Topic: Cryptocurrency market crashes 20 percent - page 2. (Read 477 times)
I think there is a great chance to take Bitcoin and other crypto-currencies - the same Etherium. Of course this shows the degree of non-stability of the crypto-currency market, but nevertheless everyone expected something like this in the new year!
I don't think this is really a dump, what happend was that coinmarketcap.com decided to remove the outliers prices from the Korean exchanges, if you look at that of Ripple, the prices there was higher than other countries and was removed to give a true picture of things
Volatility is the key factor of cryptocurrency. Bitcoin is the most volatile coin among all cryptocurrencies. Sharp rise and sharp fall in price is a normal thing about bitcoin currency. The day China banned bitcoin, its prices fall 20% sharply. But later recovered rapidly. In the middle of December bitcoin prices crossed $19000 mark, but later on due to profit booking prices fall sharply and bitcoin rolled back to $13000. Since January 2018, bitcoin prices started rising and now they are near $16000. So crashes and recoveries are not new to bitcoin currency.
This is the law of the market - there can not be eternal growth, аfter rapid growth there is a correction. I are waiting for new heights.
And we are used to this in the crypto world, the way I see it is that it is just what happens and it allows you to invest in the lows.
Yeah that allow you to buy cheap now and to sell that coins with a double price later. It how that market works, lads.
I was at first scared why such a drop in the market is going, but the introduction is correct,now the average price is much more accurate
It was a minor correction but everything is back to normal now. We saw how news can affect crypto economy in an instant and on a huge scale, thats why there is still a lot of risk involved when trading with crypto coins.
I feel coinmarketcap most likely has profited from this, they have always been manipulating numbers in some ways.
It's about time some officials take a look at them.
It's about time some officials take a look at them.
It looks like a great opportunity again to buy those coins.
But I dont see Ethereum really going down. In fact, it goes up some more.
This could just be another bump and soon be resolved. There is no way bitcoin will go down for a long time.
But I dont see Ethereum really going down. In fact, it goes up some more.
This could just be another bump and soon be resolved. There is no way bitcoin will go down for a long time.
The market of crypto currency always falls if bitcoin becomes cheaper. And if you notice, bitcoin went down once again. Correction has not ended and while it is last, the capitalization of the crypto currency can go down.
And we are used to this in the crypto world, the way I see it is that it is just what happens and it allows you to invest in the lows.
the main thing here is to NOT PANIC like what a lot of people
seem to have done, the prices always float back to a healthier
level.
in fairness it was a strange move without prior warning but I
suppose we will be getting a truer value going forward from
coinmarketcap.
seem to have done, the prices always float back to a healthier
level.
in fairness it was a strange move without prior warning but I
suppose we will be getting a truer value going forward from
coinmarketcap.
I remember what happened to crypto last year where there where issues about China removing crypto currencies or whatever, there's a bloodbath that time but look what happened to digital currencies after it bounced back. If I were to compare the crash that time and what's happening today, the FUD that time is more than you can handle if you were a newbie.
Don't think it is a crash, just a correction. Some people didn't know the real reason behind the "drop" in prices on Coinmarkecap so I guess they sold off their positions which resulted in a real drop. Coinmarketcap should have really announced their intentions before proceeding with such a change, knowing that hundreds of thousands of people use their site as reference.
With the regulation of national policies, the bubble of crypto money market could burst at any time, and need to be careful.
It was a slightly odd thing to do without any up front announcements of their intentions. However I can see a kind of logic to it as the Korean prices always seemed to be 20 - 25% higher than the rest of the world.
If the price of that exchanger 20% till 25% higher so it is a chance to arbitrage.
Anybody knows why the price of korean exchanger always 25% higher?
Yes, it was weird to do this without announcing it - I think most people understood what had happened within a couple of hours, but yes there are still people who think it was a real price drop, and this has resulted in a sell off. Everything will recover soon enough.
This is alright, it will bounce back and we'll hit a trillion dollar market cap in a matter of a few months.
From a low of $ on Monday, Bitcoin bounced back up, and this is now going to happen again. But what is done by south korea might be good.Whatever happens there is nothing that can block the rate of crypto-currency increment, especially bitcoin to flourish.
It was a slightly odd thing to do without any up front announcements of their intentions. However I can see a kind of logic to it as the Korean prices always seemed to be 20 - 25% higher than the rest of the world.
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