A lot of reasons are posted above with different explanations about why bitcoin price is dropping now. For me, I will hold my bitcoin now because there is a high chance of possibility that it will increase again base on the graphs I saw posted everywhere. Besides selling your bitcoin will not give you profit because of the very low price now. Just hold and believe that it will recover again.
it will take some time and for sure many of the weak hands will sell their holdings, for those reason behind the only thing that I believe is bitcoin and those quality cryptos inside the market will rise back so better to keep calm and hold your investment. 
Topic: Global crypto market down - what may be the reason? (Read 410 times)
These are the possible reason why the global cryptocurrency market is down: JP Morgan created a FUD again, the nature of crypto market during mid January and bitconnect site is down.
The JP Morgan FUD, I knew this one is coming. since that it is January again, we have a crypto market dump during this time. And I believe that all markets are all healthy right now. We don't have to worry a thing. Back to JP Morgan's FUD, his team stated that cryptocurrency can be ban by governments. That made the price go down dramatically.
Another reason was the banning of bitconnect lending and exchange site. This made the whole market bleed actually. I heard that there was someone on reddit that invested a big amount amounting $500,000 and he's asking for help(advice etc.). Because that money was a business loan. That's his life savings.
The JP Morgan FUD, I knew this one is coming. since that it is January again, we have a crypto market dump during this time. And I believe that all markets are all healthy right now. We don't have to worry a thing. Back to JP Morgan's FUD, his team stated that cryptocurrency can be ban by governments. That made the price go down dramatically.
Another reason was the banning of bitconnect lending and exchange site. This made the whole market bleed actually. I heard that there was someone on reddit that invested a big amount amounting $500,000 and he's asking for help(advice etc.). Because that money was a business loan. That's his life savings.
Again, the news background from China. The eastern wind blew on the background of the fall of the crypto-currency, in order to aggravate the process even more. Nothing surprising. This has already happened more than once. The last time in the spring, when China banned the holding of ISO in itself, but afterwards put forward a refutation. Do not worry.
Dear community members,
I believe everyone has noticed today's global downfall of crypto market. Most of the assets are down by more than 15% and bitcoin is heading towards 10k mark.
I am surprised to see the downfall because I was not able to find any significant news which may have caused this downfall.
Ami I missing something here? Can anyone please enlighten us with the possible reason?
Thanks!
I believe everyone has noticed today's global downfall of crypto market. Most of the assets are down by more than 15% and bitcoin is heading towards 10k mark.
I am surprised to see the downfall because I was not able to find any significant news which may have caused this downfall.
Ami I missing something here? Can anyone please enlighten us with the possible reason?
Thanks!
Some bitcoin holders are doing panic selling of their bitcoin or other crypto currency. Maybe because some are afraid of the news from social medias that governments are banning crypto currency.
On this graph it explains that bitcoin is always going down early months of the year and have come back again before the year ends.
A lot of reasons are posted above with different explanations about why bitcoin price is dropping now. For me, I will hold my bitcoin now because there is a high chance of possibility that it will increase again base on the graphs I saw posted everywhere. Besides selling your bitcoin will not give you profit because of the very low price now. Just hold and believe that it will recover again.
I think the impending decision of the Chinese government along side their forth coming Chinese New Year are major factors for this price decline.
The main reason in my thought is that panic selling caused the downfall in cryotocurrency market.When China and Korea banned bitcoin or exchanges then other people also scared that their country also will ban soon so we need to make money from the bitcoin even if we face losses while selling.So it continues like a chain reaction all the people are continuing to do this strategy so the price is falling more
According to the news I saw on google that South Korea is looking to ban cryptocurrency exchanges on their country. That's probably one of the reason today why bitcoin market is going down.
How about you read about stuff before you post shit on this forum.
They do not want to ban crypto, they want crypto exchanges to pay taxes. Is that something strange to ask them?
Chinese, Korea, always this two country's gov that keep on saying bad news. But actually, nothing is for sure now.
Actually the rise and fall of virtual assets is a natural thing, especially the last few years every January there is a significant price decline. of course you know, JP Morgan statement, it brings considerable influence. Stay calm, this issue will soon pass.
The fluctuation is a normal thing for crypto most definitely. That's the reason why speculators are active in this market. But thia time the downfall seems wired. It is constantly dropping since last 36 hours straight without any apparent reason.
Last year, it was because of JPM statement but this year it is probably due to the China's crackdown on mining operations and South Korea's ban. It's better if the market start recovering soon, I have a big money on stake.
Actually the rise and fall of virtual assets is a natural thing, especially the last few years every January there is a significant price decline. of course you know, JP Morgan statement, it brings considerable influence. Stay calm, this issue will soon pass.
Dear community members,
I believe everyone has noticed today's global downfall of crypto market. Most of the assets are down by more than 15% and bitcoin is heading towards 10k mark.
I am surprised to see the downfall because I was not able to find any significant news which may have caused this downfall.
Ami I missing something here? Can anyone please enlighten us with the possible reason?
Thanks!
This fall is caused by another ban on China and Korea. They have already done this several times and on these news the market is falling. After they give up their words and the market begins to recover. Do not worry, all these events are common for crypto currency. I believe everyone has noticed today's global downfall of crypto market. Most of the assets are down by more than 15% and bitcoin is heading towards 10k mark.
I am surprised to see the downfall because I was not able to find any significant news which may have caused this downfall.
Ami I missing something here? Can anyone please enlighten us with the possible reason?
Thanks!
According to the news I saw on google that South Korea is looking to ban cryptocurrency exchanges on their country. That's probably one of the reason today why bitcoin market is going down.
The global crypto market went down and not only bitcoin. Crypto market cap went down from $840 billion to $540 billion within a few days and I have honestly no idea what caused this huge downswing. On the other hand, if you consider that the bitcoin price was only $1,000 one year ago, the price is still good. And you still can use bitcoin as a payment method.
Because of the China and Korea ban, created fear and there seems to be many weakhands. After seeing the bullish market last month, maybe a lot of new people get involved in crypto market, the inexperience lead to panic sell. Don't worry, the price will be back soon.
Bloodbath like this is very common in the crypto world, you can make huge profits during this time by buying cheap coins, or play it safe: just HODL>
Bloodbath like this is very common in the crypto world, you can make huge profits during this time by buying cheap coins, or play it safe: just HODL>
so if countries decide to ban cryptocurrencies, it would be wise to invest in anonymous currencies now.
i think OBFS4 is impossible to track and even works in china.
is xspectre the only currency that has implemented this?
i think OBFS4 is impossible to track and even works in china.
is xspectre the only currency that has implemented this?
Reasons:
Frist China want to ban all the foreign exchanges in their country.
https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/
then France Creates Working Group for Cryptocurrency Regulation
https://cointelegraph.com/news/just-one-person-found-to-have-caused-bitcoins-jump-from-150-to-1000-in-2013
then German Central Bank Director: Crypto Regulations Must Be International
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international
Also India already setup a board for crypto regulation.
Frist China want to ban all the foreign exchanges in their country.
https://www.ccn.com/china-looks-ban-centralized-cryptocurrency-trading-reports/
then France Creates Working Group for Cryptocurrency Regulation
https://cointelegraph.com/news/just-one-person-found-to-have-caused-bitcoins-jump-from-150-to-1000-in-2013
then German Central Bank Director: Crypto Regulations Must Be International
https://cointelegraph.com/news/german-central-bank-director-crypto-regulations-must-be-international
Also India already setup a board for crypto regulation.
Official prohibition of the Chinese authorities to trade bitcoin inside the country? If not, then this is another speculation.Many are ready to take advantage of this
There isn't a certain reason for this, a lot of people are selling right now and that is the "main" reason of why everything is down at the moment, but for me is a gold opportunity to keep buying as much as i can, i dont see anything wrong with this
I think this is news from China and Korea.
Such falls were already after all the news about Chinese prohibitions appeared, but then Bitcoin increased everything in a few days.
Such falls were already after all the news about Chinese prohibitions appeared, but then Bitcoin increased everything in a few days.
well bitcoin started going down and whenever that happens altcoins, without any hesitation, start their dumping. and that part doesn't really need any reasons to happen. it just happens.
and as for bitcoin, as you may have guessed already from this board and the "internet", there is a lot of FUD about banning bitcoin again circulating the media.
and it baffles me that people still care about what the government says about the "decentralized market"!
The problem here is the participation of the market has been divided between Bitcoin and also other Altcoins. And we have seen these early on when the price of Bitcoin got down from each recent high and suddenly some Altcoins starts pumping. With these happening all of the cryptocurrencies suddenly started to go up. And now with some Bad news many traders started to sell their cryptos for profit taking that is why we are seeing the market now in red. and as for bitcoin, as you may have guessed already from this board and the "internet", there is a lot of FUD about banning bitcoin again circulating the media.
and it baffles me that people still care about what the government says about the "decentralized market"!
That's true! We are seeling large number of sell orders for all cryptos, but also bitcoin has gone down to an insane level. I can't say this is a normal fluctuation since it is going down for more than 24 hours straight.
Also many people are pointing towards South Korea news of banning Cryptocurrency. But I am sure that is not the case. Because this news is taking round in the market since few weeks now. But they haven't yet come up with a official notification and the market dropped more than 20%. There's must be some other reason which I am not able to guess. Probably a big gameplan by a group of market influencer is playing a background role.
The South Korean government already made official statement that they are not banning cryptocurrency. And the news about them have been hovering around and their statement already closes that page already. So I don't think it will be a big factor for today's crashed.
I also think that there is someone pulling a trick from behind, which the speculators and the newcomers follow causing panic and a domino effect. This will be just temporary, I'm sure that the market can recover again.
I think that the reason behind all of this is Chinese people cashing out their money for the lunar new year and thus bitcoin has went down , it is much similar to what happened in last Christmas but at a bigger scale and no one should be worried about all of this dumping because bitcoin has proved itself able to grow back (even if it may take a little longer to do so this time ) .
People are more and more spreading FUD everywhere and any holder is having "on paper loss" at the moment , he'll be at a real loosing condition if he sells his funds for a lower price , therefore HOLD YOUR FUNDS !
People are more and more spreading FUD everywhere and any holder is having "on paper loss" at the moment , he'll be at a real loosing condition if he sells his funds for a lower price , therefore HOLD YOUR FUNDS !
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