There are many speculations about the reasons of this crash. For example, the manipulation of great whale and, or other interest groups. By analyzing the recent news, we can see the timeline of some events are certainly in relevance to, and coincide with the timeline of major changes in marketplace, such as:

On September 5, Bloomberg reported that Goldman Sachs planned to deploy a Bitcoin exchange (Later on September 7th, Goldman Sachs CFO declaimed the truth of the news). Also the global cryptocurrency fraud incidents, manipulations of altcoins and the forecasts by experts and celebrities. In fact, early messages are only declassified to large holders(great whales) for pulling and slapping the market trend before the individual investors receiving the late news after the marketplace has undergone manipulation.

In 2017, 209 ICO projects raised a total of $3.695 billion according to Citicoins, in contrast to 686 ICO projects increasingly raising a total of $17.849 billion (500%) by August 2018. From the data, the amount of funds has indeed achieved a great growth. However, many of those ICOs and projects are worthless, with fraudulent and money-making scam. The scam project parties will eventually quit the market after archiving funding goal, and seriously damage the cryptocurrency ecosystem.

Major issues plaguing the cryptocurrency market are fraud and ICO scams. Of course, there are still some righteous projects that really want to voice out, but they have to overcome the difficulties to prove the values of their tokens through technological explanation and orientation. If ICO continuously to follow the current trajectory, the bubble will burst to extinction and the industry will experience a wide reshuffle.

Regardless, most cryptocurrencies comes from the feasibility of the ultimate goals and practical application. As the earliest cryptocurrency, Bitcoin value has been proven through integrity, fairness (white papers and open source), effectiveness, and the adoption rate. Although Ethereum market performs not so well so far, it is still one of the most successful challengers to Bitcoin. The Ethereum project stimulates the development of the idea of “blockchain-as-service” and provides a platform for constructing new effective tokens - powered by “Ether”.

There are also emerging competitors, such as Litecoin (LTC), which provides many key functional applications associated to Bitcoin and intends to become substitution for Bitcoin. Litecoin officials stated that Litecoin markets had the practical value for legit currency trading and will be driven by its specs of high speed and low cost transaction.

Securities(finance) tokens also emerged in cryptocurrency and has been reportedly played an important role in the market crash triggered on January 2018. These digital securities contracts were sold on December last year and expired on January 2018, and coincided rhythmically with the switching between the bull market and the bear market.

In the past year, there has been a lot of news about securities(finance) tokens, and the government is working with independent project agencies to try to regulate or otherwise prevent risks and fraud to protect financial security issues. Cryptocurrency is a new industry. Innovation always comes with chaos - lack of supervision, and market manipulation. In the environment without regulation, the issues cannot be certainly changed for a while, and they can only wait to prove and improve the value of the industry.

What thoughts do you have in your mind? If you disagree with me, please kindly comment your thoughts.

The anonymous, Satoshi Nakamoto had brought up Bitcoin on 2009 after the financial crisis. The idea of Bitcoin says to seek an pathway bypass finance collapses. Around the end of 2017, Bitcoin price all of a sudden becomes the "BIG" confronting an extreme price $19,000. Later after falling to $10,000 below, Bitcoin has been trended to an questionable affair latterly from public community to national commission - what valuates cryptocurrency?

Truly, the authority seems yet to prepare to approve the value. None of countries so far supports cryptocurrency as in endorsement. In recent, U.S. Securities And Exchange Commission (SEC) delayed the Bitcoin ETF submitted. "The U.S. financial watchdog has yet to approve a cryptocurrency-based ETF," including Bitcoin Cash and Ethereum trading fund, "and in the release Thursday highlights issues with security, market manipulation and investor protection issues." said CNBC market reporter, Kate Rooney.

But cryptocurrency eventually goes further. By the middle of this year, the president of Russia Vladimir Putin has conducted to legalize cryptocurrency trading before 2019 in his annual plan. Meanwhile, Venezuela officials has launched cryptocurrency valuated to the national owned petrol, and Turkey is very possible to find a way out from economic issues by deploying cryptocurrency trading.

Despite on the political matters, world-leading financial institutions struggled in a typical yes-or-no decision referred to the Bitcoin cryptocurrency valuation, especially. Some local banks however, initially declare to support cryptocurrency as they can benefit considerable advantages in future. The plans for gigantic banks are more about to facilitate international transaction progress by adopting blockchain technology. If to adopt blockchain technology, all banks are able to save at least "$27 billion annually", say 11% costs reduction on "cross-border settlement transactions before the end of 2030", according to a recent analysis by Jupiter Research.

In financial thesis, a commodity or service is valuated by consumers whom concern it values in a certain units of assets, so does the cryptocurrency. But nowadays cryptocurrency is put into a doubtful value. Cryptocurrency exchanges lead to valuate the Bitcoin to legit currency whereas this goes to a sort-of opposite position against cryptocurrency actual value, operating nearly the same pattern as stocks, later the Ethereum value and so on.

The main difference is that in stock markets, investors own a part of company, whereas in cryptocurrency, Bitcoin market doesn't. The cryptocurrency price therefore is not affected by the business of the company but majorly by the currency manipulation, according to the SEC statement. In fact, the marketplace is under operated by unidentified great whales. They can be any of the possibilities, government, Wall Street or Statoshi - the answer is no longer significant. Through the exchange manipulation, price thus often turns out at a brainlessly high position.

Politicians and bankers intend to hand on the cryptocurrency marketplace. In a perspective of political interference, it willfully replace the legit if the economic competition continuously holds in next a few years. During the research, I find the several countries to adopt cryptocurrency have encountered U.S. sanctions evolving economic issues in common. The major banks get to handle the restriction struggled with political power. Before the regulatory interference rolls in, the banks are more likely to set up blockchain on transfer system for savings and to simplify cross-border transaction progress, at the same time to avoid political force.

The cryptocurrency economy is solid when confronts market regulations. It turns elastic as undergoing unsteady price quake impacts. In the discovery, the value of cryptocurrency is found to evolve in a wide hundred-billion bubble. The financial word "bubble" overruns in community, while unnecessarily indicates the meaning of catastrophic in my opinion. It becomes one of the largest beneficial investment choices loading on investors' capitals by catching the lead of the bubble economy, at least. If, moreover, the bubble were not set up, we would ever not get wind of cryptocurrency.

Hello community, I would like to share my thoughts on ETF matters what could lead cryptocurrency greater. If you disagree with me, please comment politely.
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Many investors are waiting for the Bitcoin ETF approval. To have bitcoin ETFs approved in the US, investors have to pray to the U.S. Securities and Exchange Commission (SEC) to approve it. The SEC, like the Federal Reserve (FED), is actually a far-perspective regulator.
SEC wouldn't take the Bitcoin ETFs (including ETH coins and Litecoin casually as when trading funds (ETFs) might come with various negative feedback loops that would cause constructional problems. Bitcoin ETFs are derivatives and have nothing to do with benchmark assets. The underlying value of Bitcoin ETF asset more likely will be affected by the ETF, speculation, and stock markets.
The ETF history began with the investor, Burton Malkiel and his most famous book, A Random Walk Down Wall Street. It basically means that the fund manager did not beat the index, the trade did not beat the index, and Wall Street was deceptive and, did not defeat the index.
Malkiel is right about ETF. It booms, alike all financial inventions, to some extent, the purpose of operators to create ETF is exactly opposite of their purpose to create. For example, inverse ETF has emerged, whereas tracker fund has not yet to track. The idea of the Standard & Poor's 500 Index, which aims to create a model of investment for long-term wealth, but it is now distorted and becomes a trap for fools. This is exactly what the SEC is concerned about.
There is no doubt that Bitcoin cryptocurrency has a common weakness: safety. This has attracted much attention of scams. In general, the financial industry also has such a rogue. As many regulators proofs, eventually among the top financial companies, they have not to resist crime behaviors. In unregulated encryption, any active person will soon be scammed by fraudsters.
Therefore, getting the bitcoin ETF into regulation is the biggest concern of regulators such as the SEC. But it will finally be approved because it seems unstoppable that needs to be embraced and controlled.
The bearer may think this can be the beginning of the end. Bitcoin value, Ethereum value and Litecoin value prospered in chaos, products of anarchy. It will never be able to thrive in a walled committee garden. People who are optimistic believe that the market demand for bitcoin has increased significantly, which will push the marketplace to an amazingly high.
It runs differently than the traditional banking. When an ETF is granted, it is interesting to see how the system works. It may be designed to be win-win mild fairness tool for all participants.