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jilani
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August 19, 2017, 06:38:28 PM |
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I think this main reason is Bitcoin is suddenly huge raising that's why alt coin market is huge dump.I hope after one week alt coin is pumping.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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sarul
Copper Member
Sr. Member
 Offline
Activity: 798
Merit: 250
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August 19, 2017, 06:52:08 PM |
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Everything about dump / pump looks dependent on bitcoin prices. Because bitcoin is mostly used as a price benchmark. When bitcoin prices go up, then everyone wants to have some bitcoin for sale that time. To get it, several people sell alt coin with a relatively cheap price to get bitcoin.
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ohlawdy
Full Member
Offline
Activity: 259
Merit: 100
- "Bitcore (BTX) - The Future is Now"
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August 19, 2017, 08:36:15 PM |
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Everything about dump / pump looks dependent on bitcoin prices. Because bitcoin is mostly used as a price benchmark. When bitcoin prices go up, then everyone wants to have some bitcoin for sale that time. To get it, several people sell alt coin with a relatively cheap price to get bitcoin.
This. Also sometimes you don't know why , it is just the way crypto works sometimes. |
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jamirrah
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August 19, 2017, 11:40:05 PM |
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It happens because of BTC pumping hard this past few days. Peoole might be selling their alts in a hurry in exchange of btc because of this. But I have also observe that even alts are showing to dump on exchangers some of them when I check price (USD) on coinmarketcap its price still goes up compare of yesterday's. Thae eth for example last time I check its 285$ and now around 290$ but on exchangers it has negative percentage and price against btc going down.
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jhonbravo
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August 20, 2017, 04:05:38 AM |
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Because Bitcoin Rising and other side BCC also rising
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suryati
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August 20, 2017, 05:06:23 AM |
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They sold their altcoins to buy BCC. The alt will be back to da moon soon.
Yes I think so many players in the altcoin market are selling their coins and glancing at bcc, and bcc seems to start to exist and back up after a few weeks ago the price fell. |
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Ctn
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August 20, 2017, 05:19:47 AM |
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If everything is dumping then keep it in positive way and start investing into most potential coin when it becomes very low. :-)
Well I don't think bitcoin has got to do anything with the altcoins pumping process. It might be just investors like us who are getting attracted to sone xyz ICO or may be investing into specific coin so as to other coins are getting disturbed. However, I always see this as new opportunity to invest into those coins which future of the big profits!
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douinaho
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August 20, 2017, 06:37:59 AM |
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So i always pay attention to bitcoin and altcoin, if bitcoin pump altcoin starts to happen slowly dump and when bitcoin stabilized altcoin start stable, otherwise if bitcoin occurs dump then altcoin dump is very far and if we notice altcoin will be stable bit long if stable bitcoin eat at least 1 week For stable altcoin  |
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Gastotade
Sr. Member
Offline
Activity: 545
Merit: 250
Colletrix - Bridging the Physical and Virtual Worl
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August 20, 2017, 06:40:32 AM |
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So i always pay attention to bitcoin and altcoin, if bitcoin pump altcoin starts to happen slowly dump and when bitcoin stabilized altcoin start stable, otherwise if bitcoin occurs dump then altcoin dump is very far and if we notice altcoin will be stable bit long if stable bitcoin eat at least 1 week For stable altcoin Yeah it seems alts depends on bitcoin performance. It will be much better if we should have alts and btc together to both get the benefits when one pumps. |
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yunuzov
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August 20, 2017, 07:20:23 AM |
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No matter why most important thing we need to do stay calm and don't panic. Tide will turn soon and pumps will start. Just try to buy some coins when they reach the bottom and you will benefit from this up and down trend.
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asma555
Full Member
Offline
Activity: 335
Merit: 101
Need Bounty Manager?Hire me on telegram @asma500
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August 20, 2017, 07:26:37 AM |
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btc is raising.it will be the main reason for dumping.BCC also raising.
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cozytrade
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August 20, 2017, 08:09:46 AM |
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I think becuase everything are dumping now is they want to buy BITCOIN because it will pump this week. Simple strategy of trader selling their altcoins to buy bitcoin (so altcoins will dump then bitcoin will pump) just a vice versa. Selling their bitcoin after the pump and buying altcoin when it dumps. This is my favourite things that always happening in crypto
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breeze170
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August 20, 2017, 08:12:54 AM |
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When bitcoin has chance to raise in value, people don't want to lose that chance and dump their coins to guy some bitcoins (to dump later again for alts)
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burdeN
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August 20, 2017, 08:45:09 AM |
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Why dumping? You are looking on the wrong alts  Look at XCP, MCO, DNT, BNB, ICN, ZRX. They will shine in nearest days |
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Altcoinster
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August 20, 2017, 12:46:34 PM |
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i think we just need a bit time before all the money flows into the most altscoins
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ahoenk
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August 20, 2017, 04:10:23 PM |
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are you new on the crypto world ? altcoin dumping is not something new, thats how coin works, the coin is move from weak hand to strong and believer hand, if you can not hold alt coin for long term dont do it, you will be bankrupt soon. DO the Research before investing in some alt coin !!!
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dasana212
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August 20, 2017, 07:51:01 PM |
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Price always gets pump and dump. At this time it's possible cryptocurrency investors are focusing on investing in bitcoins. So effect on dumped altcoin. This a trend and for trader make potential loophole to earn a bigger profit.
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