why all coins are dropping?

[Budening]

Maybe I think it's time to drop price of all coin. The reason:
1. Bubble broke
2. Chinese and korea was banned cryptocurrency
3. Every beginning of the year always drop the price
That enough, I hope next time the price of bitcoin and all coin can to the up again

[maduranga]

i think this just because January usual price drop it can see past years but fud seen made it little bit big

[Welckomtome]

any body know the reason for current drop?

All this after the Chinese news is expected to return to its previous positions and I think it will be higher!

[akhilsh6896]

The crash in the price of all cryptocurrencies is because of the government crackdown worries. There is a fear in Cryptocurrency market because of the regulatory aspects. South Korea Government is planning to impose a ban on cryptocurrency exchanges in the country. South Korea is one of the countries where craze for Cryptocurrency is very high and it accounts for a significant global trade volume for all Cryptocurrencies.

[Zeneize]

People are in panic because of Bitcoin's drop and so the sell whatever to go back in FIAT. This is why you have all coins tanking today.

[Gobeller]

Maybe I think it's time to drop price of all coin. The reason:
1. Bubble broke
2. Chinese and korea was banned cryptocurrency
3. Every beginning of the year always drop the price
That enough, I hope next time the price of bitcoin and all coin can to the up again

Don't come with maybe...

1.There was no bubble so there is nothing to be popped out.
2.China banned this on september, 4 months ago. South korea didn't ban anything.
3. For this, I can't argue, it might be true honestly.

[klixion]

The majority of the altcoins are dropping in value due to bitcoin's value decreasing.  Every altcoin is traded with bitcoins, so when bitcoins value is lowered, the altcoins value will follow.  You will notice that the USD value will be affected more than the BTC value when the market takes a dump.

[pelumi20]

The cause of the recent selloff in my view started with the removal of south Korean exchanges from the coinmarketcap, this showed reduction in the   total coinmarketcap by almost $100billion.
By default pple will tend to sell in fear of loosing their money but the real bomb exploded when news broke that China is preparing to block local Internet users from accesing international exchanges in a stance against crypto

[Irkytsk38rus]

Not a simple situation for investors, the main thing is not to panic, there is no one growth without correction, you need to wait calmly

[ashmodeus]

maybe because korean ban crypto currency
i hear that a few days ago
and as far i know from news South Korea is a hotbed for bitcoin and other cryptocurrencies, and accounts for an estimated 20% of global bitcoin transactions
 that why price down quickly.

News

[ice098]

This situation has been brewing for a very long time, after such super pumping a super correction was to occur, China and Korea only became the last point. At the moment, the situation on the market is similar to panic, people who invested their money in the crypto currency without knowledge of the market are now selling, I think this is the most wrong step, the market will quickly return some of the lost, but to the maximum values I think will return in the summer, so we wait and continue to work, no China or Korea is no longer capable of killing the world of crypto.

I don't gets also why all coins are dropping, but i think it is because of the wrong news or the misunderstanding of some people about crypto, so that its affect the growth of altcoin and the the happening right this moment is because of wrong news, but even there's a dropping right now, you must be calm and don't panic, be patient, wait and earn.

[hesham51]

As I think that due to some goverments have started aware of Bitcoin and others altcoin because people start to withdraw their fiat money from banks and start investing in BTC, so the goverments started to fight BTC & altcoins.
As I guess

[Igromania]

This situation has been brewing for a very long time, after such super pumping a super correction was to occur, China and Korea only became the last point. At the moment, the situation on the market is similar to panic, people who invested their money in the crypto currency without knowledge of the market are now selling, I think this is the most wrong step, the market will quickly return some of the lost, but to the maximum values I think will return in the summer, so we wait and continue to work, no China or Korea is no longer capable of killing the world of crypto.

I don't gets also why all coins are dropping, but i think it is because of the wrong news or the misunderstanding of some people about crypto, so that its affect the growth of altcoin and the the happening right this moment is because of wrong news, but even there's a dropping right now, you must be calm and don't panic, be patient, wait and earn.

Correctly, the price falls on the background of bad news, and it seems to me that this was done specifically for the collapse of the market and the purchase of tokens in large quantities at a low price.

[XCANA]

any body know the reason for current drop?

The recent decline of bitxoin could be attributed to FUD by the North Korea government on some major crypto currency exchange in addition with the mainstream news has course serious panic for those who cannot remain steadfast in a time like this are all responsible for the current decline. Although the has started gathering momentum for the next move to the moon.

[Hammerman]

Chinese investors have a very strong influence on the crypto market. Yesterday we received bad news. If the government of China prohibits crypto, then we will see another fall. But this market is very cyclical. It takes a little time, that everything would fall into place. The government of Korea wanted to impose a ban, but refused. I hope that in this case everything will be ok.

[rodmanqs]

The market has lost twice. We return to the price level of the end of November. Corrections to these indicators, many predicted at the end of December. Imagine that there was no December take-off at all, so it will be easier. Now the market is flying down purely due to panic. This is good, nervous in the crypt there is nothing to do.

[thycrypto]

FUD has caused the market to correct and create a major drop in market cap amount. Everyone had panic and sold even at a loss which I do not understand. I do think that it will go up but so many people freaked out that they sold what they had. It will get back with time, it is healthy for the market for corrections.

[Sahabat_]

all coins are currently undergoing a massive decline but that will not make cryptocurrency disappear but just like a temporary storm because we've been through events like this happening like China's banning and now China is back again to ban cryptocurrency

[JandillySchweppes]

was it a good idea to sell all my ripple for neo?

[dificanovi]

any body know the reason for current drop?

Cryptocurrecies has some bad news from china and korea

Link
https://www.ccn.com/bitcoin-price-tumbles-chinas-central-bank-tightens-noose-cryptocurrency-traders/
https://ibsintelligence.com/ibs-journal/ibs-news/south-korea-denies-crypto-ban-china-tightens-grip-off-grid-traders/

I think this is because China and Korea forbid bitcoin in their country to impact the price of all coins. like never before but you do not have to worry about this happening just for a while just will not last long.