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Author Topic: Why all crypto market goes RED today?  (Read 1499 times)
easytipz (OP)
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May 11, 2018, 03:51:53 PM
 #1

Why all crypto market goes RED today?
Bitcoin dump to $8500
ETH to $650
NEO dump to $59

What is going on?
leetlezee
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May 11, 2018, 03:56:49 PM
 #2

The speculation is that the drop was precipitated by 8200 BTC being dumped by the trustee of the Mt Gox exchange, putting a lot of sell pressure on the market. And where BTC goes, the rest of the market follows. https://www.ccn.com/8200-btc-moved-from-mt-gox-wallet-possible-sell-off-affects-bitcoin-price/
AngelSky
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May 11, 2018, 04:13:21 PM
 #3

Why all crypto market goes RED today?
Bitcoin dump to $8500
ETH to $650
NEO dump to $59

What is going on?
wall street adopting the Bitcoin so it is move forward in tomorrow know it is little green in the market. So you should wait and see the Bitcoin hype. This month is not a wealthy jump but this will reach 11k USD to 12k USD is possible.
aleksabat
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May 11, 2018, 04:14:15 PM
 #4

Because the correction time has come. So this week and maybe couple weeks more it would be like that. But its ok.

zeze18
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May 11, 2018, 04:17:00 PM
 #5

Why all crypto market goes RED today?
Bitcoin dump to $8500
ETH to $650
NEO dump to $59

What is going on?
On of the reason because of this rumor.
Rumours that South-Korean traders withdrew large amounts of coins causing the market dip
https://twitter.com/CryptoOfKorea/status/994849916253032448

But don't worry, there are many good news incoming which will pump the price in upcoming weeks
kept-1986
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May 11, 2018, 04:20:52 PM
 #6

my friends experienced investors say that this drawdown is artificial and does not threaten anything dangerous. in a few days there will be a major conference "consensus", after which the whole market will go up. first bitcoin, and then altcoins. not worry about it) I, too, many today lost.
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May 11, 2018, 04:21:52 PM
 #7

I think it has something to do with the news that there was a search at some exchange. Think it was the main news of the whole market began to fall apart, but don't worry, it's temporary

sourish
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May 11, 2018, 04:24:21 PM
 #8

With the graph of past few months, there is a lot of fear and uncertainty surrounding crypto, with every rumor or media hype, setting it back into a spin. This volatility and correction will remain a norm till the global take on cryptos gets clearer.
pheonyx
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May 11, 2018, 04:25:12 PM
 #9

Why all crypto market goes RED today?
Bitcoin dump to $8500
ETH to $650
NEO dump to $59

What is going on?
Don't worry the still not in a bad moment not unless eth hit down to $500.
akashark
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May 11, 2018, 04:28:27 PM
 #10

Why all crypto market goes RED today?
Bitcoin dump to $8500
ETH to $650
NEO dump to $59

What is going on?
On of the reason because of this rumor.
Rumours that South-Korean traders withdrew large amounts of coins causing the market dip
https://twitter.com/CryptoOfKorea/status/994849916253032448

But don't worry, there are many good news incoming which will pump the price in upcoming weeks
Could you please mention that good news or any linked source. I really want to know to stop losing trust on my team from bitcoin. They are just being fed up and they want to sell all of their bitcoins. please kindly mention me. Thanks in advance.

Zyborg
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May 11, 2018, 04:29:37 PM
 #11

Why all crypto market goes RED today?
Bitcoin dump to $8500
ETH to $650
NEO dump to $59

What is going on?

The most important think to ponder is BTC price,today BTC went down to $8600 from $9300 so the same aptitude showed by other Altcoins.Dont be panic its usual in BTC,may tomorrow BTC again goes to $9500 and the rest coins show same attitude.Always be optimistic and no need to be panic,market is not fully recovered.
alian17
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May 11, 2018, 04:31:00 PM
 #12

It may be related to today's investigation of the fifth major exchanges in Korea. The sudden arrival was investigated. It may cause panic in the market. Further analysis is needed for the specific reasons. Wait for the market to recover

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Fatunad
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May 11, 2018, 04:31:48 PM
 #13

Why all crypto market goes RED today?
Bitcoin dump to $8500
ETH to $650
NEO dump to $59

What is going on?
On of the reason because of this rumor.
Rumours that South-Korean traders withdrew large amounts of coins causing the market dip
https://twitter.com/CryptoOfKorea/status/994849916253032448

But don't worry, there are many good news incoming which will pump the price in upcoming weeks
This is one of the fundamentals i do able to read about such news which is really also a factor that will really make effect on the current price.There are several news once again and these kind of scenarios isnt really surprising if we do see green recently then we should really expect for a price corrections either natural or intentional.No one knows but the fact there are upcoming news which do possibly indicates to kick on the bull  run and thats the thing ive been waiting for.
vitkamenev
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May 11, 2018, 04:34:49 PM
 #14

It's the market. To be honest, I'm tired of constantly being on the market and constantly analyzing why today is a fall and tomorrow's growth and after tomorrow's fall again. Now I'm only following significant events. Now though, sleep well Smiley
soname12
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May 11, 2018, 04:36:33 PM
 #15

Why all crypto market goes RED today?
Bitcoin dump to $8500
ETH to $650
NEO dump to $59

What is going on?
I think this is the time to adjust Bitcoin prices. After being pumped up to 9k6, maybe it will have to be reduced a bit and then can pump up to 12k or even 13k. That is my opinion

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anobtc
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May 11, 2018, 04:42:25 PM
 #16

Why all crypto market goes RED today?
Bitcoin dump to $8500
ETH to $650
NEO dump to $59

What is going on?
Because Shark and Whale want that, after they pump alt and BTC during this month  Grin As you can see, on every 5th of each month, price of BTC always in a dip/top interleaved. And i don't think it's a coincident

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Dissident991
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May 11, 2018, 04:44:58 PM
 #17

Why all crypto market goes RED today?
Bitcoin dump to $8500
ETH to $650
NEO dump to $59

What is going on?
Because of South Korea’s largest cryptocurrency exchange Upbit was raided by local police under allegations of fraud, South Korea is one of the biggest cryptomarkets. And I've heard that Kobayashi sold another 8000 btc.
NineBall
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May 11, 2018, 04:45:52 PM
 #18

yes, it's been 2 days it's got a very big dump, so the price has decreased, most people are selling than buying. do not panic sell

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Devanomrz
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May 11, 2018, 04:48:23 PM
 #19

Maybe FUD on country which that country was so influental on cryptocurrency
You know that FUD got big effect for cryptocurrency
Like korea commands their people to paying tax for cryptocurrency
KryptoKai
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May 11, 2018, 04:50:32 PM
 #20

Korean fud will not last long, exchanges getting raided are getting quite frequent now. I doubt they will uncover anything, and if they do it doesn't matter as there are many more exchanges to trade from. They can simply move to kucoin if transactions are still open.

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