what causes the price of altcoin down?

[roller24]

I'm waiting for bitcoin to stop affecting the price of altcoins. In this case, new opportunities will open up for investors and holders of altcoins.

[abokhalel2]

The huge fud and confusion that is on the market at the moment, there are a lot of people already dumping all of their coins beause of this, it is not safe to dump now

[Xardasim]

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

When the price of Bitcoin goes down, the price of the altcoins goes down with it. That's why all the coins are only against Bitcoin. I mean, you can exchange Bitcoin to USD directly, but can not exchange WAVE to USD directly, you have to exchange it BTC or ETH for change USD.

[tonyjon]

Once, my friend gave me advice. Stay away from coins with low trading volume and low capitalization. Their dynamics are easy to manipulate, and you can get stuck in positions. You can make money on shitcoins using impulses or a common hyip, but do not invest in them for a long period.

[nothingmiracle]

probably due to the Islamic holiday, this is almost the same as the Chinese New Year. most of them melt the cryptocurrenct for the needs in the day of Eid, I think it would be very good to invest now.
I do not mean racist, only opinion.

[duonghi99c88]

Altcoins are follow the bitcoin. To the end of the year it will grow up and altcoins will follow it. I do not see a great problem that the market goes down write now.

[duonghi99c88]

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

[X3rto14]

hi,
yes! maybe this time is the right moment to buy some altcoins!
I would invest 50% in some established coins and 50% in new ICOs.
It's upon you.
Good Luck anyway.

[pantsme]

All about big daddy bitcoin and what he wants to do for the day my dude.  Also FUD in the news can also cause an alt to dip unexpectedly.  They rise randomly too it seems as some of them pump when news hits the markets and some dip when news hits the markets.  Alts are a gamble for good reason.

[bungsoh]

Price movement is a necessity in trading activities. Good price or bad price are two sides that can not be separated. With the help of this movement, you can identify the advantages for yourself because if we can predict when the price goes down / up we can predict our investment much better. But I really do not know why it fell in the middle of the season. I can only assume that this time is quiet without high-profit events.

[Russia32]

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

[kalincoolcute]

From my point of view, it  depends on us whether we dare with a very high risk because with the current investment can get a low price but time rise again will likely take a long time.

[Zack Lee]

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

All I know is that nothing causes the price of altcoin to decline but I know with the decrease of altcoin at this time because it follows the movement of bitcoin that has not yet climbed therefore I do not know what causes altcoin price to decrease and as far as I know altcoin follow movement bitcoin

[MinerFTW]

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

Altogether, the prices of the altcoins follow the direction of the bitcoin. I think the price drop is falling due to the different laws in some countries that are not favorable to the crypto currencies. But yes, it is now a very convenient time to buy cheap coins.

[Eloson]

Well to me the cryptocurrency market is as unregulated as it can ge, it’s no surprise that big players are manipulating the markets for their own gain. It’s no longer rare for people to run bots to buy and sell cryptocurrencies.


Amateur investors, on the other hand, want to make quick profits. Once the price starts falling, these investors tend to panic sell. The combination of market manipulation and panic selling may be a reason behind the current price fall.

[Dek_Fakhri]

I do not think there is any cause for altcoin decrease because I know altcoin price is decreasing due to the bitcoin movement and so now Altcoin and bitcoin prices are still decreasing and not yet rising, therefore, I chose to invest and hold altcoin

[Sarisang]

the decline happened by altcoin could be due because of factors bitcoin as well. This, of course, happens because of a lot of the altcoin programme price against their predecessors as bitcoin. But if every year altcoin decline I think not. Thus altcoin rising and it was great.

[ilhamdoni]

bitcoin price fall down altcoin will be followed falling down also and this trend we can say the altcoin only relying bitcoin price if it is down altcoin down if it is up altcoin also up the value.

[jhon pantau]

There are several things that make the price of altcoins to be down. Among them is the number of communities that sell their coins at the same time. So it makes the amount of demand for altcoins to decrease dramatically. The number of new coins emerging, thus increasing the tight competition between coins. The declining market situation for a long time, making the community doubt on the crypto, so they choose to sell their coins. Which then makes the price of coins on the market getting worse.

[Eros1on]

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 also agree with you very much. The price of BTC has been falling, and the market confidence is getting lower and lower. Many people have sold altcoin and BTC at a low price.