Crypto Bloodbath..

[MintCondition]

Well, it seems that lot of people believe that a currency can grow forever... of course not.
Currencies - look at forex - go up and down. That's all

It just due to SoKor and China banning, both Cpunyry always finds a way to buy at low price and it's quite effective, so we just need to follow them on buying mpre and hold till they goes to the moon again.

[Kavallo]

Well, it seems that lot of people believe that a currency can grow forever... of course not.
Currencies - look at forex - go up and down. That's all

This is exactly why it is called a market - there are not only those who buy, there are also whose who sell, and when those who sell happen to be more than those who buy... well, then things like today happen.

[bingble]

For my personal opinion, the "Bloodbath" is normal.

In the crypto market, we usually can see the price go up or down more than 10%, or 20%.

If you think it normal when the price go up 20%, then you should be used to the down 20%.

[erickkyut]

Well, it seems that lot of people believe that a currency can grow forever... of course not.
Currencies - look at forex - go up and down. That's all

It just due to SoKor and China banning, both Cpunyry always finds a way to buy at low price and it's quite effective, so we just need to follow them on buying mpre and hold till they goes to the moon again.

There are also people saying that another reason for the bearish is because Chinese are selling their coins because they need money in preparation for their upcoming Chinese New Year. Lol. Yes you are right. It is the best time to but more coins. After this bloodbath, expect price increase of your investments.

[Tamilson]

Well, it seems that lot of people believe that a currency can grow forever... of course not.
Currencies - look at forex - go up and down. That's all

It just due to SoKor and China banning, both Cpunyry always finds a way to buy at low price and it's quite effective, so we just need to follow them on buying mpre and hold till they goes to the moon again.

If you can't beat them join them!
So let's just go what China and South Korea wants and let's buy more. We all know that when fud is about China it have a really big impact in the market so be used to it as they're always greedy to own more. Surely, they're the big whales in the market so don't get fool and don't give your money to them.

[mornabo]

Well, it seems that lot of people believe that a currency can grow forever... of course not.
Currencies - look at forex - go up and down. That's all

It just due to SoKor and China banning, both Cpunyry always finds a way to buy at low price and it's quite effective, so we just need to follow them on buying mpre and hold till they goes to the moon again.

there are many problems currently on bitcoin, some countries seem to follow china's footsteps to ban bitcoin, but i think this mess and chaos will happen transiently, i'm sure some days ahead the market situation will return to normal and many people will re-buy bitcoin and price will recover, I think the current price that is bloody is an opportunity for you to buy bitcoin at a cheap price

[Crytptohack]

Bitcoin has taken a dip in January in 2015, 16 and 17. Look at a chart and January was the low level for each of those years.

If history repeats itself with BTC, this correction will be the low point for 2018. No one really knows where the bottom is, so people scale in if they are going to take a position in an asset. Previous major highs are typically support, same with moving averages like the 50, 100 and 200 dma.

Most of the BTC pullbacks that I've witnessed have been sharp V bottoms.  Check out the 4hr and 1 hr charts.

[The Sceptical Chymist]

Looks like correction before next massive pump but who really know

It's most definitely a correction, and a fairly severe one at that.  What remains to be seen is if and how bitcoin is going to rebound.  I'm prepared for this being only one leg down in a massive crash--the end result of all the idiots piling into bitcoin, not knowing exactly what they're buying, but buying it at an all-time high.  You know, just how it happens in every bubble since the dawn of financial markets.

This doesn't bother me at all, since I currently don't have a lot of bitcoin, and I've been expecting this for months now.  Most of me thinks we'll come back to $19,000 within a few months and then go higher.  As they say, the bull market still has legs (I think).

[Hexah]

The crypto market are currently all in red. It seems that there is a bloodbath. How long do you think will it take and what do you think is the reason behind it? Is it just a massive price correction or is it the end for the crypto world? Just want to know your opinion about it.

Nothing to worry if you are a believer, the price will be back up soon.
Weak hands will dump for sure so that is the time to take advantage of their ignorance, we have seen this many times, when the market correct
the next thing will happen is another pump, just stay cool and put that patience in your heart, we will survive this.

Very well said, if you are just new to market world wherein things really happens like this and you have no guts to take risk you'll probably thinking to sell everything you are holding but if you are really a true believer of cryptos then this kind of things might not scares you.

Next pump will really happen there are market control behind this dump. So buy dips right now and keep holding that one.

[barnes13]

For first it's seems so strange for me, but read some trader prediction for Bitcoin is always happen every year on January and february the price down and will recovery on next month and get next all time high.

[boboking]

For first it's seems so strange for me, but read some trader prediction for Bitcoin is always happen every year on January and february the price down and will recovery on next month and get next all time high.

I think this is just caused  of the south korea news banning crypto trading. If you remember the China news same thing happened crypto market was a blood bath but we should remember as well on how fast the market was able to recover.

[qiwoman2]

Debit cards like cryptopay and payza are also not going to be working anymore, so ths is also affecting now how many of us peeps can get our money out, they want to make it difficult for people in crypto as much as possible in order to get people to not invest in this technology and not make a better life. I am all behind crypto, even if my bags all die, I am stll behind the technology and the problems it can solve. Maybe this is the end of the short lived bull run and we are going down further or it may rebound much stronger than before, shaking out all the newbies who just went in for a quick buck and those internet marketers pluggng scams.

[erickkyut]

For first it's seems so strange for me, but read some trader prediction for Bitcoin is always happen every year on January and february the price down and will recovery on next month and get next all time high.

I think this is just caused  of the south korea news banning crypto trading. If you remember the China news same thing happened crypto market was a blood bath but we should remember as well on how fast the market was able to recover.

The news about South Korea banning crypto trading is just a FUD. South Korea released their statement that there will be no banning. They just want to regulate the trading sites. Yes Bitcoin and altcoins will surely recover from this bloodbath. No need to worry and panic.

[RealPhotoshoper]

For first it's seems so strange for me, but read some trader prediction for Bitcoin is always happen every year on January and february the price down and will recovery on next month and get next all time high.

Get used to it , crypto market is full of risk . Which means the possibility to get super huge profit is there.
People don't want to sacrifice to have a bad moment before they could receive a sweet unexpected winning.
That's crypto where patience, waiting on the drop is really being  tested , try to relax!

[medsi2]

Cryptotrading is not for emotional people.
When starting cryptotrading you should quit emotion and don't panic sell or panic buy. This phenomenon is normal, it happens that after a HUGE increase (I want to remember that we were at 17 Bn marketcap at early 2017), a correction is going to happen.

Many can say that it's just a correction, other as a beginning of a bearish trend. In my opinion we will recover in weeks/months: This is a fast growing market with a lot of things ahead.
SO I will put some big buy orders on the way down   (I'm not trading with 2 cents, lost a lot of K$ in the previous 48 hours, but I'm still sleeping well and happy).

[@Mhaiang]

Don't worry because it is just a drop down of crypto currencies. Soon it will moves upward and upward because this is the reality and we need to stay cool.

[Nasty23]

For first it's seems so strange for me, but read some trader prediction for Bitcoin is always happen every year on January and february the price down and will recovery on next month and get next all time high.

Get used to it , crypto market is full of risk . Which means the possibility to get super huge profit is there.
People don't want to sacrifice to have a bad moment before they could receive a sweet unexpected winning.
That's crypto where patience, waiting on the drop is really being  tested , try to relax!

Yes we need to be patience here because every dump there is a pump that enabled us to earn a profit and we should not join the flow of the market when its going down because it maybe manipulated by some people that are planning to dump but later on they increase the price so that they can earn a big profit and the people who sold their coins in the dump losses their money.

[Harsh_Patel]

I know one of the reason.

Bitconnect

They were 2 Billion Dollar Crypto and was in Top 10 at a point in time on Coinmarketcap and Today their Price dropped 95%

Beginners who invested in them are crying like a baby now. This was suppose to happen sooner or later, Question was just when and today it did. Let's enjoy that one of the Ponzi is out. There will be more trust in the market.

[cho99]

The crypto market are currently all in red. It seems that there is a bloodbath. How long do you think will it take and what do you think is the reason behind it? Is it just a massive price correction or is it the end for the crypto world? Just want to know your opinion about it.

many analysis from financial advisors predicted this crash since the last pump and this is the usual way of the market and this is what happens always in stock exchange market as in wall street . This crash is just what happens when big investors decide to go for a big speculation on the market and they do it together at the same period so the system is to start a massive selling process when the price is as some point stable so they can get a good price for it . And then with this massive selling process the price will crash down for the minimum possible . At this point the same investors who created this selling process they start a massive buying process and this how the price start rising again and he will reach again his usual price and maybe even more so they get a big profit from this manipulation of the market . I hope you get the idea for what is going on . So don't panic and start selling also now because the price will rise again and very soon also

[qiman]

I know one of the reason.

Bitconnect

They were 2 Billion Dollar Crypto and was in Top 10 at a point in time on Coinmarketcap and Today their Price dropped 95%

Beginners who invested in them are crying like a baby now. This was suppose to happen sooner or later, Question was just when and today it did. Let's enjoy that one of the Ponzi is out. There will be more trust in the market.

I am relieved my wife or myself never invested in Bitconnect. I think too many people who got involved with that scam were like newbies in crypto and only got into Bitcoin or altcoins because of this scam. I think many of those people will be totally put off now and will ot re enter the crypto markets. What we need in crypto now is serious investors who see potential in the technology, not people from facebook who used to be internet marketers and want fast cash, who just now became so called crypto gurus with their followers and made a ton off their referrals who got rekt.