacked, however, most of the people are saying that its not as big as other trading exchanges in South Korea that's why I was quite surprise if this is really the cause because the impact is huge. I will understand if its one of the well known exchanges, but its unknown. So I speculate that it has something to do with manipulation, someone just used this hacked as a catalyst to really crash the market and cause panic again so that they can purchase bitcoin at a cheap price and make this wallet fat again.

Cryptoratty

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A cryptocurrency exchange hack in South Korea has fueled a $46 billion rout and extended this year's Bitcoin slump to mor than 50% bloom.bg/2LGQqyh

Cosbycoin

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Quote from: bitgolden on June 10, 2018, 12:32:38 AM

Quote from: weeklyeth on May 29, 2018, 11:23:01 AM

Bitcoin bear market is due to the market cycle after serious of pump market consolidating for previous high and this is the nature of market there will be sudden high in prices and sudden low

News, market movement and all sort, will only affect those who allow the movement to affect them. Nevertheless, it is strange to see people investing for the sole reason of making quick profit when bitcoin is not a get rich quick scheme or the whole crypto environment but it is meant to be a way to invest in the future.

Nevertheless, I guess this is one of the things; we will have to keep seeing. Bear trend is normal and anything could have caused it but in general, we cannot expect a market to keep moving up without some corrections.

As far as I know about the crypto currencies, there is one thing which I am sure about and that is the ones who are patient are the ones who will be the richest persons because of the crypto currencies in this world and the ones who will remain hasty will never be able to make anything good and that they will lose their money most of the time. you need to make some proper strategy so that you can do the things in the right way.

samelvis

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I think its all a game plan of the market makers they want to buy the dip and sell the hype. So i guess its normal trend of cryptocurency

DumbLefty

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Hello most likely it was at the very beginning of the market. Now some coins have a huge capitalization and the rich will not just manage the price

@theman

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It seems to me that it is. Most likely we are completely dependent on the whales ' desire. And they decide whether the price will rise or fall.

etron

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Quote from: bitcoin2121 on May 24, 2018, 09:08:17 AM

Hello, I have been hearing many rumors going around saying the rich are manipulating the market? does this statement uphold its value?

not just rumors but it is likely that the news is true because the whales who destroyed their markets made a profit themselves and the victims were small traders, when they had profited and then left.

AbyssLagiaz

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Bear trend because of the manipulation of the whales or those who are rich? We can accept the fact that this whole game of crypto is because we're taking advantage of the pumped price that has been done by large investors or the whales. During the bear trends, it can be because of the seasons. Traders also have their own lives celebrating some occasions then because of that occasion they intend to use their side profit from cryptos rather than their own net profit from their own respective jobs.

Because cryptos are quite accessible globally, everyone has their own choice to sell. Now that sell turns coins into dumped coins hereby increasing the supply. Now because the supply is increasing where it becomes higher than the demand, the price tend to dip in certain occasions.

bitgolden

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Quote from: weeklyeth on May 29, 2018, 11:23:01 AM

Bitcoin bear market is due to the market cycle after serious of pump market consolidating for previous high and this is the nature of market there will be sudden high in prices and sudden low

News, market movement and all sort, will only affect those who allow the movement to affect them. Nevertheless, it is strange to see people investing for the sole reason of making quick profit when bitcoin is not a get rich quick scheme or the whole crypto environment but it is meant to be a way to invest in the future.

Nevertheless, I guess this is one of the things; we will have to keep seeing. Bear trend is normal and anything could have caused it but in general, we cannot expect a market to keep moving up without some corrections.

BaraxLo

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Quote from: ?? on ??

Everybody have been ready to start to the moon after Consensus, but marketmaker dont think so.

Lol. I guess market maker are still trying to have a filled day trying to drive it a bit downward to get to hold more position for the long run before thinking of the moon. Well, we are here and that is one thing we may just have to live with.

However, the bear trend was inevitable after the unnecessary FOMO last year, so we just have to wait to see how the recovery phase is going to be like or how far we go lower as time only can give us the answer.

Osarman

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Quote from: bitcoin2121 on May 24, 2018, 09:08:17 AM

Hello, I have been hearing many rumors going around saying the rich are manipulating the market? does this statement uphold its value?

Well, the statement actually holds! Let's face one thing, the whales rule the market one way or the other, and this is still a very small market with so many inexperienced traders that makes it easy for them to manipulate as that is where they simply get their own bucks.

Anyway, we cannot run from it and we will just have to accept how things are and even though some may not like the idea, but there would always be market makers.

Willitivity

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The biggest problem is the manipulation from whales who dump at higher prices and buy back during dips.
And again the market is just so delicate and fragile, whatever small news turns to FUD, put people in panic mood and everyone will start selling off like an apocalypse is coming.

Methazo

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It's interesting how some news of hard forking coins to prevent ASICs from mining brings out all of the secret ASICs on the market.

b1marlin

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Quote from: bitcoin2121 on May 24, 2018, 09:08:17 AM

Hello, I have been hearing many rumors going around saying the rich are manipulating the market? does this statement uphold its value?

whales are releasing their holdings and buy back at low.
many countries want to regulate the capability and manipulate many cryptocurrency especially bitcoin.
FUD and fake news make people panic.

blackandred

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i think there are the following factors . 1. Mtgox is selling bitcoin in bulk . 2. upbit was investigated by the government.(south Korea's largest exchange) centralized exchanges often have problems . hope they are eliminated .

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