The difference between altcoins vs bitcoin is the fact that bitcoin talks about just one coin whereas when you say altcoin you are talking about sooooo many different coins and projects.
When people say "bitcoin is the only thing that can succeed" they are saying that because bitcoin will always be there, many of us (probably almost all) believe that bitcoin will not be taken away from first spot and it will always be awesome, that is something not really troubling and it could be that way and that's fine.
The problem with talking about altcoins however is that ETH is an altcoin if you look at it that way, Litecoin is an altcoin, Dash is an altcoin but also that horrible new project that is trying to scam people by trying to put all the buzzwords in it is also an altcoin, we can't just compare them all to each other but we name them all altcoins.
Topic: Altcoin still feasible? Profit or loss? (Read 664 times)
The only alt coins I see as superior possibly are where the base idea for utility and efficiency on that blockchain could exceed Bitcoin maybe, all this talk of alt coins is like swear words to a large part of the forum who think only BTC can ultimately succeed as it is the most secure and so superior blockchain. However innovation is what Im looking for, I still think proof of stake could outperform for the common people where as the largest operators in crypto dont need this but I think it favors the smallest elements and so stays true to the original basis for BTC which it bits not billions
people aren't saying bitcoin is the only thing that can succeed, they are saying that others aren't trying to succeed. instead when you look at altcoins you can clearly see that their goal is to get the biggest pump and dumps and make the most amount of money from it.the reason why everyone hates ETH so much is because of its numerous issues. for starters it is centralized and mutable. two fundamental characteristics of a successful project simply doesn't exist in this altcoin. the only innovation that it had was the idea of smart contracts that are more advanced that what bitcoin (the currency) allows. but that idea was executed very poorly on a buggy platform. and that's just the tip of the iceberg.
as for PoS that you mentioned here, it is a very poor algorithm for a cryptocurrency. it has lots of attack vectors and adds certain weaknesses to a cryptocurrency that it automatically guarantees its lack of security.
Obviously telling people that they should not sell and wait is a great advice, however we also should not ignore the fact that when you buy and hold, you are missing out on trading opportunities that could have yielded you more profits, which you can do or you may ignore but it is there that you are missing and it is a fact.
If you are uncertain about your own trading capabilities, you could just focus on making profit via holding as long as you can, if you can buy btc/eth and similar good high level respected coins and hold them for 10 years, you are going to profit beyond your wildest dreams, it would probably make 100x in 10 years, and nothing else in the world could make you rich like that. However if you think you can trade well, you should probably just focus on buying and selling which could yield you more profit.
If you are uncertain about your own trading capabilities, you could just focus on making profit via holding as long as you can, if you can buy btc/eth and similar good high level respected coins and hold them for 10 years, you are going to profit beyond your wildest dreams, it would probably make 100x in 10 years, and nothing else in the world could make you rich like that. However if you think you can trade well, you should probably just focus on buying and selling which could yield you more profit.
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For 3 weeks in March 2017, BTC fell from $1,360 to $890. That's a 35% decline! During that same exact time period, ETH rose from $16 to $59, a rise of 270%. Get it now?
Good info yea thats happened more then once with alt coin expansion but especially ETH had a big turn around because it had greater potential then many realized also it was returning from a horribly bearish event with the split into ETC so the swing in sentiment was massive that year for ETH maybe even greater then BTC itself. I wish I had realized all that at the time, I would have mined it alot more.
The only alt coins I see as superior possibly are where the base idea for utility and efficiency on that blockchain could exceed Bitcoin maybe, all this talk of alt coins is like swear words to a large part of the forum who think only BTC can ultimately succeed as it is the most secure and so superior blockchain. However innovation is what Im looking for, I still think proof of stake could outperform for the common people where as the largest operators in crypto dont need this but I think it favors the smallest elements and so stays true to the original basis for BTC which it bits not billions. We're into fundamentals here but the volatility and swings on alt coins is very often far greater then mainstream BTC and so trading profits are far larger but its with much larger noise and risk.
If I would think in a negative perceptions, that's a human reactions to feel bad while altcoins didn't soar higher. Seeing only bitcoin grows rapidly within a week of price changes. Hopefully, we will acquire great value for our old sleeping holdings. Patience is a long journey for all of us, and I couldn't afford to wait for another five years to see my altcoins collection to establish a profitable value.
I agree with most on here. It's necessary stick with good coins with real use case, stick mostly bitcoin, next holding should be eth, vechain, neo etc. Stick 80% into bitcoin, then a minor allocation to your choice of alts as it won't soar up as like bitcoin do. I would look for that dynamic to reverse when BTC has a major mid-term price correction, similar to March 2017. That's when the Ethereum/token bubble really went nuts.
How did BTC have a mid-term price correction in March 2017? From March 2017 on BTC really went crazy (as did alts).
For 3 weeks in March 2017, BTC fell from $1,360 to $890. That's a 35% decline! During that same exact time period, ETH rose from $16 to $59, a rise of 270%. Get it now?
I'm not saying BTC entered a bear market in March 2017. I'm saying it was a major price correction during a larger bubble, and that during such a bubble, BTCUSD corrections can actually constitute times when altcoins rally. In fact when you see that, that would be a clear sign that a bubble is occurring and much more upside is coming for both types of assets.
Thanks a lot! This makes sense!
I am hoping for something to happen soon again. The time would be right - Ethereum, let alone other altcoins, are cheap right now and I think institutional investors can meanwhile sell their BTC with huge profits.
I would look for that dynamic to reverse when BTC has a major mid-term price correction, similar to March 2017. That's when the Ethereum/token bubble really went nuts.
How did BTC have a mid-term price correction in March 2017? From March 2017 on BTC really went crazy (as did alts).
For 3 weeks in March 2017, BTC fell from $1,360 to $890. That's a 35% decline! During that same exact time period, ETH rose from $16 to $59, a rise of 270%. Get it now?
I'm not saying BTC entered a bear market in March 2017. I'm saying it was a major price correction during a larger bubble, and that during such a bubble, BTCUSD corrections can actually constitute times when altcoins rally. In fact when you see that, that would be a clear sign that a bubble is occurring and much more upside is coming for both types of assets.
I would look for that dynamic to reverse when BTC has a major mid-term price correction, similar to March 2017. That's when the Ethereum/token bubble really went nuts.
How did BTC have a mid-term price correction in March 2017? From March 2017 on BTC really went crazy (as did alts).
If we look deeply into other alternative coins, they have outperformed BTC as most of them have more than 5X from the beginning of this year up to this moment. We mostly conclude on the performance of BTC when alts are getting crushed without looking at the past record.
I know the doubts you imagine, but currently the Bitcoin market is showing a bullish performance,
it's a shame if you don't collect altcoins, profit or loss? of course profit, you have to be patient and enjoy it
Got you, man.it's a shame if you don't collect altcoins, profit or loss? of course profit, you have to be patient and enjoy it
Impatient people won't make things work easily for them but leaving doubts and losses. Altcoins investment is worth trying and really profiting if you were also choosing potential coins. Buying it now since the price is cheap is a good idea but wondering why people are still asking if it is good to buy or not? Definitely, a reason why this comes into their mind is that they are not really sure what they are doing and what they gonna do after buying cryptos. The purpose of investing is to gain profit and that be claimed if we can able to wait for the time that we see it.
and they might really getting some consideration and making up decisions afterwards.
We cant really deny that altcoin might be shit but there are still probabilities that this one will give out some good profits into you.It depends on the selection
of the coins because not all will really be having that potential.
I know the doubts you imagine, but currently the Bitcoin market is showing a bullish performance,
it's a shame if you don't collect altcoins, profit or loss? of course profit, you have to be patient and enjoy it
Got you, man.it's a shame if you don't collect altcoins, profit or loss? of course profit, you have to be patient and enjoy it
Impatient people won't make things work easily for them but leaving doubts and losses. Altcoins investment is worth trying and really profiting if you were also choosing potential coins. Buying it now since the price is cheap is a good idea but wondering why people are still asking if it is good to buy or not? Definitely, a reason why this comes into their mind is that they are not really sure what they are doing and what they gonna do after buying cryptos. The purpose of investing is to gain profit and that be claimed if we are able to wait for the time that we see it.
Conclusion? It cant be drawn into this kind of market because alts can either shoot up or not and it will be all in random thats why there are still people whom do risk or gamble out with those low cap coin
believing that they can still make big profits with it when those coins will be pumped one day.For top altcoins then theres no doubt that it will most likely be tagged along with bitcoins price movement.
So its a matter of choice if you do deal with it because majority been telling that shitcoins doesnt have a chance but there are still who do look for these things to be as treasure yet once
you hit up then you might really be ending up with enormous amounts of profits.We can still see nowadays into those low cap coins that had been pumped.
It is not really "random" as it would require at least some information on why they are increasing. But usually that reason is not something substantial and we do not have anything to back that data so we call it random. For example this time around, when bitcoin went up and the price of altcoins went down, it was due to people seeing how bitcoin is going up and they left their altcoin positions to go ride the wave bitcoin was on, that way they could have made more profit.believing that they can still make big profits with it when those coins will be pumped one day.For top altcoins then theres no doubt that it will most likely be tagged along with bitcoins price movement.
So its a matter of choice if you do deal with it because majority been telling that shitcoins doesnt have a chance but there are still who do look for these things to be as treasure yet once
you hit up then you might really be ending up with enormous amounts of profits.We can still see nowadays into those low cap coins that had been pumped.
Do I have any data to back this up? I do not really, but if you check how much alts were sold and how much bitcoin was cashed out, you will see that there were tons of alts sold versus less bitcoin sold which means some money that went from alts to btc stayed in btc. Same goes for reverse when alts were going up and how they were bought but not sold.
From couple of weeks we have seen a good percentage of growth when it comes to bitcoin but still it has not made any huge impact over altcoin prices which was not the case earlier, some of us including myself started thinking altcoins have lost its charm and eventually end up as shitcoins except top altcoins. Guess what, I was wrong just like whole bunch of people who assumed it because if we go back and look at last 20 month's performance of altcoins and bitcoin both have performed really well but we are just short sighted who once looks for few week's data and concludes our research.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
In my opinion, altseason has already happened and some alts have made a huge profit! Now it's time for bitcoin! And the altscoins are now even cheaper than were before altseason! I started buying some coins... In the future scenario is sure to repeat itself!
I know the doubts you imagine, but currently the Bitcoin market is showing a bullish performance,
it's a shame if you don't collect altcoins, profit or loss? of course profit, you have to be patient and enjoy it
it's a shame if you don't collect altcoins, profit or loss? of course profit, you have to be patient and enjoy it
If I would think in a negative perceptions, that's a human reactions to feel bad while altcoins didn't soar higher. Seeing only bitcoin grows rapidly within a week of price changes. Hopefully, we will acquire great value for our old sleeping holdings. Patience is a long journey for all of us, and I couldn't afford to wait for another five years to see my altcoins collection to establish a profitable value.
Actually altcoins are also doing good but not in terms of ratio with bitcoins. I mean if an altcoin was 10 USD earlier it would be 10 or maybe even higher in USD but when you compare it's value with Bitcoins the coin will look like it dropped in value because when Bitcoins jumped up not every coin was able to follow it up with that.A lot of traders are trading Bitcoins now because the market is experiencing a bull run and when there is a stable market or slight bear run in Bitcoins then people switch to altcoins because that is the best time to buy them.
We can not expect much from altcoins during this occasion. We are in one of the biggest crises, the Presidential election is being held and many people are losing their job. The economy, although, is recovering quite fast, people only consider safe assets such as gold or bitcoin to invest or at least hold for something special. Altcoins will soon have their performance, but this is not a good time for them.
But, to be frank the impact of the fiat economy has minimal impact on the prices of cryptocurrency as you might have seen how Bitcoin is moving which clearly indicates that the crypto market is not dependent completely on the economy of a particular country or even as a whole of them because if that was the case Bitcoins would have finished in March when the price dropped along with the pandemic all around.I do agree that the current time is not the best time for altcoins but that is not because of the economy but because the bitcoin is doing so good that it is not worth investing into alts right now and if you are invest just do so in bitcoins.
If I would think in a negative perceptions, that's a human reactions to feel bad while altcoins didn't soar higher. Seeing only bitcoin grows rapidly within a week of price changes. Hopefully, we will acquire great value for our old sleeping holdings. Patience is a long journey for all of us, and I couldn't afford to wait for another five years to see my altcoins collection to establish a profitable value.
From couple of weeks we have seen a good percentage of growth when it comes to bitcoin but still it has not made any huge impact over altcoin prices which was not the case earlier, some of us including myself started thinking altcoins have lost its charm and eventually end up as shitcoins except top altcoins. Guess what, I was wrong just like whole bunch of people who assumed it because if we go back and look at last 20 month's performance of altcoins and bitcoin both have performed really well but we are just short sighted who once looks for few week's data and concludes our research.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
Conclusion? It cant be drawn into this kind of market because alts can either shoot up or not and it will be all in random thats why there are still people whom do risk or gamble out with those low cap coinI feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
believing that they can still make big profits with it when those coins will be pumped one day.For top altcoins then theres no doubt that it will most likely be tagged along with bitcoins price movement.
So its a matter of choice if you do deal with it because majority been telling that shitcoins doesnt have a chance but there are still who do look for these things to be as treasure yet once
you hit up then you might really be ending up with enormous amounts of profits.We can still see nowadays into those low cap coins that had been pumped.
People seem to temporarily turn to BTC which is the safest coin, as the current defi trend has started to wane a little.
Even so, some of the major altoin have not been abandoned by their developers and still continue to develop the platform, Often I see among them giving pump surprises while bitcoin is not moving, especially when the good announcements that the community is waiting for have been published. This means that altcoins still have their hopes.
Only few altcoins from the past still do updates, make sure when invested in a coin follow their telegram to know whether they are still active and still working on their projects improvement and future plans. Some who are not in top list in coinmarketcap might still be doing something to keep their project even they are unnoticeable sometimes their legit supporters from the start will push them to continue since there are already too many alike projects in crypto space. I have many altcoins from the past which have no value now so I make to a point now to consider visiting their telegram to see whether they are trying unfortunately others already stop, so lesson learned always monitor or trade it while it have value. Even so, some of the major altoin have not been abandoned by their developers and still continue to develop the platform, Often I see among them giving pump surprises while bitcoin is not moving, especially when the good announcements that the community is waiting for have been published. This means that altcoins still have their hopes.
if you can find good altcoins that you can trust and could go big in the future they are definitely worth looking at but if you are going to risk your money you are not going to make a big difference and you are going to end up not making any decent profit neither, maybe few lucky ones. Hence altcoins are still feasible only if you invest into good ones.
Yeah, depends on what you want out of altcoins, if you want to make 10x returns you may find some (very few) but they would be very rare to aim at so it wouldn't make sense to get involved with altcoins to make that type of return. However if you want to just overshadow bitcoin returns and have an altcoin that could go higher than bitcoin goes, that could still happen.While bitcoin goes up 10%, some other altcoin could go up 20% and that is feasible and definitely possible as well. I do not see it happening right now, but it is definitely possible. So, put yourself a realistic approach and you will be happy about the results in the end. Obviously we do not really have any way of proving this, maybe I am very wrong about it but that is just what feasible means, not guaranteed but possible.
People seem to temporarily turn to BTC which is the safest coin, as the current defi trend has started to wane a little.
Even so, some of the major altoin have not been abandoned by their developers and still continue to develop the platform, Often I see among them giving pump surprises while bitcoin is not moving, especially when the good announcements that the community is waiting for have been published. This means that altcoins still have their hopes.
Even so, some of the major altoin have not been abandoned by their developers and still continue to develop the platform, Often I see among them giving pump surprises while bitcoin is not moving, especially when the good announcements that the community is waiting for have been published. This means that altcoins still have their hopes.
We can not expect much from altcoins during this occasion. We are in one of the biggest crises, the Presidential election is being held and many people are losing their job. The economy, although, is recovering quite fast, people only consider safe assets such as gold or bitcoin to invest or at least hold for something special. Altcoins will soon have their performance, but this is not a good time for them.
The best thing to do right now is to accumulate more and more altcoins, such as ethereum or XRP if you are not quite interested in making an analysis over the whole market. Those top 100 coins always give us an affordable profit which is even better than bitcoin. In 2021, we will unquestionably witness a huge bull run over many different markets, not just the cryptocurrency. Remember to split your capital into many small parts so as to avoid losing huge money in one single pocket
The best thing to do right now is to accumulate more and more altcoins, such as ethereum or XRP if you are not quite interested in making an analysis over the whole market. Those top 100 coins always give us an affordable profit which is even better than bitcoin. In 2021, we will unquestionably witness a huge bull run over many different markets, not just the cryptocurrency. Remember to split your capital into many small parts so as to avoid losing huge money in one single pocket
Yeah, I think altcoin was still feasible and can even provide a decent profit. It seemed a bit down right now but this not necessarily mean that it was dead. I mean there are still several altcoins that could still pull off like Ethereum and other top tier coins. It has just happened that Bitcoin is now caught a lot of attention that is why investors and traders tend to move their investment from it especially that Bitcoin now touch $15k.
This might not be that best season for other altcoins but don't worry we'll go on it soon.
This is the best time to invest with them. This might not be that best season for other altcoins but don't worry we'll go on it soon.
Not actually seeing an instant recovery from the deep but the situation had closely settled down to a positive line. Bitcoin still dominating the market leaving altcoin suffered in losses but this won't last longer and you are right, this doesn't mean that altcoins will soon die instead of seeing it to roll up and have it pump.
Alot of people are basically expecting 2017-2018 to happen all over again. They see that Bitcoin is mooning and they are expecting bitcoin to top somewhere and that the money will go into altcoins. And then altcoins will get pumped and then at their peak, the money will go into fiat and tether. This is why ETH reached $1400 in Jan 2018 while BTC reached an ATH the month prior.
The problem is that we were tricked twice in the past of this "alt season" happening. First time it was in June 2019 and second time in Feb 2020 when BTC was surging higher and higher. And people bought the regular alts like LTC, XRP and look at how poorly these alts are compared to BTC or fiat. They are hitting records lows pretty much again BTC. So yes it does seem like a good idea to invest in alts, however its very difficult timing and catching the bottom.
The expectation is big from the cryptocurrency users. Whatever might be, we cannot expect growth without dumping. Cryptocurrency too isn't an exception to this philosophy. From my personal understanding about the market it is always good to take decisions as per the market and the capital available for the same. The predictions for the year was to overcome the previous ATH. Just because of the covid-19 people haven't started to speculate on bitcoin above $20000+The problem is that we were tricked twice in the past of this "alt season" happening. First time it was in June 2019 and second time in Feb 2020 when BTC was surging higher and higher. And people bought the regular alts like LTC, XRP and look at how poorly these alts are compared to BTC or fiat. They are hitting records lows pretty much again BTC. So yes it does seem like a good idea to invest in alts, however its very difficult timing and catching the bottom.
As mentioned there will be assured altcoin bear trend, but this happens quite after little time period from the bull trend of bitcoin. Another important thing, with the previous bull market even the altcoins without any usage peaked high. This time users should not have such a thought, it is always good to have expectation over the promised altcoins of the market.
Don't worry, there will be another altcoin session, which usually happens when Bitcoin stabilizes.
is bitcoin not stabilize yet . price was still the same when i look at it and btc is not going to stabilize literally where its values wont move forever . the effects are only shown on eth but not to the rest of the altcoins . At the moment there will still be a wave of bitcoins and that will certainly affect altcoins. the possibility that altcoin and bitcoin will go up together where when bitcoin goes up altcoins will go up after bitcoin reaches ath. when BTC correction, we can take entries in Altcoin. Lets wait for that moment.
we dont need to wait for btc to go in correction state because at the moment altcoins are already in their buying state due to thier deflated values but people are really buying altcoins ? it could be that they only buy eth because eth value are the only one that have noticeable gain 
Altcoins will rise behind the price of bitcoin when bitcoin is stable then all top altcoins will rise slowly, like ethereum and XRP, now the price has gone up very quickly, especially altcoins are prone to falling when bitcoin has decreased. You should know that a few years ago was almost the same as the years 2017 This is because bitcoin is the beginning of the rise in the price of altcoins that makes the price of altcoins a legitimate and popular investment when all altcoins go up will be a pretty good place to invest.
Yeah, I think altcoin was still feasible and can even provide a decent profit. It seemed a bit down right now but this not necessarily mean that it was dead. I mean there are still several altcoins that could still pull off like Ethereum and other top tier coins. It has just happened that Bitcoin is now caught a lot of attention that is why investors and traders tend to move their investment from it especially that Bitcoin now touch $15k.
This might not be that best season for other altcoins but don't worry we'll go on it soon.
This might not be that best season for other altcoins but don't worry we'll go on it soon.
Alot of people are basically expecting 2017-2018 to happen all over again. They see that Bitcoin is mooning and they are expecting bitcoin to top somewhere and that the money will go into altcoins. And then altcoins will get pumped and then at their peak, the money will go into fiat and tether. This is why ETH reached $1400 in Jan 2018 while BTC reached an ATH the month prior.
The problem is that we were tricked twice in the past of this "alt season" happening. First time it was in June 2019 and second time in Feb 2020 when BTC was surging higher and higher. And people bought the regular alts like LTC, XRP and look at how poorly these alts are compared to BTC or fiat. They are hitting records lows pretty much again BTC. So yes it does seem like a good idea to invest in alts, however its very difficult timing and catching the bottom.
The problem is that we were tricked twice in the past of this "alt season" happening. First time it was in June 2019 and second time in Feb 2020 when BTC was surging higher and higher. And people bought the regular alts like LTC, XRP and look at how poorly these alts are compared to BTC or fiat. They are hitting records lows pretty much again BTC. So yes it does seem like a good idea to invest in alts, however its very difficult timing and catching the bottom.
I think it is just because of market sentiment, when the price of the bitcoin goes up and the price of the altcoins are stable or keep dumping; it does not mean that the altcoins is dead. It only means that many investors are withdrawing their investments and re invest it in bitcoin because of the current emotion in the market which is greed. A wise investor and trader will buy a token or coin that is trending, why would they waste their time in altcoins if it is not moving unlike the bitcoin have current momentum in the market. But not all of the altcoins are currently in downtrend or in consolidation, there are altcoins that are now also breaking out like ETH. For those who still want to trade altcoin nowadays, make sure that you will trade a altcoin that have good market sentiment.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
Some altcoins are just comertial advertise to attract people to invest and then lose their money, i am not saying it is "scam" thou it is my own opinion because here in my country lots of alt coins are being advertise and in the end they just scammed people that's why they didn't believed on the so called crypto currency.Second : If you have thoughts in mind to invest to those known and well known altcoins why not try to invest there a big chance to make a profit and also always take a look of the chart for the guidance and not to lose that much. Because as you can see today the prices changing everyday and altcoins go downs sometimes.
So, if you can find good altcoins that you can trust and could go big in the future they are definitely worth looking at but if you are going to risk your money you are not going to make a big difference and you are going to end up not making any decent profit neither, maybe few lucky ones. Hence altcoins are still feasible only if you invest into good ones.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
Some altcoins are just comertial advertise to attract people to invest and then lose their money, i am not saying it is "scam" thou it is my own opinion because here in my country lots of alt coins are being advertise and in the end they just scammed people that's why they didn't believed on the so called crypto currency.Second : If you have thoughts in mind to invest to those known and well known altcoins why not try to invest there a big chance to make a profit and also always take a look of the chart for the guidance and not to lose that much. Because as you can see today the prices changing everyday and altcoins go downs sometimes.
Altcoins were always there for grabs but people got scared, nobody said things would stay low with altcoins and you know that altcoins are legit good investments as well (not all, but there are few who are great like ETH) and that means when they go down, you should see that as a way to get more of them.
I increased my ethereum position at 384 for example, because I knew that it would go over 400 very soon and thanks to ETH 2.0 news the price is now over 430 dollars. I didn't make a big profit from this move, under 100 dollars profit, but I did realized that it was possible to make that move, if you saw the altcoin prices going down and assumed it was a doomsday situation, you were very wrong to begin with because alts will never stay low forever.
However now we see bitcoin AND alts going up together so we know that is possible and people may use that information in the future.
I love it when I am right as well, I have not invested into altcoins because I didn't had any liquidity at that moment but I knew that things like ETH where people are using like crazy due to all the new defi stuff, I knew it wouldn't hang low for a long time. I also never understand why people assumed "when bitcoin goes up, altcoins go down" because that is not true, never been really a true thing any time in history, sometimes bitcoin goes up and alts go down, sometimes btc goes up and alts go up with it, there is no guarantee that when btc does something alts will react same way, they always react differently.I increased my ethereum position at 384 for example, because I knew that it would go over 400 very soon and thanks to ETH 2.0 news the price is now over 430 dollars. I didn't make a big profit from this move, under 100 dollars profit, but I did realized that it was possible to make that move, if you saw the altcoin prices going down and assumed it was a doomsday situation, you were very wrong to begin with because alts will never stay low forever.
However now we see bitcoin AND alts going up together so we know that is possible and people may use that information in the future.
As you can see today, the price of almost every coin increased like crazy, ethereum peaked over 450 dollars and going towards that 500 dollars like crazy, all other coins are following it as well with prices going 10-20% higher than last week, removing all the losses AND making a profit.
Altcoins were always there for grabs but people got scared, nobody said things would stay low with altcoins and you know that altcoins are legit good investments as well (not all, but there are few who are great like ETH) and that means when they go down, you should see that as a way to get more of them.
I increased my ethereum position at 384 for example, because I knew that it would go over 400 very soon and thanks to ETH 2.0 news the price is now over 430 dollars. I didn't make a big profit from this move, under 100 dollars profit, but I did realized that it was possible to make that move, if you saw the altcoin prices going down and assumed it was a doomsday situation, you were very wrong to begin with because alts will never stay low forever.
However now we see bitcoin AND alts going up together so we know that is possible and people may use that information in the future.
I increased my ethereum position at 384 for example, because I knew that it would go over 400 very soon and thanks to ETH 2.0 news the price is now over 430 dollars. I didn't make a big profit from this move, under 100 dollars profit, but I did realized that it was possible to make that move, if you saw the altcoin prices going down and assumed it was a doomsday situation, you were very wrong to begin with because alts will never stay low forever.
However now we see bitcoin AND alts going up together so we know that is possible and people may use that information in the future.
The top altcoins still have their charm and even though in recent days the price of altcoins looks bad, it is only because of the impact that has been on bitcoin and there will be time for altcoins to recover. So maybe this is a phase for the expected rise to occur because as we have realized so far, bitcoin is always moving earlier for something more positive as well as negative, so it's no wonder that some people think altcoins are no longer viable.
still that the top-ranking altcoins are still in the best position and are very reliable, people may say altcoins are not feasible but I read that it might be new altcoins, and indeed there is no recommendation that can be given for new altcoins growing at this time.it is true that you say at this time is indeed bitcoin is continuing to move up and will usually be accompanied by altcoins, but it seems that there is no movement of altcoins yet, but I really believe that altcoins will soon follow bitcoin, because all this time it has always happened, I agree that there is a delay for altcoins to move up following bitcoin.
The top altcoins still have their charm and even though in recent days the price of altcoins looks bad, it is only because of the impact that has been on bitcoin and there will be time for altcoins to recover. So maybe this is a phase for the expected rise to occur because as we have realized so far, bitcoin is always moving earlier for something more positive as well as negative, so it's no wonder that some people think altcoins are no longer viable.
Altcoins are actually looking pretty decent right now, people always assume that the market will react one way or another and stay that way but that is not the case for many of them, they will for example go down when bitcoin goes up, but then bitcoin goes up higher and suddenly they start to go up as well instead of going down further. So, do not assume that altcoins will always do reverse of what bitcoin does, that is not the case most of the time.
I even always say that they are not connected, because I have seen altcoins and bitcoin move differently and then same on the same hour many times in past years, which means they could do anything and not have any connection for a long time to same parallels. Assume having as much of any proper coin as you can is the ticket to early retirement and do not look at the movements this closely.
I even always say that they are not connected, because I have seen altcoins and bitcoin move differently and then same on the same hour many times in past years, which means they could do anything and not have any connection for a long time to same parallels. Assume having as much of any proper coin as you can is the ticket to early retirement and do not look at the movements this closely.
I wish altcoins will come alive if the bull run will start.
Bitcoin is bullish, we can all see that but most of the altcoins especially the old ones are still struggling until now.
Maybe the right time has no come yet, we need more push to see an altcoins run for their own as bitcoin rising would sometimes result to altcoins going down, as we can see it. The last time we saw an altcoins run was when bitcoin had a new ATH, so let's hope we will see that this year.
Bitcoin is bullish, we can all see that but most of the altcoins especially the old ones are still struggling until now.
Maybe the right time has no come yet, we need more push to see an altcoins run for their own as bitcoin rising would sometimes result to altcoins going down, as we can see it. The last time we saw an altcoins run was when bitcoin had a new ATH, so let's hope we will see that this year.
It wont be moving in the same phase from time to time and look at on the current market where bitcoin is on a rally and try to check the top 100 coins in the market on CMC.
You would definitely see that majority of coins or below btc are on reds.Some might able to get some increase but the vast or majority is really struggling.
Is this something new? No its not because they don't really correlate anytime when it comes to movements.
I wish altcoins will come alive if the bull run will start.
Bitcoin is bullish, we can all see that but most of the altcoins especially the old ones are still struggling until now.
Maybe the right time has no come yet, we need more push to see an altcoins run for their own as bitcoin rising would sometimes result to altcoins going down, as we can see it. The last time we saw an altcoins run was when bitcoin had a new ATH, so let's hope we will see that this year.
Bitcoin is bullish, we can all see that but most of the altcoins especially the old ones are still struggling until now.
Maybe the right time has no come yet, we need more push to see an altcoins run for their own as bitcoin rising would sometimes result to altcoins going down, as we can see it. The last time we saw an altcoins run was when bitcoin had a new ATH, so let's hope we will see that this year.
Altcoins aren't for HODLing. They're for flipping. It's all about timing.
When major long term resistance (like the June 2019 highs in the $13,800s) break, that usually sends everyone piling back into Bitcoin, and out of altcoins. This feels like one of those times where altcoins will stagnate and fall against BTC, while BTC surges against USD. If true, then I would look for that dynamic to reverse when BTC has a major mid-term price correction, similar to March 2017. That's when the Ethereum/token bubble really went nuts.
When major long term resistance (like the June 2019 highs in the $13,800s) break, that usually sends everyone piling back into Bitcoin, and out of altcoins. This feels like one of those times where altcoins will stagnate and fall against BTC, while BTC surges against USD. If true, then I would look for that dynamic to reverse when BTC has a major mid-term price correction, similar to March 2017. That's when the Ethereum/token bubble really went nuts.
Many believe that there are tokens or coins that will follow the track of Bitcoin where it reach a high ATH way back on year 2017 but based on experience I encounter a major lost due to believing it and my tokens just dump so badly on year 2018 so by now I never tried to hold any of those
Well sure, you held through a bear market. Like I said before, it's all about timing. I consciously ignored altcoins for years after the 2017 bubble popped, because I knew the chances of a timely recovery were extremely small.
You need to let bubbles deflate before buying back in. Bagholding to the bottom really isn't recommended for altcoins. It's also important not to be greedy. Those who held altcoins during the 2017 bubble and sensibly took profit were rewarded handsomely.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
BUT, Bitcoin has been surging faster than altcoins in fiat terms, and crashing slower. HODLing altcoins/shitcoins actually loses you Bitcoins.
Altcoins aren't for HODLing. They're for flipping. It's all about timing.
When major long term resistance (like the June 2019 highs in the $13,800s) break, that usually sends everyone piling back into Bitcoin, and out of altcoins. This feels like one of those times where altcoins will stagnate and fall against BTC, while BTC surges against USD. If true, then I would look for that dynamic to reverse when BTC has a major mid-term price correction, similar to March 2017. That's when the Ethereum/token bubble really went nuts.
Many believe that there are tokens or coins that will follow the track of Bitcoin where it reach a high ATH way back on year 2017 but based on experience I encounter a major lost due to believing it and my tokens just dump so badly on year 2018 so by now I never tried to hold any of those and just simply trade them whenever I see some good position to sell and only hold bitcoins since this is the one promising to get a possible high leap in next following years.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
BUT, Bitcoin has been surging faster than altcoins in fiat terms, and crashing slower. HODLing altcoins/shitcoins actually loses you Bitcoins.
It's the best decision to HODL the best performer in my opinion. That's Bitcoin.
It had been told for how many times but there are people whom are really fan on stashing out some altcoin into their portfolio and hoping that
it would really be bringing some good fortune to them.
That was true only during the ICO-Mania of 2015 - 2017. The people today look to be smarter in their investments, probably after losing a big percentage of capital.
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There are lots of situations where we do presumpt that alt is losing its charm but actually this had been always the scenario when theres
shift in the market its either bitcoin gaining momentum and alts is on deep reds.Its just a matter of demand in most cases and for us traders
or investors then we should be wise on making out decisions.
What I have observed starting 2019 is, Bitcoin surges, shitcoins are red. Bitcoin crashes, shitcoins are redder.
Altcoins are looking like more and more amazing these days if you ask me.
I know they went down a lot in the recent 10 day stretch and that is why people are afraid of putting their money into them.
However I am the type of person who loves investing into things when they are down, the real advice you can get from any big time investor would be "buy low, sell high" and warren buffet famously said "be greedy when others are fearful and be fearful when others are greedy" so that means while altcoins are looking like they are dying, the reality is that they are not going anywhere.
You think ethereum will be done with? Never go above 400 again? That is not the case it will go above 400 even 500 eventually, so why not get in right now? This applies to all "good" projects, not small obscure coins but big ones like ETH looks amazing now.
I know they went down a lot in the recent 10 day stretch and that is why people are afraid of putting their money into them.
However I am the type of person who loves investing into things when they are down, the real advice you can get from any big time investor would be "buy low, sell high" and warren buffet famously said "be greedy when others are fearful and be fearful when others are greedy" so that means while altcoins are looking like they are dying, the reality is that they are not going anywhere.
You think ethereum will be done with? Never go above 400 again? That is not the case it will go above 400 even 500 eventually, so why not get in right now? This applies to all "good" projects, not small obscure coins but big ones like ETH looks amazing now.
For me now, Bitcoin already dominated altcoins, altcoins will be on the hand of Bitcoin, for now, look how the Bitcoin dominance pumped too hard these past days.
If we base on the last bull run around 2017 - 2018, we clearly saw a massive run on altcoins after Bitcoin reach the all-time-high around $19,000. So I am expecting this again. Bitcoin will make some action first, that's why I really confused these past few weeks, altcoins especially those top altcoins are not that following the Bitcoin.
In the situation that Bitcoin transaction fees so high make people decide to convert into altcoins, now they are saving some BTC's. Altcoins has a better position this time as no changes happen, I expected more Bitcoin holders will leave bitcoin if there are no changes with fees and a big opportunity for altcoins to rise which possibly also a reason that Bitcoin will dump its value.
Just like what @STT been said, it is a little bit discouraging and has a reason for more investors to leave Bitcoin for good. They are more likely to invest altcoins or in the stock market.
Just like what @STT been said, it is a little bit discouraging and has a reason for more investors to leave Bitcoin for good. They are more likely to invest altcoins or in the stock market.
The largest practical argument for alt coins in relation to BTC is from elevated transaction fees, the majority of people on this earth and in crypto are quite modest in their capital and in their transaction size so fees rising has a disproportionate effect on some. The smallest entities in any economy are important, I'd argue they are the backbone to proper growth but anyhow what seems a small cost is a discouragement from using BTC and a diversion to alt coins. Gold silver and copper some might say, they move in relation when monetised and while the dollar remains weak alt coins are quite usable.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
BUT, Bitcoin has been surging faster than altcoins in fiat terms, and crashing slower. HODLing altcoins/shitcoins actually loses you Bitcoins.
Altcoins aren't for HODLing. They're for flipping. It's all about timing.
When major long term resistance (like the June 2019 highs in the $13,800s) break, that usually sends everyone piling back into Bitcoin, and out of altcoins. This feels like one of those times where altcoins will stagnate and fall against BTC, while BTC surges against USD. If true, then I would look for that dynamic to reverse when BTC has a major mid-term price correction, similar to March 2017. That's when the Ethereum/token bubble really went nuts.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
BUT, Bitcoin has been surging faster than altcoins in fiat terms, and crashing slower. HODLing altcoins/shitcoins actually loses you Bitcoins.
It's the best decision to HODL the best performer in my opinion. That's Bitcoin.
it would really be bringing some good fortune to them.
There are lots of situations where we do presumpt that alt is losing its charm but actually this had been always the scenario when theres
shift in the market its either bitcoin gaining momentum and alts is on deep reds.Its just a matter of demand in most cases and for us traders
or investors then we should be wise on making out decisions.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
BUT, Bitcoin has been surging faster than altcoins in fiat terms, and crashing slower. HODLing altcoins/shitcoins actually loses you Bitcoins.
It's the best decision to HODL the best performer in my opinion. That's Bitcoin.
I agree, this is the only possible way to stay upto date and profitable as it doesn't make sense to HODL all the altcoins which is yet to show an uptrend, but we can quickly reinvest in altcoins once it shows a sign of improvement and by this way we can see profits through Bitcoin as well as altcoin. But we need to be very very careful while dealing in altcoins because things can go other way around pretty quickly and it's hard to recover unline bitcoin.
BUT, Bitcoin has been surging faster than altcoins in fiat terms, and crashing slower. HODLing altcoins/shitcoins actually loses you Bitcoins.
It's the best decision to HODL the best performer in my opinion. That's Bitcoin.
This is expected because bitcoin is the leading in cryptocurrency and in rating, all fall to bitcoin even to level in cryptocurrency market index. This is going to continue for long time more as far blockchain is concern. But I notice that the drop is slower like you are noticing. It rises faster but drops small. Is good for holding and can have increase more.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
BUT, Bitcoin has been surging faster than altcoins in fiat terms, and crashing slower. HODLing altcoins/shitcoins actually loses you Bitcoins.
It's the best decision to HODL the best performer in my opinion. That's Bitcoin.
Recent altcoins performanced together with bitcoin leads to many conclusions that altcoin season has just arrived. But just as we thought that they are, most of them suddenly dumps too. They've showed good momentum and made a good consolidation but not that long as they have been interrupted by btc dominance strength.
Altcoin is likely to lose its glamour but not all altcoin will be obsolete and this is the moment i love to see in the cryptocurrency market because the fake altcoins will quench off the market while only the good project will exist. However, this is also the moment of rosy for exprienced investors and moment of huge lost for naive investors.
I feel altcoins are just waiting to break out and reach the peak in shexperienced, what's your vmomentsindly shalossour opinions.
Altcoins will reach the peak but some altcoins will vanish before the bullish happen and the CMC rank either will be claim by another project while some uprank. hero member
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It reasonable that when the cryptocurrency market is only bullish on Bitcoin while the altcoins market is not included people will have different thought but this have been the situation of crypto market whenever the market is preparing for totally bullish trend especially when new ATH will be set. However, this doesn't mean some altcoins wont lost there charm and later endup as shitcoin this is the reason why it important for every crypto investors to know about choosing the right coins.
I feel altcoins are just waiting to break out and reach the peak in short span of time,
That is also what it can be. We are not experiencing altcoin bull yet maybe because the time is not here for it to happen. We need to know too that altcoin bull doesn't mean bull for shitcoins too. We expect value coins to bull just like etheruem did in 2017 bull .
There is bound to be a small correlation between the price of bitcoin going up and other cryptocurrencies moving. When bitcoin gets popular, there will be a certain group of people who feel the hype but look for alternatives which they think can compete. There are a few standouts - like Ethereum, Litecoin, etc. which were created a long time ago and have built up a user base. In reality however, bitcoin seems to be in a league of its own and in has been able to implement unique benefits that have been showcased by other cryptocurrencies (which made the others redundant). Other cryptocurrencies seem to get more diluted day by day, making it hard to pick winners - I'd just stay away from them entirely, short term trading is too volatile and you're bound to make losses/get stuck with a crappy coin eventually.
From couple of weeks we have seen a good percentage of growth when it comes to bitcoin but still it has not made any huge impact over altcoin prices which was not the case earlier, some of us including myself started thinking altcoins have lost its charm and eventually end up as shitcoins except top altcoins. Guess what, I was wrong just like whole bunch of people who assumed it because if we go back and look at last 20 month's performance of altcoins and bitcoin both have performed really well but we are just short sighted who once looks for few week's data and concludes our research.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
For people who had been here on this market then will really see this scenario as an ordinary one.It isnt always for altcoins to be on increase when bitcoins price tends to cling up.I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
Most of the time top altcoins do really come along with it and below those will not be having any significant movement or just simply being in reds which to presume that people are
switching up their ports from low cap coins into either top altcoins or on bitcoin itselt so its not really surprising for this thing to happen. Altcoin still feasible? Even if i do say no, there
would be still people whom do consider this kind of option.It isnt dead yet since there are still projects which can really be potentially pumped and you make tons of profits
with it but finding the best one will already be the hardest task to be done.
some alts still do have potential especially those are dedicating their platform to specific use case. but most of them are just like fly-by-night alts. they come and go without really influencing the crypto market.
but for alts backed by real companies, they have the chance to thrive as they are trying to deploy it within their operations. if they are successful, they can sustain the existence of their currency, but if not, just another forgotten one in crypto history.
lets take for example monero, they are known to take care the privacy aspect. so they can survive for long because they have solid community supporting their platform. but we dont how much they will increase in the next coming years. we just know that they will not disappear anytime soon. maybe holders can profit in the near future but no one can tell how much?
From couple of weeks we have seen a good percentage of growth when it comes to bitcoin but still it has not made any huge impact over altcoin prices which was not the case earlier, some of us including myself started thinking altcoins have lost its charm and eventually end up as shitcoins except top altcoins. Guess what, I was wrong just like whole bunch of people who assumed it because if we go back and look at last 20 month's performance of altcoins and bitcoin both have performed really well but we are just short sighted who once looks for few week's data and concludes our research.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
For people who had been here on this market then will really see this scenario as an ordinary one.It isnt always for altcoins to be on increase when bitcoins price tends to cling up.I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
Most of the time top altcoins do really come along with it and below those will not be having any significant movement or just simply being in reds which to presume that people are
switching up their ports from low cap coins into either top altcoins or on bitcoin itselt so its not really surprising for this thing to happen. Altcoin still feasible? Even if i do say no, there
would be still people whom do consider this kind of option.It isnt dead yet since there are still projects which can really be potentially pumped and you make tons of profits
with it but finding the best one will already be the hardest task to be done.
From couple of weeks we have seen a good percentage of growth when it comes to bitcoin but still it has not made any huge impact over altcoin prices which was not the case earlier, some of us including myself started thinking altcoins have lost its charm and eventually end up as shitcoins except top altcoins. Guess what, I was wrong just like whole bunch of people who assumed it because if we go back and look at last 20 month's performance of altcoins and bitcoin both have performed really well but we are just short sighted who once looks for few week's data and concludes our research.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
Most coins get a good pump and then that is it, its left to die. Why? Because thats why alts are usually made, the developers themselves are just looking for more altcoins. Most are not needed and serve no purpose other than speculation. Altcoins are mostly just bitcoin eaters except maybe 1% of them.
The altcoins are more volatile than bitcoin but they're mostly affected by bitcoin's move. They're harder to predict because there are a bunch of them which we can't actually monitor from time to time. If preferring to choose an altcoin, I'd choose the top altcoins and wouldn't waste any time on those, not major altcoins that are only being made because of hype. But the other remaining altcoins that have good liquidity and market cap will still be the best option only if you're more into altcoins but I'll always prioritize my bitcoin share. So when both times comes that they're coming up together, it's a win.
We can't really predict about the altcoins' movement. But normally, the top alts follow the market trend of btc. But only those that are already established in the market. Now, if we are talking about specific alts, it is better to follow their respective developments. Because their actual developments and progress will have significant impact on their market value. If traders will not see movement from the team, then I don't think they will be interested to trade with that coin, unless, it has specific use case for them like using for transfer purposes because of very minimal fee for transaction.
Yeah I don't normally look past doge for market cap when I check the charts and I've mostly been in btc this year too...
I don't know if a lot of the other lower coins are what the op is talking about because eyoy need a strong team with a good vision that want to take the risk of putting themselves out there in order to get a good coin that can grow to get a competitive market cap.
I mean we normally end up with some sort of bitcoin run then some sort of altcoin run at seemingly random periods. People might be expecting the 4 year continuation pattern of bitcoin to keep going and, if this happens, altcoins should see major growth around q3 next year (Oct-Dec). There could be mini rallies half way through next year too imo. Somewhere around March but it might depend on how the economy is doing between now and then...
We can't really predict about the altcoins' movement. But normally, the top alts follow the market trend of btc. But only those that are already established in the market. Now, if we are talking about specific alts, it is better to follow their respective developments. Because their actual developments and progress will have significant impact on their market value. If traders will not see movement from the team, then I don't think they will be interested to trade with that coin, unless, it has specific use case for them like using for transfer purposes because of very minimal fee for transaction.
I mean we normally end up with some sort of bitcoin run then some sort of altcoin run at seemingly random periods. People might be expecting the 4 year continuation pattern of bitcoin to keep going and, if this happens, altcoins should see major growth around q3 next year (Oct-Dec). There could be mini rallies half way through next year too imo. Somewhere around March but it might depend on how the economy is doing between now and then...
From couple of weeks we have seen a good percentage of growth when it comes to bitcoin but still it has not made any huge impact over altcoin prices which was not the case earlier, some of us including myself started thinking altcoins have lost its charm and eventually end up as shitcoins except top altcoins. Guess what, I was wrong just like whole bunch of people who assumed it because if we go back and look at last 20 month's performance of altcoins and bitcoin both have performed really well but we are just short sighted who once looks for few week's data and concludes our research.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
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