Quote from: ukiert on December 03, 2017, 03:34:06 AM

Quote from: rodel caling on December 03, 2017, 03:25:43 AM

Quote from: nipunchathu123 on November 30, 2017, 08:27:53 AM

why altcoins prices rapidly going down now

my analysis not directly altcoins down its because the effect of bitcoin price increase the altcoins not going up the reason is the people goes to invest in bitcoin because of this expensive profitable increase.

correctly I have also argued the same his price down altcoin gan that his cause is because the investors who moved into the bitcoin so the price is getting down

Yes, that's how it goes basically. When altcoin traders see's that its more lucrative to trade bitcoin, then its bound to happened. I think around last month we have seen this phenomena, altcoins traders suddenly shift to bitcoin because the price of bitcoin is going up. And then we see a sudden drop of bitcoin and altcoin market flourished. This is just expected and normal as traders go look for better opportunities to earn. But there are times that both market is all green. This is an indication that new traders are coming into the picture and buying both bitcoins and altcoins.