Topic: Global crypto market down - what may be the reason? - page 2. (Read 410 times)
It's due to news coming from China. This had already happened in the past, and it's normal for markets to react like this initially to such news. What we must do right now is to not panic and keep hodling, and hopefully the prices will return to their old status soon enough.
The reason is the Korean and china news
Bitcoin is too sensitive to news
The media plays a major role in this Revolution
Bitcoin is too sensitive to news
The media plays a major role in this Revolution
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.
Its probably China again, and ofcourse Korea too, people are selling in panic. I recommend hodl.
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these pump chats are one of the main things that spoil the image of bitcoin and altcoins
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Ami I missing something here? Can anyone please enlighten us with the possible reason?
in all the news channels talk about the possible reasons:
Crypto Market Suffers From Uncertainty in Asia, Losses Up to 40%
Markets Update: The Top 68 Cryptos Dive During the January Slump
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Its safe to say cryptocurrency proponents are uncertain especially with the media hype and regulatory rumors stemming from countries like China and South Korea. Unfortunately, the reports have been conflicting, and no one has been able to pinpoint what is actually happening. For instance, South Korean trade volume is still very active and many cryptocurrencies there are trading at a premium ($14,775 per BTC on Upbit). Trade volume with the South Korean won has only dropped 1 percent since last week and exchanges are still trading many different cryptocurrencies.
bitcoin fell to $ 10700, that was a big fall and all altcoins are in the red
It might be what is happening in South Korea. The government is not going to ban the exchange sites but they will always has option to close them if it is necessary.
And I heard that no more foreigners and under ages are able to trade in South Korean exchange sites. I think they are selling what they have now before they lose them.
And I heard that no more foreigners and under ages are able to trade in South Korean exchange sites. I think they are selling what they have now before they lose them.
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.
my openion is, business means it rais,it down regularly.traditionally it wiil happen. but there is a reason for global crypto market down is in korea are ban the curruncy probably i know.people are worried about this.for this reason global crypto market down
This is I think the reasons why this is happen market is going down because of this korea issues. Also many had panic over this problem. Actually this is the usual screnario in the market price ups and down so in this case better obseve the market before you invest.
Panic + profit taking
Whales are cashing out before now new traders are cashing out and whales are buying back cheap coins. Price will soon recover so its time to buy not sell.
Whales are cashing out before now new traders are cashing out and whales are buying back cheap coins. Price will soon recover so its time to buy not sell.
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"!
my openion is, business means it rais,it down regularly.traditionally it wiil happen. but there is a reason for global crypto market down is in korea are ban the curruncy probably i know.people are worried about this.for this reason global crypto market down
The price has gone through a dumping time. it is easy to guess the causes of the crash. The price does not need a lot of analysis to make sure that it has collapsed or has risen.
some say this is correction and Big players. others say it is China and its effect. Its hard to guess but you can find alot of analysis that prove the down.
Tracking the price will not help. you have to learn how to guess when the rise will be and when the collapse might happen, and thus you can predict how much profit you might make.
Some say we will not get 12,000 dollars again, until 2021.
some say this is correction and Big players. others say it is China and its effect. Its hard to guess but you can find alot of analysis that prove the down.
Tracking the price will not help. you have to learn how to guess when the rise will be and when the collapse might happen, and thus you can predict how much profit you might make.
Some say we will not get 12,000 dollars again, until 2021.
As I know there were some unconfirmed news about China banning the miners in their country and Korea looking forward to ban the exchanges in their markets.
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!
No big news except the news from last week that may still be in effect today. All crypto are down mainly because bitcoin price is down that affects all alt-coins and tokens out there. Luckily bitcoin is slowly bouncing back which will pull other cryptos up too. Hope this continues.
Smat move, I wish I could buy some coins now
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!
actually today I buy more bitcoin and some alternative coins that have great potentials, we all know that the dip is the time to buy that we cannot miss. 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!
Only reason, I can see behind all this is that bug investors are withdrawing their money for investing in alt coins. There is nothing to worry especially if you have invested in long run.
The decrease in the price of bitcoin can be explained by the latest news from China, where local authorities intend to block access to local and foreign platforms for trading.
At the same time, Reddit has a different theory, according to which the current decline in the market of crypto-currencies can be caused by the forthcoming lunar new year in Asian countries. The region still has significant trading volumes, and as the author believes, before the holidays many people want to take digital assets into Fiat.
At the same time, Reddit has a different theory, according to which the current decline in the market of crypto-currencies can be caused by the forthcoming lunar new year in Asian countries. The region still has significant trading volumes, and as the author believes, before the holidays many people want to take digital assets into Fiat.
Well, if you ask me what is the reason for crypto market down, i cant answer that.
But at least, i want to tell you, if the they are going down, you better get ready to invest them at the lowest price,
and they are going to increase again.
But at least, i want to tell you, if the they are going down, you better get ready to invest them at the lowest price,
and they are going to increase again.
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!
According to the latest news on Bitcoin, some countries are planning if not, already banned bitcoin. Likewise, many have been panicing on selling their bitcoin because of these news. I also believe that these are just their strategies to make bitcoin goes slow. 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!
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