Bitcoin and Crypto Markets Continue Their Slide…But Why?!

[yagizpoyraz]

Bitcoin and Crypto Markets Continue Their Slide…But Why?!

https://cryptotown.io/news/bitcoin-and-crypto-markets-continue-their-slidebut-why-bitcoinist/index.html

[icobestchoice]

Bitcoin and Crypto Markets Continue Their Slide…But Why?!

There is opinion that the reason that market is low now and there are a lot of news like 'btc will go to 3000$' and a lot of predictions that cryptocurrencies will go down further is that there are speculations of some whales. They will buy big amount of coins when panic make it's price smaller.

[clrpod]

There have been a lot of things looming over the market such as Kobayashi dumping coins and google banning ads, it seems now all that is really left is the G20 summit that's coming in the next few days. There was some positive news from a leaked cover document that states that their discussion will be around the benefits of cryptocurrency and how to regulate it in a way that stops illegal activities but doesn't limit its growth.

[Milenyto]

I think than the main reason is not good news that Google will ban all cryptocurrency-related advertising. But there are not fundamental reason to slide down bitcoin or other Crypto.

[CryptoAlphaStar]

There is no development on the regulatory issue. Everyone is waiting for it, but it is a slow process.
On the other hand there is no new technological advancements that ease adoption.
And lastly, everyone now knows about crypto including grandmas. Whoever wanted to enter did it in December. No new fresh believers for now.

[MoonJeina]

The problem is that there is not only one reason but many reasons which have piled up for the ongoing event of red market trend. Firstly it was just governments which were trying hard to get Bitcoin and other coins down but now many big names are also included in the list . The ad ban of google and Facebook has worsen the situation . Moreover the big see off by Mt Gox has further helped for the slide .

[vasil777]

I think than the main reason is not good news that Google will ban all cryptocurrency-related advertising. But there are not fundamental reason to slide down bitcoin or other Crypto.

indeed, it also seems to me that crippling currencies are falling due to the fact that large companies are negatively related to the ICO. but I think soon GOOGLE and FACEBOOK will change their policy on ICO and the course will grow

[totnaksquad]

It  wont be sliding further if people like you wont be doing panic selling because it could worsen the bad situation of the market,imagine if people like you lets say 30% of the traders will do panic selling the market will surely going down exponentially,so you need to calm down and breathe so that you wont be doing such things,the market will recover.

[junjunsalsalani]

It  wont be sliding further if people like you wont be doing panic selling because it could worsen the bad situation of the market,imagine if people like you lets say 30% of the traders will do panic selling the market will surely going down exponentially,so you need to calm down and breathe so that you wont be doing such things,the market will recover.

I agree the market will going to bleed more when most of the people are doing panic selling,weakhands will alway fall and those strong holders will win the game,this is how the market works that is why we need to get a long with these market manipulators.It is very hard for the first timers when they are seeing their portfolio are down by 50% but it is harder when you are here for a long time and you still experiencing 70% losses.

Do not panic,that is the best thing you can do.

[iram1011]

All markets run in cycles. There are always bull and bear phase. After December's bull run last year, a bear phase was very well expected. Market always goes correction after such massive and ridiculous growth.  Added to that, not much new money is entering  the market now. So, the whales have started playing with the market using bots and algos, in order to earn some profit. So, most of the holders are getting rekt and exiting.

[bulbolitobayagyag]

Because most of the newbies are doing panic selling when their portfolios are down to 50% you wont see the best of cryptocurrencies if you are too scared to lose everything,the market will recover and nothing is new about these ups and downs.The market cycles and it wont be always in green sometimes it needs to bleed so that the whole market will breathe.

[Fazlurkhan.kz]

The downward slide of bitcoin and other cryptomarkets is partly due to the new google as policies which are to be implemented by June this year. It has taken measures to prevent fraud scams through google ads and clickbait. It has encountered a lot of amount of ads violating google ads rules. As the cryptocurrencies are the hot topic right now there might be people who will definitely try to scam in the name of crypto, so to prevent that it has taken appropriate measures.
Panic selling and all other reasons are the ones which result in a small drop but this particular drop is somewhat due to googles new policy!

[marcripto]

The collapse of the market over the last two months is "managed" in my opinion by large banking groups and "strong powers" that manipulate and spread bad news to be able to buy as low as possible and speculate. I hope that next week positive news will come from the G20, in any case the market will soon recover

[cryptoux]

You need to know how the market behaves,how it works so that everytime the market shows bearish trend you could save your ass from getting trapped with the altcoins,stick with the bitcoin and wait for it to dip so that you would be able to buy from the bottom after the market has recovered you could sell the cheap altcoins you got,im sure you will have a lot of gains.

[nakamote]

Because weak people are doing panic selling that causes a lot of damage in the bad market situation that these big players has done.Calm down and give the market sometime to recover,doing panic selling surely stupidity when you are trading with a losing outcome,do not try to sell your altcoins in panic because you will recover what you have lost when the market has started to get recovered.

[cryptotitan]

The bitcoin's support is strong at the $8k levels that is why our market wont fall any further,if that support would break we would see another $6k levels or worst $3k that is why we need to check bitcoin's movements from time to time so we could prevent any further damage,the only reason why the market will fall is because most of the people are doing panic selling which is wrong.

[makuhpal]

Because most of the people are doing stupid things,getting FOMO and panic selling could only worsen the market situation,instead of helping yourself it could be the reason why ou would lose a lot of money or you could lose everything you invested,do not let ohers make you FOMO,read the charts carefully analyze what is the best thing to do and im sure you wont panic.

[ilnick]

No one really knows the cause of this. I want to believe that the fall is due to the actions of most common market participants. Bad, if the market is controllable by a group of large whales, since the idea of crypto currency is destroyed in this way.

[tondenga2122]

Because most of the people are doing stupid things,getting FOMO and panic selling could only worsen the market situation,instead of helping yourself it could be the reason why ou would lose a lot of money or you could lose everything you invested,do not let ohers make you FOMO,read the charts carefully analyze what is the best thing to do and im sure you wont panic.

Not really .. The trend of crypto sometimes depends on the news
And in this early year we get so much Bad news from another country. Starting from china and US banning cryptocurrency and now facebook and google also ban on crypto related ads
Panic people is normal, at least they still can save their money for another buyback when we got a Big good news

[cryptoatomic]

It will continue to slide down until the market manipulators started to buy those cheaper altcoins,most of the people are panic selling that is why the market has once again bleed,we shouldnt be doing that because these manipulators loves to see us in panic because they could buy a lot of cheap altcoins and they will push up the market again that is how the market cycles.