Markets crashing down, Want to know why?

[Khaos77]

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[1714181048]

1714181048

[stfN2128]

Thanks for this awesome news where did you got this secret informations from?
https://cointelegraph.com/news/bitcoin-not-moved-for-at-least-five-years-is-at-an-all-time-high more and more btc arent moved for years, how can you tell them they are the last fools in lol? 

[Qcrypto]

You lost your money didn't you?

[BrewMaster]

that is just another wave of altcoin shitcoin panic dump as the old remaining bag holders are giving up their worthless bags and  try to flee to their fiat. unfortunately they are fleeing through bitcoin and as they dump Shitcion > bitcoin > fiat the bitcoin price becomes strained. meanwhile people like you who continue bag holding lose money on their altcoins and the rest of us take this opportunity to buy more bitcoin because before you know it just like when price shoot up from $3k to $10k we will see another shoot up from $9k to $20k
now go put your head back in the sand you'll be coming back when it is too late again and again and again.

[The Cryptovator]

I am suspecting OP has been lost fund on bitcoin or some  other crypto-currency. This is a native behaviour of crypto-currency, it will up and down. Nothing happened yet to consider it as crash. Price trend depend on buy pressure, means currently there is low buy pressure and that's why price become bit lower.

Bitcoin or other crypto-currency isn't quick rich method. And likely you were consider it as quick rich method and eventually you have ended up with lost fund. Bitcoin is just a crypto-currency like other. You should trade it careful at your own risk. You lost fund doesn't mean crypto-currency ended up. You are telling fool who have hold crypto-currency, but you might cry once a time why I had not enter and hold crypto-currency. It doesn't matter bitcoin touch $20K or not, matter is how potential it. We can't imagine about price, it might huge dump or up. Depend on markets situation.

So don't discourage newbies from crypto-currency with your poems.

[Mandoy]

This statement having negative connotations against bitcoin is a sign that probably the author had negative experiences pertaining bitcoin or rather he had lost a big amount during the correction of value. Anyway the author has some point but not everything is true especially that we will not get rich with bitcoin since there are already many bitcoin millionaires out there who are saying a lot about bitcoin. Though I am not a millionaire but because of bitcoin I have been able to send my wife to college, my kid to a private school, paid all my debts, construct a house, buy appliance and etc because of bitcoin. If bitcoin is a bad news I will not be here anymore.

[TheUltraElite]

Well OP I am sorry to bring in the hard truth that majority of the people in this forum are day workers and visit this forum in their free time. They are not shills like you who spend all their time on the internet reading r/conspiracy threads and making up bullshit. What you fail to understand because of your lack of grey matter is that bitcoin is an investment for most and if it does go down they will buy more if they can and if affordable to them. If they cant buy then no worry about it.

People here are not illogical traders. They have a brain at least most of them.

[hugeblack]

I think this is related to Bakkt, as the same thing happened when Bitcoin CME and CBOE were launched.
What is happening now is a price correction but we have not reached the risk levels at $ 9,200.
Surprised that panic occurs when the price drops by about $ 400, these moves were considered normal.
Don't forget that the price has been around $ 3,000 in the past months.

[Mulann2]

I guess he bought his first btc above 10k with the news of bakkt coming that will move price of btc to the very top, now his disappointed because there is no big pump in price of btc and he lacks the patient to hodl, maybe you should re-read your post and see where it feat.

[NeuroticFish]

The reasons are probably many, but OP's is not among them.

I think that OP is not against Bitcoin and the only reason for this"hate" is to spread a little FUD. It's, after all, the best possible time for it.
I think that in less than a week the price will grow again, proving him wrong.

[tomahawk9]

Most likely you purchased all of the crypto you want, and see no reason to buy more.
After all bitcoin and others are supposed to moon and make you rich.

Second sentence is pretty much the whole reason why some people never stop buying crypto. The thought of seeing your crypto stash grow which will increase your chances of becoming filthy rich in the long-term is usually enough of a reason for you to buy at every dip possible.

Crypto is in a state of decay

After just 10 years? When half the world are barely starting to know wtf it is? Hmm, I hardly think so...

I think that OP is not against Bitcoin and the only reason for this"hate" is to spread a little FUD. It's, after all, the best possible time for it.

Nah, OP is definitely a troll who doesn't like Bitcoin, look at his post history, he's been against it for a while now so, even though the timing is great for some FUD, OP has been at it for some time.

[The Sceptical Chymist]

Here is the rub, crypto is a bubble and it popped at btc 20k.
If btc survives, it may be 22 years before it reaches 20k again.

Bitcoin was in somewhat of a bubble when it hit $20k, I agree with that.  But you have to realize that even after a bubble pops, it's quite possible that the asset that was in the bubble can and will recover.  The NASDAQ bubble popped in April 2000, and though it took many years it did bounce back to where it was--and it's even higher now than it was back then.  Same thing with bitcoin, only the recovery appears to be happening faster. 

As to the second statement, I think it's absurd to predict it's going to take 22 years for bitcoin to reach its previous ATH.  I certainly could be wrong about that, but I think you're being far too pessimistic based on bitcoin's price dropping a few hundred dollars.  I mean please, it's still at $9500.  It was stuck around $3500 for months before that, so keep some perspective on it.

You lost your money didn't you?

Lol, that's exactly what it sounds like here. 

[Artemis3]

Reasons the Markets crashing down.

There are no greater fools left to rush in and buy crypto.

If you are a hodler , you are one of the last fools in.

Most likely you purchased all of the crypto you want, and see no reason to buy more.
After all bitcoin and others are supposed to moon and make you rich.

Here is the rub, crypto is a bubble and it popped at btc 20k.
If btc survives, it may be 22 years before it reaches 20k again.

So all those that think crypto will make them rich,
sorry there are no greater fools left and the game of musical chairs is winding down.

Time to cut the Bullshit and go start a real business or get a real job.
Crypto is in a state of decay, getting rich off it is over.

Good Day.

Its something like that but not quite. The word "crash" does not apply here, but you are correct people should not expect to become rich of buying crypto alone. Start a business that accepts bitcoin, or get a job that pays in bitcoin, will net you a better quality life than doing exactly the same with fiat.

Fiat is devalued at least 2% every year. Of course you cannot expect to live of 2% so even if you bought gold you would have to sell it again if you don't have another source of income. Bitcoin is like gold, but most altcoins are like fiat.

22 years for 20k? Hmm well not necessarily, it might be doable in about 15 years, since it took 10 for it to reach 10k, so logically 10 more needs to take longer. 22 is also valid and quite close to my expectations.

It is time for people to use bitcoin for what it was intended for, a coin, not a become rich scheme. It is maturing, and price will tend to stabilize and become "boring" on each passing day. But where are not there quite yet, however on each passing halving, it will fluctuate less and less.

And don't forget, mining is becoming unprofitable as well. It is headed to become unprofitable at any electricity price, even 1¢ will be too much, this time is coming, and the large miners will close, even asic production will dwindle down, and only hobbyists and small setups with renewable energy will remain and keep the network alive and kicking. But yes, no more money from mining either.

But contrary to your last words, this is not a decay. The price is not expected to go down (much), the longer it stays in a position, the closer that will be its natural price, with a very long tendency to go opposite to the fiat induced devaluation. This is per design, it is a sign of maturity, and is a very good sign.

The fools that don't pay attention and don't diversify their source of income NOW, will go bankrupt. But i guess it is inevitable. For example in trading it is said 90% lose, only 10% wins. Trading is too high risk, and yet its lower than gambling (but close).

[seoincorporation]

...

You lost your money didn't you?

Lol, that's exactly what it sounds like here. 

You know how this work, if people buy cheap and bitcoin bumps then BTC is the octave wonder... But when they lose then bitcoin is a bubble, is just a waste of time, is time to get a real job  

This phase is better known as panic sales, if OP wants to take the loss and get out of BTC then GG, BTC was not for him.

[mk4]

When I saw the topic title I knew it had to be you again.

While it's pretty pointless to argue with your points over and over again from thread to thread, I'll address this instead:

Time to cut the Bullshit and go start a real business or get a real job.

I completely agree. While I think that people can still make a lot of money by holding bitcoin and while I'm extremely bullish in the long-term, it's not guaranteed. Getting a job or starting a business and holding a responsible amount of bitcoin in contrast to your net worth is the way to go. Just so you have something to fall on if ever bitcoin goes bust in the end for whatever reason.

[figmentofmyass]

There are no greater fools left to rush in and buy crypto.

If you are a hodler , you are one of the last fools in.

So all those that think crypto will make them rich,
sorry there are no greater fools left and the game of musical chairs is winding down.

Time to cut the Bullshit and go start a real business or get a real job.
Crypto is in a state of decay, getting rich off it is over.

you call this a crash? at the weekly time frame, it looks more like a tame version of the mid-2012 or mid-2013 bullish consolidation periods. more like a bull pennant than anything else!

let's assume for a moment that your greater fools theory is correct. you could apply the same logic to the market in mid-2012 or mid-2013, or the 2011 top, or the 2013 top. so what's different this time? how do you know that this time there are no more greater fools?

i was on the speculation forum a lot in 2014-15 so believe me, i've seen my share of threads like this.

[UnDerDoG81]

Somebody thinks he can make people panic and grab cheap coins with stupid threads like this 

[leowonderful]

The aftermath's largely a result of people panic selling after the initial drop as well. This is a pretty good lesson to all those trading to not get involved in leverage if absolutely possible as well, and if you do choose to use leverage, to always use stops. If you're not using stops, you're at very high risk of getting liquidated and you could be trapped in a losing trade. Cascading liquidations from sites like Bitmex also attributed to this; Bitmex was about $100 below the market price on most spot exchanges just a few minutes ago.

I still do think there's going to be an eventual strong V-shaped bounce up from this sharp movement downwards. The panic selling will eventually wind down and we'll see things recover, but the dumping will likely continue to some extent in the meantime.

[buwaytress]

The aftermath's largely a result of people panic selling after the initial drop as well. This is a pretty good lesson to all those trading to not get involved in leverage if absolutely possible as well, and if you do choose to use leverage, to always use stops. If you're not using stops, you're at very high risk of getting liquidated and you could be trapped in a losing trade. Cascading liquidations from sites like Bitmex also attributed to this; Bitmex was about $100 below the market price on most spot exchanges just a few minutes ago.

I still do think there's going to be an eventual strong V-shaped bounce up from this sharp movement downwards. The panic selling will eventually wind down and we'll see things recover, but the dumping will likely continue to some extent in the meantime.

Well, I will be mighty pissed if everything recovers before 1 October. I do think you're right and that the dip will be quite painful for a lot of people to bear, and we'll only see more selloffs this entire week, if not well into October. Always bound to happen, especially when news like Bakkt ended up whimpering. Got to learn to stop all the hyping up cause the hangover from underwhelming events hits the market like this.

[veleten]

Somebody thinks he can make people panic and grab cheap coins with stupid threads like this 

more likely he bought high and now regretting his decision
I highly doubt he is big enough to be fishing for cheap coins creating additional panic at bitcointalk  
I literally went to the loo and came back to see the price at x600$ and was like meh , 9600 , a 400$ drop , hope it recovers tomorrow
and then was like WTF its 8600 for the love of god!
lets wait for the buyers to wake up  , say thanks for the cheap coins and settle the price around 8900-9100 ish
probably BAKKT is to blame , but I saw coins dumped in bulk , sold 50 -100 coins a pop , a proper seller would not have done it in an hour and sold slowly
this does look like a market manipulated rather than a panic sell or a trend thingy