A lot of altcoins are now in green numbers now that bitcoin has been falling a bit.
I dont know what is going to happen to bitcoin, but maybe it will drop a bit during the next few days because bitcoincash is going to start attacking the network again.
And this might decrease the price of bitcoin by a lot of money, maybe it will touch less than $7000 again, but then it will suddenly go up just like it has always been doing on the past.
Just lets see what happens on the next days, i really hope to dont see it going down again.
Topic: Altcoins Prices: The Uptrend is “Contagious” (Read 400 times)
I think as bitcoin slowly trends upward altcoins will follow along. If an altcoin can hold it's value against BTC and BTC goes up in USD, then altcoin USD goes up. The problem that I see is that when BTC spikes a lot of people get out of alts to get into BTC which drives alts down. For now I don't really care about ALT/USD price, I am trying to maximize my BTC holdings. It takes time and patience and you have to make logical trades not emotional trades.
My feeling is that since bitcoin has gone has risen to current price levels, people are looking for other options as well.
Bitcoin's popularity is continuing, and it really helps all kinds of altcoins.
I still believe that yes market prefers bitcoin over every other coins, but market is transforming. Altcoins will be stronger.
I still believe that yes market prefers bitcoin over every other coins, but market is transforming. Altcoins will be stronger.
Coins that shows an uptrend are the one who gets an organic increase of price and not by those pump and dump groups who just feed themselves. Ripple (XRP) is one of those gainers whos price increased in the last 24 hours because of their recent announcement that Amex that they tied up with Ripple for Blockchain payments. BCC or Bitcoin Cash is one of those losers who slowly losing its ground day by day after being pumped in an attempt to dethrone Bitcoin.
XRP's price rise was also an obvious pump due to that news. It went down and back under .00003 BTC a day after the pump.
And don't hate on Bcash too much. Instead, try to make some BTC from its movements. I think there's still some potential profit making moves left.
Agree with the bit in bold. The Amex deal looks like it will use Ripple's underlying technology but not their coin - so there is no demand for the coin and no reason for it to rise at all. It was pumped based on investors misunderstanding what the Amex deal was all about.
That's as expected, its total volume and market cap is very high, this makes the price be under a pressure. When it goes up, lots of people sell and realize their profit. It won't be easy for ripple to boom.
Coins that shows an uptrend are the one who gets an organic increase of price and not by those pump and dump groups who just feed themselves. Ripple (XRP) is one of those gainers whos price increased in the last 24 hours because of their recent announcement that Amex that they tied up with Ripple for Blockchain payments. BCC or Bitcoin Cash is one of those losers who slowly losing its ground day by day after being pumped in an attempt to dethrone Bitcoin.
XRP's price rise was also an obvious pump due to that news. It went down and back under .00003 BTC a day after the pump.
And don't hate on Bcash too much. Instead, try to make some BTC from its movements. I think there's still some potential profit making moves left.
Agree with the bit in bold. The Amex deal looks like it will use Ripple's underlying technology but not their coin - so there is no demand for the coin and no reason for it to rise at all. It was pumped based on investors misunderstanding what the Amex deal was all about.
Coins that shows an uptrend are the one who gets an organic increase of price and not by those pump and dump groups who just feed themselves. Ripple (XRP) is one of those gainers whos price increased in the last 24 hours because of their recent announcement that Amex that they tied up with Ripple for Blockchain payments. BCC or Bitcoin Cash is one of those losers who slowly losing its ground day by day after being pumped in an attempt to dethrone Bitcoin.
XRP's price rise was also an obvious pump due to that news. It went down and back under .00003 BTC a day after the pump.
And don't hate on Bcash too much. Instead, try to make some BTC from its movements. I think there's still some potential profit making moves left.
big problem for Altcoins is BCH because most of people use bitcoin and other was go to ETH , litecoin.
increase of ETH price now make all support in BTC or BCH only.
it is up to you but if you are smart you will choose to investment in bitcoin and bitcoincash beause bitcoin cash value increase day by day and when prices reach good amount buy bitcoin and wait bitcoin break some resistance value then sell it to cash and use that cash to buy bitcoin when price dropping.
increase of ETH price now make all support in BTC or BCH only.
it is up to you but if you are smart you will choose to investment in bitcoin and bitcoincash beause bitcoin cash value increase day by day and when prices reach good amount buy bitcoin and wait bitcoin break some resistance value then sell it to cash and use that cash to buy bitcoin when price dropping.
PIVX solves a lot of BTC issues, I think that coin will do very well in the medium term as people figure out how much better at "cup of coffee" type transactions it is.
The moral of the story is that each alt coin needs to be able to stand on it's own. eg LISK and NEO are surging right now for their own good reasons.
Bitcoin cash has been the only one who lost a lot of money today, it is going down so quickly..
but i remember that yesterday i said that bitcoin cash was going to be under one k by today, and i was right with that. It is an useless coin and it has only been used in order to earn some easy money from the pumps and dumps that it could had. They have milk-out all the money that they could from this coin, and it is not going to touch a new all time high because it is impossible.
But lisk has been the only one who increased a lot today, followed by IOTA.
but i remember that yesterday i said that bitcoin cash was going to be under one k by today, and i was right with that. It is an useless coin and it has only been used in order to earn some easy money from the pumps and dumps that it could had. They have milk-out all the money that they could from this coin, and it is not going to touch a new all time high because it is impossible.
But lisk has been the only one who increased a lot today, followed by IOTA.
Coins that shows an uptrend are the one who gets an organic increase of price and not by those pump and dump groups who just feed themselves. Ripple (XRP) is one of those gainers whos price increased in the last 24 hours because of their recent announcement that Amex that they tied up with Ripple for Blockchain payments. BCC or Bitcoin Cash is one of those losers who slowly losing its ground day by day after being pumped in an attempt to dethrone Bitcoin.
Yes, I agree with you about Ripple. But some other great coins with high market cap such as Litecoin, Ethereum, Dash, Monero and Waves are falling. They are not manipulated by pump and dump groups.
Seems that all the altcoins are falling and I think ripple will start to fall soon.
Coins that shows an uptrend are the one who gets an organic increase of price and not by those pump and dump groups who just feed themselves. Ripple (XRP) is one of those gainers whos price increased in the last 24 hours because of their recent announcement that Amex that they tied up with Ripple for Blockchain payments. BCC or Bitcoin Cash is one of those losers who slowly losing its ground day by day after being pumped in an attempt to dethrone Bitcoin.
Another day has made hay of the gloomy forecasts about the downfall of altcoins.
Since Bitcoin has stabilised from its crash, the most popular altcoins have steadily been increasing in price. It is so far unknown if the uptrend is sustainable, and no one expects a drastic rise of any of the coins.
However, it seems the support of cryptocurrencies is increasing. This is probably due to Senator Paul Rand’s announcement of the cancellation of the individual mandate portion of Obamacare in line with tax legislation. This has a negative effect on the dollar, making people turn to cryptocurrency.
The full article: https://coinidol.com/altcoins-prices-uptrend-is-contagious/
Since Bitcoin has stabilised from its crash, the most popular altcoins have steadily been increasing in price. It is so far unknown if the uptrend is sustainable, and no one expects a drastic rise of any of the coins.
However, it seems the support of cryptocurrencies is increasing. This is probably due to Senator Paul Rand’s announcement of the cancellation of the individual mandate portion of Obamacare in line with tax legislation. This has a negative effect on the dollar, making people turn to cryptocurrency.
The full article: https://coinidol.com/altcoins-prices-uptrend-is-contagious/
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