What started this bear trend?

[DumbLefty]

Hello most likely it was at the very beginning of the market. Now some coins have a huge capitalization and the rich will not just manage the price

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[samelvis]

I think its all a game plan of the market makers they want to buy the dip and sell the hype.  So i guess its normal trend of cryptocurency

[Cosbycoin]

Bitcoin bear market is due to the market cycle after serious of pump market consolidating for previous high and this is the nature of market there will be sudden high in prices and sudden low

News, market movement and all sort, will only affect those who allow the movement to affect them. Nevertheless, it is strange to see people investing for the sole reason of making quick profit when bitcoin is not a get rich quick scheme or the whole crypto environment but it is meant to be a way to invest in the future.

Nevertheless, I guess this is one of the things; we will have to keep seeing. Bear trend is normal and anything could have caused it but in general, we cannot expect a market to keep moving up without some corrections.

As far as I know about the crypto currencies, there is one thing which I am sure about and that is the ones who are patient are the ones who will be the richest persons because of the crypto currencies in this world and the ones who will remain hasty will never be able to make anything good and that they will lose their money most of the time. you need to make some proper strategy so that you can do the things in the right way.

[Cryptoratty]

A cryptocurrency exchange hack in South Korea has fueled a $46 billion rout and extended this year's Bitcoin slump to mor than 50% bloom.bg/2LGQqyh

[peter0425]

A cryptocurrency exchange hack in South Korea has fueled a $46 billion rout and extended this year's Bitcoin slump to mor than 50% bloom.bg/2LGQqyh

I heard that there's a South Korean hacked, however, most of the people are saying that its not as big as other trading exchanges in South Korea that's why I was quite surprise if this is really the cause because the impact is huge. I will understand if its one of the well known exchanges, but its unknown. So I speculate that it has something to do with manipulation, someone just used this hacked as a catalyst to really crash the market and cause panic again so that they can purchase bitcoin at a cheap price and make this wallet fat again.

[mundang]

Mostly because of exchange hacking, and the rest is just fud. And this bear trend is so strong like it doenst want bitcoin to recover or maybe we dont know its just another trap by the bulls.

[Darklinkz]

Mostly because of exchange hacking, and the rest is just fud. And this bear trend is so strong like it doenst want bitcoin to recover or maybe we dont know its just another trap by the bulls.

Or maybe there are just no new investors coming in and traders are just making short term trades now than making doing the HODL. We need more big players to turn this around the marketcap will just continue to dwindle.

[BitcoinCommodor]

Bitcoin bear market is due to the market cycle after serious of pump market consolidating for previous high and this is the nature of market there will be sudden high in prices and sudden low

News, market movement and all sort, will only affect those who allow the movement to affect them. Nevertheless, it is strange to see people investing for the sole reason of making quick profit when bitcoin is not a get rich quick scheme or the whole crypto environment but it is meant to be a way to invest in the future.

Nevertheless, I guess this is one of the things; we will have to keep seeing. Bear trend is normal and anything could have caused it but in general, we cannot expect a market to keep moving up without some corrections.

As far as I know about the crypto currencies, there is one thing which I am sure about and that is the ones who are patient are the ones who will be the richest persons because of the crypto currencies in this world and the ones who will remain hasty will never be able to make anything good and that they will lose their money most of the time. you need to make some proper strategy so that you can do the things in the right way.

If we look at the past, then we will get to know that similar things like that of the downfall in the market value of the crypto coins had happened in the past too but after that dump, the market values rise much higher and that I am very much sure that similar thing will happen this time too and that we will then be able to see much higher market rates which will help the investors in making more money.

[Tory-Tory]

The beginning of the bears market was caused by overheating and overbought in the cryptocurrency market. Of course there is manipulation in the market, otherwise it would be calmer and less volatile.

[el kaka22]

Bitcoin bear market is due to the market cycle after serious of pump market consolidating for previous high and this is the nature of market there will be sudden high in prices and sudden low

Yes, any market movement that was not warranted for most especially when it is an upward movement that was fueled by greed and the fear of missing out, it is normal to see people panic easily when the trend starts changing. The market is generally volatile and it is something I expect people to have gotten used to by now and really nothing anyone can do about it than to either trade the trends or hold until they are making huge profit in the long run.

Always traders' sentiment alone plays the vital role in deciding the trend. After prices got doubled within a 25 days in last November month, everyone was expecting a reversal which might be the first trigger for this bear trend. When we are having the bear trend for more than 6 months, I guess traders will change that sentiment into bull trend. This may happen in coming day.

[robocop3]

i think just because  last year the price of btc up too many and its nature many invest sell out btc to get big profits to package!
this is the markets! up and down and then up and down!

[MrAntonius]

Bitcoin bear trend started with SEC ruling on cryptocurrencies and future of ico market  so this bear market is continuing till now

Your point of view seems ridiculous to me. Although sec and controls the ICO, but it does not control the price of bitcoin. I will add, the main interest and demand for bitcoin has always been in the Asian market, but not as in the Us. As the sec has no influence on Asia.

[minthit]

There are so many assumptions for this trend.
1. An exchange got hacked. I think it's Bitrail. But, there's a strong counter argument that the trading volume in the exchange is so small compared to the overall market that it should not have such effect.
2. Researchers claim that bitcoin price was strongly manipulated using tether during December. I think it's during December 2017 or January 2018, when there were so many rumors about tether, someone made such claim too. It's not a new FUD. In my opinion, market had already overcome it.
3. Uncertainties regarding SEC decision. For now, BTC and ETH are not assumed securities. So, that doubt is also over for now.
So, these news are currently hot and I don't think these are even news. They are just noises.

[Marcel666]

I think it was caused by some negative publicity which caused panic in the market.

[futile-resistance]

I saw a Crypto expert has said that Rothschild family and other main capitalists do it.

Anyone will obviously say anything as long as it proves their theory right but in reality, no one actually knows what could be causing the bear trend. However, it was inevitable with the movement we ended up having around last year and I believe with the way things are going, we are not even through with this trend at all but one thing for sure is that the market has some little bit of manipulation somehow to it.

[kakonhat]

Some can say, it's happening for SEC. I agree with them but it's not for a long time. We saw previous stress on the Bitcoin but after few days or weeks, it's gone like nothing. However, we are waiting for any final result from SEC. After it will go normally like previous time did.

[jvdp]

Some can say, it's happening for SEC. I agree with them but it's not for a long time. We saw previous stress on the Bitcoin but after few days or weeks, it's gone like nothing. However, we are waiting for any final result from SEC. After it will go normally like previous time did.

That stress is still going in the market bro. If you want to invest on the bitcoin you may go ahead today and invest your fund on it bro. Then you will be able to make the more money with the investment you do with the bitcoin or altcoins by investing it on current market situations bro.

I am not sure about why the market really going cheap in the price chart bro. If the value goes big I love to invest more now bro. Even everyone.

[ricardobs]

It's always a challenge to invest or trade in cryptos. Price movement is not only influenced by the state of information but someone who has a large capital we called as a whales is the next challenge that must be accepted by every user cryptos. They have a large capital so that if the brand goes to market then market price will increase, and will many people will buy and when they (whales) out of the market market will decrease again.

Well, it is not a challenge if you actually know what you are doing and know how you can play safe. As much as you can make a lot of money from it, that also brings about the risk involved as well. Nevertheless, we have to understand that this is a decentralized market with no control and that simply makes it volatile in nature and for one thing, it is always important to be careful either when investing or when trading.

[drachman]

Hello, I have been hearing many rumors going around saying the rich are manipulating the market? does this statement uphold its value?

Are the whales manipulating the price of bitcoin? Probably, does this means everything is their fault? Not really, the price of bitcoin grew too much too fast, I do not know why this is so difficult to understand it was that simple, when you have a distortion in the market, the market tends to suffer an overcorrection and that is what we are seeing right now.

[lavishlifing]

This is just my observation, but I think the bear trend started when some exchanges got hacked, specially the Mar-Jun season