Topic: What caused all the price drops? - page 2. (Read 2741 times)
Currently, the price is decreasing because the BTC domination is increasing. BTC domination is 54%+ right now which is very high for the moment. However, It does not matter because most of the altcoin which is still decreasing is not a coin which we can consider as an investment. Therefore, who cares?
I believe that there was no such big price drop. This is not a fall I would call it just a correction or a market recovery. Although the market is always unstable and always fluctuates. This is his normal condition.
Most likely the prices were affected by the market correction. After all, when it is delayed, it doesn’t get better. Many cryptocurrencies do not stand up at all and fall. So, the prices will come back to normal only from the new year.
in my opinion, most of the crypto markets fall due to bad news that hit the crypto world, such as the hacked exchange, the rejection ETF approval by SEC, and many more, the most terrible thing is that the news spread quickly and reached the ears of investors
The main reason in my opinion is that because of the many hackers who have caused huge losses to investors ranging from ICO scams to exchange burglaries, investors have begun to lose confidence in crypto currency because of this, I hope there will be a security system that can guarantee investors
Great topic. I hope somebody could explain why this drop continued for the last 9 months. It cannot last forever, because people are tired of this market and the bulls are going to come into the market every week. Just wait and stay calm.
I think all the problems that are happening now. This is all due to a protracted correction. Therefore, such instability and frustrations in the work of the market of cryptocurrencies.
Yes, now there is a noticeable long-term financial correction in the crypto market. It is difficult to name all the reasons for this situation. But among the main problems I will highlight the financial price correction, massive sales of tokens by investors due to panic, negative news from different states and organizations. But next year the situation should improve, with an increase in the size of investments and the prices of reliable altcoins.
Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?
In fact, there are many reasons for this market development. Including, you need to take into account the financial correction - after a rapid price increase, the prices should have decreased over time. Such a temporary decline has frightened some investors, who began to sell their coins in a panic.
Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?
In fact, there are many reasons for this market development. Including, you need to take into account the financial correction - after a rapid price increase, the prices should have decreased over time. Such a temporary decline has frightened some investors, who began to sell their coins in a panic.
Well, not always the same, the price increases have coins without any corrections may not be growth and further development , the price rose 3 years and the fact that she is now falling is a normal phenomenon
Bitcoin is the determinant of general price on cryptocurrency market and we can see bitcoin price been on a decrease and this is affecting altcoin price as well. When market react to to bitcoin price decrease, they usually over react to selling altcoin at lowest price possible!
I think that the whole cryptocurrency is not stable. This is a normal situation. Even the most good economy is falling. I am sure that the market will recover by the end of the year and then there will be a big jump upwards.
I think price drops couse whales,banks,peoples who follow that persons who dump down all crypto market,if we dont afraid of all drops and hodl the market wont go down so hard..
Well, I understand the market correction. Prices will go up. As soon as everything gets better. After all, in the cryptocurrency system of falling and lifting. This is normal. And do not worry so much.
Currently there are a large number of projects offering to invest in coins and tokens. Investors are at a loss. The state of decline in the crypto market also affects people who panic and rush to sell their coins to avoid losses. I think the situation will change for the better.
To those people who have not yet understood why cryptocurrencies are beginning to grow a little now, I’ll probably say that today altcoins are very dependent on BTC and as you can see BTC today is very actively trying to rise higher.
Just as mos people know that altcoins is most likely to follow the steps on bitcoin, when ever bitcoin dropping on its price, the altcoin will be mostly getting dragged and has their price down.
The price drops in cryptocurrency is caused by the fall in price of Bitcoin which is caused by the situation of the market, the news and negative hype spread about Cryptocurrency. This made investors scared of investing and led to the drop in price. We all know crypto is influenced by the forces of demand and supply.
The rise and fall in the price of cryptocurrencies is related to the level of capitalization, so when Bitcoin fell, pulling all the altcoins along with me, it seems to me that the whales simply brought their coins to Fiat!
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