Topic: Altcoin situation = vice versa BTC situation (Read 201 times)

thanks for your reminder, but I think btc is not going to fall below 6000 usd

Yes this is quite true. And there are people who are making a big living out of the differences in the marketplace. Making money using the arbitrage system is actually an old proven technique and now is being applied also in cryptocurrency. Right now, this can effectively applied to make good money as the situation is volatile and there can some developments soon affecting the whole market. However, there are also risks involved that is why this is not for a newbies like me.

Your comparison looks very professional, but there are many people who make a living on such differences - I mean arbitration.
Look at this projects -  Arbidex
You will quickly understand how it works ...

I was surprised to hear the BTC pumping, but I was confused as to why other markets were not pumped up and only in bitfinex. Is this incident a conspiracy between bitfinex and tether?

The same can be said for the resistance around 6700-6800 which continues to be hit also, that in theory becomes weaker each time we hit it. All we can see from that is that some time soon there will be a more significant movement in one direction or the other.

and bitcoin is also a benchmark price for altcoins at any time, because from the past until now if the condition of bitcoin rises again and again the price of altcoin will certainly follow the conditions of bitcoin

As you already know that Bitcoin is the very pioneer in the digital currency market it is working as the barometer for the other cryptocurrency price situation and the ultimate volatility. Bitcoin worked like a stock market index for the other.

Really? How on earth will you know if something is temporary or not? Whatever has happened, those who want to see would have ended up selling and sure this simply affected the bitcoin/tether market majorly but at the same time, whatever it is, the market really did give a push generally.

If you really want to be assuming something is temporary, then it is not a market. You cannot predict anything, but whichever way, the sign still shows bullish however you want to see it for those who already took it as a chance to take advantage of the dips.

I am happy you said bitcoin can take a hit to the downside, but in that case, I am sure those who are smart enough to know that the market is unpredictable but at least taking a chance with a stop loss will always know what to do but at this point, I am actually seeing the possibilities of an upside than a downside.

Well, people tend to always find explanations to everything and then at the end, because of what they want to think, they either get to miss out at the end. Sure there is no doubt that tether was taking a hit, and possibly we got to see the market balance out as a result of that, but the fact remains that whatever you want to see now should not be because of the things you are assuming actually, it should basically be because of what you perceive on the charts based on price action.

Obviously, for a pump like this, I would not expect anyone to just hop into the market immediately, but at least see how the daily candle ends first but however, the whole market is generally balancing out.

I also feel confident that people also hope like that at the end of this year, but now the market situation is so very unpredictable that I cannot do much at the market price and can only wait and watch, it really seems that at the end of this year I will not like last year but to be honest I am here still waiting for a good surprise from the market.

Beginning, hopefully it will continue to rise followed by all the altcoins, because I am sure many people are waiting for you to exceed the ATH period last year, and I am sure this will happen sometime.

To be honest I have no idea why people are still daring to use Bitfinex after all this time, when you can get same or better at exchanges like Binance. Mind that,,, I am not promoting Binance or any centralized exchange. Eventually they all become the same once they get faced with difficulties. But we have always to keep using the ones that are better, keep up to trends.

Have we not heard of the term Bitfinex'ed enough?

I hope this is good news and the beginning of the increase in BTC prices followed by Altcoin, but I think for now the market is in a confusion in my opinion, many investors prefer to hold their funds.

you are mistaken.
bitcoin price went up to 7788 Tether because before 1 Tether was worth 1.00 USD but now 1 Tether is worth 0.96 USD so it needed to be balanced out. it is not a pump!

it is like saying during the time when value of Turkish Lira dropped bitcoin was pumped! no! value of that currency dropped so you needed more of it to give in order to receive 1 bitcoin.

it is because other exchanges have USD not USDT

altcoins have never followed bitcoin. the only time they did follow it was when bitcoin dropped, so they started going down harder.

please stop posting obvious bullshits. stick to the non-obvious ones like the rest of your numbers/
Bitfinex wallet containing 140k bitcoin equal to nearly $1 billion:
https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

true and it is about $6450 on every legit bitcoin exchange.

the same is happening every single day

LOL. this was very funny. it is as if the buy support is a person who is getting tired
in a market when some bottom is tested multiple times it gives investors some sort of confidence since all their analysis shows that level to be the bottom so they will start treat it as such as that becomes even stronger.

that is true at any other day too. there is nothing special about today.

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the funny part is, since Tether is failing logically people should move to the next safe place which is bitcoin. and that is what they are doing.

Its just a matter of profit and keeping it for awhile.

We know that when the market is dumping hard, most of the traders are converting their bitcoin profit into USDT so when the market goes down, they'll return back to it. I don't know if this has connection with the fake news that rotated about USDT getting delisted to binance.

The following levels of public cryptocurrency indicate that there has been a serious speculation, we need to pay much attention. There is nothing worse than staying in a false curve.

They are all selling their tether for bitcoin instantly. Just curious to know about what means of converting their bitcoin to another stable coin and then they are dumping it again?
bitcoin's daily trade volume has surpassed 6 billions what a joke. AFAIK it has doubled from the last week daily volume trade of bitcoin.

Do not FOMO into Bitcoin, this is just a temporary thing and most people are selling there USTD and into Bitcoin. However, I believe they are just going to cash out. In other words, Bitcoin can take a major hit on the downside from here.

Well it has decreased to $6,809.

Many did actually sold already with that price and you are correct with the current price of bitcoin. Its currently stays at $6,400 and other price trackers doesn't have identical and that's Due to Tether Implosion.

Hello, guys.
I want to warn you from trading in the next few days.
1. Bitfinex pumped BTC to 7788$.
2. Other exchanges didn't even have this number.
3. Alts don't follow BTC now which means no one is buying them now.
4. EMPTY BitFinex wallets (BTC and USDT - both of them).
5. Real price of BTC is 6450 now.
6. A lot of transactions were made from exchanges hot wallets to simple wallets.
7. Wait for a deep where you will buy. 6100$ can't hold us every time and more often we hit it more weak it becomes.
8. If whales sold BTC at 7600-7788, so they need to buy cheap.
Thanks for attention! Good luck to you, guys, keep calm don't be REKT!
Waiting for your response.