what causes the price of altcoin down?

[chayskie04]

It caused by the bearish trend of crypto, the bearish trend was created by the bitcoin itself. And the bitcoin gets big dump by mtgox trustee worth about 35k bitcoin and 35k bitcoin cash. That's why the market was dying. This looks a good time at least you can buy altcoin with discount. But just try to watch the japan news. There is remaining amount of bitcoin worth 161k bitcoin again. But the court will try to manage it.

[Niteroy]

I've heard similar opinions and I agree with them, the price collapse has somehow intensified in connection with the events that you described. It seems that this decline will drag on for a while, but after that growth should begin, for this there are all conditions.

[Contagem]

Altcoins will not begin to grow until the Bitcoin price falls as a result of the release of a large number of Bitcoin coins to the crypto exchange. Perhaps when all these coins dissolve in the crypto market, then the smooth recovery of the entire market will begin and then we will see the growth of altcoins.

[husanchaika]

It caused by the bearish trend of crypto, the bearish trend was created by the bitcoin itself. And the bitcoin gets big dump by mtgox trustee worth about 35k bitcoin and 35k bitcoin cash. That's why the market was dying. This looks a good time at least you can buy altcoin with discount. But just try to watch the japan news. There is remaining amount of bitcoin worth 161k bitcoin again. But the court will try to manage it.

Yes. But every day there’s a new altcoins ICO price of which is falling immediately after listing. That’s not mainly because of a bearish trend.

[Doctor]

It caused by the bearish trend of crypto, the bearish trend was created by the bitcoin itself. And the bitcoin gets big dump by mtgox trustee worth about 35k bitcoin and 35k bitcoin cash. That's why the market was dying. This looks a good time at least you can buy altcoin with discount. But just try to watch the japan news. There is remaining amount of bitcoin worth 161k bitcoin again. But the court will try to manage it.

Yes I think altcoins price is down cause  of the bitcoin value. Bitcoin price will affect the value of all altcoins.

[fallenangel1789]

When the price of a commodity drop with no reason, you should know that it is being manipulated. The reasons for this is quite simple, because a lot of people know this is a fake crash and they are going to make millions, when other people start to panic and start selling their coins at these low prices. The secret to maximize your profits in this game is to buy coins at the lowest price possible and then again to sell at the highest price possible. What do you do if people are hoarding their coins and refuse to sell? You simulate a fake crash by stockpiling your coins over a long period and then dumping those coins at once to trigger a small crash. You then buy back these coins at a lower price than what you bought them and wait for the market to recover. This is what is happening now, because there is NO reason for this sudden drop in the price? Hold onto those coins as long as you can, because   greedy bastards will manipulate the markets to cause chaos and panic. 

[debra]

So true. What causes Altcoin prices to go down is Bitcoin. Bitcoin is the only coin that greatly affects other market prices. If the price of Bitcoin falls. Automatically all coins in Altcoin will also go down to follow Bitcoin and even worse than Bitcoin, although actually the price of Altcoin is cheaper than Bitcoin but there are still many people who use Bitcoin as a priority in their crypto world business.

[rizqillah]

It caused by the bearish trend of crypto, the bearish trend was created by the bitcoin itself. And the bitcoin gets big dump by mtgox trustee worth about 35k bitcoin and 35k bitcoin cash. That's why the market was dying. This looks a good time at least you can buy altcoin with discount. But just try to watch the japan news. There is remaining amount of bitcoin worth 161k bitcoin again. But the court will try to manage it.

In my opinion bitcoin affect yhe value of altcoin down. Negative issue also affect the price of altcoin.

[zenbook]

I think it’s because of the increase in total supply of the bitcoin etherum and bitcoin cash.
I believe the price been down is an opportunity to own more bitcoins.
And it is also a reflection of the amount of miners of bitcoin.

We can relax and store in more bitcoin and altcoin and also more importantly hodl our tokens.
Because steadily the prices of bitcoin will moon.
And the prices of altcoin will follow too.

[kenning]

What you are saying is just one of the factor i believe it is caused by the supply and demand of the overall market for that altcoin.

[owmivmen]

Yes, since hackers stole crypto, crypto prices have decreased. This indicates that it requires changes in the security of crypto user assets. If this happens again, crypto will end in the future.

[bitpation]

I think the main cause of the decline in Altcoin prices on the market is the large number of people who sell coins with lots of jumblah and are done simultaneously. That is what causes Altcoin prices to fall. On the other hand the price of Altcoin dropped because of following the market price of the current Bitcoin. It can be like that in my opinion.

[Dodo]

It seems that this decline will drag on for a while, but after that growth must begin, for this there are all conditions.
I have heard similar opinions and I agree with them, the price collapse has somehow increased with respect to the events you describe.

[Baby Crypto]

It caused by the bearish trend of crypto, the bearish trend was created by the bitcoin itself. And the bitcoin gets big dump by mtgox trustee worth about 35k bitcoin and 35k bitcoin cash. That's why the market was dying. This looks a good time at least you can buy altcoin with discount. But just try to watch the japan news. There is remaining amount of bitcoin worth 161k bitcoin again. But the court will try to manage it.

I think It is bitcoin effect. But I believe the price of ethereum will more stable at the next year.

[Omega]

So true. What causes Altcoin prices to go down is Bitcoin. Bitcoin is the only coin that greatly affects other market prices. If the price of Bitcoin falls. Automatically all coins in Altcoin will also go down to follow Bitcoin and even worse than Bitcoin, although actually the price of Altcoin is cheaper than Bitcoin but there are still many people who use Bitcoin as a priority in their crypto world business.

It seems this is true but sometimes the market does not base on this because some altcoins perform different even bitcoin decrease still they are not affected. Although this is the normal market trend.