why the market crashed ?!

[partizan30]

one month ago i said bitcoin will crash to 5K renge

but i say now the cryptos remain in the market

why the market came down ?

2 points as below :

1- There is a big war between  fiat currencies owners and cryptos owners

china government & Facebook , Banks  and many other countries ban the bitcoin ... they are strong fiat currency owners
for example Facebook wealth near 300B usd$ now so what happen for face book if bitcoin and other cryptos  fire the USD $ from market ?
for china too ?  also cryptos means democracy ...
if bitcoin and other cryptos win the market front of Fiats  so the second step of black-chain will began  that is black-chain government bcs no one can control this network else of all people .  
so the dictator governments can not bear this technology !

I think black-chain technology is future ,future of money and government !
so there is a big war between / face book + china government + Banks + other heavy fiat owners / &  BITCOIN as black-chain money  ,
 bcs they afraid about their property to decrease and their government

 i think as every times technology will win & cryptos will  remain in the market.

2- Also there is another war  for  cryptos :

there is many alt coins in the market now ( near 1500 currency ) and they almost do the same thing
it is the second reason cause the market go down  

so i think in future the market lead to cheap  coins and it will stable ... cryptos trade will be the same as Forex in near future


another thing : cryptos and black-chain is a new technology for people of the world yet
I think only 5 % of people now what is bitcoin and cryptos yet  

so there is a large potential for rise of total market for future  .

I hope the real cryptos market begin soon  ...
I have a request from IT & software workers : please stop creat new coin !  
just please establish real market & shops for cryptos until people began to use and touch these new currencies really in their life .  

Please do not think to earn high money for your new coin , the golden period of 100X and 1000X profit finished ,
now we are in the cryptos usage period ,
 just think to help  salvation for society from dictators and Bankers and Bad big Billionaires via develop real shops for cryptos  .  

Arash salari.
 

[1715159392]

1715159392

[gotminer]

Simple ... It crashed because people pulled money out of it.

[Alanpigi80]

I think it's a price correction, it really went up a lot in a short time and so it's normal for me to be 50% off. in the past the fall has been even higher than those of these days

[AlexW333]

usually correction

Calm dawn and don t sell

[partizan30]

The golden period of 100X and 1000X profit finished , bcs there is many altcoins as rivals .
now we are in the cryptos usage period ,

the cryptos trade will be the same as Forex at near future .

[gotminer]

The golden period of 100X and 1000X profit finished , bcs there is many altcoins as rivals .
now we are in the cryptos usage period ,

the cryptos trade will be the same as Forex at near future .

I don't think it will be as boring as Forex in the near future.

[Valentina N]

Hello partizan30
There is a lot of reasons! I can underline some of them
1. Asian market problems
2. Really people think they have the money value in crypo but they want to smell the cash. Cash out processes ...)
3. A lot of fake ICOs - no any trust - bad PR work
4. A lot of people stil have no any idea what is this
5. This is puppet market some people want our panic to make some money)
You can trust me))) There is a lot of puzzles (little parts - not one reason)  that makes all the picture...

[Sven7]

I think the crash is because of the following:
- FUD
- Governments discussing to ban bitcoin
- Jan/feb are boring months and bad for the market
- More and more rules and authorities on btc and altcoins.

[squatz1]

Simple ... It crashed because people pulled money out of it.

Heh, well yeah this is true.

But in seriousness, the market crashed cause of an overall sentiment from the news media that the market was overvalued, and facing opposition from some governments (this is, of course, fake news and shouldn't be treated as if it's real)

So a ton of fud, and people getting scared is one of the theories which I have.

Another is going to be that the market had too much of a runup too quick and a correction HAD to happen in order to let the market cool off again, as we went to 20k real quick which is INSANE. So yeah, had to be fixed at some point.

[Rulelies]

I don't really know why it crashed but I believe all the hate speech of skeptics and government agencies in difference counties contributed to it. Different countries imposing one ban or another. China, South Korea etc all these caused panic among cryptocurrency owners and most people want to play safe so they sell so they don't run at a loss.

[gotminer]

Simple ... It crashed because people pulled money out of it.

Heh, well yeah this is true.

But in seriousness, the market crashed cause of an overall sentiment from the news media that the market was overvalued, and facing opposition from some governments (this is, of course, fake news and shouldn't be treated as if it's real)

So a ton of fud, and people getting scared is one of the theories which I have.

Another is going to be that the market had too much of a runup too quick and a correction HAD to happen in order to let the market cool off again, as we went to 20k real quick which is INSANE. So yeah, had to be fixed at some point.

While I totally agree with that, it was too much for me to type to another person starting a thread that reads like one of the following ...

when is a good time to get into bitcoin?

is now good time?

should i invest in crypto?

i want to mine btc with my gpu, where do i start?

how do i mine crypto?

when do i get lambo?

what coin should i mine?

where is the guide?

should i buy now?

how many hours until it does X2?

is this a good time to start mining?

fuck, crash, it's all crashing, i cash out and lose 25%, yes?

oh wait, i need X3, is this good time?

should i buy now?

oh no, btc is shit, should i buy eth?

no way, should i buy ltc?

oh no, should i invest in xrp?  Oh fuck ... Lol.




Shhhhhhh Shhhhhh Shhhhhh Shut the fuck up people who have no idea what they are talking about   That is my opinion.

[partizan30]

There is many ico in the market now

The big problem is This !

in the first of 2017 year there was only 100-200 cryptos
but now they are 1500 coins and they almost do one thing

I think this is the big problem :Supply increase

I think all currencies go down until stability may be for bitcoin below than 1k $

[maxamus]

There is many ico in the market now

The big problem is This !

in the first of 2017 year there was only 100-200 cryptos
but now they are 1500 coins and they almost do one thing

I think this is the big problem :Supply increase

I think all currencies go down until stability may be for bitcoin below than 1k $

I don't think increasing number of ICO or crypto as a problem i feel those people who invest in those ICO's without doing a research are the problem because they shift their fund to ICO from bitcoin and thus creating less demand for bitcoin but there are some really good ICO like my signature ICO PolicyPal Network which worth the investment.

[Oceat]

There is many ico in the market now

The big problem is This !

in the first of 2017 year there was only 100-200 cryptos
but now they are 1500 coins and they almost do one thing

I think this is the big problem :Supply increase

I think all currencies go down until stability may be for bitcoin below than 1k $

I don't think increasing number of ICO or crypto as a problem i feel those people who invest in those ICO's without doing a research are the problem because they shift their fund to ICO from bitcoin and thus creating less demand for bitcoin but there are some really good ICO like my signature ICO PolicyPal Network which worth the investment.

Releasing a new ICO or having more cryptocurrency doesn't affect the price of the market, it only reacts to forks and every transactions in the market. Crashing or dip in Bitcoin is normal we've been there before so no need to worry this is how the fluctuation and price correction works. It is better if you buy more before it rises up again you will never gonna find a cheaper price like this after.

[syberwolfen]

I don't really know why it crashed but I believe all the hate speech of skeptics and government agencies in difference counties contributed to it. Different countries imposing one ban or another. China, South Korea etc all these caused panic among cryptocurrency owners and most people want to play safe so they sell so they don't run at a loss.

That's the sole reason for the sudden drop in the value of bitcoin and coincidentally these news are coming out at this point of the year when bitcoin's value normally drop but not to this extend and these hate speeches had more impact because of the current market situation.