Today 2018/01/16 all crypto down nearly 20%

[Mcfee lee]

The market react very strage I don't understand why get very dip like this

[Raskolhnikov1]

Hi Mcfee lee,
This seems to be the finance minister of South Korea's fault, he said he will ban bitcoin.
Take a look at this: https://www.washingtonpost.com/world/asia_pacific/bitcoin-prices-fall-as-south-korea-says-ban-still-an-option/2018/01/16/38f104b2-fa90-11e7-9b5d-bbf0da31214d_story.html

[shulio]

The market still needs correction. So it uses any bad news that published about BTC for the correction. The market already recoved.

[Mcfee lee]

Yes I think so because of south korea...but a few day will recovery I think

[hugeblack]

Yes I think so because of south korea...but a few day will recovery I think

No, I'm not thinking South Korea has the power to effect in the market like that.
Some coins like bitcoin: sudden tumble more than 1300$ in 1.5 hours.
more than normal correction, Big players start gaming now.

[Dart18]

Yes I think so because of south korea...but a few day will recovery I think

No, I'm not thinking South Korea has the power to effect in the market like that.
Some coins like bitcoin: sudden tumble more than 1300$ in 1.5 hours.
more than normal correction, Big players start gaming now.

Yes. But I am also thinking. How could they get out with a large amount.
Millions of dollars are at loss now because of this. They cannot just get out with that.
Where did they fund the money. What coin?

I know it is not yet fiat now, or they cannot direct it to a bank account with that large sum.

[shulio]

Yes I think so because of south korea...but a few day will recovery I think

No, I'm not thinking South Korea has the power to effect in the market like that.
Some coins like bitcoin: sudden tumble more than 1300$ in 1.5 hours.
more than normal correction, Big players start gaming now.

Yes. But I am also thinking. How could they get out with a large amount.
Millions of dollars are at loss now because of this. They cannot just get out with that.
Where did they fund the money. What coin?

I know it is not yet fiat now, or they cannot direct it to a bank account with that large sum.

The don't have to invest in other coin or withdraw the money to bank account. They convert BTC to USDT (tether), so they are ready to buy again at lower levels, probably they already bought at 11500$.

[tornikejr]

Guys you think its wise to buy BTC and eth now? Or prices will continue to fall?
Everything is red today

[Raskolhnikov1]

Guys you think its wise to buy BTC and eth now? Or prices will continue to fall?
Everything is red today

Eth for me is a solid investment, even during corrections it is the one that suffers the least variance.
So if I had money I would buy eth now.

[eyesopen]

when i checked bittrex today the only green arrow i saw was NEO!!
everything else was down.
it is amazing the effect a news article about something which actually has not happened can affect the markets.
i would be certain there are people taking their opportunity to buy bitcoin and other alts not that there is a big drop.
personally i am pi$$ed off because i font have any spare fiat to put into it at the moment.

[DiceChain]

within 1 day. Market capitalization has fallen to $ 190 billion. I think the reason is that the Korean government issued a decree banning bitcoin. Korea is home to the big bitcoin in the world. But I think it will recover soon. it takes a few days.

[Mcfee lee]

This is the time to buy now..you will never get this cheaper price again ..I will buy as much as I can

[Stephgmnl]

when i checked bittrex today the only green arrow i saw was NEO!!
everything else was down.
it is amazing the effect a news article about something which actually has not happened can affect the markets.
i would be certain there are people taking their opportunity to buy bitcoin and other alts not that there is a big drop.
personally i am pi$$ed off because i font have any spare fiat to put into it at the moment.

Thats the problem,  everytime time there is a negative news about bitcoin people starts to panic and pull out their investment,  and that can be one of the reason why everything goes down and no one wants to invest in cryto currency,  I still believe that everything will be ok in this industry and also there will still a lot of people who believe about the potential of bitcoin and crypto currency soon people will start to invest again. 

[herurist]

The market react very strage I don't understand why get very dip like this

That's fine, you should stay calm. I think this is the best time to recovery ( fix ) our strategy, most people say " down " is the right moment to buy. We should analyze carefully about our next step because all crypto down. Dump ( down ) pump ( up ) is just temporary trend and I'll ignore about anything ( specially news ) because I'm a technical trader/ invest. See again your strategy, fix and go to buy again. Have a nice day.

[duyduc256]

It was terrible and this has never happened to the cryptocurrency market for more than five years. They are trying to sell everything to take profit and this makes the whole market show signs of falling down very quickly. I guess now is the time you should buy because I am sure the price will start to recover in the near future

[TyfrTR]

It was terrible and this has never happened to the cryptocurrency market for more than five years. They are trying to sell everything to take profit and this makes the whole market show signs of falling down very quickly. I guess now is the time you should buy because I am sure the price will start to recover in the near future

I agree. This happened also 15 days ago; all coins downed about %20 and recovered only in 2 days. They call this as a market correction but I believe that we'll see such situations during the year of 2018.

[invot]

Guys you think its wise to buy BTC and eth now? Or prices will continue to fall?
Everything is red today

It is a great time to buy BTC, ETH and other cryptocurrencies today.

If you check the historycal charts, last three years we've seen these falls of the prices on January following prior uptrends started from november.

[DanielRR1997]

Bitcoin, Ripple, ethereum and other cryptocurrencies are falling today after uncertainty over crypto trading in South Korea triggered a panic sell-off of the virtual currencies. Cryptocurrencies were off to a pretty volatile start this year, but reports of South Korean regulators cracking down on exchanges shook the entire digital currency market. The Finance Minister Kim Dong-yeon reiterated that a ban on crypto trading is still very much a “live option”.

[amacar2]

Right now many weak hands are selling their holding just out of fear while whales are spreading fuds regarding bans to buy and accumulate cheap coins.

When this fud will be over and those whales will have their bag full, market will have next huge surge. Wait for it if you haven't sold your coin at top and if you have some fiat buy every top coin in current bloodbath.

[jhongzjhong]

The market react very strage I don't understand why get very dip like this

They are having all coins corrections maybe that's the main reason why all coins now dump in crypto marketcap.
Besides of these happened now it is big opportunity to buy more coins, buy how many as you can i know after 3 months it will be back to normal price, i have seen already this situation like what happen last year on November all price was down but after two weeks all coin are back to normal. I think it seems like before of what happen now.