why most alt coins price is dropping down? - page 5.

e-coinomist

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Money often costs too much.

Quote from: Aceria on October 19, 2017, 06:17:44 AM

As others have said, BTC is forking which is likely pushing alts down (and BTC up). I'd like to spend some more USD to go into altcoins, but the only way I've bought coins so far was buying BTC via coinbase and then using that to buy altcoins. But since BTC is spiking right now, should I just buy ETH and convert that to altcoins?

If you see BTC going up, and alts going down, and than you got those fees for exchanging money into BTC, and BTC into ETH (fees again) and than looking for those rare Altcoin vs. ETH markets...
Honestly, you allready know the answer. Make a stop-loss order against self stubborness, leave your funds sitting in BTC and sit out those dammned forks. Bitcoin cannot fork forever*) The better times will come.
Cut losses early, move funds into things that are obviously gaining on value.

*) actually I am not sure about that. Maybe Bitcoin's masterplan involves forking forever now?

cyrixcer

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Quote from: sunsilk on October 19, 2017, 06:06:06 AM

Quote from: coinmediaco on October 19, 2017, 05:00:58 AM

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 ?

Nothing usual when the price of alt coins are dropping, it's either there is a btc event like hard fork and we are near to the 2nd hard fork for this year that will happen on October 25.

And next month before the real test which is another hard fork we will see the price of alt coins are going down again, everyone will be buying bitcoin on that moment just like what's happening today.

It's not a coincidence that the coins that you are holding mostly are dropping because it's a normal wave of market, just hold them.

I reckon your points, hard fork makes most altcoins price down, which is very normal, people want to get free coins-bitcoin gold or other forks, so they sell alts. But they will buy in after hard fork.

Aceria

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As others have said, BTC is forking which is likely pushing alts down (and BTC up). I'd like to spend some more USD to go into altcoins, but the only way I've bought coins so far was buying BTC via coinbase and then using that to buy altcoins. But since BTC is spiking right now, should I just buy ETH and convert that to altcoins?

sunsilk

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Quote from: coinmediaco on October 19, 2017, 05:00:58 AM

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 ?

Nothing usual when the price of alt coins are dropping, it's either there is a btc event like hard fork and we are near to the 2nd hard fork for this year that will happen on October 25.

And next month before the real test which is another hard fork we will see the price of alt coins are going down again, everyone will be buying bitcoin on that moment just like what's happening today.

It's not a coincidence that the coins that you are holding mostly are dropping because it's a normal wave of market, just hold them.

Abarov

sr. member

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Good time to buy alts. If you have money and waiting time. After the forks, the price of the alt will increase.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: coinmediaco on October 19, 2017, 05:00:58 AM

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 ?

The idea is that currently due to the bitcoin hard fork people are selling altcoins and buying bitcoin. Just to stockpile their bitcoin to get a load of bitcoin gold after the fork. I personally dont believe in this because though this is true but still people know that dumping bitcoin gold will have very low profits. Just that being a new coin getting airdropped to everyone's wallet, it gives some free money. However there has been a small crash in bitcoin price yesterday as well. So I cannot vouch for this idea that the fork is the reason for dumping of every altcoin.

CryptoBuds

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HODL

Take a look at these threads about hardforks: thread 1, thread 2, thread 3. There is uncertainty because of forks so investors are just fear to invest.

coinmediaco

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Quote from: svojoe on October 19, 2017, 05:04:42 AM

This all is because of upcoming hardforks of BTC 25 October and November. Take a look at Bitcoin Gold and Segwit2x. Everybody will get the same amount of new coins as they had during hardfork. There are many same threads here at this section.

i know there is fork for bitcoins.
but altcoin prices was always getting down, even before they say about fork.

i want to stop investing with altcoins, and i don't feel price will get higher when fork complete.

i don't know why some people support altcoin, bitcoin is the only one which has increasing price over the years.
we should stop supporting altcoins, people will lose their money if they invest with altcoins.

svojoe

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einc.io

This all is because of upcoming hardforks of BTC 25 October and November. Take a look at Bitcoin Gold and Segwit2x. Everybody will get the same amount of new coins as they had during hardfork. There are many same threads here at this section.

coinmediaco

member

Activity: 61

Merit: 10

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 ?

Topic: why most alt coins price is dropping down? - page 5. (Read 2371 times)