Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Davidbike1 on July 20, 2018, 09:50:47 PM



Title: Altcoins harsh sell off past 2 days
Post by: Davidbike1 on July 20, 2018, 09:50:47 PM
I wasn't sure if there is any news why most of the altcoins have been aggressively selling off very strong today after a negative day yesterday.  If so could it be because of the congressman article?
https://www.digitaltrends.com/computing/congressman-wants-cryptocurrency-banned-in-america/

I trade frequently on Poloniex and the average coin is down like 10% today after most were down yesterday and I don't why but either stop losses were triggered or some whale(s) or panic sellers dumped heavily on eth/btc xrp/btc fct/btc btm/btc dash/btc all about 2 hours ago.  I just bought more factom and dash when I caught them low like this.  
https://poloniex.com/exchange#btc_fct
https://poloniex.com/exchange#btc_btm
https://poloniex.com/exchange#btc_eth
https://poloniex.com/exchange#btc_dash
https://poloniex.com/exchange#btc_xrp


Title: Re: Altcoins harsh sell off past 2 days
Post by: HSRP on July 20, 2018, 09:53:42 PM
I wasn't sure if there is any news why most of the altcoins have been aggressively selling off very strong today after a negative day yesterday.  If so could it be because of the congressman article?
https://www.digitaltrends.com/computing/congressman-wants-cryptocurrency-banned-in-america/

I trade frequently on Poloniex and the average coin is down like 10% today after most were down yesterday and I don't why but either stop losses were triggered or some whale(s) or panic sellers dumped heavily on eth/btc xrp/btc fct/btc btm/btc dash/btc all about 2 hours ago.  I just bought more factom and dash when I caught them low like this.  
https://poloniex.com/exchange#btc_fct
https://poloniex.com/exchange#btc_btm
https://poloniex.com/exchange#btc_eth
https://poloniex.com/exchange#btc_dash
https://poloniex.com/exchange#btc_xrp
The market is down about 5-10% of most coins, maybe this is a bad signal or a form of killing margins of whales. Keep a close watch on the market to make the right investment decision.