Altcoins dropping like crazy - page 5.

Killrbit

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Activity: 224

Merit: 31

Quote from: SillyGirl on May 28, 2018, 05:11:39 AM

Is there a particularly reason why all Coins are dropping simultaneously this week? If you look at the charts you will see a pattern

People need to realize that all coins today are inherently linked to btc.
Most people only trade alts to try and get more btc. In a falling market, your goal switches from maximizing your returns to instead trying to best preserve your capital as a result everyone will flock to those coins that they feel have most value or are most reliable from a long term point of view. For crypto markets today that is bitcoin, as a result most people today are selling their alts and converting it into bitcoins. Now this should argubally create buying pressure on btc, however the price of btc is falling as well which indicates people are converting to btc and then quickly exiting back into fiat

gabmen

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Activity: 1246

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Quote from: deppil on June 22, 2018, 11:36:08 PM

Quote from: Rano on June 22, 2018, 09:39:14 AM

Bitcoin started to drop again. Was at 6700$ this morning and 12 hours later it just touched 6070$. Almost all altcoins just dropped with Bitcoin. Usually altcoins seem to drop harder when bitcoin drops but shot up stronger when bitcoin pumps. I hope that alcoins or at least the top coins will decouple themselves from bitcoin in the next few years.

We know the magnitude of the effect of bitcoin on the altcoin market. yeah you're right in 1 day bitcoin prices can go down very deep and craze. and it will also be followed by the altcoin market as well. and eventually the market returns to bleed. this is really a tough time for crypto investors right

Or a perfect opportunity for those that are just planning to enter the market. These red days go two ways depending on the investor's perspective. Shopping for good alts to hold for around a month is perfect now.

renault18turbo

hero member

Activity: 1218

Merit: 500

Who called this year the year of altcoins? Absolutely not. Many altcoins are now dying, the market does not leave them a chance.

coly20032003

full member

Activity: 322

Merit: 113

Yeah a lot of the coins that I participated also dropped a lot recently. I think it may be normal for market to be fluctuate. Will wait patiently for another a few months and see how it goes. I believe it will finally go up in the end.

deppil

hero member

Activity: 1008

Merit: 501

Quote from: Rano on June 22, 2018, 09:39:14 AM

Bitcoin started to drop again. Was at 6700$ this morning and 12 hours later it just touched 6070$. Almost all altcoins just dropped with Bitcoin. Usually altcoins seem to drop harder when bitcoin drops but shot up stronger when bitcoin pumps. I hope that alcoins or at least the top coins will decouple themselves from bitcoin in the next few years.

We know the magnitude of the effect of bitcoin on the altcoin market. yeah you're right in 1 day bitcoin prices can go down very deep and craze. and it will also be followed by the altcoin market as well. and eventually the market returns to bleed. this is really a tough time for crypto investors right

muid03

newbie

Activity: 52

Merit: 0

hold on buddy..do not sell when you not profit..market very unstable due to so many Ico out there...all scam Ico Will be die... and only good project Will be keep going...don't panic in this crazy market...

Dragonrage201

full member

Activity: 630

Merit: 110

Bitcoin dipped below $6K important price level briefly and has bounced back above it. This could be the last stop loss sweep below $6K before the next big rise. Time will tell if this pans out.

mbah

sr. member

Activity: 700

Merit: 251

I think this is still the effect of the refusal of crypto happened in some time ago. In addition naturally also depend heavily on what happens on the bitcoin. If the bitcoin increase then the other crypto certainly also will experience the same situation.

ApocalypseNow

full member

Activity: 476

Merit: 100

Yep, they are dropping like crazy while I am shopping like crazy! It has been too long since I made a huge hoarding because the price are still high and I'm really waiting for a real discounts on altcoins and now it became a reality.

Last follen star

jr. member

Activity: 210

Merit: 5

Quote from: bratko99 on June 22, 2018, 02:04:58 PM

Damn, what the f is happening?
I don't think there are some big news that were like 3-4 months ago. Although this is not like that crash.
But still, it is kinda high to be honest. Let's see what happens after a week from now.

Nothing has transpired, we are still on a falling bear market. Many public people expect growth and shout "buy the buy", but it does not look like the growth can be expected quickly. Maybe at the end of the year something will change.

bratko99

member

Activity: 196

Merit: 10

Damn, what the f is happening?
I don't think there are some big news that were like 3-4 months ago. Although this is not like that crash.
But still, it is kinda high to be honest. Let's see what happens after a week from now.

Bitcoin_Makers

newbie

Activity: 124

Merit: 0

Perhaps this is a general correction of the cryptocurrency market. After the rapid growth of all cryptocurrency assets, this should have happened.

automaticmoney

member

Activity: 420

Merit: 18

altcoins are seeing the lowest dip as of now we won't see much lesser prices as of now we can expect the prices again bounce back in next bull run

Disclaimert

newbie

Activity: 266

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all the price of altcoins is falling very badly many are fussed with this incident some call this a high starting point of high prices but ulak who predict that this is the beginning of the destruction of crypto currency and become the victim of panic and do sales of large tokens

ohkkstaaahp

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Activity: 378

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Well, almost worth the altcoin is falling pathetic, I do not know why but the market seems to be in a deadlock, probably one of the worst times of the Crypto market. .

Rano

newbie

Activity: 224

Merit: 0

Bitcoin started to drop again. Was at 6700$ this morning and 12 hours later it just touched 6070$. Almost all altcoins just dropped with Bitcoin. Usually altcoins seem to drop harder when bitcoin drops but shot up stronger when bitcoin pumps. I hope that alcoins or at least the top coins will decouple themselves from bitcoin in the next few years.

fulmetal08larz

full member

Activity: 476

Merit: 124

During this bloodbath, it is a good time to buy and accumulate more than your average purchases. It is not just crypto currencies that are down, global market in stocks, commodities, etc. are also down. Panic selling is usually the cause of this meltdown we're currently witnessing, but it will all end and the market will turn around and turn bullish, maybe by Q4 2018.

hengha

member

Activity: 462

Merit: 10

There are many reasons that affect the market decline. In the past two months, a lot of things have happened. Some trading platforms have been closed due to financial vulnerabilities, hacking, and celebrities have accused cryptocurrencies as bubbles! When people are frustrated and afraid of the market for these reasons, they will sell tokens, which will cause the market to drop substantially!

michellee

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Activity: 2604

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yes, altcoin dropping again this day but this is not for all altcoin because I see in bittrex, that there is an altcoin that still trying to gets up in the down of bitcoin price and still increase. the highest percentage is for FTC and still increase and decrease right now and maybe after this, the second coins in the list of bittrex will follow to increase higher. if you still have coins in bittrex, maybe you can prepare from now on so you don't miss the time to sell again this time.

IMatveeva

newbie

Activity: 182

Merit: 0

It all depends on bitcoin. If the price is down then almost all altcoins are also down. The price of all altcoins depends on bitcoin.

Topic: Altcoins dropping like crazy - page 5. (Read 1645 times)