Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: Why The Dip?
by
louie69
on 12/03/2018, 04:52:20 UTC
Quote from: chutchmcgillicutty on March 12, 2018, 01:58:20 AM
Quote from: ManaMan on March 11, 2018, 05:21:57 PM
Quote from: randomduck on March 11, 2018, 04:31:32 PM
Hey everyone! I don't know why I haven't come here to ask this sooner but does anyone know what has caused this huge dip in the market at the moment? I have investments in DeepOnion and THEKEY, and both have dropped nearly 35%.

I had read something about an exchange having to "dump or hand out" loads of BTC, but wasn't sure if it was related to any of the altcoins?

Thanks.

When bitcoin is doing bad, alts are doing even worse - this is how it's been before and is happening now. Simply have the guts to hold if you have lost your money and hope prices will fix in future, which they should at least for some coins.


Yes this is the general rule for crypto. One day it might chage, but for now, it seems that for better or worse all ALTS follow the lead of BTC. This might change here in next few years as more and more alts start accepting fiat money to purchase

In general, bitcoin is very sensitive that is why it is volatile in nature and what causes much of the dips was due to FUD and negativity in the media news. In my views, I consider it as a fact because it had an effect in the price of the crypto coins where it always happen. It would much be better to set aside negativity and not to feel FUD for majority of the crypto supporters, users and investors to lessen the dips and make the price move upwards that we hope to happen.