BTC 4000$ and ETH 100$ Now, what happened in crypto market?

[Bounty Don]

We know that most cryptos exchanged by Bitcoin and Ethereum. Bitcoin is also called King of the Crypto Bazar. Recently We have seen that most of the currency in the market is down. Many traders are concerned about this. Statistics show that after the fall of Bitcoin, the other currencies have the effect. Bitcoin and Ethereum prices have been down for a few months. Currently its price is 4000 and $ 100 respectively. Thus, if the price falls, the investors will be leave from the mid-market. And it could be a big loss for Bitcoin and the crypto industry.

Do you know the main reason, why the crypto price falls?

[Caroyln Facemire]

I'm not a miner neither a trader, but I can say for sure Tokens to turn to cents value without appropriate regulation. As soon as B-coin drops under 1 K$, it will systematically switch to survival mode , and maybe lasts for decades or more but with a significant low value as a currency, neither it becomes an asset.   

[PDAngel]

It is only natural to the market and it happened already many times. There are few reasons why this is happening but for me there is a big possibility that big whales are dumping their share in order to lower the price and buy it back again to make a good amount of profit.

So if you are a wise trader, you should also make this crisis into opportunity to buy more and store it in your wallet for months or even years until you will be satisfied with the price to sell.

[Stedsm]

The fight between two big groups who've once been supporters of BTC - Roger Ver and Craig Wright (and his underground partner Calvin Ayre) about what to mine and which one to support (Craig came with BSV Bitcoin Satoshi's Vision concept whereas Roger had been supporting his very founded coin BCHSV). Craig warned publicly through media that if his coin doesn't get sufficient hashrate, he'll then need to buy more power for which he won't hesitate to drop BTC down even under $1000 and the sudden move of BTC from 6200 straight down to 5700 in a matter of hours shook the whole market due to which investors lost their confidence in crypto sphere and we're seeing the most awaited bloodbath in the history of crypto that swiped away more than 40 bn in just one day.

[yazher]

This is the worst fall I've ever seen, since I join the Crypto Industry, But still I don't recommend to sell your coins today. Hodling it until the last Dollar will make you feel the feeling of a real hodler. Let just wait for the outcome of this fall, Let just hope that it won't finished and die soon. we still have some dreams to chase and hope to fulfilled.

[mohammedmattar]

The fight between two big groups who've once been supporters of BTC - Roger Ver and Craig Wright (and his underground partner Calvin Ayre) about what to mine and which one to support (Craig came with BSV Bitcoin Satoshi's Vision concept whereas Roger had been supporting his very founded coin BCHSV). Craig warned publicly through media that if his coin doesn't get sufficient hashrate, he'll then need to buy more power for which he won't hesitate to drop BTC down even under $1000 and the sudden move of BTC from 6200 straight down to 5700 in a matter of hours shook the whole market due to which investors lost their confidence in crypto sphere and we're seeing the most awaited bloodbath in the history of crypto that swiped away more than 40 bn in just one day.

Unfortunately, the founders of the crypto show this low awareness
It was my opinion that crypto would suffer both of these fools and lose investor confidence
I belong to the end of these blood baths soon.

[boyptc]

If many investors are going to leave the mid-market then there will be more to come. Why? there will be a lot of cheaper bitcoin that's on sale and this is what most investors love to see.

They are just waiting for those people to get out and sell their coins so they can finally have it with the cheapest price.

[Pursuer]

I thought ETH is worth at least $50 by now. I am surprised that it is still overvalued by that much. it really needs to go a lot lower than this to be considered at a healthy value since this year it has lost all of its market as ICOs continued to die with all the scams and all the bans that occurred in different countries.
I am wondering what they plan on doing with their fork coming. there will be another big dump by then as people panic because of its splitting into two coins with that fork.

[BitcoinPanther]

Seem there is really some problem and that maybe the reason why the price keep going down.  I sent a bitcoin transaction from exchange last night (huobi to be precised) and it took more than two hours to be confirmed.  Seem there is some people behind this event, meaning some organize move to FUD Bitcoin and drive its price down.  Some confusion between BCH and BTC and now miners stuff, though I can say, instead of seeing this as dreadful thing this is a good sign that Bitcoin will rebound soon, I believe someone is manipulating the market to get Bitcoin cheaper.  

As of ETH, it is overly hyped last year I guess, and there are lots of unfixed bug within that network so it is right to see it go down.

[Harkorede]

There are so many controversial news/events surrounding the market and as such made it fall beyond redemption at least for this year, that's my opinion. Hopefully we could have a significant change in the 1st quarter of next year and that would subjected to if there aren't as much controversial news surrounding the market as we are currently witnessing.

[Gamblet]

Now there are many intrigues connected with BitcoinCash on the market and this is due to the large number of sales. Buyers want to buy cheaper. and for this they do not interfere with selling to those who want to do it.

[allthebitandbobs]

Seem there is really some problem and that maybe the reason why the price keep going down.  I sent a bitcoin transaction from exchange last night (huobi to be precised) and it took more than two hours to be confirmed.  Seem there is some people behind this event, meaning some organize move to FUD Bitcoin and drive its price down.  Some confusion between BCH and BTC and now miners stuff, though I can say, instead of seeing this as dreadful thing this is a good sign that Bitcoin will rebound soon, I believe someone is manipulating the market to get Bitcoin cheaper.  

As of ETH, it is overly hyped last year I guess, and there are lots of unfixed bug within that network so it is right to see it go down.

Remember the Bitcoin Cash crowd own a lot of bitcoin and most of the miners.I assume there hopeing if they drive the price low enough miners and people will start using their version of bitcoin instead.Craig white talked about this in a few interviews already.I think they're in danger of killing the goose with that lay the golden eggs. Since i see people and investor switching to more stable coins like true USD and  POS coins then making one of the bitcoin forks the new king

[runam0k]

The fight between two big groups who've once been supporters of BTC - Roger Ver and Craig Wright (and his underground partner Calvin Ayre) about what to mine and which one to support (Craig came with BSV Bitcoin Satoshi's Vision concept whereas Roger had been supporting his very founded coin BCHSV). Craig warned publicly through media that if his coin doesn't get sufficient hashrate, he'll then need to buy more power for which he won't hesitate to drop BTC down even under $1000 and the sudden move of BTC from 6200 straight down to 5700 in a matter of hours shook the whole market due to which investors lost their confidence in crypto sphere and we're seeing the most awaited bloodbath in the history of crypto that swiped away more than 40 bn in just one day.

Meh, I don't think anyone seriously think CSW has access to any quantity of bitcoins (beyond the few that he has mined).

I do think the Bcash and BSVision (ha, love that the Bcash people used this tactic) dumpster fire had some impact (public perception, people perhaps seeing Bitcoin and crypto generally as being vulnerable to forks, people believing nonsense about CSW wanting to destroy the price of Bitcoin, etc). There's also the DoJ investigation into market manipulation (Tether related) and, of course, the crumbling of the ICO market (quite possibly encouraging founders to sell the last bits of their ICO proceeds and reducing demand for bitcoins and Ether from people who might otherwise have been encouraged to buy into ICOs).

Throw in FUD media pieces to add an air of inevitability to it all.

It will pass.

[jrrsparkles]

It looks like high manipulation causing the prices too fell very low of this year but still the prices can get back to high when the investors are think that the bottom level is reached so let's wait for their decision to bump the coins and you also can get more profits like the big investors do.

[osmo]

I don't know for sure the reason, I read the news that there was a survey from KPMG public accountants who warned investors that bitcoin was not ready to be classified as a real currency that could be used to store value and payment instruments. maybe this is what makes crypto prices drop sharply

[gilangIDR]

I do not find it strange that this condition occurs, because we all know that this situation has often happened before. The price movement of Bitcoin and Altcoin is already quite terrible so we feel in a panic situation. I hope everyone can think quite positively, we all must continue to support the use of Bitcoin, because that is one of the points to increase positive changes for Bitcoin and other coins. If we are only carried away in a panic situation, the condition will worsen.

[cpoer2011]

The main cause is the battle between Bitcoin Cash SV and Bitcoin Cash ABC because they are also the Bitcoin supporters. But, some people said that there are some whale who manipulated this situation to get cheap bitcoin before the pumped it and get profit from it. That's what I think.

[levyashin]

Actually nor btc 4000$ or nor eth is 100$ right now, they can drop to these figures but right now 4450 to 130 would be correct numbers.

I can provide two points of view one is optimistic and one is pessimistic. You can choose what to believe.

Optimistic: It is finding the bottom to start pumping again and entering into a bull market.

Pessimistic: Bubble has burst and everything will turn to zero.

[KingScorpio]

Actually nor btc 4000$ or nor eth is 100$ right now, they can drop to these figures but right now 4450 to 130 would be correct numbers.

I can provide two points of view one is optimistic and one is pessimistic. You can choose what to believe.

Optimistic: It is finding the bottom to start pumping again and entering into a bull market.

Pessimistic: Bubble has burst and everything will turn to zero.

3k is next target i am saying this since quite a while and i gave good reasons for that

[meanwords]

This thread proves to be informative. I can see the manipulation behind it and that sudden dump in price is because of the investors getting their confident in Bitcoin lowered because of some FUD and what the founders had said. We will see more in the next few months on what will happen next in the cryptocurrency world.