|
Mister1k
|
 |
November 11, 2017, 06:05:22 PM |
|
Altcoins are always in a way tied to bitcoin and we can see that they follow it somehow because their price is usualy determined with bitcoin price. That is the reason of current dump and the reason of bitcoin price dump is all this fuss around fork that was planed for next week and then cancelled. In one word at the moment there is a mess on the market. Bitcoin cash has went up though but that doesn't endanger bitcoin and long term it means nothing.
This is becuase happening due to effect of segwit2x hard fork cancellation. First of this month November you may find the peak level growth in the chart. Even all the altcoins value increases along with bitcoin but unfortunately segwit troll down the value in every altcoin chart. Keep hold your bitcoin wallet. If you sell it out you will face the situation like loosing all the money. |
|
|
|
|
|
|
|
|
|
|
|
|
|
"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
dali_masmoudi
|
|
November 11, 2017, 06:26:19 PM |
|
It is true that Bitcoin will drop but I Don't think it will be on this month. We are on the middle of November and it is not volatile as always so do you think that it is a sign of a big drop ?
Personally I see that it will drops in the middle of 2018.
|
|
|
|
|
|
Milo_Kidd
|
|
November 11, 2017, 10:38:00 PM |
|
I see that its dropping. But for me maybe its on the market why is it in that way. Its exchange rate and its value characteristics made it change time to time.
|
|
|
|
forbiddenone123
Member
 Offline
Activity: 174
Merit: 15
|
|
November 11, 2017, 11:11:21 PM |
|
with segwit cancelled we might see a bit of a drop in BTC
https://coinmarketcap.com/ in this stated that bitcoin is dropped quickly you think because of cancellation of segwit2x it a lot of impact to bitcoin as well to eth and ltc. Bitcoin cash is quickly increase because some when btc is cancel the segwit2x some of group moved to bch now so the price is dump quickly. What will happen to btc today. |
|
|
|
|
michellee
|
|
November 11, 2017, 11:14:41 PM |
|
actually i don't know what will cause btc, eth, ltc is dropping in this November 2017. maybe for btc there is any fork that will be happen, but for eth and ltc, I am not sure about bad news in out there and I think the price will be increase again in next month. I think its normal if the investor selling their coins to make big profit before the price is down too deep and they can buy back the coins while is at lower price. and if ltc will be increase in next year then I think this is the right time to add more ltc in our wallet so we don't have to missed the good chance in next year.
|
|
|
|
|
margarete11
|
|
November 11, 2017, 11:20:26 PM |
|
with segwit cancelled we might see a bit of a drop in BTC
yup definitely we could expect that so if you still have time to buy , buy more of this coins we could expect that the price will go up again within a next few days ! After all this price correction it will start to go up soon ! |
|
|
|
|
portotoi
Full Member
Offline
Activity: 280
Merit: 101
Blockchain with a Purpose
|
|
November 11, 2017, 11:33:10 PM |
|
The reason of that is that the investors sold all their coins that my cause lost of demand of the BTC, ETH and LTC and this may drop the coins value. But that similarity you mentioned was maybe a coincidence that this three coins (BTC, ETH and LTC) experienced the same problem that's why they have the same chart appearance.
|
|
|
|
|
Haladay
|
|
November 11, 2017, 11:35:13 PM |
|
So maybe this is an amateur question, but isn't BTG (Bitcoin Gold) a fork for Bitcoin to allow for GPU mining again - which in turn creates "free money" anyway? That gets made available tomorrow.
I'm still a little unconvinced as to why the Bitcoin fork for Segwit has affected LTC and ETH, since LTC already has segwit. It comes back to my original question really; why are all three dropping when really it should only be BTC dropping?
BCC and BTG price rise makes pressure on bitcoin and other great powers of the market. This is normal. They keep pressure hard on bitcoin, litecoin, ethereum and others including ripple. The only way to break this pressure is answering them on exchange platforms. |
|
|
|
|
Cult
Full Member
Offline
Activity: 479
Merit: 100
Enter the future of gaming
|
|
November 11, 2017, 11:40:36 PM |
|
Why are these three cryptocurrencies simultaneously dropping in similar patterns?
I've been watching them for a few days now on my phone, and even the graphical charts are showing massive similarities in the rise and fall of the cost, but the overall cost per coin is dropping and there's no indication online as to why this is happening...
Does anyone have any news articles that describe why these three currencies are all falling in price at the same rates? It can't just be a case of "investors are selling their coins", because the patterns are almost identical at some points across three currencies - the odds of that happening at the exact same time, for the exact quantity of coins to be sold to equal the exact same drop are probably somewhere in the 1:1000000 range.
Everything I've read so far indicates Litecoin will rise in 2018 hitting $300-400 mark, but at the moment it's on a downward change with no real explanation as to why..?
Where did you read litecoin will be hitting such value? |
● Play Learn and Earn blockchain game ● |
|
|
|
_Dawid_
|
|
November 11, 2017, 11:51:54 PM |
|
Yeah it is truth, i have seen it recently too. I am quiet surprised with this situation. At begining i thought that most of crypto users are newbie and the use only few basic trading strategy, so based on the common law of demand and supply it could looks like that. But then i have seen that in too many currencies... Finally the strong dump and pump on few choosen crypto very strange. If someone invest long term it have not bigger different, but for traders it must be very difficult to deal with it. Why all charts from top 50 looks the same everyday?
|
|
|
|
|
|
TTITA
|
|
November 11, 2017, 11:58:45 PM |
|
Well what I think is that , people were looking to invest in segwit2x thus they were selling off everything they had to invest in bitcoins.
Thus etherum and litecoin showed a massive decline in their prices.
Now people were investing in segwit2x so they choosed to hold their bitcoins here but now .. simce segwit2x ia called off.. suddenly the bitcoin bubble brusted.
Now those investors are selling off their bitcoins as well because no hard fork means no free money and no need to hold bitcoins, since they were looking for some quick money now they are investing in other cryptocurrencies.
Some groups who want to take some quick money from fork happening seems take much disappointed by cancellation SegWit2x . Bitcoin Cash, seems to be their target to wreak their disappointment and make money from it. This is very annoying, but many people has follow them steps. In result, BTC-Eth-Ltc was dropped dip in few days and still going. Are Btc price will be back? We need strong news and opinion to turn this condition around. |
|
|
|
|
|
kingvirtus09
|
|
November 12, 2017, 12:40:51 AM |
|
i'm sure all bitcoin alternative/clone will pump, and alts are going dump. i'll see to it that alts movement are going back by early 2018 and to all holders of this coins.. this are the months of crypto party January-June goodluck everyone  |
|
|
|
|
gredisgold88
|
|
November 12, 2017, 03:30:56 AM |
|
Why are these three cryptocurrencies simultaneously dropping in similar patterns?
I've been watching them for a few days now on my phone, and even the graphical charts are showing massive similarities in the rise and fall of the cost, but the overall cost per coin is dropping and there's no indication online as to why this is happening...
Does anyone have any news articles that describe why these three currencies are all falling in price at the same rates? It can't just be a case of "investors are selling their coins", because the patterns are almost identical at some points across three currencies - the odds of that happening at the exact same time, for the exact quantity of coins to be sold to equal the exact same drop are probably somewhere in the 1:1000000 range.
Everything I've read so far indicates Litecoin will rise in 2018 hitting $300-400 mark, but at the moment it's on a downward change with no real explanation as to why..?
last year bitcoin, eth and ltc increased this month. there is likely to be a huge sales this month BTC and ETH, while for LTC it is questionable whether to experience price declines this month ? mining with ltc still milling, but not with transactions using ltc, almost the same as dogecoin. but I believe LTC price can increases next year. |
|
|
|
|
|
francedeni
|
|
November 12, 2017, 03:50:31 AM |
|
i'm sure all bitcoin alternative/clone will pump, and alts are going dump. i'll see to it that alts movement are going back by early 2018 and to all holders of this coins.. this are the months of crypto party January-June goodluck everyone Bitcoin will surely pump up its price though btc has drops because of the segwit cancellation still we can see bitcoin will be high again. Well, there are many hopes also on altcoins will pump so lets give time to altcoins to rise the value. Rhen lets see its movement in the market. |
|
|
|
|
|
sapnu
|
|
November 12, 2017, 05:30:39 AM |
|
Why are these three cryptocurrencies simultaneously dropping in similar patterns?
I've been watching them for a few days now on my phone, and even the graphical charts are showing massive similarities in the rise and fall of the cost, but the overall cost per coin is dropping and there's no indication online as to why this is happening...
Does anyone have any news articles that describe why these three currencies are all falling in price at the same rates? It can't just be a case of "investors are selling their coins", because the patterns are almost identical at some points across three currencies - the odds of that happening at the exact same time, for the exact quantity of coins to be sold to equal the exact same drop are probably somewhere in the 1:1000000 range.
Everything I've read so far indicates Litecoin will rise in 2018 hitting $300-400 mark, but at the moment it's on a downward change with no real explanation as to why..?
The possible cause in my opinion for this downfall is that the segeit2x on November will be cancelled and with that, the demand fell down. It has something to do with the law of dekand and supply but the thing tgat matter is to look forward into investing now that the value of these coins are low. since it is expected that weeks from now it will eventually rise. |
|
|
|
|
|
jaocoincrypto18
|
|
November 12, 2017, 06:04:44 AM |
|
Why are these three cryptocurrencies simultaneously dropping in similar patterns?
I've been watching them for a few days now on my phone, and even the graphical charts are showing massive similarities in the rise and fall of the cost, but the overall cost per coin is dropping and there's no indication online as to why this is happening...
Does anyone have any news articles that describe why these three currencies are all falling in price at the same rates? It can't just be a case of "investors are selling their coins", because the patterns are almost identical at some points across three currencies - the odds of that happening at the exact same time, for the exact quantity of coins to be sold to equal the exact same drop are probably somewhere in the 1:1000000 range.
Everything I've read so far indicates Litecoin will rise in 2018 hitting $300-400 mark, but at the moment it's on a downward change with no real explanation as to why..?
Its been posted in the forum that there is coming bitcoin price corrections in which bitcoin price will fall, then i think this is it that the posted was for real because when the segwit2x was postponed it should be in favor of BTC to increase but instead the result was opposite in which bitcoin value is now falling. Ehereum also has its own problem in which ETH is now in controversies of hacking issue in which the latest was the hacked of Parity wallet. For Litecoin ,sorry but since the start i don't choose any altcoins other than ETH. |
|
|
|
|
iimstevo (OP)
Newbie
Offline
Activity: 9
Merit: 0
|
|
November 12, 2017, 10:40:37 AM |
|
Where did you read litecoin will be hitting such value?
I read 3 or 4 articles from different sources saying that they expect Litecoin to improve as they have a "floorplan" that stretches out until 2020 to keep the coin active and stable. Obviously it's all speculation, but $300-400 was referenced multiple times for 2018 - so unless the same author published articles for multiple sites, it seems to be a forming consensus. Its been posted in the forum that there is coming bitcoin price corrections in which bitcoin price will fall, then i think this is it that the posted was for real because when the segwit2x was postponed it should be in favor of BTC to increase but instead the result was opposite in which bitcoin value is now falling. Ehereum also has its own problem in which ETH is now in controversies of hacking issue in which the latest was the hacked of Parity wallet. For Litecoin ,sorry but since the start i don't choose any altcoins other than ETH.
Yeah, I read the news on Ethereum sites for the hacking issues, however I would have expected two unrelated events across two currencies (BTC + ETH) to react independently of one another, not have almost mirror image peaks and dips when you look at it on a 24 hour scale. |
|
|
|
|
Yadamosan
Member
Offline
Activity: 193
Merit: 10
|
|
November 12, 2017, 10:45:57 AM |
|
i'm sure all bitcoin alternative/clone will pump, and alts are going dump. i'll see to it that alts movement are going back by early 2018 and to all holders of this coins.. this are the months of crypto party January-June goodluck everyone Bitcoin will surely pump up its price though btc has drops because of the segwit cancellation still we can see bitcoin will be high again. Well, there are many hopes also on altcoins will pump so lets give time to altcoins to rise the value. Rhen lets see its movement in the market. that's just part of current downfall but surely the value will jumped high again as most of the people around here expect that btc will goes up maybe 8k-10k $ so lets face this reality of some corrections and downfall with this three known coins. |
|
|
|
|
windsee
Jr. Member
Offline
Activity: 54
Merit: 10
|
|
November 12, 2017, 11:15:57 AM |
|
good time to get a bit more  having say that, i think the trend of LTC and ETH is better than BTC this year, while BTC is still better overall in terms of the past track record |
|
|
|
|
|
aoihs00
|
|
November 13, 2017, 09:02:08 AM |
|
Well the quest for the acceptance of bitcoin continues from the amazon side but there is still no official updates form eh amazon itself as to whether they are really going to accept the bitcoin as mode of payment or not. If they do really accept the bitcoin then I’m sure they will make it public real soon. But to be honest the prices of bitcoin are fluctuating a lot these days and I’m not seeing any positive views from the amazon side itself. Amazon is such entity which is always welcoming for the new ways of earning and paying to their customer. It could be the case that many crypto livers might just have approached the amazon to make it better with bitcoin acceptance. Because there was nothing earlier this month when the news suddenly popped out form the community that they will be accepting the bitcoin. We will see what rally comes to our notice in few weeks from now.
|
|
|
|
|
|
