Bitcoin Forum

why altcoins are crashing again
?

Because many of the traders are selling their altcoins just to buy bitcoins because as if you notice the price of the bitcoin right now i rapidly increasing, you can check it on some exchangers that is the main reason why altcoins are crashing.

Obviously, because daddy bitcoin went mad again!  ;D

because traders are moving so quick to convert their coins and will surely convert it to fiat normal practice and just hold if you been trapped
since fluctuations will make a bounce back fro those quality coins which also dropping right now.

Look at the bitcoin growing price,it has no sign to stop or decrease,so people just dump all the altcoin and sell their bitcoin into fiat
It's the right time to buy some altcoin that you prefer,before the bitcoin bubble burst or go with the flow and convert it to fiat

obviously, the direct reason is that the btc pump again, besides, altcoin pump a lot in the past time, it need adjustment.

This is exactly the only reason I can seem to give at this time because it just seems the reaction of the market participants cannot be predicted and also a testimony to the fact that the basic why any increase will happen to any coin whether bitcoin or not is the faith that people have in it irrespective of the current scenario and that is what is going on. You don't need any major reason neither do you need a unique explanation. Just that the faith has shifted somewhere else.

Altcoin hodlers dumping for bitcoin. No one can resist bitcoin now, it is already 4200$ a piece. Altcoins crashing just means the price of bitcoin will go even higher. Nice profit for bitcoin hodlers. But also a perfect time to get some cheap altcoin if you have bitcoin you don't want to convert to cash.

This is the right answer. When bitcoin goes mad, people can't resist changing alts back into bitcoin to cash out. You have to remember that the majority of the people in alts are only there because they think it's a method of making bitcoin.

I think its due to continues and rapid pump of bitcoin price. I just read from cointelegraph a while ago concluding that altcoin would decrease 20% as soon as bitcoin price reached 5000$.

So what do you think, what coins should we buy so that the future can be big? Maybe you all can share

This is good for the market though. Its going to hopefully destroy some of the altcoins that were weak and leave less altcoins on the market.

Darwinism is great for altcoins.

It nicely shows people don't want altcoins, people only use altcoins to gain more value in Bitcoins.
Only 21 million Bitcoins can ever exist, but altcoins at it's peak were worth about 25 million Bitcoins already. With bigger blocks, SegWit and possibly more cool stuff like LN in the near (?) future, Bitcoin can hopefully be used again for small transactions.
Without more transactions Bitcoin can't handle more users. More users increase the value.

I guess people are all up for Bitcoin currently so they have placed altcoins on backfoot. But this doesn't mean end of altcoins.
Bitcoin is currently under boom period due to successful overcome from split but this doesn't mean it will sail the same in future. Bitcoin may come under depression again and people may switch over to alts once again.

PS: Bitcoin's dominance in crypto market in just above 50% which is less than what it had in March. So altcoins are not yet dead.

They are crashing again, and will continue to do it, because of Bitcoin rising incredibly fast. People sell their altcoins to have bitcoins to then sell them for fiat before buying back bitcoins when it will drop.

NEO, OMG and PAY are examples. By holding half of my coin hold in these between Aug 1st and today I doubled the total number of btc I had. I'm not promoting them btw, just saying what these did for me.

Altcoin not crashing, they still at the same place. If you look at dollar price. Bitcoin going up, and because of that, It seems that other currencies are dropped.
I have 0.4btc less than one week ago, although I have more bucks.

Altcoins are not crashing. They are crashing versus bitcoin, because bitcoin is raising very fast. But they are almost stable versus USD (except maybe ETH who seems growing)

You are a joker, do you want BTC or FIAT, when I invested in ICO or buy tokens on exchanges I do with BTC and I expect my returns in BTC, my porfolio has dropped more than 6BTC because of this rally but I still belive there will be another Altcoins rally before the end of the year

It is a normal market reaction. If the coin is paired with bitcoin which is pumping right now, the altcoin as its pair will suffer. People will swap their altcoins to bitcoins, thus altcoins crashing. It will recover when bitcoin price settles down.

Actually I'm surprised this has not happened before. Months ago, when Bitcoin was doubling in price, we saw cryptos without solid fundamentals going up much more...

traders always take a chance of bitcoin price increase to accumulate additional stock of alternative coins so be patience and no panic sell  .

They're not actually crashing right now, you have to check their prices in fiat, not in Bitcoin.
Bitcoin's current growth is exceeding the growth of altcoins right now.

There is a lot of hype surrounding Bitcoin and that's also overshadowing altcoins lesser gains.

I know some alts riding the bitcoin wave and are doing fine

but for the unfortunate alts most likely this is because holders are cashing out to buy bitcoins with the lucrative profits it presents in a short  time frame.

I really dont understand cryptos sometimes because I thought when bitcoin price rises it gives us power to buy more altcoins than before...which should result in alts been pumped not crashing.

They are crashing because of people selling altcoins for btc but they are not aware of that it is too late to buy bitcoin.

yeah i never tought that i could wish a btc little crash  ;D

The reason why altcoins are crashing is because Bitcoin is showing a tremendous growth and its price is above 4200$ right now. If Bitcoin continues to grow in coming days, altcoin will keep on crashing.

Yeah man, there really isn’t that much people can do about it when the price of Bitcoin goes up further. Some people will have to lose a bunch of their coins when the price of Bitcoin goes up though they can cash their coins out when the price of Bitcoin does that.

If people were smarter then they would hold their Bitcoins instead of hoping on some new coin to give them more money than they already have. I am pretty sure that most Altcoins are tied to a real currency so the price of those coins will get hurt during a BTC pump.

I haven't seen any of them actually crashing. There's been a lot of movement on their candlesticks, but as far as crashing it's about the same as normal. What exactly are you basing the question on? Have you seen some significant changes at prices that are above or below the normal average? Because if this point I haven't seen anything that looks good different than any other day in the trading markets.

Altcoins are crashing because bitcoins are increasing. A large amount of altcoins have been traded just to get a single bitcoin. When a large supply of altcoin have been distributed, the lower its value will be. If the bitcoin's value is increasing, the altcoin's value will decrease because lots of investors will trade their altcoins to bitcoin. A large amount of supply of altcoin is traded to a small amount of bitcoin. It is just a supply and demand problem.

There is really no big reasons for the dipping of prices right now. This is just part of the volatile market. Right now, the altcoins are already rising. So everything's pretty normal.

By the way, "crashing" is not the right term. There is no crash happening.

yes there was a big crash happening becaus this topic is old and by that time since bitcoin price went up fast and a lot, like always altcoins got dumped hard and the panic selling was all over the market causing the big crash happening.

and it is not just because of "volatility". it is because most of them are pump and dumps which get dumped at any corner!

Crash its price? Well this is just a normal thing and nothing to be surprised of. If there are sellers on a certain coin then prices would normally react on that which would go down. If theres a crash and prices are too low then its the best time to buy or accumulate cheaper coins. Its somehow risky to do since we wont know on when it would pump again. Just take a look on XMR now,its pumping as of now later on we would see bears again when they decide to sell.

Once you are in this market for a long enough time, you know that there will be many rises and many falls. Its an up and down market and it's hard to predict exactly what is going to happen.

When you look in hindsight, all the events seem obvious, but it's hard to factor in all the market forces in that short span of time and also it's super hard to "time" the market. Anyone who tried needs to be an expert or else they will probably lose a lot of money.

Because the price traders use as references is in dollars and not bitcoin.  ;)

There would be no market if the price do always pumps up and theres no damping on its price. Fluctuations do happen anytime on the market which signifies that we do have a healthy market because on those price decrease we can able to buy more coins and waiting for the pump again. They do crash because people are securing their profits.

the altcoin crash again, its a menstruation post, dump come after pump, its just market reaction, no dump, no pump, it will be again and again

Always like that, if BTC up then all altcoin will be red. It has become a tradition in the world of cryptocurency and can not be avoided anymore.

BTC is down.

Bitcoin falls now and all altcoins follows bitcoin. I think there is no standard correlation between bitcoin and altcoins, it could change according to the reason of rise or fall

I dunno, B/C stuff with value rises and falls?

I think the reason is bitcoin price. For last 2 months bitcoin price is very dynamic. Graphs are very wavy. And people scared to keep altcoins for long. That s why they exchange them to fiat or bitcoin when there is an opposite trend comparing with previous days. When bitcoin price increases they exchange to bitcoin, when decreases they exchange them to fiat...

The Whales are Sleeping

It will go up eventually once they woke up