Why are altcoins still dropping in price - page 19.

Jake_Shannen

jr. member

Activity: 70

Merit: 1

Quote from: Devawnm367 on January 31, 2018, 02:12:45 AM

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

In this platform it wont take much for all the alt coins to really regain their prices and actually this is a good opportunity for short term trade. It wont take too long for all of these altcoins to really gain prices and actually im a expecting a pump in BTC this February.

amanarora_1

member

Activity: 448

Merit: 10

Bitcoin is dropping only because of fake news that spread in korea that so peoples got panicked and selling there bitcoins. The big investors and buying more bitcoin because it is dump and after that the bitcoin will rise because of the investors. Other reason is 527million nem is hack in japan has a big impact to all cryptocurrency.

CrypticGambit

full member

Activity: 280

Merit: 100

The Operating System for DAOs

It is quite normal when bitcoin drops, altcoin drop even lower. You have to remember that bitcoin is a gateaway to fiat. There are no real usd trading pairs on 99% of altcoins that is why people sell them into bitcoin or eth and then sell for real usd.

drakegon

member

Activity: 126

Merit: 10

This is what happens after the prices rise like mad. The coins will drop. But, you must look at the bright side, no good growth doesn't have dips, this is a good dip.

Devawnm367

full member

Activity: 1022

Merit: 144

Penguin Party 🐟

Im seeing something about the chinese new years on the 16th, does that mean it should start correcting by then?

Jitra

jr. member

Activity: 126

Merit: 5

Professional Translator (Malaysian Language)

Quote from: invo on February 02, 2018, 10:33:28 AM

Quote from: tushkanych on January 31, 2018, 02:21:28 AM

View the latest news associated with the exchanges Bitfinex and Tether. This news is a severe blow to the current rate. Soon everything will be back to normal.

yes, sooner or later it will surely be back to normal, like what happens every year.
many holders panicked of what happened to the market, but expect the big pump after this obstacle in the market

Honestly I had wanted the prices to dip a little bit to buy more ETH for upcoming ICOs but missed the train this morning at $700+, bought some on the way down from $920 to $850. I do have faith in the altcoins and I share the pain of those who have had to endure this wild swing. Hang in there...

danyputera120990

newbie

Activity: 131

Merit: 0

I think the price sooner will be normal again and we can gain prpfit again. This is just a temporary situation. Keep believe in the coin that you holding.

invo

full member

Activity: 535

Merit: 100

#SWGT PRE-SALE IS LIVE

Quote from: tushkanych on January 31, 2018, 02:21:28 AM

View the latest news associated with the exchanges Bitfinex and Tether. This news is a severe blow to the current rate. Soon everything will be back to normal.

yes, sooner or later it will surely be back to normal, like what happens every year.
many holders panicked of what happened to the market, but expect the big pump after this obstacle in the market

Devawnm367

full member

Activity: 1022

Merit: 144

Penguin Party 🐟

Verge is trying to pump back up it was at 550 sats its back up to 600

tangbori

member

Activity: 272

Merit: 12

Bitcoin is dropping because of the Korean and Indian FUD, this FUD cause panic sell and the big investors buy alot of bitcoin for the next pump. I see it as hand twisting from the movers and shakers of the crypto world.

Bitkoyns

sr. member

Activity: 1078

Merit: 262

Quote from: trickyriky on February 02, 2018, 12:42:22 AM

Quote from: tushkanych on January 31, 2018, 02:21:28 AM

View the latest news associated with the exchanges Bitfinex and Tether. This news is a severe blow to the current rate. Soon everything will be back to normal.

That’s right. Additionally consider that NEM (millions were stolen!) was hacked, and all these events started a kind of panic. People are scared that they can lose everything and started to sell coins. Stop this panic and the market will be stabilized!

great news if it will go back to normal , but it is still alarming for the investors because they will now hesitate due to the security of their coin , that is why they pulling it back and the effect isnt good , and price is still dropping , hoping to go back to normal again soon .

trickyriky

sr. member

Activity: 882

Merit: 251

Quote from: tushkanych on January 31, 2018, 02:21:28 AM

View the latest news associated with the exchanges Bitfinex and Tether. This news is a severe blow to the current rate. Soon everything will be back to normal.

That’s right. Additionally consider that NEM (millions were stolen!) was hacked, and all these events started a kind of panic. People are scared that they can lose everything and started to sell coins. Stop this panic and the market will be stabilized!

Wowcoin

hero member

Activity: 910

Merit: 507

Quote from: Devawnm367 on January 31, 2018, 02:12:45 AM

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

I think all dropping now also bitcoin is drop not only altcoins, patience and wait until all your holding are going up again and also bitcoin. If compare the price of bitcoin last year its big gap many investor on bitcoin have a big lost. But i think soon it will recover it.

atupolev

full member

Activity: 238

Merit: 100

Quote from: Daddyj2 on January 31, 2018, 11:36:43 PM

Because there's a lot of bad news coming out from governments on some parts of the world and many people panic trade I think this will last till March.

Such bad news coming out from governments has always been, and in the past year, and before. This did not have such a strong influence on the price of crypto currencies, as it is now. I think behind this is another reason

ocid

sr. member

Activity: 588

Merit: 256

Many countries set policy rules related to cryptococcus, this is a major factor that lowers the value of altcoin. Even the most popular type of coin (Bitcoin) also experienced a very sharp decline. as much as possible with the current price decline is the greatest opportunity to buy more altcoin types that we will invest because the possible value of cryptocurrency will raise the price again.

Jitra

jr. member

Activity: 126

Merit: 5

Professional Translator (Malaysian Language)

Quote from: Devawnm367 on January 31, 2018, 11:21:44 PM

How long do you expect it will take to heal???

Once the dust settles around tether FUD. Investigation is still ongoing, not sure how long this one is going to last. More news today tether traders inflated bitcoin prices. Altcoins prices have strong correlation to bitcoin, except maybe ether. IMHO Bitfinex should be more transparent and provide audit report ASAP. But the price of the king of the crypto will not go below the cost of mining it, i.e. if the cost of mining 1 btc is $8,000 then it should not go below that otherwise who's gonna mine it at a lost? If it collapsed then we'll be in unchartered territory.

Leah38

full member

Activity: 1078

Merit: 102

So much fudd and fake news maybe. While the whales and rich investors enjoy so much of the red days or the dip of prices of bitcoin and alts, small time traders are affected. So better don't put all on alts. Have bitcoin ready to buy the dip. Or cash to buy cheap bitcoin. Just like they said, diversify and don't put your eggs on 1 basket alone.

Daddyj2

jr. member

Activity: 532

Merit: 1

Because there's a lot of bad news coming out from governments on some parts of the world and many people panic trade I think this will last till March.

rommelzkie

full member

Activity: 294

Merit: 125

This is because of the government crackdown / regulation on crypto. Bitcoin is already established thats why he didn't go lower low.

I expect that starting March or Early April Crypto market will start to recover in slowly manner. Dont expect that bitcoin will make the x15 again. a x2 or x3 is more acceptable.

Devawnm367

full member

Activity: 1022

Merit: 144

Penguin Party 🐟

How long do you expect it will take to heal???

Topic: Why are altcoins still dropping in price - page 19. (Read 2121 times)