A month of bearish altcoin market? Why?

[Emperor of Man]

Hi.

This topic is created to discuss the reason of this bearish market we have had for a month or so...  

Why the hell is this happening? Most (if not all) of altcoins have been bloody red during last few weeks. Many valuable coins have crashed to price levels lower than their believed support or bottom levels (NAUT, XEM, BTS, STRAT, ...). The strange thing is that nobody has a good explanation for this. The only half-acceptable justification someone mentioned, is that people are afraid that maybe BTC will go up more, which hasn't happened yet...

So, what do you think is happening to alt market?

[freshman777]

To kick off pussies from this train.

[Turbo2]

I am wondering the same thing...And it's not just those smaller Alts that nobody has heard of, they are basically all affected including ETH and XMR  

Meanwhile, BTC price has been flat past few days...

[raphma]

i would say two main factors:
1. bitcoin has a bull flag, big investors are getting out of altcoins to go long on btc(since 580~590usd).
2. a few projects have stolen market from other alts, for example,  yesterday almost every altcoin were bleeding because of REP...

[Spoetnik]

Because i predicted it and said it lots.

I was the only one by the way.

Winter is coming and school is back on.. so yeah Bears.

happens like this every year as Winter comes..
Which is why i recently made a topic called "Winter is coming"
..saying the same thing predicting it.

i dunno when ya all are gonna start listening up. i am always right 

[laracna]

because alts tend to go up or not fall when bitcoin price is up and to go down when btc price is stable or falling

[Emperor of Man]

To kick off pussies from this train.

I sincerely hope that it happens. 

i would say two main factors:
1. bitcoin has a bull flag, big investors are getting out of altcoins to go long on btc(since 580~590usd).
2. a few projects have stolen market from other alts, for example,  yesterday almost every altcoin were bleeding because of REP...

Nice points, thank you. 

Because i predicted it and said it lots.

I was the only one by the way.

Winter is coming and school is back on.. so yeah Bears.

happens like this every year as Winter comes..
Which is why i recently made a topic called "Winter is coming"
..saying the same thing predicting it.

i dunno when ya all are gonna start listening up. i am always right 

You know, it's great that you finally accepted to be a FUDster (below your avatar I mean). 

[freshman777]

To kick off pussies from this train.

I sincerely hope that it happens. 

It will. Natural selection.

[European Central Bank]

Just goes to show how warped the poloniex scene is when people are asking why alts are going down.  There is nothing on this earth that doesn't go down.  There doesn't have to be a reason.  It's a natural cycle,  not that there's anything natural about the alt markets.

[Spoetnik]

Just goes to show how warped the poloniex scene is when people are asking why alts are going down.  There is nothing on this earth that doesn't go down.  There doesn't have to be a reason.  It's a natural cycle,  not that there's anything natural about the alt markets.

Patterns & Predictability all over the Altcoin scene..

This all operates in a rather simple fashion.

[Zer0Sum]

Hi.

Why the hell is this happening?

Hi.

Because every few months people realize that no one has delivered anything.

(1) BTC has not delivered mainstream users.

(2) ETH has not delivered any useful apps with a meaningful user base.

(3) XMR has not delivered any significant Dark Market volume.

(4) FCT has not delivered any revenue and insiders are selling.

(5) STEEM is down a full 90% with an abusive model based on 12th century Feudal System meets Hunger Games.

(6) NAV has delivered precisely zero anon.

(7) Another "reputable" Top 3 exchange is "hacked"... and then proceeds to openly swindle their Customers.

Etc, etc, so traders take their speculative profits... and wait for the next train...
Except the long-term losers in this Zero Sum Game = bagholders with "strong hands".

[talkbitcoin]

these periods of all red on the market happen all the time. if you follow the market for long term you see this especially when you open coinmarketcap.com

and in my opinion most of these reds are because of the pumps. what we see right now is the phase after the pump. take XMR for example it was pumped to 0.018+ and now it is slowly coming back down as everybody is cashing out.

[Emperor of Man]

Hi.

Why the hell is this happening?

Because every few months people realize

Great discovery. So, people did not realize these things a month ago and the market was bullish, but since they suddenly started realizing them, it became bearish?

Therefore, we must add the "people's realization level" to a crypto's analysis criteria. Like:

- Don't buy that coin, analysis shows that people will realize it's shit in 10 days, 2 hours and 28 seconds.

- Buy that alt, people are unlikely to realize it's failures for 6 months.

Brilliant.  

[disconnectme]

Hi.

Why the hell is this happening?

Hi.

Because every few months people realize that no one has delivered anything.

(1) BTC has not delivered mainstream users.

(2) ETH has not delivered any useful apps with a meaningful user base.

(3) XMR has not delivered any significant Dark Market volume.

(4) FCT has not delivered any revenue and insiders are selling.

(5) STEEM is down a full 90% with an abusive model based on 12th century Feudal System meets Hunger Games.

(6) NAV has delivered precisely zero anon.

(7) Another "reputable" Top 3 exchange is "hacked"... and then proceeds to openly swindle their Customers.

Etc, etc, so traders take their speculative profits... and wait for the next train...
Except the long-term losers in this Zero Sum Game = bagholders with "strong hands".

What will be said of Zcash in 3 weeks time

[robertkedves]

Hi.

Why the hell is this happening?

Hi.

Because every few months people realize that no one has delivered anything.

(1) BTC has not delivered mainstream users.

(2) ETH has not delivered any useful apps with a meaningful user base.

(3) XMR has not delivered any significant Dark Market volume.

(4) FCT has not delivered any revenue and insiders are selling.

(5) STEEM is down a full 90% with an abusive model based on 12th century Feudal System meets Hunger Games.

(6) NAV has delivered precisely zero anon.

(7) Another "reputable" Top 3 exchange is "hacked"... and then proceeds to openly swindle their Customers.

Etc, etc, so traders take their speculative profits... and wait for the next train...
Except the long-term losers in this Zero Sum Game = bagholders with "strong hands".

What will be said of Zcash in 3 weeks time

ZCASH will have a huge volume based on all the news and marketing they are having. Hopefully will not happen in first days what happened to REP )

[andreibi]

If you keep on looking for justification for every market cycles, you're always going to lose.

[tiggytomb]

Just one of those things, they'll turn green at some point.  Not a bad time to pick up your favorite coins for a cheap price right now.

[Shiroslullaby]

Everyone was expecting their favorite coin to skyrocket, and now that none of them did, everyone is pulling out.
This will lead to some good opportunities if you can predict which coin will go back up.
Or maybe everyone will just stay in Bitcoin and the price will go up to $8000 as some have predicted LOL.

[CoinsRoyal]

Everyone was expecting their favorite coin to skyrocket, and now that none of them did, everyone is pulling out.
This will lead to some good opportunities if you can predict which coin will go back up.
Or maybe everyone will just stay in Bitcoin and the price will go up to $8000 as some have predicted LOL.

I found out that not every coin goes down when bitcoin goes up. Only the coins with weak hands which are quite a lot. So even though i don't know wht tis happening, I am sure to hold both btc and altcoin on a fifty fifty rate.

[target]

investors have more trust to bitcoin to grow every year than those altcoins. i myself wouldn't want to buy from ICO but would rather save my btc.

Everyone was expecting their favorite coin to skyrocket, and now that none of them did, everyone is pulling out.
This will lead to some good opportunities if you can predict which coin will go back up.
Or maybe everyone will just stay in Bitcoin and the price will go up to $8000 as some have predicted LOL.

I found out that not every coin goes down when bitcoin goes up. Only the coins with weak hands which are quite a lot. So even though i don't know wht tis happening, I am sure to hold both btc and altcoin on a fifty fifty rate.

there are just few of those coin that goes up and mostly have potential use in the future.