Topic: Why Alts In Red Again? - page 3. (Read 791 times)

I think this is the beginning of a big growth. It's like a tsunami. Water first leaves the coast,
and then a huge wave collapses on the coast. So here. At first, there is a decrease by 20%-30%,
and then an explosive growth. I think that before January 26 there will be a decrease and flat,
and then the price of bitcoin and other altcoins will go up.
By March, the price of the BTC will be at least $ 30,000.
This is confirmed by the fact that Wall Street promises to reduce bitcoin to 1000-3000 dollars.
So everything will happen the other way round.

The price of bitcoin and ethereum is falling as big players gain profits and due to this all altcoins price also falling. That is the normal phenomenon in this crypto market and there are many big whales exist whose fluctuates the market as they desire for their profit. In addition an another reason of this is some bad news also effected the market recently from South Koera and Chaina.

If I were you I would wait a little bit for market to calm down. There is a big war going on between buyers and sellers at the moment and you wouldn't want to stay between them.

Yeah this is good time to buy because imo it’s alt season now so there will be other huge pump after this red market

I think they don't know what they are doing, so they said reason is failed.
and i think market can not always go one way, and it can be a good thing to sell and jump on bitcoin because it may go up.

How long you've been in crypto?

every at February, the eve of the bitcoin and the market tends to fall, because we know the preparations for Chinese new year may need funds so many investors withdraw funds.

Correction is not over yet and so almost all the coins are red. In addition due to the fact that registration in large exchanges is closed in crypto there is no inflow of new money.

Well it is normal in crypto currency world and no one can change the fluctuations in the crypto currency market. There was a serious panic sell couple with the ban from North Korea were all the reason for the recent decline.

Not only the altcoins, even the bitcoin has been experiencing a hard fall in price. The price has gone as low as $10000 and now it has started to move forward reaching a value closer to $11000. Hope the growth to continue without such kind of red indication giving power for the investment.

BTC breaks its support
just hodl my friend, this will end soon.

i guess we need to wait until CME Futures contracts expiring on Jan 26, after that it should be green)

The current decline in altcoins can attribute to the fact that there is much negative news about cryptos, which leads to confused investors leading to selling many cryptos and the exchange rate of the altcoins reduced rapidly. As cryptos shrink quickly. But I encourage you to continue to hold because the exchange rate will increase again in the next few weeks.

Again people panic. Tried to find, because of what the movement went down, no one has any clear assumptions. Therefore, selected the negative news for the day, which could adversely affect the market. So:

• Today, the South Korean government announced that it will collect a 22 percent corporate tax and 2.2 percent of the local income tax on bank exchanges in the country;
• Leading Indian banks began to close accounts of sites that organize trade in crypto-currencies. It should be noted that India is a major player in bitcoin mining (about 2%);
• Swedish bank Nordea Bank notified 32k employees that since February 28 it has been banned to trade Bitcoin and other crypto-currencies;
• The authorities of South Korea, however, restricted the Bitcoins trades; True, this does not apply to ordinary people, but only to civil servants;
• Over the past week, gold coins have jumped 5-fold due to the fact that Bitcoin's rate has subsided well. Those. many transfer funds from Bitcoin to gold. Psychologically negative news for and so frightened beginners;
• The SEC stated that it will not register exchange-traded funds for crypto-currencies, as they can hardly comply with the rules, to protect ordinary investors;
• The Bulgarian prosecutor's office confiscated OneCoin project servers (a pyramid, such as Bitconnect). I do not think that it could somehow influence the market, just good news🙂

What should I do after reading this news? Turn off the equipment and go to sleep, tomorrow everything will be fine (but this is not accurate). Anywhere Bitcoin will not disappear and the bubble will not burst. Still expect a few strong fluctuations. All this will continue until the Chinese New Year on February 16. Then we will restore good movement upwards.

This can be an example how officials are trying to make FUD for crypto anytime. https://cointelegraph.com/news/bitcoin-to-drop-as-low-as-1000-this-year-wall-street-cio-predicts
As you can see how the market has been driving by the whale. And remember another news comes from south korea which the country to chart the tax to the exchange site up to 24.2 percent. It's really a lot on my mind. I just waiting for the whale will try to make a big boom to the market soon.

It is caused by governmental fudders spreading words about regulation causing investors to reach for the door and exit. It won't last long, seasoned investors will start to snap up these bargains and all the coins will go back quickly into the green. It will only take a few whales to start the boom effect and fomo will kick in and that effects everyone!

A weak move in the market, apparently China is preparing for the new year and is not particularly eager for a wobbly crypt. We are waiting for February and catching coins on local corrections. What will happen in 2018, will the bull market continue or will it fly even lower?

Speculative capital takes a very active part in strong movements. The market is very thin, and having millions, it can be easily unstable. In order for the crypt to cease to grow, it is necessary that this capital go somewhere. A crypt is a very fishy place to leave. Even profit is measured in "X". At the end of 2013, after hacking Mt.Gox, many lost their funds, this undermined faith in the crypt and greatly reduced volatility in the market. Speculative capital went away, and with it the course began to fall. At the moment, this situation is almost unreal. Now the stock exchanges are much larger, and they are much more serious for protection. Therefore, if the governments of all countries do not simultaneously insert sticks into the wheels, then 2018 will be very positive and we will see new price records.

It is just a correction at this point, give some time and everything will be back to the original.

I continue to believe that this is just a correction before the big growth. I try not to trade these days just watching the news and relaxing

just want to know too. its so sad for the short term hodler like me if the price of all altcoins is on red. will lose profit even bitcoin fall a little. hope it will recover soon.