Why did so many cryptocurrencies crash the last week?

warwar

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Quote from: cryptonx on July 13, 2018, 08:29:29 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

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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

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Quote from: showbiz111 on March 05, 2018, 04:22:41 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

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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

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Quote from: showbiz111 on March 05, 2018, 04:22:41 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

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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

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Quote from: showbiz111 on March 05, 2018, 04:22:41 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

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

tot-o

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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

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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

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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, 04:22:41 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

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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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Quote from: showbiz111 on March 05, 2018, 04:22:41 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

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Quote from: rodskee on April 20, 2018, 11:00:39 AM

Quote from: showbiz111 on March 05, 2018, 04:22:41 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

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Quote from: showbiz111 on March 05, 2018, 04:22:41 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

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Quote from: showbiz111 on March 05, 2018, 04:22:41 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

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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

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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.

YinShuiSiYuan

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The price of bitcoin decreases, which causes decreases in other currencies. All cryptocurrencies are related and depend on the price of bitcoin. As soon as the btc begins to make up for losses, all coins will turn green.

okan

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Quote from: showbiz111 on March 05, 2018, 04:22:41 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

investors get away from crypto.

everyone understand that nothing big will become from cryptos after that. and slowly quitting from market.

ahoenk

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The crash happen because crypto world going too high in december and it will stabilize and reach real value now. And bitcoin will probably going down firther. And when bitcoin and ethereum going down another crypto will also goes down. Bitcoin as a gold in digital world. Then when it is goes down all crypto asset also goes down and lose againts fiat.

mobilezz

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Quote from: showbiz111 on March 05, 2018, 04:22:41 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

All alts are now dependent on bitcoin, on the one hand it's good that bitcoin can filter out unreliable coins in this way, on the other hand it's bad that no one can even catch up with it and become more valuable.

slashz9

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I think when btc down or up altcoin will still dump, but when the btc price is stable that's where altcoin will pump that's how the crypto world works Wink

wildflower18

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Quote from: Imy on April 05, 2018, 04:52:36 PM

I think this correction is needed in crypto world. Dec/Jan prices were just too much pumped up & manipulated by whales. Sure it can go much higher in the future but we are not quite there.

Well correction always happen that's one of also the reasons why market crashed. Price last year too much pumped and most says manipulation existing in the market also with other news that keeps the price down. A lot of factors actually why it was happen, but I believe price could recover.

cabbarlana

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As a result of recent scam projects, confidence in some crypto-currencies has declined and has entered the process of extinction. I think the most important feature of crypto-money, which earned even when the market showed a downward trend, is the trust in its projects.

Imy

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I think this correction is needed in crypto world. Dec/Jan prices were just too much pumped up & manipulated by whales. Sure it can go much higher in the future but we are not quite there.

Eddyc

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Compared to the date of the post with the current days without doubt the market is undergoing a healthy and natural correction and in the market overview no currency fails just need a one-time to mature and like all the above comments, all altcoins accompany the Bitcoin.

bhantom

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Quote from: showbiz111 on March 05, 2018, 04:22:41 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

The basic thing is: When bitcoin falling, altcoins falling too and the other way. This long and red time eliminate the weaknest coins, so for me it is the only good informations in this blood sea

Arkh

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Fear of regulation, rumors of Ethereum ASICs ... And the general crypto downtrend. When the price of bitcoin goes down, people panic sell their alt as a getaway to FIAT. Dropping the price of BTC further and starting a global panic on the market. Lots of mainstream investor entered in November / December of 2017 and they are not ready for the crypto swings.

Cryptodetails

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Quote from: ducnguyen3293 on March 05, 2018, 12:00:41 PM

Most exchanges use BTC as the intermediary currency. So BTC has influence on all Altcoins

Despite the problems of bitcoin, the idea of a global decentralized currency looks very attractive. Now, the exchange has attracted thousands of speculators, and this harms the image of technology. Some market participants are sure - sooner or later the bubble will crash. Others predict that by 2020, one bitcoin will cost more than $ 30,000.

MarchToke

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Crashing of some crypto coins are such a normal thing happened today. Some cryptocurrencies are just a failure and became a trash because of failure ICO and did not reach its target. Some also are did not worked out and no one invested on it and has a very cheap value or worst did not have a value at all.

contactmike1

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Quote from: arienna23 on March 05, 2018, 12:32:50 PM

When Bitcoin pumps altcoins dump. Thats how cryptoworld works. With the recent Bitcoin pump the altcoins were likely going to drop in prices. Don't worry, just wait for Bitcoin to become stable and that's when altcoins will pump.

Well now BTC is falling down, but alts are also in decrease! There is no correlation, crypto market is so crazy. I will better wait for a lower entry point, something like 5000 for BTC and 400-500 for ETH is reasonable price

prabakharras

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Bear market with negative news all the way
https://www.coingecko.com/en
Won't surprise if the dump is manipulated for whales to grab cheap coins

ItsEzMkay

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-SEC regulations
-Mt.Gox sell off
-Standard correction
-Ongoing Bitconnect trial
-Insert arbitrary reason here

rayk

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Sometimes natural correction, but most times they crash due to the regulations news, hack news like binance hack now. But interestingly every news turn into positive after a while

Crypto_lion

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Lol everything depends on the movement of big boss Bitcoin. And I strongly believe the Bitcoin futures have a role to play in the price manipulation too. So when big boss goes down all the altcoins follow and go down

arpon11

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Japanese government trying to regulate exchange platform because of dubious activities and attack against benance that is affecting crypto currencies this week. We may have more fall in days to come as governments has seen this as a way to scare big investors. Bitcoin has a lot of potential and can be of a great help to other cryptocurrencies and we should not be discouraged when we see this type of attack.

canman

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in this market. there is a rule. That is when bitcoin goes up altcoin will go down. bitcoin goes down then altcoin goes down too. this is normal

liuqi

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Quote from: Mrmogz on March 09, 2018, 09:36:53 AM

Bitcoin goes up, alts go down.

Bitcoin goes down, alts go down.

The alts as a collective will go up when BTC is consolidating or during certain BTC uptrends before they go down again due to selloffs for people to ride BTC.

It's a helluva market.

Most of the cryptocurrencies are decentralized so no one should control the crash it depends on the current news, supply and demands. So try to convey the proper explanation no one should understand your thoughts Bitcoin and altcoins all are same cryptocurrency once Bitcoin is raise automatically altcoins also raise in the market we only support the all cryptocurrencies so Bitcoin is pump again but it take some time.

Mrmogz

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Bitcoin goes up, alts go down.

Bitcoin goes down, alts go down.

The alts as a collective will go up when BTC is consolidating or during certain BTC uptrends before they go down again due to selloffs for people to ride BTC.

It's a helluva market.

Bencus

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The reason is the market recieved bad press, mainly because of happenings in the US and Japan.

It started in the US, with the SEC saying platforms serving as venues for digital assets that are securities will need to register with the agency as a national exchange, or qualify for an exemption.

Japan’s Financial Services Agency ordered two exchanges to halt operations for a month and penalized four others yesterday.

This means the regulatories want to have oversight of the industry, and with these actions, caused the market to fall.
If the market falls, almost every coin's value will decrease.

Also, Bitcoin has the largest market cap, and represents the cryptomarket. If it faces criticism, it will go down, and so the value of other coins, as Bitcoin is pretty often used as an intermediary currency between exchanges. This means altcoin rates are rather fixed to BTC, than to fiats.

yua_na

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The crash happen because all crypto currencies already goes very high last year and now its time to set a normal price which will be new support for all marketcap. After consolidation done we will see all new time high but dont expect its done in one week. We probably will see multi year bearish untill btc reach its deep.

Angel0

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Well some crypto get crash again not only because the BTC price get lower a little but I think there pre sale and quota investor didn't reach the target point so some of their coins price or value decrease again.

swissgang

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It is maybe due to the some news or just a natural correction. Actually technical analysis indicate when it will be a correction.

GuppyMan

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Quote from: showbiz111 on March 05, 2018, 04:22:41 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

While there is a relationship between bitcoin and alts, we hope that soon it will disappear and the alts will become independent of the movement of their father, then a prognosis is possible to catch up with him at a price.

KylesmomisaB

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Arbitrary reasons probably, you never are going to pinpoint exactly why. Price is the toughest thing to figure out because it has so many variables, if I just said it was because of Bitcoin going up that would be naive imo. There is more at play here than just Bitcoin, there are a lot of powerful and influential people that I feel like are calling shots behind the scenes. Could be wrong, but thats how I view it currently.

arienna23

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When Bitcoin pumps altcoins dump. Thats how cryptoworld works. With the recent Bitcoin pump the altcoins were likely going to drop in prices. Don't worry, just wait for Bitcoin to become stable and that's when altcoins will pump.

Alanin

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Quote from: seo-maestro on March 05, 2018, 11:57:49 AM

Rule: if BTC goes up then alts go down because everybody waiting the moon train for btc (selling alts for btc to make profits)

From my experience, alts will go down when BTC go down. Because people split their portfolie into alts and BTC. So when they want to short BTC, then have to sell their alts first, which often gets valued in BTC. And vice versa (sorry for bad english)

ducnguyen3293

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Most exchanges use BTC as the intermediary currency. So BTC has influence on all Altcoins

seo-maestro

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Rule: if BTC goes up then alts go down because everybody waiting the moon train for btc (selling alts for btc to make profits)

showbiz111

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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

Topic: Why did so many cryptocurrencies crash the last week? (Read 561 times)