|
adamlillian
Member
Offline
Activity: 459
Merit: 10
|
|
March 10, 2018, 04:12:06 AM |
|
I think the main reason is the sharks in the crypto market. They have the power to decide the price of the altcoins. So they can make a lot of profit from the trading and increase and decrease the price of the altcoins. They make small traders fear because of the cost of going down and forcing them to sell all their coins to secure their assets. and the sharks would buy all the coins at low prices and sell them at high prices.
|
|
|
|
tdeannova
|
|
March 10, 2018, 04:19:08 AM |
|
The information you provide is correct that the news affects the current decline. I hope everyone can be calm and patient to deal with this and I am sure the market will recover in the next few days.
|
|
|
|
STIKS1911
|
|
March 10, 2018, 04:23:40 AM |
|
I believe that this is just manipulation. This is done to ensure that the market was panic sale and people in a panic were selling their crypto currency. At this time, large players are all buying at a low price.
|
|
|
|
Vaculin
|
|
March 10, 2018, 04:34:48 AM |
|
Thanks for sharing, I hope the news would not make people to panic, it seems like it is at the wrong timing, the price were suppose to go up but it was messed up with this news. Anyway, I think we should be more stronger now as there will be more bad news that will come and whales will surely find ways to create FUD to cause big panic.
|
|
|
|
magicmeyk
|
|
March 10, 2018, 04:38:59 AM |
|
I think the main reason is the sharks in the crypto market. They have the power to decide the price of the altcoins. So they can make a lot of profit from the trading and increase and decrease the price of the altcoins. They make small traders fear because of the cost of going down and forcing them to sell all their coins to secure their assets. and the sharks would buy all the coins at low prices and sell them at high prices. I agree with you, they are the one who controls the market price and they are the reason of people who panic selling when theirs a big dump going on.
|
|
|
|
mariayaz
Jr. Member
Offline
Activity: 294
Merit: 3
|
|
March 10, 2018, 04:41:58 AM |
|
I agree to this but even if they try to shut down exchanges, they cant stop crypto to take over fiat money. Crypto is a future it will take some more time world to accept it
|
✦✦✦✦✦ ☸ SECURE - FAST - FAIR ☸ ✦✦✦✦✦ (https://www.bitgame.com/?trackCode=BITCOINTALK)
|
|
|
Newboybb
Member
Offline
Activity: 266
Merit: 10
|
|
March 10, 2018, 04:43:49 AM |
|
I think these news for altcoin may not be a good news, for the bitcoin, however, may be a good news, because it means more money flowed into the currency, and altcoin may lose their value.
|
|
|
|
Yuuto
|
|
March 10, 2018, 04:48:39 AM |
|
You forgot about the binance news and the Mt Gox dump.
Anyways we're just in a really unfortunate position at the moment with all this news coming in at around the same time. Though today we did recover on average around 5-10% for most cryptos listed in the top 100.
BTC has found a floor at $9k, ETH around $700. Not going to go under those figures any time soon.
|
|
|
|
globalcitizen
Full Member
Offline
Activity: 476
Merit: 104
Decentralized global citizen and crypto-preneur
|
|
March 10, 2018, 04:48:55 AM |
|
There's similarities between the operations of the foreign exchange market and the crypto market. News often affect their behaviour as can be seen in the prevailing crypto market situation. But I am not always moved by this because I believe that it is normal as the market will soon recover.
|
|
|
|
leavolnhals
|
|
March 10, 2018, 04:53:09 AM |
|
These are the figures that convince all people are wondering about the market down. Thanks to the article I have gained more experience in trading and very thank you. I will share this data with my friends and hope it will be helpful to my team.
|
|
|
|
SnapFX
Jr. Member
Offline
Activity: 588
Merit: 1
|
|
March 10, 2018, 04:57:14 AM |
|
Eternal growth of the market can't be. The market was already saturated. But I think, in the fall we will see good growth again.
|
☉☉☉ ARTCOIN.AI ☉☉☉ ▐| BLOCKCHAIN ART GALLERY SYSTEM |▌ (https://www.artcoin.ai/)
|
|
|
Amuzeddingo
Newbie
Offline
Activity: 30
Merit: 0
|
|
March 10, 2018, 04:57:37 AM |
|
News is indeed very powerful when it comes to influencing the prices of assets. I believe that this is not just any other black propaganda, but a legitimate problem of each government since they are getting their funds from taxes while cryptos are stopping them from doing so.
|
|
|
|
|
euggio
|
|
March 10, 2018, 09:20:19 PM |
|
Thanks for the provided links, I was very surprised at the position of the U.S. regulator, which makes such statements. Is it right to invade the free market?
|
|
|
|
skip60
|
|
March 10, 2018, 09:30:37 PM |
|
it is told that mtgox bitcoin are being sold for las 4 months
We re talking about hundred thousand of btc here
So it is normal for btc to go down, and like usual all other coins follow btc
|
|
|
|
Zocadas
|
|
March 10, 2018, 09:43:24 PM |
|
If that would be a serious reason to dump cryptocurrencies, then they are actually still too high priced. No, look half a year ago, where prices of the cryotos were. Bitcoin was under 6000$; at beginning 2017 even only at 900$. Same on all other cryptos. So I can't admit, that "everything is down". But nevertheless the news is interesting, although it wont have a big influence on longterm prices.
|
|
|
|
wanderloy
Member
Offline
Activity: 182
Merit: 10
PRESALE BEGINS UP TO 45% DISCOUNT
|
|
March 10, 2018, 09:48:24 PM |
|
For me, I think everything is going down due to Bitcoin's drop. We all noticed that Bitcoin is the carrier of the crypto market due its value pairing is bitcoin:Altcoin and not USD so everything will be going down and drop when Bitcoin is dropping. FUDs and fake news are always the reasons behind of every crypto market dropping but the good thing is crypto market is always recovering every after few days of the dip and that's the fact.
|
|
|
|
BitcoinFrik
Member
Offline
Activity: 140
Merit: 10
|
|
March 10, 2018, 09:49:57 PM |
|
Hmm, I think pretty much the drop we had not long ago is influenced by the correction it's supposed to happen after such a bull run. Myself for example, never heard of those regulations till now, maybe the big whales are scared.
|
|
|
|
vrabac68
Member
Offline
Activity: 364
Merit: 10
|
|
March 10, 2018, 11:00:46 PM |
|
Everything will come back to normal.Just wait until april and you will see.Its the same like last year .On 1st of April XRP was 0.022 and NEO was only 0.20$ .Crazy so you will see the same thing happening this year
|
|
|
|
|