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Author Topic: what is reason behind fallen price of Altcoins?  (Read 408 times)
jatin729
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December 08, 2017, 05:32:17 AM
 #1

I just had gone through cryptocurrency exchange where i find something that totally shocked me. I had seen many altcoins price down ( ERC token) which are listed on exchange. IDK what is reason behind it ?  
Maybe because of Bitcoin price. It may carry on in future if bitcoin price with increasing same rate.

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December 08, 2017, 05:36:16 AM
 #2

Some times there are no reasons and the market is just adjusting.

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December 08, 2017, 05:52:24 AM
 #3

Seems to me money is focused mainly on BTC right now. Some time BTC has these kinds of gains alts aren't following unfortunately

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December 08, 2017, 06:12:01 AM
 #4

In my side, i will tell about this issue not exactly just think that is the main reason bitcoin pump. when ever bitcoin is pump, all altcoin will fall down because of all cryto investor are involve into btc.
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December 08, 2017, 06:16:11 AM
 #5

I just had gone through cryptocurrency exchange where i find something that totally shocked me. I had seen many altcoins price down ( ERC token) which are listed on exchange. IDK what is reason behind it ?  
Maybe because of Bitcoin price. It may carry on in future if bitcoin price with increasing same rate.

First reason yes because the bitcoin price increase so high make altcoin have no power anymore.
But special for altcoin that have been exist for any longer and stay in top ten on coinmarketcap, the price following increase the bitcoin price.
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December 08, 2017, 06:17:40 AM
 #6

When BTC experiences a strong rally, alt coins are typically repriced with a higher BTC price and the price will normally decline in BTC terms to maintain a constant value  unless the coin has strong drivers of a valuation increase: new exchange listing (e.g. Stellar Lumens recently being added to Korean exchanges) , new use case (e.g. Monero being used to pay for music) , etc.

Some investors will sell alt coins and buy BTC during a BTC rally.

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December 08, 2017, 06:33:12 AM
 #7

I just had gone through cryptocurrency exchange where i find something that totally shocked me. I had seen many altcoins price down ( ERC token) which are listed on exchange. IDK what is reason behind it ?  
Maybe because of Bitcoin price. It may carry on in future if bitcoin price with increasing same rate.
Absolutely it is due to the reason of the increase in the price of the bitcoin . This is a usual thing we can see in the cryptocurrency market that when any big coin pump high then the price of the another coins get down , specially the case of the bitcoin is really unique that when it's market small increase then the value of the altcoins get down .
Here the reason to get down is because people sell thier altcoins for the bitcoin , increase in the price of the bitcoin clearly shows that the demand is increasing and to complete the demand of the bitcoin people sell thier altcoins and make money .
Well currently price is increasing of the bitcoin , and we are facing big loss in the altcoins , so we should hold those coins otherwise we will loss everything due to panic sell , here already I made 0.06 btc loss in 3 days , hope the market of the bitcoin will get stable and I will recover my loss .


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December 08, 2017, 06:38:05 AM
 #8

I just had gone through cryptocurrency exchange where i find something that totally shocked me. I had seen many altcoins price down ( ERC token) which are listed on exchange. IDK what is reason behind it ?  
Maybe because of Bitcoin price. It may carry on in future if bitcoin price with increasing same rate.

the reason why the altcoin price gets low because of dumpers, they sell their tokens and not hold. Once the supply is very low the price will become low. The pump of bitcoin also affects the price of the altcoins.

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December 08, 2017, 06:40:32 AM
 #9

I just had gone through cryptocurrency exchange where i find something that totally shocked me. I had seen many altcoins price down ( ERC token) which are listed on exchange. IDK what is reason behind it ?  
Maybe because of Bitcoin price. It may carry on in future if bitcoin price with increasing same rate.
There is no reason, this is a normal situation for any coin. Wait for a while and everything will stabilize. And you can again trade in  Alts.

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December 08, 2017, 06:45:49 AM
 #10

Its because of the current bitcoin bullrun,as at december 10 and december 18 bitcoin will be listed on chicago market and somewhere else(forgot where Grin).Its same thing that happend during the bitcoin forks,people where selling their altcoin positions(even with loss)so they could fuel bitcoin price.People think that wall street crew will pump bitcoin even higher(over 20k$)but dont realise that they have way more money then current crypto is worth and if they choose to push bitcoin price down to 2k they can since they have the money for it and still it is worth it for them when they can buyback it at lower prices.A lot of money came in to crypto from people that aint really good with trading and when fear kicks in they will be the first ones to sell

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December 08, 2017, 06:47:54 AM
 #11

for crypto economic trend that's normal condition.
when the price of bitcoin become stronger that's will give an influence to the altcoin price.
that's made a psychology  for people to sell their alt (panic sell) then buy bitcoin.


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December 08, 2017, 06:52:13 AM
 #12

In my own opinion, due to insane Bitcoin price surge this month, it causes people dump their Altcoins and shift into Bitcoin.
There's a lot of reasons but as what I did this past week, I sell all my Altcoins and buy Bitcoin and that's what makes me happy as I did because Bitcoin offers big profit difference than holding Altcoins.

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December 08, 2017, 06:54:30 AM
 #13

for crypto economic trend that's normal condition.
when the price of bitcoin become stronger that's will give an influence to the altcoin price.
that's made a psychology  for people to sell their alt (panic sell) then buy bitcoin.

Actually yes, that's what I did becau we're doing the math.
2 Bitcoins will give us more profit than holding a thousand Altcoins, within a single month we'll get more profit than Altcoins.

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December 08, 2017, 06:57:16 AM
 #14

They are turning with bitcoin because of the sudden increase of price and there are rumors going on that it could reach 20000$ so they are aiming for the profit. Do not worry, alts will recover soon

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December 08, 2017, 06:57:50 AM
 #15

I just had gone through cryptocurrency exchange where i find something that totally shocked me. I had seen many altcoins price down ( ERC token) which are listed on exchange. IDK what is reason behind it ?  
Maybe because of Bitcoin price. It may carry on in future if bitcoin price with increasing same rate.

the reason why the altcoin price gets low because of dumpers, they sell their tokens and not hold. Once the supply is very low the price will become low. The pump of bitcoin also affects the price of the altcoins.

That's what Ethereum is struggling heavy congestion this week due to huge queue of transactions dumping Altcoins -> buying Ethereum -> dumping Ethereum -> buying Bitcoin -> happy face.
That's what I did this past week.

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December 08, 2017, 06:59:40 AM
 #16

It's because the powers of dumpers Grin

For example, i have group (almost 500+ people) full of dumpers..When the admin says buy this coin,.. hell yeah we will buy it because "profit".  Smiley

Or people shift their altcoin into Bitcoin.

SAD
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December 08, 2017, 06:59:52 AM
 #17

They are turning with bitcoin because of the sudden increase of price and there are rumors going on that it could reach 20000$ so they are aiming for the profit. Do not worry alts it will recover soon

Indeed, Bitcoin will give more profit than holding thousands of Altcoins. A single Bitcoin can give you hundreds of dollars a day than thousands of Altcoins that couldn't even give you tens of dollars.

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December 08, 2017, 07:02:27 AM
 #18

It's because the powers of dumpers Grin

For example, i have group (almost 500+ people) full of dumpers..When the admin says buy this coin,.. hell yeah we will buy it because "profit".  Smiley

Or people shift their altcoin into Bitcoin.

Shifting from cryptocurrency into another is the main reason why pumping Bitcoin and dumping Altcoins and causes network into heavy congested. That's why Bitcoin confirmations these days are days apart.

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December 08, 2017, 07:04:51 AM
 #19

I just had gone through cryptocurrency exchange where i find something that totally shocked me. I had seen many altcoins price down ( ERC token) which are listed on exchange. IDK what is reason behind it ?  
Maybe because of Bitcoin price. It may carry on in future if bitcoin price with increasing same rate.

Yes there's a lot of ERC20 tokens that the prices fall after listed on exchange, and was not able to recover yet. But what I do is I wait or hold those coins for a couple of months or sometimes it does pump after exactly a month and go back down so you just have to put on your notes or your calendar to check if it does pump up after a month or more.

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December 08, 2017, 07:06:25 AM
 #20

I think it's gold rush fever. People holding alts are selling them to buy BTC, causing alt value to drop and BTC to rise. Which could mean an even worse crash in the future. I'm going to try and increase my alts holding because when BTC starts to drop, they will try to trade into alts as an escape. Causing the price of Alts to rise.

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December 08, 2017, 07:08:00 AM
 #21

the main reason behind the fallen price of altcoin is because bitcoin price increases too high and people move from altcoin to bitcoin. but if bitcoin price makes a correction like now, the altcoin can start to rise again although not for a long time. in a few hours ago, bitcoin price gets down for a while and makes altcoin can breathe again but now the price seems to be down again. many of altcoin including coin based ERC20 is down although not all of the coin getting down. soon if bitcoin price is stable in one range, the altcoin will be back to increase.
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December 08, 2017, 07:12:05 AM
 #22

Ask yourself is 10-20% daily increase in BTC sustainable? Does BTC have a superior technology compared to the various competitors in the market that could justify these gains? If you are not able to answer yes to these questions then perhaps this could be a trend that is coursed by FOMO. This is unsustainable both long-term and short-term.

Everytime you sell an altcoin in the XXX/BTC pairings then you are adding fuel to the fire.

Buying altcoins now however could end up in a long-term hold though so be prepared for that.

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December 08, 2017, 07:28:04 AM
 #23

Alts seem to fall if bitcoin rises fast and also if bitcoin falls fast. The only time they really seem to go up is when bitcoin rises slowly or has sideways movement, that's when people get into alts in hope of getting more btc since all the main trading pairs are btc to alt trading pairs.
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December 08, 2017, 07:31:08 AM
 #24

Many altcoins now are going down in value Bitcoin wise, but some, even though they are depreciating in value against Bitcoin are still ahead when calculating by USD. So it all depends on what your end game is and what you entered the market in. If you entered the market in Bitcoin and you saw your stash go down, then of course you might be losing a lot. If you entered say the market with 10k USD but it's now worth 20k USD, then  you are still ahead. I think with all this upsurge in BTC value and volatility, we all need to re establish our strategic  end game better. Some people of course have become rich over the last few years, some of us are still aspiring to make a retirement nest egg.

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December 08, 2017, 07:39:10 AM
 #25

Because of the BTC price surges fast,the alts are liretally conencted to the value of alts,because alts are measured in satoshi thats why most of the alts bleed when BTC moves.

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December 08, 2017, 07:56:02 AM
 #26

Actually there are so many reason whythe value of certain altcoin falls back. One is that maybe there's a change in the market. Another is that maybe there are small number of stock-holders or there's only few who invested. and maybe their projects are not that firm enough.

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December 08, 2017, 08:36:40 AM
 #27

I think the reason because now people trying to buy bitcoin and push it up. I will be decreased when it gets high enough then altcoins price will be increased again.

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December 08, 2017, 08:41:27 AM
 #28

I heard wallstreet is joining our community they are pouring a lot of money right now so thats the reason why the BTC price increased and alts bleeds hard.

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December 08, 2017, 08:50:35 AM
 #29

Could be a number of reasons this is happening, traders are buying selling and investing elsewhere, perhaps going to Bitcoin for example because they see it on a rise.

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December 08, 2017, 09:01:29 AM
 #30

sure this is crypto market.

but at the moment the reasons are the bitcoin forks (superbitcoin, bitcoin god). people expect free money.
thats why the price is so high.....eth lost value because blockchain is slow now

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December 08, 2017, 09:02:27 AM
 #31

Many altcoins now are going down in value Bitcoin wise, but some, even though they are depreciating in value against Bitcoin are still ahead when calculating by USD. So it all depends on what your end game is and what you entered the market in. If you entered the market in Bitcoin and you saw your stash go down, then of course you might be losing a lot. If you entered say the market with 10k USD but it's now worth 20k USD, then  you are still ahead. I think with all this upsurge in BTC value and volatility, we all need to re establish our strategic  end game better. Some people of course have become rich over the last few years, some of us are still aspiring to make a retirement nest egg.

Rightly said. Its easy to lose sight of your own end game. I bought in some BTC with Fiat and then exchanged almost all of it for alts on exchanges believing their fantastic sounding ideas and all the fan-fare (which i still want to believe).
The Alts are bleeding and i am down BTC wise but still up fiat-wise. I can just cash-out but i have mostly invested in alts that i found interesting and really want to see them succeed. So I have decided to keep them put and wait for the BTC bull-run to consolidate.

Thats my end game. The alt-coins are all pegged against BTC as most people buy them with BTC and not with real fiat money. I also think that a lot of the founders and the teams decide to dump their coin and get BTC so they can have more funds at hand.

This isn't really bad as the team gets more resources and you get cheaper alts (vis-avis BTC) to hold for later and profit from if the team delivers at a later date. If the team doesn't and just laughs its way to the bank with all that BTC, well then, that has been the falling of ICOs and Alts since the beginning. In that case, as usual, we the common investors are fucked.!! But hey, lets be positive.. Cool

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December 08, 2017, 09:03:21 AM
 #32

Many altcoins are getting rekt, I'm holding though. In my opinion, all altcoins went down because of Bitcoin, but I believe altcoin will rebound there is nothing to worry. In other hands, this is a great time to accumulate more altcoins because the price is pretty low.



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December 08, 2017, 09:03:46 AM
 #33

The reason behind recent fall in altcoin is kinda obvious. Bitcoin increased so fast and unexpectedly all investors wanted to invest in bitcoin. So they dumped their alt coins to be able to buy bitcoin. That caused a sharp fall in some alt coins but i think things will level soon. It always does.

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December 08, 2017, 09:06:12 AM
 #34

sure this is crypto market.

but at the moment the reasons are the bitcoin forks (superbitcoin, bitcoin god). people expect free money.
thats why the price is so high.....eth lost value because blockchain is slow now
Bitcoin forks don't seem to be the reason. That frenzy has already passed. Its mostly because of the sudden increase in media exposure (everyone in my family has now heard of it), these people FOMOing and buying into BTC leading to exponential price increases and the big holders of alt-coins (bagholders) taking the opportunity to cash out.
On the positive side, it may lead to better distribution of the coins while the smaller investors may lose if they never come back up.

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December 08, 2017, 09:07:56 AM
 #35

This is cause of fake tethers. Fake tether published and they buy bitcoin with these tethers.
Then people start to sell altcoins to buy bitcoin to get profit from rising trend.
this is going to end in really bad way.


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December 08, 2017, 09:09:11 AM
 #36

When bitcoin draws the entire market's attention with a pump this happens. People tend to sell their altcoins to try and ride the btc wave (and then return). Its a cycle that keeps repeating itself, but trying to time it is very hard, and many people lose a big portion of their stack trying to do so.

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December 08, 2017, 09:11:03 AM
 #37

This is a direct result of the surge once again in Bitcoin. The problem is that the public has only heard about bitcoin. This is the reason.
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December 08, 2017, 12:06:52 PM
 #38

One of the reasons behind the fallen price of Altcoins is the soaring price of bitcoin. We understand that the digital currency in vogue with most people for transactions as well as the investors is bitcoin. This understandably causes the diminution of the use of altcoin and consequently the fall in its value.

The most recent update in news shows that bitcoin value is soaring as high as 15000$. This does not necessarily mean that people stop using and investing in altcoin but the interest and dependency on altcoin will fall. This reduced interest certainly contributes to lack of interest in the investors which will in the long run lead once again to further reduction in the dependency on altcoin for transaction.

This inverse proportionality is not always true. There are times when even though the bitcoin value soars up the value of altcoin will improve or remain constant. This happens especially with certain altcoins that when they are in more demand against a euro or a dollar their value simply does not fall.

An altcoin worth about 500$ will always help for easier and simpler direct transactions. This argument points out to the fact that many people can prefer using an altcoin as a whole for smaller transactions compared to the fractions of a bitcoin whose value is very high comparatively. This preference will certainly keep people wanting the use of altcoin against a dollar or euro or even a bitcoin.

What is more important is that an alternate currency to that of bitcoin is always necessary and will keep the digital currency transactions flowing. This multidimensional approach will certainly benefit people for making transactions with more and better options. A certain section of people will always push for the altcoin against a bitcoin trying to catch up with the latter in terms of value or/and utilize the altcoin better for its present value.
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December 08, 2017, 01:38:45 PM
 #39

Many altcoins are getting rekt, I'm holding though. In my opinion, all altcoins went down because of Bitcoin, but I believe altcoin will rebound there is nothing to worry. In other hands, this is a great time to accumulate more altcoins because the price is pretty low.

I'm also holding and waiting bitcoin's main rise wave to stop and finally then alt coins will start rising. Many alt coins dropped very sharply unfortunately. Let's see what happens with bitcoin's fall.
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December 08, 2017, 01:51:49 PM
 #40

One of the biggest errors new investors make in crypto is assuming that all coins will just rise.
When they go to coinmarketcap and see tons of red, they get confused and make panic decisions.

Crypto has no inherent value.
The valuations you see on coinmarketcap is just an average of the buy/sell price that people have put up on exchanges.

The reason why price corrections are so common is that, after a certain point, people are just unwilling to buy a coin at a certain price and this starts to drive prices down.

In addition to this, the entire crypto market is oversaturated and in a bubble state.

Although we see lots of new money coming in to btc, that doesn't translate to it going into alts.  There just isn't enough money in alts to sustain growth for all of them so this next year, expect to see a lot of the top 30 coins crash and burn.

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December 08, 2017, 01:56:02 PM
 #41

I think that the main reason of fallen price of alts is raising bitcoin. People not need to by alts cos bitcoin makes +1000$ per day

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December 08, 2017, 01:59:22 PM
 #42

There is a huge divergence on the bitcoin if you look at the charts. Meaning that price has gone up too much too early. Price of alts is inversely proportional to the price of alts. The more jumps bitcoin makes the more alts will go to the floor. But there is one interesting thing here, if you observe the price of ETH in USD, its holding good at about 400USD and above.

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December 12, 2017, 12:46:16 PM
 #43

I think that the main reason of fallen price of alts is raising bitcoin. People not need to by alts cos bitcoin makes +1000$ per day

The reason of all altcoins fall was the growing interest of all people to Bitcoin. I would better say it was something crazy fuss and hype about BTC these days, which caused some dip of alts. Nothing unusual  Cool

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December 12, 2017, 01:04:24 PM
 #44

at the moment everything is green, do not worry, falling is a matter of time
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