Bitcoin Forum

Why is there such a downturn in the market? The South Korean market is the cause or the other reason?

it is a routine down trend in the market and people are selling their coins by fear that market is going down and the intelligent people are taking benefit of their foolishness and collecting the same on a low rate.

Some people around me are selling. Some are also buying. The current market is going down. Can the cause of this decline be analyzed? The biggest reason I know at present is South Korea's market monitoring.

The reason for the decline in the market is the most bonal - after a good growth, a good correction takes place. This is the standard situation for the crypto currency market. So do not worry. Soon everything will grow again in value.

I Saw in the news the Korea is shutting their bitcoins. This could be the reason why BTC prices are experiencing a dump, As we all know Korea also is a Major player with cryptocurrency. Because of this people are panicking to sell their coins before it is too late. but for me it is an opportunity to buy more coins while prices are down as I still see a bright future for cryptocurrency.

It is just one more of the BTC cycles... nothing different from what has happened before and nothing different from what will happen in a year. People have the idea that they just have to buy bitcoin and wait, and those times are over.

1. Full year of crazy bull market
2. Start of year regular downtrend
3. China fud

Don't expect to win all the time.

well, there was news that want to shut down exchanges in China , but this is usually the actions of men with big money . Who want to purchase BTC lower

The bull run has been so long, but China intends to further regulate the encryption money market, which could be the trigger for a sharp fall.

Many people will give you reasons but the fact of the matter is it is probably a combination of them all and it is something that happens on a yearly basis. It could just be a way of the blockchain weining out those who do not truly believe in the technology.

This downtrend had many reason behind it, Do we really think that it is because of the banning of bitcoin in South Korea alone, There are still South Koreans that I think still using bitcoin but they are selling it to other countries right now or they are buying bitcoin in other countries now because the transaction is ban in their country, Well Maybe in my opinion there are manipulators that are doing this and wants to buy cheaper bitcoin right now.

South Korea has nothing to do with the drop.
Nobody can tell you the exact reason of the downtrend, but we can speculate that the drop was caused by a combination of: news/headlines filled with FUD articles, panic sell, china fud, a lot of rumours in social media = FUD, a correction in the market after the bull run, the bitconnect scam, whale groups manipulating the market, etc etc.
Just another day in the wild west.

I agree with you completely. Do not panic. You do not need to sell your coins at a low price. Soon the price will start to grow.

Everyone blame some reason in Bitcoin dumping. I think main problem is Bitcoin circulation is reduce in the crypto market. This also create a issues in market and trading also banned in Korea and China. These both  problems are created in current market. But everything should be normal in future. This is one kind of reason in down in the crypto market.

The reasons for the fall are seasonal, fundamental factors. This is nothing more than trying to skillfully manipulate the market and try to lower the price of Bitcoin as low as possible, in order to purchase at a more favorable price before the upcoming jump.

You saw the wrong news I guess. South Korea is restricting Bitcoin (and cryptocurrency) but we have known it for many months. And the government keeps clarifying that this isn't a ban, just a regulatory move. I think they are doing what they can to protect their citizens, and soon will follow in the footsteps of Japan. There was a lot of bad news there due to scammers last year. So crypto has a bad name there. Hacks, scams, fake Bitcoin forks.

People panic as usual. That let's us buy in cheap, so no complaints.

There are two bad news in last two days simultaneously and it make huge bearish impression on whole crypto market and it will take 10 to 15 days to recover from this hangover.

To be honest, I have mixed emotions right now. There's a part of me that I'm totally scared and hit the "Dump" button, but there's another part of me that says "Hold on, believe it will recover". It's not the first time that we are experiencing like this.

Last December, we're also experiencing a major downfall due to holidays. From an all-time high of $20k, it even dropped to $10k. However, it recovered so quickly and stabilizes between $15k to $17k.

Now it trades below $10k, so a lot of newbies are being manipulated once again by whales to dump their coins/tokens, to make room for them to rebuy and increase their portfolio in that specific asset.

Also, expect another crash when the Lunar New Year comes February 16. There will be lots of dumpers to celebrate the Chinese New Year, so we will prepare for that too.

So basically China is to blame for everything?  ;D

But yeah, that's a good point about the Chinese New Year, will keep that in mind.

I've read the news about south korea denying the crypto ban. But how about China? Have they confirmed or denied anything?

As far as the matter of transaction activity is concerned, it all depends upon the demand and supply. it seems that market will improve very soon.

Rumours to ban crypto trading in China and South Korea. Then we have the bitconnect major scam. Moreover, there are a lot of people who bought from very low levels and are staying on huge profits, so when there is a major sell off, some people are capitalising on their gains. Last, but not least some of the major exchanges have currently suspended all new registration, so there is no fresh money coming in.

if u have follow market 3 or 4 years ago, u will think that its just a normal activity. no need to worry about it. it will be normal and better very soon.

 This is just because of Chinese new year...
they are just realizating their money...
In 1 week 10 days I think we will see green candles...

Now, I just thinking and feeling like a fool when talking that bitcoin prices down just due to China and Korea will ban bitcoin, which I feel it wouldn't be possible because Bitcoin is not centred by the country. Despite if they will ban bitcoin, they just can be limited to local exchanges only, and that can certainly be overcome by various ways to discover new bitcoin trading. Well, I just think there are manipulators that have a lot of bitcoin and they sell it and buy again when the price low.

The China and Korea news play a part in this price decrease. The market cap decrease from 800m to 500m. Some people are panic selling, there is scam coin going on. But next month, everyone will forget about what happened and the bull continue.

The news from China and S.Korean make it happen. Two pillars that can change the crypto a lot.

Exactly, China already shut down exchanges last year. and also Korea just want Exchanges to do strict KYC procedure. The news are exaggerated too much since the people with big money  want to buy coins as low as possible.

China is burning the world of cryptos and the prices follows it and becomes red like blood. Hope market recover soon and government doesn't suck it all.

the cause of market downturn is caused by many factors, but now the issue in china has become one of the causes of the decline in prices. but it is normal and going back to the highest level is just waiting for the right time.

cause alot people don't read, or if they do read, they don't do research and purely believe.

I believe tons of the FUD comes from Korea exchange ban and China Mining Ban.
I believe Korea is not banning any legit exchange but those who did not comply with them.

Next, one of the main reason i believe it drops is because of Price correction. However, i believe its a healthy dip there

This panic is mainly due to the Asian market, and it is currently the largest. At this hype you can invest well, do not miss the moment!

I think it should be the forthcoming policy of the Chinese government that affected the market price.
Never, never ignore China's influence.
But no way, I have a lot of losses, so I had to hold.
Hope it rise up soon.

The bad news from the cryptocurrency market from China and South Korea is puzzling investors who are puzzled by the fact that they have sold their coin at extremely low prices. I believe everything will be stable in the future and your job is to wait for the market to go up. At the moment, it is necessary to study more about this market.

Seems to be recovering slowly today.

Seems to me the "scare" has multiple reasons mainly the South Korean and Chinese gov't news as well as a frenzy of sell-off by scared people who did not HODL.

When the market experiences a dip, it get's worse when a good number of people world wide sell in fear.

Things look to be getting back on track now and it will go back slowly to where it was and hopefully grow even higher. The total Market cap will hopefully grow more in 2018.

It could just been a mixture of FUD, people taking profit, and people cutting losses. People who went into crypto a month ago are still up so they probably didn't care about this drop.

I think part of the reson may be the ban of China on the crypto. Most of the exchange are banned in China. That is part of the reason. I think after a period of time the situation will be better.

I think the reason is beyond our imagination. We can not predict future so just go with the flow. Hold if we bought at high price and just wait for the time to come.

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if u have follow market 3 or 4 years ago, u will think that its just a normal activity. no need to worry about it. it will be normal and better very soon.
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Yeah, it'll go back up again. Crypto has a very long way to go before it bottoms out.

I really do not understand why all of a sudden market has just been down.Knowing some countries that banned the mining of bitcoins it really got a big impact on the market.And now i begin to panic.

FUD,China banning crypto miners,South Korea follows by banning Bitcoin local and foreign exchanges are just some of the negative news affecting the downtrend of Bitcoin,so people who invested on coins panic,selling their holdings and investment to minimize their losses or saved what is left of the price,with this happenings oversupply occurs.Let's just hope that the slump is over,and Bitcoin start rebounding back from all the losses that happen,at the moment Bitcoin price is now at 11K$+ from a very low of 10K$+ yesterday a good sign to start our day.

No it is not the cause because market corrections till now we have not any downfall in bitcoin. So we have to accept anything in crypto and we have to buy at the dips, if we don't have money then there is no choice for us.

In my opinion why market down ,because of the people selling and buying

Because of the FUD. There are many weak hands . So many people selling their bitcoins now. And also there are some fake news around the world about bitcoin, that's why the market is down. Also maybe there are some whales that is manipulating the price of bitcoin.

It isn't sudden. The market has been drifting down since the Dec 6th highs. A lot of transactions that were stuck in the mempool finally hit the exchanges and people sold. Day traders also sold and then you had a bunch of stop losses being triggered which sent the market down further. That's all.

Looks like not only korea's fud but also china has fud spreading yesterday thats why people sold all of their BTCs.

Panic selling caused the downtrend of all cryotocurrencies,this is created sue to the banning of exchanges in korea and China but they are portrayed as banning of cryotocurrency in their countries.So other people all over from Asia started selling their coins in panic that their country also ban cryotocurrency.

It can be one of the cause from many parameters to make market down. But I think today the market down is because many goverment start banned crypto.

1) Chinese New Year approaching
2) Traders and whales paying taxes
3) Traders and whales who waited until after Jan 1 to pull out funds
4) Whales manipulating low prices to allow Wall Street money to flow in (think bonus season)
5) Huge FUD week (South Korea, China, France)
6) Market was ready for another (natural) correction - the % increase we were seeing was unsustainable.

Prolly that's one of reasons why but there's still many events that needed to consider. The panic selling of other hodlers are also makes the price of the crypto goes down. If you're smart enough, you should buy more while the price is down.

Many news I read in many forum it's about legal again but the truth maybe market manipulation with wrong or manipulate information to control up and down market to get people to hurry and selling they coin.

It is one of many reasons. I think it is made specially that silly people have sold, and clever all have bought from them.

we can't really identify because there are many factors like
if there is a fraud or any thing goes wrong about mainly bitcoin price because it will affect altcoin price
or maybe the bitcoin price going down also altcoins will follow maybe these could be a correction or movement manipulation of whales holder of bitcoin.
or maybe many of investors day traders pulling out and selling all their bitcoin like what happens if there will be a christmas or something.

I definitely think it's because of the governments trying harder and harder to regulate the market!

News and panic people  :D
Also after 2000% profit you know this will happen

in fact there is no strong cause for the market price decline, because it is a reasonable activity that is a big and meticulous correction of previous changes and price increases, all changing just like water continues to flow into the valley or to the steep slopes which then water it increases in volume and produces a great boost, and ultimately can not be dammed when the valley is filled with water it will flow more swiftly to the other place. meaning that the market price decline is not a real drop, but it goes down to pump up a larger and more profitable price volumes.
but the decline is underpinned by a decrease in support from users and investors in supplying the price-turning energy of the market so that it stops completely. supposing that there is no more water supply that can be discharged.

This is expected. The charging bull has ran out of energy. It'd soon stabilize and all the ministry that left would return. If the coins you're holding are worth it, this is the time to buy more.

I'm only afraid for new projects.

Rumors and fake news are the real cause for the price fall of all crypto currency because bitcoin haters convey the actual news in a wrong way then the newbie investors are backing up their investment by selling them which is the cause for fall.So investors need to hold the coins no need to worry about the temporary fall because the history taught us it will surely recover.

In my opinion and based on others speculation, I came up with an answer that it is because of chinese. We all know that they own huge part or amount of bitcoin. This february they have a chinese new year which I think causes bitcoin to drop because they needed the money for that event. I am still on search for more proof of this but if you on to the old charts you will see that the trend is the same that every february bitcoin usually drops its value.

Almost all of the tokens are in decline, especially mainstream tokens, so most has a sharp decline, this let me can't understand, why didn't some shit tokens but have a good gains.

Market downturn is somehow to balance the market trend. Its somehow a cliche but its the way of life. Every buying and selling always affect the market. Massive selling may greatly affect the downturn. Nevertheless, every selling increases the supply that gives opportunity for buyers that makes the balance in the market.

Hmm, I quite disagree about that. I think this year is a little bit different. It seems the market very difficult to recover. I still not found what is the main problem with the current situation. Since January, we can saw the market almost die. I hope my statement will wrong.

After a good growth, a good correction takes place. This is the standard situation for any market. So do not worry. Soon everything will grow again in value.

I think the reason of the market decline is the most bonal - after a good growth, a good correction occurs. This is a standard situation for the crypto currency market. So do not worry. Soon everything will grow back in value.

Is that my.gox trustee still offloading bitcoin to cover losses? Do you think that in combination with the regular start of the year downtrend, this could be driving it down even further?

BCharity.io

This topic may correspond to reality and at any time that the market is in decline. In relation to the issue of the topic the great reason for the slowdown of the market is very simple, negative speculation that influences beginning investors to giants and although it may seem strange what moves the market are not the charts or numbers, what moves the market is the emotion.

Blocking crypto in other countries causing market downturn. Maybe also because of banning the ban on facebook and so forth. It all causes the decline in market value. Korean even china does not negate this virtual currency.

after south korean market came again ban from india, then in followed by facebook, google and now twitter. well, now it has come in all over the ban from internet giant. I think what happens to this ban will have a big impact on the market slump. but one thing that will happen after this passes. bitcoin and other crypto will grow back. let's wait what will happen later.

Cryptocurrency market really down.... Yes. Supply is possibly more than Demand thus the downturn. People are supplying (selling) out of  fear possibly because of some regulation news about cryptocurrency. This time of dip is indeed a good time to buy.....which intelligent investors are doing.

I am suspecting the Easter holiday to be a key factor affecting the crypto market recently, apart from the various bad news we heard about facebook, twitter and google ads bans. When i checked CMC just now it is turning green all the way, nobody can tell what will happen the next minute because there are prices suppressors every where around us.

There are bad news coming regularly from south korean market to Indian minister statement and then Facebook advertisement ban to twitter ICO hashtags ban. We need to be patient.

It's because fud from Japan, reportedly two Exchange will be stopped.

Yes, I am very disappointed with this and I have predicted earlier if Japan act then it will be big consequences.
Nothing can be expected right now and it looks like we're going to retire for a while  :D

There are many reasons for the obtained downtrend. Global international news from Google, China, India and etc.
Also  statements of the governments of some states about the legalization of cryptomarket (and, as a consequence, the establishment of control over it, which can lead to centralization) acting on prices.

"downturn" are everywhere, even not include crypto. most of all projects are facing a downturn. this is from the people who wants to believes on their own, and other people are switching to the most better one. but for me it is not takes too long, just hold and believe what you believing for and soon all thing will be fine. dont bother for just this dip because crypto is for the long term and not for the short term.

Downturn?

It's a combination of factors.

1) Crypto Scams. Someone buys a coin that is essentially an elaborate scam, gets ripped off and tells someone. That news spreads. Then another victim and another victim and that puts a bad taste in one too many mouths.
2) Media hype and media scares.
3) Exchanges that are making money off investors by slowing down transfers, adding fees and pretty much screwing around for the highest possible payout. This can also be holding funds, placing extreme holds on deposits so that the depositor misses out on a price value etc. Other times it's the trading price of a coin 5-10X the actual legitimate price on other exchanges also blocking out deposits of that particular coin to keep others from benefiting off of this "in house" price manipulation.
4) Massive sell offs back to fiat
5) Too many coins coming out at the same time meaning the funds between coins are being spread too thin. Too many people have diversified their coin collections into the hundreds of coins which has caused some noticeable drops on the main coin's value. The reason that's also happening is that coins that typically are traded against LTC and maybe Doge markets are now being placed in the BTC markets. So people are trading more BTC or ETH for these alt coins yet are essentially cause the value of both BTC/ETH and the alt coin to fall. it's a vicious cycle. Example: Ethereum based coins. You'll notice strong sways in pricing over the last month as more and more eth based coins hit the market. People sell their ETH to get a particular coin ultimately dropping the price of ETH, panic and sell back at a loss on both ends.
6) ICO fraud and scams being exposed.
7) Airdrop scams

Peoples are selling and they turn investing in the cheaper coins, so some new and cheap coins rise their price but the main coins all are at the bottom and have chances to fall again.

The current situation on the market was due to a number of reasons. Chinese New Year, A number of large banks stopped accepting payments for crypto currency using credit cards. Some governments around the world have opposed the Crypto-currency. It is also necessary to take into account smaller manipulators, which cause panic among investors of crypto-currencies.

Many speculations that turned out to destroy crypto reputation are the reasons why many are skeptic about this market. Those investors that got in and now starting to feel skeptic are now adding to the force that was created by the whales. This is whats happening, whales are selling, small investors are selling to demand is becoming low = price low.

They have a lot of reason why crypto's market downturn today, the first one is the increasing regulatory of cryptocurrency exchanges because many attempted hacking of traders to be more secured. Read more about this.

What Caused The Recent Cryptocurrency Downturn
https://www.forbes.com/sites/outofasia/2018/03/05/explaining-the-dip-what-caused-the-recent-cryptocurrency-downturn/#4c9c39b45ccd

Do not be so simple - banksters have bought all exchanges and can print any amount of Tether... All tools to manipulate the price - and BTC should be dumped at 1000$ cause big money want to come in.

There are two bad news in last two days simultaneously and it make huge bearish impression on whole crypto market and it will take 10 to 15 days to recover from this downturn

There can be a lot of reasons why the downward trend is observed in the market. This isn't just due to one country banning btc and alts alone, there were also citizens in that country that sell digital assets to other countries due to banning of transactions in their own. This same is true with others that ban crpytos in their soil.
Also there are those manipulators from the market, that can decide which goes up and which goes down.
There are a lot of factors at play.

There are lot of reasons but i think that two major reasons are very important.
one of the main reason are hackers. They hack BTC from some exchanges and involve dumping and as result market goes down. The 2nd main reason is Korean community. >:( >:(

Yes, South Korean market crash may be the reason for the downturn in the market.

There are lots of theories regarding the reasons as to why the market is in the dip end but i think its just the forces of demand and supply comming into play and the fact that the crypto market is volatile and uncontrolled only makes it worse.

It seems to me that many factors have influenced the value of the crypto currency. Statements by regulators, hacking of exchanges, prohibition by banks of buying cryptocurrencies and others. All this news background fuels distrust of the crypto.

The government of China is not totally banning the cryptocurrency the mainland residents were often still able to access some foreign exchanges, as well as over the counter trading platforms. With this over view there's nothing to be worry with this market cap down I know that the crypto price quick to consolidate and return to a position  of strength.

The reason is inflation, it most affects the market, because these are coins, they both increase and decrease. No one can foresee this.

You mentioned all are news it doesnt effect market actually but whales using these news to get their profit . For each news they started to dumping . Its normal in all trading platform . I am doing trading equity , comodity trading from past 5 years now from past one year started to do crypto currency trading . I have learned a lot . I am not aggressive investor now i am holding my coins to grow slowly .

The declines in the crypto money world market are a lot of money out of the market. Time is needed to regroup and market up. We will see the good old days as soon as we enter the money.

It is one of many reasons. I think it is made specially that silly people have sold, and clever all have bought from them. :) :) :)

of course there are many reasons why prices are falling and certainly is a lot of merchants who sell their coins at cheap prices,probably because they panicked with a lot of bad news about the crypto in circulation. but let's look at the years before prices fall at the beginning of the year and begin to grow in the middle of the year..

in my opinion still has something to do with south korea market. because it's a pretty influential market. and other causes may be the start of a lot of fear, with more and more negative news circulating about cryptocurrency. Perhaps this could be two reasons that may very well affect the drastic fall in prices in the market.

for some time ago came down because there was a ban of some countries against crypto. It is exacerbated by the panic investors and resulted with the fall of the value of the crypto. many consider dead crypto in this State.

I think the false news is the real cause of the falling prices of all cryptocurrencies because bitcoin haters deliver the true news in the wrong way then newbie investors support their investment by selling it which is the cause of the downfall. So do not worry. Soon everything will grow back in value.

Whatever that reasons were, thanks God, we now face a great growth and activity on a market worldwide, all coins are blooming now

What if the fake news will continue? How bitcoin can recover? Well for me its not always in the news, yes sometimes its connect because of many investors getting panic, but if you really believe on bitcoin there is no reason to get panic.

maybe it is one of the causes, but there are many other causes, like so many countries that do not legalize the existence of cryptocurency, especially in their country to make transactions. If some country do that cryptocurrency will not develop in that country and can cause the price down

I think you should be more specific about what FUD is giving, oh maybe because the G20 meeting that discuss bitcoin impacts or not on the country's economy, and continued by panic sell, then some say that India ban bitcoin (FUD), it looks like it's over and now crypto is heading for good growth.

i think market can be ruled by news from some country, for example we have hear news about chinesse and other country palned to get banned of crypto, then market down for instant, and we have good news about G20, then market rise again, so i think market can be affect by news on crypto.

In my opinion, the negative news or issues spread from the media around the world really influence the market.
Moreover, many people have influenced that kind of issues without reviewing or cross-checking the truth.
It will influence the desire of many people to sell out the coins and fewer people want to buy them.
But, I'm sure that along the time, the issues will be less. We must be one that takes part to spread the good issues of the crypto.

There could be downturn either because of the actions that were happened in the economic system inside, or outside- in the South Korean market went down- this means something has been changed with the country outside (your example).

These are rumors of unknown origin. Whales manipulate the market, they are willing to spend large amounts of money to buy or sell some of the coins they want to pump. So the market for crypto is very difficult for new investors.

No downturn in the market. These are temporary difficulties. Cryptocurrency has to abandon some markets, including the largest - South Korean, because they require violation of the main rule of cryptocurrency - anonymity.

So many things could affect the market. The affects can be seen either badly or better. Almost all of the reasons are on the news, especially on the world news.

Probably just the markets being volatile and correcting. Better take advantage of this situation and buy low to hold.

probably because yesterday the price of altcoin dropped dramatically but now that I see the price of altcoin in the recovery period and could be good for the future and thus with the decline that yesterday many people are buying altcoin for the future and can invest in the long term

I don't know too, but it is more good if you have a money then you want to have a big profit.  I also heard also about South Korea that it was the reason why the market are still dump.

Some holders loss their profit but now, some of the investor get their profit.  The whales also manipulate this price because it has a good opportunity to gain some more.

Every coins began to crazy rise will appear this kind of circumstance, the market is still in decline, and start a bit of a rebound phenomenon, this is the normal of the market, so we don't have to worry about.

The reason for the market decline is the withdrawal from the market. This situation will recover in a short time and we will continue to make money again.

I think this year is a little bit different. It seems the market very difficult to recover. I still not found what is the main problem with the current situation.

The reason for the decline in the market is the most bonal - after a good growth, a good correction takes place. This is the standard situation for the crypto currency market. So do not worry. Soon everything will grow again in value. ;D

If I can indeed bloom gan price I think it's a huge gift of gan fingers crossed this is not just an issue of fabricated gan viewed the price of coins is also being dropped his prices hopefully can soon be improved

yes rightly make I've love to hear price cryptorium improved but seemed to still takes a long time to bisakembali naormal gan value, so mending we hold first gan do not sell 

I am also very sorry why his price is also getting down gan, every person that have the patience but if these prices go down for later advances there is no problem but if getting worse that make it difficult

There are so many reasons which causes the market downward. Some experts skillfully manipulate the market to get the coins in low price.

Exactly, we have to concentrate more on buying the coins when it is at dips, because many people panic about the market when the prices are kept decreasing. So we have to hold the previously purchased and buy the coin when their prices decreases.

It is most likely to affect the market falls were due to panic sell. Many people come to sell, then its price will be getting down. later, another reason is because of the many news of negative news surrounding the coins you have or about crypto. For example, the news about the country that finally banned the circulation of crypto, or other news.

many of the reasons which led to the decline in the market. the correction may be a reasonable thing, but bad news regarding the refusal of crypto be news very badly and could make crypto down. What's more, when prices fall but many are selling their crypto, it will become increasingly severe.

Aside the South Korean Market issue which was eminent, or the China and Indian FUDs then, there should not be much to worry about because the downturn of the market shall be for a while. Bitcoin itself is presently controlling all FUDs trying to stabilize and becomes at least steadily moving up to moon at the next boom which is all good to go. And hence, so many holders of Bitcoin are not just ready to dump or part with them anyhow for no just cause, with the believe of expected spikes or Price hikes soonest.

I think it's because the whole market is underfunded, so that's the key factor.
The whole market is not enough to support such a big industry.

which I know may be caused because many of its new altcoins appear and so because yesterday the price of altcoin in the decline then it may be the occurrence of market price slump but I know the current market price recovered and I hope to be good at the end of the year later

I think its because of some news,that reflected and affected to the price of many altcoin and tokens,and also some investor or big whales that sell their holding im sure they`re really affecting to the market.

That's one of the reason of downturn but through panic selling effects, the people who was actively trading might think it in a wrong impression. More individuals will be afraid to pursue their holdings, so they sell at an earlier span of time. Buying demand could be accommodated if those holders sell their asset eventually and the other parties will still wait for the price to grow further.

Why the market is down kately, it is all due to FUDS, SCAMS  and those hodl is life. Why? They're making crypto negative in the eyes of the others. Theyre scaring and fooling potential investors. Lastly holding wont get us anywhere we must buy to help the market regain prices.

It's probably, everything can influence. However, as I concern, the most reasons for making the price dropping are the presence of the negative issues around the world. It includes the news of baning from some countries, social media, or Google. The panic people also influence when they realize that the price is very dropped, then they will sell away their coins that drive the price down and down.