The Red Market

[Jating]

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?

We can't take away that FUD is really one reason why we have seen crypto currency going into red. We can say that South Korean could be one parameter, but there are other reasons like people are simply cashing it out. Today, some of the coins are still in red, however it looks like they are starting to recover once again. Bitcoin itself is climbing slowly and on green right now.

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.

I have to agree with you that it went up really quick is short amount of time. We though that it will be a smooth sailing getting to $20K, however, we have seen a reserve movement up to today. It's still January and a long way to go for us. Once we gain steam, we can all go and look forward to $20K.

[Mandoy]

The red market is very visible and the reason is that the whales are now dumping their coins. The even in South Korea may have an impact to that red market bu the overall reason are the whales. They are finished hyping up almost all coins they can find in the market and now they are selling it which causes a panic selling. This resulted in then red market scenes that we observed recently.

[ipanks]

The red market is very visible and the reason is that the whales are now dumping their coins. The even in South Korea may have an impact to that red market bu the overall reason are the whales. They are finished hyping up almost all coins they can find in the market and now they are selling it which causes a panic selling. This resulted in then red market scenes that we observed recently.

this time we see the red candle in bitcoin and altcoin but I don't think that all altcoin will be red candle because of there still a coin that trying to survive in the red candle.but I realize that there is a panic selling from people in the exchanges and it seems triggered the price to get down again. but I am sure that this conditions will not stay for a long time because there will be a time for the price of getting increase again.

[Spades77]

Etherium is rising. All altcoins converted to ETH then to BTC then cash out for profit. That's my guess.

[talkbitcoin]

Etherium is rising. All altcoins converted to ETH then to BTC then cash out for profit. That's my guess.

that would be a dumb move!
because there is a market for selling ETH directly to fiat and cashing out that way and converting ETH to BTC means you will have to pay an additional fee (a trading fee which is a percentage of your volume) which can be quite big and will eat through your profit.

[Stedsm]

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?

Why panic too much? They held a very big number, they were always credited being possible people who pump the market, be it Bitcoins or alts. Why to panic if they've started to "regulate" things? They didn't stop, but took a step to remove all the hide-n-seek games their exchanges might be playing with them. This might be in the better of their country based on their government's point of view, so to keep transparency and get things going.

[criz2fer]

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.
 

ETH Already down at 20% today. HODL more and the profit will take place again. Pick your potential altcoin today which will boom after this red maket. Although bitcoin is down, the potential of it recovering will be a lot longer because last few months, the rise of bitcoin was too fast.

[arief89]

The red market became a habit at the beginning of the first year, and the cause of the red market is now heavily influenced by cases in south korea, so it's natural that now the market is red.

[DroidR17A]

Check out this image...

https://img1.picload.org/image/ddcdcalr/img_20180116_192845.jpg


from the following post: https://bitcointalk.org/index.php?topic=2767591.0;topicseen

This happens every year in Jan.

Don't Panic. Keep Calm & HODL.

[TimtheYoutuber]

Feel free to check out my YouTube channel where I discuss this : https://www.youtube.com/watch?v=zE3IhsSrAOg&t=0s

[Chinsmokers]

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.

Altcoins are affected of the BTC. Also he is right south korea issue is still on the line of the market crash. And also check the markets history for further details. Early in the year cryptos are red then suddenly it will boom again at the mid of the year. Hopefully history repeats itself.

[Dilladupak]

I see that the South Korean seas are why bitcoin and altcoin red prices are not a reason for bitcoin, this would be an opportunity for investors to buy bitcoin and alt, because the price is cheap, and I'm very sure next month Prices will return  good so this is the day it's beneficial to get a lot of bitcoin in the long run.

[ipanks]

Check out this image...

https://img1.picload.org/image/ddcdcalr/img_20180116_192845.jpg


from the following post: https://bitcointalk.org/index.php?topic=2767591.0;topicseen

This happens every year in Jan.

Don't Panic. Keep Calm & Crypt' On.

we have a moment that already happens in every year in January like the image and we don't have to panic. I think it is normal because of bitcoin price increases too high in the last year and if the correction is not too deep then we cannot rise higher again in next month. but many people are afraid that they cannot make a money and they choose to sell their bitcoin although they are lost. but for people which could control the emotion, they will stay calm and not panic to see this.

[JeBro]

Such a strong drop in BTC quotations associated with its planned growth of $ 30,000 and then to $ 60,000. Weak players (so-called "hamsters") are washed out now, and the ground is being prepared for buying bitcoins at a price of 8,000 to 10,000 USD. I think for a few more days there will be uncertainty in the market. Then bitcoin will sky-rocket. Don't forget January 25 will be another Bitcoin fork and for each BTC its holders should receive about $ 1000.

[Triple]

For all the people posting pictures of what happened in January in years past. Past performances are not indicative of future results. Here's why I think it'll be a little different this time around.

Back in the years past, BTC and cryptos haven't gone mainstream. With the wide amount of people throwing money into something they know nothing about, the market was due for a correction. I'm still bullish long term, but I don't see a 700B market cap anytime soon.

[Osiris0]

Its really simple - you just think about CME futures contracts endings... In the end of the week we will se much more "blood"...

[JVC]

My theory on why markets are red:
- China/Korea are dumping to lower price so that they can buy cheap BTC and ALTs later when they get online.
- Futures contracts expire the 17th for CBOE and 26th for CME

[david0317]

Yes you are right it all started with korean government but the news is not about banning the cryptocurrency in their country but just total shutdown of crypto exchanges becayse they are starting to regulate it. But these greedy individuals see it as an opportunity and again they started to make some moves to make the market down very timely with korean news. And as we all know we have lots of newbie investors that came out of nowhere as they thought cryptocurrency is a rich quick scheme lots of them did not do some research or do some little research before investing. That's why one move of this greedy individuals they got affected remember if we are all going to hold and let these greedy people dump the market cap wont get affected this much and these kind of tactics will be lessen. Just hold guys and stay of our ground and invest more in fiat if you have some extras remember the market is on bargain mode.

[ShadowBits]

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, apparently, China and Korea are the reasons why there is a bloodbath now, I know that this is somehow a work of some rich individual and will pump all the prices eventually.

[ronnis.gomes]

China's and Korea's News. If there are bad news, the Market sinks. Volatility is immense in the crypto market