Quote from: Stedsm on August 17, 2018, 01:21:50 PM

Quote from: hidden_legend on August 17, 2018, 12:33:10 PM

Hi Friends,
What are the reason behind Bitcoin and whole crypto market fall.
Is this SCAMS or SPECULATIONS???

Neither scam nor speculation, I believe that after ETFs are approved (ever), Bitcoins will be dominating the whole market at an extremely out-of-reach level which none of the alts might be able to achieve. The reason for Bitcoins' fall was, Bitcoin grew so gradually last year (literally without any reason, but it was all the speed of patience that was held for years before that spike). Considering my analysis over Bitcoins, I can say that every time Bitcoin spiked, it used to come back down to levels that were at least 1/4^th or 1/5^th, I think Bitcoin has already reached its bottom this year and it should carry the rally from now on by taking over the markets with great events coming one by one.

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Few days back I read news about a big Bitcoin scam busted in Gujarat state of India.Its approximately $314B( INR 22000 Crore).
Also every day news came from different parts of world about same kind of scams.Are these scams also responsible for crypto market fall and halt growth of this new technology???

I believe this might be true in a case if those scammers were (ever) able to DUMP Bitcoins over markets.
If things are busted, I believe that their effects would also get over sooner, because everything is clear and Bitcoins are (maybe) under the possession of authorities from that point of time because they might auction those coins or may never let us us, which may then be considered as burnt coins as they won't be coming to the markets as the country (India) is not in favor of crypto (not at least currently).

I don't count in the ETF ever passing. The only hope is that the tight relationship between the Chicago Board Options Exchange and the SEC will be able to create a climate of understanding between parties involved instead of having a bureaucratic war in which some want it done but others think it's a scam and BTC should be banned outright immediately 8We already had such views in the previous hearing).

Bitcoin can go to ATH without an ETF. We really don't need it. Altcoins are a non issue because none have solved the byzantine generals problem in a way that can outdo the security of the Bitcoin network, so there is no reason to fear flippenings of any kind.

The only thing you can do is keep stacking and wait for the rest of the market to align within the new reality, being that Bitcoin will not go anywhere, and your wealth will be increasingly at risk outside of it.

At some point owning 0 BTC will have more risks than owning 1 BTC, and I believe we have already reached that point of inflection for a while, the rest of the world just need to realize this fact, then we'll be at $100k+ in no time.