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Title: Bitcoin Prices Are Falling Again. The Cause? Post by: Hydrogen on June 14, 2018, 04:54:12 AM Quote Bitcoin fell 2% early on Wednesday, dropping as low as $6,385. Other than one brief period in early February, when the cryptocurrency dipped below $6,000, today marks the lowest point for Bitcoin in 2018. The latest Bitcoin crash appears to be a reaction to the release of a new study by University of Texas-Austin researchers (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066) indicating that Bitcoin prices were manipulated last year—when Bitcoin soared from $800 to nearly $20,000. The New York Times report on the study explained that a “concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year.” The research, conducted by University of Texas finance professor John M. Griffin and graduate student Amin Shams, presents evidence that another cryptocurrency called Tether was used to purchase Bitcoin after market downturns, thereby propping up Bitcoin prices. “Tether seems to be used both to stabilize and manipulate Bitcoin prices,” the researchers say in the study. Tether was created by a crypto exchange called Bitfinex, whose executives strongly denies the claims. “Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of Bitcoin or any other coin/token on Bitfinex,” Bitfinex CEO J.L. van der Velde said in a message sent to Business Insider. The University of Texas researchers tracked millions of cryptocurrency transactions last year, and say that the “patterns cannot be explained by investor demand proxies” and instead seemed to arise through the strategic use of Tether. What’s more, this scenario brings with it the possibility of huge profits for Tether creators, the study states: “If Bitcoin prices increase, then the founders can cash out the acquired Bitcoins into dollars, likely at a slower pace and on an opaque channel that has less price impact than their initial buying behavior. If the Tether issuers wish to legitimize Tether and avoid scrutiny, they can convert some of their cryptocurrencies to U.S. dollars and retrospectively provide dollar reserves for Tether.” After skyrocketing in value in 2017, Bitcoin and other cryptocurrencies have collapsed through much of this year. Bitcoin fell 40% during the course of one week at the end of January, and cryptos like Ethereum, Ripple, and Litecoin dropped more than 25% in a single day. The cryptocurrency crash is still happening today. Litecoin, for one, decreased to a new low for 2018 on Wednesday, hitting $97—a dip of nearly 75% off the all-time high of $379 in December. Much like the sharp increases of 2017, the steep declines for cryptocurrencies over the past few months are hard to fully explain. Most observers chalk them up to a combination of countries cracking down on crypto exchanges and investors either seeking to cash out their profits or eat their losses. Or more people could be accepting the premise of critics like billionaire investor Warren Buffett and Nobel-winning economist Robert Shiller, who basically say that Bitcoin is a scam, or at least a bubble that’s bound to pop. Hackers and the possibility of price manipulation seem to also be concerns for crypto investors. After a South Korean crypto exchange said it was hacked last week, Bitcoin tumbled 10%. In addition to the new University of Texas report on Bitcoin price manipulation, U.S. investigators are looking into whether several cryptocurrency exchanges have been manipulating prices, the Wall Street Journal reported last week. In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” http://time.com/money/5310924/bitcoin-price-manipulation-tether/ I haven't yet read the study which claims a link between tether and bitcoin. My initial impressions are its a BS claim. Tether lacks the market cap to significantly affect bitcoin's price. The amount of purchasing volume necessary to manipulate the price of bitcoin up near $20k is far in excess of bitfinex or tether's net worth. If the price of bitcoin was manipulated there are far better ways of explaining it. Crypto exchanges which lack trade commissions are probably a better explanation for market manipulation as it could allow traders to buy and sell to themselves on multiple accounts on an exchange without incurring significant losses. The last line of this article seems to contradict itself: Quote In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” This is what comes to mind, reading the last part. http://i65.tinypic.com/w7lc1j.jpg The idea of a crypto market being "enslaved" under surveillance and monitoring, in order to achieve "freedom" could be a form of "freedom is slavery" political posturing. If the context is correct. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: davis196 on June 14, 2018, 05:06:04 AM Tether might have insufficient funds to pump the bitcoin price to 19000 USD,but that doesn`t mean that such price manipulation can`t be done.Every price bubble is like a snowball.The price needs a small push in the market demand,in order to get the ball rolling and get new buyers.Then the FOMO beats the FUD and we have a speculation bubble.Is the BTC price manipulated by the crypto whales?Yes,off course it is,but who cares.
We are waiting for another manipulation that will bring the price to a new ATH. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Hydrogen on June 14, 2018, 05:25:44 AM Tether might have insufficient funds to pump the bitcoin price to 19000 USD,but that doesn`t mean that such price manipulation can`t be done.Every price bubble is like a snowball.The price needs a small push in the market demand,in order to get the ball rolling and get new buyers.Then the FOMO beats the FUD and we have a speculation bubble. What "investigators" should be looking at imo are exchanges where buying and selling carry no commission charge. This would make it possible for investors to buy and sell bitcoin to themselves on multiple accounts at elevated prices without incurring the losses they normally would incur from commission fees. If I remember right, a significant portion of bitcoin's price inflation in 2017 came from south korean exchanges which offered buying/selling with zero commission fees. The bitfinex/tether "investigation" has been "underway" for near to 6 months. If they haven't found concrete evidence by now, I doubt any exists. That said, anyone interested in this should look at the daily buy/sell volume for an exchange like poloniex. According to this it is around $18 million dollars: https://coinmarketcap.com/exchanges/poloniex/ How much disposable cash liquidity does bitfinex/tether have on hand to spend? Is it enough to prop up bitcoin's price for 12-18 months straight and make a sizable dent on exchanges which normally do upwards of $18 million in trading per day? The answer is likely: no. If bitfinex/tether is guilty, there should be a money trail investigators can follow. They should be able to link accounts on exchanges back to bitfinex personnel and prove beyond a doubt the alleged market manipulation occurred. All they have is a "research paper" which appears to indicate they have zero evidence of collusion there. Am I wrong? Someone tell me. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Stac on June 14, 2018, 05:38:00 AM Bitcoins prices are falling as there was a korean exchange got hacked which lead to the fall in the crypto currency market. The financial markets will not be stable for longer time, there will be a bubble and popping time and investors look for the markets to get down to invest in the crypto currency market as there is good potential for the crypto currencies to increase its price, and when the prices goes up the investors sell them to earn profits from the returns of the investment and will look to re- invest when the prices get down so on and so forth.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: randythered on June 14, 2018, 07:18:33 AM Normally when such a report comes out the truth is somewhere in the middle of the two sides and I suspect the same is true here. I agree with your thoughts about tether and bitfinex not having enough funds behind them to influence the market in such a significant way. That however doesn't mean they can't have manipulated it in some capacity. As davis196 said they only need to get the ball moving in a lot of cases. I think potential tether manipulation is just one part of a much larger explanation for the growth we saw in 2017.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Kate Beckett on June 14, 2018, 07:30:27 AM The bitcoin rate fell again after the statement of the South Korean crypto exchange that it was subjected to a cyberattack. Technically, and especially fundamentally, there are reasons today for quotes to continue to decline. The current pause will be used by "bears" to consolidate efforts and pressure on the bitcoin rate to new minimum values.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Saiful Islam777 on June 14, 2018, 07:42:14 AM Bitcoin prices have started to fall. some days, the currency market will be unstable. Now, while investing in crypto currency market, they can achieve doubling profits with prices.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: clickerz on June 14, 2018, 08:54:18 AM The cause maybe with the Announcement pf investigations with insider trading on some big exchanges. Whales maybe cashing out, and it causes price dump. In addition there is also a hacking incident on big exchanges, an asian whale who is moving his BTC to houbi and so forth. So much FUD maybe.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: dothebeats on June 14, 2018, 08:59:17 AM It's normal for people to point the blame on to something they know that took quite a hit in the past, and Tether is a likely target for the unknowing people wanting to summarize what really happened on the 2017 ATH run. I'd also believe that the Koreans were a large part of the said bull run due to their exchanges having 0 commission fees for every trade since, as OP put it, no amount of losses whatsoever would be incurred no matter how many times one person or group of people were to execute the same kind of trades to inflate the prices over and over again. Tether, on the other hand doesn't really have the financial capability to inflate the prices that much, nor even make a dent into bitcoin's run in 2017. This is just another try to get views without really looking into fundamentals and possibilities.
As for the price crashes of today, I don't think it's the lack of regulation that causes these hard hits on bitcoin but rather, the waning interest of the general public and lack of support from the bulls currently. Honestly, I don't see why the average people would buy bitcoin at this point of time, given that there's no incentive for them short-term and long-term, they might just lose money. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: ShadowBits on June 14, 2018, 09:05:34 AM Quote Bitcoin fell 2% early on Wednesday, dropping as low as $6,385. Other than one brief period in early February, when the cryptocurrency dipped below $6,000, today marks the lowest point for Bitcoin in 2018. The latest Bitcoin crash appears to be a reaction to the release of a new study by University of Texas-Austin researchers (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066) indicating that Bitcoin prices were manipulated last year—when Bitcoin soared from $800 to nearly $20,000. The New York Times report on the study explained that a “concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year.” The research, conducted by University of Texas finance professor John M. Griffin and graduate student Amin Shams, presents evidence that another cryptocurrency called Tether was used to purchase Bitcoin after market downturns, thereby propping up Bitcoin prices. “Tether seems to be used both to stabilize and manipulate Bitcoin prices,” the researchers say in the study. Tether was created by a crypto exchange called Bitfinex, whose executives strongly denies the claims. “Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of Bitcoin or any other coin/token on Bitfinex,” Bitfinex CEO J.L. van der Velde said in a message sent to Business Insider. The University of Texas researchers tracked millions of cryptocurrency transactions last year, and say that the “patterns cannot be explained by investor demand proxies” and instead seemed to arise through the strategic use of Tether. What’s more, this scenario brings with it the possibility of huge profits for Tether creators, the study states: “If Bitcoin prices increase, then the founders can cash out the acquired Bitcoins into dollars, likely at a slower pace and on an opaque channel that has less price impact than their initial buying behavior. If the Tether issuers wish to legitimize Tether and avoid scrutiny, they can convert some of their cryptocurrencies to U.S. dollars and retrospectively provide dollar reserves for Tether.” After skyrocketing in value in 2017, Bitcoin and other cryptocurrencies have collapsed through much of this year. Bitcoin fell 40% during the course of one week at the end of January, and cryptos like Ethereum, Ripple, and Litecoin dropped more than 25% in a single day. The cryptocurrency crash is still happening today. Litecoin, for one, decreased to a new low for 2018 on Wednesday, hitting $97—a dip of nearly 75% off the all-time high of $379 in December. Much like the sharp increases of 2017, the steep declines for cryptocurrencies over the past few months are hard to fully explain. Most observers chalk them up to a combination of countries cracking down on crypto exchanges and investors either seeking to cash out their profits or eat their losses. Or more people could be accepting the premise of critics like billionaire investor Warren Buffett and Nobel-winning economist Robert Shiller, who basically say that Bitcoin is a scam, or at least a bubble that’s bound to pop. Hackers and the possibility of price manipulation seem to also be concerns for crypto investors. After a South Korean crypto exchange said it was hacked last week, Bitcoin tumbled 10%. In addition to the new University of Texas report on Bitcoin price manipulation, U.S. investigators are looking into whether several cryptocurrency exchanges have been manipulating prices, the Wall Street Journal reported last week. In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” http://time.com/money/5310924/bitcoin-price-manipulation-tether/ I haven't yet read the study which claims a link between tether and bitcoin. My initial impressions are its a BS claim. Tether lacks the market cap to significantly affect bitcoin's price. The amount of purchasing volume necessary to manipulate the price of bitcoin up near $20k is far in excess of bitfinex or tether's net worth. If the price of bitcoin was manipulated there are far better ways of explaining it. Crypto exchanges which lack trade commissions are probably a better explanation for market manipulation as it could allow traders to buy and sell to themselves on multiple accounts on an exchange without incurring significant losses. The last line of this article seems to contradict itself: Quote In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” This is what comes to mind, reading the last part. http://i65.tinypic.com/w7lc1j.jpg The idea of a crypto market being "enslaved" under surveillance and monitoring, in order to achieve "freedom" could be a form of "freedom is slavery" political posturing. If the context is correct. It is so obvious that people got scared again because of one exchange that has been hacked. Well, for my own understanding it is some people plan to bring down Bitcoin more. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Ranly123 on June 14, 2018, 09:15:31 AM Tether might have insufficient funds to pump the bitcoin price to 19000 USD,but that doesn`t mean that such price manipulation can`t be done.Every price bubble is like a snowball.The price needs a small push in the market demand,in order to get the ball rolling and get new buyers.Then the FOMO beats the FUD and we have a speculation bubble.Is the BTC price manipulated by the crypto whales?Yes,off course it is,but who cares. We are waiting for another manipulation that will bring the price to a new ATH. That's right. Who cares if the price is manipulated by those whales. As long as we ride the tide then there should be a possibility that we are going to reach another ATH for Bitcoin. Yet, only the strong hands can ride the tide and not those people who panic when seeing the market drop. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Lorence.xD on June 14, 2018, 09:27:19 AM Tether might have insufficient funds to pump the bitcoin price to 19000 USD,but that doesn`t mean that such price manipulation can`t be done.Every price bubble is like a snowball.The price needs a small push in the market demand,in order to get the ball rolling and get new buyers.Then the FOMO beats the FUD and we have a speculation bubble.Is the BTC price manipulated by the crypto whales?Yes,off course it is,but who cares. We are waiting for another manipulation that will bring the price to a new ATH. That's right. Who cares if the price is manipulated by those whales. As long as we ride the tide then there should be a possibility that we are going to reach another ATH for Bitcoin. Yet, only the strong hands can ride the tide and not those people who panic when seeing the market drop. Market is Volatile, it react to anything either good news or bad news posted on the treed, there are a lot of indicators that could affect the price value of Bitcoin, the behavior of investors on the Trading (Buying and Selling), fundamentals, oversold, HODL, FUD, and a lot more, but the good news is, Bitcoin remain on the top of all ALT coin and recovering, corrective rally on the market preview, and rebound to better price value. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: pey on June 14, 2018, 09:27:29 AM There are lots of causes of the fall in the market but for me it is just an repeat of history. Factors may change over time but the cycle does not change.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: audaciousbeing on June 14, 2018, 02:00:51 PM I haven't yet read the study which claims a link between tether and bitcoin. My initial impressions are its a BS claim. Tether lacks the market cap to significantly affect bitcoin's price. The amount of purchasing volume necessary to manipulate the price of bitcoin up near $20k is far in excess of bitfinex or tether's net worth. If the price of bitcoin was manipulated there are far better ways of explaining it. Crypto exchanges which lack trade commissions are probably a better explanation for market manipulation as it could allow traders to buy and sell to themselves on multiple accounts on an exchange without incurring significant losses. The last line of this article seems to contradict itself: Quote In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” This is what comes to mind, reading the last part. http://i65.tinypic.com/w7lc1j.jpg The idea of a crypto market being "enslaved" under surveillance and monitoring, in order to achieve "freedom" could be a form of "freedom is slavery" political posturing. If the context is correct. The research about Tether being used to manipulate the price of bitcoin is not something new as I have read several times on the forum on the possibility of that and with compelling argument difficult to ignore but there is still some gaps in such conclusions. If Tether is being used, I believe Tether itself is still in existence then why do we still have a downward trend in price. Another thought is that, while not ignoring the possibility of Tether in price manipulation, I think its wrong to totally ascribe the increase to that only factor because during that time, we have not had any issue concerning Facebook planning to ban crypto or Google or Twitter and these are powerful major platforms in which the message are spread to the mass populace. In addition to that, we also have not had the aggressive KYCs that we have now which has made a lot of people lose interest because their anonymity is no longer guaranteed. These and many other reasons are factors that played a great role in the all time high price period. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Yatsan on June 14, 2018, 02:59:58 PM The cause maybe with the Announcement pf investigations with insider trading on some big exchanges. Whales maybe cashing out, and it causes price dump. In addition there is also a hacking incident on big exchanges, an asian whale who is moving his BTC to houbi and so forth. So much FUD maybe. Same news i have read yesterday, the whales or institutional investors are trying to pulling off and controlling the price of bitcoin just by cashing out so the price will vary as the effect. As far as i know whales do have the 30% of the circulating supply of bitcoin and so does they handle a large portion of the bitcoin's price. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: gilangIDR on June 14, 2018, 03:03:20 PM The cause maybe with the Announcement pf investigations with insider trading on some big exchanges. Whales maybe cashing out, and it causes price dump. In addition there is also a hacking incident on big exchanges, an asian whale who is moving his BTC to houbi and so forth. So much FUD maybe. Same news i have read yesterday, the whales or institutional investors are trying to pulling off and controlling the price of bitcoin just by cashing out so the price will vary as the effect. As far as i know whales do have the 30% of the circulating supply of bitcoin and so does they handle a large portion of the bitcoin's price. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: wantjokull on June 14, 2018, 04:10:41 PM There are lots of causes of the fall in the market but for me it is just an repeat of history. Factors may change over time but the cycle does not change. Oh come on! What reasons and what history? Nothing is getting explained here at all. History doesn't repeat itself and as you said different factors explains the fate of bitcoin all the time. Quote “Tether seems to be used both to stabilize and manipulate Bitcoin prices,” the researchers say in the study. This can be something and completely reasonable to disturb the bitcoin. Most of the time when crypto currencies are getting up and down then Tether is the first place where all the money goes. This takes out most of the market cap and drive it into the USDT. But, its just guess and non conclusive proof of this! Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: okala on June 14, 2018, 04:25:24 PM Now that the research conduct by the Texas university indicate that there is a manipulation in the market and that is why we see the high pump in price we witnessed last year I think we can still do the same now. The campaign about were bitcoin should be in price can be copy from last year and we can create another FUD again for price pumpping.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: LuciferEveningStar on June 14, 2018, 04:33:24 PM Now that the research conduct by the Texas university indicate that there is a manipulation in the market and that is why we see the high pump in price we witnessed last year I think we can still do the same now. The campaign about were bitcoin should be in price can be copy from last year and we can create another FUD again for price pumpping. Yes you are right, fud is always manipulating the prices in the market so the best thing today is just wait for the prices to grow before selling, in this way we can assure that our coins will be safer to hold since market will go back to normal when bad news are done spreading and market will pump again. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: hsyncl on June 14, 2018, 04:34:21 PM I still can not understand why Bitcoin falls. The volume is starting to increase, suddenly it is cutting. It is followed by more and more people than last years. I'm really surprised why the rise does not happen.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: marinakofoleva on June 14, 2018, 05:17:42 PM There are several reasons. One reason, there is no permanence in the storage of bitcoins and any cryptocurrency. Exchanges cannot provide a reliable system for storing bitcoins. That is why the price falls. The second reason, as follows from the first, there is no influx of new investors.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: jhongzjhong on June 14, 2018, 05:40:48 PM I do believe that this price falling was made by those whales, they played the market price to fall down the price and of course, people that small bitcoin holders easy to panic and to sold-out their bitcoin hold. There's an article that I read says those whales are having a big share on bitcoin so they are easy to manipulate the price of bitcoin. Well, simple if you have a strong feeling to hold your bitcoin, you must ride the whale until the price was back.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: LeGaulois on June 14, 2018, 05:50:15 PM The article looks like someone trying to find something negative to say about Bitcoin and so uses Tether as an argument for what seems to be more a propaganda than a case study. And if it was really the case then all altcoins wouldn't have followed the same Bitcoin path, despite the fact people usually say altcoins values depend on Bitcoin value
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Harlot on June 14, 2018, 05:58:11 PM Last 2 days ago I read a news that the recent price drop that Bitcoin experienced was caused by the hacked of a Korean Exchange, Coinrail, which cost them to lose 40,000,000$ in cryptocurrencies. So which is which? What is the real news that cause Bitcoin to go down. We often relate news after the price action at happened as we are like detective connecting the dots of a past event, but where are the people now who are predicting the future price action with news that will surely affect it? The answer is none, as it isn't is effective as linking the news after the price action has already happened.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: bitcad4u on June 14, 2018, 06:06:39 PM Whatever it be the cause of bitcoin price fall.I will choose to inverse at dip.The people who had invested at the dip ,gain a lot of profit.For this you have to choose the easy things.You have to buy more as much possible at the dip and sell at the maximum raise.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: darkangel11 on June 14, 2018, 06:32:11 PM There are several reasons. One reason, there is no permanence in the storage of bitcoins and any cryptocurrency. Exchanges cannot provide a reliable system for storing bitcoins. That is why the price falls. The second reason, as follows from the first, there is no influx of new investors. Because exchanges were never meant to store coins. They are there to allow people to buy and sell, and once the orders are filled one should move the funds out of there ASAP. People are trying to speculate too much, forgetting that trading is actually much more risky than holding. Once you give away the control of your keys, and that's what you're doing when your money is sent to an exchange, you are at their mercy. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Surge_Dev on June 14, 2018, 08:32:08 PM The rate depends on the supply-demand ratio, and the most notable price jumps are provoked by the owners of solid assets. As a result of their actions, there is a sharp increase in the number of people who want to buy a crypto currency or sell it as soon as possible. With the increase in demand, the bitcoin rate also rises, if the demand falls below the usual level, the rate of the crypto currency is lowered.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: supercanada1 on June 14, 2018, 09:02:38 PM Quote Bitcoin fell 2% early on Wednesday, dropping as low as $6,385. Other than one brief period in early February, when the cryptocurrency dipped below $6,000, today marks the lowest point for Bitcoin in 2018. The latest Bitcoin crash appears to be a reaction to the release of a new study by University of Texas-Austin researchers (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066) indicating that Bitcoin prices were manipulated last year—when Bitcoin soared from $800 to nearly $20,000. The New York Times report on the study explained that a “concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year.” The research, conducted by University of Texas finance professor John M. Griffin and graduate student Amin Shams, presents evidence that another cryptocurrency called Tether was used to purchase Bitcoin after market downturns, thereby propping up Bitcoin prices. “Tether seems to be used both to stabilize and manipulate Bitcoin prices,” the researchers say in the study. Tether was created by a crypto exchange called Bitfinex, whose executives strongly denies the claims. “Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of Bitcoin or any other coin/token on Bitfinex,” Bitfinex CEO J.L. van der Velde said in a message sent to Business Insider. The University of Texas researchers tracked millions of cryptocurrency transactions last year, and say that the “patterns cannot be explained by investor demand proxies” and instead seemed to arise through the strategic use of Tether. What’s more, this scenario brings with it the possibility of huge profits for Tether creators, the study states: “If Bitcoin prices increase, then the founders can cash out the acquired Bitcoins into dollars, likely at a slower pace and on an opaque channel that has less price impact than their initial buying behavior. If the Tether issuers wish to legitimize Tether and avoid scrutiny, they can convert some of their cryptocurrencies to U.S. dollars and retrospectively provide dollar reserves for Tether.” After skyrocketing in value in 2017, Bitcoin and other cryptocurrencies have collapsed through much of this year. Bitcoin fell 40% during the course of one week at the end of January, and cryptos like Ethereum, Ripple, and Litecoin dropped more than 25% in a single day. The cryptocurrency crash is still happening today. Litecoin, for one, decreased to a new low for 2018 on Wednesday, hitting $97—a dip of nearly 75% off the all-time high of $379 in December. Much like the sharp increases of 2017, the steep declines for cryptocurrencies over the past few months are hard to fully explain. Most observers chalk them up to a combination of countries cracking down on crypto exchanges and investors either seeking to cash out their profits or eat their losses. Or more people could be accepting the premise of critics like billionaire investor Warren Buffett and Nobel-winning economist Robert Shiller, who basically say that Bitcoin is a scam, or at least a bubble that’s bound to pop. Hackers and the possibility of price manipulation seem to also be concerns for crypto investors. After a South Korean crypto exchange said it was hacked last week, Bitcoin tumbled 10%. In addition to the new University of Texas report on Bitcoin price manipulation, U.S. investigators are looking into whether several cryptocurrency exchanges have been manipulating prices, the Wall Street Journal reported last week. In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” http://time.com/money/5310924/bitcoin-price-manipulation-tether/ I haven't yet read the study which claims a link between tether and bitcoin. My initial impressions are its a BS claim. Tether lacks the market cap to significantly affect bitcoin's price. The amount of purchasing volume necessary to manipulate the price of bitcoin up near $20k is far in excess of bitfinex or tether's net worth. If the price of bitcoin was manipulated there are far better ways of explaining it. Crypto exchanges which lack trade commissions are probably a better explanation for market manipulation as it could allow traders to buy and sell to themselves on multiple accounts on an exchange without incurring significant losses. The last line of this article seems to contradict itself: Quote In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” This is what comes to mind, reading the last part. http://i65.tinypic.com/w7lc1j.jpg The idea of a crypto market being "enslaved" under surveillance and monitoring, in order to achieve "freedom" could be a form of "freedom is slavery" political posturing. If the context is correct. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Dancobit on June 14, 2018, 09:49:04 PM Yes, because the volume of Bitcoin is not much and the circulation is uneven, so the Bitcoin movement is very sensitive to the actions of the holder. When a person buys or sells Bitcoin in large quantities, then the price can instantly move extreme. If in the future Bitcoin volume increases and distribution is distributed evenly, then volatility will slack off by itself.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Colt22 on June 14, 2018, 10:55:30 PM I still can not understand why Bitcoin falls. The volume is starting to increase, suddenly it is cutting. It is followed by more and more people than last years. I'm really surprised why the rise does not happen. It was just a fluctuation which occures at some interval now the price is again better and it is on the upward direction. I hope that in the coming months the price of bitcoin will reach to $15000 or may reach to more higher than that because it is not hard for bitcoin.Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: yvesp110 on June 15, 2018, 07:34:31 PM Quote Bitcoin fell 2% early on Wednesday, dropping as low as $6,385. Other than one brief period in early February, when the cryptocurrency dipped below $6,000, today marks the lowest point for Bitcoin in 2018. The latest Bitcoin crash appears to be a reaction to the release of a new study by University of Texas-Austin researchers (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066) indicating that Bitcoin prices were manipulated last year—when Bitcoin soared from $800 to nearly $20,000. The New York Times report on the study explained that a “concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year.” The research, conducted by University of Texas finance professor John M. Griffin and graduate student Amin Shams, presents evidence that another cryptocurrency called Tether was used to purchase Bitcoin after market downturns, thereby propping up Bitcoin prices. “Tether seems to be used both to stabilize and manipulate Bitcoin prices,” the researchers say in the study. Tether was created by a crypto exchange called Bitfinex, whose executives strongly denies the claims. “Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of Bitcoin or any other coin/token on Bitfinex,” Bitfinex CEO J.L. van der Velde said in a message sent to Business Insider. The University of Texas researchers tracked millions of cryptocurrency transactions last year, and say that the “patterns cannot be explained by investor demand proxies” and instead seemed to arise through the strategic use of Tether. What’s more, this scenario brings with it the possibility of huge profits for Tether creators, the study states: “If Bitcoin prices increase, then the founders can cash out the acquired Bitcoins into dollars, likely at a slower pace and on an opaque channel that has less price impact than their initial buying behavior. If the Tether issuers wish to legitimize Tether and avoid scrutiny, they can convert some of their cryptocurrencies to U.S. dollars and retrospectively provide dollar reserves for Tether.” After skyrocketing in value in 2017, Bitcoin and other cryptocurrencies have collapsed through much of this year. Bitcoin fell 40% during the course of one week at the end of January, and cryptos like Ethereum, Ripple, and Litecoin dropped more than 25% in a single day. The cryptocurrency crash is still happening today. Litecoin, for one, decreased to a new low for 2018 on Wednesday, hitting $97—a dip of nearly 75% off the all-time high of $379 in December. Much like the sharp increases of 2017, the steep declines for cryptocurrencies over the past few months are hard to fully explain. Most observers chalk them up to a combination of countries cracking down on crypto exchanges and investors either seeking to cash out their profits or eat their losses. Or more people could be accepting the premise of critics like billionaire investor Warren Buffett and Nobel-winning economist Robert Shiller, who basically say that Bitcoin is a scam, or at least a bubble that’s bound to pop. Hackers and the possibility of price manipulation seem to also be concerns for crypto investors. After a South Korean crypto exchange said it was hacked last week, Bitcoin tumbled 10%. In addition to the new University of Texas report on Bitcoin price manipulation, U.S. investigators are looking into whether several cryptocurrency exchanges have been manipulating prices, the Wall Street Journal reported last week. In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” http://time.com/money/5310924/bitcoin-price-manipulation-tether/ I haven't yet read the study which claims a link between tether and bitcoin. My initial impressions are its a BS claim. Tether lacks the market cap to significantly affect bitcoin's price. The amount of purchasing volume necessary to manipulate the price of bitcoin up near $20k is far in excess of bitfinex or tether's net worth. If the price of bitcoin was manipulated there are far better ways of explaining it. Crypto exchanges which lack trade commissions are probably a better explanation for market manipulation as it could allow traders to buy and sell to themselves on multiple accounts on an exchange without incurring significant losses. The last line of this article seems to contradict itself: Quote In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” This is what comes to mind, reading the last part. http://i65.tinypic.com/w7lc1j.jpg The idea of a crypto market being "enslaved" under surveillance and monitoring, in order to achieve "freedom" could be a form of "freedom is slavery" political posturing. If the context is correct. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Mhd-Bobbi on June 15, 2018, 08:11:53 PM Quote Bitcoin fell 2% early on Wednesday, dropping as low as $6,385. Other than one brief period in early February, when the cryptocurrency dipped below $6,000, today marks the lowest point for Bitcoin in 2018. The latest Bitcoin crash appears to be a reaction to the release of a new study by University of Texas-Austin researchers (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066) indicating that Bitcoin prices were manipulated last year—when Bitcoin soared from $800 to nearly $20,000. The New York Times report on the study explained that a “concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year.” The research, conducted by University of Texas finance professor John M. Griffin and graduate student Amin Shams, presents evidence that another cryptocurrency called Tether was used to purchase Bitcoin after market downturns, thereby propping up Bitcoin prices. “Tether seems to be used both to stabilize and manipulate Bitcoin prices,” the researchers say in the study. Tether was created by a crypto exchange called Bitfinex, whose executives strongly denies the claims. “Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of Bitcoin or any other coin/token on Bitfinex,” Bitfinex CEO J.L. van der Velde said in a message sent to Business Insider. The University of Texas researchers tracked millions of cryptocurrency transactions last year, and say that the “patterns cannot be explained by investor demand proxies” and instead seemed to arise through the strategic use of Tether. What’s more, this scenario brings with it the possibility of huge profits for Tether creators, the study states: “If Bitcoin prices increase, then the founders can cash out the acquired Bitcoins into dollars, likely at a slower pace and on an opaque channel that has less price impact than their initial buying behavior. If the Tether issuers wish to legitimize Tether and avoid scrutiny, they can convert some of their cryptocurrencies to U.S. dollars and retrospectively provide dollar reserves for Tether.” After skyrocketing in value in 2017, Bitcoin and other cryptocurrencies have collapsed through much of this year. Bitcoin fell 40% during the course of one week at the end of January, and cryptos like Ethereum, Ripple, and Litecoin dropped more than 25% in a single day. The cryptocurrency crash is still happening today. Litecoin, for one, decreased to a new low for 2018 on Wednesday, hitting $97—a dip of nearly 75% off the all-time high of $379 in December. Much like the sharp increases of 2017, the steep declines for cryptocurrencies over the past few months are hard to fully explain. Most observers chalk them up to a combination of countries cracking down on crypto exchanges and investors either seeking to cash out their profits or eat their losses. Or more people could be accepting the premise of critics like billionaire investor Warren Buffett and Nobel-winning economist Robert Shiller, who basically say that Bitcoin is a scam, or at least a bubble that’s bound to pop. Hackers and the possibility of price manipulation seem to also be concerns for crypto investors. After a South Korean crypto exchange said it was hacked last week, Bitcoin tumbled 10%. In addition to the new University of Texas report on Bitcoin price manipulation, U.S. investigators are looking into whether several cryptocurrency exchanges have been manipulating prices, the Wall Street Journal reported last week. In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” http://time.com/money/5310924/bitcoin-price-manipulation-tether/ I haven't yet read the study which claims a link between tether and bitcoin. My initial impressions are its a BS claim. Tether lacks the market cap to significantly affect bitcoin's price. The amount of purchasing volume necessary to manipulate the price of bitcoin up near $20k is far in excess of bitfinex or tether's net worth. If the price of bitcoin was manipulated there are far better ways of explaining it. Crypto exchanges which lack trade commissions are probably a better explanation for market manipulation as it could allow traders to buy and sell to themselves on multiple accounts on an exchange without incurring significant losses. The last line of this article seems to contradict itself: Quote In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” This is what comes to mind, reading the last part. http://i65.tinypic.com/w7lc1j.jpg The idea of a crypto market being "enslaved" under surveillance and monitoring, in order to achieve "freedom" could be a form of "freedom is slavery" political posturing. If the context is correct. why bitcoin prices fall. What caused it? I think. because there's a big mafia playing, selling all the bitcoin they get from the bitcoin scam site they made last year, and also the fall of XPY prices is now also the cause of bitcoin decline, and many HYIP sites under the guise of bitcoin investment leading to fraud, and it's time for fraudsters to sell bitcoins from their scams. so, in the heart of the answer, bitcoin prices go down because of the "cheat" coin action that promotes homemade coins and makes huge profits and then runs away. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: 3acaga on June 15, 2018, 08:20:35 PM Hello, the more you and everyone else will come up with topics like this yours, the more people will have panic-caused by such topics and other news on the Internet.
P.S. Come to your senses and stop panicking by spreading ridiculous predictions about the bitcoin course ... Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: bocyaj on June 15, 2018, 08:28:56 PM To be honest .I don't know why people worry about the current price loss.Being a wise trader ,you have inverse in bitcoin for your future.
After this month,we don't it is possible to buy bitcoin at this 6500$,we should waste the opportunity to inverse at low price. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: jackky on June 15, 2018, 08:29:05 PM The bitcoin rate fell again after the statement of the South Korean crypto exchange that it was subjected to a cyberattack. Technically, and especially fundamentally, there are reasons today for quotes to continue to decline. The current pause will be used by "bears" to consolidate efforts and pressure on the bitcoin rate to new minimum values. As far as I know, Korea is one of the strongest developing nations on the internet. I do not think that Korea's exchange is easily attacked by hackers. Maybe this is a fake newsTitle: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: reflector on June 15, 2018, 08:56:22 PM To be honest .I don't know why people worry about the current price loss.Being a wise trader ,you have inverse in bitcoin for your future. After this month,we don't it is possible to buy bitcoin at this 6500$,we should waste the opportunity to inverse at low price. We will never about the price changes but you should confirm what is the reason for the price dumped of the any crpto currencies for usaing mate. Wheever the market is falling first you need to check the potential bump expectation of concern coins bro. This is a least value you gonna see on the crypto currency market will be recovered and big blocked in the price chart bro. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Activitycoin on June 15, 2018, 10:47:54 PM The bitcoin rate fell again after the statement of the South Korean crypto exchange that it was subjected to a cyberattack. Technically, and especially fundamentally, there are reasons today for quotes to continue to decline. The current pause will be used by "bears" to consolidate efforts and pressure on the bitcoin rate to new minimum values. As far as I know, Korea is one of the strongest developing nations on the internet. I do not think that Korea's exchange is easily attacked by hackers. Maybe this is a fake newsTitle: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Altero on June 15, 2018, 11:16:27 PM I still can not understand why Bitcoin falls. The volume is starting to increase, suddenly it is cutting. It is followed by more and more people than last years. I'm really surprised why the rise does not happen. We can hardly predict the trend of our market today due a lot of factors affecting just like FUDs, whales manipulations, banning crypto in some places and hacks in some exchanges sites. As we notice also that, when bitcoin became so popular the more it become volatile. That's why, we never expect that, of what happen in previous years will also be happen in the coming days but it surely there is pump of prices along the way.Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: ladydark on June 15, 2018, 11:38:06 PM There seems no specific reason to say but I suspect that it might be due to the dumping of bitcoins by huge whales.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Slow death on June 15, 2018, 11:39:59 PM I still can not understand why Bitcoin falls. The volume is starting to increase as he said: The prices fall due to fall in the market demand and market demand may fall due to many reasons. It can fall when the price stability in the market is down. It can also fall when there are rumors about the technology. The demand also falls when the government implements laws and regulations against the use of technology. One can also reduce the demand foe a crypto currency when the risk term associated to it is high thereby lowering the prices. @hsyncl see: India’s RBI Eyeing Own Crypto Is Sign of Potential Ban Reversal, Says Ripple Chief (https://cointelegraph.com/news/india-s-rbi-eyeing-own-crypto-is-sign-of-potential-ban-reversal-says-ripple-chief) Vietnam’s Finance Ministry Proposes Temporary Ban on Crypto Mining Hardware Imports (https://cointelegraph.com/news/vietnam-s-finance-ministry-proposes-temporary-ban-on-crypto-mining-hardware-imports) things like that are reducing demand There seems no specific reason to say but I suspect that it might be due to the dumping of bitcoins by huge whales. regulations are the cause of demand reduction Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: mkhadazz on June 16, 2018, 12:13:16 AM bitcoin prices down again may indeed be because there are some changes from the famous exchange place and make people panic and from some media that gives bad news that makes traders will be more panicked.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: richminded on June 16, 2018, 12:25:02 AM bitcoin prices down again may indeed be because there are some changes from the famous exchange place and make people panic and from some media that gives bad news that makes traders will be more panicked. Panicking really the reason why the price are dumping, yes there’s a lot of regulations around the world and negative news on the headlines but we should not panic because the price will continue to fall if we act like this. Let’s all believe in the whole market of cryptocurrency because this is what we need in the future.Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: f150 on June 16, 2018, 12:42:57 AM There seems no specific reason to say but I suspect that it might be due to the dumping of bitcoins by huge whales. no one can explain the reason for it all that causes Bitcoin to continue falling, but we have to think positively and believe that Bitcoin will not always fall and will definitely rise again later even though the big whales throw it away.Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: randythered on June 16, 2018, 02:01:10 AM The 3 pages of responses largely covering different topics from manipulation, to regulation etc are evidence enough that no one single thing is behind the bitcoin price falling, it's a combination of things and it's so important that people begin to realise that and stop putting so much weight and action behind certain news stories and instances.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: nur rochid on June 16, 2018, 05:32:38 AM There seems no specific reason to say but I suspect that it might be due to the dumping of bitcoins by huge whales. no one can explain the reason for it all that causes Bitcoin to continue falling, but we have to think positively and believe that Bitcoin will not always fall and will definitely rise again later even though the big whales throw it away.Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: gaxfrwpy on June 16, 2018, 06:04:33 AM I think some recent exchanges may be the biggest reason for the falling market. There are many exchanges dealing with insider trading, and some media reports that some big exchanges manipulate bitcoin futures, which has led investors to lose a lot of money.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Osarman on June 16, 2018, 06:52:16 AM Tether might have insufficient funds to pump the bitcoin price to 19000 USD,but that doesn`t mean that such price manipulation can`t be done.Every price bubble is like a snowball.The price needs a small push in the market demand,in order to get the ball rolling and get new buyers.Then the FOMO beats the FUD and we have a speculation bubble.Is the BTC price manipulated by the crypto whales?Yes,off course it is,but who cares. May be you are right because I am living in third world country, I don’t know about that. But it is right that the market has been manipulated and due to which the price is controlled. People in this day think that the falling price is due to huge manipulation. The market of bitcoin is losing its value and people are turning to other sides which are not good for bitcoin.We are waiting for another manipulation that will bring the price to a new ATH. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: jonatuzc on June 16, 2018, 10:39:09 AM I don’t know what you’re talking about, but does having freedom makes you a slave? Does fighting war put you in peace? Well… As for ignorance, in some circumstances you might consider it as strength. But you can’t be telling me that having freedom means slavery.
Why would you be expecting the price of Bitcoin to be going up steady? Don’t you know that the current price of Bitcoin is as a result of being manipulated by the whales? They pump the price, and when it’s pumped, the next thing you should expect is a dump. Another thing you might need to understand is that Bitcoin is volatile, being volatile doesn’t mean that Bitcoin will be going up only, no, that means fluctuating from place to another (up and down) Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: bongnor531 on June 16, 2018, 10:50:19 AM Although I have yet to do in-depth research on the topic, I would assume that the truth is somewhere in between. I could imagine such a claim, but I believe there are other factors affecting Bitcoin's price as well.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: davinchi on June 16, 2018, 11:09:50 AM Normally when such a report comes out the truth is somewhere in the middle of the two sides and I suspect the same is true here. I agree with your thoughts about tether and bitfinex not having enough funds behind them to influence the market in such a significant way. That however doesn't mean they can't have manipulated it in some capacity. As davis196 said they only need to get the ball moving in a lot of cases. I think potential tether manipulation is just one part of a much larger explanation for the growth we saw in 2017. My question is what do we even need? Why should we be expecting that the price of Bitcoin be going up always? Why do we say that Bitcoin is volatile; do we ever think of what we mean by that? We have all known from the start that the price of Bitcoin is moved by the rate of demand and supply and when much money is being put in the price flows to the up direction and increases. With that we already know that the price of Bitcoin can be manipulated by people, if you have what it takes to do so.Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: SirLancelot on June 16, 2018, 12:17:35 PM I’m not getting the point, but from what I just read does that mean that Bitcoin is a bubble like many people has been saying? I was also surprised how Bitcoin moved from such a low rate of just 1k to 19k, seems suspicious. But even if it’s a bubble, last year was the best for me cause I made a lot of profit from it when the price went so high.
So I’m not really bothered about it at all. I don’t know how this year is going to be, but I just wish that whatever happens be for the best of the community and not something that will make people hate Bitcoin the more. 🙂 Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Hannahanto on June 16, 2018, 12:33:21 PM There is nothing new to the price falling, asusual there are negative news spread about bitcoin. This makes people get panic about bitcoin. Big whales are manipulating the market. People get panic and sell their bitcoin, makes market more worst. But hope once corrections are done he market will be return. Till that just hold on the bitcoin and wait for the price increase.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: embargo on June 16, 2018, 12:46:00 PM After the launch of bitcoin futures on traditional stock exchanges - I think it's useless to talk about the real fundamental reasons for the fall or growth. Since the price of bitcoin has become controlled by bankers. Now paper futures can raise or lower the price of bitcoin, the way gold is now manipulated.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: carlisle1 on June 16, 2018, 02:20:54 PM WELL no matter what this topic means still the issue must be solved and this cant happen overnight,manipulation has been an point of more investigation and i guess since last year but nothings happen until now.
What im seeing here is market are manipulated by whom?thats we dont know,but its obviously happening when the target prices cant be achieved even how many analysts says it will,because of manipulator's and this must be stop if when lets wait Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: 1Referee on June 16, 2018, 02:21:29 PM I don’t know how this year is going to be, but I just wish that whatever happens be for the best of the community and not something that will make people hate Bitcoin the more. 🙂 People hating on Bitcoin because of their own stupidity should exit this market. It may be a little bit harsh to say, but those that entered the crypto market last year and this year are the worst ever market participants. I have never seen people be more stupid than the group we are dealing with right now. If you take into consideration that things will only get worse the closer we come to the mainstream core, prepare yourself for the weirdest and the most stupid shit ever. Education is the most crucial aspect, and I really dislike anyone blindly advising people to invest in this market. The investment aspect is the last thing you should talk about when explaining Bitcoin. People need to be educated on why Bitcoin is actually better than the rest of the altcoin and token waste. People right now see altcoins offer faster and cheaper confirmations, but they don't have a clue why that is. Roger Ver knows that and exploits their lack of understanding. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: RamonBTC on June 16, 2018, 02:29:51 PM Although I have yet to do in-depth research on the topic, I would assume that the truth is somewhere in between. I could imagine such a claim, but I believe there are other factors affecting Bitcoin's price as well. That’s the problem within the community, we keep on making ourselves vulnerable for being emotional than be professional with it. Sometimes truth won’t be necessary, we don’t have to stressed ourselves looking for reason when we can do is wait for its recovery. We all knows that it will happen, the more we’re blaming each other the more this community won’t be united. Think as this, our enemy are the bankers and the financial sectors. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: virarara on June 16, 2018, 03:02:59 PM The current decline in prices and bitcoins seems surprising, as bitcoin drops considerably. Probably the cause of bitcoin prices this time because the state of the economy is not so stable and a little bit of crisis I think. Then a lot of rejection is where to bitcoin so bitcoin decreases in value.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: traderethereum on June 17, 2018, 09:54:34 AM I think there are many possibilities that cause the bitcoin price is falling including the whales that manipulate the price, the bad news that comes out, panicking people or other else. we know that bitcoin is too volatile and can run out to any price because once the news is released, then it will give to the bitcoin price in a few hours later. and besides that, I think there are people which don't like bitcoin and they want to see bitcoin cannot increase in the future but they are wrong with this because bitcoin will increase higher in the future.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Tigorss on June 17, 2018, 10:16:15 AM One of the causes of the decline in the majority of virtual currency is the Chinese Government's plan to tighten cryptocurrency transactions in the country. So it has a big impact in the price for now.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: dorofeev on June 17, 2018, 10:28:32 AM I think the uncertainty in market is the main cause behind decreasing prices. new investors are in panic and have less patience.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: alyssa85 on June 17, 2018, 10:32:03 AM The price usually falls when exchanges get hacked because people KNOW that coins will be dumped by the hacker, so they try to sell ahead of that.
After a bit the market then stabalises as the hacked coins are absorbed, and life then carries on. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: ucingucingan on June 17, 2018, 04:19:22 PM yes because there's a big mafia at work, by selling all the bitcoins they've earned from the bitcoin scam website they had made last year, and also the XPY price is down now and the cause of bitcoin is down,
There are also many HYIP sites under the guise of bitcoin investments that lead to a scam, and now it's time for scammers to sell bitcoin from their scam. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: DeadCoin on June 17, 2018, 05:42:06 PM I think there is no particular reason behind this lrice falling. Many false news spreading about bitcoin, and another thing is big investors are dumping their coins to sell at high price. Dont judge the market with current situation, just buy bitcoin at low price and hold the coin till the market will recover. Hope soon the market will recover again and the price of bitcoin will fly to moon
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: cardo on June 17, 2018, 06:12:04 PM Also lots of people use Bitcoin to scam people so people have doubt in crypto and afraid on it, and some fake news that have no proofs and just only want to slander bitcoin and maybe this affects bitcoin value.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: btcblockchain on June 17, 2018, 07:14:48 PM The main reason bitcoin prices are falling down is government intervention and new rules and hacking news and news about price manipulation all these reasons bitcoins price are falling
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: yslyv on June 17, 2018, 08:16:18 PM i honestly believe that the only reason that drops the price is some whales want to collect more. they give sell orders and do not let the price go up. unfortunately we all have to wait till they satisfy about the amount they collected.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Dmitry.Vastov on June 26, 2018, 02:42:31 AM Quote Bitcoin fell 2% early on Wednesday, dropping as low as $6,385. Other than one brief period in early February, when the cryptocurrency dipped below $6,000, today marks the lowest point for Bitcoin in 2018. The latest Bitcoin crash appears to be a reaction to the release of a new study by University of Texas-Austin researchers (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066) indicating that Bitcoin prices were manipulated last year—when Bitcoin soared from $800 to nearly $20,000. The New York Times report on the study explained that a “concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year.” The research, conducted by University of Texas finance professor John M. Griffin and graduate student Amin Shams, presents evidence that another cryptocurrency called Tether was used to purchase Bitcoin after market downturns, thereby propping up Bitcoin prices. “Tether seems to be used both to stabilize and manipulate Bitcoin prices,” the researchers say in the study. Tether was created by a crypto exchange called Bitfinex, whose executives strongly denies the claims. “Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of Bitcoin or any other coin/token on Bitfinex,” Bitfinex CEO J.L. van der Velde said in a message sent to Business Insider. The University of Texas researchers tracked millions of cryptocurrency transactions last year, and say that the “patterns cannot be explained by investor demand proxies” and instead seemed to arise through the strategic use of Tether. What’s more, this scenario brings with it the possibility of huge profits for Tether creators, the study states: “If Bitcoin prices increase, then the founders can cash out the acquired Bitcoins into dollars, likely at a slower pace and on an opaque channel that has less price impact than their initial buying behavior. If the Tether issuers wish to legitimize Tether and avoid scrutiny, they can convert some of their cryptocurrencies to U.S. dollars and retrospectively provide dollar reserves for Tether.” After skyrocketing in value in 2017, Bitcoin and other cryptocurrencies have collapsed through much of this year. Bitcoin fell 40% during the course of one week at the end of January, and cryptos like Ethereum, Ripple, and Litecoin dropped more than 25% in a single day. The cryptocurrency crash is still happening today. Litecoin, for one, decreased to a new low for 2018 on Wednesday, hitting $97—a dip of nearly 75% off the all-time high of $379 in December. Much like the sharp increases of 2017, the steep declines for cryptocurrencies over the past few months are hard to fully explain. Most observers chalk them up to a combination of countries cracking down on crypto exchanges and investors either seeking to cash out their profits or eat their losses. Or more people could be accepting the premise of critics like billionaire investor Warren Buffett and Nobel-winning economist Robert Shiller, who basically say that Bitcoin is a scam, or at least a bubble that’s bound to pop. Hackers and the possibility of price manipulation seem to also be concerns for crypto investors. After a South Korean crypto exchange said it was hacked last week, Bitcoin tumbled 10%. In addition to the new University of Texas report on Bitcoin price manipulation, U.S. investigators are looking into whether several cryptocurrency exchanges have been manipulating prices, the Wall Street Journal reported last week. In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” http://time.com/money/5310924/bitcoin-price-manipulation-tether/ I haven't yet read the study which claims a link between tether and bitcoin. My initial impressions are its a BS claim. Tether lacks the market cap to significantly affect bitcoin's price. The amount of purchasing volume necessary to manipulate the price of bitcoin up near $20k is far in excess of bitfinex or tether's net worth. If the price of bitcoin was manipulated there are far better ways of explaining it. Crypto exchanges which lack trade commissions are probably a better explanation for market manipulation as it could allow traders to buy and sell to themselves on multiple accounts on an exchange without incurring significant losses. The last line of this article seems to contradict itself: Quote In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” This is what comes to mind, reading the last part. http://i65.tinypic.com/w7lc1j.jpg The idea of a crypto market being "enslaved" under surveillance and monitoring, in order to achieve "freedom" could be a form of "freedom is slavery" political posturing. If the context is correct. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: noah tall on June 26, 2018, 03:23:03 PM Quote Bitcoin fell 2% early on Wednesday, dropping as low as $6,385. Other than one brief period in early February, when the cryptocurrency dipped below $6,000, today marks the lowest point for Bitcoin in 2018. The latest Bitcoin crash appears to be a reaction to the release of a new study by University of Texas-Austin researchers (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066) indicating that Bitcoin prices were manipulated last year—when Bitcoin soared from $800 to nearly $20,000. The New York Times report on the study explained that a “concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year.” The research, conducted by University of Texas finance professor John M. Griffin and graduate student Amin Shams, presents evidence that another cryptocurrency called Tether was used to purchase Bitcoin after market downturns, thereby propping up Bitcoin prices. “Tether seems to be used both to stabilize and manipulate Bitcoin prices,” the researchers say in the study. Tether was created by a crypto exchange called Bitfinex, whose executives strongly denies the claims. “Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of Bitcoin or any other coin/token on Bitfinex,” Bitfinex CEO J.L. van der Velde said in a message sent to Business Insider. The University of Texas researchers tracked millions of cryptocurrency transactions last year, and say that the “patterns cannot be explained by investor demand proxies” and instead seemed to arise through the strategic use of Tether. What’s more, this scenario brings with it the possibility of huge profits for Tether creators, the study states: “If Bitcoin prices increase, then the founders can cash out the acquired Bitcoins into dollars, likely at a slower pace and on an opaque channel that has less price impact than their initial buying behavior. If the Tether issuers wish to legitimize Tether and avoid scrutiny, they can convert some of their cryptocurrencies to U.S. dollars and retrospectively provide dollar reserves for Tether.” After skyrocketing in value in 2017, Bitcoin and other cryptocurrencies have collapsed through much of this year. Bitcoin fell 40% during the course of one week at the end of January, and cryptos like Ethereum, Ripple, and Litecoin dropped more than 25% in a single day. The cryptocurrency crash is still happening today. Litecoin, for one, decreased to a new low for 2018 on Wednesday, hitting $97—a dip of nearly 75% off the all-time high of $379 in December. Much like the sharp increases of 2017, the steep declines for cryptocurrencies over the past few months are hard to fully explain. Most observers chalk them up to a combination of countries cracking down on crypto exchanges and investors either seeking to cash out their profits or eat their losses. Or more people could be accepting the premise of critics like billionaire investor Warren Buffett and Nobel-winning economist Robert Shiller, who basically say that Bitcoin is a scam, or at least a bubble that’s bound to pop. Hackers and the possibility of price manipulation seem to also be concerns for crypto investors. After a South Korean crypto exchange said it was hacked last week, Bitcoin tumbled 10%. In addition to the new University of Texas report on Bitcoin price manipulation, U.S. investigators are looking into whether several cryptocurrency exchanges have been manipulating prices, the Wall Street Journal reported last week. In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” http://time.com/money/5310924/bitcoin-price-manipulation-tether/ I haven't yet read the study which claims a link between tether and bitcoin. My initial impressions are its a BS claim. Tether lacks the market cap to significantly affect bitcoin's price. The amount of purchasing volume necessary to manipulate the price of bitcoin up near $20k is far in excess of bitfinex or tether's net worth. If the price of bitcoin was manipulated there are far better ways of explaining it. Crypto exchanges which lack trade commissions are probably a better explanation for market manipulation as it could allow traders to buy and sell to themselves on multiple accounts on an exchange without incurring significant losses. The last line of this article seems to contradict itself: Quote In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” This is what comes to mind, reading the last part. http://i65.tinypic.com/w7lc1j.jpg The idea of a crypto market being "enslaved" under surveillance and monitoring, in order to achieve "freedom" could be a form of "freedom is slavery" political posturing. If the context is correct. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: pelipurlara on July 05, 2018, 05:27:50 AM hope after the correction is over, the market will come back. Until it only holds bitcoins and awaits price increases and there is nothing new for falling prices, as there is a spread of negative news about bitcoin. This makes people panic about bitcoin. Big whales manipulate the market. People are panicking and selling their bitcoin, making the market worse
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: mimienamphine on July 05, 2018, 06:23:51 AM People analysis of the low cryptocurrency prices are of varied opinions as some associate this fall to the hacking of binance recently. People are saying that if exchanges continue to be outwitted by scammers then cryptocurrency has come to an end.The hackers will come and dump the price after getting it easily.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: tintinbongs on August 03, 2018, 02:55:10 PM The fall in the prices of the bitcoin and other digital currencies is primarily due to the two reasons. Bitcoin price was trading at $9,761.91 up 2.58 percent on Coindesk today at the time of reporting.The highest it reached today was 9,804.55. Despite these slight gains, there is still a long way to go before the virtual currency matches the highs set by it last year. Investors are misguided in believing various online trading platforms to be SEC-registered and regulated marketplaces when they are not, SEC said. Even the Financial Services Agency (FSA) came out with a statement that domestic cryptocurrency exchanges will be suspended.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Sergio444 on August 03, 2018, 04:01:43 PM Bitcoin prices have started to fall. some days, the currency market will be unstable. Now, while investing in crypto currency market, they can achieve doubling profits with prices. market prices are always unstable. The price of bitcoin in a minute now will be different from subsequent minute, either by increasing or decreasing. But currently, the fluctuation in the market price isn't that huge and I think it is good for trading. I have been wondering what exactly causes the instability of this market. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: btcblockchain on August 03, 2018, 04:38:16 PM Bitcoin prices are repeatedly reacting to ETF news because of ETF news they are falling again prices will increase once the market bounce back
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Wong Goblog on August 03, 2018, 05:02:07 PM It must be admitted that the biggest factor that made bitcoin fall again due to the influence of the media who always preach negative things about bitcoin, this is what makes users panic and chooses to sell bitcoin so as to make the price drop.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: BitBustah on August 03, 2018, 05:05:47 PM To put it simply: Supply is outweighing demand. Bitcoin has an inflation rate right now of 3% right now which is still very high. There are not enough buyers to pump up the price right now. Wait until the next block halving if you really want to see prices soar to the sky.
Mt gox still has a lot of coins to sell off so it may take a few years to reach the 20k mark again. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: hahay on August 03, 2018, 05:15:45 PM Bitcoin prices fall again I think it's natural, because it is unlikely also will rise quickly after the market crashes so deep. To reach the point of $20K it will definitely take a long time.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Marcelle7 on August 04, 2018, 07:33:08 AM One of the causes of the decline in the majority of virtual currency is the Chinese Government's plan to tighten cryptocurrency transactions in the country. So it has a big impact in the price for now. I do not think this is the main reason of bitcoin being dumped. China is no longer the king in crypto rather i would say that no single country can impact the price of bitcoins. The reason which i see is that ETF is delayed.Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: traderethereum on August 04, 2018, 01:42:27 PM once again, the media take apart for bitcoin falling and makes people getting panic. we cannot blame media that gives a bad news because they only do their jobs. but I am sure that people will not panic in a long time because they will realize that if the news is false, they will be back to the market and will still support bitcoin again. but for people that still stay calm, they will not react with the bad news and they don't care about the news because they believe that bitcoin is strong enough to prevent the bad news.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Ansdaoust6 on August 07, 2018, 06:57:49 AM One of the causes of the decline in the majority of virtual currency is the Chinese Government's plan to tighten cryptocurrency transactions in the country. So it has a big impact in the price for now. Previously 10 August was the date which everyone was waiting for EFT approval but now it is delayed to September. This news of delay may have caused the lack of interest in BTC for the time being and the price is dumped to about 500$ currently trying to stabilize at 7500$.Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: hdueueiw432 on August 07, 2018, 07:05:51 AM Bitcoin prices are down but their value is still high. I'm not sure there is an inversion here. But I want to ask if the scarcity in finding BTC has led to that?
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Red Fish on August 07, 2018, 07:18:12 AM Just keep in the mind, that Bitcoin market is large, but mainly in some countries, like USA. Therefore main market players can buy or sale, and price can go up or down. Plus if new mining farms coming in, they can also make price lower.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: joelou on August 07, 2018, 08:15:06 AM Yeah as we can see the price of bitcoin now is falling again i think Because of not having enough funds behind them to influence the market in such a significant way.then now makes people getting panic and sell their holdings.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Ferris419 on August 07, 2018, 09:00:26 AM When the bitcoin reaches 8500$. It is hoped that it will continue to increase as soon as ETF is approved. But prices fell sharply when ETF was postponed. I personally think that ETF will not be passed. But somehow the market will go up as in 2017
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: loveinberlin on August 07, 2018, 09:07:06 AM I am not an economist but to my mind, there is more than just one cause. I think that btc prices are falling down but this doesn't mean that this is forever, the market isn't stable because the demand and supply affect it
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: baricuri on August 07, 2018, 09:30:54 AM It is hard for anyone to know the exact cause, but in summary, the withdrawal of too much BTC on the market will reduce the btc price and almost all other coins are falling, not just BTC
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: jaysabi on August 11, 2018, 06:02:41 AM It is hard for anyone to know the exact cause, but in summary, the withdrawal of too much BTC on the market will reduce the btc price and almost all other coins are falling, not just BTC Yeah but all other coins are falling because bitcoin is falling, not that they happen to be falling at the same time. Because of how their market caps and average price are computed, when Bitcoin falls, all the alts fall too. The average price on coinmarketcap is computed by taking the volume-weighted average of all markets, and the biggest market for most coins is BTC. So when BTC price is rising or falling, the average dollar value of trades in those BTC-to-alt markets rises or falls at the same time, which makes the average price rise or fall. That's why you see most of the alts trading in the same direction at the same time as BTC, it's because so much of their price is determined by BTC's price. It's not a coincidence. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: jademacoy on August 11, 2018, 06:07:11 AM Quote Bitcoin fell 2% early on Wednesday, dropping as low as $6,385. Other than one brief period in early February, when the cryptocurrency dipped below $6,000, today marks the lowest point for Bitcoin in 2018. The latest Bitcoin crash appears to be a reaction to the release of a new study by University of Texas-Austin researchers (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066) indicating that Bitcoin prices were manipulated last year—when Bitcoin soared from $800 to nearly $20,000. The New York Times report on the study explained that a “concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year.” The research, conducted by University of Texas finance professor John M. Griffin and graduate student Amin Shams, presents evidence that another cryptocurrency called Tether was used to purchase Bitcoin after market downturns, thereby propping up Bitcoin prices. “Tether seems to be used both to stabilize and manipulate Bitcoin prices,” the researchers say in the study. Tether was created by a crypto exchange called Bitfinex, whose executives strongly denies the claims. “Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of Bitcoin or any other coin/token on Bitfinex,” Bitfinex CEO J.L. van der Velde said in a message sent to Business Insider. The University of Texas researchers tracked millions of cryptocurrency transactions last year, and say that the “patterns cannot be explained by investor demand proxies” and instead seemed to arise through the strategic use of Tether. What’s more, this scenario brings with it the possibility of huge profits for Tether creators, the study states: “If Bitcoin prices increase, then the founders can cash out the acquired Bitcoins into dollars, likely at a slower pace and on an opaque channel that has less price impact than their initial buying behavior. If the Tether issuers wish to legitimize Tether and avoid scrutiny, they can convert some of their cryptocurrencies to U.S. dollars and retrospectively provide dollar reserves for Tether.” After skyrocketing in value in 2017, Bitcoin and other cryptocurrencies have collapsed through much of this year. Bitcoin fell 40% during the course of one week at the end of January, and cryptos like Ethereum, Ripple, and Litecoin dropped more than 25% in a single day. The cryptocurrency crash is still happening today. Litecoin, for one, decreased to a new low for 2018 on Wednesday, hitting $97—a dip of nearly 75% off the all-time high of $379 in December. Much like the sharp increases of 2017, the steep declines for cryptocurrencies over the past few months are hard to fully explain. Most observers chalk them up to a combination of countries cracking down on crypto exchanges and investors either seeking to cash out their profits or eat their losses. Or more people could be accepting the premise of critics like billionaire investor Warren Buffett and Nobel-winning economist Robert Shiller, who basically say that Bitcoin is a scam, or at least a bubble that’s bound to pop. Hackers and the possibility of price manipulation seem to also be concerns for crypto investors. After a South Korean crypto exchange said it was hacked last week, Bitcoin tumbled 10%. In addition to the new University of Texas report on Bitcoin price manipulation, U.S. investigators are looking into whether several cryptocurrency exchanges have been manipulating prices, the Wall Street Journal reported last week. In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” http://time.com/money/5310924/bitcoin-price-manipulation-tether/ I haven't yet read the study which claims a link between tether and bitcoin. My initial impressions are its a BS claim. Tether lacks the market cap to significantly affect bitcoin's price. The amount of purchasing volume necessary to manipulate the price of bitcoin up near $20k is far in excess of bitfinex or tether's net worth. If the price of bitcoin was manipulated there are far better ways of explaining it. Crypto exchanges which lack trade commissions are probably a better explanation for market manipulation as it could allow traders to buy and sell to themselves on multiple accounts on an exchange without incurring significant losses. The last line of this article seems to contradict itself: Quote In the University of Texas study’s conclusion, researchers say, “Our findings provide substantial support for the view that price manipulation may be behind substantial distortive effects in cryptocurrencies.” And they say that more regulation is needed: “These findings suggest that external capital market surveillance and monitoring may be necessary to obtain a market that is truly free.” This is what comes to mind, reading the last part. http://i65.tinypic.com/w7lc1j.jpg The idea of a crypto market being "enslaved" under surveillance and monitoring, in order to achieve "freedom" could be a form of "freedom is slavery" political posturing. If the context is correct. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Agapelove on August 11, 2018, 06:32:06 AM The latest fall of bitcoin happened last Wednesday and it was due to the postponement of the decision of US Securities and Exchange Commission regarding the denial or approval of bitcoin ETF (Exchange-Traded Funds) product. Most traders believe this ETF would be beneficial.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Epimetheus on August 11, 2018, 09:55:17 PM Bitcoin falling price is due to many reasons. Like its irregularities in its production and distribution by miners. Some other related reasons are its ban in many country. Recently indian government ban bitcoin trading in their country and this thing directly affects the price of bitcoin. Another reason behind recent falling price of bitcoin is postpone of the decision of bitcoin exchange trading fraud by us government. Some time the negative news spread by different news media becoming the reason behind its falling price.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: zwiggel on August 11, 2018, 11:53:55 PM The reason that bitcoin prices are falling is because investors are losing interest in the currency. Poor liquidity plus the emergence of new currency bills have made bitcoin less noticeable. The large amount of bitcoin sold is also causing the bitcoin price to drop.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Oasisman on August 12, 2018, 12:17:23 AM Bitcoin falling price is due to many reasons. Like its irregularities in its production and distribution by miners. Some other related reasons are its ban in many country. Recently indian government ban bitcoin trading in their country and this thing directly affects the price of bitcoin. Another reason behind recent falling price of bitcoin is postpone of the decision of bitcoin exchange trading fraud by us government. Some time the negative news spread by different news media becoming the reason behind its falling price. I agree with all the grounds for Bitcoin to drop that you mentioned, but not sure with the last one. We know media is a powerful tool to brainwash the people and twist the story from a different perspective, but its totally different in cryptospace where whales have been controlling almost all of the coins in the market. These people dont rely on media, since they themselves knew what was happening in the market. Only those small-time investors will probably be fooled by negative news, and that alone cannot hurt the prices in the market. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: hibiscus on August 12, 2018, 02:15:00 AM Bitcoin prices are falling again,there will be some market related reasons are there for the above .Every body knows that the bitcoin market is volatile and it can move upward or downward.If there is more sellers in the market than buyers its price will be going down and if the buyers are more than the sellers its price will be increasing.The current market fall is related to America's ETF postponement on coming September and after that the market will be recovering positively.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: pungopete468 on August 12, 2018, 02:37:42 AM Bitcoin prices are down but their value is still high. I'm not sure there is an inversion here. But I want to ask if the scarcity in finding BTC has led to that? The current factor is due to the delay of bitcoin etf which makes the price of bitcoin now declines in price. and if later the decision has come out there will likely be changes. between increase or decreaseTitle: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Rechargers on August 15, 2018, 06:49:42 PM Don't panic. I think there is no particular reason behind this lrice falling. Many false news spreading about bitcoin, and another thing is big investors are dumping their coins to sell at high price. Dont judge the market with current situation, just buy bitcoin at low price and hold the coin till the market will recover. Hope soon the market will recover again and the price of bitcoin will fly to moon. Good luck.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: taeewo on August 15, 2018, 07:36:54 PM We can't just point pin point some things that is causing the decline of btc, it might just be causing by the manipulation from whales or FUD.
Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: Morgann on August 15, 2018, 07:55:07 PM Yeah as we can see the price of bitcoin now is falling again i think Because of not having enough funds behind them to influence the market in such a significant way.then now makes people getting panic and sell their holdings. Dropping of prices in the market is not a problem because you can invest a huge amount while the market price is low so all you need to do is be patient at the current market price. Title: Re: Bitcoin Prices Are Falling Again. The Cause? Post by: shadowduck on October 01, 2018, 02:21:00 PM The main reason for the fall of bitcoin is to attract new people, because for the old price, few people would buy bitcoin.
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