what causes the price of altcoin down?

[webmone]

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 suppose many reasons cause this fall. Take at least the recent news about the ban of ICO ads by Google, Facebook's prohibitions, etc. You can find here more answers if you watch it: https://www.youtube.com/watch?v=ZoAQl5V2m0s

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[sorehammer]

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

BTC is the market leader and the entire Crypto industy trust is build up on BTC.Last week we saw that when BTC price depreciate the entire 50 top Altcoins prices went down.Market is still not fully recovered and different unpleasant new like Google would ban crypto ads by coming Jun-18,FUD,MT Gotex cashed out huge BTC amount,so these news temporarily affect Crypto world but believe me when market would go green the prices would escalate once again so right now is the good time to buy more growing coins like BTC,ETH,NEO,WAVES,DASH,EOS,XLM,XRP.Dont worry ups and downs would continue until crypto world exists.

[DISCMAN]

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 suppose many reasons cause this fall. Take at least the recent news about the ban of ICO ads by Google, Facebook's prohibitions, etc. You can find here more answers if you watch it: https://www.youtube.com/watch?v=ZoAQl5V2m0s

I agree with your statement. Whenever Bitcoin falls altcoin falls also so basically its a matter of a bitcoin price. So, as long as BTC goes down altcoin is also affected.

[dongyi17]

I guess the reason why we though altcoin is cheap during mid year it seems so useless is because whatever happen to bitcoin altcoin is affected.. when bitcoin's value get high the price of the altcoin and other coins will automatically get high.

[sjbi]

It is only FUD and bad news surrounding cruptocurrencies, which are pushing the market to go down at present. Regulatory efforts are another causes on the table. But this transition in rypto will not remain last long, i think. This is the right time to purchase coins as they are low in prices as compared to some  months ago. So buy now at low, and sell at high.

[tramadols]

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

I bought a lot of altcoin I've learned before.
and it's time to buy again in the downturn. I think, its value is very low from a few weeks ago. and most likely the coins I have will grow within the next few months.

[diamdirumah]

One of the causes of the decline in altcoin prices, in my opinion, is the number of restrictions on altcoin access in some countries, such as China.
The lack of altcoin buyers also affects the fall in altcoin prices.
Actually, it is time to buy altcoin, because the price will rise if the demand also rises.
Altcoin every year is not always cheap, but altcoin every year even every time its value will change. At the beginning of the year altcoin prices usually go down. But by mid-year prices will rise again.

[rancidgash]

I guess the reason why we though altcoin is cheap during mid year it seems so useless is because whatever happen to bitcoin altcoin is affected.. when bitcoin's value get high the price of the altcoin and other coins will automatically get high.

Altcoin are affected by bitcoin.BTC is dramatically impacted by market sentiment and unfortunately, was impacted by negative market sentiment. When the news reports negative occurrences, even if “untrue” or “reiterated” the price of BTC has a tendency to overreact.

[serkhio]

Too many people want to make money through the market while the funds into the money is inadequate. Loss is the majority as seldom could u win from the market. 

[amfox]

I believe that this is a good time to buy altcoyins - they are below their cost now. The price fell because bitcoin fell in price.

[fortelen]

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.

yeah as in my mind, now the price of Altcoins are down. Many issues actually influence the factors. One of them is the Bitcoin price that is also dropping. It influences the Altcoins. Additionally, now we can find negative issues of the Bitcoin and cryptocurrency in some countries. It makes some people have negative trusts of the BTC and cryptocurrency. This condition leads them in the panic-sale.  in this term, it is a good time to buy the Altcoins for future investment. But, be smart in choosing the right Altcoins for good investment.

[trickyriky]

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

I have only one explanation for the fall of the cryptocurrency. At a certain point the currency was overvalued. It will decrease to a more adequate level and after new growth will begin.

[tedes]

I think all this depends mainly on bitcoin prices and sometimes ethereum. People with great popularity can also influence people about altcoin. The law of supply and demand can also affect altcoin prices.

[Duogembrot]

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 price of all this coin down very sharply because of bad news about cryptocurrency started from MT Gox who want to sell 160 thousand bitcoin that he has and until now there is news that google and facebook prohibit ads that have the theme of cryptocurrency. I think that's what makes the price of all coins even altcoin collapsed.

[Fulmand]

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

I have only one explanation for the fall of the cryptocurrency. At a certain point the currency was overvalued. It will decrease to a more adequate level and after new growth will begin.

Its all part of the trend and nature of market cycle. Line may not always go straight and high all the time. Profit needs time to kick in so the price can come down and more people can buy in. Studying some basic technical analysis can help us predict its up and down movements.

[loaddebitcard]

With the help of this regularity you can identify advantages for yourself because if we know when the price decrease/rise we can predict our investments much better. But I actually don't know why does it fall in mid-seasons. I can only assume that this calm time with no high-profile events...

[Shaminyue]

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

Not only altcoins but I saw the whole market had been in down ward trend in the last few weeks. The reasons might come from whales, new strictly regulations for cryptocurrency in some countries and cash demand at the beginning of year which make holders sell their coins a lot. However, the market has been recover now as we can see many green in the list of crypto.

[LUCKY21]

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

Because the market is cyclical. After each fall, growth begins. And after each growth follows a correction. So it is repeated again and again. Because there is no constant growth, and there is no constant falling. Now it is just possible to buy coins.

[Mikado$]

Yes. Those who have been watching the cryptocurrency market for a long time can see it. The altcoins value has a special link with bitcoin. I realized that when bitcoin prices dropped rapidly. Next would be ETH and other coins. They sell large amounts of altcoin for bitcoin holdings.

[JazzCouncil]

My opinion is that it is connected with bitcoin. Of course, now is the time to buy alts. Soon the situation on the market will stabilize, let's hope for it.