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Topic: why most alt coins price is dropping down? (Read 2336 times)

sr. member
Activity: 586
Merit: 251
November 23, 2017, 05:23:44 PM
#90
I think it is because of Bitcoins growth. Investors just focus on Bitcoin and forget other coins.
sr. member
Activity: 504
Merit: 250
November 23, 2017, 04:50:03 PM
#89
The price of Bitcoin is probably the cause of it.
I agree with this the fact that it has no influence whatsoever on the price of coins, although there are soon other reasons as demand for example
member
Activity: 76
Merit: 10
November 22, 2017, 12:18:32 PM
#88
The price of Bitcoin is probably the cause of it.
hero member
Activity: 2716
Merit: 552
November 22, 2017, 10:16:58 AM
#87
Anyone knows why most alt coins price is dropping down?

i invest in many coins (+10) and all of them are dropping.
is this happens with all alt coins or only with ones i invested in ?

It is because the exchange rate of the altcoins are depending against the value of Bitcoin. When Bitcoins value is rising , then its an indication that it is not good to invest altcoin this time. Heres the usual set up. When altcoins are rising , Bitcoin on the other will drop, because a lot of investors are pulling out their money and putting it to altcoin while still hot. But be careful on following the hype of altcoins, because theres a huge possibility that it could be pumped and dumpped right away.
full member
Activity: 224
Merit: 100
November 22, 2017, 09:29:19 AM
#86
Most of them are due to the rising Bitcoin prices and we can not predict. I think before investing in altcoin, you should analyze the BTC beforehand as it can greatly affect all altcoin. Just invest at the time when the price of BTC signs up, you can hardly make a profit
member
Activity: 490
Merit: 28
November 22, 2017, 09:26:13 AM
#85
not all coin will survive here.
sometime, they exist and popular in first time the end of ico, and than gone
Many Altcoins go down because of competitions there are lot ICO that sprout like mushrooms in the market place there is no regulations implemented everybody can Produce ICO, and also Bitcoin is price is soaring high all investor is eyeing BTC is the best cryto currency  to invest with.
newbie
Activity: 5
Merit: 0
November 22, 2017, 08:25:48 AM
#84
not all coin will survive here.
sometime, they exist and popular in first time the end of ico, and than gone
newbie
Activity: 11
Merit: 0
November 22, 2017, 07:48:02 AM
#83
Altcoin investors are pulling out their coins and reinvesting it on bitcoin for the purpose of obtaining bitcoin gold. That diminishes most of altcoin's market cap making their price low. Don't worry though, after the fork prices would pump again like crazy.
You nailed it  Grin Not only investor are pulling out their money but also the traders. They invest or trade their money for bitcoin thus altcoins price go down.

The Dash price rose 16% today!
full member
Activity: 616
Merit: 102
November 04, 2017, 01:46:57 AM
#82
Altcoin investors are pulling out their coins and reinvesting it on bitcoin for the purpose of obtaining bitcoin gold. That diminishes most of altcoin's market cap making their price low. Don't worry though, after the fork prices would pump again like crazy.
You nailed it  Grin Not only investor are pulling out their money but also the traders. They invest or trade their money for bitcoin thus altcoins price go down.
full member
Activity: 546
Merit: 101
★Bitvest.io★ Play Plinko or Invest!
November 04, 2017, 01:16:58 AM
#81
Surely many investors are lately more interested in bitcoin in investing, selling their altcoins and switching it all on bitcoin to caused the price of altcoins was falling down. But the point is that even though most altcoins has decreased, it doesn't mean the possibility of all altcoins will continue to decline, I still believe that some altcoins will bounce back and show a bright side in price movements that return to the altitude. It's good I think at the moment if we want to investing in altcoins.. investing it for the long term and choose the right altcoins for it.
sr. member
Activity: 532
Merit: 250
November 04, 2017, 01:10:07 AM
#80
the only reason why altcoin goes down is because bitcoin peaks. it makes a lot of people sell their altcoin and do buy and sell bitcoin.
now most altcoin is red and not just altcoin you invest.
jr. member
Activity: 44
Merit: 1
November 03, 2017, 10:56:06 PM
#79
now there is a trend on BTC, many traders and investors want to use it. unfortunately not all altcoins return to their positions after the end of the trend
full member
Activity: 539
Merit: 100
BIB Exchange
October 28, 2017, 10:40:46 AM
#78
There are no doubt that there are many trader and investors who have sold altcoins to buy BTC. They really want to dump altcoin to the bottom. Maybe few next weeks, they will buy altcoins again.  Smiley
sr. member
Activity: 504
Merit: 250
October 27, 2017, 06:24:23 PM
#77
I think is because of fork of bitcoin,  because some investors will like to sell their altcoin to invest in bitcoin to gain the fork coin. But i think after the fork the altcoin will pump massively.

indeed hardfork events have a major impact on the decline in altcoin prices, certainly because either treders or investors sell their altcoins to participate in bitcoin pumps utilizing the situation to benefit from bitcoin
sr. member
Activity: 350
Merit: 250
- "Bitcore (BTX) - Airdrops every Monday"
October 27, 2017, 06:23:41 PM
#76
I think is because of fork of bitcoin,  because some investors will like to sell their altcoin to invest in bitcoin to gain the fork coin. But i think after the fork the altcoin will pump massively.
I think a lot of people put money in after the latest fork.

I still think we will see the biggest pump after the second fork.
member
Activity: 88
Merit: 10
October 27, 2017, 06:14:26 PM
#75
I think is because of fork of bitcoin,  because some investors will like to sell their altcoin to invest in bitcoin to gain the fork coin. But i think after the fork the altcoin will pump massively.
member
Activity: 81
Merit: 10
How you do anything is how you do everything..
October 27, 2017, 02:39:15 PM
#74
There is alot of support for bitcoin right now,
I think altcoins will always pump and dump, because this is how this industry works.
One week in Crypto is like 6 months in company stocks.

One should invest in alts they believe in and set an amount of profit margin they need from the trade, say 10 percent. and take it when the opportunity arises.
legendary
Activity: 2534
Merit: 1338
October 27, 2017, 02:20:30 PM
#73
Anyone knows why most alt coins price is dropping down?

i invest in many coins (+10) and all of them are dropping.
is this happens with all alt coins or only with ones i invested in ?
You need to understand that even if every single altcoin is unique at the same time coins are mostly grouped in two different groups altcoins and bitcoin and at this time bitcoin has all the attention of the market and this takes money from all the other altcoins, as traders want to get profits, after all this craze with the forks is over alts are going to recover some of the value they lost.
NRF
sr. member
Activity: 279
Merit: 250
October 27, 2017, 12:54:01 PM
#72
Most altcoins price was dropping down because of Bitcoin gold hard fork. Investors sell altcoins to buy Bitcoin to in order to receive Bitcoin gold free. But do not worry. They will recover soon.
full member
Activity: 327
Merit: 101
October 27, 2017, 09:14:46 AM
#71
Altcoins are based on projects' ideas, so we need to wait while team members are developing their products.
Secondly, the influence of Bitcoin and Ethereum price changing is available.
The last but not least, how many tokens are bought/sold can make price drop/raise.
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