Why this sharp drop in currencies ? - page 2.

Kaller

hero member

Activity: 752

Merit: 501

Quote from: South Park on January 18, 2018, 01:46:33 PM

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

Did you mean that the end of BTC is comming Huh

Do not panic sell that is the worst thing you can do I understand that you are nervous since you are new here, but I suggest that before you take any action that you study bitcoin and its price movements not only of this last week but its entire history and when you see things in that perspective the current lost of value is nothing.

And now bitcoin is rising again. Some people panic sold at $9000 and lost a lot.

Zuilhsa

full member

Activity: 296

Merit: 100

The current drop can be due to the ban of bitcoin by south Korean government. People become panic and have started selling. Also another thing the functionality of bitcoin is limited due to huge fees and slow verification times, this makes less trust in bitcoin among the people. If the problem be solved and if transactions are made faster and easier then bitcoin value tend to increase.

South Park

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I am terrible at Fantasy Football!!!

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

Did you mean that the end of BTC is comming Huh

Do not panic sell that is the worst thing you can do I understand that you are nervous since you are new here, but I suggest that before you take any action that you study bitcoin and its price movements not only of this last week but its entire history and when you see things in that perspective the current lost of value is nothing.

Fazlurkhan.kz

full member

Activity: 266

Merit: 114

All those news about the new laws was not the reason for the sharp dump of the cryptocurrencies. It was for the sole purpose for creating panic in those who are new to the market as traders. All to do right now is wait for the market to get normal again which might take some time but hold and if you haven't invested yet then this will be a good time to do so and earn a bit more by holding these cryptos for long.
Don't panic or worry, Drops like these are a normal thing in the trading market. Just wait for it to get back to normal!

BUK2016

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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?

Op, there was no new laws what so ever, but what led to the current decline of the market value of bitcoin and altcoins is as a result of bad news emanating from North Korea on the ban of big crypto currency exchange company and as such panic sell by those who could not allowed or bear the massive lost was another factor though at the moment, the market is returning back gradually.

Kaller

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Merit: 501

This happens every january. There is a drop and everybody starts panic selling.

TERA2

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Merit: 222

Deb Rah Von Doom

It didnt really go down. It just took a breather from going up. You have to realize it had just gone up 2000% in a year and 10,000% in 2 years.

Mankey001

newbie

Activity: 19

Merit: 0

Quote from: marc_a on January 17, 2018, 01:20:55 PM

ITs a good correction. Just if you got into cryptocurrecies the last 6 months. I can understand that you worry alot.
I see it as having sale :0 everything 30% off

Yeah, its a good correction. It is now time for the new investors to come in because as we can see the price had gone big enough and when it returns to green there is no stopping.

marc_a

member

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ITs a good correction. Just if you got into cryptocurrecies the last 6 months. I can understand that you worry alot.
I see it as having sale :0 everything 30% off

friends1980

legendary

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nutildah-III / NFT2021-04-01

Quote from: Hoho29 on January 17, 2018, 01:17:06 PM

Do convert to USD when you feel bad news coming to bitcoin try to keep all in USD to buy again at blood markets . i learnt this lesson today with loosing almost 5000 USD .

You can convert temporarily to USDT. I can think of a lot of reasons not to convert to USD.

friends1980

legendary

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nutildah-III / NFT2021-04-01

Quote from: crazyivan on January 17, 2018, 09:22:46 AM

Quote from: KarlSchwarzschild on January 17, 2018, 09:20:04 AM

Play the long game. It will bounce back. Like it always does.

+1

Only fools sell now.

Dont be a fool.

Uh. Exactly. Don't know at what point you bought, but my netto results are still in bold green and if you really feel to urge to do something: buy.

mahibul49

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Merit: 104

no need to be worry!king will go back again soon

just hold

Hoho29

member

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Merit: 10

HalommmmE is my LOVE

Do convert to USD when you feel bad news coming to bitcoin try to keep all in USD to buy again at blood markets . i learnt this lesson today with loosing almost 5000 USD .

Janine012

newbie

Activity: 88

Merit: 0

Just hold your coins and take this opportunity to buy. Hold for long term😊.

Lawrenzoo

jr. member

Activity: 378

Merit: 2

Wall street are finally having their ways. I knew this would happen the moment they enter the market. Dont worry, dont chicken out, that is what they want so the market can really drop for their own favour.

samsolocrypto

newbie

Activity: 14

Merit: 0

I think the famous currencies are the ones that have affected the market
With some decisions in some countries
It is not the end of BTC and will become stronger than the first
Because it is against centralism
A lot around the world hates the word [central money]

It's a free campaign FOR ALL CRYPTO

OMGyasuo

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Activity: 149

Merit: 100

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

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

Or what?

I think this drop has nothing to do with promulgating the rules of the nations. I think this is the effect of "sharks", perhaps they have been accomplice with each other and cause a bad market at this time to make a huge profit for themselves.

Sunnyyy

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I think bitcoins are down because of the effects of some countries that have banned bitcoins. People are selling bitcoins because they are afraid

RodeoX

legendary

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The revolution will be monetized!

I like it. Cheesy

looking forward to about $6K then perhaps a long slow climb.

tam31

full member

Activity: 143

Merit: 107

Quote from: crazyivan on January 17, 2018, 09:22:46 AM

Quote from: KarlSchwarzschild on January 17, 2018, 09:20:04 AM

Play the long game. It will bounce back. Like it always does.

+1

Only fools sell now.

Dont be a fool.

This is exactly what my friends told me on my chat group. I know that it will recover soon from the price drop, but the newbies will get scared and will sell their coins.

Price drops are very normal this is also normal, because sometimes they spread fuds and people will believe them. In a long term you will make money if you are saving of course.

Topic: Why this sharp drop in currencies ? - page 2. (Read 618 times)