Alt-coin Massacre continues

[jwiz168]

Now on its 3rd week , all we see is red color . Altcoins suffer a lot of bloody loss already and it continue to have a downward trend.

[asdalani]

Now on its 3rd week , all we see is red color . Altcoins suffer a lot of bloody loss already and it continue to have a downward trend.

A bunch of people might've lost money through the price of Bitcoin going down, they might've went into an Altcoin hoping that their coin will give them more Bitcoin though when the price of Bitcoin went back up they lost money due to the Altcoin going down in price.

There's some Altcoins that are holding strong though.

[BTCwriter]

Litecoin is doing pretty good.

[13abyknight]

This is probably the worst case scenario for altcoin holders, all they can hope is for BTC and their coins to get back on track before it completely derails.

[NeuroticFish]

Now on its 3rd week , all we see is red color . Altcoins suffer a lot of bloody loss already and it continue to have a downward trend.

There was huge pump, everybody was wondering what happened. Now obviously the correction came.
But I see coins that are not doing that bad or at least started to recover - litecoin, dash, monero, waves, decred ...
A lot of money is still in that market.

[rdnkjdi]

Now on its 3rd week , all we see is red color . Altcoins suffer a lot of bloody loss already and it continue to have a downward trend.

Bitcoin dominance is at 42%.  This is hardly a "massacre".  If a massacre happens you'll know it.

[El Dude]

Litecoin is doing pretty good.

This. Convert your shitcoins to Litecoin before it's too late.

[Red-Apple]

it was the pump, when you see an altcoin with 0 real usage is getting pumped to 0.152BTC you should also count the seconds until its bubble busts and the drops begin.
and that is what we are seeing now.

but the altcoins with better usage or altcoins that have not been pumped are currently rising.
LTC is at 0.02 right now and that is a 33% rise in this week

Bitcoin dominance is at 42%.  This is hardly a "massacre".  If a massacre happens you'll know it.

yeah if bitcoin also had a couple of billion (instead of this 16.5 mil) coins as its supply and had 90% of it premined then it would have had a bigger market cap.

[olubams]

Now on its 3rd week , all we see is red color . Altcoins suffer a lot of bloody loss already and it continue to have a downward trend.

I see this as a signalling effect to the supremacy of bitcoin in the crypto world because at the time there was the crashing of the price of bitcoin, all alt took a nose dive which is explainable because of the price of bitcoin but weeks after when the price of bitcoin is recovering it seems the alt are not just responding. I guess people are being careful without knowing the direction of the price alts generally.

[JesusCryptos]

Ther are also altcoin which are still only rising, like Byteball.

[Fredomago]

Now on its 3rd week , all we see is red color . Altcoins suffer a lot of bloody loss already and it continue to have a downward trend.

I see this as a signalling effect to the supremacy of bitcoin in the crypto world because at the time there was the crashing of the price of bitcoin, all alt took a nose dive which is explainable because of the price of bitcoin but weeks after when the price of bitcoin is recovering it seems the alt are not just responding. I guess people are being careful without knowing the direction of the price alts generally.

it seems that those who had been trap from the bubble show are trying to recover little of their investment so even selling at their loses they still
continue and waiting for another great timing to bounce back and like what you have said they are trying to be more extra careful with their actions.

[Ayers]

Now on its 3rd week , all we see is red color . Altcoins suffer a lot of bloody loss already and it continue to have a downward trend.

not true for all altcoin, nexus and spreadcoin and netko are in green, and increased a lot in the last weeks, they doubled their price, some shitcoin are in red and other not much, zcash is also holding strong, lbry got some red dumping, but overall nothing really changed only the diff went really high

[shifty30]

its not as bad as the weeks before, the entire market seems to be calm, we are slowly moving up and down compared to the weeks before where the total market cap went up and down with a total of 20-35bln we only see a difference now of 3-4bln.

bitcoin seems to be very stable at the moment and the other coins are not doing anything crazy either, i prefer this alot more than the weeks before.... who knows maybe we might go up after all 

so a massacre..... no not really. calm before the storm? mostlikely! lets hope its a storm upwards now downwards!

[Fantum]

Seems a lot of it is self fulfilling prophecy, people see some dips so they sell, often at a loss. This is not good investing. I have faith in the projects I've invested in so I don't mind a bit of a drop. I'm holding because I think they will go way higher in time. There is too much fear and following the herd in crypto trading. If people would just buy the projects they believe in instead of gambling on total go no where shit coins we would see much fairer prices on quality projects instead of money flowing into actual shit coins. Are people cashing out to fiat cause they actually think bitcoin will drop to $1900? That sounds like dumb money to me.

[Hamphser]

Not all altcoins are on red but there are still some on green but mostly of them are on red which means they are on the down trend and its not really surprising since cryptos do behave on this way and we do know that they are all volatile depending on the news or event that do happen on the market which really affects the price movements of those coins but eventually instead of worrying its the best time to buy cheap coins.

[stromae]

Now on its 3rd week , all we see is red color . Altcoins suffer a lot of bloody loss already and it continue to have a downward trend.

I always see the came complaints about altcoins and tokens. What is that guys and why do you always expect green color for altcoins? This is not possible. You have to see this.

[harveydent000]

I have the feeling, that we are about to slowly drop to 50-70B market cap because if you look at the all time charts there have been situations like this before...Well okay, you cant compare the circumstances now and then but there is also a lot of pyschology involved and cryptoland hasn't reached mainstream yet...i think the pump of this year was an approach to it but after all maybe a bit too early for the technology behind all these crypto things is too complicated for the everyday guy to understand and develop trust in it - yet.

[unusualfacts30]

I don't think it's that bad yet. I remember 2 years ago everything became red and there were thousands of threads. It's nothing compare to that time. Just usual up and down and lot of altcoins are riding bitcoin cottails. It goes up, they go up.

[andyf]

A correction may be coming. We’ll see, you can never know for sure. There are many opinions on why this is a bubble or not. Nonetheless if your strategy is to hold long-term, a correction should not be a problem.

[spartak_t]

I just pray we won't witness a Bitcoin chain split, because you will then see a true massacre. I also can't believe that tokens with huge potential such as BAT are trading below 5k satoshi, but that's the reality now.