Can't figure out why the price of altcoins are dropping so fiercely

[ihaveaquestion]

It's always interesting to see how people react to prices dropping. Then it becomes manipulation, whales, dumpers, FUD, etc. Where is all this skepticism whenever prices rise? If it suddenly turns green now it's all about the potential power of blockchain and how great the tech is.

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[sliderider]

So a fellow bagholder telling you that their coin will 10x, 100x in few months and that you should buy and hodl isn't manipulation, but Warren Buffets pointing out that cryptos are risky because their value comes from speculation about future transactions unlike value appreciating assets is FUD and manipulations?

[madtea]

Crypto has a long way to go and may not make it, atleast as it looks like now. There could be a handful of winners, one main crypto used for daily transactions and some industry/market specific altcoins that use blockchain technology for other purposes.

[tamango]

The best rule for making profits in this world is not to panic, relax and hold..market will rise again soon in next months . Personally in these days I don't even look at prices...

[Negdan4ik]

I think that this summer or at least in autumn the market will recover, there will be a turn and everyone will be happy, we just have to be more patient and wait.

[Valay9836]

I think that this situation will last a couple of months. and then the market will recover, but at a slow pace.

[leviathon]

Price of so many altcoins is dropping so severely ... When will the market reborn?

If you are expecting the market to get better soon then you are just setting yourself up for disappointment, The fact is that we have already had a bull market this year and there is no way that we are going into another bull again. We are about to fully go into another bear market. it will take a while before we start seeing better prices of the coins.

[lifesgood10]

It is dumping fiercely because people are selling ridiculously
What other proof do you need ?

There are several manipulators of the current market and you need a perfect strategy to keep yourself at an advantage at every scenario
Never wait upon any lapses

Buy the rumours
Sell the news

[Gabb]

Price of so many altcoins is dropping so severely ... When will the market reborn?

In fact, all this great speculative wave suffered during the last few weeks in this market has served to show that many people tried to join this market with the sole purpose of obtaining great profits, without worrying too much about offering cryptocurrencies really useful or technologically advanced.

Therefore, it is expected that many of these cryptocurrencies gradually fall to the point of disappearance, as new investors will be increasingly demanding and selective when choosing serious projects to invest in them, for what I thnik very few of the current cryptos will be able to survive the test of time.

[loonb]

because when they pump they will pump like a crazy. i remember the last bull. every day some coins do 3x-5x in one day. that was beautiful days. because of those days we now see this huge dumps day to day.