Why is Bitcoin Crashing?

[1Referee]

Everyone seems to be banking on the ETF decision and I'm pretty sure, disappointments would largely follow if the SEC decides to not approve the CBOE ETF.

Get rich quick noobs will be disappointed but people not wanting to see institutions get more exposure will celebrate a rejection.

It's almost surreal if you think about how fast we have grown. In the next couple of years Bitcoin will likely become so large, that what we were dreaming of back in 2013 has all turned into reality. It's fantastic to see this happen, but it also makes you realize that we won't be able to witness something similar ever again. Crypto in its entirety was the only option for average joes to actually become part of the wealthy elite, but one that the majority discarded.  

Don't sell your coins people, just don't. If the price goes down use that as an opportunity to buy up some more.

[SIDDHI777]

Price of the Bitcoin did drop during this year but it doesn't mean that it is crashing because price fluctuations are common for any trading asset and it can happen with or without a fault with the asset in Bitcoin this was actually happened because the pressure it got from the outside world and Investors were uncertain but even those situations Bitcoin surviving skills are impressive

[melfwaz]

Bitcoin is not Crashing and it will never crash at least it won't happen in this decade but it is growing faster around the world due to it's better qualities and capabilities that can help it's user's to do more than fiat currencies so even it seems like crashing it is a temporary situation and It will never happen. 

Yes bitcoin is not going to crash but is now becoming more stronger and powerful. The increasing bitcoin users are giving good support to bitcoin and therefore bitcoin is now more stronger than its previous time.

[btc_angela]

The Bitcoin price as of now is dancing because of the ETF news. US SEC will announce it’s Bitcoin ETF decision on 10 August 2018. It is being said that, it might happen that SEC approves CBOE ETF on 10 August and if it happens, we can see a parabolic bull run in Bitcoin price. Until then, it may hover between $7600 to $9000. What do you think? Where is Bitcoin heading and what about the Altcoins and the rest of the Cryptos?

Well the simply explanation is that investors are just cashing out during the weekends. And now its back above $7100. Regarding, ETF, everyone is really hoping for a approval, so we have to wait till Aug 10 or Aug 16 for the final decision. For altcoins, nothing to worry, I'm sure that the top 10 coins holders are also waiting for that decision. If it gets approved then they will dump and join the bandwagon. If it was denied, then perhaps some altcoins will be pumped.

[talkbitcoin]

The Bitcoin price as of now is dancing because of the ETF news. US SEC will announce it’s Bitcoin ETF decision on 10 August 2018. It is being said that, it might happen that SEC approves CBOE ETF on 10 August and if it happens, we can see a parabolic bull run in Bitcoin price. Until then, it may hover between $7600 to $9000. What do you think? Where is Bitcoin heading and what about the Altcoins and the rest of the Cryptos?

Well the simply explanation is that investors are just cashing out during the weekends. And now its back above $7100. Regarding, ETF, everyone is really hoping for a approval, so we have to wait till Aug 10 or Aug 16 for the final decision. For altcoins, nothing to worry, I'm sure that the top 10 coins holders are also waiting for that decision. If it gets approved then they will dump and join the bandwagon. If it was denied, then perhaps some altcoins will be pumped.

they may be hoping for it but i think majority of the investors don't have any faith in SEC approving ETF this time either which is pretty obvious from the market and bitcoin price. if they had a small hope for its approval then price should have shoot up to the moon by now. i think they are waiting for the rejection and the drop so that they can start buying fast and big during that time.

[gabmen]

Bitcoin is not Crashing and it will never crash at least it won't happen in this decade but it is growing faster around the world due to it's better qualities and capabilities that can help it's user's to do more than fiat currencies so even it seems like crashing it is a temporary situation and It will never happen. 

Yes bitcoin is not going to crash but is now becoming more stronger and powerful. The increasing bitcoin users are giving good support to bitcoin and therefore bitcoin is now more stronger than its previous time.

Uh you probably haven't been paying much attention dude. Though i agree that more people are aware now about bitcoin and its pros and cons, the current support it has now isn't enough to make it how ypu say it is. That's why its highly volatile and unstable.

[bintangkejoraku]

of course we all hope there will be a pleasant decision and can make the price of bitcoin rise again, if get approval maybe the bitcoin price will return above $ 10k.

[sunanbonang]

The bear market has been going on for a long time, this will make many investors disappointed. of course this will make the price of bitcoin more difficult to rise, this is a connected effect

[euronine897]

Bitcoin crashing is a major scenario that has scared even top crypto currency investors and traders while that is going on countries like USA, India keep fueling the situation ignoring the bad effect on investors and the beneficial side of Bitcoin and this won't do any good for Bitcoin holders

[Kris34]

It's just a small dip.

[Teriyanone]

Crashing permanently can be happen if this situation continues but no one can say that for certain because we see both negative and positive sides so only the time will decides what will be the path that Bitcoin will select and no matter what that is there will be a significant effect in the crypto currency market and the community

[antoniolukaseo2010]

While it is difficult to pin price drops on any specific event, experts and analysts have suggested the most recent fall in value can be attributed to a new study which suggests market manipulation was behind the 2017 bubble.

[Beparanf]

Bitcoin is not Crashing and it will never crash at least it won't happen in this decade but it is growing faster around the world due to it's better qualities and capabilities that can help it's user's to do more than fiat currencies so even it seems like crashing it is a temporary situation and It will never happen. 

Yes bitcoin is not going to crash but is now becoming more stronger and powerful. The increasing bitcoin users are giving good support to bitcoin and therefore bitcoin is now more stronger than its previous time.

Uh you probably haven't been paying much attention dude. Though i agree that more people are aware now about bitcoin and its pros and cons, the current support it has now isn't enough to make it how ypu say it is. That's why its highly volatile and unstable.

Comparing to last year, same day price we can say that BTC is still higher than before, we can't really compare it to last year pump since it just been acknowledged by many countries. This year seems to be a testing run of cryptocurrencies for there are many whose still not convinced and denied BTC uses.

[batang_bitcoin]

$8,000 - $6,500 it's not a crash.

Forget about August 10, ETF was delayed.

Whatever drives this plummeting simply means that we're not yet in bull run.

[STT]

The final judgement for ETF that is most likely to succeed will come all the way in future of February 2019.  Until you just have these mini stories in the news about whether its viable.   Its fairly sure that this is not pushing the price when most large speculators will be aware there is another ETF being considered or reconsidered.

Really price goes down when supply exceeds demand, thats all there is to watch.   If people only held while thinking about another kind of holding being formalised its a pretty poor reason , the base line usage is why demand might rise and there is some other factors to supply.   Mostly we see now those who buy BTC will credit give up slowly, when they run out of BTC to sell we go up some

[cryptokwuk]

The ETF will be denied, i can guarantee you that 100%. With that BTC prices will plummet to new depths, probably around 2000-2500 range.
They will try to sell you the Lightning Network scam which could give a small recovery into the 4000 range but when that has been demonstrated to the public that it doesn't work we may see prices plummet to around 1000 or even below.

Why you ask? Because it is a scam.

[stompix]

$8,000 - $6,500 it's not a crash.

Forget about August 10, ETF was delayed.
Whatever drives this plummeting simply means that we're not yet in bull run.

Then what is it?
A normal adjustment? A small dip?  
It's a crash, stop trying to cover it in honey, it still stinks!!

The coin was recovering, the ETH fiasco was long gone and we had some kind of good news from the NYSE.
But with all that, the price crashed, when something goes down 13% in 24 hours that's no correction.

Oh, and btw it's not 8000>6500, it's 8200>6350

load of bs

Hey kwukduckling, what happened, is your new worst prediction 1000? What happened to "we will never see triple digits again" ?

[websoftwareengineer]

Bitcoin crashing is a major scenario that has scared even top crypto currency investors and traders while that is going on countries like USA, India keep fueling the situation ignoring the bad effect on investors and the beneficial side of Bitcoin and this won't do any good for Bitcoin holders

In my own opinion, there is also a good side when bitcoins is dropping because in this way you can invest a huge amount while the prices are dropping and earn more profit when the market goes back to normal, buying and selling at the right time will make you wealthy immediately.

[chulos]

Bitcoin falls, the reason is unambiguous this time. The reason is rather unambiguous, unlike previous dumps. It is a decision of the US Commission on Securities and Exchange Commission (SEC), which postponed the verdict in the case of approval Bitcoin ETF companies. Lately, it's like a swing, once up and then fall again. In my opinion, everything depends on the price of bitcoin and so prices of altcoins also drop. First, it is a trust and strengthen bitcoin and the rest will grow as well. From one thing, i have the pleasure of having a good time to buy a cheaper bitcoin.

[bitcoin31]

Bitcoin crashing price is depends to us I think right now there's a lot of people who sell their bitcoin.
But don't worry bitcoin will pump the value again and we will happy if that happen.