Is everyone "Cashing out"

[rickou812]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

[Thermatic]

Yeah the Christmas cash-in

[pikebu]

Just noticed a sudden drop in all the top cryptos, is there a large cash in for fiat in progress??

No i don't think, the price of digital coins ( bitcoin, ethereum and other alternative coins) goes down doesn't mean they are making withdrawal large of fiat money but it is just fluctuation in the price, usually the price will goes up again in couples weeks later because some reasons Bitcoin is Digital Gold
Ligthning network will be (coming up) - Digital Currency
- Smart implementations
- Top Notch Devs
- Envisioned by Satoshi
While the price of bitcoin goes up again the price of alternative coins will follow the bitcoin's price, so just relax dude the price will be rising soon.

[rickou812]

Just noticed a sudden drop in all the top cryptos, is there a large cash in for fiat in progress??

No i don't think, the price of digital coins ( bitcoin, ethereum and other alternative coins) goes down doesn't mean they are making withdrawal large of fiat money but it is just fluctuation in the price, usually the price will goes up again in couples weeks later because some reasons Bitcoin is Digital Gold
Ligthning network will be (coming up) - Digital Currency
- Smart implementations
- Top Notch Devs
- Envisioned by Satoshi
While the price of bitcoin goes up again the price of alternative coins will follow the bitcoin's price, so just relax dude the price will be rising soon.

Not worried about long term value.  But, something is driving the sudden sell off of the top coins.  They are not exchanging for other crypto like usual.. everything is down.

[covfefe_]

Just noticed a sudden drop in all the top cryptos, is there a large cash in for fiat in progress??

No i don't think, the price of digital coins ( bitcoin, ethereum and other alternative coins) goes down doesn't mean they are making withdrawal large of fiat money but it is just fluctuation in the price, usually the price will goes up again in couples weeks later because some reasons Bitcoin is Digital Gold
Ligthning network will be (coming up) - Digital Currency
- Smart implementations
- Top Notch Devs
- Envisioned by Satoshi
While the price of bitcoin goes up again the price of alternative coins will follow the bitcoin's price, so just relax dude the price will be rising soon.

Not worried about long term value.  But, something is driving the sudden sell off of the top coins.  They are not exchanging for other crypto like usual.. everything is down.

I'd rather call it a market correction. Cryptocoins are becoming more like a ponzi than what they were intended to do, i.e. to be an universal payment platforms without any middleman.

[maydna]

in a few days ago, I make a lot of profit because some of my coins increase and I can sell it at high prices. but since yesterday, when bitcoin price is down, I see the altcoin price is down too and I think I will wait for a while because my another coin reduces too. I think soon, the altcoin price will be back to increase and in that time, I can sell again like a few days ago.

[m.vina]

This is it. Just hodl or buy more crypto. After this correction, i believe it will then be time for bitcoin and altcoins to reach all time highs we only imagined.

I also do believe the term is "cash-out" like "cashing out their profits." Maybe a grammar nazi can come in and correct us but i believing "cashing-in bitcoin" means putting money "in" bitcoin while cashing "out" refers to taking money out from bitcoin. Maybe i'm just rambling but hey, coins are down and have nothing to do but wait and hodl.

[TimtheYoutuber]

I have been slowly taking profits according to my risk management.

[Hallmader]

Just noticed a sudden drop in all the top cryptos, is there a large cash in for fiat in progress??

Perhaps. It might be because it is holiday season and there is a need to have some money for shopping and presents-giving. But this is not something to worry about. Because for the past several years, the pattern will always be that when there is a dump especially a wider one, what follows is that there will be more fiat to come in. I know there are a lot of people out there who will take this opportunity to buy a lot of coins. They are cheap right now.  

[Coyoteerex09]

Better do some cashing in before the correction. But still, reserve some for investment. It is better to have a backup plan than to feel sorry later.

[faceoff97]

Just noticed a sudden drop in all the top cryptos, is there a large cash in for fiat in progress??

I still have my trust with bitcoin even it showed sudden dropping in price, instead of seeing it as something bad, I made it as an opportunity tl buy more of it. Surely in the coming days we can see bitcoin regaining its highest peak and possibiy go beyond it. Since bitcoin is at drop right now I already bought good amount. Its the wisest thing to do, above all investment bitcoin is the most profitable one

If you feel like something will went wrong, just be sure that you will just be investing what you can just afford lose. Honestly, bitcoin is risky, it has volatile feature. Those who are just risk taker are the one who really go into it. During this time, lot of negative feedback are becoming a factor why it becomes slowing down. Once it gain trust from people and good publicity. Surely it will rise more than qe ever expect.

[rickou812]

This is it. Just hodl or buy more crypto. After this correction, i believe it will then be time for bitcoin and altcoins to reach all time highs we only imagined.

I also do believe the term is "cash-out" like "cashing out their profits." Maybe a grammar nazi can come in and correct us but i believing "cashing-in bitcoin" means putting money "in" bitcoin while cashing "out" refers to taking money out from bitcoin. Maybe i'm just rambling but hey, coins are down and have nothing to do but wait and hodl.

You are right.."cashing out" is what I meant..edited to correct.

[jtipt]

Yeah the Christmas cash-in

Yeah you could say that, but mostly people are just following the trend it's just panic selling. BTC and several other altcoins have seen maybe new investors in past few months, people who don't know anything about cryptos are just going to follow the herd and sell as soon as they see little drops in price. That's what is happening right now, but now that price is dropped more people are going to invest and price will be back up soon.

[Coyoteerex09]

Yeah the Christmas cash-in

Yeah you could say that, but mostly people are just following the trend it's just panic selling. BTC and several other altcoins have seen maybe new investors in past few months, people who don't know anything about cryptos are just going to follow the herd and sell as soon as they see little drops in price. That's what is happening right now, but now that price is dropped more people are going to invest and price will be back up soon.

If all of the sudden everyone will do cash in. Then there is a major risk of lowering the bitcoins price back to 5-10k. I hope it will not happen.

[woffingshire]

No, I don't think everyone, BTC reached a decent pricing point to sell though that might be why people are selling, not specifically because the coin will collapse

[SNS]

In 2013, everyone thought that bitcoin had reached $ 1200 and less than 800-1000 would not fall, but bitcoin fell to $ 250.
Many do not know what a real panic sale is.

[tippytoes]

Yeah the Christmas cash-in

Yeah you could say that, but mostly people are just following the trend it's just panic selling. BTC and several other altcoins have seen maybe new investors in past few months, people who don't know anything about cryptos are just going to follow the herd and sell as soon as they see little drops in price. That's what is happening right now, but now that price is dropped more people are going to invest and price will be back up soon.

I saw that kind of scenario before. So yes, the bitcoin price will go up again, maybe in a matter of days only. Large investors are now buying again because bitcoin has low price. Traders are happy with this kind of situation.

[marcbitcoins]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

This is an isolated case because people need money for their christmas and holiday season needs therefore we expect more of this until the new years eve in which we need paper money to buy, to give and to celebrate these occations. Next month for sure everything will be back to normal hoarding.

[curv1991]

In 2013, everyone thought that bitcoin had reached $ 1200 and less than 800-1000 would not fall, but bitcoin fell to $ 250.
Many do not know what a real panic sale is.

Imagine waking up tomorrow with 2.5k bitcoins. everyone would be selling and screaming here and the smart people buying all their cash on BTC

[Coyoteerex09]

Haven't you seen the market value right now? It had already done a sudden drop. Would you still hold? or just cut your losses. Right now, the toughness of the investors will be tested.

[entrepmind23]

It is the bitcoin correction and we know that when bitcoin makes a rapid movement, other coins are also affected that is why it seems that there is a synchronize movement when bitcoin makes this move. Others are maybe cashing out for christmas and then others stay in fiat because we know for a time that there is an impending correction that it is happening now. You just need to protect your funds by staying in fiat or buying altcoins that are cheap now.

[Coyoteerex09]

It is the bitcoin correction and we know that when bitcoin makes a rapid movement, other coins are also affected that is why it seems that there is a synchronize movement when bitcoin makes this move. Others are maybe cashing out for christmas and then others stay in fiat because we know for a time that there is an impending correction that it is happening now. You just need to protect your funds by staying in fiat or buying altcoins that are cheap now.

Well, altcoins depend on the bitcoins price in the market. The reason why everyone is cashing out. Is because they are afraid they will not make a profit from their investment in the end.

[tukangsiomay]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

i think its just temporary, look next week crypto's will pump again
and now its time to buy

[joshuab90]

People are cashing out taking profits.

[bilman]

Cash out for festival season maybe. haha
advance Merry Christmas to all.

[FDC1412]

Well that is expected specially when the peak prices of crypto are occuring now. The tendency to gain slme profit is to sell when the price is extremely high but considering and expecting price hikes before it falls.

[bitcoinbox]

Not especially cashing out but transfering BTC's into some promising altcoins. But probaly some people are cashing out for Christmas as well.

[ukiert]

Well that is expected specially when the peak prices of crypto are occuring now. The tendency to gain slme profit is to sell when the price is extremely high but considering and expecting price hikes before it falls.

Yes correct if we were to sell high-priced time coin prices if the time we wait for better low cost high, wait first before getting the results that many, in the world we must smart crypto to choose which coin is good for future

[thend1949]

Yeah the Christmas cash-in

Yeah you could say that, but mostly people are just following the trend it's just panic selling. BTC and several other altcoins have seen maybe new investors in past few months, people who don't know anything about cryptos are just going to follow the herd and sell as soon as they see little drops in price. That's what is happening right now, but now that price is dropped more people are going to invest and price will be back up soon.

I saw that kind of scenario before. So yes, the bitcoin price will go up again, maybe in a matter of days only. Large investors are now buying again because bitcoin has low price. Traders are happy with this kind of situation.

The previous situations of bitcoin fluctuation is coming back again and the transparency on how it performed from previous months ago. I think those cashing in and holding their bitcoins might be able to help the next pump of its price for next year, but the price this year wasn't able to be stabilized due to lots of people who been dumping. Well the opportunity now is a better idea while the price declines for the main time, most importantly long term investments is a good mindset to those who saved bitcoin for the future.

[jlaakso]

This sudden drop is/was a dump which is already correcting itself. Traders and newcomers and propably others as well as cashing out profits, taking a breath and enjoying holiday season. Investors and smart money are cashing in at dropped prices. There will propably be similar fluctuations before end of the year, making opportunities to buy low and sell high. I think I will be holding and watching this through, do little bit of day trading every now. Happy holidays

[andthereyou]

Just noticed a sudden drop in all the top cryptos, is there a large cash in for fiat in progress??

Yes, this Holiday is more likely the reason . People are going to their homeland or hometown to gather with families and of course they need money for the gathering.

[macchiato]

Not all. When instances like this occurs, do not panic sell. Just keep holding your coins because it will soon recover after holiday season. This dump is already expected so why panic? I believe that we really cannot control crypto coins' volatility but we can know how to manage our belongings.

[WindForce]

A lot of people cashing out. You can't expect people to do +50% gains in just one month an not cash out.
Now i see after drop to 13K, BTC is back to 14.5K in a few minutes, meaning a lot of investors are buying "cheap" now

[AzureDragon]

Some cashes out due to the large profit (last several weeks). But in the long term, it is worth investing despite the decline in rates of cryptocurrencies.

[Kryten12]

I think some people ware cashing out to make sure they have FIAT funds to spend over the Christmas holidays. It is also a correction from the recent rapid rises. I would expect normal interest to return at the start of January.

[boyshx]

Year end is a festival, holiday time. People accumulate money the whole year and spend the same at the end of it. That is why in the last week of every year all the markets all over the world go down. People cash out their investments. Bitcoin which is crossed $19000 mark is around $14000. For many this is an opportunity to jump into currency market. Year end is the best time to invest in.

[Docbee]

Yes, the market cap has been growing drastically recently so some correction are need btw Christmas after new yeat things should be back to where it was and even more people adding to the current cap we are seeing.

[unusualfacts30]

as someone mentioned it has to do with Christmas and weekend that's coming, it's an opportunity to scoop in cheap coins. I envision that this will continue till New Year and weak hands will leave.

[xuan87]

Maybe some of them cashing out into Fiat but I don't think that is the main reasons why the price go down, in this very week we already see a lot of increasing so it's normal now we have correction, but usually the price will be back to normal after Christmas

[ask]

After network issues too many people start to cash out and getting profits.
This is for bitcoin and ethereum. But there are profitable coins so i do not cashout.

[Coyoteerex09]

I think if you have a lot of bitcoins, better pull out some of them and start a business. At least, it will be safe. Right now, the price of bitcoin is already going. Who knows what will happen next?

[nunzio2012]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

No, GDAX are continuing with their market manipulations. When the BITCOIN price hit the 12.8K-13.3K level, they forbid the buy orders, trying to add additional pressure.
GDAX is now on my blacklist and I will never use them again.

[Coyoteerex09]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

No, GDAX are continuing with their market manipulations. When the BITCOIN price hit the 12.8K-13.3K level, they forbid the buy orders, trying to add additional pressure.
GDAX is now on my blacklist and I will never use them again.

Is GDAX really controlling the market value of bitcoin? I thought it is in the hands of all the investors in bitcoin. People are a bit scared right now that they will lose their profit. That's why, I think is the reason.

[haileysantos95]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

There is no massive cash out that has been happening in all coins its just that maybe there are less traders that are trading in the market right now that why its price is dropping, some traders might be in vacation and just doesnt care about the price now because they can still get it back next year.

[Coyoteerex09]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

There is no massive cash out that has been happening in all coins its just that maybe there are less traders that are trading in the market right now that why its price is dropping, some traders might be in vacation and just doesnt care about the price now because they can still get it back next year.

I hope it is just like that. LOL Whats wrong if people will cash out early. I think they are contented with their profit. That's all.

[lelou]

People panicking and selling their coins and smart people buying coins makes the trading volume high.

[vendy86]

i dont understand why poeple so easy to cut loss when see price go down.
for me if price going down thats mean free signal for buy more 

[adam1230]

If a network start to process 1.97 tx/sec then everyone must cash out. There are around 300k unconfirmed transactions and mempools almost full and this makes bitcoin useless.
This is the main reason.

[pigheadbig]

Just noticed a sudden drop in all the top cryptos, is there a large cash in for fiat in progress??

No i don't think, the price of digital coins ( bitcoin, ethereum and other alternative coins) goes down doesn't mean they are making withdrawal large of fiat money but it is just fluctuation in the price, usually the price will goes up again in couples weeks later because some reasons Bitcoin is Digital Gold
Ligthning network will be (coming up) - Digital Currency
- Smart implementations
- Top Notch Devs
- Envisioned by Satoshi
While the price of bitcoin goes up again the price of alternative coins will follow the bitcoin's price, so just relax dude the price will be rising soon.

I agree with you, you can see the usdt price on some fiat C2C exchange are higher than a few days ago, that means a lot of investors are running into this game, so it will recover soon in my opinion.

[judgememes]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

They have the market under control, making the big bucks from us who ain't experienced traders.
I'm thinking on converting all the crypto into tether before new year.

[maman09]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

I think this is a market behavior, so do not be surprised. this is normal and ahead of christmas and the end of the year. I think everything will be back to normal once early next year.

[endlasuresh]

I think all are cashing out, and most will do earlier or later because they are scared if the cost goes down then they get reduction. Currently Xmas is their so individuals will take out for money, but after Xmas and New Year you will see a lot of distinction between ups and down.

[jlaakso]

In my very limited portfilio, only Eth and Bitcoin are dropping. Due to that, dollar/euro value of others is dropping a bit as well. But for my suprise, few coins are increasing against fiat and eth/btc, like Stratis, Stellar and Komodo and some others. To me it just seems that mainstream investors and newbies that have just bought BTC and Eth are cashing out. The rest are enjoying opportunities Wish I had loose fiat to invest at the moment

[removebeforeflight]

Bitcoin price alone is not down, however most of the altcoins are down. There are so many reason for this and cashing out is not the only reason but one of the reason out of many.

If you see the historical graph of Bitcoin, you may observe that when price comes down then it would bounce back to where it was or more than where it was in few days.

For people already bought Bitcoin need to wait patiently and no need to worry.

For those haven't bought one, it's right time to buy Bitcoin since the price would shoot up in few days and you may get some nice profit in short or long term.

[Euroda]

i think it much more people are cashing in because the coins are cheaper now and also there are some people that cashing out because it is Christmas you really need to buy gift for you family and other people as well

[crimsongoth]

Such fiat fluctuations are fairly normal in the cryptocurrency exchange market. I don't think it influences long-term investors. Having short-term positions will have to wait for a while.

[pikebu]

Just noticed a sudden drop in all the top cryptos, is there a large cash in for fiat in progress??

No i don't think, the price of digital coins ( bitcoin, ethereum and other alternative coins) goes down doesn't mean they are making withdrawal large of fiat money but it is just fluctuation in the price, usually the price will goes up again in couples weeks later because some reasons Bitcoin is Digital Gold
Ligthning network will be (coming up) - Digital Currency
- Smart implementations
- Top Notch Devs
- Envisioned by Satoshi
While the price of bitcoin goes up again the price of alternative coins will follow the bitcoin's price, so just relax dude the price will be rising soon.

Not worried about long term value.  But, something is driving the sudden sell off of the top coins.  They are not exchanging for other crypto like usual.. everything is down.

Oh okay i can understand if you are short term investment in trading activity, and my opinions is still say no we must be relax even the price of digital coins are down, the true problem actually in your management of money, should you never all of your money in one kinds of digital coins, please don't be greed to getting large of profit from trading, the constant daily, weekly or monthly profit from trading is more better than big profit in one time and the next time just getting lost.

[jlaakso]

I don't think we have seen to bottom yet, I would wait at least 24h until cashing back in. Propably even few days. There are investors waking up all over the world and starting their morning routines, checking rates, calculating exit points, cash in points etc. Bitcoin and Eth will be dropping in waves which will affect other coins as well.

[Freezingel]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

Well i convert my crypto into usdt because i knew that bitcoin will go down and alt will also suffer because of it. I will buy bitcoin and alts again once the situation is normal again.

[nastaverba]

I think this situation is the last chance to invest in crypto before Bitcoin and Co. rocket off to the moon

[NorrisK]

In 2013, everyone thought that bitcoin had reached $ 1200 and less than 800-1000 would not fall, but bitcoin fell to $ 250.
Many do not know what a real panic sale is.

Imagine waking up tomorrow with 2.5k bitcoins. everyone would be selling and screaming here and the smart people buying all their cash on BTC

That drop to 250 happened over the course of several months.

Stuff like that doesn't happen overnight apart from a flash crash here and there due to thin order books.

[IlfarIldarovich]

But now, the cryptocurrency market will cool before the holidays and we will go on a new rise , to conquer new heights

[Lifes]

Maybe natural drop or christmas cash out

[owengtam09]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

Yeah, that is also my prediction, I think there are several of big investors cashing out these past few days, maybe because it's Christmas and we cannot blame them to cash out because they already earn profit with their big capitals. So for sure, yes! They are cashing out.

[enawati]

The price will be back to normal again. I think the price of all crypto down now because already overbought and not because everyone cashout cause Chritmas and iam sure all coin rebounce again in a few days

[babsjoe]

I think every savvy investors may be cashing out. It is unprofessional of creator of some prominent altcoin to have declared that they sold every single coin of their own created coin and some other coin they held. Basing such action on conflict of interest. If the owner of enterprise is cashing out, what do you think investors would do?

[percy_tc]

Sell now.... or you loose everything....

We have seen this million times before. Take a break go outside, forget charts for few days.

[adam1230]

This is the first scene of "Game of CryptoCash"
They first send too many transactions to bitcoin network then switched miners to bitcoin cash. now bitcoin network is almost dead. "Game Of Crypto"
P.S  : just a scenario from my imagination.

[shiningstar]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

No I'm not, i just continue to hold through this market correction. I believe the price of my alts will recover and even though the price is down but I'm still in profit since the time i bought them. The market is in bearish condition so it's better to hold rather than sell at loss.

[heleng05]

I think I say yes because not all goods and some stuffs are we can buy online you can only use it in an online business or online payment. Here in my country are not really have a high technology gadgets but some little places that's why I always cashout to buy goods to eat.

[Eternu]

I suppose it is, because of few things. The new year and Christmas are coming, and people needs fiat currency for presents. Also price was really high, and some people thought it was good time for selling. But this drop in price is not something we should worry about.

[1satyros1]

Agree with all of you, but there is a lot of pumping and dumping in the smaller coins. 'Smart' money has entered in the market and this is how they make a living...Also, this market is a money launderer's wet dream! Especially for insiders/developers, are dropping very large amounts....
Also, what is it with the all the weed-coins? They are all up like 800%!

[powermagic]

I will see what happens and try to understand it.
to take a good step forward his for my self, better view and understand, megikuti or against the current

[batang_bitcoin]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

Probably whales are cashing out and the middle to low volume holders did followed with the hype or has a feeling of FOMO. Majority of the listed coins on the coinmarketcap were all affected and there's no one that can avoid this thing. On these days the best thing to do is to wait for it's increase or while waiting for that pump again and greener pastures, take the ride of buying your desired coins because after this it will really pump.

[GodMode]

I suppose it is, because of few things. The new year and Christmas are coming, and people needs fiat currency for presents. Also price was really high, and some people thought it was good time for selling. But this drop in price is not something we should worry about.

Don't worry, be happy . Keep calm an and buy crypto

[Direwolve735]

Yes, in the last few days we see how in the market the crypto currency is heavily "stormy". All these metamorphoses on the market occur against the backdrop of the rapid growth of unconfirmed transactions in the Bitcoin network, the number of which at some points exceeded 140 thousand. This state of affairs may indicate a planned attack on the bitcoin network. People, seeing a sharp decline of Bitcoin, and predicting a further decline, begin to withdraw money from their wallets. It turns out "hermeneutic circle." The more people deduce money - the more the price of Bitcoin falls. And vice versa.

[subG]

My guess would be yes, a lot of people have cashed out to fiat which is why we are seeing over 200 billion gone from cyptocurrency.  I would also think that the money will flow back in once they see the market is green again.  Right now almost everything in the market is at a loss, so they are just protecting their investment by selling for fiat. 

[Muhammad Muneeb]

maybe beacuse of Christmas people are cashing out to celebrate but it was predicted by analysts that panic will happen and there is no need to panic we need to hold  our alts. it will over soon and then btc may hit 50k. who knows

[CryptoClown]

Yeah the Christmas cash-in

Agree. I didn't cash out but most probably a lot are doing it because it'll be Christmas in just a few days and they're going to need the money. But if I were them I'd sell some shares during ATH last week for more funds. I envy those who have buying power nowadays.

[chrismaher]

The game is playing as it was supposed to
The big bankers will be loving this you no  they made all this hype
And it will just be the same again only the next times it go’s up
Who no’s where it will stop?
It will drop 50% in the next day it all most all ready as

[loreRex]

Next weeks are a nice time to buy more BTC. I predict 25k BTC in February.

[Lpim01]

Next weeks are a nice time to buy more BTC. I predict 25k BTC in February.

We have already experiencing a huge dump of bitcoin and it could be possible that some of us are doing cash out fro. Different exchanger. We're not sure of it will continue until this year end and back by mid January. I know some of us are gettung worried for this, but isn't the end of bitcoin and I belief it would be back shortly.

[wayancrypto]

I think so, Chritmas and happy new year make everyone need money for holiday.  But the price will be going up again in beginning of january. And next year the volume and market cap of cryptocurrency will bigger because more people will jump in to this crypto world.

[loreRex]

Next weeks are a nice time to buy more BTC. I predict 25k BTC in February.

We have already experiencing a huge dump of bitcoin and it could be possible that some of us are doing cash out fro. Different exchanger. We're not sure of it will continue until this year end and back by mid January. I know some of us are gettung worried for this, but isn't the end of bitcoin and I belief it would be back shortly.

Look at the monthly chart. BTC was 8k. That's an insane grow, a correction is just normal. Here corrections are sharp, since the market is young and people panic sell or panic buy.

Look at the fundamentals, look at how many people are looking at BTC, how many institutions are starting to trading it. It seems to you a bad period for cryptocurrency? It's seems not to me. It's just that every crypto in top 20 made ATH last week, they must correct at some point.

[Marvell1]

There is a panic at the market. So the main whales' goal is reached. In my opinion the Christmas and NY time fits very well for the grand correction. I guess it lasts for 1 month, maybe a little bit more.

[trumper]

Someone is buying as well  as my coins have real value, I do not care about crash but it is indeed bad for most people.

[chrismaher]

Once all the social media investors see this news it will drop as much as it
Raised but I will be ready to buy some cheap coins and hold them till later on in the year
When it doubled in price

2018 will be a very interesting year for Cryptocoins
Iv just spent a lot of money on a rig so am looking forward to this

[loof99]

They are cashing out to get some cash for the christmas holiday to spend some of their profits with their family,IMHO. So we better ready for the big dip and buy it as low as it can be so once it gets pumping again we can see how our investment will go.

[borgx]

Ouch. I saw the correction coming, but did not expect 22% os a loss now. I dont think it will get much worse now though since the top coins are worth as much as they were a month ago.
Fair points made in this thread about xmas, investors waking up etc.
Im taking note and will remember this for my future of this hobby.

[cryptobobo]

Seems like everybody wants their christmas to be the happiest christmas of their life.even the whales and small fishes cashing out.

[ritsel02]

That's possible,lot of people are preparing for the Christmas celebration and need cash and since the value really increases a week ago it's so tempting to cash out for almost everyone need money in this holiday season.

[Stelarion]

The whales are robbing the newbies, standard procedure. In one month price goes from 8000 to 19000, newbies buy, than when it goes back to less then 10000 newbies panic sell. There are lots of people in for a get rich quick, and they tend to buy when everybody is buying, and to sell when everybody is selling. Anyway, great opportunity for all the rest of us, to earn some bucks. Just, don't panic.

[engrlodi]

I dont think so, because everyone needs money for the christmas so some of them is cashing out. This is the one factor if the alternate coins is getting dump and some of the investors is cashing out. Just expect after this year there will be a pump in alternate coins and many investors will invest again in here. Dont be afraid if everyone is cashing out because there is a purpose why they are cashing out.

[SneakyRik]

While some say hold your position in hopes that prices would start climbing again soon, the word 'hope' is the main problem here. We can't base our decision on emotion and it would be best to preserve our funds so we can gain another day of trading.

[BitandAlt]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

Large cash out pre-xmas is a natural movement. Should start pumping by late late 2017.

[passwordnow]

Normally when the price of a coin starts to decline that's the main fault of it's decrease. And 3 more days Christmas is coming and everybody is starting to have their wealth from crypto to welcome the holidays. But the opposite return of this to crypto is going to be great, bitcoin is starting to increase again as it went back at $14,000 and I hope it will be the start of it's come back.

[cryptomema]

It looks like whales and a lot of investors are cashing out before the christmas,like lastyear it happens too and when dec.26 comes it will go back to normal

[Synaesthesia]

I think that the investors withdraw their money to prepare Christmas Eve lol. Actually, this is just a normal thing. After 1 year trading and investing, this is the time to investors sell their coins to get profit. in 2018, they will come back and the market will rise again

[StephenieDuong]

Nearly Christmas and new year so i think lots of investors cashing out to relax in these day. Dont panic sell now, it will make you lost everything!

[CryptoAlphaStar]

It is bonus season. Everyone gets bonuses in the business world. A lot of people have to pay bonuses, others to buy presents. I kinda expected it, but the alts were running so great the last two days, that I didn't manage to withdraw prior to the profit taking.

[xenomorphe1]

I think Bitcoin needs this correction. And lots of people were saying that Bitcoin was going to go down near half of his value and then it is going to jump more higher. We are going to see if the jump of the price is going to be true or not.

[qiwoman2]

We are not even at XMAS yes so I think if the markets correct anymore there will be a mass panic sell and crash, already 40% crash in 3 days is enough to set the markets tumbling. I think next few days we will see Bitcoin below 10k USD and all the major alts down another 50-70% so then all those peeps who bought recently and who are holding will be the big losers while the earlier whales profit taking make huge gains. Unfortunately I just moved house and couldn't sell my coins in time at a profit so am in big loss right now as a holder.

[Davehad]

I'm not cashing out lol - in it for the longer term 1-2 year +.  TBH 5 years minimum is probably the best time frame.

[nunzio2012]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

No, GDAX are continuing with their market manipulations. When the BITCOIN price hit the 12.8K-13.3K level, they forbid the buy orders, trying to add additional pressure.
GDAX is now on my blacklist and I will never use them again.

Is GDAX really controlling the market value of bitcoin? I thought it is in the hands of all the investors in bitcoin. People are a bit scared right now that they will lose their profit. That's why, I think is the reason.

No, they are not controlling the market value of Bitcoin, but they can manipulate it, because they are 'one of the trusted' exchanges and they do. Like stopping the buy orders. This mean people there can't buy bitcoin, but can only sell, pushing the price down.

[cherryganda]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

most of the holders are, but don't worry about the fall if you cash out before the fall well congrats to you, if not we just need to wait till the new year comes, im pretty sure it will climb up more than the old record ! so stay holding!

[2Pac]

I don't think people cash out yet. It was just a correction and recovered back quickly.
I HODL like a king. There is no reason to cash out yet.

[jyotianand01]

This is festival season of many international people and x-mas is coming in 2 days and they are selling to enjoy their festival. When they come back to market after holidays, it will again start to go upward. Ups and downs come and go. Whenever a market touch its resistance level, it drops a little bit.

[smyslov]

Yeah the Christmas cash-in

Yeah I'm one of them with a lot of sale this Christmas rush this is the best time of the year to cashout and so many people have this mentality I don't know the data yet if this if this is the time of the year where Bitcoin is crashing but all know is everyone to take out their profit.

[JamesIV]

haha.... altright, the investors have withdraw their money before Christmas day. They wanna get profit before Chinese, Korean, Japanese gorvernment collect income tax from trading.

[Coroline]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

Nope, I think this happens every years, as i aware in the last 2 years, when christmas is will come the price are drop, Almost of them i guess, but in this year i've seen something diffrent, Nah I decide dont cashing out all, for some reasons which one of my reason are because ripple.

[kayvie]

i think so, because bitcoin's price goes down, so it means so many investors are selling their bitcoin as of this week, since holiday season is coming to us.

[hran1085]

I am not impacted by the dip, but I don't want it happen. ever again

[Rodge182]

I think the dip was over. Lucky for those who were not scared of the sudden drop of bitcoin. It had already been back to 14K. I hope the so called 'cashing out' is finished.

[flowdon]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

they cashing-out because most them are trying to ride the downtrend. and most trader on the middle are suffering. they ride with a lost. maybe its time to buy some. and people saying above that the dip is over. i think the dip will trying to repeat.

[Rodge182]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

they cashing-out because most them are trying to ride the downtrend. and most trader on the middle are suffering. they ride with a lost. maybe its time to buy some. and people saying above that the dip is over. i think the dip will trying to repeat.

Its the natural thing in bitcoin, price will go up and down in an unexpected way. Lucky for those who have bought bitcoin yesterday.

[v3liana]

no im not. im not typical person who just sell his asset just because its drop cause some coin affect it. i believe altcoin will recover and will show the great nature of its ownself

[Rodge182]

no im not. im not typical person who just sell his asset just because its drop cause some coin affect it. i believe altcoin will recover and will show the great nature of its ownself

If you are really wise, You will sell when it had pump and buy when it dipped. It is more like a winning strategy for me.

[rikybrosh]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

May be big whales are take their funds back. I still hold my bitcoin and hope the price pump again. I think yes, large cash out for fiat, but the funds will be back to bitcoin  . People who understand cryptocurrency will not miss any chance to get profit from it.

[Rodge182]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

May be big whales are take their funds back. I still hold my bitcoin and hope the price pump again. I think yes, large cash out for fiat, but the funds will be back to bitcoin  . People who understand cryptocurrency will not miss any chance to get profit from it.

Well try to do both though. Try to cash in for a while just for financial security reason. It is a matter of understanding how the market goes.

[Good tbc]

Possibly Yes, Most people are cashing out because they've got some bill to settle. usually at times like this it does happen, but by next year there is hope of great rise in price.

[jubayerjb25]

Ethereum and bitcoin is risky to hold because of their volatile price feature. Though the price was decreasing yesterday but today it is increasing that's why After investing in any coin like as BTC or ETH, it can go way back down anytime in market value that's why have to Just monitor the coin first before making any decision and also have to keep patience.

[Victorycoin]

No, I don't think everyone, BTC reached a decent pricing point to sell though that might be why people are selling, not specifically because the coin will collapse

Of course everyone cannot be willing to cash out the same time but if a large number of people start to sell their coins, we would eventually get to a point where the supply of the coin would exceed its demand and laws of Economics states at such a juncture price would drop. People basically take profit at this time of the year for various reasons and some simply unfold their holding to mark the end of their trading for the year. Be that as it may, a knowledgeable trader should be able to see the opportunity in it instead of panicking.

[Usafstar]

Yes now i want to sell my coin to cash out for now i have need of some cash for that i want to cash some of my altcoins and i will try to cash at that time when the price become high. for now the altcoin is growing and those who have large reserve of these coins i think they are the rich people because the prices are increasing now.

[AVAMONEY]

Yeah the Christmas cash-in

I don't following panic sell. Selling bitcoin can happen anytime, but it has nothing to do with christmas time.
Could be because of the holiday trend so some people want to find safe by selling bitcoin for a while, then after the holiday time they will buy bitcoin in large quantities.

[sheryl26]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

Maybe a lot of people today are cashing out because the Christmas day is coming and they all need money and look at the value of those coins not just bitcoins but almost all those successful coins are getting red in the market and i am getting nervous because all of my holdings are red in the market and i already loss a lot of money that i should have but i choose to trust them because that is the best thing i can do to trust them and i hope before this year ends their value will be worth expensive again as they are last time.

[Coyoteerex09]

Well I think the correction time was over, and cashing out right now is not a good idea. Better hold the coins and wait for another dump before selling.

[Bren Briones]

Maybe relying with my peers, maybe it is just because of the holiday season wherein they needed some budget increase so they had to widraw some in their account. No need to be allerted, it is just normal.

[Saif Mughal]

NOt everyone just few people are cash out Christmas festival because they need cash for given gifts and other else 

[cryptogeek101]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

 It was not necessary a cash out. I think there was a sudden major correction in Bitcoin price which resulted in a significant drop in price. However after the correction the price of Bitcoin will sour higher again like an eagle. Though some inexperience investors did panic and sold some of their portfolio thereby resulting to great cash outs.

[Golftech]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

 It was not necessary a cash out. I think there was a sudden major correction in Bitcoin price which resulted in a significant drop in price. However after the correction the price of Bitcoin will sour higher again like an eagle. Though some inexperience investors did panic and sold some of their portfolio thereby resulting to great cash outs.

Well big holders might be playing around and doing their stuff, I'm not sure if this just a correction or a holiday rush where holders are cashing out for their holiday expenses better to stay away from the trade, you might lose your money if you play with bitcoin as movements isn't showing good for us right now.

[carrie_white]

chances are that people are cashing out as they approach the Christmas holidays, which must be very much in need of money to meet Christmas needs, so that's why people change their coins to cash

[sarfwr]

Hh, maybe it's Christmas time. People need to sell some tokens to buy Christmas presents.
Jokingly, it's a normal call-back, because this month's rally has been too much.

[maman09]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

no, I guess what happens in the market is a natural thing. and I do not think it's necessary to panic, now the market is back to normal. even some altcoin is being pumped.

[kz06]

yup the Xmas & New Year Cashing out people makes market empty. EG. if they cashing out 10. they will earn 4 in these days with 10 and put 14 back in to the market, market will be strong again soon like in early 2018.

[Chinatsu Akasaki]

Not totally everyone is cashing out. But yes, there is a large cash out. This is happening because of Christmas and the upcoming New year. There is no need to worry. This is just normal. The prices of cryptocurrencies will increase again because investors and traders will grab this opportunity for sure. They will buy as many as they can.

[puremage111]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

Its hard to declare if they actually cash out or just create selling pressure.
But definitely that forces weak hand to actually went out of market.

Whales then get in back after a drop and it repeats

[joselitobayagbag]

Like what forex and stocks are experiencing crypto market also does a christmas cashouts.

[Butchick]

Probably yes, i believe there are numerous people cashing out. Other than the obvious reason, which is the holidays, it is possible that a kot of people are cashing out due to bitcoin value going down over the last few days. I think some people are panic selling because of the fear that they will eventually lose their investment.

[makuhpal]

Yes ofcourse,christmas is coming and many people needs cash for their presents.

[imstillthebest]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

no not all people are cashing out, there were still die hard hodlers and investors that are still holding like a pro because they still have enough cash on their pockets to able to spend this holiday seasons although majority of people are indeed cashing out and withdrawing their coins because they need to prepare for the christmas eve and new years eve. they cash out because they need to buy gifts and grocieries for ingredients and also to buy fireworks and pyrotechnics.

[Nebell]

They are not just cashing out for the holidays.
It's year end, people are cashing out on their profits during the year.

[Paradoxall]

I think that a lot of people are cashing out for the holidays and for the end of the year. But there are also a lot of bulls that are waiting for the BTC price to hit 10,000$ to get in the market.

[globalking]

I think yes it will be ok from January because of Christmas and new year some people are cashing out.

[wpalczynski]

Currencies are going down because it's the end of the year and people are cashing out for holidays and else... I'm confident it will go back up even higher in 2018.

[nicedreams]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

Yes, never trust the total worth in the crypto market. Every order has a price and not like it could stay at XX$ at all time.

[okissabam]

Yes because some are using it for the Christmas holidays and of course wanted to buy gifts for the family so they are mostly cashing out, but for those who have extra money I'm preety sure they are cashing in while bitcoins price went down.

[kandholabhavna]

Nothing to worry much about, just folks talking out their money to celebrate time during Christmas with their families. Happens every year, but over all we are in a bullish momentum right now.

[Ni-in]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

This is an isolated case because people need money for their christmas and holiday season needs therefore we expect more of this until the new years eve in which we need paper money to buy, to give and to celebrate these occations. Next month for sure everything will be back to normal hoarding.

Yes, it's every year, usually a rise is commencing a few days before New Year, feels a bit like a new investment year starts.  And the presents are in so, fresh money.  The Christmas period usually sees a drop, was anticipating it with funds on USDT, but couldn't wait one more day, so now have to wait it out with my funds already in Altcoins.

[RudeeTam]

Yeah probably. It's the Holidays season! Everyone and their mother wants a nice, festive Christmas and New Year's Eve with lots of food, booze and parties! And that means some serious cash is needed. So, time to cash in them hard earned money to do just that and buy yourself that special something you've always wanted. That's what I think anyway.

[panduryk]

It's true, this is the new year and people are cashing out the Crypto currency.
It's time now to buy crypts on a recession

[Alpha0One1]

This is a normal cycle every end of the year. Basically people are cashing out to start the new year fresh.

[roshanface123]

I dont think people are cashing out for most of altcoins like centra , dent, power ledger , paypie still lots of high potential coins are raising its value I think people are buying newest high potential coins .

[Washball]

Not everyone is cashing out. Some whales did, that could be the main reason the price dropped. But then the price increased again, so maybe new buyers stepped in. The price drop has nothing to do with Christmas or at least it's not that much. Prices go up and down, especially with the high volatility of Bitcoin.

[Phil419She]

I think its safe to say that a lot of people are cashing out for Christmas spending including myself.  It could be the reason of the drop of bitcoin nd the other altcoins.  I was fortunate to have cash out when bitcoin was at its peak,  before the drop.

[paulo013]

because of the holidays happening bitcoin price go down but when it hit the lowest price people trying to get profit by buying bitcoin with the low price Simultaneously. Sooner bitcoin will go up then this is the to change to fiat.

[tr3yson]

No, not everyone but a lot and it is obviously because of the Christmas holiday which was already anticipated by the most. This dip is just normal, I mean year-end usually make a big impact on BTC price rally since a lot of people will cash out and a lot also take their profit for holding it or other altcoins for a year wherein they see holiday season is the best time for taking your profit regardless of what will be the price of as long as you made a profit from what you had invested.

[JumboCactuar]

Now is a bad time to sell right?

Im sure many people wish they sell before the dips but its hard to tell when that will happen.

Hodling into 2018

[crazycatwoman03]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

Those people who think that the price of crypto-currency will down already cash out/trade their money for sure needs in this christmas and new year. And those who have no idea that it is time to spend money have no choice to sell in low price ( like what happen in the market now ) or choice to hold their money and wait to rise again. A big dump happen in bitcoin (top currency), it means that they preparing for the big event around the world that money are involve.

[WeedGoW]

New Year cash out, nothing new.

[kimmali]

many people who holds bitcoin and other altcoins cash out since it is christmas holidays. Because of this,the price of bitcoin went down. I think it is just normal because they earned the money they get from the start and it is a year-ender for them to collect and cash out all the money they have earned.

[rainezerr]

Just noticed a sudden drop in all the top cryptos, is there a large cash out for fiat in progress??

I think that the hype is only for christmas and since christmas is already ending, Now the value of crypto currecies are also being affected in the market, The value is decreasing because maybe the hype is gone so we should cash out all of our money and wait for the next christmas to come.

[Taskford]

It is alright to see that the market is going down because the people are cashing out for the holiday and only some of them are really selling because of the fear of holding their coins because of the less knowledge that they have. Cashing out and the selling from the market resulted for a dump which gives bitcoin a title for having a sale this season.

[mnightwaffle]

Yeah the Christmas cash-in

pretty interesting phenomenon

where after a full year of work, you haven't managed to save any fiat at all, so you need to bleed your crypto to buy presents 

the paycheque to paycheque is real (?)

[LordDisick]

This is festival season of many international people and x-mas is coming in 2 days and they are selling to enjoy their festival. When they come back to market after holidays, it will again start to go upward. Ups and downs come and go. Whenever a market touch its resistance level, it drops a little bit.

Indeed, honestly im one of the people who cash out some of my bitcoin not because the price drop but because I needed extra cash to buy some things for Christmas like gifts for my family and godson and goddaughter. Its a time for gift giving so its an excuse for me to sell.

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