what causes the price of altcoin down?

[fiorilia]

certainly many factors that cause this such as the demand for a slightly reduced crypto or crypto that sell a lot of them. However, it may be specific to this year's decline even as it appeared big rejection of some countries against crypto. even from social media and google ad restrictions also appeared on crypto.

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[PumaPuma_]

The prices of altcoin are affected by any negative articles. You can believe it yourself. You choose altcoin, which is traded on small stock exchanges and begins to heat it, attaching some negative links. And after a while, the price will go down.

[tuquyen44]

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.

[tuquyen44]

if I think the cause of the decline in altcoin prices due to the decline in bitcoin prices affect the altcoin .. so the coin in altcoin.
the selling value becomes low

[Henisusan]

Some problems may influence the cheap price and dropped prices of the altcoins (in fact not only the altcoins but also the BTC).
- The price of the BTC also drops, it influences the altcoin price.
- Some people prefer to sell their altcoins because many necessities in the middle of the year, with the bigger amounts to sell, it can influence the price
- Many presences of the new ICOs that make the investors are divided into some choices.

That is what in my opinion.

[trantu0490]

It has relevance with bitcoin price, when bitcoin price is dropping so with alt coins. Its usual in this markets and gives us benefit to buy on low prices, surely to get a huge earning when the price is higher.

[DrYe5]

It has relevance with bitcoin price, when bitcoin price is dropping so with alt coins. Its usual in this markets and gives us benefit to buy on low prices, surely to get a huge earning when the price is higher.

Many investors talk about ‘The Binance Effect’, which is the instant influx of trading volume and the rapid price increase a coin experience the moment it gets listed in a big exchange such as Binance. Even just the announcement that a big exchange will list a coin can cause its price to spike.

[posi]

The up and down in price of cryptocurrency is natural because of the volatility of crypto currency market. However, the cryptocurrency market in general face a lot of bearish in price because of the cryptocurrency blood bath and a lot of shitcoin have not survive since then. Therefore, not all altcoin are dumping in price this days and only coins that lack utility will not survive current cryptocurrency market.

[sleblanc1469]

One of the reasons - people transfer their money from projects with had already profits to another promising ICO.

[Memeicomel]

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?

not just Altcoin is experiencing a decline in prices. because Bitcoinself also experienced falling prices. this is usually marked by the beginning of enthusiasts who change hands. meaning they transfer other coins. by selling initial coins, it will make the coin decrease. therefore there may be a declining price in the market.

[Beyerd17]

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?

not just Altcoin is experiencing a decline in prices. because Bitcoinself also experienced falling prices. this is usually marked by the beginning of enthusiasts who change hands. meaning they transfer other coins. by selling initial coins, it will make the coin decrease. therefore there may be a declining price in the market.

Shitcoins with no future will slowly die off, the market is so full of shitcoins right now its ridicolous. They have nowhere else to go but down.

[Dima95]

I can say that time is perfect for buying them, however the question about the falling is actual for me too. Maybe nobody need them without bitcoin

[Beyerd17]

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

The time for investing "long term" (whatever that might be) was when Btc was below $1000 not that long ago. Not sure I would put any fresh money at todays (dropping) prices. I pitty the fools that bought at $19000.

When everyone is bearish is the time to buy (more).

[ngantrann206]

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.

[Omtamvan]

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.

yes I agree with you because what I know altcoin follows the movement of bitcoin and now bitcoin is declining and in my opinion, this causes altcoin to decrease because bitcoin also decreases,

[CryptoBuds]

The market of crypto currency is obviously cyclical. And now we see the fall of this market after a long and continued growth, which was at the end of 2017. But I'm fully confident that after a long fall, there will be a long and pleasant growth.

[X-ray]

The market of crypto currency is obviously cyclical. And now we see the fall of this market after a long and continued growth, which was at the end of 2017. But I'm fully confident that after a long fall, there will be a long and pleasant growth.

I suggest you read more about speculation article, it says a lot about the market recently. There is a lot of manipulators, those are not having good mentalism will be so easily getting affected by the manipulators.

So many FUD news has come in these days that make the crypto chart even worst time to the time.

[kakawin]

Most of all bitcoins are concentrated on a small number of wallets. The one who owns so many bitcoins can very easily raise or lower the price. The price of bitcoin greatly affects the prices of altcoins. So I think that the price is manipulated by big players. 

[altcoinMyr]

What has been done by scammers can be a major impact on altcoins fall. Many scammers stolen a million dollars from investors around the world. Some investors may 'be afraid to trust and invest again or making an adjustment on how to recover from lost.  As long as there are scammers, altcoins will continue to fall. So doubly cautious and avoid the crook.

[crypto reva]

Altcoins price is depend on btc.The price of BTC is getting lower,so and the price of altcoin, which is denominated in BTC, will also be reduced, and the price of altcoin will continue to fall at a time when the market is low.