Why did so many cryptocurrencies crash the last week?

[MarchToke]

Crashing of some crypto coins are such a normal thing happened today. Some cryptocurrencies are just a failure and became a trash because of failure ICO and did not reach its target. Some also are did not worked out and no one invested on it and has a very cheap value or worst did not have a value at all.

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[Cryptodetails]

Most exchanges use BTC as the intermediary currency. So BTC has influence on all Altcoins

Despite the problems of bitcoin, the idea of ​​a global decentralized currency looks very attractive. Now, the exchange has attracted thousands of speculators, and this harms the image of technology. Some market participants are sure - sooner or later the bubble will crash. Others predict that by 2020, one bitcoin will cost more than $ 30,000.

[Arkh]

Fear of regulation, rumors of Ethereum ASICs ... And the general crypto downtrend. When the price of bitcoin goes down, people panic sell their alt as a getaway to FIAT. Dropping the price of BTC further and starting a global panic on the market. Lots of mainstream investor entered in November / December of 2017 and they are not ready for the crypto swings.

[bhantom]

Did you think  Cryptocurrencies are going through a healthy market correction after a historic bull trend or
Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 40–60% usually). So when Bitcoin goes down, most coins go down with it???

The basic thing is: When bitcoin falling, altcoins falling too and the other way. This long and red time eliminate the weaknest coins, so for me it is the only good informations in this blood sea

[Eddyc]

Compared to the date of the post with the current days without doubt the market is undergoing a healthy and natural correction and in the market overview no currency fails just need a one-time to mature and like all the above comments, all altcoins accompany the Bitcoin.

[Imy]

I think this correction is needed in crypto world. Dec/Jan prices were just too much pumped up & manipulated by whales.  Sure it can go much higher in the future but we are not quite there.

[cabbarlana]

As a result of recent scam projects, confidence in some crypto-currencies has declined and has entered the process of extinction. I think the most important feature of crypto-money, which earned even when the market showed a downward trend, is the trust in its projects.

[wildflower18]

I think this correction is needed in crypto world. Dec/Jan prices were just too much pumped up & manipulated by whales.  Sure it can go much higher in the future but we are not quite there.

Well correction always happen that's one of also the reasons why market crashed. Price last year too much pumped and most says manipulation existing in the market also with other news that keeps the price down. A lot of factors actually why it was happen, but I believe price could recover.

[slashz9]

I think when btc down or up altcoin will still dump, but when the btc price is stable that's where altcoin will pump that's how the crypto world works

[mobilezz]

Did you think  Cryptocurrencies are going through a healthy market correction after a historic bull trend or
Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 40–60% usually). So when Bitcoin goes down, most coins go down with it???

All alts are now dependent on bitcoin, on the one hand it's good that bitcoin can filter out unreliable coins in this way, on the other hand it's bad that no one can even catch up with it and become more valuable.

[ahoenk]

The crash happen because crypto world going too high in december and it will stabilize and reach real value now. And bitcoin will probably going down firther. And when bitcoin and ethereum going down another crypto will also goes down. Bitcoin as a gold in digital world. Then when it is goes down all crypto asset also goes down and lose againts fiat.

[okan]

Did you think  Cryptocurrencies are going through a healthy market correction after a historic bull trend or
Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 40–60% usually). So when Bitcoin goes down, most coins go down with it???

investors get away from crypto.

everyone understand that nothing big will become from cryptos after that. and slowly quitting from market.

[YinShuiSiYuan]

The price of bitcoin decreases, which causes decreases in other currencies. All cryptocurrencies are related and depend on the price of bitcoin. As soon as the btc begins to make up for losses, all coins will turn green.

[cannycassiopeia]

This question is so blunt. You knew already the answer but you keep on asking. Isn't it obvious that panic selling really occur? Traders don't want anymore losses so they get rid of their precious investments to avoid being bankrupt. Now that you get, please stop asking nonsense question like this and make sure to post a much productive topic next time.

[tipogarthpark]

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[neosibunes]

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[Ewox]

Most of the time yes that basically happens but sometimes it is not entirely because bitcoin dropped down as well. And sometimes it would be because most of the investors that have invested on these coins would sell most of their holdings that would lead to the drop down of the prices and would convert them to bitcoin and hold them.

[GreatBug]

Did you think  Cryptocurrencies are going through a healthy market correction after a historic bull trend or
Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 40–60% usually). So when Bitcoin goes down, most coins go down with it???

We can make some thoughts about that cause bitcoin had some downs then and other coins could follow them but for me this situation just had a place and could have it again in near weeks but for me that is normal.

[rodskee]

Did you think  Cryptocurrencies are going through a healthy market correction after a historic bull trend or
Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 40–60% usually). So when Bitcoin goes down, most coins go down with it???

I think not very affected the altcoins during the bitcoin is dump, I always looking the in the marketcap  not all coins are in dump some coins are in the good stable obviously its depend of the volume demand of the coins.
yes of course in times of the crisis need to hold your investment do not sell it during the price is in the lower, that's one thing need to understand the people always listening to the fuds they panicking and faster to sell their investment with out any learning.

[riaruhs09]

Did you think  Cryptocurrencies are going through a healthy market correction after a historic bull trend or
Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 40–60% usually). So when Bitcoin goes down, most coins go down with it???

I think not very affected the altcoins during the bitcoin is dump, I always looking the in the marketcap  not all coins are in dump some coins are in the good stable obviously its depend of the volume demand of the coins.
yes of course in times of the crisis need to hold your investment do not sell it during the price is in the lower, that's one thing need to understand the people always listening to the fuds they panicking and faster to sell their investment with out any learning.

that right, the panic of the market is a big problem right now. too many new investors who have not understood what about the world of crypto. they are easily panicked and sell only because of hearsay.