Topic: Why is the Bitcoin Market Crashing? - page 2. (Read 519 times)
legendary
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Bitcoin market is crashing because of the news that have been spreading across the internet. News greatly affect the price of bitcoin and now that there are some negative news being spread like the Mt. Gox hacking, the binance issue etc. Cryptocurrency will bounce back maybe after some months if there are some positive news in the internet.
The cause of market crashes is the emergence of FUD news in some countries that want to make specific rules about bitcoin so many of the holders of digital assets such as bitcoin panic to sell it and cause bitcoin prices to continue to decline. I do not know how long this decline will continue and I do not know when bitcoin prices will rise again, maybe bitcoin prices will recover after good news affecting the bitcoin movement like the return of people's trust to buy bitcoin as a viable digital asset to be invested either in the near term or for a long term.
There's been so many FUD the past few days. One of them is the binance API hacking, we all know binance is a reputable exchange, so people might have been mute about their accounts.
Why is the bitcoin market crashing?
When will the cryptocurrency market bounce back?
When will the cryptocurrency market bounce back?
I see it as normal fluctation and probably a lot of people getting out due to the massive media against crypto.
Why is the bitcoin market crashing?
When will the cryptocurrency market bounce back?
When will the cryptocurrency market bounce back?
I think it's all about the MT.Gox dumping their shares in the market.this is not going to be long term and it will bounce back within a few weeks, so bear with it or if you are not comfortable, you can join the bandwagon and cry later.
The crypto market is crashing, because it seems that governments (lobbied by banks) will regulate worldwide. Investors are afraid that cryptocurrencies will no longer be decentralized. All crypto transactions will be taxed and are no longer anonymous. This is why the price of most cryptocurrencies is dropping.
It could be true but i really don't think that is the main reason. There is nothing wrong with regulation, and people would get used to that. Crypto is not here to allow us to avoid paying taxes. It's here to allow us to make payments all over the world, with a safe and decentralized coin, that is not influenced by any country's economy, and without the need for a third party to provide trust to our payments. Trying to use crypto to avoid paying taxes, is the same as saying that those who claim that crypto is used to illicit activities are correct.
I really think the the MtGox coins being sold, have a lot to do with this dump.
And the worst part?
The Mt. Gox lawyer or trustee has still have a chunk of bitcoin to offload and unless he can be stop he will continue to do so without regards to the current market situation and will result to the price going deep.
There have been numerous suggestions in reddit that he should go OTC or even contact someone from big trading platforms so that he can "properly" dispose it in the right manner, not like dumping it hard which put a lot of pressure on everyone to hold or push the panic button and sell.
Yes, you are entirely correct, and this is really bad behavior, but at least we now have a very strong reason for the price dump we have been seeing lately. Of course that are probably some other reasons behind it, but if this is the main one, and as soon as people start understanding it, the dump should be more controlled because maybe people will not follow the dump and panic sell their coins.
Of course that even if they keep doing it, there will be others that will take the opportunity to just buy every dump it's made, because they understand that there is nothing wrong with bitcoin so we should be fine.
The crypto market is crashing, because it seems that governments (lobbied by banks) will regulate worldwide. Investors are afraid that cryptocurrencies will no longer be decentralized. All crypto transactions will be taxed and are no longer anonymous. This is why the price of most cryptocurrencies is dropping.
It could be true but i really don't think that is the main reason. There is nothing wrong with regulation, and people would get used to that. Crypto is not here to allow us to avoid paying taxes. It's here to allow us to make payments all over the world, with a safe and decentralized coin, that is not influenced by any country's economy, and without the need for a third party to provide trust to our payments. Trying to use crypto to avoid paying taxes, is the same as saying that those who claim that crypto is used to illicit activities are correct.
I really think the the MtGox coins being sold, have a lot to do with this dump.
And the worst part?
The Mt. Gox lawyer or trustee has still have a chunk of bitcoin to offload and unless he can be stop he will continue to do so without regards to the current market situation and will result to the price going deep.
There have been numerous suggestions in reddit that he should go OTC or even contact someone from big trading platforms so that he can "properly" dispose it in the right manner, not like dumping it hard which put a lot of pressure on everyone to hold or push the panic button and sell.
The crypto market is crashing, because it seems that governments (lobbied by banks) will regulate worldwide. Investors are afraid that cryptocurrencies will no longer be decentralized. All crypto transactions will be taxed and are no longer anonymous. This is why the price of most cryptocurrencies is dropping.
It could be true but i really don't think that is the main reason. There is nothing wrong with regulation, and people would get used to that. Crypto is not here to allow us to avoid paying taxes. It's here to allow us to make payments all over the world, with a safe and decentralized coin, that is not influenced by any country's economy, and without the need for a third party to provide trust to our payments. Trying to use crypto to avoid paying taxes, is the same as saying that those who claim that crypto is used to illicit activities are correct.
I really think the the MtGox coins being sold, have a lot to do with this dump.
Crashing is natural behavior of cryptocurrency I think, cryptocurrency price always going up and down it's nature of bitcoin and other cryptocurrencies! some peoples can responsible for crashing btc but it's not a main reason for price dropping.
Why is the bitcoin market crashing?
When will the cryptocurrency market bounce back?
When will the cryptocurrency market bounce back?
Current crashes are due to the unrelenting rumors that Binance, a famous cryptocurrency exchange was hacked, even though the exchange itself denounced it as fake news.
It will take quite some time for the cryptocurrency market to rebound as everything seems to be in the red zone but Bitcoin can be expected to bounce back the fastest.
The crypto market is crashing, because it seems that governments (lobbied by banks) will regulate worldwide. Investors are afraid that cryptocurrencies will no longer be decentralized. All crypto transactions will be taxed and are no longer anonymous. This is why the price of most cryptocurrencies is dropping.
How are they going to charge each transaction a tax? the technology is not setup to report every transaction to some central source, why say lies?
Why do you come here to tell lies honestly?bitcoin can not be centralized, if you want to go and use that lightning network then you may have some problems
I don't see any news about regulating cryptos. What they want to do is regulate "exchanges" because apparently the SEC has a monopoly on the word "exchange". I always knew this would happen because I like to collect (real) coins. If you call a coin shop a "coin exchange" the SEC will sue you...so you call it a coin shop. Eventually all the decentralized "exchanges" will change their names to something else, since that mostly stops the problem (along with limiting transactions to $5k per whatever time period). The centralized exchanges will likely choose to become SEC regulated or be bought by banks that will help handle that for them a la coinbase.
Will it bounce back is a better question but my guess is the word got out about the crazy transactions costs
from the miners hitting $55 ...
The miners don't set the transaction costs. Transaction fees are set by the users (which include exchanges) who make the transactions, or by the wallet software on their behalf. from the miners hitting $55 ...
There's been some new word about regulations of cryptocurrency, possibly affecting the way its taxed. Do people really think cryptocurrency is never going to be taxed? Don't be stupid.
Also, the binance "apparent" hack and general FUD surrounding these two are dropping the price. It'll probably recover once the weak hands have left.
Also, the binance "apparent" hack and general FUD surrounding these two are dropping the price. It'll probably recover once the weak hands have left.
The crypto market is crashing, because it seems that governments (lobbied by banks) will regulate worldwide. Investors are afraid that cryptocurrencies will no longer be decentralized. All crypto transactions will be taxed and are no longer anonymous. This is why the price of most cryptocurrencies is dropping.
So are they converting their bitcoin to fiat and running away or they are just leaving their bitcoin there in the wallet? What really could they be doing with the bitcoin they don't want to throw inside the market?
Bitcoin has failed at what it was meant for ( An alternative decentralized currency) because of the ridiculously high transaction fees which were supposed to be sorted out and still hasent.
It is now just another trading commodity which people use to make real money
It is now just another trading commodity which people use to make real money
Is this the bitter end for Bitcoin? For cryptos? Well, no, probably not. Get your head screwed on right and you’ll see that (for better or worse) many coins have seen unprecedented growth in the last six months to a year, even with Bitcoin’s price halved from holiday highs closer to $20,000. On this day last year, Bitcoin was sitting pretty at $982. At the height of December’s craze, most reasonable crypto-watchers could agree that the price was overheated and there was only one way for it to go in the short term. Still, in the thick of the current correction, Bitcoin’s longer-term growth is anyone’s guess.
It's already getting back
Why has someone turn the USDT machine back on again to pump fake money back into Bitcoin again ?
https://www.youtube.com/watch?v=MwKYbT9MoPE
I have decided to peg the price of my nose picking too the $USD and the supply is limited but do note that
we don't offer any refunds
Crashing? Haven't seen bitcoin price crash lately... Pump and dump as usual with cryptocurrencies. Better get used to it because the price won't stabilise soon in my opinion.
Cyclical market, we go up and then we go down and continue to follow this path. Some news stories do, of course, change the pace of the market but I wouldn't say that they're always the main reason behind everything. People like to think that one event caused something else, that's just something we like to have as people -- though it's not always possible when it comes to a market trading environment at all.
We'll continue to do what stock markets have done for generations, up and down folks.
We'll continue to do what stock markets have done for generations, up and down folks.
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