Altcoins will die due to Bitcoin bull run(ETF, big institutional investors)? - page 3.

CryptoBry

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Quote from: batang_bitcoin on August 16, 2018, 11:20:34 PM

Bitcoin dominance increase to almost 55% few days ago and now that the market looks healthy again with alts pumping again. The dominance of bitcoin went down to 52.6% as of now. Bitcoin is near to hit $6,500 again and for sure few days from now we'll see $7,000 soon. I don't think that all altcoins will die if bitcoin ETF goes on the track, some will survive.

This is just a cycle actually. when Bitcoin is down everything else is also down as there remains to be no decoupling from the King of Cryptocurrency which is of course Bitcoin. Where Bitcoin is going the res of the gang has no choice but to follow. Now, having said that, I think many of the projects already in the market will eventually die a natural death and it has nothing to do with Bitcoin it is because they are losing the interest of the market and one big reason is that these project got no traction at all and no real-world uses. Let's hope for the best that come 2019 the market can be better for the whole industry.

batang_bitcoin

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Bitcoin dominance increase to almost 55% few days ago and now that the market looks healthy again with alts pumping again.

The dominance of bitcoin went down to 52.6% as of now.

Bitcoin is near to hit $6,500 again and for sure few days from now we'll see $7,000 soon. I don't think that all altcoins will die if bitcoin ETF goes on the track, some will survive.

duyduc256

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Quote from: Maxre on August 16, 2018, 09:01:46 PM

maybe it is true that some alt coins that do not have prospects in the future will die when bitcoin bull runs, but a strong alt coin will become X10 - X100 following the trend in bitcoin.

It's hard to predict but I hope it can happen soon because people are showing signs of investing in altcoin more because they want to make a big profit from this market. Personally I am sure if the ETF accepts this market will enter the best development phase and all will go to the moon

rodskee

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Quote from: jt byte on July 23, 2018, 04:18:16 PM

Hi, crypto enthusiasts!
I am thinking about recent situation on the crypto market. It seems that Bitcoin found the bottom and big investments are coming, but if you look at altcoins, almost every altcoin is bleeding and money is now moving into Bitcoin. Current Bitcoin dominance 47%!
Don´t you think that this could be end for many altcoins? Big institutional investors will not invest into altcoins...
What is your opinion.
Thank you!

I didn't believe your opinion sorry for that do not offend not all altcoins go to die specially the strongest top 20 in the row goes pump if bitcoin once bitcoin bull run some shitcoins goes to die but not all and also i beleve some shitcoin have possible to become expensive.

Maxre

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maybe it is true that some alt coins that do not have prospects in the future will die when bitcoin bull runs, but a strong alt coin will become X10 - X100 following the trend in bitcoin.

BartS

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Quote from: blokceyin on August 11, 2018, 05:28:58 PM

Exactly. ETF postponed for now but that doesn't matter. It will be accepted in the near future and it will have a big impact on all the good projects (even for the bad ones).

I will not be so positive that the ETF is going to be acepted in the near future, what makes you think that is going to be the case? Because I do not see why the SEC could change its mind so soon when the market has not changed that much, besides even if a lot of people are pushing for a bitcoin ETF I am not so sure this is going to benefit the market, many people see this is a the point of entry of institutional money but I think this will also be an attempt to try to suppress the price of bitcoin.

kindbtc

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Lol at the moment btc is also struggling and this trend is continued from last 8 months which is supposed to be a long time in crypto, secondly we do not exactly know when etf will be approved, although i do agree that etf will result in 10-100x in btc in few months after approval but we still do not know when it is going to happen.

Gaff

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Quote from: jt byte on July 23, 2018, 04:18:16 PM

Hi, crypto enthusiasts!
I am thinking about recent situation on the crypto market. It seems that Bitcoin found the bottom and big investments are coming, but if you look at altcoins, almost every altcoin is bleeding and money is now moving into Bitcoin. Current Bitcoin dominance 47%!
Don´t you think that this could be end for many altcoins? Big institutional investors will not invest into altcoins...
What is your opinion.
Thank you!

I don't think that altcoin will die upon the resurrection of the bull, it has been observed that top altcoins have taken a ride whatever movements bitcoin has, so if bullish period of bitcoin will come I'm pretty sure same with of top coins but definitely there are some altcoins will die for not sustaining the value of their existence.

2@abcdeeply

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BTC is sustainable development, they will never die, they will grow again later this year, I believe this will definitely happen.

generalizethis

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Facts are more efficient than fud

Quote from: jt byte on July 23, 2018, 04:18:16 PM

Hi, crypto enthusiasts!
I am thinking about recent situation on the crypto market. It seems that Bitcoin found the bottom and big investments are coming, but if you look at altcoins, almost every altcoin is bleeding and money is now moving into Bitcoin. Current Bitcoin dominance 47%!
Don´t you think that this could be end for many altcoins? Big institutional investors will not invest into altcoins...
What is your opinion.
Thank you!

Pull your charts out further. Bitcoin had 95% dominance 4 years ago and it has been a steady downhill slide ever since. Alts make runs in bull markets and consolidate to Bitcoin during bear markets (though it's mostly to dollars, but let's not make the obvious too obvious). I think this trend (Bitcoin sucking a little less than alts) will break once another coin reaches the top position, but that may take another year or two based on the longer trend.

People realize that Bitcoin reaching a million is less likely than (insert alt here) reaching a similar 200x gain--there aren't enough libertarian posers to fulfill that demand as Bitcoin's most recent advertised reason for existing is a political argument, not a technological one. Add the fact that fiat-to-crypto gateways are increasing, and that Bitcoin's real main purpose is for alt trading, so Bitcoin's actual usecase, the one that Bitcoin maximalist refuse to acknowledge, will disappear before they know they were biting the hand that feeds them every time they called an alt a shitcoin.

There used to be a time when people quoted their alt prices in BTC, now most people quote prices in dollars--funny how subtly language can clue you in to the bigger picture.

Bharathi13

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Decisions on Bitcoin ETF got delayed again, investors are speculating that the price of BTC to moon around 10x when Bitcoin ETF get approved. Because of this reason so many investors we're saling their altcoins and we're buying BTC, IMO this is the big reason which resulted in the rise of BTC dominance. Since the Bitcoin ETF is already delayed now manipulates are working to buy more BTC as much as they can. This whole crypto market is not dependent on BTC but the actual use cases too of the blockchain assets. I don't agree with the altcoins getting dead in future statement, infact if you see history altcoins takes rally with the Bitcoin. Whether it may be going down in the price or going up in the price as BTC is the main trading pair on all the major exchanges. Institutional investors will surely invest in upcoming altcoins if they found project useful and have good pottential. Institutional investors as well as VCs gets huge discounts on the ICOs when they invest.than why not they will invest in altcoins.

Cryptomilz

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Quote from: piterpie on July 24, 2018, 06:51:07 AM

Agree with your comments. Currently, I have sold 10 ETH and invested in Bitcoin during this time. I believe the price of bitcoin will increase to $ 10,000 in a few days. Do not invest in altcoin when Bitcoin prices are rising

Hi, how did this go for you? I'm sure you didn't hit your target, but did you make profits taking the is trade?

nizelong

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If Bitcoin can be a pump, then I would love to see the death of most altcoins, because they not only have no value, but also constantly absorb the investors' funds. If the market can carry out such cleaning, then I think Bitcoin can be better developed!

acmrl

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At december everybody invested to bitcoin, so altcoins were died? Anything died, after btc alts party starts evertime it is doing like this so I dont agree with you unfortunately.

mobilezz

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The bulls come at once will break your assumptions and show that the Alts are much easier to climb and up-to-date on technology. We have a future for them and they are increasingly attracting investors with little capital.

jamids

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Quote from: Sephire on August 11, 2018, 08:20:25 PM

There are plenty of altcoins with real business use-cases so those are not going to die. Bitcoin surely leads any new bull run but most altcoins will also follow it back up.

Those who has good fundamentals and already has projects that are running would have a possibility of following bitcoin while those coins that are not backed yet by anything and only has volume because they are used by whales or some groups for their pump and dump schemes would probably be left behind. Many coins are like that nowadays and if you think you are holding one then better think of you would continue holding it or sell and then buy a coin that has been existing for a long time and has the history of following bitcoin's price.

Sephire

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There are plenty of altcoins with real business use-cases so those are not going to die. Bitcoin surely leads any new bull run but most altcoins will also follow it back up.

JNR

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Quote from: coinwizard_ on August 07, 2018, 04:14:02 PM

If you look at the last bull run it first started with bitcoin dominance and alts bleeding, but then the alts rallied and many of them were more profitable than bitcoin. Don't rule out the alts, they will make a comeback when bitcoin stabilises.

Yes,, thats right and Buying altcoins is one from many way to get more bitcoin
all of crypto traders want to collect more bitcoin, because they believe if bitcoin price will growing hard in the future

blokceyin

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Quote from: w33man on July 23, 2018, 08:06:33 PM

Quote from: jt byte on July 23, 2018, 04:18:16 PM

Hi, crypto enthusiasts!
I am thinking about recent situation on the crypto market. It seems that Bitcoin found the bottom and big investments are coming, but if you look at altcoins, almost every altcoin is bleeding and money is now moving into Bitcoin. Current Bitcoin dominance 47%!
Don´t you think that this could be end for many altcoins? Big institutional investors will not invest into altcoins...
What is your opinion.
Thank you!

No, it is normal for altcoins to bleed once the bitcoin price starts to rise. Once bitcoin price became stable and increased, the altcoin price will start recovering, investors will buy back on altcoins. Some altcoin might die, especially those who have no working product or no real purpose.

Exactly. ETF postponed for now but that doesn't matter. It will be accepted in the near future and it will have a big impact on all the good projects (even for the bad ones).

BartS

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Quote from: coinwizard_ on August 07, 2018, 04:14:02 PM

If you look at the last bull run it first started with bitcoin dominance and alts bleeding, but then the alts rallied and many of them were more profitable than bitcoin. Don't rule out the alts, they will make a comeback when bitcoin stabilises.

But what you forget is that alts went up first and decreased the bitcoin dominance because there was a lot of uncertainty about whether or not we will get segwit activated and there were announcement of forks of bitcoin, this created mistrust in bitcoin and this was when ethereum got very close to bitcoin in market cap to the point people thought there will be a flip between the coins, but this got resolved thanks to the developers that were willing to do everything to get segwit approved and since then bitcoin has not looked back.

Topic: Altcoins will die due to Bitcoin bull run(ETF, big institutional investors)? - page 3. (Read 830 times)