Almost All Cryptocurrency have fallen

[chixka000]

The Chinese government banned ICOs. Naturally as a result, alt coins started dropping. People are fearful they won't be able to get their money out with the government cracking down.

For the next couple of days I think it will blow over and go back up, but only time will tell.

there is no valid reason that because of the banning the sudden drop happens. Chinese already did it a few months ago and still the crypto remains to sore high and higher than before.

[michellee]

The Chinese government banned ICOs. Naturally as a result, alt coins started dropping. People are fearful they won't be able to get their money out with the government cracking down.

For the next couple of days I think it will blow over and go back up, but only time will tell.

there is no valid reason that because of the banning the sudden drop happens. Chinese already did it a few months ago and still the crypto remains to sore high and higher than before.

yes maybe that news is one of many reason altcoin was fallen and it just makes people panic selling although I am sure that there is another reason that makes altcoin price decrease like now. but if its because of the ico scamming people, I think not all ico is bad because I am sure that there is many ico which will give benefits for investors.

[edynolan]

it all happens because china prohibits ICO, all the price so decreases because china has high strength in the crypto part. it usually happens on a few bourses and will come back some time later

[Wildwest]

The Chinese government banned ICOs. Naturally as a result, alt coins started dropping. People are fearful they won't be able to get their money out with the government cracking down.

For the next couple of days I think it will blow over and go back up, but only time will tell.

there is no valid reason that because of the banning the sudden drop happens. Chinese already did it a few months ago and still the crypto remains to sore high and higher than before.

yes maybe that news is one of many reason altcoin was fallen and it just makes people panic selling although I am sure that there is another reason that makes altcoin price decrease like now. but if its because of the ico scamming people, I think not all ico is bad because I am sure that there is many ico which will give benefits for investors.

“ICOs are vulnerable to money laundering and terrorist financing risks due to the anonymous nature of the transactions, and the ease with which large sums of monies may be raised in a short period of time,”
Money laundering and terrorist financing i do not think ICO affects both the reason is not very clear I think.

[suryati]

I think this happens because of the issue of china that prohibits all ICO activities in the country, but don't have to worry if you have this capital a good time to buy altcoin and of course this is at risk, do a good analysis before you make a decision invest your capital which would hope benefit. 

[heitorlinks]

I saw today that the price dropped to almost all the cryptocurrency available on the market. does anyone know something about this topic? what to expect next days ?

China has banned the ICOs that are pre-launching a new currency. One bad attitude, because the world in the rest of the world is legal.

[Marian21]

Yes i agree that all cryptocurrency are now down and at buying price right now. Try to buy as many ad you can right now. Try to buy good coins that are worth to invest.

you can give me some advice? wich coins worth to buy this days?

[Doms]

One way to look at it is the we are being presented with an opportunity to buy at discounted prices. We all know that this is a temporary thing and we still have another 4 months for another rally to push the price past $5,000 again and even higher.

[Red-Apple]

people keep saying it is Chinese government banning ICOs but the fact is that it has small effect. the real effect was always because of bitcoin.
a correction was started in bitcoin and the panic sell followed and since it became big all the altcoins got dumped.

it has always been like this and it will also always be like this:
when bitcoin goes down, altcoins go down even more

[iamMhew]

I saw today that the price dropped to almost all the cryptocurrency available on the market. does anyone know something about this topic? what to expect next days ?

it is normal that all cryptocurrency price are dropped, no need to panic because some of big whale are stayput on their chair waiting for this moment to buy some and hold.

other says its because of chinese government who banned ICO but i think it is not the reason's why. maybe it has a effect but not too much or totally the reason,  like i said it is normal to all alt-coins to drop.

[snook]

Just remember.  People with huge amounts of Bitcoin (whales and super whales) don't make money with a steady increase.  it's like they need big drops......wait 

anyone remember when bitcoin was $12?  and people think a drop to $4000 is low.

[farhansadik]

Almost All Cryptocurrency have fallen The common fact is,
China Govt. bans all ICOs & Digital Coin that launches as public financing but without any illegal Info.
That's why Alternative coins started dropping down.
I am completely agreed with this decision.
I think This decision was taken because Now a days most of ICO's are launched without any proper info & most of them are fake.
This will help reduce the scam, Now only real Alt can sustain on Market.

[entrepmind23]

it is normal that all cryptocurrency price are dropped, no need to panic because some of big whale are stayput on their chair waiting for this moment to buy some and hold.

other says its because of chinese government who banned ICO but i think it is not the reason's why. maybe it has a effect but not too much or totally the reason,  like i said it is normal to all alt-coins to drop.

We all know that cryptocurrency is a volatile market so something like this happening is not that new and because of bitcoin is in its corrective phase, other altcoins followed suit cause many are panic selling and maybe will get out totally to cryptocurrency or would just wait till price is going back up again. We can observe that price is still going down today and we don't know where is the bottom to this but of course there are speculations of where it is so for others who can take this fall, they will hodl and for others who panic, they get out. I think during this time, this is a test of who really can take the appetite of being involved in cryptocurrencies.

The idea is that veteran traders took profit when price is in ATH or almost high and then others followed suit and since it made the price go down, others panic sell and push the price down further. The announcement of China banning ICOs affect some altcoins thus it goes down as well and eventually almost all altcoins are down.

[bangjoe]

Just remember.  People with huge amounts of Bitcoin (whales and super whales) don't make money with a steady increase.  it's like they need big drops......wait 

anyone remember when bitcoin was $12?  and people think a drop to $4000 is low.

People who rely on income from bitcoin with minimal funds will choose panic and sell it, this will enter the transition period and could be more than three months, I regret this, but this dynamic will always be there, if we wiser then better do not be pushed more panicked because there is still whales that anytime can raise prices again.

[Heyyyrenz]

Don't worry about it. That's how the market works sometimes the prices pumps and sometimes the price dumps (like happening right now) but all i know for sure is that it will recover soon after a big loss, when i first go into trading i'm panicking because of what happened but right now i'm calm and have patience.

[erickkyut]

Yes almost all of cryptocurrencies have fallen. Some says that it is just a price correction while other people say that it is because the whales are manipulating the market. For me, it is just a common scenario. Cryptomarket is super volatile. We should not always expect a steady increase. There will always be ups and downs.

[DoublerHunter]

Yes almost all of cryptocurrencies have fallen. Some says that it is just a price correction while other people say that it is because the whales are manipulating the market. For me, it is just a common scenario. Cryptomarket is super volatile. We should not always expect a steady increase. There will always be ups and downs.

It is all about the announcement of China that they banned ICO and it affects the market since most of the investors and whale holders of bitcoin are from China so it is understandable that the market right now is falling but we need to calm and think positive because the market will have a bounce back once the issue is fixed.

[Fappanu]

I read in an article that the Chinese Government closed the ICOs. That's why the price of bitcoins and altcoins have fallen. And even the rise in the price of bitcoins was halted. Now let's market the rest and rise again. And for all it's bought at high prices. Just hold and wait because you're losing money when you sell it now,
The government is really the same as seeing that development will overtake you because they have nothing to do with it.

[CryptoBry]

I saw today that the price dropped to almost all the cryptocurrency available on the market. does anyone know something about this topic? what to expect next days ?

This whole mess can lead to the total death of Bitcoin and all the cryptocurrency market. The Chinese government is all powerful and soon they will also influence the USA government to call ICOs as illegal and the use of Bitcoin will be regulated to the max. Now, I am just kidding. But if you think that things are getting serious (like in an emergency ward something like a 50-50 case) then get your money from the coins you invested and then run as fast as you can!

[mharz]

Yes almost all of cryptocurrencies have fallen. Some says that it is just a price correction while other people say that it is because the whales are manipulating the market. For me, it is just a common scenario. Cryptomarket is super volatile. We should not always expect a steady increase. There will always be ups and downs.

I also sees that all cryptocurrencies are started to fall down, maybe drought season is coming now. I was scared of this, because almost all of my investment had a possibility to close because of that. hoping that this is not happen for long time.