why are altcoin dumping hard at the moment

[jemine]

Bitcoin and altcoin are on a downward trend as the moment, there is  No FUD or negative news at the moment yet everything is going down. What could be the cause of this?

[Halbert]

All the coins are moving behind bitcoin in the main and now there is a downward trend in the market that throws out all the excess 

[Shova]

The market is mostly affected by the price change of bitcoin. Bitcoin price change are generally lesser but the change has sharper influence on the price of alts. Altcoins falls as well rises in larger degree than bitcoin.

[swissgang]

I think it is going to test $6000 again though there is no bad news now. I may say whales dumping the coin but I don't know really why all coins dumping.

[Cryptoguru274]

Bitcoin and altcoin are on a downward trend as the moment, there is  No FUD or negative news at the moment yet everything is going down. What could be the cause of this?

There was one negative news some few days ago about a korean exchange been hacked, the news gave ripple effects on the crypto market. However the market is trying to correct itself, so soon every thing is going to be normal again.

[bozo333]

Bitcoin and altcoin are on a downward trend as the moment, there is  No FUD or negative news at the moment yet everything is going down. What could be the cause of this?

some peoples are said south Korea is created a big issue in current scenario but this negative news are slowly recovering in future.
Most of the experts are said this fluctuation is common issue in current trend and all the investors are still hope to trust this platform.

[demenBTC]

Bitcoin and altcoin are on a downward trend as the moment, there is  No FUD or negative news at the moment yet everything is going down. What could be the cause of this?

a lot of confusing news there is no definite clarity with the decline in current bitcoin prices, all altcoin can be boosted when the price of bitcoin increases and vice versa

[9tails]

Bitcoin and altcoin are on a downward trend as the moment, there is  No FUD or negative news at the moment yet everything is going down. What could be the cause of this?

Traders is the cause of the market status we all demand what price we gonna buy and sell. Scared traders sell their altcoins and bitcoin in a low price.

[krassy]

It is best time for my investment portfolio))) bad news is very influential on crypto, but it is not a problem, hold your alts hard and dont panic.

[trecore4]

Bitcoin and altcoin are on a downward trend as the moment, there is  No FUD or negative news at the moment yet everything is going down. What could be the cause of this?

Im thinking about someone is dumping the coins like crazy.  

We know very well there are more than sufficient whales in this market and they are free to leave the crypto or sell of their money at anytime they want.

Unfortunately this year and month could have been the agenda of these people and they are trying to get most out of the crypto after they are seeing that market isn't moving upwards more than this.

- Just a thought!

[sangkler11]

probably because of this news https://cointelegraph.com/news/cryptocurrency-does-not-threaten-financial-stability-says-german-government

and The Coinrail was hacked in June 10th 2018, led to the theft of more than $40 million in cryptocurrency. Although not one of the more prominent exchange platforms, the Coinrail hack is yet another reminder of the tenuous nature of the emerging digital currency landscape.

[WalkerIVIV]

Bitcoin and altcoin are on a downward trend as the moment, there is  No FUD or negative news at the moment yet everything is going down. What could be the cause of this?

I believe all of this caused by the manipulators were selling a big stash and then they could buy for another cheap price. A lot of people are beliving if this can become the real reason behind all of this dump.
It doesn't make sense to see some people are saying that coinrail hacked case was giving an impact to the whole of market.

[deep4u]

probably because of this news https://cointelegraph.com/news/cryptocurrency-does-not-threaten-financial-stability-says-german-government

and The Coinrail was hacked in June 10th 2018, led to the theft of more than $40 million in cryptocurrency. Although not one of the more prominent exchange platforms, the Coinrail hack is yet another reminder of the tenuous nature of the emerging digital currency landscape.

I think all these news posted on news portal are to create a panic wave into investors to sell their coins at cheap price.  This big Wales always try to panic people and make millions of dollars in this situation.

[ZandC]

there are selling the massive coin and all sellers listing coins with drowning price or just a strategy from traders for back buying a coin with lower then it a coin will pump again. dump and pump part from a strategy

[roshanfious]

I joined crytocurrency and alts coin as well in a long time. It's very normal so far. Depend on the news, money source then panic sale will down the market. But you look yourself as holder and take it easy, think about it simple. Buy and sale right time. That my suggestion!

[IMAR]

It's just shows that supply is higher than demand. Many people are selling their token maybe in preparation for the upcoming Eid Holiday. Their many muslim brothers involve in cryptocurrency and the coming week will be the spending time of our friends. This is like Christmas to them. I'm sure that solid projects will again rise soon. We just have to be positive on it.

[Ayuluv2001]

I read somewhere that the traders are trying for 5900 USD.

If the sellers unite and do not sell, they have no chance to be lowered. I can say right now its either more supply compared to demand, or it is the buyers market.

I will hold if i were them

[Silverhand]

The first is the attack by hackers, causing market turmoil. Some traders sell their tokens. Many other traders are afraid of the market crash and follow these traders to start selling tokens!

[tyuner4]

There were some fuds spreading around for the past few days which causes Bitcoin price to dip again and altcoins got affected too. Nevertheless, this period will be over and let’s hope for the best when World Cup start.

[beleyeleazar]

Bitcoin and altcoin are on a downward trend as the moment, there is  No FUD or negative news at the moment yet everything is going down. What could be the cause of this?

There are no definite reasons for this yet except for the Korean news which could have been the possible source except that the decrease in the market of cryptocurrency has been eminent for quite sometime now. This means there are some other hands at play than the news.