Bitcoin Forum
June 20, 2024, 12:14:49 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Not only Bitcoin but all crypto are down today!  (Read 134 times)
DustyRah (OP)
Sr. Member
****
Offline Offline

Activity: 530
Merit: 250


View Profile
January 22, 2018, 09:22:32 PM
 #1

All of the crypto are down today, not just Bitcoin. Looks like a certain amount of selloff causes panic and makes all noobs dump their hands resulting in what we see today. Ripple is down big time so this is not like some banks are orchestrating this or something.

I guess one more day in the world of crypto which recently has seen a whole influx of traders who are chopping waves and this results in take profits followed by cover positions. Not to mention the SHORTS.
aeternus
Sr. Member
****
Offline Offline

Activity: 686
Merit: 250


View Profile
January 25, 2018, 11:06:32 PM
 #2

All of the crypto are down today, not just Bitcoin. Looks like a certain amount of selloff causes panic and makes all noobs dump their hands resulting in what we see today. Ripple is down big time so this is not like some banks are orchestrating this or something.

I guess one more day in the world of crypto which recently has seen a whole influx of traders who are chopping waves and this results in take profits followed by cover positions. Not to mention the SHORTS.
The market is more or less mixed right now, there is some red and there is some green, it seems to me this is something we will have to adapt, the last year everyone got profits so it is possible this is going to be one of the difficult years in which bitcoin will barely move, now that will change if we get a big news from the developers like the lightning network being operational but we do not know when that is going to happen.
ktabb
Full Member
***
Offline Offline

Activity: 266
Merit: 103


View Profile WWW
January 25, 2018, 11:14:11 PM
 #3

All of the crypto are down today, not just Bitcoin. Looks like a certain amount of selloff causes panic and makes all noobs dump their hands resulting in what we see today. Ripple is down big time so this is not like some banks are orchestrating this or something.

I guess one more day in the world of crypto which recently has seen a whole influx of traders who are chopping waves and this results in take profits followed by cover positions. Not to mention the SHORTS.

Most crypto tends to move together (ish). Or rather, you could say they follow bitcoin. It's the same way all stocks in the same sector tend to generally move together. If Facebook is down one day, chances are pretty good that Google, Netflix, Apple, Microsoft, and Amazon are down too.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!