Altcoins prices are bleeding heavily - page 10.

eaLiTy

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Quote from: Kang TB on September 24, 2019, 05:34:14 PM

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

There was no direction for the market for sometime and with the introduction of Bakkt future trading and with the expectations died down we are seeing a correction. The alt coin market will bleed when ever the price of BTCitcoin goes down, you wont be seeing a big bear market but we will see corrections like this till the halving and if anyone is planning to invest, this is the best time for that and only invest with long term plans if you are looking for profits.

Cheesus

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Quote from: Kang TB on September 24, 2019, 05:34:14 PM

Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coins

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

Not all the altcoins. We have few coins which values have not gone down as like other coins. Namely, ERD, COS, Matic and Harmony. Mainly the coins launched on Binance launchpad, sustained their values. This would probably their product and services being behind.

Exactly. Even Ethereum, EOS went more down than Harmony, Matic! But these few coins can not be an example when 90% of altcoins bleeding heavily. Before this sudden dump, people were talking about only altcoins dump, but right now Bitcoin price is dumped too. It seems there can be another bear run! What do you think?

tonyvo2017

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Quote from: Kang TB on September 24, 2019, 05:34:14 PM

Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coins

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

Yes, I think this is just the adjustment of the whales and depressing the psychology of the crowd, after which they will pump coins. This makes perfect sense when we look back at the beginning of 2019, the whales deliberately forced the price of Bitcoin and alts to plummet.
At that time, ETH was only $ 77 and Bitcoin was $ 3k2.
When the market seemed passive, trading volume was less than $ 5 billion and constantly complained of speculators on the forum, then, the whales began to pump coins.
As a result, ETH increased to $ 325 and bitcoin increased to $ 13k3. I believe this bull run scenario will be back and we need to be more patient to see it.

robelneo

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Quote from: Kang TB on September 24, 2019, 05:34:14 PM

Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coins

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

The market is very dynamic what you post today may not reflect what's the market data is saying tomorrow, when analyzing the price it's best to compile the list for the whole week so we can figure out the percentage on the drop.
We cannot draw a complete picture of the situation if we rely on one situation alone, your is analysis is only on one day since you posted it yesterday it's different today than what we had yesterday.

mhine07

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Quote from: Kang TB on September 24, 2019, 05:34:14 PM

Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coins

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

Altcoins value are not stable at this moment , because of the bitcoins value downfall in early this year and last year , most of the altcoins that are in top in coinmarketcap are also goes down that until now they cannot bounce back. But i still believe that this year altcoins will regain and gonna make more profits just like before.

hirngespenst

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Not only altcoins, Bitcoin and the whole crypto market has fallen down heavily. Volatility at its best! But I am sure altcoins will be rolled back again as before! We all know crypto market's condition wont to be stay at one position, so, a good time will be back. But my fear is also the same as you, is it a signal for the upcoming bear market! Last year, In September, there was a massive dump in the crypto market, this year almost the same dump just happened to ETH/Altcoins!

seleme

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Quote from: hashman on September 27, 2019, 02:22:02 PM

Quote from: Kang TB on September 24, 2019, 05:34:14 PM

Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coins

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

I think we are very close to bear market If BTC cannot stand.
By the was it was good opportunity for money people, specially ETH.
Money ETH orders filled at around 150 USD and now ETH is around 166 USD and it looks strong.
Our hope is green days without see any bearish movement at the market 😊

It makes sense to invest in the low prices if the market is in the bearish climate. Current prices are garbage if we compare with the prices of the 2 months back and the support levels have to reject any bear attempt which aims to cross the $100 per ETH. I hope you already placed your stop loss and take profit orders accordingly to the fundamnetal-technical analyze.

Drastically increase of the Bitcoin is now followed by the big red candles on the charts, the more price squeeze continues the fewer crypto investors will wait patiently for the next leg of the uptrend from my understanding. Sell compulsion is not good at these price levels, BTC can test the lower price points below the $7000 if the market can't hold itself from the before mentioned group of traders.

wheelz1200

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Quote from: Kang TB on September 24, 2019, 05:34:14 PM

Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coins

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

That was a pretty bad beating and it was pretty much across the board. Did it deserve to drop out like that,probably not as a whole so there is some good. Value there right now. Is the more risk of more dumping sure, ut I'd rather buy the bottom than buy the tops so not a bad week to jump in

hashman

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Quote from: Kang TB on September 24, 2019, 05:34:14 PM

Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coins

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

I think we are very close to bear market If BTC cannot stand.
By the was it was good opportunity for money people, specially ETH.
Money ETH orders filled at around 150 USD and now ETH is around 166 USD and it looks strong.
Our hope is green days without see any bearish movement at the market 😊

bering

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Quote from: xenomorphe1 on September 27, 2019, 04:27:42 AM

Altcoins are following bitcoin, that's why they are bleeding. If bitcoin continue to fall, altcoins are going to follow it as people and bots are trading them like bitcoin.
If bitcoin price is stable, altcoins have a chance to recover.

Flipped from your says above that the worst situations for altcoins sometimes when bitcoin price can be bounce back but some of altcoins never can do that and gradually dropped to the deep so it's difficult to the traders to get decent profit from altcoin

qwizzie

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Quote from: iv4n on September 27, 2019, 10:54:30 AM

Quote from: binhvo1505 on September 27, 2019, 07:40:13 AM

Quote from: Kang TB on September 24, 2019, 05:34:14 PM

Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coins

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

This market will continue to dump because too many mining companies abandon bitcoin and cause its hashrate to drop dramatically by 40%.
This is considered to be the worst news ever and that has hit the whales, causing them to sell off bitcoin recently. If the hashrate does not recover, it will continue to fall and the altcoins will fall similarly Cry

Where did you see that information about miners abandoning bitcoin mining? And if they are really doing that, what will they mine next? Do you think they will throw away their mining equipment just like that? We had similar situations in the past, but after a while things go back where they were.
And it`s not that all alts are bleeding heavily, some are holding pretty good if you check cmc you will see that.

https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3m

It was just a temp drop in Bitcoin mining hashrate, it has fully recovered by now.

Also i dont think this drop in mining hashrate affected the Bitcoin price all that much, people were just disappointed about Bakkt volume, VanEck ETF proposal getting withdrawn and i also dont rule out some price manipulation going on from those trading in Bitcoin Futures
(50% of Bitcoin futures contracts expire this friday / today).

Link : https://cointelegraph.com/news/bitcoin-price-manipulated-before-futures-settlement-dates-research

Quote

Arcane published the numbers just hours before Bitcoin nosedived 15%, bottoming out at $8,000. That event happened to
occur days before a major settlement date: on Friday, 50% of open interest in Bitcoin options is set to expire.

Looks like the other 50% of Bitcoin futures contracts expire 1st of october 2019.

Link : https://www.barchart.com/futures/futures-expirations/currencies

I would not be surprised if Bitcoin dropped to $7,500 between now and 1st of october, and then rise again (pulling the altcoins with it).

Golftech

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Quote from: Duzter on September 27, 2019, 07:29:09 AM

Quote from: Deborah Christine on September 27, 2019, 01:10:06 AM

It has been more than a month since the price of bitcoin has not experienced a very drastic increase. And that greatly affects the price of altcoin. I prefer not to panic and sell my assets cheaply. I prefer to hold until everything gets better.

The price hasn't grown big, but there is continued fluctuation above the range of $10000. Next thing the price of bitcoin fell low from the value close to $14000 reaching $10000. This wasn't much into discussion as the market didn't fell low to the $10000 barrier. This time falling low to $10000 is the major reason for such a big discussion.

You are right, since the value of Bitcoin falls so hard it's bring the depression inside the Alts community, making the value of most of the Alts to bleed and stay down for quite some time. There's a lots of people who are still positive and aiming to get something out from this down sways hoping to place an entry in the right timing. If you are optimistic and you have the guts to keep holding there's momentum changers that will happen anytime, best to keep yourself calm.

Questat

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Quote from: Kang TB on September 26, 2019, 05:18:27 PM

Quote from: CasinoAdrenaline on September 26, 2019, 08:04:34 AM

No need to worry I think. It just a matter of time the market will explode. So the worst thing that you could do is selling your coins.

i believe the weak hands will sell their coins in this situations
but, maybe a smart traders will doing that too, if they predict the price will be down more my friend

That would be a strategical way, they are smarter than of casual traders but doesn't mean that they know everything about the market. Its something they know a lot and they take action with some basis unlike to those casual traders as they make decisions base of what they think is good.

Altcoins drop-offs not always have a negative result besides, many will take the opportunity with this. The opportunity for us to buy more potential altcoins at cheap price. Will it someone in selling while someone is also buying. That is really the life of crypto.

iv4n

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Quote from: binhvo1505 on September 27, 2019, 07:40:13 AM

Quote from: Kang TB on September 24, 2019, 05:34:14 PM

Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coins

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

This market will continue to dump because too many mining companies abandon bitcoin and cause its hashrate to drop dramatically by 40%.
This is considered to be the worst news ever and that has hit the whales, causing them to sell off bitcoin recently. If the hashrate does not recover, it will continue to fall and the altcoins will fall similarly Cry

Where did you see that information about miners abandoning bitcoin mining? And if they are really doing that, what will they mine next? Do you think they will throw away their mining equipment just like that? We had similar situations in the past, but after a while things go back where they were.
And it`s not that all alts are bleeding heavily, some are holding pretty good if you check cmc you will see that.

binhvo1505

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Quote from: Kang TB on September 24, 2019, 05:34:14 PM

Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coins

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

This market will continue to dump because too many mining companies abandon bitcoin and cause its hashrate to drop dramatically by 40%.
This is considered to be the worst news ever and that has hit the whales, causing them to sell off bitcoin recently. If the hashrate does not recover, it will continue to fall and the altcoins will fall similarly Cry

Duzter

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Quote from: Deborah Christine on September 27, 2019, 01:10:06 AM

It has been more than a month since the price of bitcoin has not experienced a very drastic increase. And that greatly affects the price of altcoin. I prefer not to panic and sell my assets cheaply. I prefer to hold until everything gets better.

The price hasn't grown big, but there is continued fluctuation above the range of $10000. Next thing the price of bitcoin fell low from the value close to $14000 reaching $10000. This wasn't much into discussion as the market didn't fell low to the $10000 barrier. This time falling low to $10000 is the major reason for such a big discussion.

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Quote from: Kang TB on September 24, 2019, 05:34:14 PM

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

I don't think the market will be bullish hard in the near future... This red market I think is a natural thing, why do I say reasonable?? because it has happened several times since last year.. in the near future we will definitely see the green market again but not the bull market, the green market that will occur is a reply for the red market that is happening right now.

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Quote from: Deborah Christine on September 27, 2019, 01:10:06 AM

It has been more than a month since the price of bitcoin has not experienced a very drastic increase. And that greatly affects the price of altcoin. I prefer not to panic and sell my assets cheaply. I prefer to hold until everything gets better.

Bitcoin investment needs a great deal of patience as the bear market is still happening and we can do nothing but wait. This market has been rising very high in the past few months but now everything is different and BTC has been continuously in huge declines. At the moment investors are really worried and if BTC cannot increase in the near future then everyone will trend to sell more and that's not good for crypto.

xenomorphe1

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Altcoins are following bitcoin, that's why they are bleeding. If bitcoin continue to fall, altcoins are going to follow it as people and bots are trading them like bitcoin.
If bitcoin price is stable, altcoins have a chance to recover.

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Quote from: Kang TB on September 24, 2019, 05:34:14 PM

Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coins

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

maybe there will be another decline soon. looking at the current situation, it is likely that altcoin will experience a bear market. so prepare yourself, maybe this lasts longer.

but that's the only thing I believe in, even though there will be a fall. but next year everything will definitely recover. You know halving bitcoin can affect the market and have a big impact later.

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