What the hell is going on with altcoins right now?

Kolokoy

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Quote from: superknowa on January 14, 2018, 10:21:23 AM

Why is everything going down atm? Everywhere is red on coinmarketcap and everything is falling, altcoins losing their worth. What is the reason for this?

when Bitcoin loses it's price value then almost every altcoin's will drive down as well because most of the altcoins are being paired by Bitcoin and not by USD.
So, people aren't seeing the worst when Bitcoin dips but instead they invest more while the price value are cheaper than before because the crypto market will soon recover back to it's highest market capitalization.

radar19

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Quote from: superknowa on January 14, 2018, 10:21:23 AM

Why is everything going down atm? Everywhere is red on coinmarketcap and everything is falling, altcoins losing their worth. What is the reason for this?

this is bear market, my friend. if you think that everyone loses this period then you're wrong. Big fishes (sharks) know how to make a looooot of money now.

wayaneka

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Mostly all cryptocurrency down more than 50% from highest price, and this because too many bad news at the same times. But i believe will be any times for cryptocurrency to growing back and to ATH again like before. Now market need good news related cryptocurrency to increasing the volume and demand.

raymart0720

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ITS time for shopping hahahhaha yesterday I have funds came from my old wallet which contains PKT token ahhahaha
and I make .007 bitcoin which I used to buy some red blood tokens hopefully it will rise haha I can't wait for that moment Grin
I suggest to buy now and hold for long time especially TRX DCN haha and I bought some altcoins price is 1satoshi hahaha

ngalamunan

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Quote from: superknowa on January 14, 2018, 10:21:23 AM

Why is everything going down atm? Everywhere is red on coinmarketcap and everything is falling, altcoins losing their worth. What is the reason for this?

I think we also know that the value of the virtual currency can not be ascertained exactly because there are no guidelines or rules that can ensure the value of the virtual currency when investing

MartexMoon

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All normal, and just remember that the Chinese New Year is gonna be celebrated on February, 16th.
During the weeks before the Chinese New Year, they avoid any kind of negotiation involving money, cos they think it gives bad luck.
So expect a new influx of money from the Chineses after February, 16th.

yokai21

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All of my Altcoins are worth three days now but I still have confidence in my coins and I believe they will roll over again and surpass the price that went up last week. Just hold your coin as they fall because we have no other option to do.

KevenDabid

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Just because the increase was too big, and South Korea has a fake news that it intends to close exchanges, China is prepared to further restrict the flow of money into the cryptocurrency market.

senin

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Crypto currency can not constantly grow in price. During the period of recovery, there should necessarily be a decline in price. It's absolutely normal and it's always been like this. Therefore, you do not need to panic, but you need to be patient and wait for the next high point. Moreover, the state of the crypto currency market is always influenced by many factors.

sinduarianto

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which is happening in Bitcoin now is a lot of people who use Altcoin and Altcoin prices are currently on the rise, especially the price of Ethereum soaring.

tungnguyen224

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I think they call that's bitcoin's correction.

Crypington

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Most alt coins are in the red but Ethereum is flat. Perhaps a sign that people are shifting their portfolio to take advantage of EtherZero?

nakamote

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Probably there are some FUDs spreading if theres none,a big even will come that has negative impact to BTC's price for example korea will ban cryptocurrency trading it will result for the traders to panic selling.

Hemady17

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This is pretty normal in trading cycle day. As the investor sense that the price is to high many of of the holder will tend to sell their keep (profit taking). We'll the thing is the timing on how to sell and buy your altcoins.

cryptoamumu

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Probably people cashing out and taking profits. To be expected as everything was pumping a week ago. Good time to buy some more altcoins now.

bitcoinhunter1221

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My portfolio seems to be red also. Most of my coins are going down. But I think there's nothing to worry about because it's just because of some bug token holders sold their tokens. Things will just go back to normal.

cryptoux

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Probably the big players starting to come out to the cryptocurrencies,because today the market is too volatile,declining of the total market cap is alarming but its how the market reacts to what BTC does.

Hilde X

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Dont forget about this whole South Korea thing. They are so into crypto and then their minister of justice speculates about a ban... which wont come, but many people paniced or at least didnt buy.

https://www.ccn.com/koreas-opposition-party-rallies-proposed-cryptocurrency-trading-ban/

https://www.ccn.com/south-koreas-cryptocurrency-fiasco-is-fueling-a-political-conflict/

iigor

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I think it is just the weekend, the markets are working, but many people are resting. Less trading is happening over the weekend and it is common to see drops like that Saturday and Sunday.

dinoloverpete

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Quote from: superknowa on January 14, 2018, 10:21:23 AM

Why is everything going down atm? Everywhere is red on coinmarketcap and everything is falling, altcoins losing their worth. What is the reason for this?

I think it's a combination between a correction and the uncertainty over the situation in south korea, whether or not they will ban all cryptocurrency trading or if it is some misunderstanding.

Topic: What the hell is going on with altcoins right now? (Read 543 times)