Altcoins dropping like crazy

[hengha]

There are many reasons that affect the market decline. In the past two months, a lot of things have happened. Some trading platforms have been closed due to financial vulnerabilities, hacking, and celebrities have accused cryptocurrencies as bubbles! When people are frustrated and afraid of the market for these reasons, they will sell tokens, which will cause the market to drop substantially!

[fulmetal08larz]

During this bloodbath, it is a good time to buy and accumulate more than your average purchases. It is not just crypto currencies that are down, global market in stocks, commodities, etc. are also down. Panic selling is usually the cause of this meltdown we're currently witnessing, but it will all end and the market will turn around and turn bullish, maybe by Q4 2018.

[Rano]

Bitcoin started to drop again. Was at 6700$ this morning and 12 hours later it just touched 6070$. Almost all altcoins just dropped with Bitcoin. Usually altcoins seem to drop harder when bitcoin drops but shot up stronger when bitcoin pumps. I hope that alcoins or at least the top coins will decouple themselves from bitcoin in the next few years.

[ohkkstaaahp]

Well, almost worth the altcoin is falling pathetic, I do not know why but the market seems to be in a deadlock, probably one of the worst times of the Crypto market. .

[Disclaimert]

all the price of altcoins is falling very badly many are fussed with this incident some call this a high starting point of high prices but ulak who predict that this is the beginning of the destruction of crypto currency and become the victim of panic and do sales of large tokens

[automaticmoney]

altcoins are seeing the lowest dip as of now we won't see much lesser prices as of now we can expect the prices again bounce back in next bull run

[Bitcoin_Makers]

Perhaps this is a general correction of the cryptocurrency market. After the rapid growth of all cryptocurrency assets, this should have happened.

[bratko99]

Damn, what the f is happening?
I don't think there are some big news that were like 3-4 months ago. Although this is not like that crash.
But still, it is kinda high to be honest. Let's see what happens after a week from now.

[Last follen star]

Damn, what the f is happening?
I don't think there are some big news that were like 3-4 months ago. Although this is not like that crash.
But still, it is kinda high to be honest. Let's see what happens after a week from now.

Nothing has transpired, we are still on a falling bear market. Many public people expect growth and shout "buy the buy", but it does not look like the growth can be expected quickly. Maybe at the end of the year something will change.

[ApocalypseNow]

Yep, they are dropping like crazy while I am shopping like crazy! It has been too long since I made a huge hoarding because the price are still high and I'm really waiting for a real discounts on altcoins and now it became a reality.

[mbah]

I think this is still the effect of the refusal of crypto happened in some time ago. In addition naturally also depend heavily on what happens on the bitcoin. If the bitcoin increase then the other crypto certainly also will experience the same situation.

[Dragonrage201]

Bitcoin dipped below $6K important price level briefly and has bounced back above it. This could be the last  stop loss sweep below $6K before the next big rise. Time will tell if this pans out.

[muid03]

hold on buddy..do not sell when you not profit..market very unstable due to so many Ico out there...all scam Ico Will be die... and only good project Will be keep going...don't panic in this crazy market...

[deppil]

Bitcoin started to drop again. Was at 6700$ this morning and 12 hours later it just touched 6070$. Almost all altcoins just dropped with Bitcoin. Usually altcoins seem to drop harder when bitcoin drops but shot up stronger when bitcoin pumps. I hope that alcoins or at least the top coins will decouple themselves from bitcoin in the next few years.

We know the magnitude of the effect of bitcoin on the altcoin market. yeah you're right in 1 day bitcoin prices can go down very deep and craze. and it will also be followed by the altcoin market as well. and eventually the market returns to bleed. this is really a tough time for crypto investors right
 

[coly20032003]

Yeah a lot of the coins that I participated also dropped a lot recently. I think it may be normal for market to be fluctuate. Will wait patiently for another a few months and see how it goes. I believe it will finally go up in the end. 

[renault18turbo]

Who called this year the year of altcoins? Absolutely not. Many altcoins are now dying, the market does not leave them a chance.

[gabmen]

Bitcoin started to drop again. Was at 6700$ this morning and 12 hours later it just touched 6070$. Almost all altcoins just dropped with Bitcoin. Usually altcoins seem to drop harder when bitcoin drops but shot up stronger when bitcoin pumps. I hope that alcoins or at least the top coins will decouple themselves from bitcoin in the next few years.

We know the magnitude of the effect of bitcoin on the altcoin market. yeah you're right in 1 day bitcoin prices can go down very deep and craze. and it will also be followed by the altcoin market as well. and eventually the market returns to bleed. this is really a tough time for crypto investors right
 

Or a perfect opportunity for those that are just planning to enter the market. These red days go two ways depending on the investor's perspective. Shopping for good alts to hold for around a month is perfect now.

[Killrbit]

Is there a particularly reason why all Coins are dropping simultaneously this week? If you look at the charts you will see a pattern

People need to realize that all coins today are inherently linked to btc.
Most people only trade alts to try and get more btc. In a falling market, your goal switches from maximizing your returns to instead trying to best preserve your capital as a result everyone will flock to those coins that they feel have most value or are most reliable from a long term point of view. For crypto markets today that is bitcoin, as a result most people today are selling their alts and converting it into bitcoins. Now this should argubally create buying pressure on btc, however the price of btc is falling as well which indicates people are converting to btc and then quickly exiting back into fiat

[amaydel]

While we are on a crisis again, it's very expected that we have a bleeding cryptomarkets as alternate coins are dropping. That's the very effect as bitcoin plummets down again to 6,000$ mark which may stay for long. Holding your cryptocurrencies is the best possible way to do for now.

[robynmario]

Is there a particularly reason why all Coins are dropping simultaneously this week? If you look at the charts you will see a pattern

Psychological symptoms and trends from the data analysis tools are derived from bitcoin. The price of bitcoin has a great influence on the trend, demand and psychology of the investor and the user community. In that trend, bitcoin and altcoin are in harmony with the up / down trend. It is a natural process when the market recovers. You will see the positive with altcoin. Be patient because of that.