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

[janedt]

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.  

Well the crash has something to do with Jamie Dimon's interview in cnbc saying that bitcoin is a fraud and also the china's ban on bitcoin exchanges and the chinese selling all their bitcoins so, i think that the china's ban contribute a lot in the crash but the price is slightly recovered as of now so, nothing to worry

It is, most people here panicked after that news from China and makes the market all red and crashed. Actually i thought bitcoin will keep going down until the end of the month but it stopped when it reach $3,380 and i really happy when the price of bitcoin start go up again. I can't imagine if i have many bitcoins when it happened.

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[swogerino]

We need patience.

Bitcoin is the way to the future money. It is simple, I agree that have been a lot of pumps and dumps but just check the bitcoin price during this year only, it has more than quadrupled. This gives us an indication that after a few years maybe the price of a bitcoin can be to 25000-30000 usd but we can only speculate as no one from us knows the future.

[JoMarrah Iarim Dan]

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.  

Yes the market is getting red again. It is a sad thing. But lets don't panic, I think it is just normal when it comes to this market. Why ? Different digital currencies have price that are not stable every time. So it can goes up and down. By this time it is more on decreasing and the time will come that it will increase again but no one can tell when.  But despite all of this I hope the price of bitcoin will increase sooner for we bitcoiner earner of Internet is interested to earn on altcoin on ico and sell it via Bitcoin.
Well anyway, lets just be updated or monitor the coins price. Maybe on the other you/ we woke up its all green again. BE PATIENT.

[Rayskiy]

Guys, just someone needs to rebuy some) Don't panic! you can rebuy too

[ipanks]

i think not all coins is looking red because if you take a look or you trade in bittrex, there is many coins that in green positions and if you have some of the coins, you can make profit. but yes i realize that most of the coins is in red but its not stop us to make profit with another coins. you should search another coins and analyze first if you want to buy that coins before you missed the party.

[sheldonnnn]

Yes, the case with China had a very bad effect on the price of Bitcoin. But I think that the price will recover eventually we just need to wait. I'm sure that it will reach 5000$ again. The drop in Bitcoin's price is not something rare. Do not panic.

[rido]

it must be very dangerous and definitely the market is very disadvantageous and people sell coins are very confused whether on sale or not.

[rockyboy]

Recently checked it out and find it more stable than last weeks chart. Better for us to check our investment from time to time to avoid some losses specially now that fake news are revolving around the social media that greatly affect our investment in crypto.

[andthereyou]

it must be very dangerous and definitely the market is very disadvantageous and people sell coins are very confused whether on sale or not.

I don't think it's dangerous and very at disadvantage.  You just comment today but the price today just reach 3800-4000$ range, it already recovering from price at 3000$. It was a few weeks ago that the price was very low and now it already recovering. During the panic time some traders already predicted that the lowest price were around 3000$ and it turns out as predicted. Today maybe the best time to buy bitcoin while the price was still at 3800$. 

[Irdina]

For a trader the patience is important,Be patient when the price drops ,, later will also return to normal.
The price up and down in Crypto was the usual thing,
Many things trigger the price of bitcoin down,

[Nameless27]

I know how you feel but don't make your emotions as an echo of your actions and decisions. Think much better way to calm yourself down or don't look at the chart so often. Goodluck brother.

Yeah, far and away, I made the most money from my crypto during the year-plus that I wasn't looking at the price and had pretty much completely forgotten about it.  Now that I'm aware and monitoring the price, I start making stupid decisions.

It is normal that coins may dump sometimes. We need to stay calm and we need to be patient until coins will be good again and until the coins will pump again. Just be patient amd wait for it to rise again. In that case we will have some profit when we want to sell them. Just be patient guys.

That is necessarily. The only way we can be sure not to do such wrong decisions that may result to losing, it would hurt our investments a lot. We maybe look good superior or we may tried to be a better player, trader or hodler but in reality we do have emotional tendency also but we keep on trusting and waiting patiently for our own gain, for our own good. Look at it as an asset that can only be used when it is badly needed.

[soham]

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.  

Yes indeed the market is showing all red with few exceptions but I am sure that this is not going to sustain for long. It is just the after shock of the major downward trend that the market has shown for last few weeks. That's very normal for the real life stock market and this crypto market as well. It is just saving the energy and strengthening its ground to take the next leap. So chill and wait for the best time to enter.

The bitcoin price is currently standing at $3700 level so it looks really good time to enter. Start buying in small amounts and accumulate. I am doing the same at this moment.   

[BitcoinPC]

This is due to the people who panic selling their coins because of those speculation that China will going to shut their connection in ICOs which will I believe will affect the total market of crypto currencies. But I hope nothing will happen so much with drop price. It has also something to do with the correction of btc price, as there is always a roam of correction of bitcoin price, everytime it is raised high.

[Sithara007]

I think that we may need to wait until November (2 MB block size implementation) for the next major upward price swing. Until then, the FUD from China (and also that from Jamie Dimon) will keep the exchange rates at sub-4,000 levels. But we need to acknowledge the fact that despite China trying to destroy Bitcoin, we lost only around 20% of the exchange rate.

[Franz_Huber]

This is due to the people who panic selling their coins

I totally agree with you, besides I know many friends, who panicked and sold all their crypto currencies

[sakkosekk]

Up and down is understandable for all financial markets
When the market goes up resistance, many investors are psychologically taking profits and selling out
The market will go down for a while, then the green market returns, recovering
Please calm down and keep your money

[DuaLipa]

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.  

Yes indeed the market is showing all red with few exceptions but I am sure that this is not going to sustain for long. It is just the after shock of the major downward trend that the market has shown for last few weeks. That's very normal for the real life stock market and this crypto market as well. It is just saving the energy and strengthening its ground to take the next leap. So chill and wait for the best time to enter.

The bitcoin price is currently standing at $3700 level so it looks really good time to enter. Start buying in small amounts and accumulate. I am doing the same at this moment.   

We can't now decide whether it's a good level to enter it. It can decrease more than this. It is only up to a chinese manipulation to decline for hundreds of dollars. It will be hard to catch old bullish market.

[GreenBits]

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.  

Yes indeed the market is showing all red with few exceptions but I am sure that this is not going to sustain for long. It is just the after shock of the major downward trend that the market has shown for last few weeks. That's very normal for the real life stock market and this crypto market as well. It is just saving the energy and strengthening its ground to take the next leap. So chill and wait for the best time to enter.

The bitcoin price is currently standing at $3700 level so it looks really good time to enter. Start buying in small amounts and accumulate. I am doing the same at this moment.   

We can't now decide whether it's a good level to enter it. It can decrease more than this. It is only up to a chinese manipulation to decline for hundreds of dollars. It will be hard to catch old bullish market.

amen! the markets obviously havent completely recovered, and to be honest it seems like we will down before we go up. it took  that massive flash crash we saw recently, in order to boost confidence even for that short lived run (we got knocked back down with additional unsubstantiated rumors) i dont think the China news is completely priced in, and it will take additional clarification before the market feels good enough to rebound, or at least behave normally. the eth tokens are taking the worst beating in all of this; the underlying asset is devaluing AND people are fleeing the asset to get to eth or btc.


firesale prices but this may not be the bottom. and these fake pumps are getting old.

[JuliaWSisson]

A better way to calm down or not often look at the chart. We need to stay calm and we need to be patient until the money is good and until the coin pours. The price of Bitcoin and all other coins will soon rise to Cheesy. If the price of a coin is always rising or stabilizing.
Goodluck brother

[949miner]

It is going up, but it is going to be a slowly proccess since we are recovering from a bearish trend, i really hope that the price is not going to go down again, because i want to cashout some altcoins and bitcoin price really affects me, but it does not matter, if it goes down, i will take the opportunity and i will buy more bitcoins because it is going to drop a lot