Altcoins dropping like crazy

[oegarod]

Big correction in store for large cap alts. Expect more bottoming/all time lows.

i think we hit the bottom here hoping anyway most are down 90-95 % from there peak from the boom

As bitcoin is dropping low continuously, each and every altcoins were dropping crazy into such a margin from the peak value. Maybe this will be the time to have patience, altcoins falling low will soon begin to move on the forward track when bitcoin starts to increase further from the bottom value.

[efecanhll]

Since btc falls, all the coins are going downhill, so let's see where the end will go

[Oasisman]

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

The main reason for today's falling analysts call investigation of activity of four cryptocurrency exchanges: Bitstamp, Coinbase, ItBit and Kraken begun with the American regulator of commodity exchanges — the Commission on trade in commodity futures (CFTC). The commission suspects that at these exchanges manipulation at the price of bitcoin which has affected the prices of the futures for bitcoin traded on CME and CBOE was made.
Иcтoчник: https://cointelegraph.com/news/all-of-top-100-cryptocurrencies-see-red-amidst-cftc-price-manipulation-probe

Well, if this news is true, I would be surprised that exchanges get involved into such manipulation. I thought it was the big players who alone are manipulating and suppressing the prices. I doubt manipulations arent true at first, but later on I just realized and understood how the market moves.

[Agetan]

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

Reason is news i think. Hack of exchange in korea is one of thereason so bad news always dump the cryptocureency.
I think this is the ending but in reality is not. Good news now have no big impact but why 1 bad news make the crypto dump very bad.

[hynext]

When bitcoin priced going down many altcoins will dropping too. This is good entry to the new comers for cryptocurrency but this is a sadness thing were people bought their altcoins in high priced. Hodl is the best thing we do if altcoins dropping like crazy.

[fritzbird]

Because Bitcoin is dropping. All altcoins are following the Bitcoin. The crypto market does not look good.

Exactly. It’s been happening since the start of the year. Bitcoin’s presence and
influence is vast and relentlessly strong among altcoins in the market. We can
only hope to see altcoins thrive as Bitcoins begins to climb back up and have a
somewhat specific significant pump.

[Silberman]

Whenever there is a major price drop, the fall in value of altcoins will be very big. This is possible to be retained only when the price of bitcoin as well the head of altcoins increase. One of my holdings have gone as low as $0.006 from the value around $0.1 months back. I don't know what is gonna happen further, such drop gets recovered or not. Just with the hope having patience to experience a good pumping.

You do not tell us which coin you are talking about but a 94% drop in the price in just a matter of months does not speak very well for the future of the coin especially when the market has decreased on average something between 60% to 70%, if you still believe in the coin and its future then you could buy now that is cheap but if you do not believe in the coin any longer it could be a good idea to wait for a small price increase and then sell.

[Anonylz]

This is just a new accumulation period and i think that we all need to remain calm and try to buy as much as we can as soon as there are good offers, take as a reference the price of Dragonchain, Elixir, Quarkchain, and a few others

[biletskiy]

yep because they are following bitcoin trend. i think it's normal for the current market situation

Bitcoin did not lose so much as many altcoins managed to do. I feel very sorry when I see how my favorites are falling. I hope, they will recover in less than 2 months.

[minairia3]

The mother is also dropping wild so it's expected. Really really hard to trade now and maybe you could just try to invest in some ICOs or with those low volatility. Perhaps get out for now and trade in other traditional ones.

[Patpro]

The whole crypto market is bleeding, even btc. Btc has long proven to control the market price and once it falls, almost all altcoin falls.

[Ksenia4Ksenia]

You correctly wrote - as crazy! I do not have time to keep track of the entire portfolio, and sell coins in a small minus, because everything is very fast flying down! It's because of bitcoin, all the coins follow it..

[dadabosade67]

Damn thing will happen and it will keep going deeper and deeper even if you guys don't want. You can stay away now of buy more and more to wait for some miracle to happen

[ATSgrowth]

Because scientists have discovered that crypto price has been manipulated last year. There was also the role of Tether.

[bitbollo]

Because scientists have discovered that crypto price has been manipulated last year. There was also the role of Tether.

no this is not the main reason. just because it's an argument discussed from december 2017 and already described with tons of blog post and news even in famous papers.
most of altcoins are dropping because we are going to have summer holidays (trader keep profit and sold some position). Plus one year ago the whole market was 1/5 of today value. it's pretty normal see a correction.

[Mhd-Bobbi]

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

all depend on bitcoin. because the bitcoin decreases then altcoin decreases. but maybe next week or next month there will be a slight increase.

[kingzpro]

Prices are really disappointing, i was holding some good projects like bat and atl but they are also struggling, atl token price has been very down and continuously going down just check the chart on cmc, some do say that it is good opportunity to buy more but i want to see some recovery in the market before getting in again.

[abokhalel2]

And what are we going to do against it? the only thing that we can do is just to wait until this bear season ends and we all in here are going to be happy in just matter of time

[GoldenLad]

Because scientists have discovered that crypto price has been manipulated last year. There was also the role of Tether.

This is my assumption too. Though, it is true that altcoins may be increasing and decreasing as a result of changes in the price of bitcoin. But there is also a tendency of having the present of manipulation by some big whales who are pulling up and pulling the price of bitcoin because of their own gain.

[sakemias]

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

which I know is not like a madman because I know the price of altcoin does decrease simultaneously and with so many people investing and waiting for altcoin prices to regain steady then altcoin does fall together but not with crazy people