BTC, ETH, LTC dropping November 2017 - page 2.

katiecbell

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Quote from: iimstevo on November 11, 2017, 08:37:33 AM

Why are these three cryptocurrencies simultaneously dropping in similar patterns?
I've been watching them for a few days now on my phone, and even the graphical charts are showing massive similarities in the rise and fall of the cost, but the overall cost per coin is dropping and there's no indication online as to why this is happening...

Does anyone have any news articles that describe why these three currencies are all falling in price at the same rates? It can't just be a case of "investors are selling their coins", because the patterns are almost identical at some points across three currencies - the odds of that happening at the exact same time, for the exact quantity of coins to be sold to equal the exact same drop are probably somewhere in the 1:1000000 range.

Everything I've read so far indicates Litecoin will rise in 2018 hitting $300-400 mark, but at the moment it's on a downward change with no real explanation as to why..?

The most important reason for drop and rise in the value of different altcoins in bitcoin as bitcoin is the most values and famous currency it has become the center of trade for all coins. All the altcoin holders convert their coins to bitcoin as the conversion of bitcoin to cash is more easy and relevant than some other altcoin.

Bitcoin is also a trusted currency people every day earn in the form of altcoin and convert it to BTC as a holding currency as BTC price is increasing day by day and they get profit from it too.

CryptoBry

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Aside from that sudden fall last week as the aftermath of the SegWit2x cancellation and the rush towards BitcoinCash, I think what we are seeing these days are just normal movements for Bitcoin. Yes, there can be some corrections after hitting the $7,800 though nothing is really alarming. People who are into trading are the ones usually watching these movements which can mean big profits if played well.

OuterTech

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about week ago, everyone thought that the segwit2x would happen as normal in 14 or 15 november so everyone tried to hold and buy BTC as much as they can that why BTC price increased a lot before the segwit2x but after that an announcement was published that the Segwit2x cancelled so everyone stopped holding their BTC and sold it out for cash or used to trade that why BTC price dump very quickly. Beside the whales also a reason for this case, they tried to dump price of Bitcoin to be able to buy it at lower price. For ETH and LTC, price of these altcoins often follow the price of Bitcoin so when BTC price dump, price of this coins also dump as well.

sangwookie

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Yeah, it's facing resistance at 7800. It could fall. My alarms are set for it so I can be ready to buy. However, on Gdax, buying volumes are high but mainly small trades like .01 to .32. Luckily, you can skip the fees on this platform. The Korean BTC price is the same as the USA dollar price due to weakness of the dollar. I am hoping for one more jump and then a fall.

krigger

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Quote from: dificanovi on November 18, 2017, 07:41:52 PM

at the present moment bitcoin prices there is no decrease. bitcoin prices are now normal, there is no drastic decline. I hope bitcoin will rise this month.

Do you really think this post helps solve the OPs question? Obviously at the very second you post there is not going to be a significant drop or rise in the price. It takes place over at least an hour. But guess what? I think OP is right about a crash coming soon. $7,000-8,000 is just way too high to maintain over the long run. I don't see it going much higher before we see a major correction.

Question123

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This three coin is potential coin so if you have extra money in your wallet right now buy this three coin and for sure you will earn a lot of profit. Last few days the price of this coin decrease but the price recover again and yhe price continue to increase and thats good to see. I hope more investor to come with this three coin so the price will increase more.

hisuka

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Quote from: deadthings on November 18, 2017, 07:10:24 PM

Everything happend cause of canceled fork and not every coin could just reach their price as fast as the strongest one which is of course bitcoin.

Well, btc will rise and continue be stronger and eth will probably recover. Because of this cancelled fork people switch to other coins to earn profit atleast. Still, those who believe in bitcoin will get earnings.

dificanovi

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at the present moment bitcoin prices there is no decrease. bitcoin prices are now normal, there is no drastic decline. I hope bitcoin will rise this month.

chichigirl

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Quote from: fiulpro on November 11, 2017, 09:35:16 AM

Well what I think is that , people were looking to invest in segwit2x thus they were selling off everything they had to invest in bitcoins.
Thus etherum and litecoin showed a massive decline in their prices.
Now people were investing in segwit2x so they choosed to hold their bitcoins here but now .. simce segwit2x ia called off.. suddenly the bitcoin bubble brusted.
Now those investors are selling off their bitcoins as well because no hard fork means no free money and no need to hold bitcoins, since they were looking for some quick money now they are investing in other cryptocurrencies.

Indeed, i believe that the investor hardly hold their bitcoin because they are all expecting a higher profit or simply quick money but since it was cancelled they are now invest in other coins for some extra profit.

deadthings

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Everything happend cause of canceled fork and not every coin could just reach their price as fast as the strongest one which is of course bitcoin.

Yamifoud

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Quote from: Milo_Kidd on November 11, 2017, 06:38:00 PM

I see that its dropping. But for me maybe its on the market why is it in that way. Its exchange rate and its value characteristics made it change time to time.

Such a huge dump of all altcoins when hardfork is cancelled. And only btc can manage to recover faster. Though BCH rise gives a huge impact to the entire crypto prices but it won't be enough to crash them all. I think that, of happen to BCH is just a weaking up to all altcoins and to know which one will survive from the crisis. It help us also to determine which one is having a potentiality to run and compete in the market place.

streazight

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Quote from: margarete11 on November 11, 2017, 07:20:26 PM

Quote from: mifanmuzny on November 11, 2017, 10:11:12 AM

with segwit cancelled we might see a bit of a drop in BTC

yup definitely we could expect that so if you still have time to buy , buy more of this coins we could expect that the price will go up again within a next few days ! After all this price correction it will start to go up soon !

Honestly, rather than complaining about these guys dropping which is not a new thing as we have seen some situations like this in the past, which mostly are always based on whales doing what they know how to do best, now is just the time to join them and wait for that huge profit.

I am happy I followed the trend to at least be able to buy in with fiat at about $5700 and I am really already in huge profit right now from that. In one word, stop complaining, understand the market and make the best use of the opportunities.

fasdorcas

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Quote from: dali_masmoudi on November 11, 2017, 02:26:19 PM

It is true that Bitcoin will drop but I Don't think it will be on this month. We are on the middle of November and it is not volatile as always so do you think that it is a sign of a big drop ?
Personally I see that it will drops in the middle of 2018.

This little decrease in the values in not a big deal, still we have to go through hard fork in the coming weeks and after that I am sure we are going to observe sharp increase in the values of bitcoin and if bitcoin will show an increase, altcoins are definitely going to follow the footsteps.

Bitcoin will be at 7000 dollars before the commencement of 2018. As usual there will observed some decrease in values by the mid of year.

Mometaskers

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Bitcoin itself is not a "bubble" but you can use that to describe the sudden increase in price. It is bound to fall whatever happens anyway. Had Segwit2x succeeded, they would have cashed out their free alt, and then took out their bitcoins and move em elsewhere. Now that it failed, that's what exactly what they are doing. But hey, it became slightly more affordable again, can't complain about that. Grin

Kevin77

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Quote from: bitcoinisbest on November 11, 2017, 11:28:30 AM

BTC has dropped extensively almost 1400$ in a span of 3 days approx which is now started to cause some fears that will btc break 5k levels in coming time. Should people sell some of the btc now and if it dips more buy back or should continue holding the btc and will rise back in a months time?

I wonder why people would be scared with respect to things like this. Come on! We all know that bitcoin is very volatile and most traders can easily just make some decisions based on that.

All the above, I see some whales doing some pretty good justice to the market and I would not really bet on it for lasting long when they start taking profit. Nevertheless, bitcoin increases more than $2500 in few weeks and now reducing, then people are scared ?

Basmic

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Quote from: Granxis on November 13, 2017, 08:01:40 AM

I can not predict about Litecoin, it is Litecoin, the only coin I misunderstood, but Ethereum may be a big jump towards the end of this month, BTC's cash flow is a very complicated matter. Btc is waiting for tough moments as the Bitcoin gold is now miningable .

It seems to me that the appearance on the market of bch this is a nightmare for Ethereum. Bitcoin will return to its price. But for the organization of speculative bursts whales can choose bch. In this case, capital can move in the direction of bch and of course btc. This can significantly weaken the eth and maybe even kill him.

h0lybyte

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Since there was an unnecessary rumour among people about bitcoin cash that this currency will gain alot of value, people started selling litecoin, ethereum and even bitcoin considering they will be profitted by bitcoin cash.
Therefore these altcoins got slightly affected but soon after, the affected coins came on real track.
Bitcoin is again leading the market, i am in hope to see bitcoin at $8000 position

Granxis

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I can not predict about Litecoin, it is Litecoin, the only coin I misunderstood, but Ethereum may be a big jump towards the end of this month, BTC's cash flow is a very complicated matter. Btc is waiting for tough moments as the Bitcoin gold is now miningable .

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Quote from: iimstevo on November 11, 2017, 08:37:33 AM

Why are these three cryptocurrencies simultaneously dropping in similar patterns?
I've been watching them for a few days now on my phone, and even the graphical charts are showing massive similarities in the rise and fall of the cost, but the overall cost per coin is dropping and there's no indication online as to why this is happening...

Does anyone have any news articles that describe why these three currencies are all falling in price at the same rates? It can't just be a case of "investors are selling their coins", because the patterns are almost identical at some points across three currencies - the odds of that happening at the exact same time, for the exact quantity of coins to be sold to equal the exact same drop are probably somewhere in the 1:1000000 range.

Everything I've read so far indicates Litecoin will rise in 2018 hitting $300-400 mark, but at the moment it's on a downward change with no real explanation as to why..?

This is just sad. Cryotomarket is down due to what happened recently that the hardfork is cancelled. Maybe it affected the demand that Bitcoin and ither cryptos are having because BCH is going in mainstream. But as what happened before, it will eventually increase and this is just for short period of time. What we should.do is to hold and invest to take advantage of the dump.

iimstevo

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Quote from: Jaycee99 on November 13, 2017, 06:16:06 AM

Aside from my post made these past few days about that decreasing rates of bitcoin. I clearly see some token like ETH decreasing as well this past days as well but today when reading your topic questions pop into my

Why is it clearly weird right this tokens that OP is talking this three token BTC, LTC AND ETH are dropping and increasing? but not in the same value okay.

All I see the reason here is the bitcoin cash, do you think Bitcoin cash is clearly the reason?

If I'm understanding you correctly, yes, it would appear that BCH is directly responsible.
What I can't understand is how the graphical lines are so alike. It's like 100,000 people decided to get together and say "right, lets sell 20% bitcoin, 20% Litecoin and 20% Ethereum at the exact same time... ready? go!"

I've abstained from making any transactions this weekend due to the fluctuations and that no one really knows why any of these are fluctuating the way they are.

Topic: BTC, ETH, LTC dropping November 2017 - page 2. (Read 1424 times)