Bitcoin Forum

I think the main reason for the bearish market today is because of a decision made by SEC.

"We wish to emphasize, however, that market participants must still adhere to our well-established and well-functioning federal securities law framework when dealing with technological innovations, regardless of whether"

Airfox and Paragon will have to settle charges with SEC and moreover, they are required to reimburse ICO investors upon request. This would mean that other ICO projects which violated SEC regulations will have to follow this process. Due to this decision, corrupted ICO project foundations would need to sell their digital assets in order to have money for the fine and requested reimbursements.

As I mentioned on the previous article(https://whaley.it/articles/93/), I still believe there should be more upcoming news that could bring the market down (even below sub 4500 zone)

However, it does not mean the collapse of the market. To become a healthy market, we need to regulate several scam projects(Too many scams out there) and build an infrastructure to protect investors. I think it is one of the preparations for the explosive growth of the market and the involvement of new investors.

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Doesn't SEC have control only on the American market sphere?
If yes, How does it really affect the whole crypto market given that it's not only America involved in crypto more-or so most ICOs that were held were mostly avoiding investors from countries that seemed to have some tough regulations on them such as  the US and China, to mention but a few.This means that most of them will get away with it. This reason for the current heavily bearish market doesn't add up.

I absolutely agree with you. A huge proportion of investors who are able to bring new financial flows to crypto do not do this due to the fact that a lot of ICO projects eventually turn out to be fraudulent. To risk a serious amounts of no sane man will not, because should the settlement of law of the creation and maintenance of the ICO.

It’s nothing to do with the SEC & their lack of understanding or accepting that bitcoin is ready for one of their shit ETF’s.

The reason the price is falling down quicker than a cheap hooker getting on her knees for $100 is because of a number of reasons, mainly the shit show that’s currently going on with BCH. Ver/Jihan & CW are all burning bitcoin’s to support their weird as fuck fork civil war. This made the price drop & now it’s filtered down to average joe panic selling which makes the price drop more.

It’s one big fuck up! We’re probably going to have to wait until 2020 for the next big bull run post halving.

Your reason is very correct, I also get information from the current price decline, I am just waiting for the end of the ongoing civil war, and prices will recover soon

I dont think this is the only reason clearly SEC's jurisdiction is only in the USA which other ICO is based on other countries. Somehow i think what's affecting the bitcoin price is this hash war they're calling between btc SV and btc ABC. The price may plunge further but let's see if there is a chance for a bull if institutional investors joins in.

I think not only one reason effective for that bearish market. We know the crypto field is a very huge field. There are have lots of altcoins. But, these all altcoins prices went down suddenly. Actually, all peoples are really surprised about that thing. Personally, I hope, the main reason is lots of bad news released about the Bitcoin. We know, all altcoins are depended on the BTC. And the other thing is people are scared about that situation and they are selling them tokens. So the market makes a huge downtrend.

There is one thing with the crypto market, that any market sentiments will impact on the price. The decision of SEC concerning the scam ico projects that have failed the government approved procedures. We may have been affected somehow because the price has gone down but on the other hand, we win in that a scam ico project is being dictated and sanctioned which will stand as detriments to others

What reason you gave was for the market crash happen on Nov 15 when the hardfork was happen and market corrected to more then $1000 down.

Today 's reason is the same what OP is telling it is true and due to it now market can go below $4500 if more ICO get notice, then they will also start to sell their project to be ready to pay back the investments what they got from investors.

The funny part is that while they are doing it the price of BCH is going down even faster than Bitcoin. Also, Craig has much less money than he wants us to think, and his war will leave him bankrupt. For Jihan it's also a fight of last resort because his business is doing bad. He gambled it by leaving Bitcoin for BCH and BCH is now worth 10% of its peak value. It's worth less today than on the day when it launched.

Lol SEC is nothing to do with the market dumping because for how many times denial from this institution happens but market still come to recover
I believe that this is the bitcoon cash suppoters attack to take the number one place,but sorry they will never succeed because bitcoin will always be the number one

this isnt just a bearish market this is an entire trend shift.

its the bitcoin miners that constantly want everyone to believe its just a "bearish market" while the market is seeking to decentralise and develop the cryptoindustry

Yep, they're liquidating their BTC in order to purchase hash power to back their respective projects.

These guys are destroying the market

In my own opinion, the news of today by SEC contributed to the further decline in Bitcoin price and cryptocurrency in general. The start of this decline was the fight between Bitcoin and Bitcoin Cash harsh rate, the laughing issue of the whole matter is; Bitcoin Cash price decline along with other coins in the market, at the end of this fight some notable individuals who are supporting BCH will be bankrupt as they are all selling off their (Bitcoin) asset to fight. 

This was my opinion already
War between the rich to achieve personal interests
He lost everyone
These idiots present a hideous image of encryption
Oh, they are ugly.

If we continue with your logic, just having control in the American market should mean that Bitcoin's price should only go down in America and also BAKKT's positive decision about Bitcoin should only lead to price increases in some companies but not so.This is a global money and it is possible to reach wherever there is internet connection and any new development will have an impact on the price, even if there is no big news.

bitcoin is correlated to stocks and if stocks is dead on December expect the same for bitcoin.  give it sum times n it will break away. becoming digital gold. but right now it's too soon for bitcoin as a currency. recession comes in 2019 bitcoin goes to 1000$ and there's nothing you can do besides sit at home broke.

Well you're wrong, completely wrong but good to know there are still fish in crypto.

you are wrong. people stopped caring about what SEC says a while ago. at this point everyone knows they are not pro-bitcoin so it is expected of them to act against it so anything they do is no longer going to affect bitcoin and its price.

i am with @LFC_Bitcoin on this. this drop is only because of the shitshow of BCash. from the day BCash was created it has been damaging bitcoin to this day and it will continue to do it unless it is destroyed. BCash is not like other altcoins out there. it was created with the sole purpose of harming bitcoin and this is exactly what it has been doing so far.

The SEC decision has nothing to do with this. I agree with some previous posters that the Bitcoin Cash forkers are behind this. The war between the two sides needs massive funding to keep the facade going that their fork is winning and they are burning through their BTC hoard to fund this. We all know that they are sitting on large amounts of BTC, even if they are saying the opposite, so they will sacrifice those coins to win the war. <hoping that the victory would render large rewards if their fork succeeds>

You only need a few thousand coins to spark enough momentum to get people to panic sell and that is what is happening now. Markets are being flooded with coins and the price drops.  :P

This has been expected for at least 6 months by TA's like Tone Vays and others in the maximalist scene following the price. The fork wasn't even announced back when everyone was "waiting for it to drop lower" and it just sat there for months.

It was probably a hedge fund that shorted bitcoin futures and then pulled their money out of bitcoin.

Far more likely than Bcash having anything to do with it. Those blockchains aren't even relevant to bitcoin price currently.

Regardless, there will be a bottom where support starts again and tons of people who knew not to buy at the end of last year will definitely be buying soon.

Being a FOREX trader for 10 years, I should tell you that this fall and it will be bigger than what you see is the starting of the rally. after the great fall that will happen everyone will be worried but it will go very big next year.

They will reach 21,000,000.00 BTC whether you like it or not. and it will be very high in prices.

Keep your power and don't buy now, just wait for next year.

Absolutely agree with you. I also think that Bitcoin will not fall below $ 4500. And this bear market does not mean that Bitcoin has come to an end. Not! It just takes time and we will probably see how its price starts to rise again.

Yes, those 2 idiots are dragging us down as of the moment and then followed by speculators (newbies) panicking seeing their wallet value dwindling down.

So we're caught up in the mess those two has started and there's no one who can tell when this will end. We have seen the lowest price (53 weeks all-time-low) and we may have to see it going south for the next couple of weeks. So its probably the 2019-2020 when we will see a good bounce back.

Altcoins is not far from collapse，scams has destroyed a healthy and promising market. I didn’t realize that there were so many scams in altcoins last year, but now I don’t believe most of them.
I think that only a very small number of altcoins will succeed, and most of them are scams or shits.

This year has not been a very good year for most crypto investors, there has been several negative news surrounding the crypto market which has not helped the matter. The world of blockchain technology would be full of such great news in the near future and that is my greatest belief and hope.

I realise that the SEC is really the destination we need to overcome to help the market get back to the president? I find that there are many great powers involved in Crypto and creating a lot of ICOs, the control and the requirement to return money to all investors is impossible. In particular, there are certain risks in economic investment.

I wonder if you're a bot or a troll or both, I don't even think at this stage anyone cares for what Sec thinks or does. If you're not aware then people stopped caring for sec a while back, cause everyone knows they would not be approving bitcoins etf, the fall was already factored in. This mess is because of the so called civil war between Bitcoins Cash owners, whose sole purpose is to destroy bitcoin. It's pertinent to note that right from it's onset it's been destroying bitcoin, we can only hope they stop doing it.

In my opinion is, there are have lots of bad news. Besides, the Bitcoin prices go down rapidly. Actually, I really regret that current market condition. I think the main reasons are, people are very scared about that current market and they think this is the end of crypto. So they are selling their tokens fast. So the market makes a heavy downtrend. I think this market will become a normal market in 2019.

The crypto marketplace is full of scam projects of which over 80% of ICOs are scams. If the bearish market is due to SEC in regulating ICOs then it is a good development Bitcoin will surely pick up soon. Scam ICOs and hackers are scaring crypto investors

I think is not just SEC decision but the main reason for the bearish market today is the civil war between BCHSV vs BCHABC which don't care about everyone else. They so arrogant and never care about the impact on the market and makes us lose a lot of money because of it. I hope they realize it and over this war.

There are both positive news and negative news. Fact if people dont take in much of positive news but are more effected by the negative news. So they tend to linger in people's mouths for a longer period of time and not the positive ones. There has been growth no doubt in crypto not only altcoins but bitcoin as well. But the effect on price has not been too much.

I think people were too enthusiastic about the pump that happened last year to be repeated this year. They forgot that this year there were nothing like a bitcoin fork or main stream attraction following price manipulation. :P

That means there will be many ICOs selling their tokens or coins to pay the charges ?
If this is true, then the market will not recovering even at the end of this year.
i thought the collapse of the market was only the manipulation done by some whales.

Check this out.
Ethereum Spent Overview(https://whaley.it/articles/100/)
They selling their ETH a lot these days.

Yeah, I strongly agree with that.
PoW system makes the biggest problem, shit miners  :'(

As I wrote https://whaley.it/articles/93/,
There are also other reasons for BTC will be falling down more:
1. Bakkt Exchange Launch Date on December 12th(It was pushed to Jan 24th 2019)
2. CME and CBOE Futures expired this Thursday with 5-month low of $5365 (CBOE) and $5340 (CME) bringing market expectations down.ow of $5365 (CBOE) and $5340 (CME), bringing market expectations down.
3. Cryptocurrency market is influenced by plunging US Tech stocks

Ver/Jihan & CW sold their tokens before Bakkt's ETH futures release to sell short.

I know that shitshow of BCash damaged BTC as I already wrote on my previous topic.


BCash Hardfork is merely a show to sell their bitcoin before the downfall by SEC and Bakkt's ETH futures.
The reason for delaying the launch of the Bakkt's futures exchange is that the BCash had created a bear market that institutional investor can not hit 'Short' easily.

The reason is simple to understand.  The masses of inexperienced sheeple invested in bitcoin are selling in panic and at a loss.

The smart experienced investors are buying at depreciated cost because they know there is a excellent chance their investments will return 10X, 100x, even 1000x in the future.  They wait.  No panic.

This is difficult for most people to understand this which is why they continue in deep drudgery jobs collecting a limited paycheck every week when they could instead go out there and create wealth and prosperity they would never get simply serving someone elses business.

So there you have it.  Break the chains that hold you back or suffer day to day for years to come.

I do not think that it was SEC that influenced the market decline. My version is that the growth of a cryptocurrency market is expected by the new year. And large investors want to buy cryptocurrency now at a reduced price. I am sure this is a manipulation.

Many people are buying though right now, expecting the December rally.

There are many underlying reasons for this market crash and we are nearing an 85% retracement for Bitcoin. Most are on par with Fibonacci retracement lines and all the big whales they run the news outlets and feed the people what they want to feed them. I have been hearing that a bull run has been coming since February, thus I held a lot of coins and tokens that died in value. Now we are going into the capitulation part of the trading cycle whereby the big institutions and big players want to get in with humongous discounts, also the BCH crew did a fine job of helping this happen by deliberately crashing the price of Bitcoin. This is all times perfectly for the big players to make bank and make all the retail investors exit the market until they market crypto again for new fresh retail investors to fry and eat. Most of the 2017 crowd are rekt.

I don't think SEM is behind the dumping of coins, I believe all this are normal occurrence that must happen in such a huge market with billions of dollars with several criticism and scam ICOs from Altcoins. But in due time the market will recover and everything will be just fine again.

The SEC has always been a hot topic with bitcoin, and the SEC also has enough influence to change people's perceptions of bitcoin, which is why the price can go up or down.

Please I stand to be corrected, SEC decision on market got nothing at all to do with the prices of Bitcoin and cryptocurrencies as whole. What we've experienced is ust the handy work of whales shilling here and there with a sole aim to gain more assets at relatively cheap rate.

the sec regulation came at the right time, where we were experiencing the emergence of fake and fraudulent icos into the crypto space, lots of investors have lost huge amount of their life savings in investing in icos who later made away with their investment. This bearish market will last but a while, let the system be swept clean of fraudulent icos so that investors can trust the system once again.

  Bitcoin is volatile  it has a tendency to increase the value of Bitcoin beyond our imagination that is bullish time at the starting Bitcoin had no value the value was too low and after two three years the value of Bitcoin increased and by 2017 the value reached more than imagination and by 2018 the market value began to depreciate and reached to a bearish market .. One of the main reason for this bearish market may be concerned of the political and economies ot the country in other words  the bear market  may be the opportunity to invest for the future growth  .

Well you can't really flush out scam and shady icos entirely but you're right. That aspect had a lot to do with the decline of the market, probably more in  the decline of ethereum where most of these icos are platformed on. Though i think we're almost at the end of this bear trend.

I hope it has the positive influence in the coming months as this can make or break the price and demand and accordingly the future would be decided based on how things turn out to be . It will definitely play a vital role in coming time .

The entire Alts are following only BTC if the value of BTC pumps the entire coins pump else it will drown automatically. The market is unpredictable and  some big investors are manipulating the price everywhere, hopefully the price will pump in this last quarter.

The SEC's decision has not had a strong impact on the market for a long time. Now this news is not important. It all depends on the big players.

This is the topic at 2018, but now the market will be sick and not any sign to recover at the high price. And I think the main reason for the bearish market is the lots of scam ICO project, it makes the investors disheartened and not interested in investing in this cryptocurrency market, and that cause the bearish market now!

Once again the market of bitcoin has grown and now it is getting near to $3900. This is a small growth with fluctuations in between, upon the accumulation by the whales. When those funds get into the circulation automatically the price of bitcoin will tend to get into a bull market. As we've entered the third month of the year, a good growth is supposed to be reached before this month end.

It looks like it was a regular price surge. The price of bitcoin again fell a little, the market again stands. Investors are now very passive and cautious when investing. The situation with fraud in ICO projects has not been resolved and this, in my opinion, holds back the development of the entire cryptocurrency market.

Those who have planned for long-term are really not worried about this bearish market. bitcoin is a valuable and most influential coin in the world. yes I agree manipulation is happening by big whales where they take advantage to buy bitcoin in cheap prices and they wait until the market comes to its peak. Just hodl it and wait for your turn.

Definitely does that planned long term investment wont be bother with the bearish market but I wonder why people worried theirself whenever the bearish market occur because it something that usually happened whenever the a ATH is achieved the whales will dump their holding for another maximum profit opportunity.

Lol. Dudes. I think you shouldn't be thinking about the moon at least for bitcoin at this time. We're probably looking at the same movement for months or even until next year. The market feels lazy and i unattractive to new investors and unless something changes, this trend would probably be sustained.

I don't think the decision of the SEC is the main reason for the bearish market we are witnessing on the cryptocurrency market because the sec only have control over the US market and not the whole world market, I believe the high price increase in the past 2017 was as a result of heavy manipulation of the cryptocurrency market by big players in the cryptocurrency market and when they were done with the pump they cash out the gain and move on to other commodities.

Manipulations are everywhere. And what is most interesting is that we don’t get anywhere from them. Therefore, I propose to simply accept and adjust to the market. Because he will never fit in with you.

The lawsuits against the ICOs Airfox and Paragon had nothing at all to do with the bearish market that has been going on for multiple months now. I'd say that this mostly meant that there would be some downward change in the market, but the sec cracking down is more influential on users who want to raise funds, or are in the process of raising funds, then the whole crypto market as a whole. The crypto community always knew that the SEC, banks and other governmental organizations disliked crypto due to its freedom, and undeniable ability to fund illegal activities.

I'd say you can't really contribute the bear market to a singular reason.

Prices fell for a reason, prices have gone up too much and we know corrections will happen, especially there was news about the bitcoin ban in Korea and some Asian countries were implemented, and that's where the price of bitcoin began and continued to bleed to this day

The market isn't bearish anymore, right now market is gaining resistance for a bigger price pushing. Now it seems to swing, end of the day there is good price increase. A day back it fell low close to $3950 and by the next day the price once again came close to $4050 and today it has crossed $4100 which is pure growth.

I dont think its over, prices can fall back if there is oversupply especially many people who might just sell their assets when prices rise to $4100. and that's what happened at the beginning of 2018, Too much oversupply of investors wanted to sell at ATH and many of the investors wanted to save their assets, so there was a bearish

I don't think it is not in bearish trend until now. We can't just be sure about this. Bitcoin tried to push it to the next resistance on its journey to 5k usd but it always fail. But my positivity in bitcoin will never reduce, it will go up soon. Only if the dramas will be gone.

The main reason for the bearish market is Etf approvals lot of expectations for wall street investors the approval news took back billions of dollars

naturally this is a market, there is a time of bearishness. There are so many bearish causes, obviously the offer is bigger than the demand and there are a lot of FUD news that are pending on this market.

I think the bearish was just a coincidence with the SEC activities and it triggered it. Usually people do respond to Negative news with high that’s positive news. A lot of people panic sold to avoid and stay out of the market to see where the next drop zone would be. Now perope are no more scared of any news or price drop.

Yes we should be positive and be wise because so many people are trying to put the market down and make everyone lose, better be wise and be positive, market is bearish only because of panic sellers don’t be the one just hold with patience, those who are lack of knowledge try to guide them not to manipulate the market.

There were news on the Internet that was voiced by many cryptocurrency users regarding today's price drop. It is said that the market fell due to the closure of a single drug trafficking website, where it was possible to pay in cryptocurrency. K means Certainly funny, but nevertheless, everything is completely possible.

Do you think that crypto is already used for drug trafficking? Cause I feel bad with that.
Not possible that it could used for some illegal activities, frauds but isn't that proven due to its anonymity for every users, only just news spread. 
But looking into this things, I've never think that it will give a bad impact into the market. We are hardly to recover cause we have that low demand and some investors are not investing again after big losses last year. But of course, will have that recoveries in the coming days as the market started to move.

The main factor for low demand in today marker is because a lot of investors has hit a big lost in the last year and some of they has being not invest again due to a high lost. Investors scared to invest and that make the marker has down. I think this will be change soon after we see some more positive activities in bitcoin market then a new investors will invest more.

It isn't the perfect bear market, from analyst view the market is predicted to grow crossing $4200. If this happens then it is the end of the bear trend, same time possibility for a down trend is possible with bitcoin going low to $3500, and the low bottom close to $3200. Right now the price recovery after falling low to $4000 and crossing $4100 have added resistance for the next price barrier to be $4200.

This thread has been made at least 5 months ago and of course there has been a change in market sentiment, at the end of the first quarter of 2019 the trend showed a good increase in my opinion and it looks like the bear market will end soon which at least will be pretty sure in the second quarter of this year there is a much higher increase if indeed the bull run is what has been predicted and expected so far.

Look at some of the prices of cryptocurrencies that exist, prices are in the green range and that is good if it can be maintained for a longer period of time. We are still in the first quarter and in the second quarter of the future we will get a much better situation, hopefully this can all run smoothly and without significant obstacles.

A lot of changes from the first quarter which some of us thinking that bitcoin will not recovered back again due to the downfall of its price but as you can see from time to time there's still a chance that the market showed us some positive thread and I guess this wont take too long bear market will end up soon.

I have always maintained that the cryptocurrency Market is one which is highly controlled by speculation.
So I'm not surprised that the SEC news  could cause Market downward trend.
It's expected.

It seems the bear market has stopped for a few days now and the bulls are pushing it up this week. We crossed 5k and now are going to 6k in my book. Although the first quarter was bearish it does indicate this breakout even if it might be a bulltrap would not be stopped very easily. Today there has been a correcting rally back 4% losses but the gains have been pretty big recently. Not sure about the reason yet but lets hope the bull market will catch up again once the bull complete resting for now.

Lets get more people resistant against the SEC news. That should be our motive.

The main reason why the bearish market kept us for a long time was based on speculations which has negative impact on the market. This can be solve only if the Bitcoin communities will stand firm against Bitcoin enemies and together fight for Bitcoin adoption. Together the bearish market can be a thing of the past.

Currently the market is no longer Bearish but bullish as Bitcoin price still stand $5,000 and still growing.

far more adoption or use of bitcoin can lead to a volume of bitcoi market, this will increase the number of requests and of course the price of bitcoin will increase. some speculations also assume that this year there will be a positive change. now I keep holding on to such a good market, I will try to save some valuable assets and hope that prices will increase in the future.