Topic: Why is everything red again - page 4. (Read 2718 times)
Not just all bro, ad also partly up
Okay, so a few days ago (this Saturday) we have seen a terrible picture on coinmarketcap, for all the currencies were red (the price went down and so did capitalization). I thought the reason was coinbase and some big technical issues there. Yesterday everything was slowly getting back to normal. Almost all of the currencies went 'green'. Why is everything red again? Is it really some big problems with altcoins? Is it the end of big pump? Or maybe it is just the continuation of unexperienced panic sellers that started 2 days ago?
Monero is up by 10%.
I guess people will be more cautious what to buy now. Lots of new people come to crypto last few months. They are not used of corrections. They also started reading where they put their money and lost over night 40%.
Coin marketcap's gainer/loser status is based on a 24 hour day, so if the coins are under what they were trading 24 hours ago, or bitcoin rises more than the altcoin does, it will show the altcoin went down, since the percentages are based on the relative price to bitcoin.
I am also thinking about this and the way every altcoin get red but I think this normally happen every week end most and I also think this can be as a result of panic seller which make the market unstable,maybe today we will see all altcoin become green again and we should be expecting some kind of pump coming soon for all altcoin ,so it is a good idea to buy some cheap coins now and sell high later when they get pump
Okay, so a few days ago (this Saturday) we have seen a terrible picture on coinmarketcap, for all the currencies were red (the price went down and so did capitalization). I thought the reason was coinbase and some big technical issues there. Yesterday everything was slowly getting back to normal. Almost all of the currencies went 'green'. Why is everything red again? Is it really some big problems with altcoins? Is it the end of big pump? Or maybe it is just the continuation of unexperienced panic sellers that started 2 days ago?
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