Bitcoin Forum

Everything seems to be falling. Did I miss some news? Or is it just the markets correcting themselves?

This is a simple market correction that will soon be over. Then the market will start to grow again as before.

Yup. If anything, now is a pretty good time to buy while they're cheap.

the usual situation in the crypto market. the new people in crypto will surely panic, but the experienced it is precisely the right moment to add investment assets.

I thinks this is normal,that sometimes crypto will fall down and then suddenly its recover because we already know its volatile and unpredictable ,but as you said that everythings is falling now,i think your only over reacting and panic,because its only a little bit of drops down in price and not a permanent,after in a few minutes its will  return to positive and green code.

you have to be patient and do not panic, prices fall will not seem long, it's just a price correction course, the next few days prices will rise again

the market gives us one more opportunity for additional purchase of coins, it is necessary to use this to replenish the portfolio with the missing altcoins.

There is nothing new after extreme dip period now market is coming out gradually from correction phase.2018 proved to be very heavy for crypto industry.There were some bad events due to which market remained under dip period.

1.Regulation news
2.Ban news
3.FUD
4.Heavy cash out by Mt Gouts.

Due to these negative activities market faced long dip period but now things are getting normal and soon pump up period would start.

Seems likes another market corection are happening. Bitcoin now below 9k and it think this good time for new investment. Market soon recover after the consensus so dont worry too much.

I don't think there is any news affected to the price of the whole market. IMO, I think this is the last time the whales try to collect good cryptocurrency asap before the next big pump so don't worry about this dump. You guys just need to hold your crypto tide and wait for the pump

Some are saying that the KOREAN EXCHANGE UPBIT is being checked on for fraud, so with the Korean sell off, all the whales are now dumping and putting their stash into tether again. Either this is a bear trap before CONSENSUS to squeeze out weak hands and profit taking, OR we are going back into a 100% ugly bear run again back down to 200 billion market cap where we will all start crying about our portfolios again. I am going to wait it out another three days and see where we go from here, if it doesn't get better, I will just cash everything out, use a small amount for day trading and start from scratch again lol.

Upbit, Korea's third largest exchange got some news about potential embezzlement.

Great time to buy. That's what I'm gonna do now, very cheap prices to buy low.

Do not panic, it's just a small correction. I view this fall as an opportunity to buy cheaper cryptocurrency. The same I advise you too.

How long will this long story end? so the market can look green again.. ;D Price correction is always possible for the owner or holder of altcoin / bitcoin not to panic with the current price drop.

The market is bleeding today, and as a (made-up, of course) reason for that - the rumours about investigations on UpBit have been officially confirmed by the exchange (translated).

The market always moves like ocean waves, growth alternates fall and Vice versa.

You did, and it may better for you to visit the cryptositenews directly.
This is not a correction but it looks like the largest exchange site in Korea is getting a problem with regulators and I hope that will be resolved asap.
This is the news that makes a big bearish trend to the crypto,
https://cointelegraph.com/news/s-koreas-largest-crypto-exchange-upbit-investigated-by-police-markets-react
Try to read it.
Don't take other dumb comments seriously.

Since there have not being a lot of bad news in the market right now I would say that it is because a correction is happening or maybe since with the increase in price some more people have decided to sell their coins and pull out of the market. What I do know is that the price won't fall far down and it will start recovering and going back up again soon.

I also think this is the reason.

The market is bleeding today, and as a (made-up, of course) reason for that - the rumours about investigations on UpBit have been officially confirmed by the exchange (translated).

I see the good news about the crypto that should reduce the price may be due to the adjustment of the market is not bad news, the market will soon return to the up trend

Upbit is under investigation (one of the biggest exchanges):
https://coincodex.com/article/1661/upbit-is-being-investigated-for-fraud/

Also 8200 Bt. Gox bitcoins have been moved:
https://bestcrypto.tv/1178/market-falls-south-korean-raid-mt-gox-transfers-8200-btc/

Still I think crypto is going to fly next week:
https://bestcrypto.tv/1182/sell-or-buy-during-this-crash-how-to-profit-bitcoin-technical-analysis/

It's normal for me to just overlook the price of a lover sometimes because of the amount of money they are testing and I know who is the higher price so the price will fall and it can be easily recovered because many consumers.

Even on this, not the best at all condition about the market, you can still work and earn here on crypto, because, what I love about it - there are so much more opportunities here, then just to hold and to trade.

The fall of the market is now taking place without fundamental factors and news, it's just a general correction of the crypto currency.

The drop was synchronised with the hack of a Korean exchange but some people think it is related to it. What's clear is that the guys selling are way more than those buying.

Reasons are many for now, the worldwide news about an institutional money, which just did not came at all, another regulations, the bearish trend on a market, people, being discouraged and dissatisfied on a market.

Just some profit getting collected by wome of the main actors, nothing to worry abut. It happens from time to time, but the market will recover quickly .

I think that the failures were for several reasons, the first is an unregulated market, the second is that the opanik is common and the third is that someone else has not purchased at the bottoms in front of the big race...

Just the usual thing again, that's been happening ever since we had this cryptocurrency trading or when cryptocurrency starts, nothing new just hold and buy more if you are wise another good opportunity to make a profit, like all the others are saying it will soon be over.

The market always moves like ocean waves, growth alternates fall and Vice versa.

Market was going well early this month.Then a news from Korean exchange came.its from upbit some fraud case or something so gov want to check all details about upbit so a wheals dump their token and back to btc eth or ustd.so panic created on market and all people start sellingarket go low.its ok for this market fund comes and goes.but who hold in all season always win :)

The effect for the recent dip is because of the recent korean exchange hacking event. The whales got panic to sell all their token because the government are looking on that matter seriously that is why there is more selling event than buying. It is pretty normal for me that this happen and i believe it will recover again soon.

I like this description however the reason of having those waves is bid and ask.
If we have more people buying than selling then the price goes up and vice versa :)
Some panic selling however could happen from time to time because of bad news  :-\

Same old news that are causing the market to dip. FUDs, fake news, global regulations and another exchange being hacked. Of course the demand is low by now because no one wants to buy it because they are afraid of what's going on with the market. Some even panic sells, causing the price to bottom again at $6K.

But at the current price, I wonder why people are not purchasing, it quiet cheap and at a discount. If I just have the funds last week wherein the price is $6K, I have bought at least 1 BTC. But the timing is very wrong because I went out and go on vacation and spend some money.

Most likely not, people need to understand that news aren't always responsible for moves in the market. We have had plenty of good news and bitcoin hasn't reached 20k again, news alone aren't the only variable. Traders and investors play a big role, technical analysis too, snowball effect.

There have been so much news and predictions trying to explain the recent dip but the market has been quite stable for over a week now and this is possibly the best time to buy because when the prices begin to rise it would be very difficult to return to these lows again.

Logically correct but what's the reason for these dipping waves?

- FUD
- Expert's opinion about bitcoin
- Panic sellers

Actually I don't know what are the reasons but the situation is really difficult; the bull run should be already live but we see nothing like it.

It looks like the market is falling after the April gains. This may still continue to happen this year. People today tend to panic faster, after seeing what happened earlier this year.

Well it looks like cryptocurrency price have no much reaction to news whatever good or bad. It hard to explain why it so volatile. The easiest explanation is manipulated with price from big player. As rule the easiest explanation is a right one. It is my opinion.

The likelihood of the current situation is still related to the very fast rise last year. But if compared with the same time last year, in fact we are currently still in a higher position. So I think we are still on the right track, even though the bear market will definitely take its toll.

I think the reason is because people are more cautious nowadays. When the uptrend is considered to be resistant, we will be faster out.
But I think this makes sense, because it may take longer to restore everyone's optimism.

It seems this is the accumulation of the correction and response of the ban on social media advertising.
Certainly not good for holders of Altcoin, but it seems this is also an opportunity to buy more when the price is corrected.

I think this is just a supply and demand factor, but do not forget about the many ICO projects that arise, so investors shift some of their assets to new projects. And I suspect fraudsters sell fraudulent results in the market.