Why does the cryptocurrey market go down recently?

[wenzuo]

i think there should be a symbol that the bear market come, i don't know the reason why do almost all the coin price include btc and eth do down

[1714494550]

1714494550

[1714494550]

1714494550

[Dark_Element]

Yeah, it's been an ugly drop these last couple weeks.
They have to shake out the weak hands and get rid of all those hobby miners.

The pain isn't over yet, I think we have a ways to go.

-DE

[leyton11]

i think there should be a symbol that the bear market come, i don't know the reason why do almost all the coin price include btc and eth do down

Yes, I can sure 100% July is bearish market and we can see in next time the price of crypto will comeback to real value as 6 months ago, next time will prove my idea is true, wating

[helloge]

Maybe it is not a bad thing for the cryptocurrency market. The bubble is big enough and there are too many scams, the price should turn to be a reasonable level and the teams should focus on doing something real, rather then collecting a lot of money and do nothing.

[Dark_Element]

i think there should be a symbol that the bear market come, i don't know the reason why do almost all the coin price include btc and eth do down

Yes, I can sure 100% July is bearish market and we can see in next time the price of crypto will comeback to real value as 6 months ago, next time will prove my idea is true, wating

What what are you saying? That ETH will be $10 like 6 months ago?

[BTCwriter]

Crypto market in bear period of profits taking right now so this is good time to looks for promising project like Ark, Blockpool or Lisk ect

[minbosen]

Well, do not be so worried, I think the price getting lower is normal. Maybe some big whales want some cash and they sell some of coins. Since the development of blockchain can not be stopped, the further is still bright in my opinion.

[nasipadang]

i think there should be a symbol that the bear market come, i don't know the reason why do almost all the coin price include btc and eth do down

I think it's because of the outstanding issues that have a negative impact on cryptocurrency and the panic holders on the issue, don't worry because the price change in cryptocurrency is a common problem

[Hammonds]

i think there should be a symbol that the bear market come, i don't know the reason why do almost all the coin price include btc and eth do down

I think it's because of the outstanding issues that have a negative impact on cryptocurrency and the panic holders on the issue, don't worry because the price change in cryptocurrency is a common problem

I agree, because if many outstanding issues greatly affect the price in the coin market

[danherbias07]

A good question.
Then good answers from the users above. At the end this are all opinions.
I have my own though. I say it is all from panic users. Seeing bitcoin down and other altcoin moving down also made them sell it back to USD or other currency of their own country.
This is not new though. It will happen more since we are inviting more users. New users tend to panic with just a little movement. Didn't we all experience that.
After that, they will be added to users who will have no doubt with their supported currency.

[anylic]

This phenomenon occurs when investor sentiment became afraid and then they will run away and now the whole market will show signs of going down

[airdnasxela]

i think there should be a symbol that the bear market come, i don't know the reason why do almost all the coin price include btc and eth do down

There is no specific why many altcoin holders decided to sell their altcoins which cause dump with its price. Since btc also dump, I thinm some investors are pulling out their money in crypto currency but I hope many investors could replce then and make the market of crypto currency stronger again.

[Teraboy]

i think there should be a symbol that the bear market come, i don't know the reason why do almost all the coin price include btc and eth do down

Looks another bearish trend, But i just think if the recent pump was a bulltrap, but i think it will go down anymore. The comeback will be really fast. I believe this will be ended as fast as possible.
Just hodl all of your portfolio.

[swissgang]

for example I don't think ethereum is a bubble its price 200-300 good but collecting in icos 20-30M is wrong for projects and will be bad for market in the following years.

[Xavofat]

for example I don't think ethereum is a bubble its price 200-300 good but collecting in icos 20-30M is wrong for projects and will be bad for market in the following years.

Clearly is a bubble.

It's gone up thousands of percent in just a few months.  There's no world in which that isn't a bubble.

[densuj]

i think there should be a symbol that the bear market come, i don't know the reason why do almost all the coin price include btc and eth do down

I think bitcoin's price is down trend because the activation segwit2x on bitcoin's network, almost all of peoples are fear because of it then they sold their bitcoins, the activation of segwit2x on bitcoins can be fail and there are risk to failure on bitcoins network if there are some comunity of bitcoins doesn't agree about it and the impact on bitcoin's price will be down and ethereum's price goes down trend because it follow the trend down of bitcoins.

[BitcoinzB]

I think that bitcoin (and most altcoins) will keep going down until and even after August. This trend will be followed to a huge increase soon after though - lets give it few months. I don't think it's time to panic, who's been actively investing in bitcoin for the last years knows how this market goes - nothing new.

[wawaTwice]

i think there should be a symbol that the bear market come, i don't know the reason why do almost all the coin price include btc and eth do down

Yes, I can sure 100% July is bearish market and we can see in next time the price of crypto will comeback to real value as 6 months ago, next time will prove my idea is true, wating

I quite think the same. Crypto and altcoins surged lately. Most of the newcomers saw Bitcoin price constantly increasing for the past few months and started to invest in it to gain profits. Then bitcoin stop increasing around the end of May. It went down to 2000$ and lot's of people thought it is ok, bitcoin will go up even more (because the 6th of Mars 2017 bitcoin was around 1270$ and the 24th of Mars 2017 it went down to 981$ or something and yet, bitcoin still went up to 2725$ on 25th may of 2017). Now for the past months bitcoin went up and down with most likely a downwards trend. It is quite normal actually. The trending phase has ended. Most of the lately newcomers are not willing to lose lot's of money and so are leaving crypto with their profits. Of course, altcoins suffer the most from the downwards trends. Bitcoins prices surges and so early adopters of cryptocurrencies (and newcomers that really makes the effort to look into crypto and not only bitcoins) started to invest in altcoins to gain even more, profits (because it is easier to double a 60m$ market cap then a 20b$ market cap...). Yet the bubble kind of explode a little bit (plus the ICOs that spread the money and hence avoid us from making any profits).

All that putting together, newcomers will retire from bitcoin very quickly because they are the ones that have the most to loose. But, as they left crypto world, other people will start to loose money and so... a reverse downwards trend. Moreover we are in summer so lot's of people will enjoy holidays or whatsoever so during summer crypto world aren't moving up that much (on the contrary). To sum up, crypto will go downward because

- newcomers will quit to avoid loosing money
- we are in summer so markets won't likely grow
- altcoins are more affected by the downwards trend
- people are too greedy! The first rules of speculation is that you are ok with loosing the money you are investing... newcomers don't follow that rule and are too greedy

All, in all I think bitcoins won't decline too much because people will either exchange their altcoins to bitcoins to reinvest in alts afterwards or simply from bitcoins to fiat. In either of the two ways, the market will likely decline for a while, but it is for the goods, it will sweep off uninteresting projects and it will remain only good altcoins with good projects to invest in and so the moneys won't be spread over too many project and the marketcap of the goods projects will finally surge back.

Something like that...

[McWorse]

First I'll take a look in my bag of coins which I am holding since march this year and at the factor of multiplying of my investment from march until now:

SC x 16
XRP x 10
LSK x 10
ETH x 7
XEM x 7
NXT x 5
ARDR x 4

This is my profit for the last 4 month in BTC. (In fiat you can multiply all this profits again with the factor 1.9)
For short term traders it might look bearish at the moment.
For me - as a long time holder (4 month lol) - it looks, after some small corrections in the last few days, nothing else than bullish.
Bullish.
Bullish.
Bullish.
!

So please stop this confusing fear. Please remind yourself instead, that in a bullish market small corrections over a couple of days / weeks are absolutely normal. Downsize your expectations. Or do you really think, that x40 average in 4 month without correction is normal ... ? It would be great. Of course! But to believe in that is a little bit ... childish.
Hm?


Regards!
McW

[ethersphere]

They are all kind of linked. Through the BTC/XXX markets.

For example, btc/eth markets price = 0.1, ethers are 1/10th the price of bitcoin (230 USD ethers -> 2300 USD bitcoins).

If there's a major selloff in ethers and ETH/USD falls, the market will push BTC/ETH, BTC/USD both down to ensure equilibrium.