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?

the price is very capable of being influenced by the developments that exist on every coin. so for this price up and down along with the development of existing coins. thereby generating great profits when the development is so increased. so when price declines are affected by the decline in development.