clairewarwick7866 (OP)
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March 09, 2018, 07:28:18 PM |
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Why is the bitcoin market crashing?
When will the cryptocurrency market bounce back?
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Washball
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First crypto index traded as a token!
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March 09, 2018, 07:36:01 PM |
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The crypto market is crashing, because it seems that governments (lobbied by banks) will regulate worldwide. Investors are afraid that cryptocurrencies will no longer be decentralized. All crypto transactions will be taxed and are no longer anonymous. This is why the price of most cryptocurrencies is dropping.
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Anti-Cen
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High fees = low BTC price
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March 09, 2018, 07:39:24 PM |
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Will it bounce back is a better question but my guess is the word got out about the crazy transactions costs
from the miners hitting $55 and people also know that the lightning network is little more than a system of
banker hubs and are not buying the Bob sends Alice some money story.
Sorry people, we have been taken over and they can blame China or Korea as much as they want but
these are the real reasons for the price.
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Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
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maaydin
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March 09, 2018, 08:02:17 PM |
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there are so many theories why the market crash and lost of them are very logical, whether the market will be back or not depends all in the G20 summit, if there would be positive news than it will skyrocket in my opinion and vice versa.
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darkangel11
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Don't let others control your BTC -> self custody
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March 09, 2018, 08:36:04 PM |
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The crypto market is crashing, because it seems that governments (lobbied by banks) will regulate worldwide. Investors are afraid that cryptocurrencies will no longer be decentralized. All crypto transactions will be taxed and are no longer anonymous. This is why the price of most cryptocurrencies is dropping.
I saw your comment in another thread and you're spreading FUD like crazy. Calm down and go read some news because your interpretation is extremely subjective. No worldwide regulation is happening! The news about regulations are nothing new and many of those are extremely positive like Germany accepting BTC and exempting it from taxation. Some crypto transactions are and will be anonymous. Others, like BTC, are anonymous as long as you are avoiding exchanges. You can't make anonymous coins lose anonymity, unless you make their users register somehow, just like you can't (still) trace TOR users. Really, you're not making any sense! |
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GoldnOil
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March 09, 2018, 08:42:36 PM |
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yeah... when BTC was trying to recover; one big whale has to come and crash it.... Secondly, if anyone here understand TA, then it was as per plan.... the price had hit the down trend line and from there the price went down. It will rest on 6.8K or 3.2K as per trend lines.... let see. But one thing is for sure that if you HODL then by the end of the year the prices will reach 50K. |
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hazznel
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March 09, 2018, 08:42:52 PM |
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Why is the bitcoin market crashing?
When will the cryptocurrency market bounce back?
It will go down until it will find support again. Usually it takes time, specially after a bull run such as the one from January. Don't expect the prices to go up anytime soon. We will have to wait a while. |
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real_links
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March 09, 2018, 08:47:35 PM |
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it is crashing because of fear and uncertainty. But it will bounce back
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squatz1
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Flying Hellfish is a Commie
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March 09, 2018, 08:52:55 PM |
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Cyclical market, we go up and then we go down and continue to follow this path. Some news stories do, of course, change the pace of the market but I wouldn't say that they're always the main reason behind everything. People like to think that one event caused something else, that's just something we like to have as people -- though it's not always possible when it comes to a market trading environment at all.
We'll continue to do what stock markets have done for generations, up and down folks.
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Chris314
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March 09, 2018, 08:56:16 PM |
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Crashing? Haven't seen bitcoin price crash lately... Pump and dump as usual with cryptocurrencies. Better get used to it because the price won't stabilise soon in my opinion.
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Anti-Cen
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High fees = low BTC price
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March 09, 2018, 09:09:25 PM |
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It's already getting back
Why has someone turn the USDT machine back on again to pump fake money back into Bitcoin again ? https://www.youtube.com/watch?v=MwKYbT9MoPEI have decided to peg the price of my nose picking too the $USD and the supply is limited but do note that we don't offer any refunds |
Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
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cryptohunterSL
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March 09, 2018, 09:13:01 PM |
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Is this the bitter end for Bitcoin? For cryptos? Well, no, probably not. Get your head screwed on right and you’ll see that (for better or worse) many coins have seen unprecedented growth in the last six months to a year, even with Bitcoin’s price halved from holiday highs closer to $20,000. On this day last year, Bitcoin was sitting pretty at $982. At the height of December’s craze, most reasonable crypto-watchers could agree that the price was overheated and there was only one way for it to go in the short term. Still, in the thick of the current correction, Bitcoin’s longer-term growth is anyone’s guess.
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Cryptoshops
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March 09, 2018, 09:14:10 PM |
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Bitcoin has failed at what it was meant for ( An alternative decentralized currency) because of the ridiculously high transaction fees which were supposed to be sorted out and still hasent.
It is now just another trading commodity which people use to make real money
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palle11
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March 09, 2018, 09:22:59 PM |
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The crypto market is crashing, because it seems that governments (lobbied by banks) will regulate worldwide. Investors are afraid that cryptocurrencies will no longer be decentralized. All crypto transactions will be taxed and are no longer anonymous. This is why the price of most cryptocurrencies is dropping.
So are they converting their bitcoin to fiat and running away or they are just leaving their bitcoin there in the wallet? What really could they be doing with the bitcoin they don't want to throw inside the market? |
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onnz423
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March 09, 2018, 09:31:42 PM |
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There's been some new word about regulations of cryptocurrency, possibly affecting the way its taxed. Do people really think cryptocurrency is never going to be taxed? Don't be stupid.
Also, the binance "apparent" hack and general FUD surrounding these two are dropping the price. It'll probably recover once the weak hands have left.
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StevenS
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March 09, 2018, 09:41:24 PM |
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Will it bounce back is a better question but my guess is the word got out about the crazy transactions costs
from the miners hitting $55 ...
The miners don't set the transaction costs. Transaction fees are set by the users (which include exchanges) who make the transactions, or by the wallet software on their behalf. |
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rehydrogenated
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March 09, 2018, 09:46:44 PM |
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I don't see any news about regulating cryptos. What they want to do is regulate "exchanges" because apparently the SEC has a monopoly on the word "exchange". I always knew this would happen because I like to collect (real) coins. If you call a coin shop a "coin exchange" the SEC will sue you...so you call it a coin shop. Eventually all the decentralized "exchanges" will change their names to something else, since that mostly stops the problem (along with limiting transactions to $5k per whatever time period). The centralized exchanges will likely choose to become SEC regulated or be bought by banks that will help handle that for them a la coinbase.
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HitbtcSCAM
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March 09, 2018, 09:51:27 PM |
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The crypto market is crashing, because it seems that governments (lobbied by banks) will regulate worldwide. Investors are afraid that cryptocurrencies will no longer be decentralized. All crypto transactions will be taxed and are no longer anonymous. This is why the price of most cryptocurrencies is dropping.
How are they going to charge each transaction a tax? the technology is not setup to report every transaction to some central source, why say lies? Why do you come here to tell lies honestly?bitcoin can not be centralized, if you want to go and use that lightning network then you may have some problems |
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13abyknight
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March 09, 2018, 09:59:39 PM |
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Why is the bitcoin market crashing?
When will the cryptocurrency market bounce back?
Current crashes are due to the unrelenting rumors that Binance, a famous cryptocurrency exchange was hacked, even though the exchange itself denounced it as fake news. It will take quite some time for the cryptocurrency market to rebound as everything seems to be in the red zone but Bitcoin can be expected to bounce back the fastest. |
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