Why do we have a price drop?

[natasha-lev]

Do you have any ideas why do we have such a painful drop in prices? Any solid explanations?
I don't like when people say: "correction". It is a bit more than a simple correction.  Something should stay behind this.
I think about several factors:
- Korean regulations to create transparent market - many people like crypto to be private thing,
- usdt problems and subpoena,
- price drop of btc - it is not a king now and we need another stable coin to make purchases. Drop in btc fears people.

Other things like facebook advertising bans and bans of credit cards for buying crypto shouldn't have massive effect. But for me thiss correction lasts too long. Every next dip surprises me more and more.

[dodgrad]

unfortunately tether is a heavy ball for the entire crypto, you can not withdraw from it now. It must be said that the entire crypto currently stands at usdt, all major exchanges base their trade on it  

[ceyceyki]

In addition to that bad news came from India. A minister in India made a press statement and he said that they will ban cryptocurrencies. But we dont know what is going to happen. The same thing happened in Korea and then they said they will do regulations. Because of weak hands Bitcoin price dropped dramatically. But there were also good news as well. I dont understand how market goes down that much.

[Mrs Troll]

Some more bad news have been just posted, thats why https://bitcointalk.org/index.php?topic=2870758.new

[JavaLove]

Do you have any ideas why do we have such a painful drop in prices? Any solid explanations?
I don't like when people say: "correction". It is a bit more than a simple correction.  Something should stay behind this.
I think about several factors:
- Korean regulations to create transparent market - many people like crypto to be private thing,
- usdt problems and subpoena,
- price drop of btc - it is not a king now and we need another stable coin to make purchases. Drop in btc fears people.

Other things like facebook advertising bans and bans of credit cards for buying crypto shouldn't have massive effect. But for me thiss correction lasts too long. Every next dip surprises me more and more.

I think the most recent and biggest drop is due Indian ban over crypto coins. Their finance minister announced total ban in all areas for all coins.
I hope that we will see a quick recover.

[John Langut]

Governments and banks are not giving up without putting up a fight. A fight they could win with draconic enforcements. The prices you are seeing right now are result of the first moves by the governments and crypto investors doubting they can win the fight.

[Coins_Hiro]

There's been a lot of issues lately that's probably why coins are under a major dip this month. I'm not so sure how it all started as I haven't researched thoroughly how it began but I read something about Tether and Bitfinex, then Indian and South Korean banning crypto the next and also Facebook banning all crypto related ads. Those are so far what I've read while browsing the forum for two days now. I really do hope, crypto currency would be able to stand this after a few days and rise up again.

[ac2eugenio]

Do you have any ideas why do we have such a painful drop in prices? Any solid explanations?
I don't like when people say: "correction". It is a bit more than a simple correction.  Something should stay behind this.
I think about several factors:
- Korean regulations to create transparent market - many people like crypto to be private thing,
- usdt problems and subpoena,
- price drop of btc - it is not a king now and we need another stable coin to make purchases. Drop in btc fears people.

Other things like facebook advertising bans and bans of credit cards for buying crypto shouldn't have massive effect. But for me thiss correction lasts too long. Every next dip surprises me more and more.

Might be because of the INDIA fud last time,most of the people do panic selling while they should be doing that because the sources of the news are clearly from the paid websites,market manipulations is nothing new to the cryptocurrency market.Weak hands are the ones who are doing panic selling while the holders are mostly going to win at the end.

[GeorgeFeb]

Because whales are relieving themselves from this useless crypto like from the constipation!

Cashing out big on suckas!

[Bolt Brownie]

Do you have any ideas why do we have such a painful drop in prices? Any solid explanations?
I don't like when people say: "correction". It is a bit more than a simple correction.  Something should stay behind this.
I think about several factors:
- Korean regulations to create transparent market - many people like crypto to be private thing,
- usdt problems and subpoena,
- price drop of btc - it is not a king now and we need another stable coin to make purchases. Drop in btc fears people.

Other things like facebook advertising bans and bans of credit cards for buying crypto shouldn't have massive effect. But for me thiss correction lasts too long. Every next dip surprises me more and more.

I think you are correct on all your points, but they are all FUD related and should end eventually since they have no fundamental basis to support them and keep the price down. I understand that tether is the worst one, and it could grow bigger if it is proven as a scam. I still think it's overrated, because most of the money that came into crypto was from real USD and not from USDT.

I don't think Facebook had any impact on the price, because it's actually a good thing, but it's hard to say. India government say they will fight illegal transactions with BTC, the news sell they will ban crypto, and we have another crash. People are crazy, and they make irrational decisions, so I don't really know how they reacted to Facebook news.

[Holla123]

Do you have any ideas why do we have such a painful drop in prices? Any solid explanations?
I don't like when people say: "correction". It is a bit more than a simple correction.  Something should stay behind this.
I think about several factors:
- Korean regulations to create transparent market - many people like crypto to be private thing,
- usdt problems and subpoena,
- price drop of btc - it is not a king now and we need another stable coin to make purchases. Drop in btc fears people.

Other things like facebook advertising bans and bans of credit cards for buying crypto shouldn't have massive effect. But for me thiss correction lasts too long. Every next dip surprises me more and more.

Storm of "negative" news like Tether, India and Facebook. Also the market was ripe for a correction. Happened before. Even bigger corrections. Instead of being fearful start searching for opportunities. Volatility is up. The new players not shy to go back to fiat but with a clear focus on reinvesting in crypto. The increased volatility will go both ways.

[uebercrypt]

I think so too

[dado7]

The market is too sensitive. It is reacting badly to very unimportant news - like totally fake news about ban of crypto in India (actually there were just some regulations announced - which is a good thing) and totally unimportant news about Facebook banning crypto ads (are there really people that are looking at and using those ads existing??) and finally.

Although the market is traditionally very sensitive to news and announcements, which is showing its immaturity, the news and announcements are only an inducement. A real cause is of a deep technical nature - the market rose significantly over last months and it was due for a correction. Since experienced investors are expecting it, they are reacting to signals, while inexperienced investors are bound to panic easily and it is all driving the market down.

However, this only means that coins/tokens are becoming cheap. Experienced investors will by again at the proper signals of stabilization, and when they drive the market upwards again, new investors will start joining again.

[Getmon]

Definitely this is not correction anymore. I think the number one reason why this price has gone down more than it supposed to was the panic selling of so many people. The FUDs that are also spreading around is another reason. Well, on another note some countries such as India seems to be looking at Bitcoin with negative lens. But to be clear, Korea will not ban cryptocurrencies. That's a bit of a breather.

[jaredl]

There are many bad news in January coming one after the other.
South Korea regulations, hacking of Nem in japan, India clamping down on illegal activities using bitcoin..

This overshadow news like Line getting into crypto and Samsung making mining chips.

The trend is that countries are trying very hard to regulate the crypto market and talking the market down. But major companies
are getting into the crypto world especially giants in Asia.

This price drop will continue for a while more as more and more countries come out with measures to regulate crypto. There will likely be more news about regulations during the G20 summit from 8th Feb to 13th Feb. So be ready for it.

But I opine that after the Chinese New year, we may start seeing lots of Asian players start buying up all these cheap cryptos. We are talking about Asian players with millions and billions to spend. Note that a lot of hedge funds with millions have been set up in recent months... they are eyeing the market carefully and will buy up all these cheap coins once the market settles.

[johnyespapa]

Because some fud spreads a week ago,INDIA fud gave a lot of impact to these newbie investors and drives them to do panic selling,plus the total marketcap of cryptocurrency is still declining thats why BTC and alts are bleeding,but we must not panic because we can see some support levels on $8k levels of BTC,a hard support at $5k so theres nothing to worry about.

[bitmanija]

Do you have any ideas why do we have such a painful drop in prices? Any solid explanations?
I don't like when people say: "correction". It is a bit more than a simple correction.  Something should stay behind this.
I think about several factors:
- Korean regulations to create transparent market - many people like crypto to be private thing,
- usdt problems and subpoena,
- price drop of btc - it is not a king now and we need another stable coin to make purchases. Drop in btc fears people.

Other things like facebook advertising bans and bans of credit cards for buying crypto shouldn't have massive effect. But for me thiss correction lasts too long. Every next dip surprises me more and more.

The growth or fall in price always depends on the situation on the market, which is harmonious
by its nature and always strives for balance. Emotional purchases have driven the cost of bitcoin to the sky, this is clearly visible on the technical chart. Therefore, balancing early or later should have come.

All that is necessary now is to wait patiently.
The active season will begin, the volume of trades will increase and everything will be balanced again

[cryptopusa]

Do you have any ideas why do we have such a painful drop in prices? Any solid explanations?
I don't like when people say: "correction". It is a bit more than a simple correction.  Something should stay behind this.
I think about several factors:
- Korean regulations to create transparent market - many people like crypto to be private thing,
- usdt problems and subpoena,
- price drop of btc - it is not a king now and we need another stable coin to make purchases. Drop in btc fears people.

Other things like facebook advertising bans and bans of credit cards for buying crypto shouldn't have massive effect. But for me thiss correction lasts too long. Every next dip surprises me more and more.

Probably because the INDIA fud gave a lot of panic to most of the bitcoin holders causing them to sell in panic plus the facebook restriction to ICO related advertisement made a lot of people to sell their bitcoins,probably the whale are the ones who are spearding fuds so they can purchase cheap coins from the bloodbath that they have created.

[valnd]

Yeah alts are in because of recent Indian FUD where there is a false news of Indian banning crypto trading in the country and also asia new year is fasting approaching some people are cashing out. you can check out this article to find out more. https://goo.gl/qT9csn

[cryptocue]

It must be the INDIA fud and the facebook restriction to ICO related advertisements,these two are the most commonly thing why people will start selling their bitcoins,and surely these people will do panic buying when the market starts to recover,whales and big players are the ones who are spreading fuds to  make some panic to the community but if you are thinking why would someone do that,its because they want to get coins for cheaper prices than its usual price.