Around 7:30 UTC prices of all coins dropped. What happened ?

[ThinkAndGrowRich]

Hello

I looked at BTC, ETH, XRP and BCH on coinmarketcap. At around 7:30 UTC their prices dropped dramatically.


How could one have known in advance or at the same time or at least as soon as possible?

[1714836980]

1714836980

[1714836980]

1714836980

[1714836980]

1714836980

[Zalfa_mui]

Actually all can be predicted by the experts,If for us who are beginners, to find out very difficult,And this is the season of bitcoin down, invest as much as possible.

[ThinkAndGrowRich]

Actually all can be predicted by the experts,If for us who are beginners, to find out very difficult,And this is the season of bitcoin down, invest as much as possible.

How ?

[racebum]

the only way you would have accurate predictions in any market is with inside information or non public information.

the fear right now is with asia. crypto is really hot over there and governments are looking to fine/ban trading. if that happens it's going to trigger a lot of sell orders. what we are seeing now would be fearful people exiting at what could be a near term good price

if asian countries do not make draconian laws you will see a massive rally

the "experts" are saying similar but the truth is we are all just guessing

[DexterRock]

Actually all can be predicted by the experts,If for us who are beginners, to find out very difficult,And this is the season of bitcoin down, invest as much as possible.

This is the season of bitcoin down? Come on man... I agree there is no need for panic, but no, not everything can be predicted by ''experts'' and no, there is no such a thing as ''season of bitcoin down''.

[alyssa85]

Hello

I looked at BTC, ETH, XRP and BCH on coinmarketcap. At around 7:30 UTC their prices dropped dramatically.


How could one have known in advance or at the same time or at least as soon as possible?

You couldn't have known in advance. It was triggered by comments from the Korean finance minister hitting the news sites. The only people who would have known in advance were those working for the Korean finance ministry.

That said, Bitcoin rose too fast and many people were looking for an excuse to take profits.

[gambitcoin53]

you cannot and never know when will bitcoin price move, what you see in the market is the result and not the real time movements, nor you can predict it, the behavior of its movements is the basis of your next decision whether you buy or you sell, look at the trend, it is a trend, many reasons for today's downfall though, negative news, write-ups and bad forecast of the so called experts in trading somehow affects the trend. people panics when they see the trend that goes downward, but actually look at this trend as an opportunity to buy instead of panicking.

[ballerin and giroud]

Well, this is the reason why bitcoin is so risky to be an investment place or to put our money. We can't measure or predict the price that will happen in the future. Just negative rumours, positive rumours or expert opinion about bitcoin. That will determine the price of bitcoin, can be high when some positive rumours circulating in the community, or the price can go down if negative rumours circulating in the community. So, if you want to know the price movement of bitcoin, read the latest news related to bitcoin that has been trusted.