Bitcoin Forum

Nearly every coin dropped last hour, any reason?

I am tired of people reporting the price of these coin almost every hour, don't forget that Bitcoin price still has a very great influence on most of the prices of this coin and if there is something like 2-4% drop in BTC price it cross across most prices especially in Fiat

I'm curious myself.  The only recent negative news I found was out of India:

https://www.express.co.uk/finance/city/907786/bitcoin-price-india-cryptocurrency-trading-btc-exchange (https://www.express.co.uk/finance/city/907786/bitcoin-price-india-cryptocurrency-trading-btc-exchange)

It's crypto. There will be drops and highs all the time man. It's mainly market movement and yes of course there is manipulation but that's just what you get in this kind of market.

I don't know but what I always seem to notice is that most altcoins will go down too when bitcoin's price goes down. I'm still studying this crypto space and it's fun but confusing at first.

There are have many bad news about crypto.

I think everyone is waiting Korea's news  :-[

Yes, but why is bitcoin dropping then? I'm annoyed by the fact that when all coins are dropping we look for explanations retrospectively, no one can say that the prices are dropping due to this or that. I get that crypto is an entirely new market with different dynamics, but the basic law of supply and demand remains the same. So it annoys me to no end that we have to accept these sudden drops because "crypto is like that".

Really man, we are in crypto so this is expected that the price is fluctuating. It can be low also it can be high. Crypto's price is not stable and not always going upwards. But one reason why crypto is not stable because of constant trading the dumps and buys of coins affects its price so that is why it is normal to see fluctuation every time.

resently which dump occured i think its only depended on bitcoin price droping.When bitcoin will stable again at 15-18 k$. i think again all alt coin will raise.And keep in mind that its crypto.pump dump is always happen.you should take it normal.and wait for price up.

I think everyone is now waiting for the modernization of bitcoin. I am sure that it will happen this year. Now whales will buy coins at a low price for those who are tired of waiting and lost faith in the cryptocurrency. Then we will see a sharp jump in the prices of all coins. Have patience and you will be rewarded.

Coins are only down by a few percent - it's nothing more than profit taking. Stuff can't go up forever, and paper profits mean nothing enless you sell and make the profit real.

I do not know anymore with what happened lately, the market plunges to 50%. is this due to the issue of banning bitcoin and altcoin in different countries?

IT was JP MORGANS, publish some announcement to make bitcoin fall and some other coins to. for him to enjoy the ride and sack more bitcoin onn hit warehouse! LN and ZAP is coming into the community so every whale needs to have more than what they have now, you will see the legitimacy of this message on the end of first quarter of this year!

I think a lot of coin is down because bitcoin exchange rate with USD decreases and circulation issues that some countries in ASIA prohibit the use of bitcoin in the country, maybe it could be the trigger of price decline all coin, I hope this can rise again as late as 2017 then, hopefully can happen again at the end of 2018.

Some countries try to control the leak of their nation money to digital currency.
However, soon or late, they will lose.
This is a crypto-world, they can stop crypto currency running on their country, but they CAN'T stop the world.

Usually the price falls against the background of bad news when a ban that svayazanno bitcoin is imposed.

i think of sags that there is a game of big uncles. all these fluctuations become specially. on fluctuations, on rumors very much make good money. it seems that banks of China and Koreas have very well worked well together with cryptobillionaires :-\

That's the way crypto-market is today - very unstable and hard-to-predict; being a crypto-trader, investor or holder is very stressful, I should say. The are no particular reason, but that's probably a crysis which will change to growth.

The sooner more people realize crypto is now big uncle game and a lot easier to rig than the stockmarket, because there are no regulations to speak off, the better.

Caveat emptor, hitching rides on whales' backs

Usually bitcoin and all crypto market expeciences a correction between november and february.
We have some bad news too, like korea, china, india negative things.
I believe that market will recover, it is time to buy.

And what you give news of Korea?
She is the founder of the crypt?

The only reason why there is a sudden drop on the market is because the whales are getting profit. You also do it, just so happened that the market doesn't affect everytime you dump a coin because you are not a whale.

Bad news (I think is manipulation) + January usual drop + Korean exchanges removed from coinmarketcap + people panic for all those things.

The main reason for current drop is the week end. This combine with slow January, some bad and some fake news from Asia and we are in this situation.

Well crypto itself is volatile, so its no surprise actually. Probably market manipulation in some extent.

Obviously what governments trying to do by regulating the market going to have an impact. Personally, I believe in crypto and I am a long term hodler, and I think whatever they try to do they will fail with decentralization.

lol its an trending relatively on this stage of the year

Oh man, this is only the beginning! I see the prices being reported on yahoo finance, slashdot, random news websites, everywhere. It gets old so fast. Too many people are clicking on these horribly written articles about how bitcoin dropped 10% today. It goes up and down 10% every friggin day. I would compare it to the stock market, but I guess news stations do actually report on the stock market 3-5 times a day. I think until everyone gets used to the idea of blockchain technology we will just have to deal with the hourly reports posted everywhere. It's even more ridiculous when people at work bring it up.

No news that could be the real reason) And I can ask You the opposite question: what was the reasons the market growth with 50-70% in 1-2 days? correction, manipulation or Fudd news - all of this separatelly or simultaneously could be the reasons, not only news needed.

what the hell, oh that's freaking News banks around the world starting banning BTC and people lose thier money, i don't know what they trying to do, what will be interesting if BTC keep going up athought all these bands

Bitcoin price is pulling the price of all crypto. This is just probably continuation of the down trend that started early this month. I am not worried about this,I made profit the last time all the market get down. I am looking forward to make profit again.

I think people are not over the panic over the news form South Korea. Bitcoin's price is not stable and everything in crypto depends of Bitcoin.

Well as always we never can point out the reson when it comes to cryptocurrency price changes thats how things are in this industry, although in the recent days many goverments/banks have started annonicing that they are looking to either ban or regulate the cryptocurrency as it became a well known way for people to gain moeny and not pay taxes, and i am not sure its true or not but i have read an article about chinese goverments thinking about banning cryptocurrency mining and that might have some affect on the current price drop.

Concrete news of what's going on happen on some Asian countries will probably dictate if the next price change is to go up or down. Right now the market is in a kind of limbo

Because markets are always changing this is the reason

Yes, only one reason = FUD.

That is the only reason of why the price of almost all the altcoins (and bitcoin includeed) is dropping so hard.

Just have some patience, since everything is going to go up again without any issues soon. Just stop creating shitty threads because we all know that ALL the dips are temporary.

Market is always changing this is the reason why coin dropped last hour

Maybe you're right mate, already i have read an article talk about that, I don't know if that's true or not, but I think that the problem is all about the ban of bitcoin. This is the main problem that made the market bleed in the last days, But hopefully the market is alive now, a lot of cryptocurrencies's price increased. I hope that everything will be fine for now, especially for bitcoin.