Altcoins dropping like crazy - page 8.

Killrbit

member

Activity: 224

Merit: 31

Quote from: allthebitandbobs on June 13, 2018, 06:50:54 AM

Quote from: percent on June 13, 2018, 05:40:25 AM

Big correction in store for large cap alts. Expect more bottoming/all time lows.

i think we hit the bottom here hoping anyway most are down 90-95 % from there peak from the boom

Personally i think we are just at the start of the bottom. I don't think we should compare this correction with the ones over the last few months, as a major trendline has just been broken at 6.8k, this trendline went all the way back to 2.5-2.8k. and now the next one starts at 700-1000$ and goes to 5.5-5.8k, which is going to be extremely dangerous levels if they break.

I know a lot of people dont really care much for TA, but that just my opinion anyways. Right now i think everyone is looking if that previous 6k low from a few months back can hold.

Elsonbol

sr. member

Activity: 420

Merit: 250

Quote from: SillyGirl on May 28, 2018, 06:11:39 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

correction will end when all hamsters bargain BTC away and whales will have more nothing to buy. then also good news about BTC and everything that is connected with it will go, and the famous people will begin to beat breast that BTC is eternal and so on. bought it is necessary to sell at the price, purchased is at least twice higher.

allthebitandbobs

sr. member

Activity: 1148

Merit: 252

Quote from: percent on June 13, 2018, 05:40:25 AM

Big correction in store for large cap alts. Expect more bottoming/all time lows.

i think we hit the bottom here hoping anyway most are down 90-95 % from there peak from the boom

Shtamm_oval

full member

Activity: 364

Merit: 100

Maybe nowadays not all is well with this coin, but soon most likely everything will work out and stabiliziruemost, of course I would like to allcoin also grew up only remains to wish good luck.

percent

jr. member

Activity: 97

Merit: 3

Big correction in store for large cap alts. Expect more bottoming/all time lows.

vooov

newbie

Activity: 86

Merit: 0

Because so many things have happened recently, most of the major currencies have continued to fall, and the forks attached to these mainstream currencies have also fallen along with them!

Bigbay

jr. member

Activity: 159

Merit: 2

I also have the issue. For the past one week all my altcoins kept falling and i am kinda afraid. Even when Bitcoin and Ethereum drops a little there will be a great fall in the altcoin.
Does any one has idea of what is happening and are you sure they are going to rise above their ICO again? Because most has fallen below their ICO price.

koloNikolo

member

Activity: 224

Merit: 10

That will continue till the new positive news come. Tough time for all crypto market. But I cannot understand why it's like that. No good news about BTC from the last year. That's why all the altcoins and market is flying to the ground Embarrassed

CryptoMike14

newbie

Activity: 154

Merit: 0

I hate to say this but Altcoins are dropping almost 20% last week because of the Bitcoin. I think the biggest reason why Altcoins price drop is because of Bitcoin.
If we want Altcoins to be stable and slowly rising again, then we need to wait until Bitcoin stabilized.But with the current market situation, thing will be so hard for Bitcoin to recover.

TheHas

full member

Activity: 616

Merit: 167

Most altcoins follow price movements in Bitcoin quite a lot. If Bitcoin goes up, so do most altcoins and vice versa.

This pattern has generally held over the last year, with further variation up or down in altcoin price based on that specific coin's announcements. If you have a look at price charts on coinmarketcap, you'll see how the yellow 'bitcoin' line follows the altcoin line in a broad sense very often.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Quote from: jackylion on June 13, 2018, 12:44:04 AM

Quote from: therealelon on June 12, 2018, 08:56:45 PM

The trick is to have money on the side to buy these dips. It is hard to take money out of crypto, but a succesful strategy is buying these dips. Like any market it will fluctuate.

The market is falling, I see the market falling regularly, so there is no reason for us to worry. Try to wait for good things to come to you.

Panic selling is the key for those extra falls that happen. If people do hold their coins it would not fall much and in fact it will rise more quickly as buyers will not be getting coin easily and will be able to pay more for the coins. But only few understand this concept.

grimjoever

newbie

Activity: 115

Merit: 0

yep because they are following bitcoin trend. i think it's normal for the current market situation

hisuka

sr. member

Activity: 882

Merit: 251

Quote from: jackylion on June 13, 2018, 12:44:04 AM

Quote from: therealelon on June 12, 2018, 08:56:45 PM

The trick is to have money on the side to buy these dips. It is hard to take money out of crypto, but a succesful strategy is buying these dips. Like any market it will fluctuate.

The market is falling, I see the market falling regularly, so there is no reason for us to worry. Try to wait for good things to come to you.

Cryptocurrency were falling so not only altcoins dropping these days. Instead of worrying about the market we should be calm and patient. As others said it is not forever dropping hence, it can survive.

Elcapsono

sr. member

Activity: 434

Merit: 250

THE ENERGY EFFICIENCY PROTOCOL

Quote from: SillyGirl on May 28, 2018, 06:11:39 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

The reason one of the patience of the investors ended, because of this, and the volume of trading almost fell to zero as capitalization in principle. I wonder what miracle is needed to return investors for investments, after such losses.

jackylion

member

Activity: 308

Merit: 10

Buy, sell and store real cryptocurrencies

Quote from: therealelon on June 12, 2018, 08:56:45 PM

The trick is to have money on the side to buy these dips. It is hard to take money out of crypto, but a succesful strategy is buying these dips. Like any market it will fluctuate.

The market is falling, I see the market falling regularly, so there is no reason for us to worry. Try to wait for good things to come to you.

jamids

sr. member

Activity: 616

Merit: 252

Quote from: yonnymen on June 12, 2018, 07:59:48 PM

Entire market is dumping and nothing we can do. Have to wait for bullish confirmation before getting in and keep hodling.

We have to wait for that bullish confirmation so that we will know when we should enter. There is a possibility that when we enter now, the price keeps falling and we will be out of funds then to keep buying the dips so we can't average down anymore. Bitcoin has been in a downtrend again but I think this is just a shakeout so that people would be afraid to buy and those whales can buy in a cheaper price getting ready for the next bull market. If bitcoin rise exponentially then the altcoins would follow suit eventually more than the percentage increase of bitcoin.

romero121

legendary

Activity: 3164

Merit: 1213

Whenever there is a major price drop, the fall in value of altcoins will be very big. This is possible to be retained only when the price of bitcoin as well the head of altcoins increase. One of my holdings have gone as low as $0.006 from the value around $0.1 months back. I don't know what is gonna happen further, such drop gets recovered or not. Just with the hope having patience to experience a good pumping.

Claudyah

newbie

Activity: 252

Merit: 0

Quote from: adamlillian on May 28, 2018, 06:22:42 AM

I think because the investors have withdrawn capital. They seemed to lack confidence in many altcoins because they did not bring much practical value.
I feel pretty nervous about this, perhaps as the Crypto market is no longer able to recover. It is going to the verge of extinction. I do not know what to do with the pennies I hold, should I sell it or not?

you have to be calm and have to be patient do not because the price is getting down and we sell it just asset that we have simpajn even hope we get profit even get loss if you have more mobal try to buy because the price is down and we believe this cycle will end and the price can return to normal.

IntelligentIdiot

sr. member

Activity: 486

Merit: 250

Quote from: adamlillian on May 28, 2018, 06:22:42 AM

I think because the investors have withdrawn capital. They seemed to lack confidence in many altcoins because they did not bring much practical value.
I feel pretty nervous about this, perhaps as the Crypto market is no longer able to recover. It is going to the verge of extinction. I do not know what to do with the pennies I hold, should I sell it or not?

Practical Value, that is what I always want to see in a certain coin. Just like fiat currency, it needs to be used and needs to be utilized for the procurement or purchase of goods and services. I always ask them ICOs or coin devs when I see a new coin whether they have plans to include these coins in some kind of marketplace where I can get physical stuff using their coins. If coins will be able to give real value then we might see a new resurgence of Cryptocurrency.

therealelon

jr. member

Activity: 34

Merit: 1

The trick is to have money on the side to buy these dips. It is hard to take money out of crypto, but a succesful strategy is buying these dips. Like any market it will fluctuate.

Topic: Altcoins dropping like crazy - page 8. (Read 1615 times)