FreezerKarl (OP)
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January 26, 2018, 12:02:07 PM |
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Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
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3DBrushes
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January 26, 2018, 12:09:36 PM |
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Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
There are many reasons like: 1. December was the pump month for whole Crypto. 2 BTC futures are about to expire this month, I don't know how exactly this influences but shorters are gonna win this season. 3. China and Korea regulatory FUD.
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cynical
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January 26, 2018, 12:23:00 PM |
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Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
There are many reasons like: 1. December was the pump month for whole Crypto. 2 BTC futures are about to expire this month, I don't know how exactly this influences but shorters are gonna win this season. 3. China and Korea regulatory FUD. three relevant points above. December shows now that the market was in fact over inflated with new people buying into the bitcoin train which seemed like it wasnt going to stop. The fake news about south korea was a real blow to crypto. Dont know about the futures either. But dont worry, the markets will expand again, there was too much unnecessary panic in January ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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zhekinsp
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January 26, 2018, 01:00:41 PM |
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Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
The only reason panic among the crypto currency user or holders which was created by the news of banning crypto currency in China and South Korea.Now the market is recovering slowly but I think it needs atleast three months,maybe we can see the normal crypto charts after first quarte of 2018.
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JimmieA
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January 26, 2018, 01:11:44 PM |
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Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
You feel the price of crypto is going down because it is lower than at the end of 2017 but if compared to the same time last year, everything will be different. In addition, at the beginning of the year, the needs for selling will be higher than buying so the price will increase. In particular, some countries have issued adverse regulations on the crypto market, such as Korea. This has the greatest impact on the price of crypto.
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machinek20
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January 26, 2018, 01:15:54 PM |
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Crypto value will never be stable, and this time the volatility is caused by the uprising in recent few months, and since that time many investors has put thier money in crypto and got so many profit, that is why there are so many pump and dumps now, the investors want to repeat the scene on December to gain a lot of profit
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arwin100
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January 26, 2018, 01:44:50 PM |
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Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
There are many reasons like: 1. December was the pump month for whole Crypto. 2 BTC futures are about to expire this month, I don't know how exactly this influences but shorters are gonna win this season. 3. China and Korea regulatory FUD. Those 3 particulars are one of the biggest reason on why we can see some down trend right now and it really hurt the market badly since it creates huge panic to the people who owns some crypto's. But let's expect that their are big events come with bitcoins so that the positive mindset will cameback on it and we maybe see some slow growth of bitcoins by the time all things are settled in regards on china and korea's fud.
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MissionPhailed
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January 26, 2018, 01:52:03 PM |
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Crypto value will never be stable, and this time the volatility is caused by the uprising in recent few months, and since that time many investors has put thier money in crypto and got so many profit, that is why there are so many pump and dumps now, the investors want to repeat the scene on December to gain a lot of profit
Yep. As long as the cryptomarket is being dominated by speculators, those huge ups and downs are gonna stay. I'm sure 99% of those involved in cryptocurrencies are 'here' to make more fiat money. When crypto gains a stable foothold as a form of currency itself, things will probably smooth out. This could still be years away however. Perhaps it even never happens!
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Zadicar
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January 26, 2018, 02:04:16 PM |
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Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
Cryptomarket never been stable ever since which its always been volatile no matter what but these kind of movements is common when you do look out the chart which January is the month on where coin prices do really dump down. Lots of events been affecting bitcoins price too. Regulation, FUDS and any other common reason this is why prices do changes from time to time.The more important thing is that you should really not panic specially when you are holding alts or even bitcoin itself.
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Borisb52
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January 26, 2018, 02:23:13 PM |
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Everything is very simple. Now the market is on correction after a long growth in autumn and winter of last year. Therefore, we are now seeing such a picture with prices. Constant growth does not happen. In the market, everything is cyclical: growth - fall (correction) - growth and so on.
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DaMut
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January 26, 2018, 02:39:16 PM |
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Push = Pressure.
It's a cycle, Everything need to stabilize itself before make another decision and to load it up to gain a profit. If Bitcoin keep moving upward without a correction, What is the point of trade ? They need to maintain its equilibrium in order to get profit from it.
No matter what we're facing right now, (FUD,news or even some good news later on) It won't change the fact that we're exhausting ourself to push it to this point.
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SrEasts
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January 26, 2018, 03:08:50 PM |
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One reason is all these FUD coming from Asia, first china wanting to ban bitcoin, then South Kores supposedly wanted to stop the crypto currency trading etc... On top of that rumours say that because futures are coming to an end today, they pump'd bitcoin in december so they could short it from then until today and make tons of profit... Let's see what happens from today on after the CME contracts expire.
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Dudeperfect
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January 26, 2018, 03:28:23 PM |
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As you must be aware of the price rally that we experience in last quarter of the previous year, there were some traders booked their profit when Bitcoin reached a high level and as a result, the price fell down. Now at this stage, there are many investors who are willing to buy at this level and on the other hand, some investors are liquidating their funds, so this is a transformative phase and I am expecting this chaotic environment to remain like this for next 2 months. Then after the first quarter of this year, we will see a sustainable increase in the price and there might be a fresh all-time high level in this year itself. So I don't think there is anything to worry about current volatility, it is extremely normal.
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Chrystora123
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January 26, 2018, 03:32:29 PM |
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the answer is very simple that is "Market Trend", when looking at the price down then the traders immediately sell it instead of analyzing first they think it will be down because there are still many who just become market followers.
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gribble
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January 26, 2018, 03:37:13 PM |
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Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
The price of cryptocurrencies down trend i think it due to the correction of the price especially for the price of bitcoin and it will be followed by almost all of alternative coins, usually it will be more rise if the markets are strong and many people who addopt the bitcoin on their real life and business. So don't be panic selling due to the price will be back again don't missed buy the digital coins in discount almost 50% today and holding them. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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BrewMaster
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January 26, 2018, 03:49:43 PM |
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any market that keeps going up for a prolonged time needs to have some downtime to slow down and in one word to Correct. and that is what's happening right now. the correction of a market that grew too big and too fast. as far as bitcoin price goes i say it is dropping more than it should because of FUD and mainly the weird expectations that people have. like the fact that they expected a big drop because of futures contracts,... and as far as altcoins go, they have always been like this. they have these cycles then they get pumped for a while then continuously drop until they reach the bottom and then work their way back up again to restart the cycle.
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There is a FOMO brewing...
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cicciobtc
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January 26, 2018, 03:54:18 PM |
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Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
There are many reasons like: 1. December was the pump month for whole Crypto. 2 BTC futures are about to expire this month, I don't know how exactly this influences but shorters are gonna win this season. 3. China and Korea regulatory FUD. yes, these are aspects that may have affected the January dump. But volatility seems almost an intrinsic feature of the crypto! Those with a bit of experience in this world know very well that this is normal and happens cyclically. I am convinced that the BTC will come back up, don’t panic!
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achsan fauzy
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January 26, 2018, 04:25:22 PM |
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do not panic too much with the decrease in the price of cryptocurrency. I think it's a natural thing, and it always happens at the beginning of the year. keep hold your coin, and do not "panic selling".
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South Park
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January 26, 2018, 06:39:57 PM |
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Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
There are some reasons but the most simple is that we could not keep this growth forever, at some point the price needed to go down, however there are many reasons for that, the network is very slow despite the activation of segwit, this makes some people desperate for solutions and FUD begins to spread and this makes the price to go lower, regulation is coming from all places and neither anonymity coins or decentralized exchanges are able to help with the problem.
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Mister1k
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January 26, 2018, 06:49:06 PM |
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Since January seems cryptocurrency market seems down I do not understand why? what's going on now?
There are many reasons like: 1. December was the pump month for whole Crypto. 2 BTC futures are about to expire this month, I don't know how exactly this influences but shorters are gonna win this season. 3. China and Korea regulatory FUD. Now Korean government accepts the registered traders to do the trading without any trouble. Now they set back to recover in the price chart. There are some adaption upcoming in the blockchain investments. That will also helps us. I would add some more reason here, Scandinavian banks banning the users of cryptos from their company, trading and mining projects migration from China to Japan. Most important one is In end of 2k17 Hackers stolen the 14% percent of the total volume on bitcoin and ethereum
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