What happened? Why do prices fly down?

[Natusik]

For the current day, the prices of the main crypto-currencies show a steady decline, what could this be related to? Is it because of some rumors? And as a result - a panic sale?

[ansi]

crypto people nee to accept the fact that this is how market react when it boomed to much during December 2017 - January 2018 & then the  bearish trend started. what happened back then wasn't healthy at all & mae it look like the worst kin of bubble, now we'll have to wait even more to get back to BTC @10k (it can be month, years, who knows).

The lat " crash " you''re referring too was kind of " market shaking " to make the domino effect, so the scared traders / holders will Tether or dump or cashout.

Now from a technical perspective, this can be a good sign that we're heading to the last bearish wave which can be a bi bloody (new bottom probably). From there we'l have to wait for the next move, which can be the next bu run, but i don't expect it to be as fast as the last one, but who knows.

[adekogbe]

In all truth, the market is still very unstable and this is largely because the growth of Q4 2017 is more of a result of hype rather than an organic growth, therefore the correction this year gas not been pleasant and it may still continue for a while, pending on some regulations.

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[kenharry]

The movement of prices in the market depends on the demand and supply of the currencies available. If the prices of the coins go down  much it is because the coins are not much trusted. Sometimes prices fly down as a result of bad projects.

[chip1994]

I was surprised because the exchange rate dropped sharply today when before the exchange rate of the cryptocurrency market has just increased in exchange rates a few days ago. IMO, the rapid decline in rates is due to investors panic sell and take profit at ETH exchange rate $ 300. I hoped that by the end of 2018 ETH rates will rise to $ 1,000.

[X-ray]

I was surprised because the exchange rate dropped sharply today, when before the exchange rate of the cryptocurrency market has just increased in exchange rates a few days ago.

A lot of people have been selling their bitcoin for the ETF news and you can see that we will be so close to the next ETF deadline and i guess there will be a huge sell off when there will be a news about the bitcoin have rejected by the SEC. This will become a very difficult thing to the bitcoin and whole of crypto dude.

[QueenW]

I think that the fall that happened today was influenced by this news - "The bitcoin purse, which was $ 800M, was activated"- https://news.bitcoin.com/800m-btc-wallet-reactivates-tens-of-millions-to-exchanges/

[Sweedy]

I think so many investors are pulling out due to the red market , FUD every where and then. All men selling at lost in other to hold capital atleast.

[AimHigh]

Yes everyone of us was wondering what is happening right now because the value in market was falling down and we are thinking that market value will rise again? Or not? We hope that we gain again and will rise again. But based on the specualtion of those big investor was it will rise and don't lose hope. We need to trust and believe.

[kotajikikox]

For the current day, the prices of the main crypto-currencies show a steady decline, what could this be related to? Is it because of some rumors? And as a result - a panic sale?

Do not worry that is normal movement  for cryptocurrency i seen as of now the price of bitcoin are stable and have good sign to stay uprise hope not only the bitcoin hope all aktcoin follow to uprise in their king.

[Lorence.xD]

I think so many investors are pulling out due to the red market , FUD every where and then. All men selling at lost in other to hold capital atleast.

      One should note that Market is Volatile, it is unpredictable, anything can happened at any given time during the trading market.  Bad rumors or even panic reaction could result to spike up the price value or worst is the down stream reaction. the KEY in this kind of market situation is PATIENT.

[pitiflin]

For the current day, the prices of the main crypto-currencies show a steady decline, what could this be related to? Is it because of some rumors? And as a result - a panic sale?

Some say its because of ETH rewards going down, but you can't know what the real reason is.

There's of course panic sale involved, but there are more things than just that. But this time, altcoin drop influenced bitcoin to drop, its not a good thing, but a stereotype is destroyed.

[crairezx20]

This is normal to see this price these days because there are some group of whales that can sell large amount of bitcoin this is I think the reason why the price drops a lot.
Or the possible reason may be another Bitcoin ETFs rejected happen yesterday that I think traders could sell bitcoin before the price decreases again.

Also, read the latest news from CNBC that I think can help to know what happened to the price. Check from here https://www.cnbc.com/2018/09/05/bitcoin-falls-after-goldman-reportedly-drops-crypto-trading-plans.html

[DaWidyaa]

I do not know why it is always down, maybe the cause is because people who feel panicked, when someone feels panic with this kind of situation they are most likely to start selling at a cheap price and that is why the price decreases.

[tredingaltec]

it is a very natural thing in the cryptocurrency market so we must be patient in responding to this and not selling it because of panic

[NavI_027]

Rumors? I don't think so. I don't hear any negative news lately so probably this is not the real reason for the dip. Come on guys, don't suddenly presume that there are bad news here in crypto world where there is none in the first place. This things create FUDs which is very bad 

I guess this is just a usual dip. Like all the times. For now, let's keep an eye in the market and be ready for more coin hoarding (in case that it drops deeper) .

[juljon18]

A lot of guys here are talking about market fundamentals and true markets.  This is about as maniupulated as you can get.  This is not a free market.  The ride up in 2017 and the ride down in 2018 was all manipulation and not real market forces. 

[Rostock]

I think that in the next month the market should begin to recover, but on the other hand there are no special prerequisites for this. We just wait.

[chocopapaya]

More often than not, prices fall because trading volume stops or slows down.

We like to think that bad news affects the market, but it doesn't have as significant an effect as we think.

Whenever there is a spike in price, this causes a "Mini Pump" and people start buying and selling.
During that small rise in price, people start putting up higher and higher sell orders.
Once the small burst finishes, people don't trade as much and suddenly, sellers realize they aren't selling for a higher price so they start putting lower priced sell orders up.
The result? Prices go down.

It is a natural effect of supply and demand.
Whenever the demand is higher than the supply, prices go up.
And then, when there is too much supply and not much demand, prices go down.

The only unique thing about crypto is that it is so volatile because there is so much speculation going on.

[blockman]

There's a panic and dump caused by the silk road wallet.(https://bitcoinist.com/silk-road-sell-off-theories-emerge-fresh-movement-800m-bitcoin-wallet/)

I think that in the next month the market should begin to recover, but on the other hand there are no special prerequisites for this. We just wait.

It really has to recover but if it won't work well next month, then we have to say the same thing that it must go and recover for another month.