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Topic: What caused all the price drops? - page 21. (Read 2704 times)

sr. member
Activity: 322
Merit: 250
January 05, 2018, 02:40:49 AM
Like the other guy said.. More sellers than buyers.

Everyday there is some FUD going on.. I don't bother with any of it. Just buy on the uptrend and sell on the downtrend.

People forget that cryptos were invented to take power away from the state.
full member
Activity: 564
Merit: 104
January 04, 2018, 08:36:47 PM
The market is called market because not everybody buys, there is also somebody who sells. When the people who sell happen to be more than those who buy, you can enjoy a nice price drop.  Cheesy
member
Activity: 364
Merit: 10
January 04, 2018, 07:57:08 PM
now there is a transfusion of money into altcoins + the oncoming of the holidays has played a role
member
Activity: 224
Merit: 10
January 04, 2018, 07:31:23 PM
I think all the prices are drops most of the people are cashing out because this happy holiday for the gift of their love ones, but one thing for sure why price are drops because some of investors are withdraw their investment.

Oh well... then many people are going to get many expensive gifts he he he.... I think that a correction was needed and it is good that it has happened before the new year. Supports are now tests and we can have some base for growth.
member
Activity: 196
Merit: 10
January 04, 2018, 07:12:28 AM
Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?
Every bull run will result to bears coming in,not all the time BTC will go sideways.
sr. member
Activity: 706
Merit: 250
January 04, 2018, 07:01:38 AM
I think all the prices are drops most of the people are cashing out because this happy holiday for the gift of their love ones, but one thing for sure why price are drops because some of investors are withdraw their investment.
legendary
Activity: 1057
Merit: 1000
The Experience Layer of the Decentralized Internet
January 04, 2018, 06:57:30 AM
Generally, if there are some negative message from some governments, such as Chinese government ban the ICO projects, all the coins will drop a lot.
sr. member
Activity: 1020
Merit: 391
January 04, 2018, 06:51:38 AM
There is a natural process in the fall of the altcoins, sometimes simultaneously other not, but in great majority is due to the increase of bitcoin, the dumping and the despair of altcoins accompanies the increase of Bitcoin. We must observe and follow the market so as not to be prejudiced.
member
Activity: 364
Merit: 18
January 04, 2018, 06:50:55 AM
Im not sure exactly why it goes down but my opinion is maybe, I guess because of many up comming Ico,they pull out their bitcoins to join the Ico. And ofcourse holidays are finished and most of us use our money spending christmas and new year, so i guess we need to pull out some money in crypto to use in our daily needs. And maybe whales are just getting ready to pump again BTC so be positive and use our brain. Hehe
newbie
Activity: 72
Merit: 0
January 04, 2018, 06:41:38 AM
I guess the price drop was caused by the price corrections. The price of bitcoin have pump very high and it needs to be corrected, also some factors that added to the price drop was because of the panic seller.
full member
Activity: 518
Merit: 100
January 04, 2018, 01:27:27 AM
it was just a correction due to the fixation of profits by many big investors and some news, without it anywhere, it is not necessary for this reason to get excited
member
Activity: 294
Merit: 11
January 04, 2018, 01:09:57 AM
Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?

Last December 2018, all prices either Bitcoin or Altcoins were went down because they need money for the festive month wherein they want to give gifts or buy something so they partially withdrew from trading. Hence, the demands in Bitcoin and Altcoins went down during Holidays but now 2018, the price starts to increase again and back to its normal. So we better to buy now and hold until we reached the desired income.
member
Activity: 238
Merit: 10
January 04, 2018, 12:56:04 AM
Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?
If there is no proper downside correction, there will be no further increase. For now, bitcoin will still go up, and 2018 is still a bull market, fighting!! Grin Grin
full member
Activity: 196
Merit: 100
January 04, 2018, 12:23:38 AM
Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?

I dont know exactly what makes many altcoin going down in price.
I have small opinion, they are going down because of new year. I will be sure they will be up again after new year.
hero member
Activity: 1610
Merit: 507
January 04, 2018, 12:20:08 AM
in a few weeks when the altcoin got dumped, many people getting panic and makes the price of almost coin getting drop. but now I am sure that people can see they have another chance to make a profit because the price increase back so if they still have the coin, they can sell it to get their profit back. everything that people do in the exchange will make the price drops and it could be dropped too far if many people doing fast sell for the coins.
member
Activity: 224
Merit: 10
January 03, 2018, 09:01:53 PM
The end of the year, whales are fixing their profits and move money to offshores  Grin We can still get 2nd round of correction and new rally will start in new year.  Cool

Amazing analysis... quite convincing really. I would also ask why have the alts been increasing sharply in value during the last months and I am sure the answer would be probably whales playing the pump.
member
Activity: 294
Merit: 10
January 01, 2018, 02:31:47 PM
in my own opinion i guess people our taking profit as of now.
full member
Activity: 448
Merit: 100
January 01, 2018, 02:14:25 PM
We see that today bitcoin and altcoin is some increasing.But I don't know when the time bitcoin will get his previous price $20000.Yet i think,there are a lot possibility to btc will be touched 30,000$ in January.Because many investor come daily and 2018 will give a good time all altcoin investor.
member
Activity: 224
Merit: 10
January 01, 2018, 01:27:20 PM
The drop in the price of bitcoin in my opinion is due to the fact that many at the end of the year began to record their profits, withdrawing cash for holidays. But bitcoin can quickly recover after correction (we all remember the long growth of bitcoin and correction was simply necessary).
member
Activity: 88
Merit: 10
January 01, 2018, 12:55:44 PM
It seems that most of altcoins are recovering after dropping. Althought Bitcoin is dropping but it does not affect to altcoin like last period. These good altcoins are keep rising except Pump and Dump altcoins
for now bitcoin is experiencing a drastic drop, but altcoin is not affected and will increase. we can continue to monitor the price of altcoin and bitcoin in the future will experience a significant increase.

This doesn't mean altcoins will maintain their positive trend. Bitcoin will get strength from the community and it will rise one again it seems. If this happens, bullish btc market can pull altcoins down.
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