Now the Altcoin goes Down

[S.coastapps]

Hello....Guys


Now the today coinmarketcap News most of the Altcoin Goes down. So what do you think about it? What's the main reason for this downfall?

[jacafbiz]

This is just people talking profit, I think this is not a trend, look at BTC also the price has taken huge dip and lost 5% in 24 hours, though most people will talk about the Korean exchanges ban, I feel this rumour won't go away very fast

[Lindazz]

Because altcoin has gained a lot in the last half month, although the decline is normal, it is because there is a rumor in South Korea that there is policy news, but it has been confirmed as fake news.

[MAJICOIN]

I don't think so that altcoin are falling because i think that the bitcoin is down and the altcoin are popular and increasing the investors have invested much of their amounts in altcoins and if you look at their portfolio you will see the preferred altcoins in their portfolio so for me the altcoin is not down it is going to the upstream. If we look at the history the amounts are very good as compared to the past.

[michellee]

Hello....Guys


Now the today coinmarketcap News most of the Altcoin Goes down. So what do you think about it? What's the main reason for this downfall?

I think it is because of bitcoin price is down too deep and it seems, it makes people be afraid to hold altcoin for a little longer. I hope they are wrong and this will push the altcoin price become high later. I see the altcoin goes down although not all altcoin goes down, the effect that I feel is people getting rush and I hope they don't panic to see this and still hold their altcoin. but I don't know the main reason for this downfall and I only can wait for a while.

[Best80]

I was about selling my altcoin when I saw the dip today but just had to look at the dip as a normal thing in crypto. Possibly investors are withdrawing their profit in altcoin to buy bitcon (which is quite very low now)

[Bytem3]

Alts are recovering faster than Bitcoin atm. Take a look at altcoins.

[Salesman4coinZ]

Do we really need everyday a newthread when something dumps? When bitcoin goes down, the alt goes even more down. Dont get in panic everyday, soon it will rise again.

[AzureDragon]

Hello! I think that this is a natural consequence of the New Year's hype around the whole of cryptocurrencies. By and large, there is nothing wrong with that. Now it will be possible to earn on rebound exchange rates.

[astropark]

it seems there are some "fake"(?) troubles
http://m.yna.co.kr/mob2/en/contents_en.jsp?cid=AEN20180111006300315&sns=tw&site=0200000000&mobile

[xzone]

First thing you need to do is to be calm.
Prices will not always go up. from time to time we will see declines. Hold it in your hand instead of selling it when the price drops. It will be more beneficial to you

[maskedtrader53]

Hello....Guys


Now the today coinmarketcap News most of the Altcoin Goes down. So what do you think about it? What's the main reason for this downfall?

https://i.imgur.com/hAbePM8.png

I think it was due to the current event in South Korea where major exchange site where raided by the authorities because of some irregularities, it is something we won't be worrying I'm sure the price will be back again.

[Dyn@styN3rd]

If you've been in crypto for quite a while now, dips is a normal thing. It just prompts us to top up our funds and buy some more as it give us the opportunity to buy a certain coin while its price is low. For traders, its time to apply that patience to hodl.

[HongKong]

Hello....Guys


Now the today coinmarketcap News most of the Altcoin Goes down. So what do you think about it? What's the main reason for this downfall?

From what I am seeing is that the price is mainly going down because people received coins during the Holidays.

[Airelves09]

Affected by South Korea's closing of the exchange. Today entered a bear market. Maybe you can buy it at the bottom.

[gracer88]

There was news that Korea prohibits cryptocurrency, so the whole market is now red. But this is manipulation. Big players make money using this news. It's not scary. Soon everything will go back to growth.

[LUCKY21]

This is the natural state of the market: first everything grows, then falls and so it repeats constantly. Coins can not constantly grow in value or fall. About the news from Korea - this is manipulation at the cost of bitcoin and nothing more. Do not forbid in Korea to trade with crypto-currencies.

[Nefarious]

This shouldn't have been very surprosing to many IMO. The alt coin rally in the last month or so has been insane! You could've picked pretty much any coin in the top 100 & made gains. To expect the market to continue like that indefinitely isn't very wise. Now does this mean the alt coin rally is fully over? Of course not. But helthy corrections like this are needed along the way.

[crptotrader007]

This might be due to the fact that Bitcoin has dropped in price. BTC was around $15k-$16k and now it is just $13k which is about $3k decline in its price. The price of altcoins in dollars would obviously be down since it is paired with Bitcoins and BTC is currently down in dollars.
The price of Altcoins in BTC is not so much down according to my poiint of view since people would be taking their profits out and there is also a rumor in the market about the korean banning cryptos but yet the depreciation is not so much that it could be called a down trend.

[balrog]

It's all about Korean FUD . Government doing pressure and want to centralize and regulate all crypto market , and people are afraid of this . In addition mass media manipulate with information to make people panic , so , there is nothing strange we have a dump now .