Altcoins are dying !!!

[warden]

just woke up on this massive dump !


what do you think it's causing this ? and do you think this is the best time to buy ? or it will dump even more  

[1714671375]

1714671375

[1714671375]

1714671375

[1714671375]

1714671375

[MiningSensei]

What dump are you talking about? Are you talking about the alt/btc ratio or just the value in dollars?

just woke up on this massive dump !

Because  the value in fiat has been rising for almost all the altcoins that are now listed on the market.

And the value in btc ratio has been going down for a while, ethereum was more than 0.12 in July, and now it is just 0.03 each one of them, more than 400% of decrease in just a few months.

But the price is still going up, only that it is not following the bitcoin price pattern.

EDIT: Your image link is broken.

[Trimegistus]

just woke up on this massive dump !


what do you think it's causing this ? and do you think this is the best time to buy ? or it will dump even more  

There is no dump going on. Unless you are referring to some crappy coins, not even worth mentioning. The major ones, the real ones, the solid ones are generally experiencing a value rise accompanying the rise of BTC fiat value.

[onlinedragon]

This is happening all the time when Bitcoin is setting a new all time high, it’s a high risk to trade any altcoin paired with Bitcoin. By this reason I started trading altcoins paired with usd(t) and patience is the key to success.

[Immakillya]

Expect more dumping in the following days because Bitcoin is sucking most of the volume in the altcoin markets and also there are hardforks to be followed so expect the altcoin market to bleed. I lose huge amount from the dump. My trades failing. That fine with me. Anyway, altcoin are getting more cheaper. So i take it in a positive way. Some altcoins are pumping because of good updates. Like IOTA. Iota is pumping for days now because of huge announcement. But it's now going to a retrace.

[Trimegistus]

This is happening all the time when Bitcoin is setting a new all time high, it’s a high risk to trade any altcoin paired with Bitcoin. By this reason I started trading altcoins paired with usd(t) and patience is the key to success.

Indeed, but that can not be considered as a dump. I would say it's a side effect of the BTC/Altcoin pairing and it is not affecting all altcoins in the same manner.

[crabby]

I would not call this a dump. If you look at the history of coins, you can quickly see that the trend cycles. The cycle simply oscillates between mostly increasing to mostly decreasing. Generally, if you look at all of an exchanges cryptocurrencies and sort them by most profitable to least profitable, you can place a pivot at the 0% mark. This pivot point will cycle from mostly positive to mostly negative ever so often. It's nothing to panic about, but it can be used as a trading tool if you know how to use it.

[poloniex777]

the market is very good to buy

[Albert211994]

That is a normal cycle, bitcoin is surging up so the pri e of alts in term of bitcoin is going down but its equivalent is usd is still the same. It will start to grow back once bitcoin settles down again. And if it helps, eth is still growing, so stable coins adopt quickly to the price of bitcoin.

[Pedro18]

just woke up on this massive dump !


what do you think it's causing this ? and do you think this is the best time to buy ? or it will dump even more  

It is because of bitcoin, bitcoin now is unstoppable. Look at the price of bitcoin now, so really hard to stop. But it is okay. Altcoins has the time, maybe next year.

[Suslived]

Damn, never expected it to be this bad. I guess DIVERSIFICATION really is an important aspect of any investment. Should have saved more money kept in BTC. Oh well, i'm confident prices will stabilize soon. Bitcoin is really the king.

[Chris!]

Overall my blockfolio is up. That's all I look for month over month. These short term rises and drops don't mean a thing. 

[Bonanzacoin]

why tf dont alts go up if they are all valued in satoshis. I allways hear alts go up cause value of btc goes up, so why and how tf r they goin down 

[Knightly]

It's a bloody crazy time to be in alts.

My portfolio is (mistakenly) 100% alts, so I watch my portfolio's sat value go down and down, but the dollar value going slowly up.

I do hope alts have their time soon. Live and learn!

Good luck out there everyone.

-Knightly

[franss]

The cause can be accompanied by high bitcoin prices. If you want to buy altcoin, you should be able to choose which altcoin you should buy if you can not make the right choice, you will definitely regret it.

[erickkyut]

This is very much expected due to the upcoming hard forks. People are dumping their altcoins for them to have more Bitcoin before the fork happens so that they can get an equivalent amount of the coin from the fork. Rest assured that the altcoins will be back on its track after the hard fork. It is the best time to buy more altcoins and add them on your portfolio.

[DiniazRosa]

This happen because bitcoin jump from 12k$ to 14k$ in few hours. Altcoins not dying, you still have the same usd when you invest in altcoins.

[vanedwap]

as we expected alt coin always dumped when bitcoin is up, when the price of  bitcoin gets stable thats the time that our alts price will increase

[Dudeperfect]

I believe that the falling market is the best time to get started with it. I am in the process of doing the research in alt-coins and I believe systematic investment plan would work best in such conditions because everyone is running behind BTC (including me) and ignoring the market potential of alt-coins. I am expecting a huge growth in the price of Bitcoin in the coming years but we should never underestimate the altcoin market in my opinion.

[MarconyGL]

He gave an example in relation to bitcoin and thinks that there is a dump, and you tried to look and see the real things without a binding. Then you will understand that this is beneficial and people are gradually moving to alts.