Why is Bitcoin Crashing?

[mkhadazz]

in my opinion, the condition of bitcoin prices fell, there is bad news that attacks the condition of the price of bitcoin, one of which is from officials in the Saudi Arabian country, prohibiting the use of bitcoin and declaring bitcoin as illegal transactions.

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[gabmen]

in my opinion, the condition of bitcoin prices fell, there is bad news that attacks the condition of the price of bitcoin, one of which is from officials in the Saudi Arabian country, prohibiting the use of bitcoin and declaring bitcoin as illegal transactions.

Well it doesn't seem like it's crashing since prices are currently recovering quite well as of the moment. The support around 6k is pretty steady and we had quite a good bounce so stop telling people about a crash.

[Thanasis]

in my opinion, the condition of bitcoin prices fell, there is bad news that attacks the condition of the price of bitcoin, one of which is from officials in the Saudi Arabian country, prohibiting the use of bitcoin and declaring bitcoin as illegal transactions.

Well it doesn't seem like it's crashing since prices are currently recovering quite well as of the moment. The support around 6k is pretty steady and we had quite a good bounce so stop telling people about a crash.

The bitcoin is not crashing the prices were dumping due to many factors and ETF's rejection by SEC is one of the reason,but again we can see that the price of bitcoin is reporting above $6500 after it went to the level of $5900 range before 24 hours,so $6000 has pretty good resistance and whales don't want the price too go beyond that level.

[weblaraveluser]

in my opinion, the condition of bitcoin prices fell, there is bad news that attacks the condition of the price of bitcoin, one of which is from officials in the Saudi Arabian country, prohibiting the use of bitcoin and declaring bitcoin as illegal transactions.

Well it doesn't seem like it's crashing since prices are currently recovering quite well as of the moment. The support around 6k is pretty steady and we had quite a good bounce so stop telling people about a crash.

Bitcoins will not crash so badly but maybe it will go down so hard, i believe that the floor is $5k dollars and that is the reason why the stable price is at $6k, price manipulators like media is the contributor of fud that makes the price to drop.

[fattycoins]

WHAT I REALLY FEEL ABOUT THIS NEWS IS  THE INFLUENCE OF MEDIA.THEIR INTERFERENCE TO THE REAL FACT ACTUALLY MISGUIDES THE NEW INVESTORS.
ANOTHER IMPORTANT FACTOR IS DUE TO THE GOVERNMENT POLICIES THEY KEEP CHANGING AND THUS MAKING THE PEOPLE CONFUSED.

[STT]

Its nothing so dramatic as crashing, its more of a slow down and decline.  People built up expectations ahead of actual results and the cart overtook the horse which is rarely sustained far down a road.

What we're doing right this moment is sideways, lots of it.  I see a downtrend, then the market is shaking itself off like a dog wet from the rain, up down quite violently but ultimately we do not move just sideways.    Im not yet decided if its bullish exactly but I will say its not especially negative for a week or so now.   Keep a keen eye, heres my brief chart view:

[CLAID]

Market manipulation is the main reason behind the bitcoin crash as, BTC market manipulation has been a highly contentious area that always arises when questioning Bitcoin’s price activity. Whether traders choose to accept it or not, evidence supplied by a University of Texas finance professor recently, along with investigations by the United States Justice Department the Commodity Futures Trading Commission, are beginning to prove that this ‘conspiracy theory’ actually exists in the market.

I do think like you have mentioned the market manipulation is a major reason for Bitcoin prices to crash because all since Bitcoin has become a major asset to make anyone rich in no time many are tring to do what ever necesary to get there profits so people who are really rich and can afford among traders and investors they have the ability to make a big impact to the market easily because still the crypto makret is small considering the rest of the world   

[figmentofmyass]

Its nothing so dramatic as crashing, its more of a slow down and decline.  People built up expectations ahead of actual results and the cart overtook the horse which is rarely sustained far down a road.

it feels like 2014, like a slow bleed. except this time, the price hasn't collapsed. it just stays in a tight range.

What we're doing right this moment is sideways, lots of it.  I see a downtrend, then the market is shaking itself off like a dog wet from the rain, up down quite violently but ultimately we do not move just sideways.    Im not yet decided if its bullish exactly but I will say its not especially negative for a week or so now.

same feeling here. like i've been saying, this kind of structure is pretty unpredictable. the last few months could be an accumulation zone, or it could be a drawn out bear flag. i'm flat here, no longs or shorts, and leaning slightly bullish. but i need some confirmation.

[reyblack]

I don't see any proof that bitcoin is crashing nowadays and I never think of a possibility that bitcoin value will become zero. Bitcoin as a popular cryptocurrency is well supported by many big investors and users around the globe. Though bitcoin had dipped many times due to its volatility aspect but I have seen it can always recover.

[arc67583]

This is not the crash, it's minor correction. Nothing unsual and the price is staying in the range between 7000 and 8000$.
Investors are maybe more caucious now and not so keen to take the risk regarding the past experiences but still that doesn't influence the price significantly.
Also there are always some rumors that intend to harn Bitcoin as well as media and social network announcements but such influence on price is short term.

Yes that is true there is nothing to worry about the Bitcoin price drop because price fall and increase are very common for any currency or any investment asset and many people who are against Bitcoin and the crypto world is making this for there afvantage to spread false information toavoide furthure expansion of Bitcoin among general public but the true is Bitcoin price crash is temporary situation

[Mr.grin]

I don't see any proof that bitcoin is crashing nowadays and I never think of a possibility that bitcoin value will become zero. Bitcoin as a popular cryptocurrency is well supported by many big investors and users around the globe. Though bitcoin had dipped many times due to its volatility aspect but I have seen it can always recover.

well, basically, the biggest thing that makes bitcoin prices fall is the rejection that happened last month. well, that makes the price of bitcoin drop so far. well, but I'm sure there will be future price returns.

[SIDDHI777]

Its nothing so dramatic as crashing, its more of a slow down and decline.  People built up expectations ahead of actual results and the cart overtook the horse which is rarely sustained far down a road.

What we're doing right this moment is sideways, lots of it.  I see a downtrend, then the market is shaking itself off like a dog wet from the rain, up down quite violently but ultimately we do not move just sideways.    Im not yet decided if its bullish exactly but I will say its not especially negative for a week or so now.   Keep a keen eye, heres my brief chart view:

People in the crypto trade get panic instantly for nothing somtimes even for rumors and many are predicting that Bitcoin will fall furthure and disapear from the market but that is very unlikely to happen because we see many positive things happening for the betterment of Bitcoins future so news and rumors about Bitcoin crash are just false information made by people to eliminate cryptocurrencies from the our current economical system

[the1arty]

Yesterday we went up $400, as bitmex was down for maintenance, and bitcoin immediately pumps. I guess it pretty much shows how the market is manipulated. Some short positions called margin calls, likely because of that we returned back to levels we been a day before.

[tonyosa]

The whale are all out to push the price of bitcoin to as low as they can so that they can maximize their profits should the bitcoin ETF get approval

[irsada]

Yesterday we went up $400, as bitmex was down for maintenance, and bitcoin immediately pumps. I guess it pretty much shows how the market is manipulated. Some short positions called margin calls, likely because of that we returned back to levels we been a day before.

it seems like I think we just observe a situation like this and just follow the games of the popes because obviously we can't resist the waves that are manipulating on the market today.

[taliwang]

in my opinion, why is the price of bitcoin falling because there is a lot of bad news that ultimately makes the price of bitcoin fall because there are so many traders who panic when conditions are bad. the new traders are too easy to panic which ultimately makes them lose money.

[euronine897]

We could say that this is a price manipulation by the big whales so that they could buy much cheaper Bitcoin before pumping it up again like a bullish run but this is only my speculation in which maybe most of the people are afraid to invest in Bitcoin anymore because of this year ugly market performance which is really not a good market sign for the investors.

Market Manipulation happens all the time and most Bitcoin holders and investors get fooled by those criminals who are doing these things so all the time small traders loose except smart once so the best thing to do is buy and hold and be patient without getting manipulated by others because the end of the day your money is at steak   

[tkaush]

in my opinion, the condition of bitcoin prices fell, there is bad news that attacks the condition of the price of bitcoin, one of which is from officials in the Saudi Arabian country, prohibiting the use of bitcoin and declaring bitcoin as illegal transactions.

Not just in Saudi Arabian country countries like USA and INDIA too trying to ban Bitcoin due to many reasons and one is thinking Bitcoin will interrupt there economical system and also criminals and Business people will hide or launder there money from governments and that led Bitcoin to crash with a rapid rate during these years 

[putrii]

in my opinion, the price of bitcoin is currently collapsing and a lot of victims are due to bad news that attacks the condition of cryptocurrency prices which eventually makes a lot of traders panic and eventually sell their assets at cheap prices.

[Flor1982]

Actually, Bitcoin is crashing not only because of ETF issues but because the real demand is low in which this is due to people are afraid to join this investments anymore because their confidence level to join this investment is reduced, therefore in order to make these people to trust Bitcoin is to make the market healthy once again in any means that necessary just to attract the people to invest again.