Topic: Altcoins prices - page 2. (Read 705 times)
Yesterday bitcoin was growing, but today bitcoin is decreasing and altcoins rises. Yes, this is a crypto-currency market
Why altcoins price going down now?
many factors cause altcoin to become red in the market. one of the main factors is that of the bitcoin price increase, surely someone else will exchange it with bitcoin. this is why altcoin becomes plummeted.
all you have to do is, be patient and hold it.
Because of too many new altcoins.
It's because bitcoin pump and pump. And then, etherum network is very full transaction now. Etherdelta and erc-20 going down, because cryptokitties games.
When bitcoin pumps people sell alts for bitcoin and most alts are tokens based on ethereum so they suffer when there are problems with its network. Overall though the falls are just temporary.
They're not? They've only decreased by 1-2% maximum and that's normal in a 1 hour span. The thing you have to know about the crypto market is that it's going to be hella volatile. It can swing 50-75% in a day without any indication. Something like this is normal and you shouldn't worry about it. Just look at the top 10:
https://gyazo.com/688cc68d5285d9cf345434c4cbc59205
Seems fine to me.
https://gyazo.com/688cc68d5285d9cf345434c4cbc59205
Seems fine to me.
It's because bitcoin pump and pump. And then, etherum network is very full transaction now. Etherdelta and erc-20 going down, because cryptokitties games.
cryptokitty and bitcoin price going up, that's the main reason
I think when you see a very valuable altcoins. Then you can try to invest in value added. After buying, you can stay at hold for a period of time. Maybe it will surprise you.
Because the price of BTC has been rising at the moment. A lot of money is all going to buy BTC.so all the other Altcoins are down.
It seems like small cap coins are getting hit the hardest too. We'll see what happens. Gotta be patient.
My idea about this problem lies within the cryptokitties clogging the system of transactions in ETH. That game causes large delay in the transaction process. We cannot process the deposit and withdraw function in ether delta because of the overdue time it takes to process, in addition large value of GAS in GWEI is used up to cover for the fee. So, in short most buyers tends to buy bitcoin now for which the transaction costs less, and less time consuming compare now to altcoins.
Maybe we'll see some fixes to their scaling issues soon.
Or else maybe something like a side chain could be used for cryptokitties.
My idea about this problem lies within the cryptokitties clogging the system of transactions in ETH. That game causes large delay in the transaction process. We cannot process the deposit and withdraw function in ether delta because of the overdue time it takes to process, in addition large value of GAS in GWEI is used up to cover for the fee. So, in short most buyers tends to buy bitcoin now for which the transaction costs less, and less time consuming compare now to altcoins.
Maybe one of the reasons is that some new bitcoin forks starts in December.
Like any other asset (stock or property), the price of this digital currency can also rise and fall rapidly. In principle the altcoin price is the same, ie there must be a deal between the offer price (the price of the people who sell) and the price of the request (the person who buys).
Probably many alts investor turned their holding back to Bitcoins-related assets as they are more prone to pump with recently bullish rally of BTC peaked at $17,000. Litecoin, bcc for example you see had enjoy a 50%+ ride these days, but generally from my speculation alts are just that sensitive and would prone to movement against bitcoin's price. ERC20 token which consisted much of alts bleed as their main Ethereum suffered some issues with that catty game, it might indicate investor suggest things aren't that reliable within their network.
Why altcoins price going down now?
first reason why altcoins price is going down is because the price of bitcoin now is raising this is because the demand is all in bitcoin. all the altcoins has been exchange for bitcoins. but dont worry because this is the right time to buy altcoins and when the price of the bitcoin lower. the altcoins will rise up. if the there is a good coin that will surpass the demand of bitcoin.
There are two possible cause why altcoins are falling and couldn't even be or a third or a quarter standard compares to Bitcoin. they could be.
The first; the developers are neglecting their coins. After ICO, some developers don't do much to update this coins just because they have gotten their stipulated estimated amount from investors.
The second; the developers of this coins don't market their coins. I believe that coins which are vigorously marketed has the potential of attracting big investors to invest in them, and thus, causing growth.
The first; the developers are neglecting their coins. After ICO, some developers don't do much to update this coins just because they have gotten their stipulated estimated amount from investors.
The second; the developers of this coins don't market their coins. I believe that coins which are vigorously marketed has the potential of attracting big investors to invest in them, and thus, causing growth.
What I can say is that people still don't trust all these ALtcoins to be a store of value for them, thisis the role that BTC has played well, though I believe there will be a price correction coming but not the way some Altcoins prices have plummeted from their ATH
Yes, I agree that altcoin does not trust the masses, but everything has its time. This is just the beginning and I think people will understand the value of all this. Why altcoins price going down now?
It is up now. Though after this I can see the unhealthy of altcoin scale with bitcoin and not independent like it used to be. 
With current pattern.. It will prob be BTC run again... The all alts will head down then Monday morning will be alt run again...
Jump to: