Bitcoin Forum

So I read from a news today on CCN https://www.ccn.com/vc-investor-outlines-3-major-factors-behind-65-billion-crypto-market-wipeout/ and a popular VC Chris Burniske stated that the 3 major reasons for the recent market fall was because
1) The US market retracement
2) Sell-off of Ethereum
3) The Bitcoin cash hard fork.

Do you think he is right?

Bitcoin is decentralized so I don't think that the US market retracement could have affected it.
I do believe, however, that the Bitcoin cash hard fork was the main reason.

Ethereum sell-off is the reason, I do not think the useless fork of BCH could do any harm, but the huge sell-off Ethereum might be it. There is a lot of projects out there that is currently aiming to take Ethereum down. Either way, it looks like it was planned and not just a result of a market panic.

in my opinion it's true, the 3 reasons are very reasonable. but in my opinion there are many more who are probelmatics. it's only a small part

These are superficial phenomena. I think the decline is the most normal. Most investors need to drive away whales. Maybe the cryptocurrency is coming to an end. This is bad news. If Bitcoin falls below $3,800, it will be a crisis of cryptocurrency.

I will suggest you the article thoroughly before commenting. Your comment in no way makes no sense what's so ever

The reason for the recent downtrend in crypto market is that Craig and Jihan sold their bitcoins. There is nothing else you need to focus on during this downtrend, of course you can look at these for the past 10 months but if you are trying to understand why it dropped in the past 10 days all you need to look at is the bitcoin cash hard fork and why it resulted with bitcoin price dropping.

When people with tens of thousands of bitcoin sell their coins in order to take fiat currency and spend that on hash power to win the bitcoin cash hard fork it is quite impossible for us to match that in buyer numbers and that caused a huge sudden crash in the market. There are no other reasons, there are no other issues going on. This is the only reason why it dropped and of course the panic sellers affected it as well.

I think that this decline was due to the exchange coinchase and hard fork bitcoin cash but I think that soon the trend will change !

Those reasons make sense but I don't think it is restricted to 3 reasons only but it's like a domino effect, once people saw a downtrend it create funds and gossips and sell out what started out as small sell out turns ugly because there are so many people who depend on news on their reason why they are holding their coins.

Guys, advise good ICO's, please

The very moment to buy?

The reasons for the last decline can be incredibly many and unfortunately we are not yet able to explain them. I think that now it is not necessary to do analysis just enough to wait a bit and everything will be fine

it's hard to guess the reason that caused this market crash, too sad to keep thinking about it. so I don't care about the cause, because there are still many opportunities that we can take advantage of in the current market situation.

       So for us that have no reference for reason of this dip and they have all the resources to investigate such dip happening now so we have no choice other than to agree the news as I understand the present situation of crypto , I think the news are reliable .

in my opinion sell-of ethereum could be the main reason of the three reason above
because a lot of project born in ethereum, then from few days ago ethereum down and replaced by XRP as the best altcoins my friend

It was really a strange dip, without any direct and clear reasons - the market just started falling all of a sudden.
Personally I`d avoid buying right now. The situation is still not stable, although the market shows signs of recession today. I`d be on the lookout for news, but now they aren`t that positive: a lot of miners was stopped, some people already started selling their equipment.

i think the first one is true look at apple ,google ,amazon stocks every one bleeds the whole market is down

I would say that Bitcoin Cash hash war is the main reason for recent slump in cryptocurrency market. Ethereum sell-off has been a long term effect for a few months, and it might not get better in the following weeks.

This correction is bound to happen whether you like it or not, it is just that the recent incidences just accelerate this dump. Ethereum for one is ripe for correction what made it is what is rining it down, ICO are selling their Ethers at huge loss because they need to pay for the development of their platform

I do not think there is any solid justification for the downtrend, in my opinion the market and specifically btc and eth went up too quickly and created fake value out of fomo and hype now market is realizing this from last few months and settling to fair price but remember this is crypto we may expect another pump or big growth anytime.

The recent recession has been very difficult for me. I have long felt that my nerves are at the limit because of the cryptocurrency and I can only wait for the fact that there will be positive changes

You forgot that the institutions are pulling the market down so they can buy more cheap coins like bitcoin.

This is the preparation of massive adoption by 2019 so those weak hands can keep on selling their coins at the cheapest price.

3) The Bitcoin cash hardfork. the strongest cause of the fall of bitcoin was after the failure of bch to sell their tokens and make opinions and partner with fakesatosi to create panic, and they succeeded, but the failure of bch became increasingly useless.

There is something to do with the last recent fork of BCH. Because after the fork of bch, many miners if bitcoin are cashing out and transferring to the new fork of BCH because they can have good gain for mining. Resulting for price of bitcoin to collapse. And also there is a big sell-off in ethereum coin, causing also major dropout.

I do not think the US government could affect the recent downtrend of crypto because Bitcoin appears to be decentralized. Other reasons might appear to be true, though. But all I hope for is for the market to get better.

it is holiday season of course hehe, kidding aside but this is also a reason for everyone not only big institution who manages crypto assets. majority of crypto holders are individuals, the reaso it sustain its price is that supports are there, definitely bull market will come again.

Could be right but I believe no one has the right answer, prediction only. I think still try to find reason why market so bad is wasting time, do something to fix our strategy or try new make money method is worth. Past is past but we must see straight a head to change our future. Many ways to make money already there out side crypto market, try get one and leave crypto for now.

The downtrend is not due to ethereum crash but because of valid issues that made crypto to crash. Businessman's knows what they are exactly doing that sometimes they alone who understand the trend which is unfair. Anyway, the market crash have limit time so keep waiting and have more patient to be with recovery someday.

The downside is that people can think a lot but think back to the motivation for bitcoin growth. I find this stage really no motivation for bitcoin growth. So in my opinion it's a normal drop.

the reason for the ethereum and hardfork of the bitcoin cash is considered quite reasonable. ethereum as the main factors that could affect another crypto in this regard. aggravated again with conditions where many are gone leaving the market because of fear and this makes getting down.

You look at the phase of bitcoin at this moment, so you never found any motivation.

But if you are an enthusiasts and you know how to grip with the current situation, you'll take this as a motivation to keep on stocking more bitcoin on your wallet. Whatever the reason of the markets drop now, take time to analyze it and check your position.

I want to believe that the hardfork and the sell off had some much impact negatively and that is why we have the great fall in price of both BTC and ETH.

only the third reason is the real reason behind the recent market crash.
although bitcoin-cash fork had nothing to do with bitcoin and its price, but sometimes in bitcoin market some very irrelevant events can cause a panic sell. and the whales and the FUD media center have always loved these situations to put more wood in the fire that is already burning and make themselves a bigger profit. so the result was this big drop which then caused the avalanche like dump in altcoins.

Yes, these are the reasons why the cryptocurrency has gone down as a whole. But the cryptocurrency market is like this. Perhaps cryptocurrencies will continue to decline in the coming months, but they usually have no reason.

I think the main reason for the fall of the crypto market is the actions of manipulators trying to minimize the prices of Bitcoin and altcoins in order to extort coins from very inexperienced beginners at very low prices. Therefore, a panic was provoked, resulting in massive sales. In addition, at the end of the year, the BTC is usually always reduced. However, the fundamental factors suggest that growth is not far off.

There are much more reasons for a falling market. That ICOs have fixed their fiat profit, this awful hardfork and the whole situation on the market is pretty depressing. But I have no doubts that the end of the falling market is near.

I think the US Market don't actually fluctuate the market that hard
Bitcoin Cash hard fork might be one point

But the main reason is still with the Supply Demand theory
You can see the volume has been going down to 8-9B trading volume per day which means whenever the Bears volume exceed the Bulls, it could create a downward pressure towards the price of the market