Falling cryptoworld: Cryptolab's OPINION

[cryptolab111]

Yesterday, the total market capitalization collapsed for almost 14%. Now all everyone is concerned only with two questions: what happened and when will it end?

While the best minds of the cryptoworld still keep silence, Cryptolaboratory is trying to find answers. Let's start with the reasons. Ethereum and Bitcoin Cash could be the main catalysts.

Ethereum is being failed numerous ICOs who have chosen this blockchain for their start. ICOs sell Ethereum collected during the crowdsale, thereby causing the price of ETH is rolling slowly below $200. It has already led to the fact that this cryptocurrency gave the XRP second place in the CoinMarketCap capitalization rating. We think it is not the end.

Bitcoin Cash today is waiting for a hard fork, around which a lot of noise is raised. Most likely, ordinary investors throw off this currency, do not want to risk. Just imagine, two parts of cryptocommunity are trying to divide the fourth in the world (in terms of capitalization) cryptocurrency into two, and this is not a delight for any of the parties. It is not surprising that the sale has begun.

One can also note the long wait for positive decisions from SEC on Bitcoin-ETF, the absence of large investors in the market and other artificial delay of the cryptocurrency revolution. As for Bitcoin (BTC) directly, now BTC/USDT pair took about 60% of all Bitcoin trade. This means that investors are transferring their funds to the stablecoins to avoid additional losses.

Now, regarding the question of when the decrease will stop. We are afraid that we will disappoint, but nobody can not say that reliably. Looking at Bitcoin weekly chart, we can only assume that if it continues to fall, it will meet the nearest resistance near $ 5,000. We hope that it will unfold earlier.

Cryptolaboratory Opinion. We don't claim the truth, but the truth is close.

[1715091401]

1715091401

[Kemarit]

There has been a lot of thread today because of the sudden and unexpected turns in the crypto scene today. Imagine billions wipe out in a massive sell-off. And we're getting the a clear picture - and most probably it was due to the Bitcoin Cash fork, hashing war amongst themselves. The sad part is that it trickle down to most coins including Bitcoin who have been enjoying a good and stable price for the past couple of months. Those personalities from the Bitcoin Cash/ Bitcoin Cash Satoshi Vision (BSV) doesn't really give a damn as to the damage they have done. As long as they go on with their narratives and to make money, they will continue to do so. Pathetic.

[Pursuer]

all of it is true but at the end of the day they are all minor reasons when compared to the real reason behind the recent drop which was simply manipulation and panic sells. and it is all about bitcoin cash and the fact that their forkers have tried so hard to associate it with bitcoin for some reason and try convincing people that they are going to sell a lot of bitcoins on the market (1 million to be exact) but as you can see nothing of sorts has happened because it was all lies and the only result that it could have was a fear that caused a small drop below the support line.

[davis196]

all of it is true but at the end of the day they are all minor reasons when compared to the real reason behind the recent drop which was simply manipulation and panic sells. and it is all about bitcoin cash and the fact that their forkers have tried so hard to associate it with bitcoin for some reason and try convincing people that they are going to sell a lot of bitcoins on the market (1 million to be exact) but as you can see nothing of sorts has happened because it was all lies and the only result that it could have was a fear that caused a small drop below the support line.

We have to sue people like Roger Ver and Craig Wright for using the term "Bitcoin".They are constantly trying to push the real Bitcoin down,by misleading thousands of people and spreading lies and fake news.The majority of the bitcoin world supports Bitcoin Core and they have to accept that their battle is lost.
It would be great,if all BCH supporters,including Ver and CSW,,dump their BTC.We don't need people like them to be crypto whales.

[charlotte04]

Yesterday, the total market capitalization collapsed for almost 14%. Now all everyone is concerned only with two questions: what happened and when will it end?

While the best minds of the cryptoworld still keep silence, Cryptolaboratory is trying to find answers. Let's start with the reasons. Ethereum and Bitcoin Cash could be the main catalysts.

Ethereum is being failed numerous ICOs who have chosen this blockchain for their start. ICOs sell Ethereum collected during the crowdsale, thereby causing the price of ETH is rolling slowly below $200. It has already led to the fact that this cryptocurrency gave the XRP second place in the CoinMarketCap capitalization rating. We think it is not the end.

Bitcoin Cash today is waiting for a hard fork, around which a lot of noise is raised. Most likely, ordinary investors throw off this currency, do not want to risk. Just imagine, two parts of cryptocommunity are trying to divide the fourth in the world (in terms of capitalization) cryptocurrency into two, and this is not a delight for any of the parties. It is not surprising that the sale has begun.

One can also note the long wait for positive decisions from SEC on Bitcoin-ETF, the absence of large investors in the market and other artificial delay of the cryptocurrency revolution. As for Bitcoin (BTC) directly, now BTC/USDT pair took about 60% of all Bitcoin trade. This means that investors are transferring their funds to the stablecoins to avoid additional losses.

Now, regarding the question of when the decrease will stop. We are afraid that we will disappoint, but nobody can not say that reliably. Looking at Bitcoin weekly chart, we can only assume that if it continues to fall, it will meet the nearest resistance near $ 5,000. We hope that it will unfold earlier.

Cryptolaboratory Opinion. We don't claim the truth, but the truth is close.

It is not the end for crypto. The price of Bitcoin is still too expensive to be called a failure. I just know that it will come back in time.

[1Referee]

We have to sue people like Roger Ver and Craig Wright for using the term "Bitcoin".They are constantly trying to push the real Bitcoin down,by misleading thousands of people and spreading lies and fake news.

It's close to impossible to sue them for trash talking Bitcoin, because if that would be possible, a whole lot of Bitcoiners could just as easily be sued for trash talking altcoins.

Ver can be sued for how he mislead people thinking they were buying Bitcoin through his bitcoin dot com platform, while in reality they were buying BCash. The only thing here is that you have to prove it was him deliberately scamming people, because he'll do everything he can to make it seem like it was a front end error on their side.

It would be great,if all BCH supporters,including Ver and CSW,,dump their BTC.We don't need people like them to be crypto whales.

As much as I would love to see it happen, they won't be doing anything like that. BTC is needed to pump their own coin prices, and BTC is needed in their portfolio in case their own silly coins eventually fail. Roger "truly" believes BCash will surpass Bitcoin, but refrains from selling his holdings. Tells you enough.  

[fasdorcas]

There is not much opinion to be held about it since the trouble is too obvious in front of our eyes. There is a fight going on, bitcoin cash is the subject of the fight and the fork is the reason behind all this trouble.

Let's hope that it won't continue for a long time and kill all of our profits with trading. People who had any sort of crypto this week is in big damage after what happened and there are people who said "this is enough" and even got out of the crypto game in total.

We are talking about people leaving trading for good because of two childish people fighting each other over whose money will be the biggest fork. It makes no sense at all, they both can actually survive and live, they are both good enough to exist together and even if they are not good they are at least backed enough to survive. However, if they fight, we are screwed.