Altcoins dropping like crazy

[galinskiydmitriy]

I think that this was due to the hacking of large crypto-exchange. Investors having seen such news panicked and began to sell their crypto currency in order to reduce their risks.

[unpack]

It's so bad that altcoins are dependent on Bitcoin, that means none of these coins are free. I hope that it's over now with dropping and we will go until Tuesday up.

[FAT_32]

Then take it easy, remember that we are still on a bear market and this kind of dumps is more than predictable, you do not need to be a genius to know that. Better to stick to it, i think that we all know that on a bear market, everything goes down

[BagzMM]

Is there a particularly reason why all Coins are dropping simultaneously this week? If you look at the charts you will see a pattern

If market is not in good state, lets buy coins for it is in lower price. It is just stabilizing it will back next month. Never stop believing!

[Psynthax]

I think that this was due to the hacking of large crypto-exchange. Investors having seen such news panicked and began to sell their crypto currency in order to reduce their risks.

Hey dude, that has passed a few months ago and even the majority of the hacked case right now don't give a huge impact to the price of bitcoin and all of altcoins. You should try to identified the real reason behind that. in fact that you can try to see how good the market is. More stable and it has been gaining more support.

[michellee]

from the first month in this year, altcoin is dropping significantly and reach the lowest price but now, altcoin is trying to increase back after the deep down. and I think for the rest of this year, we can see that the altcoin can increase higher again and besides that, bitcoin show a good sign to increase back and we are now at $7633 according to bittrex market. and if the situations are like this, then we can see the price will increase higher because there will be many people that want to invest their money in cryptocurrency, especially for the new people.

[ZeusTrade]

YES BUT THAT PATTERN IS STILL FORESEEABLE SINCE THE HISTORY WAS ALWAYS AN INSISTENT FALL AND BEING SO THEY ALL TAKE THE BTC AS REFERENCE OF VALUE AND PLACE ALMOST ALL COINS AT THE SAME RATE AS THE RECOVERY WAS GIVEN AT THE END OF THE YEAR OF EVERY YEAR THE RECOVERY HAS

[eekkaa]

yes it's because of the effect of bitcoin prices that used to decrease in price and there is bad news of cryptocurrency so much that panic and make them sell at cheap price and finally altcoin also fall but now the price of cryptocurrency has started to go up again.

[realknow]

indeed sometimes the increase in bitcoin effect on the coin under it can have a positive and negative impact it all depends on the development of the crypto market.

[latchookart]

usually the price of the altcoins are linked to the price of the bitcoin because at the end most people change from altcoin to bitcoin or ethereum and then to fiat or hodl, but these weeks the bitcoin is going up so we can expect a rise of the altcoins too, yesterday the marketcap were pretty good, recovering little by little, if btc arrives tomorrow at 8000$ would be great news to start the day off

[putrii]

yes you are right a few months ago altcoin prices have decreased in price because there is bad news and because bitcoin prices fall so many altcoin that fall in price. with the fall of altcoin prices at cheap prices you can avail by buying them for profit because the price is still very cheap.

[sadiem]

With the declining value of Bitcoin makes a lot of people are increasingly reluctant to return to the market. And some people have leveraged this condition to perform a number of purchases of coins. They bought the coins when prices are very low and they believe that one day the market will surely recover. And in the time to wait until current Bitcoin already indicates that it will soon recover and the market will come back to life.

[OnnoTunes]

Is there a particularly reason why all Coins are dropping simultaneously this week? If you look at the charts you will see a pattern

Nothing seems special for this decline. Bitcoin's movement can be belamed since they are all dependent to Bitcoin price.

[FUD Expert]

I know that it is the worst feeling ever when your altcoins are one of them. It is really hard to accept but I've seen gem coins that are also dropping like crazy so it changed my mood a bit. I acted smart and bought them to balance my losses in cases everything recovers again.

[MorenoBry]

Not only altcoins are falling in price, the main coins, too, because the market is proportional, if the market falls, then everything becomes cheaper. A hard truth to live with.

[Eugenar]

Is there a particularly reason why all Coins are dropping simultaneously this week? If you look at the charts you will see a pattern

Actually, it is not only altcoins which market value are falling but most of the cryptos in the market. The downfall hav3 started at the beginning of this yeap up until the present. There's no certain reason behind this situation but one thing is for sure, holding is the right thing to do to avoid regret once increase happen.

[goodday886]

the government has some policies to limit bitcoin. some investors stopped investing in bitcoin. so the price of bitcoin fell. the market is affected by the decline in Bitcoin, and altcoin is also falling. this is a chain reaction

[Jonking]

price of altcoins is depend when some people bought a lot of it and the orice will likely drop down when some one dump their coins,, its not easy to predict what will happen to the price of coins, we know that there are " whales" out there