Topic: Bitcoin -Investors first choice- bleeds the altcoins - page 3. (Read 812 times)
In my views, I think that btc dictates the cryptomarket trend even the earlier times when cryptocurrency had started to emerge. It is actually no longer an issue that btc usually the first one to make an uptrend movement and later the market for altcoins will usually follow. So, investors should not make it a problem as what is important, there will be a bullish market right after the bear market ends.
BTC is the first coin and most people believe in BTC more than other coins. Almost all the informed investors have more than 50% of their portfolio in BTC for the same reason and that's why alts are bleeding more than Bitcoin. Trust is the big factor here. This is just a bear market, it'll end sooner or later
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 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.
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.
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.
BTC dominating crypto world. BTC is best to invest than altcoin but if anyone has different purpose to invest on altcoin then it’s 0k.
The Alt market bleeding right now has nothing to do with the Bitcoin dominance because the dominance increased much later than when ALTs started to bleed. Alts are just following the bearish trend right now which is causing the Alt market to crash. The scenario is similar with BTC but not as bad compared to the famous ALT like ETH.
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?
Why would anyone ask when the bitcoin dominance is going to stop! I wouldn't ask that because I am happy that bitcoin is gaining its originality back again. If altcoin are dropping and thats why you are unhappy then there is nothing one can do about the shitcoins really. Thats why legendary investors keep saying that invest into the bitcoin and not the altcoins because one day will come when altcoins would be untouched and no one will inevst a dime into them and thus making bitcoin go saturn! If you dont want to loose anything then just turn everting into bitcoin and see the market growth. It has only one reason, bitcoin is popular and its more addictive than others.
This was evident. The investors are invested on altcoins so that the moment bitcoins goes up in terms of price, they will sell their altcoins up and will exchange it for BTC instead. That is why the altcoins bleed. And this is a vicious pattern that has been going on in the market.
bitcoin is indeed the main coin for investors, now the price of bitcoin is down and surely investors are looking for other coins that can be benefited, like alcoin, and when bitcoin is as stable as they will return to bitcoin .
this happens because at this time the state of bitcoin has fallen again, so it happens like that, with the existence of altcoins, bitcoin can soar quickly. maybe that's what I can say!
yes in cryptocurrency, investors must choose between Bitcoin and Altcoin, if their choice is BTC then Altcoin will go down,
but if the choice is Cryptocurrency and FIAT, then all Bitcoin and Altcoin will be expensive when investors choose Crypto
the point is, choices that are not chosen will bleed
but if the choice is Cryptocurrency and FIAT, then all Bitcoin and Altcoin will be expensive when investors choose Crypto
the point is, choices that are not chosen will bleed
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?
Looks like this is occurred because SEC delayed decision regarding bitcoin in ETF. That maybe the reason for bitcoin's dominance.
But do you think the delay will be short ? i dont think so. So, this bleeding market will continues until there are any good news on altcoins.
The actual true fact is that Bitcoin controls the crypto world and for the altcoin to gain independence, BTC dominance has to drop to a very low value which will be very difficult to happen. Anyways when BTC moons and soars high above, the alts will gain momentums as well.
Absolutely right! Bitcoin is at the top so for any investor BTC is a very big attraction. Its almost like why would you waste time with the altcoins when you can go big on BTC - its what I suppose, anyways.
Even the name suffices for a reason, it is an alternate coin. It will bleed out the moment BTC is doing good in the market. So it is natural to see this scenario.
The actual true fact is that Bitcoin controls the crypto world and for the altcoin to gain independence, BTC dominance has to drop to a very low value which will be very difficult to happen. Anyways when BTC moons and soars high above, the alts will gain momentums as well.
It is hard to replace bitcoin in the top spot. The popularity of bitcoin have played a very important role for its survival. So dominance over other coins may take even a longer time than what we might expect. Bitcoin will always be the king of cryptocurrency until an altcoin might just solve all weaknesses of bitcoin and put it as an additional feature onto itself.
The alt market bleeding right now cannot entirely be blamed upon Bitcoin. People might have converted their ALTs to Bitcoin and after the bubble of ETF popped the down trend started. ALTs market bleeding is just another sign of this bearish trend in my opinion. More or less, all the coins are bleeding right now.
I think it's a good news for the market. Bitcoin is the most potential coin in the market and it alone holds almost half of the total cryptocurrency market capitalisation. Soon the price of Bitcoin will start rising higher and market will recover back its position.
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?
In my opinion, this will stop when fake ICO projects and coins are reduced. People are investing in projects with no progress and stagnation (not all of them of course). That's why the market is declining.
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 believe that at this time you should only invest in bitcoin to reduce the risk, you can see that bitcoin prices are constantly fluctuating and decreasing in the past days and the price of altcoin is ongoing. Plummeted and still no sign of recovery. Currently the market capitalization is only $ 200 billion so I think you should only invest in short bitcoin.
Bitcoin is the first coin in cryptocurrency which used the Blockchain perfectly. Altcoins are very in number. In case of investing in Cryptocurrencies, BTC will be the first choice as are mine also. I suggest investing in a portfolio which assures every coins existence as well as a nice stable profit.
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