80% of all alt coins in negative % change at the moment

teamcryptonator

hero member

Activity: 749

Merit: 503

Blockchain Just Entered The Real World

Quote from: Fanpant on September 30, 2017, 01:51:36 PM

Quote from: VTS on September 12, 2017, 12:46:52 AM

Quote from: Sync485 on September 09, 2017, 03:19:48 PM

Quote from: NRF on September 09, 2017, 09:20:34 AM

Quote from: Sync485 on September 09, 2017, 09:13:35 AM

i think it is just shake out. weak hands are selling. price can't go up always. it is necessery. i think it will continue 1 week after that prices will go up again. i'm trying to buy some cheap coins.

China try to block some exchange. That make many China trader panic sell

i read that news are lie? i don't know but some guys who i trust wrote these news are fake at twitter. i hope it is just a panic sell and will not continue.
and i also read that exchanges won't accept China's decisions. i don't know true or lie..

The news seems real! Many popular news magazines wrote about it.... Would appreciate if some members from China could help to clarify.

The price of altcoin has recovered a lot. The price of Bitcoin has also risen. The Chinese has less effect now.

Really? I do not see the price of Stellar, Digibyte, Siacoin recover after dumped -300% -> -800% on the market. Almost altcoins are still in bearish trend and have not signal to comeback, the price of Bitcoin has affected all.

Fanpant

full member

Activity: 214

Merit: 100

Quote from: VTS on September 12, 2017, 12:46:52 AM

Quote from: Sync485 on September 09, 2017, 03:19:48 PM

Quote from: NRF on September 09, 2017, 09:20:34 AM

Quote from: Sync485 on September 09, 2017, 09:13:35 AM

i think it is just shake out. weak hands are selling. price can't go up always. it is necessery. i think it will continue 1 week after that prices will go up again. i'm trying to buy some cheap coins.

China try to block some exchange. That make many China trader panic sell

i read that news are lie? i don't know but some guys who i trust wrote these news are fake at twitter. i hope it is just a panic sell and will not continue.
and i also read that exchanges won't accept China's decisions. i don't know true or lie..

The news seems real! Many popular news magazines wrote about it.... Would appreciate if some members from China could help to clarify.

The price of altcoin has recovered a lot. The price of Bitcoin has also risen. The Chinese has less effect now.

VTS

member

Activity: 112

Merit: 10

Licensing & Monetizing Digital Content!

Quote from: Sync485 on September 09, 2017, 03:19:48 PM

Quote from: NRF on September 09, 2017, 09:20:34 AM

Quote from: Sync485 on September 09, 2017, 09:13:35 AM

i think it is just shake out. weak hands are selling. price can't go up always. it is necessery. i think it will continue 1 week after that prices will go up again. i'm trying to buy some cheap coins.

China try to block some exchange. That make many China trader panic sell

i read that news are lie? i don't know but some guys who i trust wrote these news are fake at twitter. i hope it is just a panic sell and will not continue.
and i also read that exchanges won't accept China's decisions. i don't know true or lie..

The news seems real! Many popular news magazines wrote about it.... Would appreciate if some members from China could help to clarify.

Sync485

full member

Activity: 252

Merit: 100

Quote from: NRF on September 09, 2017, 09:20:34 AM

Quote from: Sync485 on September 09, 2017, 09:13:35 AM

i think it is just shake out. weak hands are selling. price can't go up always. it is necessery. i think it will continue 1 week after that prices will go up again. i'm trying to buy some cheap coins.

China try to block some exchange. That make many China trader panic sell

i read that news are lie? i don't know but some guys who i trust wrote these news are fake at twitter. i hope it is just a panic sell and will not continue.
and i also read that exchanges won't accept China's decisions. i don't know true or lie..

bongiu

full member

Activity: 434

Merit: 102

Quote from: VTS on September 09, 2017, 12:27:26 AM

What you could be the reason alt coins dumping atm besides, China?

If China even has that big impact. Could it be connected with some of the published news yesterday that local exchanges will be taken down in China?

If so, I would expect increase in other exchanges but this is not the case.

Or is this a reflection of the various problems alt coins have in many verticals atm?

Or just because BTC <> USD value falling?

China does have that kind of impact, although if you search across altcoins history, you'll see that this is something that happens more often than you'd think. The other reason might be the usual: speculation.

bit-freedom

sr. member

Activity: 658

Merit: 256

Quote from: Tykhe on September 09, 2017, 12:58:41 PM

But why some altcoins still are up to 40% positive?
Are those pump & dump coins? (for example cloak coin or ion coin)

IMO, these are pump and dump coins. For example, Okcash has 60% gain today because of "big" news release and the price is pumped.

Tykhe

newbie

Activity: 20

Merit: 0

But why some altcoins still are up to 40% positive?
Are those pump & dump coins? (for example cloak coin or ion coin)

leea-1334

hero member

Activity: 2240

Merit: 953

Temporary forum vacation

Quote from: VTS on September 09, 2017, 12:27:26 AM

What you could be the reason alt coins dumping atm besides, China?

If China even has that big impact. Could it be connected with some of the published news yesterday that local exchanges will be taken down in China?

If so, I would expect increase in other exchanges but this is not the case.

Or is this a reflection of the various problems alt coins have in many verticals atm?

Or just because BTC <> USD value falling?

Dollar has been struggling for a long time now and the recovery should not happen this year, so not USD getting stronger. Just plain BTC fears, fueled by Chinese rumours and guess what? People just finally taking quick profits. And whether you like it or not, if Bitcoin goes down, alt are following the leader. Just give this until Monday to rise again. That is only 2 days away!

sangster

member

Activity: 97

Merit: 10

I think that we do not need to be worried because bitcoin was also dumped. Every coin right now is suffered a huge loss cause of the China and the POBC. They are not good at all. They are trying to shut down all exchange. Even if it is a rumor, it has caused a bad effect to the bitcoin and altcoins overall

HashFace

full member

Activity: 406

Merit: 114

I've been trading stocks for 20 years, and you can draw to many parallels with cyrptos, it's amazing. One of the first similarites I noticed is that like stocks, Cryptos tend to move in unison. If Bitcoin is up, 80-90% of alts will be up. If Bitcoin is down, 80-90% of alts will be down ... The only point of diversifying seems to be protection incase one altcoin gets very bad news, like a hack or something.

makishart

legendary

Activity: 3066

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

majority of these coins (well just call it coins even if some of them are tokens) are using ethereum smart contract, therefore their price will be dependent to ethereum movement.
while at the same time ethereum following the trends of bitcoin lately, it affects these coins too and by that creating mass dump in the crypto world. the rest 20% which still stay on its price or even pumping are a whole different coin that are dependent to above too. high chance using their own blockchain.

NRF

sr. member

Activity: 279

Merit: 250

Quote from: Sync485 on September 09, 2017, 09:13:35 AM

i think it is just shake out. weak hands are selling. price can't go up always. it is necessery. i think it will continue 1 week after that prices will go up again. i'm trying to buy some cheap coins.

China try to block some exchange. That make many China trader panic sell

Sync485

full member

Activity: 252

Merit: 100

i think it is just shake out. weak hands are selling. price can't go up always. it is necessery. i think it will continue 1 week after that prices will go up again. i'm trying to buy some cheap coins.

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: Morphling on September 09, 2017, 07:30:35 AM

before the regulation of China, there is a report that more than 90% of the ico projects are scams, i think it maybe an important reason that China ban all of the ico and may clamp down the exchanges

exactly this is the reason.
i am not sure about the percentage. the number of really scam ones is a bit lower but all of them without exception are unregulated and that makes it bad as far as the government is concerned.
in my opinion their reaction for banning ICOs and coming down on exchanges hard is only natural and expected.

and these falls are mostly reaction to a big news. the panic is dumb though.

PandoraTV

newbie

Activity: 57

Merit: 0

Have you ever heard about market cycles? Simply put, prices don't goes always up...

Morphling

full member

Activity: 308

Merit: 134

before the regulation of China, there is a report that more than 90% of the ico projects are scams, i think it maybe an important reason that China ban all of the ico and may clamp down the exchanges

cakravothy

hero member

Activity: 868

Merit: 501

Chainjoes.com

ETH price and bitcoin price down, majority coin follow treand and down too
majority coin this now develop use etherum token, if ETH price down , ussually follow down price too

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

it is a dumping epidemic which always starts with bitcoin

the fear that China creates is always fake but effective. it causes ripples like this in the market that drops every price. 10% bitcoin drop is always >20% drop of altcoins.

Quote from: Fanpant on September 09, 2017, 05:35:03 AM

I think so. But the dump has slowed. The price is recovering now.

it is actually fluctuating a lot. it is not slowed down if you look at the charts it goes up and down.
most probably it will continue to be like this until the real news comes out.

Fanpant

full member

Activity: 214

Merit: 100

Quote from: Sephire on September 09, 2017, 01:04:02 AM

This selling is mostly all based upon the China news. But many times weekends are red due to profit
taking also. Hopefully this will be over soon just like past selloffs.

I think so. But the dump has slowed. The price is recovering now.

twobits

sr. member

Activity: 574

Merit: 250

Quote from: 13abyknight on September 09, 2017, 04:21:53 AM

This drop is based off unreliable news sources and only that is causing this much of havoc. The chaos would be even more if countries start banning ICOs and cryptocurrencies, especially the communist countries which are playing a vital role in promoting coins.

The unreliable sources has provided bad sounds to a lot of the traders, it brings the panic moment for everyone just to dump their coin in a minutes, But the chart will be back or another FUD will come to give another bearish

Topic: 80% of all alt coins in negative % change at the moment (Read 1545 times)