Altcoins work like all of the top crypto coins or bitcoin itself even though specific and less involvement of many people if the altcoin built for as service is overvalued than a correction phase is necessary to stabilize the value of the altcoin which is may it goes down,
Topic: what causes the price of altcoin down? - page 12. (Read 4181 times)
It totally depends on the price of the bitcoins and its rise and fall affects the coins.
the reason is that holders of coins are trying to sell their coins after they meet their sales targets when they buy cheap and then sell them at high prices when this high price they start selling bitcoin coins, altcoin them to get money, increase the amount of bitcoin, increase the amount of altcoin.
There's money out on the virtual market. All Altcoin prices are down. In order for the prices of crypto money to rise, there must be money input on the market. As soon as possible we expect the virtual market to recover.
Altcoin as an alternative group of cryptocurrencies has the ability to decrease in price. The price reduction depends on various factors: a strong decline in the price of Bitcoin, undermining the trust in cryptocurrencies due to events in the world, the prohibition of cryptocurrencies in individual States, the creation of a group of people situations where the price of tokens artificially increases.
Too much supply and supplies of alcoin, this is a consequence of falling prices.
but this is a great time to buy and keep it. I'm sure Alcoin's price to reach the highest will come. even though no one knows the right time yet.
but this is a great time to buy and keep it. I'm sure Alcoin's price to reach the highest will come. even though no one knows the right time yet.
Back in 2017, a lot of people were purchasing altcoins such as Ethereum, Ripple and ADA because Bitcoin looked very expensive for them (a lot many doesn't know that BTC can be purchased in decimals). Once Bitcoin started crashing, the alts crashed even faster.
The price of altcoin are determined by the actors on the market. The willingness and readiness of sellers and buyers to sell and buy respectively at certain high or low price determines the price on the market. Actors decision to sell at at a certain low price is determined by the cause of FUD on the market which leads to panic sales.
It's not shoddy, a few coins were overrated now it's an amendment. We are in a bear showcase, don't expect 4 digits ETH and 1 digit Ripple. Smiley, It will resemble that until the point when incline changes, that requires some investment.
This is only an apparent dip. Look at the chart of any top coin like Ripple or Bcash, you see a sudden dip which is not natural, in fact there wasn’t any real dip, it’s just that CoinMarketCap decided not to take into account some Korean markets in the algorithm that calculates the price. They did this because the price in those markets was much higher and didn’t reflect the actual value of the coins. So, now the market has assumed a more realistic value
People pulling out their money or trying to pull out their money. Market value is driven by supply and demand. If more people are selling than people are buying then the price will go down as a lack of demand forces sellers to lower their prices until demand catches back up with them.
As for what triggers it, its the "invisible hand" of capitalism, I guess. Sometimes things are triggered by a major news story, sometimes its just a weird gestalt consciousness type event where enough people decide to start selling their holdings at the same time - this is pretty common after a steep rise like what was witnessed over the past week.
As for what triggers it, its the "invisible hand" of capitalism, I guess. Sometimes things are triggered by a major news story, sometimes its just a weird gestalt consciousness type event where enough people decide to start selling their holdings at the same time - this is pretty common after a steep rise like what was witnessed over the past week.
give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.
In my opinion, there is no turmoil in Altcoin, although today the price tends to follow the movement of bitcoin.
This is great because of exaggerated coverage, or maybe someone is deliberately wanting to drop the altcoin.
The supply of the ethanol and the increase of the bitcoins is the reason.
the in all likelihood reason is because of the huge number of rivalry going on. Kinds of altcoin the more extended to an ever increasing extent. At that point the quantity of the network wound up scattered equitably. also, this makes numerous coins at last encountered a value drop. The second reason is most likely on the grounds that a ton of going frenzy offer. that outcome since it was anxious about the possibility that that the coins will be evaluated low because of consume.
Many altcoins are paired with Bitcoin on almost all the exchange sites, hence a significant fall in price of BTC causes the paired altcoins to fall as well. Also, in situations where there is panic, holders of a coin begin to lose trust and sell the coin for very cheap prices.
Yes, altcoins are not exactly down at this moment. I mean they are down against the bitcoin price that is true but they are not down against the dollar value. Which means they are not not losing value, bitcoin gained value against them, this is a lot different than losing value, its a bull market and bitcoin price is gaining value but altcoins are not losing value at all.Hence, I believe that altcoin prices are down because bitcoin gained value against the dollar. Wait a bit more and alts will go back to their bitcoin prices but this time they will gain value against the dollar value as well.
give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.
Most of the time, the hype with bitcoin affects the values of the rest of altcoin.is it time for us to buy altcoin?
why every mid year altcoin is always cheap.
beginning like almost at the end of the year. a lot of non crypto enthusiast gets into the market and buy bitcoin.
with this bitcoin is hyped. and after that this people will leave gradually.
leaving and dumping their purchased coins or token.
and the price of all crypto will fall too. because of this.
This is nothing, a ton of them will be worth near 0$ on the grounds that absence of utility, some will change the world and entire businesses clearly yet many individuals will lose confidence as a result of contributing carelessly.
give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.
There are a lot of things that could cause the price of an altcoin to fall. There is the fud that surrounds cryptos all the time which leads to the prices of the coins falling. There is the matter of pumping and dumping of coins by whales, when they are buying the prices of the coins go up and when they dump their coins, this leads to the prices of the coins falling down.
Many altcoins are paired with Bitcoin on almost all the exchange sites, hence a significant fall in price of BTC causes the paired altcoins to fall as well. Also, in situations where there is panic, holders of a coin begin to lose trust and sell the coin for very cheap prices.
In 2017 BitCoin has risen from $1,000 to $20,000 before dropping to $13,000 at the end of the year. Since then, BitCoin's value has risen and dropped sporadically from day to day, dragging smaller cryptocurrencies like Ether and Ripple along with it. So BitCoin and AltCoin correlates with each other. If BitCoin is bullish, then Altcoin is bullish too. I think it is good for us to buy the dip and HODL. Value changes every minute, it won't stay stagnant.
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