Quote from: jtipt on March 09, 2018, 03:33:33 AM

Quote from: magneto on March 08, 2018, 07:06:59 AM

Quote from: suzane18 on March 08, 2018, 04:08:44 AM

Is it due to new SEC Rules passed for Excahnges or are there other reasons attached to this fall?
Any idea when should one start investing more and when can we see an upward spike?

So apparently there was this issue with phishing on binance which caused people to sell or buy tokens that they would not otherwise have bought voluntarily. And that caused a panic on the markets because people suspected that binance was compromised at that point.

Why aren't people over that yet? It was some trading bot AFAIK which caused that and since then binance reversed the trades and are saying that other than api key nothing is compromised. Seriously can one mishap of one exchange cause this level of dip in bitcoin?

Because there are also other factors, it's not just binance.

But at the end of the day it's because people love to panic sell in these situations. When you see a sea of red on every single 24h movement of every crypto, including bitcoin, you're definitely tempted to sell. And the news with SEC actually haven't affected any exchange in the US as far as I know, people are just trying to predict the future without any consideration.

Prices are stabilising at around $8.8-9k and has been there for a few hours now.

It MAY go down a bit more before starting to consolidate at its bottom, but the bottom is close for this one for sure.