why all coins are dropping? - page 45.

siap86

newbie

Activity: 210

Merit: 0

Quote from: tutchpa on January 17, 2018, 04:39:44 AM

any body know the reason for current drop?

I think when bitcoin falls, all coins will have an impact. Why? Because they are in the same habitat, that is cryptocurrency.
In the future if you want the value of coin has a price stability, it needs innovation and investment guarantee to anyone who has it.

JoniPopens

member

Activity: 182

Merit: 10

The crypto-currency market, with the exception of a few coins, returned to the range that dominated last week. The unsuccessful rally attempt was interrupted by a sudden surge. One of the winners is Ethereum, which, after a wearisome period of weakness, close to a "failure", finally shows signs of relative strength.

While some analysts associate today's sale with tightening US sanctions against Russia, which caused riots in related markets, technical indicators remain the dominant factor in this segment, and despite the rebound, the downtrend is still intact. In the upcoming period, the long-term picture indicates the establishment of the bottom, the current trading range may become part of the bottom, so short-term traders must wait for a break above the key resistance levels for entry. Before this, one should not open new trading positions, and investors can replenish their stocks.

thaoco.codai865

newbie

Activity: 98

Merit: 0

The reason for current drop is mainly manipulation. Bitcoin has become the toast of every investors worldwide and many big guys are afraid of losing control. Most of these big guys have been selling their stash and market keep absorbing their dump. It is their loss.

rufus59

jr. member

Activity: 151

Merit: 1

This is simply the market cycle; it a healthy dump; after the hard bull run of 2017 and early 2018; the dump is necessary

Mark X

jr. member

Activity: 91

Merit: 2

One of the causes of all falling coins is due to a new German rule on cryptocurrency.
Germany as one of the strongest countries in Europe, especially after the United Kingdom out of the European Union, will issue a policy related to Cryptocurrency. They want to set the circulation of Cryptocurrency globally just like a new currency rate at International level. For that Germany will not allow Cryptocurrency circulation if not there is a global agreement that agrees on a fixed exchange rate for Cryptocurrency. The problem is, there is no similar intention from other countries, even China seems to ignore the German invitation. As a result, Cryptocurrency circulation in the European market is also slowing down. Although it also does not prohibit it.That's why all the coins fall.

Eddieboy

newbie

Activity: 36

Merit: 0

Some coins and altcoins are mostly correlated to king bitcoin, thats the no 1 reason. If king bitcoin going down/ or bearish, expect that other coins and altcoins will going down also vice versa if btc will goin up/ or bullish, other coins and altcoins will up also, they will follow the leader😎..

That's my tip also for those who are in trading, use correlated method👍👌

Remember, if king bitcoin's price 1% changed (either up/down), 2-3% for those correlated coins' and altcoins' price. 💯👍

qiman

hero member

Activity: 1036

Merit: 504

Many people just dumping and panicking and are impatient because the big money has been shoring Bitcoin on Bitfinex and through futures contracts which created this meltdown cycle to happen since January. Now everyone is saying that this is the bottom of this cycle right now and we have reached capitulation point and the only way is up. I am not yet convinced of that. Unless I see Bitcoin go through the 12k usd resistance barrier I will not be convinced of any bull run happening or in the making just yet.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

The prices are dropping because many of the users who had purchased Bitcoin at very low prices are selling them now. Just 18 months ago, the exchange rates were hovering at around $1,000 per coin.

iancortis

full member

Activity: 602

Merit: 105

i think market this month will going up.. breaking those resistance is a sign that market getting recover. aslo alts will up. and dropping a few months ago i think its normal because most alts join the ride of a bitcoin and ethereum.

lalatao71

newbie

Activity: 41

Merit: 0

I think bears are affecting the market again. That seems pretty obvious, because since March, the market had been stable, on the strength of a couple of weeks. And so have him the fall, then growth, on all positions.

tterrorpipa

jr. member

Activity: 322

Merit: 1

We are just in the second quarter of the year, expect that the coins and altcoins will go below of its price from end of 2017. As we can see the track price of year 2017 in second quarter, the coins and tokens were also suffering from the dip. Other reason for it, is that the coins and tokens price are affected by the drop price of ethereum and bitcoin price. When bitcoin and ethereum price falls, then so as the coins and altcoins.

Mancung

newbie

Activity: 154

Merit: 0

It following the trends of bitcoin and ethereum i think.. As the main two leaders of cryptocurrencies, BTC and ETH prices are having a big influence to other altcoins. As the markets are down too recently, i think its normal why all coins are dropping too. Experts said that it might bounces back after this summer, lets hope so guys..

zhanghoqi5

newbie

Activity: 224

Merit: 0

There may be many reasons, but I'm sure it won't last long, so we need to be patient enough.

But in any case, it is perfectly normal for markets to fall after strong growth.

yhnshjka

newbie

Activity: 100

Merit: 0

It could be that bitcoin, including all the encrypted currencies, has risen too fast. Plus whale sales. And lots of retail sales.

dinhanh069

newbie

Activity: 73

Merit: 0

Many coins are long and swiftly dispersed in 2017, now it is logically possible to expect their fall, because the reasons for which they grow are long compared to the rapid growth, and the inertia, because of which growth continues, is gradually weakening like any inertia.

timfish

newbie

Activity: 41

Merit: 0

Quote from: King Bounty on January 17, 2018, 04:43:16 AM

probably because the price of bitcoin and ethereum goes down so people sell their altcoin to switch to bitcoin or ethereum, and that's why altcoin prices go down, and bitcoin and ethereum prices go down because those who sell them panic when they see bitcoin and ethereum go down a bit and sell it straight away for fear it will not rise again (according to my prediction).

Yeah, Less people are trading, more people are holding, waiting for a positive change. Since most altcoins depend basically on BTC and ETH, a drop in the price of both will after all.

Asuspawer09

sr. member

Activity: 1820

Merit: 436

Probably, it is due to the natural market volatility. What we should focus more at this moment is holding. Once the market starts to recover, huge profit will surely be earned. Investors may also consider investing at this moment because it would be an advantage especially if the price of the cryptos are again at their peak just like last year

Henry Sy

member

Activity: 193

Merit: 83

Quote from: tutchpa on January 17, 2018, 04:39:44 AM

any body know the reason for current drop?

the present value drop is a characteristic thing. as we as a whole know, bitcoin and altcoin costs are never steady. since the cost relies upon the customer itself

blankpaladin

newbie

Activity: 210

Merit: 0

Maybe because of lots of new projects. Also, there was a lot of supplies versus of demands in the market. Supplies and demands will greatly affect the market value. That was my own opinion. Law of supply and demand.

radjie

sr. member

Activity: 1792

Merit: 264

Crypto market is highly volatile, and of course can be influenced by the value of coins that are already trusted by investors (bitcoin), when bitcoin prices decrease automatically altcoin value must have the same thing, therefore bitcoin is the main horn of the market cryptocurrency

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