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Topic: Why do you think the market is down right now? - page 6. (Read 4340 times)

legendary
Activity: 3276
Merit: 1128
Bitcoin and crypto market are controlling by big whales and they if start buying bitcoin then it's price will grow far from 25k but it is very difficult that we can recover market and coins price while in the whole year i did not see any big change. Market is cool because of the availability of bitcoin and ICO which is also a better option for various new technology.
I feel like I have been talking on the contrary to everyone for a long time now. Market IS NOT down right now. Yes it drops time to time but it also increases time to time. It was on a down right movement from december to june or may but in the end since it reached its low at 6k it has not been going low or high too much, yeah we saw 5.8k meanwhile but it went up and yes we have seen 7.2k as well but it went down. We are not in a downright movement on the market, we are just on a market that stands still and does nothing, sometimes it falls a bit and sometimes it goes up a bit but thats all.
full member
Activity: 420
Merit: 100
I don't think that whales wait, they are actively buying coins because prices are surprisingly low, that's absolutely in their favor.
member
Activity: 102
Merit: 13
Probably because whenever it goes slightly up everyone sells it because they think the Bitcoin fad is done and it will never go as high as it was in the previous years. Also, it might feel like it's not controlled by whales sort of control the market.

I also think so, unfortunately there are so many people in the deep loss so whenever things go into the green then these people try to reduce losses. Some might really need the money as they were in to deep, but most just don't have the patience it needs.
full member
Activity: 560
Merit: 101
The exact cause of the market is down no one knows for sure this is because the market is down right now no one is predicting it will go down like this, if I think the market is down due to the effects of the year falling in the middle of the year and back up at the end of the year and survive Until the beginning of the year
member
Activity: 80
Merit: 10
Unifying Knowledge For Faster Insight
The market is down because of numerous factors acting on the market at the same time. The market experienced attacks from governments after it hit Bitcoin hit $20K early of this year. The governments were scared of the kind of power Bitcoin could give to its users, hence decided to publish all kinds of bad news with the intention to create FUD in its investors and potential investors.

It would be really interesting to investigate what was the actual single biggest thing that happened which triggered the decline. I doubt it is related to governments mainly. Just before the decline Facebook and Google announced their ban, I think that was the beginning of the downward trend.
hero member
Activity: 812
Merit: 500
Fake news, rumors, banning of crypto in some countries are the main factors why the market is still down, and i  think it is not the right rime to pump the market.
member
Activity: 322
Merit: 16
is it all that is going on with regulations?

Big whales just waiting?

People do not believe in crypto anymore?

is it trouble in some countries in ASIA with laws and regulations?

from the 4 points above I might agree to the 2 things above it is true but at your point say "People do not believe in crypto anymore?" I feel that maybe people no longer trust crypto, but crypto needs new people who want to learn crypto or invest and trade in crypto, and for the sake of many Asian countries that have begun to make regulations on BTC also have an impact on crypto development itself, especially in the region asia, which I think is a lot of developing countries that should be able to accept new things to advance the economy, but they actually ban btc in their country Sad
legendary
Activity: 1218
Merit: 1000
the price of cryptocurrency at the exchange place is currently falling probably also due to bad news that made cryptocurrency prices fall because too many people panicked.
I dont know what is the exact reason why the market is continue to go down but if we can hold and just wait until.the market recover again we can assure ourself to make money again and i think the market will really go down but it will not be forever down or red.
when prices go down like this, I think this is normal. even this happens every year. the price of bitcoin is indeed very unstable, so when prices go down, it has become a natural thing, because sometimes people sell in large quantities. but of course that does not rule out the possibility that the price will rise again.
newbie
Activity: 41
Merit: 0
is it all that is going on with regulations?

Big whales just waiting?

People do not believe in crypto anymore?

is it trouble in some countries in ASIA with laws and regulations?
I don’t think it has anything to do with what’s going on in Asia, same things were happening in 2017 and price still continued to rise. Maybe it’s because whales has taken a break and looking for another opportunity to get in and pump again. The prediction was made several times last year and this is it. And market won’t continue to rise forever, there are also times it will fall.
newbie
Activity: 30
Merit: 0
Governments around the globe are starting to follow up on Bitcoin and digital currency controls, in light of the fact that many have over Bitcoin's security as a speculation and exchanging product. In spite of the market defeat merchants are less worried about these developments of cost and are not letting the regular Bitcoin variances get to them. Some are clarifying the present cost as still greatly positive, particularly in the event that one zooms out on the outlines and takes a gander at where Bitcoin is in the master plan.
The market is down due to many factors. Demand for bitcoin is very low because of the dip and volatility in the price. Miners also not making money because of the low price, due to this supply are also limited. Post of the investors withdrawn or converted their investment to Altcoin because they have lost big money in bitcoin. Now they do not trust bitcoin.
full member
Activity: 378
Merit: 100
the price of cryptocurrency at the exchange place is currently falling probably also due to bad news that made cryptocurrency prices fall because too many people panicked.
I dont know what is the exact reason why the market is continue to go down but if we can hold and just wait until.the market recover again we can assure ourself to make money again and i think the market will really go down but it will not be forever down or red.
member
Activity: 350
Merit: 10
Now comes the last Elliott correctional wave before the last ascending wave. Then there will be a fall of Bitcoin to 6000.
member
Activity: 210
Merit: 10
Market is down right now because, people are just complying with the current situation in the market by making panic sales instead of holding. When nobody sells, price will increase in an attempt to lure coin holders into selling. All coin holders should try as much as possible to hold if circumstances does not make them sell.
full member
Activity: 1134
Merit: 103
Probably because whenever it goes slightly up everyone sells it because they think the Bitcoin fad is done and it will never go as high as it was in the previous years. Also, it might feel like it's not controlled by whales sort of control the market.

Don't think in a different way because the price of Bitcoin will increase in the market for sure but now it is facing many issues with the price. As many people are thinking in the same way, now Bitcoin is in complete consolidation state which it may increase even higher value in the market.
full member
Activity: 546
Merit: 100
is it all that is going on with regulations?

Big whales just waiting?

People do not believe in crypto anymore?

is it trouble in some countries in ASIA with laws and regulations?

By all of the above arguments are correct and it is true that Asian countries have rigid laws and regulations while the people usage may be affected by the price of bitcoin and investors all the time they think about the crypto and regulations have changed people behavior for crypto.
sr. member
Activity: 1358
Merit: 259
PredX - AI-Powered Prediction Market
the price of cryptocurrency at the exchange place is currently falling probably also due to bad news that made cryptocurrency prices fall because too many people panicked.
copper member
Activity: 672
Merit: 270
Probably it because of etf issue and so many regulate and banning of crypto in every country in the world they did not trust crypto especially when it comes in security reason and taxes that they need in the government. Let's wait this december we see the movement of bitcoin.
The problem that facing it right now about banning of cryptocurrency in other country is the reason why market is down. Also I think market can recover its dumping because there's still a lot people are interested and trusted to it. Then possible it will pump before end of the year because some of crypto have potential to increased its value like Bitcoin and Ethereum.
jr. member
Activity: 252
Merit: 1
I think the market went down because there was so much counterfeit money, so many fraudulent ICO projects that scared investors. So the price of the whole crypto market has been affected, especially the price of eth has gone down a lot.
full member
Activity: 504
Merit: 105
Probably it because of etf issue and so many regulate and banning of crypto in every country in the world they did not trust crypto especially when it comes in security reason and taxes that they need in the government. Let's wait this december we see the movement of bitcoin.
newbie
Activity: 57
Merit: 0
Probably because whenever it goes slightly up everyone sells it because they think the Bitcoin fad is done and it will never go as high as it was in the previous years. Also, it might feel like it's not controlled by whales sort of control the market.
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