What caused all the price drops?

[HunterBTC]

High-end investors who have substantial capital, they have an effect on the decline in altcoin prices because if the shareholders on each coin have put in large enough stocks and buy at lace prices the altcoin price will decrease as altcoin prices will follow a large small demand.

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[BLAST2MARS]

Whales also need to spend their money once in a while and what's the best time to do it? Christmas and New Year right? Like people, altcoins also need to some rest so just wait next year for them to soar again.

[Hassan02]

Whales also need to spend their money once in a while and what's the best time to do it? Christmas and New Year right? Like people, altcoins also need to some rest so just wait next year for them to soar again.

some holidays are the best time to buy cause we see some dump on it cause yes some whales they have needed also and they spend it when there is some special holiday that all of does so we see some dump price of bitcoin and for this is the best thing to buy for , for them to have a chance to hold this coin for a long term cause we all know that after this special occasion when all back to normal we will see again some high price on bitcoin.

[Oumal]

Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?

This rally happens every year and people still ask. Of course, people take their profits in another way and could not be
 is time to buy altcoin, bitcoin, if there is free money

[RondoAnyar]

Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?

This rally happens every year and people still ask. Of course, people take their profits in another way and could not be
 is time to buy altcoin, bitcoin, if there is free money

I think the cause of the rise and fall of coins is that many speculators pump and dump coins on a regular basis. besides the total supply and deman also affect. so it does not matter and can get back to the highest price.

[rommelzkie]

Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?

The year is about to end so the price is now about to correct. we can expect for price recovery starting next year. if you bought at a high price and trapped at the massive sell of bitcoin and altcoins you better hodl it. just dont sell at loss

[Oumal]

Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?

This rally happens every year and people still ask. Of course, people take their profits in another way and could not be
 is time to buy altcoin, bitcoin, if there is free money

I think the cause of the rise and fall of coins is that many speculators pump and dump coins on a regular basis. besides the total supply and deman also affect. so it does not matter and can get back to the highest price.

However, if portfolio a large number of coins from 2 to 5% daily without any risk you can have. Even for a week will be fine.
The price will rise, no doubt about it, most likely after the new year

[phpartisanmaster]

Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?

This month is december and most of the traders are exchanging their coins to fiat that's why the value of bitcoins is increasing because the supply is low and the demand is high. All you need to do is understand the concept of marketing to learn how the market circulate its price's.

[qiwoman2]

We had a strong rally in general over the last couple of weeks and the rise was steep and sharp, so was the fall. WHALES are playing hardcore now and also the rich kids hatched out a ton of profits t buy lambos and diamonds for their girlfriends, or at least to impress them lol. Other than that it's the normal volatile game play we see in crypto now and we need to get used to it. I need to start trading again but from tomorrow, today is XMAS and I gotta cook a big meal for the fam rofl.

[judaspriest]

Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?

many factors make the decline happen. I guess that's normal in the market, and the simplest factor is now christmas and near the end of the year. many people exchange their crypto on local money and year-end holidays

[wanderloy]

I think when people find enough money to their investments and choose to have cash than just making it grow through Cryptocurrency.
And also this is the holiday season where most Christians are sending gifts to their loved ones. That's why they dump their coins for the holiday.

[wanderloy]

Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?

Indeed and I'm thinking the same thing. People choose to cash out their assets into local money. Most of them are sending gifts to their loved ones and some of them are traveling to other countries to spend their holiday.
many factors make the decline happen. I guess that's normal in the market, and the simplest factor is now christmas and near the end of the year. many people exchange their crypto on local money and year-end holidays

[wanderloy]

Almost all the altcoins (and bitcoin too) went down alot yesterday. Does anybody have a clue what caused this major drop?

This month is december and most of the traders are exchanging their coins to fiat that's why the value of bitcoins is increasing because the supply is low and the demand is high. All you need to do is understand the concept of marketing to learn how the market circulate its price's.

And also this is the best time for traders and investors to invest more into Cryptocurrency because this season most of the coins are very cheap and this is the best chance for them to invest more into new coins that has the potential to be the next top Altcoin.

[ggooxx]

With the accumulation of earning effect, more and more newcomers join, push up the price of the currency at the same time, while the cost of the former investors is much lower than most people think, cash is inevitable, the opening of the futures market is also right This process is accelerated, and they need a harvest to slowly increase their position, which may be a more important reason.

[LupeKidman]

The thing is that end of the year is very unstable time for crypto. Big players are taking out cash, many traders stop buying, so market get oversaturated. It'll get to normal by february, I think.

[FUD Expert]

It's just nothing compared to what bitcoin has reached this year. Everybody knows that there is a correction coming buy they just don't know when and now it happened.

[iconoclast]

Johnny Come Latelies crapping themselves when Coinbase suspended trading. Corrections like this are healthy and are a buying opportunity for smart investors.

[cryptoso]

All altcoins dumped a lot quickly now and I was in shock,
 but I see it is because bitcoin jumped up from 13700 to 15300 ;-)

[SamboNZ]

because its holiday season now and most of us wants to buy gifts and everything thats why we need to turn our altcoins to cash.

[hyadumadha]

Traders also need to take the profit and spend it hard on the beach and women when holidays. Thats it.