what causes the price of altcoin down?

[oliviancool]

There are so many reasons why the price of bitcoin and altcoins is constantly changing. In general, the market is very much dependent on the political and economic situation in developed countries.

[CaptainKid]

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

The market depends on many factors, and I believe that the price of altcoins depends on the price of bitcoin. Now the market is low and it's a good time to invest. Only you need to carefully choose coins.

[cryptojac17]

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

The market depends on many factors, and I believe that the price of altcoins depends on the price of bitcoin. Now the market is low and it's a good time to invest. Only you need to carefully choose coins.

Definitely all altcoins followed the fate of bitcoin, all currency world wide, dependent on the bitcoin price, but  still follows the bitcoin price, Today's price is just the supply and demand  dictates, negative write ups scare  ordinary bitcoin investors.

[Katya91a]

The most important cryptocurrency bitcoin, causes a General drawdown of the market. This is the reason for the fall of the altcoins

[Andreina0107]

The price of bitcoin directly influences the other altcoin, intrinsically linked, but from my point of view, I think it is because of the regulations of cryptocurrencies in certain countries and the lack of knowledge about certain altcoin that can work above those regulations , privcy for example, allows the use of its low profile cryptocurrency, which allows its users to keep their coins without being victims of regulations without reason.

[Edsemen]

There are so many reasons why the price of bitcoin and altcoins is constantly changing. In general, the market is very much dependent on the political and economic situation in developed countries.

At some point yes,both have each strengths to keep the cryptos alive in the market. However,many investors are selling bitcoin at lower cost despite the slow increased. That is one factor also that makes altcoin down which is obviously depend on bitcoin price at all times. Moreover,it is strongly observed by everybody on how it is surviving for the last almost a decade ago.

[Biet12]

probably because the price is much according to me because of certain factors such as there is a problem between the state or the demand that much or diminish .

[ordeath]

You can buy now if you want,  but no one has any guarantees for both options of overall growth, and also of overall fall, so buy at your own risk.

[hdclover]

Simple, there are more sellers than buyers. This may occur because of lack of zeal towards the project or to find a true value of the coin. Sometimes scam projects fall sharply.

[tranhongg323]

Man bitcoin wild ups and down cause it all. Imagine if we suddenly go up for about 10% all alts almost will bleed too, people will chase BTC, that's the same if BTC goes down. people will hedge into fiat with selling theirs alts into btc into fiat.

[fortune92]

People selling their bitcoins makes the whole market go down hopefully it will change soon and start seeing some green  with the altcoins it is a difficult market to get it and make money the best way is to buy and hold for a while untill you get earnings

[D3m1r4wanti]

the basic economic principle, that the more people who sell the price will go down. which is the real question why many people are selling bitcoins now? are too many people in need of money so they either double-bitcoin them simultaneously or they panic with the falling bitcoin?

[kalincoolcute]

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.

[nicole74859]

In my opinion, the main reason is the negative news background and the absence of very large and significant events for the world of crypto currencies. Once such events occur, this will give a new impetus to the development of the entire crypto currency market.

[Dortira]

The price of altcoins is falling due to panic. Investors sell their coins to save their capital with minimal losses.

[zebrabounties]

There are several reason, because of so may bitcoins are sold by a company and it is causing anxiety and panic in people. so they are decreasing the value of bitcoin by selling it so cheap and it effects also price of other coins

[cryptomadu]

Price down of the BTC is the reason for the altcoin price down. All the investors are looking at the movements of the btc to make their decisions about investing on other coins. If the BTC is strong then other altcoin also will go up.

[Joriecoinbit]

There are several reason, because of so may bitcoins are sold by a company and it is causing anxiety and panic in people. so they are decreasing the value of bitcoin by selling it so cheap and it effects also price of other coins

I believe all currencies here are depends on bitcoin market prices that's why altcoin encountered bear trends right now but don't lose hope because everything has a possibility to repeat again, instead of selling better to buy more cheaper coin and wait until prices increase.

[Nasonn]

They are many factors such as market demand, the market demand is very low compared to supply. Also those spreading negative news in the media one way the other affect the price of altcoins.

[stephanie9428s]

Main reason behind down price of altcoin is bitcoin when ever the price of btc goes down altcoin also go down, because the main coin used for transaction of coins is btc, every one want btc in exchange of altcoins whenever main coin price reduce all coins fall.