Altcoins are dying !!! - page 18. | Bitcointalksearch.org

Trimegistus

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Quote from: p3ppymon on December 08, 2017, 11:21:16 AM

Altcoins are not dying at all! However, there is too much correlation with the former bitcoin and they difficultly will decouple this bond.
Nevertheless, if you look at the dollar/robust coin pairs, you will see a steady increase in price (ETH, LTC and dash for example), which translate in stron community support. Moreover, those altcoins are quite useful indeed for the overall environment.

The BTC/altcoin correlation is misleading and cannot be used as a measure of value by itself. One should also pay attention to the fiat/altcoin evolution because that is also very important and the communities supporting the altcoins pay close attention to both factors.

Many altcoins are being dumped because a significant portion of of those holding them were just waiting for a chance to make a quick buck and are not true supporters of the coin.

A strong community won't dump a coin only because BTC is skyrocketing. And when we talk about modern implementations, with PoS 3, masternodes and a strong dev team, the coin will thrive while others are just dumped.

Take a look at DMD's last month performance in these harsh times:

Breaking records! Why? Because we believe in it, we don't dump. We don't care for the BTC forks, our diamonds are a safer bet.

finzyoj

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Quote from: p3ppymon on December 08, 2017, 11:21:16 AM

Altcoins are not dying at all! However, there is too much correlation with the former bitcoin and they difficultly will decouple this bond.
Nevertheless, if you look at the dollar/robust coin pairs, you will see a steady increase in price (ETH, LTC and dash for example), which translate in stron community support. Moreover, those altcoins are quite useful indeed for the overall environment.

True, it is too exaggerated to exclaim that altcoins are dying just because the prices are going down. You must know that when it comes to crypto this is just normal and there is no need to panic. The prices are not stable and that there are times that it is high/low. Search about the volatility of the coins to understand what we are all trying to say. Thinking about altcoins dying because of dumps or crashes was very naive. The OP should read more.

light22man

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Quote from: warden on December 06, 2017, 03:39:26 PM

just woke up on this massive dump !

what do you think it's causing this ? and do you think this is the best time to buy ? or it will dump even more Shocked

As we see now it was good time to buy altcoins at their support level, I am made already around 15% profit.

aneeqvalam

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alts dump because of btc but this time they will recover fast wait and watch

NeverSop

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HODL

If you are holding many altcoin then I understand that you are very anxious. The altcoin market is deeply discounted due to the impact of bitcoin. But I think you should be calm because early in 2018 will be the time when the crypto market grows again.

Muhammad Muneeb

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it was the best time to buy you favorite alcoins cheap and maintain your portfolio. you have seen it as death of altcoin but it was an opportunity to buy more at cheap. now market has recovered and the people who bought alts cheap now can get some profits.

davidroux

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It is just a market's correction, you dont need to be too nervous. Before each hard fork, altcoin price will goes down, and that is the good time to buy potential altcoins.

romero121

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The value of the altcoins has gone down and the same doesn't mean that they are dying. As each and every altcoin has got the dependence on bitcoin in terms of trading as well upon the market capital generation the growth has come down. At the same time period more altcoins have been growing high in value. Soon can expect mutual growth.

Daveeoff

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Nah, they are not. Just Bitcoin is rising and people see more potential in Bitcoin at the moment so they are moving their money.

bribed

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I dont see this as a pump, I see it rather as a massive run on Bitcoin that happened so fast that the demand way outweighed the supply and therefore price soared up. Surely this affects the altcoin markets in a negative way as it always is, but I am certain that they will also recover sooner or later.

p3ppymon

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Altcoins are not dying at all! However, there is too much correlation with the former bitcoin and they difficultly will decouple this bond.
Nevertheless, if you look at the dollar/robust coin pairs, you will see a steady increase in price (ETH, LTC and dash for example), which translate in stron community support. Moreover, those altcoins are quite useful indeed for the overall environment.

Sparky71

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It's a big world. My gut tells me that there are too many alt coins/currencies to be sustainable in the long run, and people are making more every day. I am skeptical. I think there is room for a few that will get global mindshare. Others will be limited in market scope. But the big ones like BTC and ETH and their first derivatives will sway the markets for the others for a long time. I have a background in Econ, but still feel I am only scratching the surface with my understanding of Crypto. What an exciting time to observe and look for opportunities.

Domenc

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Last time, this scenario occurred was not long time ago when Bitcoin gold pumped the Bitcoin price to high extent and it is happening again when Bitcoin price is sky rocketing once again making alt coins bleed brutally. Investors are pushing money towards Bitcoin and everyone's eye is set upon the price of Bitcoin. But once the fall comes, many altcoin will pump and it could pump altcoin once again.

Itjoker

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This is a natural reaction, when one asset that trades in relation to the second starts to fall in price when the price of the second increases. Of course, after the stabilization of Bitcoin's price, the altcoins will begin to recover. But you need to consider that 90% or more of the coins in the future will disappear.

pugman

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Quote from: warden on December 06, 2017, 03:39:26 PM

just woke up on this massive dump !

what do you think it's causing this ? and do you think this is the best time to buy ? or it will dump even more Shocked

Ikr, I feel the pain man. Even Im in quite a big loss, damn I should used stop loss in the first place. This sucks. So much of bitcoin pumping has belittled altcoins as hell as If they already weren't that little. Cry

Olalomi

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I believed those altcoins are too many that facilitiates them being dumped It could have been better to have few of them to compete with bitcoin ethereum, litcoin and may be five more will have been better.

Kemarit

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Given the fact that bitcoin is rising very quick, I'm sure that there are investors who doesn't want to miss and immediately jump on the bitcoin and most probably have dump their altcoins in favor of the most lucrative coin that is - Bitcoin. But I can't say that altcoins are dying, altcoins has also enjoyed impressive increase this year, and if not for the China ICO banning news, altcoins could be enjoying a much better year this 2017. Bitcoin just gained this interest again, because of all the offerings regarding bitcoin future contracts. But when everything settles and everyone go back to their rational, I think they will go back to altcoin market as well. So for me they are not dying, just taking a small break, they will have their time to shine in 2018.

Dodoymabs

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Quote from: onlinedragon on December 06, 2017, 05:23:41 PM

This is happening all the time when Bitcoin is setting a new all time high, it’s a high risk to trade any altcoin paired with Bitcoin. By this reason I started trading altcoins paired with usd(t) and patience is the key to success.

Altcoins are facing serious problems due to the sudden rise of bitcoins value and it keeps pumping. Many transactions are affected due to this cryptokitty I don't know why until now the problem still not being solved. All we really have to do right at this moment is to wait and let them troubleshoot the existing technical issue.

Manchumichael

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Quote from: Escrowdev on December 08, 2017, 08:07:30 AM

Altcoins are not dying.

Once Bitcoin price gets a bit more stable, I believe that most altcoin prices will rebound.

Time will tell.

Yup trade market is like this if one coin is dying another coin will be in increasing. Look at waves, Iota, Bitsend and others coins are in peak last few days. We have many good altcoins in the market depends on the time it will increase. So whenever the price drops just wait for a good time.

qiwoman2

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It all depends on what altcoins you are invested in and buying. I have seen a couple gain twenty percent over the last twenty four hours as we have seen a pull back in the Bitcoin price. This is how it goes, whales will now pump alts for a few days to make their new weekly profit before Bitcoin gets pumped and dumped for another session, so they can get their fiat bags. Altcoins are used and abused often, but many do actually;y have good business models and roadmaps and deserve some merit for their technical, fintech and business advancements.

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