24.09.2019 - another black day in crypto? (Red Market) reason?

[Bananington]

Before this sudden dip, I saw many predictions about Bitcoin going to 11k$ soon and more. This shows us that nobody predicts the market correctly, TA is cool but not 100% sure. There are many factors which influence market prices. The dip took everyone unawares but the market will soon recover, let's be patient.

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[icekohl]

Zoom out your Bitcoin chart and you can see it has been accumulating in the range of $ 9k to $ 11k in recent times, and yesterday was when the price of BTC went to the end of the bearish triangle, which means that BTC is about to have big volatility. And the movement of BTC yesterday said it.

There’s still no sign of pump so I think this dump will continue and the volatility will becomes more high and risky for the panic seller. This is not a black day with crypto, its pretty normal since day one so technically we will survive this dump

Yes, it's similar to last year chart, when BTC accumulated in 6k $ range for a long time then falled 50% to 3k $. If BTC dump, It will active a series of stop-loss order, cause of the black day. But we can use margin trading to earn profit in this dumping.

[criket]

Before this sudden dip, I saw many predictions about Bitcoin going to 11k$ soon and more. This shows us that nobody predicts the market correctly, TA is cool but not 100% sure. There are many factors which influence market prices. The dip took everyone unawares but the market will soon recover, let's be patient.

predictions are always like that, we can not expect much from the news circulating in the market. but the situation and market conditions can change quickly. said all certainly panicked at this situation because almost all assets went down. the belief that patience will give results is now being tested, hopefully there will be improvements in the market soon.

[bitcoinposts]

Sept 24th crypto market is indication of institutional investors coming to market with full of expectations and it got failed eventually

[genset88]

This year has been a tearful year for long-term investors.  Altcoin seems to have no hope after the storm that BTC brought to the market.  Perhaps this is the end of the altcoin market?  Hope and wait for a new trend to save this pain.

[joshy23]

Before this sudden dip, I saw many predictions about Bitcoin going to 11k$ soon and more. This shows us that nobody predicts the market correctly, TA is cool but not 100% sure. There are many factors which influence market prices. The dip took everyone unawares but the market will soon recover, let's be patient.

predictions are always like that, we can not expect much from the news circulating in the market. but the situation and market conditions can change quickly. said all certainly panicked at this situation because almost all assets went down. the belief that patience will give results is now being tested, hopefully there will be improvements in the market soon.

This will be the testing grounds for long term holders and the panic sellers, it will be between your understanding  and patience to continue holding your assets in order to be able to catch up when the recovering stage went back. You have all the time to manage your portfolios, choosing your investment will be more tough when suffering from the bleeding market conditions. It's your own research and observation that's need to be followed.

[Xorvatebsgavutanet]

hm, its nice, i want low price ))

becouse, i want more BTC with my miners, becouse i have zero cost of electricity. and when price going down - my BTC earning is growing ))

i will HODL my BTCs to 2022 year. i want MINE more and more BTC before healving <3


go go - dump <3

[cribusen]

wtf? market is red :/ everithyng is red.

have any idea, what is reason?
or its just (only) Pump - Dump game?

Bakkt exchange trading volume is less than 20 BTC. This event was such a hope for crypto, and everybody were praying that it would be successful, but 20 BTC is just a disaster. Nobody knows if crypto is able to recover from such a punch.

[YuginKadoya]

hm, its nice, i want low price ))

becouse, i want more BTC with my miners, becouse i have zero cost of electricity. and when price going down - my BTC earning is growing ))

i will HODL my BTCs to 2022 year. i want MINE more and more BTC before healving <3


go go - dump <3

It is good for you if you had miners and has zero cost for your electricity, But I guess it will surely ROI if that is your case Because of that zero cost for the Electric Bill is a higher indicator that you will surely ROI, And now I guess having something like free electric and internet cost can sure come in handy,

But the sudden drop in the price of Bitcoin is an indicator that many in the community are selling right now than buying it, I don't see any other reason behind the drop because there is no such news about it.

[Oceat]

Before this sudden dip, I saw many predictions about Bitcoin going to 11k$ soon and more. This shows us that nobody predicts the market correctly, TA is cool but not 100% sure. There are many factors which influence market prices. The dip took everyone unawares but the market will soon recover, let's be patient.

People only speculate because none of them know the result in the future that's why there's always a TA and FA to follow the closest possible result. Those factors that you are talking are sometimes off the charts that would lead to a miscalculation of the result. Just like what happens to the expected price of Bitcoin when it is almost to launch, people are in big shock to notice the price started to get dump to $8k down to $7k.

[ashmodeus]

i am not pretty sure what going on about a few days ago.
but , i have a little speculation, probably because
1.BTC hashrate suddenly unhealthy
2.launch of BAKKT make some sentiment to market.
3.about SEC opinion to Bitcoin ETF which is still unclear

or all of them , because for some reason ,all of that,happened before BTC going drop.

[kodtycoon]

i don't think it's a game of pump and dump or manipulation, because prices are falling so hard in such a short time. maybe this is a reaction that occurs by the issues circulating out there that cause a great panic to occur. i just hope this is a normal event by the market sentiment that is happening and maybe the falling price so far will make a big improvement next day

[DBronze98]

wtf? market is red :/ everithyng is red.

have any idea, what is reason?
or its just (only) Pump - Dump game?

Yes, it's sad to confirm that it's a Pump and Dump game.
I also know that the Bakkt launch failed but that news could not have been the reason for the market's fall.
The reason here is that sharks have begun to observe charts and psychology of traders, when after 3 months of selling alts, trying to push the price of Bitcoin but failed, then it is time for them to dump. .
this is the cycle usually takes place in markets where effort crypto failed to push prices of the shark, and we should get used to it.

[genset88]

wtf? market is red :/ everithyng is red.

have any idea, what is reason?
or its just (only) Pump - Dump game?

Bakkt exchange trading volume is less than 20 BTC. This event was such a hope for crypto, and everybody were praying that it would be successful, but 20 BTC is just a disaster. Nobody knows if crypto is able to recover from such a punch.

The overall drop across the market could be triggered by Bakkt's disappointing launch, the trading platform introduced to the cryptocurrency world a year ago by (ICE). Very few altcoins can survive the storm. Heavy market losses caused bears to enter again. That's not too strange because BTC is already a large part of the market, making it impossible for altcoins to develop unless a new trend returns. We have to expect the recovery of BTC, and I believe that it will not be far.

[ashmodeus]

wtf? market is red :/ everithyng is red.

have any idea, what is reason?
or its just (only) Pump - Dump game?

Yes, it's sad to confirm that it's a Pump and Dump game.
I also know that the Bakkt launch failed but that news could not have been the reason for the market's fall.
The reason here is that sharks have begun to observe charts and psychology of traders, when after 3 months of selling alts, trying to push the price of Bitcoin but failed, then it is time for them to dump. .
this is the cycle usually takes place in markets where effort crypto failed to push prices of the shark, and we should get used to it.

Lmao , so what u want to say its pure pump and dump ?
then, what do you mean 3 monthly cycles?
Did u think people just stupid throw everything after fail to pushing price like u speculation ?
it is baseless thinking.
And also , what a kind of people try to create a super massive money game with dumped almost 50.000.000.000 USD ?

[fullhdpixel]

hm, its nice, i want low price ))

becouse, i want more BTC with my miners, becouse i have zero cost of electricity. and when price going down - my BTC earning is growing ))

i will HODL my BTCs to 2022 year. i want MINE more and more BTC before healving <3


go go - dump <3

Lol, that 2022, are you sure that is not the dumping year because you know that once we have a year of bull run, we will always get a corresponding year of bear market again, you know when the last bull run ended, and how long it took the bears to rule the market which was almost 2 years.

This time around, many of us expect the bull run to come in 2020, which means we may be having another year of bear market as from 2021 to run all through 2020 and I am sure that you would not want to be in this position again, so we have to be very smart, once we have bull run, it is better than you remove your investment coin and then wait for another bear market to come in again. Well, it is all speculation anyway as nobody knows exactly what year it will be for the bull and for the bears.

[Endikadija]

wtf? market is red :/ everithyng is red.

have any idea, what is reason?
or its just (only) Pump - Dump game?

Bakkt exchange trading volume is less than 20 BTC. This event was such a hope for crypto, and everybody were praying that it would be successful, but 20 BTC is just a disaster. Nobody knows if crypto is able to recover from such a punch.

The overall drop across the market could be triggered by Bakkt's disappointing launch, the trading platform introduced to the cryptocurrency world a year ago by (ICE). Very few altcoins can survive the storm. Heavy market losses caused bears to enter again. That's not too strange because BTC is already a large part of the market, making it impossible for altcoins to develop unless a new trend returns. We have to expect the recovery of BTC, and I believe that it will not be far.

The recovery of bitcoin depends on the next news of bitcoin. Remember this the result of BAKKT has already made so many people feel disappointed but that's their fault to put a lot of expectation for BAKKT while we know even SEC never try to take bitcoin ETF .

Bitcoin will be recovering again when these speculators already woke up from their sleep due to the BAKKT.
A few altcoins can survive against the bear trend caused by BAKKT.

[VeeTeaSee]

i think that looking for reasons is the biggest waste of time
you can never know the real reason
 

[BartS]

wtf? market is red :/ everithyng is red.

have any idea, what is reason?
or its just (only) Pump - Dump game?

People seem to want to find reasons for what it is happening and most of the time the most simple of the explanations is the correct one, what is happening is extremely simple the market has not been moving up for weeks and some investors got tired of being invested in an asset that was not giving them profits so they sold their coins, this pushed the price down and suddenly many stops were hit, this created a feedback loop in which everyone began selling and then the price crashed.

[bileq]

i am not pretty sure what going on about a few days ago.
but , i have a little speculation, probably because
1.BTC hashrate suddenly unhealthy
2.launch of BAKKT make some sentiment to market.
3.about SEC opinion to Bitcoin ETF which is still unclear

or all of them , because for some reason ,all of that,happened before BTC going drop.

thanks for compilation. i think hashrate drops more possible. other possibilities just specs and especially etf talkings continued while 2 years ago