Altcoins is going down for real.

[jekjekman]

Why is it in the past 24 hrs almost all of the altcoins is going down atleast 10 percent in value even though bitcoin's price is steady at $2.5k. Is it contrary or something is really happening. Any thoughts?

[Lagduf]

Why is it in the past 24 hrs almost all of the altcoins is going down atleast 10 percent in value even though bitcoin's price is steady at $2.5k. Is it contrary or something is really happening. Any thoughts?

The more traders get panic caused by the strong FUD. Especially for the ethereum platform. I think you must try to read about the latest news of ethereum itself. There is a problem with the ethereum network and that will need to be fixed by vitalik butrin.

[shifty30]

Why is it in the past 24 hrs almost all of the altcoins is going down atleast 10 percent in value even though bitcoin's price is steady at $2.5k. Is it contrary or something is really happening. Any thoughts?

just like last time (not so long ago) we are having a dip and all alts will be in red, nothing new and it will happen a lot more, get used to it, this is the perfect time to make money

[gomei]

Why is it in the past 24 hrs almost all of the altcoins is going down atleast 10 percent in value even though bitcoin's price is steady at $2.5k. Is it contrary or something is really happening. Any thoughts?

just like last time (not so long ago) we are having a dip and all alts will be in red, nothing new and it will happen a lot more, get used to it, this is the perfect time to make money

I remember the last time we are having a dip is just a month ago, on 26th May. The price of ETH dumped to $150 and almost every altcoin went dowm at least 50% percent. I do not know the exact reason and I guess the reason may be from the ETH.

[henkcryptotank]

Why is it in the past 24 hrs almost all of the altcoins is going down atleast 10 percent in value even though bitcoin's price is steady at $2.5k. Is it contrary or something is really happening. Any thoughts?

just like last time (not so long ago) we are having a dip and all alts will be in red, nothing new and it will happen a lot more, get used to it, this is the perfect time to make money

I remember the last time we are having a dip is just a month ago, on 26th May. The price of ETH dumped to $150 and almost every altcoin went dowm at least 50% percent. I do not know the exact reason and I guess the reason may be from the ETH.

Most of new people that came in june, came in crypto through eth. What happens when eth tanks? ( which happens every month or so) All the noobs panic and jump ship. The bigger crypto gets, the bigger these kind of swings get. I have 0 worries though, that come wednesday everything normalized again. Maybe even sooner.

Greets Hank

[gokayc]

Most of new people that came in june, came in crypto through eth. What happens when eth tanks? ( which happens every month or so) All the noobs panic and jump ship. The bigger crypto gets, the bigger these kind of swings get. I have 0 worries though, that come wednesday everything normalized again. Maybe even sooner.

Greets Hank

I totally agree with you. There are tons of new guys who joined to crypto world to just mining while they don't know anything about mining. most of them just mine and sell. at the same time so many new investor. Since they don't know how much volatility coin world, they panic easily and sell.

[SimmonenY]

Nothing to be afraid of, it's usual turbulence. Everything will go back to normal prices, just don't panic and sell or you'll make it only worth.

[Red-Apple]

it is not just in the past 24 hours, this has been going on for a while now. the bubbles that everyone was warning you about are now popping and the drops are only getting bigger like an avalanche.
this is the first phase where people still have faith in many altcoins so the drops are small like -10% but when a couple of days go by each with another -10% all those people will give up and instead will start panic selling. and that day is the day you should fear the most.

[chichigirl]

As I have read from some threads, altcoin growth is based from Bitcoin's price. If Bitcoin is going for a big down movement then altcoin will go down too. Some people called it retracement.

Why is it in the past 24 hrs almost all of the altcoins is going down atleast 10 percent in value even though bitcoin's price is steady at $2.5k. Is it contrary or something is really happening. Any thoughts?

[jjacob]

Why is it in the past 24 hrs almost all of the altcoins is going down atleast 10 percent in value even though bitcoin's price is steady at $2.5k. Is it contrary or something is really happening. Any thoughts?

Bitcoin has not been steady. It is moving down, albeit slowly.
The alts are more sensitive to the underlying market sentiment. In a downtrend, they tend to fall much more than Bitcoin.

[dbc23]

Why is it in the past 24 hrs almost all of the altcoins is going down atleast 10 percent in value even though bitcoin's price is steady at $2.5k. Is it contrary or something is really happening. Any thoughts?

Bitcoin has not been steady. It is moving down, albeit slowly.
The alts are more sensitive to the underlying market sentiment. In a downtrend, they tend to fall much more than Bitcoin.

Yup.  Also it doesn't help that most portfolio valuation is done relative to BTC so when a dip starts on BOTH alts and BTC at the same time the drop is compounded.

Retracement is a fancy word for a market correction, which is a short hand for "everything grew too quick and now we're seeing the drop to real value".

This happens in any market and there's no magic way to predict when or how far a correction will go, as an investor only you can decide what's right.

Personally, i'm holding most long term, and this drop isn't anything new or particularly scary, i still anticipate long-term growth.

[gregory51gosh]

It is for sure relation of ETH to other.

I wonder it ETH loss is related to this: https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart there is high probability that since 2-3 months there may be ASICS, many people may started to realize profits.

It would give a long-term tendency of loss..

What do you think?

[omonuyak]

Ethereum network is currently have problem and many traders a selling out of panic. Panic selling create opportunity to buy cheap and wise traders always take this opportunity to buy and in future sell high and this circle will ever continue. The amateur buy high and sell low out of panic why the wise buy low and sell high for profit.

[xhienigat]

Yeah they are going down almost every week and as bitcoin is going down too, the altcoins are following bitcoins price going down. That's just my observation though for the past few weeks.

[befrank]

It can't go up all the time, once in a while it has to go down in order to go up again. I am sure everything will be fine in the end. Let us wait another day. Most of the coins have seen massive losses. I am pretty sure everything is going to be nice and green again.

[Juiceboxx]

This is way over due. Time to get rid of scared money in this market. Another 20% drop will make things real sporty.

[virtualdn]

The bubble is gonna pop!! Get out while you still can! It's the sign don't ignore it.

[bkbirge]

As a new investor to this space I can see how the network issues would drive out retail money. Half the time I can't even see my balance at coinbase, and from reading other posts the level of service/trust available at the exchanges varies wildly from meh to god-awful which if you are coming from the world of stocks is a real eye opener. I'm holding long so I'm not particularly concerned, but I also don't have a lot invested and I'm more tech savvy (as I'm sure most are who've been in crypto longer than me) than the average retail investor. Nothing inspires selling like not being able to get access to your money. I think that fact that there are some serious growing pains technically on top of the typical lemmings that come in on a peak and wash out on the dips creates the situation we are in now. Personally I'd love to see a crash because I think the underlying concept is here to stay and I'd like to load up.

[Minecache]

It's the shakedown to get rid of all weak hands. We all can't be millionaires. Buy the dip.

[patroncito]

CRYPTOCURRENCIES ARE THE FUTURE. Everybody should be invested for the long term. This is a new tech and prices will go up somehow. This is just my opinion