Bizarre crash! What cause bitcoin crash??

[illusion_ishita]

Its second major crash in 3 days going below $7000. What you guys think what cause bitcoin crash because i think uncertainty  of market makes bitcoin crash. I think many of investors should holding there coins and hoping for the best because bitcoin is a fighter and somehow manage to came back at number 1. What you guys thinking about this?

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[AjithBtc]

Its second major crash in 3 days going below $7000. What you guys think what cause bitcoin crash because i think uncertainty  of market makes bitcoin crash. I think many of investors should holding there coins and hoping for the best because bitcoin is a fighter and somehow manage to came back at number 1. What you guys thinking about this?

I don't get what you try to say, because bitcoin always stays at the top. With the present market or with something more potential it is not an easy thing to overcome bitcoin. This is not a bizarre or a major crash, when there is drastic fall in value it is predicted to reach much low. Now the market has gained good resistance to keep up the price without falling deep.

You've made close to 400 posts, but hasn't received any merits yet. As a small reward of appreciation and efforts from your side I wish to give you what I can.

[pooya87]

after price reached $10k exactly a month ago and couldn't break it completely and continue the rise, the trend was reversed. but as price came down back to $8k levels to consolidate and reverse back up, a panic sell started with a big dump on 22th which is probably manipulation that caused the big crash you are talking about that day.
then after 3 days of down trend and panic sells price reached a bottom where there were no more sells left so it reversed and now it is coming back up for about 2 days now.

[CryptoBry]

Its second major crash in 3 days going below $7000. What you guys think what cause bitcoin crash because i think uncertainty  of market makes bitcoin crash. I think many of investors should holding there coins and hoping for the best because bitcoin is a fighter and somehow manage to came back at number 1. What you guys thinking about this?

I am surprised that you seem shocked with this latest market development of Bitcoin. For many times, Bitcoin's volatility roared its head and that is what we are experiencing right now. In many cases, the real and possible reasons will only surface after the said big dip when analysts can have all the time of their lives dissecting and explaining the details why there had been such a severe "crash" experienced by Bitcoin. Bitcoin has had been this way for many years now and I am also sure that this is not going to be the last. In an open market such as what we have now, people can easily be led to "oblivion" and manipulated to panic and sell their Bitcoin holdings pushing the market further down. And people can listen to just any possible bad news and react negatively, thus instead of holding they might add to the sell pressure of the asset.  However, we should not worry that much because Bitcoin will soon be going up.

[Artemis3]

Its second major crash in 3 days going below $7000. What you guys think what cause bitcoin crash because i think uncertainty  of market makes bitcoin crash. I think many of investors should holding there coins and hoping for the best because bitcoin is a fighter and somehow manage to came back at number 1. What you guys thinking about this?

A little price fluctuation isn't a "crash", stop using that word every time you see the price go down a bit. Crash is not a word you use when you see today a price lower than yesterday, price is reserved for "steep double digit" loses, such as a 90% loss...

It is even more ridiculous that you use the word "major", implying there is also a "minor" crash.

https://en.wikipedia.org/wiki/Market_crash

TL;DR: crash != down.

Also bitcoin remains #1 in all situations, since most altcoins move with it, while the opposite is not true.

[Kemarit]

Its second major crash in 3 days going below $7000. What you guys think what cause bitcoin crash because i think uncertainty  of market makes bitcoin crash. I think many of investors should holding there coins and hoping for the best because bitcoin is a fighter and somehow manage to came back at number 1. What you guys thinking about this?

Yes, it did crashed below $7000 in the last 3 days but it soon bounce back to $7300 as of the moment? Maybe the second crash was simply speculators taking profits and then buying back again that push the the price again. Of course we wanted people to just HODL, but this is a free market, everyone can do anything with their Bitcoin and as long as someone is making profits, you can't stop them by selling-off. And as per cmc, we are almost in the 10% increased in the last 24 hours. Good? not sure, we might see some short here, so just prepare for the worst.

[Ferris419]

What do you mean by saying "come back at number 1? " Bitcoin always was number one and it will remain at that position till the crypto ends! The crypto market has volatility nature, so sometimes the price goes up or down! Though I am not sure why this time Bitcoin price crashed but it already started recovering. And yes, holds the best decision in this situation but whoever can buy they should buy bitcoin right now, otherwise we won't get this cheaper price again before the Bitcoin halving!

[jakelyson]

I think that we should buckle up because we might see more of this crash as we near halving. The price dropping at this level means it is cheaper to accumulate bitcoin in anticipation of the price hike after the halving. A little dump and pump mean more bitcoin for the manipulators.


Bitcoin is still and always #1.

[piebeyb]

Its second major crash in 3 days going below $7000. What you guys think what cause bitcoin crash because i think uncertainty  of market makes bitcoin crash. I think many of investors should holding there coins and hoping for the best because bitcoin is a fighter and somehow manage to came back at number 1. What you guys thinking about this?

not only because of market uncertainty, we need to realize things like this are common where bitcoin prices can go down at any time because it is in a downward trend as well as up, so what should be questioned and what should make people panic, whenever bitcoin it will still be number 1 because there is no bitcoin then there is no other altcoin, many people expect big predictions of bitcoin in 2020 while I say the peak is in 2021, running in the next 2 years slowly but surely, realizing bitcoin crashes the chance everyone buys it cheap when this

[Eugenar]

What do you mean by saying "come back at number 1? " Bitcoin always was number one and it will remain at that position till the crypto ends! The crypto market has volatility nature, so sometimes the price goes up or down! Though I am not sure why this time Bitcoin price crashed but it already started recovering. And yes, holds the best decision in this situation but whoever can buy they should buy bitcoin right now, otherwise we won't get this cheaper price again before the Bitcoin halving!

Basically the top-ranking only depends on the market price and market capitalization that bitcoin has in the market. It doesn't fit all the characteristics of the best cryptocurrency should be. But I see, bitcoin right now is in a declining move, and the support is between 4-5k dollars. If we could see it breaks the support, then further decline will follow. But at this moment it keeps on having a positive market graph now, so we shouldn't worry too much about it.

[AGD]

I called Satoshi to drop the price, so that I can buy a few more. Thx Satoshi.

[blckhawk]

Mainly because of manipulators taking advantage of the recent news about China imposing more restrictions on cryptocurrency. It wouldn't crash that great if there were no whales manipulating and spreading FUD and FOMO in the investors. See that it would come to a reversal and soon, investors would buy in and negative pressure on the prices would immediately fade since there's no real threat to Bitcoin.

[MURONDI]

the rise and fall of bitcoin prices is common, why you look surprised like never traded, bitcoin prices were once in the range of $ 5,000, $ 3000, even under $ 1000. and that is a normal thing in trading.

[bounceback]

Its second major crash in 3 days going below $7000. What you guys think what cause bitcoin crash because i think uncertainty  of market makes bitcoin crash. I think many of investors should holding there coins and hoping for the best because bitcoin is a fighter and somehow manage to came back at number 1. What you guys thinking about this?

In my opinion this is not an accident and you don't need to worry about strange things when the price of bitcoin goes down because this is one of the properties and habits of bitcoin that fluctuates, after bitcoin goes down like the last few days, and it is also very possible that the price of bitcoin will soon rise to $ 10 thousand.

I think now bitcoin remains the king of other altcoins even though prices are now declining because bitcoins greatly affect the prices of all altcoins.

[hello_good_sir]

Its second major crash in 3 days going below $7000. What you guys think what cause bitcoin crash because i think uncertainty  of market makes bitcoin crash. I think many of investors should holding there coins and hoping for the best because bitcoin is a fighter and somehow manage to came back at number 1. What you guys thinking about this?

It's not that big of an issue, and with the price being in such a tight spot right now, dropping 200 dollars is only 200 dollars, and just because those 200 dollars put it below the 7k threshold, doesn't mean it's a big issue.

I'm still going to put some of the blame on China, I reckon they are very influential when it comes to the price of BTC, and the recent price movements can easily be done by some Chinese whales + the usual dip in price during the end of the year.

[seleme]

BTC was always number one on the cryptocurrency list, the total market cap is the determinant, no need to check the daily price for knowing this. After several broken attempts, BTC price failed to cross the $9000 resistance line on the chart. The news from China was the excuse of market pricing below the $7000 but I think price recovery will take the Bitcoin to the prices above $8000 again.

[BrewMaster]

the only bizarre thing that i see here is your being about 1 week late to talk about the "crash" that has already happened and ended and we are already in the recovery mode.
not to mention that there are dozens of topics already talking about the crash starting when it actually happened.

[panganib999]

It is the number one. No altcoin comes close to BTC as a crypto. Its not really a crash anymore, BTC price has stayed at around 7k by almost a week now with no signs of comeback to 8k. The crash already happened when BTC dropped down to 6.5k but the bulls resisted and brought it back to 7.2k. Its a fight from now on whether BTC would continue to drop to 6k with Bears bringing the momentum back or bulls retaining the momentum and charging for 8k once again.

[darkangel11]

Think of it like a crowd in panic. It takes one big push to make people run. You have to detonate a bomb or shoot a weapon and they all start running like crazy. People see them running and join up thinking there's something going on so they better not get left behind, but as they run more and more people start looking back and seeing there's nobody behind them. These people begin to slow down and finally stop.

The market is exactly the same. One whale sells and the rest follows not knowing the news but thinking "maybe those who sold know something" and then as they go more and more people read about FUD, manipulation, think about the fundamentals that have not changed. A month ago you were paying 9k for Bitcoin and now you are selling for 6? Why? Nothing happened!

This is the answer you were looking for. What caused the crash? TA at first (hard rejection at 10k), followed by a dump to 7,4k by some big whales. Everything below 7k were laggers. People who woke up one morning and saw they're down 2k USD on their coins since 2 days ago, panicked and sold without trying to understand what's going on.

[Hamphser]

The only reason it crashed is because of the panic sellers though it is just a temporary decline. You shouldn't have to waste your time expecting a reason why the market drop. Why don't you just buy during this dip since the price is a little cheaper back then. Stop believing those news saying it's because of this country, that person said this and that. It's useless not unless some whales really dump quite a lot of his bitcoin.