Why altcoin price down during this week? What are the reason?

[endaiin]

Why altcoin price down during this week? What are the reason?

[passwordnow]

The same thing with bitcoin, law of supply and demand. After those people holding their respective alt coins are good with the profit so they started to sell that made the price low.

[JeffBrad12]

Why altcoin price down during this week? What are the reason?

There is no reason for this dump, I think the traders are trying to cash out their profit, and just waiting for another moment to get in again. You know that a lot of the red candle in every altcoin(included bitcoin too) It looks just a usual thing in crypto. If you already pumped and it will be significantly dumped as fast as possible. Don't worry about that. If you can buy them at the right price and you will be able to gain a lot of profit in the future.
This is just the matter of time until all of the cryptos get pump again.

[headachy]

Just taking profits and shaking weak hands so the prices fall down. The money flows back into crypto in a few days.

[xiaohang07]

Due to Ethereum's crazy congestion.

[grim789]

Why altcoin price down during this week? What are the reason?

It's just people taking profit. Just hold now cause it will go back up plus it's the weekend typically the prices drop on the weekends.

[gokayc]

Why altcoin price down during this week? What are the reason?

This is a just typical movement for altcoins. Not only for altcoins also as you can see same things happening for bitcoin too. Just normal ups and downs. Don't panic and be patience. Soon they must get back.

[xuan87]

This is a very common and will always be repeated, alt coin is only depends on trading to survive because the usage of alt coin still very little, so the price is really only based in the pump and dump from some group, so it's​a common thing to see all the price falling down suddenly, the investors is trying to build momentum, the price will go up again soon

[Gaman]

The crash by ethereum is due to fake news that the founder died.

https://steemit.com/ethereum/@gaman/the-reason-for-the-massive-sell-off-in-ethereum

[gatorNic]

I mean he kinda looks like he might die if he doesn't eat a sandwich soon.   

[CraigWrightBTC]

Why altcoin price down during this week? What are the reason?

Well i think the altcoins price down because of bitcoins price is down trend too
so the people who hold the altcoins sell them to bitcoins and exchange bitcoins to fiat money,
they are saving their funds on fiat currency because fiat currency is the most stable than digital currencies.

[Fioraver]

which altcoin were you talking?

i see the LTC is rising endlessly

[Eric Cartman]

because they mostly follow BTC, that is falling too

[Oilacris]

Why altcoin price down during this week? What are the reason?

No one knows but we can just simple tell that there are trader who do sell their particular coin which causes for a coin to dump its price or been decreased its just a simple supply and demand thing after all.There might be some concrete reasons but i dont have much time on knowing them the important thing is that you do know how to exit and to enter again.

[hajimasan]

Why altcoin price down during this week? What are the reason?

The main reason of the down in the price is not a single factor .
Here I have three different different reasons that why the price of the altcoins goes down in.the week .
1) The ico attracted the people more , so few of the Bitcoiner sold the altcoin and invested in the ico , results into down price .
2) Increase in the price of the Bitcoin , so to complete the demand of the Bitcoin they sold the altcoins .
3) The big movement of the Bitcoin legalisation is going on in the whole world , currently many of the countries the new new news are coming and saying that Bitcoin will legalise soon , this made the increase in the demand of btc and many of the people bought Bitcoin .
So to go behind the Bitcoin and increase in demand made the down of the investment in the cryptocurremcy market mainly for the altcoins .

[greenuser]

The crash by ethereum is due to fake news that the founder died.

https://steemit.com/ethereum/@gaman/the-reason-for-the-massive-sell-off-in-ethereum

So why did it not recover when it was discovered that the story was bull?

[rhamzter]

All I know is when bitcoin increasing value, all altcoins will be affecting because when altcoins price were moving raise the bitcoin moving down due to bitcoin was the basis of altcoins price.

[numanoid]

The crash by ethereum is due to fake news that the founder died.

https://steemit.com/ethereum/@gaman/the-reason-for-the-massive-sell-off-in-ethereum

I see, that's why ETH price dropped to 0.11 from 0.14 btc because this fake news. Just who the fuck spread that fake news.

So why did it not recover when it was discovered that the story was bull?

Because there are more people who want selling their ETH than the buyer?

which altcoin were you talking?

i see the LTC is rising endlessly

More than 60% altcoin price down.

[Dikobit]

isn't the first, not gonna be the last, chill

[olubams]

Why altcoin price down during this week? What are the reason?

The simple answer to that is understanding the basic reason why the price of bitcoin crashing because all cryptocurrencies are linked one way or the other and no matter the way we try to separate them, boom or depression happen to all of them at the same time depending on how dependent the individual crypto is to bitcoin.