Which Reason Do You Think Will Make Cryptocurrency Prices Plunge Again -CoinNess

[Jie He]

Reported by nytimes, there are 5 reasons why cryptocurrency prices are plunging again:

1. Relying on unregulated infrastructure and exchanges is risky;

2. Regulators are cracking down;

3. Cryptocurrencies are managed by communities of developers, which can get messy. For example, BCH's hardfork, BCHABC and BCHSV, are causing chaos in crypto market;

4. ETH and other cryptos encounter difficulty in their network, making their tokens hard to be used in the reality world.

5. Many central banks might issue digitial currency, posing a threat to the non-government tokens.

Take part in the poll on Twitter: https://twitter.com/CoinNessCom/status/1065135686410416129

[untraceable92]

You forgot to include on the most common thing in crypto space right now... Cyber hackers and scammers. they have done far a lot more damage to the new and old investors

[Shatterlean22]

I'm surprised you don't mention fake and scammers ICOs that's making cryptocurrency lose face in the world today ,if scam is reduced then we will have more solid trust in crypto ,presently we need bakkt and ETF approvals to atleast move further

[franky1]

real reasons
1. mining cost went down due to new asics. which means more profit for those running next gen asics which means more btc to sell for less and still profit
2. the same ones running the new asics are selling the asics, which means they are getting paid lots of btc which they need to convert to fiat
3. VC deals from a november 2017 buyup are finally unlocked from a 12 month lock. so finally able to sell..

the answer is all 3 of the above

but dont worry once they shed their skin in the game of the profitable coin. they cant continue forever. and those obtaining the new discounted coins wont sell for less.

so just wait for the plateau

as for the OP's list of 5
3. has nothing to do with btc. that is just altcoin social drama. well timed social drama but thats the point. the social drama timed to happen in the known time of the list i made so they can try faking glory for something unrelated. to try to pretend they are influencers. exchange charts show no pattern that they are the cause.
EG people that heard about 9-11 ran towards the towers then started making selfies that they were involved. and started making up stories that they were survives and heroes. when reality is they just timed some social drama to fake involvement.


1245 regulations, banks and alts have had these issues non stop for years. which means its unrelated and cant explain why things happened at this precise time. there is no trigger event if 1245 happening in november for any of those things.

[Jie He]

I'm surprised you don't mention fake and scammers ICOs that's making cryptocurrency lose face in the world today ,if scam is reduced then we will have more solid trust in crypto ,presently we need bakkt and ETF approvals to atleast move further

Wow, thanks for your reminding. Hope there will be less fake ICOs in the world and the blockchain tech can be promoted in the long run.

[bitfocus]

You should also include Hacks, Phishing, Ponzies and Scams, too.

[davis196]

Reported by nytimes, there are 5 reasons why cryptocurrency prices are plunging again:

1. Relying on unregulated infrastructure and exchanges is risky;

2. Regulators are cracking down;

3. Cryptocurrencies are managed by communities of developers, which can get messy. For example, BCH's hardfork, BCHABC and BCHSV, are causing chaos in crypto market;

4. ETH and other cryptos encounter difficulty in their network, making their tokens hard to be used in the reality world.

5. Many central banks might issue digitial currency, posing a threat to the non-government tokens.

Take part in the poll on Twitter: https://twitter.com/CoinNessCom/status/1065135686410416129

Here are my answers to those 5 problems:

1.More Desentralized cryptocurrency exchange platforms.

2.I don't see any pressure over the crypto world coming from regulators.

3.F*ck Bitcoin cash and their forks.

4.F*ck ethereum....

5.This is just talking and rumors.Nothing real...

[Gozie51]

Less negative rumours about bitcoin but positive news for future. This will bring new adopters because they will like to have future investment for their families.

Also, if people avoid to do panic selling and hodl on to their coin intact in their wallet, it will make coins scarce and the price will increase.

[BrewMaster]

1. Relying on unregulated infrastructure and exchanges is risky;
2. Regulators are cracking down;
5. Many central banks might issue digitial currency, posing a threat to the non-government tokens.

neither of these two are new. things have always been like this, exchanges from the small ones in early days that we have forgotten the name of, to big exchanges like Mt Gox and Bitfinex have always been risky.
as for 2, there are a lot of regulators that are friendly towards bitcoin and helping it grow in their country! so that is not a reason.

3. Cryptocurrencies are managed by communities of developers, which can get messy. For example, BCH's hardfork, BCHABC and BCHSV, are causing chaos in crypto market;

i wouldn't call them "communities of developers" because there aren't exactly developers behind these forks but greedy people who are thirsting for power and money.
in case you have forgotten, bitcoin is money and money is power. a lot of people want to take control of that power hence the existence of these forks trying to fool people into thinking they are bitcoin since they couldn't compromise the real bitcoin!

4. ETH and other cryptos encounter difficulty in their network, making their tokens hard to be used in the reality world.

nobody cares about what happens with altcoins! historically speaking their dumps sometimes might have affected bitcoin price but they can never make enough influence to be considered a thing.

[shehryarq]

Now a days its really difficult to decide the future of cryptos as the value of BTC is quite low now.

What we are expecting guys? Still hopeful?

[DennyPen]

Now a days its really difficult to decide the future of cryptos as the value of BTC is quite low now.

What we are expecting guys? Still hopeful?

Sure! Look at the previous cycles - the picture repeats! Cycles are becoming longer, but the trend still goes on. Difficulties are temporary. Be patient.

[charlotte04]

Reported by nytimes, there are 5 reasons why cryptocurrency prices are plunging again:

1. Relying on unregulated infrastructure and exchanges is risky;

2. Regulators are cracking down;

3. Cryptocurrencies are managed by communities of developers, which can get messy. For example, BCH's hardfork, BCHABC and BCHSV, are causing chaos in crypto market;

4. ETH and other cryptos encounter difficulty in their network, making their tokens hard to be used in the reality world.

5. Many central banks might issue digitial currency, posing a threat to the non-government tokens.

Take part in the poll on Twitter: https://twitter.com/CoinNessCom/status/1065135686410416129

Maybe the only thing that would make it go up again is the most awaited ETF. But I guess it needs more time to happen because I think the market is being manipulated.