any body know the reason for current drop?
Maybe then the announcement about the ban on social media started a mass panic. Not easy to restore at the highest point because at this time maybe people will be more careful to enter in cryptocurrency.
Topic: why all coins are dropping? - page 61. (Read 221989 times)
Maybe then the announcement about the ban on social media started a mass panic. Not easy to restore at the highest point because at this time maybe people will be more careful to enter in cryptocurrency.
Evaluating crypto-currency is not so easy. Only seeing the price graph is not enough. Luck is 40%. Market prediction by seeing the graph or using technical software is 30%. Experience 30%.
More than 90 % altcoin are scam. So be very careful.
The price of crypto-currency is increasing that does not mean it is good thing for long term investment. I left these for your decision. Learn, understand then invest in it. No-one knows the future, use your wise sense of judgement.There are many agents who will tell you to buy crypto-currency so that the price goes high and big investors can utilize this by selling their crypto-currency. I think, now it is clear to you how it works and why people (agents/investors) are always telling to buy and hold crypto-currency.
“Don’t buy crypto-currencies in a hurry for a high price, wait for the right time.” I think you have got your answer, I generally don’t get time to write here but i give most trading tips while answering questions.
More than 90 % altcoin are scam. So be very careful.
The price of crypto-currency is increasing that does not mean it is good thing for long term investment. I left these for your decision. Learn, understand then invest in it. No-one knows the future, use your wise sense of judgement.There are many agents who will tell you to buy crypto-currency so that the price goes high and big investors can utilize this by selling their crypto-currency. I think, now it is clear to you how it works and why people (agents/investors) are always telling to buy and hold crypto-currency.
“Don’t buy crypto-currencies in a hurry for a high price, wait for the right time.” I think you have got your answer, I generally don’t get time to write here but i give most trading tips while answering questions.
I'm guessing that some countries have decided to block the coding currency that most investors worry about the future of cryptographers and they sell it in a hurry. At that time, digital currency was depreciated.
It is also possible that the Bitcoin electronic money king has decided to reduce the price to self-regulate the market making all kinds of digital currency discounts. Bitcoin will stabilize and recover higher and higher ... other currencies will not keep pace with the fluctuation of Bitcoin ...
But all the up or down fluctuations of this market are only temporary. They will stabilize and increase again.
It is also possible that the Bitcoin electronic money king has decided to reduce the price to self-regulate the market making all kinds of digital currency discounts. Bitcoin will stabilize and recover higher and higher ... other currencies will not keep pace with the fluctuation of Bitcoin ...
But all the up or down fluctuations of this market are only temporary. They will stabilize and increase again.
Nowadays bitcoin is stucked on $8k and it means that altcoin are probably stucked, at my opinion people have started panic selling again and it causing those drops.
But please explain to me if btc prices can be so easily manipulated by fud, how people can still use TA to explain upcoming downward or upward movements? What's the point to use TA when in fact it is so volatile because of events that influence price that quickly.
And my 2nd question. If part of the volatility is based on the fact that btc is paired to almost every altcoin, why aren't exchanges working their asses off to get more pairs up in the air. Technically is should be quite easy to implement I assume, so why wasn't it implemented already? How come only pairs like eth and ltc are set in place..?
And my 2nd question. If part of the volatility is based on the fact that btc is paired to almost every altcoin, why aren't exchanges working their asses off to get more pairs up in the air. Technically is should be quite easy to implement I assume, so why wasn't it implemented already? How come only pairs like eth and ltc are set in place..?
hi, this is the normal life of market, it is going down and up, somepeople are able to infuence market, among news paper and powerfull people, so usal life
Every weekend expect a little drop but bitcoin is also dropping thats why every altcoins are dropping so low but i suggest just hold everything in your portfolio if you have a chance or you have more bitcoin , you should buy always buy at the dip.
I do not knoe the reason but that situation is normal only in crypro world sometimes the price goes up and sometimes the price goes down also and if you know that trick you buy more and hold for long term when the price deep down and sell it when the price goes up again.
Its easy to explain these. Allmost all altcoins out there are traded and paired against bitcoins. So just a few amount of them is paired with usd or other fiat currency. So when the bitcoin price is going down, people think that the coin value is going down. But they dont get it that they have to watch the satoshi price of their coin and not the usd or other fiat currency price. So bitcoin price is going down, people are scared, they get in panic and they sell immidiately. Everybody is following that and thats why the price of the altcoins sinks more!
The crypto market is currently very unpredictable and anything is expected of it, there are some slight upward movement but that doesn't mean we are officially past the red zone. The market will recover, but at a gradual pace, and over a period of time.
Yes thats right we cannot know what will happen in the next period of time because cryptocurrency are so unpredictable anytime the price can be increase or decrease so dont be mad if you see the marketare in red blooded situation this is a good opportunity to buy an altcoin in a dump period.
The crypto market is currently very unpredictable and anything is expected of it, there are some slight upward movement but that doesn't mean we are officially past the red zone. The market will recover, but at a gradual pace, and over a period of time.
I think because of selling people in trading site and all people in trading site are greedy to sell and to convert to bitcoin and cash out.
Market even more volatile than last year. I am really waiting every day for the market to go bull. Chartwise they managed to mess up the market completely but that does not change the fact that there is plenty of money on the fence and little investment in the market based on credit. Was funny when that 100 mil btc contract selling at 10K got called.
any body know the reason for current drop?
All coin prices fall because of a large number of investors who sell their coins at low prices. Surely this greatly affects the coin and eventually, the coins can fall in price. But now the price of all the coins has begun to improve and is likely to rise steadily until the end of this year.
Bitcoin down in value, surely other coins will decrease in value and also will not take long when the coin value is low,
it will rise later.
most likely, because altcoin depends on Bitcoin value even thought it is part of cryptocurrency but Bitcoin is cryptocurrency dominant with high value.
it will rise later.
most likely, because altcoin depends on Bitcoin value even thought it is part of cryptocurrency but Bitcoin is cryptocurrency dominant with high value.
These are the regular cryptomarket price fluctuations,it happens every time.This is not forex or stockmarket,this is crypto,you will soon get used to it.Try to buy now when it is cheap.
because many people sell bitcoin than people who buy bitcoin, so bitcoin prices fall to low levels.
The prices in this space seem to be mainly driven by news, people either buy or sell the news. If you do a bit research you find that the rumours about the news about the BING (Microsoft) ban had some negative impact a few days ago and now there is an investigation in South Korea. In addition the MT Gox sell off has affected the market overall.
Bitcoin is a barometer of all coins called also as the mother of all coins. If Bitcoin drops then almost most of the coins circulating in the crypto market will definitely go down. Many causes of Bitcoin down one of them is a negative issue that spreads in the crypto world. That's why some investors sell their Bitcoin. All that causes people to come to sell Bitcoin as well and it makes the price of Bitcoin getting down. 
Without decreasing its price, it is not possible for all altcoin to increase their price. I have seen many drops like this before but bought them and sold them at higher price. Don't bother about the market and it is right time to buy them in the market.
the bad news circulation in some media outlets, the introduction of new coins in the market which make people to diverted some their coins and the speculation of banning bitcoin of some countries i think is considered as reason why bitcoin market falls.
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