Bitcoin Forum

Why Cryptocurrency getting crashed in last somedays?

This is not crushed , this is crashed , Actually this is happening due to fear of hardfork ( fake new spread in the internet that you will lose your btc in the experiment of the hard fork  ) .
Many newbies who don't know about the Bitcoin fully are feeling fear to loss money in btc , so they are selling Bitcoin but with these Noobs there are another people who are thinking that they can loss another altcoins also like the Bitcoin , so they are also selling Thier altcoins .
But today you can see the market is green and people started buying altcoins because they know that there is no risk to buy altcoins .
So I request to everyone here  , don't be negative .

The current bitcoin price is 2291 USD.I don`t see a crash.It`s relatively stable.Do you mean some other cryptocurrency?
I quess that we are all waiting for Segwit2x and that`s why the major players don`t want to buy
more btc and pump the price.
Know the difference between crush and crash OP. ;D

yes its crashed and its because people don't want to see their bitcoin price is in under price so they sell their altcoin to have bitcoin and then they sell their bitcoin. we see that at the market, the altcoin price has got down and the price down to deep, people is panic to see this and this is why almost altcoin is crashed. beside that, people is waiting for august 1 and they want to know what is the result for bitcoin.

Yes that is right it is relatively stable. But as in last 2 days BTC suddenly fall down around 100$ and again up and today again fall down and many altcoin also follow Price of BTC and all that altcoin price also fall down.

You mean alts, Bitcoin is down a little, but it isn't tragic, especially when you look over anything but the short term.

Alts are in a massive bubble, that might explain why they will eventually fall massively.  They might drag Bitcoin down a little with them, but I don't see it being a huge problem, in fact the BTC dominance being over 75% again would be a good thing for the Crypto world in my opinion.

When enough peoples bought high, it's time for a dump to trigger a panic move.
It's time to buy when everything is red.

Agreed is a good time to buy... if you still have money to buy. I went buying while it lowered and now are without funds at bottom lol.

Guess that you also have to wait a bit. When crypto goes down, it goes down harder than expected sometimes.

In fact, all the damage comes from the users themselves, people are afraid of the existence of bitcoin when hardfork. No one can afford to kill bitcoin, but the community is killing themselves with fear.

It looks wilder than the volatility we are used to. As mentioned before, usually either bitcoin grows, or altcoins grow (because people buy/sell altcoins mostly for bitcoins). Maybe look at the BTC history. There were several crashes but the market always recovered and went back up and above. I’d expect something similar with less “mature” altcoins too.

Panic selling has become an everlasting problem due to newbies.Once again,they have started to believe that hard fork is going to happen and bitcoin as well as altcoins would crash.So they have started to sell all of their holdings at the same time.Thats why a huge price drop.But every thing would settle down and once again bitcoin price would start to increase after august 1.

It's still profitable to sell at a loss, then buy back even lower.
But it's gambling ;D

its been a months now that we are seeing new movements with cryoto market, before when bitcoin rise up alts will fall then when bitcoin falls alts will rise now things are different with btc falls really hard almost every alts are also falling together with it and its really hard to assess  if what coin to buy and to hold.

this is just another wave of FUD which is causing the panic throughout the community once again and people always sell to be safe when they are scared.
this is not the first time and it won't be the last for many years to come. this is the temporary manipulative effect that we need to accept and instead of being afraid of it we need to learn how to use it to our own advantage to make more money. this means to be in the same group as the market maker not the newbie panic sellers.

you can see it all over the charts and history of bitcoin. it is nearly like a Déjà vu (https://bitcointalk.org/index.php?topic=1935374.0)
and it happens over and over again (https://bitcointalk.org/index.php?topic=1784749.0)

Right,that is what i am also thinking why this time this type of crash happen. Almost all altcoins also falls with BTC that is happen nowadays . Before this scenario was different as you say BTC rise,alt falls & BTC falls,alt rise.

I think the reason is that the SegWit is coming.

Are you sure 100%? The government and banks can killing Bitcoin anytime if they want, they can banned user use BTC all the world's and released their digital cash (a coin) use technology blockchain as Bitcoin. Don't think the government can't do that, be careful!

I think If Segwit will come than market price go more lower than current price.

If you take a look at the chart how much we went up in the last 4 months then I think it's no suprise we see some correction happening.
The question is if we will continue decresing or if this is just some breath taking before moving up again. In terms of Bitcoin I believe we will consolidate a bit more and with the activation of Segregated Witness we hopefully will go for $3000 again.
Further speculation makes no sense imo. Regarding altcoins I don't really care that much.

No, the reason is the people are feeling panic caused by the hardfork of bitcoin. You must see the chart of ethereum at the hardfork of ethereum already happened and that gives you the clear answer regarding what was happeing with bitcoin yesterday. Segwit is not the real reason to make the crypto gets crashed.

Cryptocurrency may quickly turn from crashed into crushed

Actually, Litecoin has been doing pretty fine these days, and when it first appeared to be going down along with Bitcoin (and, as I can guess, with a lot of other coins), then it quickly and powerfully rebounded going back to its recent highs. So it seems that not all cryptocurrencies are born equal this time. Regarding Bitcoin specifically going down, this is kinda expected. The market is ultrathin now, and anyone with a few thousand bitcoins can easily crash it. And if he added a little more bitcoins, he could as well crush it

Very simply, bitcoin crashed because people no longer believe in it, they are worried about its future when the hardfork happens. If people still believe in it, the value of bitcoin will never decrease.

This topic seems to be being used repeatedly .
But like what I have said in the previews thread the holders are just taking their profit . 

i think people still believe on bitcoin and that is the reason that the price of bitcoin is not getting decreasing and is still trading so much stable i am sure that it will continue increasing and we will see no bad effect of 1st August on the price of bitcoin.

But currently the price is on the green. does it mean that people faith in bitcoin has comeback just like that? I agree the uncertainty of the event in Aug 1 is still unknown. But if you have fully trusted it, you will understand that their will be temporary setbacks along the way. We need optimism and be positive specially in this moment and not panic and sell your bitcoin.

And less than a few hours later, most cryptocurrencies have rebounded. There is negative sentiment around the hard fork, massive fears of an alt-bubble, but that hasn't stopped people from buying alts again.