Why are all coins going down

[thomascr9695]

Hi there, anyone knows why the coins are going down. I just lost 10% of my portfolio 

[Bergluft]

Hi there, anyone knows why the coins are going down. I just lost 10% of my portfolio 

Did you check your prices on coinmarketcap? Coinmarketcap decided to exclude Korean exchanges from their price/market cap calculations (as these are trading significantly higher prices than other markets) - this is one reason why all prices are down. I think they should (have) informed users about this!

I suggest to be careful and check the numbers on exchange platforms again before making any moves! Don't panic sell because of this!

[Poink]

Many are down but not all.  I am still at same level as yesterday this time but compared to my ATH (7 hours ago) I am down almost 20%.  So it depends on where (point in time) you are measuring it against.

I think this is a normal correction for the unbelievable rally the past few days.  Just sit tight, it will bounce back and go even higher when it does.

More and more exchanges are also getting excluded from the price calculation because some are really outrageously higher (marked with * on the Markets tab of coinmarketcap).

If you are selling coins, worth checking the price on other exchanges, may be worth transferring & selling there.

[generalizethis]

Why? Volatility.

This is just another day in cryptoland--if this sort of thing shakes your confidence, you should probably get out or stop looking (IE get a hobby to take your mind off of it).

[flinty69]

Bitcoin down so altcoins value goes down as many are linked to BTC and it freaks people out. If you know anything about cryptocurrencies then you should hold tight, don't panic and wait for the bounce back.

[thomascr9695]

Why? Volatility.

This is just another day in cryptoland--if this sort of thing shakes your confidence, you should probably get out or stop looking (IE get a hobby to take your mind off of it).

Nah, just wondering why. I have made enough profit over the past days  

[Valuyet]

Hi there, anyone knows why the coins are going down. I just lost 10% of my portfolio 

Not true and maybe your coins only are dropping but not mine. Don't worry, it'll soon pump again as most coins are dropping and pumping. Just relax and take a coffee.
We just hope they'll be increasing starting tomorrow.

[Nebell]

China is trying to get miners to stop using so much electricity, by maybe limiting how much electricity they will have available.
This could get a lot of miners in China to dump their BTC.

Also, S. Korea has ordered bank inspection on all banks that deal with cryptocurrency. So people are maybe freaking out because of that as well and cashing out while it's still time.

Those are the two latest news I've heard about, don't know if there's more.

[Valuyet]

Why? Volatility.

This is just another day in cryptoland--if this sort of thing shakes your confidence, you should probably get out or stop looking (IE get a hobby to take your mind off of it).

Nah, just wondering why. I have made enough profit over the past days  

Well, don't worry, if the current value is still greater than the actual price upon investment then you will have profits otherwise we have no other option but to hold. That the least can do right now.
Hold and wait, wait and hold.

[pratikmodi53]

HODL!

[fanty]

HODL!

+1

HODL ftw

[Janomo]

Great, time to fill your bags again . Don't miss the discount!

[XaviN]

Maybe this: https://ibb.co/fmTn6m

[iwillhodl]

Also whales are paying out profits from bull market. It makes price drop, people panic and sell also what makes price drop. Tomorrow or max by two days it will change again to bull market so it's best time imo to buy cheap coins

[nhanhzam]

HODL 
I lost 8% my portfolio too, buy this is a great time to buy some coins againn

[michaelbit87]

Time to buy guys!!!

[qwertylolxd]

After such more growth, price correction began, this is normal, everything can not grow without stopping , nice time to buy !

[lugospod]

After such more growth, price correction began, this is normal, everything can not grow without stopping , nice time to buy !

This is not a price correction... this was dumping due to nasty Chines people

[Vit83]

I believe that all this with korea will make cryptomarket more civilized and will help a lot of new people come to the market)

[Nebell]

Yeah it's time to buy but fucking hell, with what? If I predicted this drop I could've unloaded my shit for USDT and then bought again, but noooo, these drops are so hard to predict for us who can't read the charts (and I doubt even those who can read the charts can predict these FUD moments).