Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: gurunanakji777 on November 15, 2018, 08:22:28 AM
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What is the reason of sudden drop in whole market. All market is red now. Is there any update or news?
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There was no negative news. I have not read or heard any news that could trigger the sell-off other than the "Black Friday" post. Some are speculating that it's a whale move to buy from dumpers before pumping the market.
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Damn! That was a massive dump. There was too much massive sell out there.
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Not the first time, not last one. Way more interesting question is we should buy now or wait for more discount.
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What is the reason of sudden drop in whole market. All market is red now. Is there any update or news?
I'm not see any update or news out there about crypto, I think this normal thing in the market and the crypto's price isn't fall so far, and I think this is good time to buy some coin and hold it because I'm sure the price will be rise again soon, but nobody know how many percent.
Don't feel scare and confused with this situations because this is crypto world and we can find many thing here, from bad until great thing, if you feel scare, that can make you lost your assets because you will confused when want to take and action.
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You better buy now and wait for Bullrun to come next year, online media on Twitter is busy discussing this, you can see tweets from several news sources and I suggest not selling coins that you currently have
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There was no news that I am aware of that could trigger such a massive dump. I believe that it could be the handwork of a whale wanting to buy cheap and then pump to sell high. Let's watch and see.
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It was unclear to every one but the market is fully due for reset and I think the price is still must going down base on history.
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What is the reason of sudden drop in whole market. All market is red now. Is there any update or news?
There was a News about Bitmain in Twitter that maybe influence with the dumping and panicked Selling of Bitcoin. The Bitmain Founder "Jihan Wu" there was a lot of expert still discussing this Issue right now! so we better monitor it!
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it was reported that Jihan Wu said as below:
I have no intention to start a hash war with CSW, because if I do (by relocating hash power from btc mining to bch mining), btc price will dump below yearly support; it may even breach $5000. But since CSW is relentless, I am all in to fight till death!
Many people believe in Jihan Wu for his statement. You can also see analysis through the following articles: https://cryptovest.com/news/bitcoin-btc-drops-below-6000-5-reasons-for-the-recent-drop/
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don't understand the news, most negative news about crypto, but what news is circulating!
but this afternoon the price rose slightly
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It was a very big manipulation on the part of the whales. Now they will buy everything cheaper and by the new year the price will reach $ 10,000. I'm sure!
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I read some news about bch hardfork and their hashrate war. Some miners sold their bitcoin for hashpower i think or all are the manipulations like before. They are creating some news and after they are dumping btc and they are accumulating more with low prices. I am not sure it is manipulation or real issue but there is a some war for hashrate and bch hardfork i think.
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The downtrend yesterday was just something else, I have not yet know why all the coins have to join bitcoin on the trend yesterday which is not in the favour of the market. God help us.
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calm down buddy. . Everything will be alright. only market correction and hardfork bch news that made the market drop. see next month, crypto will recover and increase.
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I don't know exactly why yesterday the market was down. I think that is a market correction. but if I see, it is too big a decline if the market correction occurs again.
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The only update is that more and more crypto experts believe it will crash twice more. Btc will be about 3k and no one knows for how long.
Don't think that now there are many crypto believers.. Even those who still hold will be selling it.
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I kept wondering about this same question today and I decided to ask it in a WhatsApp group I am in, some people are speculating that it was the Bitcoin Cash fork but I doubt that because it wasn't a negative news, to be honest nobody expected the sudden plunge, nothing triggered it.
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The price of bitcoin was unexpectedly dump. However, I think it was for market manipulation, so that newbies sold their bitcoins at a low price. I hope the cryptocurrency market will return to its positions in a short time.