Thinking about what caused the flash crash?

[Similificator]

It sure has been a wild couple of days for the market due to this news that most of the people don't even bother confirming since aside from the newbies, most of the veterans would rather ride on the rumors that are big rather than stress out on the small details. Well, at least the movement of the market is getting better slowly and still looking bullish. On a side note though, seeing all the screenshots on my social media feeds showing their gains, the swing traders must have been having a great time during the recovery days up to now, lol.

[Pejoh Asu]

Pump and crash is common in bitcoin, the first time I knew about bitcoin was in 2014 when the price dropped significantly from over $ 1000 to below $ 200 and many experts on tv predicted that bitcoin would soon perish, especially when the Chinese government continued to tighten restrictions bitcoin because bitcoin users and miners at that time were china.

[Mate2237]

Bitcoin price is unstable and nobody can tell what happens in any of the angles (when going up and coming
 down). Therefore, when trading they should to.e themselves to stop the trade mostly when the trade is on the minute sign to avoid lost. Some traders are greedy that even when the symbol is showing the red line they would still keep and thinking that it will go up again. And in that process every coin in the trade will be wipe out. They have to know when bitcoin is coming is very speedy and it is very slow to climb up to the position you want it to be.

[taufik123]

Pump and crash is common in bitcoin, the first time I knew about bitcoin was in 2014 when the price dropped significantly from over $ 1000 to below $ 200 and many experts on tv predicted that bitcoin would soon perish, especially when the Chinese government continued to tighten restrictions bitcoin because bitcoin users and miners at that time were china.

Pump and crash have become a normal cycle. $1000 down to $200 is nothing compared to the highest ATH time at the end of 2017 which reached $19k and then crashed to $3k at the end of 2018.

This is also because a lot of FUD has sprung up to corner Bitcoin, especially the Chinese government which banned Bitcoin completely.

But we can see it now when prices continue to be pressured to go down and FUD is widely spread, Bitcoin continues to print new ATH again.
As of this moment, the price of Bitcoin fell more than 70% from the last ATH and this indicates that there will be another increase and Bitcoin can reach a new ATH when the halving moment occurs.

The crash moment means Bitcoin will reach its peak again, becoming the best opportunity to continue to accumulate Bitcoin at this time and hold it until the new ATH is reached.

[STT]

I still remember China banning BTC in autumn of 2017 wasnt it.  Of course they would, options are not what citizens should have and they already operate capital controls on the usage of their own currency and its ability to be used outside the country.  I believe the only place they are a bit more lax is in Macau where its gambling but this too is monitored and restricted no doubt some are censured for any kind of attempt to arbitrage differences in prices related to forex etc.
    BTC is still used in China, but officially not like alot of rules they have theres an official and an actual reality to it all.    The lesson for future moves relevant worldwide is why do they feel the need to ban BTC and this was bullish and in 2017 thats why the sell was followed by an even bigger buy and continued gains.  I think thats a wider rule because for example with rising interest rates, its actually relating to very loose monetary control the currency is weakening hence the rates rising can be a bullish event for a few different prices such as gold, commodities and BTC also it would appear.  Thats going to happen a few more times, Mt. Gox or anything similar isnt a good reason to sell longer term

[Paul Pogba]

Bitcoin is a digital asset that is easily affected by anything, at this time the world is easy for us to know with social media, when bad news occurs it will make investors afraid and sell, especially when selling is still in a profit condition so they don't hesitate anymore to sell. when more and more are selling it will make price pressure continue to occur.

[Wong Gendheng]

I think the most role in making Bitcoin Crash prices is FUDS that is spread on the internet, now everyone is connected to the internet and social media is the best place to spread FUDS, even Top influencers often spread FUDS so that the market often crash.