All altcoins down but Bitcoin doesn't gain

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Quote from: countryfree on March 15, 2016, 07:22:18 PM

We've seen a lot of transactions from people exiting Ethereum, but I can't see where the money went after ETH. It didn't go to other altcoins, nor back to BTC....

It prolly did got to BTC: BTC that's being held, not bought or sold. If you move BTC to your wallet and sit on it, you've done nothing to change its market price.

Amph

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not the first time, we have faced this in 2014 also, when the big bitcoin downtrend started and the altscene was utterly unprofitable, i remember it was in late 2014

BitcoinHodler

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Quote from: countryfree on March 14, 2016, 07:46:11 PM

One thing surprises me.

We're currently seeing the dump part in the ETH massive pump and dump operation. The surprise is that all other big altcoins are down too. Factom, Monero, they're all seriously down, but BTC harldy gains. It's up only 1%. It should have gained much more, shouldn't it?

not really.

first of all altcoin prices doesn't have that much effect on bitcoin price. if anything, it is the other way around.

second, the ETH pump had its effect on bitcoin and it wore off a while back and bitcoin price went back up to ~$414 anything more need the massive ETH dump which hasn't been here yet. by that time we could expect some bigger movement in btc price.

hv_

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BTC momentum is rather downside ( dev / scaling / block size debate hurts) - so the effect is more it is not falling that hard.

countryfree

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Quote from: Sukovsky on March 14, 2016, 07:48:11 PM

Big altcoins you say. I only see you mention the absolute cancer of the cryptocurrency world. Can you elaborate more? I haven't heard from Factom or w/e the fuck that is since ever. Monero was doomed the day it was branded, not even mentioning it's totally flawed architecture. So what the fuck are you saying?

Just look at that pic:

https://bitcointalksearch.org/topic/most-altcoin-prices-are-dropping-why-1399381

We've seen a lot of transactions from people exiting Ethereum, but I can't see where the money went after ETH. It didn't go to other altcoins, nor back to BTC. Nearly everything's down besides some very small altcoins.

Quote from: The Sceptical Chymist on March 14, 2016, 10:43:34 PM

Some things pop up, others get pounded down.

That's how it used to be, that would be logic, except that now, nothing pops up.

The Sceptical Chymist

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Nah, not necessarily. My guess is it's a bunch of whales or little whales with X amount of capital to spread around the cryptocurrency market and it's like a game of Whack-a-mole. Some things pop up, others get pounded down. I'm not surprised in the least that bitcoin is floundering. But at least it hasn't tanked, right?

Things could be a whole lot worse. The sun is gonna shine again, my friends.

Sukovsky

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Big altcoins you say. I only see you mention the absolute cancer of the cryptocurrency world. Can you elaborate more? I haven't heard from Factom or w/e the fuck that is since ever. Monero was doomed the day it was branded, not even mentioning it's totally flawed architecture. So what the fuck are you saying?

countryfree

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One thing surprises me.

We're currently seeing the dump part in the ETH massive pump and dump operation. The surprise is that all other big altcoins are down too. Factom, Monero, they're all seriously down, but BTC harldy gains. It's up only 1%. It should have gained much more, shouldn't it?

Topic: All altcoins down but Bitcoin doesn't gain (Read 563 times)