BTC, ETH, LTC dropping November 2017

[krigger]

at the present moment bitcoin prices there is no decrease. bitcoin prices are now normal, there is no drastic decline. I hope bitcoin will rise this month.

Do you really think this post helps solve the OPs question? Obviously at the very second you post there is not going to be a significant drop or rise in the price. It takes place over at least an hour. But guess what? I think OP is right about a crash coming soon. $7,000-8,000 is just way too high to maintain over the long run. I don't see it going much higher before we see a major correction.

[sangwookie]

Yeah, it's facing resistance at 7800. It could fall. My alarms are set for it so I can be ready to buy. However, on Gdax, buying volumes are high but mainly small trades like .01 to .32. Luckily, you can skip the fees on this platform. The Korean BTC price is the same as the USA dollar price due to weakness of the dollar.  I am hoping for one more jump and then a fall.

[OuterTech]

about week ago, everyone thought that the segwit2x would happen as normal in 14 or 15 november so everyone tried to hold and buy BTC as much as they can that why BTC price increased a lot before the segwit2x but after that an announcement was published that the Segwit2x cancelled so everyone stopped holding their BTC and sold it out for cash or used to trade that why BTC price dump very quickly. Beside the whales also a reason for this case, they tried to dump price of Bitcoin to be able to buy it at lower price. For ETH and LTC, price of these altcoins often follow the price of Bitcoin so when BTC price dump, price of this coins also dump as well.

[CryptoBry]

Aside from that sudden fall last week as the aftermath of the SegWit2x cancellation and the rush towards BitcoinCash, I think what we are seeing these days are just normal movements for Bitcoin. Yes, there can be some corrections after hitting the $7,800 though nothing is really alarming. People who are into trading are the ones usually watching these movements which can mean big profits if played well.

[katiecbell]

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 most important reason for drop and rise in the value of different altcoins in bitcoin as bitcoin is the most values and famous currency it has become the center of trade for all coins. All the altcoin holders convert their coins to bitcoin as the conversion of bitcoin to cash is more easy and relevant than some other altcoin.

Bitcoin is also a trusted currency people every day earn in the form of altcoin and convert it to BTC as a holding currency as BTC price is increasing day by day and they get profit from it too.

[Fulmand]

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 most important reason for drop and rise in the value of different altcoins in bitcoin as bitcoin is the most values and famous currency it has become the center of trade for all coins. All the altcoin holders convert their coins to bitcoin as the conversion of bitcoin to cash is more easy and relevant than some other altcoin.

Bitcoin is also a trusted currency people every day earn in the form of altcoin and convert it to BTC as a holding currency as BTC price is increasing day by day and they get profit from it too.

Well, the dropping of cryptos is basically every november fork thats the effect of segwit. This trends be the basis were the crypto-currency falls down the price value. So many opportunities might happend if you do buying ang selling at this stage of fork.

[mr_enoc]

We are on our 3rd week but bitcoin and eth are doing fine. Their price are still high. I guess it will not drop this month. Maybe it will drop when another hardfork will come.

[lordquanta]

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...

Your observations needs correction at least magnitude wise. To begin with bitcoin, ethereum, LTC drop simultaneously. It does not happen that way. Check the graph of bitcoin over last couple of years. You will notice that the growth and swings shown by the bitcoin are very different. bitcoin has grown from 1200 dollars to 8000 dollars so far. In mean time bitcoin price plunged to 3300 dollars from 4900 dollars. It recovered and reached to what it is today.
Now check other crypto like ETH and LTC are at. ETH is around 400 dollars and LTC is at 72 dollars. Ethereum has already touched the 350-400 dollars club then it touched 201 dollars when bitcoin was at 3300 dollars. LTC also faced same pattern. Difference is in magnitude. Bitcoin is a numero uno crypto currency which holds more than 70% or crypto currency capital. Everyone trust in bitcoin. Thus when bitcoin is on roll (rising prices) other crypto will find some dip in price. After price of bitcoin become stable or correction starts price of other crypto starts increasing. Investors in the alt-crypto do this all time. When bitcoin price falls all other crypto also tend to lose their value as well. because of fear.

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..?

There are no such articles to show why it is so. If you follow the bitcoin and other crypto from their genesis then you will understand this behavior. LTC may hit 300$ mark. People were also claiming that bitcoin-cash is failure but look it is at 1200 dollars. And ethereum is on rise again.

[Kemarit]

We are on our 3rd week but bitcoin and eth are doing fine. Their price are still high. I guess it will not drop this month. Maybe it will drop when another hardfork will come.

Yes, both of them are really doing good as of the moment. Ethereum is above $400 now. Wow. Its been a quite ride for Ethereum in reaching this price today. Wonder who are pumping it. Almost all of the top 5 coins are green as well, so it means no one is shifting to Ethereum. I'm assuming that investors are shifting some of their cash to Ethereum or there is a new set of investors pumping it. Either case, its all good. As for Bitcoin, I don't think that it will go down significantly this month. It has recovered already and I'm not reading any negative news that will impact the current prices. Actually all I read is all positive. So consider another win-win month for bitcoin and even though there's such attempt earlier to pull the price back, it has recovered beautifully.

[Britegrafter]

I though they were supposed to drop too but instead of dropping they became worth more and more i did not believe that because i was ready to buy a lot of btc the only time it went down was when it got attacked and bcc went up because of that.

[Dudeperfect]

Well, the names you mentioned are the eminent coins in the crypto industry and hence we might see the same pattern in similar, positive or adverse movement in between these coins. Since these coins have huge market capital and tremendous trade volume, investors usually do not cash out their investment but they just spin it into the better alternative for the short or the long term. If someone is holding BTC and if he uncomfortable with the scheduled fork then instead of cashing out his BTC in USD or any other fiat currency, he purchases ETH or LTC if he finds stability during the BTC fork. If all the major coins are falling then, I do see some growth in the trade volume and price of top 10 to 20 alt-coins.

[CryptoUser25]

They need to drop sometimes because they can't fully go up always. We have seen now that all the coins here are going up so really we need to be patience.

We must never panic sell in order to get rich.

[dpositMaster]

Eventually big name coins should stabilize in price, this would make them usable for mainstream operations, however nobody knows when this happens.

[Ctn]

Negative. Well these coins are now going upwards and all the assumption you made up there are now going in wrong direction or we can say that exactly opposite things are happing as whatever you are predicting here.


These coins has got great potential due to their stand point in the crypto currencies. The lite coin well I’m not sure about this coin but the rest two are as always green and will catch up the fire even further. Just look at how beautifully both of them are growing and trying to make the way though all the chaos that alt coins have created in the first place. Hopefully thats our dafe house and it will never go down surely. :-)

[DannaWonder]

Negative. Well these coins are now going upwards and all the assumption you made up there are now going in wrong direction or we can say that exactly opposite things are happing as whatever you are predicting here.


These coins has got great potential due to their stand point in the crypto currencies. The lite coin well I’m not sure about this coin but the rest two are as always green and will catch up the fire even further. Just look at how beautifully both of them are growing and trying to make the way though all the chaos that alt coins have created in the first place. Hopefully thats our dafe house and it will never go down surely. :-)

Well it is natural for an alt coins price to go up and down from time to time. I remembered during the time that  OP posted this thread BCH reached the price of $2000 which only means that someone pumps the price of it and these three coins was used for that.

[iimstevo]

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...

Your observations needs correction at least magnitude wise. To begin with bitcoin, ethereum, LTC drop simultaneously. It does not happen that way. Check the graph of bitcoin over last couple of years. You will notice that the growth and swings shown by the bitcoin are very different. bitcoin has grown from 1200 dollars to 8000 dollars so far. In mean time bitcoin price plunged to 3300 dollars from 4900 dollars. It recovered and reached to what it is today.
Now check other crypto like ETH and LTC are at. ETH is around 400 dollars and LTC is at 72 dollars. Ethereum has already touched the 350-400 dollars club then it touched 201 dollars when bitcoin was at 3300 dollars. LTC also faced same pattern. Difference is in magnitude. Bitcoin is a numero uno crypto currency which holds more than 70% or crypto currency capital. Everyone trust in bitcoin. Thus when bitcoin is on roll (rising prices) other crypto will find some dip in price. After price of bitcoin become stable or correction starts price of other crypto starts increasing. Investors in the alt-crypto do this all time. When bitcoin price falls all other crypto also tend to lose their value as well. because of fear.

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..?

There are no such articles to show why it is so. If you follow the bitcoin and other crypto from their genesis then you will understand this behavior. LTC may hit 300$ mark. People were also claiming that bitcoin-cash is failure but look it is at 1200 dollars. And ethereum is on rise again.

You seem to be the only person that gets that I'm not making predictions, but I am trying to understand the correlation.
Granted I accept that over the year, the coin charts look very different, but I was monitoring the graphs on a daily basis (over the current day) and the peaks and falls were at the exact same time stamps. This is what was confusing me.

If I were to make predictions, I could see Litecoin hit £100 per coin (I'm from the UK) by around March next year on its current trend. Ethereum I would expect to continue to rise due to the vast amount of tokens becoming available which has a lot of people buying ETH in advance, which in turn should continue to grow the coins value at a steady rate. BTC on the other hand, I have no idea. It's the biggest coin and has a sort of monopoly over the market, so the more people get into cryptocurrency the more the coin would in theory grow in value.

[azguard]

Negative. Well these coins are now going upwards and all the assumption you made up there are now going in wrong direction or we can say that exactly opposite things are happing as whatever you are predicting here.


These coins has got great potential due to their stand point in the crypto currencies. The lite coin well I’m not sure about this coin but the rest two are as always green and will catch up the fire even further. Just look at how beautifully both of them are growing and trying to make the way though all the chaos that alt coins have created in the first place. Hopefully thats our dafe house and it will never go down surely. :-)

Well it is natural for an alt coins price to go up and down from time to time. I remembered during the time that  OP posted this thread BCH reached the price of $2000 which only means that someone pumps the price of it and these three coins was used for that.

Natural or not some are even follow bitcoin price change and they follow in price.
This may be good for someone who invested in some alt that is following bitcoin in price but everything else is the same.

Dont think this is dropping more is correction.

[Netnox]

As we debate about this, the exchange rates of all these currencies are at historic peaks. Bitcoin crossed the $8,500 per coin mark for the first time ever a few hours back. ETH is also back in the race and it is rising even faster than Bitcoin, with the current price at $470 per coin. Litecoin may have gone down against Bitcoin, but right now it is trading at $82 per coin, which is its highest ever exchange rate.

[iqlimasyadiqa]

As we debate about this, the exchange rates of all these currencies are at historic peaks. Bitcoin crossed the $8,500 per coin mark for the first time ever a few hours back. ETH is also back in the race and it is rising even faster than Bitcoin, with the current price at $470 per coin. Litecoin may have gone down against Bitcoin, but right now it is trading at $82 per coin, which is its highest ever exchange rate.

Everything has created a new record in the world of digital currency. We have already seen that there has been a significant increase for Bitcoin, Etherum and litecoin. This is clear evidence that there has been a significant rise in the development of digital currencies. I now have some coins that I save and I feel that I will benefit in some future time. I am sure that investing in these three coins will make us gain a lot of profit, believe me this will make us all happy.

[Kingofbitcoin12345]

I may wrong but the most I’ve heard of is the bitcoin cash support after a unexpected reversal of the November 16th fork.. Maybe also a coincidence as we know it is not always those three have same patterns all the time.. Maybe most push through to a more noisy campaign towards bitcoin cash as rumours and confirmation from the head of the development team of Segwit2x/Bitcoin2x announcements.. This is rare on my on view and this have nothing to do with the connection of this three..