Quote from: pealr12 on March 18, 2018, 03:28:16 PM

Quote from: Winedmeel on March 18, 2018, 01:48:52 AM

Is it because of the large number of altcoins?

Nope ,but its because bitcoin is losing power . Increasing number of altcoins does not affect the price of bitcoin but rather all altcoins price is depending on bitcoin.

I think you have a point there mate because seeing the price coinmarket capitalization,we could see that when Bitcoins value becomes red almost all altcoins also turn red.I just thought that altcoins we're affected and also dependent on the price of bitcoin, when bitcoins movements in the market slows down so as altcoins.Another thing that I see why price of bitcoin rapidly going down maybe most people or holders worried about the banning issue in some countries and the banning of big companies like Google,facebook,even Twitter and Snapchat threatens them.I could see this would be a big impact to Bitcoin community because social media sites and search engine like Google contributed alot in the increasing of the population of bitcoiners around the world.Hopefully this Google banning issue would stop and hope this is not permanent.