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Topic: Can't figure out why the price of altcoins are dropping so fiercely (Read 996 times)

full member
Activity: 193
Merit: 100
because when they pump they will pump like a crazy. i remember the last bull. every day some coins do 3x-5x in one day. that was beautiful days. because of those days we now see this huge dumps day to day.
full member
Activity: 392
Merit: 105
Price of so many altcoins is dropping so severely ... When will the market reborn?

In fact, all this great speculative wave suffered during the last few weeks in this market has served to show that many people tried to join this market with the sole purpose of obtaining great profits, without worrying too much about offering cryptocurrencies really useful or technologically advanced.

Therefore, it is expected that many of these cryptocurrencies gradually fall to the point of disappearance, as new investors will be increasingly demanding and selective when choosing serious projects to invest in them, for what I thnik very few of the current cryptos will be able to survive the test of time.
member
Activity: 378
Merit: 13
It is dumping fiercely because people are selling ridiculously
What other proof do you need ?

There are several manipulators of the current market and you need a perfect strategy to keep yourself at an advantage at every scenario
Never wait upon any lapses

Buy the rumours
Sell the news
member
Activity: 392
Merit: 13
Price of so many altcoins is dropping so severely ... When will the market reborn?

If you are expecting the market to get better soon then you are just setting yourself up for disappointment, The fact is that we have already had a bull market this year and there is no way that we are going into another bull again. We are about to fully go into another bear market. it will take a while before we start seeing better prices of the coins.
newbie
Activity: 112
Merit: 0
I think that this situation will last a couple of months. and then the market will recover, but at a slow pace.
member
Activity: 229
Merit: 10
The Exchange for EOS Community
I think that this summer or at least in autumn the market will recover, there will be a turn and everyone will be happy, we just have to be more patient and wait.
full member
Activity: 602
Merit: 100
The best rule for making profits in this world is not to panic, relax and hold..market will rise again soon in next months . Personally in these days I don't even look at prices...
member
Activity: 294
Merit: 10
Crypto has a long way to go and may not make it, atleast as it looks like now. There could be a handful of winners, one main crypto used for daily transactions and some industry/market specific altcoins that use blockchain technology for other purposes.
copper member
Activity: 658
Merit: 0
So a fellow bagholder telling you that their coin will 10x, 100x in few months and that you should buy and hodl isn't manipulation, but Warren Buffets pointing out that cryptos are risky because their value comes from speculation about future transactions unlike value appreciating assets is FUD and manipulations?
full member
Activity: 563
Merit: 101
It's always interesting to see how people react to prices dropping. Then it becomes manipulation, whales, dumpers, FUD, etc. Where is all this skepticism whenever prices rise? If it suddenly turns green now it's all about the potential power of blockchain and how great the tech is.
copper member
Activity: 378
Merit: 1
Things wont grow at the rate they did, not even close - those days of lucky millionaires have long, long passed. If you invested a dollar a year ago in ETH, for example, you would have 50 dollars now - it sounds impossible...
full member
Activity: 267
Merit: 100
The prices of all of the coins are dropping so fast because the price of bitcoin is falling so fast. The thing is that the prices of all of the coins in the market depends on the prices of bitcoin. Once the volume of bitcoin being used increased, then the price of bitcoin increase which in turn increases the prices of all of the other coins in the market. So bitcoin is the reason they are all falling
copper member
Activity: 364
Merit: 2
There is definitely a leap of faith you have to take and you have had to do that ever since 2009. In fact it was more substantial in the early years when the risk of collapse was very real.
newbie
Activity: 200
Merit: 0
The question is when I'll the prices regain their strength?
newbie
Activity: 24
Merit: 0
Price of so many altcoins is dropping so severely ... When will the market reborn?



Right now cryptocurrency market is recovering, BTC is at 8000$ which more likely sign that it will be back to normal. You have to be patient dude specially if you are a holder Cheesy
hero member
Activity: 966
Merit: 500
Price of so many altcoins is dropping so severely ... When will the market reborn?
Waiting for bitcoin to recover and up, why altcoin down drastically it has been in the prediction of many people because demand decreases and why it can decrease, it is caused due to many issues that adversely affect the crypto and eliminate the trust of users let alone the new users who easily believe in FUD and panic.

I suppose the market was going to start correction, and it really did it. meanwhile, this correction seemed to many people a fatal fall and they start to panic and sell their coins. That is why the cryptocurrency lost a lot.
Anyway hope rising that is going now is at last will be long enough!
member
Activity: 210
Merit: 10
Bitcoin's movements is the main reason why these shitcoins are continously dropping its value as the bitcoin's value has failing continously it is normally response from the altcoins as these shitcoins are mostly trading paired to bitcoin.That is how these shitcoins are connected to bitcoin's value as bitcoin has the dominant cryptocurrency today it dictates the altcoins movements.
sr. member
Activity: 1274
Merit: 263
It will recover if the altcoin you are buying have a solid project. If you are still buying shitcoins don't expect that your portfolio will increase. Learn from the past and use your experience to gain more profit.
How did you figure out that he is holding shit coins, the market is weak at the moment but if you check the market today, we saw a sharp increase in the price in a short period, what i am doing is to hold my coins and add more coins when the price is down and wait for a recover and will keep on repeating the process.

Even a shitcoins will get something called 'PUMP'.
why ? because it was their purpose,it was created in order to get Bitcoin from people by selling it.
so that means everything will be pumped as long as we are in uptrend.
but right now i do not think so.
just look at Bitcoin price right now,do you think it's a healthy rebound ? or what ?
in just a hour the price went up sharply from $7000 to $8000.
it makes a sense if they push it from that point to this point for a half day more or less,but they did not.
which means someone showed us what he/she/they can do with Bitcoin by performing this act.
i am afraid something terrible will happen
member
Activity: 148
Merit: 10
Cause people watch BTC price too much, still too correlated with BTC, but good new we are beyond accumulation and real pumps should begin very soon!!
hero member
Activity: 1426
Merit: 506
It will recover if the altcoin you are buying have a solid project. If you are still buying shitcoins don't expect that your portfolio will increase. Learn from the past and use your experience to gain more profit.
How did you figure out that he is holding shit coins, the market is weak at the moment but if you check the market today, we saw a sharp increase in the price in a short period, what i am doing is to hold my coins and add more coins when the price is down and wait for a recover and will keep on repeating the process.
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