People find BTC more reliable when they come to crypto market. This popularity of BTC does drain the users of ATC. I think altcoin will still be existed as they offer low price and other promising services.
Topic: Bitcoin -Investors first choice- bleeds the altcoins - page 2. (Read 795 times)
There exist many altcoins and people get confused what could be a better option for investment. As a result, they go for something well established and something that has a strong base, in other word BTC.
When someone try to invest on something, they always look for something secure and more reliable. I won’t say altcoin is the worst choice but people choose bitcoin as it has showed prospect in many cases.
I think this not going to stop soon. As the most of us invests on Bitcoin and thus we make it more dominant. Besides the hands of big group of investors make the situation worse
As long we all will be dependent more on bicoin and invest on it. The situation will never change for sure. Another fact is the price of altcoin is dominated bitcoin. That’s why bleeding wont’ stop so soon
There is no problem to say that altcoin is riskier to invest on than bitcoin. Because the altcoin price depends a lot on price of bitcoin. This dependency makes the price of altcoin unstable
It is very much normal that if someone wants to invest in crypto and after analyzing the market he obviously finds that bitcoin is the best and more profitable then why he will invest in other.
if we want to see the benefits of bitcoin first we need to bear the loss of altcoins madly then later we can see the benefits of both bitcoin and as well as altcoins
"I would go with altcoins rather than BTC. I think Bitcoin will rise in the near term, long
term I think altcoins will dominate."
term I think altcoins will dominate."
"The Alts has just had been nuts, I can just throw darts at one and it will go up...getting
scary haha
"
scary haha
"
Bitcoin is just the most widely used crypto, the days of massive gains with bitcoin are over , a lot of us are looking for 10x-100x returns so we moved over to altcoins.
at the moment I think altcoin is falling because people are out of the cryptocurrency and not going into bitcoin
"I think the time when bitcoin goes one direction and the altcoins go the other is ending.
From now on bitcoin will more and more behave just like another coin.
"
From now on bitcoin will more and more behave just like another coin.
"
at the end only bitcoin has the best dev team. but in the meantime there's useful altcoins that solve real problems. 100% sure bitcoin will be the reference store of value.
I don’t think this situation is going to change as majority people are dependent on bitcoin. And price of altcoin is also dominated BTC. So the chance of stop bleeding is very less.
We have had upto 30 billion $ leave the market capitalization yet bitcoin holds above 6100$, the result is that the altcoins are bleeding out badly and bitcoin's dominance soaring higher than usual? when will this stop?
Market start recovery right now. Bitcoin price increasing to $6500 and many good altcoin recover from loss. Bitcoin dominance right now more than 50% and i think its not healthy for market because one coin dominating transaction in market. I am believe this condition will stop in next few months after ETF approved by regulator
It will be very hard to stop the dominance of bitcoin. There is no altcoins which can compete bitcoin now so i think we should accept the dominance. I don't find it harmful for the market.
We have had upto 30 billion $ leave the market capitalization yet bitcoin holds above 6100$, the result is that the altcoins are bleeding out badly and bitcoin's dominance soaring higher than usual? when will this stop?
I think we even have more than $80 billion leaving the market cap within the last 3 weeks. With Bitcoin still above $6000, it means the alts have really been severely affected by the market downtown. We have had upto 30 billion $ leave the market capitalization yet bitcoin holds above 6100$, the result is that the altcoins are bleeding out badly and bitcoin's dominance soaring higher than usual? when will this stop?
altcoins are bleeding more now, but that won't be for too long, next bull run is inevitable. Today, tomorrow, hard to tell, but it seems that the market is preparing for something really big
I believe you have totally misunderstood the correlation between Bitcoins and Alts, if you were observing prices you would have noticed that, as and when there's a rise in the prices of bitcoins, a similar kind of movement is seen in the alts market.
Altcoin moves up only when bitcoin prices are stable or less volatile. But when bitcoin prices move up or move down mostly altcoins goes down because if bitcoin goes up people move their funds from altcoins to bitcoin and if bitcoin goes down then in a panic they less even faster altcoins.
However there's something you should know, whenever alts crash they do not recover as fast as bitcoins does, so investing in alts is a huge mistake unless you're sure what you're doing.
If you invest on a good altcoin then they may go up even faster than bitcoin but it all depends on what kind of coin one is holding.
In my experience with Bitcoins and Alts, I have always seen that whenever alts take a beating they take long to recover, whereas Bitcoins starts it's recovery faster, primary reason is traded volumes, sentiments of the community, which will always be higher in bitcoins than alts. Hence blaming bitcoins is wrong, Bitcoins is the original crypto and you should focus on it, if you already have alts then simply hodl them as their recovery will take quiet a while.
I do agree that one has to hold altcoin instead of selling at losses but make sure it is not a shit coin. There is no point in holding shit coins for long.
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