Why is the market red

[NiinaKub]

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?

didnt you heard about problems with mew wallets? there were stolen many eth, many are affraid to loose their crypto and that why selling. found problem with erc-20 tokens, someone printed many tokens of one ICO project with hack...

[0xcosmos]

there are many factors in play all the time
its just the nature of crypto market to play red and green from time to time
dont worry it will soon start to increase again

[nata777]

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'm inclined to think that this is just a correction of the last growth, but if it is the beginning of the fall, then you need to be very careful to follow and go to the USDT

[willoweb]

I am even glad of this price correction in the market. the unrestrained growth of most currencies in the market at the end of last year gave a very good lesson. I bet on 11 thousand / btc in mid-may.  The news about the vulnerability of erc-20 tokens also led to changes in the market situation.

[livingfree]

I guess the impact of the controversial that MEW experienced made the price to decline.

And this made a lot of holders to sell and panic that it's going to be another end of the cryptocurrency market.

[pedagang2]

if I see it is the name of the market. sometimes can be green and sometimes also red. so in my opinion still fine. if the market is down this is good for the actual investment.

[Britainacoin]

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?

some of whales sell their coins last night. one of them is my friend, he sold 3000 BTC only in 1 night but he told me this night he will buy again. so market will recover it self. hold and do not Punic sell your coins.

[costgranda]

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 that the market red for several reasons. First it is correction. In recent days there was very strong growth. As is well-known after big growth there is a correction. Second reason: news about myetherwallet hack.

[oaks05]

prob both myetherwallet DNS attack and the erc20 contract hack that was brought to everyones attention for certain coins, plus we cant increase crazy amounts everyday gotta have a correction at times still lol.

[phm]

prob both myetherwallet DNS attack and the erc20 contract hack that was brought to everyones attention for certain coins, plus we cant increase crazy amounts everyday gotta have a correction at times still lol.

All news are for news noise only. I see often that news try to explain some pump/dump. But sometime is clear. And sometime is nothing common. How DNS attack can make dump? 90% of crypto are the ERC tokens

[Omega0255]

Because we touched a huge number yesterday, bitcoin touched more than $9600, ethereum more than $720 each, that is why it needed to fall a little.

Also, MEW got hacked and a lot of hundreds of ethereums got stolen, and they got dumped of course, maybe that is another reason of this dump.

[Balmain]

prob both myetherwallet DNS attack and the erc20 contract hack that was brought to everyones attention for certain coins, plus we cant increase crazy amounts everyday gotta have a correction at times still lol.

They have nothing to do with price. Technical analysis says it all. Check resistance levels, you can see yourself too. Don't be too lazy.

[MCVXYZ]

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?

There is no need for philosophy to understand why it happens,The answer is very simple and obvious,When the market is growing sharply,after this it always decreases,therefore there is no need for panic its a natural,inevitable economic process..You can see the history of every market economy, you will certainly see how it works and you will understand crypto market psychology.It's an axiom not only in cryptocurrencies...But after the end of these decreases,there is always a good growth of coins price(of course I'm talking about good and unique coins).So be patient and don't forget about the simple rules of market economy.

[skelethon]

Considering the huge dip, I think they're starting to recover now. So we might even see a bull trend finally

[Fatunad]

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

These might be the reason or one of the reason why we do see price drops or pullbacks which we do know that fundamentals specially negative ones can really give such impact to the market.We do see MEW DNS hack and other news which bring down the price turn to red which i do see it did break the gradual increase of bull run but well its just still good and a good opportunity for traders to get or buyback cheaper coins once again.

[ACVinegar]

Market was becoming red when price of coins and other altcoins are fall down, but don't worry with that matter because it is normally happen to trading sites. Instead make red color as your strength, for example when coins and altcoins turns into red just always invest and invest because this is a big opportunity to everyone. then when market is turns into green that what means that all crypto currencies are healthy and it is a signal that all coins are ready to withdraw.

[Casmania]

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 that the market red for several reasons. First it is correction. In recent days there was very strong growth. As is well-known after big growth there is a correction. Second reason: news about myetherwallet hack.

I think it is currently in red marks because of some corrections and as you can observe it is on red mark but the dip is not that totally high. So, I would say that it's fluctuation is partly normal and most likely it will be on preparation for the next bull run to happen. Definitely, just again the hodl thing and let's see what will happen next in the coming days.

[Hanvis]

It seems that the market is starting to recover after today's fall, associated with the substitution of DNS servers MEW. The second round of the bullish market?

[Citataw]

different news affect the market differently. bad prices go down, good prices go up

[DilanBrown]

Market was becoming red when price of coins and other altcoins are fall down, but don't worry with that matter because it is normally happen to trading sites. Instead make red color as your strength, for example when coins and altcoins turns into red just always invest and invest because this is a big opportunity to everyone. then when market is turns into green that what means that all crypto currencies are healthy and it is a signal that all coins are ready to withdraw.

Just need to guess the moment that they were at the very bottom.