Why is the market red

[vanan]

The second reason is panic. People began to sell a lot and did not buy anything.

[four199]

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?

Red market is the downtrend. It has many causes such as:
+ Investors no longer believe in the market
+ There are many bad news to the economy, as well as countries banning electronic money transactions.

[s.Zavgorod]

The second reason is panic. People began to sell a lot and did not buy anything.

If people started doing this, the market would have already risen. The reason is that people don't want to play with whales and sell their tokens.

[hidden jutsu]

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?

actually, a big drop is expected since there is a sudden jump in the price of btc, everytime that its price goes up, really really high, the next situation that might happen is the correction on its price. and as you can see, that's what really happen.

[GucciGangClub]

There are a lot of investors and traders that are now losing money. But I believe that it will change

[Accts4u2]

Well the simple answer is that the prices of the coins are down. Whales are buying so they are manipulating the market to their favor, keeping the prices down systematically. Also this is the time that most people are not buying, they are taking vacations and such so there isn't as much money come into the market as is needed to start another bull run.

[Quinni]

The market is not hot enough, and the price of BTC has been in a downward trend, and governments around the world are also cracking down on BTC. This series of bad news has a bad effect on BTC, causing the price of BTC to fall.

[Kaijunbee]

I believe that such a decline is explained by the decline of bitcoin. Soon the bitcoin will rise and the market will again be green.

[kenvar]

Only one answer for this question: a big manipulation. Even USA government talked about it. Whales just wanna take money from "weak" hands. But I hope this growth in the last few days is a first sign of reverse.

[brocardinf]

More and more people start think that cryptocurrency it's asset without any future, they sell all what they have and try to delete all information about this expereince in the mynd

[Xetonica]

Today I see a green market, which I think all investors would like to see.

Markets are now recovering, and investors seem to have lost faith in cryptocurrencies after the plunge in prices earlier this year. So we need a greener market now.

Actually investor was looking of the market be on green, And ill think it is the right time for them to sell some of the coins they have because they want to earn some profit to those coins they invested. Even me i'm also waiting to sell my coins also into a high price.

[vike]

The market is now falling because it comes out of a long winter correction and now we see a correction of the market and also we are waiting for the exit from the channel.

[Nexus77]

More and more people start think that cryptocurrency it's asset without any future, they sell all what they have and try to delete all information about this expereince in the mynd

the red market may be due to declining demand and issues of negative issues about cryptocurrency. a wise person will not think cryptourrency is an asset without a future because if we invest and always be patient then we will benefit. Depending on how different people differ from how to respond.

[vertolesrix]

Now the market is recovering somehow, this is kind of strange though and to be honest, I am a bit afraid of buying now since I think that this growth will bring something much worst. This industry is a very unpredicted and strange one to predict. I am saying this just by analyzing a bit a market and trying to forecast the growth.

[NewBet]

Well market is red because the prices of coins are down. Between the FUDs and people panic selling their coins all of the time I am quite surprised to see that bitcoin has started another recovery so soon. Way too many people are in this market who should not be here. Once the whales come out to play though we should be seeing much better prices of coins in the market.

[zatteis]

The market is growing, first top cryptocurrencies are growing, also, the whole industry is growing. Now, we are at the green stage and we will face the wealthy future. Market is green and it will remain as this for a couple of days. WE have just to believe in our future, in the future of the cryptocurrency

[ngawethu1]

Alts depend more on BTC price. whenever BTC is fluctuating, the market would be bleeling except some top coin.
In early 2018, there a lot of investor that has been lossing their money. Hopefully the market will be green next time.

[Boyong02]

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 FUD are hanging around that SEC declined the application for ETF of VanEck and SolidX.
https://cointelegraph.com/news/cnbc-winklevoss-twins-bitcoin-etf-application-rejected-by-sec

[Brivwe]

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.

which I see today the market is still red and has not been stable again so from now on there are many people who invest in Altcoin is declining and by investing in Altcoin can wait for the market and altcoin prices back stable

[fatymaeos]

It's just someone really wants to get rich. Artificially lowering the rate, then buying a cheap cryptocurrency to the maximum, and then the prices are released and someone becomes incredibly rich in a few months! All this was already with the traditional currency. History repeats itself.