Why all cryptocurrency are down today..?

[Reok_timur]

what causes the descent of all cryptocurrency?
Is it because a lot of new coins are coming up, or what?
 

[Stronkcarry]

just like every product, it's about supply and demand

so i guess the demand went down or the supply went up
easy

[ilnick]

All investors are looking at bitcoin.
Coins that are not even related to bitcoin have the same reaction. This is a general negative news background.

[Lastsamuraj]

People panic sale ,to get usd out.To late for that i think,when btc will find its bottom,alts should start recovering.Not sure how long it will take.Most of them dipped 50-60 percent.

[masterzino]

what causes the descent of all cryptocurrency?
Is it because a lot of new coins are coming up, or what?
 

There are already few topics on the subject.

The main reason is that India banned all Cryto Currencies and their usage on Indian territory. Bitcoin was popular there due corruption and other factors.

[7Seas]

The main reason is that India banned all Cryto Currencies and their usage on Indian territory. Bitcoin was popular there due corruption and other factors.

India has banned the illegitimate use of Bitcoin and has stated that their stance is that Bitcoin is not legal tender.

Banned is overblown.

Tether and Bitfinex subpoenaed by the US a month ago news got recycled and hit yesterday which was worse than news from low volume India.

[swami84]

The main reason is that India banned all Cryto Currencies and their usage on Indian territory. Bitcoin was popular there due corruption and other factors.

India has banned the illegitimate use of Bitcoin and has stated that their stance is that Bitcoin is not legal tender.

Banned is overblown.

Tether and Bitfinex subpoenaed by the US a month ago news got recycled and hit yesterday which was worse than news from low volume India.

Thank you. I can't believe how many of the investors just read the headlines and nothing further.

INDIA DID NOT BAN CRYPTOCURRENCY!!!!

[alani123]

A bearwhale kickcstarted a market-wide sell-off. I think that the sentiment was laready down from the past months so it's not hard to kickstart such. People are afraid of the economy collapsing further so we're now seing massive withdrawal from the crypto economy. Exchanges are still getting large volumes though so it's apparent that the price doesn't matter this time around.

[damberg]

The main reason is that India banned all Cryto Currencies and their usage on Indian territory. Bitcoin was popular there due corruption and other factors.

India has banned the illegitimate use of Bitcoin and has stated that their stance is that Bitcoin is not legal tender.

Banned is overblown.

Tether and Bitfinex subpoenaed by the US a month ago news got recycled and hit yesterday which was worse than news from low volume India.

Indeed, the statement was twisted and exaggerated by the media. Banning is not wide-spread, it would only apply to illegal transactions. Cointelegraph wrote a good article about it - https://cointelegraph.com/news/india-bitcoin-prices-drop-as-media-misinterprets-govts-regulation-speech

[bitcoinmuseum]

It would be wrong to make a generalization that the market will always be green. if you examine the graphics in general, this time of year has always been the same situation

[turbulence]

everybody moving their funds into petro i'm afraid

[Freddoe]

everybody moving their funds into petro i'm afraid

Yes I know. Did you buy the ICO aswell? Just wait til its on coinmarketcap...

[ETCethereum]

because bitcoin price crash this meadn down price
every bitcoin down price all altcoin can follow down price too

i think only much bad news to bitcoin down price

[Yakult]

Nothing new on this situation, it will always happen after the prosper of crypto. Last year a lot of people buying coins because of increasing value.But then when they saw a fall down they panic and sell their coins which cause more inflation. The more quantity left on the market the more it get cheaper. Just wait for the next few months and it will skyrocketed again.

[vanmoreno]

what causes the descent of all cryptocurrency?
Is it because a lot of new coins are coming up, or what?
 

because all guys like you and me panic and sell, but good guy watch this moment a great opportunity and big discount to buy more bitcoin and altcoin..

[adroitful_one]

what causes the descent of all cryptocurrency?
Is it because a lot of new coins are coming up, or what?
 

because all guys like you and me panic and sell, but good guy watch this moment a great opportunity and big discount to buy more bitcoin and altcoin..

I always buy during these times. I look at it like the clearance isle at Wal-Mart. If your favorite coin is all of a sudden 50% off, why wouldn't you buy it? Especially if you know it's usually a lot higher than it is now. It will get back to that point eventually.

[MarchToke]

I guess the only reason why crypto currency are falling is that the Demands of supply is decreasing also. And that existence of many coins can affect the Demands of othe coins. Of course If there are many potential coins are coming, the old coins will be left.

[anggriani]

every beginning of the year crypto always experience correction and prices also fall. but because many new users do not know this, they experience panic and sell all of their assets quickly. many of the bad news about crypto in recent weeks is also very influential on this decline.

this is just my opinion.

[svojoe]

All the events at the crypto market are developing according to a well-planned whales' scenario. And if they decided to buy bitcoin for $5000 we must remain calm and wait. Just do not go to the exchange for a few days and don't look at your portfolio not to worry too much about the drawdown. I recommend not to sell your alts/BTC and wait.

[AltPumpParty]

Join Alt Pump Party channel! Pump and hold altcoins for great profit! We have daily pumps and giveaways! Retweet now for your chance to enter in the FIRST DRAWING! .5 LTC to one of first 50 members!

t.me/altpumpparty