The real reason why the crypto market is crashing

[quickie69]

One word = Korea.

I'm Korean myself and it angers me that Koreans cannot just simpy hodl on to their cryptos but instead they are smashing keyboards, monitors, sinks etc. during the dips and crashes in rage and panic selling with weak hands. The more I research and look into their community forums, the more I see that they're just purely in it for the speculation and quick money jumping in and out of different cryptos. Seriously makes me want to go over there and make a public emergency announcement to just fcuking HODL. Yes, whales and the market manipulation are a problem but tbh, Korea is the bigger problem right now. Add the effects of Chinese new year, and it doesn't make it any better.

[chefbauer]

Korea + China = Cancer of cryptos.

That is the only thing that you can explain, and they are really the cancer of all this recent dip, fud, or  whatever you want. I really hope to see this fud finished in a few days from now, but they want to kill it instead of just making a "huge" sell off.

Korea is the bigger problem right now. Add the effects of Chinese new year, and it doesn't make it any better.

[krm4700]

There is no such thing as me just getting in the way of correction is this normal situation look at the past and you can learn that constantly rising is not true. the sales of the profits become the earnings again

[Poink]

It is not Chinese New Year...it is due payments for all the credit card expenses during the holidays!

[ItsEzMkay]

There is never one reason as to why the markets are crashing but those over inflated prices that were happening the past 6 months or so those did not help the industry that much is for sure. And in any regard a correction is healthy and necessary, embrace it and buy that dip .

[turbulence]

lol i saw that article about the Koreans wrecking things in rage tantrums, crazy

[s1gs3gv]

There are always ups and downs and there are always silly reasons for them.


Don't worry, be happy.

[Darkwin]

The price is not going down anymore, in fact everything is going up again.

But how is the situation going on Korea? Can you please give us some details about how is everything going in there? was it true that they are going to seize almost all the exchanges in there?

[xXLimbXx]

I think its a combination of the FUD spread due to Korea and China news together with market manipulation by the whales. It would explain the ups and downs at the moment.

[coinminter22]

I'm Korean myself and it angers me that Koreans cannot just simpy hodl on to their cryptos but instead they are smashing keyboards, monitors, sinks etc. during the dips and crashes in rage and panic selling with weak hands. The more I research and look into their community forums, the more I see that they're just purely in it for the speculation and quick money jumping in and out of different cryptos. Seriously makes me want to go over there and make a public emergency announcement to just fcuking HODL. Yes, whales and the market manipulation are a problem but tbh, Korea is the bigger problem right now. Add the effects of Chinese new year, and it doesn't make it any better.

KOREA!!!

[aceptamosbitcoin]

One word = Korea.

I'm Korean myself and it angers me that Koreans cannot just simpy hodl on to their cryptos but instead they are smashing keyboards, monitors, sinks etc. during the dips and crashes in rage and panic selling with weak hands. The more I research and look into their community forums, the more I see that they're just purely in it for the speculation and quick money jumping in and out of different cryptos. Seriously makes me want to go over there and make a public emergency announcement to just fcuking HODL. Yes, whales and the market manipulation are a problem but tbh, Korea is the bigger problem right now. Add the effects of Chinese new year, and it doesn't make it any better.

It's not only Korea.

From what I read, China's Central Bank send a note to all trading banks to shutdown ALL crypto-currencies operations immediately.

Both are making a lot of pressure over cryptos and are bad for us.

[vlad06]

One word = Korea.

I'm Korean myself and it angers me that Koreans cannot just simpy hodl on to their cryptos but instead they are smashing keyboards, monitors, sinks etc. during the dips and crashes in rage and panic selling with weak hands. The more I research and look into their community forums, the more I see that they're just purely in it for the speculation and quick money jumping in and out of different cryptos. Seriously makes me want to go over there and make a public emergency announcement to just fcuking HODL. Yes, whales and the market manipulation are a problem but tbh, Korea is the bigger problem right now. Add the effects of Chinese new year, and it doesn't make it any better.

We need to send an invasion army there or something, sort them out and make them hodl.

[d0r10n]

LOL, https://www.businessinsider.com.au/cryptocurrency-traders-in-korea-react-to-bitcoin-bloodbath-2018-1?r=US&IR=T

One of the pictures shows one trader lost 75k USD, I feel bad for him/her, but hey new investors are generally weak hands.

[icalical]

South Kores is one of the biggest cryptomarket, if that thing really happend, so I guess this year will be the worst for crypto. But I don't think it only happened in Korea, since so many negative issues around the world, people start selling their coin,

[ihaveaquestion]

This is false. It has already been clarified that this was just a Tweet that has been publishe in order to create more FUD (just like it is happening right now)

There is no need to worry,there is a lot of fud right now and they are only looking to make us sell all our coins, it is simple.

It's not only Korea.
From what I read, China's Central Bank send a note to all trading banks to shutdown ALL crypto-currencies operation immediately.
Both are making a lot of pressure over cryptos and are bad for us.

[bkbirge]

I'd think the futures market is a big component since they can now short to oblivion.

[aceptamosbitcoin2]

One word = Korea.

I'm Korean myself and it angers me that Koreans cannot just simpy hodl on to their cryptos but instead they are smashing keyboards, monitors, sinks etc. during the dips and crashes in rage and panic selling with weak hands. The more I research and look into their community forums, the more I see that they're just purely in it for the speculation and quick money jumping in and out of different cryptos. Seriously makes me want to go over there and make a public emergency announcement to just fcuking HODL. Yes, whales and the market manipulation are a problem but tbh, Korea is the bigger problem right now. Add the effects of Chinese new year, and it doesn't make it any better.

It's not only Korea.

From what I read, China's Central Bank send a note to all trading banks to shutdown ALL crypto-currencies operations immediately.

Both are making a lot of pressure over cryptos and are bad for us.

The user "aceptamosbitcoin" is using a forum account that does not belong to him. Ignore his messages or sign up because he hacks my account

[penig]

Korea + China = Cancer of cryptos.

That is the only thing that you can explain, and they are really the cancer of all this recent dip, fud, or  whatever you want. I really hope to see this fud finished in a few days from now, but they want to kill it instead of just making a "huge" sell off.

Cancer is very undeserving term.  You overlook that they have created the high prices you enjoy. Take the rough with the smooth.

[Gaaara]

It is not Chinese New Year...it is due payments for all the credit card expenses during the holidays!

Yeah, that is one good reason why cryptos are suffering, too much expenses on a long holiday, but still I wonder why it is staying down and and I don't there is a reason to stay like this for too long.

[apimembership]

I think China miner ban rumor, Korea ban fake news and India ban news affected Bitcoin much. I mean it affected new investors much not Bitcoin itself.