bitcoin bubble = alt bubble soon after? give us your thoughts

Esdanit

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Quote from: epitome on November 05, 2016, 11:40:36 AM

Quote from: thepo1m on November 04, 2016, 12:31:09 PM

I expect most of these Altcoins to drop as the year wind down, but expect another cycle of Altcoin pump next year, Whales are the ones driving the price and they need to fill their wallet with more Altcoins before another cycle of pumps

you could see alt coins pumps now and then from the Chinese ,they are ones that determine what to pump and how to handle the price and even this year there was a pump in doge coin which everyone thought to be dead ,so i am expecting these pumps from time to time

The major altcoins are not made by the Chinese people. So I think the pump would have little to do with them.

epitome

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Quote from: thepo1m on November 04, 2016, 12:31:09 PM

I expect most of these Altcoins to drop as the year wind down, but expect another cycle of Altcoin pump next year, Whales are the ones driving the price and they need to fill their wallet with more Altcoins before another cycle of pumps

you could see alt coins pumps now and then from the Chinese ,they are ones that determine what to pump and how to handle the price and even this year there was a pump in doge coin which everyone thought to be dead ,so i am expecting these pumps from time to time

talkbitcoin

legendary

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All I know is that I know nothing.

the last bitcoin bubble is a different thing, it was the first time bitcoin, a crypto-currency was going this high 1000 times the value of a dollar. it is understandable that after that so many speculators rushed in to invest and then learned about altcoins too. so i guess it will be different now. since there is no new blood like those days but the good old pumpers who come back to pump altcoins.

European Central Bank

legendary

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so the 2013 alt bubble had absolutely nothing to do with bitcoin? i find that a little hard to believe.

and the only reason bitcoin hasn't bubbled is because there's not really been much interest.

bitcoin is not 'mature' there's just no fresh demand for it.

scale has nothing to do with it. the dotcom bubble happened and that consumed trillions.

bubbles are ultimately bad news but they're also an inevitable part of human nature.

criptix

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Quote from: BitcoinHodler on November 05, 2016, 09:20:26 AM

Quote from: European Central Bank on November 02, 2016, 06:20:34 PM

so at some point in the next months or years there's likely to be another genuine bitcoin bubble. i don't mean anything that's happened since 2013. there've been rallies but no bubbles. and bubbles ain't really a good thing but it's as natural to humans as needing to eat.

i disagree with all of this.
a bubble is a fake price rise which is huge too and it will only benefit a few not everyone.
besides i doubt that it can happen again with bitcoin aparat from a small 50 to 100 dollar max bubble.

Quote

in this scenario what happens to alts? we all know what happened to them in 2013. even total junk like novacoin went to the moon. this year so far there've been absolutely insane bubbles while bitcoin's done squat.

would a bitcoin pump push alts a long way up or would it become clear that bitcoin's ascending to the next level and most alts can't push up much further? is there alt fatigue? would there be bitcoin gains to be made if bitcoin itself was that much more valuable? that's the only reason i've ever dabbled in alts.

what does everyone reckon?

your assumption about bitcoin and having pump is wrong.

but this is true about altcoins that they will always have pumps and that will always remain irrelevant to bitcoin and how it moves.

You realize the last past 30 days already invalidated your post? Cheesy

BitcoinHodler

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HODLing is an art, not just a word...

Quote from: European Central Bank on November 02, 2016, 06:20:34 PM

so at some point in the next months or years there's likely to be another genuine bitcoin bubble. i don't mean anything that's happened since 2013. there've been rallies but no bubbles. and bubbles ain't really a good thing but it's as natural to humans as needing to eat.

i disagree with all of this.
a bubble is a fake price rise which is huge too and it will only benefit a few not everyone.
besides i doubt that it can happen again with bitcoin aparat from a small 50 to 100 dollar max bubble.

Quote

in this scenario what happens to alts? we all know what happened to them in 2013. even total junk like novacoin went to the moon. this year so far there've been absolutely insane bubbles while bitcoin's done squat.

would a bitcoin pump push alts a long way up or would it become clear that bitcoin's ascending to the next level and most alts can't push up much further? is there alt fatigue? would there be bitcoin gains to be made if bitcoin itself was that much more valuable? that's the only reason i've ever dabbled in alts.

what does everyone reckon?

your assumption about bitcoin and having pump is wrong.

but this is true about altcoins that they will always have pumps and that will always remain irrelevant to bitcoin and how it moves.

bitebits

legendary

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Flippin' burgers since 1163.

New users go trough the same cycle but quicker because of the already paved road.

They learn about Bitcoin, think they are even smarter and spot the 'next Bitcoin'. The bubble only deflates quicker (compare the years that the altcoin came into existence).

There are only a handful of altcoins that actually add value, offer something Bitcoin cannot offer at protocol level. Fungibility comes to mind.

http://woobull.com/data-visualisation-118-coins-plotted-over-time-this-is-why-hodl-alt-coin-indexes-dont-work/

cryptimus prime

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As the BTC price went down a little bit after the recent China news, the XMR price immeadiately went up. There are tons of altcoins out there, ETH and XMR beeing the only really serious projects. Those are the only alts I am invested in. But XMR has the potential to grow as a currency and store of value, plus it is more limited in supply and has still a small market cap. I think a lot of people consider XMR to be a good hedge against a falling BTC price.

So yes I expect a nice portion of BTC gains to flow into XMR primarly.

BiTZeD

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For sure, the first thing that will happen will be a big crash of the total market, and if the price stays as it is for a few (for Bitcoin), the altcoins might also follow the trend.

The Sceptical Chymist

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Most of the altcoins have really small market caps, right? So it wouldn't take much--just a big whale or two--to really move the markets IF they wanted to. OP's scenario could definitely happen. I don't think anything in the shitcoin world that even remotely resembles a bubble is going to be sustainable for long. Everything aside from a very small handful of coins is useless, i.e., has no reason to exist. They all can be pumped and dumped to good effect, but most of these coins are headed for the shitcoin graveyard.

Shiroslullaby

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There will be a lot of new altcoins coming out in the next year or two.
Developers and companies are seeing how much money is being generated from these ICOs and they will want to try and get a piece of the pie.
So I expect a lot of new coins to come out and fail.

There might be some interesting projects but I think we will also see a huge bubble caused by waves of new investors, and the bubble will eventually pop.
It will be like the dot com era. A ton of coins will disappear overnight and a few giants will be left standing.
If you can pick the right investment you could possibly be investing in the next Google or Microsoft.

thepo1m

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I expect most of these Altcoins to drop as the year wind down, but expect another cycle of Altcoin pump next year, Whales are the ones driving the price and they need to fill their wallet with more Altcoins before another cycle of pumps

N-rG

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The rise of BTC is so strong, that if you bought/buy BTC in the past, traded a bit badly an altcoin you could be still at your Break_Even or even in the profit zone Cool

So even at this high price i'm still converting fiat to BTC. If BTC drop, i'll move most of the fund into XMR and exchange a bit back to fiat.

It actually doesn't matter, with only little brain you still can do money

I love cryptos.

shanem

legendary

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Bitcoin will run up first and altcoins will drop initially. After a while when the price of bitcoin rises too much and looks 'expensive', people will select cheaper altcoins to buy resulting in price increase for these coins. Eventually, this will spread to the whole altcoin market and all of them will be pumped.

European Central Bank

legendary

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so at some point in the next months or years there's likely to be another genuine bitcoin bubble. i don't mean anything that's happened since 2013. there've been rallies but no bubbles. and bubbles ain't really a good thing but it's as natural to humans as needing to eat.

in this scenario what happens to alts? we all know what happened to them in 2013. even total junk like novacoin went to the moon. this year so far there've been absolutely insane bubbles while bitcoin's done squat.

would a bitcoin pump push alts a long way up or would it become clear that bitcoin's ascending to the next level and most alts can't push up much further? is there alt fatigue? would there be bitcoin gains to be made if bitcoin itself was that much more valuable? that's the only reason i've ever dabbled in alts.

what does everyone reckon?

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