Alts fall, Bitcoin falls ... where is the money going?

8Habits

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Quote from: Lieldoryn on July 25, 2017, 10:51:27 PM

How would supporters of altcoins not trying to say that bitcoin passed their position but it is not. He remains No. 1 in the world of crypto currency and any problems with bitcoins is immediately reflected on all, without exception, altonah. Even when the price of bitcoin dropped to $ 2,100 a decided to buy a bitcoin and I was right.

Bitcoin is just like the father of all altcoins. Their reputations and potentials are mostly coming from bitcoin - not 100% but at least with bitcoin, people already have mindset and knowledge about bitcoins and there is easy adoption to altcoins by them.

Lieldoryn

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How would supporters of altcoins not trying to say that bitcoin passed their position but it is not. He remains No. 1 in the world of crypto currency and any problems with bitcoins is immediately reflected on all, without exception, altonah. Even when the price of bitcoin dropped to $ 2,100 a decided to buy a bitcoin and I was right.

Vohoanghiep

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Quote from: mike4001 on July 10, 2017, 02:19:48 PM

Hi

Thread title says it basically.

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

Because it was the main victim affected by the August 1 event, its price was falling. Besides, when other Altcoin are falling they still believe in Bitcoin so it is normal to dump them all into Bitcoin. Besides, the price of Bitcoin is low so buying and storing it is simple. They are doing it

gribble

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Bitcoins and all of altcoins price went down the money go to the fiat money, the traders who has large of capital, they sold out all of the digital coins to fiat and hold it because the fiat money is the most stable than digital currencies and it is more safe, they wait until the trend of price start going up again then start buy back again.

leonix007

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Should I Say ' Bitcoin Falls, then Alt Falls', its obviously observed, when the mother falls, the children follows.

8Habits

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Quote from: Blackwhite69 on July 25, 2017, 12:33:37 AM

Quote from: zarados on July 10, 2017, 07:43:03 PM

Quote from: crazyivan on July 10, 2017, 03:38:23 PM

Just do not look at red candles. Come back in 3 weeks time to see lots of green ones.

If u re not a speculator, dont trade, just walk away.

Agree, If you want to succeed, think about its success, do not think about the difficulty. Because it will bother you in enjoying the process.

That right, because if you want to get success then you have to go through distress.

agree with you. That is why based on Tim 4 hour week book, you can be effective and feel stress-free if you only work 4 hours a week and spend most of the time doing things that you love without stress at all.

Blackwhite69

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Quote from: zarados on July 10, 2017, 07:43:03 PM

Quote from: crazyivan on July 10, 2017, 03:38:23 PM

Just do not look at red candles. Come back in 3 weeks time to see lots of green ones.

If u re not a speculator, dont trade, just walk away.

Agree, If you want to succeed, think about its success, do not think about the difficulty. Because it will bother you in enjoying the process.

That right, because if you want to get success then you have to go through distress.

8Habits

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Quote from: joebrook on July 24, 2017, 01:03:23 PM

Quote from: mike4001 on July 10, 2017, 02:19:48 PM

Hi

Thread title says it basically.

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

Thats actually because people are chasing out their cryptocurrency for fiat, this may be due to doom and gloom being forecasted by the so called analysts and others using it to buy precious metals like gold and silver which is far more stable than cryptocurrencies.

it is just a matter of the law of demand and supply in the market. When good traders feel that there will be greater demand for bitcoins based on market impulse, they will transfer their coins to buy bitcoin ahead of time and watch their income grow.

JNiks_ZLisa

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Quote from: mike4001 on July 10, 2017, 02:19:48 PM

where is the money going?

Finish at now, need wait till Trump print more.

joebrook

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Quote from: mike4001 on July 10, 2017, 02:19:48 PM

Hi

Thread title says it basically.

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

Thats actually because people are chasing out their cryptocurrency for fiat, this may be due to doom and gloom being forecasted by the so called analysts and others using it to buy precious metals like gold and silver which is far more stable than cryptocurrencies.

cjmoles

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Oh, there's the money. I think we found it! @coinmarketcap: Market Cap: $95,667,404,414 / 24h Vol: $2,204,774,246 / BTC Dominance: 47.4% The markets ebb and wane; those who understand the ebb and flow of the markets, know where they're going....those who don't, need directions. Patience!

8Habits

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Quote from: Webetcoins on July 24, 2017, 12:40:59 PM

Quote from: carlfebz2 on July 23, 2017, 09:58:21 AM

Quote from: mike4001 on July 10, 2017, 02:19:48 PM

Hi

Thread title says it basically.

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

Its not really necessary for those who sold their alts just to buy bitcoins since some of those holders do tend to sell off for cashing out on fiat without the plan on putting or buying again on bitcoin and they are not always been correlated which means random dips and rises would really be seen. If you see reds either on bitcoin or alts then just one thing to be say on which people are switching out to fiat.

yes you are right the bitcoin is not same for those of sellers and the investors. Personally I think the panic selling can give you loss instead of profit but the reason behind selling bitcoin is common by all now as there are some traders they look for the fast profit and they want to get rich as fast as they can they don’t wait for the price to get more high.

It potentially goes to people that have bought on panic selling and sell when people are greedy. This is easier said than done though.

Webetcoins

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Quote from: carlfebz2 on July 23, 2017, 09:58:21 AM

Quote from: mike4001 on July 10, 2017, 02:19:48 PM

Hi

Thread title says it basically.

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

Its not really necessary for those who sold their alts just to buy bitcoins since some of those holders do tend to sell off for cashing out on fiat without the plan on putting or buying again on bitcoin and they are not always been correlated which means random dips and rises would really be seen. If you see reds either on bitcoin or alts then just one thing to be say on which people are switching out to fiat.

yes you are right the bitcoin is not same for those of sellers and the investors. Personally I think the panic selling can give you loss instead of profit but the reason behind selling bitcoin is common by all now as there are some traders they look for the fast profit and they want to get rich as fast as they can they don’t wait for the price to get more high.

carlfebz2

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Quote from: mike4001 on July 10, 2017, 02:19:48 PM

Hi

Thread title says it basically.

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

Its not really necessary for those who sold their alts just to buy bitcoins since some of those holders do tend to sell off for cashing out on fiat without the plan on putting or buying again on bitcoin and they are not always been correlated which means random dips and rises would really be seen. If you see reds either on bitcoin or alts then just one thing to be say on which people are switching out to fiat.

HeRetiK

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Quote from: stompix on July 23, 2017, 09:41:20 AM

Quote from: jamirrah on July 22, 2017, 12:06:23 AM

But 4days ago btc price starts to pump up again and became even higher than its price before the continues drop started. But still unless segwit is done we wont really know whats going to happen.

Nothing spectacular will happen.
Segwit will get activated there will be no chain split no 3 bitcoins no nothing.

The BCC hardfork is still going to happen on August 1 and Segwitx2 is also still up for debate. I doubt that BCC will become much more than an alt coin though, as it looks more like a last ditch effort to get rid of Segwit, whatever the cost.

Bitware

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Quote from: mike4001 on July 10, 2017, 02:19:48 PM

where is the money going?

Into the pockets of peole who sold.

stompix

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Quote from: jamirrah on July 22, 2017, 12:06:23 AM

But 4days ago btc price starts to pump up again and became even higher than its price before the continues drop started. But still unless segwit is done we wont really know whats going to happen.

Nothing spectacular will happen.
Segwit will get activated there will be no chain split no 3 bitcoins no nothing.

And the market has already taken that into account.
The price are at the level before the whole segwit core unlimited etc etc drama started.

btcforchild

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When you see bitcoin rising prices you'll also see Altcoin prices go down, so it would be like that any time, people sell altcoin due to get huge profits selling bitcoin.

jamirrah

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Quote from: NavySeals on July 10, 2017, 02:48:27 PM

Quote from: mike4001 on July 10, 2017, 02:19:48 PM

Hi

Thread title says it basically.

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

Money is leaving the market. This is very consistent with the expected scenario. They all wait for segwit activation and before it we'll never see bright days.

But 4days ago btc price starts to pump up again and became even higher than its price before the continues drop started. But still unless segwit is done we wont really know whats going to happen.

crazyivan

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Ah, if price movements would be so simple and logical as you suggest.

People still fear of Aug 1 and some re reducing their crypto positions. Some do buy BTC. However, I do see strong alt growth after Aug 1 and I do not make mistakes very often about price.

Topic: Alts fall, Bitcoin falls ... where is the money going? (Read 5630 times)