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Topic: Altcoins harsh sell off past 2 days (Read 14 times)

member
Activity: 392
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
July 20, 2018, 05:23:42 PM
#2
I wasn't sure if there is any news why most of the altcoins have been aggressively selling off very strong today after a negative day yesterday.  If so could it be because of the congressman article?
https://www.digitaltrends.com/computing/congressman-wants-cryptocurrency-banned-in-america/

I trade frequently on Poloniex and the average coin is down like 10% today after most were down yesterday and I don't why but either stop losses were triggered or some whale(s) or panic sellers dumped heavily on eth/btc xrp/btc fct/btc btm/btc dash/btc all about 2 hours ago.  I just bought more factom and dash when I caught them low like this.  
https://poloniex.com/exchange#btc_fct
https://poloniex.com/exchange#btc_btm
https://poloniex.com/exchange#btc_eth
https://poloniex.com/exchange#btc_dash
https://poloniex.com/exchange#btc_xrp
The market is down about 5-10% of most coins, maybe this is a bad signal or a form of killing margins of whales. Keep a close watch on the market to make the right investment decision.
jr. member
Activity: 135
Merit: 6
July 20, 2018, 05:20:47 PM
#1
I wasn't sure if there is any news why most of the altcoins have been aggressively selling off very strong today after a negative day yesterday.  If so could it be because of the congressman article?
https://www.digitaltrends.com/computing/congressman-wants-cryptocurrency-banned-in-america/

I trade frequently on Poloniex and the average coin is down like 10% today after most were down yesterday and I don't why but either stop losses were triggered or some whale(s) or panic sellers dumped heavily on eth/btc xrp/btc fct/btc btm/btc dash/btc all about 2 hours ago.  I just bought more factom and dash when I caught them low like this.  
https://poloniex.com/exchange#btc_fct
https://poloniex.com/exchange#btc_btm
https://poloniex.com/exchange#btc_eth
https://poloniex.com/exchange#btc_dash
https://poloniex.com/exchange#btc_xrp
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