Topic: Has the price of Altcoin stopped in one place? - page 2. (Read 848 times)
Guess what? Its the altcoins season now. Chart doesn't lie, all altcoins saw the surge of 10-15% increase or more while Bitcoin only at 8%.
It seems that the price of Altcoin has stopped in one place and is getting lower. If the price of Altcoin stays at that fixed point, then it is very difficult for the price of Altcoin to fall. If the price of Altcoin now becomes too high, then people will start buying more and more, which will cause the price of Altcoin to go up. Is that right?
What particular altcoin are you referencing ? Because it is rare for all altcoins price to be stagnant, or be in a place.
But if such happens, it means that the token does not have any active buy orders, hence no trade activities.
You also need to understand that either an altcoin has a high price, or a low price, people always buy
It seems that the price of Altcoin has stopped in one place and is getting lower. If the price of Altcoin stays at that fixed point, then it is very difficult for the price of Altcoin to fall. If the price of Altcoin now becomes too high, then people will start buying more and more, which will cause the price of Altcoin to go up. Is that right?
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I totally can't help contradicting you OP. Right off the bat, you have to realize that the instability is across the board and existed in the vast majority of altcoins, the market is truly precarious in constantly. Truth be told, it relies upon the coins you are holding, aside from the ones on TOP 20 or 30 , the different altcoins are extremely trash and unrewarding, it is basic to pick the best of them like, Tezos, Monero, Tether.. ect. Notwithstanding that, the entire market is really connected to Bitcoin and Ethereum.
The price of Altcoins will be stop at a price the market is too volatile for such experience. The market unfolds in waves each wave comes with a new price action either up or down.
It seems that the price of Altcoin has stopped in one place and is getting lower. If the price of Altcoin stays at that fixed point, then it is very difficult for the price of Altcoin to fall. If the price of Altcoin now becomes too high, then people will start buying more and more, which will cause the price of Altcoin to go up. Is that right?
So in other words you basically want that FOMO takes over the market, am I right? Look we all want the market to go up so we can earn some money, that is completely natural but at the same time we do not have control over how the market moves, right now we are seeing a decrease in the value of most altcoins and that was to be expected, during all this year the market of altcoins advanced almost unopposed, we needed a correction and I will not be surprised if this correction continues for some more days.
The increase and decrease in the price of altcoin is influenced by how the price of bitcoin at the time. If bitcoin rises then altcoin will follow the increase. Otherwise, the altcoin price will drop.
I completely disagree with you OP. Firstly, you need to know that the volatility is widespread and existed in most of altcoins, the market is pretty unstable in all the time. In fact, it depends on the coins you are holding, except the ones on TOP 20 or 30 , the other altcoins are really garbage and unprofitable, it is essential to pick the best of them like, Tezos, Monero, Tether.. ect. In addition to that, the whole market is pretty linked to Bitcoin and Ethereum.
Earlier, almost all the altcoins used to be linked to Bitcoin. Whenever the prices of Bitcoin used to go up, the altcoin prices also increased. The prices followed a similar trend, when the Bitcoin prices went down. But now, many of the larger alts are showing independence as far as the exchange rates are concerned. And in the near future, we will see more and more altcoins removing their linkage with BTC.
I completely disagree with you OP. Firstly, you need to know that the volatility is widespread and existed in most of altcoins, the market is pretty unstable in all the time. In fact, it depends on the coins you are holding, except the ones on TOP 20 or 30 , the other altcoins are really garbage and unprofitable, it is essential to pick the best of them like, Tezos, Monero, Tether.. ect. In addition to that, the whole market is pretty linked to Bitcoin and Ethereum.
Earlier, almost all the altcoins used to be linked to Bitcoin. Whenever the prices of Bitcoin used to go up, the altcoin prices also increased. The prices followed a similar trend, when the Bitcoin prices went down. But now, many of the larger alts are showing independence as far as the exchange rates are concerned. And in the near future, we will see more and more altcoins removing their linkage with BTC.
I completely disagree with you OP. Firstly, you need to know that the volatility is widespread and existed in most of altcoins, the market is pretty unstable in all the time. In fact, it depends on the coins you are holding, except the ones on TOP 20 or 30 , the other altcoins are really garbage and unprofitable, it is essential to pick the best of them like, Tezos, Monero, Tether.. ect. In addition to that, the whole market is pretty linked to Bitcoin and Ethereum.
Alt-coin price does not stop at a particular point, but the price keep increased or decreased, base on the market prince order, which has been determine the number of demand and supplied in that particular coin trading. for example take a look of Ethereum (ETH), and the price changes every minutes of the day.
The traffic in the exchange site is very crowded and that's why there was so many pump and dump in the market. A coin that is not backed by anything will never be stopped in the price movement. The commodity is something that can prevent volatility because a coin can have real value.
ALT will go up if the btc goes up.
This is one of the most annoying belief IMO. When btc price increase I dont see alt price will suddenly increase too. What increases is the price tag cause btc market adjusting on the whole market. It doesnt mean that it is increase. Maybe some due increase for major coins sincr these coins are listed on so many exchanges affecting the flow of trading. But for others market just putting its price to normal to match btc.
Alt-coin price does not stop at a particular point, but the price keep increased or decreased, base on the market prince order, which has been determine the number of demand and supplied in that particular coin trading. for example take a look of Ethereum (ETH), and the price changes every minutes of the day.
It seems that the price of Altcoin has stopped in one place and is getting lower. If the price of Altcoin stays at that fixed point, then it is very difficult for the price of Altcoin to fall. If the price of Altcoin now becomes too high, then people will start buying more and more, which will cause the price of Altcoin to go up. Is that right?
It depends on the market order because there are cases that even if the volume of demand is continuous but the price order is keeping on a low price, still the price of that certain Altcoin will remain low. Maybe people are still finding some sort of reason to obtain Altcoins that is why the price is observed to stop at a single point. It will be just fine as long as it is still at a desirable price and will never getting lower anymore. There are still other contributing factors that are needed to consider for raising the price of a certain Altcoin. If we do really want to increase the price, then we also need to rise up the bid as well as the demand to keep it more attractive so that many people will be interested to buy and sell. But as of the moment people are still wondering if it is really worthy to get into Altcoins because they see more opportunity keeping in track with Bitcoin. Also price changes is common among cryptocurrencies because of their characteristic of being volatile when it comes to their prices.
Volatility is not like that, volatility is not daily, if anyone who has no idea about crypto read this topic they would imagine altcoins go up 100% every day and go down 80% everyday, it is not like that. Sometimes prices just stay the same and do not move all that much, which of course means stagnant period started and that is fine, but sometimes it moves up super fast for few days in a row, or maybe goes down until bottoming out for a while and those are the volatile days.
Any currency could be same price for weeks or even months without moving 10%+ in any direction, just stay the same level , but then one day you look at it and suddenly you have like 20%+ movements up or down, THAT'S the volatility people are talking about, and we can still have that at any moment.
Any currency could be same price for weeks or even months without moving 10%+ in any direction, just stay the same level , but then one day you look at it and suddenly you have like 20%+ movements up or down, THAT'S the volatility people are talking about, and we can still have that at any moment.
The value of altcoin is also not stable, and determined by the market forces. In most cases, the market responds to big news and this may be seen in the prices of some altcoin.
There's this assumption that the value of Bitcoin is inversely related to that of altcoin which makes the value of altcoin reduce when bitcoin is on the increase. I personally haven't verified this assumption and I'm sceptical about its rightness.
There's this assumption that the value of Bitcoin is inversely related to that of altcoin which makes the value of altcoin reduce when bitcoin is on the increase. I personally haven't verified this assumption and I'm sceptical about its rightness.
Those ALTS that stop are projects that are not making any developments or progress. There are some altcoins that are actually making a bounce from time to time even just a little pump with their prices. Example is XRP which happend to be in its recent slumped but was able to recover now, and I am expecting it to be a lot better according to one of the article I read.
It seems that the price of Altcoin has stopped in one place and is getting lower. If the price of Altcoin stays at that fixed point, then it is very difficult for the price of Altcoin to fall. If the price of Altcoin now becomes too high, then people will start buying more and more, which will cause the price of Altcoin to go up. Is that right?
Many cryptocurrencies are subject to price changes, like Bitcoin.Now there are many Altcoins that are growing regardless of Bitcoin.
I think you are wrong as there are many coins that price daily changes and some have got 10 to 30% price value like Ethereum, BTC, BNB,OKB, OGN, Lend. You must search the CMA type website which shows daily the topmost gainer and losers.
if you look at the graph of price changes for all altcoins than you will see that the volatility of altcoins is now not so high. Yes, I do not argue that there are coins that constantly change their price by 10-20-30 percent per day, but it is very difficult to understand which ones will start a positive movement
some alt have gone up, you can see on cmc but about other alt may not have the trust of investors or people doubt the project.
because prices are stable now there is a possibility the ALT will go up if the btc goes up.
so there are still many opportunities just waiting for correction from the market.
maybe vice versa if the alt price goes down people will buy more for when the price goes up.
because prices are stable now there is a possibility the ALT will go up if the btc goes up.
so there are still many opportunities just waiting for correction from the market.
maybe vice versa if the alt price goes down people will buy more for when the price goes up.
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