Why is the market red

[Tilbrook007]

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?

[alex-nn]

Bad news: today's hack in SmartMesh smart-contract and yesterday's MEW DNS-hack are the main reasons of today's crypto dump

[Jaycee99]

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?

First I want to say it is a cycle which when market is low people want to buy, results value will rise and when the results are good (green)here we are going to sell it, that it is because of greater supply it will flow and get a pop up and later down... down... down.   

I know this is short but I know this would be helpful to you and maybe in our research tomorrow.

[icobestchoice]

The reason is news about hacks. This blames stability and safeness of crypto.

[keycellko]

The huge news about myetherwallet hack was a big pull. Lots of people lost their eth and tokens as well. The ones eho were not affected by the hack got afraid their tokens and eth will be stolen. Im thinking, many are selling off their eth and tokens in the fear of losing everything. Many supply available in the market that's why the price is all down.

[herfianto]

Bad news: today's hack in SmartMesh smart-contract and yesterday's MEW DNS-hack are the main reasons of today's crypto dump

Bad news affects altcoin prices, yesterday's MEW DNS-hack is the reason for the decline in altcoin prices today, hopefully this problem can be solved soon.

[maliha tahir]

The tremendous news about myetherwallet hack was a major force. Loads of individuals lost their eth and tokens also. The ones eho were not influenced by the hack got apprehensive their tokens and eth will be stolen. Im considering, numerous are auctioning off their eth and tokens in the dread of losing everything. Numerous supply accessible in the market that is the reason the cost is all down

[grkmbykl01]

It's about the bad news about hacking. This hacking news so bad for crypto they need to fix this.

[GayOfThrones]

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 had too predicted a drop but unfortunately I didn't dare to be consistent with my prediction and I didn't sell anything. I should listen to myself more often

[Orlana]

The tremendous news about myetherwallet hack was a major force. Loads of individuals lost their eth and tokens also. The ones eho were not influenced by the hack got apprehensive their tokens and eth will be stolen. Im considering, numerous are auctioning off their eth and tokens in the dread of losing everything. Numerous supply accessible in the market that is the reason the cost is all down

I can hardly believe that the drop in the etherium by 12% is a problem with breaking into MEW. Why then fall other crypto currencies? I do not understand.

[Grinjos]

Bad news has a very strong effect on the price of coins.  But I think everything will be fine and in a couple of days the market will recover.

[Tynovten_]

I got information this hack and suggest to sell eth, this panic make eth going down and all impacted, hope it will be finished and also hope our wallet are save buddies.

[steplaza]

any statement on the stolen amount?

[kayvie]

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?

its only natural for the market to turn their prices into red. it is part of the life of altcoins, cryptocurrency has a high volatility that makes its prices goes up and down.

[sale.kripta]

I'm not sure that this is directly related to hacker attacks on wallets, but I think that just again a small correction of the crypto market occurs. In any case, no one knows the exact answer, and there are only assumptions.

[Lisa110386]

Bad news related to  vulnerability ERC- 20 tokens. Let's hope that in a few days there will be a rebuttal and good news.

[Fahim]

I think the first is hackers exchanged some of the stolen money, this is a big release on the market.
The second reason is panic. People began to sell a lot and did not buy anything. The attack on MEW is just horror. I myself am afraid of going into the wallet for a while.

[gage6rowden12]

It happens! There is nothing to worry about. It happens in the stock market and it will happen here. Not everyday we will see major jumps and gains. That wouldn’t be healthy. Like the recent pull back is what I consider to be very healthy for the market. It allows smart investors who are also long on bitcoin to buy more. Instead of worrying about the market being in the red for a day or just don’t and realize that this happens and that there is nothing we can do. It just happens!!

[mast3rm1nd]

could be a magnitude of factors all combined together; the market was getting hyped and overpriced and was setting up for a small correction plus there was some bad news about hacking MEW and others. but in my opinion this is all very natural and healthy for a sustainable bull run.

[ThachSanhTp]

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 in this crypto currency market, there are no need to have a specific reason for dumping/pumping a a coin or red market/green market.
Just because the whales want to do that and just in the pumping/dumping cycle.