What Actually Govern the Crypto Market

[nattykio]

The cryptocurrency market witlessness a rapid drop within the past 24hours with many coins falling by above 10%. The drop is so sudden that it can make one wonder what is going on. What can we say is responsible for this massive movement?

[vladmiranda]

Some big whales dumping.

[manggis97]

I did not see any bad news on the market,  but the price dumped,  i think this is because whales did it and they been take profit.  And they will buy back at lower price.  Situation of Crypto market now is very different with afew last year , which the price is natural and did not controled by whales. To avoid big loss,  now we should always use stop loss in all open potition and never forget it.

[tanzaholzmann]

I did not see any bad news on the market,  but the price dumped,  i think this is because whales did it and they been take profit.  And they will buy back at lower price.  Situation of Crypto market now is very different with afew last year , which the price is natural and did not controled by whales. To avoid big loss,  now we should always use stop loss in all open potition and never forget it.

you are right, I always forget to do stop losses, because I think the price of cryptocurrency assets in the market will rise again, but I will try to stop losses because I think it takes a long time for the price of cryptocurrency assets to recover.

[Gadhoh]

The cryptocurrency market witlessness a rapid drop within the past 24hours with many coins falling by above 10%. The drop is so sudden that it can make one wonder what is going on. What can we say is responsible for this massive movement?

volatility and the large number of market users, prices will rise if indeed the market conditions are full but will go down instantly if many assets are lost.

[Yaunfitda]

The cryptocurrency market witlessness a rapid drop within the past 24hours with many coins falling by above 10%. The drop is so sudden that it can make one wonder what is going on. What can we say is responsible for this massive movement?

It boils down as how much the whales has total control of the market. If there are whales that are dumping right now, then the consequence will be far more greater. However, I still believed that this sudden drop might has something to do with FUD or negative news. I speculate that there are bad news that cause this panic. We will find it out in the next couple of days.

If there's no bad news, then we can blame them to the whales. But if you a whale, it doesn't make sense to dump at $6400-$6500, they have set up the bull trap around $7K. So for me that's the best time for whales to dump and take profits and not with the current price. Anyways, this market is really prone to manipulation so I wouldn't be surprise if this sudden plunge was due to some whales dumping and re-buying at cheap price.

[karungbitcoin]

The price of crypto crash because many trader and investor predicted the price will keep down because so many FUD and bad news on the market so they sell their own crypto immediately. But bearish is not forever ,this trend will change later to become bullish. Last year many crypto going up to 100 times and this year timing for crash, and then next year will change again to bull run because crypto is have good future.

[danherbias07]

Fud, bad news, negativity and also spdculations which have been roaming around for a long time.

Weak hands are growing. They come in and out even with loss in their investments.
They are too scared it will go to zero. So what they will do?
Sell it away and never even thought that are others are affected with.
Somehow I think of crypto investing as a team work.

[aoihs00]

The cryptocurrency market witlessness a rapid drop within the past 24hours with many coins falling by above 10%. The drop is so sudden that it can make one wonder what is going on. What can we say is responsible for this massive movement?

The only thing that governs the bitcoin is its decentralised stuff! This character is such that it puts no limit on its use, trading, buying and selling and much more. This is what affecting the current drop where someone at the corner of globe must be selling his/her huge pile of BTC. There is nothing that moves the prices of bitcoin like that. Only a massive sell can make the prices of bitcoin dump like this. Now it is very hard to trace who that might be besides a wallet address from here huge BTC were transferred to the exchanger for selling purpose. Only that much clue we can get for now and this is the only reason for the current drop.

[Ctn]

Some big whales dumping.

Indeed. There had been reports that someone moved their 11 thousand bitcoins from the wallet so that they can start trading of it. And highly doubt that this is the guy who's dumping the bitcoin like crazy and shook the world right now. The net effect followed by panic sellers as always where they started to dump the crypto currencies and thus total market cap is disturbed one more time here. Overall it is dropping currently and keep doing so until the time comes when all the seller walls will be filled up and then buy walls will be taking over. Just imagine those 11 K BTC are currently worth equal to 11,000 X 7210 (price at the time of first dump occurred) = 79310000 USD !! Thats huge dump!

[daicavung]

The crypto market does not have any major constraints other than large institutions that stop investing in this market. If a large organization stops investing, the capital will fall and the price of the coin will fall sharply. score now

[richcorner100]

Crypto market is bubble, and from this price action, now we know how to make profit from crypto. We should be enter to the crypto market when the price of crypto going down to 70% to 90%, and after push 10 to 20 times we should be quit from the market.

[naidray]

The cryptocurrency market witlessness a rapid drop within the past 24hours with many coins falling by above 10%. The drop is so sudden that it can make one wonder what is going on. What can we say is responsible for this massive movement?

Nothing, that is the good and the bad part of crypto market in general. Back in the day when there was not so much money to be made by bitcoin from trading (because the marketcap was too little so if you put up like hundreds of million dollars into it than you would probably get the market either cripple or swing like hell and you wouldn't profit) and because there wasn't a way that people couldn't play with the market we were fine, we wanted to be unregulated and we wanted to have no government at all, a true "peoples money" so to say.

However, lately because of the whales getting their money into bitcoin and bitcoin becoming really high compared to what it was and the marketcap allowing millions of dollars to change hands everyday this caused an unregulated crypto market to be really manipulated and speculative which resulted with less trust and loss of interest. I am still behind it but it may come with a price.

[Slow death]

What can we say is responsible for this massive movement?

The ideal word would be: "disillusion".

I will explain better, in the past years we had no regulations, practically governments ignored bitcoin. many people bought bitcoin and many other people were very optimistic about the future of bitcoin and the price of bitcoin did not stop rising, could have some falls, but in the end the price did not stop rising, it happens that the bitcoin price went up so much that caught the attention of governments that started to implement unfavorable regulations for bitcoin and at the same time the price of bitcoin could not keep to the level of $ 18000, causing the price to drop to $ 6000 and many people lost money in that process, with those losses of money people left the crypto world. See the price that all altcoins had in May and see their current prices, you will see that the losses are very high.

Some big whales dumping.

why would these supposed " whales " would do that?

[charlotte04]

The cryptocurrency market witlessness a rapid drop within the past 24hours with many coins falling by above 10%. The drop is so sudden that it can make one wonder what is going on. What can we say is responsible for this massive movement?

Just the same old ways to make people fear and go out the market. When all weak people finally out of the market the whales will start to pump it all.

[Usafstar]

In my opinion it is not a drop but it will change the people priorities and their investment behavior like in the past we have seen sudden drops and then a sudden rise so i am used to it the drop is just a speculative game they manipulate the market through their tactics and if we look at the history these drops comes several times, the main thing is mind set when you ready to invest in the growing potential coins and you can make it profitable now many exchanges are preparing white papers where the detail of market is dissuading we should look that before investment.

[jrrsparkles]

Simply the demand and supply but lot of this causes the changes in the demand that might be whales or the governments or etc.And most importantly you/we are also the reason of this cryptos growth so if the prices were still falling means some of the investors are not ready to hold so lets hold together if we want the prices to stable and increase.

[posi]

Simply the demand and supply but lot of this causes the changes in the demand that might be whales or the governments or etc.And most importantly you/we are also the reason of this cryptos growth so if the prices were still falling means some of the investors are not ready to hold so lets hold together if we want the prices to stable and increase.

The crypto currency market was indeed govern by the demand and supply rate but there are some conditions which will determine the level or rate of demand and supply of the market. An example of those things are the FUD, market correction and whales.

[josephdd1]

I think the simplest answer to your questions is supply and demand, just like in any other markets. However, this one is more vulnerable to changes, typically caused by news.

[armarsterling7]

The cryptocurrency market witlessness a rapid drop within the past 24hours with many coins falling by above 10%. The drop is so sudden that it can make one wonder what is going on. What can we say is responsible for this massive movement?

I think this is how the market works from years past and I think you should be familiar with this. We can not demand markets to operate in different ways. We have to change the strategy to fit the market.