Altcoins prices are bleeding heavily

[Bitcoin Seller]

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.

I am not a specialist but I guess the Bakkt launch affected these "downs". This situation cannot last for a long time, and now,  the crypto winter might not come as it happened in 2018 (it is not yet time for it). It is sad to see that Ethereum we believe in is following Bitcoin now going down, but the patience will help here only. Probably, it is better now to take a break to understand the situation better.

[Kang TB]

No need to worry I think. It just a matter of time the market will explode. So the worst thing that you could do is selling your coins.

i believe the weak hands will sell their coins in this situations
but, maybe a smart traders will doing that too, if they predict the price will be down more my friend

[SlimShadyMmp]

Well Even BTC is joining up the massive bleed if you look closely I think is just market season for bleed now Though Bakkt will make some kinda impact but the way things turn up I think it shocks everyone

[Finestream]

Well Even BTC is joining up the massive bleed if you look closely I think is just market season for bleed now Though Bakkt will make some kinda impact but the way things turn up I think it shocks everyone

This isn't new to us, why should it shock everyone, believe me, this market will bounce back pretty hard and I think by buying now, this could give some advantage to us. It maybe bleeding for the past few days but I don't think there's enough reason for the market to bleed this long, I know one day it will also shock us, but the other way around because bitcoin together with the altcoins market will rise up strong.

We are looking for a great 4th quarter of the year, maybe this is a great preparation for us, a little down trend, then a massive uptrend in the full last quarter, what do think? I believe its possible.

[Deborah Christine]

It has been more than a month since the price of bitcoin has not experienced a very drastic increase.  And that greatly affects the price of altcoin. I prefer not to panic and sell my assets cheaply. I prefer to hold until everything gets better.

[Nivia1st]

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 ?

maybe there will be another decline soon. looking at the current situation, it is likely that altcoin will experience a bear market. so prepare yourself, maybe this lasts longer.

but that's the only thing I believe in, even though there will be a fall. but next year everything will definitely recover. You know halving bitcoin can affect the market and have a big impact later.

[xenomorphe1]

Altcoins are following bitcoin, that's why they are bleeding. If bitcoin continue to fall, altcoins are going to follow it as people and bots are trading them like bitcoin.
If bitcoin price is stable, altcoins have a chance to recover.

[elewton]

It has been more than a month since the price of bitcoin has not experienced a very drastic increase.  And that greatly affects the price of altcoin. I prefer not to panic and sell my assets cheaply. I prefer to hold until everything gets better.

Bitcoin investment needs a great deal of patience as the bear market is still happening and we can do nothing but wait. This market has been rising very high in the past few months but now everything is different and BTC has been continuously in huge declines. At the moment investors are really worried and if BTC cannot increase in the near future then everyone will trend to sell more and that's not good for crypto.

[Chrystora123]

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 ?

I don't think the market will be bullish hard in the near future...  This red market I think is a natural thing, why do I say reasonable??  because it has happened several times since last year..  in the near future we will definitely see the green market again but not the bull market, the green market that will occur is a reply for the red market that is happening right now.

[Duzter]

It has been more than a month since the price of bitcoin has not experienced a very drastic increase.  And that greatly affects the price of altcoin. I prefer not to panic and sell my assets cheaply. I prefer to hold until everything gets better.

The price hasn't grown big, but there is continued fluctuation above the range of $10000. Next thing the price of bitcoin fell low from the value close to $14000 reaching $10000. This wasn't much into discussion as the market didn't fell low to the $10000 barrier. This time falling low to $10000 is the major reason for such a big discussion.

[binhvo1505]

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 ?

This market will continue to dump because too many mining companies abandon bitcoin and cause its hashrate to drop dramatically by 40%.
This is considered to be the worst news ever and that has hit the whales, causing them to sell off bitcoin recently. If the hashrate does not recover, it will continue to fall and the altcoins will fall similarly

[iv4n]

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 ?

This market will continue to dump because too many mining companies abandon bitcoin and cause its hashrate to drop dramatically by 40%.
This is considered to be the worst news ever and that has hit the whales, causing them to sell off bitcoin recently. If the hashrate does not recover, it will continue to fall and the altcoins will fall similarly

Where did you see that information about miners abandoning bitcoin mining? And if they are really doing that, what will they mine next? Do you think they will throw away their mining equipment just like that? We had similar situations in the past, but after a while things go back where they were.
And it`s not that all alts are bleeding heavily, some are holding pretty good if you check cmc you will see that.

[Questat]

No need to worry I think. It just a matter of time the market will explode. So the worst thing that you could do is selling your coins.

i believe the weak hands will sell their coins in this situations
but, maybe a smart traders will doing that too, if they predict the price will be down more my friend

That would be a strategical way, they are smarter than of casual traders but doesn't mean that they know everything about the market. Its something they know a lot and they take action with some basis unlike to those casual traders as they make decisions base of what they think is good.

Altcoins drop-offs not always have a negative result besides,  many will take the opportunity with this. The opportunity for us to buy more potential altcoins at cheap price. Will it someone in selling while someone is also buying. That is really the life of crypto.

[Golftech]

It has been more than a month since the price of bitcoin has not experienced a very drastic increase.  And that greatly affects the price of altcoin. I prefer not to panic and sell my assets cheaply. I prefer to hold until everything gets better.

The price hasn't grown big, but there is continued fluctuation above the range of $10000. Next thing the price of bitcoin fell low from the value close to $14000 reaching $10000. This wasn't much into discussion as the market didn't fell low to the $10000 barrier. This time falling low to $10000 is the major reason for such a big discussion.

You are right, since the value of Bitcoin falls so hard it's bring the depression inside the Alts community, making the value of most of the Alts to bleed and stay down for quite some time. There's a lots of people who are still positive and aiming to get something out from this down sways hoping to place an entry in the right timing. If you are optimistic and you have the guts to keep holding there's momentum changers that will happen anytime, best to keep yourself calm.

[qwizzie]

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 ?

This market will continue to dump because too many mining companies abandon bitcoin and cause its hashrate to drop dramatically by 40%.
This is considered to be the worst news ever and that has hit the whales, causing them to sell off bitcoin recently. If the hashrate does not recover, it will continue to fall and the altcoins will fall similarly

Where did you see that information about miners abandoning bitcoin mining? And if they are really doing that, what will they mine next? Do you think they will throw away their mining equipment just like that? We had similar situations in the past, but after a while things go back where they were.
And it`s not that all alts are bleeding heavily, some are holding pretty good if you check cmc you will see that.

https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3m

It was just a temp drop in Bitcoin mining hashrate, it has fully recovered by now.

Also i dont think this drop in mining hashrate affected the Bitcoin price all that much, people were just disappointed about Bakkt volume, VanEck ETF proposal getting withdrawn and i also dont rule out some price manipulation going on from those trading in Bitcoin Futures
(50% of Bitcoin futures contracts expire this friday / today).

Link : https://cointelegraph.com/news/bitcoin-price-manipulated-before-futures-settlement-dates-research

Arcane published the numbers just hours before Bitcoin nosedived 15%, bottoming out at $8,000. That event happened to
occur days before a major settlement date: on Friday, 50% of open interest in Bitcoin options is set to expire.

Looks like the other 50% of Bitcoin futures contracts expire 1st of october 2019.

Link : https://www.barchart.com/futures/futures-expirations/currencies

I would not be surprised if Bitcoin dropped to $7,500 between now and 1st of october, and then rise again (pulling the altcoins with it).

[bering]

Altcoins are following bitcoin, that's why they are bleeding. If bitcoin continue to fall, altcoins are going to follow it as people and bots are trading them like bitcoin.
If bitcoin price is stable, altcoins have a chance to recover.

Flipped from your says above that the worst situations for altcoins sometimes when bitcoin price can be bounce back but some of altcoins never can do that and gradually dropped to the deep so it's difficult to the traders to get decent profit from altcoin

[hashman]

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 ?

I think we are very close to bear market If BTC cannot stand.
By the was it was good opportunity for money people, specially ETH.
Money ETH orders filled at around 150 USD and now ETH is around 166 USD and it looks strong.
Our hope is green days without see any bearish movement at the market 😊

[wheelz1200]

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 ?

That was a pretty bad beating and it was pretty much across the board.  Did it deserve to drop out like that,probably not as a whole so there is some good. Value there right now.  Is the more risk of more dumping sure,  ut I'd rather buy the bottom than buy the tops so not a bad week to jump in

[seleme]

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 ?

I think we are very close to bear market If BTC cannot stand.
By the was it was good opportunity for money people, specially ETH.
Money ETH orders filled at around 150 USD and now ETH is around 166 USD and it looks strong.
Our hope is green days without see any bearish movement at the market 😊

It makes sense to invest in the low prices if the market is in the bearish climate. Current prices are garbage if we compare with the prices of the 2 months back and the support levels have to reject any bear attempt which aims to cross the $100 per ETH. I hope you already placed your stop loss and take profit orders accordingly to the fundamnetal-technical analyze.


Drastically increase of the Bitcoin is now followed by the big red candles on the charts, the more price squeeze continues the fewer crypto investors will wait patiently for the next leg of the uptrend from my understanding.  Sell compulsion is not good at these price levels, BTC can test the lower price points below the $7000 if the market can't hold itself from the before mentioned group of traders.

[hirngespenst]

Not only altcoins, Bitcoin and the whole crypto market has fallen down heavily. Volatility at its best! But I am sure altcoins will be rolled back again as before! We all know crypto market's condition wont to be stay at one position, so, a good time will be back. But my fear is also the same as you, is it a signal for the upcoming bear market! Last year, In September, there was a massive dump in the crypto market, this year almost the same dump just happened to ETH/Altcoins!