What's causing the crash? serious

Because of the free market. Bitcoin has reached ATH. It was just a matter of time.

Wouldn't this be the worse time to sell off then?

Btrash because crypto Jesus Ver has such a small dick he'd rather blow up the entire market than accept noone wanted his chink coin

Cashies thought if they destroyed bitcoin all the money would flow into their shitcoin. They were mistaken.

Is that Blood in blood out?

BZC's platform is finished, it's like one of the only 20 crypto's that has a finished platform.
Go buy your "We promise it'll be done by 2025" coin.

It's definitely new. The tax code CLARIFIES THAT YOU HAVE TO PAY MORE TAXES IN 2018 IF YOU TRADE AFTER JAN 1ST.

thanks for this

No money needed. Core tears will nourish us

...

This is fukt, 285k unconfirmed transactions
Is it the cashies attacking the network? They're spreading the fud to make cash look more viable

Have we reached the floor? Looks like it's calming down

yea

Private centralized banking cartels gobbling up assets en masses hedging against things and tech they ignored as “not real”, as if the gold standard were still real. There hasn’t been a gold backed economy in generations and now the “ahem” people in charge woke up and have been buying the most promising crypto en masse as a hedge- Canada sold all gold reserves for fiat last year, as an example. Memes aside, this is the hand rubbing and time borrow beg and steal- there are 2-3 cryptos here that will be bigger than apple or google, but which one? You see, I took a poor-performance portfolio out of fiat a year ago seeing/hearing (from Veeky Forums, truly) and dumped it all in BTC on a lark. I took those, then started getting frantic with expectations and now normiebase and the US is saying “okay kids, settle down, time for bed”. But they’ve already bought billions. All those huge manipulative sell walls? Whales? Not Asian rich lambo drivers, picture Jake from State Farm with a security clearance. Try me. I know. Buy anything you’d like, but calculate your risk now.

No its bcore bagholders trying to cash out.
This ensures BTC will never get back up since everybody now knows what a shitstain of a coin BTC is

Flippening is real

...

Very interesting thanks for that.

Best part? No one knows how Blockchain works. The president has been eyeballing crypto for years. Its a mad shitshow in DC, and good. This will usher in change from fat weakness.

Supply > Demand

>cnbc.com/2017/12/22/bitcoin-china-singapore-japan-issue-cryptocurrency-warnings.html
translation:
>"oh, no. they're acquiring coin, but NOT THROUGH OUR FIAT DEBT-BASED SYSTEM"
>"TERRORISTS, PEDOPHILES, TAXES, ILLEGAL, RIGHT WING, BUBBLE, CRASH, DOT-COM, FAMILY, CHILDREN, CRASH CRASH CRASH"
>"QUICK, SOMEONE GET ME THE POLITICIZED BUZZWORD THESAURUS"

can't wait until they go full-on retard and try to ban and crypto turns into a para-political/para-economical nightmare for those idiots...
an alternative, truly untrackable, decentralized internet with an economy run on privacy coins...

that's what i'm waiting for and that's what they're essentially manifesting with the kind of reaction the mainstream gives to it...

>Media outlets discover BTCs gains from $1k to $5k
>Starts shilling non-stop about how BTC could be worth $50k by years end, and $100k within one year
>Normies take the bait. Thousands of them take up loans
>BTC reaches $20k and meets hard resistance
>Same media outlets does a 180 and starts FUD'ing hard about BTC bubble
>The weakest hands begins dumping, which only validates the medias claims
>More weak hands begins dumping
>And on and on and on

It becomes a self-fulfilling prophecy. Blame the fucking media.

Governments worldwide (actually the Rothschilds, Rockefellers, et al) in charge of the federal reserve (not run by the government by the way kids, it’s a Mom/pop shop) are responsible for your loss. And they don’t care. They have so much fucking equity that they manipulate our government structure and they do this worldwide. Hard to fathom, me too. Don’t link YouTube videos. Go to a library and devote a single workday (that’s 8 hours ) to seeking knowledge about this. Since the depression money and interest rates are under control of private people, not governments and why??!!! Go find me a single country not under control of the “centralized” banking system. Give me the name of that country. There is one. It is struggling.

Hope you wore your tinfoil when you posted that

He's not wrong though.

Cashies

This, organized pump and dump scheme to a legit technology, child's play when you have literally trillions to move around. The gigantic move up to 16k basically happened in a 24hr period, oh must've been gramps and chad getting in the market.

No. They fucked the regular "asshole boomers" once again out of their money after it got huge. Most boomers got fucked in 2008 as well, this is organized destruction of "old people's" life savings. I don't love boomers but they don't deserve to be constantly fucked out of their money.
Meanwhile the rich just got richer plus a few thousand lucky millenials.
Shills are everywhere in here telling you it's great that people got robbed.

BUT WHAT COIN WILL BE THE NEXT GOOGLE!!! SHILL ME user!!!

Its easier if you just say 'its the jews'

Tax man is going to get btfo by decentralized exchanges and monero.

Weak-handed N O R M I E S

gtfo out of here with your economics and reason

WELL FOR FUCKS SAKE LOOK AT THE CHARTS FROM 10K TO 20K WITHOUT REAL CORRECTIONS THIS IS A HEALTHY CORRECTION WE NEEDED WE WILL BE 30K IN A MONTH

Cashers are literally the U.S. Republican party

Fuck off back to R*ddit

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1. Whales are taking profit and pulling funds out

2.Normies are pulling funds for christmas shopping.

3. The market is BREATHING and compensating for extreme growth in such a short period of time
.
4. The normie herd, sees all of this and freaks the fuck out,.

5. Non-normies see the herd freaking the fuck out and freak the fuck out.

Crypto isnt going anywhere unless the govt cracks down on it completely or there is something significantly wrong with the tech behind it. Right now, NEITHER IS THE CASE.

bitcoin is slow right now but it can be fixed, not to mention there are altcoins that dont suffer from those same problems. if you pull out now, you dont deserve to moon.

>The normie herd, sees all of this and freaks the fuck out,.
these crashes is the only way i feel safe nowadays. When the market is up i can't sleep

What are the coins that aren't IOTA and XMR?

me too, last month was just too weird, no way to get in such craziness. I'm ok to lose on "madz gainz" if the market isn't in a healthy growth phase

Bitcoin Cash.

Cashing out for Christmas~
Oh I'm cashing out for Christmaaas~

verge, lisk

this is a shit argument
whenever someone sells, someone else buys

So normies are selling at a loss to buy xmas gifts?

i don' think that's the main factor at all. Sure it's adding a bit, but we wouldn't see such a drastic change in total marketcap if it was just because of the new taxes. the new tax law should imply huge volume because everyone would be setting up for 2018 with a drop out of bot traders. This is normal - people getting their shit straight for the end of the year.

You have to think logically about what illogical people will do.

>Muh Gains!!

North Korea

Just declare the overall bitcoin value of your portfolio and say you were always holding. Turn everything into bitcoin when you cash out and pay taxes only on that.