Topic: Why Altcoin are going down - page 2. (Read 305 times)
China is banning all cypro related trading resulting in the FUD. Plus the court case for TETHER. Thus resulting in the blood bath for all cryptos. Not just the main cyrptos, all coins are affected. Would forsee a downward trend in the coming weeks.
Sell. The market is collapsing.
The cold winter has arrived.
The cold winter has arrived.
this is normal in the market and in the world of crypto a deep decline makes panic everyone who has altcoin do not bring emotions to bear patience and hold prices up again
Currently, almost all of the cryptocurrencies suffer market crush and probably BTC is the baseline for it's drop in price which I think altcoins were directly proportional with BTC. If BTC will experience a downward trend then altcoins will usually follow. Anyways, I would have to suggest that you should hold it for a longer period while waiting for the bounce back of the market price as this will surely regain soon.
The entire market is crashing but the question you need to ask yourself is if you believe in the long term health and vision of crypto. If you do... either hold or even buy in more. Everything is on sale right now so buy Bitcoin, Ethereum, Neo, and Litecoin... then go shopping for low cap coins that have a big future like DeepOnion, Hive, Aion, and Walton.
If you don't believe in the future, then sell now and try to get back some of your loses. Buy... don't come back in two months because you'll likely regret it.
If you don't believe in the future, then sell now and try to get back some of your loses. Buy... don't come back in two months because you'll likely regret it.
The value of bitcoin gets lower also and since most of altcoins are connected on it, the tendency is it will reduce its value. Besides the pump and dump of a certain coin is very normal as it happens already past year. We just have to remain positive and hopeful that it will bloom again. Just keep holding and wait for it to flourish.
What are you talking about? Most of alts have risen 10x in the past month, and BTC dominance has collapsed to the historic low of 30% or so.
And now you are talking about alts going down? oh cmon, you are living in fantasyland?
Overall it's nothing really to freak out about, we all have our ups and downs.
And now you are talking about alts going down? oh cmon, you are living in fantasyland?
Overall it's nothing really to freak out about, we all have our ups and downs.
Bitcoin is taking a beating and it's affecting the whole market. The new money which was spent on bitcoins when it was above $15000 is now scared money and people are actually considering selling at a loss. This isn't a wise decision because the loss could end up being a profit if they held.
this is normal in the market and in the world of crypto a deep decline makes panic everyone who has altcoin do not bring emotions to bear patience and hold prices up again
we know that the situation like this already occurs a few times back on 2017,
but do you guys think we can survive now ?
but do you guys think we can survive now ?
investor confidence in cryptocurrency decreased
because China imposes restrictions on cryptocurrency
so investors from China sell all their crypto assets
because China imposes restrictions on cryptocurrency
so investors from China sell all their crypto assets
Altcoins are very dependent on Bitcoin cost. Due to the fact that the price of bitcoin is falling, the price of altcoins is also declining. Now there is a lot of negative news, which strongly influence the decrease in Bitcoin price. People in a panic sell bitcoin when they bought it at a cost above $ 14k. This is done specifically so that large players can buy bitcoin and altcoins at a low price. Keep your coins and do not sell. Once the big players are purchased, all the coins will start to grow in value. You just have to wait and you will make a profit.
All of decent altcoins will surely drop when the price of bitcoin crash this is what they called market crash but dont worry this is normal in cryptocurrency you just have to increase your patience and hold your coins and sometimes this is a big opportunity to invest while the prices are low
When bitcoin price going down, altcoin price will goin down too. When bitcoin price up, altcoin price will still going down. Altcoin price will goin up if more investors who invest in that coin. You hold coin or token? If you hold token then you can sell it but if you hold coin then I suggest you to hold it little bit longer. Usually token has no its own platform usually they use eth platform or waves platform when the contract is over then you should be careful.
Most alts are priced in bitcoin. When bitcoin drops therefore, the dollar value of alts drops too. This triggers stop losses set by the dollar amount. And it triggers selling by bots which have their criteria set in dollars.
That's why crashes in bitcoin always causes alt crashes.
That's why crashes in bitcoin always causes alt crashes.
The altcoins are all going down with no certain reasons except that they are severely affected by the extreme dump that is being experienced by Bitcoin right now. Actually it has started several days ago and although there were little increases along the way, the overall direction is going down. We all know for sure that when Bitcoin is severely dumping in value, the altcoins will also be affected. Bitcoin is the face crypto and its failure will, to a significant extent, affect the rest of the altcoins. But there will definitely be a comeback in the days to come so I would say you just hold on to your coins.
Well these are times to test the patience and will of investors in cryptocurrencies. selling depends on you,if you need money badly then you can sell off rather see the amount you could have sold off slashed off.If you have money to live on,then hodl because this will never last long.Market recovery will occur very soon.
Why would you sell it?
If you want to get more profit don't follow what others people do because they have various purpose why they sell their coins, if you think that you can get a profit if you sell now, why not.? if it's not just hold it until the price rise again.
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