New to this... What's causing the current selloff?

[J_Townsend]

I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?

Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance! 

[krisnajsadrak]

I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?

Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance! 

The global crypto market cap is 4.62% decrease over the last day mate
but, we don't need to be worry, because for now market still in sideways,
wich mean this is an accumulating time for a big whales buddy before the price spike up

[blockman]

I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?

Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance! 

Think of it as a normal market that whenever it is up, going down a bit is unavoidable. That's the usual routine of the market and if you're looking for a reason for it.
You should pay attention to the news websites like cointelegraph or coindesk. They're the first ones to publish news whenever a FUD has spread coming from a known personality.

[shinratensei_]

There's no even bad news about crypto but the opposite thing was happening as china is starting to build its own blockchain to run the dapps that fully controlled by the governments.
That being said if im not even seeing this as a big dump for crypto. This is better rather than seeing when the whales dumping their bitcoin a few weeks ago.
You should read this news dude https://cointelegraph.com/news/3-reasons-why-bitcoin-traders-keep-a-close-eye-on-the-futures-funding-rate

You should never feel panic to see that

[J_Townsend]

There's no even bad news about crypto but the opposite thing was happening as china is starting to build its own blockchain to run the dapps that fully controlled by the governments.
That being said if im not even seeing this as a big dump for crypto. This is better rather than seeing when the whales dumping their bitcoin a few weeks ago.
You should read this news dude https://cointelegraph.com/news/3-reasons-why-bitcoin-traders-keep-a-close-eye-on-the-futures-funding-rate

You should never feel panic to see that

Interesting article... Thank you very much for that... I'm in this for the long run and I've told myself I wouldn't get into day trading because after fees, it's usually a losing proposition for people with my level of resources. However, it's hard not to pay attention the current market dropping even 5% since I have a significant amount of savings tied up in Crypto.

Let's say the market dropped 10% over a few hours for no apparent reason... Would you get out until things settled down? If not at 10%, what about 15, 20, and so on?

Thanks again!

[Sled]

The market could pump because of high demand and this could also dump if there is lower demand. If we are aware about the market volatility, this price selloff will be just a common trend.

I'd never heard about hacking incidents in these past days (which is sometimes the cause of drop), so what you have seen in your portfolio is not a thing you have to worried about. This often to happens all the time.

[2double0]

When btc falls even 1% in price, alts react 10 times 'mostly' on that move and lose much more. You have invested in alts or btc? As observed, btc too got hit by a dip of more than 5% in a day which may have been caused due to high fees, US Dollar got strong or whales manipulating it to let Turkish people buy it cheap. It is not possible to find the reasons behind these dips and even pumps except when someone comes ahead and takes the responsibility of the same. Oh yes, may be it got dipped in because it was bloody Monday, and we may see this dip become larger in size.

[J_Townsend]

When btc falls even 1% in price, alts react 10 times 'mostly' on that move and lose much more. You have invested in alts or btc? As observed, btc too got hit by a dip of more than 5% in a day which may have been caused due to high fees, US Dollar got strong or whales manipulating it to let Turkish people buy it cheap. It is not possible to find the reasons behind these dips and even pumps except when someone comes ahead and takes the responsibility of the same. Oh yes, may be it got dipped in because it was bloody Monday, and we may see this dip become larger in size.

Thanks, makes sense... I've got a little bit of BTC, but I'm heavy into ETH. I own some other altcoins, but they're all well established ones (all listed on coinbase).

[memyselfandi]

I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?

Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance! 

The global crypto market cap is 4.62% decrease over the last day mate
but, we don't need to be worry, because for now market still in sideways,
wich mean this is an accumulating time for a big whales buddy before the price spike up

Yes, no reason to be worry because that is one of the characteristics of crypto market, what you've experienced is just normal. Take a look again a few days from now if there are some changes, market trend in crypto market is changing every day.

[shinratensei_]

There's no even bad news about crypto but the opposite thing was happening as china is starting to build its own blockchain to run the dapps that fully controlled by the governments.
That being said if im not even seeing this as a big dump for crypto. This is better rather than seeing when the whales dumping their bitcoin a few weeks ago.
You should read this news dude https://cointelegraph.com/news/3-reasons-why-bitcoin-traders-keep-a-close-eye-on-the-futures-funding-rate

You should never feel panic to see that

Interesting article... Thank you very much for that... I'm in this for the long run and I've told myself I wouldn't get into day trading because after fees, it's usually a losing proposition for people with my level of resources. However, it's hard not to pay attention the current market dropping even 5% since I have a significant amount of savings tied up in Crypto.

Let's say the market dropped 10% over a few hours for no apparent reason... Would you get out until things settled down? If not at 10%, what about 15, 20, and so on?

Thanks again!

If you are using CEX and the fees should not be a problem to get into the daily trading but when you are using swap service may become another story. I know how you feel dude and i guess as a new user and you will always feel panic when you are seeing the market crashes even a little bit.


About your next question and that totally depends on my position. I will always reserve some of my profit into the stable coin to anticipate the dump when it will be occurring soon.
I will never use the bearish trend as a way to go out from the market. Remember this when you can go out when the market was bullish and why should you choose to go out when the market turned into the bearish trend.

When i was new in crypto and i m always feeling panic when the market went down and that's why learning about the fundamental of crypto is a very important thing.

[TheUltraElite]

If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?

Finding out the cause behind a crash is not the correct approach always. Many times the real cause can never be found and for such reasons instead of wasting time on trying to find out the cause you have to take some precautions from before hand.

First thing is that if you believe a certain project is going to do good, meaning you have faith in it, you would not sell at the dump but when the dump happens you will buy it more. The reason behind the crash might be something sinister but then crypto is a wild west and you will not have anything to recover losses. That is one bad thing about investing in altcoins not bitcoin.

Also, at what point are you guys prepared to sell to protect against a crash?

If you have faith in the project you will not sell. Chances of lacking faith is common though, specially for altcoins which is why thing question creeps up. Anyway me being a bitcoin maximal, I would buy bitcoin if it goes down. ETH, I would not sell easily and defenitely not at a loss. Rest of the altcoins are less than 1% in my folio.

Do most of you have sell stop orders on the books to protect against a crash?

Some traders might do this. However mechanically posting  an order like that might make you lose out in case the price rises just after the dump while you sleep. Again that is a tradeoff so cant argue about that,

[akirasendo17]

That is normal, don't be like others who are not happy with small gains, people are getting their profit that is why the price is going down, so once you see there is already a big margin of profit you should sell too, and try to buy on the lower price not higher the price you sold, so if you see someone is selling lots of tokens, remember they are here to earn, same as every other people in the community.

[Genemind]

This ki d of sell-off is normal in crypto, so. times market correction will leave your investment at least 20% lesser, but as I mentioned  it is part of the market cycle and the market will never remain stable. Take this as an opportunity to accumulate, the market will recover soon as the bull season is not yet over.

[poodle63]

dips like this could happen like anytime without even proper reasoning, none of us know what exactly could make the market down 5% within hours, it could be the whales trying to dump their coins that cause the market to somewhat lacking in buy order and therefore create an illusion of market dumping but one thing for sure is that this kind of dips is such a normal phenomenon in cryptocurrency world. cryptocurrency in general is considered high risk investment for a reason and this fluctuation is one of them. and I personally to don't really have limit or stop order since I know it will eventually recover again but it's always good to have one set just in case.

[dhemasm]

I see there is no negative statement or anything related to current prices, My portfolio was also negative, In binance is -7% and on personal Ethereum address is -10%! Not sure too but looks like it's just another correction? Let's wait and don't panic for now.

[LogitechMouse]

None.

Just the traders taking profit maybe. This kind of scenario has been normal already for us who are in the cryptocurrency for a long time. Since you said that you are new to it then welcome and you already saw one of the most common events that cryptocurrency has been doing for a long time. Corrections after a huge price spike upwards .

The short term support that I'm seeing with Bitcoin is at the $54,000 but it seems that it has been broken too that is why the next support that I'm seeing right now is at the $50,000. We know already that when Bitcoin dips, altcoins will follow so right now, the market is bleeding.

[leea-1334]

I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?

Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance! 

Do not worry about 5%,,, do not even worry about 50% or more. This is Bitcoin and you will see crazy rallies of price doubling in a few days and also of 80% losses in a single day of 24 hours as happened in March of last year.

Volatility is natural here just be patient and wait for things to happen. I speak as a hodler though not as a trader.

Reasons are not important (trust me,,, you sleep better).

[isaac_clarke22]

I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?

Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance! 

I don't do day trading yet or even the traditional one, OP.
You shouldn't have that much issue just yet in 5% loss, but you might consider preparing for a crash.
Put it in stablecoin whenever you start to earn, just as it breaks past your breakeven.

[dhemasm]

None.

Just the traders taking profit maybe. This kind of scenario has been normal already for us who are in the cryptocurrency for a long time. Since you said that you are new to it then welcome and you already saw one of the most common events that cryptocurrency has been doing for a long time. Corrections after a huge price spike upwards .

The short term support that I'm seeing with Bitcoin is at the $54,000 but it seems that it has been broken too that is why the next support that I'm seeing right now is at the $50,000. We know already that when Bitcoin dips, altcoins will follow so right now, the market is bleeding.

Yeap, Crypto market was volatile i suppose it's just another slight correction but basically for some traders especially Day Traders & Altcoin Scalping it's really important Thought, I personally was actively do some Scalp and this sudden Bitcoin Price Movement was bad for me but just hoping it's just another correction, Next Support on $50k and after that i suppose it's going to continue to fall until $48k range or even $45k, Well the best way to do is converting to fiat for current market condition in my opinion, It's really Crazy today. I lost almost 10% on my Scalping Portfolio hahaha

[Ucy]

Always expect prices of coins to fluctuate that way in Crypto market. It can be quite volatile as there is currently no generally accepted way to moderate the volatility without compromising on important crypto ideals like decentralization. 
By the way, The dips should be important opportunitie to buy some coins with amount you can afford to risk. And it's better to focus on the  true cryptocurrencies that are safer while buying.
I think buying when the markets dips significantly and holding more or selling some (if you want) could help regulate or keep price volatility moderate