There's a reason for everything.

Sometimes we humans can't just chalk things up to variance and random occurance. There has to be a reason why something happened. The need to know how and why things work can cause us to project incorrect answers onto the question. I believe that some of the speculators out there, looking for a reason why Bitcoin and friends dropped price, are grasping at straws sometimes.

The explanation for this behavior is obvious. If you can point out identifiers why the market goes up and down you might be able to predict where is going in the future and capitalize on that information. It's all about the money. Also, people want someone/something to blame for their misfortune.

Sometimes I think it's better to just focus on fundamental investment strategies. Research the technology. If it has merit, invest and hold. Simple. This way you don't have to worry about day to day variance. Instead you get lower blood pressure by looking year to year.

In any case, without further ado, here are the top three reasons I could find for the current blockchain bear run:

Threat of Regulation

A lot of countries out there demand that cryptocurrency be regulated. They really want to have their cake and eat it to. They want to claim that cryptocurrency isn't currency but they still want to tax it while acting like they're protecting you from scam ICOs and such. Trust me, they don't care about you, they care about them. Investors get scared that greedy/threatened governments will come in and crash the party, so they cash out.

India, for example, has already full on banned crypto altogether. Like a week later I hear news of them wanting to create their own centralized cryptocurrency. Greed at its finest. I fully believe that these shitty actions are going to blow up in their face.

Social Media Advertisement Ban

Facebook and Twitter and friends are all banning ICO ads on their respective sites. Again, they claim it's because of scams, but these actions are all part of the same animal. Corporations are in the business of making money. Did that company donate 5 million dollars to that charity because they care or because they wanted the publicity. The answer is obvious. This blockchain shut-out tips off investors that these actions could just be the begining. So again, they cash out.

Tax Man Selloff

Speculators are hoping that April will be a good month for Bitcoin because it has been in the past. Tax season is over mid April, and a lot of investors that made bank during the December bull run have to pay taxes on money that doesn't even exist anymore. This could have created a chain-reaction selloff. The farther down the price fell, the more Bitcoin needed to be sold to pay those thieves off.

The government then uses that money to engage in eternal warfare with the military industrial complex. Isn't that nice? The next time you try to say you pay for such and such (food stamps, schools, etc.) with your hard earned tax dollars remember that 60% of your tax money actually goes to imperialism, death, torture, and the enslavement of the world. Of course, I only speak for America, but trust me, your country isn't that great either.

The price went up, the price went down.

Am I really supposed to believe that if none of these things happened Bitcoin would be at $20K and rising? Spoiler alert, I don't. A lot of them do seem fairly correlated. You'll see a big selloff during a bad event and a spike during a good one, but still.

Take Litepay for example. Litecoin went up from $160 to $240 just because of the announcement. Now, after being declared dead, the price hovers at $115. However, I basically predicted an eventual return to around $120 the second it spiked up in December. The news that came later was irrelevant to that prediction. You can't expect the value of a blockchain to keep going up and up and up and then, when it goes down, demand that there must be a reason for it.