Cryptocoin prices dropped simultaneously

[HappyHelen]

https://i.imgur.com/PO1vmwC.png?1

[1714835358]

1714835358

[1714835358]

1714835358

[1714835358]

1714835358

[LeroyBro]

Yeah the crash is still happening. Some people claim it's because of the FUD news from India.

Either way, I think we'll see some stabilization after February ends.

[amarpk]

big whales the main cause of dropping the bitcoin. dont worry its not new

[99th]

Yeah the crash is still happening. Some people claim it's because of the FUD news from India.

Either way, I think we'll see some stabilization after February ends.

Wow...your think this is going to continue all through February? If that's the case, we will see btc down below $5k and ethereum under $500. That was absolutely suck. I mean I enjoy discounts, but we would all get slaughtered in the process.

[cipher-x_09]

This mostly explains why bitcoin price is falling down in the market, as you can see there, too many issues concerning bitcoin price.
https://www.express.co.uk/finance/city/913602/Bitcoin-Ripple-cryptocurrency-crash-why-Bitcoin-Ripple-Ethereum-falling-value-news/amp

But if you can see the price of bitcoin yearly, you'll observed February is usually the month where it comes to recover again, we'll just have to wait and hold.

[trickyriky]

This mostly explains why bitcoin price is falling down in the market, as you can see there, too many issues concerning bitcoin price.
https://www.express.co.uk/finance/city/913602/Bitcoin-Ripple-cryptocurrency-crash-why-Bitcoin-Ripple-Ethereum-falling-value-news/amp

But if you can see the price of bitcoin yearly, you'll observed February is usually the month where it comes to recover again, we'll just have to wait and hold.

They dropped in one period, but I suppose they will start going up with different speeds. Can you bet which of the coins will be the fastest one to grow? I suppose BTC and NEO will show the better speeds.

[mullenmanBTC]

Almost all coins are still tied to the value of BTC. Many people trade based on BTC value so when BTC falls so do the altcoins and most of the time they fall even harder. Int he future the hope is that altcoins are independent of the value of BTC, but right now most people accumulate altcoins to convert back into more BTC and therefore are tied to that value. Once BTC starts to rebound so will the Alts.

[reflector]

On the same day you posted this thread bitcoin and all the crypto currencies turns as green in the price chart. From today after noon I am seeing the crypto currencies price changes more than anything in the marketplace.
If you want to invest on crypto currencies today is the right time. You will see the value in all the crypto currencies more than anything upcoming days. Just do not care the dips it will recover.

[meer45]

Dips like this make me feel better in the sense that it shows that pretty much nobody knows anything at all when they are making predictions. Just today a few hours ago people were talking about how this latest rise was the end of the slump. Just goes on to show you that basically everyone is making baseless predictions when they are talking about the future of bitcoin's price.

[deepakg2m]

It is actually not a fact.This time it just happened as a co-incidence other than that its not fixed or decided that whether they will fall or gain and also whether they will fall and rise simultaneously or separately.

[iblistenan]

Its just like other year we past. Crypto price dropped slowly but it will gain price again aafter some day, if we believe in it no matter what happend the price always increase again and again.

[G14tz87]

sorry i'm not a master crypto, but i want to answer.
I think poloniex often incorporates new coin-coin to market, but if the coin market does not meet the desired number then coin-coin will be kicked out market. after being kicked out automatically the coin-coin price drops because of the large number of people who sell the coin (because the coin will be kicked out and there is no market to sell coin-coin).

[dasha_buka]

I am also very upset about the current situation on the market . But most importantly I believe , if not to sell less in the future it will grow up and I sell to good plus . The main thing is patience ! You want it

[Mrrr]

Pretty much all altcoins do not have a fiat pair (altcoin/USD). So what happens when the market turns red and people want to get into fiat to sit it out: they'll have to sell their alts for BTC in order to get the fiat. So when BTC/USD goes down, altcoins/BTC goes down and the dollar value of your altcoins will drop more than the dollar value of BTC.

This works in reverse too, when BTC/USD goes up steadily altcoins/BTC will go up and the dollar value of your altcoins will rise more than the dollar value of BTC.

[hyunee]

I agree with you that the cryptocurrency coins are getting dropped and dropped as time goes by and a lot of people have been worried about it. While the price of the cryptocurrency coins are getting dropped I think we have to use this time to buy a lot of coins and for us to hold it and when the time comes that cryptocurrencies value will rise again it we will have a good price again. But the best thing to do as of now is to hold your coins and have a faith and believe that cryptocurrencies will rise again for the following weeks to come.

[minivan]

News from Korea, China and India lead to the encroachment of the value of the crypto currency. I think you should not panic. The currency should grow within one to two months

[alexeylom]

I think that this fall is not yet final, the market is still falling on several positions down. So I predict for myself that prices will be inflated at least at the end of February (and this will be at best). So be patient and keep your emotions under control.

[JeffBrad12]

Pretty much all altcoins do not have a fiat pair (altcoin/USD). So what happens when the market turns red and people want to get into fiat to sit it out: they'll have to sell their alts for BTC in order to get the fiat. So when BTC/USD goes down, altcoins/BTC goes down and the dollar value of your altcoins will drop more than the dollar value of BTC.

This works in reverse too, when BTC/USD goes up steadily altcoins/BTC will go up and the dollar value of your altcoins will rise more than the dollar value of BTC.

The fact that the major volume goes to the tether pair which already faced the issue with its reserved funds. Real usd pair doesn't give any impact to the market. A lot of volume in the USDT pair makes everyone feels panic if the audit will prove if tether company just try to make a bullshit reserve fund to backed tether.

[cynical]

Yeah the crash is still happening. Some people claim it's because of the FUD news from India.

Either way, I think we'll see some stabilization after February ends.

Wow...your think this is going to continue all through February? If that's the case, we will see btc down below $5k and ethereum under $500. That was absolutely suck. I mean I enjoy discounts, but we would all get slaughtered in the process.

We wont get slaughtered if we all do the following:
Stay calm
Avail of the expanding discounts
Hodl for the upturn.
These downward trends in crypto have happened before and will happen again.
I have seen this simultaneous price movement before, very curious.

[setifien19]

It's a normal situation that all cryptocurrencies go down simultaneously, because they behave like one entity ( which encompasses the majority of these coins ) , this crypto entity is closely depending on bitcoin fluctuation ( directly proportional to its price ) & as you know BTC is suffering  from several congestions : FUD, whales...etc that affect it negatively .