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Topic: Why Cryptocurrencies are falling today? - page 5. (Read 500 times)

full member
Activity: 448
Merit: 110
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.

It is normal occurence in crypto market, it is not always green or what crypto is volatile it can experience upsand downs. It is always good to buy @ low price knowing that it will comeback again in the future.
full member
Activity: 532
Merit: 100
many factors influence. one of them in my opinion is the number who sell from the buy. this may be the effect of soaring prices that occurred late last year.
full member
Activity: 756
Merit: 100
indeed that is the world of cryptocurrency, will not forever continue to increase, and otherwise will not forever experience a decline, this is certainly the case, because a few days ago crypto was really at the highest price
sr. member
Activity: 630
Merit: 251
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.

The current plunge can be traced to a raid on the offices of the Korean Exchange UPbit by Korean Prosecuters. Since Korean Exchanges are forbidden from having foreigners as clients whatever the outcome will be highly localized and presents an enourmous gift to those looking to buy prior to the Consensus 2018 conference in New York.

Here is an article on Bloomberg about the raid. https://www.bloomberg.com/news/articles/2018-05-11/cryptocurrency-exchange-upbit-raided-by-south-korean-authorities


I also heard the news and I'm sure all users on the exchange are selling all of their crypto assets in a panic and creating dump.
https://www.google.co.id/amp/s/cointelegraph.com/news/s-koreas-largest-crypto-exchange-upbit-investigated-by-police-markets-react/amp
full member
Activity: 770
Merit: 102
Matrix Built On An Ethereum Smart Contract
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.

The current plunge can be traced to a raid on the offices of the Korean Exchange UPbit by Korean Prosecuters. Since Korean Exchanges are forbidden from having foreigners as clients whatever the outcome will be highly localized and presents an enourmous gift to those looking to buy prior to the Consensus 2018 conference in New York.

Here is an article on Bloomberg about the raid. https://www.bloomberg.com/news/articles/2018-05-11/cryptocurrency-exchange-upbit-raided-by-south-korean-authorities

jr. member
Activity: 196
Merit: 1
Thanks. Can I say that they buy and hold them for a couple of weeks for this case and sell them since past couple of days?
member
Activity: 378
Merit: 16
Cryptocurrency is falling today because of market corrections because the market is currently oversold and most traders would always maximize their profit in a short term. Traders and whales doesn't always buy coins and stock them up, most of them just buy at low and sell at high in a oversold market.
jr. member
Activity: 196
Merit: 1
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.
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