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jatin729 (OP)
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December 08, 2017, 05:32:17 AM |
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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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Acguy
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December 08, 2017, 05:36:16 AM |
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Some times there are no reasons and the market is just adjusting.
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wapperjaw
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December 08, 2017, 05:52:24 AM |
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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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babycorner17
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December 08, 2017, 06:12:01 AM |
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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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desi92
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December 08, 2017, 06:16:11 AM |
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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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CoinCollector006
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December 08, 2017, 06:17:40 AM |
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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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coynedterm
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December 08, 2017, 06:33:12 AM |
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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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finaleshot2016
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Degen in the Space
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December 08, 2017, 06:38:05 AM |
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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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jonnybravo0411
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December 08, 2017, 06:40:32 AM |
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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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lolchina
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December 08, 2017, 06:45:49 AM |
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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  ).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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dirgayeah
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December 08, 2017, 06:47:54 AM |
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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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nextel
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December 08, 2017, 06:52:13 AM |
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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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nextel
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December 08, 2017, 06:54:30 AM |
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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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kyori
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December 08, 2017, 06:57:16 AM
Last edit: December 12, 2017, 10:34:14 AM by kyori |
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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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nextel
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December 08, 2017, 06:57:50 AM |
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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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DayXDT
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HELLO GOD!
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December 08, 2017, 06:59:40 AM |
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It's because the powers of dumpers 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".  Or people shift their altcoin into Bitcoin. |
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nextel
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December 08, 2017, 06:59:52 AM |
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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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nextel
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December 08, 2017, 07:02:27 AM |
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It's because the powers of dumpers 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". 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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Plixs
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December 08, 2017, 07:04:51 AM |
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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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thesavoyard
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December 08, 2017, 07:06:25 AM |
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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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