Trivelius
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January 22, 2018, 10:49:56 PM |
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Although bitcoin couldn't be manipulated by any private sector, its value can be. This is called Market Manipulation. A group of people will decide wether this productnwill increase in price or it would be decreased. Then bam, they have now manipulated the market based on their own hypotheses and inferrences.
To much people involve in here, and with that Market Manipulation it seems to be true. It really affect the entire crypto, as they continue doing this, it makes people moving out from crypto which is not good. We make this market grow not by killing it, maybe we should keep helping each others to make this new form currency to succeed. I think we cannot consider it as crash, It was just a correction and now we can see that bitcoin price is trading in a very stable mood and hope that very soon bitcoin will once again get its accelerator and very soon its price will cross 30000$, we just need to remaid as calm and cofident and should not sell sell our bitcoin in panic.
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RodneyKings
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January 22, 2018, 10:58:09 PM |
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It crashes so small fry investors are able to buy BTC at a price they can afford ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) For those who've been in crypto for quite a while now seems to enjoy crashes like this too as it gives them opportunity to top up and add additional coins in their portfolio.
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faceoff97
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January 22, 2018, 11:02:56 PM |
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So, as many of you are painfully aware, bitcoin crashed around 30% over a couple of days, reportedly due to regulatory pressures in Asia, and a potential ban in China due to energy wastage and tax evasion risks etc. Reports suggest that China contributes as much as 70% of the worldwide hashing power, and yet we only saw a 30% drop. Source: Report: PBoC Quashes Bitcoin Mining Ban Rumor in ChinaFurthermore, we saw 30%+ drops in other cryptos, even unminable, non-decentralized ones. So, conspiracy theorists, why do you think bitcoin really suffers these sporadic crashes, could it be large-scale market manipulation? Or is it simply FUD leading to a wide-spread panic selling? This already happened late of 2017, we have seen how bitcoin value was affected due to reported news related to China banning of ICO. Tgere is no denying that China takes a large role in the changes of price for bitcoin basically because there is a large market people in the country. Though China may manipulate the value, they cant still have the full control over it and make it totally dump. There arr still large number of people around tge world whose into it. An attempt from China before succeed to decline the price, but luckily bitcoin showed that its price not dependent on a country. In tact ita value was regain ang and hit even harder.
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Balkany
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January 22, 2018, 11:03:06 PM |
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Do you think btc can fall more or it's the good time to buy for a short term buy/sell?
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ranman09
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January 23, 2018, 04:22:29 AM |
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This is probably because of the FUD from korea, Chinese banning miners and the super high transaction fee of bitcoin. Hope core developers take into account micro-users that doesnt have that big money to use bitcoin.
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armansolis593
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January 23, 2018, 04:54:20 AM |
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-snip- could it be large-scale market manipulation? Yeah, a few days ago bitcoin was averaging at $12k after their pump it is now down to $10k again, this is probably due to the whales that has been manipulating the market for their own gains. Or is it simply FUD leading to a wide-spread panic selling? It has also some effect on small scale traders because they cant really compete with the big traders they only go with the trend that whales decide. FUD can really spread fear when your budget in the market is low, cant blame the small traders as they only want to profit on what ever they can hold.
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bitcoinzen
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January 23, 2018, 05:01:48 AM |
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no body say why bitcoin is increasing rapidly every one want profits but when it comes down everybody losses their mind well it is market need correction often to see new highes
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tigermonkey
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January 23, 2018, 05:07:01 AM |
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It is normal for crypto market to have wild ride (up and down). FUD and speculation are factors...
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notyours
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January 23, 2018, 05:10:40 AM |
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So, as many of you are painfully aware, bitcoin crashed around 30% over a couple of days, reportedly due to regulatory pressures in Asia, and a potential ban in China due to energy wastage and tax evasion risks etc. Reports suggest that China contributes as much as 70% of the worldwide hashing power, and yet we only saw a 30% drop. Source: Report: PBoC Quashes Bitcoin Mining Ban Rumor in ChinaFurthermore, we saw 30%+ drops in other cryptos, even unminable, non-decentralized ones. So, conspiracy theorists, why do you think bitcoin really suffers these sporadic crashes, could it be large-scale market manipulation? Or is it simply FUD leading to a wide-spread panic selling? I think bitcoin crashes occasionally due to the economic status of a country. If the economy of a certain country is healthy a lot of new investors would pursue their interest in bitcoin that might affect the demand in the currency that later on cause an increase in its price. On the contrary, when the economy is sick or low, the probability of a certain person to engage towards bitcoin is cut-off. They would rather use the money for their daily needs due to high price in the marketplaces than starve just to invest in it.
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Feduk
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January 23, 2018, 05:35:21 AM |
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That crashes are not sporadic or occasional. I know that we all desire bitcoin to be higher and higher, but there are a lot of decreasing factors an people who play down. And it's clear, that market depend on news, and I hear only bad news last time (from India and China mostly).
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gurunanakji777
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SOL.BIOKRIPT.COM
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January 23, 2018, 06:03:27 AM |
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I do not see it as a crash. Bitcoin itself very strong in cryptocurrencies. I would say a market correction rather than crash. Market can not move non stop in the same direction. Correction was due because market rose very aggressively in the past 2-3 months. It's a normal behavior of market. We can not expect always bullish market. I hope soon market will be stable.
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Hypnosis00
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January 23, 2018, 06:43:40 AM |
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It is normal for bitcoin to crash because the market of bitcoin is very vulnerable to that since the market is decentralized and there is no regulation that is happening in bitcoin so it is so easy to think for the possible reason why does bitcoin crash occasionally. If there is a bad news then it will be a huge negative effect on bitcoin like what is happening right now.
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ay0d1
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January 23, 2018, 06:48:19 AM |
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MM also create artificial FUD that cause panic sell could also be another factor
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coynedterm
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January 23, 2018, 10:01:27 AM |
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So, as many of you are painfully aware, bitcoin crashed around 30% over a couple of days, reportedly due to regulatory pressures in Asia, and a potential ban in China due to energy wastage and tax evasion risks etc. Reports suggest that China contributes as much as 70% of the worldwide hashing power, and yet we only saw a 30% drop. Source: Report: PBoC Quashes Bitcoin Mining Ban Rumor in ChinaFurthermore, we saw 30%+ drops in other cryptos, even unminable, non-decentralized ones. So, conspiracy theorists, why do you think bitcoin really suffers these sporadic crashes, could it be large-scale market manipulation? Or is it simply FUD leading to a wide-spread panic selling? Here not a single factor affecting the bitcoin market to go up and down , specially here our discussion is targated over the dump in the market price of the bitcoin . Here we can see that every time a negative news enter in the bitcoin market and gave a big impact regarding the trust that most of the people have with the bitcoin and that results into panic to have bitcoin in bulk . Here recently a big factor that is running in the bitcoin market is that taxation rules that will government take from the Bitcoin users ( even bitcoin is not legalised ) and also government is taking all the old statement of used bitcoin amount. So people are thinking that bitcoin will no more remain like that which was easy to earn and make profit ( newbie like thinking ) .
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Procopiogamscrypto
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January 23, 2018, 10:29:32 AM Last edit: January 23, 2018, 12:54:00 PM by Procopiogamscrypto |
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So, as many of you are painfully aware, bitcoin crashed around 30% over a couple of days, reportedly due to regulatory pressures in Asia, and a potential ban in China due to energy wastage and tax evasion risks etc. Reports suggest that China contributes as much as 70% of the worldwide hashing power, and yet we only saw a 30% drop. Source: Report: PBoC Quashes Bitcoin Mining Ban Rumor in ChinaFurthermore, we saw 30%+ drops in other cryptos, even unminable, non-decentralized ones. So, conspiracy theorists, why do you think bitcoin really suffers these sporadic crashes, could it be large-scale market manipulation? Or is it simply FUD leading to a wide-spread panic selling? bitcoin has a nature of volatility, any untoward incidents and mislead information regarding crypto currency create chain reaction that measure the stability of the coins, i think that is one of the reason why it crash occasionally
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TehMilkMan
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January 23, 2018, 10:38:14 AM |
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This week’s Bitcoin crash was all about fraud and regulation. Cryptocurrencies have had a rough week: the value of bitcoin plunged to a mere 50 percent of its 2017 peak, and other currencies, such as Ethereum, Ripple, and Litecoin have seen double-digit losses compared to their heights from last year. Tuesday also witnessed the collapse of BitConnect, an anonymously operated crypto exchange that had been repeatedly accused of running a Ponzi scheme via its proprietary BCC currency. Taken together, these events may simply act as another reminder of the “volatility” of the cryptocurrency market, which saw bitcoin rise to a peak of $19,783 on December 17th. Bitcoin has gone through multiple crashes before: in spring 2011, in November 2013, and in January 2017. However, this current bubble comes against a new backdrop: a global tide of regulation against the inchoate cryptocurrency industry. On one hand, these regulations may be scaring bitcoin investors into selling their coins now before the full impact of regulation makes itself felt. On the other, it may also be threatening suspect exchanges such as BitConnect, with its own token declining in value by 46 percent between December 17th and January 15th — the day before it announced its closure.. interesting times!
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metenjean
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January 23, 2018, 10:55:37 AM |
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So, as many of you are painfully aware, bitcoin crashed around 30% over a couple of days, reportedly due to regulatory pressures in Asia, and a potential ban in China due to energy wastage and tax evasion risks etc. Reports suggest that China contributes as much as 70% of the worldwide hashing power, and yet we only saw a 30% drop. Source: Report: PBoC Quashes Bitcoin Mining Ban Rumor in ChinaFurthermore, we saw 30%+ drops in other cryptos, even unminable, non-decentralized ones. So, conspiracy theorists, why do you think bitcoin really suffers these sporadic crashes, could it be large-scale market manipulation? Or is it simply FUD leading to a wide-spread panic selling? In my opinion its easy to say that when people are greedy and buying bitcoin which drive the price upwards, then it will be the best time for the whales to gaining profits. We've seen a huge increase of bitcoin in a few months and its just a normal investment advice that when people become greedy, then we should avoid it. And people start to feel insecure and FUD began entering the market pshycology, then its the time to entry and looking for cheap coins. Basically regulatory pressures are normal thing when people start to acknowledge something, some will try to take benefit of it or even try to control it. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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imoet
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homt.net
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January 23, 2018, 12:12:59 PM |
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So, as many of you are painfully aware, bitcoin crashed around 30% over a couple of days, reportedly due to regulatory pressures in Asia, and a potential ban in China due to energy wastage and tax evasion risks etc. Reports suggest that China contributes as much as 70% of the worldwide hashing power, and yet we only saw a 30% drop. Source: Report: PBoC Quashes Bitcoin Mining Ban Rumor in ChinaFurthermore, we saw 30%+ drops in other cryptos, even unminable, non-decentralized ones. So, conspiracy theorists, why do you think bitcoin really suffers these sporadic crashes, could it be large-scale market manipulation? Or is it simply FUD leading to a wide-spread panic selling? [/quote We can see bitcoin crash right now as normal thing. We can not predict the market situation. The market is not stable. Whether we expect that bitcoin always higher but in this crypto world anything is possible. We must be ready and never panic. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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dyewic
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January 23, 2018, 04:18:45 PM |
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The bitcoin price sometimes goes down quickly because too many people want to sell at the same time. They do that when they are driven by fear. In most cases that fear is triggered by news that indicate problems on the market of crypto currencies.
There is as well the theory of big players dumping coins in order to create a massive over supply on the market. Theat leads to a low bitcoin price as well, where the big players buy back, only cheaper. I am not sure if players with such large amount of coins still exist.
A pure pump and dump sceme like we know it from smaller coins, I think bitcoin is too big for that.
I strongly agree on your opinion that, the bitcoin price sometimes goes down quickly because too many people want to sell at the same time. They do that when they are driven by fear. And in most cases that fear is triggered by news that indicate problems on the market of crypto currencies. And adding also my opinion that, it usually crashes because the result of manipulation and market being tired of going up. People are starting to have second thoughts and are prone to selling. In addition, I think it's a mix of both of those things (market manipulation and fud). Although the cryptomarketcap looks huge to the common people, the truth is that those values are quite small, if we compare them to the marketcap of stocks, gold, or any other solid assets.
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weblouartisan
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Lets Go Adab
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January 23, 2018, 04:23:09 PM |
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I think the price reduction of bitcoin is a normal phenomenon, it is a very normal adjustment. A lot of people saw a lot of falls, and they said they broke, I don't think so, I think of it as a correction, so it's better to go up.
There are different scenarios on where bitcoins value is falling depending on the season. Sometimes there is a hype on the coin and the value is keep on increasing because the supply will also last, there is also an incident last year where ico's are banned in china but still cyrptocurrency manage to increase its value and reach 10k dollar before 2018 starts.
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