what causes the price of altcoin down? - page 37.

cluit

legendary

Activity: 1176

Merit: 1016

Quote from: deepcryptomine on March 09, 2018, 06:32:27 PM

Another factor was the news that increase regulations are coming to cryptocurrency globally. Read the below article

https://cointelegraph.com/news/bitcoin-drops-below-9k-top-altcoins-down-16-on-global-regulatory-news

That is the reason for overall market performance today.

Indeed, as many governments world wide are now regulating bitcoin and other crypto currencies along with exchanges, there is pressure on trading platforms as well as people trading on the platform, which has caused many people to cash out their money. The fear of paying taxes has caused many people to transfer their holding into a private wallet.

The people want to stay anonymous , but that wont be for long as exchanges are getting transparent and regulated. Recently there was news about a notice sent to coinbase from us government for making the exchange regulated. Media, government and news affect the movement of crypto currencies significantly.

Asimmo

sr. member

Activity: 728

Merit: 251

Altcoins are gaining resistance and reputation slowly..
Therefore, reduce dependence on bitcoin..
Only this process will make relevant altcoins survive and not be liquidated at every btc dump..
Developing DEXs` fiat pairs is best way, not to be tied on btc so much.

Kiweikoo

hero member

Activity: 1036

Merit: 500

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.

Yes, it is a great time to buy bitcoin as well as other altcoins. According to me, the altcoins are always down at this period of time because where the year ends, people usually sell their holdings to cash out some yearly profits, which causes crash in January and February and the rest just panic sell which cause more dips.

For the market to gain momentum for bullish trend again, it takes a bit time for recovery and hence first 4-6 months at the start of the year are low for altcoins and bitcoins. In these dips and pumps, major role is played by the whales that sell in bulk in early part of year and then reinvest in the later half.

Vart4varta

member

Activity: 238

Merit: 10

The laws of the crypto-currency market are very similar to those of the stock market. So, the rate of any crypto currency is determined primarily by the changing demand and supply to it, while the most noticeable fluctuations in value are provoked by participants with solid assets. It is their actions that provoke an increase in the number of those who want to buy virtual currency or get rid of it as soon as possible. With the increase in demand, the rate of crypto-currency
, respectively, with a decrease in trading volume compared to the usual level - is falling.

pucunghul

full member

Activity: 434

Merit: 102

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.

this happens because the market is unstable, bitcoin still has a great influence on altcoin.
but maybe in mid-year altcoin can grow fast. I am sure of it

Sartrute

full member

Activity: 522

Merit: 101

Quote from: ?? on ??

The only reason is what happening to bitcoin. Whenever bitcoin price falls, altcoins prices fall too and altcoins price fall is usually bigger than bitcoin.

I do not think that this is true about this year. The dominance of bitcoin in the market is falling. There are many independent coins, the price of which is determined separately from bitcoin. For example, ETH, now it is very difficult to derive some regularity of its price relative to the price of bitcoin.

KalaiBTC

full member

Activity: 448

Merit: 102

Quote from: ?? on ??

The only reason is what happening to bitcoin. Whenever bitcoin price falls, altcoins prices fall too and altcoins price fall is usually bigger than bitcoin.

Bitcoin has linked itself to movement of other altcoins because many exchanges available worldwide don’t provide fiat exchange pair for altcoins, and rather provide bitcoin as exchange pair for altcoins, therefore when bitcoins falls, altcoin falls. Altcoins are more volatile than bitcoin. Though altcoins drop more in comparison to bitcoin when the market drops, it also rises faster than bitcoin when market recovers. Therefore altcoins are for making quick profits whereas bitcoin is suitable for long term trading.

singpolyma

full member

Activity: 546

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I noticed that the prices of altcoins began to grow and now is just a very good time to buy a few coins. I would buy an Ethereum

ImGenius

full member

Activity: 314

Merit: 100

Quote from: Rangga27 on March 10, 2018, 06:35:05 AM

Quote from: AgatioX on March 10, 2018, 02:21:42 AM

Quote from: ?? on ??

The only reason is what happening to bitcoin. Whenever bitcoin price falls, altcoins prices fall too and altcoins price fall is usually bigger than bitcoin.

After bitcoin reached highs and went on correction then alts mooned in december.
Expecting same movement in future.

So what you said is depends....

so every December altcoin will be its high price? but why every March until August the price of altcoin down?

Yes that's true, If bitcoin price go down then altcoin also goes down. We cannot predict the market situation but we have to accept that it is always happened. We have to be open minded about this matter.

Zverek

newbie

Activity: 196

Merit: 0

Yes, there is nothing to think why it happens! Look at Bitcoin and you will understand what will happen in the market as a whole! If there is on that buy, buy coin in which you believe, if there is no the simply watch those that happening. Sooner or later, this has to end.

Nakaba

member

Activity: 167

Merit: 11

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 last news I gather is that Mt. Gox is dumping their bitcoin and bicoin cash in trading platforms. Since all altcoin rely on bitcoin, alcoin will also affected in bitcoin fall. Even whales are also contribute on ots fall if they sell it to fiat.

target

legendary

Activity: 2282

Merit: 1041

Money is spent just to drag down the price so they can buy the cheaper coins. Sometimes you just can't trust these big bitcoin companies its just them that created these news to play the smaller investors. If you panic and sell the tokens you hold, you definitely lose the money you have. People were holding tokens even those tokens that were created by disappointing team.

Balmain

hero member

Activity: 2156

Merit: 685

It's not cheap, some coins were overpriced now it's a correction. We are in a bear market, don't expect 4 digits ETH and 1 digit Ripple.

It will be like that until trend changes, that takes time.

yillusion

full member

Activity: 280

Merit: 122

maybe some governments banned cryptos, maybe some people want to make profits from the falling, no matter how, the altcoin already pumped for almost one year, and i think it need a fall for the next moonrise

quierx16

full member

Activity: 434

Merit: 110

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.

because of FUD that exchange in the japan will be closed and binance hacked that why the price of bitcoin dropped.
and altcoin drops because of bitcoin. most of altcoin depends their prices to the value of bitcoin

cpoer2011

full member

Activity: 560

Merit: 108

There are many reason cause the price of altcoin down especially bitcoin which is :
- Bitcoin price goes down very bad because it's said that there something do with mtgox guy that sell his btc worth $400 M so bitcoin down makes all alts
going down badly, many people panic and sold their alts for bitcoin, sold bitcoin into fiat
- Binance API failed so the rumors is binance has been hacked ( i don't if that's true ), but I heard that it's all clear now
- the last one maybe about G-20 Summit because it said that there will be talking or discussing about new cryptocurrency regulation (especially bitcoin). So
many people waiting for the update about it.

correct me if I'm wrong. Many anyone can tells other reason.

Dpat

copper member

Activity: 798

Merit: 3

As, the supply is a limited phenomenon or some certain supply will come in future in the cryptocurrency so the demand and supply relation is affecting the cryptocurrency market for the price down or increase. Most of the time the perceiveness of the investors or the traders also affecting the market.

XCANA

full member

Activity: 1470

Merit: 148

Prices reaction to the fources of demand and supply is usually normal in the crypto currency. The price of altcoins are on the downward trend at the moment because Bitcoin is currently facing a lot of trouble and they react negatively as it happen to Bitcoin.

dalesotpi

newbie

Activity: 126

Merit: 0

Quote from: katixrecamara on March 11, 2018, 08:09:23 AM

This is due mainly to the fact that they are not as popular as bitcoin, therefore, community is not as strong as with bitcoin community.
So that when prices of bitcoin varies, altcoin prices will be affected.
like for example when bitcoin price go down, many will trade their altcoin for bitcoin because they know that it will recover soon and will gain profit, and in turn will affect prices of altcoin.

I believe that is the reason behind the line that prices of alts are closely tied up with that of bitcoin

Yep! I believe this is the cause of it all.
You pretty much have explained it to bits of pieces how exactly altcoin prices go down and what affects it.
This is the same scenario when somebody would say that due to community support, after all trading coin for something else means that member of that community has transferred to another

katixrecamara

newbie

Activity: 85

Merit: 0

This is due mainly to the fact that they are not as popular as bitcoin, therefore, community is not as strong as with bitcoin community.
So that when prices of bitcoin varies, altcoin prices will be affected.
like for example when bitcoin price go down, many will trade their altcoin for bitcoin because they know that it will recover soon and will gain profit, and in turn will affect prices of altcoin.

I believe that is the reason behind the line that prices of alts are closely tied up with that of bitcoin

Topic: what causes the price of altcoin down? - page 37. (Read 4181 times)