ALTCOINS going red!

[thiemthang]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

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[fourpiece]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

As what expected by many when bitcoin price goes down altcoin will suffer and follow bitcoin. Even i lost some of my profit when bear market started.

[iqlimasyadiqa]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

this is indeed a bad condition because currently the price of bitcoin has decreased and the price of altcoin has also decreased. this is indeed a bad condition, but that I remain optimistic that conditions will improve again. the decline that happened was like what happened a few months ago, don't panic and never be scared !!! panic will only make the market worse. calm down and think that digital currency is the future for all of us. all of us will always face conditions like this, all because very fast movements are a characteristic of digital currencies that cannot be avoided.

[cfif123]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

As what expected by many when bitcoin price goes down altcoin will suffer and follow bitcoin. Even i lost some of my profit when bear market started.

correct. because the movement of the altcoin depends on bitcoin, so the increase and decrease in bitcoin has a big effect on the altcoin

[lllaqpt]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

The entire market in the fall and after this night of the loss increased by a considerable amount. And the current dependence of alts from bitcoin makes this situation even more difficult and does not give development and growth of alts.

[nebiki]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

The entire market in the fall and after this night of the loss increased by a considerable amount. And the current dependence of alts from bitcoin makes this situation even more difficult and does not give development and growth of alts.

because the altcoin is the benchmark price of bitcoin, if the price of bitcoin rises and falls then the altcoin will also experience increases and decreases like bitcoin. so altcoin depends on bitcoin

[loicuagio1979]

It is not yet clear whether altcoins are made worse by Bitcoin and altcoins in many cases may be associated with certain bitcoin price fluctuation. I used to find the connection such as:
1. Bitcoin price rises and altcoins fall because traders sell altcoins in order to buy btc
2. Bitcoin price falls and altcoins fall because traders want to withdraw money and they sell all of their porfolio
3. Btc price keeps stable and altcoins may rise, fall or even stable too.

From above examples, I think that it's too complicated to explain and there's no correct explanation at all. It's normally to explain that we are living in the bear market. That's all

[btcmegastar]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

As what expected by many when bitcoin price goes down altcoin will suffer and follow bitcoin. Even i lost some of my profit when bear market started.

We know that's why many people will suggest us to hold the coins until the market starts recovering because we don't exactly when the market starts recovering and when it falls. So we have to face everything when we are part of trading.

[Bobbykid]

yeah, i was think about it few days back, etf thingy is fishy though
and many people talk about bulltrap market

[skovbitcoin]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

Did you just notice this? Loss of 10% is still a trifle. For example, I have lost 80% in the last half year. I'm very sorry that in the winter I did not withdraw money to Fiat

[Bobbykid]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

As what expected by many when bitcoin price goes down altcoin will suffer and follow bitcoin. Even i lost some of my profit when bear market started.

We know that's why many people will suggest us to hold the coins until the market starts recovering because we don't exactly when the market starts recovering and when it falls. So we have to face everything when we are part of trading.

i heard the ETF will be moved to 30 sept, so for some times market will dropping and going up again when we are
near september  
they are buying the dip

[Bobbykid]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

As what expected by many when bitcoin price goes down altcoin will suffer and follow bitcoin. Even i lost some of my profit when bear market started.

yeah, doing cutloss is not a good try tho
so buying more is the best option, because the market will recover soon or later

[Mariahuhu]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

Because BTC is going down. Just be patient was once BTC dominance reduce it's percentage Altcoins will go green and will pump so hard and I am sure of it. Only thing we need to do is to wait.

[morgan4140]

What's going on guys? is it over? against the background of one news and postponing the consideration of the issue of ETF decided to bring down the cryptocurrency market?

[smt_red]

Altcoin depends on bitcoin 99%

[ShitTL]

At present altcoin has many types of coin, which is typical to mention is ethereum, litecoin. These ripples are potential coin and coin are bitcoin versions of blockchain technology.

[BitcoinHodler]

your "wallet" would have lost that 10% sooner or later if you have altcoins in it because they are going down one way or another. bitcoin's drops only speeds up the process of altcoins getting dumped and going down, it is not the reason for it.

[Idrisu]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

I am really surprised open the chart this morning and see all the coins in red.  I did not know what really happened and I am trying to find out what happened. My major concern now is how far this can go and my question is, is bitcoin heading towards $3,000?

[thiemthang]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

You're lucky to have 10% loss than mine 40% already, but keep laughing since I know the market will bounce back. 2 days left the faith of Bitcoin ETF will be judge. Hopefully this time the 2nd submission will be accepted unlike the winklevoss submission. Not all alts are in bloody red some are stable and only down by 2 to 3 % which I assumed only because BTC is going down. It will all depend on August 10 decision. Either we keep this bear market situation continuously or surpass this as bull market approaches once Bitcoin ETF gets approved.

Thank you for giving me this precious information .. I will wait for the good news on August 10. The July and August markets are strange and different from the previous market. I agree altcoin depends on BTC. But in July and August when the BTC grew at the end of July, early August, the altcoin index almost rose. But when the BTC fell, altcoin fell sharply. The market has no consensus between BTC and altcoin. Here I'm saying altcoin the top 50 on the coinmarketcap

I am really surprised open the chart this morning and see all the coins in red.  I did not know what really happened and I am trying to find out what happened. My major concern now is how far this can go and my question is, is bitcoin heading towards $3,000?

I'm also worried about that happening with BTC. If it happens then it's a disaster for me

[jets567]

well it's not really a surprise for me, not only ALTS is going red BTC is going deep to. Actually i am expecting it to go down till 3000 USD also but I am not that sure since it's just a prediction of most experts too. But hopefully after this month it will be rebounding soon.

[vooov]

I have the same experience as you. In this rapid decline, all my coins have lost more than 10%! And I have not seen any signs that the market may rebound!

[concons31]

Bitcoin is always the determinant.When bitcoin falls, it will fall in unproblematic subcoins.But this should not frighten us. The bull market is very close.I expect great resources for October.

[hewbrowden]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

By the way yesterday Ethereum sharply grew up and an hour later fell even lower than before. I think that ordinary people do not know exactly what is causing it, maybe it is some sort of manipulation for Bitcoin growth, although I'm more likely to believe it is because of people who make short-term investments.

[hidden_legend]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

Whole cryptocurrency market depends upon speculations and there is no technical, fundamental or another analysis for prediction yet.Scams, negative approach of some big business houses and financial institution putting every investor in pressure and huge sell off in market.Still need awareness about this technology globally for boom.Hope for best.

[kryptqnick]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

As what expected by many when bitcoin price goes down altcoin will suffer and follow bitcoin. Even i lost some of my profit when bear market started.

correct. because the movement of the altcoin depends on bitcoin, so the increase and decrease in bitcoin has a big effect on the altcoin

It doesn't normally depend on bitcoin. I believe that a very important factor here is btc dominance on the market. In general, every year btc dominance decreases, which means that people invest in altcoins more and more. When bitcoin is facing troubles, however, its dominance increases drastically, because people stop trusting alts and put everything in the king during hard times. Current 48% dominance is extremely high, so yeah, alts are falling down because btc is. The reason is most likely the announcement about postponing decision on CBOE's request to approve ETF:https://www.bloomberg.com/news/articles/2018-08-07/sec-postpones-decision-on-vaneck-bitcoin-etf-to-september. As usual, not a big deal, but goddamn newbies go panic selling once again.

[ShamoKe]

The rate of decline this time is very fast. If there is no big whale/shark action or good news, then I think the price of Bitcoin may fall below $6100!

[haryatiposton01]

I have lost 85% of my money, the market is very unstable, this makes me very uncomfortable, very tiring, when will the market return to Normal? everyone asks when the market will return to normal, everyone feels lost, I have no solution, I can only hold back and be patient from this situation.

[bekkioPEK]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

this is the magical world of cryptocurrencies, you can lose 10% in one night, you can lose 50% in a few weeks but at the same time, you can earn 20% in one night and 50% in one week.

[CrazeCoinz]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

It's normal to a bearish market that the price will go down and getting 10% down for 1 night is not bad at all. Better buy only those quality coins can can easily bounce back after the correction. Ethereum is a good example that can bounce back after this correction.

[plpatel]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

It looks like market has turned again bearish, not only altcoins are bleeding even BTC is coming down again.
Hope to see all these reverses in couple of month and we are back riding bull again.

[muid03]

may be your wallet Will be dropped till 90%... crypto world can be happen for that

[ukloon]

10% in one night is fairly normal in a bear market, it can be a lot worse and usually is! Based on the last few months many or most have lost at least 50% of their portfolio, it's just too sad now to look at blockfolio now so stop looking or uninstall it

[Open4lies]

What the main reason for the depreciation of the altcoins as well as the overall market falls under Coindesk is due to the impact of the SEC. The negative news from the SEC about the delay in the Bitcoin ETF has led investors to lose confidence in the market and panic selling has made the exchange rate fall dramatically.

[FastSlots]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

Because bitcoin prices are constantly dropping, A downturn has no stops. When prices continue to fall BTC. Investors are not calm enough to hold the altcoin. So altcoin prices also fall under the USD and BTC rates

[Hamphser]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

No one can definitely give you out the precise answer which had been asked for a thousand times when a bearish market can be seen. If we do look at on the cap, all are on reds and we are again on a bloody market and having a $223 B total cap as of this writing and if this would continue to drop. We might not see a bull run on this year probably but well this is just my own insight. For now the only thing we can do is to speculate and at the same time if you can able to risk up some money then its better to shopping cheaper good coins.

[wgd]

I am also devastated by my loss on alts. Will someone describe SEC status to ethereum and ethereum tokens in several words? Is everything already been said here?  

[max1616]

Right, the decline that started yesterday was very effective..Almost all of the market experienced a depreciation of up to 20%..Altcoins were already in a downtrend..When the last days Bitcoin started to fall, the subcoins were much more influenced by it.

[4x4et]

I am also devastated by my loss on alts. Will someone describe SEC status to ethereum and ethereum tokens in several words? Is everything already been said here?  

SEC status will be decided on 30th of September.

Nothing to do with that, this is just whales playing.

[fia_naila]

It is because bitcoin and ethereum are going red. Almost all of altcoin base on bitcoin and ethereum. Especially token which stand on top of ethereum network. When ethereum does not exist 4 years ago.. people using bitcoin for an ico and coin which using btc for ico going red because of bitcoin down market. We are needing to hodl hard to face this situation. Closed all your portofolio apps and get a live.

[Primal6666]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

The current position of the market, in my opinion, is a direct consequence of last year's rapid take-off. The market grew too fast and high, and too many people lost their investments. Speaking of your question, yes, this is a preparation for take-off, in other words, any negative state of the market can be called a preparation for take-off, since takeoff will surely be, but it is unlikely that someone will tell you exactly when.

[carriebee]

When bitcoin down altcoins will also suffering. Usually the cycle of crypto just up and down. Altcoins will going in green again so I believe it will going to rise.

[Burmik123]

10% is really not so much. A lot of Altcoins lost more that 20-30% today. Nobody wants to buy altcoins now, but a lot of people want to sell them and to be in BTC of fiat.
As for me, after this year I lost faith in altcoin market. I think that a lot of Altcoins will die by the end of 2018. This is sad, but true. I will never buy an altcoin below top-20 of CMC. Crypto market become more mature.

[4x4et]

People who think that they will always be in plus, please leave crypto market. You know nothing and you deserve nothing.

Bitcoin was meant for IT, programmers and similar kind of men, not for people who dream to get rich over night.

You are the cancer of crypto world, just leave.

[winterland]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

Everyone is losing money and the reason for the decrease in the price is simple we were supposed to get a decision about the bitcoin ETF and that decision was postponed yesterday so peculators are getting out of the market and will get in once again when we are close to the decision, but please you need to stop being so sensitive about the movements of the market, these kind of movements are natural in this market.

[dark1234]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

Everyone is losing money and the reason for the decrease in the price is simple we were supposed to get a decision about the bitcoin ETF and that decision was postponed yesterday so peculators are getting out of the market and will get in once again when we are close to the decision, but please you need to stop being so sensitive about the movements of the market, these kind of movements are natural in this market.

think positively and this has become a trend in bitcoin if you think negatively then you will sell it with fear that is still uncertain and if the price changes again then you will get disappointment

[Question123]

Altcoins is depends to the bitcoin and if the bitcoin down price of the most altcoins in cryptocurrency will decrease also. Losing 10 perfent is a littel only and you can recover that lost within this month if you hold your coins.

[whiteblue]

It's normal .. if btc decreased altcoin usually follow decreased but why this happen .. if you see news today and yesterday more negative news hitted bitcoin like delay etf and etc ..

[cryptofirm]

When bitcoin down altcoins will also suffering. Usually the cycle of crypto just up and down. Altcoins will going in green again so I believe it will going to rise.

thats right, most of altcoins will go down when bitcoin down too,, this if we talk about USD terms
but few crypto will rise the value in bitcoin terms, when bitcoin price was down
so, in this situations we should know how to choose the best altcoins to increase our bitcoin amount

[Hamstead]

When bitcoin down altcoins will also suffering. Usually the cycle of crypto just up and down. Altcoins will going in green again so I believe it will going to rise.

thats right, most of altcoins will go down when bitcoin down too,, this if we talk about USD terms
but few crypto will rise the value in bitcoin terms, when bitcoin price was down
so, in this situations we should know how to choose the best altcoins to increase our bitcoin amount

It is really sad story for crypto,  we not even reach $10k again since from January. The situation is really hard to understand the main reason reason behind,  even expert can't exactly point it out when it goes back into green again.  We all expecting bull runs in the 3rd quarter until December but it shows less chances to happen again. 

[Maxre]

I personally will never be tired of saying that I stay calm in alt coin conditions like this.
because bitcoin is currently down, alt coin also has a big impact on bitcoin.

[pageraji]

i bought some etc at night before price goes down, almost my profit trading for two weeks just gone in one night,, i think its because pending news from SEC about ETF until september..

[CafeCoinICO]

Hey thiemthang,

Due to the extreme volatility of the cryptocurrency markets losing or gaining 10% in one day is not unheard of. Bitcoin rises and falls often correspond to increases and decreases in Altcoin prices. At the end of the day the best advice is to do what you think is best.

Best,
CafeCoin
https://cafe-coin.com/

[tenebriscaelum]

The market is already like this for months now and still many people are panicking in every small dip that is happening in the market, and by now all of you should now how volatile the market is that is why even small gain is important and if you would want to have huge gains in the tokens that you have then you should be patient as making a rant will not make the market go up.

[4x4et]

The market is already like this for months now and still many people are panicking in every small dip that is happening in the market, and by now all of you should now how volatile the market is that is why even small gain is important and if you would want to have huge gains in the tokens that you have then you should be patient as making a rant will not make the market go up.

They want to get rich quickly, its a good thing they will leave one by one. Crypto is not meant for greedy people.

[JNR]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

and now, maybe you lost more than 10% ,,
because at this moment btc dominate about 54% from the market cap and this mean most of altcoins holder move their alt to bitcoin and make the price of altcoins down deeper

[AgatioX]

Every day, I get more and more frustrated. The entire market is completely red for a long time, all the Crypto currency is falling and falling. When will there be growth?

[mdzahed134]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

Randomly price are decreased i think still Bitcoin price are good stable from alts coin.Altcoins holder lost huge but now at this moment i decided to keep hold for few months.I have no good option to without holding.You can believe that price must be recover after a couple of months i guess last of this year.       

[Mariahuhu]

Every day, I get more and more frustrated. The entire market is completely red for a long time, all the Crypto currency is falling and falling. When will there be growth?

Yes bearish market is so very long time for now a lot experts says bull run will start last june like what happen last year but it didn't happen so in short no onr can predict the market so get a better plan as much as possible and be patient. Goodluck.

[JCLee]

Not only altcoins, Bitcoin and all other tokens are also in the same situation right now. You should know that the main reason for this situation because of bad news and the whales are trying to lure investors and traders into their traps. You shouldn't check your balance everyday cause it can make you become a panic seller .

[jvdp]

Not only altcoins, Bitcoin and all other tokens are also in the same situation right now. You should know that the main reason for this situation because of bad news and the whales are trying to lure investors and traders into their traps. You shouldn't check your balance everyday cause it can make you become a panic seller .

Does anyone know the reason for this dump, actually expected this dump in the market and it is there now. Hence we will be able to see the bitcoin and altcoins price to be reached 10k USD in this August 25th again buddy.
I do not know still what is defining the price value of the every cryptocurrencies so I am saying this speculation by checking the previous year value in the market mate. If that rally is happening we will find the expected bump also in the market.

[GalaxyWorld]

Now the entire black coin drops extremely fast so they are extremely low now the market is having difficulty so that is a good time to buy and patience hold late this year will increase and that we will get very high profits

[bitekoin]

Altcoins may be going red, but most of you could be sleeping easy if you basically checked two things.
One is a project with a good team that is dedicated and competent to implement the promised ideas. Two is a coin with an innovative purpose and a promising future. With those two, you can definitely be positive that what you have there is a good coin to invest in.
With that, go check out the coin that is in my Eterbase.

[adoress]

Now the entire black coin drops extremely fast so they are extremely low now the market is having difficulty so that is a good time to buy and patience hold late this year will increase and that we will get very high profits

Or they may never recover. The market of money from the air could not grow forever.

[consideritdone]

Prevalently red https://www.coingecko.com/en

[nsasuiteb]

They all crashed to near zero, those who worth thousand of dollars now worth below $100. I think it is bubble of altcoins bursting.

[spastikss]

Unfortunately, since the crypto world depends on the price of the bitcoin, the price of the altcoins falls when the price of bitcoin falls. By the way my loss is bigger than yours.

[gayletot]

everything is now going red. no coins are left straight down. so it is more fun to hold just now just in the heights of the market.

[bennypagulayan]

At present all the coins are a red market is extremely bad and may be the price of coins continue to fall now is the opportunity for us to buy those coins on hold for a long time. Maybe the end of this year cut the penny will increase sharply and then you can hit the profit-taking

[131tc01n]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

this is indeed a bad condition because currently the price of bitcoin has decreased and the price of altcoin has also decreased. this is indeed a bad condition, but that I remain optimistic that conditions will improve again. the decline that happened was like what happened a few months ago, don't panic and never be scared !!! panic will only make the market worse. calm down and think that digital currency is the future for all of us. all of us will always face conditions like this, all because very fast movements are a characteristic of digital currencies that cannot be avoided.

I don't know why they always say the red market and they are worried, they should be aware of the risks of what they do without having to ask questions.
I don't think it's time to reflect on the red market, but now it's time to buy as much as possible and take a vacation, wait until the market returns green, it's easy, isn't it

[budakjawa]

yes you are right for now the condition of altcoin prices is falling very sharply and the color is very red you can use a moment like this to be able to buy as much as you can.

[Jaycee99]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

FACT
-Same as the thing we buy and invest in real life it works this way in cryptocurrency as well.

1. When buy any meat, fruits, fish and other things that the prices change.
2. It works with supply and demand which affects the changes.
3. We all to this the same time
-We guys hold.
-We buy.
-We sell.
-We trade.

[tooklau]

The coins I hold are also seriously hurt, and I am as confused as you. I have been looking for news about today's market changes, but I have not found any news!

[rocku12345]

You have got to look at Btc for situation,because right now is a decisive moment for Btc destiny. If it will hold at 6000 then in few weeks it can hit 10000 mark,but if it will break down bellow 6000 then welcome back 2016 and even 500 mark. I think all alts will die if second case will become real.

[usekevin]

Yes.Whenever the price of bitcoin is reduced,it will impact the price of altcoin too.This is the major cause of altcoin going red .But you have to keep in mind,the fluctuations in the price of both bitcoin and altcoin is common.And I would like to know,in which coin you had invested your money.If the choosen altcoin is potential altcoin,you will get some profits in short period.

[w33man]

Can anyone explain to me why altcoin is a drastic reduction? Is this the engine to prepare for the btc $ 9k threshold? My wallet lost 10% after 1 night

Some people lost almost 70% of their monry due to the bear market. Whenever bitcoin price decreases, altcoin price is also affected. The bear market really decreased the demand on crypto and we are still not sure when will end.

[Kat_messy]

Altoins just follow bitcoin price drop and fall down due to investors panicking. If investors would change their mind, it would be quick after bitoin gets back up again, all altoins would rise in days.