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?

not just Altcoin is experiencing a decline in prices. because Bitcoinself also experienced falling prices. this is usually marked by the beginning of enthusiasts who change hands. meaning they transfer other coins. by selling initial coins, it will make the coin decrease. therefore there may be a declining price in the market.

Shitcoins with no future will slowly die off, the market is so full of shitcoins right now its ridicolous. They have nowhere else to go but down.