The market fell sharply, what is going on?

[dothebeats]

Might get under $7500 before we get some gains by the end of February or after the market had finished removing the weak hands from the scene. Same scenario every year, though the presence of a bearish pennant in recent graphs suggest that the momentum of the bulls have finally died out and it's the bears' turn to rule. Some analyses suggest that the bottom will be called out @ $4000, and that is where most of the support are stationed at.  If the bears managed to break down that level, $3500 would be a good baseline before the market aims for another insane rally.

Moreover, this time, Wall Street is manipulating the market heavily. Goldman Sachs will get in altcoin trading in may and hedge funds are bullish on crytpos. 2018 will become the best year for cryptocurrencies without any doubt. This is just the patience game going on and panic sellers are getting ruined.

Goldman Sachs has already denied that they'd start on altcoin trading, but said that they're invested in a certain cryptoexchange.

[Kynner]

The market is falling sharply, I see signs of not healing, capitalization is withdrawn, should I continue to buy in the top 10 coin or should I pin down USDT and wait for new move? 

I just entered the market, my teacher told not to be ordered, when the market back to be placed orders, you see?

[MasterMoney]

The market is falling sharply, I see signs of not healing, capitalization is withdrawn, should I continue to buy in the top 10 coin or should I pin down USDT and wait for new move? 

Just hold on. There are lots of FUDS everywhere which do make this market down and we cant really avoid that emotion would really be on here and investors would normally panic on these kind of situations which it do possibly add up the bearish trend on whats happening as of now. Market crashes do happen which we should really not be surprised of . It might even go lower on 7k on bitcoins price and even those top 10 altcoins would really dip too.

Top coin is falling sharply, people are panicking, I'm firmly holding back although the account has dropped by almost half. The best way is to turn off the computer and go out to the playground.

[MasterMoney]

The market is falling sharply, I see signs of not healing, capitalization is withdrawn, should I continue to buy in the top 10 coin or should I pin down USDT and wait for new move? 

The FUD created by the Indian government is going on right now. The market which was already hit by a bearish trap has now been hit by another FUD. People from India are worried about the legal aspects of bitcoin. Even though the finance minister hasn't banned it as of yet but there is strong criticism being done by the government towards all forms of cryptocurrencies. The announcement have made the Indian market down by around 20% today.

The reason is that, therefore, i hope the market will return to the previous time.

[Slark]

As some of you said, this is another iteration of the same scheme we've seen so many times over and over again.
The negative news will circle around and effectively undermine the faith of people in cryptocurrency.
This is nothing new and all we need is patience and time, bitcoin will reach $20k again this year.

[cicciobtc]

The market is falling sharply, I see signs of not healing, capitalization is withdrawn, should I continue to buy in the top 10 coin or should I pin down USDT and wait for new move? 

the history of cryptocurrencies is full of moments of strong pump and as many dump, so you just have to be patient and calm and wait for the market to grow again.
Perhaps now is the best time to invest obviously everyone must invest only what is willing to lose.

[Jating]

As some of you said, this is another iteration of the same scheme we've seen so many times over and over again.
The negative news will circle around and effectively undermine the faith of people in cryptocurrency.
This is nothing new and all we need is patience and time, bitcoin will reach $20k again this year.

Yes, this is a vicious cycle that we are seeing again. Prices go up and down momentarily. That's how this market works. The only thing is that you should not be worry because everything can be recovered. We have seen how crypto started from nothing to almost $1T marketcap. Patience and holding is the key here.

The market is falling sharply, I see signs of not healing, capitalization is withdrawn, should I continue to buy in the top 10 coin or should I pin down USDT and wait for new move? 

the history of cryptocurrencies is full of moments of strong pump and as many dump, so you just have to be patient and calm and wait for the market to grow again.
Perhaps now is the best time to invest obviously everyone must invest only what is willing to lose.

Yes. Golden moments for all of us to really enter the market. All of them are in a bargain. My portfolio is already full. But I'm thinking of adding more if the price still goes down in the next couple of days.

[Tynovten_]

This news is still warm and it all leads to the reason in India about the minister of finance that forbid the crypto transaction, but honestly there are many other factors. Or price re-up from the previous which has risen unnaturally.

[MasterMoney]

As some of you said, this is another iteration of the same scheme we've seen so many times over and over again.
The negative news will circle around and effectively undermine the faith of people in cryptocurrency.
This is nothing new and all we need is patience and time, bitcoin will reach $20k again this year.

$20,000 is not the threshold that people and I hope, hoping its value will be even higher, for example, set a new milestone of $40,000.

[MasterMoney]

This news is still warm and it all leads to the reason in India about the minister of finance that forbid the crypto transaction, but honestly there are many other factors. Or price re-up from the previous which has risen unnaturally.

I just hope the market will recover soon, if at all this will all degrade because people are bewildered.

[poplolnman]

I wouldn't want to stay in USDT right now given everything that is on going and that is the reason for all this nasty swings it is the FUD, FUD and more FUD. Now of it really should make the market move this much but the fact the media keeps pounding it down our throats, I think some investors get scared off by this. Hoping things will revert back after the Chinese New Years here.

A good amount of correction has already happened and now due to media wrong interpret it is killing the pace which bitcoin should be rising. It is creating a panic among all and thus people are even selling in high losses which is kind of really killing them self. Holding for some time for now will make things more better and also will get the good uprise in Feb itself.

Perhaps this is the battle of information, many bad guys are drowning the market by gossiping false and untrue, it is difficult to select news and be sure HOLD.

Yeah just hold, it might take a long long time to bounce back or even for just recovering to the current all time high but it's sure in the future your holding would worth. Do it by now as long as you can afford to lose what you've invested in bitcoin, the whales are on the game now.

[eleonor]

The market is falling sharply, I see signs of not healing, capitalization is withdrawn, should I continue to buy in the top 10 coin or should I pin down USDT and wait for new move? 

If I were you and I have funds, Ill keep buying because the dump tat currently happening is a good chance for buying more coins to hodl, unfortunately I had already put my max funds into various coins before dump happen and currently in huge loss so what I can only do by now is wait for the dump to gone and alts to recover.

[hisuka]

The market is falling sharply, I see signs of not healing, capitalization is withdrawn, should I continue to buy in the top 10 coin or should I pin down USDT and wait for new move?  

I'm new to the market, but the market is going down too, I'm so nervous, what do I do?

Just keep calm for a while, please be note that market is very fluctuating. We can see a lot of coins dropping down these days. Price decline and we cant tell when it will lasts to drops. But in this market we have to make a decisions to grow our money so holding is the best.

[arpon11]

It's the nature of the market.

Buy now or regret later.
Best technical analysis from r/Bitcoin all year.
#bitcoin #cryptocurrency

https:/[Suspicious link removed]/iOy1wEFBAX

Seems you are the Newbie like me? Why do you assert so sure?

Be a newbie do not mean this is the first time he or she is hearing about cryptocurrency. Many people hear that are legendary or hero on this forum do not know mush about trading and we have many newbie that have posted  here very useful information about price movement and when to buy or sell.
We can actually see that price is falling today because of the ways the news about India government trying to attack those using cryptocurrencies for an illegal means.  The price has dropped seriously and now provide the best opportunity to buy bitcoin and all others coins at a very low price and you will make serious profit in future.

[Svelto]

The fuds have been going on for awhile. No one knows when will market recover. If you sell now, you might miss out when the market recover and coins start to pump. For me, I prefer to hold my coins and forget about it.

[Wipro]

The fuds have been going on for awhile. No one knows when will market recover. If you sell now, you might miss out when the market recover and coins start to pump. For me, I prefer to hold my coins and forget about it.

You do not need to worry about the price recovering it already starts its bumping. This time bitcoin price takes charge to 10k in some days and after some weeks again it reached its original value 15k soon.
this time bitcoin price grows strongly without disturbance from the new fork or anything. That is what I expected this time buddy.

[cicciobtc]

As some of you said, this is another iteration of the same scheme we've seen so many times over and over again.
The negative news will circle around and effectively undermine the faith of people in cryptocurrency.
This is nothing new and all we need is patience and time, bitcoin will reach $20k again this year.

Yes, this is a vicious cycle that we are seeing again. Prices go up and down momentarily. That's how this market works. The only thing is that you should not be worry because everything can be recovered. We have seen how crypto started from nothing to almost $1T marketcap. Patience and holding is the key here.

The market is falling sharply, I see signs of not healing, capitalization is withdrawn, should I continue to buy in the top 10 coin or should I pin down USDT and wait for new move? 

the history of cryptocurrencies is full of moments of strong pump and as many dump, so you just have to be patient and calm and wait for the market to grow again.
Perhaps now is the best time to invest obviously everyone must invest only what is willing to lose.

Yes. Golden moments for all of us to really enter the market. All of them are in a bargain. My portfolio is already full. But I'm thinking of adding more if the price still goes down in the next couple of days.

Yes, now it can really be an interesting moment to invest and accumulate other criptocurrencies, or for those who have nothing to enter the market.
Only a month ago we were close to 20k and now we are under 10k, it would be a shame to miss this train!.

[seizetehday5]

Wouldn't hop into Tether but that is just me, buying whatever you can during this bloody dip will be good because most things will rebound solidly. That is why the famous saying goes buy the blood in the streets, even if the blood is yours!

[Photographer]

Goldman Sachs will get in altcoin trading in may and hedge funds are bullish on crytpos.

Do you have any sources for this claim? This would indeed be a game changer, even though not very clear what would happen next...

[bodimun2]

countries banning bitcoin making the market fall.