Topic: Why Cryptocurrencies are falling today? - page 4. (Read 500 times)
Fud news everywhere, Keep holding bro, if you have patience then i 'm telling you this the next bull run will start after consensus meeting that will be held on New York, USA so better accumulate some and hold for the next few days.
Does anyone know what happened to the market? I know it is a good time to buy but just wanna know what happened that trigger the huge sell off and price reduction.
Something happened on South Korea that brought fear to many traders.But the fear has been done off now I guess and if you bought during $8,000 you are now in one of your happiest moment of your life.
Because you can now sell.
To this day, when the market rebounded in exchange rates can confirm the sudden drop two days ago is because the investors were selling cryptos because of profit. And now prices have risen sharply again. And if growth continues like this, BTC may increase to $ 20,000 by the end of the year and ETH by $ 2,000.
I still do not understand what was the reason for this fall on the weekend. Fortunately, now the situation has stabilized and almost all the coins have regained their positions.
I think this is just a conspiracy of bad news that attacked bitcoin I see MTGOX make the act again by moving some bitcoin to the exchange place that makes the players fear if dump will happen.
Does anyone know what happened to the market? I know it is a good time to buy but just wanna know what happened that trigger the huge sell off and price reduction.
There are many factors to it and correction of an oversold market is just one of them. There is also the news and fake that affects some peoples decision specially the newcomers as they are forced to react and panic to it. Their is also the influence of the whales and pump and dump groups that will instantly pump a crypto and then quickly dumps its prices to make their profits.
In anticipation of a big increase, "big uncles" piled up prices to buy! In the near future, good news on crypto currency is expected! And we will all fly to the moon!
I think that news about Upbit cannot evoke such fall. That tendence is normal in cryptocurrencies, market was grow in 10% everyday.
I'm generally steering clear of my portfolio at the moment, aside from dipping in now and again to do a quick top up on some. Any news seems to have an exaggerated affect on the markets, so keeping my head above water and building it up very slowly seems to be the only option.
I will suggest you to keep calm because before a major event there always a drawdown happens no need to do panic. Keep your eyes on the market the price will rise soon. And I have heard that there was a problem with an exchange in Korea. I hope this will be solved as soon as possible.
I don't exactly know the reason. But they are always fluctuating in this market. It's a good time to buy and hold coins. If you are patient enough , long term investment can bring you a good profit.
Might just be the markets correcting. I haven't seen any recent FUD that might affect the markets so drastically and I doubt it's the whales as well so.
I think it's because technical factors. Recent weeks we saw increasing of the market and now it's time of correction. I think the correction will stop after the beginning of the Big Conference
It might be that some whale is trying to pump the price and to do that they need the price to fall low and they can buy in. Either that or the market is just following normal market movements and going back down after being up for a while which means it would only be a matter of time again before the price goes back up and we are back in green again.
Before all known consensus conference, it is necessary to make the price of the cryptocurrency more affordable for large players. We are waiting for the conference and the next rapid growth. So for now you can relax
It's bear market once again and this is right time time for buying btc and altcoins at a much lesser value. Current fluctuations seems to be an adjustment period for the crypto coins and once you had bought, then you'll have to hold again and wait for it to recover again. Don't get too much affected by this bear market for it will not stay that long and will revert the down trend back to an up trend mode market.
https://www.ccn.com/8200-btc-moved-from-mt-gox-wallet-possible-sell-off-affects-bitcoin-price/
Is the price down due to this?
Is the price down due to this?
There is many factor which cause that. But I think it's because of Whale. I hope it will recover back and no more any bump again.
I guess the reason of crypto fall now is because of 8500 btc dump recently. This give huge factor to make the market back on red days. But these is not the only one, tgere are big whales or known individual in crypto making fudd for reason to dump the btc price and buy at this low rate. Its will be good on them but for as a small type of crypro user. It will affect as so deeply, so dont trade for now wait to recover the market and be healthy again
Does anyone know what happened to the market? I know it is a good time to buy but just wanna know what happened that trigger the huge sell off and price reduction.
South Korea's biggest exchange UPBIT surveyed, because there is no actual false modified data under the condition of preserving encryption currencies, suspected of cheating investors, influenced by the negative news, encryption back currency market as a whole.
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