Topic: ALTS vs BTC (Read 1599 times)
Alts are all dropping because of no big cash infusions by the big investors keeping price going up and making it seem like those alts are actually used. In reality they're not, they're just held by a couple of big investors and guys looking to get rich quick and when they dump it'll be catastrophic. If we have a big enough rally in BTC you'll really see the alts in red like today.
alts are faltering right now. it's been an incredible run byt maybe it's time for a rest.
future alt pumps will get bigger and bigger right alongside bitcoin's growth.
more people will want the same action. that being the case i can't see much of a future for most of the big alts unless they collapse.
noobs want 10x gains like the old days. something like dash can't supply that and it's no good for anything else.
future alt pumps will get bigger and bigger right alongside bitcoin's growth.
more people will want the same action. that being the case i can't see much of a future for most of the big alts unless they collapse.
noobs want 10x gains like the old days. something like dash can't supply that and it's no good for anything else.
Its just a whale game to pump&dump alts to steal noobs their btc. Thats whats going on. Greed is the backbone of the altcoinmarket. Let them play while btc keeps going up. Btc is long term; alts = pump&dump
If it is a whale game of pump and dump, they have decided to pump Bitcoin and dump alts today!I just took my regular look at Poloniex to see the prices, the sea of red that I found was pretty shocking.
I guess people who invest a large percentage in alts must be either used to it, or happy to hold. Bitcoin is hardly a stable priced currency, but in comparison it is a rock!
Stellar was 300sats a few days ago, went up to 3300sats and is now 1440sats. That is crazy.
Bitcoin is the real investment anyway, I don't trust alts for anything more than a quick in and out trade.
I don't know whats going on but I feel like this all is just an huge bubble. Btc going up alts get down and up. The storm is coming.
Just hold and see if we can reach that 2k$ till the end of the summer. If not faster? I don't even know what to think atm, this is just to fast.
Just hold and see if we can reach that 2k$ till the end of the summer. If not faster? I don't even know what to think atm, this is just to fast.
Probably for long-term investments I would choose bitcoin, but for short-term investments I might choose altcoin, because I always use altcoin for trading, and it's really profitable. Well, maybe a very high bitcoin price makes people think to use bitcoin.
As of this moment according to CoinMarketCap BTC is sitting pretty at a $27B Market Cap. Altcoins from #2-#99 have a combined Marketcap of $25.35B.
What would happen if the combined top 99 Alts were to take over BTC in terms of Marketcap? Trading volume has most likely surpassed it by far already, but is it not concerning at all that we are looking at ATH prices for BTC while almost all the charts for ALTs are also trading at an ATH? Where does it end?
If new money is coming in, smart money, supporting BTC and helping with this increase, I've no idea why so much money is getting flushed down to alts. Speculation purely or has someone or some group made a big move here? Does not seem too unlikely, if they are not familiar enough with crypto why would they not spend the majority of their fiat on BTC and drop it down to all below in various amounts to make sure they are good regardless of which market takes a hit.
For me these are exciting but scary times. As of right now I'm not too sure whether to hodl, sell or even buy more.
Who is behind all of this? Does anyone have any clear view of what has made us spike in this manner, this highly unlikely and weird manner?
-Hhampuz
What would happen if the combined top 99 Alts were to take over BTC in terms of Marketcap? Trading volume has most likely surpassed it by far already, but is it not concerning at all that we are looking at ATH prices for BTC while almost all the charts for ALTs are also trading at an ATH? Where does it end?
If new money is coming in, smart money, supporting BTC and helping with this increase, I've no idea why so much money is getting flushed down to alts. Speculation purely or has someone or some group made a big move here? Does not seem too unlikely, if they are not familiar enough with crypto why would they not spend the majority of their fiat on BTC and drop it down to all below in various amounts to make sure they are good regardless of which market takes a hit.
For me these are exciting but scary times. As of right now I'm not too sure whether to hodl, sell or even buy more.
Who is behind all of this? Does anyone have any clear view of what has made us spike in this manner, this highly unlikely and weird manner?
-Hhampuz
nothing will happen, there is just more money in crypto, see crypto as a whole not bitcoin against altcoin, bitcoin will never collapse because there are more money in altcoin
Bitcoin is getting more and more expensive to pump at current levels, and thus whales will have to shift a part of their focus to altcoins for the best returns. Their wealth is more than enough to make the value of certain coins go x10-x20 (I'm talking about the top coins) in a reasonably short period of time. Look at it from this point -> would you use your power to move Bitcoin's market with 25% at current levels, or will you dive into altcoins where that same amount will be sufficient enough to initiate altcoins to jump up x10-x20? Easy choice, right? Back in the days when the price was just $200 people were speculating about prices of $2000-$5000, but how special are these levels now? 100% increase at current levels means reaching a price of $3400 - the higher the price is, the lower the eventual gains will be.
We are talking about several $B of dollars here. "Just a whale" with that kind of dough? Has to be someone at the top 1% of the top 1% that's very bored if so. I can't believe in that, sadly.
These 'billions of dollars' mysteriously vanish as soon as there's a decent selloff. Check what happened on Kraken last night. It went from $90 to $26 or so in the space of a few minutes during their ddos.
Even the biggest alts are thinly traded, as is BTC but it's a little more robust.
My own pet alt gained and lost around $500 million of market cap in the last 24 hours. That $500 million is probably made up of about $3-5 million of actual trades, none of which ever leaves the exchange and none of which has any intention of actually sticking around. It'll be skipping on to the next one soon. It's completely disembodied money.
The sooner people let go of market cap as any type of measurement the better they'll feel.
Regardless of that alts are going nowhere.
That's a good point and I agree.
Alts not going anywhere is misleading though I'd have to say. For BTC survive the next 5-10 years I am of the belief that we need Alts.
Alts do bring innovation sometimes, but none of them would actually be good enough currencies with a higher transaction volume to do better than fiat so there's no reason for them to do better than Bitcoin. The amount of real money going into alts is really quite insignificant and the market cap of them is meaningless.
~ For BTC survive the next 5-10 years I am of the belief that we need Alts.
and why is that exactly?
what is it that altcoins contribute to the world, specifically to bitcoin that you claim bitcoin needs them to survive in the next 5-10 years?! (apart from their pump and dumps and the profit that we gain, and the damage they do to the publicity of cryptocurrencies where average Joes see them as fake pump and dump coins they lose money in)
Whales find some alts easy to pump hard so they just use their large stakes of bitcoin to set buy/sell wall at different levels to pump and dump the coin where newbie trader always get busted. Only few altcoin have future potential and all other alts that are pumping overnight were just manipulated by those whales.
Its just a whale game to pump&dump alts to steal noobs their btc. Thats whats going on. Greed is the backbone of the altcoinmarket. Let them play while btc keeps going up. Btc is long term; alts = pump&dump
But everyday new altcoins has been introduced in the market. Whales are planning combine the bitcoin and other altcoin mix up with the block chain technology. I will always like to go with the bitcoin only, which cannot be never replaced with the any altcoin.
As we see the recent days bitcoin price is continuously rising without big fork in the chart. I hope it would continue for long time.
alts market cap all depends on the last price that they were traded and thats the price for btc mainly as well. I think that if we don't see scaling problem solved this year that alts might get over 50% trading volume over btc.
The reason is fairly simple, people want money and they see that btc is a giant and they want to put their money and double it tripple it ... While they read about that there is some uncertainty about btc and while they see some alt pumpin they believe that it has value, that it maybe special. But intact they have done their lack of research and they are just buying.
To be honest I am sick of every other alt that is similar to btc nothing special. It would be much better to look to use them than just to pump them and turn money around. Money can't buy you happiness. But I also happen to know that btc and alts are just 70% speculation with an investors folding in the market. But much better is to be able to use them, I think that this is what btc have the most - usability over other alts.
I can not understand why so much people make money with Bitcoin and try to put them in altcoin? Is it really such a strong currency that can bring more profit. The reason is fairly simple, people want money and they see that btc is a giant and they want to put their money and double it tripple it ... While they read about that there is some uncertainty about btc and while they see some alt pumpin they believe that it has value, that it maybe special. But intact they have done their lack of research and they are just buying.
To be honest I am sick of every other alt that is similar to btc nothing special. It would be much better to look to use them than just to pump them and turn money around. Money can't buy you happiness. But I also happen to know that btc and alts are just 70% speculation with an investors folding in the market. But much better is to be able to use them, I think that this is what btc have the most - usability over other alts.
We are talking about several $B of dollars here. "Just a whale" with that kind of dough? Has to be someone at the top 1% of the top 1% that's very bored if so. I can't believe in that, sadly.
These 'billions of dollars' mysteriously vanish as soon as there's a decent selloff. Check what happened on Kraken last night. It went from $90 to $26 or so in the space of a few minutes during their ddos.
Even the biggest alts are thinly traded, as is BTC but it's a little more robust.
My own pet alt gained and lost around $500 million of market cap in the last 24 hours. That $500 million is probably made up of about $3-5 million of actual trades, none of which ever leaves the exchange and none of which has any intention of actually sticking around. It'll be skipping on to the next one soon. It's completely disembodied money.
The sooner people let go of market cap as any type of measurement the better they'll feel.
Regardless of that alts are going nowhere.
That's a good point and I agree.
Alts not going anywhere is misleading though I'd have to say. For BTC survive the next 5-10 years I am of the belief that we need Alts.
To be honest I am sick of every other alt that is similar to btc nothing special. It would be much better to look to use them than just to pump them and turn money around. Money can't buy you happiness. But I also happen to know that btc and alts are just 70% speculation with an investors folding in the market. But much better is to be able to use them, I think that this is what btc have the most - usability over other alts.
I do get what you're feeling and I must admit my early weeks into this forum also gave me that same hopeless feeling about alts. I'm glad I stuck around a little longer and took interest in some of the older ones (my very own special Big Four). I haven't had any practical use in terms of their individual techs for the ones I've kept small holding of except very recently when trying out some of the features of Byteball (using a simple contract to eliminate need for escrow). I know it's not unique to it but had I not used it, I would never have had a chance to try.
Don't give up hope for tech, you'll be in for pleasant surprises!
alts market cap all depends on the last price that they were traded and thats the price for btc mainly as well. I think that if we don't see scaling problem solved this year that alts might get over 50% trading volume over btc.
The reason is fairly simple, people want money and they see that btc is a giant and they want to put their money and double it tripple it ... While they read about that there is some uncertainty about btc and while they see some alt pumpin they believe that it has value, that it maybe special. But intact they have done their lack of research and they are just buying.
To be honest I am sick of every other alt that is similar to btc nothing special. It would be much better to look to use them than just to pump them and turn money around. Money can't buy you happiness. But I also happen to know that btc and alts are just 70% speculation with an investors folding in the market. But much better is to be able to use them, I think that this is what btc have the most - usability over other alts.
The reason is fairly simple, people want money and they see that btc is a giant and they want to put their money and double it tripple it ... While they read about that there is some uncertainty about btc and while they see some alt pumpin they believe that it has value, that it maybe special. But intact they have done their lack of research and they are just buying.
To be honest I am sick of every other alt that is similar to btc nothing special. It would be much better to look to use them than just to pump them and turn money around. Money can't buy you happiness. But I also happen to know that btc and alts are just 70% speculation with an investors folding in the market. But much better is to be able to use them, I think that this is what btc have the most - usability over other alts.
It could be that other whales are making alt coins their playground. For me, this is just a game that they are playing, they will pump a coin and when the stage is ripe already, boom, they sell, causing panic from the newbies so follow through. So its simply a pump and dump purpose only for big whales to play. Money came from whales or other entities, of course making profit is their goal.
We are talking about several $B of dollars here. "Just a whale" with that kind of dough? Has to be someone at the top 1% of the top 1% that's very bored if so. I can't believe in that, sadly.
These 'billions of dollars' mysteriously vanish as soon as there's a decent selloff. Check what happened on Kraken last night. It went from $90 to $26 or so in the space of a few minutes during their ddos.
Even the biggest alts are thinly traded, as is BTC but it's a little more robust.
My own pet alt gained and lost around $500 million of market cap in the last 24 hours. That $500 million is probably made up of about $3-5 million of actual trades, none of which ever leaves the exchange and none of which has any intention of actually sticking around. It'll be skipping on to the next one soon. It's completely disembodied money.
The sooner people let go of market cap as any type of measurement the better they'll feel.
Regardless of that alts are going nowhere.
Its just a whale game to pump&dump alts to steal noobs their btc. Thats whats going on. Greed is the backbone of the altcoinmarket. Let them play while btc keeps going up. Btc is long term; alts = pump&dump
I'd say that for one to make such a statement is pretty irrational and gullible.
We are talking about several $B of dollars here. "Just a whale" with that kind of dough? Has to be someone at the top 1% of the top 1% that's very bored if so. I can't believe in that, sadly.
I've always advocated BTC and said that Alts are only here to increase my BTC holdings whenever I do deals using any of them, but I'm starting to realize that this may not be the case.
The floor is open for discussion though.
I could not agree with you more on that one. And believe me when I say I'm not on the altcoin train or have any sort of FOMO when it comes to Alts. BTC all the way for me but I've been trading alts and been invested in communitys around alts ever since 2013, so there's always something there. Right now I'd say that it's even less than 10 alts that bring any real value, that's why I'm wondering where all of this money is coming from. It can't only be Roger Ver or people alike..
Its just a whale game to pump&dump alts to steal noobs their btc. Thats whats going on. Greed is the backbone of the altcoinmarket. Let them play while btc keeps going up. Btc is long term; alts = pump&dump
I'd say that for one to make such a statement is pretty irrational and gullible.
We are talking about several $B of dollars here. "Just a whale" with that kind of dough? Has to be someone at the top 1% of the top 1% that's very bored if so. I can't believe in that, sadly.
I've always advocated BTC and said that Alts are only here to increase my BTC holdings whenever I do deals using any of them, but I'm starting to realize that this may not be the case.
The floor is open for discussion though.
Its just a whale game to pump&dump alts to steal noobs their btc. Thats whats going on. Greed is the backbone of the altcoinmarket. Let them play while btc keeps going up. Btc is long term; alts = pump&dump
I'd say that for one to make such a statement is pretty irrational and gullible.
We are talking about several $B of dollars here. "Just a whale" with that kind of dough? Has to be someone at the top 1% of the top 1% that's very bored if so. I can't believe in that, sadly.
I've always advocated BTC and said that Alts are only here to increase my BTC holdings whenever I do deals using any of them, but I'm starting to realize that this may not be the case.
The floor is open for discussion though.
Jump to: