why are altcoin dumping hard at the moment

[limmousine]

crypto market is very sensitive and anything can make it fall. it will be a waste of time if we focus too much on this issue, it's better to think how we can fold assets in situations like this.

[Piskeante]

because it's already been probed that Bitfinex and other 3 exchanges used manipulation to increase the price of BTC to 20.000$ last year. Those who got to know that info begun to sell quickly. Probably, even those exchanges sold their coins to others.

The market has been destroyed.

You've been warned. DO NOT INVEST MORE MONEY.

[siena23]

I think the trend is dropping, because June-July last year coin prices also drop, I slightly less understand the cause of the rise and fall of coin prices, maybe at a time like this is right to buy as much coin as possible and we hold the next few months, I'm sure definitely get a good profit.

[dogtana]

There was news in US that some agency required data about suspicious transacions on exchanges. So people with less than clean records sold out, followed by weak hands.

[Xianrenbanban]

Today's decline does not seem to have any reason. I have browsed the website and have not found any negative news. In the past, many negative news has always been accompanied by a drop in the market, but today there is no negative news and the market is still falling. 

[krauzzer02]

South Korean exchange hack coinrail happened last days but the price continues to decline today plus the volume is not that dominant to make the prices crash like this, there is not definite bad news right now what the others suspect is the investigation ongoing from the market manipulation from the four major exchanges probably some manipulators who got scared from this regulation so they are drawing their funds from the exchanges result? FUD's and some panic selling.

[Dondont]

looks more like the effects of yesterday's news, and continues with news information from Coinrail about some alt that also got hacked. Fud like this usually will also last longer and can slip further down if there is no good news for BTC

[rayk]

I think bitcoin and altcoins dumping due to coinrail hack, there is no more important news now. There have been always dumps when exchanges were hacked.

[MisterLangley]

It's hard for me to explain what caused it, but I take the liberty to give an opinion about the causes of Bitcoin and altcoin experiencing a downward trend. One in my opinion is because the market today is more rigid on other big events, such as the football world cup that will last a few more days. When I think like this, there must be question, what is the connection of soccer world cup with Bitcoin?
I think there is a connection.
Hopefully my assumption is not wrong associated with declining prices of Bitcoin and altcoin.

[Virtuxq]

I think that the price of bitcoin and altcoins is too high. and now there is a price adjustment.

[seregeiImaneal]

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?

Not a long time ago avery movement to the bottom was connected with some sort of bad news that were really minor.
Now manipulators have zero imagination which event they should promote as a FUD So this is just manipulation remaining. Clear.

[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.

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.

yes this is like price manipulation, maybe this is one way from big players to make a profit by spreading a news that will significantly affect the bitcoin price.

[olubams]

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 think those time when prices drop, the real reason is not the FUD or the negative news but rather the reaction of market participants to those news and now that there is no identifiable news to support FUD hypothesis, the only thing constant in the two circumstances is the reaction of people I.e we that are the active participants, what are we doing in salvaging the current situation? Are we going to keep complaining and look for answers where there is none or in our own individual way do things to change the situation.

[dianikusuma]

There are some countries which showed a negative statement against crypto. Maybe it's a definite problem and still haven't been able to switch from it so as to make the hike a bit difficult. but for the long term course will be different due to the fact that many countries are starting to harnessing technology in crypto.

[TobiasVR]

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?

the cause must have a very big effect on the decrease of bitcoin, but maybe this will not happen in a long time so I think it is not too worrying for the decrease in the price of crypto.

[mutrang23]

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.

I do not think prices will fall back to $ 6000 at this time. The lowest price of bitcoin this year is 6200 dollars. Maybe this is the deliberate adjustment prices of the whales

[alarsincoin]

I read that it was late reaction for one of bad news. But I was not so great new to fall down crypto so much. So I don't know why it is happen really.

[cuteboy2016k]

Changing price of bitcoin affect for all altoins, so if the price of bitcoin increase other altcoin price will increase.currently market in corrections and all coins are price going down everyday, I think price of altcoins will go up to this year end, then price can change by next year, big investors will involved it,The price manipulation of bitcoin effect in all coins, more fud spreading around and it will change in price also.