Whose to blame for this dump?

[mr.mister]

I am going to lay the blame on the following people.


Craig Wright
Jihan Wu
Roger Ver


The above three should be sanctioned in my opinion.

[1714918472]

1714918472

[gentlemand]

If a global borderless uncontrollable currency can be felled by three assholes then it doesn't really deserve the title, not that it's entirely down to them. It's sentiment piling upon sentiment to form a cascade effect. Once the bots join in then the train will have left the station and won't halt until the destination has been reached.

[Leahhhh]

Dare I ask where you think the next destination is? 

[mr.mister]

Dare I ask where you think the next destination is? 

$4,500 for starters and it could go lower.

[MuffinMaster]

I have already seen a few statements about who is guilty of this panic. The supporters of BitcoinCash (so Roger Ver and Company) were blamed for this, i see also statements about the mine owners from China...In my opinion, we will never know who is guilty of this panic, but one we can be sure: It is a deliberate action to underestimate the price and buy cheap coins.

[fabiorem]

I just want them to stop spamming the network.

I need to take the fractions I bought from the exchange, but the fees are too high.

[Leahhhh]

I've held since early 2014. People told me not to sell at $8,000, that the worst was over. They told me the same at $6,500 & I held, but I'm getting increasingly nervous  .

[gentlemand]

I just want them to stop spamming the network.

I need to take the fractions I bought from the exchange, but the fees are too high.

I think we can be certain that this time around the cloggage is entirely organic. On top of hash rate going to the Bcashes there's that good old panic dumping too. People run for the exits even when there's not enough room for everyone to squeeze through. Either people will be saved or outraged. We'll see what happens tomorrow I guess.

[mr.mister]

This is ever more reason for the SEC never to approve any ETFs. No way, will they anytime soon. They won't let unsuspecting investors get their hands on this stuff lol.

As long as 3 or 4 mafia characters as the ones below can severely manipulate the market and start a panic sell off, they won't do it.


Craig Wright
Jihan Wu
Roger Ver

and do I there add Charlee Lee to this list?

[gentlemand]

and do I there add Charlee Lee to this list?

What's he ever done to anyone? He publicly sold last year pretty much at the peak.

You're right about the SEC though. As time passes things look more warped than ever. I don't think ETFs had much of a chance to start with. It's definitely looking less appealing than ever.

[WinslowIII]

Blame the devil. Afterall, the peak was $19,666 on bitstamp.  

[mr.mister]

Blame the devil. Afterall, the peak was $19,666 on bitstamp.  

That should have been a sign to sell.

[bitgov]

Blame the devil. Afterall, the peak was $19,666 on bitstamp.  

That should have been a sign to sell.

So it is enough to believe in evil ... I'm afraid that this solution is not the best for making investment decisions But who knows ... time will show who was right
Let's hope that good will win! 

[mirawantirinjana]

nothing can be blamed, calm down. if you panic and ask who is to blame, you are wrong to join a crypto currency if you experience fear and panic like now

[Matthias K.]

Craig Wright
Jihan Wu
Roger Ver

... And Wall Street, and SEC, and China, and Abraham Lincoln, and, why not? even God.

Or, instead of blaming, you can just wait for all this to pass. This is what I am going to do.

[figmentofmyass]

I am going to lay the blame on the following people.

Craig Wright
Jihan Wu
Roger Ver

The above three should be sanctioned in my opinion.

sanctioned by who? they should be able to fork and mine whatever coin they want. they're just delusional and power hungry, and they're paying for it---the bcash forks are both unprofitable to mine now.

I just want them to stop spamming the network.

I need to take the fractions I bought from the exchange, but the fees are too high.

i hear ya. i regret not consolidating outputs while fees were so low. the drop in hash rate isn't helping: 1 block every 10.6 minutes....

you think it's the bcash backers spamming the network? why?

[jadenunderhill]

I am going to lay the blame on the following people.


Craig Wright
Jihan Wu
Roger Ver


The above three should be sanctioned in my opinion.

Everybody! Specially in this forum! BTC is no more than a virtual stock assset. It is no currency, it has no real valuue

[markj113]

Blame the pumpers not the dumpers.

Bitcoin was never worth $19k

[pinkman12345]

Blame the pumpers not the dumpers.

Bitcoin was never worth $19k

19k usd 🤗 , man are you high?? Bitcoin is not even 4k usd worth.

[jadenunderhill]

Blame just yourself.
BTC is going to $3000. No options it will be higher in a few years. It was i hype. now it is gone for good)

[Rahar02]

Dare I ask where you think the next destination is?  

The bottom isn't here yet, bitcoin actually heading to $3000, probably.
According to bitcoin momentum predictions technical analysis the way the market behaves. Look at the daily transactions of bitcoin that are happening on chain as a way to measure it.
Early bear phase mean daily transactions value have dropped right down to around 100K per btc that is moved every day on chain. Late bear phase is when the daily transactions values are rising to 250K bitcoin per day.

Who's to blame?
Blame to all of the people who following the market sentiment to panic sell. There are two group of people, short-term traders and long-term holders. Short-term traders aim for profits in panic sell market, have sold at $8K and buy back at the bottom, they can make more than 100% profits.

[figmentofmyass]

Blame the pumpers not the dumpers.

Bitcoin was never worth $19k

is it always just a pump and dump? the bubbles, i mean. if so, why are we always trending up over the long term? was it not worth $1200 back in 2013 either?

19k usd 🤗 , man are you high?? Bitcoin is not even 4k usd worth.

how do you figure? i mean, how do you quantify something like that? i figure it's worth whatever the market says it's worth. right now, that means $4400......

[bigtitsmomma]

Blame the pumpers not the dumpers.

Bitcoin was never worth $19k

is it always just a pump and dump? the bubbles, i mean. if so, why are we always trending up over the long term? was it not worth $1200 back in 2013 either?

19k usd 🤗 , man are you high?? Bitcoin is not even 4k usd worth.

how do you figure? i mean, how do you quantify something like that? i figure it's worth whatever the market says it's worth. right now, that means $4400......

Its useless to talk commonsense to those who live in delusion and those who do not understand scams, bubbles and ponzi scheme. They were talking 1m when it was 19k. Now its not even worth 4k when it is plummeting.

Bubbles are not worth even $1 buddy.



bitcoin is 'probably rat poison squared' - Warren Buffet
In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending - Warren Fucking  Buffet
If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it  - Warren Again Fucking Buffet

Idiots think they know more about investments than Warren Buffet.

[Dodoymabs]

I think there's nothing to be blamed because from the start we know what volatility means. This is what is happening right now which shows not only about price increase but also in an opposite direction. As what we already seen for over the past years, cryptocurrencies behaves unexpectedly. People do transaction everyday which it comes from a different reasons so there's no point to whom we should be blamed.

[Hasbro27]

I don't think we can accuse and blame others, the situation now must have been made by a group that has a big influence on the cryptocurrency market, I am also confused by the current situation because almost all cryptocurrency prices have declined in just a few days.

[MuffinMaster]

Blame the pumpers not the dumpers.

Bitcoin was never worth $19k

19k usd 🤗 , man are you high?? Bitcoin is not even 4k usd worth.

I am very curious what you will say when the price of Bitcoin reaches the level of $50k - probably the same..
Bitcoin price can not be accurately estimated. The same as it was with tulips.. basically tulip seeds.. Well, not really. The difference is that Bitcoin has a certain amount, so the demand can make everything with the price.
It all depends only on whether people will want to use it or not. And you can not do anything about it - it will be valued by the market, not by you ...

[jamids]

I don't think we can accuse and blame others, the situation now must have been made by a group that has a big influence on the cryptocurrency market, I am also confused by the current situation because almost all cryptocurrency prices have declined in just a few days.

Those who can influence the price started it and then panic selling strike that's why the price is what it is now. Many people didn't expect that it would go below $5k that's why a lot got liquidated and then now, it seems that the price is bouncing back so if you are still brave enough to have a position then do it and always exercise risk management because a lot of people nowadays do regret not placing a stop loss.

[mr.mister]

I think there's nothing to be blamed because from the start we know what volatility means. This is what is happening right now which shows not only about price increase but also in an opposite direction. As what we already seen for over the past years, cryptocurrencies behaves unexpectedly. People do transaction everyday which it comes from a different reasons so there's no point to whom we should be blamed.

wARREN bUFFET  is protecting his interests. You can't be serious in valuing his opinion, can you?

[justdimin]

How do you figure bitcoin doesn't worth 19 thousand dollars ? Or it worth 4 thousand dollars ? Is there any way to calculate that outcome in your mind ?

Do you have a proper logic that would be easily explainable to everyone why it doesn't worth something and it worth something ? I think there is no logic aside from the market. I believe bitcoin worth what the market says it worth because that is the only thing that keeps any currency high as well.

When there is no need for Turkish Lira in the world and people stopped using it and sell their Turkish Lira for US Dollars because of sanctions and what not, price of Turkish Lira dropped like crazy, which means just like in Bitcoin world when something has a value it shows in the market and when it doesn't you can see it in the market again.

Bitcoins worth 19 thousand dollars when people say it worth 19 thousand dollars and Bitcoin worth 4 thousand dollars when people say it does. There is no other way to calculate its actual value.

[iMark]

Dare I ask where you think the next destination is? 

The bottom isn't here yet, bitcoin actually heading to $3000, probably.
According to bitcoin momentum predictions technical analysis the way the market behaves. Look at the daily transactions of bitcoin that are happening on chain as a way to measure it.
Early bear phase mean daily transactions value have dropped right down to around 100K per btc that is moved every day on chain. Late bear phase is when the daily transactions values are rising to 250K bitcoin per day.

Who's to blame?
Blame to all of the people who following the market sentiment to panic sell. There are two group of people, short-term traders and long-term holders. Short-term traders aim for profits in panic sell market, have sold at $8K and buy back at the bottom, they can make more than 100% profits.

short-term trader, they can sell bitcoin at any time and produce panic selling and they can buy again in lower price and profit later. but we cannot blame them, because that's what traders have to do? but I blame many users who are very sensitive to the weakening of prices and news, they easily panic and fear.

[aris av]

There is no need to blame others, we join crypto from our own consciousness and there is no compulsion. And in this decline, it's better to be calm and be patient, panic will only make us more fragile.

[okala]

The dump is not the fault of any many but the forces of demands and supplies playing out.  We should all accuse ourself because we all benefits from cryptocurrencies when there was a very high upwards movement last year and since the market must make corrections we should then not blaming anyone or group for this.

[mr.mister]

The dump is not the fault of any many but the forces of demands and supplies playing out.  We should all accuse ourself because we all benefits from cryptocurrencies when there was a very high upwards movement last year and since the market must make corrections we should then not blaming anyone or group for this.

Not true,

The ones who started this had  big stakes in Bitcoin Cash. The BCH fork backfired as well, or did it?? Maybe this was the trios true intention after all? Look at the combined cap of both of these coins. It's nothing compared to before. Roger Ver, Jiahn Wu, and craig Wright destroyed Bitcoin Cash, but they got the golden parachutes. They sold high to U.S. dollars. It's  Investors who got left holding the bag. They created a domino effect in the market. The bottom line, everyone sold  to U.S. Dollars.

[Clemcout]

Dare I ask where you think the next destination is?  

The bottom isn't here yet, bitcoin actually heading to $3000, probably.
According to bitcoin momentum predictions technical analysis the way the market behaves. Look at the daily transactions of bitcoin that are happening on chain as a way to measure it.
Early bear phase mean daily transactions value have dropped right down to around 100K per btc that is moved every day on chain. Late bear phase is when the daily transactions values are rising to 250K bitcoin per day.

Who's to blame?
Blame to all of the people who following the market sentiment to panic sell. There are two group of people, short-term traders and long-term holders. Short-term traders aim for profits in panic sell market, have sold at $8K and buy back at the bottom, they can make more than 100% profits.

Why you are worried about it? Don’t you know bitcoin always have gone in hot waters but it never let us feel bad. Even the prices are down, one can buy and make money from it. So don’t worry and it will raise high very soon?

[armarsterling7]

I am going to lay the blame on the following people.


Craig Wright
Jihan Wu
Roger Ver


The above three should be sanctioned in my opinion.

Those are the people who deliberately manipulated the market. They are the ones who can control the market and they will profit from selling off altcoins. Once they reach the desired number, they will start to buy at a very high price for the market to grow. We can not blame them, just for our actions.

[buwaytress]

But why knock down these guys? They're every bit as responsible (or not) for dumps now as they were for last year's bull. Some or all of them attacked Bitcoin, spent money trying to take it down, threatened with splits amd doverted hashpower away...

All that action conspiring to destroy Bitcoin only made it stronger, and accelerated upgrades like Segwit. If not for them, who knows how long more those things would have taken to happen?

[LeGaulois]

At least, since over 24 hours now, the market stopped to crash and you can even notice a few coins with a green 5%. It can be a sign showing the bleeding stopped? I again prefer to wait more days to see how the market will behave.

Is it really a Crypto Crash?

• The gold price got a similar crash last week within a 3-4 days period and then recover back within a week.

https://www.bullionvault.com/gold-price-chart.do

• The CAC 40 benchmark is showing the same trend AND the same days

https://www.google.com/search?q=cac+40&rlz=1C1CHBD_frFR818FR818&oq=cac+40&aqs=chrome..69i57j0l5.1840j0j7&sourceid=chrome&ie=UTF-8

• I didn't check The US Stock market but I am quite sure to see the same graph pattern, here I take as an example Johnson & Johnson & Philip Morris International Inc

https://money.cnn.com/quote/quote.html?symb=PM
https://money.cnn.com/quote/quote.html?symb=JNJ

So I don't know what do you think about but to me, the cryptocurrency market isn't the only one in the same situation. Finally, we have less to worry about maybe.

[Supercrypt]

We might be playing a bit of hand in this as well. Everyone keeps blaming the hash war dudes for the drop and at one point we are right because the initial cause for this drop was those tens of thousands of bitcoin being sold in the market, even when the miners lost money on those because they were selling under the cost of mining the bitcoins, they did it anyway so they definitely had a play in this. However after they sold it we started to panic and sell as well, I didn't personally sold any bitcoins during this week but the small investor like me got a bit of panic when they saw it was going down and everyone felt like "what if it drops even further" and ran away. They are sort of right because we believed we were at the bottom price a week ago since it was already barely worth the mining but when we saw even miners selling for loss we realized there is no potential bottom when that happens.

[liuqi]

There is no need to blame others, we join crypto from our own consciousness and there is no compulsion. And in this decline, it's better to be calm and be patient, panic will only make us more fragile.

All the experts are accepting this current fluctuation but beginners are blame from crypto whales because most of the whales are selling entire cryptocurrency in recent days and they earn good profit in one time selling again they will buy more Bitcoin and altcoin it is the good tricks for crypto whales so many of them blame the big investor.