Is this why Bitcoin is crashing?

[TriplexXx]

Could be one of that reason but for me its clearly a price manipulation at big levels in order to gather a lot more bitcoins from those who don't want to sell it so a panic dump would make them think again. What we see right now is a panic sell from most of the traders and holders and I bet the whales are so happy with the effect of this dump who is not gonna end until the end of the month. Also the conference with Libra's project can be a reason too...because it represent a problem for the monetary system and banks system and they are all against cryptocurrencies ... ( at least his is what I'm hearing in the live video ) .

The fact is that for the whole of October in the media a lot of negative information appeared regarding certain cryptocurrencies and new projects, which very poorly affect the pricing of even the most promising coins.  I agree with your opinion that this situation was provoked specially so that big Whales and speculators profit from the panic mood of cryptocurrency users.  I am quite sure that by the end of the year we will have the best indicators in the market and the current situation should be corrected within a few weeks.

The bitcoin price is crashing because there are many things going on within the cryptocurrency ecosystem from the Bakkt launch dump to the Facebook Libra effect. During the months of April to July, many people bought bitcoins thinking the bitcoin price will get to new ATH because of the Libra coin and Bakkt launch. with all that gone here comes the dumping part, these are what is crashing the market right now.    

[jarhed]

Could be one of that reason but for me its clearly a price manipulation at big levels in order to gather a lot more bitcoins from those who don't want to sell it so a panic dump would make them think again. What we see right now is a panic sell from most of the traders and holders and I bet the whales are so happy with the effect of this dump who is not gonna end until the end of the month. Also the conference with Libra's project can be a reason too...because it represent a problem for the monetary system and banks system and they are all against cryptocurrencies ... ( at least his is what I'm hearing in the live video ) .

The fact is that for the whole of October in the media a lot of negative information appeared regarding certain cryptocurrencies and new projects, which very poorly affect the pricing of even the most promising coins.  I agree with your opinion that this situation was provoked specially so that big Whales and speculators profit from the panic mood of cryptocurrency users.  I am quite sure that by the end of the year we will have the best indicators in the market and the current situation should be corrected within a few weeks.

Let's hope that by the end of the year, the cryptocurrency market capitalization will be at least $ 300 billion. I don’t understand how the Whales manage to reduce the price of Altcoins in such a way. Will coins really cost almost zero dollars?

[gunhell16]

wow that as 3 reasons why they are or why the bitcoin price is getting the negativity! but to tell you honetly!
We only have one to hold! that is halving and we dont have the right track of price but the exact meaning of we have the man!

[putukin]

Could be one of that reason but for me its clearly a price manipulation at big levels in order to gather a lot more bitcoins from those who don't want to sell it so a panic dump would make them think again. What we see right now is a panic sell from most of the traders and holders and I bet the whales are so happy with the effect of this dump who is not gonna end until the end of the month. Also the conference with Libra's project can be a reason too...because it represent a problem for the monetary system and banks system and they are all against cryptocurrencies ... ( at least his is what I'm hearing in the live video ) .

The fact is that for the whole of October in the media a lot of negative information appeared regarding certain cryptocurrencies and new projects, which very poorly affect the pricing of even the most promising coins.  I agree with your opinion that this situation was provoked specially so that big Whales and speculators profit from the panic mood of cryptocurrency users.  I am quite sure that by the end of the year we will have the best indicators in the market and the current situation should be corrected within a few weeks.

The bitcoin price is crashing because there are many things going on within the cryptocurrency ecosystem from the Bakkt launch dump to the Facebook Libra effect. During the months of April to July, many people bought bitcoins thinking the bitcoin price will get to new ATH because of the Libra coin and Bakkt launch. with all that gone here comes the dumping part, these are what is crashing the market right now.    

Trust me, the market will not collapse just because Libra and Bakkt created Bitcoin's bumping. There is such a group of people called Whales who will not allow the collapse of the crypto market regardless of BTC ecosystem failures. Now the bear market is approaching and it’s OK, I’m sure that people will continue to buy Bitcoin further.

I am interested in your opinion on the launch of TON and how will this affect Bitcoin?

[jarhed]

Bitcoin drops in price because it is a fairly expensive cryptocurrency asset. If you compare directly with other coins that go below the TOP-20, then for a small number of Bitcoins you can buy almost all of them.

[Ayiranorea]

Today the price has crashed low to $7500, this is something unexpected as the market have gained good momentum at $8000. There is no perfect reason behind the price crash. Whenever there is price crash, it gets attributed with something happening parallel to the same. This time some controversy is happening with Facebook and its libra.

[teosanru]

Today the price has crashed low to $7500, this is something unexpected as the market have gained good momentum at $8000. There is no perfect reason behind the price crash. Whenever there is price crash, it gets attributed with something happening parallel to the same. This time some controversy is happening with Facebook and its libra.

It's normal price crashes and pump I think we must have gotten used to such things because these have become too usual in cryptocurrencies. I think just like there are no major reasons of pump same is the case with dumps. The charts look hilarious as we have just experienced a death crossover which means 50 day moving average has intersected 200 day Moving Average from above this is a pretty bearish sign and I think this is just beginning of a huge downfall which could follow.

[Ashong Salonga]

The is no enough and satisfying reason why bitcoin is crashing; no one can really explain why it is falling. Thus, there are only different assumptions why. One of the assumptions is because of people who keep on saying it is scam; this affects the perception of others; this tends to not to buy it at all.

[GreatArkansas]

Speaking of Bitcoin is crashing. Recently dump around $8,000 down to almost  below $7,500. I think the reason behind is about the project of Facebook, about their Libra project since it is started to make noise especially on Congress. This recent news is also for sure Bitcoin is affected ; Congress isn’t buying Mark Zuckerberg’s pitch for Libra

[millennium00]

Right now the price of Bitcoin is at $ 7,500 a very important decline, support of $ 8,000 has been lost and perhaps that trend continues, many whales have been making large movements and this tends to affect the price, pessimistic forecasts say that BTC It may fall this year between $ 4,000 or $ 6,000, hopefully it does not happen and the price starts to grow again.

[Flor1982]

If you're not okay with market volatility get out of crypto. It's down because it's part of its natural cycle.

If they do that then they will be added to the numbers of Bitcoin supporter who decide to quit Crypto for good making the people who supported Bitcoin keeps on diminishing therefore instead of pushing them away out of crypto then why not just encourage them to keep on holding as Bitcoin is has been in this situation so many times before but still the market survived.

[GreenStox]

I think there is a lot of bad news that makes investors disappointed with bitcoin and finally they prefer investors to secure their assets because they no longer trust bitcoin, so that the current conditions at the exchange place are falling very badly.

[Zeke_23]

I think there is a lot of bad news that makes investors disappointed with bitcoin and finally they prefer investors to secure their assets because they no longer trust bitcoin, so that the current conditions at the exchange place are falling very badly.

I don't think that investors no longer trust bitcoin, they just secure their assets and I think it is not the main reason.
There's a lot of bad news is coming after another regarding bitcoin and it highly affects the whole market. Investors are still waiting for the right time before they invest or some of them are still not making a move since its price is still very low.

[Murat]

Yor have recognized one of the reasons that are the month of September,  I think you don't any idea what happened in 2017, that was the time also September so it must be the invalid reason, So other two mentioned reasons are also looking silly because you don't expect too much from Bakkt, that platform has launched in recent time I think it's too early to expect from this project, I don't think that Bakkt is responsible for this price falls, I believe that Bitcoin is almost in the track, 8k is not very much a low price if you compare to the current global economic situation. so it doesn't matter at all, Over time, everything will be okay.

[hypersonic1]

There are many reasons we haven;t maintained the summer highs.

The #1 reason would be the non physically delivered futures. They can bet on a low price while not dealing in BTC at all. In essence they are betting the price will go lower while not buying in...which afects our market negatively as we continue to wait for the larger investors to pour money in.

#2 We are cooling off until we ramp up to the halving. The year cycle mayu just be cooling.

#3 random bits of negative news overshadowing the wider adoption. Combine this with bot trading and you get massive sales.

#4 The libra project is an immediate stain on BTC and as long as government officials, regulators and media can they will smear both Libra and Bitcoin.

#5 whales are using every tool in the book to drive the price lower and buy more while also trying to shake of normal people like you and I.

That's all I could think of for now.

[shark1006]

Well, maybe crashing isn't the right word - but it's definitely dropping in price. Here's a cool overview of what's happening:

https://cryptotradernews.com/crypto-trader-pro/what-triggered-the-mighty-bitcoin-fall/

My key takeaways:

• September is typically a bad month
• Baakkt is not doing very well
• It’s worth noting the cryptocurrency is still up about 127% on a year-to-date basis

Thoughts?

It seems to me that growth stimulants just ended this year for Bitcoin. Everyone hoped for Bakkt, but it was not a panacea. Now we need to wait out the bear market and I think everything will be restored around spring, so dont worry and HODL

[Shasha80]

The reason why bitcoin is crashing, there are several factors causing it. Right now bitcoin is priced at $ 7400 and hopefully we
hope not to go down again. I also hope this support point is able to survive and not collapse down again. One of the reasons is
because many bitcoin holders who are frustrated and stressed about this bearish market and then decide cutloss so as not to
lose money, but instead causes other bitcoin holders to panic sell and this makes the domino effect.

[xvids]

Today the price has crashed low to $7500, this is something unexpected as the market have gained good momentum at $8000. There is no perfect reason behind the price crash. Whenever there is price crash, it gets attributed with something happening parallel to the same. This time some controversy is happening with Facebook and its libra.

It's normal price crashes and pump I think we must have gotten used to such things because these have become too usual in cryptocurrencies. I think just like there are no major reasons of pump same is the case with dumps. The charts look hilarious as we have just experienced a death crossover which means 50 day moving average has intersected 200 day Moving Average from above this is a pretty bearish sign and I think this is just beginning of a huge downfall which could follow.

Let's just hope that you're wrong people are now scared of the price ,
But I still believe that it would go back up before this year ends and I think that it would continue to rise because of the 2020 halving.
But who know's maybe it would continue to fall then it would soar high to the moon again.

[vintages]

I think there is a lot of bad news that makes investors disappointed with bitcoin and finally they prefer investors to secure their assets because they no longer trust bitcoin, so that the current conditions at the exchange place are falling very badly.

They first disappoint most Bitcoin investors had came with Bakkt.
Most people held on to their Bitcoin as they expected it to increase in price because of the launch of Bakkt.
However, price went down, a lot where confused. Presently, I think people are selling are panic selling. They lack patience to see what the ending of the year brings.

[ene1980]

Well, maybe crashing isn't the right word - but it's definitely dropping in price. Here's a cool overview of what's happening:
My key takeaways:

• September is typically a bad month

I was waiting for your response after the flash crash today, the same happened in October and the market is struggling to move forward, is it because of the past historical data that the price is going on or is it the natural trend at this time  . Now we do not have any negative news other than the quantum supremacy news and the Libra (Mark Zuckerberg) being scrutinized by the congress .