A month of bearish altcoin market? Why?

[RKS]

Typical seasonality. Buy up some cheap coins!

[schnib]

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 )

Won't be possible, because there is almost no supply on day1. So totally different than REP where total supply was there already

[shanem]

All these crash happen because the altcoin market was overvalued one month ago.
Now the whales/insiders are cashing out for Christmas and there will be no huge pump for the next few months at least. I don't think this is the bottom for the altcoins. Newbies will sell later at cheaper price and the volume will keep dropping. It is time to hold bitcoin and wait for early next year before putting your money into altcoins.

[Emperor of Man]

All these crash happen because the altcoin market was overvalued one month ago.
Now the whales/insiders are cashing out for Christmas and there will be no huge pump for the next few months at least. I don't think this is the bottom for the altcoins. Newbies will sell later at cheaper price and the volume will keep dropping. It is time to hold bitcoin and wait for early next year before putting your money into altcoins.

So you think there's a monthly or quarterly pattern for altcoins? Would you please clarify the pattern a little bit more (what happens at which month)? I created a topic for that, but nobody mentioned anything of that sort:

https://bitcointalk.org/index.php?topic=1420369.0

[ayesha sadiqa]

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.

yes that is a fact  that in alt section most of the coins remain inactive for most of the time and a few coins are used for trading but some time the inactive coins also get boost and become sky rocket, therefore there is always a chance of raising bitcoin price in no time.

[Chin Cheng]

so what is the next big thing in altcoin market ,have been hearing about Zcash,how do people evaluate it and   i heard about the big ICO's that happened in the past few months namely Antshare and ICONOMI,i didnt invest in them since i did not understand their business model,will be spending more time here as i am free till January.
stock markets perform according to seasonal changes does the alt coin market behave like that ? do you guys know any site where i can make some analysis regarding the altcoin maket

[nindie]

altcoin bearish because bitcoin price is incraese
altcoin price is calculated in compare price in dollar too in bitcoin
so every bitcoin incraese altcoin price is down

[UglyOldGoat]

Because as Tone Vays and others have repeatedly pointed out, bitcoin is the only blockchain.

Many fundamentalists and traders have wakened up to this fact.

That is the reason for the big dump in alts, all alts this month.

Moreover, the trend is likely to continue.

Anyone holding alts, even the super alts like eth, etc, xmr, fct, xcp, and clam have been declining.

Anyone followiing good trading strategies has continue to do well.

First Rule, not more than 20% of all crypto capital in alts, 80% always in btc.

Personally I have heavily spec long btc since the August decline (under $600) and started selling this week at 740 level.

80% of my profit is converted to btc and 20% into alts, but no eth or etc mainly xcp and clam.

I will continue this strategy on the way up if the uptrend continues.

This means I am selling btc high and buying alts low.

But always no more than 20% in alts.


Good trading to all, Ugly Old Goat

[Marma Kalari]

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".

1.But bitcoin is trending at the moment . did you mean ETC
2.it is just a gas project from the beginning
3.what difference does it make if it has a significant Dark Market Volume
4.Steem is just a Ponzi model

[Wesarind]

Typical seasonality. Buy up some cheap coins!

That could be right. Most altcoins are dropping in the price. That is good time to accumulate some coins.