Almost All Cyrpto Currencies Are Down At The Moment

[GetOutOfMyLife]

So much of altcoin hit support range, so they will increasing again at 3-5 days. Dont worry. Next month we have a Christmas -> demand on cash increasing. So everyone want takeprofit and cut loss to withdraw their cash?

[creeps]

So much of altcoin hit support range, so they will increasing again at 3-5 days. Dont worry. Next month we have a Christmas -> demand on cash increasing. So everyone want takeprofit and cut loss to withdraw their cash?

Hopefully this is the bottom now and all coins can bounce back. Cryptocurrency offers great service and I still believe that this is our future, the price will go up for sure next year so better to grab more token now to get higher profit.

[DannaWonder]

There are getting dump because of the comments by the CEO of USA Investment bank that "bitcoin is a vehicles to create fraud" and many newbie's traders that hear that comments or read it on social media are dumping the coins since morning. We should be using to this type of attention seekers and FUD creators which major objective is to drop bitcoin or others coin price in other to buy cheap.

I don't think that this is because of a FUD, it is normal that the price will fluctuate at this point, most investors set their threshold at $10,000 and new investors will most likely buy the coin when the price goes below $10,000. We might experience this fluctuation until the next weeks before it stabilize at that level.

[Teraboy]

So much of altcoin hit support range, so they will increasing again at 3-5 days. Dont worry. Next month we have a Christmas -> demand on cash increasing. So everyone want takeprofit and cut loss to withdraw their cash?

Those dumb person try to cut loss their investment. But they are all got surprised caused by the price of bitcoin jump back again to the sky. The bitcoin will always come with its new adoption by the new comers. Never try to worry about all of the thing that happened to the bitcoin. This FUD gives another support.

[alisafidel58]

Its only normal if you see a price drop for all coins thats what the market is, there wont be any profit if there is just a price hike.
Theres no need to worry about it,of course traders need to profit thats why you can see that the coins are drop it price.

[Bagaji]

BTC dropped. BCH dropped, ETH dropped. Here is my theory on this guys.

There is a few individuals on the live exchanges at the moment who are profit chasing by 20 dollars. For example. Loads of people will buy up to $10,000, soon as it hits $10,000 or a specific set number. You will see a massive number of sell rather than buy, but some will be still buying. Is it the new hedge fund guys getting in on it?

Those coins are on  the decline trend as a result of the fundamental news from US CEO that speak against Bitcoin and that generates panic sell as a result of the news. But this kind of reaction by the people create an avenue for rational investors to buy bitcoin and others at the cheaper rate and make more profit when ever their market value is appreciate significantly.

[fuer44]

BTC dropped. BCH dropped, ETH dropped. Here is my theory on this guys.

There is a few individuals on the live exchanges at the moment who are profit chasing by 20 dollars. For example. Loads of people will buy up to $10,000, soon as it hits $10,000 or a specific set number. You will see a massive number of sell rather than buy, but some will be still buying. Is it the new hedge fund guys getting in on it?

yes, it seems so. my opinion, is this the effect of the near of the christmas day and the new year that makes crypto go down. maybe early next year could rise again.
What is your opinion?

[Rana590]

Price always depend on the supply and demand. If supply is less than demand then price will go for high and if demand is less than supply, then price get down. It depends on selling rate also.

[lordquanta]

Price always depend on the supply and demand. If supply is less than demand then price will go for high and if demand is less than supply, then price get down. It depends on selling rate also.

Price dependence on supply demand is basic or fundamental of price pattern. The real reason lies in whether that supply and demand is natural or staged one. Many times the natural supply and demand in the crypto mostly alt crypto is observed when investors of bitcoin want to transfer the value to some safer alternative crypto.  This causes the rise in crypto price. When correction is over the bitcoin starts to rise again, then alt crypto value is transferred back to the bitcoin. Some people this way.
Many times, in the alternative crypto you could see that a sudden price surge is observed where the price goes more than 100% up within few minutes and after hour or two plunges back to somewhat original. This is typical pump and dump where investor pumps money in choosen low value crypto , after others starts to trade n purchase that crypto original investor cashes out investment with good profit.

[jaysabi]

BTC dropped. BCH dropped, ETH dropped. Here is my theory on this guys.

There is a few individuals on the live exchanges at the moment who are profit chasing by 20 dollars. For example. Loads of people will buy up to $10,000, soon as it hits $10,000 or a specific set number. You will see a massive number of sell rather than buy, but some will be still buying. Is it the new hedge fund guys getting in on it?

You think Bitcoin is down because you're comparing it to Government currency, you fail to realize that Cryptos operate under their own economy, it has its own financial ecosystem and global financial market. It's rising value is based on market adoption that constitutes its technological use.

It's a very easy concept. The more people join the network, transact with Bitcoin, accept Bitcoin as payment for services, store Bitcoin away to Hodle the larger the network grows. There's more fiat currencies in circulation than there are Bitcoins, there are more people than there are Bitcoins. The current price of one Bitcoin in Us dollars is a sign that you should probably exit the fiat currency system soon or at least within the next 2 - 3 years.
  
Bitcoin is not a hedge fund, a bond, or a mutual fund. Those type of paper instruments can be reissued as they only exist within the Keynesian Economic system. Bitcoin is similar to a very rare and scarce stone that has no other choice but to increase in value due to its intrinsically scarce nature and that is what you call Austrian Economics; it's a feature not a bug.

Rarity doesn't make something valuable, utility does.  I'm not sold on the concept Bitcoin will retain the current level of value once the current mania wears off. There are an increasing number of suitable replacements in crypto that do a better job of being Bitcoin than Bitcoin does. The main concern for a Bitcoin holder isn't whether crypto will continue to prove useful, but whether Bitcoin specifically will. And Bitcoin's value is down, because it is priced in USD and everything else is priced in USD too. When Bitcoin's value drops in USD, it's not just in comparison to government currency, it's in relation to literally everything, so that's not an accurate rebuttal.

[Gameroid]

Price always depend on the supply and demand. If supply is less than demand then price will go for high and if demand is less than supply, then price get down. It depends on selling rate also.

Price dependence on supply demand is basic or fundamental of price pattern. The real reason lies in whether that supply and demand is natural or staged one. Many times the natural supply and demand in the crypto mostly alt crypto is observed when investors of bitcoin want to transfer the value to some safer alternative crypto.  This causes the rise in crypto price. When correction is over the bitcoin starts to rise again, then alt crypto value is transferred back to the bitcoin. Some people this way.
Many times, in the alternative crypto you could see that a sudden price surge is observed where the price goes more than 100% up within few minutes and after hour or two plunges back to somewhat original. This is typical pump and dump where investor pumps money in choosen low value crypto , after others starts to trade n purchase that crypto original investor cashes out investment with good profit.

Yes that is right but i think it also depend on bitcoin price.