Why did so many cryptocurrencies crash the last week?

warwar

hero member

Activity: 798

Merit: 505

Quote from: cryptonx on July 13, 2018, 07:29:29 AM

a lot of FUD and issue coming to crypto world,
that create a panic sell for all crypto users,, and i hope the price of all crypto will be recovering soon,, and next month is the time Wink

yeah right ! a lot of issue in the crypto world thats why it is really makes those holders that is selling their coin also the bitcoin price also one of the reason why it is dumping. Though i noticed before that if the price of bitcoin is droping i saw the altcoins do the alternate , it is pumping not really big pump but we could really see green onces unlike this day which most of all is red. Hopefully that it would be okay next month though.

cryptonx

sr. member

Activity: 1176

Merit: 252

Futurov

a lot of FUD and issue coming to crypto world,
that create a panic sell for all crypto users,, and i hope the price of all crypto will be recovering soon,, and next month is the time Wink

CybereyesWinger

newbie

Activity: 56

Merit: 0

Quote from: showbiz111 on March 05, 2018, 03:22:41 AM

Did you think Cryptocurrencies are going through a healthy market correction after a historic bull trend or
Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 40–60% usually). So when Bitcoin goes down, most coins go down with it??? Wink

Indeed, during the fall of bitcoin, many coins also fall. But absolutely not all. Rather, it is due to the fact that coins are bought with coins and vice versa. And after that, they prefer Fiat for bitcoins and some coins. But I'm afraid I will not continue this way, because the technology requires a change. In terms of performance, speed, reliability, etc. For example, the Kelvin Blockchain project is based on quantum technologies, thereby providing a unique, innovative opportunity. This is a new stage of development.

nysefloortrader

member

Activity: 322

Merit: 10

Ether Addict

we are kabal, and still selling. Grin

The time to buy is not yet, we are still selling and i will give you the nod, will not be until late. late...late in the year. Ok>?

Wink

leavolnhals

full member

Activity: 770

Merit: 101

Quote from: showbiz111 on March 05, 2018, 03:22:41 AM

Did you think Cryptocurrencies are going through a healthy market correction after a historic bull trend or
Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 40–60% usually). So when Bitcoin goes down, most coins go down with it??? Wink

right. But this is really a difficult problem. Because Bitcoin really does not relate to thousands of other altcoins on the market, they all fall by bitcoin. It seems like this is a characteristic of the Crypto market and we can not change it. We can only use it to make a profit in buying low and selling high.

Coinrush20

jr. member

Activity: 126

Merit: 1

True in a sense, as we backtracked fee months ago, you will see an identical pattern across the market for almost all the coins. They follow the spikes of Bitcoin. And now speculations are Bitcoin will dip in the following weeks to come. Heads up guys

dirgayeah

full member

Activity: 868

Merit: 103

*Indonesian Professional Translator and BM*

Quote from: showbiz111 on March 05, 2018, 03:22:41 AM

Did you think Cryptocurrencies are going through a healthy market correction after a historic bull trend or
Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 40–60% usually). So when Bitcoin goes down, most coins go down with it??? Wink

If bitcoin down then altcoin are following the way too. but this is not 100%. because Bitcoin are the Pioneer on cryptocurrency, domino effect still give impact to another Altcoin. and for me , I just follow the way from bitcoin , before buy and sell altcoin.

Taniya1901

newbie

Activity: 154

Merit: 0

Because bitcoin is now bearish movement and he pulls all the violas. Little altain can go contrary to the market movement

tot-o

newbie

Activity: 210

Merit: 0

Everyone should know that coins and token changes their prices everyday and even every seconds as for the other cryptocurrency, expect the unexpected because there are competition on the market,,,, so we can not avoid it------

xclusiveguy

jr. member

Activity: 336

Merit: 1

As you can see that currently king of Crypto "bitcoin " is dumping so as the followers "altcoins " to follow same path, it's not a new thing seeing the market like this, but trust me it will definitely bounce back

scalvo98

member

Activity: 139

Merit: 10

Considering that you posted this when everything was literally crashed, yes, i can finally tell you that almost all the altcoins that are on the market have done more than x2 since that. So yes, you have lost that train.

Quote from: showbiz111 on March 05, 2018, 03:22:41 AM

Did you think Cryptocurrencies are going through a healthy market correction after a historic bull trend or
Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 40–60% usually). So when Bitcoin goes down, most coins go down with it??? Wink

zolfa

member

Activity: 518

Merit: 11

all altcoin prices follow bitcoin conditions, even to be a bull market have to wait for healthy bitcoin, I think many factors make crypto value fall, such as high sales, many sellers panic so bitcoin fall uncontrolled, and affect the market.

MGBloomz

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Lead generation one-stop shop platform powered AI

Quote from: showbiz111 on March 05, 2018, 03:22:41 AM

Did you think Cryptocurrencies are going through a healthy market correction after a historic bull trend or
Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 40–60% usually). So when Bitcoin goes down, most coins go down with it??? Wink

In my observation, bitcoin will be the barometer of all crypto currency. When bitcoin will goes down, a big chances that most coins will goes down as well unless someone will pumps those altcoins.

riaruhs09

member

Activity: 184

Merit: 10

Quote from: rodskee on April 20, 2018, 10:00:39 AM

Quote from: showbiz111 on March 05, 2018, 03:22:41 AM

Did you think Cryptocurrencies are going through a healthy market correction after a historic bull trend or
Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 40–60% usually). So when Bitcoin goes down, most coins go down with it??? Wink

I think not very affected the altcoins during the bitcoin is dump, I always looking the in the marketcap not all coins are in dump some coins are in the good stable obviously its depend of the volume demand of the coins.
yes of course in times of the crisis need to hold your investment do not sell it during the price is in the lower, that's one thing need to understand the people always listening to the fuds they panicking and faster to sell their investment with out any learning.

that right, the panic of the market is a big problem right now. too many new investors who have not understood what about the world of crypto. they are easily panicked and sell only because of hearsay.

rodskee

full member

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Quote from: showbiz111 on March 05, 2018, 03:22:41 AM

Did you think Cryptocurrencies are going through a healthy market correction after a historic bull trend or
Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 40–60% usually). So when Bitcoin goes down, most coins go down with it??? Wink

I think not very affected the altcoins during the bitcoin is dump, I always looking the in the marketcap not all coins are in dump some coins are in the good stable obviously its depend of the volume demand of the coins.
yes of course in times of the crisis need to hold your investment do not sell it during the price is in the lower, that's one thing need to understand the people always listening to the fuds they panicking and faster to sell their investment with out any learning.

GreatBug

sr. member

Activity: 629

Merit: 252

Quote from: showbiz111 on March 05, 2018, 03:22:41 AM

Did you think Cryptocurrencies are going through a healthy market correction after a historic bull trend or
Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 40–60% usually). So when Bitcoin goes down, most coins go down with it??? Wink

We can make some thoughts about that cause bitcoin had some downs then and other coins could follow them but for me this situation just had a place and could have it again in near weeks but for me that is normal.

Ewox

sr. member

Activity: 812

Merit: 253

Most of the time yes that basically happens but sometimes it is not entirely because bitcoin dropped down as well. And sometimes it would be because most of the investors that have invested on these coins would sell most of their holdings that would lead to the drop down of the prices and would convert them to bitcoin and hold them.

neosibunes

newbie

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cannycassiopeia

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This question is so blunt. You knew already the answer but you keep on asking. Isn't it obvious that panic selling really occur? Traders don't want anymore losses so they get rid of their precious investments to avoid being bankrupt. Now that you get, please stop asking nonsense question like this and make sure to post a much productive topic next time.

Topic: Why did so many cryptocurrencies crash the last week? (Read 581 times)