what causes the price of altcoin down?

[UsernameBitcoin]

It could be a number of things at a time which could have to do with negative news which is making people scared of investing. People dumping coins for their profit, whales manipulating the prices of the coins to keep them down so they can accumulate a large number of coins. it could be anything at this point. It could just be the market being volatile as always

[Btcwashu]

It could be a number of things at a time which could have to do with negative news which is making people scared of investing. People dumping coins for their profit, whales manipulating the prices of the coins to keep them down so they can accumulate a large number of coins. it could be anything at this point. It could just be the market being volatile as always

When we talk about the price of altcoin ethier high or low it's all about the supply and demand with that altcoin can affect the price itself. If a lot of people  who are buying that altcoin the demand will goes high and that's the time the price of that altcoin goes high too. But if many people are selling their altcoin the supply of that altcoin goes high so that the price itself will goes low.

[romero121]

None has got the clear information for the recent price drops of majority of the altcoins. From my understanding as bitcoin went dropping, the value of altcoins too fell as it is dependent upon bitcoin. Now bitcoin has returned back on the track, and the same has made almost every altcoin progress.

[Beyerd17]

Supply and demand and future expectations determins the price of altcoins. If the devteam works hard and have good progress to show the community the price rises.

[stefven]

talk about altcoin, where altcoin is an alternative coin of bitcoin, so it's definitely the price will be lower than bitcoin. usually if the bitcoin price down, the altcoin price will also be getting down. but besides altcoin also has many benefits. the right time to buy altcoin is when the altcoin price is down. and we can sell it when the price is going up.

[Perfect35]

Well, i feel FUD contribute to the fall in the prices of altcoins. There are times that holders of some altcoins sell in panic after being fed with fake news and they begin to sell low, which results into the fall in prices.
Also, it has been a trend, to see the value of coins in general dump during the middle of the year.,

[Beyerd17]

We all see a clear dependence of the altcoins price on the bitcoin price, but I think that in the future everything can change. It is possible that in the future some altcoins will not depend on the price of bitcoin, the coins will become more independent. I hope that this happens soon.  Roll Eyes

If Bitcoin tanks hard, most, if not all altcoins will tank also.

[Zagitta]

Mostly when the price of bitcoin goes down, the entirety of the market prices go down with it so the prices of altcoin go down when the price of bitcoin goes down. Until coins can detach from under the shadow of bitcoin, anytime that the price of bitcoin goes down then the prices of altcoins will always go down with it. Also when a lot of people are dumping an altcoin, the prices go down.

[rosabella]

I think it seems to be all altcoins rely on bitcoin price, altcoins will also affected in Bitcoin fall. Even whales are also contribute on ots fall if they sell it to fiat. Besides, bad news and the market also reacts to them through the demand on the market.

[Meycell]

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?

usually when Altcoin decreased this level of interest in Altcoin decreased. because of Altcoin's declining interest, the development and price of Altcoin are severely affected and can also fall too. so to anticipate this, when the development began to slow it would be nice to hold the Altcoin you have.

[Temmy007]

This is has result of December to January hard pump, this are healthy correction to keep crypto alive,  it would shake out weak hands and shirty project.

[lastlove9091]

This is nothing, a lot of them will be worth close to 0$ because lack of utility, some will change the world and whole industries obviously but a lot of people will lose faith because of investing recklessly.

[Beyerd17]

This is nothing, a lot of them will be worth close to 0$ because lack of utility, some will change the world and whole industries obviously but a lot of people will lose faith because of investing recklessly.

This is the truth, 5 years from now most of todays low value altcoins will be gone and worthless. Go for quality.

[AliveBuda]

If I think that causes altcoin degradation is due to bitcoin effect. Because if bitcoin rises very drastically auto altcoin will decrease otherwise if altcoin rises very drastically bitcoin will decrease that is why altcoin is now down

[mastersay]

The altcoins is very cheap when the market is in bearish track. When the bitcoin falls down to its price and so as the altcoins. It is a very good opportunity to grab these kind of moment to buy more of altcoins. As I have observed last midyear, it is also the same, the price was unstable, but I don't know what is the concrete reason behind that. But one thing is for sure, it will be a bull run when 4th quarter enters.

[InvestMen]

The price of Altcoins, like any product, is formed on the basis of supply and demand. This is the basis for the exchange rate formation of the crypto currency. Price growth is always a demand. Demand has a reason - the desire to buy an asset in order to enrich it in the future.

[bezzler]

If the price of the altcoins is low, it may be caused by some factors. First is the cycle of the cryptocurrency that belongs to the dropping price at all. It is also caused by the bitcoin price that is also decreasing. Additionally, the huge growth of the altcoin types from ICO also sometimes make it lower, moreover, there are some ICO scams. However, the decreasing or increasing prices of altcoins are actually normal. We can take the advantages from them. You can buy the altcoins when the price is precisely down. So you can hold it and sell them at the higher price. Of course, it is important to analyze which is best and most promising to invest.

[ngocnga0051]

Altcoin depends on too much bitcoin if bitcoin decreases alcoin. Currently, the market capitalization of bitcoin accounts for 40% of the market. I think if the capitalization is reduced to 30% then altcoin will increase

[lawalganiyu]

The main reason why altcoin down is because if there is low in market of BTC actually there will be down in altcoin price

[aspalela]

I think the cause of the decline in altcoin prices today is because of the decrease in the price of bitcoin which may affect altcoin, but we can see what we seem to know, altcoin prices depend heavily on bitcoin prices, so every time there is a reduction in bitcoin prices, the whole market becomes red. And yes, when the market is red, it's the best time to buy, that's what most investors do, which brings them to a lot of advantages.