Bitcoin Forum

As a base reference - BTC has fallen -54.73% from ATH

Monero - 52.6%
Litecoin - 53.68%
Ethereum Classic - 56.07%
OmiseGo - 56.5%
VeChain - 59.43%
Ethereum - 59.62%
NEO - 61.21%
Lisk - 64.90%
EOS - 66.76%
Stellar - 71.64%
Dash - 73.02%
IOTA - 74.89%
Bitcoin Gold - 75.71%
Qtum - 80.62%
Ripple - 81.53%
Cardano - 83.44%
NEM - 85.53%
TRON - 86.88%
Bitcoin God - 87.52%

Do people think we've hit the bottom?
Have we seen the worst of the bloodbaths?

The bloodbath is over as of now and bitcoin will start to recover. People are now going inside the market after the huge storm has calm. But since everything is unpredictable sooner or later the bloody market will appear again. But let us not worry since that is very normal to this kind of market and it is also a good chance for us to buy some coin at their lowest value.

What is Bitcoin God?I`ve never heard about this forked bitcoin.By the way,you forgot to mention Bitcoin Cash in your list.Or perhaps the BCH drop from it`s ATH was lower than 52%.This list is useless,because all the altcoins simply follow the bitcoin price movement,but with a higher volatility.Nobody can say where is the bottom and where is the roof.There market is very distorted by the regulatory pressure and FUD,but we need better regulations.After all the crypto markets around the world are regulated,people might start investing in crypto ,because it will be safer than before.

I've also notice this omission. Bitcoin Cash should be in the list, it was above $3k for some time and it was just below $1k a few days ago, making at least 67% decrease.

you are getting two things wrong. your percentages and also your question about all coins at the same time.

for example ETH fell -72% from its ATH not 59%
and the bloodbath for bitcoin is over not for altcoins and just because bitcoin may reverse up and rise doesn't mean altcoins will follow that too. in fact bitcoin price rise may even trigger another bloodbath like previous times in altcoins.

There have been huge price reductions, some people are afraid that they have suffered financial losses. I guess fearful investors will never come back. I hope that a more stable market occurs, I do not want high price, just want stability.

I think that price slump of altcoins (in BTC term) is not over yet. If BTC begins strong recovery, most of altcoins will drop even more because of BTC FOMO though their USD price will rise.

Informative post. There's bloodbath going on currently, prices will likely recover soon, how soon is another matter. It's a perfect opportunity to buy right now, I've already made my first deposit.

I'd been aware that Bitcoin hasn't been the worst performer in terms of current placing against ATHs, but hadn't realised that very few alts are better. In fact, Monero and Litecoin are the 2 I have that have fared only slightly better. Further proof to me that Bitcoin is still the safer bet against any if not all pretenders.

I have small bags of incidental alts, and even one that has fell more than 90% from ATH, though that is in Bitcoin value (unsure or fiat value). Tempting to think those at 80% or more decline are oversold. But if they even catch up to previous BTC value, it'd be a killing.

So far no matter the placing in the market of all the cryptocurrencies still bitcoin is rank 1, we might hit bottom last months but bitcoin is starting to show progress already same as what's been happening in the previous years only this time bitcoin is become more stronger and more popular and this will surely gain more investors and players in the market!

Wasn't the 2014 crash even more than this crash. IIRC it's was around - 85% from then ATH of $1150 to $200. So yeah this isn't worst one atleast in terms of percentage, but in terms of value yes its the worst. There is no way saying if this is indeed the bottom, but let's hope that it is.

Its not over - they can all fall further. Most coins are still pretty highly valued in dollar terms. If we see a period of sideways movement, lots of hodlers of alts will start dumping coins as they look for the next big thing.

I don't believe it's anywhere near over. I don't believe much of the Coinmarketcap top 100 should be worth more than a few magic beans.

Litecoin managed an eventual drop of 98% from its 2013 ATH and that's one of the few solid projects out there. Most of the other coins from that bubble are now footnotes in history.

People calling the all clear are tripping their tits off. I think we're either relaxing and wobbling before the larger bubble ignites later in the year, or we're treading water before the proper plunge.

Either way I don't think these price levels are going to sustain.

Lately I see bitcoin start to show rebound after all coins fall, and I see other coins follow bitcoin traces, there is no sharp decline now because there is a not too fast rise but shows significant certainty, everyone supports where a lot of positive news from every country take an attitude towards bitcoin.

Oh wow, interesting metrics with these Bitcoin forks. It shows the best move was to dump them, now you are only getting peanuts for it. I would like to see a list of all Bitcoin forks and how much they have lost in % value against USD and against BTC.

As far as calling bottoms goes, it could go both ways. Some people are talking about "death cross" from a technical perspective, but as we all know, it only takes one set of positive news to destroy the technical analysis of anyone. And also in general, Bitcoin does not work when you apply technical analysis as we have seen in the past, the fundamentals are what matters, and the fundamentals point to more helicopter money on fiat currencies deprecating them, which in turn makes BTC more valuable.

I think most of these forks are being tucked away for future mega pumps when a new wave of bubble heads arrive. They cost nothing, supply is tiny and they all have Bitcoin in the name. That's ultra prime pump fodder in the far future.

Definitely worse bloodbaths than previous the ones but I think this is not the worst one. We are still hovering over a good price point (BTC) and if you invested in early 2017, you are still in profit and you certainly outperformed other investment materials out there. From my point of view, and this is for the next 1 or 2 quarters of this year, we'll still see more consolidation and more bloodbaths.

The long-term trend that I see from the charts of BTC and other altcoins aren't good either. We kept on breaking support every week thus people are panicking to sell their coins at a loss and I think this will continue. We haven't reached the bottom yet.

Sometimes Bitcoin fall altcoin falls too vice versa unlike before that seems to be different they were opposite before but still Bitcoin is in the top among all of them. The bloodbath is finally done thanks to the G20 news despite of FUD everywhere because of banning this and that, at least it is slowly rising due to those bad news yet we are far away from $12k before the ATH.

Bloodbath must not be based on how far it dropped on their respective All-Time High but rather on the period where they established a "point of margin" or should I say, a price level that can be tagged as high and low.

Some ATH by most of the alts are product of manipulations so definitely we can conclude that overall, there was no resistance. There are even some alts who just feel their ATH for just a matter of few minutes due to the fact, it was manipulated.

Well to answer OP's question, no we haven't yet hit the bottom since the question here is "what is the bottom?" ; "can we consider this/that price level as a bottom?"

That’s a huge crypto correction I’ve ever seen and I think we already reach the bottom and its time now to pump this market. The first quarter of 2018 is about to end, and a new opportunity for us to witness a great price of all cryptos especially with bitcoin.

we may be near the bottom for bitcoin which is why the drops are becoming smaller and harder each time there is a dip but i seriously doubt that we are anywhere near the bottom for any of the altcoins. most of them went up only because there was a surge of investors (lot of money) in bitcoin which then migrated partly to these altcoins and now that they are panicking, all of that i getting out of them. and the rest of the investors are also going back to either fiat or bitcoin.

This is exactly my thoughts every time someone tries to sell me some alt they've been supporting. Great tech! The most amazing supporters and community! The most progressive developers! Sure, all those things have value, but does that value really translate well into price? At the end of the day, they can batter me for my choice in chiefly being invested into Bitcoin, but I'm a generic user with little time to spend with the amazing community and even less use for incredible technology. I want to keep using crypto for my needs, and apart from Bitcoin, I perhaps have some avenues for LTC, Monero and even ETH - but none of these have exclusive access for my needs that BTC already has anyway.

People are definitely tripping and they'll still insist even if this market continues in its slide.

Most of the coins have dropped to the value when they got listed. If only I knew this would happen or turn back time, I would sell all my altcoins on the first week of January and buy it again on this bear period.