Dump?

[parepare]

What is the reason of this drop? Any news i missed?

[grexmebeen]

What is the reason of this drop? Any news i missed?

maybe just a correction after the pump

[ahmadakbari]

It is just a correction and keep in mind that cryptocurrencies prices are always volatile. We've experienced things like this many times.

[wojak]

What is the reason of this drop? Any news i missed?

Someone just made his dream real, lambos, yachts, chicks and few islands.

[Kenny001]

Weekend correction.   Everyting red except NEO

[boranes]

Usual thing in market actually.
What goes up has to go down at some point.

[BMG86]

I think a lot of people are pulling out due to the major swings bitcoin is currently having. It sucks, because bitcoin goes on a rally, alt coins dump, when bitcoin starts to fall, altcoins also dump. Altcoins seems to pump when bitcoin is relatively stable, which only lasts for maybe a few days at a time.

[matteo96]

It's strange that so many different coins are falling together
yesterday my portfolio was 7k worth
today is something like 5k
i hope next week we will recover...

[Alanin]

Consider it as an oppertunity for alot of investment discount

[carlisle1]

It's strange that so many different coins are falling together
yesterday my portfolio was 7k worth
today is something like 5k
i hope next week we will recover...

Just always aiming for long hold and never to panic crypto will bounce back and recover as long as the dev still active and everything still moving properly it will recover and move up much stronger, keep holding mate everything still okay.

[Samarkand]

It's strange that so many different coins are falling together
yesterday my portfolio was 7k worth
today is something like 5k
i hope next week we will recover...

The reason for your observation is that most altcoins are heavily correlated to the development
of the BTC price. If BTC crashes, most altcoins drop too - and vice versa.

This is the case, because nearly all altcoins are not traded directly against fiat currencies and
instead only have a BTC trading pair.
You will find fiat markets only for the biggest and most popular coins like BTC, Litecoin,
Ethereum, Ripple, Monero and Dash. All of the remaining altcoins are traded only
against other cryptocurrencies.

[Legendari]

Relax, it's just a long-expected correction. I think up to 3K $.

[lexamagic]

Crypto-currencies are unstable, there will always be a recession, rise, the main thing is not to panic, but wait for the right moment, so everything is in order.

[Riuzan]

time to buy some coin : )

[JeffBrad12]

What is the reason of this drop? Any news i missed?

A lot of people are preparing for the segwit 2x update, that makes those are selling their altcoin and make another major crash for crypto. But this will not for a long time, after the bitcoin segwit 2x already deployed and all of the things will be back to the normal thing. The price will be recover and you can take a lot of profit if you could buy in the dip.

[CrowdFunder]

It's just a natural market. Btc got close to 5k$ , and then corrected, and still is correcting, the result is a little market death for now.
It can't just go up all the time !

[aragom]

What is the reason of this drop? Any news i missed?

there are big dumps is weekends. monday all coins make big pumps.

[matteo96]

It's strange that so many different coins are falling together
yesterday my portfolio was 7k worth
today is something like 5k
i hope next week we will recover...

Just always aiming for long hold and never to panic crypto will bounce back and recover as long as the dev still active and everything still moving properly it will recover and move up much stronger, keep holding mate everything still okay.

Thank you for the advice...you were right!!
It took little time to recover

[TimeHacker]

I see two reasons there:
1. BTC price reached $5000, which is a very strong psychological barrier. Many investors thus decided to take their profits at this level.
2. It might also be a typical weekend dump, abusing the fact that people can't deposit fiat money into echanges during the weekend. The dump triggers stop loss orders and price falls even lower. Speculators can then buy cheap BTC before the price goes back up during the next week, when people can send money to echanges again.

[Glok17]

I think that 5k is too much right now for bitcoin, he's not strong enough yet and grows too fast. Next time he'll conquer 5k height