Why do you think the market is down right now? - page 28.

googs84

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Quote from: PoseidonF on August 07, 2018, 12:20:23 PM

is it all that is going on with regulations?

Big whales just waiting?

People do not believe in crypto anymore?

is it trouble in some countries in ASIA with laws and regulations?

is it all that is going on with regulations?

I am sure that is related to country wise decisions and it will affect the local market as compared to the whole market or global market in short.

Big whales just waiting?

They are not really waiting, they are acting and that is why the market is getting manipulated heavily and thats the reason market is dumping or could be one of the great possibility of happening this.

People do not believe in crypto anymore?

Thats barely the reason for crypto currencies going down. I am 100% sure for one investors that is leaving the crypot there are 100 more taking his place. Tongue

is it trouble in some countries in ASIA with laws and regulations?

Again the local market thing, see my point number 1.

maydna

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Quote from: PoseidonF on August 07, 2018, 12:20:23 PM

is it all that is going on with regulations?

Big whales just waiting?

People do not believe in crypto anymore?

is it trouble in some countries in ASIA with laws and regulations?

I don't know if the market down is because of the regulation because I am not reading the news about the regulation from which country. these situations make many traders afraid to enter the market because the market is not stable and it is too risky to trade so they prefer to be safe for a while. people still believe in the cryptocurrency but they want to wait for a while until the market becomes stable so they can start trade again. I don't think that this is because of the countries in Asia that applying the regulations and the law because as far as I know, the cryptocurrency market depends on the supply and the demand from the people.

Labay

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Quote from: eann014 on August 07, 2018, 07:50:00 PM

Quote from: PoseidonF on August 07, 2018, 12:20:23 PM

is it all that is going on with regulations?

Big whales just waiting?

People do not believe in crypto anymore?

is it trouble in some countries in ASIA with laws and regulations?

In my opinion, big investors already quit into bitcoin, because the price is too low now and they think Bitcoin is slowly dying now, but in my opinion, let's prove to them that bitcoin is not going to die, it is just taking its right time for the recovery of the value, who knows? we can have another ATH's for a year now.

There are too many investor who quit by cryptocurrency because of the price and that's why it affect the circulation of the price. The more the biggest demand that lost, the more the price dump. We see that when the price drop, it also drop more because they quit. It is the cycle of bitcoin and soon it going rise and there are too many investor regret on what they've lost.

coly20032003

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Not sure why the market is down right now, there are some negative news about crypto market recently, maybe relate to that. Or maybe relate to some big whales. Seems that ETH is only around $300 now, which is far below its once highest price. I still hold some ETH and BTC, hopefully it can recover soon.

bungutko

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This could be the lowest market dip for btc and altcoins since the start of 2018 and perhaps this dips could be due to some whales market manipulation. These whale investors are just waiting until the lowest lowest level it will reach before buying huge amount of btc in the market and will obviously wait for the bull market to happen then sell right after they earn huge amount of profit from their btc investment.

putriliesma

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My opinion is because many people try to invest in bitcoin and make the price go up and down. Of course because it makes the price chaotic and the longer it goes down the more I see.

pattley

newbie

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I think the market is down because the tree is being shook. The big boys are getting in right now and they want good prices. I think the weak hands and the inexperienced are getting a lesson right now. This may take a time to recover depending on how long they need to accumulate.

2start

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as you said, why the market is down is because a lot of negative news is spread and it makes "People don't believe in crypto anymore"

HSRP

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Quote from: yohananaomi on August 08, 2018, 04:10:04 AM

It seems that there is a lot of information on the news that some social media who do not accept crypto so that the sentiment also affects many who panic over the news, but the time will be stable once the information is clear

I believe it will recover and take new steps. The market is affected by external influences that affect the overall financial market. Time will tell everything, be calm before the changes. It is also the challenge of human mind. Passing you will be the winner.

rembad

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I believe that now is the time to engage in any activity related to the crypto currency market. If you do not have enough money, then it's better to look for interesting projects through the bounty campaign.

anntlevel

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Quote from: eann014 on August 07, 2018, 07:50:00 PM

Quote from: PoseidonF on August 07, 2018, 12:20:23 PM

is it all that is going on with regulations?

Big whales just waiting?

People do not believe in crypto anymore?

is it trouble in some countries in ASIA with laws and regulations?

In my opinion, big investors already quit into bitcoin, because the price is too low now and they think Bitcoin is slowly dying now, but in my opinion, let's prove to them that bitcoin is not going to die, it is just taking its right time for the recovery of the value, who knows? we can have another ATH's for a year now.

Right now, the market has started recovering after a long dump and that we can expect that the market value of the crypto coins will rise even higher in the coming days as the dark days are over now. It is the time to either buy more number of the crypto coins or to hold the coins which you already bought as this will then help you in having more money which you can use for your better living.

xirtaeboddik

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Quote from: PoseidonF on August 07, 2018, 12:20:23 PM

is it all that is going on with regulations?

Big whales just waiting?

People do not believe in crypto anymore?

is it trouble in some countries in ASIA with laws and regulations?

The dramatic dump of crypto-assets is the main reason why the market is down right now, and this dump is obviously caused by the postponed SEC decision on ETF. This created dilemma in the investors or players. It's not that the people don't believe in crypto anymore. It's just that they are uncertain about its future. Its future is very positive and promising yet volatile. People want to make quick profit, and many cannot stand these fluctuations anymore. Many have gone impatient and are selling off. That's why we see a bloody market now.

Caogou

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The trend of the cryptocurrency market has been affected by many factors, but I don’t know what caused this recent waterfall, but I think this decline must be related to the whale!

raraibodas

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Crypto market down because breaking news that the winklevoss twins application for a bitcoin exchange-traded fund ETF has now been rejected by SEC

HSRP

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Quote from: yohananaomi on August 08, 2018, 04:10:04 AM

It seems that there is a lot of information on the news that some social media who do not accept crypto so that the sentiment also affects many who panic over the news, but the time will be stable once the information is clear

It is possible that newcomers are still bewildered. And they may borrow somebody to invest their money, so they can not pay back their debts. So many sellers have had a direct effect on the market. There are also quite a few people who have such sales or others to influence the market. Therefore, there is a need for a more civilized community to participate in good sales.

John_Davis

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Humans have a natural desire to find causes for everything that happens around them when sometimes those causes are not easily discovered. This is why sports commentators will always have a good reason for you about the performance about your favorite team. They want to make you feel comfortable and say "ahh, ok" instead of sitting there in wonder and frustration. It's the same with markets. Watch headlines do complete 180 degree switches from "this caused that" to "that caused this" after the market hits a price rejection point. Markets bounce. End of story.

Ridwan Fauzi

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Quote from: sunsilk on August 07, 2018, 05:42:15 PM

Quote from: PoseidonF on August 07, 2018, 12:20:23 PM

is it all that is going on with regulations?

Regulations or not, it's all caused by the market itself. Having more people that are selling today cause the market to go down.

One of them who can change the market condition is information/news whether it's regulation or other things. Recently, you can see the price drop is caused by the SEC which delayed its decision. It has become a culture especially in cryptocurrency market movements be it price up and price drops an investor will depend on information when they have the decision to sell and buy bitcoin or altcoin. If it is only caused by the market itself, in other words, a trader who relies on TA the decline in market prices will not be as big as it is now.

Kemarit

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Quote from: PoseidonF on August 07, 2018, 12:20:23 PM

is it all that is going on with regulations?

Probably but its not the only factor. Yesterday the SEC decision on Bitcoin ETF was postponed till September. That's one reason why the price suddenly slump again below $7000 and we might see another bottom. But please don't panic.

Quote from: PoseidonF on August 07, 2018, 12:20:23 PM

Big whales just waiting?

Whales will be whales. They will take advantage of every market situations.

Quote from: PoseidonF on August 07, 2018, 12:20:23 PM

People do not believe in crypto anymore?

No. There are people who still have faith in crypto. If many have lost their believed then the price should be on the 3 digit mark already. But the price is still going strong despite the many bumps that we encounter this year.

Quote from: PoseidonF on August 07, 2018, 12:20:23 PM

is it trouble in some countries in ASIA with laws and regulations?

There might be trouble not just in Asia but all over the globe. But we all know that crypto is unstoppable and you have to remember that there are nations who is very friendly to bitcoin and crypto as well.

carter34

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From what I'm seeing, I believe the market is down because of the outcome of ETF and unfortunately, I think we are still going to wait till September 30th. Investors are not having confidence in the market, they are withdrawing their orders.

samelvis

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Marketplace is controlled by many factors but of recent I think the cause of the recent dip is due to the postponement of the ETF meeting. Hopefully the effect will wipe off and market will be green again

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