many investors fall poor because bitcoin prices are down - page 5.

Johnzky

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Quote from: PedroSuketteki on December 21, 2018, 12:54:52 PM

Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins Huh

Though losing is part of investing,but its really sadly hearing or knowing many investors are turns poorer since the prices are continuous to fall,but if those people have faith in their coins and stays holding i am sure they wont lose at all because the market will recover and may bring fortune to many of us

LeetPoolsOP

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Quote from: illnino on January 02, 2019, 08:57:30 AM

Of course bitcoin price reduction negatively affects the price of altcoins. Now all investors are experiencing difficulties due to the fall of the market but in the future the most patient will make a profit. Trust in this!

Well, in the period of 3 months, many altcoins showed good growth from their minimum prices. some investors have earned good money on this

judeafante

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I don't know the right figure, but it could go to as high as 90% many newbies bought at it's all-time high and there are also people who failed to cash out hoping that Bitcoin will eventually get back and after waiting to long they soon realized that it will take long to make the price comes back.

Dobolen

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Quote from: ilcapitano on January 03, 2019, 09:40:08 AM

Quote from: PedroSuketteki on December 21, 2018, 12:54:52 PM

Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins Huh

Bitcoin's influence with whole market is completely right at this time. This rule may be changed in the future when BTC Dominance goes down and price gap between Bitcoin and Altcoins is pulled closer

I concur and agree with your point out. that the condition of the bitcoin down free it makes the holder's dilemma and agitated because they felt the doubt that not a few.

ilcapitano

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Quote from: PedroSuketteki on December 21, 2018, 12:54:52 PM

Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins Huh

Bitcoin's influence with whole market is completely right at this time. This rule may be changed in the future when BTC Dominance goes down and price gap between Bitcoin and Altcoins is pulled closer

illnino

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Of course bitcoin price reduction negatively affects the price of altcoins. Now all investors are experiencing difficulties due to the fall of the market but in the future the most patient will make a profit. Trust in this!

tranquangvinh

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Quote from: PedroSuketteki on December 21, 2018, 12:54:52 PM

Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins Huh

bitcoin affects almost all altcoins in the market, which seems to be a rule of this market. With the current situation, a lot of people are stucked in the cryptocurrency market, they cannot sell bitcoins and they cannot buy it because they do not have enough money to buy it,now they have only one chance to wait and waiting for the bull market to appear , including me .

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kumar jabodah

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This was most apparent in the early days of Bitcoin, when mainstream press started to report on the new currency and caused a number of short price spikes and collapses. As media coverage increases and other factors are brought in, it is harder to distil the effect of the media alone.

futureofeth

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Due to price fluctuation in the market makes not the only Bitcoin and it affects the other altcoins which have huge potential in the market. We can't do anything because the market situation cannot be accurate every time sometime we have to face the fluctuation which will help to hold the coins for the long term.

dodgecharger

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Quote from: PedroSuketteki on December 21, 2018, 12:54:52 PM

Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins Huh

BTC is the ancestor of all the cottage currency, it affects almost all the price of the token.

St4yInTh3D4rk

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"STAY IN THE DARK"

Quote from: evanescence on January 01, 2019, 01:16:15 PM

Bitcoin still has a higher price than it had throughout 90%+ of its existence, plus it never had an ICO, I don't understand OP at all...

He looks like to mention that lot of ICO prices were fell because of bitcoin prices went down in 2018 so lot of investors who invested on ICOs and other coins are going poor now.

If someone invested on the ICO without know the risk behind it we can't blame anyone for their loss.

hanxinvwang

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Yes, the price of almost all altcoins depends on bitcoin. This is not a healthy market. The crypto decentralized features should give them more independence, but the situation is the opposite, altcoins have nothing. Any independence, when Bitcoin goes up, they follow, and when Bitcoin falls, they still follow!

evanescence

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Bitcoin still has a higher price than it had throughout 90%+ of its existence, plus it never had an ICO, I don't understand OP at all...

chocopapaya

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Yes, BTC does affect the price of everything else, and to a smaller extent, eth does too.

The reason is because btc is the only coin that can be easily converted to fiat/cash.
Almost all of the alts require that you either buy btc or eth first, then purchase the alt using the btc/eth.
There are some places where you can directly buy xrp and ltc with fiat, but they don't have much trading pairs with other alts.

So the worth of your alt is dependent on btc because when you wanted to sell your alt, you first convert it to btc then sell the btc.
That's why prices on coinmarketcap can be misleading.
To see the true value of your alts, you need to pay attention to how much btc it is worth.
Then, you have to see how much the btc is selling for in fiat.

milani

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Quote from: PedroSuketteki on December 21, 2018, 12:54:52 PM

Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins Huh

Of course the price of Bitcoin influence on the whole market prices very much, and lots of people and I am as well lost even more than 80% of assets after the decrease of market, but it is not the onliest reason of losses - some people lost because of scam projects, some because did not act in the right way when the market started decreasing, some projects made their tokens frozen and so on. But of course the key moment of all our losses it is the low price of Bitcoin.

Bittalk12

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Most of the time, yes. Bitcoin affects the price of an altcoin because it has thousands of trading pairs in the market and circulates in trading everyday. Not just an altcoin trading but also a fiat trading pair in Bitmex plus alternative coin with stable value like USDT and other stable coins. I could say that most traders based their trading decisions when to sell or buy an altcoin with bitcoin price movement.

bitcon

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Now, we are all in one boat - most of the guys that invested in the cryptocurrencies in 2018, lost a lot. Nevertheless, I think that the time to give up has not come yet - hold your crypto better.

tytanhamon04

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A nexgen decentralized ride hailing

Bitcoin as the founder of the market naturally affects the altcoins market, but if the project has good marketing and the project promotes its product well, then the ICO price will be.

Ximoandali

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Quote from: nikola22 on December 27, 2018, 12:10:18 PM

investors should not use all their money for buying crypto so they won't fall poor and lose only part of their money that is not cricitical for them.

I agree this is not a reasonable investment, you need to properly use the funds to n lose their funds , I think 10-15% of the Deposit is the most reasonable

speeder

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PredX - AI-Powered Prediction Market

Of course the price of BTC affects other Altcoins , for example in this period all of us noticed that Bitcoin's price decreased but also that some Altcoins followed it and they also decreased..Regarding the investors i think that everyone must have a fund of urgency or money set aside for critical situations. They'll save us for a while while the Bitcoin is down.

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