Topic: why all coins are dropping? - page 89. (Read 221989 times)
Because of bad news from China and Korea about cryptocurrecy. And Bitcoin price dropping happens every year in January (check coinmarketcap).
Coins stop dropping two days ago already. So it is time to hodl and wait for price up. Again all coinmarketcap all first page green , this is very good situation.
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There has been dropping in bitcoin value in last 6 days. Since the Bitcoin is the foundation of this coin business the news about Bitcoin increasing or decreasing always affect the other crypto coins as well.
Some county ban the coin. So that the reason for all coin prices down on time. So you will check the market places then you will get more information for the prices list. So you will check the prices day by day.
Examples:
If most of the peoples release the bitcoin. It will down the prices. It incres the prices. But country ban the any one coin it will affect the all coin prices in Market place.
this is the other reason for the dropping of the altcoin but I think now we see that altcoin still survive and many of them are increasing the price. although the price does not increase much higher, at least we can see that the altcoin is trying to rise again and I am sure that the altcoin will increase the price of the bitcoin price. the banning of bitcoin and cryptocurrency is another way to make people panic because the government see that cryptocurrency could give people a new hope especially for people who want to change their life.
There has been dropping in bitcoin value in last 6 days. Since the Bitcoin is the foundation of this coin business the news about Bitcoin increasing or decreasing always affect the other crypto coins as well.
Some county ban the coin. So that the reason for all coin prices down on time. So you will check the market places then you will get more information for the prices list. So you will check the prices day by day.
Examples:
If most of the peoples release the bitcoin. It will down the prices. It incres the prices. But country ban the any one coin it will affect the all coin prices in Market place.
thats because bitcoin value went down. due to the latest crack down of bitcoins in south korea. bitcoin being the main crypto currency it all follows. but soon enough bitcoin prices will pump up again so it is also a good sign to start buying now while prices are low then sell it high
There has been dropping in bitcoin value in last 6 days. Since the Bitcoin is the foundation of this coin business the news about Bitcoin increasing or decreasing always affect the other crypto coins as well.
I think it only happens temporarily and now the coin price is starting to normal again and will increase as it did yesterday.
any body know the reason for current drop?
It was a results from bad news from China and Korea they closed there exchange and banned cryptocurrency.The high volume of coins they dumped takes 2days to neutralized by the world market. To add also the panic sellers who dumped there coins.
Today might be a starting point for all coins as it turns green un the market charts.
This is one of the reason why most altcoin are in red line but unfortunately when bitcoin price down we can sure that most altcoin will be down too because of btc pair that the market react when btc down or pump.
But dont be mad or stress this is normal in cryptoworld xD It will recover soon dont sell all your coin trust bitcoin.
any body know the reason for current drop?
It is obvoius that market is correcting itself which is normal in trading , if you check historical charts, you will see that there was always a dip and then a rise
Prices are tied to BTCBTCBTC, so most the markets react in proportion to the market movers. There's growing uncertainty with the legality of crypto and mining operations in some countries, hence the sell-off.
All coins dropped in the past due to the negative impact of the news, the Korean government has decided to ban trading and closed the exchange platform Bithumb, which makes the rate of cryptos fall quickly. But the market is showing signs of recovery, predicted in February 2018 will increase strongly again.
I do not know the details, but from what I hear it may be that some countries prohibit the use of bitcoin, and the use of bitcoin in korea decreases, it confirms that korea has a big impact on the bitcoin market...
This is normal scenario specially in January because of the holidays but there is a news about the China government that they want to ban the bitcoin in their country. So I advice to you to hold first your coins maybe in two weeks more it will normal again.
All cryptocurrencies have been dropping, because they have been pumped hard for the past several months. Some of these coins got overvalued, so all cryptocurrencies have been in correction mood. I think It would stabilize the market.
Due to the whales(the big time investors) they manipulate the price by making the price low making small time investors drop their price in the point of fud and then this whales will buy from the weak hands and in the end of the day the rich gets richer and the poor gets poorer.
any body know the reason for current drop?
It was a results from bad news from China and Korea they closed there exchange and banned cryptocurrency.The high volume of coins they dumped takes 2days to neutralized by the world market. To add also the panic sellers who dumped there coins.
Today might be a starting point for all coins as it turns green un the market charts.
any body know the reason for current drop?
We cannot actually predict what really happened why there are some dips and increase of Bitcoin or Altcoins.
Once thing is for sure is that many people withdrew their investments for some reasons which resulted to decrease in prices and demands.
Successful of Bitcoin or Altcoins are really depends on the demands of million of people around the world.
The more people will invest in Bitcoin the price will increase and that what are we waiting for.
So we better to invest now and hold until we reached the desired income. Bitcoin is our future so we better to invest now since it's already accepted globally.
It's because of Korean exchanges, 2 big exchanges are raided by Korean authorities for tax evasion.
https://www.cnbc.com/2018/01/10/police-tax-authorities-raid-south-korea-cryptocurrency-exchanges-for-tax-evasion.html
https://www.cnbc.com/2018/01/10/police-tax-authorities-raid-south-korea-cryptocurrency-exchanges-for-tax-evasion.html
Many people are just wanting to cash out any and all possible gains they have made at this point by panic selling. The price of bitcoin is far too high.to invested
any body know the reason for current drop?
The current price dump is happening I guess because the bitcoin is dropping at the first place. Because I dont know if it is just me or when the bitcoin drops the alt coins also drop the price. Thats what Ive observed. But my hope for bitcoin and other crypto currencies are still high. I do believe that they could recover and hit the market again. Maybe what we need to do is dont panic and stay calm coz it is so bad to see yourself in pity after selling all your coins and suddenly the price will pump later on. Good luck!
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