Re: what causes the price of altcoin down?

give your opinion why altcoin cheap price?
is it time for us to buy altcoin?
why every mid year altcoin is always cheap.

I think the current dip is caused by two factors:

1. Binance API fail

2. MtGOX guy selling coins for 400M.

But the marker seems stable around 9K and alts seems to get a slight recover.

Oh, issue of binance hacked ?
Make market go down?

This could be because many the issue of the issue of negative from various State, but I also think maybe this happen because the increasing amount of bitcoin etherum and bitcoin money
I believe prices have down because the opportunity to have more bitcoins and increase the number of miners of bitcoin

I do not really know about the current altcoin price decline because I know the price of altcoin falls because bitcoin also decreases because altcoin follows the bitcoin movement so from that with the price of altcoin the current price you can get altcoin that much and buy it for the future