Altcoins prices are bleeding heavily

[Kang TB]

Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coins

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

[dataispower]

I was astonished to see the massive dip because there wasn't really a strong FUD to initiate it. It took most of us unawares. The best strategy to apply now is holding the coins on your portfolio and accumulating more at intervals as they dip further. It won't take long before the market will experience an uptrend in my opinion. I am presently holding BTC, ETH, XLM, BCH, BNB which dipped with great margin but this doesn't call for panic selling. The more people panic sell, the more the dip continues.

[Finestream]

This isn't so bad, I think it's just a dip that gives us an opportunity to buy.
One big dump for a day can really cause panic to people who are weak, but if they are here when BTC struggles at $3k, they would not easily get affected with this dump. ETH has recently recovered a bit pumping to $200 but this dump cause it to dump back again, but let's just observed, it's just one day, let's not make a conclusion yet.

Remember we have great news this month particularly the Bakkt launch and this would give a chance to increase the future adoption, so even if the market will dump, expect it will recover again.

[sunsilk]

Don't forget that bitcoin also dropped that much however it has recovered few hundreds right now. I think they are now connected again, as bitcoin falls, alts fall and now I think when bitcoin goes up alts will do the same.

do you think this down market will continues and welcome back to the bears in crypto market again ?

Possible but not everything that goes down will continue to plunge, it has to rise afterwards.

or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

Likely what's on my mind.

[rodel caling]

Sounds not good to heard, I think altcoins price bleeding is effect of bitcoin price drops in the market cap, hoping is only an minimal correction before the price goes uprise again, and also I expect before end of the year bitcoin and altcoins become stable coins. Do not panic be calm.

[pealr12]

Ethereum is the biggest losser this week from 220$ down to 169$.  I thought the sudden spike of ethereum price last week is the start of ethereum bull run but its all a fake pump.

[TimeTeller]

This isn't so bad, I think it's just a dip that gives us an opportunity to buy.
One big dump for a day can really cause panic to people who are weak, but if they are here when BTC struggles at $3k, they would not easily get affected with this dump. ETH has recently recovered a bit pumping to $200 but this dump cause it to dump back again, but let's just observed, it's just one day, let's not make a conclusion yet.

Remember we have great news this month particularly the Bakkt launch and this would give a chance to increase the future adoption, so even if the market will dump, expect it will recover again.

We know they are weak hands if they are bothered by this situation.
How many times we have had this up and down movement?
And if bitcoin is decreasing, normally, the price of alts follows.
So this kind of scenario is actually not new at all. We have been there countless times already.
So for other crypto users, this is a good opportunity to diversify and take advantage of the situation.

[Kemarit]

Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coins

The whole market is down due to bitcoin hash rate flash crash.

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

As far as altcoin goes, it has been in a long bearish trend so nothing is new. We have to look at how Bitcoin does in the next couple of days because if it continue to go on a downward spiral, the whole altcoins will be impacted negatively. So let's see, we can't really see what the future holds, you just have to remain calm and adjust on every market situations.

[PLATO]

I was astonished to see the massive dip because there wasn't really a strong FUD to initiate it. It took most of us unawares. The best strategy to apply now is holding the coins on your portfolio and accumulating more at intervals as they dip further. It won't take long before the market will experience an uptrend in my opinion. I am presently holding BTC, ETH, XLM, BCH, BNB which dipped with great margin but this doesn't call for panic selling. The more people panic sell, the more the dip continues.

Now we cannot trust any coin because today Bitcoin has a huge decline in just a few hours. I am very surprised at the value of this coin today but I can only wait because all the coins are now very cheap and completely within the price to invest. This market offers opportunities for everyone but can also take away all the money you have earned so be careful.

[Reatim]

Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coins

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

Compared to bitcoin with 10% Fall isn’t that I still more than those 35% of altcoins?imagine how huge the price of bitcoin with $8-10k price when altcoins only hundred bucks below/under ?

So it’s not just the alts are bleeding but the whole market instead mate

[shinratensei_]

The down of the market depends on the bitcoin because of this time the bearish trend caused by bitcoin. I will not blame altcoin because bitcoin BAKKT is the main reason why we are facing another huge downtrend again.
Until bitcoin will be recovering again and we will never see any recovery for altcoin again. But some altcoins will remain in the same position even bitcoin gets bleeding.
This time the credibility of altcoin is revealed. Ony a good project will against the bitcoin bear trend.

[Flor1982]

Damn,the price of bitcoin hits $8500 which is the only reason for the every altcoin bleeding in the last 24 hours.I never thought that we will reach this much down again but its happening.Maybe a bear trap so don't sell too early and wait for the price movement in the next 24 hours to decide you stats.

This shows of how important is the performance of Bitcoin market is as it always creating domino effect to the Altcoins because last week i thought that Altcoins are now independent with Bitcoin as i see them slowly dominating over Bitcoin but now it is clearly that it was just temporary and it was also clear that bearish market is still in effect.

[Google+]

if you look at the condition of altcoin prices which are currently bleeding really this can be a very good moment to buy altcoin as much as you can because altcoin prices are currently falling and becoming very cheap, take advantage of many panic traders, smart traders will definitely buy when prices fall and will sell at high prices.

[pieppiep]

Bitcoin still dominates the market, and no matter how good the altcoin moves, when the king moves, the altcoin will always obey and follow the king steps. We see the bear market once again and with the down of the bitcoin price, it seems we need to wait longer than we can expect. But we don't have to lose hope of bitcoin and altcoin because I am sure that this is only temporary and the market will turn to the higher price again.

We could hope that this is only happening for this week, so in the next week, the market will start to rise again, and that will trigger bitcoin or altcoin to increase higher. If the situations are supported, then I think that could happen in the next week which we will see a new month in the next week. We could wait for a while and still buying the potential altcoin if we want.

[slaman29]

I was online for the crash. Very late my time and I should have been asleep but watching football kept me up on my phone. That was a steep, steep drop but it was 100% caused by Bitcoin, nothing else.

So this is sort of bad news for anyone who still thinks alts have broken away from dependence on Bitcoin. We are still a long way away from that!

[BitcoinHunt3r]

I think this altcoin movement follow what bitcoin did. Usually people get panic and sell their assets too. But this is only my personal opinion. Because if i have assets that i can sell, maybe i will sell my alts into bitcoin, and then bitcoin into fiat. And then hold my fiat until get good price to buy. Maybe if a lot of people did this, that can cause price dumped very hard.

[Red-Apple]

are? the correct tense is "have been" because this is an ongoing thing that started 2 years ago and has not stopped yet. basically every couple of weeks we see at least a 10% drop in most of the biggest altcoins such as ETH, XRP,... that either slowly go down or have a dump and drop that much. and that is only on normal weeks. on weeks like this that bitcoin is either moving up or down they go wilder and have bigger drops.

[Kang TB]

Damn,the price of bitcoin hits $8500 which is the only reason for the every altcoin bleeding in the last 24 hours.I never thought that we will reach this much down again but its happening.Maybe a bear trap so don't sell too early and wait for the price movement in the next 24 hours to decide you stats.

so in your opinion this is only a preparations from the bull, and in the near time market will growing hard ?
just like the second questions in my post above my friend 

[watergold]

I was very surprised when I opened CoinMarketCap, all coins suddenly experienced a sharp decline and were above 10% on average for altcoin, I don't know what else is the bad news so that the price reduction occurs quickly

[xvids]

Not just the alt-coinbut the crypto market is bleeding we have experiencing a red market once again,
Who knows maybe it would bounce hard after this drop (Just wishful thinking).
But I think if this would bounce back then it is better to grab some now before it is too late.