Why today another big drop?

[Harriti]

Seem like famous people published more bad predictions about cryptocurrency market and seem like it's the main reason for this falling . I don't know why so many guys still believe in predictions ). I don't believe anyone in this cryptocurrency world although it's MtGox or John McAfee

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[eagle10]

If the market continues to fall, there are many weak hands to sell their cryptos and whales will be rejoicing because they win the war against weak investors and massive panic selling is rising that's why there is instant down of the market prices of cryptocurrencies. Holders of the established coins and investors with strong belief in what they hold will win in the long term. Just buy the dip and Hold.

[lllaqpt]

Hello, do you know why today is another big drop in crypto market?
What is happening? I thought that there will be positive trend because last day were green.

Whales did not exactly put their hands on it, it all depends on investors who are in a panic and desire to get the remaining money just out of the market. This is my opinion, but it seems to be the most probable assumption that it is not helping the bulls to win, but on the contrary they interfere.

[PirateHunterr]

Japanese Regulations are scaring the investors. Kraken pulled out. Binance pulled out of Japan. Currently, Japan sent a suggestion to improve the business Governance of AML, Compliance etc.

Japan's seems tightening regulations could be the reason for the deep since Japanese are the highest volume traders by volume.

[Alex077]

Hello, do you know why today is another big drop in crypto market?
What is happening? I thought that there will be positive trend because last day were green.

At the present time no serious reasons or negative news for the fall of the cryptocurrency market. For the last two months, since the beginning of May, trading volumes have fallen rapidly, which naturally drags down prices and losses in capitalization.

[AK47-]

Actually, FA isn't really supporting the market trends. Neither TA is of any help. This is all because of the market manipulation by bulk hodlers aka whales. No one is able to predict short term trends nowadays. In long term that is during the year end, there will definitely be a bullish rally. But market has become unpredictable to trace the next price move. Volume has been hovering over $250 Billion to $350 Billion for quite a time now. Unless there is some significant change in volume, nothing can be said about the next price move. Market has become irrational lately.

[MuffinMaster]

That could happen again in coming days, i am just scared about lenght of that period, i believe that in next 30 days market will show us some possitives moves, that would be perfect.

[btc-facebook]

AFAIK, bithumb got hacked and it's really destroy bitcoin popularity and panic sell is inevitable !

Of course as investor, I keep hold as long as possible because I know this day would come but I'm not expect this happen to soon !

[haroldtee]

I am now looking for a reason on the forum. Such a good upward trend yesterday, but it has fallen so severely today, I am now very confused! ETH even dropped by 10%!

Not sure where you guys saw an uptrend from, but what happened before this further downtrend was a bear flag, but sure, I do not understand everyone to get that. The market is still in a downtrend and we are not out of it, and until further notice, there is always going to be a possibility of going lower. If you cannot trade, just hold as the market will still recover no matter how low it gets, and if you have bucks to accumulate the dips, now is the time before you start regretting you had the chance to buy lower and you did not.

At the present time no serious reasons or negative news for the fall of the cryptocurrency market. For the last two months, since the beginning of May, trading volumes have fallen rapidly, which naturally drags down prices and losses in capitalization.

Trading volume are always bound to reduce when there is uncertainty in the market, so, it is nothing unusual. For now, we just keep close watch to see where we get to see the bottom but it seems we ain't close. Anyone of us may end up wrong, but we are in a bear moment and anything is possible.

[rasu_pa]

Big drop is because South Korean exchange Bithumb was hacked for $30 million, and Japan’s regulator FSA has crackdown on cryptocurrency exchanges. All the things are going wrong now. Bad moments...

[onrise]

That could happen again in coming days, i am just scared about lenght of that period, i believe that in next 30 days market will show us some possitives moves, that would be perfect.

Hope this does not turn out to be true and we should not face any such issue that price is crashing badly. The period seems to be get over soon and people who had being waiting patiently will discover the true price in coming days when it starts to rise back again and get dominant.

[mahoni2100]

I guess these are taking place to clean up the unnecessary investors in the market and the small numbers of overcrowding in the extreme and to make a better way.

[DonFacundo]

I don't know what happen to the crypto market I don't see FUD happening or negative news about crypto, I think the weak hands sold their bitcoins.

[natka]

I guess these are taking place to clean up the unnecessary investors in the market and the small numbers of overcrowding in the extreme and to make a better way.

To be honest, I can not understand your line of thinking. What do you have in mind? How does the market drop clear the society of investors?

[ehiozuwa]

It may be related to the bithumb hack, it is hard to tell.

[RAGEmond]

Hello, do you know why today is another big drop in crypto market?
What is happening? I thought that there will be positive trend because last day were green.

Just be patient.  There is no need to stress out over the small price dips.  Yes I consider these dips small even though they may look huge to new investors.  Zoom out and look at past crashes, this is nothing new.  Bitcoin once fell from 30 dollars to 2 dollars and look where it is today.  You need a long term mindset, not a short term one.

[X-ray]

That could happen again in coming days, i am just scared about lenght of that period, i believe that in next 30 days market will show us some possitives moves, that would be perfect.

Hope this does not turn out to be true and we should not face any such issue that price is crashing badly. The period seems to be get over soon and people who had being waiting patiently will discover the true price in coming days when it starts to rise back again and get dominant.

It looks so difficult consider the volume is always decreasing time to the time. Even the first major exchange site just like binance's daily volume trade is less than 1 billion dollars.
it looks like until the whale will pushing back the market and the demand will be scared to jump in.

[deadsilent]

Hello, do you know why today is another big drop in crypto market?
What is happening? I thought that there will be positive trend because last day were green.

Maybe market just reacted from the recent FUDs which was the hacking of Bithumb and the questions about Bitcoin's legality worldwide and many more. Huge capital was pulled out from the marketcap causing Bitcoin falls down to $6100+. This is not new to me. I think whales are manipulating Bitcoin to scare investors and sell their Bitcoins so they coulld get handful of Bitcoins. Some analysts predicted that Bitcoin could rebound to this price which contrary to what markets movements and it makes investors lose trust to Bitcoin and i think it's a possible reason why Bitcoin dropped $700 of its price. We all don't know what's the reason why it drops hard.

[electron-coin]

I think that it is not profitable for strong players to have the price go up. They want to drive people into such conditions that no one knows what to do and in a panic began to sell all of their coins in a minus. And many now do just that. At the current market I think that we will go as low as no one expects, and only after that the price will begin to rise. So have patience.

[Oasisman]

Hello, do you know why today is another big drop in crypto market?
What is happening? I thought that there will be positive trend because last day were green.

Maybe market just reacted from the recent FUDs which was the hacking of Bithumb and the questions about Bitcoin's legality worldwide and many more. Huge capital was pulled out from the marketcap causing Bitcoin falls down to $6100+. This is not new to me. I think whales are manipulating Bitcoin to scare investors and sell their Bitcoins so they coulld get handful of Bitcoins. Some analysts predicted that Bitcoin could rebound to this price which contrary to what markets movements and it makes investors lose trust to Bitcoin and i think it's a possible reason why Bitcoin dropped $700 of its price. We all don't know what's the reason why it drops hard.

Due to the recent Bitthumb hacking, the market have lost $17billion and it greatly affects the prices of altcoins like Eth and EOS to be specific. Bitcoin are also reacting due to the huge sell out of these alts, adding also those people who dumped their alts due to a worse bear run.