What just happened?

[Jonking]

I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?

A major withdrawal just happened in Crypto, I see it as manipulations, from $220b there about to $191b, thats massive.

I guess your right, market manipulation again, but i hope this manipulation will bring the market to rise again and hoping to see the bullish market again

[Baofeng]

I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?

It's a total crypto bloodbath today. I'm speculating that it has something to do with the Bitcoin Cash scheduled fork. Just scary though to see bitcoin breaks it 52th low's today. There's probably someone big decided to dump his bitcoins prior to the said fork to make more money or just afraid of the uncertainty surrounding that event. So let's see how it pans out or when the dust have been settled.

[royalfestus]

This may be a bad sign that the bullrun may not be coming soon. It might be called a panic sell off, to me it is still my description of market manipulation. manipulation will always have a name tag. If the market does not get back soon then it might get more difficult in the coming months.  

[Piskeante]

THE MARKET IS DEAD!!! HOW MANY TIMES DOES REALITY HAVE TO HIT YOU IN THE FACE TO REALISE IT???

[makadaka]

these are manipulations from whales and there is nothing surprising in this. everyone was expecting growth here and get a very good dump

[frekans07]

today almost all the cryptocurrency under the leadership of bitcoin were red. Unfortunately, this type of loss can happen in the crypto world, so be careful.

[saycryptohello]

caught a wave of falling Bitcoin, all the other coins followed him. Yes, the situation of course quickly changed

[passwordnow]

I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?

Flash crash.

THE MARKET IS DEAD!!! HOW MANY TIMES DOES REALITY HAVE TO HIT YOU IN THE FACE TO REALISE IT???

Dead with billion market cap? nah. The market isn't dead, if you want to discourage people here well that's you but sorry to say that the market isn't going that way.

[go4crypto]

There is some speculation that this flush down is somehow related to upcoming Bitcoin Cash fork tomorrow. But it does smell of manipulation by whales or other big boys.

[kewlc3s]

I believe it all happened because of upcoming BCH fork..

People selling BTC and dumping price of BCH to buy them cheap.

Many investors switching to BCH nowadays. Roger Ver one of persons responsible for that.

Also oil price affected this drop

[claus-rich]

It is very difficult to understand why the market went down. I have not heard any negative news in the world of cryptocurrency. Perhaps this is the result of large manipulations.

[chokomenia]

I really can't explain it because the price drop happen so quick, i check the price of eth it was 210$ and few hours later i check back it was already 196$, I think the drop is that some people are selling off ahead of xmas and it could continue to go downwards until it find new support level.

[Jadz]

Big dump from big guys   During the crash, I usually buy the most perspective tokens at the lowest price. Wellknown: Ripple, Ethereum. I also bought some VITE and Loopring, because these coins are going to be among the greatest in a several years.

[Ganzig45]

Oh, I don't even want to look at the market yet. it's all red and all my coins fell again, it's even lower than in summer. but I think it's now necessary to increase coins. so I hope for good growth.

[smoolae]

Bitcoin cash is having some kind of dumb market sell war where Craig Wright probably just convinced a bunch of madmen to market sell 35k Bitcoin cash and completely break market liquidity.

[jrrsparkles]

I go on coin market cap everyday but this time when i look i see a significant drop in crypto! what happened?

All the cryptos were belleding in red for now but don't know what is the exact reason behind this and as above says it maybe a whales action of huge withdrawal or some negative news about the cryptos were launced to the crypto community.But I believe this won't stay much longer we will see the red days in soon.

You believe crypto will drop even more ?

Even if they drop more it won't be stay at this level because whales won't let the price of bitcoin to be in that range since the mining is profitable is only at $6000 range so if they are not making the price to go higher then the problem is for them so don't worry it is the right time to buy coins soon it will go above that range.

[andor.gellenhidi]

If the conversation is still about the reasons for the collapse of the BTC price, then I think the news will come later, or maybe they already have it, only I haven’t yet seen and understood why it happened, but in general I would probably say that the situation is local and soon we let's go up again.

[llyfee4u]

Has the world ended yet?   Massive impact from incoming BCH fork i believe is the reason for this episode, and of course a ripple effect as can be expected.  Going by the recent green shoots of recovery, woke up this morning and checked blockfolio, bang it hit me.  IMO, this is just another opportunity to buy at discounted prices to decrease my investment average.  It seems that we're stuck in this cycle for the remainder of 2018.  

[Suwycu]

The market for such falls occur not for the first time, so you need to treat it calmly and not to panic...

[Tosin12]

Since the sharp drop in the price of bitcoin and altcoins yesterday, there has been several rounds of development alluded to as the cause of the fast downtrend in the crypto market but no one can actually pinpoint the exact cause but I feel the market is adjusting naturally and settling for renewed growth imminently. I'm anticipating the launch of bakkt because I think it will be accompanied by some great positive development