What happened to the Crypto market?

[bettercrypto]

The cryprocurrency suffered a hard blow yesterday resulting to bitcoin sharp fall and obviously a domino effect on altcoins. According to some experts, the recent decline is attributed to the anticipation of hard fork on bitcoin cash that will result to two version of bitcoin cash. Investors are momentarily waiting for the end result and see what might happen.

[Ozero]

Yes, i am also think that a lot of people decide to take part in fork of Bitcoin Cash and they sell their BTC to take part in it. Not strange that BTC price falls. But i am think that it will raise againe after fork will be finished.

Today’s tough BCH fork cannot be the cause of yesterday’s fall of Bitcoin and another cryptocurrency. Look, BCH itself fell 16 percent, even more than bitcoin. Since recently, many began to write about the fact that the price of Bitcoin has become stable, he decided to prove that he is the same unpredictable Bitcoin.

[nreal]

I think two versions of bitcoin cash will compete to become the dominant chain, and some diggers will move from bitcoin to bitcoin cash to get support for either version. This may be the cause.

[Andruha1993]

I think this is the Calm before the storm. Since after the fall of the price is always its rapid growth. Therefore, we wait and hope.

[Crypdon]

The crypto market is being tested time and time again, perhaps it has sank in time for the decision by sec to help institutional investors to get in at a better price.

[baricuri]

If anyone knows anything about this market then that person is too good, I think everyone involved in this market just hope to meet the luck, I think we will get results if we keep on Patience, persistence will help us achieve great success.

[kalstarzz]

I see the current crypto market movement is very bad. The price of Bitcoin dropped dramatically. Altcoin also turns red.

See screenshots of coinmarketcap!
I made an animation from BitUniverse.





In my opinion that this happened due to the hard fork Bitcoin Cash.
What do you think about this?

I don't see what happened in the crypto market today caused by bitcoin cash. but this is caused by the tragedy that happened in Australia, in Australia, there are many bitcoin scam ATMs, and I think that is the cause of today's bloody tragedy. I hope this doesn't last too long.

[cryptotycoon33]

I see the current crypto market movement is very bad. The price of Bitcoin dropped dramatically. Altcoin also turns red.

See screenshots of coinmarketcap!
I made an animation from BitUniverse.





In my opinion that this happened due to the hard fork Bitcoin Cash.
What do you think about this?

I think the crypto market was reacting to the Bitcoin cash fork, where many investors were pulling their funds from the bitcoin market to buy Bitcoin cash so to enjoy the benefits associated with the fork activities,i believe it will recover very soon

[Sadyshagg]

It could be a manipulation. And this kind of manipulation is exactly why the ETF's for bitcoin keep getting rejected.

[batang_bitcoin]

It could be a manipulation. And this kind of manipulation is exactly why the ETF's for bitcoin keep getting rejected.

There's no statement that came out that this is the reason for rejection. And aren't those ETF proposals are being reviewed until now? forget them anyway there's Bakkt's launching on December 12 which is better to rely on that the always rejected bitcoin ETF proposals.
It's not new that there's manipulation in the market and only the whales are the ones that are controlling it.

[GREENch]

I think there is no need in comments on price situation. But we all should know who’s fault is this. Three main persons: Roger Ver, Jihan Woo and Craig Wright
Just check that:
1) https://twitter.com/proffaustus/status/1062751765601361923?s=21
2) https://twitter.com/proffaustus/status/1062752448660541440?s=21
3) https://twitter.com/proffaustus/status/1062796476877811718?s=21

[begau]

I see the current crypto market movement is very bad. The price of Bitcoin dropped dramatically. Altcoin also turns red.

See screenshots of coinmarketcap!
I made an animation from BitUniverse.





In my opinion that this happened due to the hard fork Bitcoin Cash.
What do you think about this?

We will believe in the crypto and Bitcoin market until next time? I do not feel strong belief in Bitcoin as last week. Hoping a price shock goes up much but it goes down.Bitcoin $ 5,664 Actually, i dare not believe it is true.

[corrado25]

It happened that the principle was predictable. After such a long flat with each passing high minimums many believed that there will be a pump but this did not happen.All the news and thoughts that are now telling about the causes of the fall are just guesses. The real cause of the collapse will be known over time.

[emezh10]

From the looks of it, there was a liquidation of 12bn of $ in bitcoin, that together with the announcement of a fork of bch has brought a little fud in the market, that's why the price is going down so much, and if you need advice? buy, it's a good discount and I don't think it will last in that price for a long time, so take advantage and buy.

Don't mind if I do!

   It is going crazy again, it drops when everybody is looking forward for the possible Bull run, Crypto market is having some issue right now and no one can predict what had happen lately. For me it is just a market Volatility, price value goes up and goes down dependent on the volume of investment and investment shift to other market??? But i believe the correction after the market drops will follow soon. Be patient and hold on to your investment, make a market review decide if you must, protect your investment but don't Panic.

[Vilagra]

I see the current crypto market movement is very bad. The price of Bitcoin dropped dramatically. Altcoin also turns red.

See screenshots of coinmarketcap!
I made an animation from BitUniverse.





In my opinion that this happened due to the hard fork Bitcoin Cash.
What do you think about this?

I think you overvalue Bitcoin Cash for cryptomarket, almost any big news influences market capitalization, espessially bcash fork - everyone doesn't pay attention  to this news. Market is very manipulaitive and if whales decide to drop the price they will do it and news isn't important.

[Ivanmikronov]

I was amazed at the price, I thought I was dreaming, after so many days of standing in place, the market went sharply down, maybe it's because of BTH or for any other reason, it is important that last year it was the same and then began a rapid growth.

[nezzard]

Difficult situation. Few people can accurately determine what exactly triggered such negative changes in prices. Maybe the upcoming events in China and Europe will change the situation before December.

[Raja Singa]

It's noot caused by bitcoincash and it's a usual thing when you can try to see the latest chart of crypto and after the big bubble and there will be another huge dump too and this will be recover in a year after the dump year. It will probably on 2019. We will see bitcoin search its stable value. this time there was a possibility for that gets down even more.

Yes, this has indeed happened in 2017. Almost all the coins go down, and will improve soon.
BTC Price: $ 5,524.22
Price of XRP: $ 0.469395
There is a big problem with Ethereum, when the position is shifted by XRP from rank 2. This makes the belief in Ethereum decrease when it is unable to maintain its position.

Bitcoin tanks, altcoin tanks too. This is how powerful bitcoin is and going back to your question why the market is red now.

Well everyone's speculation is that this has a correlation to the upcoming event later.

Yes, I believe with what you say, that coins and altcoins are now one step backward to advance a thousand steps forward.
In my opinion, the biggest coin holder is located on Ethereum, besides BTC. And when the Ethereum position is shifted, Ethereum will be difficult to return.

Yes, i am also think that a lot of people decide to take part in fork of Bitcoin Cash and they sell their BTC to take part in it. Not strange that BTC price falls. But i am think that it will raise againe after fork will be finished.

Yes. It is our hope that all coin prices will increase again after Hardfork BCH.

I think it is because almost holiday for christmas, the scheme is price is very drop and then it can goes up again, my suggestion is don't panic and keep hold, especially if we loss investment, don't let we loss more.

Yes. Christmas can also affect market prices, because coin holders celebrate Christmas. I think this is also logical when the price of coins drops simultaneously.

[loveinberlin]

I think that crypto market is not stable but it will be more stable in the nearest future and we need to wait for this. To my mind, crypto is going to experience great changes in 2019

[deodivine1]

The market is undergoing a normal thing, we shouldn't look at is as though it's way out of place. The uptrend and downtrend is normal, I don't think it has anything to do with BCH hard fork. The best thing to do at this moment is to be patient and let the market stabilize. So forget about the price fluctuation, there is nothing anyone can do about it.