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Topic: what causes the price of altcoin down? - page 38. (Read 4164 times)

member
Activity: 266
Merit: 11
March 11, 2018, 09:08:47 AM
#71
Even Bitcoin's value is dropping, so probably it affects also the value of altcoins. Yes, it is definitely a good time to buy coins since the value is dropping, but as what as I can observed, it will still drop. So, let's take the opportunity to buy coins.
hero member
Activity: 798
Merit: 500
March 11, 2018, 08:53:36 AM
#70
give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.
As what i have observe the main causes why altcoin was down its value because the main coins which is bitcoin was down also.Second was many of inveators right now dumping their crypto coins earnings.
sr. member
Activity: 476
Merit: 256
March 11, 2018, 08:47:27 AM
#69
There are several reasons.
1.Sometimes big whales want to get the prices low they sell heavily their investment demand decrease prices down.In this case they again buy at low rate to earn more profits.These are tactics employed by them.
2.There are regulations news,ban news when these news are at climax usually prices are  down.
3.Govt and many other renowned businessmen give heavy money to social media to spread negative news to discourage crypto world.
4.Binance exchange was hacked and withing short span a large amount was withdrew.

One another point to ponder is that all of these coins are correlated with BTC,when BTC price goes up other alcoins also go up and vise versa.
member
Activity: 170
Merit: 10
Earn with impressio.io
March 11, 2018, 08:40:22 AM
#68
give your opinion why altcoin cheap price?
Maybe because of the rumored binance got hacked?

is it time for us to buy altcoin?
Ofcourse this is a chance to buy a cheap coin and instant profit when it recovers.

why every mid year altcoin is always cheap.
It is not mid year yet and it is not always cheap just a coincidence.
full member
Activity: 406
Merit: 100
March 11, 2018, 08:32:42 AM
#67
Unambiguously, you need to use the moment to buy a cheaper currency and then weld on it. Of course, prices will rise again
full member
Activity: 1048
Merit: 102
March 11, 2018, 08:25:29 AM
#66
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?
probably because in March to August most investors take / withdraw the funds they invest,
because that month there are many big days
full member
Activity: 450
Merit: 100
March 11, 2018, 07:59:50 AM
#65
There are some reason for altcoin price Down.

Firsty: Bitcoin price (Going down)
Secondly: Binance Hacked issue

Bitcoin price now $8,965.19 It will rise after few months,  Then I think price (altcoin price) again pump.
Bitcoin is the most matter for altcoin affect.
jr. member
Activity: 280
Merit: 1
March 11, 2018, 07:52:57 AM
#64
My first reason is the price of altcoin depends on the price of bitcoin or ethereum,
If the price of bitcoin down can be very certain altcoin prices also fell,
People's belief in altcoin is rather low compared to bitcoin or ethereum
member
Activity: 156
Merit: 13
March 11, 2018, 07:44:58 AM
#63
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.
Oh, issue of binance hacked?
Make market go down?

Much of the money was lost when the binance was hacked. Approximately 20 billion dollars were stolen and the investors which didn't pull the funds in the proper time to their wallets are now begging for their rightly deserved money that is actually theirs. That situation has influenced a market very much.

Just remember the what chaos has arisen when the Tether was revealed as the back support for the Bitcoin buys. The market was also in the disorder situation but like in the previous falls market will recover and the best time to invest is now.
full member
Activity: 420
Merit: 100
March 11, 2018, 07:31:07 AM
#62
One of the main reasons is still the connection with bitcoin. Falls one-pulls another. In the future, perhaps this situation will change, but not yet.            
jr. member
Activity: 159
Merit: 1
March 10, 2018, 09:55:45 AM
#61
it can be caused by many people who sell their altcoin and can also be due to the  bitcoin price fall then on the altcoin price fall too, usually the altcoin price drops greater than the reduction in bitcoin prices
full member
Activity: 278
Merit: 115
GIF by SOCIFI
March 10, 2018, 08:57:37 AM
#60
give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.
As far as I know, investors are now awaiting moves by governments to issue a legalization policy for the crypto market. So, this is a good time to make wise decisions and seize the best opportunity now
newbie
Activity: 320
Merit: 0
March 10, 2018, 08:50:51 AM
#59
give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.
1) Because a lot of bad news and the market reacts to them
2) I think this is a good time to buy some promising Altcoins at a good price.
3) I don't know why this happens) Maybe just a coincidence?)
full member
Activity: 392
Merit: 102
March 10, 2018, 07:35:05 AM
#58
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?
sr. member
Activity: 1078
Merit: 354
March 10, 2018, 07:20:59 AM
#57
give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

Prices are low now only relative to the Dec/Jan high.
Most coins are still at what would be considered ATH as recently as early December.
Prices can't rise continually without some retracement. I think we need to look longer term.
copper member
Activity: 497
Merit: 0
March 10, 2018, 07:16:18 AM
#56
give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

The market is again unstable, the low amount of demand causes the price of altcoin to fall, for the future the price of altcoin will gradually rise. Positive thinking is better.
legendary
Activity: 1414
Merit: 1001
March 10, 2018, 07:13:22 AM
#55
Altcoin's prices went down because the price of bitcoin went down.
Decreasing in bitcoin's price shows weakness of the market,the fear rate goes up and people exit the crypto market.
Not only that, the regulation really helps the negative rally as regulators are trying to prevent people from selling their earnings for fiat, which deterrent people from investing in crypto at the first place as they won't be able to go out with money later.


Altcoin is very easy to be affected and ascertained that when the price of Bitcoin moves it will affect the price Altcoin. In addition to the lack of confidence in Altcoin makes Altcoin Prices can easily change quickly, even when there is still news that the rumors are limited it will have a big effect on the condition of altcoin, This is indeed inevitable. Altcoin's market share that is still small enough still has to be developed, and until now investing in Altcoin can be very risky, for anyone who wants to make a safe investment then Bitcoin is the best choice compared to Altcoin.
full member
Activity: 392
Merit: 102
March 10, 2018, 07:08:05 AM
#54
Altcoin's prices went down because the price of bitcoin went down.
Decreasing in bitcoin's price shows weakness of the market,the fear rate goes up and people exit the crypto market.
Not only that, the regulation really helps the negative rally as regulators are trying to prevent people from selling their earnings for fiat, which deterrent people from investing in crypto at the first place as they won't be able to go out with money later.


oh means now the price of altcoin down is the cause of Bitcoin down?
member
Activity: 322
Merit: 12
March 10, 2018, 04:37:01 AM
#53
give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.



At my suggestion, i think Qtum, NEO is good coin to invest at current, but i don't encourage you all in, you can read news, crypto signal group to know time to buy. Hope you bought at dip  Grin
that's true even though the coin you mentioned has potential that we think is good but it would be better if we want to read any good coin news because usually the krypto signal group predictions are often successful so if we follow them the possibility of loss becomes very small

Yup, I do not want too dependent on the crypto signal, i often research from a variety of sources, especially from their discussion channel, followed by official news from twitter, major news sites.
sr. member
Activity: 476
Merit: 259
March 10, 2018, 04:20:14 AM
#52
Altcoin's prices went down because the price of bitcoin went down.
Decreasing in bitcoin's price shows weakness of the market,the fear rate goes up and people exit the crypto market.
Not only that, the regulation really helps the negative rally as regulators are trying to prevent people from selling their earnings for fiat, which deterrent people from investing in crypto at the first place as they won't be able to go out with money later.

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