Bitcoin Forum

Why is the bitcoin market crashing?
When will the cryptocurrency market bounce back?

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.

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 and people also know that the lightning network is little more than a system of
banker hubs and are not buying the Bob sends Alice some money story.

Sorry people, we have been taken over and they can blame China or Korea as much as they want but
these are the real reasons for the price.

One major factor I td from the news is that Mt Gox stash worth  $400M  of cryptcurrencies was released and it causes dumping of prices.  FUD news is everwhere also.

You can check news here :

1. https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

2. http://bitcoinist.com/tokyos-bitcoin-whale-has-sold-400-million-and-thats-just-the-start/

there are so many theories why the market crash and lost of them are very logical, whether the market will be back or not depends all in the G20 summit, if there would be positive news than it will skyrocket in my opinion and vice versa.

I saw your comment in another thread and you're spreading FUD like crazy. Calm down and go read some news because your interpretation is extremely subjective.
No worldwide regulation is happening! The news about regulations are nothing new and many of those are extremely positive like Germany accepting BTC and exempting it from taxation. Some crypto transactions are and will be anonymous. Others, like BTC, are anonymous as long as you are avoiding exchanges. You can't make anonymous coins lose anonymity, unless you make their users register somehow, just like you can't (still) trace TOR users.
Really, you're not making any sense!

yeah...  when BTC was trying to recover; one big whale has to come and crash it....     Secondly, if anyone here understand TA, then it was as per plan....   the price had hit the down trend line and from there the price went down.

It will rest on 6.8K or 3.2K as per trend lines....   let see.  But one thing is for sure that if you HODL then by the end of the year the prices will reach 50K.

It will go down until it will find support again. Usually it takes time, specially after a bull run such as the one from January.
Don't expect the prices to go up anytime soon. We will have to wait a while.

it is crashing because of fear and uncertainty. But it will bounce back

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.

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.

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

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.

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

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?

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.

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.

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.

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

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.

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.

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.

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.

I see it as normal fluctation and probably a lot of people getting out due to the massive media against crypto.

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.

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.

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.

Yes the coins are reducing but i don't call that crashing of cryptocurrencies but rather a new opportunity to buy. I have heard rumours of some group of people hacking an exchange and these people tend to dump the bitcoin they stole hence the frequent dip in prices but i also believe that its a great time to buy.

bitcoin crashes when investor confidence has dropped
or there may be government regulations that require all coins circulating in the country to sell Btc

but calmly, Bitcoin is a decentralized asset, where everything will be back to normal...

I think if those big countries like germany, china and korea are getting big payable of their electricity bill plus the tax from their gov't., it maybe big crash from the market of bitcoin because they are the countries who had control from this so i think they knows how to handle the system like this and we can bounceback from crashing and this is my opinion..

I think it is crashing because of the bad news we received recently. As far as I see from the first day trading until now. The market has been always like that. Keep calm and hold your currencies.

It crashed but it is still more valuable than Gold. And Gold is something that can be seized by the government. Plus keeping it in a specialized vault is expensive. More expensive than Bitcoin transaction fee. It is also agonizing to hold  Gold. Since everybody thinks that it is valuable. So agonizing about market fluctuations is like chasing the wind. Don't resist. Just go with the flow.

At this stage, I believe that retail investors will bear the brunt of the impact of the collapse of the cryptocurrency market value.

The BTC's bad news is increasing, and the market is getting less and less money, and investors want to buy BTC at a lower price.

So, I'm reading this thread and I see people blaming Mt. Gov trustee, NKorea and Trump for some reason, and other things.

But there could be any number of reasons why the market is crashing that we just don't see. There could really be manipulation going on, or secret deals. Who knows, maybe everyone just decided to stop buying all together because of the tax season coming up. Or there could be a lucrative alternative stock besides crypto that some investors have flocked to. It's all unpredictable.

Take to the market experts to see what you should really do. They're experts at stock trading, and if you're treating crypto like high-volatile stocks then you need to listen to their advice.

Peter Lynch says that you should put down the books and news. He says to buy wisely. In a bear market, he insinuates that one shouldn't look for possible reasons for the crash, but instead, to capitalize on it by buying more from stocks you perceive are going to recover.

So basically, stop trying to calculate, and just go buy into the bear so you can be ecstatic when it turns into a bull.

I do think that this is because the government is trying to intervene bitcoins flow, they want to regulate its value because they are afraid that many people will get rich just because of this and they don't want us to earn freely. Also, many banks are controlled by the government and if people are starting to not use banks how is the government gonna earn from it? This is why the market is crashing and hopefully, it will bounce back in the future when the government will stop intervening its market.

Hope the storm will be over. There were many before but none really affected bitcoin.

The market is falling with all the money, the signs of recovery of the currency are moving, but the price is still profound, which makes many people think that will Some coins may end up short and it could be Bitcoin.

All I thought are the dumping period mt gox is doing right now http://bitcoinist.com/tokyos-bitcoin-whale-has-sold-400-million-and-thats-just-the-start/ based on this article I don't know how long but its just a work of one man or group but there are people who are taking the ride it will not last that long and it's good for those who want to buy at a much cheaper price.

If the information appearing on this forum in the news section with links to official sources, one of the possible reasons for the drop in the rate of bitcoin and, in general, the crypto-currency market, is the sale by one of the Tokyo whales of the Gox in December-February in the crypto-currency market of 20,000 bitcoins in three batches of six. eight and six thousand bitcoins. Allegedly because of this, the market of crypto-currency and collapsed. However, the bad news is that according to this Gox, he still has 180,000 bitcoins, which he is going to put up for sale this year. You can imagine what will happen to the price of bitcoin, if all these bitcoins, even in small batches will be put up for sale.

It's crashing because after such a bull run which we had in january it's only natural for the market to fall this low before it goes back up again. It's normal market movement.

Bets began to appear, which entailed futures sunsets, that is, the sale of a crypto currency at a low cost. This is the main predisposing factor in the sharp collapse of the rate. Some traders try to pick up cue rolls at any cost, so as not to lose part of the profit. They understand this, so do not drop your hands at the first fall.

It is unlikely that bitcoin will collapse in the foreseeable future. The upcoming hardfork can well pat his nerves, but absolutely surely does not put a cross on the first and most popular currency.The most negative scenario is after the appearance of B2X, when there may be a rollback of bitcoin, but most likely, after a few weeks, bitcoin will go to storm new highs 8)

The crypto community has been facing different issues nowadays. From calling it just a scam, plus accusing it to be illegal, and issues that it will be banned in google and some social media activities and more. With these issues, it lessen the number of demand hence it would affect the value of the coins. So hopefully, when these issues are over, the value of Bitcoin and all other coins will bounce back.

The crypto market as well as the stock and bond market is dependent on external political and economic information. Since the situation in the outside world in the economy is unstable now, all this affects the crypto currency. Maybe soon everything will change for the better.

Crashing at the beginning of year is not a big problem for me. it is always been like that. Rising at the end of the year, and falling at the beginning next year.
Of course it will bounce back to the normal price. cryptocurrency just need some correction sometimes.

It's not really crashing, more of stagnation here.
I think it's because there is no active circulation of the coin, people hold and coins are not working properly