why the price of crypto seems so volatile right now ???

[Yaunfitda]

Since January seems cryptocurrency market seems down I do not understand why? what's going on now?

Here is my personal view on why crypto has been very volatile lately.

1. Government around the world is on full attack on crypto.
2. South Korea, who has been a hot bed on crypto suddenly announced that they will ban it (FUD). Causing the price to crash as well.
3. Bitcoin future contracts. CME and CBOE seems to have a negative effect, specially when they are about to expire.
4. China wants to stay relevant. They have been releasing statements lately that is not clear which resulted in massive FUD.

So with that said, we can't really took off as the market is bearish and the price is going nowhere. There's a lot of bearish sentiments, that's why investors are indecisive, its like they are playing the waiting game.

[think3214]

Since January seems cryptocurrency market seems down I do not understand why? what's going on now?

Recently, the impact of falling bitcoin prices is due to the fact that the Chinese and Korean markets are closely monitoring the bitcoin investment and digging of virtual money from local companies. China and South Korea have made more difficult decisions in bitcoin trading. This has reduced bitcoin prices. But today the market has "recovered" again. bitcoin prices increase. This is a sign that the bitcoin will not decrease and will continue to increase in the future.

[GoodLuck2]

Crypto value will never be stable, and this time the volatility is caused by the uprising in recent few months, and since that time many investors has put thier money in crypto and got so many profit, that is why there are so many pump and dumps now, the investors want to repeat the scene on December to gain a lot of profit

Yep. As long as the cryptomarket is being dominated by speculators, those huge ups and downs are gonna stay. I'm sure 99% of those involved in cryptocurrencies are 'here' to make more fiat money. When crypto gains a stable foothold as a form of currency itself, things will probably smooth out. This could still be years away however. Perhaps it even never happens!

Isn’t it good to have ups and downs and yes you are right about one thing, majority here wants to earn fiat profit out of crypto currencies and that is why volatility matters. Bitcoin is a long way from stabilizing but honestly, I don’t even like the idea of it becoming stable. I feel like it will lose all the fame and interest of people if that happens as the chance of earning profit will be lost. Then there would be no reason for that 99 percent to hang around here.

[South Park]

Since January seems cryptocurrency market seems down I do not understand why? what's going on now?

There are many reasons like:
1. December was the pump month for whole Crypto.
2 BTC futures are about to expire this month, I don't know how exactly this influences but shorters are gonna win this season.
3. China and Korea regulatory FUD.

Those 3 particulars are one of the biggest reason on why we can see some down trend right now and it really hurt the market badly since it creates huge panic to the people who owns some crypto's. But let's expect that their are big events come with bitcoins so that the positive mindset will cameback on it and we maybe see some slow growth of bitcoins by the time all things are settled in regards on china and korea's fud.

That is the cause the prices went down but the truth is that anything could have made the price to go down it was simple unsustainable for bitcoin to remain at those prices, now we are in the other side in which we are testing how low bitcoin can go and we are finding out that 10k is the floor of bitcoin which is good this means that most of the growth of bitcoin was real and the rest was speculation.

[gabmen]

Since January seems cryptocurrency market seems down I do not understand why? what's going on now?

Well it's not that hard to see why. First, it seems january has never been a good start for btc ever since. And then there's the negative news and fuds here and there ever since bitcoin's popularity boomed last december. We're in a correction right now and it's pretty normal that the price movement is mostly going southwards

[Theb]

It always has been like this and judging the question you have asked I think that you are still new to the cryptocurrency market as you have asked our current month which all cryptocurrencies are taking a hit. The right answer here is because majority of the cryptocurrencies made a price rally together with Bitcoin which created a lot of noise, right now the noise had died down and majority took profit.

Looking at it way back you will see that there are really now stable currencies out there at all, as all of them are volatile or subject to change because there are no governments controlling it they are only influencing it the price movements, also the biggest price mover are the whales which are large holders of that crypto they can really make a big influence to the prices.

[jackhdt]

Since January seems cryptocurrency market seems down I do not understand why? what's going on now?

the decline of the first week of Crypto market that seems to be a repetition of the beginning of January 2017. We see most clearly is, on 17 January, the BTC and the ETH also 30% discount. some of the causes are mentioned as: the fud Wall Street Strategies and decrease 70-90% for Bitcoin on CNBC ;Lunar New year for Chinese people; Korea regulatory FUD; pump; pump in December too strong..