Why altcoin price down during this week? What are the reason? - page 2.

hajimasan

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Quote from: endaiin on June 25, 2017, 05:40:52 PM

Why altcoin price down during this week? What are the reason? Huh

The main reason of the down in the price is not a single factor .
Here I have three different different reasons that why the price of the altcoins goes down in.the week .
1) The ico attracted the people more , so few of the Bitcoiner sold the altcoin and invested in the ico , results into down price .
2) Increase in the price of the Bitcoin , so to complete the demand of the Bitcoin they sold the altcoins .
3) The big movement of the Bitcoin legalisation is going on in the whole world , currently many of the countries the new new news are coming and saying that Bitcoin will legalise soon , this made the increase in the demand of btc and many of the people bought Bitcoin .
So to go behind the Bitcoin and increase in demand made the down of the investment in the cryptocurremcy market mainly for the altcoins .

Oilacris

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Quote from: endaiin on June 25, 2017, 05:40:52 PM

Why altcoin price down during this week? What are the reason? Huh

No one knows but we can just simple tell that there are trader who do sell their particular coin which causes for a coin to dump its price or been decreased its just a simple supply and demand thing after all.There might be some concrete reasons but i dont have much time on knowing them the important thing is that you do know how to exit and to enter again.

Eric Cartman

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because they mostly follow BTC, that is falling too

Fioraver

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which altcoin were you talking?

i see the LTC is rising endlessly

CraigWrightBTC

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Quote from: endaiin on June 25, 2017, 05:40:52 PM

Why altcoin price down during this week? What are the reason? Huh

Well i think the altcoins price down because of bitcoins price is down trend too
so the people who hold the altcoins sell them to bitcoins and exchange bitcoins to fiat money,
they are saving their funds on fiat currency because fiat currency is the most stable than digital currencies.

gatorNic

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I mean he kinda looks like he might die if he doesn't eat a sandwich soon. Grin

Gaman

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The crash by ethereum is due to fake news that the founder died.

https://steemit.com/ethereum/@gaman/the-reason-for-the-massive-sell-off-in-ethereum

xuan87

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This is a very common and will always be repeated, alt coin is only depends on trading to survive because the usage of alt coin still very little, so the price is really only based in the pump and dump from some group, so it'sa common thing to see all the price falling down suddenly, the investors is trying to build momentum, the price will go up again soon

gokayc

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Quote from: endaiin on June 25, 2017, 05:40:52 PM

Why altcoin price down during this week? What are the reason? Huh

This is a just typical movement for altcoins. Not only for altcoins also as you can see same things happening for bitcoin too. Just normal ups and downs. Don't panic and be patience. Soon they must get back.

grim789

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Quote from: endaiin on June 25, 2017, 05:40:52 PM

Why altcoin price down during this week? What are the reason? Huh

It's just people taking profit. Just hold now cause it will go back up plus it's the weekend typically the prices drop on the weekends.

xiaohang07

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Due to Ethereum's crazy congestion.

headachy

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Just taking profits and shaking weak hands so the prices fall down. The money flows back into crypto in a few days.

JeffBrad12

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Quote from: endaiin on June 25, 2017, 05:40:52 PM

Why altcoin price down during this week? What are the reason? Huh

There is no reason for this dump, I think the traders are trying to cash out their profit, and just waiting for another moment to get in again. You know that a lot of the red candle in every altcoin(included bitcoin too) It looks just a usual thing in crypto. If you already pumped and it will be significantly dumped as fast as possible. Don't worry about that. If you can buy them at the right price and you will be able to gain a lot of profit in the future.
This is just the matter of time until all of the cryptos get pump again.

passwordnow

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The same thing with bitcoin, law of supply and demand. After those people holding their respective alt coins are good with the profit so they started to sell that made the price low.

endaiin

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Why altcoin price down during this week? What are the reason? Huh

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