Almost all the altcoins in red again!

[okala]

I just came back from work now and find out that all the altcoins are in red except few one.  I did not know what is really happening and I think traders are dumping for some reason. Is there any fundamental reason why altcoins is getting dump again?

[1713991497]

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[1713991497]

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[Awesomus Maximus]

Not all of them are in the red. From coinmarketcap's list of winners and losers, I can see a good number of altcoins have risen within the last 24 hours: https://coinmarketcap.com/gainers-losers/ If BTC continues to rise, many more will follow, I'm sure.

[cryptomining]

There may have been some decline in Muslim countries due to the feast. Now we're used to these little drops. I did not need a pretext.

[buihung6670]

It is nomal in this market, we need to calm down in this days.i believe altcoins will up rapidly

[xbossJ]

Reds and Greens are normal! I use to think otherwise though! But at some point people need to sell to take profit. I think reds are healthy! So are the greens, you don't expect to see greens always and reds too! Its just normal in this market.

[swissgang]

I don't know but after green, red will be stronger so altcoins will be at lower price but I think solid coins for examle oax will rise so much.

[edulord]

Yes, and I think think what is affecting the market is because of the negative news spreading around the coin. I believe if there is is a very good support for the coin and investors reduce the rate at which they panic sell, the price will rise and it will recover slowly.

[Faraha_JJJ]

Investors are kind of staying away from the Crypto due to sluggish market. Whales are dumping price, more ban from countries on crypto trading is putting the market under pressure. It will survive, holder will reap maximum benefits.

[cryptowse]

The attention is back on BTC, why would anyone trade altcoins when BTC dominance is rising. All the gains are being made with Bitcoin.

[patrickrn32]

we have seen -30 -40 -50% on single days.. i dont think we need a new thread when some coins make -5% in an bear market!
Better focus on 23. august.. if the ETF will be delayed, btc could break the big supportzone.. many stops are there... so prepare for a big down move

[kingzpro]

Im also feeling depressed due to unstoppable bears in alts, i wonder when we are gonna get those days back when each alt day was green and we were happy to see profit everyday, seems like there is no alt season around at the moment like we used to see in the past.

[pretfeestje]

I think you should stay away a little from the monitor, take a break for a week and come back when it has normalized a bit, at the moment there is a lot of speculation, a lot of FUD and manipulation, so do not expect the market to recover soon, you have to wait until the whales get tired of playing and then we can see how the prices recover.

[Zocadas]

Many cryptocurrencies may be in red, but only for day traders. Go back to last year and you will have these results on a few examples:

Crypto    08/20/2017         08/20/2018

BTC         4196,35$                     6476,75$
LTC             47,21 $                          56,57$
Doge         0,0017$                          0,008$
DGB             0,013$                          0,025$
Monero       54,85$                          98,65$

When we go back to January/February/March 2017, then we still have huge growths of nearly all well known cryptocurrencies f.e. Litecoin was worth 3 or 4$, Bitcoin was under 1000$, Ethereum under 50$.

[loskme]

And Bitcoin is green, that's absolutely insane how BTC takes the power from all the altcoins, it was never by this way and now I see this very often. I expected the return of the prices for this week.

[B.A.S.]

Many cryptocurrencies my be in red, but only for day traders. Go back to last year and you will have these results on a few examples:

Crypto    08/20/2017         08/20/2018

BTC         4196,35$                     6476,75$
LTC             47,21 $                          56,57$
Doge         0,0017$                          0,008$
DGB             0,013$                          0,025$
Monero       54,85$                          98,65$

When we go back to January/February/March 2017, then we still have huge growths of nearly all well known cryptocurrencies f.e. Litecoin was worth 3 or 4$, Bitcoin was under 1000$, Ethereum under 50$.

According to last year, we are in good shape. But most investors have made a timing error and they are damaging.

[batang_bitcoin]

Many cryptocurrencies my be in red, but only for day traders. Go back to last year and you will have these results on a few examples:

Crypto    08/20/2017         08/20/2018

BTC         4196,35$                     6476,75$
LTC             47,21 $                          56,57$
Doge         0,0017$                          0,008$
DGB             0,013$                          0,025$
Monero       54,85$                          98,65$

When we go back to January/February/March 2017, then we still have huge growths of nearly all well known cryptocurrencies f.e. Litecoin was worth 3 or 4$, Bitcoin was under 1000$, Ethereum under 50$.

Though you'll giving this proof to them that the market is still good as last year they will ignore you. They bought those coins that doesnt really have a potential to grow and they cant help themselves looking at the market.
They are pushing themselves harder by realizing that today is the only basis of reading the market.

[chip1994]

This is the general situation of the market at the moment. The price of altcoins is continuously in a red state, and the market continues to decline in capitalization. This has had a lot of negative news lately. It is hoped that by the end of 2018, the market will recover and increase in 2019.

[tomahawk9]

I just came back from work now and find out that all the altcoins are in red except few one.  I did not know what is really happening and I think traders are dumping for some reason. Is there any fundamental reason why altcoins is getting dump again?

You need to understand that we're currently in a bear market, prices tend to recover every once in a while, but they'll eventually go down again. That plus the fact that there's no buying pressure in the altcoin market (there hasn't been any buying pressure for a few months now), then ultimately you'll have this sea of red.

Just take advantage of the current situation and either buy some cheap coins right now, or wait a bit more to buy cheaper. If you don't want to buy anything, I'd recommend you to hodl your coins and don't look at the charts so often.

[DevelopmentBank]

I just came back from work now and find out that all the altcoins are in red except few one.  I did not know what is really happening and I think traders are dumping for some reason. Is there any fundamental reason why altcoins is getting dump again?

All the more reason to BUY!

Altcoins are in the shits right now because of the bitcoin ETF that was postponed. Everything was sold after the announcement. However, this could also be a good thing because this means that once the bitcoin ETF decision comes closer next Monnth (Sept. 30), we should see values to rise in expectation again. This would definitely be a good time to buy more.

[heppot]

Can bitcoin and altcoin go down continuously to dangerous points? it's all relative because it depends on the state of each type of coin each though
bitcoin or altcoin coins go down very deep, of course it can rise again, however the increase is still relatively dependent on market enthusiasts and market demand as well as the strength of the buyers of bitcoin, altcoin which fully determines if the price is too cheap then automatically the players of bitcoin altcoin trading try to buy the coin at a cheap time then sell it again when the price is high because that is the high price and then sell again so the price goes down again and again the price goes up and down again.