The main reason for the bearish market today

[Cryptobabyshark]

I think the main reason for the bearish market today is because of a decision made by SEC.

"We wish to emphasize, however, that market participants must still adhere to our well-established and well-functioning federal securities law framework when dealing with technological innovations, regardless of whether"

Airfox and Paragon will have to settle charges with SEC and moreover, they are required to reimburse ICO investors upon request. This would mean that other ICO projects which violated SEC regulations will have to follow this process. Due to this decision, corrupted ICO project foundations would need to sell their digital assets in order to have money for the fine and requested reimbursements.

As I mentioned on the previous article(https://whaley.it/articles/93/), I still believe there should be more upcoming news that could bring the market down (even below sub 4500 zone)

However, it does not mean the collapse of the market. To become a healthy market, we need to regulate several scam projects(Too many scams out there) and build an infrastructure to protect investors. I think it is one of the preparations for the explosive growth of the market and the involvement of new investors.

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[Bitcoin_Arena]

Doesn't SEC have control only on the American market sphere?
If yes, How does it really affect the whole crypto market given that it's not only America involved in crypto more-or so most ICOs that were held were mostly avoiding investors from countries that seemed to have some tough regulations on them such as  the US and China, to mention but a few.This means that most of them will get away with it. This reason for the current heavily bearish market doesn't add up.

[Cryptoreflector_666]

I think the main reason for the bearish market today is because of a decision made by SEC.

"We wish to emphasize, however, that market participants must still adhere to our well-established and well-functioning federal securities law framework when dealing with technological innovations, regardless of whether"

Airfox and Paragon will have to settle charges with SEC and moreover, they are required to reimburse ICO investors upon request. This would mean that other ICO projects which violated SEC regulations will have to follow this process. Due to this decision, corrupted ICO project foundations would need to sell their digital assets in order to have money for the fine and requested reimbursements.

As I mentioned on the previous article(https://whaley.it/articles/93/), I still believe there should be more upcoming news that could bring the market down (even below sub 4500 zone)

However, it does not mean the collapse of the market. To become a healthy market, we need to regulate several scam projects(Too many scams out there) and build an infrastructure to protect investors. I think it is one of the preparations for the explosive growth of the market and the involvement of new investors.

I absolutely agree with you. A huge proportion of investors who are able to bring new financial flows to crypto do not do this due to the fact that a lot of ICO projects eventually turn out to be fraudulent. To risk a serious amounts of no sane man will not, because should the settlement of law of the creation and maintenance of the ICO.

[LFC_Bitcoin]

It’s nothing to do with the SEC & their lack of understanding or accepting that bitcoin is ready for one of their shit ETF’s.

The reason the price is falling down quicker than a cheap hooker getting on her knees for $100 is because of a number of reasons, mainly the shit show that’s currently going on with BCH. Ver/Jihan & CW are all burning bitcoin’s to support their weird as fuck fork civil war. This made the price drop & now it’s filtered down to average joe panic selling which makes the price drop more.

It’s one big fuck up! We’re probably going to have to wait until 2020 for the next big bull run post halving.

[demenBTC]

It’s nothing to do with the SEC & their lack of understanding or accepting that bitcoin is ready for one of their shit ETF’s.

The reason the price is falling down quicker than a cheap hooker getting on her knees for $100 is because of a number of reasons, mainly the shit show that’s currently going on with BCH. Ver/Jihan & CW are all burning bitcoin’s to support their weird as fuck fork civil war. This made the price drop & now it’s filtered down to average joe panic selling which makes the price drop more.

It’s one big fuck up! We’re probably going to have to wait until 2020 for the next big bull run post halving.

Your reason is very correct, I also get information from the current price decline, I am just waiting for the end of the ongoing civil war, and prices will recover soon

[Sadlife]

I dont think this is the only reason clearly SEC's jurisdiction is only in the USA which other ICO is based on other countries. Somehow i think what's affecting the bitcoin price is this hash war they're calling between btc SV and btc ABC. The price may plunge further but let's see if there is a chance for a bull if institutional investors joins in.

[maryanlukuts]

I think not only one reason effective for that bearish market. We know the crypto field is a very huge field. There are have lots of altcoins. But, these all altcoins prices went down suddenly. Actually, all peoples are really surprised about that thing. Personally, I hope, the main reason is lots of bad news released about the Bitcoin. We know, all altcoins are depended on the BTC. And the other thing is people are scared about that situation and they are selling them tokens. So the market makes a huge downtrend.

[rumexx]

There is one thing with the crypto market, that any market sentiments will impact on the price. The decision of SEC concerning the scam ico projects that have failed the government approved procedures. We may have been affected somehow because the price has gone down but on the other hand, we win in that a scam ico project is being dictated and sanctioned which will stand as detriments to others

[hubballi]

It’s nothing to do with the SEC & their lack of understanding or accepting that bitcoin is ready for one of their shit ETF’s.

The reason the price is falling down quicker than a cheap hooker getting on her knees for $100 is because of a number of reasons, mainly the shit show that’s currently going on with BCH. Ver/Jihan & CW are all burning bitcoin’s to support their weird as fuck fork civil war. This made the price drop & now it’s filtered down to average joe panic selling which makes the price drop more.

It’s one big fuck up! We’re probably going to have to wait until 2020 for the next big bull run post halving.

What reason you gave was for the market crash happen on Nov 15 when the hardfork was happen and market corrected to more then $1000 down.

Today 's reason is the same what OP is telling it is true and due to it now market can go below $4500 if more ICO get notice, then they will also start to sell their project to be ready to pay back the investments what they got from investors.

[coolcoinz]

It’s nothing to do with the SEC & their lack of understanding or accepting that bitcoin is ready for one of their shit ETF’s.

The reason the price is falling down quicker than a cheap hooker getting on her knees for $100 is because of a number of reasons, mainly the shit show that’s currently going on with BCH. Ver/Jihan & CW are all burning bitcoin’s to support their weird as fuck fork civil war. This made the price drop & now it’s filtered down to average joe panic selling which makes the price drop more.

It’s one big fuck up! We’re probably going to have to wait until 2020 for the next big bull run post halving.

The funny part is that while they are doing it the price of BCH is going down even faster than Bitcoin. Also, Craig has much less money than he wants us to think, and his war will leave him bankrupt. For Jihan it's also a fight of last resort because his business is doing bad. He gambled it by leaving Bitcoin for BCH and BCH is now worth 10% of its peak value. It's worth less today than on the day when it launched.

[carlisle1]

I think the main reason for the bearish market today is because of a decision made by SEC.

"We wish to emphasize, however, that market participants must still adhere to our well-established and well-functioning federal securities law framework when dealing with technological innovations, regardless of whether"

Airfox and Paragon will have to settle charges with SEC and moreover, they are required to reimburse ICO investors upon request. This would mean that other ICO projects which violated SEC regulations will have to follow this process. Due to this decision, corrupted ICO project foundations would need to sell their digital assets in order to have money for the fine and requested reimbursements.

As I mentioned on the previous article(https://whaley.it/articles/93/), I still believe there should be more upcoming news that could bring the market down (even below sub 4500 zone)

However, it does not mean the collapse of the market. To become a healthy market, we need to regulate several scam projects(Too many scams out there) and build an infrastructure to protect investors. I think it is one of the preparations for the explosive growth of the market and the involvement of new investors.

Lol SEC is nothing to do with the market dumping because for how many times denial from this institution happens but market still come to recover
I believe that this is the bitcoon cash suppoters attack to take the number one place,but sorry they will never succeed because bitcoin will always be the number one

[KingScorpio]

I think the main reason for the bearish market today is because of a decision made by SEC.

"We wish to emphasize, however, that market participants must still adhere to our well-established and well-functioning federal securities law framework when dealing with technological innovations, regardless of whether"

Airfox and Paragon will have to settle charges with SEC and moreover, they are required to reimburse ICO investors upon request. This would mean that other ICO projects which violated SEC regulations will have to follow this process. Due to this decision, corrupted ICO project foundations would need to sell their digital assets in order to have money for the fine and requested reimbursements.

As I mentioned on the previous article(https://whaley.it/articles/93/), I still believe there should be more upcoming news that could bring the market down (even below sub 4500 zone)

However, it does not mean the collapse of the market. To become a healthy market, we need to regulate several scam projects(Too many scams out there) and build an infrastructure to protect investors. I think it is one of the preparations for the explosive growth of the market and the involvement of new investors.

this isnt just a bearish market this is an entire trend shift.

its the bitcoin miners that constantly want everyone to believe its just a "bearish market" while the market is seeking to decentralise and develop the cryptoindustry

[guy369]

It’s nothing to do with the SEC & their lack of understanding or accepting that bitcoin is ready for one of their shit ETF’s.

The reason the price is falling down quicker than a cheap hooker getting on her knees for $100 is because of a number of reasons, mainly the shit show that’s currently going on with BCH. Ver/Jihan & CW are all burning bitcoin’s to support their weird as fuck fork civil war. This made the price drop & now it’s filtered down to average joe panic selling which makes the price drop more.

It’s one big fuck up! We’re probably going to have to wait until 2020 for the next big bull run post halving.

Yep, they're liquidating their BTC in order to purchase hash power to back their respective projects.

These guys are destroying the market

[MiguelCryptoss]

In my own opinion, the news of today by SEC contributed to the further decline in Bitcoin price and cryptocurrency in general. The start of this decline was the fight between Bitcoin and Bitcoin Cash harsh rate, the laughing issue of the whole matter is; Bitcoin Cash price decline along with other coins in the market, at the end of this fight some notable individuals who are supporting BCH will be bankrupt as they are all selling off their (Bitcoin) asset to fight. 

[mohammedmattar]

This was my opinion already
War between the rich to achieve personal interests
He lost everyone
These idiots present a hideous image of encryption
Oh, they are ugly.

[tenakha]

Doesn't SEC have control only on the American market sphere?
If yes, How does it really affect the whole crypto market given that it's not only America involved in crypto more-or so most ICOs that were held were mostly avoiding investors from countries that seemed to have some tough regulations on them such as  the US and China, to mention but a few.This means that most of them will get away with it. This reason for the current heavily bearish market doesn't add up.

If we continue with your logic, just having control in the American market should mean that Bitcoin's price should only go down in America and also BAKKT's positive decision about Bitcoin should only lead to price increases in some companies but not so.This is a global money and it is possible to reach wherever there is internet connection and any new development will have an impact on the price, even if there is no big news.

[bitcoinsc]

bitcoin is correlated to stocks and if stocks is dead on December expect the same for bitcoin.  give it sum times n it will break away. becoming digital gold. but right now it's too soon for bitcoin as a currency. recession comes in 2019 bitcoin goes to 1000$ and there's nothing you can do besides sit at home broke.

[BuyBuyBitcoin]

I think the main reason for the bearish market today is because of a decision made by SEC.

Well you're wrong, completely wrong but good to know there are still fish in crypto.

[pooya87]

you are wrong. people stopped caring about what SEC says a while ago. at this point everyone knows they are not pro-bitcoin so it is expected of them to act against it so anything they do is no longer going to affect bitcoin and its price.

i am with @LFC_Bitcoin on this. this drop is only because of the shitshow of BCash. from the day BCash was created it has been damaging bitcoin to this day and it will continue to do it unless it is destroyed. BCash is not like other altcoins out there. it was created with the sole purpose of harming bitcoin and this is exactly what it has been doing so far.

[Kakmakr]

The SEC decision has nothing to do with this. I agree with some previous posters that the Bitcoin Cash forkers are behind this. The war between the two sides needs massive funding to keep the facade going that their fork is winning and they are burning through their BTC hoard to fund this. We all know that they are sitting on large amounts of BTC, even if they are saying the opposite, so they will sacrifice those coins to win the war. <hoping that the victory would render large rewards if their fork succeeds>

You only need a few thousand coins to spark enough momentum to get people to panic sell and that is what is happening now. Markets are being flooded with coins and the price drops.