Topic: Altcoins is going down for real. (Read 4185 times)
Cloakcoin with 35% increase in price, while others are falling, this is really amazing, I am into this for years and things like that are still awesome to see.
Why is it in the past 24 hrs almost all of the altcoins is going down atleast 10 percent in value even though bitcoin's price is steady at $2.5k. Is it contrary or something is really happening. Any thoughts?
Please read here I have tried to explain all the factors involved.
https://bitcointalksearch.org/topic/why-the-alts-go-down-again-and-again-after-a-rise-1987291
Everything will be as it is, hold and be patient 
just hodl on tight, it will recover
And boom it's go up as we speak. major green in the past hours. $5Billion added to crypto market since the fall.
Why is it in the past 24 hrs almost all of the altcoins is going down atleast 10 percent in value even though bitcoin's price is steady at $2.5k. Is it contrary or something is really happening. Any thoughts?
Despite the long term bullish trend, right now Bitcoin is not in a situation I would consider steady. Five percent drop is a high value for a multi-billion dollar marketcap. Regarding the altcoins drop, when Bitcoin falls in price many people sell their altcoins to buy Bitcoin.
just hodl on tight, it will recover
Nothing inspires selling like not being able to get access to your money.
You can access your money very easily.Just move it to a wallet where you actually control the private keys.
If you were as tech savvy as you say you are, you'd know that. Altcoins will get more sensitive and go down with ETH, but it's nothing to do with this.
Yes I understand that of course, my point was that the flood of people that came in will include many who don't understand this and see the crypto exchanges as the same level as stock exchanges. When issues like today and the last several days vis a vis access to buys/sells and funds is interrupted *a lot* then they will decide this space isn't ready for prime time and move their money elsewhere. Just reading the site here it is obvious many people, while they may have a wallet on their local computer, actually use the exchange's wallets to hold their funds.
Nothing inspires selling like not being able to get access to your money.
You can access your money very easily.Just move it to a wallet where you actually control the private keys.
If you were as tech savvy as you say you are, you'd know that. Altcoins will get more sensitive and go down with ETH, but it's nothing to do with this.
I don't know why some people are trying to make a meal out of these, this correction is bound to happen and any serious investors should know it is time to start buying when the market is red and panic sell.
Why is it in the past 24 hrs almost all of the altcoins is going down atleast 10 percent in value even though bitcoin's price is steady at $2.5k. Is it contrary or something is really happening. Any thoughts?
The price of bitcoin has even gone lower that the price you have there and I expect that the price of alt coin might even have to go down further depending on how the demand for such coin is able to hold against bitcoin price coming down. The real reason in actual sense, no one knows we all guess and hope the market will correct itself in due time so as to shame the predicters of the end of bitcoin.
Well, i'm one of the newbs that bought into bitcoin almost at ATH, also some other altcoins and now the value of everything dropped by -30% meaning a potential loss of almost 1500$ if i would sell everything right now...And i have the feeling, that the marketcap will go down even further (maybe just above 50B). But: I will hold...and i will buy more when the price is down because i think bitcoin has a future and will rise to new dimensions in a few years from now. Worst scenario: I'll invest 10-20k and lose everything...Well that would be hard, but some people have higher losses when buying new cars and selling them after two years...
Or: Best Scenario: I can quit my Job in 2020
Or: Best Scenario: I can quit my Job in 2020
I would have panic as a newbie but now I have come to realize it is very normal in Crypto world. It perfect opportunity to buy really cheap coins and sale when they go up.
My only dilemma at this point is when to buy in and if I'm going for BTC, LTC or ETH.
I have the same dilemma as you. I end up buying BTC and ETH. Good luck guys. 
Well it is pretty normal since BTC deprecated 10 over %. We will be seeing green next few days
My only dilemma at this point is when to buy in and if I'm going for BTC, LTC or ETH.
I have the same dilemma as you. I end up buying BTC and ETH. Good luck guys.
Well it is pretty normal since BTC deprecated 10 over %. We will be seeing green next few days
My only dilemma at this point is when to buy in and if I'm going for BTC, LTC or ETH.
In the same manner that everything went up without any particular reason now everything is going down without a particular reason.
There are reasons.
Reason 1: ICO's exposed Ethereum weakness.
Solution 1: PoS / Casper.
Reason 2: The fraud happen on G-DAX with $0.10 price for ETH
Solution 2: Stupid traders learned their lessons.
Reason 3: Fake news about death of Vitalik the founder of Ethereum.
Solution 3: He took a photo with latest block number to show he's alive.
Who had benefits?
The ones who cashed out
Investors that buy now when price low
Losers?
People that got panic and sold with lose.
In the folowing days you'll see major corrections
In the same manner that everything went up without any particular reason now everything is going down without a particular reason.
I think everyone should sell.
So I can buy. And retire in a few years
So I can buy. And retire in a few years
This happen a week ago altcoins dump but I beleive it will rise again. I think theres some panic selling but for sure it will pump. And we can earn profit even for a long term.
well just pick the coin that have big potential to make a bounce back like big names for sure the dev will try to make some updates and sometimes theywill try to place a buy wall to make sure that the project will not go so deep. profits will follow if we know how to look for good entry.
Just chill.
it is a healthy consolidation.
FTR, my Porftolio made a +30% these last 2 weeks. Seeing a -10% (status now) or even a -20% is a probably good thing for the future.
I am only concerned by all these traders with their stop-loss, who did not seem to have learnt the lesson with G-DAX...
it is a healthy consolidation.
FTR, my Porftolio made a +30% these last 2 weeks. Seeing a -10% (status now) or even a -20% is a probably good thing for the future.
I am only concerned by all these traders with their stop-loss, who did not seem to have learnt the lesson with G-DAX...
This is the kind of thing I read everytimes a pump ends. Even if you can be right, you could be wront too so stay careful.
Anyway these ICO weren't healthy and were a sign that someting was going wrong. I'm just interested to see what will happen in the next weeks.
I wrote this at the worst moment (I hope it WAS) when my portfolio was at -20%
I did CTFU&W (chill the F up and wait) and now I am at -13%.
There may be another correction coming, but so far it seems to hold.
My portfolio looks like a crazy rollercoaster :-)
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