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Author Topic: Alts dropping – Has it started?  (Read 1892 times)
ttookk (OP)
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April 10, 2016, 11:59:33 AM
 #1

Soooo, apart from few exceptions, all major alts are losing value, but BTC is not rising significantly. What's going on? Is this due to the upcoming Halving? Some people say that at least ETH dropping is in anticipation of the Lisk launch, but that seems a little far fetched to me. What do you think?
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April 10, 2016, 12:01:37 PM
 #2

They are dropping because they were pumped. Now it`s time for these alts to go down.
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April 10, 2016, 12:06:41 PM
 #3

I think lots of BTC entered Poloniex to pump ETH. After they slowly exited, they also started pumping other coins a month ago. You could see that, since all coins started raising at same time. Now are withdrawing. 
ttookk (OP)
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April 10, 2016, 12:10:57 PM
 #4

I think lots of BTC entered Poloniex to pump ETH. After they slowly exited, they also started pumping other coins a month ago. You could see that, since all coins started raising at same time. Now are withdrawing. 

Got it. I'm very new and entered after the pump started, so I was missing the whole picture.
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April 10, 2016, 01:03:24 PM
 #5

It will go all back to prepump level from january now.

The crashing altmarked could also destroy the dreams of IOTA and LISK IPO buyers to get rich instantly  Tongue

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April 10, 2016, 01:34:58 PM
 #6

Seriously? What the hell crazy phenomenon is happening?!!

Every coin is crashing to unbelievable prices! Ethereum to < $8, Monero to < $1 and Factom to $1.1!

Why so serious? Why now? Why?  Shocked
TPTB_need_war
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April 10, 2016, 01:37:48 PM
 #7

What can't go up any more, and was based on hot air, goes down.

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April 10, 2016, 01:38:49 PM
 #8

Wow, I did not see that coming.  Shocked

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April 10, 2016, 01:47:06 PM
 #9

Most alts are fueled by speculation and have no real life utility.

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ttookk (OP)
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April 10, 2016, 02:19:54 PM
 #10

Most alts are fueled by speculation and have no real life utility.

"Most" is kind of an understatement… The whole market is artificial and everybody knows that. Which makes me ask: Why the dump? Who are the profiteers? Are people cashing out? And if yes: why now?
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April 10, 2016, 02:34:41 PM
 #11

not sure of what's going , but I agree the most with Febo
the whole alts were rising the last two weeks , and bitcoiners who entered early made good profits
in general Poloniex is lagging a lot today , a lot of people are online and are watching what's going
bring the popcorn guys  Grin
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April 10, 2016, 02:43:11 PM
 #12

Alts are dropping because of a combination of factor. This is the time of the tax season and holders will release their gain. During the past few months, many altcoins went up a lot because of hot money from Ethereum pumping up coins. Now whales are taking profit from altcoins and holding bitcoin before the halving.

     

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Sukovsky
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April 10, 2016, 02:51:59 PM
 #13

All them crying noobs. Lovely.
BTCLovingDude
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April 10, 2016, 02:57:50 PM
 #14

maybe it is all the start of the bitcoin price rise. all those money that is coming out of these altcoins needs to go in some place else.

i am sure not all of them will go completely out and most of it will be invested in some place else.

--looking for signature--
bitcoinlitcoinbtcltc
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April 10, 2016, 02:57:59 PM
 #15

LTC is not dumping, so stop lying with all major alts are dumping please.

Obviously, Ether is a scam, and therefore, smart people are dumping their zero-use, ipo, pre-mine, scammy ether shitcoins.

The reason why alts are dumping is: first sign of mega BTC & LTC pump this summer Smiley.
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April 10, 2016, 02:59:55 PM
 #16

maybe it is all the start of the bitcoin price rise. all those money that is coming out of these altcoins needs to go in some place else.

i am sure not all of them will go completely out and most of it will be invested in some place else.

agree

Bitrated user: pixel75.
ttookk (OP)
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April 10, 2016, 03:52:17 PM
 #17

LTC is not dumping, so stop lying with all major alts are dumping please.

Obviously, Ether is a scam, and therefore, smart people are dumping their zero-use, ipo, pre-mine, scammy ether shitcoins.

The reason why alts are dumping is: first sign of mega BTC & LTC pump this summer Smiley.

How about reading the whole sentence:

Quote
Soooo, apart from few exceptions, all major alts are losing value, but BTC is not rising significantly.
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April 10, 2016, 04:37:38 PM
 #18

What's old is new again.  Nothing new under the crypto sun
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April 10, 2016, 04:43:00 PM
 #19

Seriously? What the hell crazy phenomenon is happening?!!

Every coin is crashing to unbelievable prices! Ethereum to < $8, Monero to < $1 and Factom to $1.1!

Why so serious? Why now? Why?  Shocked

a) Cos you are a n00b and 'believed' in the faerie stories fundamentals put about to 'explain' the rise.

b) Cos you FOMO bought, whilst the smart money has been cashing out all the way up.

c) Cos this is what happens all the time with these worthless shitcoins.

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
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April 10, 2016, 05:19:22 PM
 #20

The money will come back in but the drop is quite stunning.

I love Bitcoin
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