Wa(t)ch_night()
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Activity: 336
Merit: 250
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October 20, 2017, 05:09:17 AM |
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Anyone knows why most alt coins price is dropping down?
i invest in many coins (+10) and all of them are dropping.
is this happens with all alt coins or only with ones i invested in ?
Now there is some kind of uncertainty, therefore, there is not much investment in coins, that's why the price falls. One bitkoin everyone likes, and everyone waits, when there will be a limit. Everyone is just selling other coins for his sake, but I hope everything will be fixed soon. |
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Rashid555
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October 20, 2017, 05:11:11 AM |
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Most altcoin prices are dropping down because with the passage of time the demand and supply of specific currency changes occurs and due to this all market forces the prices are up and down. For this time if we look at the current situation so in the couple of days many other crypto currencies have come to the market and because of that many altcoin users have shifted their money to other crypto currencies and that’s decrease in demand and increase in supple drop down these currencies.
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RoommateAgreement
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October 20, 2017, 06:02:51 AM |
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with bitcoin price stabilizing once again, we can see the altcoins are also becoming stable and starting to rise once again. although the pumped altcoins like ETH are still getting dumped and what we see now is the dead cat bounces for those altcoins.
you have to hope for bitcoin to stay at this price and not move much so that altcoins can start their rises. otherwise if bitcoin starts moving again, falling or rising, altcoins will continue to fall down more.
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Buying the dip...
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Pleione527
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October 20, 2017, 06:12:30 AM |
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I guess the price of alt coins are dropping because of the success of bitcoin, since majority of people are more interested in bitcoin investment they did not give much emphasis in alts and because of that the market for alts drops as well as their value. It may also due to the upcoming hard fork which will divert the market of bitcoin as well as affecting the market of alt coins.
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Uhde
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October 20, 2017, 06:20:48 AM |
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Because people started to exchange their altcoins to bitcoin. They want to have bitcoin gold during fork. After fork they will start buying altcoins again and they will recover quickly.
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hisuka
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October 20, 2017, 06:38:10 AM |
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When you invest your money in cryptocurrency expect the price dump and pump. But these days because of bitcoin price become increase the value the altcoins drops. Altcoins usually will recover and increase the value so choose the right to invest and wait to grow.
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Abarov
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October 20, 2017, 06:49:16 AM |
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Because people started to exchange their altcoins to bitcoin. They want to have bitcoin gold during fork. After fork they will start buying altcoins again and they will recover quickly.
Not only gold. This is only a small part. There two or three segregations of bitcoin follows, In November. |
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jiminez
Newbie
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Activity: 5
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October 20, 2017, 06:55:12 AM |
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Anyone knows why most alt coins price is dropping down?
i invest in many coins (+10) and all of them are dropping.
is this happens with all alt coins or only with ones i invested in ?
The idea is that currently due to the bitcoin hard fork people are selling altcoins and buying bitcoin. Just to stockpile their bitcoin to get a load of bitcoin gold after the fork. I personally dont believe in this because though this is true but still people know that dumping bitcoin gold will have very low profits. Just that being a new coin getting airdropped to everyone's wallet, it gives some free money. However there has been a small crash in bitcoin price yesterday as well. So I cannot vouch for this idea that the fork is the reason for dumping of every altcoin. Solid argument. the altcoins are bleeding as everyone is chasing to load up on BTC to benefit from the upcoming fork. However, my worry is how much will the bitcoin gold be worth after the fork. Is it worth the high price that btc has risen with in the past 2 weeks? |
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sunsilk
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October 20, 2017, 09:24:47 AM |
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Anyone knows why most alt coins price is dropping down?
i invest in many coins (+10) and all of them are dropping.
is this happens with all alt coins or only with ones i invested in ?
Nothing usual when the price of alt coins are dropping, it's either there is a btc event like hard fork and we are near to the 2nd hard fork for this year that will happen on October 25. And next month before the real test which is another hard fork we will see the price of alt coins are going down again, everyone will be buying bitcoin on that moment just like what's happening today. It's not a coincidence that the coins that you are holding mostly are dropping because it's a normal wave of market, just hold them. I reckon your points, hard fork makes most altcoins price down, which is very normal, people want to get free coins-bitcoin gold or other forks, so they sell alts. But they will buy in after hard fork. Alt coins price are always dropping whether it's hard fork or not, the market is always movable and also bitcoin is. And let's see the market of alt coins after these two hard forks for sure there will be still a price movement and it can possibly go up and later on will drop. Be used to the market as it's just a matter of up and down, this is how the market works for cryptocurrencies. |
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dhas
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October 20, 2017, 10:38:49 AM |
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Anyone knows why most alt coins price is dropping down?
i invest in many coins (+10) and all of them are dropping.
is this happens with all alt coins or only with ones i invested in ?
It is real, many altcoin price are dropping down maybe because there a hardfork coming this october. And every coin get affected. But for me there's nothing to worry because after this hardfork maybe the price of altcoin will gain its price and surpass their past value. |
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bananadines
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October 20, 2017, 10:45:51 AM |
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We saw a nice altseason before a couple of months. They all cooled down a little bit and I think thats a good time to buy know. The whole market things that the most coins are going to die in the next months! That exactly the point where you should fill your bags!
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Zicadis
Legendary
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Activity: 1386
Merit: 1027
Dump it!!!
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October 20, 2017, 11:06:39 AM |
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Often at times we see a dip in most altcoins because they are pegged to bitcoin to reflect their price and recently bitcoin has being performing well which has affected them negatively and not because of a fork or cryptocurrencies users are dumping their coins for fiat or btc.
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KluFf
Full Member
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Activity: 336
Merit: 100
Alfa-Enzo: Introducing the First Global Smartmarke
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October 20, 2017, 01:59:19 PM |
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Anyone knows why most alt coins price is dropping down?
i invest in many coins (+10) and all of them are dropping.
is this happens with all alt coins or only with ones i invested in ?
Some Altcoins got Affected from what other say Fake news from china. and maybe they just got affected from the hard pump of Bitcoin. thats why some Altcoin Price Drop and Unstable. Try to Research Some of the Altcoin so you can see their Movement on their graph so you can know that other altcoins except from what you invested to it dropped price. |
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Nick7815
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October 20, 2017, 02:26:52 PM |
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in general it's happening to all alts. you shoudn't get nervous, corrections are ok. and most of the people are goninginto bitcoin gold ate the moment. so just wait a bit. they're gonna rise again
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Colt22
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October 20, 2017, 09:49:54 PM |
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In my own opinion, altcoins are in red flags because of the bitcoin fork. Lots of people are selling their altcoins to have bitcoin gold on the 25th. For me this is a good time for buying altcoins as it may increase after the fork.
And what I think about this all myth is the reciprocal property of bitcoin and altcoin. Bitcoins are now going so up, they are continuously jumping and reached to $5600 and now prices are expected to go higher. On the flip side, the altcoins are not going up because of bitcoins’ high price. Yes well said, this is best time for buying altcoins and keep them with you until the price gets high. |
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faycel96
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October 20, 2017, 10:12:49 PM |
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My personal opinion October 25 The main reason of most alt coins price is dropping down is the next bitcoin hard fork 25 october after that most altcoins will return to his price .
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ethereumhunter
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October 21, 2017, 09:24:41 AM |
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Anyone knows why most alt coins price is dropping down?
i invest in many coins (+10) and all of them are dropping.
is this happens with all alt coins or only with ones i invested in ?
i think not only you that having the experience in many altcoin are dropping because i think we all have the same situations now. all we can do is having patience and waiting the rise of altcoin again but we don't know when that time is will comes. if you take a look in bittrex, i think there is still many altcoin is in green position and we can still make a profit from that but be careful because this situations can not predicted and we need to follow the market and not against it. |
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Fundamentals Of
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October 21, 2017, 09:48:16 AM |
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Anyone knows why most alt coins price is dropping down?
i invest in many coins (+10) and all of them are dropping.
is this happens with all alt coins or only with ones i invested in ?
I do not know if the people here will share my views. What I understand at this moment is that the altcoins are the ones receiving the serious blow of bitcoin surge. Bitcoin is already $6,000 as of the moment. This is a result of crypto supporters shifting to bitcoin because of the coming of bitcoin gold, that is also sadly pushing the altcoins down. |
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shirackjs
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October 21, 2017, 09:57:30 AM |
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Anyone knows why most alt coins price is dropping down?
i invest in many coins (+10) and all of them are dropping.
is this happens with all alt coins or only with ones i invested in ?
I do not know if the people here will share my views. What I understand at this moment is that the altcoins are the ones receiving the serious blow of bitcoin surge. Bitcoin is already $6,000 as of the moment. This is a result of crypto supporters shifting to bitcoin because of the coming of bitcoin gold, that is also sadly pushing the altcoins down. I have the same view as you and I believe many people think the same. I take this opportunity to buy more of the altcoins as I believe the altcoins will recover after the fork. I believe I will be able to earn a handsome profit from this. Good luck guys. |
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Taki
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October 21, 2017, 10:02:18 AM |
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In my own opinion, altcoins are in red flags because of the bitcoin fork. Lots of people are selling their altcoins to have bitcoin gold on the 25th. For me this is a good time for buying altcoins as it may increase after the fork.
That's right. People don't panic about the fork like it was before the 1st of August and the price for bitcoin was dumping. No, now everybody want free bitcoin gold coins and sell their alts to buy as much bitcoin as possible. It looks like new goin is really gonna worth something in other case I doubt that such agiotage would has place to be. So I am also going to join it and sell few alts to buy it back, but cheap after the fork  |
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