what causes the price of altcoin down?

[Jimboqs]

while the market is falling is not worth buying altcoins. altcoins are cheaper because they depend on bitcoin, and bitcoin is now falling in price

[dimon01]

I believe that the price of altcoins falls due to the fact that the price of bitcoin falls. altcoins depend on the price of bitcoin.

Sometimes cryptocurrencies correct theiк prices, sometimes it's just FUD, so newbies sell every coin they got, which is followed by chain reaction and prices drop.

[Boppsross]

Binance and the MtGOX is the reasons for the fall in the price.

[Don Lord]

The price of altcoin depends entirely on the value of bitcoin, it happens that the ether also plays a role here, and of course no one has canceled the demand for altcoin, if there is no demand and the popularity of the coin, then accordingly there will be a low price.

[Mr.Noda]

The price of altcoyne is likely to be reduced by the fact that people are selling their coins to invest in Bitcoin. Now everyone's attention is tied to bitcoin. Everyone follows his movements.

[Hivecool]

I think that this is a simple psychology, people are omitting the price, that other people would be razorachivyvalis and selling, and before the winter can happen huge growth again, as then in 2017!)))

[adejoke444]

The downfall in the price of altcoins is as a result of many dumpers who actually dump the tokens they have in their wallet whenever it is listed.

[BTChannell]

The rate of altcoins mainly fluctuates in time with Bitcoin. Increasing the rate of Bitcoin rising all the altcoins. And vice versa. Exceptions are possible if altcoin has a listing on just one exchange. In this case, its rate may go against the market as a result of speculation of a small number of traders. If it is an altcoin that is traded on many exchanges, then its rate follows the market, and after Bitcoin.

[poodle63]

The rate of altcoins mainly fluctuates in time with Bitcoin. Increasing the rate of Bitcoin rising all the altcoins. And vice versa. Exceptions are possible if altcoin has a listing on just one exchange. In this case, its rate may go against the market as a result of speculation of a small number of traders. If it is an altcoin that is traded on many exchanges, then its rate follows the market, and after Bitcoin.

The rise of bitcoin rate could affect the altcoin value only if the price of that alt to btc remains the same, otherwise quite the opposite that when bitcoin price is pumped the price of altcoin sometimes get crushed thus increasing bitcoin dominance in the market.
thats why when the price of bitcoin rising it's sometimes all altcoin have a red price which means its value is going down because its getting crushed by bitcoin.

[Belianez]

Well, usually, more precisely, always a decrease is due to bitcoin, in any direction, whether it is growing or falling, if we talk about all the altcoins , and if by some then all the coins as it should have a bullish and bearish market

[kenmobility]

most times, i think what brings the value of crypto currencies including alt coins down is correction, the same correction will affect bitcoin, and once bitcoin is affected, all other alt coins will get affected too.

[cathat]

There are several reasons for such dramatic market
1. Regulation - Market is going under govenrment regulation
2. Luck of new investments - new people do not come to crypto
3. Banks are dumping prices for showing unstability of industry

[EmmanCryp]

My opinion of altcoins cheap price is because of the major bearish market that has seen bitcoin lose over 50% of its ATH value and therefore directly affects altcoins since their fate is also tied to bitcoin. It can be a good time to buy but the market can get dipper even if you buy the dip now. Let's hope for market recovery.

[Zaibraid]

Ini my opinion, there are several reasons that cause this altcoin price to fall. First, it might be a crypto currency business cycle. At the beginning of the year towards mid-year, prices will tend to decline then in the middle of the year towards the end of the year, prices will rise and will reach a peak at the end of the year. Second, the imbalance between crypto currency supply and demand because the market is not too active and crowded. This is caused by the majority of crypto currency players just choosing a safe zone by being a passive player that is simply holding the coin without making changes. In addition, this imbalance in supply and demand is due to panic, for example panic selling on a large scale or panic buying on a large scale.

[hi-blessings]

I strongly believe that when the price of BITCOIN is up again then all other altcoins in the market place will moon as well. I stop checking my portfolio as I am much into long term hodling of many altcoins am having. I hope the market normalize back quickly.

[kordon16]

I can't explain the price reduction for altcoin accurately and reasonably, but based on the articles on the Internet and the analysis of more knowledgeable people, the price reduction is affected by the price increase for bitcoin. And the growth of the dollar also has a negative impact on the cost of altcoin.

[LindsayWWW]

The price of the alt coins are affected by the price of the bitcoins.

[espellogo7]

I think the entire of the market price go down so that the altcoin price affected or maybe people are dumping the altcoin so the price go down...The price continues to decline its because the negative issues..

[nguyennhatan2]

I think that at the current state of Affairs in the market of people buying bitcoin. Altcoins falling even more because of this. Plus long time no fundamental good news from the world of cryptocurrency. By the end of March, the drop should go into growth, but these are my personal opinion

[esetop01tryba]

Everything falls as there tells our great bitcoin and until it starts to show significant signs of life, we will not see the growth of this entire industry ! So enjoy the profit and wait )