Market has down Again! Whats happening?

[masterrex]

The cryptocurrency market was losing a staggering $25Billion dollars in just one day. Are you alarmed or not? Sadly cryptocurrency market work these way so stay calm and still believe that it might be a reversal soon.In your own opinion what was the primary cause of these dump.

[Confero]

The cryptocurrency market was losing a staggering $25Billion dollars in just one day. Are you alarmed or not? Sadly cryptocurrency market work these way so stay calm and still believe that it might be a reversal soon.In your own opinion what was the primary cause of these dump.

Market prices go down is the right time for investment, and with the rise and fall of prices of cryptocurrency like this, investors and traders can get big profits.  We do not need to panic to see conditions like this, if indeed we are already buying coins, then just HOLD until the price goes up again.

[ZionRTZ]

There are a lot of news spreading around that says a scam project that has collected a lot of funds before is now exit scamming which is causing the huge  dump. https://www.reddit.com/r/CryptoCurrency/comments/cqnikd/alleged_bitcoin_ponzi_scheme_plus_token_could_be/

I am not that worried since we have seen this happen multiple time already. It will bounce back in a couple of weeks imo.

[trauchot]

Do not worry so much, because this happens all the time and will happen, you just need to be patient and wait for the cryptocurrency market to start growing again, and it will be very soon.

[Sealchain_Tony]

A lot of positive news has been surrounding crypto space in recent months, prices have been very bullish, there's bound to be some correction. Slow progressing prices are actually healthy for the crypto market in its entirety

[Knaw]

if I think of seeing altcoin market prices now declining, for me I will also continue to hold my altcoin by waiting for a better price, because I believe market prices will also rise again in the coming months

[Bobcrypto]

As far as altcoin market prices are concerned, there is no need to be skeptical because prices will always rebound. There are times for bear market, while there are also bull run. I dont think there is any thing  happening now that is wrong, it just a normal market situation. The prices of coins must move up and move down.

[May]

in my opinion, continuing to hold and hold is a wise way to maintain assets. Do not ever think of selling losses when faced with market conditions like now. Certainly it will be very painful.

[vegasus]

Yeah, the market dropped again. All crypto prices are decreasing in high amount. I also don't know what's happening in crypto space currently. But usually, there is bad news spreading out by some people to make crypto traders be afraid and sell their assets in cheap rates.

[alltalk]

Several days ago, the market dropped again very badly. Bitcoin decreased to around $8,000 and altcoins followed freefall. I think we have already heard good news related to Bakkt and the upcoming halving on the next year. However, those cannot bring positive impacts, I am surprised with that. I guess some whales were behind the decline.

[owmivmen]

I saw the news that had a big effect on the change in crypto prices.  especially bad news that will make crypto prices go down.  people trust the news more than knowing how crypto will be needed in the future.  Other enthusiasts still choose to hold and try to buy potential coins during a bad market

[Abusadeeq6]

i think so investors wanna take their profits out and then buy it at lower rate again. this whale are just playing with the markets. this gives us opportunity to buy

[L19]

It's normal for crypto dynamics. In the middle of October we will meet some growth of financial markets

[Fenix]

In my opinion, the cryptocurrency market does not need any reason for it not to fall or rise too much. This is his usual state. If this market does not grow or fall, it is likely to indicate that it is more likely dead than alive.

[alltalk]

There are many reasons why market is bearish but currently most of the reason is about whales. They dump the prices and make all crypto prices to decline. And maybe another reason is about current issues that influence the trust of investors to buy crypto coins.