Topic: Why does bitcoin crash occasionally? - page 6. (Read 812 times)
As far as i am concerned this crash is very healthy for BTC.Because many people were indulge in undervaluing BTC that its a bubble and can blow any time and the investors investment will go waste.Right now it went through dip by 30% and interestingly its recovering and soaring again,gaining lost Courage of investors that despite 30% dip it has recovered so quickly and shut down the rumors of bubble and blow.If you carefully see the history of other cryptocurrencies you will implicate that after dip it takes long time for them to pump up or finally crash.Its BTC who endured a huge jerk and moving up and sustaining its reputation.So finally i can say very proudly that this crash is very helpful & fruitful for potential buyer.After 30% crash people will not think to invest in it for long.Its my analysis for BTC..
The volume of bitcoin is very low? Seriously? do you even know how many volume does it has? It is changing everyday, you clearly do not understand a shit about cryptos..
It's normal because the volume is very low.
If the volume gets larger then the amount of coins being sold should increase also.
If the volume gets larger then the amount of coins being sold should increase also.
The news that come up of recent is enough to crash the price of bitcoin but from the look of things the traders, miners and exchangers owners from that country will fine a way out so just relax.
There are plenty of reasons why Bitcoin crash sometimes. When Bitcoin gains a lot of attention, its price tends to surge. Most of the people want to cash out - usually large amounts of money which generally leads to huge panic and decrease in price. Sometimes people are afraid of upcoming hard forks (Bcash and SegWit2x are a good example) or just something bad happened e.g. China claimed to ban Bitcoin. These crashes are definitely healthy for Bitcoin and our community.
Asia, main movers of crypto currency has been tough on crypto traders recently as a result of new government policies. Traders in these areas are out of fear selling their coins massively is the major reason for bitcoin recent crash.
So, as many of you are painfully aware, bitcoin crashed around 30% over a couple of days, reportedly due to regulatory pressures in Asia, and a potential ban in China due to energy wastage and tax evasion risks etc. Reports suggest that China contributes as much as 70% of the worldwide hashing power, and yet we only saw a 30% drop.
Source: Report: PBoC Quashes Bitcoin Mining Ban Rumor in China
Furthermore, we saw 30%+ drops in other cryptos, even unminable, non-decentralized ones. So, conspiracy theorists, why do you think bitcoin really suffers these sporadic crashes, could it be large-scale market manipulation? Or is it simply FUD leading to a wide-spread panic selling?
We could not assure that the main reason why bitcoin getting crash these few weeks, maybe it's because of china's down full from their miner and also banning in other countries just like Indonesia and South Korea. Or another reason it's being normal of bitcoin crashing down it because of being volatile it may fluctuated by itself high and low price movement. This is not first time crashing out with bitcoin then in this scenario now i did not surprised besides i keep holding on bitcoin. Source: Report: PBoC Quashes Bitcoin Mining Ban Rumor in China
Furthermore, we saw 30%+ drops in other cryptos, even unminable, non-decentralized ones. So, conspiracy theorists, why do you think bitcoin really suffers these sporadic crashes, could it be large-scale market manipulation? Or is it simply FUD leading to a wide-spread panic selling?
Recently bitcoins prices increased a lot in very small period of time within 1 year bitcoins prices went from $900 to almost $20k so this drop in price was merely because of correction of the bitcoins price.And as bitcoins is very volatile in nature it's price gets affected alot from many things.
No one dares to place themselves on the long run with all the bad news, and that's where we see that bitcoin is primarily a trading tool and not a currency
UPs and Downs are normal in Cryptocurrency.
It's normal because the volume is very low.If the volume gets larger then the amount of coins being sold should increase also.
The bitcoin price sometimes goes down quickly because too many people want to sell at the same time.
They do that when they are driven by fear.
In most cases that fear is triggered by news that indicate problems on the market of crypto currencies.
There is as well the theory of big players dumping coins in order to create a massive over supply on the market.
Theat leads to a low bitcoin price as well, where the big players buy back, only cheaper. I am not sure if players with such large amount of coins still exist.
A pure pump and dump sceme like we know it from smaller coins, I think bitcoin is too big for that.
They do that when they are driven by fear.
In most cases that fear is triggered by news that indicate problems on the market of crypto currencies.
There is as well the theory of big players dumping coins in order to create a massive over supply on the market.
Theat leads to a low bitcoin price as well, where the big players buy back, only cheaper. I am not sure if players with such large amount of coins still exist.
A pure pump and dump sceme like we know it from smaller coins, I think bitcoin is too big for that.
crash needed after very long time increasing this is normally and healthy for market.
market need some correction after rising for very long time.
last correction happen because south Korea ban exchange sites.
market need some correction after rising for very long time.
last correction happen because south Korea ban exchange sites.
Usually crashes are the result of manipulation and market being tired of going up. People are starting to have second thoughts and are prone to selling. If at the same time somebody spreads fake news like the one about Korea banning Bitcoin you got yourself a huge selloff.
I think it's a mix of both of those things (market manipulation and fud). Although the cryptomarketcap looks huge to the common people, the truth is that those values are quite small, if we compare them to the marketcap of stocks, gold, or any other solid assets. I won't even dare to compare it to fiat marketcap, since crypto want to work as currencies. So yes, they can be easily manipulated. Whales can put walls and lock the price at a certain point. Then they take advantage of the news that could lead the price up or down, and the price ends up moving the way they want. Even if people don't want to go into the fud, and start buying, they price wont go up because of the walls, and since there are a lot of people selling as well because of the news, and there is not clear support, we will see the price go down. This will generate more panic sell, and we have those big dips.
Low liquidity and market manipulation, are in fact the reasons appointed by SEC for not releasing ETFs right now. The crypto markets still need to mature a lot more, before they can deliver what they are promising.
Low liquidity and market manipulation, are in fact the reasons appointed by SEC for not releasing ETFs right now. The crypto markets still need to mature a lot more, before they can deliver what they are promising.
UPs and Downs are normal in Cryptocurrency.
Furthermore, we saw 30%+ drops in other cryptos, even unminable, non-decentralized ones. So, conspiracy theorists, why do you think bitcoin really suffers these sporadic crashes, could it be large-scale market manipulation? Or is it simply FUD leading to a wide-spread panic selling?
I think that the primary reason of the current high volatility of Bitcoin is the rumors from the South Korea. The situation is nervous, therefore some people commit a panic sales. 
There’s one specific reason to it and that is the structure of bitcoin investments all along.. The demand and supply thing that can be triggered with many continuous or simultaneous factors or even a single one that makes the investor especially the new one’s who is more vulnerable to this kind of propaganda’s and bad imaging.. It will not change even if this will go mainstream as competition is always present..
It is normal and usual of this month. You can also compare this trend with the last year.
Fear of the bubble bursting i think was a factor in the correction we had last week.
There was a lot of talk and hype about crypto being in a bubble which was going to burst,
Which didnt happen.
I think any major hype at all in the markets and a lot of people will jump on it.
We saw this before christmas when we almost got to 20k and we saw it again last week.
There was a lot of talk and hype about crypto being in a bubble which was going to burst,
Which didnt happen.
I think any major hype at all in the markets and a lot of people will jump on it.
We saw this before christmas when we almost got to 20k and we saw it again last week.
OK, let's assume the initial drop was due to people being scared that bitcoin is a bubble about to burst.. After that sudden drop the price had begun to recover, so why the drop now? Not only bitcoin, but pretty much every single altcoin is down by double digit percentages.
Fear of the bubble bursting i think was a factor in the correction we had last week.
There was a lot of talk and hype about crypto being in a bubble which was going to burst,
Which didnt happen.
I think any major hype at all in the markets and a lot of people will jump on it.
We saw this before christmas when we almost got to 20k and we saw it again last week.
There was a lot of talk and hype about crypto being in a bubble which was going to burst,
Which didnt happen.
I think any major hype at all in the markets and a lot of people will jump on it.
We saw this before christmas when we almost got to 20k and we saw it again last week.
After China closing their farm, South Korea ban and India freezing account of btc the price dip happened. Price dip is good for traders they gain more on it. I guess those anouncement from that huge crypto country is just to stare up the market. Prices will soon soar then.
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