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Author Topic: Why is the market red  (Read 2449 times)
lucemferrum01
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April 25, 2018, 05:53:15 PM
 #21

You tell me?

A guy I know that is a dedicated chart analysts predicted a big drop as you guys declared a bull. He went into hiding because it looked liked he was wrong but the negative Red I see is mind blowing.

What’s going on?

That's reason is for people that want to buy coin in a small value. This time is their chance to buy. We just need to be patient in our chance In a right time and when the time comes market will be stable and that chance is for us who already brought a coin.

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Manchumichael
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April 25, 2018, 05:55:56 PM
 #22

To day we have seen the market is low and have back to the red, last few days we are happy about bitcoin and altcoin have on thi high price, but today is back to usually price where bitcoin and altcoin have red again. I heard about the market is red is happen of the trouble faced by myetherwallet, where we know myetherwallet have trouble with their dns address and it take some problem why bitcoin and altcoin back to the low price now.
We are predicting the attack on MEW is the reason for the present market drop but nobody knows what is the exact reason.I thought green numbers will continue for a long time but every time when the market is trying to recover something bad news will come and again it is turning to red.
waaat?
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April 25, 2018, 05:59:00 PM
 #23

To day we have seen the market is low and have back to the red, last few days we are happy about bitcoin and altcoin have on thi high price, but today is back to usually price where bitcoin and altcoin have red again. I heard about the market is red is happen of the trouble faced by myetherwallet, where we know myetherwallet have trouble with their dns address and it take some problem why bitcoin and altcoin back to the low price now.
We are predicting the attack on MEW is the reason for the present market drop but nobody knows what is the exact reason.I thought green numbers will continue for a long time but every time when the market is trying to recover something bad news will come and again it is turning to red.
Manipulation only. All other reasons are an occasions. Nothing else. This MEW bug was known already. But a rare projects has this vulnerability. And now - booom! FUD and manipulations
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April 25, 2018, 06:02:57 PM
 #24

I also do not know anything, but very many people predicted this fall and said that correction with such growth is quite real, although it seems to me that this could be the usual manipulation of the market. There was a lot of good news, but today there was no bad news.
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April 25, 2018, 06:03:35 PM
 #25

Snowball effect, people started dumping their holdings because of the recent MEW hack, then labile folks follows and we are where we are now. We need more strong hands in crypto, so that every little bump wont effect the market sentiment.
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April 25, 2018, 06:05:07 PM
 #26

I don't know  why Bitcoin dumped, but I read OKexchange said the found a bud  in ERC20 tokens and they are going to suspend trading because all these tokens are at risk  if a black hacker found this, he can create so many tokens and dump them on the exchanges. I am looking for more information on this news

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April 25, 2018, 06:08:15 PM
 #27

How can I protect myself from any type of steal using  MEW?
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April 25, 2018, 06:09:45 PM
 #28

Because it changes from time to time. News, politics , legislation etc are the factors that make it red.
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April 25, 2018, 06:09:53 PM
 #29

You tell me?

A guy I know that is a dedicated chart analysts predicted a big drop as you guys declared a bull. He went into hiding because it looked liked he was wrong but the negative Red I see is mind blowing.

What’s going on?
Who's that guy that can't stand on his technical analysis?

I say that we are on bull market but I'm not a technical analysis man. There are people who are starting to sell their coins due to the advantage that they have enough profit already.

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April 25, 2018, 06:11:27 PM
 #30

You tell me?

A guy I know that is a dedicated chart analysts predicted a big drop as you guys declared a bull. He went into hiding because it looked liked he was wrong but the negative Red I see is mind blowing.

What’s going on?
The hacked mew did not affect the market much. Red market reason because after more than 10 days growth. By the time whales sell their coins they have bought at low prices to make a profit. I think the price will soon rise again in 2-3 days
bellanas
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April 25, 2018, 06:12:20 PM
 #31

Perhaps now the market will start to fall again and check for patience again and again. I think so.
Faruque312
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April 25, 2018, 06:13:36 PM
 #32

i think the main reason is news, some hacking news viral in google thats why market is red. hope market will recover again.

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April 25, 2018, 06:15:29 PM
 #33

You tell me?

A guy I know that is a dedicated chart analysts predicted a big drop as you guys declared a bull. He went into hiding because it looked liked he was wrong but the negative Red I see is mind blowing.

What’s going on?

Lol, it is normal to short time frame market correction. this is the moment where most of people that bought at $9000 bitcoin level a two months ago are now selling in fear. But several market has more buy orders than selling orders. there is definitley buying pressure right now. Bitcoin just broke the $9200 resistance level, so probably it will stay a little bit longer again in that level before it looks for another direction.
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April 25, 2018, 06:16:52 PM
 #34

There is always a trigger for the rate fluctuations, whether policies or hacks or regulations, what is more important is to keep your cool and ride the wave whichever way it goes to enjoy the benefits.
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April 25, 2018, 06:17:04 PM
 #35

If someone predicts a thing, it does not mean he is 100% sure. It is only a thing of likelihood. Everyone knows that the market cannot continue to pump, without experiencing any red. Notwithstanding, even if there a reds now, we will surely see another phase of green in the market. It is normal. We are still in a time of correction, which will bring about some undulations.
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April 25, 2018, 06:18:17 PM
 #36

the markes is red because bitcoin is very volitely. if bitcoin stay stabilite altcoin will be green. we should hold now and then we make money.

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thetruth123123
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April 25, 2018, 06:18:21 PM
 #37

Yes, I agree with a guys above, when you hear a news like that hack of MEW, you definately will loose your trust into crypto...
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April 25, 2018, 06:24:36 PM
 #38

You tell me?

A guy I know that is a dedicated chart analysts predicted a big drop as you guys declared a bull. He went into hiding because it looked liked he was wrong but the negative Red I see is mind blowing.

What’s going on?
This situation is logical, all cryptocurrency has grown significantly, and the market has to rest for a new growth

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April 25, 2018, 06:26:03 PM
 #39

This is a cycle of the market. In the past two weeks, the market has grown significantly, so it can not increase forever. Markets need to decrease to adjust, and to whale picking altcoins. The market will go down slightly or side way a few days before the green market returns.
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April 25, 2018, 06:26:52 PM
 #40

You tell me?

A guy I know that is a dedicated chart analysts predicted a big drop as you guys declared a bull. He went into hiding because it looked liked he was wrong but the negative Red I see is mind blowing.

What’s going on?

I think the recent DNS hack on MEW contributed a lot in the recent drop in the market volume. A lot of money were stolen and maybe the culprit already converted it to fiat resulting to lesser volume in crypto. Let's just wait a little more, I am sure that the market will recover soon.
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