Bitcoin Forum

The Bitcoin price as of now is dancing because of the ETF news. US SEC will announce it’s Bitcoin ETF decision on 10 August 2018. It is being said that, it might happen that SEC approves CBOE ETF on 10 August and if it happens, we can see a parabolic bull run in Bitcoin price. Until then, it may hover between $7600 to $9000. What do you think? Where is Bitcoin heading and what about the Altcoins and the rest of the Cryptos?

"Hovering between $7600 to $9000" is different concept from crashing.
Did you want to copy/paste a different news and mixed them up?  :P

Also, it cannot really hover "between $7600 to $9000" when the current value is not inside those limits, right? ;)

Maybe that's why you change the subject to "crashing"? No. It's not crashing, at least not in my opinion. Just the lower limit of the "hovering" interval was too optimistic. $7000-$9000 or even $6500-$9000 may be more realistic.

it is because the definition of crash that newbies like OP have is very different from definition of a crash that normal people have. it comes from their false expectations out of bitcoin. they expect it to always rise and rise big. for example if today price were $7000 they expect it to be $8000 in a week then $9000 in 2 weeks and by the end of the month they expect $10k and $100k by the end of the year.
and when that doesn't happen they consider it a "crash" and sometimes they even call bitcoin "dead" because of it!

The past couple days, everyone in the bitcoin Futures market has been following the trials and tribulations of Mr. OKex #1 Top Contract Holder, who accumulated a $460 Million Long position on BTCUSD Quarterly Futures before getting liquidated.

My man RJ from Whalepool documented the rise of the $460 Million position https://twitter.com/RobertJandeJong/status/1024180713686491136


…and the fall https://twitter.com/RobertJandeJong/status/1024278308672946176



Great laughs, big dumb rich guy gets rekt being wreckless…

…the only problem is that this liquidation did not get filled in the market, and theres now a $420 Million overhang in this weekly settlement period that impacts all three maturities on BTCUSD Futures: https://twitter.com/whalepool/status/1024366915001769987

In my bad days I set on ignore such panicking newbies, expecting most of them being paid to post FUD. But maybe I am just too harsh sometimes :) but we can't just teach the obvious again and again for each and every newcomer which most of the time doesn't even care to read.



Wow, interesting coverage, thank you.

Mainstream Media FUD is the Another crippling factor that always holds Bitcoin’s price back is bad press and the torrent of misguided information that is passed down to the general public.As the traditional financial system comes under threat, mainstream media has played its role in misrepresenting the industry to potential new investors in this space, by downplaying its technological utility and over emphasizing bearish market movements.

Bitcoin crash means the falling in its market price and also falling its share at international market. Their are many reason support this thing. First of all bitcoin transactions traffic, bitcoin taking to much time to clear an transaction because of this the transaction cost also increased and this thing put negative affect in its popularity and in profit. Secondly is its irregular production and distribution of bitcoin. When bitcoin miners doesn't mine enough bitcoin then the effect directly see upon the price of bitcoin. Negative news shown by different media also put negative effect on the profits of bitcoin.

Market manipulation is the main reason behind the bitcoin crash as, BTC market manipulation has been a highly contentious area that always arises when questioning Bitcoin’s price activity. Whether traders choose to accept it or not, evidence supplied by a University of Texas finance professor recently, along with investigations by the United States Justice Department the Commodity Futures Trading Commission, are beginning to prove that this ‘conspiracy theory’ actually exists in the market.

Exchange rates are public information which are kept up-to-date within seconds across the world. The algorithm must virtually buy BTC when the value gets lower too fast and must release them again when the price gets higher too fast. Must be an open algorithm known to and executed by the community. I did not say it is easy.. but I would rely on people who can invent blockchain and LN which seems much much more complicated.

Bitcoin is not Crashing and it will never crash at least it won't happen in this decade but it is growing faster around the world due to it's better qualities and capabilities that can help it's user's to do more than fiat currencies so even it seems like crashing it is a temporary situation and It will never happen. 

Satoshi has inserted a secret line of code in both the bitcoin and forum code.
Whenever a topic about the bitcoin price going down is posted, bitcoin drops another 10$
That's why!!!!

Back to serious things....


This really needs some popcorn,
https://www.ccn.com/okex-initiates-clawback-after-bitcoin-futures-market-unable-to-cover-420-million-liquidation/


Wait, they've had only 10BTC in the so-called insurance fund? 80 000$???
They claim to be on of the largest exchange and that's all they had ready?

And how the hell is this even possible, the guy gets recked (?) and then everybody shares the loses?
There are so many things wrong in this story I'm having troubles believing it...

Well there are a series of never ending dramas between the value and some newbie hodling bitcoin or maybe it is due to correction? The price needs to establish a series of give and take Well all I see is bitcoin price is moving so much fast now from $8100 USD back from 3 hours ago I look again on the price now it is at $7400 USD, if this seems not normal to you then again think about the drop back when the price reach $18,000, I really think that is the most unnerving kind of drop and not this one, I really think if you try to sleep it off tomorrow  you can see that the price is back at $8000 USD again.

Well i do not think that etf decision is coming on 10th august now i was reading a news couple days ago that said that etf decision has been delayed to 21st of september, so i think september can be a big month of btc and overall market.

Absolutely right!!!
New people come up with a very high expectations from Bitcoin that they are gonna earn rapidly and especially when they hear about the early adopters who were mostly average class and then became millionaire with Bitcoin. But one thing they miss that the early adopters were very much patient about BTC also they got a chance which was available only at that time and that situation can't be repeated. The early adopters have also seen some worst time of Bitcoin when no one was even ready to accept that this sort of technology exists and it will be recognise someday by almost all the world.

probably


as I have said many times, if eventually the ETF is approved, then the price will rise but in case the ETF is not approved then the price will fall a lot


This is the biggest problem. see Neo returned to the price of $28... I mean Neo reached $160 and in less than a few months Neo fell from $160 to $28, imagine this loss? Lisk fell from 300,000 satoshi to 60,000 satoshi. ETH also fell a lot. This is case to say that the crypto world is very dangerous market

Because of that delay, bitcoin is dumping again but I don’t think its crashing its really different I think. The price may continue to go down up to $6k level again but you don’t need to panic because it will be hype again before September and we will see a great run again especially when we heard a final decision coming from the SEC.

Bitcoin crashing has a lot of factor maybe to the panic seller and  to the bad news that can affect to the partners and investor.

But we can stop crashing price if we buy more bitcoin and by simple holding your bitcoin can really big help to the coomunity.

Everyone seems to be banking on the ETF decision and I'm pretty sure, disappointments would largely follow if the SEC decides to not approve the CBOE ETF. While the reconsideration process handed everyone a breathing room, we still aren't sure whether this time, SEC will favor the ETF. Prices seem to have calmed down a bit after the delay has been announced, suggesting that the bulls are also banking on the said decision. Moreso, aggressive buy orders have been removed in the market, with only a little remaining to hold the price together.

This is due to some but considerable negative effects happened in last period such as , Government restrictions against Bitcoin, Banning, Criminal activities using Bitcoin, Panic token holders and other false rumors that made ridicules accusations against Bitcoin which made the general public more and more concern about investing in Bitcoin and owners sold most thinking this will drop further and it did not happen 

This is not the crash, it's minor correction. Nothing unsual and the price is staying in the range between 7000 and 8000$.
Investors are maybe more caucious now and not so keen to take the risk regarding the past experiences but still that doesn't influence the price significantly.
Also there are always some rumors that intend to harn Bitcoin as well as media and social network announcements but such influence on price is short term.

Get rich quick noobs will be disappointed but people not wanting to see institutions get more exposure will celebrate a rejection.

It's almost surreal if you think about how fast we have grown. In the next couple of years Bitcoin will likely become so large, that what we were dreaming of back in 2013 has all turned into reality. It's fantastic to see this happen, but it also makes you realize that we won't be able to witness something similar ever again. Crypto in its entirety was the only option for average joes to actually become part of the wealthy elite, but one that the majority discarded.  :-\

Don't sell your coins people, just don't. If the price goes down use that as an opportunity to buy up some more.

Price of the Bitcoin did drop during this year but it doesn't mean that it is crashing because price fluctuations are common for any trading asset and it can happen with or without a fault with the asset in Bitcoin this was actually happened because the pressure it got from the outside world and Investors were uncertain but even those situations Bitcoin surviving skills are impressive

Yes bitcoin is not going to crash but is now becoming more stronger and powerful. The increasing bitcoin users are giving good support to bitcoin and therefore bitcoin is now more stronger than its previous time.

Well the simply explanation is that investors are just cashing out during the weekends. And now its back above $7100. Regarding, ETF, everyone is really hoping for a approval, so we have to wait till Aug 10 or Aug 16 for the final decision. For altcoins, nothing to worry, I'm sure that the top 10 coins holders are also waiting for that decision. If it gets approved then they will dump and join the bandwagon. If it was denied, then perhaps some altcoins will be pumped.

they may be hoping for it but i think majority of the investors don't have any faith in SEC approving ETF this time either which is pretty obvious from the market and bitcoin price. if they had a small hope for its approval then price should have shoot up to the moon by now. i think they are waiting for the rejection and the drop so that they can start buying fast and big during that time.

Uh you probably haven't been paying much attention dude. Though i agree that more people are aware now about bitcoin and its pros and cons, the current support it has now isn't enough to make it how ypu say it is. That's why its highly volatile and unstable.

of course we all hope there will be a pleasant decision and can make the price of bitcoin rise again, if get approval maybe the bitcoin price will return above $ 10k.

The bear market has been going on for a long time, this will make many investors disappointed. of course this will make the price of bitcoin more difficult to rise, this is a connected effect

Bitcoin crashing is a major scenario that has scared even top crypto currency investors and traders while that is going on countries like USA, India keep fueling the situation ignoring the bad effect on investors and the beneficial side of Bitcoin and this won't do any good for Bitcoin holders

It's just a small dip.

Crashing permanently can be happen if this situation continues but no one can say that for certain because we see both negative and positive sides so only the time will decides what will be the path that Bitcoin will select and no matter what that is there will be a significant effect in the crypto currency market and the community

While it is difficult to pin price drops on any specific event, experts and analysts have suggested the most recent fall in value can be attributed to a new study which suggests market manipulation was behind the 2017 bubble.

Comparing to last year, same day price we can say that BTC is still higher than before, we can't really compare it to last year pump since it just been acknowledged by many countries. This year seems to be a testing run of cryptocurrencies for there are many whose still not convinced and denied BTC uses.

$8,000 - $6,500 it's not a crash.

Forget about August 10, ETF was delayed.

Whatever drives this plummeting simply means that we're not yet in bull run.

The final judgement for ETF that is most likely to succeed will come all the way in future of February 2019.  Until you just have these mini stories in the news about whether its viable.   Its fairly sure that this is not pushing the price when most large speculators will be aware there is another ETF being considered or reconsidered.

Really price goes down when supply exceeds demand, thats all there is to watch.   If people only held while thinking about another kind of holding being formalised its a pretty poor reason , the base line usage is why demand might rise and there is some other factors to supply.   Mostly we see now those who buy BTC will credit give up slowly, when they run out of BTC to sell we go up some

The ETF will be denied, i can guarantee you that 100%. With that BTC prices will plummet to new depths, probably around 2000-2500 range.
They will try to sell you the Lightning Network scam which could give a small recovery into the 4000 range but when that has been demonstrated to the public that it doesn't work we may see prices plummet to around 1000 or even below.

Why you ask? Because it is a scam.

Then what is it?
A normal adjustment? A small dip?  ;D
It's a crash, stop trying to cover it in honey, it still stinks!!

The coin was recovering, the ETH fiasco was long gone and we had some kind of good news from the NYSE.
But with all that, the price crashed, when something goes down 13% in 24 hours that's no correction.

Oh, and btw it's not 8000>6500, it's 8200>6350



Hey kwukduckling, what happened, is your new worst prediction 1000? What happened to "we will never see triple digits again" ?

In my own opinion, there is also a good side when bitcoins is dropping because in this way you can invest a huge amount while the prices are dropping and earn more profit when the market goes back to normal, buying and selling at the right time will make you wealthy immediately.

Bitcoin falls, the reason is unambiguous this time. The reason is rather unambiguous, unlike previous dumps. It is a decision of the US Commission on Securities and Exchange Commission (SEC), which postponed the verdict in the case of approval Bitcoin ETF companies. Lately, it's like a swing, once up and then fall again. In my opinion, everything depends on the price of bitcoin and so prices of altcoins also drop. First, it is a trust and strengthen bitcoin and the rest will grow as well. From one thing, i have the pleasure of having a good time to buy a cheaper bitcoin.

Bitcoin crashing price is depends to us I think right now there's a lot of people who sell their bitcoin.
But don't worry bitcoin will pump the value again and we will happy if that happen.

It's just normal profit-taking. People are trading within a range - so when it gets to $6000 - $6300, it encounters a lot of buy orders. When it nears $8000 a lot of sell orders kick in.

As long as we don't dip below $6000 we're good. If we do dip below $6000 for more than a day, then we're in bear market territory.

Kwuck! Nice to see you here. Your new posts are massively different than what they used to be. Now you are talking about the price falling to $2000, which would still be 10x higher than back when you said the price will fall under $100. It's funny that now your doomsday predictions are about the price falling under $1000, when back in the day you said it would never hit that price again in the first place...


There are a crapton of get rich quick newbies that joined in 2017. Thankfully, most of them are in garbage coins (99% in EOS lol). The ETF being delayed was a given IMO. The market definitely had a reaction though, but I thought it would only be like a $200 drop, not this much. Should be interesting these next few days, wonder if there will be a recovery...

Bitcoin is not crashing because it is common fluctuation of Cryptocurrency. The current demand and supply is depends on Bitcoin value so once it will down automatically it will move to downward.
But after globalisation Bitcoin will never crash at anytime so this is the best time to invest on Bitcoin.

If we truly study the market cycle bitcoin price has been volatile. It is not crashing this cycle always happen before. Bitcoin will grow again so I believe it could occur this year ends.

What profit-taking is there selling at the almost lowest price for bitcoin this year?  ;D
Profit taking happens at ATH, at ATL it is called cutting losses.

We've been going down from 8200 to 6200 and there was no sign of those buying orders as the whole volume is barely half of that from the crash (yeah going to use the crash term!) in March.

I think, the next thread has provided good information why the price of bitcoin is decreasing again at this time. Well, I think this is clearly very much related to ETF that refuse submissions. well, hope this crisis will end soon. Well, you can see the news on the CNCB site, or something else.

The downward movement of bitcoin in late July and early August is related to news about the SEC's refusal to launch Bitcoin-ETF. In addition, the government of South Korea announced plans to amend the tax legislation, which will close a number of benefits for crypto exchanges. Given that South Korea has traditionally been the driver of the growth of the crypto-currency market, such changes have also hit the bitcoin rate.

Main reason to Bitcoin crash is false rumors and according to my understanding Bitcoin is the only asset that shows huge price changes just based on unofficial information or rumors and due to that Bitcoin trading has been very difficult to do because people are selling or buying without a reason and I think the crashing is happening for the same way   

It is happening because most of investors trying to move from Bitcoin and also from the Crytpto industry because they are afraid that Bitcoin will no longer exist in the future considering these price decreases and some are moving to alternative coins thinking that they can get better profits than investing in Bitcoin 

Bitcoin crashing is temporary and it occurred due to public concern that if Bitcoin continues in the future it will led to a financial crisis in the world by destroying the current banking system so countries like United states of America made huge impact on bitcoin and even went further to limit the user's in bitcoin locally so Bitcoin crashed   

Bitcoin prices dropped because news about ETF was postponed until the end of September, the delay occurred 2 times. I hope there will be a decision that will make the price of bitcoin rise again.

Market manipulation is considered as one of the reason why the price is dumping, because there are a lot of whales out and news who can make the price to pump or dump depending on how the investors is trading either based on their emotions or analytical skills about the market.

Well, we have good news all over. Like Chile will accept bitcoin in more than 5000 places, but SEC delayed the ETF decision until 30st September, which was likely to come and big whales used it as another reason to dump the market...

Well let's hope that this ETF will approved so we know if that news will be have a good impact in crypto market. Let's wait and see the decision of SEC so all will be forward. Bitcoin will not crash because of this maybe people is panicking that cause of dumping in the market.

no, not at all. BTC has spent the vast majority of its trading history below this price level. this is not an ATL, lol!

anyone who is sitting on gains for the past 9 years has plenty of incentive to lock in some profits, once they realize the current bubble cycle is over and price could stay bearish for quite some time.

personally, i'm still hoping that $5000s is the bottom of the range, but it looks pretty ugly. i won't be surprised to see $3000 or lower.

We could say that this is a price manipulation by the big whales so that they could buy much cheaper Bitcoin before pumping it up again like a bullish run but this is only my speculation in which maybe most of the people are afraid to invest in Bitcoin anymore because of this year ugly market performance which is really not a good market sign for the investors.

In my own opinion, price manipulation will only occur if the government will be creating fake news in order to reduce the prices in the market but as of today, the market price is still decent and it will still grow due to the volatility of the market.

Bitcoin crashing is temporary and it occurred due to the public concern that if Bitcoin continues in the future it will led to a financial crisis in the world by destroying the current banking system so countries like United states of America made huge impact on bitcoin and even went further to limit the user's in bitcoin locally so Bitcoin crashed

Because most people who posses Bitcoin are leaving thinking Bitcoin will drop further and loose there money and that is happening not just for Bitcoin but for other currencies too and I think that is the main reason for the huge drop   

Leaving what? no people aren't leaving bitcoin. It's a normal correction where there are traders who took profit.

They won't leave bitcoin, as a matter of fact the bitcoin dominance has increased closely to 55% and that means people are buying more bitcoin, trading with bitcoin.

in my opinion, the condition of bitcoin prices fell, there is bad news that attacks the condition of the price of bitcoin, one of which is from officials in the Saudi Arabian country, prohibiting the use of bitcoin and declaring bitcoin as illegal transactions.

Well it doesn't seem like it's crashing since prices are currently recovering quite well as of the moment. The support around 6k is pretty steady and we had quite a good bounce so stop telling people about a crash.

The bitcoin is not crashing the prices were dumping due to many factors and ETF's rejection by SEC is one of the reason,but again we can see that the price of bitcoin is reporting above $6500 after it went to the level of $5900 range before 24 hours,so $6000 has pretty good resistance and whales don't want the price too go beyond that level.

Bitcoins will not crash so badly but maybe it will go down so hard, i believe that the floor is $5k dollars and that is the reason why the stable price is at $6k, price manipulators like media is the contributor of fud that makes the price to drop.

WHAT I REALLY FEEL ABOUT THIS NEWS IS  THE INFLUENCE OF MEDIA.THEIR INTERFERENCE TO THE REAL FACT ACTUALLY MISGUIDES THE NEW INVESTORS.
ANOTHER IMPORTANT FACTOR IS DUE TO THE GOVERNMENT POLICIES THEY KEEP CHANGING AND THUS MAKING THE PEOPLE CONFUSED.

Its nothing so dramatic as crashing, its more of a slow down and decline.  People built up expectations ahead of actual results and the cart overtook the horse which is rarely sustained far down a road.

What we're doing right this moment is sideways, lots of it.  I see a downtrend, then the market is shaking itself off like a dog wet from the rain, up down quite violently but ultimately we do not move just sideways.    Im not yet decided if its bullish exactly but I will say its not especially negative for a week or so now.   Keep a keen eye, heres my brief chart view:

https://i.imgur.com/n96dI87.png

I do think like you have mentioned the market manipulation is a major reason for Bitcoin prices to crash because all since Bitcoin has become a major asset to make anyone rich in no time many are tring to do what ever necesary to get there profits so people who are really rich and can afford among traders and investors they have the ability to make a big impact to the market easily because still the crypto makret is small considering the rest of the world   

it feels like 2014, like a slow bleed. except this time, the price hasn't collapsed. it just stays in a tight range.


same feeling here. like i've been saying, this kind of structure is pretty unpredictable. the last few months could be an accumulation zone, or it could be a drawn out bear flag. i'm flat here, no longs or shorts, and leaning slightly bullish. but i need some confirmation.

I don't see any proof that bitcoin is crashing nowadays and I never think of a possibility that bitcoin value will become zero. Bitcoin as a popular cryptocurrency is well supported by many big investors and users around the globe. Though bitcoin had dipped many times due to its volatility aspect but I have seen it can always recover.

Yes that is true there is nothing to worry about the Bitcoin price drop because price fall and increase are very common for any currency or any investment asset and many people who are against Bitcoin and the crypto world is making this for there afvantage to spread false information toavoide furthure expansion of Bitcoin among general public but the true is Bitcoin price crash is temporary situation

well, basically, the biggest thing that makes bitcoin prices fall is the rejection that happened last month. well, that makes the price of bitcoin drop so far. well, but I'm sure there will be future price returns.

People in the crypto trade get panic instantly for nothing somtimes even for rumors and many are predicting that Bitcoin will fall furthure and disapear from the market but that is very unlikely to happen because we see many positive things happening for the betterment of Bitcoins future so news and rumors about Bitcoin crash are just false information made by people to eliminate cryptocurrencies from the our current economical system

Yesterday we went up $400, as bitmex was down for maintenance, and bitcoin immediately pumps. I guess it pretty much shows how the market is manipulated. Some short positions called margin calls, likely because of that we returned back to levels we been a day before.

The whale are all out to push the price of bitcoin to as low as they can so that they can maximize their profits should the bitcoin ETF get approval

it seems like I think we just observe a situation like this and just follow the games of the popes because obviously we can't resist the waves that are manipulating on the market today.

in my opinion, why is the price of bitcoin falling because there is a lot of bad news that ultimately makes the price of bitcoin fall because there are so many traders who panic when conditions are bad. the new traders are too easy to panic which ultimately makes them lose money.

Market Manipulation happens all the time and most Bitcoin holders and investors get fooled by those criminals who are doing these things so all the time small traders loose except smart once so the best thing to do is buy and hold and be patient without getting manipulated by others because the end of the day your money is at steak   

Not just in Saudi Arabian country countries like USA and INDIA too trying to ban Bitcoin due to many reasons and one is thinking Bitcoin will interrupt there economical system and also criminals and Business people will hide or launder there money from governments and that led Bitcoin to crash with a rapid rate during these years 

in my opinion, the price of bitcoin is currently collapsing and a lot of victims are due to bad news that attacks the condition of cryptocurrency prices which eventually makes a lot of traders panic and eventually sell their assets at cheap prices.

Actually, Bitcoin is crashing not only because of ETF issues but because the real demand is low in which this is due to people are afraid to join this investments anymore because their confidence level to join this investment is reduced, therefore in order to make these people to trust Bitcoin is to make the market healthy once again in any means that necessary just to attract the people to invest again.

The crash happens every time there is a negative speculation that occurs in the market and people tend to panic which makes them sell their coins at the lowest price and bitcoins is dumping at that time.

Bitcoin is no longer crashing, the crash happened months ago, what we are seeing right now are corrections, sometimes the price goes up or down but not much of interest is happening right now, the only ones keeping an eye on the market are traders and speculators, everyone should be concentrating instead on trying to get as many bitcoins as possible.

It is not currently getting crashing out but probably OP is asking about why it has fallen from $20,000 to current price levels. First of all we all must understand that the price rally of $10k to $20k which happened in less than 30 days of November 2017, was just a bubble which got burst out in 2018. Just accept the fact of, the realistic value bitcoin may have in 2018 is around $10k. Now tell me bitcoin got crashed out ? No, a pull back from $10k to $6k is very much normal in bitcoin markets as it is always known for heavy volatility.

When $10k is the reasonable price level by the year 2018, we can expect people to book profits which is obviously taking the market to fall down unless otherwise there will be any supporting positive news is happening. Always the down market is heavily driven by FUDs and uncertainty hence new investors will opt to stay away which will lead to deeper falls.

This is the actual things happening in bitcoin markets hence it is not crashing out but still trading at reasonable levels from what momentum it got from the year 2017. Probably levels like $8000 to $9500 (in down market side) or $10500 to $12500 (in up market conditions) must be the right things by August 2018 but we are into $6500 levels which may be considered as crash but actually it is not. It is just a heavy sell-off state due to FUDs and profit-booking by whales.

Maybe the price of bitcoins will pump up to $9k dollars but it will never decrease below $6k again because most of the people today are investing since it was expected that bitcoins will reach $50k dollars before the end of the year.

Yes that is right that ETF related news are creating problems but I think that this will not continue for a long time and very soon this problem and news about ETF will comes to an end and we will again see the bitcoin price trading above 8000$  very soon.

People only just like to associate every news with any movement in the market. Sure, news fundamentally are usually a driving force when it comes to market, but I feel the whole ETF thing has been too focused on to be one of the driving force which I believe it is not. Probably if accepted could bring about some interest in the market but I do not really see its disapproval having much effect as it is.

Also, with respect to the crash Op mentioned, this is simply just a normal downtrend, but whoever want to see it as a crash is their cup of tea. Crash or not, at least we have the chance to buy lower.

I think a lot of bitcoin prices are falling probably due to bad news that makes a lot of traders panic and eventually make them sell the assets they have at very cheap prices and ultimately make the price of bitcoin fall.

It seems that makes the price of bitcoin experience price breakdowns to this extent I think it's because of bad news that ultimately makes traders panic and sell the bitcoin they have at a very cheap price and finally make bitcoin prices fall as badly as this.

Bitcoin is crashing the main reason is  because of ETF news once the SEC accept or reject the news is badly got affected with Bitcoin futures. by next year Bitcoin may be unaffected with Bitcoin ETF news we can see growth there onwards

People are only assuming there is a problem with the ETF news but really, the market is just in a bear state and that is all that counts as far as I am concerned.

ETF approval and the most important one we are waiting for could bring about some huge interest in the market but that is still a bit far from now and I would not be expecting any serious ETF approval this year at all. However, this is not a crash but just a downtrend, and I wonder if some newbies really understand what a crash means.

Bitcoin should grow, many now are buying anew the currency.

Not only is the price of bitcoin starting to fall, all coins have fallen, but bitcoin has now started to rise, while the altcoin is still falling!

The situation you mentioned has a few but not many. Looking at today's market like many other times, bitcoin and almost all coins are green. I see the end of each month market tend to increase slightly.

Yes, even in the short term, we will still keep experiencing some little correction to the upper side as we cannot expect the market to move hugely downwards as well without all this slight movement upward. The good and positive symptom is market is rock solid stable around $6500 levels which may end the crashing and lead to big prices in coming weeks.
However, those who are looking to go long can do that bit by bit until they can go all in when there is a clear signal of a bull trend, but for now, we are still in bear space, and it takes a lot of being careful not to be a victim of a bear market.

BTC market manipulation has become a very controversial field that has always emerged when questioning the activity of Bitcoin prices. Another reason to explain why Bitcoin falls now is market maturity

I think the price of bitcoin collapsed maybe because there was bad news that made traders and bitcoin holders panic so they sold the bitcoin they had at a very cheap price.

This is not really about the end of the month, but maybe we should hope September will actually come with some goodies though. Altcoins are known to blow up when bitcoin is consolidating, and so far, they are beginning to gain some bullish momentum with some of them trying to give a push up.

We cannot say how far this will go, but like someone rightly said, it is all on how bitcoin is going to be moving. I would still like to see more push upwards though, before one can start saying the green days are here.

Investors will not easily panic as you think, they are familiar with the bad news. How many bad news do you think the market has over the past year?

I agree, investors do keep watch on the market and will wait till the right opportunity to buy again, those who sell bitcoins at a low price nust have been new to investing or had already made a lit of profit, but by looking at what is happening now, real investors are on a vlose watch of the market and  are waiting to buy in anytime they see fit, and it should be backed up by real news and not just FOMOs.

This is the "beauty" of bitcoin. You can start writing about how the bitcoin is crashing and even before bitcoin reaches to dip and before the topic becomes 5 pages, bitcoin rises again.

It might as well just be the opposite as well, you can start a topic like "bitcoin is on a bull run" and before that topic reaches to page 5 bitcoin might just start to drop once again. I think that is the main problem with bitcoin, the volatility, I rather have lower returns on bitcoin but a bit more stable prices would help us a lot to at least calculate our investments into crypto world a lot better. Before that, its just throwing a dart in the dark for all of us who are deep into this.

I'm not sure of the current increase in bitcoin prices, because I think many investors are still reluctant to hold the long-term. when the price of bitcoin falls, there will be mass sales.

Oh yeah, no investor will be tampering with getting into a market until they are able to see a clear signal of participating in the market and this is how most institutions operate. For now, we cannot call this a crash and this is just a downtrend. Only if people know the extent of the word crash, then by now, we would have been as low as $100 even. Nevertheless, this is a great opportunity for anyone who is smart and has been looking for a way to get into the market all these while.

That is usually the nature of every market and no market is ever stable. It is this volatility that makes it very interesting for traders and always looking forward to it every time. Stability is obviously something we cannot see with the decentralized nature of the market, as well as the fact that even if we are going to see any serious stability, it would require a huge level of demand and usage properly as a currency for payment than just a speculative asset.

People have started stoking it up now as many would have bought in 6k range and will hold it because they may be seeing the bull run is coming and it is better to buy in dip rather than buying at the rising or at high and then regret that market has fallen

There are lots of factors for Bitcoin crashing but the main reason behind it is"the Price Manipulation". There are heavy manipulations in the bitcoin price. They are carried out by BIG whales who have thousands of Bitcoins. Big Whales can easily bring the price down by selling their bitcoins at any time when they want to get the benefit.

I guess that price manipulation is occuring right now but we should still believe that bitcoins will pump up again before the year ends because it was happening again today just like what happened last year.

I still wonder why everyone keeps relating everything that happens in the market to bad news. What happened to the fact that the market had a huge rapid growth to around $19800 for no reason at all and could not sustain itself which it is trying to find a bottom as we speak ?
Yeah, that is what I am seeing in this market right now and unless we start seeing some real life usage and not just some speculative scenarios, things may actually not change.

Crashing is normal in cryptocurrency as those bigger players will get their profits after the price rally. Also bad news about crypto may a factor that will trigger a panic selling on those weak hands that makes the price go bearish. It's good to hold while the market is crashing.

Maybe because whales are still manipulating the market and they are just spreading rumors about that ETF. Technically bitcoin can survive even without it, but big player still want this market on the dump side and influence people to believe on that technology. The market will recover again and bitcoin will make big impact on this market again.

all possibilities can occur, from manipulation to other activities that are very influential on prices, we cannot reject the situation because it is the state of bitcoin and the nature of bitcoin like that, going up and down prices without us knowing it will often happen and we must be ready to make several strategies so as not to get huge losses

This point in time is just a correction of what just happen in that said no reason increase of popularity of bitcoin last year, it is just that things went too fast to increase to long to decrease that makes crypto users sad about it.

But I think there is a lot of bad news that ultimately makes the price of bitcoin fall because there are so many traders who panic when conditions are bad. the new traders are too easy to panic which ultimately makes them lose money.

Bitcoin prices today is starting to grow again and it was a very good sign to hold your coins in order to earn more profit when cryptocurrencies are going to the moon before the year ends.

Focusing on long term means safe trading because in this way you can wait for the highest price to come out while focusing on other jobs such as working in the corporate world.

I never think of a possibility that bitcoin value will become zero. Bitcoin as a popular cryptocurrency is well supported by many big investors and users around the globe. Though bitcoin had dipped many times due to
its volatility aspect but I have seen it can always recover.

Because  this is how market works, after every fall in price, follow the price rise. Just focus on the longer term and wait till price goes where do you need it

Most altcoins at this stage are actually trying to give a little bit of rise and some bullish momentum with some already breaking out.
Although, all these is still subjected to how bitcoin is going to be acting in the next few days and if we still manage to stay in the consolidation mode inside the rising wedge within few days or find a way to at least go a bit above it, I guess we might have bullish altcoins in our hands within this period. The trend is our friend anyway, so we will see where it leads us.

Don't know what kind of outlook you're on but most people who got into Bitcoin weren't unaware of long-term trends, yet ignored the fact that their recent heartbreaks are... recent. We're not even a year away from when the market started to pull back, we're still more than four months away from meeting that milestone, yet everyone's acting like it's the end of the world. Good for everyone still trying to build a decent holding, so keep it coming.


Breakouts? I don't see any, not until they've managed to stabilise for more than weeks at a time AND show some teeth with the next dip for Bitcoin.

This IS the consolidation phase, Bitcoin's still trying to find a price to dig its heel in. And that it's still up from a year ago? That's what I call a show of strength.

Many thinks Bitcoin is a big bubble in the investment industry that has no value which is a big lie that was pomoted by media but the once who belived specially holders who were holding BItcoin sold to get rid of the mraket as soon as posible and moved to other investment options but now day by day most people are understanding the truth again and investing on Bitcoin so that is why its price is increasing     

ETF has nothing to do with the price movement as we can see it after denial value of bitcoin almost the same performance like couple months ago so i believe that people now learns about those issues and any other related topics are not enough to change the volatility of cryptocurrency


Right,Patience is the virtue for us to stay successful here,we must not take things rapidly because only failure will face you

When people feel the price of bitcoin is so high and they want to sell it all, that's the main reason bitcoin crashing after 2017. When the price reaches $ 20,000 in very short time, why is bitcoin not crashing?

I think Bitcoin price crash days are over at the moment now the price is gaining little by little but no one can say for certain what will happen but many things are happening for the good side of Bitcoin because business interests regarding Bitcoin and it usage is increasing these days which is something didn't happen in the past and its users are increasing by becoming more popular still considering such facts like many I am not happy enough with the price gaining rate but at least it is in the safe zone 

No one can say exactly Bitcoin is crashing by looking for a short term price fall but there are other tokens which crashed permanently in the crypto world but Bitcoin still remain strong considering the situation . If Bitcoin to crash I think at least majority of governments should ban Bitoin but still I don't think Bitcoin will disappear from  the world because it has huge amount of fans all over the world 

Price of bitcoin is crashing due to media, governments and other financial reasons that we have today and among them government restrictions and media news are main reasons why bitcoin cannot grow as it want in the world to its full potentials and those two are the main reasons why its price is not increasing like we anticipated after its drop because governments use media to promote bad information to stop bitcoin from using it in the future and that has become a major reason for bitcoin price to drop   

Bitcoin is crashing maybe because the demand is low or because some entities are selling their big volume of bitcoin. The ever changing interest of investors to new cryptos can also be the reason why they move their bitcoin as they see that bitcoin continues to drop its value.

ETF is one reasons why bitcoin's price is bouncing and not having a steady price everyday with that being said it causes negative output and speculations throughout investors putting negativity about bitcoin's price and where it will be headed. But for me as long as, we holders believe bitcoin since from the beginning then it's safe to say that bitcoin will comeback strong these coming few months.

Negative is a major reason for bitcoin to go down and it is a main reason why the price is not recovering as we anticipated and most investors who bought bitcoin are now might be thinking whether they did right by investing in bitcoin and still media haven't stopped what they were doing in the past where ever we see there often we can see negative news and that reduces new investors

I think bitcoin got crashed due to lack of involvement with the current financial areas in the world which was difficult than most anticipated because still digital currency is a new concept to the world so there was a price fall in BTC but I don't think that is something any trader should worry about because we saw how bitcoin felt even low during last couple years but it got its price back and after that even most thought the price will rise to the last peak level withing few years we see bitcoin takes too much time than we thought but with its current progress in the business and financial sectors I hope it will gain the speed back and increase its price

wow if that happens maybe it will be very good news because the price will go up, but in fact it hasn't happened until now, and personally I still hope this good news will happen later this year.
thank you

The price of Bitcoin has always been subject to rapid price fluctuations. With various conditions that exist then everything can happen so quickly. Now the price of Bitcoin is in a fairly stable condition and is seen trying to slowly increase. bitcoin really had experienced unsteady conditions and it affected the value of public trust. but now everything has run quite normal and now our job is to try to apply Bitcoin in various daily financial transactions. Because with all our support that will make Bitcoin have a much better price value.

ETF is not a reason for Bitcoin crashing because many times it was failed. I think ETF is hold the But coin hype that was the exact reason. All the cryptocurrencies are continuously dump in the market because of Bitcoin dump. It is perfectly proved some whales are controlling the demand and supply of Bitcoin.

Bitcoin prices mainly fluctuated due to the public view and because it is decentralized and no one has the authority to control its price which is unlike the central government controlling a fiat currency in necessary situations by taking essential decisions but for bitcoin there is no authority to take such actions and public view and confidence is a major factor for bitcoin price to change for good or bad and in last time that didn't happen in favor for bitcoin but it is changing for better

The bear market it's been a long time ago, now the market is constantly fluctuating between 6000$ and 7000$, because of strong support at 6000$ the price can not fall more at this time.

Yes, moreover the first condition is based on the fact that it is a decentralized market, it is new and it is highly speculative at the moment with less usage for what it is meant to be used for. Very few people make use of bitcoin nowadays as what every new investor is just looking for now is to get rich quick. In this way, it is always going to be easy for the whales to drive in emotions into the market and take huge advantage of it as time goes on, which I am sure it is a way any smart investor will be looking forward to getting hold of these opportunities for their benefits.

No one certainly have the authority to control based on the decentralized attribute you mentioned. However, when it comes to price manipulation, it is easy for the whales to do this as the market generally is speculative in nature and since what most people are looking for is to get rich fast, with newbie traders hitting the chart with no knowledge on how to trade as well, it makes trying to instigate certain movements in the market easy for whales.

I think bitcoin prices are currently falling probably due to bad news that makes traders panic and makes them make the decision to sell their assets at a very cheap price, they assume that this ETF is bad news that makes the market collapse like this.

Do you remember article about time-traveler from the future about bitcoin?  :)

ETF approval would only add to speculation

But more speculation means more volatility, as simple as it gets. Introducing ETF means adding another level of speculative trading, where Bitcoin derivatives (like futures) would be traded. It won't in the least help Bitcoin adoption, which is the only way to stabilize prices long term (apart from setting them at 0). In fact, it would only hurt Bitcoin real use (provided there is any) as it will add fuel to the speculation furnace. Naturally, by "a steady price everyday" you mean a steady price rise as this is what you, so-called holders, or hodlers, really want

Yeah it is right that the whales are the big reason for dump in the price. Small investors do not put their money because of the whales. They manipulate the market and this doesn’t allow small investors to make money. Whales are sucking small investors. They afraid to put their money in bitcoin. Demand is low and that is the big reason for bitcoin crashing.

Seems like Bitcoin prices are moving further low because today many things are happening against bitcoins progress like restrictions or regulations by governments, bad news from popular media sources, huge amount bitcoin pumping to the market due to other altcoin ico projects because many of the holders are investing using bitcoin and for reasons bitcoin price is dropping rapidly than we anticipated but these things can be changed in the future because we cannot think that the above things will keep happening forever