Bitcoin Forum

As you can see bitcoin and other cryptocurrencies has crashed down, what are your insights and opinion about this?

There's really only one reason - it was a bubble. Nothing much caused it. Therefore nothing much caused the crash either. On the way up there were more buyers than sellers at certain prices. That can't last forever. Now there are more sellers than buyers. That won't last forever either.

Bubbles pop when people realise they ridiculously overpaid for something for no good reason and then the majority agrees too.

Once everyone's bored or depressed enough the foundations for the next one will be laid and it'll happen all over again. Such is life.

I do not consider this as bitcoin's downfall. Because first of all  many people are hoping  for bitcoin's dump especially those who consider themselves as late-comers.  And I think this is just the result of bitcoin's one hit wonder era. People who are legitimately loyal to bitcoin and who are just there for the news are being filtered. That is just my opinion but I see this as my opportunity to buy bitcoins again.

I am not amazed and not when bitcoin the price is going down or the price is going up, because here on the other side I always see the opportunity to profit from all this, I am very happy if bitcoin price drops because I have a chance to buy and when the price goes up that's my advantage to resell bitcoin, I think it's all a chance.

I do think that it's mass acceptance..the government and most people are always having doubts when Bitcoins is in the picture and that's some serious.
When government considers it a threat and ban.. naturally all the people around are affected.
The rate of cryptocurrencies falls and we face a low price period.

i think what behind the fall of bitcoin and crypto market is the uncertain regulations.
whether some country ban bitcoin and other crypto or not.

It's true, an example of a bubble is the one with the tulips. Lol. It became so in demand and expensive but suddenly, it crashes
. I do not believe that btc is a bubble we have various backers in this community.

Each year bitcoin shows significant growth. I think this year will not be an exception

I think not one one of the fall of the bitcoin, because we review in 2015 or 2016 with prices now far more different from those years, did I notice for the year 2018 will settle
diangka price bitcoin hundreds of millions. because to admit to the whole world about your currencies is very difficult.

recent market crash is clear indication of more fud news spread in market people are panic for holding bitcoin for long-term

The decline came after several banks around the world banned their customers from using credit cards to purchase cryptocurrencies. They are afraid that they'd have to pay for unpaid debts that result from price fluctuations. Others may say it bubble burst but it may never happen since crypto community is so huge now that it will never come to an end. This crash maybe just temporary and it may stabilize again.

I don't think bitcoin has  crashed down. Now the price of bitcoin has stopped falling. It will soon return to normal.

A lot of people bought bitcoins on credit and during the holiday season, they spend to much money and they had to sell some of
those coins to pay back the debt. When the price started to tumble, a lot of them panicked and they sold all their bitcoins to prevent a situation where they had no money to pay for those bitcoins.

Then added to that, we had the Chinese clamp down & also rumours of US interest rates increase. All of this combined, caused a massive drop in the price.

Based on what I've read, the reasons why there is bitcoin's downfall is because of banning of BTC in different countries such as China, Bangladesh, India and others. However, I won't agree that bitcoin has already crashed down instead it can be called as a plunge. Another thing is the decline and refused by other banks to bitcoins because of doubt and not having enough knowledge.

By any measure, crypto is still a huge and revolutionary success.  

Loss by some investors doesn't = downfall or failure.  

I don't think bitcoin will go extinct. The volatility of bitcoin prices is normal, so we can make a profit from it.

The downfall of bitcoin can be centered at so many factors, which could be narrowed down to one. One of the major challenges bitcoin is experiencing, is the regulatory challenge, which in turn has led to lack of acceptance and usage. The combination of all these, brings about FUD that makes investors to have skeptical minds.

Surely its people just cashing out quickly.  Markets are still relatively small, so it doesn't take much to move the market.

over heated, started to correct... tons of groundless FUD at the correct time =  over correction. Should have bottomed at 12k really.  

btc will still pull back strong but weak hands are now out and will remain so until pulled back in just as the next peak approaches so they can get their pants pulled down all over again.

the manipulators are accumulating hard during the sales.

long term btc up
long term alts diluted to shit

everyone wants more btc at the end of the day

there are a handful of alts with true crypto centered dev teams the rest is dreams and talk marketeers

= = = = = 

I would say that it is not really downfall,  but it is just part of the process,  because if you check the history with its graph,  there are times that it will rise and sometimes it
 will fall.  But normally,  if it falls,  there are negative feedbacks or news in social media or main stream media that are not in favor of bitcoin or cryptocurrency market.