Bitcoin Forum

It’s crashing now. Does anyone know what happened to the crypto market?

In my opinion a little correction in crypto market is happening.And the panic sellers are selling their assets.
But according to technical analysis it will recover soon and market will be stable again.

My suggestion is that put stop loss in every trade now to be safe from big loss.

Actually the cryptocurrency market isn't crashing, it's being corrected and this has happened a lot in the past too, so in general this isn't something new that could cause everyone to crash because I see at the moment there are still a lot of people making some purchases on good coins at low prices, meaning the market is not breaking down because of the correction.

This is correction so not big surprise. It can be slowed and finished soon, in next days I think. But we will see. Some people will use this moment sure to buy more coins they belive in. I took more eth today, so hope for green period next two days. Just my opinion.

I don't know what are the reasons or the news that caused this important correction in the value of the markets sin was recovering and i think it was there to start a bull phase, but never mind the up and down are part of the rules of the game, of course eth and bitcoin have undergone major downturns it will take a while before they recover

The sudden rise or fall of Bitcoin prices is not a big deal. This is the type of trading steam. However, there is no news behind the sudden decline, which is the center of the price of these fluctuations. But for the last two days, it seems to me that the South Korean exchanges have been instructed to meet some of the new requirements within 24 Sept. I think this is the main reason for the crash in recent times.

Most crash don't usually have a specific reason for it so don't expect this particular crash to have one either, some people will always try to attach a reason to it but so far I haven't heard anything that could cause this sudden drop, you can also take advantage now that the market is cheaper than previous price.

dont they sort of , by definition, always have SOME specific cause tho ...    why else would things suddenly deviate from the norm (as in, slower movements) ?
(sorry im pretty new at this)

This is probably the cause of it all that crypto market plunged down this low, this regulation is a crackdown of users with the threat to tax. And then theres also China triggered financial markets to crash due to Evergrande real estate company.

Big companies in thr brink of collapse normally affects the market making investors sell. Even the bonds market are sold rapidly so its not just crypto market is dropping.

The correction has to happen at any moment when it has been stable most of the time within the past days.

So whatever was the caused of it then you should have that plan of buying more so that you'll taking the advantage when the dips have come.

Billions were lost due to this and yeah, there's a likely that this have became a contributor to the current crash.

Are you worried about the decrease in value?. I think you should have take advantage of it to buy more crypto you have and gain profit when the price go up again. Whales will be very happy if many people are panic selling.

also, if we will see a thread/discussion every time the btc is going down, guess what? we will have so many of them, and actually we already have a lot in this forum alone. so yeah, this is just another correction in the market. how many times have we seen this? countless times. so by now, we should not be surprised about this market movement. for some, it is good opportunity to accumulate but for many others, they are panicking and confuse on what to do with their portfolio. either way, you should always be prepared for this scenario.

It's prolly safe to say you're somewhat new to the network and maybe you have not experienced a bear market or a period of correction, this is the period most newcomers tend to panic and sell off their stash, but there is actually nothing unusual or strange about the network atm, it is just a period were the market plunges and it happens every now and then in the crypto market.

Having said that, if you're hodling a good coin like Bitcoin, then you should hold your funds for this correction period as it will definitely appreciate back up again, but if the coins in your wallets are pump and dump altcoins that are more or less short term projects, then you can take your returns cause most times when some shitcoins dump, that can be the end of project.

Are you a newbie? Falls like this happen all the time.
I'm surprised how quickly people get used to good things, it's just a year of a bull race and everyone has already forgotten how for 3 years we could not get out of a long winter.
We were all waiting for a correction, and now it came.

Many people have been saddened with latest trend which seems to be crashing, but everybody got a positive perspectives and choose not to rant because they all have the mindset about corrections. However, it's really our own fate whether we will accept the fact or not. Bearish market got a strong resistance ever since we recover back and got $50k all over again, then suddenly this fluctuations caused more crashing trend.
Nobody could predict precisely after this crash, and it's hard to project when this current scenario will subside to recovery and hopefully we will be going to target $60k back on track.

If there is no bad news,  i hope this is just an ordinary correction, this condition is similar to the conditions in 2017 which ended with a bull run at the end of 2017 and early 2018. Moreover, in December 2021 there will be good news about the increase in the ETH network.

The crypto market was reacting the bad impact from the various bad news

1. Evergrande's bad impact to the crypto and stock market
2. The NFT hype seems to be over very soon
3. The news about all of cryptocurrencies will be regulated https://thedefiant.io/gensler-sec-regulate-all-crypto/

I guess all of these events were adding very bad impact to the fear of market parameters. that's why crypto especially bitcoin was quite difficult to recover from the dump.
Bitcoin is almost touching 40k rate again and if it goes down below that and another dump may come soon.

Don't panic and puke, just a simple correction that will surely recover soon right after this bad news that has happened.  If you will sell under the price where you purchase, man, that's your loss, not ours.

Probably the price was affected by the recent news that comes from China, I read this news on the Telegram channel about China was ordered to shut down all crypto mining activity that was found on Sichuan province, and also it make worst when their government tell to the bank that to stop supporting cryptocurrency transactions, but this isn't new, they always doing this but at the end Bitcoin or the entire crypto will always recover by this correction of the price.

The trending news is that the market is going through correction because of the reports coming out of China, i am not sure whether it is true or not but we know for a fact that the market had a huge correction and majority of the blame is put on China as per some of the articles i have read and the next theory is that people are opting to invest in much safer asset than a highly volatile asset like Bitcoin.

You are new to the market? Maybe it is a need for you to be aware of the situation where the market is volatile and you can expect and experience this all the time.
I'm uncertain as to what the reason causes of this dump as usually whales did this but to hear no info of such transactions that is why I could say this was just a normal market correction and we need not make a deal with this but to keep calm and easy. To have fun with the other stuff outside crypto will really give us ease.

Jeez... What's going on, really?? Man, just watch the price charts for the last five years and calm down. Nothing's happened. Nothing at all. Nothing to talk about.

A normal corrections after hitting the price of $50k, and including the panic on going in China and Korea, the result is negative in crypto for now and later on it will rise again. We are still on a good price, and a good price to buy only if I could have extra funds, I wont panic and instead I’ll buy more because I know this market already, it always recover from a big fall.

I am also unaware to what causes the market to dump but definitely not the start of a bearish season. This is more of price corrections and this happens all the time so investors should not be much affected with this as the market will always recover after a day or two. And i think while we are having this dip, it will be better to start buying bitcoin and your chosen altcoins while they are becoming cheaper today. This might be a good sign that the market is already near to its market's bullish season because we might see an ATH after this.

All the drama going on in China (Evergrande and other stuff) is playing a role and I think that we can be in for a much larger dip. Nobody can really predict what will happen next (many try and always fail lol), but I am waiting a little bit longer before buying anything.

The news that I heard the President wants to block cryptocurrency transactions in america because the ransomware virus transacts through digital currencies. This makes the president want to close access to cryptocurrencies in america. And it has an impact on the price now.

Source: Instagram Cryptoiz

This is a normal adjustment. It is very likely that some profitable people will sell their bitcoins and turn them into cash. Because everyone invests in Bitcoin for the purpose of making money. Although many people did not make a profit, the reason is very simple. The level of belief in recharge is different.

The assumption that the crypto market is currently breaking down is not quite right, the fact that there are still many people who take advantage of the current market conditions to buy large coins at cheaper prices indicates that the market is still doing well, the current dump is arguably just a normal correction. Since a long time ago, dumps like this have happened not only now, but the market is only improving its ecosystem, don't panic to sell assets rashly just because of the dump.

There's no need to be afraid; all you have to do now is make some adjustments. China's news is merely another example of what has happened in the past. Things will be OK in no time. Man, if you're going to sell for less than you paid, that's your loss, not anyone's.

I think there was some fundamentals news that was responsible for the price correction I believe it is momentarily, price movement is not a one way traffic whichever bullish or bearish sentiment the price is undergoing there is bound to be a minor pullback or correction, which is presently playing out by Price Action , above all I always take cognisance of the need to always take some profits whenever the price rallies upward and wait for opportunity in case of any price dip or correction which we are experiencing now to buy and accumulate

I think this is a natural thing to happen in the crypto market, the ups and downs of crypto prices are not a surprise anymore but things that must be monitored by those who have crypto assets, be it bitcoin or other altcoins.

In my opinion, the cause of the recent decline in crypto asset prices is because investors are starting to reduce risk due to the declining global stock market. Global stock markets on the other hand are also in a slump due to concerns over risk shocks caused by China's property market. On the other hand, investors are focusing on the policy direction of the United States central bank, the Federal Reserve.

Big investors always take advantage of people who feel panicked by corrective market conditions like now, because besides they have a lot of capital when making purchases on certain coins, they also really like to buy at low prices to maximize profits at other times.

The crypto is getting correction and it is not yet to stop because bitcoin is still floating at $42k-$43k and could get down for more. You need to calm down and not panic by selling your bitcoin at a loss because bitcoin will rise again and start the next rally. You can wait for a while and buy back Bitcoin at a low price so you can expect to make a profit when the price increase. Hold your bitcoin tight, and maybe you can leave the market for a while so your focus is not on the crypto. That will be better to avoid panicking.

you already answered your own question . 
what happens is its crashing but if you want to know why , then i think this is because of the hack that happened recently but aside from it i havent heard any negative news that contributes with the dip .
 dont worry dude all will be fine again soon but if theres an advice that i can give right now that will be buying and then continue hodling it . you will greatly benefit for this trust me

Decision-making like this of course has gone through many considerations, we can't judge someone's decision to sell at a loss considering the level of someone's compromise on a loss is different, moreover those who have small capital in investing, the losses that occur are felt and this greatly affects the mental, will be different from those who have large capital, they will actually buy more assets that they consider potential because it will increase the profits they will get.