Bitcoin fell again, what conspiracy?

[quierx16]

I wonder why is this a big deal to everyone, we all know that this market is very sensitive so for me this is normal after hitting a big strike upside the next one is always downside, I see this as opportunity to other traders.

[Mandoy]

There are many conspiracy theories that are really going out from the mouths of people but I say we dont know if those are true. Though we are really on the bearish trend and some would say that the reason was because of groups that wants to destroy bitcoin while some because organizations wanted people to be discouraged in buying bitcoin futures contract at bakkt. We do not know if this is true or not but one thing is that bitcoin will not be destroyed and a market crash is just normal in the market economy. But compared to 2014 bitcoins the recent value is still higher so there is nothing to worry we will still go back up again.

[rebrik7]

I wonder why is this a big deal to everyone, we all know that this market is very sensitive so for me this is normal after hitting a big strike upside the next one is always downside, I see this as opportunity to other traders.

You are absolutely right. But you know, that it is always when price fall or grow, most people begin to cry even those, who has not Bitcoin at all. So it is usual situation, and we shouldn't put a lot of attention on the panic in social media, forums, etc.

[Ris88]

I wonder why is this a big deal to everyone, we all know that this market is very sensitive so for me this is normal after hitting a big strike upside the next one is always downside, I see this as opportunity to other traders.

You are absolutely right. But you know, that it is always when price fall or grow, most people begin to cry even those, who has not Bitcoin at all. So it is usual situation, and we shouldn't put a lot of attention on the panic in social media, forums, etc.

Actually this is a common decline, so I don't see it from most people because they all know that this decline, is the play of all the popes, so we'll see until next month, is there any strength in all markets even though it's sensitive ...

[Tylev]

I like it when people consider normal market behaviour "a conspiracy".
The bitcoin price was staying at 10K USD for too long.It was obvious that there wasn't any support coming from new buyers to push the price up.Everyone was waiting for Bakkt to bring the new bull run,but that didn't happen so everyone is selling.That was explained many times on the forum,but the newbies don't understand it and they keep searching for a conspiracy theory.

This explanation is quite logical. In any case, for the current drop in the price of Bitcoin, one should not look for special reasons, Bitcoin cannot stand still for a long time, it either starts to rise or fall in price. And now I do not think that such a fall will be too long. This may be a normal recession before the next period of good growth in the cryptocurrency market. I still have high expectations for the last quarter of the year.

[Chrystora123]

snip...

dollar trade wars been going on for decades, centuries even, weak economy been going on since 2008... come on atleast try a bit better and stay relevant to this year

how about all those futures options that expired last year, people put into another yearly contract which they are now closing those contracts.(meaning something relevant to the last 12 months)

how about all those hashrate chatter causing people to panic because its not supporting a good bottom floor value line support(2 month floor puts btc at a ~$7k cost to mine).. in short the $10k price was inflated/bubble and not 'good value'

how about people now trying to register with brokers to use things like bakkt instead of buying direct thus less buyers and more sellers on the exchanges.

anyways. if you want to stick to the decade view of causes, here is the best one.
bitcoin has and will always be volatile like a stormy sea. with waves going up and down. dont expect a perpetual tidal wave growing constantly bigger and bigger. dont expect smooth sailing. always expect ups and downs

The reason you gave is true, there are also analysts who say this one that caused the price of Bitcoin to fall in the last few days https://www.coindesk.com/bakkt-is-finally-launching-its-bitcoin-futures-today-heres-what-to-expect.

I wonder why is this a big deal to everyone, we all know that this market is very sensitive so for me this is normal after hitting a big strike upside the next one is always downside, I see this as opportunity to other traders.

I think this worry is natural because everyone has a different level of emotional control.

[kryptqnick]

For two consecutive days, Bitcoins fell late at night. There are many rumors on the Internet, some people say that the exchange joint bankers, institutions, a hanging of retail investors. Others say they are preparing for big organizations to come in one after another. But in any case, retail investors are innocent.

As you said, there are various potential reasons. I don't think it's retail investors, bankers or institutions, though. I got to mention that I am not a conspiracy person, and this might explain why I reject the rumors you've mentioned. I believe it's a combination of factors like natural volatility/correction after a long time of $9k+, Bakkt launch, a big transaction on Bitmex and some other things. Not to mention that these can be considered the primary reasons, but the secondary (in terms of chronological order) reason is almost always panic selling, so it's the community to blame, really.

[pixie85]

When there are no visible reasons people look for conspiracies but maybe there was none?

Bitcoin was slowly falling for months and it was clear that it would fall. The same thing was happening when we were at 6000. We were hitting the floor and going back up to get rejected and after a while we broke down. Some big investors gathered some money and set up shorts at 9000 at the same time dumping over a million dollars in a single transaction to break through the floor and make money. Easy profit.

[darkangel11]

It was expected by some traders and analitycs. The gap at level 8400-8600 should have been closed. Many people spoke about it.
There are no gaps under 8k, however support lines is quiet weak and unstable. If fundamental news will be bad, I think we can dive deeper, below level 8000.

There was no bad fundamental news for months. Last time there was something big happening it was when there was a war between BCH and SV and threats of destroying Bitcoin from Wright if we can even call it fundamental news. It sure scared some people
Fundamentals are strong and I don't see us continuing down the 3000 dollar path of the last bear market. If we don't continue then what? A long consolidation and another breakout in Winter?

[Dread Pirate Roberts]

no wonder anymore. easy come easy go. and it has often happened and usually the price will rise again but do not know when. what many traders might do right now is, continue to buy at low prices and be active on the market chart to avoid losing the opportunity to buy at the lowest price. bitcoin is always like this and many factors are not clear what influences sudden and drastic price changes.

[coin-investor]

For two consecutive days, Bitcoins fell late at night. There are many rumors on the Internet, some people say that the exchange joint bankers, institutions, a hanging of retail investors. Others say they are preparing for big organizations to come in one after another. But in any case, retail investors are innocent.

Honestly, I am at loss on what could be the reason for this drop in the price, but everything is just speculation but it's always been a reminder to me how volatile is the market is, and if you invested what you can afford to lose then you can just sit tight and relax and get on with the thought that things will get better.
There are positives and negatives news hanging around, the best thing that you can do is to read it all as investors you have to live on speculations.

[finzyoj]

Every time btc's price fall it doesn't necessarily mean that there is a big thing behind it. C'mon guys, it's normal. If you think that market seems got a little bit steep downfall recently then it's maybe because of the elite whales, who knows? Don't believe so easily from those rumors/conspiracies/talksh*ts or whatever your term for it simply because their uncertainties — they are not considered as pure facts. Remember that not all of these news (even the good ones of course) could be manifested on the market.

[ardentvolcanoes]

Every time btc's price fall it doesn't necessarily mean that there is a big thing behind it. C'mon guys, it's normal. If you think that market seems got a little bit steep downfall recently then it's maybe because of the elite whales, who knows? Don't believe so easily from those rumors/conspiracies/talksh*ts or whatever your term for it simply because their uncertainties — they are not considered as pure facts. Remember that not all of these news (even the good ones of course) could be manifested on the market.

Same concept when Bitcoin jumped so high there's also uncertain reason behind not because of any news that spread or rumors that being leaked, it must be judge according to how you believe and how will you adopt certain movements, bitcoin cycles and most of the time those who are not ready to suffer are the losers as they can't handle the pressure and lead them to sell out with loses being accepted. Think wider each time you lose your position and make sure to comes up with a much better plan before deciding.

[Deborah Christine]

Bitcoin price movements are very difficult to predict.  There are no definite positive and negative sentiments and can move prices. There is only demand and supply with limited supply.

So naturally there are only investors who can get rich overnight but the next day instead fall into poverty because of freefall prices.

[nicecrypto]

It just feels like every movement in price of btc either up or down some people think there is a reason behind it, I haven't been in crypto for such a long time but am getting use to seeing how the market fluctuates at given intervals, while some are not happy to see this fall in price,  others are happy to take advantage of it.

[Chris Barth]

For two consecutive days, Bitcoins fell late at night. There are many rumors on the Internet, some people say that the exchange joint bankers, institutions, a hanging of retail investors. Others say they are preparing for big organizations to come in one after another. But in any case, retail investors are innocent.

Please get me right; I'm not saying that retail investors are guilty about it. However, I believe that the fall *could be* caused by retail investors.

[Chris Barth]

Bitcoin price movements are very difficult to predict.  There are no definite positive and negative sentiments and can move prices. There is only demand and supply with limited supply.

So naturally there are only investors who can get rich overnight but the next day instead fall into poverty because of freefall prices.

But sometimes, I find bitcoin price predictable. Just that I didn't see this one coming. But I know that a lot of people out there knew it was gonna drop.

[imstillthebest]

It just feels like every movement in price of btc either up or down some people think there is a reason behind it,

yeah thats also what i observed   . not only if the btc value dumps but also when the value of btc pumps , people will always research and make a a new thread about it  .  people are just curios and they want to stalk every moment that happen towards btc , nothing really wrong with that behavior  .

I haven't been in crypto for such a long time but am getting use to seeing how the market fluctuates at given intervals, while some are not happy to see this fall in price,  others are happy to take advantage of it.

really ? with that ability of yours , you can open up a paid service about price prediction or you can just do it for free to help people to avoid doing mistakes  .  not all have the same minds , not all have the same goals  ,  so its normal for one person to complain about the fall while the other person will still complain about how good the fall is  .

[Malsetid]

For two consecutive days, Bitcoins fell late at night. There are many rumors on the Internet, some people say that the exchange joint bankers, institutions, a hanging of retail investors. Others say they are preparing for big organizations to come in one after another. But in any case, retail investors are innocent.

People say a lot when bitcoin drops. And it's a bit tiring to listen to what they have to say this time. Several factors may have caused the recent, i'd say minor, decline. It's happened before for some other reasons as well. But it's a process or a cycle. Everytime btc drops, there's recovery. So i don't worry myself anymore. Conspiracy or not, or whatever. I believe in bitcoin being a tool for the future.

[putukin]

I think one of the causes is the effect of trade war between China and America
and also the global economy is weak

dollar trade wars been going on for decades, centuries even, weak economy been going on since 2008... come on atleast try a bit better and stay relevant to this year

how about all those futures options that expired last year, people put into another yearly contract which they are now closing those contracts.(meaning something relevant to the last 12 months)

how about all those hashrate chatter causing people to panic because its not supporting a good bottom floor value line support(2 month floor puts btc at a ~$7k cost to mine).. in short the $10k price was inflated/bubble and not 'good value'

how about people now trying to register with brokers to use things like bakkt instead of buying direct thus less buyers and more sellers on the exchanges.

anyways. if you want to stick to the decade view of causes, here is the best one.
bitcoin has and will always be volatile like a stormy sea. with waves going up and down. dont expect a perpetual tidal wave growing constantly bigger and bigger. dont expect smooth sailing. always expect ups and downs

All of these factors you said are true. Volatility is the main problem of Bitcoin, so it is okay to see such a fall in a short period of time. The trade war also slightly affected the fall of Bitcoin. But, i have one question: Is this Bitcoin`s drop critical or not? As for me, it seems like the end of the bull market and the beginning of the bear market and Bitcoin will not be able to recover and get undressed to at least 10k now.