what causes the price of altcoin down?

[Rangga27]

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

[OluwaTosin10]

I think it’s because of the increase in total supply of the bitcoin etherum and bitcoin cash
I believe the price been down is an opportunity to own more bitcoins
And it is also a reflection of the amount of miners of bitcoin

We can relax and store in more bitcoin and altcoin and also more importantly hodl our tokens
Because steadily the prices of bitcoin will moon
And the prices of alt coin will follow too

[Tstar]

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

I think the current dip is caused by two factors:

1. Binance API fail

2. MtGOX guy selling coins for 400M.

But the marker seems stable around 9K and alts seems to get a slight recover.

[Rangga27]

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

I think the current dip is caused by two factors:

1. Binance API fail

2. MtGOX guy selling coins for 400M.

But the marker seems stable around 9K and alts seems to get a slight recover.

Oh, issue of binance hacked ?
Make market go down?

[lobo13hf]

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

It caused by the bearish trend of crypto, the bearish trend was created by the bitcoin itself. And the bitcoin gets big dump by mtgox trustee worth about 35k bitcoin and 35k bitcoin cash. That's why the market was dying. This looks a good time at least you can buy altcoin with discount. But just try to watch the japan news. There is remaining amount of bitcoin worth 161k bitcoin again. But the court will try to manage it.

[Matdog]

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

I think the current dip is caused by two factors:

1. Binance API fail

2. MtGOX guy selling coins for 400M.

But the marker seems stable around 9K and alts seems to get a slight recover.

Oh, issue of binance hacked ?
Make market go down?

This could be because many the issue of the issue of negative from various State, but I also think maybe this happen because the increasing amount of bitcoin etherum and bitcoin money
I believe prices have down because the opportunity to have more bitcoins and increase the number of miners of bitcoin

[Usui-Chan]

It depends primarily on the price of bitcoin and sometimes ethereum too. People with huge popularities can also influence people regarding altcoins. The law of supply and demand can also affect altcoins' prices.

[deepcryptomine]

Another factor was the news that increase regulations are coming to cryptocurrency globally. Read the below article

https://cointelegraph.com/news/bitcoin-drops-below-9k-top-altcoins-down-16-on-global-regulatory-news

That is the reason for overall market performance today.

[Bytem3]

There was a lot of FUD around "Binance Hack" and mixed signals US Regulators were sending.

I really hope we are not going sub $7,000 again, but I think that won't happen

[cryptamod]

There was a lot of FUD around "Binance Hack" and mixed signals US Regulators were sending.

I really hope we are not going sub $7,000 again, but I think that won't happen

FUD? it aint a FUD is was really happened,read the official statement of binance they have called the attackers a hackers would that be a FUD?
API failure was just an excuse because binance's repuation would be questionable that is why they blamed those bots ? do you really know what you are talking about? phishing is one type of a hacking technique for your information 

[Rangga27]

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

It caused by the bearish trend of crypto, the bearish trend was created by the bitcoin itself. And the bitcoin gets big dump by mtgox trustee worth about 35k bitcoin and 35k bitcoin cash. That's why the market was dying. This looks a good time at least you can buy altcoin with discount. But just try to watch the japan news. There is remaining amount of bitcoin worth 161k bitcoin again. But the court will try to manage it.

thanks for the information, i will try to buy some altcoin today

[golek upo]

The only reason is what happening to bitcoin. Whenever bitcoin price falls, altcoins prices fall too and altcoins price fall is usually bigger than bitcoin.

I've read opinions like the one you convey. However, I think it can not be 100% used as a benchmark of the increase and decrease in the price of altcoin.

[Moblie_Legend]

if I think that causes the decline in altcoin value is due to the effect of bitcoin. because if the bitcoin again down the automatic altcoin will also follow-down and it's often the same with altcoin.

[Rangga27]

 

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

I think the current dip is caused by two factors:

1. Binance API fail

2. MtGOX guy selling coins for 400M.

But the marker seems stable around 9K and alts seems to get a slight recover.

Oh, issue of binance hacked ?
Make market go down?

This could be because many the issue of the issue of negative from various State, but I also think maybe this happen because the increasing amount of bitcoin etherum and bitcoin money
I believe prices have down because the opportunity to have more bitcoins and increase the number of miners of bitcoin

instead of many bitcoin miners, eth, bch should be good for speeding up our transactions?

[anthinguy21]

I don't really understand why )) Sometime Altcoin down because Bitcoin price pump but sometime although Bitcoin price dump but altcoin also dump as well. LOL. It's really hard to know but I think all these dump is the result of bad news related to cryptocurrency like Binance exchange hacked few days ago, it also affected a lot to crypto price. But I think the main reason why altcoin price dump is still the whales

[hanlieuiypm9832]

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

I think the current dip is caused by two factors:

1. Binance API fail

2. MtGOX guy selling coins for 400M.

But the marker seems stable around 9K and alts seems to get a slight recover.

Oh, issue of binance hacked ?
Make market go down?

There is no hack, it is a API bug, 31 binance accounts were hacked because of its owners' fault, and hacker used these accounts to control the price and make panic stuations.

[mikyadel]

the Best time to Buy altcoins is when Btc is moving either up or down , then once it stabilize altcoin start pumping .

[xPASTELx]

Lots of regulation battles on Bitcoin from several governments of late has made the coin famous in a negative way hence provoking lots of caution on its usage hence fall in price. fall in Price for BTC will definitely affect the price of altcoins, that's what is currently happening

[holdmycoins]

It depends on father coin Bitcoin price. Also market is crashing nowadays. It will rise soon. Stay tuned.

[camryku]

if I think that causes the decline in altcoin value is due to the effect of bitcoin. because if the bitcoin again down the automatic altcoin will also follow-down and it's often the same with altcoin.

The likelihood that the altoin price drops is due to the decreased bitcoin movement and in my opinion the parent bitcoin of all altcoins affecting the altcoin price, and now is the right time to buy altcoin or bitcoin and invest long-term