Topic: Why price going down today? - page 2. (Read 2159 times)
Its a correction, hopefully a healthy one. We need some stabilization before climbing up again.
Tom many people was waiting to 5k usd to come, so the price dropped just before.
We take to crack the 5k resistance, that's a huge psychological limit, like 1k was and 10k will be.
We take to crack the 5k resistance, that's a huge psychological limit, like 1k was and 10k will be.
You have hammered the correct. E3 of 6 Bitcoin down-trends happened after it rose more then 3X in 1 months. 5K is the automatic limit may investor set to "sell" if the coin rose to that level.
As someone who has made over $2.8M in BTC, I can tell you - don't sweat it. Its got a LONG way to go up. Buy the heck out of it now if you can. Most other coins are tied to the BTC downtrend in some capacity.
Please look at 30 day ROI vs WTF is HAPPENING this hour. lol
This happens because of the high market interest in bitcoin and traders selling most of their altcoin, but now there has been a price correction on bitcoin because almost all altcoin is red, this is very convenient where fluctuations continue to get attention, and is the right time to increase the price back .
Do you think that the price will only grow? 
Why bitcoin, litecoin,dash, ethereum price going down today?
If you don't know then don't play. Seriously, you are gambling not investing... 
price goes up, people take profits
Bitcoin and other altcoins can not always grow smoothly in price. One of the features of the crypto currency is its volatility. Therefore, sharp jumps in the course should be treated calmly as an inevitable process. A little equal in price and will grow further. Undoubtedly, their course is influenced by various external factors, such as statements by governments of different states and it also introduces a correction in their course.
I wouldn't say volatility is a feature, more like a drawback.
If you mean volatility as in it can moon and dip pretty fast then yea, it is a feature.
Correction is overdue asf. Maybe September will be the month.
Its probably a correction, most alt prices are heavily attached to bitcoin's price and btc just lost 400$ in a couple of hours earlier today, keep your emotions tight!
Traders probably had orders for sales in the area of $ 5,000. After the orders for sales have worked, traders-robots began to sell.
As a result, the price dropped.
As a result, the price dropped.
It's hard to know the reason since almost "everything" is going down today. I can only guess that there are groups of cryptocurrrency investors cashing out their profits to fiat which would be a reason for the drops and causing a ripple effect. People see the main cryptos drop so it leads to panic and so forth. Just stay calm and ride it out.
I agree with opinion that bitcoin falls other alts should ld raise. But after long up trend this is just correction and also is weekend so prices goes a little down so time to buy something.
Why bitcoin, litecoin,dash, ethereum price going down today?
My opinion it's just because week end, nothing else. The price going up or down no one knows the right answer, that's why as trader/ investor we must prepare our self. Every week end, most investor/ trader exchange their coins into currency and that's why the coin price go down ( my opinion ). Nothing to worry about the price fall when week end, but you have to make decision to buy or sell, that's it. Stay calm and have a nice day.
Finex got to $30 before $5,000 and then it just crashed, it looked like a huge fakeout and margin call everybody on their longs
I'm hoping all will go up again because I'm trying to make a fortune by buying altcoin at the time the price drops, I hope gets a profit at a time when prices rise
Bitcoin and other altcoins can not always grow smoothly in price. One of the features of the crypto currency is its volatility. Therefore, sharp jumps in the course should be treated calmly as an inevitable process. A little equal in price and will grow further. Undoubtedly, their course is influenced by various external factors, such as statements by governments of different states and it also introduces a correction in their course.
Weekends are usually red, then monday comes and it's all up again. It doesn't happen every week but it happens often and can be a pattern of businesses and traders that only work during the week and want to close all positions.
Don't worry. The cryptomarket will be recovered by Tuesday. Ethereums will hit all time high, Litecoin will hit 100$ dollar next week and BTC will go back to 5000$
Many altcoins dumping right now with btc. But there a lot coins that are going sideways. I think many investors wanna save their profits with selling bitcoins. So if they have some altcoins theyre going to sell them for for btc and btc for fiat. Maybe we need to shake out thoose guys, before we can go up again.
Crypto currencies have the unbelievably high volatility - the daily change should worry you as for me. I recommend focusing on the monthly and annual dynamic to get the real idea about the possible future of rates.
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