What is happening again? The market is looking all red!

[cybersofts]

Hello guys,

What is really happening the market all red?

Woke up this morning with my full confidence that market will continue to recover but it didn't!

Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper!

Thank you.  

[1713933821]

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[1713933821]

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[iqlimasyadiqa]

Hello guys,

What is really happening the market all red?

Woke up this morning with my full confidence that market will continue to recover but it didn't!

Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper!

Thank you.  

market bitcoin is experiencing a very negative trend. prices dropped by hundreds of dollars in just a few hours. I advise not to panic, we wait until the price shows a good thing at least in one week ahead. be patient I am convinced of a miracle that can make bitcoin increase again. because currently the bitcoin is in development and also the demand that many of the people in the market.

[TheGodson]

The Chinese government said that it wants to ban ICOs and also shut down exchanges running in their country. This is causing people to panic sell. A lot of people in the forums here just say that it is all FUD. Only time will tell for sure.

[Nameless27]

Same with you, I'm also expecting a recovery of price this morning but my prediction failed me for many times this week. But I'm still not backing down by holding what has left in my wallet for this kind of uncertainty and bad publicity. I can still handle this rate of pressures but until at what level below 3000$? I can't tell.

[Mometaskers]

People are becoming uneasy with all the news coming from freakin China. Trading alt coins is one of the main ways people earn bitcoins and with the ban on ICO, people are fearing there would be a disruption. The supposed closing of exchanges (I haven't checked which has closed, if any) isn't helping at all.

[aplistir]

Hello guys,

What is really happening the market all red?

Woke up this morning with my full confidence that market will continue to recover but it didn't!

Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper!

Thank you.  

Bitcoin has recently risen a LOT. It is only natural, that the price goes a little down sometimes.
And in addition to that the news from China are probably worrying to some people.

[harizen]

Hello guys,

What is really happening the market all red?

Woke up this morning with my full confidence that market will continue to recover but it didn't!

Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper!

Thank you.  

That is not a hell. Just think of how bitcoin or those other altcoins risen recently, still the amount it was increase is way better. Also hug the dip rather than consider that as hell.

There are lots of persons who always says that they are waiting for price decrease since they didn't able to do so when price is increasing. And now that their desires happened, still hesitation always come first. If you aren't ready for this price volatility, I can't imagined what will be the effect to you or to some people if bitcoin price goes back at $100 or altcoin price dumped at 1000%.

[subSTRATA]

Hello guys,

What is really happening the market all red?

Woke up this morning with my full confidence that market will continue to recover but it didn't!

Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper!

Thank you.  

it hasn't even been 48 hours, stop panicking. also, it dropped double of what it has so far when the news broke that china banned ICO's within their jurisdiction. I'm guessing that along with the news breaking of the JP morgan & chase bank's CEO's opinion on bitcoin coming out, people are starting to panic sell, and the price tanking only served to amplify the effect. if anything, it's a great opportunity to snatch up some cheaper bitcoin, i've full faith that the price will normalize a bit again, as it did not even a week after the news with china first broke.

Same with you, I'm also expecting a recovery of price this morning but my prediction failed me for many times this week. But I'm still not backing down by holding what has left in my wallet for this kind of uncertainty and bad publicity. I can still handle this rate of pressures but until at what level below 3000$? I can't tell.

that would be a near 33% price drop, i dont think the recent events are enough to destroy bitcoin that much, i think it would take a chain of unfortunate events for bitcoin to fall that far in the near foreseeable future. as for me, when the price starts stabilizing, ill buy some at my convenience and make a few easy bucks.

[layoutph]

We cannot help but to hold. Even Bitcoin itself is red. You can put a short position if you want . The garbage news from China is ruining the last stage of price correction of Bitcoin. The price is supposed to go up now.

[vroom]

there are multiple reasons for this development.

1. rumors about a china bitcoin exchange ban
2. JP Morgan CEO calling bitcoin a fraud is all over the mainstream news
3. the segwit2x fork threat in november is also approaching

[eann014]

Same with you, I'm also expecting a recovery of price this morning but my prediction failed me for many times this week. But I'm still not backing down by holding what has left in my wallet for this kind of uncertainty and bad publicity. I can still handle this rate of pressures but until at what level below 3000$? I can't tell.

I am also expecting yesterday that the price will go up but I am wrong with my prediction and also my brother told me to wait until tomorrow to the price of bitcoin to go up but we are wrong. I am also panic right now. But I am still expecting the price will go up.

[ryo03800]

like the news when there will be hardfork on August 1 ago, the price of bitcoin down because there is panic. And now the news of panic comes from China, and I'm sure it will not last long, then everything will be fine. And later after all normal returns, then every wake up and you see the market, everything will come back green

[n0ne]

As Op has described each and every digital token market trend were found red. This is the indication of the fall in the value of the asset, also till now none has a clear statement for the ongoing price fall going below $4000. Now the whales could have started investing while the small volume holders starts to get panic and tend to sell.

[emberbekas]

As Op has described each and every digital token market trend were found red. This is the indication of the fall in the value of the asset, also till now none has a clear statement for the ongoing price fall going below $4000. Now the whales could have started investing while the small volume holders starts to get panic and tend to sell.

I keep holding my bitcoin even though the price's trend isn't in my favor. I consider to buy again when the price down to around 3500 USD. I do believe that this is just a temporarily. It'll increase again soon!

[cybersofts]

there are multiple reasons for this development.

1. rumors about a china bitcoin exchange ban
2. JP Morgan CEO calling bitcoin a fraud is all over the mainstream news
3. the segwit2x fork threat in november is also approaching

Yes, now you are talking my friend. I know there most be something that really shakes the market for sure, but I don't know what exactly for sure!
So, JP Morgan CEO show his hate on bitcoin and bitcoiners as well, that son of the bit*h never see us coming, did he? Very soon they will be out of the picture.

[777Bitcoin]

there are multiple reasons for this development.

1. rumors about a china bitcoin exchange ban
2. JP Morgan CEO calling bitcoin a fraud is all over the mainstream news
3. the segwit2x fork threat in november is also approaching

That's what makes it all red for sure, I don't know if china banned of ico is just a humor or a true event but it likely be one of the factor. JP Morgan just ignored that fool for he just want attention for his greedy banks. This November as fork may happened hope I turned out to be like august for it makes more positive impact than negative one.

[iamTom123]

Hello guys, What is really happening the market all red? Woke up this morning with my full confidence that market will continue to recover but it didn't! Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper! Thank you.  

This is all the game played by the whales to bring the value of Bitcoin down so they can be able to get more of it at a cheaper price...soon enough they would do the other thing and that is pumping the value of Bitcoin so they can sell what they bought at a lower price for a higher value. This is just a cyclic nature and these people have been good at it having done the same thing again and again with good rate of effectiveness.

Of course, the backdrop for the dump will be the news (and rumor of news) coming from China of the possible banning of Bitcoin exchanges though there remains no announcement from the government on the said issue. In other words, the market is just reacting to the continuing emission of speculations.

So what can we do as small holders of Bitcoin? Well, we should not panic and be a part of the negative bandwagon...we will hold our Bitcoin knowing that things will definitely turn around soon. No need to panic. No need to do anything that we might regret later.

Just stay put and maybe hold some breathe and stop looking at CoinMarketCap.

[Rana590]

Hello guys,

What is really happening the market all red?

Woke up this morning with my full confidence that market will continue to recover but it didn't!

Can someone explain to me what is really going on because the market is not recovering, instead going to the hell again, more deeper!

Thank you.  

Don't be panic on the price of bitcoin. The price of coins are not stable every time. There is a doubt about on ico's ban on china. The earner of Internet is interested to earn on altcoin on ico and sell it via Bitcoin. I think the price of bitcoin will increase very short possible of time.

[Herlina]

some negative rumors that make panic for weak hands, that's what makes the market is looking all red
I ignore the FUD, I think this is an opportunity to buy at cheap price

[davegee]

Sell everything you have. Then buy back in at $2800. Simples.