Altcoins price falls down..! why? | Bitcointalksearch.org

anushkasachith888

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Quote from: 5ensei on December 31, 2017, 07:12:16 AM

Quote from: aervin11 on December 31, 2017, 06:46:48 AM

1. NEWS - SoKor announces to pullout their crypto shares.
2. HOLIDAY SEASON - Everybody is selling their coins to buy food, gifts and etc. NOT FUD.
3. Dumpers - They don't die, they multiply.

Exactly the reason. Also:

4. People have no money to invest after they used it in the sales

All coins will recover including bitcoin so you can either sell up now and buy back as soon as the pump begins, but you need to be quick or you will miss out completely

Great contribution for the thread. Thanks guys. Who is Sokor ?

anushkasachith888

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Quote from: vv181 on December 31, 2017, 06:10:54 AM

Altcoins market will always correlate with Bitcoin market if Bitcoin up altcoins will goes down and if Bitcoin goes down altcoins will too. The only way for altcoins to go up is when Bitcoin price stagnant.

I think this is what happen. Good answer. so far agree with you.
And can you please explain this incident in depth , I mean why when BTC goes down altcoin goes down and When BTC going up then also Altcoins going down? I would like to hear more from you.

anushkasachith888

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Quote from: BitcoinThief on December 31, 2017, 05:50:39 AM

Because you bought some, you should sell Tongue

But why in this time period ? Grin

, look around man

anushkasachith888

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Quote from: cryptomad77 on December 31, 2017, 07:12:46 AM

This is due to the fake news from south Korea suggesting that it will limit the use of crypto currencies.

Also bitcoin price fall down so the others currencies price also falling down ! we calculate other currencies price via bitcoin

Don't you concern year end factor ? As year end festival along with holidays people sell Crypto in order to get fiat money, they have lot of expenses in this season. once the season over Crypto will get speedy drive soon

anushkasachith888

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Quote from: kaloloy on December 31, 2017, 05:43:52 AM

A month of holiday season is the most important holidays of Christians like me, what I did is dumping my coins in order to buy special gifts for my loved ones so not only me but also other investors as well.
We'll see next year if Bitcoin and Altcoins will pump back to the sky. Then we can speculate another things.

Yeah I think that is the major reason for current falling down. may be some effect from KOREAN FAKE news as well. Hope 2018 will be the year of Altcoins, i feel so.

cryptomad77

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This is due to the fake news from south Korea suggesting that it will limit the use of crypto currencies.

Also bitcoin price fall down so the others currencies price also falling down ! we calculate other currencies price via bitcoin

5ensei

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Quote from: aervin11 on December 31, 2017, 06:46:48 AM

1. NEWS - SoKor announces to pullout their crypto shares.
2. HOLIDAY SEASON - Everybody is selling their coins to buy food, gifts and etc. NOT FUD.
3. Dumpers - They don't die, they multiply.

Exactly the reason. Also:

4. People have no money to invest after they used it in the sales

All coins will recover including bitcoin so you can either sell up now and buy back as soon as the pump begins, but you need to be quick or you will miss out completely

aervin11

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1. NEWS - SoKor announces to pullout their crypto shares.
2. HOLIDAY SEASON - Everybody is selling their coins to buy food, gifts and etc. NOT FUD.
3. Dumpers - They don't die, they multiply.

vv181

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Altcoins market will always correlate with Bitcoin market if Bitcoin up altcoins will goes down and if Bitcoin goes down altcoins will too. The only way for altcoins to go up is when Bitcoin price stagnant.

Partizanai

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End of the year, less people are trading more people are on holidays, less demand

burnhardzx1

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Quote from: anushkasachith888 on December 28, 2017, 10:51:51 AM

What is the real reason behind current altcoin price fallen?

correction and btc itself, altcoin is depends on bitcoin price, only a few can fight btc price like eth ltc or any coins that have market..

kaloloy

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Quote from: BumbleBeast27 on December 31, 2017, 05:07:37 AM

Some alt coins have high volatility which means that what goes up rather quickly, comes down even faster.

Indeed, and I agree. Altcoins rise and dive unexpectedly so investors are in panic if the coins they invested is slightly dives down and they're willing to dump also before it's too late and that's why one of the reasons why most Altcoins decreases the value so fast.

BitcoinThief

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Because you bought some, you should sell Tongue

kaloloy

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A month of holiday season is the most important holidays of Christians like me, what I did is dumping my coins in order to buy special gifts for my loved ones so not only me but also other investors as well.
We'll see next year if Bitcoin and Altcoins will pump back to the sky. Then we can speculate another things.

yua_na

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Altcoin down only for new comer. Because if we see from beginning of 2017 alt coin and bitcoin is still above the price of january 2017.and everything goes up and ofcourse will have some corrections. Some coin also will be death if dev team running. If only delay in project its normal thing in IT world.

BumbleBeast27

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Some alt coins have high volatility which means that what goes up rather quickly, comes down even faster.

zorranco

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Quote from: Davinus on December 28, 2017, 11:14:08 AM

Quote from: anushkasachith888 on December 28, 2017, 10:51:51 AM

What is the real reason behind current altcoin price fallen?

Bitcoin goes down = altcoins goes down, there is no science, when the king dies, the same happens with the altcoins, you do not need to be an expert to know this.

BTC is losing more and more market cap against the others...

Do you think soon BTC can be untied from alts? I mean, can it come the day when BTC can go down while alts go completely independent?

webmone

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Quote from: Eclipse2021 on December 28, 2017, 12:13:48 PM

Bitcoin is crashing , that's why ? Also panic is already on the streets , bloodbath will soon follow. Better to stay away from crypto in these times and wait the q1 of 2018 to make again some investments. It's okay also to participate into ICOs.

The price of altcoins should not constantly grow, it is a market, and in the market there may be corrections, sometimes deep ones. Even "grandfather" Bitcoin has fallen in price, but this is a temporary process.

qigong13

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Quote from: anushkasachith888 on December 28, 2017, 10:51:51 AM

What is the real reason behind current altcoin price fallen?

BTC, everyone cash out to USDT.

gmf1000

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Quote from: Patrick_Bates on December 28, 2017, 11:47:09 AM

Every one trade it to fiat to purchase gifts for X-mas and New Year. In January it will start rising again. So, if you want, it`s the best time to pusrchase some ETH or BTC right now.

I do agree, everyone need money to spend their holiday... I believe alts will rise again after this long weekend..

Dart18

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For me it is because of bitcoin going down.
Ethereum is being pulled down by it and maybe this altcoins are also feeling the low market for now.
But I assure you this will not be long. Maybe next year will be a big hit for all the crypto currencies. Just feeling it.

Mevz

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Because that is the expectations of traders when bitcoin grows fast and also experiencing fud from the south korea. But i think it helps for some traders to buy some altcoins i think that is their technic to manipulate the price of altcoins. Price are always controlled by their expectations.

superving

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Because of fake news altcoins suffers , but after they realized its a fake altcoins will go back.
Those who knew that its only a fake news its thier time to buy while there is panic ongoing.

spyderbilt

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now all altcoin has fallen in price, maybe this is the right time to buy altcoin in bulk and sell it a few months ahead. because the next few months later altcoin prices will return stable to the highest level.

coinsontheroad

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Quote from: anushkasachith888 on December 28, 2017, 12:12:44 PM

Quote from: bastien112 on December 28, 2017, 11:59:05 AM

Ripple does look pretty good though ! Thanks to Japan mainly.

How if Illuminati decided not to accept XRP according to their agenda? Sad

I'll bet Coinbase adds XRP in January.

And I think everything will spike after the new year.

leea-1334

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Quote from: Hellobx on December 28, 2017, 11:04:07 AM

Because of the fake news from South Korea: it will limit the use of cryptocurrencies and bitcoins, and that's why today's crash.

No, that news is old news. Everyone knew what South Korea was going to do even before Bitcoin started crashing. For me, always follow history. Altcoins crash in cycles and usually this crash is across most alts, and in similar trends. So number 1 is usually Bitcoin price is going up. This usually means altcoins crash. And number 2 is just that Alts just experienced major boom, and corrections are incoming as per natural market conditions. MArket is all about cycle, what goes down goes up, alternating. This is just the nature of trading.

ciacio84

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Speculation ... it's just speculation ... those who have a lot of $ make the price go up and down the way you want, we mere mortals have to adapt

crenfrosck

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Sales before New Year were quite predictable, now I'm sad that I don't have extra money to buy my favourites. I can't have everything tho.

anushkasachith888

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Thanks everyone for the responses. Now I have great idea why Altcoin price felt down.. ?

geyayy

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I think it is because of the sudden crash of bitcoin's price. Being the mother of all crypto currencies, it somewhat affected the price of other crypto currencies.

qazgroup

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RiveMont

I think crashes and pumps are regular for the altcoins, if you are a trader you must know that it is normal behaviour in the markets, especially the highly speculative crypto markets.

husdemba

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Pepemo.vip

The markets are very moving. We need to not panic and have to catch up on buying opportunities

anushkasachith888

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Quote from: Salesman4coinZ on December 28, 2017, 12:18:54 PM

Quote from: Eclipse2021 on December 28, 2017, 12:13:48 PM

Bitcoin is crashing , that's why ? Also panic is already on the streets , bloodbath will soon follow. Better to stay away from crypto in these times and wait the q1 of 2018 to make again some investments. It's okay also to participate into ICOs.

Of course, laught a lot about this post! Cheesy

Its because is the end of the year. Everbody is cashing out because of the taxes, for christmas present and to pay other bills. After January the cryptocurrencies will come back much stronger then ever!

Don't laugh too much man. I am learning from each and every day from everyone here. Cheesy

Because some people saying this is due to fake news from Korea about Bitcoin. So I was confused what was the real reason behind this fallen. So my question is not funny as I believe.
Then I will take this incident as like this. Mainly this is how the market in the end of year. and Korean fake news made it more easier this time, right...?

Oumal

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This happens every year before the holidays, the whales remove the profit, I'm not surprised. If there are serious altcoins, just need to keep them

Salesman4coinZ

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Quote from: Eclipse2021 on December 28, 2017, 12:13:48 PM

Bitcoin is crashing , that's why ? Also panic is already on the streets , bloodbath will soon follow. Better to stay away from crypto in these times and wait the q1 of 2018 to make again some investments. It's okay also to participate into ICOs.

Of course, laught a lot about this post! Cheesy

Its because is the end of the year. Everbody is cashing out because of the taxes, for christmas present and to pay other bills. After January the cryptocurrencies will come back much stronger then ever!

shandi albert

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The possibility of a correction because it has gone up too high, Some take advantage.Price movement up and down is determined by the number of requests, rising bitcoin prices also the effect of the large market demand and automatically everyone will be interested to buy bitcoin. So in this condition most of them sell Altcoin with cheap price for bitcoin investment.

klub88

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basiclly all value of altcoin is fluctuations, not one has sure value. altcoins has faster growth and decline, but what happens in the end the price will go back up again, thats normal in altcoins

Eclipse2021

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Bitcoin is crashing , that's why ? Also panic is already on the streets , bloodbath will soon follow. Better to stay away from crypto in these times and wait the q1 of 2018 to make again some investments. It's okay also to participate into ICOs.

anushkasachith888

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Quote from: bastien112 on December 28, 2017, 11:59:05 AM

Ripple does look pretty good though ! Thanks to Japan mainly.

How if Illuminati decided not to accept XRP according to their agenda? Sad

cryptoquality

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Quote from: Hellobx on December 28, 2017, 11:04:07 AM

Because of the fake news from South Korea: it will limit the use of cryptocurrencies and bitcoins, and that's why today's crash.

I don't really see any crash in the market and not all the alt coins are falling. some is falling and some is rising.

There is always those kind of speculations coming from different countries. Market is not reacting to those news so much.

anushkasachith888

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Quote from: chaosfourever on December 28, 2017, 11:43:57 AM

You need to invest in the right alts and you wont have the issue. My alts Ardor and Deeponion have only been going up lately. I suggest you look into them.

Ardor is a promising coin. I will look for them. You got XVG?

bastien112

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Ripple does look pretty good though ! Thanks to Japan mainly.

TudorOzy

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Just following the waves of FUD , no worries, January will come and will rise .. hopefully . As someone already mentioned, news, bad ones always make the market shiver.

marks1976

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Quote from: Hellobx on December 28, 2017, 11:04:07 AM

Because of the fake news from South Korea: it will limit the use of cryptocurrencies and bitcoins, and that's why today's crash.

People are so blindly to take it as the serious problem. remember at the previous month the korean exchange site try to ban the bitcoin and then it doesn't work at all and this time they are spreading another FUD again to the market. If they are try to pushing the south korean exchange site and then all of the traders will more to another exchange site for sure.

Irkytsk38rus

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Quote from: anushkasachith888 on December 28, 2017, 10:51:51 AM

What is the real reason behind current altcoin price fallen?

So this is a good reason, buy extra coins, at good prices, and the price falls because of the news

Eclipse2021

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A friend told me that all the market will crash and here we go , bitcoin dropped over 7k in 2 days. We are now in the volatile era , it will be a short one , but maaan , most of us will loose money if we invest or gamble on market now.

Patrick_Bates

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Every one trade it to fiat to purchase gifts for X-mas and New Year. In January it will start rising again. So, if you want, it`s the best time to pusrchase some ETH or BTC right now.

rodalutor

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Quote from: anushkasachith888 on December 28, 2017, 10:51:51 AM

What is the real reason behind current altcoin price fallen?

There is some FUD around regulation in south korea which is one of the biggest crypto markets. Alts haven't suffered too bad though, I think they'll be fine in a couple days time.

chaosfourever

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You need to invest in the right alts and you wont have the issue. My alts Ardor and Deeponion have only been going up lately. I suggest you look into them.

Al-Qadhafi

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Quote

BlazedAndConfused
Alts rise when they either have stellar news, or when BTC goes sideways. When BTC goes on a bull or bear run, alts tank.
Bull run means btc goes up so alts have to go down to basically maintain an equalibrium value of their relative USD to Satoshi levels.
People know this, so they often sell their alts to ‘weather the storm’ of bitcoin going up like a rocket.
They then buy back in cheaper with more buying power. When bitcoin drops, its usually money leaving the market.
Scared money cashes out into tether and other safe haven coins like ETH or LTC. So money, again, leaves.

anushkasachith888

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Quote from: Davinus on December 28, 2017, 11:14:08 AM

Quote from: anushkasachith888 on December 28, 2017, 10:51:51 AM

What is the real reason behind current altcoin price fallen?

Bitcoin goes down = altcoins goes down, there is no science, when the king dies, the same happens with the altcoins, you do not need to be an expert to know this.

okay then why When BTC goes up Altcoins go down? When the king goes up, others should follow him...

anushkasachith888

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Quote from: cryptonoob312 on December 28, 2017, 11:07:55 AM

There's no particular reason. High volatility is normal for cryptocurrencies. Also look up some market rules and you'll see that ups and downs are normal just before new year. So, current drops are temporary. Nothing to worry about. Altcoins will go up again soon.

Hmmm. I guess so, As you think Korean fake news has no major impact ?

Davinus

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Quote from: anushkasachith888 on December 28, 2017, 10:51:51 AM

What is the real reason behind current altcoin price fallen?

Bitcoin goes down = altcoins goes down, there is no science, when the king dies, the same happens with the altcoins, you do not need to be an expert to know this.

cryptonoob312

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There's no particular reason. High volatility is normal for cryptocurrencies. Also look up some market rules and you'll see that ups and downs are normal just before new year. So, current drops are temporary. Nothing to worry about. Altcoins will go up again soon.

Welckomtome

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Quote from: anushkasachith888 on December 28, 2017, 10:51:51 AM

What is the real reason behind current altcoin price fallen?

Most likely this is related to the news on Korean exchanges, but everything will grow you can not worry about it!

anushkasachith888

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Quote from: Hellobx on December 28, 2017, 11:04:07 AM

Because of the fake news from South Korea: it will limit the use of cryptocurrencies and bitcoins, and that's why today's crash.

So it is the only reason? what about today hardfork factor ?

Hellobx

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Because of the fake news from South Korea: it will limit the use of cryptocurrencies and bitcoins, and that's why today's crash.

anushkasachith888

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What is the real reason behind current altcoin price fallen?

Topic: Altcoins price falls down..! why? (Read 504 times)