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Author Topic: why all coins are dropping?  (Read 8495 times)
1020kingz
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January 19, 2018, 01:39:45 PM
 #141

There are lot of reasons why it goes down, first the investors withdraw their investment especially in bitcoin it can affect the market, second some countries ban crypto currenciesthats why they withdraw, and 3rd the deep correction of the recent prices thats the main factors I guess.

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BariaczRoni
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January 19, 2018, 01:43:45 PM
 #142

Last few date, China and Korea goverment annouce to consider banning crypto currency. This news make the market start selling all coins, but official news help the market to recover fast.

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January 19, 2018, 01:56:56 PM
 #143

It is natural for any particular coin to drop or rise at any point in time based on demand and supply. Although the fact that Korean Government has some plans about cryptocurrency may also contribute to the current price of Btc which is also affecting some Altcoins.
Just keep calm, its a normal phenomenon.

jazmuzika217
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January 19, 2018, 02:06:16 PM
 #144

any body know the reason for current drop?

The current price dump is happening I guess because the bitcoin is dropping at the first place. Because I dont know if it is just me or when the bitcoin drops the alt coins also drop the price. Thats what Ive observed. But my hope for bitcoin and other crypto currencies are still high. I do believe that they could recover and hit the market again. Maybe what we need to do is dont panic and stay calm coz it is so bad to see yourself in pity after selling all your coins and suddenly the price will pump later on. Good luck! Smiley

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January 19, 2018, 02:11:35 PM
 #145

Many people are just wanting to cash out any and all possible gains they have made at this point by panic selling. The price of bitcoin is far too high.to invested
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January 19, 2018, 02:14:14 PM
 #146

It's because of Korean exchanges, 2 big exchanges are raided by Korean authorities for tax evasion.
https://www.cnbc.com/2018/01/10/police-tax-authorities-raid-south-korea-cryptocurrency-exchanges-for-tax-evasion.html

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January 19, 2018, 02:15:25 PM
 #147

any body know the reason for current drop?

We cannot actually predict what really happened why there are some dips and increase of Bitcoin or Altcoins.
Once thing is for sure is that many people withdrew their investments for some reasons which resulted to decrease in prices and demands.
Successful of Bitcoin or Altcoins are really depends on the demands of million of people around the world.
The more people will invest in Bitcoin the price will increase and that what are we waiting for.
So we better to invest now and hold until we reached the desired income. Bitcoin is our future so we better to invest now since it's already accepted globally.

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January 19, 2018, 02:22:43 PM
 #148

any body know the reason for current drop?
It was a results from bad news from China and Korea they closed there exchange and banned cryptocurrency.
The high volume of coins they dumped takes 2days to neutralized by the world market. To add also the panic sellers who dumped there coins.
Today might be a starting point for all coins as it turns green un the market charts.

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January 19, 2018, 02:28:38 PM
 #149

Due to the whales(the big time investors) they manipulate the price by making the price low making small time investors drop their price in the point of fud and then this whales will buy from the weak hands and in the end of the day the rich gets richer and the poor gets poorer.

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January 19, 2018, 02:38:39 PM
 #150

All cryptocurrencies have been dropping, because they have been pumped hard for the past several months. Some of these coins got overvalued, so all cryptocurrencies have been in correction mood. I think It would stabilize the market.

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January 19, 2018, 02:39:49 PM
 #151

This is normal scenario specially in January because of the holidays but there is a news about the China government that they want to ban the bitcoin in their country. So I advice to you to hold first your coins maybe in two weeks more it will normal again.

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January 19, 2018, 03:15:30 PM
 #152

I do not know the details, but from what I hear it may be that some countries prohibit the use of bitcoin, and the use of bitcoin in korea decreases, it confirms that korea has a big impact on the bitcoin market...

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January 19, 2018, 03:23:59 PM
 #153

All coins dropped in the past due to the negative impact of the news, the Korean government has decided to ban trading and closed the exchange platform Bithumb, which makes the rate of cryptos fall quickly. But the market is showing signs of recovery, predicted in February 2018 will increase strongly again.

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January 19, 2018, 03:31:24 PM
 #154

Prices are tied to BTCBTCBTC, so most the markets react in proportion to the market movers. There's growing uncertainty with the legality of crypto and mining operations in some countries, hence the sell-off.


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January 19, 2018, 04:30:20 PM
 #155

any body know the reason for current drop?

It is obvoius that market is correcting itself which is normal in trading , if you check historical charts, you will see that there was always a dip and then a rise

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January 20, 2018, 05:36:45 AM
 #156

any body know the reason for current drop?
It was a results from bad news from China and Korea they closed there exchange and banned cryptocurrency.
The high volume of coins they dumped takes 2days to neutralized by the world market. To add also the panic sellers who dumped there coins.
Today might be a starting point for all coins as it turns green un the market charts.

This is one of the reason why most altcoin are in red line but unfortunately when bitcoin price down we can sure that most altcoin will be down too because of btc pair that the market react when btc down or pump.
But dont be mad or stress this is normal in cryptoworld xD It will recover soon dont sell all your coin trust bitcoin.

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January 20, 2018, 05:40:00 AM
 #157

I think it only happens temporarily and now the coin price is starting to normal again and will increase as it did yesterday.
sudhirratra68
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January 20, 2018, 05:41:09 AM
 #158

There has been dropping in bitcoin value in last 6 days. Since the Bitcoin is the foundation of this coin business the news about Bitcoin increasing or decreasing always affect the other crypto coins as well.
prince05
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January 20, 2018, 05:58:51 AM
 #159

thats because bitcoin value went down. due to the latest crack down of bitcoins in south korea. bitcoin being the main crypto currency it all follows. but soon enough bitcoin prices will pump up again so it is also a good sign to start buying now while prices are low then sell it high

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January 20, 2018, 06:00:06 AM
 #160

There has been dropping in bitcoin value in last 6 days. Since the Bitcoin is the foundation of this coin business the news about Bitcoin increasing or decreasing always affect the other crypto coins as well.

Some county ban the coin. So that the reason for all coin prices down on time. So you will check the market places then you will get more information for the prices list. So you will check the prices day by day.

Examples:
If most of the peoples release the bitcoin. It will down the prices. It incres the prices. But country ban the any one coin it will affect the all coin prices in Market place.

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