It's because of increase in total supply of bitcoin,
ethereum and bitcoin cash.
Altcoin price drop down too because many people are investigating on bitcoin being the pillar of other cryptocurrency.
Topic: what causes the price of altcoin down? - page 9. (Read 4164 times)
The market is falling, the altcoin will normally fall, or there might be an ever increasing number of monetary standards in the market, maybe the diminishment of free market activity, maybe identified with whales, these are my own theories, all things considered, such a major market, not all that simple to see through.
Man bitcoin wild ups and down cause it all. Imagine if we suddenly go up for about 10% all alts almost will bleed too, people will chase BTC, that's the same if BTC goes down. people will hedge into fiat with selling theirs alts into btc into fiat.
Cash is spent just to haul down the value so they can purchase the less expensive coins. Now and then you can't trust these enormous bitcoin organizations its fair them that made these news to play the littler financial specialists. In the event that you frenzy and offer the tokens you hold, you unquestionably lose the cash you have.
Now, there are a lot of worthy, promising crypts. Which appear more and more often. And they create colossal competition for others.
It depends on Altcoin for its future project.
If the future project is good then I make sure that the Altcoins price will rise.
But if you don't have a vision and mission for the future, the price will continue to go down and down to the bottom.
If the future project is good then I make sure that the Altcoins price will rise.
But if you don't have a vision and mission for the future, the price will continue to go down and down to the bottom.
I think that large players from the stock market came to the market of crypto currency.
And they started their dirty manipulation with the goal of earning as much money as possible.
And they started their dirty manipulation with the goal of earning as much money as possible.
I think it is totally effected by negative peoples and it depends on Bitcoin. If Bitcoin down price of altcoin is also down.
If I personally think the price of altcoins dropped was due to the decline in the price of bitcoin,
because I think the price of the altcoin depends on the price of bitcoin,
so if the price of bitcoin goes up then the altcoin will also go up and vice versa too
because I think the price of the altcoin depends on the price of bitcoin,
so if the price of bitcoin goes up then the altcoin will also go up and vice versa too
My opinion is probably a flaw. After all, many not bad crypto-currencies are falling in the market due to their shortage. It seems to be a good indicator and not a bad functional base. But small unfinished things. Do not give a full rise and develop a crypt.
I think the entire of the market price go down so that the altcoin price affected or maybe people are dumping the altcoin so the price go down...The price continues to decline its because the negative issues..
negative issue? Crypto world is currently being hit by a negative issue?
Everything falls as there tells our great bitcoin and until it starts to show significant signs of life, we will not see the growth of this entire industry ! So enjoy the profit and wait )
I think that at the current state of Affairs in the market of people buying bitcoin. Altcoins falling even more because of this. Plus long time no fundamental good news from the world of cryptocurrency. By the end of March, the drop should go into growth, but these are my personal opinion
I think the entire of the market price go down so that the altcoin price affected or maybe people are dumping the altcoin so the price go down...The price continues to decline its because the negative issues..
The price of the alt coins are affected by the price of the bitcoins.
I can't explain the price reduction for altcoin accurately and reasonably, but based on the articles on the Internet and the analysis of more knowledgeable people, the price reduction is affected by the price increase for bitcoin. And the growth of the dollar also has a negative impact on the cost of altcoin.
I strongly believe that when the price of BITCOIN is up again then all other altcoins in the market place will moon as well. I stop checking my portfolio as I am much into long term hodling of many altcoins am having. I hope the market normalize back quickly.
Ini my opinion, there are several reasons that cause this altcoin price to fall. First, it might be a crypto currency business cycle. At the beginning of the year towards mid-year, prices will tend to decline then in the middle of the year towards the end of the year, prices will rise and will reach a peak at the end of the year. Second, the imbalance between crypto currency supply and demand because the market is not too active and crowded. This is caused by the majority of crypto currency players just choosing a safe zone by being a passive player that is simply holding the coin without making changes. In addition, this imbalance in supply and demand is due to panic, for example panic selling on a large scale or panic buying on a large scale.
My opinion of altcoins cheap price is because of the major bearish market that has seen bitcoin lose over 50% of its ATH value and therefore directly affects altcoins since their fate is also tied to bitcoin. It can be a good time to buy but the market can get dipper even if you buy the dip now. Let's hope for market recovery.
There are several reasons for such dramatic market
1. Regulation - Market is going under govenrment regulation
2. Luck of new investments - new people do not come to crypto
3. Banks are dumping prices for showing unstability of industry
1. Regulation - Market is going under govenrment regulation
2. Luck of new investments - new people do not come to crypto
3. Banks are dumping prices for showing unstability of industry
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