Bitcoin Dump - The Worst Thing - page 4.

supercanada1

sr. member

Activity: 798

Merit: 253

Quote from: ?? on ??

Quote from: iamzill on November 29, 2019, 07:19:19 AM

the current market cannot jack up the price of altcoin, bitcoin does not currently have a significant effect on altcoin. so I think right now, it's no stranger to the decline in bitcoin making altcoin also decreased. this is a cycle that has been going on and has not changed

There's no "significant" effect but in terms of trends. Altcoins tend to follow up quite often and that's normal now these days. Even if I was looking forward to invest in ETH, it would be inevitable to get something at least for Bitcoin for a while.

Let us just not forget that bitcoin was the first crypto coin and it attracted investors. If it had ever failed in doing so, no one would have shown even 0.1 percent willingness to invest in ethereum and then other altcoins that kept us popping with time till today. Altcoins highly depend on bitcoin for their progress and future. This is the biggest truth of digital coin market. Even ethereum, the king of altcoins, cant survive without bitcoin.

Viscore

hero member

Activity: 3178

Merit: 661

Live with peace and enjoy life!

Definitely the worst thing will happen if BTC dumped because its controlling the overall market performance.
As the best asset in the market, it should have a good performance so altcoins will follow, although BTC does not offer the best use cased in the market but it is what people trusted more so we can't do anything about that as this market is controlled by those who are holding a high supply of btc.

As BTC's dominance stays at least over 60% , you can already expect what would happen if it moves significantly.

Williams_Leo

member

Activity: 207

Merit: 11

Quote from: Shasha80 on December 04, 2019, 09:27:18 PM

I have never worried and panicked if the price of bitcoin is dumped, because as we know bitcoin is the most powerful cryptocurrency.
So how much does the price go down, it won't be long to go back up. So the safest investment is to buy bitcoin, when talking about
altcoins we also already know altcoins price movements following the bitcoin price movements. So from that if bitcoin prices go down,
altcoins prices will also go down. Likewise if bitcoin prices go up, altcoins prices also go up. Just how do we take the opportunity to get
down bitcoin and altcoins as an opportunity to buy at cheap prices.

If you only regularly hold bitcoin, the anxiety is not so much when everyone knows the probability of bitcoin's return is too high but for those who have no choice like you, they hold altcoins and when bitcoin is dumped, the level of bewilderment and panic is huge because their assets will decline seriously, sometimes it cannot turn around. Although bitcoin dumping is always an opportunity but I find very few people can take advantage of these opportunities, perhaps we should always be in a position to wait, rather than be passive

Asmonist

sr. member

Activity: 756

Merit: 251

It will be the worst thing if that will happen. Bitcoin dominates all other crypto currencies. Probably everything else will be affected if that's the case. For now, I guess it will not happen in a very serious dump. There are really ups and downs everyday but for bitcoin it will always be a controllable downfall. Everybody is still expecting and hoping for the best price that's why they hodl it for a long time.

Genemind

sr. member

Activity: 1596

Merit: 335

I don't think the current price of Bitcoin could be considered a dump. As for me, a very low price of Bitcoin influences altcoins but we should take it as an opportunity to buy low. Instead of panicking and worrying because of the low prices, we should take it as an opportunity to buy and sell when the market situation gets better. That's actually the appropriate application of the basic trading.

Webberson

full member

Activity: 602

Merit: 102

Dump occurs at time intervals and likewise, pump. It is usually seen when there is a drop in price. It therefore, should be seen as a normal phenomenon, as far as the crypto market is concern. Bitcoin's dump and altcoin's dumps are not usually affected by same factors, but it is often seen that whenever there is a drop in the price of bitcoin, other alts seem affected.

imstillthebest

full member

Activity: 1638

Merit: 122

bitcoin being dumped is not the worst thing that can happen on the crypto market but there are still other things that are more worst than this like if btc is banned on a certain country .

if its banned it does not only cause a price dump but it also make the market of bitcoin smaller . banning on some country can also influence other country to do the same . banning and dump of the btc price are only few of the worst thing that can happen on the crypto space .

fullhdpixel

hero member

Activity: 2828

Merit: 611

Even when Bitcoin pumps altcoins still gets dumped. But there are still some ups and downs, so I believe that's what people are trading on. When the price of Bitcoin goes up, there are just a few altcoins that goes up with it and they are mainly the top coins. The reason for this is because a lot of people start to dump altcoins and go for Bitcoin and top coins like Ethereum, and that affects smaller coins causing their price to decrease.

As for the main question you asked – why they dump when Bitcoin dump? Well, maybe it's because their prices are based on Bitcoin price, so whenever Bitcoin falls, it affects the general market.

nicolas1979

sr. member

Activity: 826

Merit: 252

When bitcoin dump the worst thing is I lost my money in significant value. Many coins already list in market, they follow the same leader but has different pair, their movement are mystery. Some people see it as gambling but for genius trader see it like future. Check chart history before enter market specially when use bitcoin, set TP/ SL for safety and good luck to you.

wajik-tempe

sr. member

Activity: 1022

Merit: 252

Quote from: Malamok101 on December 05, 2019, 02:21:22 AM

Other altcoins also connected in bitcoin somehow bitcoin is the most popular coin in all altcoins. So its also affected by other coins to dump and not to pump.

I think most of the coins are not connecting to bitcoin at all, the price affected is because bitcoin is exist in almost all centralized exchange and the marketcap dominating all other coins that's why when btc price agile , other coins would be bleeding because people will fokus on BTC

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: Shasha80 on December 04, 2019, 09:27:18 PM

I have never worried and panicked if the price of bitcoin is dumped, because as we know bitcoin is the most powerful cryptocurrency.
So how much does the price go down, it won't be long to go back up. So the safest investment is to buy bitcoin, when talking about
altcoins we also already know altcoins price movements following the bitcoin price movements. So from that if bitcoin prices go down,
altcoins prices will also go down. Likewise if bitcoin prices go up, altcoins prices also go up. Just how do we take the opportunity to get
down bitcoin and altcoins as an opportunity to buy at cheap prices.

It's an open opportunities if you know how to work with it and you do have the patience to keep holding and keep adding your assets when you see the value is still down. From how the market behaves you always needs to make sure that you are ready to any situations that may happen along the way, keep in mind that if you have good attitude you'll be able to catch up in the right timing.

Hippocrypto

sr. member

Activity: 1484

Merit: 277

Quote from: Shasha80 on December 04, 2019, 09:27:18 PM

I have never worried and panicked if the price of bitcoin is dumped, because as we know bitcoin is the most powerful cryptocurrency.
So how much does the price go down, it won't be long to go back up. So the safest investment is to buy bitcoin, when talking about
altcoins we also already know altcoins price movements following the bitcoin price movements. So from that if bitcoin prices go down,
altcoins prices will also go down. Likewise if bitcoin prices go up, altcoins prices also go up. Just how do we take the opportunity to get
down bitcoin and altcoins as an opportunity to buy at cheap prices.

It's our assurance to grab the best opportunities while seeing those promising coins dumped lately. Don't waste this chances, because you might be frustrated if you won't hold on with your asset. Some people didn't value the things that might affect their decisions, but I am confident as time goes on the trend will be reversed.

Malamok101

full member

Activity: 868

Merit: 100

Proof-of-Stake Blockchain Network

Other altcoins also connected in bitcoin somehow bitcoin is the most popular coin in all altcoins. So its also affected by other coins to dump and not to pump.

Shasha80

sr. member

Activity: 1876

Merit: 318

I have never worried and panicked if the price of bitcoin is dumped, because as we know bitcoin is the most powerful cryptocurrency.
So how much does the price go down, it won't be long to go back up. So the safest investment is to buy bitcoin, when talking about
altcoins we also already know altcoins price movements following the bitcoin price movements. So from that if bitcoin prices go down,
altcoins prices will also go down. Likewise if bitcoin prices go up, altcoins prices also go up. Just how do we take the opportunity to get
down bitcoin and altcoins as an opportunity to buy at cheap prices.

Harlot

hero member

Activity: 1806

Merit: 672

It's really out of our hands since Bitcoin is the market leader it's inevitable for it to influence other coins in the market and it can trigger selling in this crypto as well which makes all coins result into losing all of their value. And why do you think a dump is a bad thing? In the trading world there is no such thing as a "bad thing" as traders can take advantage of all scenarios whether it is going up or the prices are going down, the most important thing about this is you need to position your money right for it to be in your favor. When prices are going down it's better that you have offloaded your position before hand and buy them later when it has bottomed out. When prices are going up it is better that you have already positions at the bottom so that all you need to do is to trigger a sell order for your crypto.

enhu

legendary

Activity: 2492

Merit: 1018

Quote from: wxa7115 on December 04, 2019, 12:51:23 PM

Quote from: supercanada1 on December 03, 2019, 10:04:36 AM

This is the reality of altcoins. They highly depend on bitcoin for their value. Even the king of altcoins cannot make progress without bitcoin moving forward. Even in 2017, it was able to gain high value of almost 1k dollars and above with the help of the real king, bitcoin. Therefore, it is suggested to all the holders of crypto currencies to read and understand bitcoin first and then continue the job.

I am always surprised how that known fact is ignored by most traders, all the altcoins are completely dependent on how bitcoin moves, so if bitcoin is going up then most altcoins are going up and if bitcoin is going down then most altcoins are going down, it is so obvious that sometimes I wonder what kind of level the investors and the traders in this market have that they cannot comprehend that simple pattern.

It only makes sense to invest in altcoins when it is very clear that we are in the middle of an altcoin season and it should not be very surprising that such thing only happens when bitcoin is in the middle of a huge bull market.

Or you can invest to an altcoin while the price is very low like few cents. You don't have to wait to buy in the middle of the bullrun because its going to be too late for you to realize the bullrun had already begun few months go. Its true despite BTC getting pumped, its also going to be dumped at every highs but it doesn't make the altcoins drop to zero.

Triffin

sr. member

Activity: 952

Merit: 251

Quote from: posoa on December 03, 2019, 07:14:09 AM

Quote from: 7788bitcoin on November 29, 2019, 01:03:10 PM

Quote from: DashingAgent on November 29, 2019, 06:50:22 AM

When BTC dumps, all other coins also dump, it is worst thing because even if bitcoin dumps, then it should not effect the other cryptocurrency price value in BTC. i,e when BTC dumps the price value of altcoins is also drops while it should increase because btc downs. When people will realize it that it is not in their benefit?

You can call that any theory you want but the fact remains that bitcoin is the only coin the market that can be trusted and the rest of the coin revolve around the value of bitcoin and if people start selling bitcoin the rest of the market will go down as well and that is what we are seeing for years as long as the alt coin market came into existence. Most of the people are not long term holders and they will trade according to the market sentiments and that is why you see big drops in all the market.

in fact calling Bitcoin Dump is not a good idea, yes over the years bitcoin have played a significant role that has gone a long way to make it a model to other cryptos. Why is it that when the price of bitcoin falls all other coins are affected ,it is because Bitcoin Ranks the best of the crypto coins in existence. Also most Investors are aware of the Volatile nature of Bitcoin,and with this in mind, it calls for investors to either invest for Long term or short term so as to be able monitor their investments and at long run will not come out to call Bitcoin names like Dump -the worst thing.

Yeah no one can put doubt on the value of bitcoin as since long we know bitcoin is the best coin and no Altcoin had ability to beat bitcoin. I never become worried about the price of bitcoin even if it falls we should just trust it and hold it as long as possible. It has the most volatile nature so we just need to take advantage by buying low price and hold at dump after sometime it all will rise again.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: supercanada1 on December 03, 2019, 10:04:36 AM

This is the reality of altcoins. They highly depend on bitcoin for their value. Even the king of altcoins cannot make progress without bitcoin moving forward. Even in 2017, it was able to gain high value of almost 1k dollars and above with the help of the real king, bitcoin. Therefore, it is suggested to all the holders of crypto currencies to read and understand bitcoin first and then continue the job.

I am always surprised how that known fact is ignored by most traders, all the altcoins are completely dependent on how bitcoin moves, so if bitcoin is going up then most altcoins are going up and if bitcoin is going down then most altcoins are going down, it is so obvious that sometimes I wonder what kind of level the investors and the traders in this market have that they cannot comprehend that simple pattern.

It only makes sense to invest in altcoins when it is very clear that we are in the middle of an altcoin season and it should not be very surprising that such thing only happens when bitcoin is in the middle of a huge bull market.

Hypnosis00

sr. member

Activity: 2436

Merit: 343

Quote from: cryptobaro on December 04, 2019, 07:35:56 AM

Well in my opinion BTC dump is not the worst scenario. Even if BTC dumps, it is a chance to buy alts when they are low. So do not look at the market just considering BTC going up or down. Every move of BTC is a great chance to buy cheaper alts and getting profit.

It won't warrant anything, especially for altcoins to be more profitable than of Bitcoin. Thus, investing altcoins will be a big risk and chances of losing if the market will continue to drop by. If we are about to invest, I would like to suggest that please consider Bitcoin only instead of investing altcoins.
We all know that most altcoins are depending on the Bitcoin price trend, once it drops again, altcoins will follow by then, that is what we think if we would take altcoins.

cryptobaro

full member

Activity: 1120

Merit: 200

Turkish Translator

Well in my opinion BTC dump is not the worst scenario. Even if BTC dumps, it is a chance to buy alts when they are low. So do not look at the market just considering BTC going up or down. Every move of BTC is a great chance to buy cheaper alts and getting profit.

Topic: Bitcoin Dump - The Worst Thing - page 4. (Read 1441 times)