Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Kyoshiro on September 05, 2018, 06:57:35 PM
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As Bitcoin lowers its price, altcoin values are also pulled down making some of its coin valueless. The top ten ALTS lowered down their prices up to 20% from their peaks due to the trading rate and demand. What do you think is the cause?
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As Bitcoin lowers its price, altcoin values are also pulled down making some of its coin valueless. The top ten ALTS lowered down their prices up to 20% from their peaks due to the trading rate and demand. What do you think is the cause?
You mean recent peaks? 20% drop from the recent high? All alt coins are much lower than 20% from their absolute peaks, which got really high. I think the main reason is someone dumping coins because they made money on them, but it will probably recover.
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On this about its opinion. I think everything can happen, there is a possibility that They will rise to the same level and will be competitors in their field. ;D ;D ;D
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I mean their highest value ever since. :)
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I am not very sure what causes BTC to go down and almost all altcoins experience price reductions.
there are a lot of things behind it, but the most reasonable thing is that there are many big investors who are pulling out all their assets, and waiting for small investors to withdraw them too,
after that there was a storm of massive price increases like the end of 2017.
just wait, it will happen or not
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I don't know about my theory being correct or not, but my observations are that everytime bitcoin flash crashes and flash gains the value back (making like a U gap), I lose some of my altcoins/tokens value. It just seems that altcoins don't ever go back to the levels they were before BTC flash crashes. Any thoughts?