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Author Topic: Why are altcoins still dropping in price  (Read 2115 times)
jazz21
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February 03, 2018, 05:58:38 AM
 #81

because they are not good enough? but i don't think so.  Cheesy
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misterj
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February 03, 2018, 06:01:38 AM
 #82

The answer is because of bitcoin's value drop. Yes, any altcoins is affected by bitcoin because we use it as an exchange for our fiat money also we use that to buy an altcoins direct or indirect. Bitcoin is essential for buying and trading tokens because as of now it is the only coin that is exchageable to our fiat money.

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February 03, 2018, 06:08:06 AM
 #83

There are 2 main reasons why the altcoins are still going down and they are
Selling of coins = market cap
Which means that when people start investing in cryptocurrencies again, the marketcap will increase and the altcoins will gain price.
FUD - which is resulting in panic selling of cryptocurrencies. There are many rumors and negative news going around in media which is why there is a lot of FUD spreaded in the community.
Cryptocurrencies will take a while now until the next ride begins. It is best to hold whatever position we are in right now.

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almiani
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February 03, 2018, 06:09:43 AM
 #84

actually, i do not or what is happening so it is very impact to the current price movement of digital asset market, is it because of new regulation in india? or is this a trend of global correction like the year before? I have no idea

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February 03, 2018, 06:12:51 AM
 #85

because i think it must all be analised as a whole - cryptocurrency market. the market cap maximum point in january reach 8 bilions now it was even 3 .. there are lots of money out of the market ... also the FUD created arround .. get such results . but the sun will rise very soon, i'm sure about that!

mrlovely22
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February 03, 2018, 06:17:08 AM
 #86

I think this is an opportunity to buy more btc
Period of increase and decrease of cash flow. You should not be so worried about this
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February 03, 2018, 06:20:51 AM
 #87

All the prices will go back to normal .I have seen many times from I come into the crypto world.

Darwin123
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February 03, 2018, 06:28:06 AM
 #88

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
this is the time to invest in altcoins so we can manage someday if the altcoin is going increase again and also the btc now is still dropping this is the time to invest well.
Bay_Harbour_Butcher
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February 03, 2018, 06:37:18 AM
 #89

I think this is because of the decreased bitcoin value, of course it affects all other altcoins, and also because of panic sell, in the end everyone sells their altcoin

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February 03, 2018, 06:54:39 AM
 #90

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
various reasons and causes can happen, the most important thing every scattered news that dropped need to be clarified and corrected the truth, can not easily think something is the absolute cause, in other words there is something more important than all that, that is keeping the state of movement the market remains conducive, by fighting false news and irresponsible actions. because it can cause a person to panic and sell it in an unstable volume that eventually happens a decrease in the image price of altcoin in the world of cryptocurrency.
Shtamm_oval
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February 03, 2018, 07:04:18 AM
 #91

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
While there is still panic in the market and many people buy something then they sell, and of course you can still observe such a picture. Well, in principle, everything is already going towards stabilization. And about your coins can be said as well as about the rest, or will be in the trend or not, do not guess.
reypinioco
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February 03, 2018, 07:41:47 AM
 #92

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
If the total marketcap of cryptocurrencies started to stabilize bitcoin would recover together with most of the altcoins,but if the total marketcap will still decline surely the bloodbath wouldnt stop,because most investors are playing safe with bitcoin's drama thats why their money are being cashout in the market.

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romero121
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February 03, 2018, 07:49:01 AM
 #93

Bitcoin is all about trust and it is a speculative asset. With the ongoing scenario one can understand the truth of bitcoin being speculative. Few news that happened around the world got misinterpreted by media and the same has affected bitcoin largely. When this happens automatically the depending altcoins will also drop in value.
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February 03, 2018, 07:53:43 AM
 #94

Government regulation threatens the growth of the crypto currency together with the news of hacking from NEM to Japanese exchange. These news really contribute on the drop also of Bitcoin which is the demand is very low today. Lets just wait until the Chinese New year end and the pump will begin.

zchprm
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February 03, 2018, 07:54:43 AM
 #95

I believe that the price of altcoins are dropping because of btc. The of price of btc is still declining and many others are affected by this happening. If btc price goes up again, we can surely see that these altcoins will also increase in price and value. We should not be worried of this trend as I believe that btc price will go up again eventually in the future. Altcoins should be aware of the price of btc everyday.

glaciercapital
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February 03, 2018, 08:10:54 AM
 #96

I believe that the price of altcoins are dropping because of btc. The of price of btc is still declining and many others are affected by this happening. If btc price goes up again, we can surely see that these altcoins will also increase in price and value. We should not be worried of this trend as I believe that btc price will go up again eventually in the future. Altcoins should be aware of the price of btc everyday.


Yes alts are still selling off fairly hard, it's just a risk off environment. People are still very scared, but this is just a natural part of the cycle. It will pick up again in time, there is still so much good news happening

Tomaltcoin
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February 03, 2018, 08:17:13 AM
 #97

The correction from past days is actual very healthy and normal. I think even another dip will come over the next days.
scarica
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February 03, 2018, 08:21:25 AM
 #98

panic sell only. They will grow up again...more than before...
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February 03, 2018, 08:22:04 AM
 #99

Market is not confident anymore about the everbulling trend... BTC is not a so good store of value too it seems, except the case it turns in high green territory fast again, this is one of the biggest drop suffered by BTC and alt market so far, we need a great help to go through this.

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nikjain422
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February 03, 2018, 06:03:16 PM
 #100

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
One thing i genuinely feel is whenever bitcoin will fall,alts will fall with it and that recovery will be the exact same.But this is not technically correct.See what happens is when bitcoin falls or even small correction happens,it works negatively in favors of alts and this creates FUDs in alts as though only bitcoin is falling but people just assumes that same will happen in alts too and they start taking their money out.Which automatically makes alts to fall as simple as that and this will continue untill bitcoin raises again.
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