Most altcoin prices are dropping, why?

[bebeko]

From the word itself, 'altcoin' means its just an alternative coin, many have tried to create alt coins when they found out that bitcoin did boom in the industry. But most altcoins prices dropping because of the usage of bitcoin.

[Spoetnik]

want to claim prices are "up" ?
want to compare user growth etc ?

Then you do it from the last major great surge of popularity.
You start counting from say OCT, NOV or even DEC 2013 until now.
THEN you show me your little graphs about how "ALL" Altcoins are going "UP" in value.

[pugman]

Sooner or later the coins that have true advances and development will rise and all the phoney meme wannabe coins will vanish. Buy wisely, look at what the devs are creating and the Long term plans.
I like someone else also own Bitbay along with other coins I think will do well in the future.

[JosNekoKopa]

ALTS are always good opportunity if you have much time for investigating and investing in right ones.
If you see prices falling it is time for buying not for panicking. I see many coins right now have really low prices, and some of them are already in accumulation phase.

[Emperor of Man]

Me and my friend's dilemma: we bought some altcoins.

I bought Fedoracoin, Factom and Monero; my friend bought Fedora and Syscoin.

Fedora: After 3 weeks of bullish market, right after we bought it for USD 0.000039 and 0.000035 respectively, it crashed and right now it's USD 0.000023!
Factom: I bought it for USD 2.25 and the coin which has been 2.6 one day earlier crashed to under USD 2 prices!
Syscoin: Right after my friend bought it today for 0.0093 its long time bullish market stopped and now it's 0.0091!
Monero: The only coin which has given me some small profit...

So, we can't help but think we are doomed or cursed by some kind of wizard to be the unluckiest altcoin traders ever! 

[JasonXG]

I think its time to buy and if you have altcoins keep them.

[jamesbo]

Everyone is cashing out the crap coins in order to buy more ETH

[arseaboy]

It is just because alt really doesn't have enough investor it is part of trading strategy of the whales who always do pump and dump after that nothing will happen to the future of any alt that has been made unlike btc who already established popularity and already used by established company.

[BellaBitBit]

I think its time to buy and if you have altcoins keep them.

Exactly.  There are a lot of interesting altcoins out there right now and some with some healthy market caps.  Might be a good time to grab cheap ones that are not scams and wait.  Some of these have major legs.

[Ayers]

Everyone is cashing out the crap coins in order to buy more ETH

don't think so, ethereum is dropping also, i think the demand is dropping, because the interested is lower now, or miners are dumping like mad

[freshman777]

Everyone is cashing out the crap coins in order to buy more ETH

don't think so, ethereum is dropping also, i think the demand is dropping, because the interested is lower now, or miners are dumping like mad

The demand will pick up at $2.

[talkbitcoin]

i am also an Amateur altcoin trader, i think you should not look too much into any change lower than 1% in altcoin market.

all the change percentages in the picture are 0.6-0.01% which is not really a big deal a market that is being pumped 10x and dumped the same amount down.

but also i think the reason for this downtrend is because all the investments are moving back to bitcoin for the halving big rise.

[alisafidel58]

I think why the alt are dropping is because people are holding their bitcoin and doesnt want it to be circulating in the market.
These people are waiting for the halving and they are gathering as much as they can.

[AfricanBloke]

Ethereum is a true wonder.  How it has grown this fast I have no idea.

[JosNekoKopa]

Ethereum is a true wonder.  How it has grown this fast I have no idea.

Probably because it has many whales as investritors so they protecting their investment for some time.
(Till you relax and forget that this is just another ico.) What happened with those ico projects and bot integrated wallets?
I remember last year few coins were so popular but at the end they were false promises and scams.

[qwizzie]

Most altcoin prices are dropping, why?

my theory : crypto-gravity

no cryptocurrency can escape it unfortunetely, it always catches up.

[Emperor of Man]

Most altcoin prices are dropping, why?

my theory : crypto-gravity

no cryptocurrency can escape it unfortunetely, it always catches up.

Will you please explain your theory a bit more?

[qwizzie]

Most altcoin prices are dropping, why?

my theory : crypto-gravity

no cryptocurrency can escape it unfortunetely, it always catches up.

Will you please explain your theory a bit more?

whats the saying again ? a picture is wearth a thousand words ?



to summarize : baddd crypto gravity guy / thingy

[tyz]

This pattern holds not for every coin but for most. You can observe it on each pump and dump of Bitcoin and now for Ethereum. There is also a delay sometimes. Correlation definetly exists.

All these altcoins has risen in the shadow of Ethereum. It is a common pattern. When the main coin (formerly only Bitcoin, now also Ethereum) rises then all other altcoins rise, too.  When the main coin drops (Ethereum) then all other drop, too.

Interesting idea, but if that's the case shouldn't all the coin charts (e.g. 7-day charts) look like together? As an example take a look at ETH and FCT charts. They don't look like together at all, do they? 

[limaphii]

Because people are in anticipation of BTC mooning. Happens everytime around OK quarterlys contracts are up. Alts will be strong again in a few weeks. Then when BTC halves alts will die for a bit again. Read the charts.