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?

Maybe their is point to be like that and it is kinda getting the informations from others or envy it could be. As far as I know many issues come up with the altcoin some are scam but I guess it depends on the person on how he or she will get in to it.