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Topic: what causes the price of altcoin down? - page 17. (Read 4181 times)

newbie
Activity: 223
Merit: 0
according to this, the cause of the decline in altcoin prices due to the decrease in bitcoin prices affects altcoin and the Altcoin price also follows it.
when bitcoin values get high the altcoin and other coin prices will automatically be high as well.

member
Activity: 448
Merit: 10
We should use this opportunity to buy good coins. Such sales for this and there
newbie
Activity: 89
Merit: 0
Many people are interested in altcoin. Because altcoin tends to grow faster than bitcoin and Ethereum. But we should know that every altcoin has whales. Whales will cost us dearly.
sr. member
Activity: 1022
Merit: 256
give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

It is not really a pattern that every mid year the altcoins are always cheap. That is a wrong observation as far as I am concerned. The altcoins are very cheap as of the moment because the market suffered a long time of dumps and panic selling. Although there are green days, the lost value was big enough be recovered easily. But that does not mean that the altcoins are not worth investing. It is best to buy them during these times.
newbie
Activity: 126
Merit: 0
not only altcoin prices are declining but all the coins are falling in price and the market is in the red zone. for a reason why, I do not know exactly, maybe the world is experiencing an economic crisis, so it affects all investments.
jr. member
Activity: 239
Merit: 4
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give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

I think the current dip is caused by two factors:

1. Binance API fail

2. MtGOX guy selling coins for 400M.

But the marker seems stable around 9K and alts seems to get a slight recover.
usually affecting the price of a coin is its development. so that with the presence of a declining development able to make the price of coins falling.
so keep it very good to keep the existing coin prices like Altcoin.
full member
Activity: 335
Merit: 101
You have to be very careful when it comes to altcoins. Most of them will die and 90%+ of them will not have real usage at all. I would mainly stick with Btc, Eth and maybe some very strong alts. But don't buy shitcoins for pure speculation.
newbie
Activity: 28
Merit: 0
It's a combination between altcoin/btc price falling, because BTC is going and people selling alts because BTC is going up. Looking at how much the altcoins are falling $ wise it's often not that much but it looks like a lot because people are starring at the altcoin/btc ratio.
newbie
Activity: 168
Merit: 0
Right now all altcoins basically move in the same direction as bitcoin, with generally greater percentage moves. Whether people like it or not, bitcoin is still an anchor and point of reference in the market. As the market matures perhaps this dynamic will change.
newbie
Activity: 112
Merit: 0
I believe this is a result of the expansion in absolute supply of the bitcoin etherum and bitcoin money I trust the cost been down is a chance to claim more bitcoins Furthermore, it is additionally an impression of the measure of excavators of bitcoin
hero member
Activity: 966
Merit: 552
give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.
The alternative coins price is cheap due to the price of bitcoin goes down, as we know bitcoin is the king of cryptocurrencies so all of cryptocurrencies will follow the leader, so do with alternative coins price.
In my personal opinions yes today is best time to buy bitcoin and other alternative coins due to usually all of cryptocurrencies price will increase in the end of year.
jr. member
Activity: 126
Merit: 1
humans selling their bitcoins makes the whole marketplace move down hopefully it'll alternate soon and start seeing a few inexperienced with the altcoins it is a hard marketplace to get it and make money the quality manner is to buy and hold for a while untill you get profits
hero member
Activity: 2268
Merit: 579
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the basic economic principle, that the more people who sell the price will go down. which is the real question why many people are selling bitcoins now? are too many people in need of money so they either double-bitcoin them simultaneously or they panic with the falling bitcoin?
Most people are selling right now because of the panic they feel because the price does not recover and each month the price does not recover creates even more panic, there are some long term holders that do not mind and are willing to wait as long as necessary but there are others that are holding waiting for a fast recovery and when they realize that is not going to happen they will sell.
I can assure you that it not every body that sold their bitcoin sell it due to the FUD because the market a lot challenges from the FBI Crypto currency investigation, senior  regulator and the 2016 market manipulation.
newbie
Activity: 66
Merit: 0
it depends on btc stiuation, if bear market continue alts will bleed more .. btc needs to break some resistance to join bull cycle ..
hero member
Activity: 1638
Merit: 576
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I think that altcoins are falling because of bitcoin. and it's too early to buy altcoins.
Yes, the drop in altcoins is most probably caused by the drop in Bitcoin itself. This trend happens almost always. In fact, I've never seen altcoins  behave differently to BTC
full member
Activity: 448
Merit: 100
give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

I think altcoin prices have not a routine. All the prices are changing with the price of bitcoin, and I think the reason of the fluctuation of the prices are news and the choices of the traders according to this news.
newbie
Activity: 40
Merit: 0
It caused by the bearish pattern of crypto, the bearish pattern was made by the bitcoin itself. Furthermore, the bitcoin gets huge dump by mtgox trustee worth around 35k bitcoin and 35k bitcoin money. That is the reason the market was kicking the bucket. This looks a decent time at any rate you can purchase altcoin with markdown. Be that as it may, simply endeavor to watch the japan news. There is remaining measure of bitcoin worth 161k bitcoin once more. Be that as it may, the court will endeavor to oversee it.
full member
Activity: 434
Merit: 100
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give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

The reason is because the price of bitcoin is down so the altcoin is down too. Because altcoin is highly dependent on bitcoin. Just wait and you will see next year the price of bitcoin will increase and the altcoin also increase. So be patient and dont panic
newbie
Activity: 266
Merit: 0
I believe when the price of bitcoin falls, this also affect the price of altcoin and they begin to fall. The  supply and demand can also affect altcoins' prices. Another factor was the news that increase regulations are coming to cryptocurrency globally. However I believe it will go up towards end of 2018.
member
Activity: 238
Merit: 13
because all altcoin is based on bitcoin price as a source of comparison. If bitcoin decreases altcoin also decreases, besides the small amount of demand can also influence the rise of bitcoin or altcoin.
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