Why is the market red

[dress]

I am sure that this is not for long because in general the situation on the market has started to improve and the market shows a very good capitalization growth now.

[darewaller]

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

Please guys, stop blaming everything on news.
However, I am not surprised since that is the only thing those who are ignorant about the market always use something to at least explain how the market is moving.

Even before the hack, most traders already targeted a pull back at the point where the market started correcting which I did not even expect it to get to that point anyway but it did, but this was imminent in an overbought market and you guys should at least get used to that fact, but I guess only someone who has a little idea about trading will obviously get that.

[TRONTON]

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.

If other people think like that why we are not the same as those who expect the price to go down to buy more coins because it is decreasing, because the red market is a wajr thing in the world of trading because Crypto price always depends on the parent coin like Bitcoin if the rate down then the other coins will come down, it is just patience that can push the progress in our sales in the market.

[mariangpalad]

Because it needs some pullback or correction,as we have enough bull runs from the past few weeks it should be going back to the current support levels to test if these bulls can still break the current resistances,based on bitcoin's movements few days from now we are going to enter the bearish trend once again and it might be another long bearish market.

[JBLHIFI]

 think market is red due to lack of patience of investor and the way they dumping at any value, and also the kind of news which is fud people reading on various platform .

[dimon01]

There is news that affected the values, MEW was hacked which is so bad here for all of us. Probably it will recover, but hackers....

[upsidedown75]

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 going into hiding really made me laugh though. Why should he ? Lol. It is the way market is and you cannot be right all the time considering the volatility nature of every market and the most important thing is for him to always know that expecting to be right all the time is more like over working yourself.

Secondly, this is cryptocurrency market and with the way the market is, you just have to blend with the trend as that is the only way you can get the best as a trader.

[francojon]

It is red and green again this month.The situation is not clear because there are many technologies that need more development before more large investment funds come into this marke.

[cicak88]

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?

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

[Gmtrosgd]

I think this is just a correction.  And tomorrow the price will grow again.  Or a maximum the day after tomorrow.

[Strymex_ru]

That would be some valuable information to anyone who is into crypto world, so no wonder that he might get in trouble. About the dip, I think it is fairly predictable, it just another point after which the growth will start.

[Radio-Active]

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?

Normal things dude. if crypto increased significantly, there will be a correction to be made later.
the red market is just a correction of the green market that hyped on the past.
just don't panic selling your coins when the market is red, it is useless.

[Bitcoin_is_here_to_stay]

the market was highly overheated at the end of last year and once too high prices had to go down. there is no such thing that the prices would only go up always. now the market has started to recover and the last month is in green

[santino11]

BIG DUMPED!
PANIC!
FUD!
WHALES BAGGING MORE!

this is really how the market goes wild down.
i hope people just keep holding and let them buy our odds.

[bitcoinbot]

I think that at the moment the market is again in the correction stage. After the previous period of correction, the coins managed to grow quite strongly, so it's time to adjust the price a little!

[twitami1]

I want to say that now is a good opportunity to still buy yourself a crypto currency, and in particular Bitcoin. Yes, I admit that during the scaling period the price can fall significantly - there is a risk. Nevertheless, I believe that very soon this drop is compensated with interest and the rate of crypts will easily interrupt today's prices.

[allezbitcoin]

Market red because it caused a lot of bad news news about the world crypto like as banning bitcoin in various countries and social media that prohibit advertisement of bitcoin and altcoin other.

[d4n13]

A lot of people are dumping their tokens/coins at the moment be cause they are afraid of what can really happen in a near future, that is the main reason of why most altcoins are incredibly red at the moment (some of them are -10%)

[armlock]

I was very interested in why, after the consensus of 2018 in New York, the market instead of starting to grow dramatically collapsed in price? Perhaps this is due to futures and the sale of large amounts of bitcoin. And maybe new players come at a lower price ...

[Nimbusrf]

I believe that we are seeing a new drop in the market. people do not want to buy cryptocurrencies and therefore prices fall.