Topic: Reason behind the fall of altcoins??? (Read 492 times)
That's the nature of the market, especially in crypto which is very high volatility. one of the reasons for altcoin to fall is that there are no significant updates and newer innovations tend to be in demand, it is appropriate if investors dump the altcoin. also most people have the investment route, Bitcoin => altcoin => Bitcoin => altcoin => Bitcoin = Fiat .. it can be concluded that people investing in altcoin is only for bitcoin or fiat, so it is very vulnerable if the project does not have a significant update, IMO investors will dump all coins. to recover alt market conditions is also very difficult, one of the reasons is that investors are more focused on bitcoin movements.
You can profit even in a bear market by buying exchange tokens like BNB and ecxx.
A lot of altcoins have fallen and it's been tough years for alts, Ethereum and other alts have hit harder these coins perform only if Bitcoin rises. So what's actually happening???
Why is it that altcoins are suffering more significantly, Is there any hope for a massive pump this year? Guys kindly share your thoughts.
Bitcoin drops that much last year and maybe, bear market is really strong. You have nothing to worry right now because its pumping, and ETH made a good bounce back after the dip price. This year will be more easy for us, and no more big dumps. Have the best positive attitude with you mate, trust the good altcoins again. Why is it that altcoins are suffering more significantly, Is there any hope for a massive pump this year? Guys kindly share your thoughts.
It wasn't tough this January.
The year has just started and a lot of things could happen from the next quarters. You could and couldn't expect a massive pump this year if mostly you are holding a lot of coins that are totally not on the top list.
But isn't it great that we're seeing a green percentage every time we look at CMC.
Agree, it is not tough for altcoins, imo. January did happened a lot, and market has been quite stagnant for a few weeks at a certain price then later on will pump. Other alts are gradually increasing like BCH, LTC, DASH, and so on. May be you are looking deep down below among the top list. Well, some of it are having a tough time increasing but, once again, if you would look on wider scale most of alts had a great run by January alone. The year has just started and a lot of things could happen from the next quarters. You could and couldn't expect a massive pump this year if mostly you are holding a lot of coins that are totally not on the top list.
But isn't it great that we're seeing a green percentage every time we look at CMC.
I can say that many altcoins too are really struggling but they are not that important as the top coins that we used to invest. So, they don't really need attention if the market is rising because those alts are the only thing they see now because it's part of their portfolio.
A lot of altcoins have fallen and it's been tough years for alts, Ethereum and other alts have hit harder these coins perform only if Bitcoin rises. So what's actually happening???
Why is it that altcoins are suffering more significantly, Is there any hope for a massive pump this year? Guys kindly share your thoughts.
This actually is the first month of the year and how could you expect something big to happen in this month itself? We have seen some growth in bitcoins as well as altcoins from the start of January and now we have already entered February with the same price growth. This might indicate us that we already have entered a bullish trend which might end up in the bull runs.Why is it that altcoins are suffering more significantly, Is there any hope for a massive pump this year? Guys kindly share your thoughts.
Major altcoins would gain huge price as their demand would considerably increase with the times we get into the bull runs. 2019 was rather a tough year for bitcoins and altcoins because we did not see any growth in the last year as well as most of the markets were red before they could turn green again. This year would again make us believe the power of cryptocurrencies.
A lot of altcoins have fallen and it's been tough years for alts, Ethereum and other alts have hit harder these coins perform only if Bitcoin rises. So what's actually happening???
From what I've seen so far. Bitcoin makes a bull run at the end of 2017, other altcoins follow as well, Bitcoin falter and may have shift their funds to altcoin from Jan-Apr of 2018, some altcoins reach it's all time high that time. Investors cashing out, Projects cashing out as well, resulting to the slow and painful altcoin downtrend. And up to this way, most of the top altcoins are way behind it's all time highs.
Why is it that altcoins are suffering more significantly, Is there any hope for a massive pump this year? Guys kindly share your thoughts.
If Bitcoin started its bull run after the halving, then it might have a domino effect on the altcoin market based on the previous pattern. However, "past performance is not indicative of future results", so we can't really say if we're going to see massive pump for the altcoin market this year.
I think here is multiple reason behind fallen of ALT coins. In the earlier 2018 when market was at its highest volume ever and then big whales start to profit taking and start dumping Supply what they hold. After this reason again whales start to play with bitcoin and make bitcoin unpredictable by shaking it value at weekly basis. Later on their is a lot fud and news like China adoption etc.
These all factors effect badly on Crypto market and especially on ALT coins. But we don't to need to hopeless this all will be settled in our favor.
These all factors effect badly on Crypto market and especially on ALT coins. But we don't to need to hopeless this all will be settled in our favor.
A lot of altcoins have fallen and it's been tough years for alts, Ethereum and other alts have hit harder these coins perform only if Bitcoin rises. So what's actually happening???
Why is it that altcoins are suffering more significantly, Is there any hope for a massive pump this year? Guys kindly share your thoughts.
Why is it that altcoins are suffering more significantly, Is there any hope for a massive pump this year? Guys kindly share your thoughts.
Many says that whales manipulate and control price of bitcoin and altcoins. They create hype that causes the pump and dump of crypto prices. That is why I am right now into day trading and take advantage of the rise and fall of altcoin price. I was also a victim of the last bubble and somehow have managed to lessen my loses since that time.
Daily trading has the risk of being trapped in coins with very expensive prices, preferably long-term trading so that you can minimize risk and always be profitable.
A lot of altcoins have fallen and it's been tough years for alts, Ethereum and other alts have hit harder these coins perform only if Bitcoin rises. So what's actually happening???
Why is it that altcoins are suffering more significantly, Is there any hope for a massive pump this year? Guys kindly share your thoughts.
Why is it that altcoins are suffering more significantly, Is there any hope for a massive pump this year? Guys kindly share your thoughts.
Many says that whales manipulate and control price of bitcoin and altcoins. They create hype that causes the pump and dump of crypto prices. That is why I am right now into day trading and take advantage of the rise and fall of altcoin price. I was also a victim of the last bubble and somehow have managed to lessen my loses since that time.
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Why is it that altcoins are suffering more significantly, Is there any hope for a massive pump this year? Guys kindly share your thoughts.
I don't know the specific reason but this is the thing that comes to my mind when I see many altcoins fail.Most if not all of the altcoin are based on Bitcoin so whatever the movement of Bitcoin is, the altcoins will follow. This is the most common situation however because some of the altcoins are lacking of volume and traders in the exchange where an altcoin is listed, its price doesn't move at all. In short, lack of support from the investors and traders is one reason why some of the altcoins can't cope up with the price of Bitcoin and will fall in the succeeding months.
Some are expecting that most of the altcoins right now will fall down and will be a dead coin in the future because of lack of support of the investors and even the team itself.
one definite reason is because of the rise in Bitcoin in 2019 when the price of bitcoin rose to $ 13000 altcoin became a victim of bitcoin dominance, Bitcoin dominance has been very high since 2019 and earlier this year it looks like altcoin will start moving again
Reason ? There are reason"S" behind fall of altcoins and these are no new investments in cryptocurrencies and new projects launching on daily basis, traders style of trading (pumping and dumping) short term profit making strategies leading towards price volatile behavior of altcoins..
A lot of altcoins have fallen and it's been tough years for alts, Ethereum and other alts have hit harder these coins perform only if Bitcoin rises. So what's actually happening???
Why is it that altcoins are suffering more significantly, Is there any hope for a massive pump this year? Guys kindly share your thoughts.
I think the main reason why the value of altcoins is decreasing this past few days is the trust issues of the investors. They do not want to invest into it because they might be scammed. Do not worry, massive pump might happen this 2021. Halving is gonna happen in April or May, so it might take effect next year. Lets just wait and do not stop hoping since we all know that altcoins will be affected by the pump of bitcoin. Why is it that altcoins are suffering more significantly, Is there any hope for a massive pump this year? Guys kindly share your thoughts.
Its because bitcoin dominance is so high at the moment thats why many altcoins are following the bitcoin movement but there are still altcoins that rises and not depend sometimes on bitcoin. And this year I think bitcoin dominance will fall down on 50 % and we will see some major altcoins moving on their own.
I don’t think altcoins have any future (at least 90% of altcoins). Most altcoins are created on hype and have no foundation under them. In order for altcoin to exist, you need an idea that will be followed by people who believe in this idea. And I don’t see altcoins having such a foundation.
If you think that this is already the worse fall we got, check out the fall we got back in 2018.
It could either be that alt is a shitcoin or it is along with the fall of Bitcoin.
There ain't definite reason aside from whales manipulation. I even remembered the involvement of whales in Bitcoin SV from what the dev stated.
It could either be that alt is a shitcoin or it is along with the fall of Bitcoin.
There ain't definite reason aside from whales manipulation. I even remembered the involvement of whales in Bitcoin SV from what the dev stated.
People understand that majority of alts dont have any use cases and real value
The previous altcoin pump was triggered by ERC20 tokens, not "coins." Therefore I doubt that these tokens price would recover, mainly because a lot of them came from scam ICOs. Drop.. dead..
However, legit PoW coins always have the probability of pump. Look at the top-10, i.e., BCH, BS V, and LTC. How many times these coins pumped and dumped? A lot. Just gamble responsibly, mate.
However, legit PoW coins always have the probability of pump. Look at the top-10, i.e., BCH, BS V, and LTC. How many times these coins pumped and dumped? A lot. Just gamble responsibly, mate.
This is simply due to the performance of bitcoin which also falls, bitcoin had an ATH last year 2017 reaching $20,000 but it falls hard dumping bitcoin to as low as $3,000, and since bitcoin is heavily dominant in the overall market, this bad movement of btc had also affected altcoins a lot.
Since altcoins were the most profitable during the last bull run, they also need to suffer the fall during the long correction.
Since altcoins were the most profitable during the last bull run, they also need to suffer the fall during the long correction.
A lot of altcoins have fallen and it's been tough years for alts, Ethereum and other alts have hit harder these coins perform only if Bitcoin rises. So what's actually happening???
Why is it that altcoins are suffering more significantly, Is there any hope for a massive pump this year? Guys kindly share your thoughts.
Why is it that altcoins are suffering more significantly, Is there any hope for a massive pump this year? Guys kindly share your thoughts.
Avoid those projects that are very new. People and investors now are wise to know that the previous bear market makes the tokens depleted in price. I hate to say it. But the btc will increase until halving and most of the people will fomo with it. I'm not saying altcoins will die too but some of major coins are likely to pump such as eth, bnb, ltc and many more. The criteria there is the progress of the product or platform. Take a look on eth upcoming migration to POS blockchain, it seems it has many supporters and now coming back to eth and buying more.
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