Topic: Alt coin are waiting for movement of Bitcoin. (Read 227 times)
Unfortunately for us, Bitcoin keeps going down in price. It is presently at 6000 dollars, and with the recent market trend, it won't be surprising to see it go beyond that. I strongly believe that most of thest altcoins are only following the trend of bitcoin and will do better when bitcoin finally becomes stable and goes back up.
On current market situation we can see that btc on down trend. But if you compare other alt coin with Bitcoin, then you can see that alt coin are not much down trend. I think alt coin are waiting for Bitcoin movement. If Bitcoin not recover within next week, then alt coin will start follow Bitcoin. In my opinion if Bitcoin become below 7K then alt coin will follow Bitcoin on down trends. I think Bitcoin will not become less then 7K in this bearish trends. What you think ?
Unfortunately we are facing less than $6,000 right now, and nobody knows is it the end or it would be going even lower. So any predictions in the cryptocurrency market has the chance to be false.
I believe that bitcoin is still in an uptrend. it seems not to fall the beginning of 2018, is more expensive than in 2017. accordingly, in this period, Altcoins can grow with varying success. I believe that many people forget about it, and that makes them less believe in the technology. While this is entirely their fault.
Yes, that is the usual case wherein Altcoin will always follow the market trend of btc since they are correlated with the other. BTC and Altcoins are most likely directly proportional with each other, if btc goes up the same way to altcoins and vise versa. Altcoins seems to be dependent on btc market and that is a fact and we have to face it since it's just the way it is. I hope in the coming weeks, btc will be able to recover and many investors would be able
I support that believe that alternative cryptocurrencies are somehow bind with the price of Bitcoin, so when it is down all of them are following it. This is not logic but it is true.
There is a big corellation between bitcoin prices and other alts, but it also depends on the cryptocurrencies capitalization. I think alts wait not only for the bitcoin growth, but for the capitalization increase.
news are all over bitcoin and how bullish the speculators are in 2019, despite of that, crypto market is still in sideways and bearish. something is happening I think.
Alts tend to fund Bitcoin runs and Bitcoin tends to fund alt runs. Given this relationship, Bitcoin price movements (or lack thereof) will always effect altcoin prices.
On current market situation we can see that btc on down trend. But if you compare other alt coin with Bitcoin, then you can see that alt coin are not much down trend.
I don't understand why you are saying that bitcoin is down more than other coins. I looked at the 7-day charts of btc, eth, bch and eos. They all look very alike to me with the main price fluctuations being the same. For example, they all had a significant price dip on the 24th of June. Then they want up to the price which was right before that dip and while btc, bch and eos were relatively stable with a light recent downward tendency, ethereum went down a bit more and faster. I don't think that altcoins are waiting. It all happens almost simultaneously. People here bad news about btc -> some start selling btc -> others panic that the market is dying and sell a lot for fiat and some for btc -> bitcoin's dominance increases. the price of altcoins is depends on the price of bitcoin in US dollar terms
and i think not all alt, because when we see in this link https://coinmarketcap.com/gainers-losers
there is a lot of altcoin rising when bitcoin down
I think you are talking about Ucash. I have noticed in the past time that when the bitcoin price decreased, Ucash increased a lot. We can wait for bitcoin and buy Ucash. Then wait for bitcoin prices to fall and sell Ucash to make a profitand i think not all alt, because when we see in this link https://coinmarketcap.com/gainers-losers
there is a lot of altcoin rising when bitcoin down
Yeah, I also think that bitcoin can be a driver which are able to reverse the current bearish market tendency. Just imagine which hype will be around. People remember that BTC was 20000$ not so long ago. Much of new amateurs will want to make easy money with new a uptrend.
We need to catch the moment of begining a new uptrend to buy BTC on the lowest price.
We need to catch the moment of begining a new uptrend to buy BTC on the lowest price.
There are many professional trader in my area have the predict that BTC will have the bottom around of $5k5 and the time will be on mid of July after that, BTC will increase and break down trend.
Hopefully they might be correct and seeing btc rise again from dip. I may not to expect such huge fall reaching into $5k, but I may sure that it will make some pumps mostly probably x2 from the current price today. It is totally a big day for everyone.
Bro everything is in downtrend.
We're all waiting for a big up movement. I hope this will happen in next few months.
let's see what the future holds for us.
We're all waiting for a big up movement. I hope this will happen in next few months.
let's see what the future holds for us.
This was posted a month ago predicating that btc will not go below 7k.
and here we are just recovering from it going down to $5800.
I remember last november when btc finally broke 5k, everyone saw it as a huge achievement and applauding each other.
There was this feeling of comraderie that btc has proven it's value.
Now, 8 months later, everyone is all doom and gloom.
I wonder if people's attitude will change or if it will take a major pump for people to change their view.
The volatility of btc is crazy, but I'm used to it.
Realistically, I will not hold on to it forever, but I do see one or two more bull runs ahead and am always positive.
(although, it does get depressing at times).
and here we are just recovering from it going down to $5800.
I remember last november when btc finally broke 5k, everyone saw it as a huge achievement and applauding each other.
There was this feeling of comraderie that btc has proven it's value.
Now, 8 months later, everyone is all doom and gloom.
I wonder if people's attitude will change or if it will take a major pump for people to change their view.
The volatility of btc is crazy, but I'm used to it.
Realistically, I will not hold on to it forever, but I do see one or two more bull runs ahead and am always positive.
(although, it does get depressing at times).
On current market situation we can see that btc on down trend. But if you compare other alt coin with Bitcoin, then you can see that alt coin are not much down trend. I think alt coin are waiting for Bitcoin movement. If Bitcoin not recover within next week, then alt coin will start follow Bitcoin. In my opinion if Bitcoin become below 7K then alt coin will follow Bitcoin on down trends. I think Bitcoin will not become less then 7K in this bearish trends. What you think ?
It was always like that, altcoins always follow bitcoin. They can overtake it in growth or drop stronger than bitcoin, but anyway, all cryptocurrencies repeat the movements of bitcoin. There are exceptions, but this is only for some good news on a particular coin.Not only because they have pairs with bitcoin. The fact that bitcoin is the genesis for blockchain effects the whole market. Let me try to visualize... bitcoin is gold of internet, right? Since it is a material, a golden crown would fluctuate in value when gold does. I don't know the name of this effect but I'm almost sure there is a name for that. Any economy students or experts that might give it a name?
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More info here:
https://bitcointalksearch.org/topic/m.23913134
There are many professional trader in my area have the predict that BTC will have the bottom around of $5k5 and the time will be on mid of July after that, BTC will increase and break down trend.
Not only because they have pairs with bitcoin. The fact that bitcoin is the genesis for blockchain effects the whole market. Let me try to visualize... bitcoin is gold of internet, right? Since it is a material, a golden crown would fluctuate in value when gold does
At this time, BTC still have much effect on the market, we can see BTC chart is exactly the same with the market cap,but no longer people will realize the true value of BTC and it will be replaced, i think so
only a portion of alt alone follows the bearish trend like this bitcoin. there may be some alt that do not follow the movement of bitcoin. the logic is like this, if all alt follow the bitcoin price movement, then there will be no alt which is rising or stable for now.
Not only because they have pairs with bitcoin. The fact that bitcoin is the genesis for blockchain effects the whole market. Let me try to visualize... bitcoin is gold of internet, right? Since it is a material, a golden crown would fluctuate in value when gold does
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