Topic: What is the cause of the market downturn? - page 5. (Read 744 times)
Panic selling caused the downtrend of all cryotocurrencies,this is created sue to the banning of exchanges in korea and China but they are portrayed as banning of cryotocurrency in their countries.So other people all over from Asia started selling their coins in panic that their country also ban cryotocurrency.
Why is there such a downturn in the market? The South Korean market is the cause or the other reason?
Looks like not only korea's fud but also china has fud spreading yesterday thats why people sold all of their BTCs. 
I really do not understand why all of a sudden market has just been down.Knowing some countries that banned the mining of bitcoins it really got a big impact on the market.And now i begin to panic.
It isn't sudden. The market has been drifting down since the Dec 6th highs. A lot of transactions that were stuck in the mempool finally hit the exchanges and people sold. Day traders also sold and then you had a bunch of stop losses being triggered which sent the market down further. That's all.
Why is there such a downturn in the market? The South Korean market is the cause or the other reason?
Because of the FUD. There are many weak hands . So many people selling their bitcoins now. And also there are some fake news around the world about bitcoin, that's why the market is down. Also maybe there are some whales that is manipulating the price of bitcoin.
In my opinion why market down ,because of the people selling and buying
Why is there such a downturn in the market? The South Korean market is the cause or the other reason?
No it is not the cause because market corrections till now we have not any downfall in bitcoin. So we have to accept anything in crypto and we have to buy at the dips, if we don't have money then there is no choice for us.
FUD,China banning crypto miners,South Korea follows by banning Bitcoin local and foreign exchanges are just some of the negative news affecting the downtrend of Bitcoin,so people who invested on coins panic,selling their holdings and investment to minimize their losses or saved what is left of the price,with this happenings oversupply occurs.Let's just hope that the slump is over,and Bitcoin start rebounding back from all the losses that happen,at the moment Bitcoin price is now at 11K$+ from a very low of 10K$+ yesterday a good sign to start our day.
I really do not understand why all of a sudden market has just been down.Knowing some countries that banned the mining of bitcoins it really got a big impact on the market.And now i begin to panic.
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if u have follow market 3 or 4 years ago, u will think that its just a normal activity. no need to worry about it. it will be normal and better very soon.
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Yeah, it'll go back up again. Crypto has a very long way to go before it bottoms out.
I think the reason is beyond our imagination. We can not predict future so just go with the flow. Hold if we bought at high price and just wait for the time to come.
I think part of the reson may be the ban of China on the crypto. Most of the exchange are banned in China. That is part of the reason. I think after a period of time the situation will be better.
It could just been a mixture of FUD, people taking profit, and people cutting losses. People who went into crypto a month ago are still up so they probably didn't care about this drop.
Seems to me the "scare" has multiple reasons mainly the South Korean and Chinese gov't news as well as a frenzy of sell-off by scared people who did not HODL.
When the market experiences a dip, it get's worse when a good number of people world wide sell in fear.
Things look to be getting back on track now and it will go back slowly to where it was and hopefully grow even higher. The total Market cap will hopefully grow more in 2018.
When the market experiences a dip, it get's worse when a good number of people world wide sell in fear.
Things look to be getting back on track now and it will go back slowly to where it was and hopefully grow even higher. The total Market cap will hopefully grow more in 2018.
I think it should be the forthcoming policy of the Chinese government that affected the market price.
Never, never ignore China's influence.
But no way, I have a lot of losses, so I had to hold.
Hope it rise up soon.
Seems to be recovering slowly today.
Rumours to ban crypto trading in China and South Korea. Then we have the bitconnect major scam. Moreover, there are a lot of people who bought from very low levels and are staying on huge profits, so when there is a major sell off, some people are capitalising on their gains. Last, but not least some of the major exchanges have currently suspended all new registration, so there is no fresh money coming in.
The bad news from the cryptocurrency market from China and South Korea is puzzling investors who are puzzled by the fact that they have sold their coin at extremely low prices. I believe everything will be stable in the future and your job is to wait for the market to go up. At the moment, it is necessary to study more about this market. I think it should be the forthcoming policy of the Chinese government that affected the market price.
Never, never ignore China's influence.
But no way, I have a lot of losses, so I had to hold.
Hope it rise up soon.
This panic is mainly due to the Asian market, and it is currently the largest. At this hype you can invest well, do not miss the moment!
cause alot people don't read, or if they do read, they don't do research and purely believe.
I believe tons of the FUD comes from Korea exchange ban and China Mining Ban.
I believe Korea is not banning any legit exchange but those who did not comply with them.
Next, one of the main reason i believe it drops is because of Price correction. However, i believe its a healthy dip there
I believe tons of the FUD comes from Korea exchange ban and China Mining Ban.
I believe Korea is not banning any legit exchange but those who did not comply with them.
Next, one of the main reason i believe it drops is because of Price correction. However, i believe its a healthy dip there
the cause of market downturn is caused by many factors, but now the issue in china has become one of the causes of the decline in prices. but it is normal and going back to the highest level is just waiting for the right time.
China is burning the world of cryptos and the prices follows it and becomes red like blood. Hope market recover soon and government doesn't suck it all.
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