What Causes Bitcoin & Other Crypto Currency Massive Sell Off's?

[sheynlee18]

The sell off of cryptocurrencies really has a turbo and continue at a full speed with no limit. Even all the altcoins are going down especially my ETH that I hold..With this economic crisis of cryptocurrency everyone is worrying about the price of bitcoin & other cryptocurrencies going down! Is this gonna be the future of bitcoin ? Going down? What causes a massive sell off of all crypto currency especially bitcoin?

I have searched for a great reason all night but I couldn't see if what is the real reason of massive sell off. [I'm still sleepy right now  ] I know that in this forum we could tackle a great discussion and have a good explanation of this market drop. I know that we have so many experts here in the forum and even WHALES which holds so many BTC or any other cryptocurrency. I know that I could find answers here ! ^_^ Thank you !

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[pooya87]

there is a lot of drama with bitcoin because of an altcoin called BCash. that drama and FUD that came with it has been causing a lot of panic in bitcoin and the market makers have been using this opportunity to short bitcoin and make profit in the chaos.

just like always when bitcoin drops, altcoins get dumped hard and whenever an altcoin dump starts the mass panic in altcoin market begins specially since now with this recent dumps many bag holders entered >90-95% loss so they are now giving up and dumping their bags so the alt crashes become a lot bigger because of it. the altcoins still being in bubbles of their own doesn't help the situation either.

[sudeshkumar]

People are awaiting the rise of the currency to book profit for a long time everyone was asking a question when the prices of the bitcoin will re enter the bull run meaning thereby they are either sellers or holding currency for a long .

[libert19]

Panic. Most are losing hopes now (just like in bull run everyone believes market gonna go up) so they are now selling their bags, falling market further.

[AGD]

there is a lot of drama with bitcoin because of an altcoin called BCash. that drama and FUD that came with it has been causing a lot of panic in bitcoin and the market makers have been using this opportunity to short bitcoin and make profit in the chaos.

just like always when bitcoin drops, altcoins get dumped hard and whenever an altcoin dump starts the mass panic in altcoin market begins specially since now with this recent dumps many bag holders entered >90-95% loss so they are now giving up and dumping their bags so the alt crashes become a lot bigger because of it. the altcoins still being in bubbles of their own doesn't help the situation either.

Why should a shitcoin influence the Bitcoin price 

[sheynlee18]

there is a lot of drama with bitcoin because of an altcoin called BCash. that drama and FUD that came with it has been causing a lot of panic in bitcoin and the market makers have been using this opportunity to short bitcoin and make profit in the chaos.

just like always when bitcoin drops, altcoins get dumped hard and whenever an altcoin dump starts the mass panic in altcoin market begins specially since now with this recent dumps many bag holders entered >90-95% loss so they are now giving up and dumping their bags so the alt crashes become a lot bigger because of it. the altcoins still being in bubbles of their own doesn't help the situation either.

Oh so that is one of the big reason why it causes massive sell off's .. I see a clear explanation now why it happens.. but will it be able to recover again in a short term? or those big whales will let bitcoin down to its massive underground before they will make a bull run in the long term for them t gain a massive profits? Those who are a small traders are the one who will suffer the most .. Hope this will recover by 50% in mid december for them to have a bountiful christmas.. 

[thesmallgod]

ones you see massive fall off then you should know its as a result of panic mostly generated by FUD. people are begining to lose interest in crypto and I heard there is this fork that is also causing the problem. Nobody would have taught bitcoin will go below $5k and ETH that was one above $600 is less than $200. crazy things happen to crypto this year but we should be optimistic and hope for the best.

[TBboys]

there is a lot of drama with bitcoin because of an altcoin called BCash. that drama and FUD that came with it has been causing a lot of panic in bitcoin and the market makers have been using this opportunity to short bitcoin and make profit in the chaos.

just like always when bitcoin drops, altcoins get dumped hard and whenever an altcoin dump starts the mass panic in altcoin market begins specially since now with this recent dumps many bag holders entered >90-95% loss so they are now giving up and dumping their bags so the alt crashes become a lot bigger because of it. the altcoins still being in bubbles of their own doesn't help the situation either.

Oh so that is one of the big reason why it causes massive sell off's .. I see a clear explanation now why it happens.. but will it be able to recover again in a short term? or those big whales will let bitcoin down to its massive underground before they will make a bull run in the long term for them t gain a massive profits? Those who are a small traders are the one who will suffer the most .. Hope this will recover by 50% in mid december for them to have a bountiful christmas.. 

But this may not be the main reason. I think there is a more important reason because of the ICO's sluggishness. The rise of Bitcoin last year was largely due to the rise of ICO，but this year ICO has been thoroughly Failed, all ICO-related investments are withdrawing funds, which is the most critical, it makes the entire market shrink.
BCash is just a fuse. It makes the sell-offs bigger. Whether or not BCash's fork event occurs, crypto will be sold，this is a matter of time.

[sheynlee18]

there is a lot of drama with bitcoin because of an altcoin called BCash. that drama and FUD that came with it has been causing a lot of panic in bitcoin and the market makers have been using this opportunity to short bitcoin and make profit in the chaos.

just like always when bitcoin drops, altcoins get dumped hard and whenever an altcoin dump starts the mass panic in altcoin market begins specially since now with this recent dumps many bag holders entered >90-95% loss so they are now giving up and dumping their bags so the alt crashes become a lot bigger because of it. the altcoins still being in bubbles of their own doesn't help the situation either.

Oh so that is one of the big reason why it causes massive sell off's .. I see a clear explanation now why it happens.. but will it be able to recover again in a short term? or those big whales will let bitcoin down to its massive underground before they will make a bull run in the long term for them t gain a massive profits? Those who are a small traders are the one who will suffer the most .. Hope this will recover by 50% in mid december for them to have a bountiful christmas.. 

But this may not be the main reason. I think there is a more important reason because of the ICO's sluggishness. The rise of Bitcoin last year was largely due to the rise of ICO，but this year ICO has been thoroughly Failed, all ICO-related investments are withdrawing funds, which is the most critical, it makes the entire market shrink.
BCash is just a fuse. It makes the sell-offs bigger. Whether or not BCash's fork event occurs, crypto will be sold，this is a matter of time.

Regarding with that .. I also agree on your opinion because ICO's this year are almost 90% EXIT Scams and its really alarming for investors in result they withdraw and that is a pain in bounty hunters which are also small time traders which relies mainly in bounty hunting for them to gain extra income.  like me..  .. I started bounty hunting november last year and all I have been seen and gain was all ICO EXIT Scam's in result I gain so low I think for about 500$ only all in all this year.. In addition the worsening price of cryptos makes the token I HODL a bloody red ! T_T .. Hope there will be a solutions to this ICO scams but I think the only one that could stop spreading ICO Scams & making only legit ICO's are the government which they can possibly do it in a legal way. Hope there will be a miracle before the year ends so I can buy my dream motorcycle bike ! T_T

[el kaka22]

Usually there aren't that much of a massive sell off in other crypto but the price gets affected because people are comparing the prices to the bitcoin and when the bitcoin drops in price that reflects on the altcoins dropping in price as well. Not that many people sold off their ethereum in the last week, you can check the volumes and how much was bought and sold, that will tell you that ethereum wasn't sold off that much, not nearly enough to be called massive, however the price almost dropped 30%.

The only thing that got a massive sell off was bitcoin and that was mainly caused by two things. One is the hash war going on between the bitcoin cash groups, and the other is that when the massive sell off from those people happened the smaller guys got scared and panic sold all their holdings to get out before it dropped even further.

[pooya87]

there is a lot of drama with bitcoin because of an altcoin called BCash. that drama and FUD that came with it has been causing a lot of panic in bitcoin and the market makers have been using this opportunity to short bitcoin and make profit in the chaos.

just like always when bitcoin drops, altcoins get dumped hard and whenever an altcoin dump starts the mass panic in altcoin market begins specially since now with this recent dumps many bag holders entered >90-95% loss so they are now giving up and dumping their bags so the alt crashes become a lot bigger because of it. the altcoins still being in bubbles of their own doesn't help the situation either.

Oh so that is one of the big reason why it causes massive sell off's .. I see a clear explanation now why it happens.. but will it be able to recover again in a short term? or those big whales will let bitcoin down to its massive underground before they will make a bull run in the long term for them t gain a massive profits? Those who are a small traders are the one who will suffer the most .. Hope this will recover by 50% in mid december for them to have a bountiful christmas.. 

But this may not be the main reason. I think there is a more important reason because of the ICO's sluggishness. The rise of Bitcoin last year was largely due to the rise of ICO，but this year ICO has been thoroughly Failed, all ICO-related investments are withdrawing funds, which is the most critical, it makes the entire market shrink.
BCash is just a fuse. It makes the sell-offs bigger. Whether or not BCash's fork event occurs, crypto will be sold，this is a matter of time.

it can not be because of ICOs because first of all people bought ETH to invest in ICOs, not so much as BTC. so if anything ETH price went up because of them not bitcoin's. secondly the ICO mania died a long time ago near the beginning of this year. the death didn't start this week to cause any drops and ICO owners were dumping in early days. and again they are dumping their ETH and also tokens for ETH and cashing that out not bitcoin so if anything again ETH price drop is due to ICOs not bitcoin's!

~
Why should a shitcoin influence the Bitcoin price 

you have to ask this question from those who panic sold...
i am just posting my observation/speculation.

[KrishaBitcoin]

I believed there is a conspiracy or manipulation of price in which the panic people were easily to become the prey and they feed well the big whales so that the price for them will become so cheap when they start to trigger the bullish run. Hopefully they will not regret it in the end as i believed that it will start to be manipulated again but the next time is to pump it.

[GeoRW]

Volume of trades went down continuosly before the crash. Price looked unusually stable, but it was just a matter of time before it all crashed. There are simply no buyers, interest in bitcoin went down, plus different other things like bcash war and panic has accelerated the fall.

[sheynlee18]

Volume of trades went down continuosly before the crash. Price looked unusually stable, but it was just a matter of time before it all crashed. There are simply no buyers, interest in bitcoin went down, plus different other things like bcash war and panic has accelerated the fall.

Isn't it the real reason is price manipulation that causes massive sell off's? Because I think BTC is getting more popular everyday?This has been already integrated in our daily lives.. ^_^ Hope the price will excel high before the year ends.. I think those whales will surely manipulate the market price again to go high for them to gain more and more profit ! ^_^