why all coins are dropping?

[korean1999]

Mainly by the people, some people lose their faith at bitcoin and attract people to some other projects than investing in bitcoin. But everything has its ups and downs so the drop of bitcoin is nothing to be concern of, what you need is trust its value and it will grow again.

[Wong Gendheng]

It must be admitted that the market is experiencing a difficult time like now, I hope to recover soon so that all users can get big profits like last year, and of course we must be optimistic about the future of Crypto.

[Tayata2005]

This always happens once we get to bear market. Its always a difficult time because a lot of panicked in the market. Once people panicked they start selling of their coins

[Lady Coquet]

any body know the reason for current drop?

The reason why every coin has a low price because many people are starting to sell it even in a low price because they are afraid that their holdings might decrease so badly. Hoping that all coins will recover their prices soon.

[owmivmen]

Decreased interest and the effect of bitcoin prices. yes maybe this is what makes crypto prices decline. Or it could be this is a decline that occurs every year.

[5hoop5]

I think the reason for the fall of many crypto-currencies. Due to the fact that most recently there was a market correction. And we all had to survive not just a simple time! Very many have lost. And even more disappointed. But I think it's not worth making hasty conclusions.

[Thai19]

Cause is due to the coin depreciated BTC, made the other Alt price devaluation. The reason why the BTC devaluation, I do not know.

[Ayobami99]

any body know the reason for current drop?

Someone said its because many projects which conducted their ICO earlier who wanted some worth for their coins dumped ethereum which which caused low price for it and the whole alt coin generally but i'm not sure if that is correct

[Denigmatic]

There may be many reasons, but in any case, the drop is a pretty normal situation in the market after strong growth. especially it is necessary to take into account that the crypto-currency market is very young, and such strong movements are quite normal.

[Fedoracoins]

I'm not 100% sure, but I think there's always a big fall behind big growth. The cryptocurrency has gone too easy money lovers. I think that this is the main reason for such a long fall. In any case, I have a feeling that fall will be over soon and then it will only increase.

[King_G_]

Xapo president Ted Rogers suggested cryptocurrency markets could be facing a “mass extinction event” as Bitcoin’s fresh downturn drags altcoins ever lower.

Considering this he also tweeted a few days ago this could be in the midst of extinction-level event for crptoassests.
Around 90% of the market can disappear in this process ( maybe) .
Ethereum is also at all time low since October 2017 stumbling at around 250$s .

This drop can prove to be good for Bitcoin buyers .

[pidobir]

I have no idea why the market has been falling so long. Maybe whales want to buy cryptocurrency at a very cheap price.

[Tahdayi]

Yes, exactly this question can be asked and why the cryptocurrency is growing?
after each rise of the fall, there is the opposite of it!

[jovs]

It is because cryptocurreny and altcoin depends their price on the current price of Bitcoin. So it means when Bitcoin price drops also the price of cryptocurreny moves and changes accordingly to the state of the market.

[jutomals]

The purpose behind all the cryptos dropping in the past is because of the Korean government's expectation to boycott advanced cash exchanging and close the Bithumb exchanging floor in their nation. This gossip has made the rate of all cryptos drop significantly. From here it can be seen that the rates of cryptos are significantly affected by the news.

[clasifiedads]

It is because cryptocurreny and altcoin depends their price on the current price of Bitcoin. So it means when Bitcoin price drops also the price of cryptocurreny moves and changes accordingly to the state of the market.

Bitcoin is kind of changing the price of most coins. I wouldn't purchase anything just yet. Don't move the coins inside of your wallet.

[Jana Wood]

I think that the crypto currency market will begin its recovery not earlier than in 1-2 months. Investors panic and begin to sell their coins. We need to wait for growth.

[opeakande]

The price of the altcoins keeps dropping because they are all based on bitcoin and ethereum. The moment the price of bitcoin and ethereum changes, the altcoins' prices also change.

[mtrxhasu]

There are many reasons why the altcoins price drops like sell-off of altcoins. This event makes the supply of altcoins in the market increase and if the altcoins increase in the market the value of that altcoin drops.

[lovemsngr]

As far as Bitcoin is dropping, they is every tendency that other coins will actually drop

Yes, it will take years for the coins to disconnect from Bitcoin tendencies. Now people are in panic because they watch their savings vanish as they lose money on crypto. The best decision is just wait, although stopping all transactions will hurt the market. Tough.