The Red Market

[Vatimins]

Why is everything just a sea of red these past couple of days? I know the FUD with South Korea was the cause for the first major dip, but since then, all that has been figured out but the market is still just being slaughtered.

Anyone know of possible reasons why?

    The way i see it, the south korea issue really has something to do with this. But if you look closely at the recent charts and a few weeks older ones. You will see that the south korea issue isn't really the only reason as to why this sea of red prices in portfolios phenomenon is happening. Clearly, a lot of investors are taking profits and investing in better coins will some really just wanna take profits or cut losses. That is what i think. But whatever it is, it'll be over soon. Prices will eventually be going up again sooner or later this year. Might even happen on the next month. Who knoes? So just relax. Keep calm and hoodl.

[criz2fer]

Why is everything just a sea of red these past couple of days? I know the FUD with South Korea was the cause for the first major dip, but since then, all that has been figured out but the market is still just being slaughtered.

Anyone know of possible reasons why?

South Korea case not solved till, people are in tension now and they are dumping their coins to recover the loss , those who buy at all time high they are in loss currently . coins like therum and bitcoin gold are booming in the sky since this issue created. also bitcoin fees are costly now average fees 0.001 Btc which is approx 15$ , normal bank fees is around 20$

main reason system network fees

I'm not talking about bitcoin. I'm more concerned on my altcoin holdings. Things like Bitcoin Cash, Bitcoin gold, and now even the new fork Diamond is booming like crazy. And from my research, BTG and BTD are both worthless forks.. This can't be good for the market because they're just pumping usless forks.

From the previous FUD like MEW hack and banning korean exchanges was really a concerning. If people are not being secured by a good news that can concretely support the false issue, the market will still in blood bath. But there are currencies that are not affected by this FUD like ETH which are a bit more stronger this past week after its ATH. Hope nextweek, some good news would happen.

[jseverson]

Just another day in the world of cryptocurrency. From my point of view,  Ethereum is the rising star nowadays and eveyone is getting in on the hype, selling their alts and BTC's for ETH. Once it reaches that all time high, sell back to BTC or alts and have a pat on the back.

Umm what? Ethereum is dropping too. Granted, it dropped the least percentage wise than any of the others in the top 5, but the overall trend is bearish.

Either way, I don't think this is any cause of concern. I would be more worried if Bitcoin was the only one falling while the others are rising like what happened a few weeks ago. This is just normal market movement. I remember when hitting $500 billion market cap was a big deal, and now being down to $700 billion is suddenly concerning lol.

[dlhezter]

Reds came from newbie investors that currently in panic situation to cut their loses from that FUD with south korea. the mainly suffering this REDS are those investors who invested in bitcoin at high cost. luckily the dip is not going deeper. but im sure sooner or later after this tragedy all coins mostly bitcoin will move and pump again with a bang.

[jamirrah]

I just started trading a month ago and already tripled my capital and Im happy and almost convinced I could be good in trading but this week I find it hard to make profits and got trap with my current purchases and don't know until when this red market continue.

[dave111223]

Not so much red for me, i even have a lot of grey thanks to wager and darcrus and stratis

[szpalata]

I just started trading a month ago and already tripled my capital and Im happy and almost convinced I could be good in trading but this week I find it hard to make profits and got trap with my current purchases and don't know until when this red market continue.

Well i sense some pride on your part and so instead of thinking that you have come to the end of the knowledge of trading by your early successes i will urge you to learn more  on it and don't get carried away else you might regret later if things turn out even worse.

[onrise]

Just another day in the world of cryptocurrency. From my point of view,  Ethereum is the rising star nowadays and eveyone is getting in on the hype, selling their alts and BTC's for ETH. Once it reaches that all time high, sell back to BTC or alts and have a pat on the back.

Last 24 hours being more or less stable for ETH and not many of the coins have given spectacular rise other than SNGLS, LRC which has moves by  30 - 40% . ETH on other hand is being the coin for 2018 till now and holding it seems to better option at present than btc.
 

[carriebee]

Just another day in the world of cryptocurrency. From my point of view,  Ethereum is the rising star nowadays and eveyone is getting in on the hype, selling their alts and BTC's for ETH. Once it reaches that all time high, sell back to BTC or alts and have a pat on the back.

Last 24 hours being more or less stable for ETH and not many of the coins have given spectacular rise other than SNGLS, LRC which has moves by  30 - 40% . ETH on other hand is being the coin for 2018 till now and holding it seems to better option at present than btc.
 

Some has the red marks these days while ethereum is on top nowadays. Price is increasing but I think once bitcoin will uptrend its value again some alts will in red days. Yes most will ofcourse go back to btc so lets ride with these crazy market.

[VovkashotDD]

Why is everything just a sea of red these past couple of days? I know the FUD with South Korea was the cause for the first major dip, but since then, all that has been figured out but the market is still just being slaughtered.

Anyone know of possible reasons why?

But it's not all right, but the alts do not stay on the same level for a long time, they will rise slightly and fall. And you looked exactly at the time of the decline of most coins and saw red numbers.

[ZainSpider]

Honestly I love a huge dump in all alts, and then I will buy at super low and sell at high greens.

[signaturecoin]

Because of the fud of South Korea, i bought cheap altcoins at less than 60% of the ATH, so i have already made more than 60% from that dip, since almost all the altcoins have recovered from it. If it wasn't from it, i couldn't make that profit, lmao.

[Herbert2020]

meh, you are being too dramatic.
right now we are seeing the other side of the coin. which is the dumping part of the altcoins. back when they were pumping constantly you should have prepared for this time but most people forget it until it is too late and their wallet/portfolio starts showing them red numbers and then they realize they are under a huge load of dump

besides this is January and this month is the month for little action, which is what we are seeing in bitcoin. and the reason why traders have been active a little more in altcoins.

[Rourad08]

last week many Regulations rules try to make virtual coins under control.
many bad news make  The Red Market  (expect ETH )
What you see in red, some see as an excellent opportunity to achieve high profits, as it is the state of the market, day in red and day in green.
Volatility is not a problem, but the currency path is the problem. If the path is high, as in bitcoin, all things are excellent.

[Betwrong]

There ain't no steam. January's traditionally been a pretty crappy month anyway and it's off the back of a year-long bull run. That's inevitably going to smart when it runs out of enthusiasm. There are probably many people out there now wondering what the hell they put their hard earned money into.

I bet there are a lot of them, especially among the newcomers. I'd like to say to those people to stay calm and just wait maybe couple of months or a bit more. Unless you want to lose some of your money do not sell your BTC now if you bought it at $18,000+. Look carefully at the history of Bitcoin and you'll see that there were much bigger drops from which Bitcoin recovered successfully with time.

[rickyNmorty]

What happening right now is the downside of bitcoin, we have seen it increasing well obviously it has an opposite effect and i think that is what happening right now. We are seeing it dropping which is normal on the market because many people are trying to sell their bitcoin which has a low demand these days , but i guess it won't last long time for it to rise again.

[Ranly123]

Why is everything just a sea of red these past couple of days? I know the FUD with South Korea was the cause for the first major dip, but since then, all that has been figured out but the market is still just being slaughtered.

Anyone know of possible reasons why?

South Korea case not solved till, people are in tension now and they are dumping their coins to recover the loss , those who buy at all time high they are in loss currently . coins like therum and bitcoin gold are booming in the sky since this issue created. also bitcoin fees are costly now average fees 0.001 Btc which is approx 15$ , normal bank fees is around 20$

main reason system network fees

I'm not talking about bitcoin. I'm more concerned on my altcoin holdings. Things like Bitcoin Cash, Bitcoin gold, and now even the new fork Diamond is booming like crazy. And from my research, BTG and BTD are both worthless forks.. This can't be good for the market because they're just pumping usless forks.

All transactions are anonymous, so it really difficult to pinpoint what causes this red days. Based on my analysis the big aspect affecting this forks is the announcement on north korea to file a bill about banning cryptocurrencies especialy the top on the ranks. Though it is not solved i think many of investors on cryptocurrencies sell their holdings and wait for the stable time to invest again.

[Jaya1995]

I just heard about the red market ... because that often people hear the black market ... yes maybe that connotation is not good .... and people think that black market place dark goods

[bug.lady]

Why is everything just a sea of red these past couple of days? I know the FUD with South Korea was the cause for the first major dip, but since then, all that has been figured out but the market is still just being slaughtered.

Anyone know of possible reasons why?

well the first and main reason is that BTC went up to 20k in a very very short time. The situation just shouted for the correction. Anybody who knew anything about trading could tell you that. My uncle who knows nothing about crypto told me that a correction in crypto markets was coming. Anybody who was surprised that it went subsequently down can only blame themselves.

  

[kiwasmose]

This is the altcoin that has gone up in the early stage. When the profits are being extracted, you can not see much of the mainstream bitcoin and ETH. Even ETC is accelerating. It doesn't need to worry too much. I think the impact of South Korea's news is being dissipated and the market will come back soon.