Alt coins better or stable during bitcoin lot of movement

donadoni212

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Quote from: imdad123 on October 11, 2019, 10:33:26 PM

it is noted last eight to nine months that bitcoin is not stable.bitcoins movement is very uncertain due to this altcoin are very badly affected.So it is necessary to predict movement of bitcoin to avoid unnecessary loss in altcoins.

It is note able that almost all altcoins are now 80%to 90% negative from their all time high due to this happen only bitcoin uncertainty.
Now this is not clear what happen to next on bitcoin near future because bitcions dominance is increasing and altcoin crasing.So becareful if you holding any atcons for long term investment ...

yes, of course, the value of altcoin also changes because the value of bitcoin is a reference of the value of altcoin. To be honest, the best coins to invest are the top coins.

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Quote from: imdad123 on October 11, 2019, 10:33:26 PM

Now this is not clear what happen to next on bitcoin near future because bitcoins dominance is increasing and altcoin crashing.

It's pretty clear.

BTC as it exists today will become the 'banker currency' as transactions are forced onto regulated custodial nodes on L2.

This will cause a backlash which will see the rise of altcoins that have the ability to handle scaling on-chain using non-custodial mining nodes the way Bitcoin was originally designed.

gandame

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Not all altcoins are getting better or stable during the movement because in own search one bitcoin goes up some altcoins are getting down and some are going up.
It depends in situation not all altcoins are being stable if someone manipulate the price maybe the price will be stable.

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Quote from: Wintersoldier on October 15, 2019, 01:09:53 PM

Well, it depends, basically the reason why altcoins are getting better before is because the investors are buying bitcoins in order to pay a project in return of their respective coins. That is the reason why altcoins are somehow shows the same trend to bitcoin before. Bu right now, we can say that altcoins would be stable as the market hypes from ICO's isn't worthy at all unlike in 2017.

Of course, you need to agree with your opinion, but first of all, you need to analyze the cryptocurrency market and determine the statistics of really high-quality and promising altcoins so that their value is real and not created due to the manipulation of speculators.

Wintersoldier

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Well, it depends, basically the reason why altcoins are getting better before is because the investors are buying bitcoins in order to pay a project in return of their respective coins. That is the reason why altcoins are somehow shows the same trend to bitcoin before. Bu right now, we can say that altcoins would be stable as the market hypes from ICO's isn't worthy at all unlike in 2017.

mohdk52

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Altcoins are not the best way to make money, but as a way to store funds-a good one

Sadlife

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Quote from: ILuckyGuyI on October 13, 2019, 03:13:50 PM

Altcoin movement is not directly related to Bitcoin's movements. We have seen many examples as a proof.

can you give us even one proof that you have said Many examples?because it seems that i have not know about those because what i believe that bitcoin is the major factor on what is the market stands,if to grow or to fall

Quote

Also there are so many altcoins in the market and huge amount of them are useless.

this is what i think is must be deleted those altcoins and token that has no total value and almost dead.we have so many of them and you are right they are useless

Murat

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Altcoin is following always the footstep of Bitcoin price and trend, When (in 2017) the price of Bitcoin got high then also most of the altcoins got the same way, lots of Altcoins price were so high and the same thing we've seen in recent time that with the fall of Bitcoin price then Altcoins are also falling down, I think there is something within this system, it can be an intentional manipulation or price controlling syndicate and any other group who are the main responsible to make this situation, Definitely, Bitcoin price is being changed by the activities of some people's who are intentionally working behind this stage, So it's a tricky game, market is obviously making some sense.

d3nz

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Quote from: GreatArkansas on October 11, 2019, 11:07:42 PM

I remember again my experienced before if I can see some topic like this.

Since before, my portfolio are almost 70% altcoins and 30% Bitcoins.
See that allocation? And as we saw the lost of most altcoins are almost 70-90% lost. That was my worst days and months, and I felt relieved when I starting to convert some of my altcoins to Bitcoin in LOST. Well, tough decision but it's okay.

As you can see the prices of all altcoins are in huge loss and Bitcoin is still dominating in terms of price increase and difference between the volume. And some other altcoins that are in top 100 are worth to invest but if the value of Bitcoin is decreasing then it also follow up by altcoins which is realy affecting their value.

I think it is good to buy usdt than altcoins so the value will not br affected by down trend.

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Quote from: imdad123 on October 11, 2019, 10:33:26 PM

it is noted last eight to nine months that bitcoin is not stable.bitcoins movement is very uncertain due to this altcoin are very badly affected.So it is necessary to predict movement of bitcoin to avoid unnecessary loss in altcoins.

It is note able that almost all altcoins are now 80%to 90% negative from their all time high due to this happen only bitcoin uncertainty.
Now this is not clear what happen to next on bitcoin near future because bitcions dominance is increasing and altcoin crasing.So becareful if you holding any atcons for long term investment ...

This shouldn't be a surprise, look at what happened in 2008-2009 in the Stock market crashes, Ford stock dropped all the way down to $1.47 at one point. does that mean it's a terrible company? were they running it terribly?

The Answer: Nope! they didn't need any bailouts and the only real reason was fear around the world and the big credit crunches as people needed money and the deflation that was happening at the time.

It's normal for markets to move up and for markets to move down. Of course Crypto is more extreme in it's swings but it's a new asset/currency class so swings in either direction will be more pronounced.

Don't invest more than you can afford to lose or you can do without for a long period of time decided on well in advance of investing.

I do feel that there is hope in the future in late 2020 into 2021 for Crypto to have it's next bull run.

febriyana

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Altcoin price is like really hard to increased.
There is maybe some problem with altcoin, there is many project created and going to scam. That is make some people is not confidence to invest more in altcoin, they move to the Bitcoin as main currency.
But to hold Bitcoin is need strong mentality, maybe people also fear the price is stuck not going anywhere except turn down, so many people selling their Bitcoin. There is also supported with bad news. So the happen is like now.
I only recommended to still believe what you think, i still hold some bitcoin and altcoin. Hope they recover soon!

Leyss

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So far, the situation with the price of altcoins is very bad. However, I do not think that it will last long. If Bitcoin by the end of this year does not significantly increase in price and the expectation of many does not materialize, a reverse reaction may occur. Bitcoin may lose value and people will start investing in promising altcoins. It is impossible to deny the fact that altcoins continue to develop. Sooner or later, this will certainly affect their price. Therefore, I do not think that now we need to get rid of our altcoins. Their time is sure to come.

maxreish

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You can't blame the altcoin holders. Everytime bitcoin drops, their diversified portfolio also dropped. Blaming it all, pointing their fingers to bitcoin which I strongly disagree. They are not all worth to buy in the first place. Altcoins seems to go at dip when the market suffers from bear and they hardly pump or recover. Not realizing that majority sells their shitcoins that can affect coin's price. That's the reality situation of altcoins.

Yeah, they are also controlled by a pump and dump group. We should be aware that such group exists. I will not judge all the altcoins presents in the crypto market because there are still altcoins that has an established name, has a potential activity and has a useful contribution to the crypto community. But investors, take time to select the best altcoins to invest.

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Quote from: Rufsilf on October 13, 2019, 05:33:19 PM

Quote from: Oceat on October 13, 2019, 03:47:19 PM

Bitcoin has nothing to do with altcoins, most of them are basically following what's the trend of Bitcoin that's why some of those coins drop their prices. It is the weak-handed people that you might have to blame since they are the ones who dump their Bitcoin instead of holding. And for those who have a lot of patience for holding Bitcoin, they were the ones that will receive the given profit during bull run.

Bitcoin can uplift altcoin's situation, it doesn't mean that all of them but only those who have potential. Leaving into the sentiment that Bitcoin is still struggling at dip condition, we can't say that altcoin could go far beyond bitcoin but rather to stay the same at low. But not to mention what will happen to the low-zero valued altcoins, they'll be totally dead at all.

Even though we could think that no big pumps happen this year but I'll be sticking into bitcoin until then. Keep waiting is the only way to save from losing but gain later.

That's why people should extend their patience level to HODL instead of dropping them off because they don't feel the sentiments on 2017 pump. We are way too close to that path let's just wait to finish this Q4 and at the start of Q1 next year there will be a good surprises that we are all expected.

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Quote from: timerland on October 13, 2019, 03:20:37 PM

Quote from: royalfestus on October 13, 2019, 02:32:21 PM

Quote from: Anonylz on October 13, 2019, 12:07:00 PM

At this point the attention is shifted to btc, investors feel more confident about hodling btc than alts during this period, but I think it is equally good to hodl alts that has no btc pairs but only usd in the main time for stability, these alts don't suffer much even when btc is experiencing a heavy fall in price. Just a thought.

I wish most altcoins move into usdt pair and dump the BTC pair until market revives, the dump of altcoin for btc was a big factor in price dump this year and the sentiment spread among traders. Recently binance adopted this tokenomics with some of its new listed coins,which is believed to improve the price as trade volume increases and project technology improves.

That wouldn't help that much to be honest, and I don't think traders would do that because most altcoin traders have gone from trading altcoins to just holding a lot of BTC, because of how bad the market is.

Before, altcoins would follow BTC's price movements (think 2017-early 2018) but nowadays there's no correlation due to how much bitcoin dominance is there.

There is no reason to support your opinion that it wont help. Traders may not like it but every good traders will adopt a working process any time. Altcoin has come to stay and we need to build a system that will make it work, if everyone decides to hold their bitcoin, the altcoin maximalist should do something at least to give their investors profit. It may take time but altcoin will at a time need to build an economic system that wont keep them relevant/useful. The idea is use case and good tokenomics.

Herbert2020

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I think bitcoin dominance is increasing because it has approached halving bitcoin. and you have to look at a graph that happened a few years ago before and after halving. many predictions about bitcoin are to the month after halving. due to a 50% reduction in mining rewards. so we can be sure the bitcoin stock becomes scarce.

bitcoin dominance is not rising it has always been high. the thing you are referring to has nothing to do with dominance and it was only a percentage that showed the level of bitcoin supply compared to the total supply of about 3000 shitcoins. as a lot of shitcoins died over the past year and the rest of them lost major percentage of their prices and remained that way, that percentage which you refer to as dominance grew.

Leonardo7

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If bitcoin moves up, altcoin suffers, if it moves down, altcoins suffer. Bitcoin determines the direction of this market, it's the leader of cryptocurrency. Altcoin is best traded when bitcoin price seems stable because traders would have been relaxed this time and focus on what can be gained from altcoins.

nasipadang

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Quote from: imdad123 on October 11, 2019, 10:33:26 PM

it is noted last eight to nine months that bitcoin is not stable.bitcoins movement is very uncertain due to this altcoin are very badly affected.So it is necessary to predict movement of bitcoin to avoid unnecessary loss in altcoins.

It is note able that almost all altcoins are now 80%to 90% negative from their all time high due to this happen only bitcoin uncertainty.
Now this is not clear what happen to next on bitcoin near future because bitcions dominance is increasing and altcoin crasing.So becareful if you holding any atcons for long term investment ...

Maybe you mean because the dominance of bitcoin is more than 70% in the market, the market is dominance by bitcoin so there is not much volume of altcoin transactions compared to last month or year, maybe because of the 2020 halving prediction. You are right, for now altcoin holders should be careful because the market is increasingly quiet in altcoin, hopefully greater community adoption after halving, and suggestions for altcoin holders to diversify.

Anonylz

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Quote from: fiulpro on October 13, 2019, 01:51:52 PM

Unfortunately that might be true for a couple of altcoins but you should understand that which altcoin will go up is something that cannot be predicted , therefore you would have to invest in 100's to actually find the one that is gaining pace and getting stable during the time of recession.
This is unpredictable and also at the same time the gains are temporary.
Therefore even though everyone know this is true, most people try not to invest in it.

That won't be necessary besides you can't afford to spend so much money on different worthless alts on the hope that one out of them will pump when the time comes, even though it is not easy to determine which alts will raise in price, to me I will look out for those alts that really has utility, something to offer or a use case, no matter how tiny it is, rather buying hundreds of alts that may not worth anything at the end.

Rufsilf

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Quote from: Oceat on October 13, 2019, 03:47:19 PM

Bitcoin has nothing to do with altcoins, most of them are basically following what's the trend of Bitcoin that's why some of those coins drop their prices. It is the weak-handed people that you might have to blame since they are the ones who dump their Bitcoin instead of holding. And for those who have a lot of patience for holding Bitcoin, they were the ones that will receive the given profit during bull run.

Bitcoin can uplift altcoin's situation, it doesn't mean that all of them but only those who have potential. Leaving into the sentiment that Bitcoin is still struggling at dip condition, we can't say that altcoin could go far beyond bitcoin but rather to stay the same at low. But not to mention what will happen to the low-zero valued altcoins, they'll be totally dead at all.

Even though we could think that no big pumps happen this year but I'll be sticking into bitcoin until then. Keep waiting is the only way to save from losing but gain later.

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Quote from: bhabygrim on October 13, 2019, 03:38:10 PM

Quote from: imdad123 on October 11, 2019, 10:33:26 PM

it is noted last eight to nine months that bitcoin is not stable.bitcoins movement is very uncertain due to this altcoin are very badly affected.So it is necessary to predict movement of bitcoin to avoid unnecessary loss in altcoins.

It is note able that almost all altcoins are now 80%to 90% negative from their all time high due to this happen only bitcoin uncertainty.
Now this is not clear what happen to next on bitcoin near future because bitcions dominance is increasing and altcoin crasing.So becareful if you holding any atcons for long term investment ...

For sure not all of the alt-coin is a bad investment for the long run.
There are still who could come up and follow the market surely most of the alt-coin drops down,
But we have seen them rise up just like Bitcoin and they are also surviving so we couldn't tell for sure that it would be bad for a long term hold.

It's just that many altcoins are not well adapted by the market. There are only a few altcoins in the market that are well maintained and being traded simultaneously.
If I'm I will choose between altcoins I'll choose the top 100 altcoins because of the competition for titles. Prices of altcoins can possibly move when bitcoin hits a hard pump, Their value might go down and up as well.

Oceat

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Bitcoin has nothing to do with altcoins, most of them are basically following what's the trend of Bitcoin that's why some of those coins drop their prices. It is the weak-handed people that you might have to blame since they are the ones who dump their Bitcoin instead of holding. And for those who have a lot of patience for holding Bitcoin, they were the ones that will receive the given profit during bull run.

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Quote from: imdad123 on October 11, 2019, 10:33:26 PM

it is noted last eight to nine months that bitcoin is not stable.bitcoins movement is very uncertain due to this altcoin are very badly affected.So it is necessary to predict movement of bitcoin to avoid unnecessary loss in altcoins.

It is note able that almost all altcoins are now 80%to 90% negative from their all time high due to this happen only bitcoin uncertainty.
Now this is not clear what happen to next on bitcoin near future because bitcions dominance is increasing and altcoin crasing.So becareful if you holding any atcons for long term investment ...

For sure not all of the alt-coin is a bad investment for the long run.
There are still who could come up and follow the market surely most of the alt-coin drops down,
But we have seen them rise up just like Bitcoin and they are also surviving so we couldn't tell for sure that it would be bad for a long term hold.

timerland

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Quote from: royalfestus on October 13, 2019, 02:32:21 PM

Quote from: Anonylz on October 13, 2019, 12:07:00 PM

At this point the attention is shifted to btc, investors feel more confident about hodling btc than alts during this period, but I think it is equally good to hodl alts that has no btc pairs but only usd in the main time for stability, these alts don't suffer much even when btc is experiencing a heavy fall in price. Just a thought.

I wish most altcoins move into usdt pair and dump the BTC pair until market revives, the dump of altcoin for btc was a big factor in price dump this year and the sentiment spread among traders. Recently binance adopted this tokenomics with some of its new listed coins,which is believed to improve the price as trade volume increases and project technology improves.

That wouldn't help that much to be honest, and I don't think traders would do that because most altcoin traders have gone from trading altcoins to just holding a lot of BTC, because of how bad the market is.

Before, altcoins would follow BTC's price movements (think 2017-early 2018) but nowadays there's no correlation due to how much bitcoin dominance is there.

ILuckyGuyI

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Altcoin movement is not directly related to Bitcoin's movements. We have seen many examples as a proof. Also there are so many altcoins in the market and huge amount of them are useless.

royalfestus

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Quote from: Anonylz on October 13, 2019, 12:07:00 PM

At this point the attention is shifted to btc, investors feel more confident about hodling btc than alts during this period, but I think it is equally good to hodl alts that has no btc pairs but only usd in the main time for stability, these alts don't suffer much even when btc is experiencing a heavy fall in price. Just a thought.

I wish most altcoins move into usdt pair and dump the BTC pair until market revives, the dump of altcoin for btc was a big factor in price dump this year and the sentiment spread among traders. Recently binance adopted this tokenomics with some of its new listed coins,which is believed to improve the price as trade volume increases and project technology improves.

fiulpro

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Unfortunately that might be true for a couple of altcoins but you should understand that which altcoin will go up is something that cannot be predicted , therefore you would have to invest in 100's to actually find the one that is gaining pace and getting stable during the time of recession.
This is unpredictable and also at the same time the gains are temporary.
Therefore even though everyone know this is true, most people try not to invest in it.

JohnBitCo

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Quote from: Herbert2020 on October 11, 2019, 10:49:09 PM

stop blaming bitcoin for the failure of shitcoins.

altcoins are down 80% to 99% because they are pump and dump schemes that have been pumped before and went into unrealistic prices and now that they have lost 99% of that ATH they are starting to get closer to their realistic prices.
it has nothing to do with bitcoin and it being volatile.

So you are saying that these prices of altcoins will remain more or less the same for the rest of the months and years ? No, this is no the case. When crypto will be a 1 trillion dollar market, any dump in the bitcoin price will make the altcoins pump like before as the money will move into the alts. In 2017 end and early 2018, we saw altcoin pumped only because of the high marketcap and bitcoin losing the dominance. The same thing can happen again and it can make the shitcoins pump also.

Anonylz

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At this point the attention is shifted to btc, investors feel more confident about hodling btc than alts during this period, but I think it is equally good to hodl alts that has no btc pairs but only usd in the main time for stability, these alts don't suffer much even when btc is experiencing a heavy fall in price. Just a thought.

Sebas.tian

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Seeing the altcoins crashing farther down compared to Bitcoin show the meaning of pump and dump. Those who believed altcoins should rethink about the type of portfolios they are holding, I have hold some altcoins for a very longtime and lost out of the market because of the pump and dump that happened after be listed. Categorically, whatsoever that's happening to altcoins shouldn't be seen as the cause of Bitcoin.

shield132

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At the moment bitcoin's price is stable between 8000-13000 usd, well, maybe this lenght is far from logic but at least price plays between these numbers.
You stated that we have to predict bitcoin's price in order to avoid loss in altcoins but how? By predicting bitcoin's price, not only that but we also benefit from trading.
Btw I have no idea why to blame bitcoin for altcoins, it's like blaming your failure because of other's success. Bitcoin has it's pros that makes it leader and 99% of altcoins are far from it. The real great ones are ethereum, monero and grin.

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Quote from: timerland on October 11, 2019, 10:44:02 PM

I reckon it's due to the risking Bitcoin dominance.

During the 2017 boom and drop we saw altcoins follow heavily based on the market, if BTC went up altcoins had to go up, and vice versa. That was when the market was fairly spread out between crypto-currencies.

Nowadays, people are only putting money in Bitcoin and therefore Bitcoin dominance is at all time high, and the altcoin markets are almost a separate thing.

Yeah, this seems to be true. Back in the days, the correlation was really the case. Moreover, not only altcoins followed the stronger coins, but also vice versa. I'm not talking about Bitcoin, but I am talking about the second best thing (Ethereum). Ethereum used to be fueled by tokens on newly finished ICOs on its platform, but now I don't even hear about ICOs much, whereas Ethereum is not doing great, but it's also not doing as bad as smaller alts.
But Bitcoin is not to blame here, other coins just really turned out to be disappointing.

teosanru

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Quote from: imdad123 on October 11, 2019, 10:33:26 PM

it is noted last eight to nine months that bitcoin is not stable.bitcoins movement is very uncertain due to this altcoin are very badly affected.So it is necessary to predict movement of bitcoin to avoid unnecessary loss in altcoins.

It is note able that almost all altcoins are now 80%to 90% negative from their all time high due to this happen only bitcoin uncertainty.
Now this is not clear what happen to next on bitcoin near future because bitcions dominance is increasing and altcoin crasing.So becareful if you holding any atcons for long term investment ...

Yes i think Altcoins are the ones hurted the most during whole this scenario. You see whenever there is a pump in market the satoshi value of alts come down while whenever there is a dump in market then also alts go rekt. So in both cases alt don't get any relief from the makret unless btc is absolutely stable and one or two coins are mooning everyday still I won't advise anyone to invest in alts in these times.

taiwww

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History has told us that when ever bitcoin shows lot of movements, altcoins move too. In the period when bitcoin fell by 80-85%, the condition of altcoins was even worse. Some of the altcoin even fell by 90-95%. Bitcoin is always the king of crypto world.

Apes

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holding alt coins completely awry, when the bitcoin market is pumping a lot of alt holders instead swapping their coins into bitcoin for gaining profit, and when alt prices fall they sell it. both of these conditions actually make worsen the alt market.
so in both these conditions alt users must be observant to see market movements in order to continue to make a profit even when the worst moment.

Reid

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I have already sold a lot of them when I saw the crash coming although I still kept some of them which I think will have a great future.
Yes, they are badly affected and no one can stop what already happened.

What we could do now is support those legitimate ones and maybe nourish them with new investors to buy the certain coin.
Bitcoin had been the main currency in the crypto industry and having it should be mandatory to keep profits from coming instead of just losses from altcoins.

asus09

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Much lost is from altcoin and bicoin look stable coin, but with much lost on altcoin we can get much profit because altcoin price can increase higher than we use investing with bitcoin, many people like for investing with altcoin than bitcoin because some of them have little money for investing but can get enough profit, maybe if using bitcoin have ready much money to get much profit or we can't get anything if do not have much money with bitcoin investment.

bounceback

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I can't predict correctly if the price of bitcoin goes up, can other altcoins also go up or be stable as usual, but if we see it now and last month if bitcoin goes up in price and some other altcoins will also go up as we see now with ethereum (ETH) if bitcoin prices go up then ethereum prices also go up, we can say bitcoin is the only coin that affects other altcoins.

error08

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Since bitcoin is the main coin, no wonder if altcoins following the bitcoin market. People tend to buy altcoins during bitcoin bull runs due to cheaper price to gain profits, if bitcoin in the bear phase, ther is no reason to keep money in altcoins hence altcoins loses most of the value. Nevertheless, some altcoins really have advantages compared to bitcoin in terms of scalability, anonymity, etc, which can be consider the reasons for those coins to rise up again following bitcoin.

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I don't think bitcoin is to blame for the poor performance of altcoins. Alts may be priced in satoshis or in bitcoins but during normal market conditions, the interest of the people is what drives the prices up or down, with bitcoin not affecting any of those movements. While I agree that during bull runs most of the funds are pouring to bitcoin and not alts, we still see an increase in most of the alts despite their side of the market being dead or dormant at the time being, primarily because some people are still doing trades independent of what's happening with bitcoin.

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The memory of 2018 bearish still remains intact and fresh on people's minds. The only save-heaven is Bitcoin and most altcoins that could not withstand the bear market have perished. The only alternative that can surge quickly when experienced any dip is BTC

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Quote from: imdad123 on October 11, 2019, 10:33:26 PM

Now this is not clear what happen to next on bitcoin near future because bitcions dominance is increasing and altcoin crasing.So becareful if you holding any atcons for long term investment ...

I believe we don't have to worry if we are holding coins on one of those top 10 altcoin especially ETH. They maybe in a blood bath now but just wait and you'll see that this are just a good opportunity to buy altcoins and it is given that we should do our own thorough research once we wanted to invest in altcoin, and with a good development team strong community business alliance and partners, I think it is ok to hold these altcoin for a long term investment.

Genemind

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It happened before so I don't see anything to doubt about. Some altcoins now are freezing but most of them will rise up when bitcoin recovers again especially those who are following the movement of BTC. Bitcoin has a big impact on the prices of altcoins but some altcoins don't have potential to attract investors so Bitcoin has nothing to do with it. If an altcoin has potential, it will surely recover when the market situation gets better.

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Quote from: Herbert2020 on October 11, 2019, 10:49:09 PM

stop blaming bitcoin for the failure of shitcoins.

altcoins are down 80% to 99% because they are pump and dump schemes that have been pumped before and went into unrealistic prices and now that they have lost 99% of that ATH they are starting to get closer to their realistic prices.
it has nothing to do with bitcoin and it being volatile.

I slightly disagree. Altcoin follows the movement of Bitcoin because almost all altcoins price are based on satoshi and not USD, people know that. If Bitcoin were to decrease in price, altcoins will follow (at least most of them), regardless of their development. Just look at Monero and Ethereum. They are altcoins that has actual use but still didn't survive the dumping phase.

You are right about most altcoins being dump because they are shit but you are wrong about Bitcoins price and it's volatility having nothing to do with other altcoins price at some point. If you look at the market history, you can see that most, if not every, altcoin follows Bitcoins movements. Altcoin still depends on Bitcoins price.

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Quote from: Immakillya on October 12, 2019, 07:28:44 AM

That's normal. It's because all the volume of money goes to Bitcoin which came from altcoins market. Same thing also when altcoins are moving up Bitcoin is goes down. It's vice versa. We rarely see Bitcoin and altcoins moving up together because they're against each other. One thing often see when the overall marketcap of the cryptocurrency market goes down, Bitcoin and altcoins are both going down. That's how the cryptocurrency market behaves.

But have you noticed that once Bitcoin pumps, altcoins rise also? I hope you don't miss it.
This is to remind everyone that altcoins still dependent on bitcoin's development and the whole crypto market. If we could see that altcoins is still dumped today it is just because of Bitcoin still down.

Immakillya

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That's normal. It's because all the volume of money goes to Bitcoin which came from altcoins market. Same thing also when altcoins are moving up Bitcoin is goes down. It's vice versa. We rarely see Bitcoin and altcoins moving up together because they're against each other. One thing often see when the overall marketcap of the cryptocurrency market goes down, Bitcoin and altcoins are both going down. That's how the cryptocurrency market behaves.

CryptoBry

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Quote from: timerland on October 11, 2019, 10:44:02 PM

I reckon it's due to the risking Bitcoin dominance. During the 2017 boom and drop we saw altcoins follow heavily based on the market, if BTC went up altcoins had to go up, and vice versa. That was when the market was fairly spread out between crypto-currencies. Nowadays, people are only putting money in Bitcoin and therefore Bitcoin dominance is at all time high, and the altcoin markets are almost a separate thing.

The pendulum is now shifting heavily in favor of Bitcoin as we can see the dominance of it eating the percentage that altcoins commanded months ago. I guess this is quite a telltale sign that people are getting tired of many projects on the world of cryptocurrency that are not actually performing well as expected. Now, coupled with all the scams, frauds and failures we all experienced, the sentiment and confidence plastered to many altcoins are eroding fast.

Looking long-term, this unbalanced situation is, of course, not good for alts and come the Bitcoin halving in 2020 there is a bigger possibility that they can still be left behind except maybe the top 5 or even the top 10 alts. As of now, we don't know when the market movement can be shifting back to alts but I know that it will only happen if we can inspire more trust and confidence with them.

imdad123

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Quote from: Willitivity on October 12, 2019, 05:26:16 AM

Altcoins dump alot when compared to Bitcoin When Bitcoin dumps, Altcoins dump further losing both BTC and USD values. In my own experience, I have had an alt go from $0.015 to just $0.0005 in just a short period of time and with Bitcoin not going down very much. Most projects die and the shitcoin they left behind just dump to hell.

yes you are right

Willitivity

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Altcoins dump alot when compared to Bitcoin When Bitcoin dumps, Altcoins dump further losing both BTC and USD values. In my own experience, I have had an alt go from $0.015 to just $0.0005 in just a short period of time and with Bitcoin not going down very much. Most projects die and the shitcoin they left behind just dump to hell.

CarnagexD

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Quote from: imdad123 on October 11, 2019, 10:33:26 PM

it is noted last eight to nine months that bitcoin is not stable.bitcoins movement is very uncertain due to this altcoin are very badly affected.So it is necessary to predict movement of bitcoin to avoid unnecessary loss in altcoins.

It is note able that almost all altcoins are now 80%to 90% negative from their all time high due to this happen only bitcoin uncertainty.
Now this is not clear what happen to next on bitcoin near future because bitcions dominance is increasing and altcoin crasing.So becareful if you holding any atcons for long term investment ...

At the first place we all know that bitcoin is very volatile that's why you can see the changing price in the market. There is nothing worry to hold altcoins especially if you hold good altcoin just like ripple, ethereum and binance coin. Even bitcoin have strong dominance there still a future for other cryptocurrencies. Just do not panic if you hold altcoins but make you invested in top rank altcoins.

senne

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After 2018 bearish cycle, people have shifted largely towards bitcoin as a safe investment compared to altcoins as many coins died during the bear cycle. Before that, altcoins used to follow BTC price movement largely. But now even after massive price change in Bitcoin, altcoins more or less stay the same. The BTC dominance is increasing day by day. The altcoin volume is pretty less where top 10 coins have the majority percentage. Though altcoins still follow BTC but not that effectively anymore.

riyadmozu19

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obviously bitcoin is better than altcoin If anyone invests in altcoin then there have chances to lose their 90% asset but if anyone invests in bitcoin then there have chance to lose their only 10 to 50%. So according to me, bitcoin is best Wink

sunsilk

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Quote from: imdad123 on October 11, 2019, 10:33:26 PM

it is noted last eight to nine months that bitcoin is not stable.bitcoins movement is very uncertain due to this altcoin are very badly affected.So it is necessary to predict movement of bitcoin to avoid unnecessary loss in altcoins.

When did bitcoin became stable? it doesn't have that kind of predicted or stable value. And this will continue no matter what the market situation is, it will fluctuate. You can predict base on your analysis to stop or avoid further losses but one characteristic of it is being unpredictable.

Quote from: imdad123 on October 11, 2019, 10:33:26 PM

It is note able that almost all altcoins are now 80%to 90% negative from their all time high due to this happen only bitcoin uncertainty.

Please move on. All time highs don't stay that much, let's get into the current status of the market.

Quote from: imdad123 on October 11, 2019, 10:33:26 PM

Now this is not clear what happen to next on bitcoin near future because bitcions dominance is increasing and altcoin crasing.So becareful if you holding any atcons for long term investment ...

This is the problem if your portfolio mostly consists of altcoins and you only have a very small part for bitcoin.

shoreno

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Quote from: ivakar on October 12, 2019, 03:53:13 AM

disagree here. bitcoin is better and more stable then altcoins

agree on you . bitcoin is better and also stable a little bit but only on this past two months because before bitcoin did do alot of fluctuations and sooner i expect that itll happen again .

on the other hand altcoins are the ones that are stable .

once they decline , they stay on there and once they recovered or pump they also stay on that position for a longer time .

Astvile

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Quote from: imdad123 on October 11, 2019, 10:33:26 PM

It is note able that almost all altcoins are now 80%to 90% negative from their all time high due to this happen only bitcoin uncertainty.

So what if it is caused by bitcoin price fall? altcoins are dependant on bitcoin whenever bitcoin pump altcoins dump and when bitcoin is dumped altcoins pump this has been happening already for more than 3 years now and you just figured it out right now. Bitcoin is the one who dictates altcoins price so don't blame bitcoin because of your loss on altcoin if you have ever lost money on trading altcoin.

Kyraishi

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Quote from: imdad123 on October 11, 2019, 10:33:26 PM

it is noted last eight to nine months that bitcoin is not stable.bitcoins movement is very uncertain due to this altcoin are very badly affected.So it is necessary to predict movement of bitcoin to avoid unnecessary loss in altcoins.

It is note able that almost all altcoins are now 80%to 90% negative from their all time high due to this happen only bitcoin uncertainty.
Now this is not clear what happen to next on bitcoin near future because bitcions dominance is increasing and altcoin crasing.So becareful if you holding any atcons for long term investment ...

It's not bitcoin's fault mate, the market has just been this way in the recent years and it's hard to see change from this, because most altcoins are so low priced right now it'll take a miracle to breathe new life in them.

It's no longer altcoins following the price of Bitcoin like 2 year ago, they are way more independent and it's on the companies behind them to make sure they succeed.

ivakar

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disagree here. bitcoin is better and more stable then altcoins
take for example ltc. or zec, the price decreased much higher than the price of bitcoin
anyhow market has trust to bitcoins at much higher levels.. so for me bitcoin the only coin to trust

qwertyup23

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There was a time that the price of bitcoin was directly proportional to the price of altcoins and vice versa. But these depend on factors especially considering that most countries prohibit BITCOIN specifically. It is highly advisable to always check the market price, trend, and data before purchasing so you could foresight which coin to invest in.

Regardless whether or not the price is increased/decreased, purchasing bitcoin for HODL can be a good investment. You may also do day trading on bitcoins or altcoins depending on the results.

Quote from: Mandoy on October 12, 2019, 02:49:16 AM

It does not mean that altcoins are not good for long term holdings. It all depends on what kind of altcoins you are holding right now. Last 2017 I happened to purchase a lot of altcoins (I will not mentioned the name of the coin) and last here it goes up in value and guess what I earned 40k$ of profit from selling my holdings with a start up capital of 40$. So what I mean is that not all altcoins are bad for holding, we have also altcoins in top 10 at coinmarketcap and those are good to hold such as ethereum, ripple, dash and many others.

There are notable altcoins like XRP, ETH, and Litecoin that show positive trends in its prices. I would suggest ETH for long-term though and others for short-term.

ChrisPop

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Bitcoin is not a stable coin. You will see more violent moves until it matures and more institutional money comes into the game. In my perspective we won't see Bitcoin transform in a forex like currency until it doesn't reach the $1M mark. Even then I still believe we might see further decent volatility.

The altcoins matter is very sensible atm as the bitcoin dominance is still bullish on the higher timeframes, but alts might get a little bit of boost before heading back down. The massive fall in altcoins' price is not just due to the bitcoin dominance ramping up, but many projects' out there failed to prove legitimate use cases, therefore failed to create an economy that provides buy pressure for the respective currency.

dentolas

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nowadays I think things got different since before 2017... after such a long and hard bear season, people started pouring money only on BTC, it has become a financial investment only and the less risky is BTC...
this has produced a very strong BTC dominance in the market, proving it to be the closest to a "store of value"...
also, the alt market was crazy and needed to get a lot of projects out of scene...
but the alts will return, the ones that survive Wink

Mandoy

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It does not mean that altcoins are not good for long term holdings. It all depends on what kind of altcoins you are holding right now. Last 2017 I happened to purchase a lot of altcoins (I will not mentioned the name of the coin) and last here it goes up in value and guess what I earned 40k$ of profit from selling my holdings with a start up capital of 40$. So what I mean is that not all altcoins are bad for holding, we have also altcoins in top 10 at coinmarketcap and those are good to hold such as ethereum, ripple, dash and many others.

metallica101

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The problem with altcoins is that most of them have no value or real use, which is what makes Bitcoin and a handful of other coins stand out. They are not supposed to perform well if there is no purpose to them. Imo, it is better for them to fall and disappear, and leave those actually worth something at the top.

GreatArkansas

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I remember again my experienced before if I can see some topic like this.

Since before, my portfolio are almost 70% altcoins and 30% Bitcoins.
See that allocation? And as we saw the lost of most altcoins are almost 70-90% lost. That was my worst days and months, and I felt relieved when I starting to convert some of my altcoins to Bitcoin in LOST. Well, tough decision but it's okay.

Herbert2020

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stop blaming bitcoin for the failure of shitcoins.

altcoins are down 80% to 99% because they are pump and dump schemes that have been pumped before and went into unrealistic prices and now that they have lost 99% of that ATH they are starting to get closer to their realistic prices.
it has nothing to do with bitcoin and it being volatile.

timerland

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I reckon it's due to the risking Bitcoin dominance.

During the 2017 boom and drop we saw altcoins follow heavily based on the market, if BTC went up altcoins had to go up, and vice versa. That was when the market was fairly spread out between crypto-currencies.

Nowadays, people are only putting money in Bitcoin and therefore Bitcoin dominance is at all time high, and the altcoin markets are almost a separate thing.

imdad123

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it is noted last eight to nine months that bitcoin is not stable.bitcoins movement is very uncertain due to this altcoin are very badly affected.So it is necessary to predict movement of bitcoin to avoid unnecessary loss in altcoins.

It is note able that almost all altcoins are now 80%to 90% negative from their all time high due to this happen only bitcoin uncertainty.
Now this is not clear what happen to next on bitcoin near future because bitcions dominance is increasing and altcoin crasing.So becareful if you holding any atcons for long term investment ...

Topic: Alt coins better or stable during bitcoin lot of movement (Read 587 times)