discussion All coins are decreasing in price with BTC decrease!

[Michael0606 861]

A normal behavior of the rest of the currencies, since most cryptocurrencies move based on how the price of bitcoin moves, for example if bitcoin is falling, the other currencies will also have to go down.

[betelihem 4766]

On 3/13/2020 at 12:20 AM, Bohana said:

Hello.

This is a very bad day for Bitcoin and for us. All cryptocurrencies are dropping in price along with the major coin, Bitcoin. Should we wait for the price to go up again? Will it go up again? What's the reason of this? Is it Corona Virus?

No all coins are independent to each other and the price fall of one coins doesn't affect the price of other coins, they all falls because the investors sell all there coins at a time then it drops all the coins price, and they invest all there moneys an most coins which turns increasing the invested coins not the price of bitcoin.

[Bohana 2143]

On 5/19/2020 at 6:45 PM, betelihem said:

No all coins are independent to each other and the price fall of one coins doesn't affect the price of other coins, they all falls because the investors sell all there coins at a time then it drops all the coins price, and they invest all there moneys an most coins which turns increasing the invested coins not the price of bitcoin.

You have a point here! I thought that all Altcoins are related to Bitcoin and when Bitcoin falls, all Altcoins will fall.

Thanks for declaring. 

[Omar Ommeish 4872]

Corona virus has had a negative impact on all currencies and this is normal because it has negatively affected all financial markets.

[Alimhana930 1605]

Currencies are somewhat related to the Bitcoin movement, but this is not a law, as Bitcoin can control all liquidity and rise and deplete currencies and make them decrease and it is rising, so each indicator is taken into consideration As for the decline, this means a decrease in liquidity in the whole market, and therefore everything will decrease A drop is a good opportunity to buy at a low price.

[Honny143 13612]

Yes corona virus destroyed crypto market bitcoin altcoins total all coins drop their prices, bitcoin touch the lowest price 4000$ mark in this pandemic, and this crisis continue around two months then later slowly crypto market recovered and present stable condition, in this pandemic situation every investor show their patience because their is no option.

[hasan007 206]

Its true that the btc is leading the market of the cryptocurrency. When the price of the btc is drop all the other coin follow the same strategy cause its all are interrelated market as far i know. But i  really hope that the price of the BTC wil rise within a short period of time and all the other coins also follow the same path.

Edited July 28, 2020 by hasan007

[TimopheyKa 3900]

Well, in fact, Yes, this is the situation! The effect of coronavirus , the decline in prices. Many stocks and bonds, gold and oil are falling in price, very much, it's scary! Of course, when all this passes, we will be able to see active growth and recovery of prices, Yes. But still, how much this all affects the economy is surprising!

[Swapzone 174]

That's what the Bitcoin's volatility is. Well, one of the reason for it's price to decrease is the decrease of Bitcoin's usecases.

[bogdanoff 3173]

The reason for the March drop was the panic happened in all markets because of the corona. It as an excellent chance to buy but if you missed there is no need to worry because more chances will happen. My fear is only a very long recession in many countries that will make all markets suffer and as it seems Bitcoin is always following.

[Izeal 4404]

All the coins price will be directly and indirectly link with bitcoin, we can see good price from the altcoins because the bitcoin has more capitalization than the whole other crypto.

[Projectcrypto 4382]

Corona virus is the cause but believe me bitcoin is a promising coin and i believe sooner or later bitcoin will regain it strength in terms of market value so all we need to do is to excercise patience for some time because bitcoin has began to rise gradually and we hope to see more of that in the future probably bitcoin may reach $20,000 before 2020 ends.

[Moontong 5312]

It happened because of the pandemic virus, there are many people who are scared of being hungry because of implementing the lockdown so they pull out their money to sustain their needs during the lockdown. 

[Solex 2262]

Majority of other coins are dependent on the price of bitcoin in the market and since bitcoin has been attacked by Corona virus definitely they also have to drop in terms of value but I believe with time bitcoin will rise higher and other top altcoins in the market will follow because just of recent bitcoin rise from the region of $9,000 to $11k which lead to the increase in the price of ethereum to $400 plus from $280, so let's be patient with the current situation.

[Guru2050 8284]

As of then, this was very unfortunate development, as the situation left many with no option rather than to dumb like that even just maintain, retrieve their capital invested, not to talk of profits. But qudos to those who were able to reason beyond the angle and hold firmly, patiently to their coins, as today they are reaping the benefits.

[Cryptomint 433]

It is not a new thing. We all know that the bitcoin is the father of the alts when it increases then alts increase when decreases so alts also decrease.

[Calvinpriva 17296]

On march was really a pressure month because a lot of traders and investors thought they will earn loss and they'll never recover it! But from may i think, prices start to grow again and it become a really good time for all traders who had patience.

[annayks 2314]

It is the usual case when Bitcoin is decreasing in price the altcoins are decreaseing more. thisis the danger of holding the altcoins that are not worth the trouble and not very font of holding them when their price is high as right now.

[Gluttony 1775]

It would be better to hold your coins if you are trying to generate profit from your investment. That is the practical method that you should do as of now. But if you really want to engaged in trading already and somewhat thinking the losses that you have accumulated in every time that is wasted on holding the coins then go and trade your investment. The pandemic situations we are in are unlikely affecting the price range of the crypto currencies directly but somehow they are influencing the price range indirectly. I think the crypto currencies are trying to help the people who are trying to look for an alternative income since establishments and businesses are closed and employment is being reduced. It seems like the crypto currency are trying to relinquish at least the problem of the people in terms of money so that they could survive this pandemic.

[Irungu 4299]

I have never really understood this but the truth is , they do decrease with the price, and that is why we need to really see the difference, the way coins are attracted to  bitcoin is something I dont understand and we need to know what is the whole effect of bitcoin to other coins its really strange that bitcoin is usually attached to so many other coins and I dont think that is fair.

[UNFAIRR 47]

Bitcoin price is bound to rise again, let's just be patient to save our coins. So don't panic, and other coins will definitely go up, just a little patience from us and everything will be fine.

[Shaza Ahmad 1682]

At that time, everyone thought that Corona would remain for years and that there would be a global recession and the strongest economies in the world were closed for some time so the situation was disastrous for the stock market and cryptocurrencies, but now the picture has become more clear after the emergence of many vaccines for Corona, it is true that it is experimental, but it gave Hope.

[toshiSatoshi 29]

This is not always the case, usually some go down in price, but not all, there is always some that goes up in price, it all depends on market conditions, and the reliability of the currency, stablecoin, always have the same price like that. That do not go down.they also don't always go up when bitcoin goes up.

[Omar Ommeish 4872]

2 hours ago, Shaza Ahmad said:

At that time, everyone thought that Corona would remain for years and that there would be a global recession and the strongest economies in the world were closed for some time so the situation was disastrous for the stock market and cryptocurrencies, but now the picture has become more clear after the emergence of many vaccines for Corona, it is true that it is experimental, but it gave Hope.

Yes, the corona caused a decline in many global markets, and cryptocurrencies have decreased a lot, but after a short period of time they were able to return to what they were in the past.

[Onur0808 10]

This is my most dislike in the market. The market is totally addicted to btc. Whatever he does, they do the same. There must be weathering.