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Topic: ALTCOINS going red! - page 3. (Read 495 times)

wgd
legendary
Activity: 1815
Merit: 1005
August 08, 2018, 03:57:20 PM
#36
I am also devastated by my loss on alts. Will someone describe SEC status to ethereum and ethereum tokens in several words? Is everything already been said here?  Huh Sad Sad Sad
sr. member
Activity: 2604
Merit: 338
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August 08, 2018, 03:56:23 PM
#35
Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night
No one can definitely give you out the precise answer which had been asked for a thousand times when a bearish market can be seen. If we do look at on the cap, all are on reds and we are again on a bloody market and having a $223 B total cap as of this writing and if this would continue to drop. We might not see a bull run on this year probably but well this is just my own insight. For now the only thing we can do is to speculate and at the same time if you can able to risk up some money then its better to shopping cheaper good coins.
hero member
Activity: 1008
Merit: 500
August 08, 2018, 03:52:55 PM
#34
Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night
Because bitcoin prices are constantly dropping, A downturn has no stops. When prices continue to fall BTC. Investors are not calm enough to hold the altcoin. So altcoin prices also fall under the USD and BTC rates
sr. member
Activity: 552
Merit: 250
August 08, 2018, 03:44:07 PM
#33
What the main reason for the depreciation of the altcoins as well as the overall market falls under Coindesk is due to the impact of the SEC. The negative news from the SEC about the delay in the Bitcoin ETF has led investors to lose confidence in the market and panic selling has made the exchange rate fall dramatically.
sr. member
Activity: 798
Merit: 281
August 08, 2018, 03:30:24 PM
#32
10% in one night is fairly normal in a bear market, it can be a lot worse and usually is! Based on the last few months many or most have lost at least 50% of their portfolio, it's just too sad now to look at blockfolio now so stop looking or uninstall it
newbie
Activity: 52
Merit: 0
August 08, 2018, 07:01:39 AM
#31
may be your wallet Will be dropped till 90%... crypto world can be happen for that
member
Activity: 260
Merit: 15
August 08, 2018, 06:44:50 AM
#30
Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

It looks like market has turned again bearish, not only altcoins are bleeding even BTC is coming down again.
Hope to see all these reverses in couple of month and we are back riding bull again.
member
Activity: 364
Merit: 10
August 08, 2018, 06:35:23 AM
#29
Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

It's normal to a bearish market that the price will go down and getting 10% down for 1 night is not bad at all. Better buy only those quality coins can can easily bounce back after the correction. Ethereum is a good example that can bounce back after this correction.
member
Activity: 356
Merit: 12
August 08, 2018, 06:12:39 AM
#28
Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

this is the magical world of cryptocurrencies, you can lose 10% in one night, you can lose 50% in a few weeks but at the same time, you can earn 20% in one night and 50% in one week.
newbie
Activity: 196
Merit: 0
August 08, 2018, 06:04:01 AM
#27
I have lost 85% of my money, the market is very unstable, this makes me very uncomfortable, very tiring, when will the market return to Normal? everyone asks when the market will return to normal, everyone feels lost, I have no solution, I can only hold back and be patient from this situation.
newbie
Activity: 60
Merit: 0
August 08, 2018, 05:40:11 AM
#26
The rate of decline this time is very fast. If there is no big whale/shark action or good news, then I think the price of Bitcoin may fall below $6100!
legendary
Activity: 3248
Merit: 1402
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August 08, 2018, 05:38:38 AM
#25
Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

As what expected by many when bitcoin price goes down altcoin will suffer and follow bitcoin. Even i lost some of my profit when bear market started.
correct. because the movement of the altcoin depends on bitcoin, so the increase and decrease in bitcoin has a big effect on the altcoin
It doesn't normally depend on bitcoin. I believe that a very important factor here is btc dominance on the market. In general, every year btc dominance decreases, which means that people invest in altcoins more and more. When bitcoin is facing troubles, however, its dominance increases drastically, because people stop trusting alts and put everything in the king during hard times. Current 48% dominance is extremely high, so yeah, alts are falling down because btc is. The reason is most likely the announcement about postponing decision on CBOE's request to approve ETF:https://www.bloomberg.com/news/articles/2018-08-07/sec-postpones-decision-on-vaneck-bitcoin-etf-to-september. As usual, not a big deal, but goddamn newbies go panic selling once again.
jr. member
Activity: 99
Merit: 1
August 08, 2018, 05:05:24 AM
#24
Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

Whole cryptocurrency market depends upon speculations and there is no technical, fundamental or another analysis for prediction yet.Scams, negative approach of some big business houses and financial institution putting every investor in pressure and huge sell off in market.Still need awareness about this technology globally for boom.Hope for best.
newbie
Activity: 98
Merit: 0
August 08, 2018, 04:22:04 AM
#23
Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night
By the way yesterday Ethereum sharply grew up and an hour later fell even lower than before. I think that ordinary people do not know exactly what is causing it, maybe it is some sort of manipulation for Bitcoin growth, although I'm more likely to believe it is because of people who make short-term investments.
newbie
Activity: 85
Merit: 0
August 08, 2018, 03:56:17 AM
#22
Bitcoin is always the determinant.When bitcoin falls, it will fall in unproblematic subcoins.But this should not frighten us. The bull market is very close.I expect great resources for October.
newbie
Activity: 86
Merit: 0
August 08, 2018, 03:47:16 AM
#21
I have the same experience as you. In this rapid decline, all my coins have lost more than 10%! And I have not seen any signs that the market may rebound!
hero member
Activity: 1008
Merit: 511
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August 08, 2018, 03:45:01 AM
#20
well it's not really a surprise for me, not only ALTS is going red BTC is going deep to. Actually i am expecting it to go down till 3000 USD also but I am not that sure since it's just a prediction of most experts too. But hopefully after this month it will be rebounding soon.
newbie
Activity: 196
Merit: 0
August 08, 2018, 03:23:13 AM
#19
Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

You're lucky to have 10% loss than mine 40% already, but keep laughing since I know the market will bounce back. 2 days left the faith of Bitcoin ETF will be judge. Hopefully this time the 2nd submission will be accepted unlike the winklevoss submission. Not all alts are in bloody red some are stable and only down by 2 to 3 % which I assumed only because BTC is going down. It will all depend on August 10 decision. Either we keep this bear market situation continuously or surpass this as bull market approaches once Bitcoin ETF gets approved.
Thank you for giving me this precious information .. I will wait for the good news on August 10. The July and August markets are strange and different from the previous market. I agree altcoin depends on BTC. But in July and August when the BTC grew at the end of July, early August, the altcoin index almost rose. But when the BTC fell, altcoin fell sharply. The market has no consensus between BTC and altcoin. Here I'm saying altcoin the top 50 on the coinmarketcap

I am really surprised open the chart this morning and see all the coins in red.  I did not know what really happened and I am trying to find out what happened. My major concern now is how far this can go and my question is, is bitcoin heading towards $3,000?
I'm also worried about that happening with BTC. If it happens then it's a disaster for me
sr. member
Activity: 924
Merit: 260
August 08, 2018, 02:19:14 AM
#18
Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night
I am really surprised open the chart this morning and see all the coins in red.  I did not know what really happened and I am trying to find out what happened. My major concern now is how far this can go and my question is, is bitcoin heading towards $3,000?
hero member
Activity: 1456
Merit: 579
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August 08, 2018, 01:57:33 AM
#17
your "wallet" would have lost that 10% sooner or later if you have altcoins in it because they are going down one way or another. bitcoin's drops only speeds up the process of altcoins getting dumped and going down, it is not the reason for it.
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