ALTCOINS going red!

[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.