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Title: Bitter truth behind the market crash Post by: IsuruMaduranga on March 29, 2018, 03:35:30 PM The Crypto market is crashing... Now BTC= 7400$ & Eth=400$
What happened to BTC? 1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably. 80% of them have 0 technical knowledge about Cryptocurrencies. 90% of them does not believe in Bitcoin. 20% of them have absolutely no idea what a cryptocurrency is and how the market behaves. 70% of them just wanted some quick profit. 2.Some idiots bought and sold for quick money and dumped the market. 3.Some people got panic and started selling. 4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices. What happened to Eth and Ethereum tokens? 1.BTC going down = Eth going down 2.People with 0 crypto knowledge started investing in ICO's. 3.People with 0 crypto knowledge started doing bounties. (Those are the spammers in Bitcointalk) 4.That two kind of people started dumping ICO's for quick earnings 5.Scam ICO's and useless ICO's came in to play. 6.Because of the ICO flood, ICO's became less profitable. 7. So some ICO investors lost their faith. So Eth and most of its tokens crashed. What happened to Other coins? BTC going down = Every other coin going down What will happen next? 1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich. 2.Some people will leave the Crypto market. 3.Believers will HODL. 4.The market will slowly recover. Title: Re: Bitter truth behind the market crash Post by: First77 on March 29, 2018, 03:39:43 PM Worldwide people do $500/month to $10,000/month jobs. Gold is $1350/ounce and Silver is $17/ounce
1 Bitcoin = $2,000 killed its growth. Title: Re: Bitter truth behind the market crash Post by: Emma Alex on March 30, 2018, 07:11:14 PM It is part of the game right? Sometime it crusher sometimes it grows. Don’t lose hope and keep patience. Good days are coming.
Title: Re: Bitter truth behind the market crash Post by: jonloner011 on March 31, 2018, 06:47:43 AM Interesting percentage there. I believe you didn’t put those by wild guess. It’s true that many came here with hardly any knowledge about the market. SO, panic sell happened. Short term goal holders always affect the market big-time. It’s a must to have knowledge about what we are gonna do and how we are gonna do. Though I believe, these are not only reasons behind the fall in price.
Title: Re: Bitter truth behind the market crash Post by: mahibul49 on March 31, 2018, 06:52:05 AM i think its good correction.bitcoin will rise soon.just be patient :)
reward will come Title: Re: Bitter truth behind the market crash Post by: Crypto Girl on March 31, 2018, 06:52:22 AM What is the basis of this analysis? Do you have some technical skills to make such analyzation? How are you sure that your analysis is correct? Go and have a life and mind your own life, forget about this and stop acting like a pro.
Title: Re: Bitter truth behind the market crash Post by: bobo012 on March 31, 2018, 06:58:06 AM i think its good correction.bitcoin will rise soon.just be patient :) reward will come It is good, but scared retail investors for a long time. I doubt we will see them until we bust through that 20k again. And even then it is doubtful, i dont know if they will be brave enough to jump in it again... Title: Re: Bitter truth behind the market crash Post by: quanghoa7911 on March 31, 2018, 07:33:12 AM You think right and wrong. Personally, this is a new market that has not been accepted by many users and is mainly because the government has not properly recognized the benefits of blockchain technology and users have not received enough benefits to their enthusiasm.
Title: Re: Bitter truth behind the market crash Post by: supermine on March 31, 2018, 07:36:53 AM i think its good correction.bitcoin will rise soon.just be patient :) reward will come It is good, but scared retail investors for a long time. I doubt we will see them until we bust through that 20k again. And even then it is doubtful, i dont know if they will be brave enough to jump in it again... People who are smart enough will make use of the current situation because this is not the first time the price fall like this so it will recover too,need to have believe on it. :) Title: Re: Bitter truth behind the market crash Post by: Seetheummerallyeah on March 31, 2018, 07:37:45 AM Let me fix your last paragraph for you
What will happen next? 1. I have no idea but I guess whales will buy up coins at low prices to make 1.5x profits (I just made this number up) 2. Some people will leave the Crypto market (There are always people leaving and joining the market at any given time) 3. Believers will HODL. (And either gain or lose money) 4. I have no idea how the market will look like in the future but I hope it will slowly recover If you can say with 100% certainty what the market looks like in the future you would be the richest man on the planet. The hard truth? The market is unpredictable and its impossible to know what will happen in the future Title: Re: Bitter truth behind the market crash Post by: Blackhammer321 on March 31, 2018, 07:50:11 AM I guess the bitter truth behind the market's crash is people run things on bitcoin just because for profit and not its main goal after created. Market crashed mainly because we are greedy, don't deny it, we all want a profit out of it but what we don't know is the effect of our doings. Almost all of altcoin's price crashes and so the bitcoin because of too much sell than demand.
Title: Re: Bitter truth behind the market crash Post by: oginiimaoyani on March 31, 2018, 08:05:46 AM For sure the market will slowly recover and those that have understanding about the market will say at last we made it, the panic once will regret so if you are interested make use of the current market wisely.
Title: Re: Bitter truth behind the market crash Post by: sorrysteve1 on March 31, 2018, 08:25:08 AM The market got overloaded by people who had little idea what they were doing and what they were investing in to. When the price started to fall which it inevitably would after reaching such heights they panicked and that's why we got a lot of the crash that we did. Those guys are surely all gone by now but we're left with a very unsteady market in which confidence is the rarest commodity of the day.
Title: Re: Bitter truth behind the market crash Post by: hugeblack on March 31, 2018, 08:37:22 AM Bitcoin does not depend on an asset to support, so the usual changes will cause a significant drop in price.
I agree with you that the main reason for converting any drop into crashing is the misuse of the bitcoin (use bitcoin as investment tool). The bright side is that the majority of those who do not believe in bitcoin will leave the market, making the Bitcoin healthy The collapse of all the altcoins is the biggest evidence of its weakness and its absolute dependence on the bitcoin.(We do not need more than 1,000 coins) Title: Re: Bitter truth behind the market crash Post by: dothebeats on March 31, 2018, 08:52:14 AM That's not a bitter truth but rather a dumb and obvious one. People who invested back in November-Dec who believed that the market would be able to hold such an artificial pricing are the ones who are at fault of the crash, given that they added so much weight in to an already heavy and unstable pricing. No wonder whales were so happy during that run since they raked in a huge profit for themselves, dumping on the overly-optimistic ones who don't know anything about the markets but still decided to give it a go. Right now, the prices are in a slump, but we're still in a good shape considering that we are @ sub-$1000 only 2 years ago.
Title: Re: Bitter truth behind the market crash Post by: talkbitcoin on March 31, 2018, 09:05:43 AM ... 2.People with 0 crypto knowledge started investing in ICO's. 3.People with 0 crypto knowledge started doing bounties. (Those are the spammers in Bitcointalk) ... 5.Scam ICO's and useless ICO's came in to play. 6.Because of the ICO flood, ... ... these are all the reasons why ETH got pumped! a lot of newbies entered the market thanks to all the bitcoin media coverage. and then they were exposed with a lot of advertisement telling them "THIS is the way to get rich" and THIS was either investing directly in ETH or investing in countless number of ICOs which then needed them to buy ETH!!! so a huge temporary demand was formed for ETH which is not going away as ICOs are dying so ETH price is falling. and that is a bitter truth... Title: Re: Bitter truth behind the market crash Post by: Xester on March 31, 2018, 09:11:11 AM We cannot escape that fact that many are tempted to buy bitcoin with the hope of getting rich last year only to find out that the price of bitcoin will drop and they lost a big profit, they panic and sell. While some are eager to hold but because of the news on banning cryptocurrency they have lsot their hope and sold all their coins.
Title: Re: Bitter truth behind the market crash Post by: boyshx on March 31, 2018, 09:12:10 AM Haha, thats fair enough I guess. However this is really natural to happen and there is no way we can stop that. We have to pass through this hardest time many time in the year cycle. Everyone knows from the past years data that bitcoin always drop itself at the start of year and eventually it goes down in the value. This doesn't last longer depending upon the factors that are affecting it. Then it starts the up surge of the bitcoin as we pass towards the mid year to end of the year. Your point of whales is what true here. They are the smartest people who actually push the market upwards, however the process is really slow but it does happen.
Title: Re: Bitter truth behind the market crash Post by: TheUltraElite on March 31, 2018, 09:15:45 AM We cannot escape that fact that many are tempted to buy bitcoin with the hope of getting rich last year only to find out that the price of bitcoin will drop and they lost a big profit, they panic and sell. While some are eager to hold but because of the news on banning cryptocurrency they have lsot their hope and sold all their coins. Sadly the truth is in the first paragraph of the OP. I would say 98% of the people who are holding crypto dont understand that C of crypto. They are in it to win it in some easy steps and are not willing to spend time doing research and on the long term value of crypto. Again I am not saying that one MUST hold bitcoin or altcoin to make profit. They can sell at times putting a stop/loss target and then planning accordingly. These people in the market end up making bitcoin look some dipshit asset which crashes like anything. Panic sellers and young blood who are having nervous breakdowns every minute should stop venturing into crypto. Its just not their thing. Title: Re: Bitter truth behind the market crash Post by: Icey47 on March 31, 2018, 09:17:10 AM We cannot escape that fact that many are tempted to buy bitcoin with the hope of getting rich last year only to find out that the price of bitcoin will drop and they lost a big profit, they panic and sell. While some are eager to hold but because of the news on banning cryptocurrency they have lsot their hope and sold all their coins. On a lighter note, there is still something positive since people 'started' to buy Bitcoin. Starting is the best way to learn as opposed to not doing anything at all. Everything that's happening to the crypto market is just all a big cycle and it's no secret that some people will indeed leave especially if they took too much of a hit. Title: Re: Bitter truth behind the market crash Post by: babyshaun on March 31, 2018, 09:23:51 AM Taken together, these events may simply act as another reminder of the “volatility” of the cryptocurrency market, which saw bitcoin rise to a peak of $19,783 on December 17th. Bitcoin has gone through multiple crashes before: in spring 2011, in November 2013, and in January 2017. However, this current bubble comes against a new backdrop: a global tide of regulation against the inchoate cryptocurrency industry. On one hand, these regulations may be scaring bitcoin investors into selling their coins now before the full impact of regulation makes itself felt. On the other, it may also be threatening suspect exchanges such as BitConnect, with its own token declining in value by 46 percent between December 17th and January 15th — the day before it announced its closure.
Title: Re: Bitter truth behind the market crash Post by: malbterxic on March 31, 2018, 09:39:08 AM Absolutely wrong conclusions based on the fall of the market, now we are seeing a classic correction situation, there is nothing catastrophic in this.Normal projects are working on their products and preparing releases, a month or a half will start normal upward movement.
The fact that a lot of people have entered the crypto-currency market, not understanding what it is, aiming to get money quickly, does not indicate a close end. Is it not enough of such people in the stock market? It is at the expense of such hamsters that we earn on the growth of coins. Title: Re: Bitter truth behind the market crash Post by: fokinlipat on March 31, 2018, 10:18:17 AM The Crypto market is crashing... Now BTC= 7400$ & Eth=400$ What happened to BTC? 1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably. 80% of them have 0 technical knowledge about Cryptocurrencies. 90% of them does not believe in Bitcoin. 20% of them have absolutely no idea what a cryptocurrency is and how the market behaves. 70% of them just wanted some quick profit. 2.Some idiots bought and sold for quick money and dumped the market. 3.Some people got panic and started selling. 4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices. 1) So you do not want new people to come to crypto ? You want the money to be moving in between current investor ? In such a scenario, bitcoin prices will become stagnant. Mining is becoming difficult with time and thus become impractical in such a case. 2) If bitcoin prices are controlled by action of some people only (and those who are new investors) , even god cannot save us. 3) That is natural and will always happen. 4) I agree with this past. The huge price increase or drop you see is because of a few people (big investors) and not the common people joining in mass. Title: Re: Bitter truth behind the market crash Post by: ahmad21 on March 31, 2018, 10:26:52 AM I am afraid but its true and this is what makes it look as if the crash is imminent. There are already a lot of people who have entered into the market just to double their money. But however all this led to market crash when people began with profit booking. Now they are trading in the bearish maket. I could have said this as a normal correction but even the TA experts are unable to predict anything about the market. With every resistance that btc breaks there is a new resistence which btc fails to break.
Title: Re: Bitter truth behind the market crash Post by: juiceannabel on March 31, 2018, 11:11:34 AM The truth behind this crash is related to the issue about regulations too.
not mention the fud that spread causing bitcoin and crypto holders to sell their coins. Title: Re: Bitter truth behind the market crash Post by: eduvacation.net on March 31, 2018, 11:17:41 AM The Crypto market is crashing... Now BTC= 7400$ & Eth=400$ Interesting topics, I see a nice cycle of statements and some of the data you gave above. The cycle is very good and even can be said normal with such a cycle then the market will recover and crypto will regain investor confidence.What happened to BTC? 1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably. 80% of them have 0 technical knowledge about Cryptocurrencies. 90% of them does not believe in Bitcoin. 20% of them have absolutely no idea what a cryptocurrency is and how the market behaves. 70% of them just wanted some quick profit. 2.Some idiots bought and sold for quick money and dumped the market. 3.Some people got panic and started selling. 4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices. What happened to Eth and Ethereum tokens? 1.BTC going down = Eth going down 2.People with 0 crypto knowledge started investing in ICO's. 3.People with 0 crypto knowledge started doing bounties. (Those are the spammers in Bitcointalk) 4.That two kind of people started dumping ICO's for quick earnings 5.Scam ICO's and useless ICO's came in to play. 6.Because of the ICO flood, ICO's became less profitable. 7. So some ICO investors lost their faith. So Eth and most of its tokens crashed. What happened to Other coins? BTC going down = Every other coin going down What will happen next? 1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich. 2.Some people will leave the Crypto market. 3.Believers will HODL. 4.The market will slowly recover. Title: Re: Bitter truth behind the market crash Post by: loggin on March 31, 2018, 11:39:08 AM It is true that a lot of new investors joined due to hype and they usually panic sell. But we need new investors for bitcoins to grow, it is just that these investors should be made aware about the volatility in prices before investing. They will behave responsibly then.
Title: Re: Bitter truth behind the market crash Post by: tot-o on March 31, 2018, 11:43:59 AM What will happen next? Lets repeat again the cycle isn't it the best option? People withdraw theit money due to panic, but as part of us who are still into Bitcoin let us invite people to come to exchange those who leave, thats another part of everyone that is here. I believe that when we invite more people the market will recover soon.
Title: Re: Bitter truth behind the market crash Post by: TrumpD on March 31, 2018, 12:41:34 PM You have very solid points to your claim. These are all really possible factors, but not actually factual due to you putting percent values to them, but the idea yes you are correct. Don't forget the FUD created by the banks, financial institutions and financial moguls who helped spread the panic.
Title: Re: Bitter truth behind the market crash Post by: Crypto Girl on March 31, 2018, 12:59:45 PM The observation might be correct but it's not a bitter truth behind the market crash, the real cause is the high volatility and the FUD and some "bad news" spread by the government authorities and some financial institutions that did not want the Bitcoin to alter their way of financial transactions.
Title: Re: Bitter truth behind the market crash Post by: dado7 on March 31, 2018, 01:04:47 PM You actually summed that up pretty good. Nothing to contribute here, but I really have to say..... Well done!
Title: Re: Bitter truth behind the market crash Post by: flippener on March 31, 2018, 01:22:22 PM Taken together, these events may simply act as another reminder of the “volatility” of the cryptocurrency market, which saw bitcoin rise to a peak of $19,783 on December 17th. Bitcoin has gone through multiple crashes before: in spring 2011, in November 2013, and in January 2017. However, this current bubble comes against a new backdrop: a global tide of regulation against the inchoate cryptocurrency industry. On one hand, these regulations may be scaring bitcoin investors into selling their coins now before the full impact of regulation makes itself felt. On the other, it may also be threatening suspect exchanges such as BitConnect, with its own token declining in value by 46 percent between December 17th and January 15th — the day before it announced its closure. Well said - I think that's it in a nutshell. This would be a crash in any other asset, but in Bitcoin it's just another day. Title: Re: Bitter truth behind the market crash Post by: BrewMaster on March 31, 2018, 01:37:49 PM this may sound weird but i still think a big part of the current bitcoin drop has been because of all the altcoin dumps so far, not all of it though.
i mean if you think about it, something like 80-90% of the altcoins either don't have a fiat market at all or only has it in small exchanges like Yobit which nobody ever uses. so if someone wanted to dump them and get back to fiat they have to dump them for bitcoin then sell their bitcoin to get fiat. that is a lot of bitcoins being sold by newbies! Title: Re: Bitter truth behind the market crash Post by: bitfocus on March 31, 2018, 01:52:39 PM I agree with you completely, especially that Zero Crypto knowledge peoples part.
Title: Re: Bitter truth behind the market crash Post by: Dudeperfect on March 31, 2018, 01:52:56 PM To be honest, I believe that we need mass awareness in terms of almost every aspect to deal with such chaotic situation. It was big whales who were playing in the market with their capital and newbies were burning their own hands by trading (entry/exit) at wrong points of time. Bitcoin/crypto market is still comparatively new and it will take much time to see high average awareness level among the users.
Title: Re: Bitter truth behind the market crash Post by: Al-e_x on March 31, 2018, 02:23:29 PM good prediction, I think idiots always make the market crash, they are idiots and selfish, they only think of themselves, and do not think about how the impact after he sells bitcoin. but does Kobayashi who has sold 3000000 BTC is an idiot?
yes, the correction conditions make everyone panic, especially for beginners, so the biggest factor affecting bitcoin values is like you saying : 80% of them have 0 technical knowledge about Cryptocurrencies. 90% of them does not believe in Bitcoin. 70% of them just wanted some quick profit. and it is appropriate. Title: Re: Bitter truth behind the market crash Post by: darkangel11 on March 31, 2018, 03:29:47 PM That's not a bitter truth but rather a dumb and obvious one. People who invested back in November-Dec who believed that the market would be able to hold such an artificial pricing are the ones who are at fault of the crash, given that they added so much weight in to an already heavy and unstable pricing. No wonder whales were so happy during that run since they raked in a huge profit for themselves, dumping on the overly-optimistic ones who don't know anything about the markets but still decided to give it a go. Right now, the prices are in a slump, but we're still in a good shape considering that we are @ sub-$1000 only 2 years ago. They didn't know the pricing is artificially inflated. If you look at the adoption curve (http://www.business-planning-for-managers.com/main-courses/marketing-sales/marketing/the-adoption-curve/) It's difficult to say at what point we are now and it's especially difficult for a newcomer. Many people don't deal with stocks and are not interested in TA, charts and all that stuff. They see that the price was exploding before and now it has exploded even more, does that mean we used to be in the adopters stage and now are getting into the "early majority"? There may be a time when this jump happens again, but this time it won't even reach half of the slope during the correction, it will keep going up to 50K USD and beyond. I'm not a dreamer here, look at the logarithmic price chart. Title: Re: Bitter truth behind the market crash Post by: BChydro on March 31, 2018, 11:07:07 PM The rally in bitcoin made headlines all over the world and it attracted many people to invest into bitcoin and some have made a fortune in this market and some have lost their money when they never anticipated a correction, plan on holding the coins for some more time and you will benefit in it, but one thing i want to see is alt coin rally and i am expecting all the alt coins to rise soon.
Title: Re: Bitter truth behind the market crash Post by: IsuruMaduranga on April 01, 2018, 05:36:08 AM Let me fix your last paragraph for you What will happen next? 1. I have no idea but I guess whales will buy up coins at low prices to make 1.5x profits (I just made this number up) 2. Some people will leave the Crypto market (There are always people leaving and joining the market at any given time) 3. Believers will HODL. (And either gain or lose money) 4. I have no idea how the market will look like in the future but I hope it will slowly recover If you can say with 100% certainty what the market looks like in the future you would be the richest man on the planet. The hard truth? The market is unpredictable and its impossible to know what will happen in the future Please read again what i have said. I haven't done a price prediction or a market analysis in the post. What i have said is about Crypto commmunity and how they behave in my experience. Title: Re: Bitter truth behind the market crash Post by: homey108 on April 01, 2018, 05:45:19 AM There is a very good chance that it could blow right through 6k and keep going to the 2k area. This has proven to be an extended downturn. We might see another repeat of the 2013-2015 crash and burn.
Title: Re: Bitter truth behind the market crash Post by: Crypdon on April 01, 2018, 08:53:19 AM You forgot to mention the other reason for ethereum crashing. It is true that the ICO market has been diluted and it is becoming more difficult to separate the good ones from the scammers, but also they are cashing out their eth tokens that people invested. This is putting downwards pressure on all invested coins btc and mostly eth.
Title: Re: Bitter truth behind the market crash Post by: jatin729 on April 01, 2018, 09:10:25 AM Crash in market is happening because we are using crypto asset for just trading purpose not for other application. In decentralize only we people can control the prices of any asset because only two factors are considering demand and supply of asset. Now a days we can see that when any bad news come then people start selling bitcoin. this cause crash in price.
Title: Re: Bitter truth behind the market crash Post by: Weirdwas on April 01, 2018, 09:13:48 AM I find this outline particularly insightful especially the part about new investors who bought in dec/jan. They all started panicking and sold off their coins.
Title: Re: Bitter truth behind the market crash Post by: syamster on April 01, 2018, 03:46:27 PM i think its good correction.bitcoin will rise soon.just be patient :) reward will come It is good, but scared retail investors for a long time. I doubt we will see them until we bust through that 20k again. And even then it is doubtful, i dont know if they will be brave enough to jump in it again... Title: Re: Bitter truth behind the market crash Post by: freesia_pnp888 on April 02, 2018, 06:24:25 AM number 2 & 3 sound convincing to me, it's mostly from sellers and buyers isn't it?
Title: Re: Bitter truth behind the market crash Post by: gcbjk on April 02, 2018, 08:29:28 AM First of all, I very much agree with your point of view, that is, Bitcoin's trading market. And this trading market is unlikely to be profitable for everyone. There are people who make profits, and people lose money. They often lose money because they have different market conditions and blind investment.
Title: Re: Bitter truth behind the market crash Post by: Denker on April 02, 2018, 08:47:09 AM The Crypto market is crashing... Now BTC= 7400$ & Eth=400$ What happened to BTC? 1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably. 80% of them have 0 technical knowledge about Cryptocurrencies. 90% of them does not believe in Bitcoin. 20% of them have absolutely no idea what a cryptocurrency is and how the market behaves. 70% of them just wanted some quick profit. 2.Some idiots bought and sold for quick money and dumped the market. 3.Some people got panic and started selling. 4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices. What happened to Eth and Ethereum tokens? 1.BTC going down = Eth going down 2.People with 0 crypto knowledge started investing in ICO's. 3.People with 0 crypto knowledge started doing bounties. (Those are the spammers in Bitcointalk) 4.That two kind of people started dumping ICO's for quick earnings 5.Scam ICO's and useless ICO's came in to play. 6.Because of the ICO flood, ICO's became less profitable. 7. So some ICO investors lost their faith. So Eth and most of its tokens crashed. What happened to Other coins? BTC going down = Every other coin going down What will happen next? 1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich. 2.Some people will leave the Crypto market. 3.Believers will HODL. 4.The market will slowly recover. Bitcoin and crypto in general is still pretty much in a early speculation phase. The market is tiny and of course guys with bigger pockets take advantage of it. This is happening now since the beginning and will continue until we reach a certain level of value, which in my opinion is probably in the low to mid 6 figures for Bitcoin. So with the next bull run we'll maybe move up to 50k or 60k and then go down to 10k or 15k again. But every time we go through these cycles we will make a higher low. So either you have patience to hold for 10-20years at least, or you try to time the market and sell a bit on the way up and buy back in times like now, where the price is low. See the advantage of all that dumpage happening and buy some coins instead of complaining. This is why bear markets exist. To give you the opportunity to buy for a cheaper price. And furthermore it washes out all the weak, shady and scammy projects and the whole space gets more hardened and robust. Title: Re: Bitter truth behind the market crash Post by: esjsr on April 02, 2018, 08:51:20 AM I don't entirely agree with you. I don't agree with you completely. The market is in a rage in the short term, but don't lose hope. I'm still buying Bitcoins because I'm optimistic about Bitcoin. I haven’t lost my hopes for Bitcoin. I have the patience to wait for Bitcoin to continue $20,000。
Title: Re: Bitter truth behind the market crash Post by: Anti-Cen on April 02, 2018, 09:01:06 AM So it was nothing to do with the fees rising to $55 per transaction was it now and just stupid people it was right.
Next con job was the lightning network but people have been warned about it being a system of mini-banks by now so proceed at your own risk and don't say no one warned you. https://lightning.network/lightning-network-paper.pdf Title: Re: Bitter truth behind the market crash Post by: somme_ma on April 02, 2018, 09:02:48 AM The technology is there and evoloves further. The first real-world applications are deployed and more are to come. We are early adopters :)
Title: Re: Bitter truth behind the market crash Post by: homey108 on April 02, 2018, 01:55:36 PM Just waiting for a little capitulation and I'll short the corn again.
Title: Re: Bitter truth behind the market crash Post by: Sarastiche on April 02, 2018, 02:05:55 PM Lot of rush in investor in Dec 2017, when price of BTC pump,same will happen soon when the price pump again, sure the correction will be over and the space will experience a pump both for BTC, ETH and altcoin, the future is sure to be profitable, No need to panic, The wisee will keep accumulating for the bull season. Title: Re: Bitter truth behind the market crash Post by: TheUltraElite on April 02, 2018, 02:55:49 PM So it was nothing to do with the fees rising to $55 per transaction was it now and just stupid people it was right. Fees have decreased now that bitcoin price dropped and gradually got back to normal. What you are saying is known as FUD and stop spreading false news and no need to come at me again with your alts if you have any. Even if LN is applied I dont think banks care much. All they care about is that crypto should be banned. What they cant control they will try to ban.Next con job was the lightning network but people have been warned about it being a system of mini-banks by now so proceed at your own risk and don't say no one warned you. https://lightning.network/lightning-network-paper.pdf The technology is there and evoloves further. The first real-world applications are deployed and more are to come. We are early adopters :) I wonder how early you adopted...if anything at all. ::)Title: Re: Bitter truth behind the market crash Post by: EugeneJanet on April 04, 2018, 06:07:04 PM The Crypto market is crashing... Now BTC= 7400$ & Eth=400$ Yes, now that the entire encryption market is falling, the market crash has not stopped. We don't know when it will stop falling, and I've lost a lot of money. Now many people have chosen to sell their encrypted currency to reduce losses, but I'm still holding out, and I'm sure it will start to recover soon.What happened to BTC? 1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably. 80% of them have 0 technical knowledge about Cryptocurrencies. 90% of them does not believe in Bitcoin. 20% of them have absolutely no idea what a cryptocurrency is and how the market behaves. 70% of them just wanted some quick profit. 2.Some idiots bought and sold for quick money and dumped the market. 3.Some people got panic and started selling. 4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices. What happened to Eth and Ethereum tokens? 1.BTC going down = Eth going down 2.People with 0 crypto knowledge started investing in ICO's. 3.People with 0 crypto knowledge started doing bounties. (Those are the spammers in Bitcointalk) 4.That two kind of people started dumping ICO's for quick earnings 5.Scam ICO's and useless ICO's came in to play. 6.Because of the ICO flood, ICO's became less profitable. 7. So some ICO investors lost their faith. So Eth and most of its tokens crashed. What happened to Other coins? BTC going down = Every other coin going down What will happen next? 1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich. 2.Some people will leave the Crypto market. 3.Believers will HODL. 4.The market will slowly recover. Title: Re: Bitter truth behind the market crash Post by: calum holding25 on April 08, 2018, 02:16:53 PM Ar far as i know: The truth behind this crash is related to the issue about regulations too.
not mention the fud that spread causing bitcoin and crypto holders to sell their coins. Title: Re: Bitter truth behind the market crash Post by: quanghoa7911 on April 14, 2018, 01:29:51 AM I personally have a strong belief in bitcoin. I will continue to learn and wait for success in this market. Some people think I'm stupid. But I think they are commenting on the words of the living in the world of electric light, while they are living in the world of light oil lamps.
smile Title: Re: Bitter truth behind the market crash Post by: TheUltraElite on April 14, 2018, 04:35:15 PM Yes, now that the entire encryption market is falling, the market crash has not stopped. We don't know when it will stop falling, and I've lost a lot of money. Now many people have chosen to sell their encrypted currency to reduce losses, but I'm still holding out, and I'm sure it will start to recover soon. Its not encryption market. Its crypto market. Arggh stop visiting the site using a translator - it makes the posts utter non-sense to read - equivalent to shitposting. Yes crypto market did fall a lot and if you have lost money through it then nobody can help you. It was your decision to buy crypto and thus you have to deal with market fluctuation profit/loss. If you believe in those coins which went down - hold them till they rise again and then sell when they appear green from your buying point. Overall patience is what is lacking in the younger traders. Title: Re: Bitter truth behind the market crash Post by: quanghoa7911 on May 04, 2018, 02:38:35 AM Yes, now that the entire encryption market is falling, the market crash has not stopped. We don't know when it will stop falling, and I've lost a lot of money. Now many people have chosen to sell their encrypted currency to reduce losses, but I'm still holding out, and I'm sure it will start to recover soon. Yes crypto market did fall a lot and if you have lost money through it then nobody can help you. It was your decision to buy crypto and thus you have to deal with market fluctuation profit/loss. If you believe in those coins which went down - hold them till they rise again and then sell when they appear green from your buying point. Overall patience is what is lacking in the younger traders. Title: Re: Bitter truth behind the market crash Post by: tuikindu on May 04, 2018, 02:47:52 AM Cryptocurrencies are always volatile, and the market is now trading at $9,600.
Now encrypted market does have a lot of speculators, but this is inevitable, people's idea is different, some people is to encrypt currency can better development, some people thought about the interest. Title: Re: Bitter truth behind the market crash Post by: putrii on May 04, 2018, 03:56:15 AM I think you should give very strong evidence to be able to prove your statement is true and you better give some clearer picture to make it easier to understand for beginner like me.
Title: Re: Bitter truth behind the market crash Post by: Spaffin on May 04, 2018, 04:19:53 AM For sure the market will slowly recover and those that have understanding about the market will say at last we made it, the panic once will regret so if you are interested make use of the current market wisely. While there is no other way than to go through their mistakes, people do not. Not everyone has the desire and ability to first learn the crypto currency, especially its technical side, and only then try to use it for earnings. People will inevitably come to the crypto currency almost with zero knowledge about it with the sole purpose of earning money. Therefore, the crypto-currency market will continue to develop in large leaps. People will come to the crypto currency, lose their money and leave. In their place will come new. This is unavoidable.Title: Re: Bitter truth behind the market crash Post by: davydovsa on May 04, 2018, 04:25:57 AM It is true that when media started reporting about BTC last year, lot of new investors joined. I guess it was all planned by big whales and they made exit at peak leaving new investors with their bitcoins purchased at $15000 or above.
Title: Re: Bitter truth behind the market crash Post by: no0dlepunk on May 04, 2018, 04:26:10 AM The Crypto market is crashing... Now BTC= 7400$ & Eth=400$ Yeah, I somehow agree with this; people with zero knowledge on bitcoin had invested in it but unfortunately sold their bitcoin with loss because they haven't see the downtrend coming, and because of a lot of scam accusations over the internet, these people feared that it won't recover anytime soon. That was the real story behind the crash.What happened to BTC? 1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably. 80% of them have 0 technical knowledge about Cryptocurrencies. 90% of them does not believe in Bitcoin. 20% of them have absolutely no idea what a cryptocurrency is and how the market behaves. 70% of them just wanted some quick profit. 2.Some idiots bought and sold for quick money and dumped the market. 3.Some people got panic and started selling. 4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices. What happened to Eth and Ethereum tokens? 1.BTC going down = Eth going down 2.People with 0 crypto knowledge started investing in ICO's. 3.People with 0 crypto knowledge started doing bounties. (Those are the spammers in Bitcointalk) 4.That two kind of people started dumping ICO's for quick earnings 5.Scam ICO's and useless ICO's came in to play. 6.Because of the ICO flood, ICO's became less profitable. 7. So some ICO investors lost their faith. So Eth and most of its tokens crashed. What happened to Other coins? BTC going down = Every other coin going down What will happen next? 1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich. 2.Some people will leave the Crypto market. 3.Believers will HODL. 4.The market will slowly recover. Title: Re: Bitter truth behind the market crash Post by: sazonova on May 04, 2018, 04:35:42 AM The problem with new investors is they act based on emotions. Thus they will panic every time market goes down and whales make good use of that opportunity.
Title: Re: Bitter truth behind the market crash Post by: quanghoa7911 on May 04, 2018, 08:47:15 AM The problem with new investors is they act based on emotions. Thus they will panic every time market goes down and whales make good use of that opportunity. In this market. Your account is split in two or three is normal. So why do sell off when the market goes down is wrong? If do I sell when the market starts to fall and choose a deeper bottom to jump in? Can you give me some knowledge? The way that determines the bottom and top according to your way of thinking? i feel very confused with this market. and you?Title: Re: Bitter truth behind the market crash Post by: jhonnydeep87 on May 07, 2018, 03:48:08 PM The real cause is high volatility and FUD or some bad news spread by government authorities and some financial institutions that do not want bitcoin can change the way financial transactions. 8)
Title: Re: Bitter truth behind the market crash Post by: ambisyon on May 08, 2018, 03:02:32 AM If that is what you had observed, then most of it were true. And for Newbies, these guys are on the learning process and we all do had undergone such rank and I understand their sentiments such as they wanted to earn immediate profit with their investments. With regards to bitcoin crash, I think the crash is actually the adjustment period of crypto coins particularly btc and alts. Bitcoin is always the basis in every down trend and up trend market because mostly, alts really depend on bitcoins current price performance.
Title: Re: Bitter truth behind the market crash Post by: damrianto on May 12, 2018, 06:12:19 PM chaotic in the news of this market price is very deep pain after hearing this price plummeted .. we can not what we can only see and be silent. and maybe we wait for the right time for the sale, the time where this price began to improve .. .
Title: Re: Bitter truth behind the market crash Post by: Gatot84 on May 15, 2018, 12:11:26 AM These are all factors that really are not always factual because of you. Do not forget the FUD created by banks as financial institutions and financial modules that can help spread the sudden panic. 8)
Title: Re: Bitter truth behind the market crash Post by: mdrakibul on May 19, 2018, 09:29:21 AM We have to pass through this hardest time many time in the year cycle. Everyone knows from the past years data that bitcoin always drop itself at the start of year and eventually it goes down in the value.They are the smartest people who actually push the market upwards, however the process is really slow but it does happen.
Title: Re: Bitter truth behind the market crash Post by: bitfocus on May 19, 2018, 09:34:04 AM nice observation! agree with most of your points!
Title: Re: Bitter truth behind the market crash Post by: troglobait on May 19, 2018, 09:37:07 AM Well, what was to be expected? The effect of the bladder, the bubble podzdulsya. People lost faith whales bought at the bottom. Soon they will create a new life, the idiots of the dream will buy them again, they will be tonsured again. Nothing new market is working.
Title: Re: Bitter truth behind the market crash Post by: Donotfoolme on May 19, 2018, 09:54:14 AM just like if you give money and banana to monkey , they will chose the banana because they do not know that money can buy so much banana .
Title: Re: Bitter truth behind the market crash Post by: oginiimaoyani on May 19, 2018, 09:11:29 PM Market will not crash the rise and fall in the market is the beauty of the game but recovers gradually forward we moved
Title: Re: Bitter truth behind the market crash Post by: sungaiyangderas on May 20, 2018, 03:36:20 AM The market falls mainly because we are greedy, do not deny it, we all want a profit from it but what we do not know is the effect of our deeds. Almost all altcoin prices crash and so bitcoin for selling too much than demand.
Title: Re: Bitter truth behind the market crash Post by: cmacwiz on May 21, 2018, 09:31:46 AM The Crypto market is crashing... Now BTC= 7400$ & Eth=400$ What happened to BTC? 1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably. 80% of them have 0 technical knowledge about Cryptocurrencies. 90% of them does not believe in Bitcoin. 20% of them have absolutely no idea what a cryptocurrency is and how the market behaves. 70% of them just wanted some quick profit. 2.Some idiots bought and sold for quick money and dumped the market. 3.Some people got panic and started selling. 4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices. What happened to Eth and Ethereum tokens? 1.BTC going down = Eth going down 2.People with 0 crypto knowledge started investing in ICO's. 3.People with 0 crypto knowledge started doing bounties. (Those are the spammers in Bitcointalk) 4.That two kind of people started dumping ICO's for quick earnings 5.Scam ICO's and useless ICO's came in to play. 6.Because of the ICO flood, ICO's became less profitable. 7. So some ICO investors lost their faith. So Eth and most of its tokens crashed. What happened to Other coins? BTC going down = Every other coin going down What will happen next? 1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich. 2.Some people will leave the Crypto market. 3.Believers will HODL. 4.The market will slowly recover. Dude , seriously I am very much impressed with your data and I think your data is very much correct and correct reflects the condition of bitcoin market in last 6 months, bitcoin is very volatile and sensitive crypto currency and has gone through many ups and downs and all this dump that has occurred in last 6 months because most of the users are little bit greedy and they are those who don’t have knowledge about crypto currencies, they only buy and sell bitcoin for their profit they are completely unaware about market sensitivity. Title: Re: Bitter truth behind the market crash Post by: cmacwiz on May 21, 2018, 12:08:55 PM The Crypto market is crashing... Now BTC= 7400$ & Eth=400$ The market of crypto currency is crashing and the valuation is deflating because of the negative people and I think somewhere because of other crypto holders , they are just keep on spreading negative rumours about the bitcoin and then comes the government who keep on demotivating people that they are not responsible for any kind of loses regarding bitcoin and then the increasing illegal use of bitcoin which is creating fear in the mind of investors that they may also get trapped.What happened to BTC? 1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably. 80% of them have 0 technical knowledge about Cryptocurrencies. 90% of them does not believe in Bitcoin. 20% of them have absolutely no idea what a cryptocurrency is and how the market behaves. 70% of them just wanted some quick profit. 2.Some idiots bought and sold for quick money and dumped the market. 3.Some people got panic and started selling. 4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices. What happened to Eth and Ethereum tokens? 1.BTC going down = Eth going down 2.People with 0 crypto knowledge started investing in ICO's. 3.People with 0 crypto knowledge started doing bounties. (Those are the spammers in Bitcointalk) 4.That two kind of people started dumping ICO's for quick earnings 5.Scam ICO's and useless ICO's came in to play. 6.Because of the ICO flood, ICO's became less profitable. 7. So some ICO investors lost their faith. So Eth and most of its tokens crashed. What happened to Other coins? BTC going down = Every other coin going down What will happen next? 1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich. 2.Some people will leave the Crypto market. 3.Believers will HODL. 4.The market will slowly recover. Title: Re: Bitter truth behind the market crash Post by: NelfiNovita on May 21, 2018, 04:18:31 PM The Crypto market is crashing... Now BTC= 7400$ & Eth=400$ every time the fall of the market can not be denied that this can happen. because some of the bitcoin holders have minimal knowledge so they panic and start selling the btc they have when the price is falling. What happened to BTC? 1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably. 80% of them have 0 technical knowledge about Cryptocurrencies. 90% of them does not believe in Bitcoin. 20% of them have absolutely no idea what a cryptocurrency is and how the market behaves. 70% of them just wanted some quick profit. 2.Some idiots bought and sold for quick money and dumped the market. 3.Some people got panic and started selling. 4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices. What happened to Eth and Ethereum tokens? 1.BTC going down = Eth going down 2.People with 0 crypto knowledge started investing in ICO's. 3.People with 0 crypto knowledge started doing bounties. (Those are the spammers in Bitcointalk) 4.That two kind of people started dumping ICO's for quick earnings 5.Scam ICO's and useless ICO's came in to play. 6.Because of the ICO flood, ICO's became less profitable. 7. So some ICO investors lost their faith. So Eth and most of its tokens crashed. What happened to Other coins? BTC going down = Every other coin going down What will happen next? 1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich. 2.Some people will leave the Crypto market. 3.Believers will HODL. 4.The market will slowly recover. and some also have a wide knowledge of bitcoin, they know this must happen every year so they take this opportunity to buy btc at a cheap price. and some are also just spectators without doing anything for some reason ::) Title: Re: Bitter truth behind the market crash Post by: Crypto vs Metals on May 21, 2018, 04:23:44 PM The markets will surely recover sooner or later. Those newbies who invested last ATH might have lost interest in BTC but in time we will recover.
Title: Re: Bitter truth behind the market crash Post by: salmanahmedone on May 27, 2018, 03:53:12 PM The Crypto market is crashing... Now BTC= 7400$ & Eth=400$ What happened to BTC? 1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably. 80% of them have 0 technical knowledge about Cryptocurrencies. 90% of them does not believe in Bitcoin. 20% of them have absolutely no idea what a cryptocurrency is and how the market behaves. 70% of them just wanted some quick profit. 2.Some idiots bought and sold for quick money and dumped the market. 3.Some people got panic and started selling. 4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices. What happened to Eth and Ethereum tokens? 1.BTC going down = Eth going down 2.People with 0 crypto knowledge started investing in ICO's. 3.People with 0 crypto knowledge started doing bounties. (Those are the spammers in Bitcointalk) 4.That two kind of people started dumping ICO's for quick earnings 5.Scam ICO's and useless ICO's came in to play. 6.Because of the ICO flood, ICO's became less profitable. 7. So some ICO investors lost their faith. So Eth and most of its tokens crashed. What happened to Other coins? BTC going down = Every other coin going down What will happen next? 1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich. 2.Some people will leave the Crypto market. 3.Believers will HODL. 4.The market will slowly recover. Why don't you take positive out of all this. When the price was 15k - 20K , many people wished that could have buy when it was low at 5-8K range. So now its again time for those people to step in and start the bitcoins investments. They can be the next beneficiaries who missed out when bitcoin was all time high. Title: Re: Bitter truth behind the market crash Post by: bering on May 27, 2018, 05:55:05 PM those analysis were very true that some of people with zero of knowledge buy bitcoin when the price was very high but they looks never thinking the risk with buy bitcoin at high price and when the price gradually fall some of them decide to sold all of their bitcoin and being parts of panic sellers which made the price difficult to rise up again but not all bitcoin users have bad habit such as that because i saw in my country there was some people can utilize bitcoin price movement with became an professional traders and being rich
Title: Re: Bitter truth behind the market crash Post by: edjames on May 27, 2018, 06:00:40 PM Yes, the hype in Dec > Jan certainly brought in a load of people that simply wanted to jump on the bandwagon after having Bitcoin explained to them over Christmas dinner by one of the younger members of the family. As the price of Bitcoin rose over the following days, people decided to invest some money.
Once they all started to pull out, the panic selling set in and we all saw what happened. BTC will break it's ATH but it will take time. Title: Re: Bitter truth behind the market crash Post by: Reatim on May 27, 2018, 06:02:02 PM those analysis were very true that some of people with zero of knowledge buy bitcoin when the price was very high but they looks never thinking the risk with buy bitcoin at high price and when the price gradually fall some of them decide to sold all of their bitcoin and being parts of panic sellers which made the price difficult to rise up again but not all bitcoin users have bad habit such as that because i saw in my country there was some people can utilize bitcoin price movement with became an professional traders and being rich Yep, I also agree with some of the analysis. Specially around December when there was a lot of newbies and irrational buyers who suddenly flocks the ecosystem and buying at peak price and thinking that the growth will continue to around $50K. They thought that this market is a quick rich scheme. However, when the market started to crash, they immediately get out because they are losing so much and never come back again. Its a expensive lesson to learn, but I guess everybody should learn from this mistakes and move on. Title: Re: Bitter truth behind the market crash Post by: PROTO_Token on May 27, 2018, 06:16:12 PM What is the basis of this analysis? Do you have some technical skills to make such analyzation? How are you sure that your analysis is correct? I agree with Crypto Girl. Can you site where the data or analysis originates? If not, it's hard to list analysis on exactly how the down swing in the market occurred. I agree as BTC goes so does the market. In my opinion the current cycle is $6,000 to $10,000 I'm fresh out of crystal balls or I could tell you for sure ;D Title: Re: Bitter truth behind the market crash Post by: KingScorpio on May 27, 2018, 06:21:19 PM What will happen next? 1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich. 2.Some people will leave the Crypto market. 3.Believers will HODL. 4.The market will slowly recover. is this another bitcoin propaganda announcement? there is no certainty that bitcoin is now at "low" prices netscape navigator was first internet browser no one uses it today. there are whales that push bitcoin, there are whales that try to sell bitcoin futures. and there are whales the think now bitcoin is at low prices and buy and there are whales that spread fud because they invested into other coins. Oh and not just other "whales" all other ICOs do that for strategic interest reasons all you pitty "analysis" are usless talked garbage. or in the best cases just deliberate released manipulations the market will recover because the banksters world wide are broken and hated and the people got tired with them and their neofeudalism with their billionaires that abuse them like money earning cattle, not because bitcoin is "awesome". regards Title: Re: Bitter truth behind the market crash Post by: 3acaga on May 27, 2018, 06:48:32 PM Hello everyone, why are you panicking? At the moment, there is no demand for bitcoin and therefore it drops to the bottom (another blow in the media and banks).
But let's think-all the same bitkoin evolves, and soon after the correction, the demand will return, and after that the supply will increase. P.S. Panic is our enemy ... Title: Re: Bitter truth behind the market crash Post by: bitadviser on May 27, 2018, 06:51:52 PM looks like only noobs came and thats bad, u said noffing about big investors, i think they are buying that panic holders sellinng without big profit, so richer always get richer, noffing new.
Title: Re: Bitter truth behind the market crash Post by: soplo on May 27, 2018, 07:23:19 PM It's true what's happening right now is the ongoing decline but it's all unnecessary thinking because it's all over and it's all going to go back and no need to panic about all this as it will end and bitcoin will give something good in the future.
Title: Re: Bitter truth behind the market crash Post by: pictsidhe on May 27, 2018, 07:34:08 PM Excellent observation. I wish if I have sendable merit then I can give you merit for this great observation post.
Many people will leave the crypto market, yes some of the known people already leave the cryptomarket because of bitcoin price down. Lots of people came in the crypto platform by seeing the price, they don't know about bitcoin, someone invested by hearing bitcoin will hit 30k USD very soon, and now they are blaming bitcoin. Title: Re: Bitter truth behind the market crash Post by: damsix on June 02, 2018, 09:47:54 AM your judgment is very true as I thought and it is very difficult in prediction because its basic cryptocurrency can not be predicted.
maybe in the future also the market will be different again from now. keep positive and spirit! Title: Re: Bitter truth behind the market crash Post by: alex M on June 02, 2018, 10:55:33 AM Yes, I agree with your observations, but I don't believe the percentage you mentioned, i think they are just assumptions and no bases. Though this is the reality in crypto business industry, we should think on the positive side or grab the opportunity to buy and invest, since we know that after all these crisis, things will be back to normal and an uptrend of bitcoin price would come soon.
Title: Re: Bitter truth behind the market crash Post by: jpaul on June 02, 2018, 11:13:03 AM Its unfortunate that such kind of things happen in the crypto market , a number of people getting into crypto without getting to know much about it, everyon wants to skip important steps and get into money making stages not realizing that it takes quite some time and effort which most arent patient enough to
Title: Re: Bitter truth behind the market crash Post by: Black Angel on June 02, 2018, 11:54:11 AM Bitcoin will forever be a mystery, all observations and analyzes are often wrong, many people say that bitcoin will disappear this year but I'm sure that bitcoin can last up to at least 40 years from now.
Title: Re: Bitter truth behind the market crash Post by: pieliedie87 on June 02, 2018, 12:52:23 PM The reason you're giving to us is maybe not enough because i think it would be more details about the present problem.
Title: Re: Bitter truth behind the market crash Post by: LangleyMccarty on June 05, 2018, 07:23:59 AM When the price started to fall which it inevitably would after reaching such heights they panicked and that's why we got a lot of the crash that we did.
Title: Re: Bitter truth behind the market crash Post by: pimkobai on June 05, 2018, 10:59:36 AM I agree with the thread author's comments and most of it were true. In my views, this bear market on the cryptocurrency is part of the cycle in the crypto market and definitely it will not be always bear market but it will recover soon after some corrections made in the market. For those people that are trying to do investments but with lack of knowledge and understanding about crypto currency, I would suggest that these people should start to learn and understand the crypto market movement. With this acquired knowledge , they could now understand how the crypto market works and this will be good since they will not just dump their coins because they no longer panic.
Title: Re: Bitter truth behind the market crash Post by: Pan Troglodytes on June 05, 2018, 11:17:47 AM Worldwide people do $500/month to $10,000/month jobs. Gold is $1350/ounce and Silver is $17/ounce I think you ment that bitcoin was 20k, not 2k. Anyway, the prices are irrelevant, because the medium of exchange must be divisible, what means you could buy a fraction of an ounce or a satoshi of a bitcoin. And the price of 1 satoshi is currently well below one cent of a dollar.1 Bitcoin = $2,000 killed its growth. Title: Re: Bitter truth behind the market crash Post by: AK47- on June 05, 2018, 12:41:47 PM Everyone wanted to make huge profits without having thorough knowledge of what the market and crypto currency is all about. When the market reached the peak there was euphoria with more and more people investing into it and the greed to become millionaire in a night overpowered but when the market showed fluctuation there was chaos, sudden panic compelled everyone to sell their coins, insecurity stopped them to wait and hold and obviously the market crashed due to chaotic mindsets.
Title: Re: Bitter truth behind the market crash Post by: tanjilrifat on June 11, 2018, 04:43:05 PM They can sell at times putting a stop/loss target and then planning accordingly.I would suggest that these people should start to learn and understand the crypto market movement.
Title: Re: Bitter truth behind the market crash Post by: jamesblue1 on June 24, 2018, 09:15:06 AM Most of them just buy tokens and waited for it to go up without other transactions done, they were hyped by the fact that there is a huge profit in crypto if the value goes high. The problem is when the demand goes down just for a while, others tend to sell their tokens too just to avoid losing more. What happens to the market? more coins are being put on sale while the buyers can only buy few. This results to dump.
Title: Re: Bitter truth behind the market crash Post by: athanz88 on June 24, 2018, 09:22:02 AM What will happen next? 1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich. 2.Some people will leave the Crypto market. 3.Believers will HODL. 4.The market will slowly recover. I kinda agree with the part of "What will happen next?" Up until now, it is just a vicious cycle like what you have prescribed on that part. Small people ( small coins and small guts) will leave this market and the HODL-er will be the winner, well not a fully winner, since the winner is always the whales. Title: Re: Bitter truth behind the market crash Post by: Blackrain13 on June 24, 2018, 09:29:35 AM It is just a part of crypto that somtimes down and sometimes up. It plays the rules of being volatile. Market price rapidly changed . But I believe after this crash it will give a big return to everyone who invest and stay strong and positive.
Title: Re: Bitter truth behind the market crash Post by: Prodigan786 on June 24, 2018, 03:26:47 PM Despite the crash and the slow recovery process, most industry players feel there is no need to worry because the cryptocurrency market capitalization remains fairly stable. Don't worry about it it's all part of the crypto.
Title: Re: Bitter truth behind the market crash Post by: gabmen on June 25, 2018, 12:29:35 PM What will happen next? 1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich. 2.Some people will leave the Crypto market. 3.Believers will HODL. 4.The market will slowly recover. I kinda agree with the part of "What will happen next?" Up until now, it is just a vicious cycle like what you have prescribed on that part. Small people ( small coins and small guts) will leave this market and the HODL-er will be the winner, well not a fully winner, since the winner is always the whales. Well i think a lot of people already left the market leading up to this point. They've dragged the market to this value anyways and it's going to be better without them. Btc went close to going under 6k before pulling back and personally i believe we're under the whales moving the market right now. Title: Re: Bitter truth behind the market crash Post by: ribowo76 on June 25, 2018, 12:43:04 PM I think the main factor of falling the price of bitcoin and altcoin is, because too many negative issues surrounding this year's crypto. So cause panic, especially on newcomers.Sehingga greatly affect the price of crypto
Title: Re: Bitter truth behind the market crash Post by: doroshok2 on June 25, 2018, 12:50:50 PM Well, to some extent I agree with you. Because of the panic of short-term holders who quickly began to sell, we see further consequences. But the market will gradually recover. I believe that.
Title: Re: Bitter truth behind the market crash Post by: LogitechMouse on June 25, 2018, 12:58:51 PM What happened to BTC? I quoted this because I agree that this is happening in bitcoin. I don't focus on ETH that much, only on BTC.1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably. 80% of them have 0 technical knowledge about Cryptocurrencies. 90% of them does not believe in Bitcoin. 20% of them have absolutely no idea what a cryptocurrency is and how the market behaves. 70% of them just wanted some quick profit. 2.Some idiots bought and sold for quick money and dumped the market. 3.Some people got panic and started selling. 4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices. Until now, the market is crashing and I agree with that many just came here in crypto because they think that bitcoin is a way of "HOW TO BE A RICH IN A QUICK WAY". Most investors don't have any idea or knowledge in bitcoin and this is a hard truth. Most just throw their money hoping that it will give them profit which is way way wrong. They don't know how to read the charts. What is the end result? They will post in different platforms with rage saying "Now is the end of Bitcoin" or "Lost half of my capital, What to do?" blah blah bullshit.. Since most investors don't know anything about bitcoin, they are easily affected by the FUDS spreading across the internet and then when they saw a negative news, they will sell all of their bitcoins even they will loss some of their money. They panic sold. STUPID NEWBIES!!!! I know that whales are manipulating the market right now although I don't have an evidence but many know it already. "Who controls the money controls the market" :D Title: Re: Bitter truth behind the market crash Post by: ay0d1 on June 25, 2018, 02:01:48 PM This is not the first time market is crashing and it will not be the last time. The TA indicated that market will adjust before the pick again, there may not be significant pick this year but expecting steady rise from mid of 2019
Title: Re: Bitter truth behind the market crash Post by: RoftheN on June 27, 2018, 11:37:10 AM I have to agree with what you have said OP, this is really what is happening now with bitcoin, mostly it is just the whales that affects the prices of the coins the most. From here on out we should all be ready for the worse because now the market has managed to break the 6k barrier that we were all rooting for so now anything is possible
Title: Re: Bitter truth behind the market crash Post by: btcdimcash on July 01, 2018, 11:50:08 AM I think you should give very strong evidence to be able to prove your statement is true and you better give some clearer picture to make it easier to understand for beginner like me!! Very nice project!
Title: Re: Bitter truth behind the market crash Post by: Reatim on July 01, 2018, 08:38:14 PM Well, to some extent I agree with you. Because of the panic of short-term holders who quickly began to sell, we see further consequences. But the market will gradually recover. I believe that. Of course anytime the market can really recover its only the question of when or what will be the factor that will push the market again. I think the main factor of falling the price of bitcoin and altcoin is, because too many negative issues surrounding this year's crypto. So cause panic, especially on newcomers.Sehingga greatly affect the price of crypto Most of the main factors have been put by the OP. What will happen next? 1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich. 2.Some people will leave the Crypto market. 3.Believers will HODL. 4.The market will slowly recover. I kinda agree with the part of "What will happen next?" Up until now, it is just a vicious cycle like what you have prescribed on that part. Small people ( small coins and small guts) will leave this market and the HODL-er will be the winner, well not a fully winner, since the winner is always the whales. Well i think a lot of people already left the market leading up to this point. They've dragged the market to this value anyways and it's going to be better without them. Btc went close to going under 6k before pulling back and personally i believe we're under the whales moving the market right now. Its more than 6 months since we see the bears taking over the market. I'm sure that weak hands have left already or at least didn't renew their interest on the market because it didn't go on their favour. Thinking this will made them rich is the wrong mindset in the beginning and that's why they are burned easily and no choice but to get out and run to the exit as fast as they can. Title: Re: Bitter truth behind the market crash Post by: maxreish on July 02, 2018, 11:05:09 AM Got the cycle here. I do see some hypothetically truth in your post. Sadly, the bitter truth is that we are being a part of whale's getting rich. They can dump and pump the market, we seems to be the one to be a panic seller and they want that scenario to happen.
Title: Re: Bitter truth behind the market crash Post by: btcprospecter on July 02, 2018, 11:08:57 AM I would say that that is pretty accurate as to what happened. As more and more people with next to no knowledge of bitcoin started buying and selling as soon as it looked like they weren't going to receive the profits they were hearing people making. Like they honestly though they were going to become overnight millionaires.
Title: Re: Bitter truth behind the market crash Post by: ashutosh1993 on July 02, 2018, 11:21:53 AM As per my knowledge, The reason behind this drop is people don't hold their money. If they see a quick change in any coin, they simply trade their coin and convert it to another coin.
The exchanges are gaining popularity day by day. Second is, there are so many scams around bitcoin in past 1 year. My full telegram group is filled with spammers as well as ICO holders. Exchanges like hitbtc is also a spam. So, I guess we simply use some good exchange and HODL our currency and I promise, it will not go in vain. I personally use binance and kucoin and this page really give some good review about both of them, I advise you to read this binance review (https://universalreview.net/binance-exchange-reviews/)and kucoin review (https://universalreview.net/kucoin-exchange-reviews/). Title: Re: Bitter truth behind the market crash Post by: polyballz on July 02, 2018, 11:44:12 AM The bitter truth behind the fall of the market is the collapse of our investment, but in the crypto actually nothing fails, because if you buy bitcoin at a high price, after a few days the bitcoin price goes down, you can withhold bitcoin for long-term investment, or if you have courage, you can buy more bitcoins at current prices, so your losses can be paid off with a slight bitcoin price increase.
Its fall in bitcoin prices is caused by too much selling rather than demand. Title: Re: Bitter truth behind the market crash Post by: raidarksword on July 02, 2018, 11:49:27 AM That market works, basically. People panic selling due to market crash and that their choice they cannot be blamed of their actions. There are still people wants to hold no matter happens and they are true holders, never panicked at all. As of today market is getting better day after day to say at least. Still so many believers that bitcoin can recover on full steam.
Title: Re: Bitter truth behind the market crash Post by: iram3130 on July 02, 2018, 11:55:49 AM I think those who bought at a very high price are the one selling for cheap now. Most of them had zero knowledge on crypto but bought them because they thought it will make them rich overnight.
Title: Re: Bitter truth behind the market crash Post by: DoublerHunter on July 02, 2018, 12:12:45 PM I think one of the truth behind the market crash is, it is not a manipulated movement for the price because it is all driven by the emotion of the people who bought bitcoin and since they seeing that the price of bitcoin is keep on going down, they also sell their coin which contribute to the dump and make the price goes even lower.
Title: Re: Bitter truth behind the market crash Post by: Jetakenare on July 02, 2018, 12:14:26 PM It is very daunting to see your investment go down the drain ,so k don't blame those who are selling. The analysis is quite right and personally I started out in cryptocurrency with the minder of quick cash. It is only now that I am studying and learning. So hopefully others are doing same.
Title: Re: Bitter truth behind the market crash Post by: Offece on July 02, 2018, 12:17:10 PM We have to pass via this hardest time many time in the 12 months cycle. each person is aware of from the past years information that bitcoin usually drop itself at the begin of year and in the end it is going down in the value.they're the best those who definitely push the marketplace upwards, however the process is in reality slow but it does take place.
Title: Re: Bitter truth behind the market crash Post by: ace1105 on July 02, 2018, 12:22:34 PM We have to pass via this hardest time many time in the 12 months cycle. each person is aware of from the past years information that bitcoin usually drop itself at the begin of year and in the end it is going down in the value.they're the best those who definitely push the marketplace upwards, however the process is in reality slow but it does take place. You are right, the best thing to do now is forget temporarily our investments and find other ways to earn new income. Yeah you are right bitcoin is for a long term investments. Title: Re: Bitter truth behind the market crash Post by: silviyako on July 02, 2018, 12:24:02 PM many people jumped to the hype train when the price was increasing rapidly. and now that the price declined, there comes the panic seller causing more decline to the value of bitcoin. they thought they could gain profit in just one night and get rich. g
Title: Re: Bitter truth behind the market crash Post by: CryptoLucy on July 02, 2018, 12:33:50 PM in my opinion bitcoin drop it was good for the market, market becomes riper. HODL
Title: Re: Bitter truth behind the market crash Post by: winterland on July 02, 2018, 04:47:34 PM The Crypto market is crashing... Now BTC= 7400$ & Eth=400$ Truth is never bitter it is just what it is and I think your analysis is spot on, many of the people that began buying at the end of 2017 were people that only wanted one thing and that was money, unfortunately they were not professional traders or investors since it was obvious the market was overvalued already so they bought at the worst possible time and now they are paying the consequences.What happened to BTC? 1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably. 80% of them have 0 technical knowledge about Cryptocurrencies. 90% of them does not believe in Bitcoin. 20% of them have absolutely no idea what a cryptocurrency is and how the market behaves. 70% of them just wanted some quick profit. 2.Some idiots bought and sold for quick money and dumped the market. 3.Some people got panic and started selling. 4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices. What happened to Eth and Ethereum tokens? 1.BTC going down = Eth going down 2.People with 0 crypto knowledge started investing in ICO's. 3.People with 0 crypto knowledge started doing bounties. (Those are the spammers in Bitcointalk) 4.That two kind of people started dumping ICO's for quick earnings 5.Scam ICO's and useless ICO's came in to play. 6.Because of the ICO flood, ICO's became less profitable. 7. So some ICO investors lost their faith. So Eth and most of its tokens crashed. What happened to Other coins? BTC going down = Every other coin going down What will happen next? 1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich. 2.Some people will leave the Crypto market. 3.Believers will HODL. 4.The market will slowly recover. Title: Re: Bitter truth behind the market crash Post by: traderethereum on July 03, 2018, 12:45:10 PM and many of them is regret because they only join in the cryptocurrency without having a knowledge or learning something related to cryptocurrency. but I am sure that some of them still hold their coins because they still believe that the market will recover and right now, they see that the time will come and they hope that they can sell their coins to recover their money or even to make a profit. the holder will make a big profit because they can hold their coins in the bad situations and they still survive until now and the holder will have a big smile in the face.
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