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Author Topic: Why Cryptocurrencies Continue to Suffer From Deep Losses?  (Read 308 times)
cafechino
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November 27, 2018, 06:01:38 AM
 #1

It’s been a tough week for cryptocurrency holders, as the top 10 virtual currencies by market capitalization have lost 30% to 60% of their value over the past 2 weeks.
Why??
What is the problem??
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November 27, 2018, 06:09:52 AM
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The problem is that many people still seem to think that this is not a volatile environment where prices don't fluctuate a lot which is completely their fault for thinking in such a manner. There is a reason why many people including me have always advised to invest only what you are willing to lose. The market situation seems like it might continue to deteriorate and many worthless coins and tokens will disappear. Only the popular coins will survive and the market will begin recovering only if something big(positive) happens triggering another bull run, but this seems unlikely for quite sometime at least.
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November 27, 2018, 06:39:58 AM
 #3

We all know cryptocurrency is a fluctuating market, and anything is very possible to happen. Price fluctuations like this is very heart breaking but we all need to make our knees harder and hold together!

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November 27, 2018, 06:57:33 AM
 #4

It’s been a tough week for cryptocurrency holders, as the top 10 virtual currencies by market capitalization have lost 30% to 60% of their value over the past 2 weeks.
Why??
What is the problem??

I simply thought that it was a little bit different from the previous times, and the price was too big for me. But I think again, maybe because of the recent events that caused this big change. What about you?  Embarrassed
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November 27, 2018, 07:01:40 AM
 #5

It’s been a tough week for cryptocurrency holders, as the top 10 virtual currencies by market capitalization have lost 30% to 60% of their value over the past 2 weeks.
Why??
What is the problem??
Lack of control, that's all. accept at the state level as a single currency and rejoice in further development.

Wizking
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November 27, 2018, 07:08:43 AM
 #6

There are many reasons for this and the market situation has rapidly changed from bull to bear one.other reason is most of lending coins are the scam one because they have not brought true value to their investors. many people are dumping their coins for cheap price for purpose of making money.

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November 27, 2018, 07:17:23 AM
 #7

I do not see the present situation as deep losses, It is more like a correction and regulation to make things alot better and more convenient.
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November 27, 2018, 07:33:07 AM
 #8

the problem is that altcoins are still useless so whenever bitcoin has a small drop, the panic dump is altcoin market kills every altcoin bag holder in it with a huge drop. and on top of all that we have the manipulation which is the dominating force in this market which is moving the price in the direction that the whales want and during dumps they love to short altcoins to make money so they dump them a lot more.

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November 27, 2018, 07:42:32 AM
 #9

There are too many bubbles in crypto, and many altcoins are useless. When people understand crypto deeply, they will doubt crypto. They don't doubt the future of crypto, but they doubt the function of crypto. It may not be powerful as we think. To be exact, we used to overestimate crypto.

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November 27, 2018, 07:47:32 AM
 #10

Because it is following the USD trends. If it does not ever traded with USD pair, Bitcoin will not following the USD trends and it will kept like the same as the end of 2017!
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November 27, 2018, 07:52:25 AM
 #11

I don't know, I think this must be purposeful. Maybe there is a better market for funds, or maybe because Bitcoin is going to delete a lot of altcoins, and too many altcoins affect the development of cryptocurrency. Maybe this is the right way.

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November 27, 2018, 07:58:05 AM
 #12

It’s been a tough week for cryptocurrency holders, as the top 10 virtual currencies by market capitalization have lost 30% to 60% of their value over the past 2 weeks.
Why??
What is the problem??
This is the main problem and I hope you will try to read the whole of this article carefully
https://cointelegraph.com/news/abc-vs-cv-assessing-the-consequences-of-the-bitcoin-cash-war

It gives a lot of impact on the whole of the market because bitcoin was getting a bad impact. this affects all of the crypto markets.

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3lyntmy
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November 27, 2018, 11:12:13 AM
 #13

It’s been a tough week for cryptocurrency holders, as the top 10 virtual currencies by market capitalization have lost 30% to 60% of their value over the past 2 weeks.
Why??
What is the problem??

caused not everyone believe in crypto and government still not accept  Smiley
wakeham8
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November 27, 2018, 11:15:00 AM
 #14

I still think that the market is manipulated by big whales, that are trying to drop the most possible amount from investors from our market and to buy BTC at the deepest price. I think we will touch 2,5k USD and moon.
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November 27, 2018, 11:23:12 AM
 #15

because it is called pump and dump.
people always forget about the part after the "and" and think it stops before it. but with every pump there must be also a dump and that is inevitable. like yin and yang.  you will never see an altcoin that only goes up. they go up (get pumped) and then come back down again (get dumped) as traders make money on both rises and falls and newbies lose on both sides!

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November 27, 2018, 11:23:56 AM
 #16

If you want to look at a scale, then do not use half measures. Take the full history of cryptocurrency. Then you will clearly see that the market is really dynamic, but the main trend of the movement is systematic growth, with natural, local kickbacks.
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November 27, 2018, 11:33:43 AM
 #17

By now I din't think it should be a shock for anyone if there is a fall in price of any coin irrespective of the rank.By now we should have come to the reality that crypto is truely volatile in nature.

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November 27, 2018, 11:35:32 AM
 #18

Just looking at some news and found that some countries are having trouble with the adaptation of the cryptocurrency and some governments are putting some restrictions in using this kind of currency. I think this affects the cryptocurrency industry since most of today's businessmen are using cryptocurrencies, blockchain, tokes, nodes, etc. in order to run their projects.
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November 27, 2018, 11:37:54 AM
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 #19

Don't just look to those top 10 coins. The market itself is in pain and suffering so there's no exception.

There's no problem with the market, the problem are the panic sellers. They never intend to hold for long term and they are asking if the market will recover but we didn't know that they already sold their coins.

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November 27, 2018, 12:14:15 PM
 #20

It’s been a tough week for cryptocurrency holders, as the top 10 virtual currencies by market capitalization have lost 30% to 60% of their value over the past 2 weeks.
Why??
What is the problem??
This is the main problem and I hope you will try to read the whole of this article carefully
https://cointelegraph.com/news/abc-vs-cv-assessing-the-consequences-of-the-bitcoin-cash-war

It gives a lot of impact on the whole of the market because bitcoin was getting a bad impact. this affects all of the crypto markets.

I am buying into this part of story about the crypto market downtrend,the hash war had really dealt a major blow on the crypto market, but we still believe the war will come to an end soon and the market will recover

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