all markets follow the bitcoin price trend

tbterryboy

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Quote from: Kemarit on March 09, 2018, 03:10:51 AM

Quote from: airdagon on March 09, 2018, 02:35:18 AM

we really need improvement for future benefits.
what to start action from now on? yes, I mean to take off towards the hike again.

https://www.ccn.com/bitcoin-drops-8300-mt-gox-trustee-sell-off-continues-market-drops/

The only improvement I'm seeing that will really push bitcoin is Lightning Network implementation. However, there are a lot of thing being sorted out as of this moment and perhaps we need to wait a bit further. The best thing to do right now since we are in a dip, is to really purchase bitcoin and altcoin are well. How many of us are bitching out saying that bitcoin is expensive. Now is your time to shine. Get your acts together, help the market overcome the bearish sentiments, start buying today!!!. As far the link you gave, the timing of his sell-off is in questions, however, it maybe because he needs to liquidate it or something to that effect that's why he suddenly dumps huge amount and continue to do as this moment.

Well, that is one, and the adoption of segwit for cheaper and faster transaction is second. I cannot say how this will unfold in the short or long run, but I really do not see any reason to panic. If MtGox trustee have decided to offload and have been doing that already, then that shows that the market is strong enough to collect it all. Good thing we are having more to hold up for the future.

swscowods

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Quote from: tiar4dewie on March 09, 2018, 05:26:04 AM

Bitcoin is the mother of another coin,
We should be glad that Bitcoin has managed to fight the issues and bad news a few weeks ago. Now is a time of resurrection and indeed this situation is very difficult than ever before. The role of big investors is very important at this time in this regard.

Honestly, I feel we concentrate more on the bad news than the good things that we have been experiencing. A lot of people in the past have always called bitcoin a bubble and if it was really a bubble, scenarios like this should have painted the whole cryptocurrency atmosphere black as bitcoin goes crashing but that is not applicable in this case, and that obviously shows us there is a lot to come.

wuvdoll

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Quote from: talkbitcoin on March 09, 2018, 05:39:07 AM

Quote from: airdagon on March 09, 2018, 02:35:18 AM

https://www.ccn.com/bitcoin-drops-8300-mt-gox-trustee-sell-off-continues-market-drops/

that is just spreading more and more FUD about bitcoin to lower the price since the drop had already started. and these news sites are loving it too!

the fact is this may not even be a true story and a compele hoax! and even if it were true, the guy has been reported to be selling when price was less than $4000 last year and as you can see his alleged sales not only didn't affect the market but also price went up to $20k!

Well, who really care if they wish to lower the price ? The lower it is, the better for some of us who have been waiting for a much lower price anyway. Those who are smart enough to keep accumulating will keep doing and those who are dumb enough to stay out of the picture will give us more time to keep accumulating more for the future. Whatever the case is, at the end of it all, it would not stop bitcoin from getting to where it is meant to be, so they can keep up with their FUD for all we care.

yonjitsu

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Well, i've seen so many FUDs around most especially if bitcoin is dropping its market price a bit. As i see it, that's another FUD on the rack trying to push weak hands to to panic sell that would probably make the situation even worse. It is just a trick for some so that they can buy bitcoin's dip.

raven7886

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Quote from: airdagon on March 09, 2018, 02:35:18 AM

we really need improvement for future benefits.
what to start action from now on? yes, I mean to take off towards the hike again.

https://www.ccn.com/bitcoin-drops-8300-mt-gox-trustee-sell-off-continues-market-drops/

It is a shame that 40,000 bitcoin and 1.x billion dollar is having a huge effect on the value of bitcoin. Yes, we know that the rise last year was actually uncalled for, but it just shows that bitcoin is trying hard to catch up with the selloff not affecting it hugely.

I guess we will need huge news to get the market up hugely in the coming months; otherwise, we will keep having a lot of resistances to deal with. However, looking at the whole thing happening with bitcoin, I feel it is still a good thing for us to have some period of accumulation, because like it or not, we are getting past this soon.

Fuhre

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Quote from: removebeforeflight on March 11, 2018, 04:44:22 AM

Yes. All cryptocurrency would follow Bitcoin trend in fact. Bitcoin is the driving crypto for all altcoins, some altcoins may show positive still when Bitcoin is down is due to the impact may spread a bit slow to others. But definitely Bitcoin would impact every altcoins for sure.

Some times Bitcoin may be down and Ethereum or ripple for example still in positive but it may follow Bitcoin trend at a later stage since the impact may be slow on these coins.

bitcoin must immediately pump the price, so that the positive impact can be impacted to other coins. I have seen a very important role in the world of crypto, IMO if bitcoin performance gradually improves undoubtedly other coins will also be improving (price).

vasrasus

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Quote from: alyssa85 on March 11, 2018, 01:59:11 PM

Quote from: Twentyacoin on March 11, 2018, 04:47:48 AM

Currently you can't buy alts without bc. So that's why their prices are so linked.

Once there more ways to buy alts with fiat, you'll be seeing less of a price dependency

Actually there are loads of alts you can buy with fiat (dollars or euros, or korean won). Ethereum, litecoin, bitcoincash, monero and others can all be bought directly.

More platforms now, allows us to buy them in some physical stores or just through their websites, but we are used in the common way that btc is the main way to bought them, but eth here can be bought in a convenience store easily like btc did.

Dagser

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Everyone learns the game. The crash is needed if you want to earn more, but to crash Bitcoin today one thing is not enough.
We will see more mind games with week hands.

alyssa85

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Quote from: Twentyacoin on March 11, 2018, 04:47:48 AM

Currently you can't buy alts without bc. So that's why their prices are so linked.

Once there more ways to buy alts with fiat, you'll be seeing less of a price dependency

Actually there are loads of alts you can buy with fiat (dollars or euros, or korean won). Ethereum, litecoin, bitcoincash, monero and others can all be bought directly.

pitiflin

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Oh look at this genius discovery! Bravo! Applaud for you, my man.
Your genius discovery would lead to people getting smart and then panic selling would immediately stop thereafter. We all know that bitcoin's price plays a big role in driving the price of alts.

Twentyacoin

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Currently you can't buy alts without bc. So that's why their prices are so linked.

Once there more ways to buy alts with fiat, you'll be seeing less of a price dependency

removebeforeflight

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Yes. All cryptocurrency would follow Bitcoin trend in fact. Bitcoin is the driving crypto for all altcoins, some altcoins may show positive still when Bitcoin is down is due to the impact may spread a bit slow to others. But definitely Bitcoin would impact every altcoins for sure.

Some times Bitcoin may be down and Ethereum or ripple for example still in positive but it may follow Bitcoin trend at a later stage since the impact may be slow on these coins.

arpon11

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Quote from: airdagon on March 09, 2018, 02:35:18 AM

we really need improvement for future benefits.
what to start action from now on? yes, I mean to take off towards the hike again.

https://www.ccn.com/bitcoin-drops-8300-mt-gox-trustee-sell-off-continues-market-drops/

That is why an expert once said "bitcoin can survive without any other coin but no coin can survive without bitcoin. Bitcoin is like a central bank to every other coins and is the face of cryptocurrencies. We should expect this to continue as some of the projects that are coming up have this in mind that there are established to replace bitcoin but most of them became inexistance between just a year.

Slash61

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Bitcoin as the mother of all coins. Everything knows about it. Bitcoin is always used as a measuring instrument to know the spike or decrease in the other Alt. We can see it in coinmarketcap, and I can not imagine what happens to another coin if bitcoin crashes? Bad news is growing damaging the reputation of bitcoin and Alt among investors.

juragane

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Quote from: airdagon on March 09, 2018, 02:35:18 AM

we really need improvement for future benefits.
what to start action from now on? yes, I mean to take off towards the hike again.

https://www.ccn.com/bitcoin-drops-8300-mt-gox-trustee-sell-off-continues-market-drops/

yes you are right now all markets follow bitcoin conditions, if bitcoin is always red like this is likely the market will be destroyed and quiet because there is no good movement to raise the price of bitcoin.

crairezx20

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I think the market price dropped it's because of binance issue and some traders who scam by a fake twitter account.

Mt. Gox is an old story why they make mt gox alive again. I'm sure who holds bitcoin from mt.gox before it should be sold and spread from the buyers.

Bitcoin price these days are dropping, but it doesn't mean that bitcoin will stay at the lower price we are still in 1st quarter of 2018 so it's normal that the price is falling and wait for the other day or weeks you will see that bitcoin will increase again back just like what happened before so guys better to hold your bitcoin and buy more bitcoin to get benefits of the price increase this coming days or weeks.

cindygirl

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While the markets tend to seem as if they follow the price trend of bitcoin I would say it's more that there's a strong correlation. Alt prices do not fall because bitcoin price has fallen, they fall for the same reasons. For example the recent news from the SEC, that has an influence on bitcoin and alts alike.

aardvark15

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Generally most of the altcoins will get pulled in the direction of Bitcoin because Bitcoin is the largest cryptocurrencies and anything that affects it probably has an affect on most other cryptocurrencies.

That could change if one of the altcoins were to increase in value enough to claim the top spot in market cap. At that point, Bitcoin will gradually lose its share to other altcoins.

batang_bitcoin

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Quote from: bocyaj on March 10, 2018, 11:54:32 AM

But now the price of bitcoin is start to increase and reach the value of 9400$.

It's playing around $9,000 - $9,100 as of now but let's give it time.

Quote from: airdagon on March 09, 2018, 02:35:18 AM

we really need improvement for future benefits.

What can you suggest about the improvement? These are the few things I think that bitcoin need mostly are support and adoption. Support means not because the price is going down, you'll think of something that blows to your mind because you are not the only one at loss. Big holders are calmly just watching the charts so stop whining.

airdagon

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Quote from: bocyaj on March 10, 2018, 11:54:32 AM

I agree the price of bitcoin reduce to 8300$ and 2300$ reduce in few hours.
But now the price of bitcoin is start to increase and reach the value of 9400$.
So no need to worry about such things now.
Use both the chance to sell and buy the bitcoin in the market.

actually I am not Bent out of bad shape will happen at bitcoin price, I always believe in pump that will be done bitcoin. IMO looking at the current price, bitcoin will certainly soon improve its performance. if we can take advantage of this situation, we can certainly make a profit.

Topic: all markets follow the bitcoin price trend (Read 329 times)