Cryptocurrency experienced another fell margin

[xtinepink]

It really saddens me to see that cryptos are once again down. 

What do you think are the possible ways that most major or known cryptos like Bitcoin and other alts are experiencing another downfall? 

The market seemed to recover from the trading ban rumors that spread through out the crypto news by the South Korean government, we all know that Korea is huge market to cryptocurrency economy.

In a day, the cryptocurrency market fell at $60 billion. This cryptocurrency includes the following coins like Bitcoin, Ethereum, Ripple, Cardano, Stellar, and IOTA recorded almost 10 percent in daily margin drop other smaller cryptocurrencies like Tron got a much larger losses compared to past days.

I also read in another news site somewhere where Ripple’s cryptocurrency has drop it value by more than 11 percent from its high of $2. 

Is this really happening every January? 

Sometimes we just couldn’t predict when are cryptocurrency gonna go up or even go down. 

This kind of situation are good to those people who wanna buy some coins or invest in while it is still low. 

when do you think will the cyptos to stabilize or soar again? We hope to see the sky rocket boom like the one that we saw last year with bitcoin. 

According to forbes.com there are 6 reasons why it drops,

1. The Season To Be Spending

Well of course if you something important to use, like withdrawals for personal use.

2. Altcoin Overload

3. Bitcoin Cash Confusion on Coinbase

4. Market Manipulation

like scam coins which they manipulate it’s value to attract other people

5. Hacking & Regulation

6. The Bubble Was Real & Crypto Winter Is Coming

 

What are your thoughts about this? Do you still hold your beloved coins or did you added more? 

Is it true that every January, cryptocurrency makes a fall down?

 I always look (most of the time) coinmarketcap to check on coin’s value. Lol especially on the trend section where in you can also see biggest gainers or even losers.

 

 

[wilberthh]

Nothing rises forever sis

So this kind of correction is very normal and healthy. 

[nhoyasim101]

i think this is the right timing to buy/invest btc and alts coins for a long term investment, as we remember last month december 2017 btc almost hits 20k$,  i dont scared this sudden fall of btc price however, only invest money that you can afford to loss.

[Kargai]

People are people, never happy 

When it rise it's "ohhh nooooo it's too expensive, I can't buy". When it drop "ohhh nooooo i will not buy now, everything is crashing it's the end"

I'm impatient to see how people will react when the prices will drop 80% after the bubble explode

If you take the 1 year chart, the current "drop" is really not that big

Actually we are in a stabilization period but price will probably start to rise again soon, so reeeeeelax peeps

[xtinepink]

3 hours ago, Kargai said:

People are people, never happy 

When it rise it's "ohhh nooooo it's too expensive, I can't buy". When it drop "ohhh nooooo i will not buy now, everything is crashing it's the end"

I'm impatient to see how people will react when the prices will drop 80% after the bubble explode

If you take the 1 year chart, the current "drop" is really not that big

Actually we are in a stabilization period but price will probably start to rise again soon, so reeeeeelax peeps

Mkayyyyy oh no you know me lels?

[skillex]

I think for me, Its just normal, theres a day that almost all coins in CMC are in green. Maybe its just that all holders of this top coins in the market are selling at the same time possibly that leads the price to suddenly drop or one possible cause also is the continuous struggling of this crypto usability against those countries banning it.