What is the cause of the market downturn?

[HERMESH KAUR]

As far as the matter of transaction activity is concerned, it all depends upon the demand and supply. it seems that market will improve very soon.

[Niflore]

Rumours to ban crypto trading in China and South Korea. Then we have the bitconnect major scam. Moreover, there are a lot of people who bought from very low levels and are staying on huge profits, so when there is a major sell off, some people are capitalising on their gains. Last, but not least some of the major exchanges have currently suspended all new registration, so there is no fresh money coming in.

[ichsan ardi]

Why is there such a downturn in the market? The South Korean market is the cause or the other reason?

if u have follow market 3 or 4 years ago, u will think that its just a normal activity. no need to worry about it. it will be normal and better very soon.

[engin978]

 This is just because of Chinese new year...
they are just realizating their money...
In 1 week 10 days I think we will see green candles...

[Ridwan Fauzi]

Now, I just thinking and feeling like a fool when talking that bitcoin prices down just due to China and Korea will ban bitcoin, which I feel it wouldn't be possible because Bitcoin is not centred by the country. Despite if they will ban bitcoin, they just can be limited to local exchanges only, and that can certainly be overcome by various ways to discover new bitcoin trading. Well, I just think there are manipulators that have a lot of bitcoin and they sell it and buy again when the price low.

[Svelto]

The China and Korea news play a part in this price decrease. The market cap decrease from 800m to 500m. Some people are panic selling, there is scam coin going on. But next month, everyone will forget about what happened and the bull continue.

[MaitoMaito]

The news from China and S.Korean make it happen. Two pillars that can change the crypto a lot.

[randyshan]

well, there was news that want to shut down exchanges in China , but this is usually the actions of men with big money . Who want to purchase BTC lower

Exactly, China already shut down exchanges last year. and also Korea just want Exchanges to do strict KYC procedure. The news are exaggerated too much since the people with big money  want to buy coins as low as possible.

[micloop]

China is burning the world of cryptos and the prices follows it and becomes red like blood. Hope market recover soon and government doesn't suck it all.

[Pom_bensin]

the cause of market downturn is caused by many factors, but now the issue in china has become one of the causes of the decline in prices. but it is normal and going back to the highest level is just waiting for the right time.

[puremage111]

cause alot people don't read, or if they do read, they don't do research and purely believe.

I believe tons of the FUD comes from Korea exchange ban and China Mining Ban.
I believe Korea is not banning any legit exchange but those who did not comply with them.

Next, one of the main reason i believe it drops is because of Price correction. However, i believe its a healthy dip there

[kruzer200]

This panic is mainly due to the Asian market, and it is currently the largest. At this hype you can invest well, do not miss the moment!

[jdbao]

I think it should be the forthcoming policy of the Chinese government that affected the market price.
Never, never ignore China's influence.
But no way, I have a lot of losses, so I had to hold.
Hope it rise up soon.

[GalaxyWorld]

Rumours to ban crypto trading in China and South Korea. Then we have the bitconnect major scam. Moreover, there are a lot of people who bought from very low levels and are staying on huge profits, so when there is a major sell off, some people are capitalising on their gains. Last, but not least some of the major exchanges have currently suspended all new registration, so there is no fresh money coming in.

The bad news from the cryptocurrency market from China and South Korea is puzzling investors who are puzzled by the fact that they have sold their coin at extremely low prices. I believe everything will be stable in the future and your job is to wait for the market to go up. At the moment, it is necessary to study more about this market.

[Moondoggie]

I think it should be the forthcoming policy of the Chinese government that affected the market price.
Never, never ignore China's influence.
But no way, I have a lot of losses, so I had to hold.
Hope it rise up soon.

Seems to be recovering slowly today.

[ertor2]

Seems to me the "scare" has multiple reasons mainly the South Korean and Chinese gov't news as well as a frenzy of sell-off by scared people who did not HODL.

When the market experiences a dip, it get's worse when a good number of people world wide sell in fear.

Things look to be getting back on track now and it will go back slowly to where it was and hopefully grow even higher. The total Market cap will hopefully grow more in 2018.

[Acguy]

It could just been a mixture of FUD, people taking profit, and people cutting losses. People who went into crypto a month ago are still up so they probably didn't care about this drop.

[jiguqtmay511632]

I think part of the reson may be the ban of China on the crypto. Most of the exchange are banned in China. That is part of the reason. I think after a period of time the situation will be better.

[ridgeview123]

I think the reason is beyond our imagination. We can not predict future so just go with the flow. Hold if we bought at high price and just wait for the time to come.

[IndieRepublic]

[/quote]

if u have follow market 3 or 4 years ago, u will think that its just a normal activity. no need to worry about it. it will be normal and better very soon.
[/quote]

Yeah, it'll go back up again. Crypto has a very long way to go before it bottoms out.