guneytasyurek (OP)
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January 30, 2018, 06:13:21 PM |
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Anybody would please make comment why alts are decreasing sharply ? It is correction or there is another speculation ?
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mpufatzis
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January 31, 2018, 08:35:12 AM |
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It could be both but I think that the low prices are because of the changes in the financial laws in South Korea. 70% of the cryptocurrency investors are from Japan and Korea. What is happening there influences the price of cryptos in all the world. The laws that the Korean government issues, could be issued in our countries too and as you probably know trading anonymous in Korea is not possible anymore.
The old financial world is struggling to survive.
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raoul78
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January 31, 2018, 08:38:59 AM |
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Crypto currency reacts pretty hard on any news. If it's bad news it goes down, if it's good news it goes up.
Alt coins are also heavily tied in with BTC. If BTC takes a fall most likely a lot of Alt coins will join the fall.
What I do when the markets are going down is just hodl. Don't panic sell. If I have some BTC left I even try to buy some cheap alt coins.
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Cnut237
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January 31, 2018, 08:43:32 AM |
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There is the news of the Tether/Bitfinex subpoena... although bizarrely Tether seems to be largely unaffected.
There have been a few big drops in the last couple of weeks, for various reasons. However the market is showing (and has been showing) a lot of resilience around the $500 billion mark, so hopefully we won't drop below that.
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GFE
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January 31, 2018, 08:44:55 AM |
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Anybody would please make comment why alts are decreasing sharply ? It is correction or there is another speculation ?
Look at BTC price - it was BTC correction due to news about Bitfinex and Tetcher probably. Usually all altcoins fall down during such BTC corrections (as in BTC as in dollar amount) |
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magle
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January 31, 2018, 08:49:17 AM |
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I think this was expected at least on my end.
Looking at graphs for the last couple of years, it is clear that it drops a lot in January, then go up a little bit, to drop one more time.
We will not see a true bull run until we come into February.
At least that is my take on it.
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dsaijz03
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January 31, 2018, 08:50:35 AM |
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Maybe both, in some sort a correction for sharp increase last month and because of what happen many hunters are double mind regarding slow recovery of coins.
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guneytasyurek (OP)
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January 31, 2018, 08:55:09 AM |
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Thank you guys , it is really bizarre that all alt are connecting to BTC , i m not sure those ups and down good for health  I m not very experince on the crypto world , since november i saw 3 big crash and wondering if it is going to continue on this way ? experts would explain this situation very well .South korea and chine shape coins future and i dont think it is good thing they could manipulate the prices very easily. |
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Ceballos
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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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January 31, 2018, 08:56:37 AM |
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crypto market crash always start with altcoins. This is scary for me.
I am all in to crypto and this will blow up. I hope we are not going under 10k for bitcoin .
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unsquidly
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January 31, 2018, 09:22:01 AM |
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Bitcoin price volatility is very high and fast. bitcoin up and down 1000 Usd to 500 Usd easily. This is big reason Alt coins Not stable and the price is going down.
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bttcoin
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January 31, 2018, 09:25:34 AM |
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I think it is influenced by the policies of all countries, but this is actually good news. The exclusion of timid people and those without technical support is even more beneficial to the entire cryptocurrency world.
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duchaitp
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January 31, 2018, 09:33:42 AM |
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Looking back at history, I find that there are usually red in January. But then the market will green again. Be rest assured and hold.
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mmfiore
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January 31, 2018, 09:35:19 AM |
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The full exlosion that we knew end of last yezr was crazy.
And now marjet is resting before pumping again. The best to do in those times is to be patient and wait for the recovering
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Guryon_master
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Student Coin
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January 31, 2018, 09:38:56 AM |
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Anybody would please make comment why alts are decreasing sharply ? It is correction or there is another speculation ?
In my own opinion bitcoin discover its own weakness and that is by being so much expensive, the more it become expensive it will leads to overthrown investors to altcoins which is far better to make an investment than to bitcoin which has to much in pricing. |
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CryptoBaxing
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January 31, 2018, 09:41:22 AM |
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Anybody would please make comment why alts are decreasing sharply ? It is correction or there is another speculation ?
The end is near, time to sell weak hands. If you are for a long term hold, then forget it about it and check prices again after at least 6 months. |
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kap786
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January 31, 2018, 09:44:34 AM |
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Yes ALT Coins are in red again because of BITCOIN is not stable . Hope When BITCOIN will be stable ALT Coins will be green
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Anne8
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January 31, 2018, 09:46:14 AM |
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Anybody would please make comment why alts are decreasing sharply ? It is correction or there is another speculation ?
I know this correction for sure. In my expectation, i dont hope this is permanent and i also learning from last year experience that altcoin price always have big dip correction like now. So i am not worry at all. |
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chaosagent
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January 31, 2018, 09:49:27 AM |
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As always, when the volatility of bitcoin is too much. I think this is not all, and maybe even more red if bitcoin goes well below 10k
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setifien19
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January 31, 2018, 09:49:30 AM |
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1) It may be an usual correction 2) It may be due to the decreased BTC price , because alts price are depending on BTC's one. 3) News about Bitfinex & Tether subpoenaing may also have an impact on alts prices. |
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dlhylton
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January 31, 2018, 09:53:50 AM |
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It may be because South Korea banned anonymous trading. Traders can no longer trade without a real name account that is linked to a bank. Not all banks are compliant yet, so many people in South Korea can't trade currently. But they will join banks that are compliant and volume will come back to the market soon. South Korea and Japan make up huge volumes of cryptocurrency trades, so they affect the market greatly. The good news is the volume will surely be back. South Korea is just trying to crack down on tax evasion and black market spending.
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