Why this sharp drop in currencies ? | Bitcointalksearch.org

gabmen

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Quote from: btcrut2017 on January 24, 2018, 03:13:24 AM

Quote from: samsolocrypto on January 17, 2018, 09:26:22 AM

I know this very well Grin

This is the opportunity to buy Wink

Yes, this is the opportunity to buy while the value is not that high. Volatility always creates opportunity. This drop in cryptocurrencies is normal because many governments threatens to ban trading sites and it creates fear to some.

Don't panic and seize the opportunity while you have the chance.

You probably entered btc at a later time. If you've been here long enough, you'd know that btc is still way above its price a couple of months ago. People it seems, got too carried away when btc hit 20k usd that's why expectations are really high, so is the disappointment

timerland

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Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

There are two things that have contributed to this price drop. One is that periodically bitcoin has pretty big corrections, usually 30-50% before bouncing back up and a new bull season emerges. This time is no different. But that's not the only reason, it is also because of new laws.

Recently, Indonesia has basically said that it does not support bitcoin, and China has increasingly shown hostility towards bitcoin users, especially miners. These have all influenced the price movements a lot, meaning that people are dumping the coin like crazy right now.

But the good news is, the floor is $10k and it's rock solid. We've tested it 3 times already, and every time it reached $10k it has bounced back up.

btcrut2017

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Quote from: samsolocrypto on January 17, 2018, 09:26:22 AM

I know this very well Grin

This is the opportunity to buy Wink

Yes, this is the opportunity to buy while the value is not that high. Volatility always creates opportunity. This drop in cryptocurrencies is normal because many governments threatens to ban trading sites and it creates fear to some.

Don't panic and seize the opportunity while you have the chance.

palle11

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What is simply going on in the market is just uncertainty especially with bitcoin, that then is giving altcoin some panic. Off course we should expect this dull moment for cryptos because bitcoin is the supreme.

Also, it should be expected after the whole bullish run withnessed from bitcoin. The shielding will continue until the fears go off.

lablab03

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Quote from: samsolocrypto on January 17, 2018, 09:18:17 AM

Did you mean that the end of BTC is comming Huh

stop asking about the end of bitcoin cause its impossible to happen even before when bitcoin price fall into 6k there was no end how much more now cause as we see the price is not totally down and the price still expensive so there's no end as long many people using and holding bitcoin that ending will never exist.

crisanto01

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Quote from: AjithBtc on January 22, 2018, 06:27:31 PM

Quote from: Diced90 on January 22, 2018, 05:37:10 PM

Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

All the above could contribute towards the decline of the value of our coins but as for this new year 2018 i think laws(regulations) are whats putting stress on the market but once this gets out of the way we should be going to the moon.

Yes, the new laws and the banning from countries that were flourishing good on the cryptocurrency usage is the major reason for the ongoing price dump. Periodically the price gets retained making people understand the real scenario and believe in the price recovery and mark new ath.

Even if there are lot of countries that doesn't ban bitcoin still they have a big impact about the dumping of the price, we are all investors of it and we are contributing for the price of bitcoin and sad to say that one of the reason for the sharp dump of it was the creation of panic for all investors, whenever they are seeing bitcoin price slowly dumping they are beginning to worry about what they have and selling some of it or worst all of their coins.

AjithBtc

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Quote from: Diced90 on January 22, 2018, 05:37:10 PM

Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

All the above could contribute towards the decline of the value of our coins but as for this new year 2018 i think laws(regulations) are whats putting stress on the market but once this gets out of the way we should be going to the moon.

Yes, the new laws and the banning from countries that were flourishing good on the cryptocurrency usage is the major reason for the ongoing price dump. Periodically the price gets retained making people understand the real scenario and believe in the price recovery and mark new ath.

Diced90

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Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

All the above could contribute towards the decline of the value of our coins but as for this new year 2018 i think laws(regulations) are whats putting stress on the market but once this gets out of the way we should be going to the moon.

juicyjanet88

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Quote from: DPoS2 on January 22, 2018, 05:23:14 PM

Quote from: Denker on January 22, 2018, 11:34:42 AM

More correction likely.
Expect at least a double bottom.
So 9k is in reach again.
If we can't hold this level, we will go down to 8k.
I would like to see the price to move up. But reality is we are still in the correction and as long we don't see any significant buying pressure pushing us up, I remain bearish.

bitcoin likes to drop down about 1/4 from peak so we probably will see $5k again but $8k seems healthier unless huge push comes and then moons are back in sight

Don't think we will see 9k again, 8k at worst seems about right, it seems to be a testing of the bottom again, let's not forget that last time we reached around 9k with a lot worse news and FUD. I think the bottom this time will actually be higher, around the 10k level we are at about now.

DPoS2

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Quote from: Denker on January 22, 2018, 11:34:42 AM

More correction likely.
Expect at least a double bottom.
So 9k is in reach again.
If we can't hold this level, we will go down to 8k.
I would like to see the price to move up. But reality is we are still in the correction and as long we don't see any significant buying pressure pushing us up, I remain bearish.

bitcoin likes to drop down about 1/4 from peak so we probably will see $5k again but $8k seems healthier unless huge push comes and then moons are back in sight

burner2014

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Quote from: Denker on January 22, 2018, 11:34:42 AM

More correction likely.
Expect at least a double bottom.
So 9k is in reach again.
If we can't hold this level, we will go down to 8k.
I would like to see the price to move up. But reality is we are still in the correction and as long we don't see any significant buying pressure pushing us up, I remain bearish.

We are bound to this drop as it was expected to drop in the price due to the fact that we are affected with their decision in blocking the crypto currencies in accessing to their local and offshore which has a material impact for us.
Although, this month was something big and we have encountered a big correction that would be just a temporary although hard to see that it would rise to $20k this month.

Denker

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More correction likely.
Expect at least a double bottom.
So 9k is in reach again.
If we can't hold this level, we will go down to 8k.
I would like to see the price to move up. But reality is we are still in the correction and as long we don't see any significant buying pressure pushing us up, I remain bearish.

Metherry

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bitcoin need big correction after very big rising price.
Correction is your way to make profits, but in the opposite direction. Just as profits are made when the price rises to $ 15,000, you will make profits if the price drops to $ 7,000.

market growth and being one of the biggest markets in one year only.
crypo market need more correction and more correction.

Thus, the story will continue until we reach a certain level of stability, which will happen when the market capacities rise to a high extent.

adam1230

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as usual drop begins with altcoins than it continues with major ones. price drop started with small capped coins and not touching to ethereum much.
this is going to ethereum leadership in crypto coins. if ethereum continue to rise then king is going to change.

malikusama

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Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

The uncertainty of bitcoin price is the major reason behind all this, the whales are in power for creating dips and yes due to a huge downfall of bitcoin alts also have survive certain dips.
Neither a bad nor good news, the market is still unpredictable because the huge investment is diversified, no new laws just a different approach of traders in the market with variety of coins.

rommelo24

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Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

It is just simply because the supply is high and demand is low. Out of fear of cryptocurrency exchanges sites ban of some countries many sold their bitcoin.

Mark Promo

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Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

The usual speculation of investors who decided to make money on the fall of the exchange rate. We will see more than one such fall, followed by a slow rise upwards.

Kaller

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Quote from: The Scorpion on January 21, 2018, 03:59:58 AM

New laws? No, as far as i know, it all was fake FUD coming from Korea + China saying that they were going to regulate bitcoin and crypto mining, but it all was fake, so nothing happened.

A lot of people tried to dump the price, and it happened, and the price is slowly recovering right now.

Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

They have regulated mining in China. It was not all FUD.

RogetBaxX

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Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

Indeed it was obvious that at the beginning of the year this will happen. But I think in a week everything will improve, and many have now invested and that now sit down to panic and think about what to do. In general, while you forget about the crypt.

The Scorpion

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New laws? No, as far as i know, it all was fake FUD coming from Korea + China saying that they were going to regulate bitcoin and crypto mining, but it all was fake, so nothing happened.

A lot of people tried to dump the price, and it happened, and the price is slowly recovering right now.

Quote from: samsolocrypto on January 17, 2018, 08:57:28 AM

Bad news??? The market is emerging??? New laws Huh

Or what?

Topic: Why this sharp drop in currencies ? (Read 618 times)