My coins percentage down

[Tellek Garing]

Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.

[Oshosondy]

It is just as usual. During bull market, the altcoins can increase more, but during the bear market, the altcoins will decrease most. That is the reason I prefer bitcoin during bear market.

I do not know if this is true, but I have heard that some people convert altcoins to bitcoin during bear market, but even if it is not true, altcoins are sold than bitcoin which is the reason for the more altcoin price fall.

[HashingTower]

The higher the gains the higher the volatility that's what altcoins are all about, when bear market strikes it's always safer to hold the big boys BTC and ETH because they can recover pretty faster than altcoins

[passwordnow]

Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.

You don't have bitcoin, don't you? If you don't have bitcoin on your portfolio, you really are dealt with bigger losses. Just so you know, it's one of the most needed crypto in one's portfolio. There's no need for an explanation because the market itself is in correction.
That's why if the market goes in correction, bitcoin corrects and being part of it, the most affected and will have more percentage in losses are the altcoins especially those that are not at the top.

[Yaunfitda]

Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.

It's really hard to explain things in crypto market, just when you thought that they are supposed to move in this direction, it will go on the opposite.

And for the altcoins market it's doesn't follow patterns although they may have correlations to bitcoin market. And since bitcoin is down, most of the altcoins are also down.

[dbc23]

Most altcoins are built upon the Bitcoin Blockchain and so what ever the market trend is with Bitcoin it affects some altcoins. This is why having Bitcoin as a the major coin in your portfolio saves the day. Most of the coin might crash and some would survive but Bitcoin keeps pulling up after the dip

[Jackl87]

Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.

I know your feeling. The sad truth is, that if Bitcoin and Ethereum are dumping then all the other coins and especially smaller projects dump even harder than the big ones. This has always been the case as long as i have followed the crypto market since 2017. My Portfolio consists mainly of projects that are new and therefore it took a massive hit back in May this year and it wenn down more than 90% or so. With the recent dump of the market i am at around 20% of it's ATH Value back in the beginning of May. Once the market recovers and BTC and ETH beging to climb it usually takes a while until the smaller cap projects are rising too.

[Reid]

Not all altcoins will feel the market crash but most of it will when Bitcoin and Ethereum is down. Where does it go? I think that's the main question we all want answer with. There are three gateways right now rather than two, in my opinion. Before it's just cash and stablecoins. But now, it could be riding the hype for an NFT item. Sell your alts for a different name, coin, ticker or project and expect it to make more gains than the previous investment that you made.
Why it's difficult pin point where the money went? There's just too many altcoins in the market now and tracing it all will be a lot of work.

[Pffrt]

please can anyone explain for me how the altcoins market works.

What are you looking for exactly? I think I'm yet to get your question. The entire market is red and most of the coins have lost huge value. So, it's normal to see the same with your portfolio too.
There's a cycle which market follows- if BTC pumps altcoin doesn’t, if BTC dumps altcoins dump too and if BTC become sideways for a long time, altcoin pumps. So, wait for the sideways.

[Ceyflix-Rez]

It's not the end of the world, what people don't understand is crypto market works with time if you can HoDL you will reap alot of gains, the only danger to watch out for is scam projects, choose the big boys and you will have a wonderful future ahead of you

[Wysi]

There is no rocket science in this because whenever Bitcoin pumps and stabilized at that's when Altcoin pumps and once bitcoin stops dumping Altcoin started dumping even faster. That's when the value of Tether is slightly increased since most of the users will be safeguarding their capital by converting it into stablecoins, some of the users shift their fund from altcoins to Bitcoin because Bitcoin doesn't dump like alts.

[Tellek Garing]

It's not the end of the world, what people don't understand is crypto market works with time if you can hold you will reap a lot of gains, the only danger to watch out for is scam projects, choose the big boys and you will have a wonderful future ahead of you

That's true only exit scams go away with all the funds but as long as the project is legit I know its price will recover, but the most confusing thing is the rate at which altcoin price crashed like a pill of cakes in an oven made me wonder the altcoin market movement works.

[hugeblack]

Is the drop percentage different from popular cryptocurrency tracking sites like coingecko^[1] or cryptowat.ch? Because during the past two days, CMC website (which many wallets depend on) was giving wrong prices for many Altcoins.

If the prices are the same, what happened is a 20% - 30% drop of Bitcoin price, and therefore most altcoins are affected by the correction in the price of Bitcoin.

The altcoin market generally works by following the fluctuations of bitcoin, but every currency has a different pattern of fluctuations, and some currencies may give crazy highs that are difficult to predict (if it have a small MarketCap or listed in a few exchange or limited volumes) which mean great loss or great loss.


[1] https://www.coingecko.com/en

[MrcMrc]

Is the drop percentage different from popular cryptocurrency tracking sites like coingecko^[1] or cryptowat.ch? Because during the past two days, CMC website (which many wallets depend on) was giving wrong prices for many Altcoins.

If the prices are the same, what happened is a 20% - 30% drop of Bitcoin price, and therefore most altcoins are affected by the correction in the price of Bitcoin.

The altcoin market generally works by following the fluctuations of bitcoin, but every currency has a different pattern of fluctuations, and some currencies may give crazy highs that are difficult to predict (if it have a small MarketCap or listed in a few exchange or limited volumes) which mean great loss or great loss.


[1] https://www.coingecko.com/en

This is very correct because the altcoin market move in collaboration with the bitcoin market and any time there is a drop in Bitcoin price it will not take long before the altcoin market follows because the ethereum blockchain work with Bitcoin also so it is proper to say that bitcoin is the controller of all other cryptocurrencies in market supply.

[Jose Mourinho]

The ups and downs of altcoin prices are very natural things to happen, therefore patience is very important in investing in crypto, when a bear market comes to be an advantage for those who want to start investing, because after the market stabilizes the coin price habit will increase, and this is a opportunities to sell and take profit, as well as altcoins that we hold have decreased, holding is a very right decision, especially the coins we hold are BTC, ETH, and BNB, these coins have great potential and have very good prospects, so they are worth it to invest in the long term.

[eXtremal]

The movement of altcoins is indeed different from stocks if the stock will rise when the company rises not with cryptocurrencies. There are usually certain event events that make altcoins go up. When the project is good it is not necessarily the price remains stable as we are currently in a bear market. Even good projects will go down. That's how the altcoin price works system here.

[andyou1234]

when the market is experiencing a downturn, the best thing to do is to hold on to the assets you own, especially if the assets you hold are ethereum and binance, these altcoins have high popularity so their growth is very fast compared to other altcoins, I think investing in crypto a must have high patience, so that you can feel the great benefits of your investment.

[iv4n]

It's how it works, the market goes up and down all the time... After bull mode comes bear mode, as usual! Of course, volatility is always present but it's not always the same, it's what's makes trading interesting!

OP can be sure that only his wallet is red, it's with most of us at the moment... just rare coins are making some progress these days, but I am not one of the lucky holders! I guess we need to be strong and wait for better times!

[manok jepang]

the ups and downs of altcoin prices are a mechanism for crypto to develop further, price declines do not only occur for low-cap altcoins, but also apply to BTC which is the mecca of all altcoins, where volatility is always repeated and repeated which makes crypto more meaningful,

[albon]

Even though the entire cryptocurrency and none crypto assets on the stock market price are down currently but the level at which my various altcoins portfolio crashed backward baffles me, please can anyone explain for me how the altcoins market works.

The altcoins market tracks the price of bitcoin, there is a close relationship between them. If the price of bitcoin dumps, most altcoins are greatly affected as well as if its price rises, so you shouldn't worry because the crypto market doesn't continue in the same condition, it may rise sharply overnight or within hours, so you have to hold your altcoins and not sell at a loss.