What is responsable for the decline in Bitcoin and increase in Altcoins

[BUK2016]

Please can anyone explain to me the reason behind recent decline in bitcoin value and a sudden increase in altcoins to the turn that ethereum in particular move to the height of $325.16 of which it has never reach such a height in the last three weeks.
Your ideas are all welcome

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[ahmadakbari]

A lot of people were holding their bitcoins to get some free Segwit2x. The fork was cancelled and now they are investing in altcoins instead of holding their bitcoins. Now altcoins demand is much higher than past days.

[949miner]

This is like an retrogresion for bitcoin, because everybody is dumping some of their bitcoins in order to put that money again on altcoins, it is not good for bitcoin after all.. but we all know that everyday there is more volume on bitcoin and it will never stop, so i am so pacient with my bitcoins and i will keep holding them for some time.
it is still nice to see all the altcoins going up again, i didn't knew that it was going to happen just because of the Segwit cancellation, it is crazy because it just got cancelled a few days before it was going to get done, it is insane guys.

[LuanX3]

It's usually a seesaw kind of thing. When Bitcoins reaches a very high point it will eventally correct and when it does the only place people can move their bitcoins to are fiat or altcoins. Hence if bitcoins is going down then that means people are moving to altcoins and when altcoins are declining then people are moving to bitcoins. That's the usual course of things in trading altcoins. So you better watch out for bitcoin price movements that 's a good indicator when to buy and sell altcoins.

[joinfree]

bitcoin has only decreased because of the previous annoucements of the segwit fork, everybody was buying it in bulk options because people wanted to receive those free tokens like it happened with the previous forks of bitcoin gold and bitcoin cash. And nobody wanted to miss the opportunity of getting some free money again.
So after all, it was a failed fork, i dont know why it got reproved, but it made altcoins go up by a lot of money and i think that it was good for those who were holding them. But not for those who were holding bitcoins.

[alyssa85]

A lot of people were holding their bitcoins to get some free Segwit2x. The fork was cancelled and now they are investing in altcoins instead of holding their bitcoins. Now altcoins demand is much higher than past days.

This. The alts were oversold, and there are profits to made from investing in them.

[DaMut]

when we are seeing the pump,
they(pumper) will exhaust their money to pump it,and when we are seeing the dump they(dumper) will exhaust their holding.
it's a cycle,everything that goes up someday will goes down.
that is the reason behind this Dump and Pump,
a week ago we're expecting a fork that will happen this month,and many people buying Bitcoin because they want to 'get' something when the fork happen.
but the fork itself suspended due to 'some reason',so because of that move the decline will be happen because they're exhausting their money to pump it while they did not get something in return.
also,for them who is buying at the top will take other chance to overcome their losses by buying an altcoin.
right now some alts were oversold that is why we could see the pump.

[xypos]

Please can anyone explain to me the reason behind recent decline in bitcoin value and a sudden increase in altcoins to the turn that ethereum in particular move to the height of $325.16 of which it has never reach such a height in the last three weeks.
Your ideas are all welcome

Ethereum is actually not the biggest mover in the past few days. What is the bigest mover would be likes of IOTA, Monero and other coins that you can currently view on coinmarketcap.com in terms of 24h gains.

Bitcoin has obviously experienced sideways movement, and even negative movement in some cases.

In my opinion, this is purely normal market activity. Since people expected the fork to go through and alts crash, now that there is the opposite thing happening, they are moving their money away from BTC and into alts. This should be short term though.

[pooya87]

Please can anyone explain to me the reason behind recent decline in bitcoin value

there has been NO DECLINE in bitcoin value!
there has been normal fluctuations all smaller than 10% and if you look at the charts for the past 3 years you can see less than 10% is the normal  daily fluctuation for bitcoin. we can even consider it as stable price with bitcoin market standards.

and a sudden increase in altcoins to the turn that ethereum in particular move to the height of $325.16 of which it has never reach such a height in the last three weeks.
Your ideas are all welcome

because these altcoins have been getting dumped a lot in the past few weeks and market needs some correction now. so they recover a bit (in case of Ethereum that is 8% recovery) and for most of them it will be a simple dead cat bounce before they continue down to their real values at the bottom.

[ladydark]

It was mainly due to those people who just bought bitcoins only for claiming the free segwit 2x coins and have now sold it since the segwit 2x activation was cancelled.They have once again started to buy altcoins and that's the reason for bitcoin price drop and altcoin price rise.

It was an already expected move but,what is unexpected is the segwit 2x cancellation.Even if the activation had succeeded,they would have done the same thing happily with free coins in hand and now,they all were a little bit sad for not having free coins.

[edisystem]

Please can anyone explain to me the reason behind recent decline in bitcoin value and a sudden increase in altcoins to the turn that ethereum in particular move to the height of $325.16 of which it has never reach such a height in the last three weeks.
Your ideas are all welcome

It's because of the segwit2x cancelled and it makes Ethereum and other altcoins raise up. Before the segwit2x cancelled news appear, people sell all their altcoins to buy bitcoins. That's why so many altcoins price dropped so hard.

[South Park]

Please can anyone explain to me the reason behind recent decline in bitcoin value

there has been NO DECLINE in bitcoin value!
there has been normal fluctuations all smaller than 10% and if you look at the charts for the past 3 years you can see less than 10% is the normal  daily fluctuation for bitcoin. we can even consider it as stable price with bitcoin market standards.

and a sudden increase in altcoins to the turn that ethereum in particular move to the height of $325.16 of which it has never reach such a height in the last three weeks.
Your ideas are all welcome

because these altcoins have been getting dumped a lot in the past few weeks and market needs some correction now. so they recover a bit (in case of Ethereum that is 8% recovery) and for most of them it will be a simple dead cat bounce before they continue down to their real values at the bottom.

This is correct but bitcoin cannot lose a single dollar before people begin to claim that the sky is falling, bitcoin can move that much in a single day and it should not alarm us but people that bought at the peak get very worried not realizing that bitcoin just moves this way and they are the ones at fault by buying at the worst possible time.

[Cranidos]

Please can anyone explain to me the reason behind recent decline in bitcoin value and a sudden increase in altcoins to the turn that ethereum in particular move to the height of $325.16 of which it has never reach such a height in the last three weeks.
Your ideas are all welcome

The recent drop in Bitcoin's price was due to the cancellation of the Segwit2x hardfork. People are looting Bitcoin then because they are getting ready to receive free B2X but since the HF was cancelled, they sold their Bitcoins, thus making the price to drop. And when Bitcoin drops, Alts increases. This is because BTC hoders buys alts to conserve their BTC's value.

[samsgrant]

Please can anyone explain to me the reason behind recent decline in bitcoin value and a sudden increase in altcoins to the turn that ethereum in particular move to the height of $325.16 of which it has never reach such a height in the last three weeks.
Your ideas are all welcome

There was a fork planned and a lot of money moved in to bitcoin for that reason, when the fork was cancelled they money had to flow somewhere else and a lot moved in to alt coins.

[VanDeinsberg12]

Please can anyone explain to me the reason behind recent decline in bitcoin value and a sudden increase in altcoins to the turn that ethereum in particular move to the height of $325.16 of which it has never reach such a height in the last three weeks.
Your ideas are all welcome

The decline caused by the bitcoin cash itself, The people go to the bitcoin cash and put all of their money. That brings the more decline to the bitcoin's volume as the more people are converting their bitcoin and move into the bitcoin cash.
But this the price already back again, as those are realizing about the fact the bitcoin cash just another manipulation coin. They said that the bullish just for some hours and the dump just in some minutes.

[jerowacik]

Please can anyone explain to me the reason behind recent decline in bitcoin value and a sudden increase in altcoins to the turn that ethereum in particular move to the height of $325.16 of which it has never reach such a height in the last three weeks.
Your ideas are all welcome

Bitcoin prices will indeed affect the many movements of digital currencies in the world today. Bitcoin price movements can make the price of Altcoin change drastically, as happened some time ago we can see that Altcoin price has decreased drastically after Bitcoin price increase. but now everything is getting back on track, Altcoin prices can start to compete with Bitcoin and follow the positive treck owned by Bitcoin. this is certainly a good thing because then the increase and development of digital currency can evenly grow well.

[ipanks]

Please can anyone explain to me the reason behind recent decline in bitcoin value and a sudden increase in altcoins to the turn that ethereum in particular move to the height of $325.16 of which it has never reach such a height in the last three weeks.
Your ideas are all welcome

The decline caused by the bitcoin cash itself, The people go to the bitcoin cash and put all of their money. That brings the more decline to the bitcoin's volume as the more people are converting their bitcoin and move into the bitcoin cash.
But this the price already back again, as those are realizing about the fact the bitcoin cash just another manipulation coin. They said that the bullish just for some hours and the dump just in some minutes.

people thinking that they can make money from bitcoin cash while the price is increase but suddenly the price is decline to gets more higher and its dropped drastically and now the price it seems not going to higher again. this makes people come back into bitcoin again and we see the bitcoin price is moving to go up and now the price is up and down like usual. and ethereum as one of solid altcoins trying to increase and yesterday the price is reach $339 before down again at $329 but i think the price will be back to increase again.

[South Park]

I say that no one excatly knows what the reason for the decline was as there are no public polls. Some say it was segwit2x, but if it was segwit2x why is it already back to $7,200? It should be still below $7,000 if it was segwit2x! Then BCH mysteriously increased immensely while bitcoin dropped at the same time and so on!

Why altcoins have started to increase recently is surely because their market cap is relatively low compared to the fiat money market cap in the height of uncountable trillions and they still have a huge potential to increase the more famous they will become.

Bitcoin bounced back because some people got their profits with BCH already and they need a place to put their earnings and bitcoin is the best place to do it, besides some traders saw the chance of buying cheap bitcoin and that made to price to go back to its previous levels.

[uszaty43]

The only altcoin who is still growing a lot is Lisk, it has made more than fourty percent today, it is incredible.
From six dollars to more than 9,50 dollars in just less than 40 hours, it is amazing, i have never thought that this coin was going to make more than x5 in just six months.
I missed the opportunity, and i think that a lot of us have never believed in this coin.. but it is now being a huge boom. ethereum is going well too, bitcoin has went up by a lot of money and ethereum did not decline again, it means that it is freezed, but it still going up.

[eminemcookie]

Please can anyone explain to me the reason behind recent decline in bitcoin value and a sudden increase in altcoins to the turn that ethereum in particular move to the height of $325.16 of which it has never reach such a height in the last three weeks.
Your ideas are all welcome

My take on it is that the price of bitcoin crashed when the fork was canceled mostly due to FUD, at the same time bitcoin cash was pumped, part legitimately but mostly artificially, this only further fed in to the FUD around bitcoin. Altcoins especially ethereum saw a slight up turn because many people sold their bitcoin (obviously or price wouldn't crash) and then moved their money in to alt coins, ethereum is a natural choice being the second coin.