Why are altcoins still dropping in price

[Tactical Genius]

The indian news about the country banning cryptocurrencies as forms of payment was also another news that drove the market nuts in addition to the korean and bitfinex issue.However,over the course of time bitcoin has risen strongly against such news and so we should be expecting a rise pretty soon.

[1714632296]

1714632296

[1714632296]

1714632296

[1714632296]

1714632296

[1714632296]

1714632296

[K0korap]

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

Most of these altcoins depend or are actually affected by the pump in BTC directly. So in times that BTC increases increases its prices definitely these altcoins will also increase in price and it won't take that long to really gain values this week or even the next day that's how fast things hapen in this platform which is quite good. This makes drop in prices good opportunity for investment.

[bitmanija]

Together with the drop in the price of bitcoin, the market capitalization is sharply reduced.
And this affects the price of trading altcoins and the mood of the market as a whole.

[ichsan ardi]

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

once they fall its hard for alts like linda, berge and electroneum to be normal again. even to be normal its hard, so i think this alts will not rise up anymore. si, if u have invest in this coin, i think its be good if u sell it now.

[Fioraver]

Bitcoin has been under attack for a while. There has been a number of fake news or twisted truth around Bitcoin, this combine with the usually slow period January-February and we have a recipe for disaster. From there on the panic is taking over.

[Chamone]

Just a glitch. Market is full of weak hands and too many day traders. Will be back to normal soon. Buy in the dip.

[Xetonica]

Not only altcoins are dropping their prices but also bitcoin in dip value, i think there is a fake news that has been spread in cryto currency or due in fork. It is time to buy more altcoins and now in low prices.

[johnyespapa]

The total marketcap of cryptocurrency is still declining from the past 3weeks thats why bitcoin itself find it hard to recover from the crash,people who are doing panic selling worsen the situation,resulted into panic that drives more people to sell their holdings,INDIA fud is one thing to be consider too,fud spreading is nothing new but these new investors are too scared when something negative comes.

[deadmousehat]

yes I read some bad news about bitcoin and other altcoin everyday in my browser.
bitcoin price drop and make people panic sell.I hope the price of bitcoin and altcoin can be normal again as soon as possible.

[kevinzxz]

in my opinion personal altcoin prices dropped because a lot of bad news from bitcoin which makes bitcoin investors so worried and afraid, therefore bitcoin investors sell all the bitcoin it has and it also affects the price of altcoin, which makes all altcoin prices down.

[rapsa2018]

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

I'm down because the price of bitcoin for sure is at least the price of all altcoins or tokens so it's better to hold first because I do not know all the details of what's going on why it's selling all the prices.

[maman09]

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

I don't know when the market will be normal, I think maybe in March everything will start to improve. at this time, all I did was to buy some altcoin and hold it. you do not need to worry, because it can harm you personally. try to know the development of the token you are holding.

[lvincent]

Well until now there's a lot of news that is spreading and it is not good for a lot of coins same to bitcoin maybe that is why a lot of alt's value is still not rising and a lot of people are having doubt about alt coins while bitcoin is the most popular and a lot of people trust it that's why bitcoin recover faster than any other alt.

[Bitmedrano040117]

At the present value of Bitcon together with all the altcoins out there are both totally dropped their prices. Maybe because of receiving wrong FUD information about Altcoins which may lead to the holders to sell their coins too.

[Jitra]

At the present value of Bitcon together with all the altcoins out there are both totally dropped their prices. Maybe because of receiving wrong FUD information about Altcoins which may lead to the holders to sell their coins too.

The FUDs saga continued, saw the news that today Bank of America & JP Morgan will no longer allowed using their credit cards to purchase cryptocurrencies.  Others might follow.  This is quite bad for the US market, it will dry up liquidity.

[waiki]

Why altcoin still drop the price? That's because the prohibition of bans on some social media such as facebook, twitter and instagram, maybe they do not get a share of altcoin profits so they ban ny in their own company

[Cherylstar86]

At the present value of Bitcon together with all the altcoins out there are both totally dropped their prices. Maybe because of receiving wrong FUD information about Altcoins which may lead to the holders to sell their coins too.

You're totally right, as time goes by the value of bitcoin decreasing as welk as altcoins which most of them relying the value of bitcoin. Actually, not just negative informations about altcoins that may cause in decreasing but also the massive cashouts of their share to those users having a huge amount. Also, it may cause a panic selling of those users to cut off their losses but somehow their are still users believe that will back to stabilized value and hold their bitcoin as much as possible.

[anjohyx]

Why altcoin still drop the price? That's because the prohibition of bans on some social media such as facebook, twitter and instagram, maybe they do not get a share of altcoin profits so they ban ny in their own company

I don't think it's a main reason cause whole market price down , probably whales withdrawal their profit and wait for lower price buy again , maybe they want to celebrate Chinese New Year , plus people panic sell, so it's normal price still drop, need time to recover

[izanagi narukami]

At the present value of Bitcon together with all the altcoins out there are both totally dropped their prices. Maybe because of receiving wrong FUD information about Altcoins which may lead to the holders to sell their coins too.

All can we do is wait since nobody can predict what will happen next.
AFAIK, South Korean tax problem and Japanese exchange got hack may affect on bitcoin value recently so it's also affect on all altcoin together.

[CloudM]

Starting from 2013, market dropped down in January EVERY YEAR. Read historical data and stop panicking.