The market is looking all red once again

[cybersofts]

Oh my, the market is looking all red so bad that can see nothing but the red all over the place.
What is the reason behind this massive market crash in the middle of this month of November?
Everybody is expecting another crypto boom by the end of this year like the last, why the crash now?

[1714679936]

1714679936

[1714679936]

1714679936

[1714679936]

1714679936

[1714679936]

1714679936

[1714679936]

1714679936

[BUK2016]

Don't be dismay concerning the current price but hope for a greater tomorrow were the market price will boom again. This has show us that digital currency are asset and we must all wait patiently to reap out our labour. The mighty are crawling.........Hold don't sell till the tumor is over. 

[Bustart]

Oh my, the market is looking all red so bad that can see nothing but the red all over the place.
What is the reason behind this massive market crash in the middle of this month of November?
Everybody is expecting another crypto boom by the end of this year like the last, why the crash now?

The crash was an unexpected situation that occurred lately, and it made me surprised when I woke after a deep sleep. I think the panic and bearish wasn't over yet and based on the lists of coins shown here most of them were at very dumped price. This is not good to see for now, so we needed to be within our control when we see this kind of trends of crypto, because if you won't do that you'll lose everything.

[gantez]

Really not really good. Although, I was not expecting a rapid price increase this end of the year but the blood bath is also rather not expected. My expectation to the end of the year was that market price will maintain the range.

[dothebeats]

There we have it, ultimately breaking the $5800 low that we once thought was rock solid for a while. I never though it wiuld be a fast decline for bitcoin overnight seeing how clumsy the sell orders were just hours ago. Every top coin seems to be on the red right now, hinting that almost everyone is pulling out their money from crypto on the upcoming Black Friday, but what does it really mean? Things are getting quite interesting as bitcoin seemed to once again, deviate from its normal price trajectory at the end of the month.

[Quidat]

I just saw that price dumping and pumping a while ago in marketcap and it's quite fast to just happen within a couple of minutes the price was slowly dumping and dumping until it stuck at $5500. This -1000 of dollars in the bitcoin market seems frustrating to look because we haven't yet recovering from the dump and yet here it is we got another dump.

[harizen]

Yes market is red but disregarding the USD price, some alts on my portfolios are still having the same value or no movement at all in terms of BTC price. So nothing will changed on my strategy since the purpose is to hold.

The current situation will test people's own way of making an analyzation on what to do. This is gonna be tough if price will break down more in the following days.

What to do next? Buy or dump, it's on our own hands.

[pixie85]

Everybody is expecting another crypto boom by the end of this year like the last, why the crash now?

Because nobody was expecting it. Bitcoin always does the unexpected. A good indicator is tradingview. When most people there say that it's over and it's going to go down hard you can expect that it will go up and when they predict an uptrend you can expect that it will go down. last week most of them predicted that since we were going flat for so long we have to had bottomed out. Guess what, they were wrong!

[mariah.sadio]

This is the best timing to buy cryptocurrencies which have low prices or value and wait for the mean time to its price to become high again. Hodling is the key. Perfect chance to invest your money with almost all alts and cryptos are mostly red from the market.

[khaled0111]

I can't find any logical explanation for what happened.
It was a sudden drop, Bitcoin lost more than 10℅ of its price in few hours!!
Let's hope holders do not get scared and start panicking.

[blockman]

I used to changed my expectation that a boom wouldn't come by end of the year so I won't be expecting something. If the market crashes then that's unexpected but I'm not expecting more of it.
Don't panic, the market is red for now but it will go green afterwards. This isn't really a new scenario in the market, there's time to heal, there's time to feel weak, there's time to hold. The reason for the said crash is speculated and has relation to the fork.

[Flagship11]

And guess what? Tomorrow it will all be green again so you have nothing to worry about (long term).
Shut down your computer and go outside, get some fresh air and forget this turbulence even happened.

[Sarastiche]

Expecting a market bullish run after the bearish market, hopeful that this is the last market correction, no need to panic  sure the future which is near will tend to compensate for the bearish market we have experience since the year 2018 began

[Fies7aa]

Buy buy buy! All coins are for sale!

[Reid]

Just one night and here it goes.
I also dont know what is the reason behind it but I have my own speculations.

This could just be a start to a better value of those coins that should really have one.
Bitcoin dragging every altcoin though is not new anymore. That will always happen since mostly are converted to bitcoin to know what the value of each.

[FlightyPouch]

Expecting a market bullish run after the bearish market, hopeful that this is the last market correction, no need to panic  sure the future which is near will tend to compensate for the bearish market we have experience since the year 2018 began

Been expecting the same since this is the month when the price is usually increasing or pumping but it is not happening now so I think we should not compare the price change this time. Instead of panicking, I think we should take this as an advantage to our investments and buy now while the price is low. When the price pumps, it will be a good and great investment.

[Shimmiry]

Really not really good. Although, I was not expecting a rapid price increase this end of the year but the blood bath is also rather not expected. My expectation to the end of the year was that market price will maintain the range.

I agree. Or rather it will rise but not that much, because it is to hard to rise from that kind of dump. But then everyone should do hodl and wait for some more time. This year is probably not a good year for crypto currency. But next year will probably be. This year is the dump and next year is the pump.

[reynald70]

Yes all coins in the exchange market all follow the price of Bitcoin, if the price of a bitcoin falls automatically the price of Altcoin will fall too, I see the case now because of the Fork BCH that will occur on November 15, I read an article about the fall in Bitcoin prices now because people are affected by the Fork BCH, but I'm not affected by the news, I think more positively now, if Bitcoin falls now because there are whales selling large volumes of bitcoin so the price of bitcoin falls.

[Afnan_faizah]

Most of us are trader, and all of traders wants profit. No more long term holding, people will sell their cryptocurrency if they get chance to gain profit in form of fiat. They will buy those cryptocurrencies again after the price fall.

[Riingdian]

Oh my, the market is looking all red so bad that can see nothing but the red all over the place.
What is the reason behind this massive market crash in the middle of this month of November?
Everybody is expecting another crypto boom by the end of this year like the last, why the crash now?

https://i.imgur.com/x9tBXxH.png

That is just people's prediction about the boom by the end of this year but there is no evidence. We should not be so serious now, I think this boom will explode next year.2018 is a year to learn about cryptocurrency.