Post
Topic
Board Altcoin Discussion
Re: Why are altcoins still dropping in price
by
novita_gendut
on 29/06/2018, 01:40:02 UTC
Btc hasnt dropped very much more and it seems like some alts like linda, verge, and electroneum are still dropping how long will it yake for them to rise back up

Because those altcoins you said are increased huge in the last month. They definitely need a correction whether bitcoin price increases or decreases. Linda increased from 4 satoshis to 93 satoshis, still higher than the initial price. Verge increased from 54 satoshis to 1725 satoshis, still higher than the initial price.
I guess you might have bought from the top and waiting for further increase but I do not think those coins will increase from now on. Every small increase should be a selling opportunity.
you are right every increase is an opportunity to sell and earn profits. it's a different thing if op makes a long-term investment and should not worry about this decline.
Yes, right because even now the bitcoin price has not gone up and so the altcoin price will not go up either because I know the price of altcoin always follows the bitcoin movement, let alone the bitcoin itself is very difficult to ride even though it is the best coin, as many people love bitcoin
altcoin prices are still declining until now and have not been back because bitcoin also has not returned so from now on many people who invest in altcoin and buy altcoin and hold it until altcoin prices back, let alone the market also has not recovered and still fluctuations