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Author Topic: Recent crash  (Read 544 times)
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futile-resistance
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November 29, 2018, 05:50:52 AM
 #41

It is uncanny how much bitcoin can drop. We say it won't drop any further, we say 6 thousand dollars is the bottom and it won't drop any further for this and that reason, it drops no matter what. We say ok this is the last price, it won't go down any further because 5.6 thousand dollars is the bottom it will go, it can't go any further down because that's really low, it goes down no matter what.

We say alright 4.7 thousand is basically all it can drop without killing the miners and there is no chance in hell it drops any further, it drops no matter what. Right now we have seen 3.7 thousand dollars, we say it can't go down any further because lets face it, bitcoin looks so low. However I wouldn't be really shocked if it went down to 2 thousand dollars tomorrow, at this pace, anything is possible.
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nebuch
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November 29, 2018, 05:59:35 AM
 #42

This has nothing to do with BCH. In fact, in November, the global stock market, financial markets and cryptocurrency markets all experienced significant depreciation. Maybe the depreciation of Bitcoin is being promoted? I think gold will rise rapidly in the next month.

Are we talking about bitcoin cash or bitcoin? As far as I know this is about the cause of cryptocurrency crash or bitcoin. Anyways, it is possible that the crash was done by the whales who have power to turn cryptomarket up and down. They are the number one suspect of why still bear market until now. If you hold such a large volume of bitcoin or whatever potential coins you are one of the whales that can join the group of big whales investors. As of now this crash is still causing headache and heart burning and impatient waiting.

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November 29, 2018, 07:20:45 AM
 #43

this is a healthy accident, you should not worry about the future of bitcoin, to see the market again likely at the end of 2019 we see the market recovering
haroldtee
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November 29, 2018, 01:15:04 PM
 #44

Probably a combination of fud, hashwar and manipulation are the factors that pulling the market down. I think it will be a healthy start for new entrants, potentially good for long term. Holders are being tested and filtered again just like the past years, wish I had more capital to spend for cheap coins.
Of course, the major reasons for any crash is always as a result of fear and doubts in the market. No one is certain what is going on, and you will require some deep knowledge and understanding of the market to be able to withstand anything going on in the market that looks negative. However, if we look at the market right now, we will understand deeply that a lot of people are here without even knowing or understanding what they were getting into in the first place let alone, be able to prepare themselves psychologically for anything that happens.
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November 29, 2018, 02:02:30 PM
 #45

I think the price direction will depend a lot on whether the majority of people see the current price as an opportunity to buy cheap.

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December 01, 2018, 06:03:55 AM
 #46

From what I have been reading from certain threads, the crash may have been brought about by some investors moving in from Bitcoin to another currency. Admit it, since the start of this year 2018, bitcoin have been bursting several times and literally not achieving nor surpassing the high marks that it left last year. The crash may have been brought about by whales picking up bitcoins and hoarding and holding it on purpose-- selling in chunks so that the market will look red causing more panic selling (this is just my theory) This had left investors looking for another coin that will seem to be more stable than bitcoin while they are waiting for the storm to pass they have migrated to USDT instead. Smiley

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December 01, 2018, 06:13:02 AM
 #47

From what I have been reading from certain threads, the crash may have been brought about by some investors moving in from Bitcoin to another currency. Admit it, since the start of this year 2018, bitcoin have been bursting several times and literally not achieving nor surpassing the high marks that it left last year. The crash may have been brought about by whales picking up bitcoins and hoarding and holding it on purpose-- selling in chunks so that the market will look red causing more panic selling (this is just my theory) This had left investors looking for another coin that will seem to be more stable than bitcoin while they are waiting for the storm to pass they have migrated to USDT instead. Smiley
I think looking for other coins that are more stable, less likely, because bitcoin affects development of other coins, I agree more if the whales hold their money and wait for the lowest price, or divert investment elsewhere
hiameneven
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December 01, 2018, 07:20:09 AM
 #48

I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.

What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?

I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.

It’s because of the Bitcoin Cash fork, seems like investors are not happy with the BCH ABC and BCH SV. But as usual, this would be temporary, although I don’t think the price will be going up anytime soon, not this year. Let’s just hope that next year that things will start to get better and also get back to where it’s meant to be.
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December 01, 2018, 07:49:40 AM
 #49

this is a healthy accident, you should not worry about the future of bitcoin, to see the market again likely at the end of 2019 we see the market recovering
Yeah I agree the cryptocurrency blood time will heal but I am guessing that some are earning huge with cryptocurrency right now. This because market was crashing without a good reason behind why market goes down. Some are stating that it is because of regulation. I cannot agree on this because regulations are being raised for the good of cryptocurrency investors. The rich people are pocketing the money?

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December 01, 2018, 08:07:20 AM
 #50

Market manipulation led to panic. Panic, in turn, led to price crash. The wise should seize this opportunity to acquire more Bitcoin because the prize will go up again - it's usually a cycle - and when it does, we will all have cause to smile again.
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December 04, 2018, 01:59:18 PM
 #51

Market manipulation led to panic. Panic, in turn, led to price crash. The wise should seize this opportunity to acquire more Bitcoin because the prize will go up again - it's usually a cycle - and when it does, we will all have cause to smile again.

Many investors decided to leave the market and a lot of traders made up their minds to quit their business. Naturally, their decisions affected the cryptocurrencies prices. Suppose, soon the situation will be normalized.
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December 05, 2018, 08:34:06 AM
 #52

I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.

What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?

I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.

I have read a lot of articles and kept researching the fall began to know the major reason behind it. Though a lot of people has claimed that it wasn’t caused by anything, but is just a normal thing that crypto will always rise and fall in price due to it being volatile, an article on Forbes has claimed it all started when the U.S. Securities and Exchange Commissions ruled ICOs as unlicensed securities.
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December 05, 2018, 09:33:19 AM
 #53

I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.

What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?

I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.


I am still optimistic that this drop is not a crash. But just a correction on the price. We should remain positive to not let this drop continue to a point there where everybody will get discouraged and let loose the tie.

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December 05, 2018, 09:33:52 AM
 #54

After watching the prices of cryptos lately, mentioning an economic crisis is not that off topic. If the economic system working well. we would not be in the current situation (even though it will always work well for the 10% wealthiest people).

A quick historical reminder with very big drawbacks: why was there a revolution in France in 1789?

Winters were cold and wet, we were short of wheat, prices were rising, countryside was particularly affected.
During this time the monarch increased taxes to pay for the wars which ruined the country.
Only 98% of the population, who was already poor payed the taxes. The poor people are always on the losing side.

A lot of blood, and France was on the verge of chaos and still hungry. The years passed, it was still a real travesty and the people were still flouted. And where will the solution come from? The establishment of a totalitarian militarist regime.

Sorry for this off topic, but we can draw a parallel with BTC: some people dream of a revolution but do they measure the consequences? Are they ready to lose everything for the hope of winning more but without any guarantee?
KnightElite
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December 05, 2018, 10:27:07 AM
 #55

I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.

What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?

I'll keep this thread self-moderated because I don't want to it to turn into another spam thread.

There are many rumors that the bull run will start in this current month but I do not think so that it will happen. We are now in the first week of December, the price of the bitcoin is still in $3000 per each. I think next year is the year for us to see the bull run.
Gagah119
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January 30, 2019, 05:09:24 PM
 #56

I think this happens because there are a lot of crypto and tokens that exist, so investment is split, in 2017 many people focus on investing in bitcoin so that the price is high, but now with many choices it will have an impact on the stability of bitcoin prices on the market.

Sorry if I am wrong.
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January 30, 2019, 08:06:36 PM
 #57

I want to have a serious discussion about the recent crash that happened in the crypto market, more precisely bitcoin.

What are your thoughts on this subject? What caused it, is it healthy for the long term, when do you expect to see the price back again?

We are going back to the roots, so to speak

Though you didn't make it clear in the OP what crash you refer to. If you mean the late November early December crash a couple months ago, it was likely triggered by the hash wars, but its causes lie in Bitcoin being overvalued back then. The price had been trading in 6-7k range but with no real support, so when someone started to sell in earnest, the price crashed until it found a new support at 3k. But we may not be done yet

You can think of it as an organic continuation of an overall downtrend which gets us closer to the equilibrium determined by real value of Bitcoin (with most altcoins likely kicking the bucket in the process). So for Bitcoin itself it may be a good thing as lower prices probably add to Bitcoin's real use. You can take Dogecoin as an example of that kind. It is cheap as dirt but almost all of its price is determined by its real use (as a coin for gambling)

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January 30, 2019, 08:12:15 PM
 #58

This cannot be called a "crash." At the time when Bitcoin was rising and rising, smart and intelligent people understood that it would end soon and it would fall. By this we can say that everything is "according to plan." But after each fall we will take off.
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January 31, 2019, 12:38:14 PM
 #59

In my opinion, the price of bitcoin will certainly return to its original level and even exceed the price of yesterday when it skyrocketed, why can I be sure of that because of the price movement pattern that I analyzed, this is a bitcoin that is commonly experienced. from trading activities to traders. So don't panic over the current market situation because it will only worsen the atmosphere.
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