Quote from: Kemarit on October 03, 2018, 09:12:34 AM

Quote from: Chom_ on October 02, 2018, 10:11:48 AM

hi bro, how are you all hopefully we are all under God's protection, here i want to hear your opinion all about the decline in crypto prices in 2018, of course i also have an opinion about the decline in BTC prices especially, why in 2018 is the price of BTC decreasing I think that because of the increase in the number of BTC holding communities, and of course many new holders bought BTC in early 2018, because it is still new, of course they are panic about the decline in their assets, because of their panic selling low BTC prices, and in here I want to hear your opinion about this. thank you for all in this forum, hopefully healthy always

Its really hard to explain what really causes the decline o bitcoin. Its really a combination of factors like regulations and countries cracking down on bitcoin or price manipulation itself.

actually, i think it's quite easy to explain. the hype finally dried up so buyers disappeared. the bubble popped. or if you don't like the term "bubble" we can call it a "blow-off top":

Quote

A blow-off top is a chart pattern that indicates a steep and rapid increase in a security's price and trading volume followed by a steep and rapid drop in price and volume.

sounds like late 2017 right?

bitcoin isn't the only asset that trades like this. any kind of exuberant rise like the 2017 run will usually have a steep decline afterwards. once the top is obviously in, everybody runs to the exits at once, and there isn't liquidity for them all. hence the crash.

after that, all the underwater investors sell into every bounce. markets take time to recover from massive range expansion like we saw last year.