What started this bear trend?

[bitcoinisbest]

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

Their could be various factors attached to the downfall as it may be some profit booking happening by some of the big investors, some fud news spread across due to which the panic selling would have started taking place. The recovery should soon begin now.

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[ivrynx]

I think it started last year, when bitcoin had reached an all time high, since there were a lot of FOMOs then, the network started tk congest and transactions was slow and very expensive, since the value of bitcoin then was so high, alot of old investors or early adapters, had cashed out their bitcoin since that is the goal, to make your life easy, to make your money work for you, then afterbthe sell off, the FUDs came out, exchnages being hacked and the release of bitcoin by Mt. Gox, that contributed down fall, I don't see the market going back to its prime any time soon, until all the issues from the exchanges had been resolved.

[drachman]

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

The price has suffered from the beginning of the year and it is clear why this was the case, there was simply too much money in the market and as soon as the price went down because some people were taking their profits people began to panic sell, this created a cycle that fed itself and after a while it was impossible to stop the crash, to me it is not really complicated to understand.

[rickadone]

The price has suffered from the beginning of the year and it is clear why this was the case, there was simply too much money in the market and as soon as the price went down because some people were taking their profits people began to panic sell

Where is the too much money ? What you mean by much money in the market ? You mean the bumped prices were tended to fall down ? If that is the case, the bear market has started or fixed from the beginning of its rising itself. I guess we cannot say just one reason for entire fall of the market. People pumped the market and now dumping. This must be the real cycle

after a while it was impossible to stop the crash, to me it is not really complicated to understand.

After a big bubble, a crash must be inevitable. Bitcoin's actual worth by end of last year must be $10k only it seemed but traders bumped up to ~$20k then obviously it has to fall below its actual worth too.

[green547]

We shouldn't be surprised at this current downtreend. THIS IS NOTHING NEW.  Go back at past charts we have survived worse dips then this but bitcoin always comes back stronger.  We survivied the Mt GOX hack crash, we survivied #30 down to $2. You can't kill bitcoin.  At this point there is so much money invested in mining infrastructure.

I feel bad for the panic sellers that are getting out right now.  They are being played and manipulated by the whales that are just looking to accumulate more.  This upcoming bullrun these panic sellers will be crying.

[LogitechMouse]

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

There are many speculations that this is happening and I agree with them. I think there are some rich people who are preventing from the price of bitcoin to rise again. They are manipulating the price of bitcoin. Although there are no real evidences with this, many believe that the price of bitcoin has been manipulated by the whales.

FUDS FUDS FUDS!!! These 4-lettered acronym made this bear trend. Sudden hacking on the exchanges, government regulations etc. I can't take it anymore 

[Rainbow009]

I don't know if a particular factor could be identified as the reason for the bearish trend.
I think it's just the nature of cryptocurrency, huge pumps can't be sustained forever. And as more people cash out, it could spark a dumping spree, also price manipulation, political regulations can play a role.

[Huawei8877]

According to the law of the universe - that rapidly growing has the property of rapidly falling, respectively bitcoin and the whole market grew quickly and also quickly fell to the bottom

[jorgballesteros]

I do not know what these bear market trends are, obviously if I am always polishing up the basics of research and projects. even in the bear market, blockchain and smart contract projects will continue to revolutionize the technology. Interaction with automation, machine learning and artificial intelligence will enable businesses to bring more value with fewer resources. This is the direction the market is moving towards.

Amen, market will recover sooner or later and blockchain will be the technology that will support it!

[UniQue7]

Hopefully, that is not the case as bitcoin really is good in use currency to the point that it has a nice market value, but who really knows honestly, take rumors with a grain of salt.