Is there an only reason for the current market?

[Don Pedro Dinero]

I’ve been thinking about it and I don’t find an only reason for what’s happening.

The main reason for the drop in December, 2013, and the following bear market was the Mt. Gox scandal but for the current one there seem to be different reasons.

I’m sure one of them was the too heavy bull market last year. This brought many people to the crypto market, attracted by a get-rich-quick thought, and when the market turned down, they were the first to sell.

What do you think? Is there just one or many? Which ones?

[Pursuer]

there are two parts to this drop. the first part is obviously the correction of the bubble ($20k) and the bear market that followed but the next part of it is purely manipulation that caused the drop to become a lot bigger than it should have become and it has been strong until today even though the drop slowed down to a halt. in other words in my opinion manipulation is the main reason for the current price.

but also I think many of the investors these days think 2013-2014 was the only time bitcoin had a bubble and a bear market so they are speculating about current market purely based on that one time. the reality is that there has been a couple of other times before that which they are missing and the similarity between today and those times are a lot more than the similarity with 2013-2014.

[Slow death]

What do you think? Is there just one or many? Which ones?

The regulations that many governments around the world are implementing, the "persecutions" that many banks are doing against bitcoin, The social networks have taken tough stances against bitcoin because according to them they still lack clear regulation, the visa and mastercard are also other companies that have taken a tough stance against bitcoin because according to them still lack clear regulation, See that to countries like Japan and South Korea have adopted tough stances on the exchange. so these factors are reducing the demand for bitcoin and consequently the price is falling every day.

[Lampaster]

What do you think? Is there just one or many? Which ones?

The regulations that many governments around the world are implementing, the "persecutions" that many banks are doing against bitcoin, The social networks have taken tough stances against bitcoin because according to them they still lack clear regulation, the visa and mastercard are also other companies that have taken a tough stance against bitcoin because according to them still lack clear regulation, See that to countries like Japan and South Korea have adopted tough stances on the exchange. so these factors are reducing the demand for bitcoin and consequently the price is falling every day.

I agree with your every word. I would only add that it is impossible in this situation to blame only the banks and the government. Largely to blame themselves users. I have heard many positive reviews about the legalization of cryptocurrency. Cryptocurrencies attract a lot of random people and speculators. This is the main problem.

[sindikat]

Capitalization of the cryptocurrency market is largely composed of speculative capital. Such capital is never stable. It seems to me that some of the speculators took their profits and left the market. For this reason, the price has decreased. But I think that in the future we will see many more such UPS and downs. A very attractive cryptocurrency market for speculation.

[Lucius]

The biggest reason for the current situation is in correction which is followed after big pump to 20k $. It is just few months past after that and crypto market will need some time to recover and to people start think in positive way again. I think big players who dump at the top buying again, but very carefully to not increase price too much, this is certainly not in their interest right now. For now they are succeed in control of price, but I do not doubt that at one point BTC may explode again.
 
I do not want to compare Mt.Gox and last ATH, hack was something that was out of control and happened suddenly, and events that couse today's market were completely different, some may say planned in advance for one reason and that is profit.

[nc50lc]

Let's say, the 4th Quarter of 2017 bear market didn't take place, the reason would be the Regulations that the governments established to control exchanges and ICOs.
But the Governments established the regulation because of the "insane" response from the masses to the "new investment" which was the current hype at that time.
Manipulation? That thing happens all the time and like the others, it's just a small portion of the whole history.

So the most accurate answer to the OP is:
There is no definite reason to the current market, all things that happened had its own share to the current market.

TL;DR: No single (only) reason, same history guys.

[Palmerson]

Cryptocurrencies are a very complex mathematical system in order to have one reason that can affect the entire system. This is a much more complex mechanism. All causes are interrelated and therefore the network is not affected by each factor individually but by a chain of different factors and their sequence.

[alyssa85]

Part of the reason for the surge last year was all the hard-forks. People were buying bitcoin to get their "free money". And once they got their coins, they started selling in December/January and cashed out for a nice profit.

Also -the ICO crazy last year propped up bitcioin, because in order to buy into an ICO you needed to buy either bitcoin or ether first with fiat. The drop in ICOs means a drop in buying pressure for bitcoin and ether.

[Fuhre]

I think the reason is still the same as whatever happened. the reason for this decline is due to an announcement made by the securities and exchange commission, in which all initial coin offers (ICOs) on their respective platforms must register with the agency, or simply cancel the list. This is in line with the harsh attitude of the commission that was adopted against ICO, because of the large number of fraud cases, due to the lack of regulation on this issue. I think that movement has triggered a sharp decline in the value of bitcoin and altcoin followed by almost all of the top 100 crypto in coinmarketcap.

[1Referee]

It doesn't even matter anymore why the price has gone down. The only thing that matters is what you are doing to improve your position in this market.

Ok, the price went down after your purchase at way higher levels...... Buy at current levels to get that price to come down. Do something to improve, be productive. As soon as the price starts going up again, you'll realize that the coins you bought at current levels will help you to virtually break-even faster.

Waiting for the price to go back up to the levels you bought at is pointless and a waste of time.

[Denker]

I’ve been thinking about it and I don’t find an only reason for what’s happening.

The main reason for the drop in December, 2013, and the following bear market was the Mt. Gox scandal but for the current one there seem to be different reasons.

I’m sure one of them was the too heavy bull market last year. This brought many people to the crypto market, attracted by a get-rich-quick thought, and when the market turned down, they were the first to sell.

What do you think? Is there just one or many? Which ones?

In 2013, 2014 I would agree with you. Mt. Gox as the main exchange, where more than 70% of the trading volume took place was the main reason, probably the only reason for what has happened. Several hacks, pushing price artificially up via Willy Bot and so on.
But now things are much more complex and different imo as the space is way bigger and much more diversed.
However there are still lots shady persons around who try to manipulate and fool as people as possible. But also in december it was definitely the parabolic price rise what was causing the crash afterwards. We saw a more than 230% price increase in ~30 days!!!
That was just way too much.

[airdagon]

no reason whatsoever. the current down market is already like an annual tradition. but, I think in August, the price will rise again to the next level. as far as i know, its falling current market due to whales.

[BitHodler]

Supply and demand resetting itself back to normal market circumstances. We still have managed to secure a great deal of adoption in 2017 to where we are right now. The price might have gone down, but more adoption is still here.

I don't see anything unfair about current market. I would even say that higher levels are not justified and don't mirror what we have gone through. Maybe in 2019 we will get back to these levels, but definitely not now.

I find it somewhat amusing how the mainstream media constantly tries to link increases and decreases with certain events, while we don't need anything to increase or decrease. It's an open market not depending on reports.

[Dreamchaser21]

It doesn't even matter anymore why the price has gone down. The only thing that matters is what you are doing to improve your position in this market.

Ok, the price went down after your purchase at way higher levels...... Buy at current levels to get that price to come down. Do something to improve, be productive. As soon as the price starts going up again, you'll realize that the coins you bought at current levels will help you to virtually break-even faster.

Waiting for the price to go back up to the levels you bought at is pointless and a waste of time.

Our decision is very important, a lot of speculation and throwback is happening during the dump market and I agree that we must do something good about our portfolios for our own sake. Expect this market to stand up high again, so take this chance now instead of waiting for another dump.

[tomahawk9]

IMO there isn't a specific reason but rather a combination of several factors. For instance, the massive dumps (which seem to happen at random) that we've seen over the past few weeks + the overall bearish sentiment which keeps growing every day are two key factors that are definitely behind current state of the market.

There's also the lack of buying pressure, lack of fresh capital in the cryptosphere from investors, slow movements in the market after the correction from the last ATH, low volume, etc...Overall, I'm 100% there isn't just one reason that can explain what's going on in the cryptocurrency market right now.

[rickadone]

What do you think? Is there just one or many? Which ones?

The regulations that many governments around the world are implementing, the "persecutions" that many banks are doing against bitcoin, The social networks have taken tough stances against bitcoin because according to them they still lack clear regulation, the visa and mastercard are also other companies that have taken a tough stance against bitcoin because according to them still lack clear regulation, See that to countries like Japan and South Korea have adopted tough stances on the exchange. so these factors are reducing the demand for bitcoin and consequently the price is falling every day.

I really want to believe that the regulation is really not helping and until we started seeing some lenient regulations in most of the place before we may start seeing some possibilities of FUD being reduced in a way. Apart from that, we had a huge rally last year and we all knew that was just a FOMO rise and not some pretty real demand. To me, this is the aftermath of it which is something to expect anyway in cases like this. The value I believe may still even fall more than this but the long term anyway is still great.

[Kingofbitcoin12345]

Time and time again every bitcoin users look for a reason to justify if ever they are on panic mode and will blame to it when they can’t handle the pressure then sold at low price.. That’s why I don’t ask for reasons it can only make myself vulnerable by emotional conflict within my system..

We can come up for any reason either government regulation or bad propaganda by our financial institutions,, but it doesn’t make as a better trader knowing this or talking about it every time.. Cryptocurrency is a demand and supply market, so increases and decreases at anytime is normal..

[adzino]

I’ve been thinking about it and I don’t find an only reason for what’s happening.

The main reason for the drop in December, 2013, and the following bear market was the Mt. Gox scandal but for the current one there seem to be different reasons.

I’m sure one of them was the too heavy bull market last year. This brought many people to the crypto market, attracted by a get-rich-quick thought, and when the market turned down, they were the first to sell.

What do you think? Is there just one or many? Which ones?

Its only when the market is red people starts asking "why all of a sudden this is happening", but not when the market is going green abnormally. I wonder why 
Anyways, last year the price started to skyrocket without any reason. This needed a correction and we went through the correction phase resulting in current price. If you compare the price with last year (quarter 1), you will see that we are still on the green side. The price went up and people had to cash out their profit resulting in further more price dropping. This is temporary and we will soon be seeing the price go back up again once a balance is reached.

[vit05]

 There is more negative news them positive ones. More regulation, hackers, stupidity decisions, fight, scams, bad companies. We need to start to have more great news. A lot of people are just scared about the market. A lot of newbies have lost a lot of money and people just say they will recover because that has happened in the past. But that is not enough. People need more incentives that make them secure enough to change from fiat to cryptocurrencies.