Altcoins prices are bleeding heavily

[mhine07]

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 ?

Altcoins value are not stable at this moment , because of the bitcoins value downfall in early this year and last year , most of the altcoins that are in top in coinmarketcap are also goes down that until now they cannot bounce back. But i still believe that this year altcoins will regain and gonna make more profits just like before.

[1715676977]

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[robelneo]

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 ?

The market is very dynamic what you post today may not reflect what's the market data is saying tomorrow, when analyzing the price it's best to compile the list for the whole week so we can figure out the percentage on the drop.
We cannot draw a complete picture of the situation if we rely on one situation alone, your is analysis is only on one day since you posted it yesterday it's different today than what we had yesterday.

[tonyvo2017]

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 ?

Yes, I think this is just the adjustment of the whales and depressing the psychology of the crowd, after which they will pump coins. This makes perfect sense when we look back at the beginning of 2019, the whales deliberately forced the price of Bitcoin and alts to plummet.
At that time, ETH was only $ 77 and Bitcoin was $ 3k2.
When the market seemed passive, trading volume was less than $ 5 billion and constantly complained of speculators on the forum, then, the whales began to pump coins.
As a result, ETH increased to $ 325 and bitcoin increased to $ 13k3. I believe this bull run scenario will be back and we need to be more patient to see it.

[Cheesus]

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 ?

Not all the altcoins. We have few coins which values have not gone down as like other coins. Namely, ERD, COS, Matic and Harmony. Mainly the coins launched on Binance launchpad, sustained their values. This would probably their product and services being behind.

Exactly. Even Ethereum, EOS went more down than Harmony, Matic! But these few coins can not be an example when 90% of altcoins bleeding heavily. Before this sudden dump, people were talking about only altcoins dump, but right now Bitcoin price is dumped too. It seems there can be another bear run! What do you think?

[eaLiTy]

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 ?

There was no direction for the market for sometime and with the introduction of Bakkt future trading and with the expectations died down we are seeing a correction. The alt coin market will bleed when ever the price of BTCitcoin goes down, you wont be seeing a big bear market but we will see corrections like this till the halving and if anyone is planning to invest, this is the best time for that and only invest with long term plans if you are looking for profits.

[leavolnhals]

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 this is what drives bull run in November.  History is completely repeatable, I believe there will be a big pump in the crypto market because the Halving event of Bitcoin is about to take place.  it's just over 200 days away from the Halving event and I believe this discount is in the whale's plan.  They deliberately pushed the price of bitcoin down so they could buy more.  This is a common strategy in manipulated organizations and our job is to be patient at the moment.  Do not panic.

[cryptofirm]

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.

maybe hodl is the right options for now,
anyway its depends on what kind of altcoin in your bag my friend, wich mean if you hodl a good altcoin such as binance coin or ethereum your choice is right
but if you hodl the wrong alts, i think you must sell it as soon as possible

[tenakha]

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 ?

ETH had made good progress before it had dropped, and could have continued. Unfortunately BTC's price has fallen, therefore the price of ETH is around $160. The increase in BTC's price, which is important, allows the altcoins to recover.

Certainly this will not continue. Volatility in the market was always and always will be. Lets wait until the end of the year.

[ajqjjj]

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 ?

ETH had made good progress before it had dropped, and could have continued. Unfortunately BTC's price has fallen, therefore the price of ETH is around $160. The increase in BTC's price, which is important, allows the altcoins to recover.

Certainly this will not continue. Volatility in the market was always and always will be. Lets wait until the end of the year.

Again market will start pump so slowly Bitcoin and Ethereum will going forward and other altcoins also follow the same way. Normally we don't predict the quick hype and drop on ETH, But market situation is day by day moving forward so end of the year we will see good pump on crypto. At the same time some fluctuation will occur at each months so we must manage the fluctuation.

[cribusen]

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

I hope not, but all signs of a bearish trend are here. Bakkt exchange launch failed completely and this made people to panic and to sell their crypto. 20 percent is a very serious sign and I hope that crypto would recover, but as we all know, nothing is predictable here.

[sniveling]

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

I hope not, but all signs of a bearish trend are here. Bakkt exchange launch failed completely and this made people to panic and to sell their crypto. 20 percent is a very serious sign and I hope that crypto would recover, but as we all know, nothing is predictable here.

Some experts said that a drop in the price of Bitcoin by 20% cost large players only 300-500 million dollars. This shows us how small the cryptocurrency market is. This market can be heavily manipulated.

[Irvinn]

One way or another, the entire cryptocurrency market is falling due to the fact that the price of Bitcoin is falling.  But the price of Bitcoin is falling due to the fact that it is still losing its popularity, because it is becoming only a means of calculation, and not accumulation.  One way or another, the number of cryptocurrency users who are confident in the prospects of Bitcoin is declining, because today there are quite a lot of coins, including ethereum, which in many respects exceeds Bitcoin's characteristics.  Based on this, the cryptocurrency market can go through another stage of decline, with huge correction, after which Bitcoin can only remain a valuable coin, as a pioneer of the cryptocurrency market.

[jostorres]

ETH had made good progress before it had dropped, and could have continued. Unfortunately BTC's price has fallen, therefore the price of ETH is around $160. The increase in BTC's price, which is important, allows the altcoins to recover.

Certainly this will not continue. Volatility in the market was always and always will be. Lets wait until the end of the year.

Altcoins growth for now depends on the growth of bitcoin till further notice as most of the altcoin relies more on the increase of bitcoin for them to increase in price, I mean altcoins that are within the top 50 and we should know that the moment bitcoin recovers and start increasing, they tend to follow the same pattern of increase also which is why rather than panicking.

As ethereum is $160, this would have been the best time for investors to keep accumulating and the fact that it is even cheap to accumulate than bitcoin, although for some people who are very rich, this is also the best time for them to accumulate more of bitcoin also as bitcoin profit is quite far higher than that of any altcoin when they recover. As I got this opportunity now, rather than thinking of how altcoins are bleeding, I am investing deeply in them against recovery.

[lionheart78]

maybe hodl is the right options for now,
anyway its depends on what kind of altcoin in your bag my friend, wich mean if you hodl a good altcoin such as binance coin or ethereum your choice is right
but if you hodl the wrong alts, i think you must sell it as soon as possible

That is good for those who have day jobs and can support themselves even without touching their crypto portfolio.  I feel sorry to those who sold everything just to get into what they think is the train to richness but were burn because of the continuous bleeding of altcoins.  I myself  had been losing my portfolio value for almost a year now but tends to hodl.  It is an all or nothing for  me and many of my altcoins are now worthless but still not losing hope to those potential ones.  I wonder when can we see the day when the market become a green field.

[diazepam666]

maybe hodl is the right options for now,
anyway its depends on what kind of altcoin in your bag my friend, wich mean if you hodl a good altcoin such as binance coin or ethereum your choice is right
but if you hodl the wrong alts, i think you must sell it as soon as possible

That is good for those who have day jobs and can support themselves even without touching their crypto portfolio.  I feel sorry to those who sold everything just to get into what they think is the train to richness but were burn because of the continuous bleeding of altcoins.  I myself  had been losing my portfolio value for almost a year now but tends to hodl.  It is an all or nothing for  me and many of my altcoins are now worthless but still not losing hope to those potential ones.  I wonder when can we see the day when the market become a green field.

If you do not want to loose the value of altcoin you own, please invest on the exchange and have some partial hodling in the USDT as well.

Apart from that continuous utilization of the coins into exchange that will make the funds in your wallet for more time.

When there is hype in bitcoin at the next time you can see the price bump more again.

[Kang TB]

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.

maybe hodl is the right options for now,
anyway its depends on what kind of altcoin in your bag my friend, wich mean if you hodl a good altcoin such as binance coin or ethereum your choice is right
but if you hodl the wrong alts, i think you must sell it as soon as possible

hold the right coin is yes, but if we hold a shitcoins
you already knew the risk, because you will lose your money soon or later
but, the fact is not all people can identify a shitcoins buddy

[PLATO]

One way or another, the entire cryptocurrency market is falling due to the fact that the price of Bitcoin is falling.  But the price of Bitcoin is falling due to the fact that it is still losing its popularity, because it is becoming only a means of calculation, and not accumulation.  One way or another, the number of cryptocurrency users who are confident in the prospects of Bitcoin is declining, because today there are quite a lot of coins, including ethereum, which in many respects exceeds Bitcoin's characteristics.  Based on this, the cryptocurrency market can go through another stage of decline, with huge correction, after which Bitcoin can only remain a valuable coin, as a pioneer of the cryptocurrency market.

Bitcoin has a huge influence on this whole market and this is the main reason why I am always careful when investing because if the downtrend continues, any investment will make me lose money. I usually do not choose to trade during this time period because the risk is too great and it can completely make everyone feel depressed during the waiting period. Now I will look for new knowledge to prepare for the next phase of this market and Bitcoin will surely increase next year.

[magneto]

It was really an imminent correction, in my opinion. The entire market had rallied up to 14k in a very short amount of time, which is extremely unsustainable.

As I've said before, the only surprising part to this correction is that the bitcoin dominance index continues to stay sky high, as opposed to what I've expected which is to correct down to 50-60%.

It does seem like that alts will continue to bleed, regardless of which way the overall market is headed. Most likely, this is due to institutional investors whose portfolio mainly consists of BTC still due to its track record and the belief that it is less volatile and safer than alts.

[novaprime]

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'm not sure but i think the crypto market can continue falling, anything can happen though, maybe $8k is the lowest gate for bitcoin to go down. The thing is, after the big crash, the price usually will go up again later. So prepare your money to buy crypto.

I think investing at this price is really good for the investment and you absolutely can make a high profit if the market starts to increase in the near future. During the past time, BTC has been continuously volatile and that made many investors have a lot of difficulties in trading so if we don't invest now, we will never be able buy cheap. Of course any investment will have its own risks but investing in Bitcoin will never disappoint.

[DaMut]

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I think investing at this price is really good for the investment and you absolutely can make a high profit if the market starts to increase in the near future. During the past time, BTC has been continuously volatile and that made many investors have a lot of difficulties in trading so if we don't invest now, we will never be able buy cheap. Of course any investment will have its own risks but investing in Bitcoin will never disappoint.

Based on the news and the speculation that heard. Buying anything whether it is Bitcoin or altcoin right now, will lead us to another loss. There is no "we will never be able to buy cheap" because every level is cheap enough as long as it is below your target. On the other hand, buying everything whenever it gets dump is not a wise action.
we as a trader need to maintain our strategy, it is better to be late other than being a rush but to get burned.
it is never late to join the fun, as long as the market is stabilized and the direction is clear. That is the best time to join in, but not now. It is extremely risky