The Crypto Apocalypse

[ArteMixer]

What is going on to the market? The prices had gone down sharply, especially Etherium at -12.47% and Bitcoin at -8.14% and there seems no stop to that decrease, as for now. Any idea what could have happened? Some news affected the rate, or maybe it's just the overall market mood. 

P.S. Maybe it has nothing to do with that, but Facebook shares grew quite a lot in the recent 48 hours.

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[Lagrood]

Last couple days are really awful I think that it has happened because dollar has strengthened I mean DXY (US Dollar Index) but I think that crypto market will reverse its direction quite soon to an upward trend.
I am holing BTC and ETH and I do not feel well when I see on a market chart because I understand that we probably touch the resistance level again.

[davis196]

What is going on to the market? The prices had gone down sharply, especially Etherium at -12.47% and Bitcoin at -8.14% and there seems no stop to that decrease, as for now. Any idea what could have happened? Some news affected the rate, or maybe it's just the overall market mood. 

P.S. Maybe it has nothing to do with that, but Facebook shares grew quite a lot in the recent 48 hours.

The BTC price is down by only -8,14% and you post a thread with the title "The crypto apocalypse"
Is this clickbait or is it overreacting?I don`t see any drama in the current price decrease,I was expecting that the bearish trend will continue during the summer and I was right.
If the btc price goes down to 1000 USD ,you are free to post about a crypto apocalypse.

[Mancung]

There is no apocalypse, absolutely no. Just negative trends in this month. We all know how volatile cryptos are, actually it will goes up again by the end of next month. Bitcoin prices has been through worse than now, it will always bounce back

[o_e_l_e_o]

there seems no stop to that decrease, as for now.

When Bitcoin price was going $10k, $12k, $14k, $16k, $18k in the space of a few weeks, there seemed like there was no stopping the bullrun. The market always seems like it will continue in its current trend, until it doesn't.

There is no reason to panic if you still believe in the technology and the innovation. Stop checking the price and come back in a month or two.

[maloibtc]

I think that it is really early to say anything about apocalypse because BTC and crypto in general has a great potential. I am sure that it will be number one on the market soon. and large companies will understand the potential of the coins

[Old God]

I am relaxed now, i know, i will win coz i have alot of patience, we cant do anything with the market, we have no influence to control on it, or change, all we can do is to be on the right place at the right time, so do not miss your opportunity with it.

[charlotte04]

What is going on to the market? The prices had gone down sharply, especially Etherium at -12.47% and Bitcoin at -8.14% and there seems no stop to that decrease, as for now. Any idea what could have happened? Some news affected the rate, or maybe it's just the overall market mood. 

P.S. Maybe it has nothing to do with that, but Facebook shares grew quite a lot in the recent 48 hours.

You can't uphold anything if what is the market going to do. We just have to wait and see whether it is the dip on that we could buy and simply wait for a mini bullrun to sell.

[Tylev]

The price of bitcoin fell by only a dozen percent, and this is an apocalypse? This is not even written, when he after the December increase fell as much as 70 percent. To big volatility bitcoin need to get used to and treat calmly. Bitcoin falls in price because it wants to fall. Here hundreds of different conflicting circumstances work simultaneously. You want to find the main reason for this fall. It simply can not be. The course of bitcoin can be a reflection of thousands of different small causes. So relax. When bitcoin wants to grow in price, he will do it.

[andriarto]

i think this is a natural thing because there is a correction according to my analysis, we must be calm in addressing market. for me most important find the lowest point of correction and you buy with all the strength

[dothebeats]

A few percent change on a given crypto's price is somewhat normal given the volatility these coins are expressing ever since a lot of people flooded the cryptospace. We have had worse runs and corrections in the past yet we still managed to get past through it. The series of impending bans from China, crackdown on ICOs and multiple negative comments and statements of billionaires toward bitcoin and crypto somewhat added to the fire and selling pressure. Overall though, we're still in a good shape, with the bullish sentiment remaining in the background while the bearish mood seem to be taking control subtly.

[BartS]

What is going on to the market? The prices had gone down sharply, especially Etherium at -12.47% and Bitcoin at -8.14% and there seems no stop to that decrease, as for now. Any idea what could have happened? Some news affected the rate, or maybe it's just the overall market mood. 

P.S. Maybe it has nothing to do with that, but Facebook shares grew quite a lot in the recent 48 hours.

I'm not really trying to be harsh on you or anything like that, but if you get scared about such movements in the market which by the way are completely normal for a currency like bitcoin then I do not know if the market of cryptocurrencies is the market where you should be, maybe you should feel more comfortable investing in the stocks market, after all it seems that you're watching it taking into account your comment that Facebook stocks grew in value, maybe you will feel more comfortable if you invested in such a market instead of this one.

[ttking]

I can't say that I agree that now the situation is closer to apocalypse. I think that it will change for the better soon and btc will take the main role on the market being the favorite coin for most companies

[boyshx]

What is going on to the market? The prices had gone down sharply, especially Etherium at -12.47% and Bitcoin at -8.14% and there seems no stop to that decrease, as for now. Any idea what could have happened? Some news affected the rate, or maybe it's just the overall market mood. 

P.S. Maybe it has nothing to do with that, but Facebook shares grew quite a lot in the recent 48 hours.

Off course it has got nothing to do with the Facebook at all. The crypto currency is really volatile and there are many FUD's going on that exchangers are manipulating the prices of the bitcoin and other crypto currencies in the market. But that is not true thing and its just FUD as I stated earlier. The real fact is that due to such FUD's market gets into the critical situation and when it comes to the weak handed peeps then they start panicking about the whole situation and thus they start selling off everything they have got on board. Thus the mega drop follows. 

[trecore4]

What is going on to the market? The prices had gone down sharply, especially Etherium at -12.47% and Bitcoin at -8.14% and there seems no stop to that decrease, as for now. Any idea what could have happened? Some news affected the rate, or maybe it's just the overall market mood. 

P.S. Maybe it has nothing to do with that, but Facebook shares grew quite a lot in the recent 48 hours.

Reasons for these things are really unknown at this point. Some says that it is just the normal correction and some say that the technical analysis is proving that it is the bearish trend where we have entered when we dropped below the 8K USD. Some of them are saying that this could even follow down to prices of 6000 USD which is the base price of this year or a support line for the Bitcoin and thus rest of the altcoins are also in the critical situation due to that.

However unlike the honest investors in the forum I will also suggest that dont be FUDer in this bad timing and try to be stubborn on your trades. Hold and save the crypto currency falling below unexpected lines. 

[chillitabit]

What is going on to the market? The prices had gone down sharply, especially Etherium at -12.47% and Bitcoin at -8.14% and there seems no stop to that decrease, as for now. Any idea what could have happened? Some news affected the rate, or maybe it's just the overall market mood. 

P.S. Maybe it has nothing to do with that, but Facebook shares grew quite a lot in the recent 48 hours.

crypto has been decreasing since the start of the year, so no relation to facebook. Let's forget about falling prices, it was even less than $1 before, the price is still very good...

[GoldenLad]

It just the natural market mood. If you are conversant with the market, you will notice that some times it goes up, sometimes, it goes down. Recently there haven't been any FUDs that might  cause the price down..so it's just a normal market float. You shouldn't be expecting the price of bitcoin to always go up without going down.

[LogitechMouse]

What is going on to the market? The prices had gone down sharply, especially Etherium at -12.47% and Bitcoin at -8.14% and there seems no stop to that decrease, as for now. Any idea what could have happened? Some news affected the rate, or maybe it's just the overall market mood. 

P.S. Maybe it has nothing to do with that, but Facebook shares grew quite a lot in the recent 48 hours.

Hahaha. Maybe you posted this 'CRYPTO APOCALYPSE" thread because you are one of the newbies panicking right now saying "Bitcoin has no stop in dropping, it will go down WAAAAAAA!!!!". If you are new to bitcoin then you need to know that this is just a massive market correction and its normal and in fact, it gives us the opportunity to accumulate more coins. Buy the dip lols.

[BrewMaster]

this drop may have been the result of the news about US launching an investigation into manipulation in cryptocurrency markets. and because people knew that there is lots of manipulation around they panicked an started selling and caused the latest drops. and whenever that happens to bitcoin the others follow it harder like it is a race

however, i wouldn't still call this "apocalypse"!

[without_my_moufles]

Apocalypse? Well, Bitcoin is moving around 7-9K for a while now, decreasing on the last days yes but nothing new in terms of volatility of the crypto market.