Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
Topic: why the price of crypto seems so volatile right now ??? (Read 248 times)
Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
It always has been like this and judging the question you have asked I think that you are still new to the cryptocurrency market as you have asked our current month which all cryptocurrencies are taking a hit. The right answer here is because majority of the cryptocurrencies made a price rally together with Bitcoin which created a lot of noise, right now the noise had died down and majority took profit.
Looking at it way back you will see that there are really now stable currencies out there at all, as all of them are volatile or subject to change because there are no governments controlling it they are only influencing it the price movements, also the biggest price mover are the whales which are large holders of that crypto they can really make a big influence to the prices.
Looking at it way back you will see that there are really now stable currencies out there at all, as all of them are volatile or subject to change because there are no governments controlling it they are only influencing it the price movements, also the biggest price mover are the whales which are large holders of that crypto they can really make a big influence to the prices.
Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
Well it's not that hard to see why. First, it seems january has never been a good start for btc ever since. And then there's the negative news and fuds here and there ever since bitcoin's popularity boomed last december. We're in a correction right now and it's pretty normal that the price movement is mostly going southwards
Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
1. December was the pump month for whole Crypto.
2 BTC futures are about to expire this month, I don't know how exactly this influences but shorters are gonna win this season.
3. China and Korea regulatory FUD.
Those 3 particulars are one of the biggest reason on why we can see some down trend right now and it really hurt the market badly since it creates huge panic to the people who owns some crypto's. But let's expect that their are big events come with bitcoins so that the positive mindset will cameback on it and we maybe see some slow growth of bitcoins by the time all things are settled in regards on china and korea's fud.
Crypto value will never be stable, and this time the volatility is caused by the uprising in recent few months, and since that time many investors has put thier money in crypto and got so many profit, that is why there are so many pump and dumps now, the investors want to repeat the scene on December to gain a lot of profit
Yep. As long as the cryptomarket is being dominated by speculators, those huge ups and downs are gonna stay. I'm sure 99% of those involved in cryptocurrencies are 'here' to make more fiat money. When crypto gains a stable foothold as a form of currency itself, things will probably smooth out. This could still be years away however. Perhaps it even never happens!
Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
Here is my personal view on why crypto has been very volatile lately.
1. Government around the world is on full attack on crypto.
2. South Korea, who has been a hot bed on crypto suddenly announced that they will ban it (FUD). Causing the price to crash as well.
3. Bitcoin future contracts. CME and CBOE seems to have a negative effect, specially when they are about to expire.
4. China wants to stay relevant. They have been releasing statements lately that is not clear which resulted in massive FUD.
So with that said, we can't really took off as the market is bearish and the price is going nowhere. There's a lot of bearish sentiments, that's why investors are indecisive, its like they are playing the waiting game.
Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
1. December was the pump month for whole Crypto.
2 BTC futures are about to expire this month, I don't know how exactly this influences but shorters are gonna win this season.
3. China and Korea regulatory FUD.
Now Korean government accepts the registered traders to do the trading without any trouble. Now they set back to recover in the price chart. There are some adaption upcoming in the blockchain investments. That will also helps us.
I would add some more reason here, Scandinavian banks banning the users of cryptos from their company, trading and mining projects migration from China to Japan.
Most important one is In end of 2k17 Hackers stolen the 14% percent of the total volume on bitcoin and ethereum
Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
do not panic too much with the decrease in the price of cryptocurrency. I think it's a natural thing, and it always happens at the beginning of the year. keep hold your coin, and do not "panic selling".
Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
1. December was the pump month for whole Crypto.
2 BTC futures are about to expire this month, I don't know how exactly this influences but shorters are gonna win this season.
3. China and Korea regulatory FUD.
yes, these are aspects that may have affected the January dump.
But volatility seems almost an intrinsic feature of the crypto!
Those with a bit of experience in this world know very well that this is normal and happens cyclically.
I am convinced that the BTC will come back up, don’t panic!
any market that keeps going up for a prolonged time needs to have some downtime to slow down and in one word to Correct.
and that is what's happening right now. the correction of a market that grew too big and too fast. as far as bitcoin price goes i say it is dropping more than it should because of FUD and mainly the weird expectations that people have. like the fact that they expected a big drop because of futures contracts,...
and as far as altcoins go, they have always been like this. they have these cycles then they get pumped for a while then continuously drop until they reach the bottom and then work their way back up again to restart the cycle.
and that is what's happening right now. the correction of a market that grew too big and too fast. as far as bitcoin price goes i say it is dropping more than it should because of FUD and mainly the weird expectations that people have. like the fact that they expected a big drop because of futures contracts,...
and as far as altcoins go, they have always been like this. they have these cycles then they get pumped for a while then continuously drop until they reach the bottom and then work their way back up again to restart the cycle.
Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
the answer is very simple that is "Market Trend",
when looking at the price down then the traders immediately sell it instead of analyzing first they think it will be down because there are still many who just become market followers.
when looking at the price down then the traders immediately sell it instead of analyzing first they think it will be down because there are still many who just become market followers.
As you must be aware of the price rally that we experience in last quarter of the previous year, there were some traders booked their profit when Bitcoin reached a high level and as a result, the price fell down. Now at this stage, there are many investors who are willing to buy at this level and on the other hand, some investors are liquidating their funds, so this is a transformative phase and I am expecting this chaotic environment to remain like this for next 2 months. Then after the first quarter of this year, we will see a sustainable increase in the price and there might be a fresh all-time high level in this year itself. So I don't think there is anything to worry about current volatility, it is extremely normal.
One reason is all these FUD coming from Asia, first china wanting to ban bitcoin, then South Kores supposedly wanted to stop the crypto currency trading etc... On top of that rumours say that because futures are coming to an end today, they pump'd bitcoin in december so they could short it from then until today and make tons of profit... Let's see what happens from today on after the CME contracts expire.
Push = Pressure.
It's a cycle,
Everything need to stabilize itself before make another decision and to load it up to gain a profit.
If Bitcoin keep moving upward without a correction,
What is the point of trade ?
They need to maintain its equilibrium in order to get profit from it.
No matter what we're facing right now,
(FUD,news or even some good news later on)
It won't change the fact that we're exhausting ourself to push it to this point.
It's a cycle,
Everything need to stabilize itself before make another decision and to load it up to gain a profit.
If Bitcoin keep moving upward without a correction,
What is the point of trade ?
They need to maintain its equilibrium in order to get profit from it.
No matter what we're facing right now,
(FUD,news or even some good news later on)
It won't change the fact that we're exhausting ourself to push it to this point.
Everything is very simple. Now the market is on correction after a long growth in autumn and winter of last year. Therefore, we are now seeing such a picture with prices. Constant growth does not happen. In the market, everything is cyclical: growth - fall (correction) - growth and so on.
Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
Crypto value will never be stable, and this time the volatility is caused by the uprising in recent few months, and since that time many investors has put thier money in crypto and got so many profit, that is why there are so many pump and dumps now, the investors want to repeat the scene on December to gain a lot of profit
Yep. As long as the cryptomarket is being dominated by speculators, those huge ups and downs are gonna stay. I'm sure 99% of those involved in cryptocurrencies are 'here' to make more fiat money. When crypto gains a stable foothold as a form of currency itself, things will probably smooth out. This could still be years away however. Perhaps it even never happens!
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