what causes the price of altcoin down? - page 41.

Rangga27

full member

Activity: 392

Merit: 102

Quote from: lobo13hf on March 09, 2018, 06:03:00 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.

It caused by the bearish trend of crypto, the bearish trend was created by the bitcoin itself. And the bitcoin gets big dump by mtgox trustee worth about 35k bitcoin and 35k bitcoin cash. That's why the market was dying. This looks a good time at least you can buy altcoin with discount. But just try to watch the japan news. There is remaining amount of bitcoin worth 161k bitcoin again. But the court will try to manage it.

thanks for the information, i will try to buy some altcoin today

cryptamod

member

Activity: 196

Merit: 10

Quote from: Bytem3 on March 09, 2018, 06:35:25 PM

There was a lot of FUD around "Binance Hack" and mixed signals US Regulators were sending.

I really hope we are not going sub $7,000 again, but I think that won't happen

FUD? it aint a FUD is was really happened,read the official statement of binance they have called the attackers a hackers would that be a FUD?
API failure was just an excuse because binance's repuation would be questionable that is why they blamed those bots ? do you really know what you are talking about? phishing is one type of a hacking technique for your information Undecided

Bytem3

full member

Activity: 602

Merit: 107

There was a lot of FUD around "Binance Hack" and mixed signals US Regulators were sending.

I really hope we are not going sub $7,000 again, but I think that won't happen

deepcryptomine

full member

Activity: 392

Merit: 101

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.

Usui-Chan

full member

Activity: 224

Merit: 100

It depends primarily on the price of bitcoin and sometimes ethereum too. People with huge popularities can also influence people regarding altcoins. The law of supply and demand can also affect altcoins' prices.

Matdog

copper member

Activity: 462

Merit: 100

Quote from: Rangga27 on March 09, 2018, 05:57:16 PM

Quote from: Tstar on March 09, 2018, 04:54:40 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.

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?

This could be because many the issue of the issue of negative from various State, but I also think maybe this happen because the increasing amount of bitcoin etherum and bitcoin money
I believe prices have down because the opportunity to have more bitcoins and increase the number of miners of bitcoin

lobo13hf

hero member

Activity: 2268

Merit: 507

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.

It caused by the bearish trend of crypto, the bearish trend was created by the bitcoin itself. And the bitcoin gets big dump by mtgox trustee worth about 35k bitcoin and 35k bitcoin cash. That's why the market was dying. This looks a good time at least you can buy altcoin with discount. But just try to watch the japan news. There is remaining amount of bitcoin worth 161k bitcoin again. But the court will try to manage it.

Rangga27

full member

Activity: 392

Merit: 102

Quote from: Tstar on March 09, 2018, 04:54:40 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.

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?

Tstar

legendary

Activity: 1176

Merit: 1005

Decentralized Asset Management Platform

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.

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.

OluwaTosin10

jr. member

Activity: 546

Merit: 4

I think it’s because of the increase in total supply of the bitcoin etherum and bitcoin cash
I believe the price been down is an opportunity to own more bitcoins
And it is also a reflection of the amount of miners of bitcoin

We can relax and store in more bitcoin and altcoin and also more importantly hodl our tokens
Because steadily the prices of bitcoin will moon
And the prices of alt coin will follow too

Rangga27

full member

Activity: 392

Merit: 102

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

Topic: what causes the price of altcoin down? - page 41. (Read 4195 times)