Bitcoin Forum

Who is behind this crash, was it different government announcing regulation in concurrency?

Was it Big whales finally getting rid of bitcoin?

There's just too many factors for what is happening right now. Facebook started banning crypto adds, due to the majority being scams. All this drama with bitfinex and the tether being backed by USD and then they get a subpoena. The news from India that many turned it into fake news. Just so much negative stuff...

It’s not just a reaction to (slightly) negative news in the media, there is no way this massive downwards price movement is not coordinated. It’s a planned movement by several or possibly even more very wealthy whales. They purposefully drop the price which causes all the bitch noobs to panic sell. Lots of weak hands can’t handle it so the proce drops drastically & then those responsible for the crash buy cheap coins, the price spirals upwards & it’s win win for them.

It’s happened before & it’ll happen again & again & again. 

who? investors!

it is always easy to blame things on the boogieman instead of accepting the responsibility for them.
who are whales and who are weak hands if not investors themselves? those who don't understand bitcoin and have just bought it to make money fast have been panic selling.

what are the FUDs? some country banning bitcoin? if anyone sold bitcoin because of this news then they don't deserve to hold any amount of this decentralized currency.
facebook banned ICO ads? this one is the most ridiculous one...

ico's are too blame 70% are scams 29% are failures and perhaps not intentional scams. Hard to pick a good one which has actually produced something of value really. I mean from 100 you may get 1 or 2.

what do you expect with this trash valued at 100's Millions or billions.

all that collected value will be extracted by the ico runners before they dump out to fiat

stick to real projects that have produced something of value and you will end up okay

believe it or not, every year since 2014, from the days near at chinese new year.. china is one of largest investors in bitcoin, maybe it's a thing behind this crash

There are many successive factors that had accumulated these days.
As we begin the restrictions from South Korea, India, the ban on facebook
and I guess a lot that will follow. But this is not unexpected.

Some new banning bitcoin, like India, but i am hoping for a small leap as Nigeria announces the support in bitcoin.
we dont really know what will happen next but as of now i think whales are bagging more of this coin.
yes since bitcoin touched the 10.000 USD they start to play the market to get more bitcoin on their wallets.

I was thinking about something...
Maybe the big holders are putting some pression by causing this crash to make developers add Lightning Network faster.
Once it's added, the price will skyrocket. What do you think?

Matters only when this shil will end and we we will see 10 thousand >:(

many of the things could caused it to happen. deregulation from some countries such as north korea, china, indian news have real implications to volatile movement of cryptocurrency price. other than that the observer of bitcoin observers also bring influence to investors who have tended to fall in confidence in the rise in bitcoin prices. or is it just a big scenario from the billionaire? Who knows.

I think it is secret service or FBI :) I do not think somebody behind this crash. This is just fear. When it started to going down, everybody got scare and sold what they own. I believe, in a few months, market will be fixed. Do not worry for this :)

Nothing behind it than unpalatable news here and there. All is FUD and bitcoinwill be back on when the manipulators buy a lot on the down then FOMO will start from every angle

Have you tought one second why is the price going down?
Because people that have BTC are selling them.

It's not the governments, it's not a god knows what conspiracy, it's the fault of the ones that hold (or at least held) coins and are rushing to fill their wallets with fiat.
The culprit is so close to you yet you're not able to see him.


Oh, Nigeria to the rescue.....


Hmmm, haven't seen one of those that form the 1% yet...Is there any ICO that actually produced something?

How could you say that ICO's should be blamed , even if most of them are scam or stupid projects , there is no correlation between them and bitcoin , don't forget that we talk here about bitcoin not altcoins so if you referring for the global market sure this is one of the problems of the price crash for altcoins but not for bitcoin , and for that altcoins problem , the investors are those ones to blame not the devs because they are so stupid and ignorant to put their money in such kind of garbage .

How or Why is the price going down?

Because you people are setting up a sell order(opening trade), stop opening orders to sell and rather help to bring up the price, its to your benefit and profit.
The higher it is, the higher the profit.

Too many issues around the Bitcoin market these days,first the issue of south Korea banning bitcoin and secondly the rumor of Facebook banning Cryptocurrency post,now another one is China whales are crapping all  what they can from  their Crypto investment for their new year celebrations but the fact is every beginning of a new year is not a favorable time for business.

It is really difficult to tell what exactly caused such enormous FUD. A lot of thing happened last month. The recent problem was misinterpreted speech of India government. Bitcoin price fell to $4000 in India in just a couple of hours. Fortunately, it turned out that it was a mistake. South Korea announced that they won't ban exchanging cryptocurrencies but they will require verification. Also, there was a a lot of money was stolen from a Japanese exchange. Let's hope Bitcoin will recover soon.

Its just the small fishes from India moving out of the crypto world I think the big whales are still their with solid grounds. The whole market cap what we have is being held by big whales only. Most of the people with weak hands are getting rid of market because they think its the end of bitcoin itself. Most of them are new to market and aren't quite familiar with such crashes in past.

Don't forget the classic "bubble" and "ponzi" words that come up whenever a price drop is ongoing. Even the guy who just read about BTC yesterday in news will be all over you telling bitcoin is bubble, don't invest.. Etc. Mainstream media is what causing the excessive FUD.

We had similar corrections several times in 2017 year at least. For last 2-3 months a lot of newcomers went into criptocurrency market. At present it is time when whales take their invested money :)

Government officials and regulators are worried about fiat money and how to control the cryptocurrency.  The [Suspicious link removed]munity should get together and fight back these regulators and fiat money advocates who are against innovation.

I think that bitcoin some influential persons deliberately keep in their bottom point of the fall. Many people who hoped for rapid enrichment due to the constant growth rate bitcoin, now lost faith and sold it at a very low price. This, apparently, was sought by some people. However, this is done in order to start the mechanism of bitcoin growth and profit extraction in the future. Therefore, in any case, soon we will see another rise in the price of bitcoin. The main thing now is not to succumb to panic and save your bitcoins.

People who sell their bitcoins are behind this and of course some governments who keep banning it in their countries

Also people like you who open their fucking mouth only to troll garbage , just try to read news and understand what is going on before saying shit like this ,there no countries who banned bitcoin trading yet, there some restrictions but no ban yet , don't follow rumors like stupids , you are falsifying informations and leading people for the wrong side . You don't like this situation , you want easy money without waiting , this not the right place for you , so walk away

I assume all the btc collected by those at the top running the bitconnect scam needs to exit to fiat ... same for all the other value collected out of thin air by these icos. They all need to get out to fiat at some point I think as the SEC closes in on those stores of value in either eth or btc they will be liquidated out to fiat asap. You quickly need to exit a lot of btc to fiat what do you assume would happen to the price of btc?

In the world of cryptocurrencies we are dealing with a huge bubble, and today it is difficult to assess which information or event had the greatest impact on the decline in prices. Perhaps the crowds of unfortunate information and unexpected movements meant that we can buy Bitcoin for nearly half the price of December today.

The cryptocurrency market is inflated and the situation with dotcoms will repeat. Then, tech companies that wanted to change the world were invested. Many big companies grew on the rubble of that crisis, which today are among the richest in the world.

With cryptocurrencies, most likely it will be similar. The bubble burst will be verified by the market where only the strongest players and projects will stand, behind which there are interesting services and people who have ideas and skills to develop and sell them well.

I think government, FUD manufacturers, whales and their rumour mongers (media) are the reason crypto world is in red.

I don't want to believe all those news flying about because there is no official statement to back the rumors up, I think the reason why the market is drooping is base on low demands when the demands are high the price will rise up no matter what any government do or say. Bitcoin is very volatile and at that it price can never be stable and as a decentralized currency it had for any government to control or regulate bitcoin.

Regardless, we need to be riding it out and not worrying too damn much. Things will recover, they always do. And besides, even a couple months ago, look at where we were at. Let's just call this a big correction to the last few months' unsustainable growth.

Many reasons behind crash:
- Most of cryptocurrencies are over evaluated lately
- Exchanges problems with Korean authorities
- Chinese threats
- India threats about banning cryptos
- ...

I think the big whales are playing in the market, but the general trend of the market is up anyway. Just weak hands will be washed away in this period.

I think that behind all this is a panic of everyone so they panic when the btc price drops a bit. then it penetrates into everyone they are panicked and then start selling it and it continues continuously until this landslide

And how many of them have actually been proven to be true now? Seems like there is just too much fud these days.

It's just the market, there is no Boogeyman.

Yes I do think big whales dump the btc.
They try to use media to make FUD then sell tons of btc at the same time, this caused btc price drop sharply. In turns lot of day traders cut lost make btc more drop.

that's true. but the media is only putting wood in the fire that is already burning. they didn't start this fire. the drop started and became big thanks to panic sellers and the FUD made it bigger by adding more panic sellers to the process.
for example bitfinex subpoena was weeks ago and nobody reported it. but as soon as a small drop happened, media was filled with the news!

Whales, sharks, dolphins, and shrimp have every right to buy and sell.   It's the market.   What's with trying to make a 'common enemy' theme out of all this?   

All together: Facebook and Instagram that prohibited everything which is connected with crypto, Indian prohibitions , the rumors coming from Wall Street guys, South Korea with its abnormally huge taxes and whatnot.

Thats the best opinion about crypto market crash I have ever heard,people don't understand that this price is equal to their trust,its so simple there are peope which use it without trust in btc or blockchain technology and its easy to get influence on them,I mean its so easy for negative media,just imagine in January,All the attention was focused on negative,its not secret that people believe in rumors,the last month was evidence of this,People listen news about India,China,south Korea but thay don't understand that majority earn a great amount of money by this,but I hope when btc price will rise up again they will never doubt in blockchain technology.

I think a great deal because a lot of countries are now banning Bitcoin transactions and the support of national governments is really of particular importance for the development of Bitcoin.

I might be mistaken, but I think that today many people in power are interested in buying Bitcoins. They and big players let BTC falling artificially to get coins for cheap.

I think this is probably true, but I'm really glad we're seeing a solid recovery. And it didn't take all that long... I feel bad for the people who cashed out at 6K. That's what the big wigs wanted, and it's their own fault.

Not that I can blame them, but it was a dumb move all-around...

Satoshi is the same kopeck as in rubles is a small part of bitcoin.