Can someone explain me why all of them are going down?

[jk9694]

I think that all people without exception still do not understand why they need crypto currency, so they watch what happens to bitcoin ..

[lovemsngr]

Coins seem to be independent of each other, but in fact all the investors are unified by one large cryptocommunity, and when people are afraid for their money they begin to totally spill the coins and this as an avalanche covers the entire market

[jinksters09]

There are lots of factkrs we can consider the continous declining of the cryptocurrency coins; one is that the issue concerning in India country which is causing an uncertainty to a lot of people making them believe that crytocurrency coins are really scammed. Also, the other one is Facebook and Instagram banned cryto coins advertisements in their websites which is preventing other Facebook users getting aware of it.

[think0rick0]

Many argue that because of the Chinese New Year and there is a tradition to give money or can be called angpao, it resulted in some yesterday correction and decreased increase due to panic sell from some users or often said domino effect, that conclusion from some information I got.
 

[Ninja Sword]

One point I would like to emphasize is that the whole market depends on Bitcoin, the entire security of the market depends on Bitcoin can observe, on top of that we can conclude that however much an altcoin and of sufficient quality it has always depend of pioneer.

[Bezobraznike]

   Many answers, but I can not say that any of them satisfied
my curiosity. Some of the comments are good, and I had similar
thoughts.
   Black Tuesday was the first time I saw markets are doing this.
But now everything happened again in the same manner. That is
not normal.
   Market cap in this moment is $415 B. Is it possible that people
in coordination with each other cashed out more then $100B in
just one day?

[lendahawkins]

   How it is possible for all of them to go down? I can not find logical
answer. If they are have different chains, different communities, what
is happening for second that that can affect all the markets and all the
coins, what is that strong?
   If you do not have a clue, please restrain yourself from commenting.
I would like to see and read answers from people who might know
something more, thanks in advance.

First because many government regulation that against bitcoin.
2. Because china banned bitcoin in there also the transaction in their country.
3. Many news about bitcoin that it was a bubble that will burst anytime
4. Indian government banned bitcoin and the transaction in there.
5. Japan coin exchange have stolen by hacker
6. Facebook banned advertising bitcoin in there.

Wish the market could back to normal even there is a lot of bad sentiment im bitcoin😶

[totnaksquad]

   How it is possible for all of them to go down? I can not find logical
answer. If they are have different chains, different communities, what
is happening for second that that can affect all the markets and all the
coins, what is that strong?
   If you do not have a clue, please restrain yourself from commenting.
I would like to see and read answers from people who might know
something more, thanks in advance.

All the altcoins are just reacting to what bitcoin's movement,for example bitcoin goes up or down surely these altcoins will go dump,and the only time these shitcoins grows is when bitcoin stabilized or goes sideways,thats the fact and most of the time thats what happens when Bitcoin's move plus FUDs are the main factor why bitcoin is dumping most of the weak hands are panic selling while they shouldnt be doing that,because this is how the whales play.

[trudovik]

I think that very few people know what really happens with bitcoin and the market. Because most people just have some thoughts on this, but no one can say for sure. I think that this whole thing is connected with the fact that many countries are trying to prohibit the use of bitcoin. But they will not succeed

[maverickasf]

I think that very few people know what really happens with bitcoin and the market. Because most people just have some thoughts on this, but no one can say for sure. I think that this whole thing is connected with the fact that many countries are trying to prohibit the use of bitcoin. But they will not succeed

who knows, what if this is the end?) or maybe a new round and soon there will be a new explosion of the market. but as they say "to dream is not harmful"

[DrBitcoin]

   How it is possible for all of them to go down? I can not find logical
answer. If they are have different chains, different communities, what
is happening for second that that can affect all the markets and all the
coins, what is that strong?
   If you do not have a clue, please restrain yourself from commenting.
I would like to see and read answers from people who might know
something more, thanks in advance.

I think this may be the easiest question ever to answer. Just look at what happened to bitcoin in November and December. It had unsustainable parabolic growth. Too many new, uninformed investors came in to make a quick buck. The system got overloaded, throw in tons of negative news stories about regulation, etc...and these newbies fled like rats on a sinking ship. Veteran Whales didn’t want to see their unrealized gains evaporate, so they moved their money into tether or USD. The Sell orders overtook the Buy orders massively...and it tanked.

Am I talking about 2014? Or 2018? It’s hard to say because this is the same exact situation just with a lot more “000s.” Nobody can predict the future...but my guess is everything recovers eventually. If history repeats itself we may be looking at 2-3 years. Anybody’s guess.

[VenturaBro]

The important question is though is when are they going to start going up?

Many people think it'll take at least a month or two.

[DrBitcoin]

The important question is though is when are they going to start going up?

Many people think it'll take at least a month or two.

Only intelligent answer: No One Knows.

[AravinthP]

The only answer which makes sense to me there is no way to justify the valuations of the coins. If we take a stock for example we have refined a way to device a relative strategy to evaluate the valuations. Till the time we have one like that for cryptos its pure emotion that will drive this market. Its not only crypto its the equity market as well which is free falling of late

[Haunebu]

  How it is possible for all of them to go down? I can not find logical
answer. If they are have different chains, different communities, what
is happening for second that that can affect all the markets and all the
coins, what is that strong?
   If you do not have a clue, please restrain yourself from commenting.
I would like to see and read answers from people who might know
something more, thanks in advance.

I think this may be the easiest question ever to answer. Just look at what happened to bitcoin in November and December. It had unsustainable parabolic growth. Too many new, uninformed investors came in to make a quick buck. The system got overloaded, throw in tons of negative news stories about regulation, etc...and these newbies fled like rats on a sinking ship. Veteran Whales didn’t want to see their unrealized gains evaporate, so they moved their money into tether or USD. The Sell orders overtook the Buy orders massively...and it tanked.

Am I talking about 2014? Or 2018? It’s hard to say because this is the same exact situation just with a lot more “000s.” Nobody can predict the future...but my guess is everything recovers eventually. If history repeats itself we may be looking at 2-3 years. Anybody’s guess.

Well said. I highly doubt that it will take 2-3 years for the market to recover based on past history since I am very confident that bitcoin and the entire crypto market will recover in the coming few months and I also believe that Bitcoin will touch $40,000 by the end of this year. The integration of the Lightning Network and the mass adoption of segwit wallets will most likely help Bitcoin and the entire crypto market recover in the near future. Personally, I have already made the switch to segwit and it has been a good experience and I recommend the Green address wallet.

[AravinthP]

Wow! $40,000 seems too far fetched from current levels. Scaling and the internal tussles within the team got to be addressed for bitcoin to reach there i believe

   How it is possible for all of them to go down? I can not find logical
answer. If they are have different chains, different communities, what
is happening for second that that can affect all the markets and all the
coins, what is that strong?
   If you do not have a clue, please restrain yourself from commenting.
I would like to see and read answers from people who might know
something more, thanks in advance.

I think this may be the easiest question ever to answer. Just look at what happened to bitcoin in November and December. It had unsustainable parabolic growth. Too many new, uninformed investors came in to make a quick buck. The system got overloaded, throw in tons of negative news stories about regulation, etc...and these newbies fled like rats on a sinking ship. Veteran Whales didn’t want to see their unrealized gains evaporate, so they moved their money into tether or USD. The Sell orders overtook the Buy orders massively...and it tanked.

Am I talking about 2014? Or 2018? It’s hard to say because this is the same exact situation just with a lot more “000s.” Nobody can predict the future...but my guess is everything recovers eventually. If history repeats itself we may be looking at 2-3 years. Anybody’s guess.

Well said. I highly doubt that it will take 2-3 years for the market to recover based on past history since I am very confident that bitcoin and the entire crypto market will recover in the coming few months and I also believe that Bitcoin will touch $40,000 by the end of this year. The integration of the Lightning Network and the mass adoption of segwit wallets will most likely help Bitcoin and the entire crypto market recover in the near future.

[steins19]

The reasons why the market is down is because of personal interest. The government became interested in crypto like what happen in korera. Next is when gb bans ads about crypto. Which is to prevent people from getting scammed. But the real reason is that the founder of fb wants his own coin.

[CurrencyMaster]

did u see a thread when coins where going down? nope.. because all wer eagerly watching till where everything will be going.. all starred like there is no tomorrow.. but suudenly when it happened all started panicking..

wen there is a growth upwards there definitely is a growth downwards as well...

the king of all currency bitcoin itself showed us that by ging till 20000$ and coming to 7000$

so dont expect everything will jus go straight up.. its must to have drops also

[maarx]

   How it is possible for all of them to go down? I can not find logical
answer. If they are have different chains, different communities, what
is happening for second that that can affect all the markets and all the
coins, what is that strong?
   If you do not have a clue, please restrain yourself from commenting.
I would like to see and read answers from people who might know
something more, thanks in advance.

I think this may be the easiest question ever to answer. Just look at what happened to bitcoin in November and December. It had unsustainable parabolic growth. Too many new, uninformed investors came in to make a quick buck. The system got overloaded, throw in tons of negative news stories about regulation, etc...and these newbies fled like rats on a sinking ship. Veteran Whales didn’t want to see their unrealized gains evaporate, so they moved their money into tether or USD. The Sell orders overtook the Buy orders massively...and it tanked.

Am I talking about 2014? Or 2018? It’s hard to say because this is the same exact situation just with a lot more “000s.” Nobody can predict the future...but my guess is everything recovers eventually. If history repeats itself we may be looking at 2-3 years. Anybody’s guess.

Well said. I highly doubt that it will take 2-3 years for the market to recover based on past history since I am very confident that bitcoin and the entire crypto market will recover in the coming few months and I also believe that Bitcoin will touch $40,000 by the end of this year. The integration of the Lightning Network and the mass adoption of segwit wallets will most likely help Bitcoin and the entire crypto market recover in the near future.

The growth trend assures a huge pump after such huge correction as per coinmarketcap.com. we had the same issue in 2015 where the correction last for more than 400 days plus loosing $1100 and you know it stared again from scratch and in less than 300 days,  bitcoin value has gone to $2500k plus. So never waste time in selling out when such corrections occur.  Try investing in more and utilize this situation to gather more crypto coins including bitcoin.

[ocid]

   How it is possible for all of them to go down? I can not find logical
answer. If they are have different chains, different communities, what
is happening for second that that can affect all the markets and all the
coins, what is that strong?
   If you do not have a clue, please restrain yourself from commenting.
I would like to see and read answers from people who might know
something more, thanks in advance.

indeed I think this will cause panic in some people who still hold crypto until now because the price decline looks very soluble. but I am still optimistic that price movements will return to normal even will have a marked price increase so stay calm in the face of the current market situation. and it is only a matter of time for the survivors to hold crypto to this day while waiting for the most favorable moment.