Bitcoin Forum

Why is everything just a sea of red these past couple of days? I know the FUD with South Korea was the cause for the first major dip, but since then, all that has been figured out but the market is still just being slaughtered.

Anyone know of possible reasons why?

People are selling and selling market going down , billionaires Investing at this time they know price will go up definity
 
South Korea case not solved till, people are in tension now and they are dumping their coins to recover the loss , those who buy at all time high they are in loss currently . coins like etherum and bitcoin gold are booming in the sky since this issue created. also bitcoin fees are costly now average fees 0.001 Btc which is approx 15$ , normal bank fees is around 20$

main reason system network fees

if you see long term investment report then its good to invest in bitcoins price may reach more than 1 lakh dollar by 2020 year

It seems that the crypto market is adversely affected by attacks on bitcoin from bitcoin cash. Attempts of bitcoin cash owners to appropriate to itself BTC conduct to uncertainty among investors. Therefore it is not clear where the bitcoin goes up or down.

I am a newbie in this but of how much I have read about bitcoin, I understand that it has gone up for a long time without having corrected its price and upon reaching these famous dates, many have withdrawn their investments, now we are entering the Chinese New Year and it is possible that the btc continues to fall as it approaches the date.

everything?
only bitcoin matters and that is nearly stable with little ups and downs.

the others which are altcoins are still getting pumped and dumped like always. the things you are seeing red in past 2 days are those which were pumped 3+ days ago so now they are getting dumped and others which you don't see are now getting pumped and are green.

the south korea FUD had some effects but it didn't actually hit the market as hard as some people think since we're still getting red numbers.

About altcoins, i'm not surprised that most of the altcoins are going down. On one hand, they got a massive influx of new money over the past month that increased the global market from $200b to over $540b in less than a month, one could think that a correction is already . On the other hand, could be market manipulation by those with big pockets who realized that they can make a lot of money by manipulating the price with pump and dumps here and there. Expect to see more of this in the future.

And about Bitcoin, just usual volatility, nothing to be worried about. And i'm happy that we're still in such "low" price range, I'd rather see some consolidation between 13k and 15k for some time, than going straight to a new ATH.

I don't like to see everything in the red but I don't really worry about things like these too much.
When there's blood in the streets.. ;)

They are probably just pulling their money out of other alts and putting them into those two that are getting pumped in the hopes of making a quick profit. Once those two gets dumped they'd just go back to their normal activity.

I think the reason is trend line. news is only supporters. bitcoin is currently on downtrend. but i do not know about altcoin. when bitcoin rises, altcoin down. when bitcoin down altcoin also goes down. so what causes it to happen ..?

Yes, the South Korea FUD has minimal effects and not the massive dump that the market have expecting. But since the South Korean government has quelled the speculation, I think the only logical reason is that the investors are just cashing it out.

https://cointelegraph.com/news/official-no-cryptocurrency-trading-ban-in-south-korea-government-says

I think it's the Korean thing that hasn't been solved yet, so people are overwhelmed, and I feel very nervous today, and I have sold all of my coin

There ain't no steam. January's traditionally been a pretty crappy month anyway and it's off the back of a year-long bull run. That's inevitably going to smart when it runs out of enthusiasm. There are probably many people out there now wondering what the hell they put their hard earned money into.

You must know by now that its not always about greens and up trends as the cryptocurrency market is so volatile and that many people by now are satisfied by their profit giving the prices to go down more together with the FUD. Instead of questioning it and act so surprised by the plunge of the market you must be buying right now as everything is on a discount goving you a chance to maximize your profit.

if that is the one reason why bitcoin is got a major dip it also cause the transaction so it can maybe the market can still slaughtered.

Many people now are in panic due to downtrends of the market and afraid to lose their money but isn't wrong ? red indicates a decrease yet we withdraw our money and tend to more decreasw in value of a coin. I think if it will continue to happen, the banning of exchanges in world , fees are going to be more higher as demand of people to exchanges will increase and they are going to abuse it.

market has to take a rest sometime too ;)
and right now traders are getting out to go back to their lives. solid coins like bitcoin are holding up though because there is always more demand for bitcoin. but the altcoins always get pumped then take a lot of victims who lose money then the market gets empty of them for a while before they feel strong again to invest and lose some more money.

When I see a red market like that, I turn off the PC and I come back a few days later, when everything is in the red there is nothing to do, except watch the storm pass

It seems Bitcoins dominance is dropping every day do to increasing tx fees. 

Just another day in the world of cryptocurrency. From my point of view,  Ethereum is the rising star nowadays and eveyone is getting in on the hype, selling their alts and BTC's for ETH. Once it reaches that all time high, sell back to BTC or alts and have a pat on the back.

What do you mean only Bitcoin matters? Bitcoin is slowly losing market dominance day by day and it's not even a currency anymore. It's more of a store for value now. Eventually, other currencies will overtake BTC.

BTC is not the only thing that matters. Later on it won't matter at all.

    The way i see it, the south korea issue really has something to do with this. But if you look closely at the recent charts and a few weeks older ones. You will see that the south korea issue isn't really the only reason as to why this sea of red prices in portfolios phenomenon is happening. Clearly, a lot of investors are taking profits and investing in better coins will some really just wanna take profits or cut losses. That is what i think. But whatever it is, it'll be over soon. Prices will eventually be going up again sooner or later this year. Might even happen on the next month. Who knoes? So just relax. Keep calm and hoodl.

From the previous FUD like MEW hack and banning korean exchanges was really a concerning. If people are not being secured by a good news that can concretely support the false issue, the market will still in blood bath. But there are currencies that are not affected by this FUD like ETH which are a bit more stronger this past week after its ATH. Hope nextweek, some good news would happen.

Umm what? Ethereum is dropping too. Granted, it dropped the least percentage wise than any of the others in the top 5, but the overall trend is bearish.

Either way, I don't think this is any cause of concern. I would be more worried if Bitcoin was the only one falling while the others are rising like what happened a few weeks ago. This is just normal market movement. I remember when hitting $500 billion market cap was a big deal, and now being down to $700 billion is suddenly concerning lol.

Reds came from newbie investors that currently in panic situation to cut their loses from that FUD with south korea. the mainly suffering this REDS are those investors who invested in bitcoin at high cost. luckily the dip is not going deeper. but im sure sooner or later after this tragedy all coins mostly bitcoin will move and pump again with a bang.

I just started trading a month ago and already tripled my capital and Im happy and almost convinced I could be good in trading but this week I find it hard to make profits and got trap with my current purchases and don't know until when this red market continue.

Not so much red for me, i even have a lot of grey thanks to wager and darcrus and stratis ;)

Well i sense some pride on your part and so instead of thinking that you have come to the end of the knowledge of trading by your early successes i will urge you to learn more  on it and don't get carried away else you might regret later if things turn out even worse.

Last 24 hours being more or less stable for ETH and not many of the coins have given spectacular rise other than SNGLS, LRC which has moves by  30 - 40% . ETH on other hand is being the coin for 2018 till now and holding it seems to better option at present than btc.
 

Some has the red marks these days while ethereum is on top nowadays. Price is increasing but I think once bitcoin will uptrend its value again some alts will in red days. Yes most will ofcourse go back to btc so lets ride with these crazy market.

But it's not all right, but the alts do not stay on the same level for a long time, they will rise slightly and fall. And you looked exactly at the time of the decline of most coins and saw red numbers.

Honestly I love a huge dump in all alts, and then I will buy at super low and sell at high greens. ;D

Because of the fud of South Korea, i bought cheap altcoins at less than 60% of the ATH, so i have already made more than 60% from that dip, since almost all the altcoins have recovered from it. If it wasn't from it, i couldn't make that profit, lmao.

meh, you are being too dramatic.
right now we are seeing the other side of the coin. which is the dumping part of the altcoins. back when they were pumping constantly you should have prepared for this time but most people forget it until it is too late and their wallet/portfolio starts showing them red numbers and then they realize they are under a huge load of dump ;)

besides this is January and this month is the month for little action, which is what we are seeing in bitcoin. and the reason why traders have been active a little more in altcoins.

last week many Regulations rules try to make virtual coins under control.
many bad news make  The Red Market  (expect ETH )
What you see in red, some see as an excellent opportunity to achieve high profits, as it is the state of the market, day in red and day in green.
Volatility is not a problem, but the currency path is the problem. If the path is high, as in bitcoin, all things are excellent.

I bet there are a lot of them, especially among the newcomers. I'd like to say to those people to stay calm and just wait maybe couple of months or a bit more. Unless you want to lose some of your money do not sell your BTC now if you bought it at $18,000+. Look carefully at the history of Bitcoin and you'll see that there were much bigger drops from which Bitcoin recovered successfully with time.

What happening right now is the downside of bitcoin, we have seen it increasing well obviously it has an opposite effect and i think that is what happening right now. We are seeing it dropping which is normal on the market because many people are trying to sell their bitcoin which has a low demand these days , but i guess it won't last long time for it to rise again.

All transactions are anonymous, so it really difficult to pinpoint what causes this red days. Based on my analysis the big aspect affecting this forks is the announcement on north korea to file a bill about banning cryptocurrencies especialy the top on the ranks. Though it is not solved i think many of investors on cryptocurrencies sell their holdings and wait for the stable time to invest again.

I just heard about the red market ... because that often people hear the black market ... yes maybe that connotation is not good .... and people think that black market place dark goods

well the first and main reason is that BTC went up to 20k in a very very short time. The situation just shouted for the correction. Anybody who knew anything about trading could tell you that. My uncle who knows nothing about crypto told me that a correction in crypto markets was coming. Anybody who was surprised that it went subsequently down can only blame themselves.

  

This is the altcoin that has gone up in the early stage. When the profits are being extracted, you can not see much of the mainstream bitcoin and ETH. Even ETC is accelerating. It doesn't need to worry too much. I think the impact of South Korea's news is being dissipated and the market will come back soon.

We can't take away that FUD is really one reason why we have seen crypto currency going into red. We can say that South Korean could be one parameter, but there are other reasons like people are simply cashing it out. Today, some of the coins are still in red, however it looks like they are starting to recover once again. Bitcoin itself is climbing slowly and on green right now.


I have to agree with you that it went up really quick is short amount of time. We though that it will be a smooth sailing getting to $20K, however, we have seen a reserve movement up to today. It's still January and a long way to go for us. Once we gain steam, we can all go and look forward to $20K.

The red market is very visible and the reason is that the whales are now dumping their coins. The even in South Korea may have an impact to that red market bu the overall reason are the whales. They are finished hyping up almost all coins they can find in the market and now they are selling it which causes a panic selling. This resulted in then red market scenes that we observed recently.

this time we see the red candle in bitcoin and altcoin but I don't think that all altcoin will be red candle because of there still a coin that trying to survive in the red candle.but I realize that there is a panic selling from people in the exchanges and it seems triggered the price to get down again. but I am sure that this conditions will not stay for a long time because there will be a time for the price of getting increase again.

Etherium is rising. All altcoins converted to ETH then to BTC then cash out for profit. That's my guess.

that would be a dumb move!
because there is a market for selling ETH directly to fiat and cashing out that way and converting ETH to BTC means you will have to pay an additional fee (a trading fee which is a percentage of your volume) which can be quite big and will eat through your profit.

Why panic too much? They held a very big number, they were always credited being possible people who pump the market, be it Bitcoins or alts. Why to panic if they've started to "regulate" things? They didn't stop, but took a step to remove all the hide-n-seek games their exchanges might be playing with them. This might be in the better of their country based on their government's point of view, so to keep transparency and get things going.

ETH Already down at 20% today. HODL more and the profit will take place again. Pick your potential altcoin today which will boom after this red maket. Although bitcoin is down, the potential of it recovering will be a lot longer because last few months, the rise of bitcoin was too fast.

The red market became a habit at the beginning of the first year, and the cause of the red market is now heavily influenced by cases in south korea, so it's natural that now the market is red.

Check out this image...

https://img1.picload.org/image/ddcdcalr/img_20180116_192845.jpg (https://img1.picload.org/image/ddcdcalr/img_20180116_192845.jpg)
https://img1.picload.org/image/ddcdcalr/img_20180116_192845.jpg

from the following post: https://bitcointalk.org/index.php?topic=2767591.0;topicseen (https://bitcointalk.org/index.php?topic=2767591.0;topicseen)

This happens every year in Jan.

Don't Panic. Keep Calm & HODL.

Feel free to check out my YouTube channel where I discuss this : https://www.youtube.com/watch?v=zE3IhsSrAOg&t=0s

Altcoins are affected of the BTC. Also he is right south korea issue is still on the line of the market crash. And also check the markets history for further details. Early in the year cryptos are red then suddenly it will boom again at the mid of the year. Hopefully history repeats itself.

I see that the South Korean seas are why bitcoin and altcoin red prices are not a reason for bitcoin, this would be an opportunity for investors to buy bitcoin and alt, because the price is cheap, and I'm very sure next month Prices will return  good so this is the day it's beneficial to get a lot of bitcoin in the long run.

we have a moment that already happens in every year in January like the image and we don't have to panic. I think it is normal because of bitcoin price increases too high in the last year and if the correction is not too deep then we cannot rise higher again in next month. but many people are afraid that they cannot make a money and they choose to sell their bitcoin although they are lost. but for people which could control the emotion, they will stay calm and not panic to see this.

Such a strong drop in BTC quotations associated with its planned growth of $ 30,000 and then to $ 60,000. Weak players (so-called "hamsters") are washed out now, and the ground is being prepared for buying bitcoins at a price of 8,000 to 10,000 USD. I think for a few more days there will be uncertainty in the market. Then bitcoin will sky-rocket. Don't forget January 25 will be another Bitcoin fork and for each BTC its holders should receive about $ 1000.

For all the people posting pictures of what happened in January in years past. Past performances are not indicative of future results. Here's why I think it'll be a little different this time around.

Back in the years past, BTC and cryptos haven't gone mainstream. With the wide amount of people throwing money into something they know nothing about, the market was due for a correction. I'm still bullish long term, but I don't see a 700B market cap anytime soon.

Its really simple - you just think about CME futures contracts endings... In the end of the week we will se much more "blood"...

My theory on why markets are red:
- China/Korea are dumping to lower price so that they can buy cheap BTC and ALTs later when they get online.
- Futures contracts expire the 17th for CBOE and 26th for CME

Yes you are right it all started with korean government but the news is not about banning the cryptocurrency in their country but just total shutdown of crypto exchanges becayse they are starting to regulate it. But these greedy individuals see it as an opportunity and again they started to make some moves to make the market down very timely with korean news. And as we all know we have lots of newbie investors that came out of nowhere as they thought cryptocurrency is a rich quick scheme lots of them did not do some research or do some little research before investing. That's why one move of this greedy individuals they got affected remember if we are all going to hold and let these greedy people dump the market cap wont get affected this much and these kind of tactics will be lessen. Just hold guys and stay of our ground and invest more in fiat if you have some extras remember the market is on bargain mode.

Well, apparently, China and Korea are the reasons why there is a bloodbath now, I know that this is somehow a work of some rich individual and will pump all the prices eventually.

China's and Korea's News. If there are bad news, the Market sinks. Volatility is immense in the crypto market

I don't like this red color  :)
I hope that in the near future will be green
There's many causes of this the first one is the sudden increase price of bitcoin in one year.

I thought that was all FUD? Do you mind linking me some articles?

The market cap right now is currently 417B. This number is pretty much half the total market cap a couple days ago. I hope you guys are holding. Losses are only losses if you decide to pull out.

Its A Red Market, Meaning Coins Are On Sale!
It has been a crazy couple of days in the cryptocurrency world. We have been experiencing a red market for the past few days where most coins have gone down significantly in value. Don't worry, we will see a rise in prices soon and now is a great time for everyone to get their coins while they are on sale!

All coins down 10-15% the past 24 hours. Is this round two of this dip or something else? I thought the bloodbath would have been over by now but it looks like it's taking another turn. Any reasons as to what the reason might be this time?

Look at 2012 and 2014 if you want to know how it will go.

Panic sell was stopped but billionare wont risk much they asset. Maybe holding a few on BTC for swing trading on that.
Market demand not yet up for another cryptocurrencies like BTG or BCH i think. Price falling deepers make crypto trader didnt have option to do.
Maybe so many trader holding they asset because they asset decreasing so much. Cutting lost looks like a suicidee option for them. And know only wish a billionare make a move to trade again in altcoin except bitcoin of course.

What do you mean by your post? You're saying the billionaires in the crypto space are pulling out and that's why the market is so red? I don't think that's the case at all. Lemme ask you this, do you trade in the market at all? What you're saying right now makes little sense.

I would not say that Bitcoin Cash, Bitcoin Gold, and Bitcoin Diamond are booming like crazy, they are tanking with all the boat today, all double digits in the red.

They claim to be the real Bitcoin or the coin that will be the top digital currency.
With them losing money like that while they just started being in an exchange, it doesn't look that good for them.

bitcoin always drop and stay for a week or month in the dip before it rise a lot
there nothing new on it for me just hold and comeback when the price start to rise

Yeah, just only one answer to your question; the market is being extremely manipulated right now.

Maybe you are asking because you are worried just like the 80% of all the people who is in here.. I will just want to tell you that this is temporary.

Do not be afraid, in a few days from now, everything is going to be fine.

Yeah, I wouldn't say that you've really been around for long enough in order to know what is actually going to happen. If you were around in 2013 then I would say that you're just incorrect, but this is flat-out delusional given the history of Bitcoin. Your timings are off by magnitudes for a lot of the cases, encompassing many months, quarters, half-years, even out to a year in an exceptional case, where there was a slump that was not recovered from for a fairly long time. It might take a long time this round, especially considering the similarities to 2013/2014.

This is a natural thing in the trade cycle, if we examine this kind of incident not just now, it's like a seasonal event. And the current price of coin also has something to do with the ICO ban in China, and I think this is just a drama to get results greater than.

every day red, which has a coint of course sold to avoid losses. I think this is just a game of big capital owners when the cheap price he buys in large and when it reaches the highest point he sells and the problem in south korea is in my opinion just a diversion of issues only. one day definitely bitcoin can until the price stabilized again.

Exaclty. In 2014 the price went from over $1000 to less that $200, and some years earluer went from 60$ to just 2$. So I am afraid this time we haven't seen anything... yet.

It is like a snow ball, not easy to stop it.
People start to panic and it will be hard to convince them that there is nothing to fear and that it is just a FUD.
It will take a while before we can see prices rising again.

Before it was South Korea but now the next hit was from the Indian banks suspending accounts of major Indian exchanges sites. That hurts the market today.

There are several factors that have affected the market to go red one of them in my opinion is the sudden pump of btc during the last month of the year.

we have to see bitcoin price is down again and now we don't know how much bitcoin goes down but I still have to hold my bitcoin and I will buy again because I already make an order buy for this. I don't know and I am not sure how much the price will down but I only hope that the price is not down too far because once the price drop too far, many people will panic and there will be a massive selling from the people and it will make a big impact for the price.

is your opinion correct? but why until today the market price has gone down, meaning not because it is approaching that date.