What is happening again? The market is looking all red! - page 5.

grermezter

sr. member

Activity: 434

Merit: 250

Quote from: wilhb81 on September 13, 2017, 06:27:29 AM

The reason why BTC dropped so fast, because of the panic attack sellers in China who didn't want to hold their BTC anymore.

The price will be stabilized again in the next few weeks (Hopefully there will be no more negative news ahead)...

That's not the only reason why the prices are going down, That jerk CEO of JP Morgan Jamie Dimon said Bitcoin is a fraud and it's going to blow up, I am sure lot's of newbie investors heard it and are afraid and started selling, that's one reason for this, I am very surprised that they are listening to bankers in the first place. They care only about themselves.

GrayFullbuster

full member

Activity: 658

Merit: 103

Quote from: cybersofts on September 13, 2017, 04:42:58 AM

Hello guys,

What is really happening the market all red?

Woke up this morning with my full confidence that market will continue to recover but it didn't!

Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper!

Thank you.

Yeah you are correct. when I saw my blockfolio I just shock because all of my coins goes down especially the bitcoins. I think there is a big effect to the banning of the China to the bitcoin and all ICO's.

aoluain

legendary

Activity: 2436

Merit: 1362

Quote from: peter0425 on September 13, 2017, 06:11:00 AM

Quote from: cybersofts on September 13, 2017, 04:42:58 AM

Hello guys,

What is really happening the market all red?

Woke up this morning with my full confidence that market will continue to recover but it didn't!

Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper!

Thank you.

Its really the negative news coming from China that greatly affected the price. Yesterday it was around $42xxx already and I'm thinking that we are already in the road to recovery. But the dump happen again. And then JP Morgan's Dimon claiming the bitcoin is a fraud may have contributed as well to the price declined. It's another bloodbath but I consider this another challenge that bitcoin market can overcome in the next coming weeks. So we don't need to panic but instead this is a chance to get bitcoin at a bargain.

Yes 4 things that are very closely related,
[1.] News not reported properly,
[2.] Bad news reported properly,
[3.] painc selling by people with weak hands who cannot see the big picture or the long game and
[4.] people taking advantage of the uncertainty in the market and selling to drive the price down

Prince8

member

Activity: 102

Merit: 10

whats the difference what happens in the short term ? you are not gonna sell anyway, are you ?

cybersofts

copper member

Activity: 658

Merit: 284

Quote from: Herlina on September 13, 2017, 06:02:50 AM

some negative rumors that make panic for weak hands, that's what makes the market is looking all red
I ignore the FUD, I think this is an opportunity to buy at cheap price

Yes, I agree with you here and thanks for the advice!
Now I see this is an opportunity to buy more coins more cheaper.
And later sell at high price, only weak hands gets panic because of negative FUDs.
Keep holding on your bitcoins. Keep calm and buy more bitcoins, as much as possible.

CryptoBeefy

full member

Activity: 378

Merit: 100

I just wish China would hurry up and ban it all rather than threatening to. At least the world would know where it stood. As for now, hodl.

coin-investor

hero member

Activity: 2996

Merit: 598

Leading Crypto Sports Betting & Casino Platform

Quote from: cybersofts on September 13, 2017, 04:42:58 AM

Hello guys,

What is really happening the market all red?

Woke up this morning with my full confidence that market will continue to recover but it didn't!

Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper!

Thank you.

We have the same sentiment I thought it will rally just like what happened last week, but it's not the kind of news that will make me dump my coin, it's just another of those bad days of Bitcoin but I'm 100% sure it will rally next week.

Karartma1

legendary

Activity: 2310

Merit: 1422

2014 has been the worst performing year for bitcoin, even back then we were seeing all red candles. Those who believed in the good of the project and those who understood what bitcoin is really about got both knowledge and profit within one of the most exciting field IT has ever seen.
If you can't keep up with the Red, well this world is not for you. Better leave it before it's too late. But if you understand what impact Bitcoin will have long-term, welcome aboard and enjoy the up&down ride

Hold your keys

radokan

member

Activity: 291

Merit: 15

Quote from: vroom on September 13, 2017, 05:18:10 AM

there are multiple reasons for this development.

1. rumors about a china bitcoin exchange ban
2. JP Morgan CEO calling bitcoin a fraud is all over the mainstream news
3. the segwit2x fork threat in november is also approaching

This is only sign that big banks are afraid of bitcoin and he said bitcoin is fraud because he knows bitcoin is real and it is here to stay long long time. Banks can kiss our asses

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

The price was good yesterday and I sold all my coins yesterday . I thought the price would be more high today but to my surprise it went way down.
I think its a very good time to buy some bitcoins as it will surely increase in price in some days after the China panic is over and then will be a good time to sell and make good profits. Its certain that the Chinese people are selling all these coins because of the uncertain decisions taking place in their country. Its a good opportunity for others to make money out of this situation.

semisyntheticpsy

full member

Activity: 201

Merit: 100

$3800 :0

Buy Buy Buy

wilhb81

full member

Activity: 224

Merit: 100

Any store can buy, sell, and accept Crypto

The reason why BTC dropped so fast, because of the panic attack sellers in China who didn't want to hold their BTC anymore.

The price will be stabilized again in the next few weeks (Hopefully there will be no more negative news ahead)...

chesegrinder

full member

Activity: 182

Merit: 100

same here im looking forward for the price this morning but it all turns red last night it was a 4% negative but right now it price go down. but I think it is the time to hold and buy more. Remember what happen last aug. after a week or this month this will give as a full blast of increase. just hold on your bitcoin and dont panic sell it will all turn the price red just hold on and buy more as the price is low.

iamMhew

full member

Activity: 688

Merit: 101

Quote from: cybersofts on September 13, 2017, 04:42:58 AM

Hello guys,

What is really happening the market all red?

Woke up this morning with my full confidence that market will continue to recover but it didn't!

Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper!

Thank you.

it is usually happen when bitcoin soon to raise 2x in the market, the drop indicates that bitcoin will pump the day after tomorrow . its all already happened before so dont panic because it is a normal scenario that even bitcoin goes down including alt-coins too. or maybe bitcoin now is facing a problem from those negative news that can affect on bitcoin price now. but hoping that it will back to normal, just hold on and dont panic, everything is fine.

Mandoy

sr. member

Activity: 644

Merit: 264

Aurox

Quote from: cybersofts on September 13, 2017, 04:42:58 AM

Hello guys,

What is really happening the market all red?

Woke up this morning with my full confidence that market will continue to recover but it didn't!

Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper!

Thank you.

The huge drop in bitcoins value is due to panic selling of bitcoins by holders. This panic is triggered by the current issue in CHina wherein the government is banning bitcoin exchanges in their area. This has caused a negative impact on the bitcoin market as a whole. China as the biggest farmer in bitcoin mining will surely place a great pressure and impact on bitcoin which resulted to the present downfall of bitcoins value.

modous

newbie

Activity: 38

Merit: 0

Don't worry about it. the value just dropped a bit but ofcourse it will go up again after some time. That is how bitcoin works. If i were you you should invest on bitcoin when the value drops so that you can make profit i it goes back up.

13abyknight

sr. member

Activity: 602

Merit: 252

A lot of happenings are influencing the current price of Bitcoin, the main ones being the Chinese government's decision on banning Bitcoin and altcoin exchanges across their country and JP Morgan CEO, James Dimon's utterly baseless statement of calling Bitcoin a 'fraud' worse than the tulip mania. Its pretty saddening that just baseless news is enough to bring a flourishing market down to its knees and it only gets worse as more FUDs appear as we watch the market tumbling.

Zylon

full member

Activity: 242

Merit: 102

Quote from: cybersofts on September 13, 2017, 04:42:58 AM

Hello guys,

What is really happening the market all red?

Woke up this morning with my full confidence that market will continue to recover but it didn't!

Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper!

Thank you.

It really seems like China is going to ban the exchanges, these are very bad news for all cryptocurrencies and so the people are in panic!
I know that these are all rumors and maybe not true, but you have to keep in mind that the chinese goverment never liked cryptocurrencies!
I think the whole market cap will dump a lot more,maybe even under 100 Billion, specially after a official statement from the chinese goverment, but that is ok, I am not worried at all!
Japan/Australia/Canada etc. did understand what the technology is about and they will replace China easily! and it seems like ETF trading will be possible soon.

If the chinese goverment do really ban cryptocurrencies, it will be the worst mistake they did for their own country!

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: cybersofts on September 13, 2017, 04:42:58 AM

Hello guys,

What is really happening the market all red?

Woke up this morning with my full confidence that market will continue to recover but it didn't!

Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper!

Thank you.

Its really the negative news coming from China that greatly affected the price. Yesterday it was around $42xxx already and I'm thinking that we are already in the road to recovery. But the dump happen again. And then JP Morgan's Dimon claiming the bitcoin is a fraud may have contributed as well to the price declined. It's another bloodbath but I consider this another challenge that bitcoin market can overcome in the next coming weeks. So we don't need to panic but instead this is a chance to get bitcoin at a bargain.

swiftblade

newbie

Activity: 69

Merit: 0

It is a market, just wait and see, when it touched the bottom of the chart I will Buy. Just need more observation and advices from Pros for recognizing where the real bottom is.

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