what causes the price of altcoin down? - page 11.

Xkaliber

member

Activity: 392

Merit: 10

Quote from: Specialforce on August 04, 2018, 01:46:35 AM

The main reason why the altcoin goes down is becaude of the bitcoin because the bitcoin is the backbone of all altcoins out there so whenever the bitcoin it also affect the altcoins as well

Your opinion seems to have a point as well and of course the price of bitcoin also affects the price of altcoin,
so you could say if the price of bitcoin goes up then the altcoin price will also go up and vice versa too,
so we hope that in the near future the price of bitcoin can rise even though it only rises little by little

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

Quote from: AshdiD22 on August 04, 2018, 09:48:38 AM

Quote from: #bromocorah on August 03, 2018, 11:05:41 PM

Quote from: Rangga27 on March 09, 2018, 04:48:40 PM

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

The crypto market is very flexible, even for all the news, especially for bad news.
We have some bad news in the last week, and without you knowing it has a direct effect on the market, because it causes market unrest.

The prices of all altcoins are somehow tied to either ETH and BTC. So when Bitcoin price drops, every coin follows suit, unless it's a rare exception.

Every time there will definitely be price movements. The digital currency market is a very difficult thing to predict, so what we can do is try to do the best analysis possible. Altcoin and Bitcoin prices will always change and this is a characteristic that is owned by digital currencies.

AshdiD22

member

Activity: 392

Merit: 10

Quote from: #bromocorah on August 03, 2018, 11:05:41 PM

Quote from: Rangga27 on March 09, 2018, 04:48:40 PM

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

The crypto market is very flexible, even for all the news, especially for bad news.
We have some bad news in the last week, and without you knowing it has a direct effect on the market, because it causes market unrest.

The prices of all altcoins are somehow tied to either ETH and BTC. So when Bitcoin price drops, every coin follows suit, unless it's a rare exception.

Mytoken

member

Activity: 392

Merit: 10

Fast, Smart, Trustworthy

Objectively, I think that there are too many altcoins now, which may affect the growth of Bitcoin, so Bitcoin has something to break the altcoin. This is my point of view.

arpaul

member

Activity: 294

Merit: 10

The price of altcoins are heavily dependent of the prices of BTC and as we know the price of BTC recently experimented a bubble and a crash so it is natural the prices of almost all altcoins to go down, but there is nothing to worry about, the price will recover but like always the problem is we do not know when that is going to happen and our only option is to hold until that day. Cool

rynanosih21

newbie

Activity: 224

Merit: 0

In my opinion, the price of Cryptocurrency has dropped because many are not interested in buying Cryptocurrency.
At present, the Cryptocurrency market is experiencing a decline in prices and the market is not healthy.
There are many people who leave Cryptocurrency including investors.
The world of Cryptocurrency can develop well because there are investors who buy coins and there are now many scams that cause investors to be reluctant to conduct transactions in the Cryptocurrency market.

Specialforce

full member

Activity: 378

Merit: 100

The main reason why the altcoin goes down is becaude of the bitcoin because the bitcoin is the backbone of all altcoins out there so whenever the bitcoin it also affect the altcoins as well

Bitcoincole

full member

Activity: 504

Merit: 102

Well, I think it is because bitcoin price is low and all other altcoin depends on it so when the price goes high altcoin price also increase. Same goes when the price goes down,too. Based on record, bitcoin price really affects the price of all other coins in the digital market.

ChaoChibai

member

Activity: 588

Merit: 10

-ethernity cloud-

As far i know because of etf has been rejected and of course it's the right rime for us to buy altcoin because i stil believe in the end of the year altcoin price will rise again like last year but it can't be higher than previous year

Cryptokeke

jr. member

Activity: 136

Merit: 1

The big factor for the altcoin to go down in price is because of the down on ethereum and bitcoin, this 2 big coins are the most factors that will affect the pricing of cryptocurrency market

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

Quote from: Temmy007 on August 04, 2018, 12:25:15 AM

We can't tell for sure; but just basic law of demand and supply; a coin without a major use would surely dump for sure

and that demand is affected by so many factors out there including regulation, good news and many more. The bitcoin dominance is now rising at its peak that making other coin weakened.
That also means that the money is flowing from altcoins to bitcoin as it seems people dont want to miss the opportunity of riding bitcoin pump train but thats just my guess.

vvthd

member

Activity: 194

Merit: 10

I think biggest reason is bad news and new events and market situation. Market situation is very bad last seven months and big investors do not trust the cyrptomarket.

Luntik45

newbie

Activity: 168

Merit: 0

I don't think we'll ever know . in my opinion, the price is controlled by the richest and they decide to raise the price or lower

Tipstar

sr. member

Activity: 1932

Merit: 300

Vave.com - Crypto Casino

There may be individual reasons, news, events for a coin to go down.
A large pump is generally followed by similar dump and price fall.
The coins also in general decreases with decreasing price of BItcoin and Ethereum.

mware

full member

Activity: 390

Merit: 100

Look at the price charts of total crypto market cap on coinmarketcap YTD. It barely reached ATH on June 20 before rapidly selling of and then moving into a sideways movement. We'll likely see a break in prices, and I won't be surprised if it's down.

Temmy007

full member

Activity: 392

Merit: 100

We can't tell for sure; but just basic law of demand and supply; a coin without a major use would surely dump for sure

gucci belt

jr. member

Activity: 224

Merit: 1

Quote from: Rangga27 on March 09, 2018, 04:48:40 PM

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

Falling altcoin prices are usually due to many factors, one of which is a failed development, or perhaps a less good product.
Whatever starts from the beginning, the challenge is to survive or to fall and die. Altcoin just started the story, so naturally when the price is not stable.

#bromocorah

newbie

Activity: 98

Merit: 0

Quote from: Rangga27 on March 09, 2018, 04:48:40 PM

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

The crypto market is very flexible, even for all the news, especially for bad news.
We have some bad news in the last week, and without you knowing it has a direct effect on the market, because it causes market unrest.

imran69

newbie

Activity: 102

Merit: 0

Because almost every altcoins are traded via btc/eth/ltc. Unless there are fiat pairing for these altcoins, every decrease in the btc/eth/ltc will affect the rest.

pohehao

newbie

Activity: 2

Merit: 0

Because it is small and does not have as great potential as the main types of coin and each year there will be usually mid-year projects.

Topic: what causes the price of altcoin down? - page 11. (Read 4181 times)