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

[anitaraymonds]

Yes, It is observed this morning. When BTC goes south all other altcoins follow suit. But it is normal for breathing and will soon pump.

[1714145498]

1714145498

[1714145498]

1714145498

[1714145498]

1714145498

[Labay]

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.  

i think because too many coin do release thats why too many people use other coin that can cause by low demand of other coin.

[stompix]

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.  

1. Price is dropping and that's why it's all red. But you can move to China where the colors are the opposite to feel better.
2. Your confidence was based on what? If you spend to much time in this forum you will lose touch with reality. It's what happens to people sent to a monastery, yeah... brainwashing.
3. People lose your number 2, confidence. And they sell, with less and less people buying.
The market is clear:

Based on numbers people think right now bitcoin is over valuated.

[swiftblade]

It is a market,  just wait and see, when it touched the bottom of the chart I will Buy. Just need more observation and advices from Pros for recognizing where the real bottom is.

[peter0425]

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.  

Its really the negative news coming from China that greatly affected the price. Yesterday it was around $42xxx already and I'm thinking that we are already in the road to recovery. But the dump happen again. And then JP Morgan's Dimon claiming the bitcoin is a fraud may have contributed as well to the price declined. It's another bloodbath but I consider this another challenge that bitcoin market can overcome in the next coming weeks. So we don't need to panic but instead this is a chance to get bitcoin at a bargain.

[Zylon]

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 really seems like China is going to ban the exchanges, these are very bad news for all cryptocurrencies and so the people are in panic!
I know that these are all rumors and maybe not true, but you have to keep in mind that the chinese goverment never liked cryptocurrencies!
I think the whole market cap will dump a lot more,maybe even under 100 Billion, specially after a official statement from the chinese goverment, but that is ok, I am not worried at all!
Japan/Australia/Canada etc. did understand what the technology is about and they will replace China easily! and it seems like ETF trading will be possible soon.

If the chinese goverment do really ban cryptocurrencies, it will be the worst mistake they did for their own country!

[13abyknight]

A lot of happenings are influencing the current price of Bitcoin, the main ones being the Chinese government's decision on banning Bitcoin and altcoin exchanges across their country and JP Morgan CEO, James Dimon's utterly baseless statement of calling Bitcoin a 'fraud' worse than the tulip mania. Its pretty saddening that just baseless news is enough to bring a flourishing market down to its knees and it only gets worse as more FUDs appear as we watch the market tumbling.

[modous]

Don't worry about it. the value just dropped a bit but ofcourse it will go up again after some time. That is how bitcoin works. If i were you you should invest on bitcoin when the value drops so that you can make profit i it goes back up.

[Mandoy]

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.  

The huge drop in bitcoins value is due to panic selling of bitcoins by holders. This panic is triggered by the current issue in CHina wherein the government is banning bitcoin exchanges in their area. This has caused a negative impact on the bitcoin market as a whole. China as the biggest farmer in bitcoin mining will surely place a great pressure and impact on bitcoin which resulted to the present downfall of bitcoins value.

[iamMhew]

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 is usually happen when bitcoin soon to raise 2x in the market, the drop indicates that bitcoin will pump the day after tomorrow . its all already happened before so dont panic because it is a normal scenario that even bitcoin goes down including alt-coins too. or maybe bitcoin now is facing a problem from those negative news that can affect on bitcoin price now. but hoping that it will back to normal, just hold on and dont panic, everything is fine.

[chesegrinder]

same here im looking forward for the price this morning but it all turns red last night it was a 4% negative but right now it price go down. but I think it is the time to hold and buy more. Remember what happen last aug. after a week or this month this will give as a full blast of increase. just hold on your bitcoin and dont panic sell it will all turn the price red just hold on and buy more as the price is low.

[wilhb81]

The reason why BTC dropped so fast, because of the panic attack sellers in China who didn't want to hold their BTC anymore.

The price will be stabilized again in the next few weeks (Hopefully there will be no more negative news ahead)...

[semisyntheticpsy]

$3800 :0

Buy Buy Buy

[pawanjain]

The price was good yesterday and I sold all my coins yesterday . I thought the price would be more high today but to my surprise it went way down.
I think its a very good time to buy some bitcoins as it will surely increase in price in some days after the China panic is over and then will be a good time to sell and make good profits. Its certain that the Chinese people are selling all these coins because of the uncertain decisions taking place in their country. Its a good opportunity for others to make money out of this situation.

[radokan]

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

This is only sign that big banks are afraid of bitcoin and he said bitcoin is fraud because he knows bitcoin is real and it is here to stay long long time. Banks can kiss our asses

[Karartma1]

2014 has been the worst performing year for bitcoin, even back then we were seeing all red candles. Those who believed in the good of the project and those who understood what bitcoin is really about got both knowledge and profit within one of the most exciting field IT has ever seen.
If you can't keep up with the Red, well this world is not for you. Better leave it before it's too late. But if you understand what impact Bitcoin will have long-term, welcome aboard and enjoy the up&down ride

Hold your keys

[coin-investor]

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.  

We have the same sentiment I thought it will rally just like what happened last week, but it's not the kind of news that will make me dump my coin, it's just another of those bad days of Bitcoin but I'm 100% sure it will rally next week.

[CryptoBeefy]

I just wish China would hurry up and ban it all rather than threatening to. At least the world would know where it stood. As for now, hodl.

[cybersofts]

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

Yes, I agree with you here and thanks for the advice!
Now I see this is an opportunity to buy more coins more cheaper.
And later sell at high price, only weak hands gets panic because of negative FUDs.
Keep holding on your bitcoins. Keep calm and buy more bitcoins, as much as possible.    

[Prince8]

whats the difference what happens in the short term ? you are not gonna sell anyway, are you ?