what causes the price of altcoin down?

[landysh007]

The most intuitive reason for the decline in the altcoin currency may be the decline in bitcoin, because Bitcoin has fallen all the way, and all the altcoins can't escape the fate of falling.
On the other hand, the reason may be that people are not very optimistic about the altcoin, no one will invest, once the market does not need the altcoin, it will fall.

Altcoins really well repeat the movement of bitcoin prices, this is due to the fact that bitcoin has too much influence on the market. But sometimes it's not as simple as it seems. Sometimes the growth and fall in prices for altcoins do not depend on bitcoin, usually this occurs before significant events in the market.

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[traktornut]

the drop in the price of altcoins depends on the drop in the price of bitcoin.

[MOProgress]

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

First I will say it is not every altcoin that the price is down, some are high considering bitcoin price as at December 2017. But one thing that really caused most of altcoin down is that, those altcoin never have real working product and most investors don't pay attention to them.people believe in those coins that are already made, those coins that have existing product.
As of why the price is always down every mid year, I don't have any idea yet.

[lghdt943]

I don't think it has anything to do with Bitcoin, mainly because of the current market. All markets are falling, and Bitcoin is also falling. I think it is caused by a large amount of market dumping.

[active706]

The reason for the collapse of the price, in the first place, is the bounty hunters, who received rewards and merge their tokens, at the current price. Second place, it`s a lot of newbies came on the market, and when prices fell slightly, they sold all coins. I think it`s a good time to buy altcoins because of their low price.

[freshbcash]

On this account I have several equal and interconnected versions. First, the reason for this can be a massive "flight" of inexperienced crypto investors, the number of which recently (especially after large rises of the cue ball and news) has increased significantly. My second version is that the market can be manipulated by "big uncles". And the third version is that the price of the violas was also influenced by various news events and the intervention of various influential States.

[kenvar]

Altcoins price are cheap because when BTC is down - every coin is down, it's like indicator for a whole cryptocurrency space. And also, when BTC is rising, everyone replace their money from alts to BTC to get a profit.

[Abarov]

Many people now sell their coins. To get bitcoin. Forecast to get more benefits from it. When bitcoin is in the flat, the altcoyins will begin to grow.

[QuickS22]

Many coins have a low price because they are of no use to anyone, if the project does not have a good idea, people will not believe in the project and invest their money

[ljp7839008]

Everything depends on the market! The bitcoin rate dictates the rules for the rest of the coins!In the larger case, the price of the coin depends on the bitcoin exchange rate. But of course the demand on the exchange.

[Golstrim]

Currently bitcoin dominance is making altcoins price lower. Big guys manipulate BTC price selling alts and pouring this amount to bitcoin.
Also a lot of news, like partnerships, product release and listing on top exchanges can cause altcoin fluctuation

[Arcoin2]

Virtual market is constantly changing value. They withdraw money from the market and the prices start to fall. In the market, the density decreases and the prices decrease. There are reasons like this.

[raahi]

Altcoins are highly influenced by the prices of bitcoin and ethereum since collectively they own more than half of the cryptocurrency market in terms of market value furthermore  if the prices of bitcoin and ethereum go down altcoin prices go down with them

[Lora_ng15]

all coins depend on the main currency - bitcoin, but who controls bitcoin is hard to say) whales do not sleep

[kllondd]

The price of almost all top altcoins depends very much on the bitcoin price and the current trend in the crypto currency market. It also happens that investors transfer their funds from bitcoin to altcoins or vice versa and this also affects the prices.

[ITBee]

I think altcoins will catch up with bitcoise very soon.

[liseff3]

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

What makes altcoin cheap is: 1. Altcoin is a set of new coins whose existence can be said to be late or as a second coin after bitcoin. 2. Altcoin is an alternative coin any so-called alternative is usually cheaper than its original.

Which makes altcoin cheap, I think it's no different from bitcoin its both dependent on supply and demand, which is done by the users themselves who make both sales and purchases. When people sell it in large quantities, then the amount of supply will increase, it will certainly make the price lower (cheaper), and vice versa if they make a large purchase too means the number of requests will increase dramatically, so of course the amount of supply will be drastically reduced, and the altcoin price will increase significantly.

[Tirdok]

now it is profitable to invest in altcoins because the price is cheap. and altcoins are getting cheaper because of bitcoin, because it fell in price.

[Vulcansalute]

buying altcoin now is a good idea because the recent slump is only cause by the btc rally. when btc settles, altcoins will pick up and you will be in profits. funny how both rising and falling of btc can affect alts negatively. alts really do need independence from btc

[Alex09012004]

Many of them just don't have any product, MWP or something like that. Only promises and nothing more. I think it's the main reason.