Alt coins are in red again ??

[dchanevv]

Buy more / Hodl more.. these are the options u have right now, because when u buy a cryptocurrency  u agree that some of the days your BlockFolio will be in red, CMC too.
Facebook don't agree putting ICO's as advertise. That's bad because some of the directors of Facebook and the CEO of Messenger are holders in CoinBase .. That's really confusing.
And again i think is just a big speculation, because the world see how for less than 1 year much people start leave their jobs & start trading. (that's good, my opinion)
Although the people with more money (i mean the people behind the big sites, who have touched crypto) just provoke the users to sell their bitcoins, because in the end i think they want to shrink list of holders of BTC.

P.S The people who rule the world want to make this BOOM of money stabilized so... just earn money and dump after a profit that suit your life. Then live and spend ur money, because in 2-3 years if the users (here in bitcointalk and others) don't hodl, they will rule once again the money flow.

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[redblock]

Right now, alts price is tied to btc. Btc goes down, alts go with it. As eth and fiat pairs grow in numbers, alts wont go down with btc anymore. Just hold and you'll see green again.

[Wilsonthebitcoiner]

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[guneytasyurek]

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[samanthacrypto]

i think, bitcoin decrease rising, therfore altcoins are decrease sharply.

[Bryan13]

For me, It started on the 17th December 2017 when we saw some single big sell orders hitting the big crypto exchanges which stopped the ongoing all time high rallye. At this time the market was completely overbought and a lot of people took their money into the christmas holidays. The drop today was caused again by Reuters, a big new site, announcing that South Corea will ban all crypto currencies. After this announcement, the South Corean Finance Minister said clearly, that there will be no ban. So just cool down and HOLD for the next "green phase"! But be aware of chinese New Year on the 16th of Feb. 😁

[Melquart]

Cryptocurrencies Market is very sensible to news. Lately, we heard many bad news about exchanges, regulations and countries banning cryptocurrencies that's why the market still red.
I hope we'll recover our losses soon.

[krmd95]

I think it's a impact of ban of crypto trading in south korea and japan exchange hacks. All the bad news create a negative impact on this crypto market. so don't panic it can rise again very soon.  

South korea officially said they have no intention to ban crypto. and japan exchange officially declared that all loses will be reimbursed.
https://www.reuters.com/article/us-southkorea-bitcoin-trading/south-korea-doesnt-intend-to-shut-down-virtual-coin-trading-finance-minister-idUSKBN1FK0NL

You think none of that has anything to do with this?

[LUCKY21]

Now the market is just on the correction. Therefore, we see such low prices. But this is a standard situation. There is no constant growth or a constant drop in prices. The market of crypto currency is cyclical. Now we need to wait until the correction is completed and after that the prices will start rising.

[ichsan ardi]

Anybody would please make comment why alts are decreasing sharply ? It is correction or there is another speculation ?

it can be impact from some activity in south korea, and after that there's correction. its a normal, if we see what market have been red before, it just part of market activity and soon it will be normal again.

[akadiimamontov]

Based on the experience of the past years, this is the absolute natural behavior of the market. After mid-February, he will enter the green zone.

[zanezane]

This is another bloodbath in the market and my portfolio really hurts my eyes from big negative and nobody can't really tell when the bullish trend appear again and so for the meantime just buy some coins to add up and boost your profit.

[amitkumratra]

Ya, it is due to bitcoin is not stable in market & down day by day, and also hears negative news from Asian crypto markets. First South Korea banned anonymous crypto trading. Second china banned initial coin offerings or ICOs for new virtual currencies. And third Indian finance minister stated that they were discontinue all crypto tradings in India. These types of news gave bad impact on market, but for short interval. And again u can see very soon that all coins touches there new high.

[KTPU777]

Now the market is on the correction. So do not worry. After correction, there will be a rise in prices. Although manipulation, too, should not be ruled out. Manipulations are constantly present in the crypt market.

[rajuahmed763]

Now Market is 1 Bitcoin equal To 9291.99 USD. So we see the main/actual cause of alt coin red. Although its not for permanently, it will overcome again. Don't worry, just need for previous situation, it will ok again 

[macchiato]

The recent events may have caused it. First, maybe because of Korea allowing cryptocurrencies but with 24.2% of tax and a trading system that requires real names. And now, India banning cryptocurrencies. Several things have occured in a whole month of January only and maybe, soon, the coins will recover. Let us just wait and see.

[Dakshkapoor]

According to me it is due to the Bitcoin prices. But it is the perfect time for you to buy more altcoins now. You can buy more altcoins now because in coming time it will surely rise. Just don't be panic of fall of prices.

[zoata87]

Welcome to the crypto world, the crypto market is very sensitive to media manipulation. Lately, we have heard a lot of bad news about hacked exchange, Europe talking about crypto regulations, Tether FUD and countries banning cryptocurrencies like Korea and India. Personally, I think it's pretty normal in the crypto world, but we are actors like Korea instead of China, and we also have CNBC talking about Bitcoin every day now.  Just Hodl

[fabskie21]

The recent events may have caused it. First, maybe because of Korea allowing cryptocurrencies but with 24.2% of tax and a trading system that requires real names. And now, India banning cryptocurrencies. Several things have occured in a whole month of January only and maybe, soon, the coins will recover. Let us just wait and see.

Yes, these events have influenced the crypto market creating FUD among hodlers. Many people are into panic selling. Hopefully, in the next months we will see continuous recovery. This is just a similar pattern as before.

[atliens99]

Looks like eth is still holding strong while bitcoin and other other top cryptos are in serious red for the day.