what causes the price of altcoin down?

[bhm45]

It is the simple truth that bitcoin and every each alternative cryptocurrency is tightly bind in the terms of Price, someway and somehow bitcoin price is affecting all the other currencies prices, and one bitcoin is down all of them are going down also.

[Ahmad Arwanj]

this could be because altcoin can only develop if bitcoin has decreased.

[ComeBack]

Yeah, When the bitcoin price goes down we all know that altcoin prices will follow their mother. Mtgox still have plenty of bitcoin to his wallet and I think we will have more dipped soon.

[Dinid]

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. ....

~snip~

Nice explanation from brother FallenAngel. Very detail.
There are many opportunities to gain profit on the trading activities.
We must be smart and careful when read situation of the market.  Also we must always think clearly, never be panic, FUD and FOMO.

[obito uciha]

this could be like a defeat in the crypto world war.
all have their own privileges, depending on the user, choose which cripto ..

[flyaccount]

Broadly speaking, the price of several coins in Altcoin is influenced by the Bitcoin market. But here, Bitcoin rises and Altcoin goes down. It all became a big question mark for me. But I still believe in the existence of the Altcoin market's influence system with the current Bitcoin market that they are running together at the same time in terms of the ups and downs of market prices.

[RedzoneASE19]

I think that this is due to the downfall of the core coins like ethereum and bitcoin. It does really affect the market trend by a huge margin.

[BenWhite]

I think Bitcoin price impacts altcoin.

[Arlibtchunt2019]

I think that this is due to the market crisis it has suffering. Many investors are dumping that cause the price to fall deeper than what we expect.

[Black ID]

One of the reasons why altcoin prices are decreasing is because of the many hacking that has recently occurred. This caused the crypto traders to worry about selling the coins they had.