Topic: what is reason behind fallen price of Altcoins? (Read 554 times)

at the moment everything is green, do not worry, falling is a matter of time

The reason of all altcoins fall was the growing interest of all people to Bitcoin. I would better say it was something crazy fuss and hype about BTC these days, which caused some dip of alts. Nothing unusual 

There is a huge divergence on the bitcoin if you look at the charts. Meaning that price has gone up too much too early. Price of alts is inversely proportional to the price of alts. The more jumps bitcoin makes the more alts will go to the floor. But there is one interesting thing here, if you observe the price of ETH in USD, its holding good at about 400USD and above.

I think that the main reason of fallen price of alts is raising bitcoin. People not need to by alts cos bitcoin makes +1000$ per day

One of the biggest errors new investors make in crypto is assuming that all coins will just rise.
When they go to coinmarketcap and see tons of red, they get confused and make panic decisions.

Crypto has no inherent value.
The valuations you see on coinmarketcap is just an average of the buy/sell price that people have put up on exchanges.

The reason why price corrections are so common is that, after a certain point, people are just unwilling to buy a coin at a certain price and this starts to drive prices down.

In addition to this, the entire crypto market is oversaturated and in a bubble state.

Although we see lots of new money coming in to btc, that doesn't translate to it going into alts.  There just isn't enough money in alts to sustain growth for all of them so this next year, expect to see a lot of the top 30 coins crash and burn.

I'm also holding and waiting bitcoin's main rise wave to stop and finally then alt coins will start rising. Many alt coins dropped very sharply unfortunately. Let's see what happens with bitcoin's fall.

One of the reasons behind the fallen price of Altcoins is the soaring price of bitcoin. We understand that the digital currency in vogue with most people for transactions as well as the investors is bitcoin. This understandably causes the diminution of the use of altcoin and consequently the fall in its value.

The most recent update in news shows that bitcoin value is soaring as high as 15000$. This does not necessarily mean that people stop using and investing in altcoin but the interest and dependency on altcoin will fall. This reduced interest certainly contributes to lack of interest in the investors which will in the long run lead once again to further reduction in the dependency on altcoin for transaction.

This inverse proportionality is not always true. There are times when even though the bitcoin value soars up the value of altcoin will improve or remain constant. This happens especially with certain altcoins that when they are in more demand against a euro or a dollar their value simply does not fall.

An altcoin worth about 500$ will always help for easier and simpler direct transactions. This argument points out to the fact that many people can prefer using an altcoin as a whole for smaller transactions compared to the fractions of a bitcoin whose value is very high comparatively. This preference will certainly keep people wanting the use of altcoin against a dollar or euro or even a bitcoin.

What is more important is that an alternate currency to that of bitcoin is always necessary and will keep the digital currency transactions flowing. This multidimensional approach will certainly benefit people for making transactions with more and better options. A certain section of people will always push for the altcoin against a bitcoin trying to catch up with the latter in terms of value or/and utilize the altcoin better for its present value.

This is a direct result of the surge once again in Bitcoin. The problem is that the public has only heard about bitcoin. This is the reason.

When bitcoin draws the entire market's attention with a pump this happens. People tend to sell their altcoins to try and ride the btc wave (and then return). Its a cycle that keeps repeating itself, but trying to time it is very hard, and many people lose a big portion of their stack trying to do so.

This is cause of fake tethers. Fake tether published and they buy bitcoin with these tethers.
Then people start to sell altcoins to buy bitcoin to get profit from rising trend.
this is going to end in really bad way.

Bitcoin forks don't seem to be the reason. That frenzy has already passed. Its mostly because of the sudden increase in media exposure (everyone in my family has now heard of it), these people FOMOing and buying into BTC leading to exponential price increases and the big holders of alt-coins (bagholders) taking the opportunity to cash out.
On the positive side, it may lead to better distribution of the coins while the smaller investors may lose if they never come back up.

The reason behind recent fall in altcoin is kinda obvious. Bitcoin increased so fast and unexpectedly all investors wanted to invest in bitcoin. So they dumped their alt coins to be able to buy bitcoin. That caused a sharp fall in some alt coins but i think things will level soon. It always does.

Many altcoins are getting rekt, I'm holding though. In my opinion, all altcoins went down because of Bitcoin, but I believe altcoin will rebound there is nothing to worry. In other hands, this is a great time to accumulate more altcoins because the price is pretty low.

Rightly said. Its easy to lose sight of your own end game. I bought in some BTC with Fiat and then exchanged almost all of it for alts on exchanges believing their fantastic sounding ideas and all the fan-fare (which i still want to believe).
The Alts are bleeding and i am down BTC wise but still up fiat-wise. I can just cash-out but i have mostly invested in alts that i found interesting and really want to see them succeed. So I have decided to keep them put and wait for the BTC bull-run to consolidate.

Thats my end game. The alt-coins are all pegged against BTC as most people buy them with BTC and not with real fiat money. I also think that a lot of the founders and the teams decide to dump their coin and get BTC so they can have more funds at hand.

This isn't really bad as the team gets more resources and you get cheaper alts (vis-avis BTC) to hold for later and profit from if the team delivers at a later date. If the team doesn't and just laughs its way to the bank with all that BTC, well then, that has been the falling of ICOs and Alts since the beginning. In that case, as usual, we the common investors are fucked.!! But hey, lets be positive..

sure this is crypto market.

but at the moment the reasons are the bitcoin forks (superbitcoin, bitcoin god). people expect free money.
thats why the price is so high.....eth lost value because blockchain is slow now

Could be a number of reasons this is happening, traders are buying selling and investing elsewhere, perhaps going to Bitcoin for example because they see it on a rise.

I heard wallstreet is joining our community they are pouring a lot of money right now so thats the reason why the BTC price increased and alts bleeds hard.

I think the reason because now people trying to buy bitcoin and push it up. I will be decreased when it gets high enough then altcoins price will be increased again.

Actually there are so many reason whythe value of certain altcoin falls back. One is that maybe there's a change in the market. Another is that maybe there are small number of stock-holders or there's only few who invested. and maybe their projects are not that firm enough.

Because of the BTC price surges fast,the alts are liretally conencted to the value of alts,because alts are measured in satoshi thats why most of the alts bleed when BTC moves.