Topic: Why are altcoins still dropping in price - page 16. (Read 2194 times)
Because all, who have altcoins waiting for Chineis New Year, which will be on Wednesnday, so, it is normal if price of alts will drop to this time
as you know, cryptocurrency is a new market in the world. there are many investors do not have enough knowledge and information. they just buy based on the recommendation of friends, colleagues,.. So, they are easy to sell in panic when there are some fake news in the market. I believe that the market will recover soon when the investors realize that they are scammed by communications.
manny reason: Market capitalisation is an inexact measure of cryptocurrencies (as Business Insider Australia's Sam Jacobs has outlined), but it at least gives a good idea of the scale of the ongoing sell-off.
The crypto market has been on the back foot since the start of the year, hit by fears of a regulatory crackdown and slipping Asian volumes. Bitcoin is now at less than half its December peak of over $19,000.
More concerns have emerged about the sector this week as Facebook banned cryptocurrency advertisements and US regulators began investigating tether, a cryptocurrency that some fear has been used to inflate the value of bitcoin.
India's finance minister also said this week that the Indian government "does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system."
and Altcoins's price depend on bitcoin's price.
The crypto market has been on the back foot since the start of the year, hit by fears of a regulatory crackdown and slipping Asian volumes. Bitcoin is now at less than half its December peak of over $19,000.
More concerns have emerged about the sector this week as Facebook banned cryptocurrency advertisements and US regulators began investigating tether, a cryptocurrency that some fear has been used to inflate the value of bitcoin.
India's finance minister also said this week that the Indian government "does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system."
and Altcoins's price depend on bitcoin's price.
The market will probably go back up!
Let them drop i dont think its going much farther down. Then ATH
Altcoins will begin to grow only after the situation on the market stabilizes and bitcoin again starts to steadily go up. Until then, the altcoin will be unpredictable.
Accept it or not, we are in the bear market already. It's very expected move by altcoins. Especially those that you write, they were classic pump & dump coins. Nobody care about them in the long run. They will die eventually. Investors were in them because of quick profit opportunities.
It's simple, capitalization has fallen. After large prices for crypto currency, many sold their assets, so the price of it fell, because the market has become a large number. But this is not a reason for panic, this has already happened more than once.
The market never falls forever, especially so active and dynamic as the cryptocurrency.
Btc hasnt dropped very much more and it seems like some alts like linda, verge, and electroneum are still dropping how long will it yake for them to rise back up
The market fell down so far that it will not be easy for to recover its positions. This will take about two months at least I suppose. After the growth will start the prices will be recovered on 30% during first week.
Market is not confident anymore about the everbulling trend... BTC is not a so good store of value too it seems, except the case it turns in high green territory fast again, this is one of the biggest drop suffered by BTC and alt market so far, we need a great help to go through this.
I have been investing in Bitcoins since 2012, and you are absolutely right about the recent crash. Never before Bitcoin lost 60% of its value in less than four weeks. Drops have occurred even before, but they were longer in duration and smaller in magnitude when compared with the current one.
This is how the market is but do not panic. Everything will be normal soon and patience is required because Altcoins have potential and can pump anytime.
Altcoins can pump once the market situation improves and to be honest the value of bitcoin plays a major role int he fluctuations of altcoin price i have noticed this in the past and now as well. If you just take few altcoins and their price graph and then compare it with bitcoin's graph for the same period you will understand the connect.
I heard we should buy the Dips and sell the highs. What are your price targets?
We need to make money doing this.
We need to make money doing this.
I guess, that the altcoins still dropping in price because some person want to buy a lot of bitcoins and that why we see all this "bad" news about crypto for lowing price of bitcoin.
Market is not confident anymore about the everbulling trend... BTC is not a so good store of value too it seems, except the case it turns in high green territory fast again, this is one of the biggest drop suffered by BTC and alt market so far, we need a great help to go through this.
Yes we are in desperate need of help and this time we need help from major players who owns good chunk of bitcoin as well as the small players and average bitcoin users as panic selling is causing leakage to already sinking bitcoin market.
This is how the market is but do not panic. Everything will be normal soon and patience is required because Altcoins have potential and can pump anytime.
Right now with so much uncertainty it seems the market is likely to continue to drop. If you look at the charts (I am no expert) but it looks as if there is a steady downward movement in price. Every time the coins bounce up they never seem to reach their previous weeks highs. Maybe they will but I dont think this looks good. Do yall think their are too many coins right now or something else?
This is how the market is but do not panic. Everything will be normal soon and patience is required because Altcoins have potential and can pump anytime.
Why altcoin still drop the price? That's because the prohibition of bans on some social media such as facebook, twitter and instagram, maybe they do not get a share of altcoin profits so they ban ny in their own company
I don't think it's a main reason cause whole market price down , probably whales withdrawal their profit and wait for lower price buy again , maybe they want to celebrate Chinese New Year , plus people panic sell, so it's normal price still drop, need time to recover "Maybe they want to celebrate Chinese New Year", that's the funniest response so far...the rest of the hypothetical reasons I can buy, but that one, I don't know lol
Market is not confident anymore about the everbulling trend... BTC is not a so good store of value too it seems, except the case it turns in high green territory fast again, this is one of the biggest drop suffered by BTC and alt market so far, we need a great help to go through this.
I have been investing in Bitcoins since 2012, and you are absolutely right about the recent crash. Never before Bitcoin lost 60% of its value in less than four weeks. Drops have occurred even before, but they were longer in duration and smaller in magnitude when compared with the current one.
Btc hasnt dropped very much more and it seems like some alts like linda, verge, and electroneum are still dropping how long will it yake for them to rise back up
One thing i genuinely feel is whenever bitcoin will fall,alts will fall with it and that recovery will be the exact same.But this is not technically correct.See what happens is when bitcoin falls or even small correction happens,it works negatively in favors of alts and this creates FUDs in alts as though only bitcoin is falling but people just assumes that same will happen in alts too and they start taking their money out.Which automatically makes alts to fall as simple as that and this will continue untill bitcoin raises again. Jump to: