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Author Topic: Why are altcoins still dropping in price  (Read 2115 times)
Devawnm367 (OP)
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January 31, 2018, 06:12:45 AM
Merited by adroitful_one (10)
 #1

Btc hasnt dropped very much more and it seems like some alts like linda, verge, and electroneum are still dropping how long will it yake for them to rise back up

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Crislyn4116
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January 31, 2018, 06:16:45 AM
 #2

For my information why bitcoin dropped the price because they have many fake news that spread. So that the big investors and buying more bitcoin because it is dump and after that the bitcoin will rise because of the investors..The demand is very much and the price will rise so if the bitcoin will dump the altcoins will also dump.

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January 31, 2018, 06:21:28 AM
 #3

View the latest news associated with the exchanges Bitfinex and Tether. This news is a severe blow to the current rate. Soon everything will be back to normal.
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January 31, 2018, 06:26:17 AM
 #4

Dont forget about bitcoincash price need correction with two bitcoin.

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Devawnm367 (OP)
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January 31, 2018, 06:29:44 AM
 #5

Where is good to read up on that here?

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January 31, 2018, 06:30:51 AM
 #6

I think the current state of the crypto coins market is good for the community. Continuous increment in the value of coins without any convincing reason for such growth is scaring for outsiders who would consider entering inyo the space. Stabilization of price movement is desirable in the cryptospace to build confidence.
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January 31, 2018, 06:32:24 AM
 #7

I think the reason for the drop this week because of the NEM that got hacked
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January 31, 2018, 06:35:01 AM
 #8

There is also the fact that over the past few months, the amount of Crypto "traders" practically doubled and the newcomers who were use to such great trading conditions are now extremely volatile and aren't helping stabilization.

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January 31, 2018, 06:36:30 AM
 #9

bitcoin is dropping because of korea fud, there is a fake news about korea banning bitcoins so peoples got panicked and selling there bitcoins and for this fake news altcoins is also dropping because all of them are selling btc for fiat.
thats my personal opinion.

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January 31, 2018, 06:38:43 AM
 #10

Btc hasnt dropped very much more and it seems like some alts like linda, verge, and electroneum are still dropping how long will it yake for them to rise back up

Because those altcoins you said are increased huge in the last month. They definitely need a correction whether bitcoin price increases or decreases. Linda increased from 4 satoshis to 93 satoshis, still higher than the initial price. Verge increased from 54 satoshis to 1725 satoshis, still higher than the initial price.
I guess you might have bought from the top and waiting for further increase but I do not think those coins will increase from now on. Every small increase should be a selling opportunity.
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January 31, 2018, 06:41:46 AM
Merited by toolsmans (1)
 #11

There is a lot of reason why this happens and lately there is a lot of news that is affecting cryptocurrency the fact that almost 527million nem is hack in japan has a big impact to all cryptocurrency so no one can really say how long before bitcoin and those other alts bounce back again let's just hope that something better happen this coming months.

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January 31, 2018, 06:43:24 AM
 #12

Btc hasnt dropped very much more and it seems like some alts like linda, verge, and electroneum are still dropping how long will it yake for them to rise back up

We dont even know why this bad news come many times in this period.
Facebook ban cryptocurrency ads now, its very bad news that can make the bloody market again.
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January 31, 2018, 06:47:49 AM
 #13

For now, there will be a FUD sale. That's great news for all those who want to buy coins/tokens at discounted prices. Like TRX for example, it has gone down to $0.05 from an all-time high of $0.28.

Considering that South Korea ends anonymous trading and Facebook bans cryptocurrency ads, the prices dip a bit. Altcoin price drop is normal, and we should deal with that. It is why we should keep exploring other options instead of worrying about the crash like diversifying short, mid and long-term digital assets.

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January 31, 2018, 06:49:16 AM
Merited by adroitful_one (10)
 #14

People are panicking, and also people are selling their alts to acquire btc while its low.

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January 31, 2018, 06:50:51 AM
 #15

Btc hasnt dropped very much more and it seems like some alts like linda, verge, and electroneum are still dropping how long will it yake for them to rise back up

Because those altcoins you said are increased huge in the last month. They definitely need a correction whether bitcoin price increases or decreases. Linda increased from 4 satoshis to 93 satoshis, still higher than the initial price. Verge increased from 54 satoshis to 1725 satoshis, still higher than the initial price.
I guess you might have bought from the top and waiting for further increase but I do not think those coins will increase from now on. Every small increase should be a selling opportunity.
you are right every increase is an opportunity to sell and earn profits. it's a different thing if op makes a long-term investment and should not worry about this decline.
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January 31, 2018, 06:53:40 AM
 #16

Not only are altcoins dropping, but btc as well. It really hurts to see your portfolio all in red. I slept earlier than normal so that i wouldn't see my holdings dropped hoping that all will be better in the morning when. Unfortunately when i woke up, btc dropped and all other coins dropped as well. My holdings melted around 30-50% of its normal value and it really sucks.
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January 31, 2018, 06:58:37 AM
 #17

I hope I can continue to fall, so that we can buy bitcoin at a lower cost. The potential of bitcoin I've always believed, so fell, scared away just those newcomers who have just joined, I believe those old players are not Will go.
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January 31, 2018, 07:00:03 AM
 #18

I think it is happening because of many reasons: korea fake news, japaen exchange hack, global figures talking against bitcoin, bitcoin's ban as currency in some platforms, chinese ico ban, bitcoin cash.. It is like everything is bad about bitcoin these months and it affects all altcoins. We need to turn back  safe days and altcoins will recover.

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January 31, 2018, 07:00:39 AM
 #19

It is because of the correction of the price of bitcoin, all alts are going down. And now why is it that some alts are continuing going down while the bitcoin is steady at price? Because investors are traumatized in the last correction they prefer selling when it go up even just a little, for now they prefer short term investment instead of holding it for long term purposes.
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January 31, 2018, 07:01:11 AM
 #20

decreased sales in asian i think, not like last years, 2018 bitcoin and altcoins have some issue like rejected be cause regulations that make investor not interest in this years
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