why most alt coins price is dropping down?

[denny27]

Surely many investors are lately more interested in bitcoin in investing, selling their altcoins and switching it all on bitcoin to caused the price of altcoins was falling down. But the point is that even though most altcoins has decreased, it doesn't mean the possibility of all altcoins will continue to decline, I still believe that some altcoins will bounce back and show a bright side in price movements that return to the altitude. It's good I think at the moment if we want to investing in altcoins.. investing it for the long term and choose the right altcoins for it.

[1714860159]

1714860159

[1714860159]

1714860159

[1714860159]

1714860159

[andthereyou]

Altcoin investors are pulling out their coins and reinvesting it on bitcoin for the purpose of obtaining bitcoin gold. That diminishes most of altcoin's market cap making their price low. Don't worry though, after the fork prices would pump again like crazy.

You nailed it  Not only investor are pulling out their money but also the traders. They invest or trade their money for bitcoin thus altcoins price go down.

[Latinast]

Altcoin investors are pulling out their coins and reinvesting it on bitcoin for the purpose of obtaining bitcoin gold. That diminishes most of altcoin's market cap making their price low. Don't worry though, after the fork prices would pump again like crazy.

You nailed it  Not only investor are pulling out their money but also the traders. They invest or trade their money for bitcoin thus altcoins price go down.

The Dash price rose 16% today!

[mariahelena]

not all coin will survive here.
sometime, they exist and popular in first time the end of ico, and than gone

[Tapyaks72]

not all coin will survive here.
sometime, they exist and popular in first time the end of ico, and than gone

Many Altcoins go down because of competitions there are lot ICO that sprout like mushrooms in the market place there is no regulations implemented everybody can Produce ICO, and also Bitcoin is price is soaring high all investor is eyeing BTC is the best cryto currency  to invest with.

[tranle789]

Most of them are due to the rising Bitcoin prices and we can not predict. I think before investing in altcoin, you should analyze the BTC beforehand as it can greatly affect all altcoin. Just invest at the time when the price of BTC signs up, you can hardly make a profit

[Oasisman]

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 because the exchange rate of the altcoins are depending against the value of Bitcoin. When Bitcoins value is rising , then its an indication that it is not good to invest altcoin this time. Heres the usual set up. When altcoins are rising , Bitcoin on the other will drop, because a lot of investors are pulling out their money and putting it to altcoin while still hot. But be careful on following the hype of altcoins, because theres a huge possibility that it could be pumped and dumpped right away.

[lazy-physicist]

The price of Bitcoin is probably the cause of it.

[lifengpu]

The price of Bitcoin is probably the cause of it.

I agree with this the fact that it has no influence whatsoever on the price of coins, although there are soon other reasons as demand for example

[xandriel]

I think it is because of Bitcoins growth. Investors just focus on Bitcoin and forget other coins.