what causes the price of altcoin down?

[longquan1500]

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.

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[Beyerd17]

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.

The price of Bitcoin is high. Not that long ago it was below $1000. Oh, you mean because it's not at $19600 it is low. It is 600% higher than some one and a half year ago, that is very high.

[chuckle.j.everwin124]

I think that the drop in the market is due to the negative news background. In America, lawsuits are now under way on fraudulent projects. Some countries, for example, Russia refused to legalize crypto-currencies.

[Tukang Becak]

The main factor that most affect the price of altcoins is certainly the bitcoin, with the largest marketcap then everyone makes bitcoin as a measure in setting altcoins prices, when bitcoin prices go up the price of altcoins also rises and vice versa.

[Et Hereum]

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.

[tetyulfania]

Usually or tradition when bitcoin price is cheap the same thing will be happen on altcoin cheap price, never have different thing between bitcoin or altcoin price, when bitcoin on highest price will be follow by altcoin on highest price. Maybe many of us asking about why is happen to altcoin ? bitcoin is main and altcoin is allow of bitcoin rule and price, just is the begining of bitcoin and altcoin have lower price, we have keep more to patient.

[financialgoal]

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

[soul-impact]

Causes altcoin prices to fall.
1. The Return of Bitcoin.
When the exchange rate of a currency on the BTC (Altcoin / BTC) peaked. Some traders will not hesitate to sell to get the BTC. Because they consider the BTC to be the best value storage medium and can be the only safe currency.
2. Transaction Bot.
The altcoin has had a stronger recent rally. However, this time the trader will probably profit on. They do not want to wait too long.
3. The influence of different trader communities.
  Asian and American investors may prefer different assets. At the same time, a decline in a market can affect all other markets.

[rhana_]

I think the price of bitcoin and altcoin drops because of the act of coin "a scam that promotes its homemade coin and to reap big profits and then run.

[gorobif]

Cryptocurrency is volatile, but my opinion is that it occurs at a time when a large amount of money is withdrawn, so we can hope that countries recognize it as legal and a large number of investors will come

[quynhanhkhr99]

The factors of altcoins' decline are the increasing number of new coins emerging in the crypto, the increasing amount of mass trading at the time the crypto price is declining, the amount of demand for altcoins has dropped dramatically. These things make altcoins very vulnerable to the situation. When prices are falling this is the right time to make a purchase.

[kasbon]

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.

support greatly affects the development of coins that exist today. so for the support of the decline is able to drag the price from Altcoin to come down. so this becomes a center of continuous improvement and makes it a place to increase the coin in the future.

[hot_ads]

The obvious lack of confidence in the market, the price of BTC has been falling, and a large amount of capital has fled, leading to the price of altcoin falling all the time.

[mirawantirinjana]

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

not all latcoins have a low price some altcoin mimiliki high prices the difference lies in their ICO prices
this time is the perfect time to buy altcoin
it is a natural thing every year its fluctuation will be repeated

[Lareina]

The encrypt world is vulnerable to hacker theft and the impact of national policies. I am really angry why there is always negative news to prevent the development of the encrypted world.

[hailam123322]

Today there are not so many reasons that we could talk about them and argue with you, probably the main reason all the same is the general dipression seems to me that just as very influential people sell bitcoin for very cheap.

[senopratama]

sorry but most of the altcoin every year even many who experienced an increase. But if that decline is certainly due to the fluctuations are occurring and indeed it is common. or even this is also due to the influence of very bitcoin can affect the State of the market so as to make altcoin into the smaller value.

[Wuddly]

The reason for lowering the rate of bitcoin can be the introduction by the American technological corporation Google of the ban on advertising crypto currency since June 1, 2018.

[Silberman]

The prices of altcoins are heavily dependent of the prices of bitcoin and as we know the price of bitcoin recently experimented a bubble and a crash so it is natural the prices of almost all altcoins to go down, but there is nothing to worry about, the price will recover but like always the problem is we do not know when that is going to happen and our only option is to hold until that day.

[wanderfia19]

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.