Topic: BTC, ETH, LTC dropping November 2017 (Read 1424 times)

Pretty good prediction.

Why do you think these coins are dropping in this November? You do realise it is now the end of November and all these coins value are increasing every single day? Obviously, if you were right this would not be the case. The truth is we are in a bubble, but I think it will not crash in November, but instead n a long time, like maybe a month or two more.

Yes you are right that thing is not sure that someone will says that the price will drop in November and due to this people feels scared and hesitate in investment but we need to avoid people’s mind facts because people didn’t do anything without talking and discussion.

You are right, this is normal that the price of bitcoin ETH and also LTC because it is dependent to the people who invested in that digital currency. And the fact about November people says that the price of BTC ETH and LTC will drop but I think this thing is not sure then how people sure about that, we don’t need to be worried about the dropping.

people now are happy in having that 3 coins and you can see on the market that they are all booming now .. bitcoiin did the dip but pumo in just few days and now  have a good price together those 3 alts .. ..

I may wrong but the most I’ve heard of is the bitcoin cash support after a unexpected reversal of the November 16th fork.. Maybe also a coincidence as we know it is not always those three have same patterns all the time.. Maybe most push through to a more noisy campaign towards bitcoin cash as rumours and confirmation from the head of the development team of Segwit2x/Bitcoin2x announcements.. This is rare on my on view and this have nothing to do with the connection of this three..

Everything has created a new record in the world of digital currency. We have already seen that there has been a significant increase for Bitcoin, Etherum and litecoin. This is clear evidence that there has been a significant rise in the development of digital currencies. I now have some coins that I save and I feel that I will benefit in some future time. I am sure that investing in these three coins will make us gain a lot of profit, believe me this will make us all happy.

As we debate about this, the exchange rates of all these currencies are at historic peaks. Bitcoin crossed the $8,500 per coin mark for the first time ever a few hours back. ETH is also back in the race and it is rising even faster than Bitcoin, with the current price at $470 per coin. Litecoin may have gone down against Bitcoin, but right now it is trading at $82 per coin, which is its highest ever exchange rate.

Natural or not some are even follow bitcoin price change and they follow in price.
This may be good for someone who invested in some alt that is following bitcoin in price but everything else is the same.

Dont think this is dropping more is correction.

You seem to be the only person that gets that I'm not making predictions, but I am trying to understand the correlation.
Granted I accept that over the year, the coin charts look very different, but I was monitoring the graphs on a daily basis (over the current day) and the peaks and falls were at the exact same time stamps. This is what was confusing me.

If I were to make predictions, I could see Litecoin hit £100 per coin (I'm from the UK) by around March next year on its current trend. Ethereum I would expect to continue to rise due to the vast amount of tokens becoming available which has a lot of people buying ETH in advance, which in turn should continue to grow the coins value at a steady rate. BTC on the other hand, I have no idea. It's the biggest coin and has a sort of monopoly over the market, so the more people get into cryptocurrency the more the coin would in theory grow in value.

Well it is natural for an alt coins price to go up and down from time to time. I remembered during the time that  OP posted this thread BCH reached the price of $2000 which only means that someone pumps the price of it and these three coins was used for that.

Negative. Well these coins are now going upwards and all the assumption you made up there are now going in wrong direction or we can say that exactly opposite things are happing as whatever you are predicting here.


These coins has got great potential due to their stand point in the crypto currencies. The lite coin well I’m not sure about this coin but the rest two are as always green and will catch up the fire even further. Just look at how beautifully both of them are growing and trying to make the way though all the chaos that alt coins have created in the first place. Hopefully thats our dafe house and it will never go down surely. :-)

Eventually big name coins should stabilize in price, this would make them usable for mainstream operations, however nobody knows when this happens.

They need to drop sometimes because they can't fully go up always. We have seen now that all the coins here are going up so really we need to be patience.

We must never panic sell in order to get rich.

Well, the names you mentioned are the eminent coins in the crypto industry and hence we might see the same pattern in similar, positive or adverse movement in between these coins. Since these coins have huge market capital and tremendous trade volume, investors usually do not cash out their investment but they just spin it into the better alternative for the short or the long term. If someone is holding BTC and if he uncomfortable with the scheduled fork then instead of cashing out his BTC in USD or any other fiat currency, he purchases ETH or LTC if he finds stability during the BTC fork. If all the major coins are falling then, I do see some growth in the trade volume and price of top 10 to 20 alt-coins.

I though they were supposed to drop too but instead of dropping they became worth more and more i did not believe that because i was ready to buy a lot of btc the only time it went down was when it got attacked and bcc went up because of that.

Yes, both of them are really doing good as of the moment. Ethereum is above $400 now. Wow. Its been a quite ride for Ethereum in reaching this price today. Wonder who are pumping it. Almost all of the top 5 coins are green as well, so it means no one is shifting to Ethereum. I'm assuming that investors are shifting some of their cash to Ethereum or there is a new set of investors pumping it. Either case, its all good. As for Bitcoin, I don't think that it will go down significantly this month. It has recovered already and I'm not reading any negative news that will impact the current prices. Actually all I read is all positive. So consider another win-win month for bitcoin and even though there's such attempt earlier to pull the price back, it has recovered beautifully.

Your observations needs correction at least magnitude wise. To begin with bitcoin, ethereum, LTC drop simultaneously. It does not happen that way. Check the graph of bitcoin over last couple of years. You will notice that the growth and swings shown by the bitcoin are very different. bitcoin has grown from 1200 dollars to 8000 dollars so far. In mean time bitcoin price plunged to 3300 dollars from 4900 dollars. It recovered and reached to what it is today.
Now check other crypto like ETH and LTC are at. ETH is around 400 dollars and LTC is at 72 dollars. Ethereum has already touched the 350-400 dollars club then it touched 201 dollars when bitcoin was at 3300 dollars. LTC also faced same pattern. Difference is in magnitude. Bitcoin is a numero uno crypto currency which holds more than 70% or crypto currency capital. Everyone trust in bitcoin. Thus when bitcoin is on roll (rising prices) other crypto will find some dip in price. After price of bitcoin become stable or correction starts price of other crypto starts increasing. Investors in the alt-crypto do this all time. When bitcoin price falls all other crypto also tend to lose their value as well. because of fear.

There are no such articles to show why it is so. If you follow the bitcoin and other crypto from their genesis then you will understand this behavior. LTC may hit 300$ mark. People were also claiming that bitcoin-cash is failure but look it is at 1200 dollars. And ethereum is on rise again.

We are on our 3rd week but bitcoin and eth are doing fine. Their price are still high. I guess it will not drop this month. Maybe it will drop when another hardfork will come.

Well, the dropping of cryptos is basically every november fork thats the effect of segwit. This trends be the basis were the crypto-currency falls down the price value. So many opportunities might happend if you do buying ang selling at this stage of fork.