What the hell happened today in cryptocurrency?

[Cryptomedia.org]

Things like this can happen everyday without a particular reason or as a part of a bigger scheme. The cryptomarket is still new and unpredictable, and most importantly easy to manipulate. A statement from a famous investor or "expert" can lead to drastic change in prices. We, the common people, are just observers in this game and the best we can do is invest smart and hope for the best.

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[googs84]

What the hell happened today in cryptocurrency, why is everything going down the drain?

Look at the market now. Its not even in the drain but has reached the gutter itself. Lolz.

I think we are badly hitting the bearish trend and this will continue for very long time just the way it happened with the period of January to May! I think that trend is coming back online and I think we shouldn't be worried about it much as mostly market recovers itself at right time.

These are just results of FUD, fake news, FOMO and stuff like that. Thats all buddy!

[maksimukr1989]

What the hell happened today in cryptocurrency, why is everything going down the drain?

Before major events there was always a drawdown.Local decline and, perhaps, a quick turnaround.On the eve of the Consensus.

Yes, I fully agree with you.The decline is always due to the rapid growth.We will wait and not panic.Everything will stabilize and there will be growth.We will wait for the results of consensus.

[liangweicha]

The whole market is still in a downward trend, which is a terrible thing.
When the market loses its earning power, people sell tokens.

[Ostonian]

It seems that there was no bad news. Many people consider the state intervention of influential countries. To some extent, the media is to blame for bitcoins' volatility. It is thanks to them that information spreads. The behavior of investors has a serious impact on the value of the virtual asset. So, when a popular person publicly shares his positive mood with respect to the market, this leads to growth. And, conversely, when they say that the crypto currency is a "rat poison", the situation can cause the asset to fall sharply.

[luigi3]

I think this is not the month of crypto because as i know crypto/altcoins price was depending only in some situations that currently happen,and also the investor or some news that involving crypto ,and im pretty sure that it really affecting the price of many tokens.

[Kunlejoe0]

Everything is not going down the drain. This and many more seasons are some of the event and situation that happen in cryptocurrency. It is a cyclical and another season of profit will come and bear  will be forgotten.

[siena23]

I think you are currently holding some coins, so you are very panicked when you know the price is falling like this, like me. But for someone who is a lot of money might think that now is the right time to spend as much coin as possible. I'm also so if I have money I will buy a lot of coins and I will sell for the next few months.

[chocochild]

It is part of the process to be accepted internationally it will pump and dump in its quest for greatness so just stick with it and will make good money.

[Rejinx]

I inclination indicate you to care soothe as at  first a above calamity thither always a drawdown bechances no need to do panic.

[Janpura]

What the hell happened today in cryptocurrency, why is everything going down the drain?

bitcoin is unpredictable and that is the real life in crypto we just wait until it pump again.
I think there is a big reason for why cryptocurrency now is getting down.

we do not know that maybe next month bitcoin value will be raised again.

[iljamlnk]

While it is not clear whether the Crypto currency will gradually restore its position, or fall further. Of course, most market participants hope for the best.

[zero714309]

Wait and be patient,let's just say this drama of good people and evil that each has its own purpose to live we would want to go with the flow which,up and down the price I think is very reasonable especially now,btc is getting a lot of interest surely make many investors to have it,consider this the drama of their lives we wait for the ending

[DimaGoGroup]

Remember, as longer correction is going on, as stronger positions coin is getting, gathering volume and as a result we will see rapid growth. I think it will happen in the autumn time.

[loyaeskiron]

The price market status of cryptocurrency now moving normally, that depends on the balancing system of supply and demand, and it was likely the management of cryptocurrency decide to adjust the level of market price value in order to become smoother and good flowing system on the total operations of cryptocurrency business.

[keykey1]

What the hell happened today in cryptocurrency, why is everything going down the drain?

Cryptocurrencies were always unpredictable but at current time the situation is characterized by intense frequent fluctuations of price. For users this is inconvenient way of price tendencies but for market such situation is very useful.

[fulmetal08larz]

The way I see what's happening is for the crypto currency prices in general to test a major support and could reach another bottom. This is a good buying opportunity if you want to gain profit for long term. The market movement is currently in a consolidation phase and smart money are buying discreetly. Gox is only what's causing the pullback of prices due to their holdings that they dump every week.

[Aivengo111]

The worst thing is that the rates of almost all coins continue to fall, I think that we again in a long dump and no one knows when it will end.

[louie69]

As per current update, btc and some of the alts are now starting to recover and I would suggest that you need to hold still and just wait until it had made a good price full recovery. You don't need to be in a panic mode where you will sell your coins at a lower value instead patiently wait for it will be back on track.

[tuikindu01]

Market volatility is common in the encrypted world, and there's nothing to worry about. Passwords can quickly bounce back to the way they bounced back from their previous plunge.