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Author Topic: what causes the price of altcoin down?  (Read 4132 times)
pleci
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March 14, 2018, 09:04:53 AM
 #101

- It is clear because the price of the parent coin is decreasing so altcoin will also go down.
-All depends on us whether we dare with a very high risk because with the current investment can get a very low price but time rise again will likely take a long time.
-for this matter may schedule all investors as it always happens every year like this.
Reez
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March 14, 2018, 09:22:08 AM
 #102

Since alts are still tied to the price of Bitcoin, whenever bitcoin price drops so does alts price. The only time alts pump is when the btc price stabilizes.
makladun
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March 14, 2018, 09:26:02 AM
 #103

Generaly if the BTC price fall down altcoin will be followed falling down also and this trend we can say the altcoin only relying BTC price if its down altcoin down if it is up altcoin also up the value i think.
drogas
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March 14, 2018, 09:27:38 AM
 #104

Since alts are still tied to the price of Bitcoin, whenever bitcoin price drops so does alts price. The only time alts pump is when the btc price stabilizes.

Yeah, aside from relevant news, whales, FUD, etc. a lot of the altcoins are dependent on btc price and change accordingly.
Muruga
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March 14, 2018, 09:57:17 AM
 #105

In my opinion, the main factors in the reduction of bitcoin and altcoin prices are the sale of bitcoins and Bitcoin Cash owned by MtGox
for a total of over $ 406 million, as well as the expected discussion of the prospects for the development of the Crypto-currency
at the G20 summit scheduled for March 18-19 in Argentina.
meyklove
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March 14, 2018, 10:32:52 AM
 #106

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

Altcoins are connected to bitcoin if bitcoin falls altcoins follows because if you are holding altcoin you will surely lose in conversion.

sourish
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March 14, 2018, 10:38:52 AM
 #107

Why look a gift horse in the mouth, do your research, find your coin and buy!!!!!!
rajurathod18
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March 14, 2018, 11:05:01 AM
 #108

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

We all have been observing this bearish trend of market since Jan 2018 due to market correction and MTgoxx scene. Bitcoin is the most popular digital currency, alt-coins for the most part will set up what’s called a “trading pair” with Bitcoin or another much larger cryptocurrency… Therefore, relying on Bitcoin as the accepted form of payment. This in turn could obviously increase or decrease the value & price of Bitcoin because of its central placement within the market of most alt-coin trades.As you see, when Bitcoin’s market moves, everyone will start to trade out of or into alts, but via Bitcoin therefore resulting in a paralleled pattern between Bitcoin and many alt-coins. also yes it is a good time to buy some altcoins there are some undervalued altcoins which have good potential to rise, do your research and invest safely.
fileo
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March 14, 2018, 11:12:25 AM
 #109

We can assume this is one way of approach on how to handle this crypto as it is the way on how crypto price move. Cheap means can avail easily. If this will always happen as you said then we can say this is normal way of how crypto react in each year.

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candy69
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March 14, 2018, 11:12:40 AM
 #110

Most of these altcoins have pumped hard in the last quarter of 2017. As they have been overvalued, when the market correction has taken place, these altcoins price have come down sharply.
screwUdriver
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March 14, 2018, 11:25:00 AM
 #111

Generaly if the BTC price fall down altcoin will be followed falling down also and this trend we can say the altcoin only relying BTC price if its down altcoin down if it is up altcoin also up the value i think.
The value of the notoriously volatile cryptocurrency has fluctuated unpredictably,with nobody truly knowing whether it is on the verge of rising further or falling spectacularly. The fall in bitcoin appears to have helped reduction the value of other digital currencies.
HolderLoo
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March 14, 2018, 11:30:48 AM
 #112

If you look at the cryptocurrency market for a long time. It is possible to recognize that altcoin values correlate with bitcoin. By reducing bitcoin, the altcoin is sold in bulk to buy bitcoin. Or that the number of altcoin is expanding and gradually the user base is balanced. In my opinion, these have always affected the discount of many altcoin in the crypto market.
PadenoM
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March 14, 2018, 11:45:44 AM
 #113

in my opinion it is the usual same old scam, some big player are influencing the market price to make it dump and then they buy and the same and the same....
rallyko
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March 14, 2018, 01:31:13 PM
 #114

Of course, now is a great time to buy altcoins.
And everything that happens in the market is the manipulation. We are pawns in this game.

henke1
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March 14, 2018, 01:35:01 PM
 #115

Quote
Ripple price ‘CRASH’: Cryptocurrency value PLUNGES following DEVASTATING XRP loss
https://bitcointalk.org/index.php?topic=2688518.msg32293782#msg32293782
Olajide Olaoluwa
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March 14, 2018, 01:36:32 PM
 #116

Sellers can accurately calculate the net worth of his or her computer within seconds-including detailed consideration of a number of relevant variables and data. Techspecs net evaluation can be used as an independent value proof to show sellers eliminating haggling.
babsjoe
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March 14, 2018, 01:38:48 PM
 #117

Altcoin prices follow the price flunctuation of bitcoin very closely since all altcoin are paired in bitcoin. Once we see a stable bitcoin or if bitcoin start to move in a positive direction as regard price , Altcoin will naturally follow the price trajectory of bitcoin.
Pasadoble
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March 14, 2018, 01:49:27 PM
 #118

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 it is linked with the bitcoin price.
guoyu78
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March 15, 2018, 05:17:32 AM
 #119

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?
Yes, not only there are stable reasons for bitcoin and altcoins dropping low, there are also drops and gains caused by news from media, government and also problem with trading exchanges. This time, the drop was specifically because of binance being hacked and the holdings that people hold in binance were automatically sold for bitcoin and then converted to a particular coin to make the coin pump hard, therefore the other alts and bitcoin dropped as a result cause all money was flown into a particular coin. Now that the hack period is now, market is recovering again and will become stable soon.
Bakemat
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March 15, 2018, 05:42:21 AM
 #120

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 causes of the alternative couns why it is going down the price. Most of the alternative coins will only rely or depend on the bitcoin so if the bitcoin goes down the alternative coins going down too  and in he market if the performance in he market are not good and many investors leave i think it will going down the prixe too
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