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The market is crashing. Who knows why? - Printable Version

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+--- Thread: The market is crashing. Who knows why? (/thread-908.html)

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The market is crashing. Who knows why? - Carsten - 2018-09-05

Every coin is down.

MinexCoin -20%
Bitcoin -5%
Ethereum - 10%
IOTA - 12%

Nobody seems to know why yet. Anyone?


RE: The market is crashing. Who knows why? - Hugues - 2018-09-05

(2018-09-05, 03:46 PM)Carsten Wrote: Every coin is down.

MinexCoin -20%
Bitcoin -5%
Ethereum - 10%
IOTA - 12%

Nobody seems to know why yet. Anyone?

https://www.ccn.com/goldman-sachs-is-abandoning-plans-for-a-bitcoin-trading-desk-for-now/
Or maybe the calm before the storm (bull race)


RE: The market is crashing. Who knows why? - Carsten - 2018-09-05

Maybe that's it. Maybe we get the full story tomorrow.


RE: The market is crashing. Who knows why? - Hugues - 2018-09-06

(2018-09-05, 08:12 PM)Carsten Wrote: Maybe that's it. Maybe we get the full story tomorrow.

Only insiders can see and predict. Sadly enough we are no insiders.

https://ambcrypto.com/bitcoin-btc-crashes-to-6400-as-shorts-climb-towards-all-time-high/

https://usethebitcoin.com/bitcoin-btc-price-crashes-as-goldman-ditches-trading-desk/

https://dailyhodl.com/2018/09/05/nsfw-price-analysis-bitcoin-btc-flash-crash-called-by-shill-gates-with-incredible-accuracy/


RE: The market is crashing. Who knows why? - Carsten - 2018-09-06

...I bet Goldman Sachs will be buying crypto during the next week and the price will slowly move to $10000 for bitcoin


RE: The market is crashing. Who knows why? - Hugues - 2018-09-06

(2018-09-06, 07:54 AM)Carsten Wrote: ...I bet Goldman Sachs will be buying crypto during the next week and the price will slowly move to $10000 for bitcoin

Of Course they will. Possible they came with this press release Just for that reason. Not good for SEC.


RE: The market is crashing. Who knows why? - Carsten - 2018-09-06

I bought a lot of ETH and cardano today.

Some of the ETH will be used to buy IOTA


RE: The market is crashing. Who knows why? - Hugues - 2018-09-06

(2018-09-06, 02:27 PM)Carsten Wrote: I bought a lot of ETH and cardano today.

Some of the ETH will be used to buy IOTA

That's the spirit. Don't follow the crowd. Let's see the opportunities.


RE: The market is crashing. Who knows why? - Hugues - 2018-09-06

You want to know why?

Possible Reasons including but not limited to:

1. Silk Road Wallet Sell-Off. 
2. Goldman Sachs Suspending Trading Desk Plans. 
3. 200,000 ETH sold on Bitfinex and 70,000 ETH sold by Digix Global. 
4. CNBC Prediction Jinx. 
5. Coordinated Sell-Off by the "Crypto Whales" (including Media).
6. Some technical analyst may say it is a natural occurrence in financial market, but 20% drop in value within an hour seems pretty crazy without any actual news?





RE: The market is crashing. Who knows why? - Carsten - 2018-09-06

(2018-09-06, 04:43 PM)Hugues Wrote:
(2018-09-06, 02:27 PM)Carsten Wrote: I bought a lot of ETH and cardano today.

Some of the ETH will be used to buy IOTA

That's the spirit. Don't follow the crowd. Let's see the opportunities.

Yep...it was a good buy. A bit up already, but of course there is a long way still. I'm happy I got much more Cardano, some IOTA and some Eth.