Altcoins prices are bleeding heavily - page 13.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

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 ?

Compared to bitcoin with 10% Fall isn’t that I still more than those 35% of altcoins?imagine how huge the price of bitcoin with $8-10k price when altcoins only hundred bucks below/under ?

So it’s not just the alts are bleeding but the whole market instead mate

PLATO

sr. member

Activity: 493

Merit: 250

Don't trust "BBOD The Best Futures Exchange"

Quote from: dataispower on September 24, 2019, 05:44:36 PM

I was astonished to see the massive dip because there wasn't really a strong FUD to initiate it. It took most of us unawares. The best strategy to apply now is holding the coins on your portfolio and accumulating more at intervals as they dip further. It won't take long before the market will experience an uptrend in my opinion. I am presently holding BTC, ETH, XLM, BCH, BNB which dipped with great margin but this doesn't call for panic selling. The more people panic sell, the more the dip continues.

Now we cannot trust any coin because today Bitcoin has a huge decline in just a few hours. I am very surprised at the value of this coin today but I can only wait because all the coins are now very cheap and completely within the price to invest. This market offers opportunities for everyone but can also take away all the money you have earned so be careful.

Kemarit

legendary

Activity: 3080

Merit: 1353

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

The whole market is down due to bitcoin hash rate flash crash.

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 ?

As far as altcoin goes, it has been in a long bearish trend so nothing is new. We have to look at how Bitcoin does in the next couple of days because if it continue to go on a downward spiral, the whole altcoins will be impacted negatively. So let's see, we can't really see what the future holds, you just have to remain calm and adjust on every market situations.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: Finestream on September 24, 2019, 06:05:27 PM

This isn't so bad, I think it's just a dip that gives us an opportunity to buy.
One big dump for a day can really cause panic to people who are weak, but if they are here when BTC struggles at $3k, they would not easily get affected with this dump. ETH has recently recovered a bit pumping to $200 but this dump cause it to dump back again, but let's just observed, it's just one day, let's not make a conclusion yet.

Remember we have great news this month particularly the Bakkt launch and this would give a chance to increase the future adoption, so even if the market will dump, expect it will recover again.

We know they are weak hands if they are bothered by this situation.
How many times we have had this up and down movement?
And if bitcoin is decreasing, normally, the price of alts follows.
So this kind of scenario is actually not new at all. We have been there countless times already.
So for other crypto users, this is a good opportunity to diversify and take advantage of the situation.

pealr12

hero member

Activity: 1946

Merit: 502

Ethereum is the biggest losser this week from 220$ down to 169$. I thought the sudden spike of ethereum price last week is the start of ethereum bull run but its all a fake pump.

rodel caling

full member

Activity: 952

Merit: 104

Sounds not good to heard, I think altcoins price bleeding is effect of bitcoin price drops in the market cap, hoping is only an minimal correction before the price goes uprise again, and also I expect before end of the year bitcoin and altcoins become stable coins. Do not panic be calm.

sunsilk

hero member

Activity: 3038

Merit: 634

Don't forget that bitcoin also dropped that much however it has recovered few hundreds right now. I think they are now connected again, as bitcoin falls, alts fall and now I think when bitcoin goes up alts will do the same.

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 ?

Possible but not everything that goes down will continue to plunge, it has to rise afterwards.

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

or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

Likely what's on my mind.

Finestream

hero member

Activity: 3052

Merit: 606

This isn't so bad, I think it's just a dip that gives us an opportunity to buy.
One big dump for a day can really cause panic to people who are weak, but if they are here when BTC struggles at $3k, they would not easily get affected with this dump. ETH has recently recovered a bit pumping to $200 but this dump cause it to dump back again, but let's just observed, it's just one day, let's not make a conclusion yet.

Remember we have great news this month particularly the Bakkt launch and this would give a chance to increase the future adoption, so even if the market will dump, expect it will recover again.

dataispower

sr. member

Activity: 1330

Merit: 289

I was astonished to see the massive dip because there wasn't really a strong FUD to initiate it. It took most of us unawares. The best strategy to apply now is holding the coins on your portfolio and accumulating more at intervals as they dip further. It won't take long before the market will experience an uptrend in my opinion. I am presently holding BTC, ETH, XLM, BCH, BNB which dipped with great margin but this doesn't call for panic selling. The more people panic sell, the more the dip continues.

Kang TB

sr. member

Activity: 1050

Merit: 250

Revolutionizing Reward Points

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 ?

Topic: Altcoins prices are bleeding heavily - page 13. (Read 4209 times)