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Topic: Bitcoin is down, Altcoin is UP !! - page 4. (Read 667 times)

legendary
Activity: 2296
Merit: 1031
June 11, 2018, 12:14:51 PM
#42
The less bitcoin becomes the gateway to alternative coins the less bitcoin will have an affect on ALL coins.  However, for now, the mental association that if bitcoin fails, we all fail... well that belief is still in tact despite all the merits of existing coins.  I'm not sure how long it will take to outgrow that false mentality but many believe it takes three generations of humanity for such fallacies to die.  That could be anywhere from 60 to 100 years.  

But I think it will be faster than that because big exchanges like coinbase and Gemini will add more and more "alt" coins to there direct fiat exchange.  That is, the more that fiat cash can be exchanged for alt coins other than btc/eth/ltc..etc etc... the more the price of alts will be less affected by the price movements of those bigger coins (btc eth ltc etc...etc)
full member
Activity: 263
Merit: 100
June 11, 2018, 12:02:13 PM
#41
bitcoin price now is still low because of some issues but the altcoins is very easy having time to increase.

i think, bitcoin price will go up near christmas like last year. and if ever not. altcoins will go up.
newbie
Activity: 61
Merit: 0
June 11, 2018, 11:54:10 AM
#40
I believe that alt coins are growing fast with its own mood. But I think always there are some connection between bitcoin and alt coins price. If the dependency of alt coins on bitcoin reduce, it will happen undoubtedly. But my opinion is that it will take more time to be so.
full member
Activity: 728
Merit: 101
June 11, 2018, 11:43:23 AM
#39
bitcoin dominance is down considerably compared to January 2018, whereas altcoin has increased sharply, this is because investors prefer investments in altcoin, and until now I myself do not know what the reason
newbie
Activity: 252
Merit: 0
June 11, 2018, 10:51:38 AM
#38
bitcoin price under 7000  . i think price of ethereum must be under 400 usd .
if bitcoin fall to 5000 . How much will be price of eth ?
It is hard for BTC to cost $ 5000. But if btc is 5k, I think eth will cost ~ $ 280. The market still depends on bitcoin
newbie
Activity: 252
Merit: 0
June 11, 2018, 10:39:22 AM
#37
Investors always have common sense. Now they are buying bitcoin at cheap prices and buying altcoin with bitcoin at a cheap price. This will make the altcoin price better
sr. member
Activity: 1063
Merit: 253
Sovryn - Brings DeFi to Bitcoin
June 11, 2018, 10:39:08 AM
#36
According to Ripple's CEO, Brad Garlinghouse, the Bitcoin dominance is expected to end soon.
He actually said : '' There is a very strong correlation between the price of XRP and that of Bitcoin. But these are essentially independent open-source technologies. »
The man is convinced that we are now witnessing the emergence of a much more rational market. As a result, the behaviour of investors will be permanently altered, which will lead to a devaluation of Bitcoin. Therefore, it will no longer serve as a reference to other crypto-currencies.
Hope he's right Smiley
For me i Believe the other way around, if bitcoin will continue to go a downhill trend so as other altcoind will follow in the long run. Yes intially i think the altcoin will rise in the fall of bitcoin because investors will seek another alternative investments but surely if the mother of all cryptocurrency will degrade i believe all the more the reason that other altcoins will follow the same lead.
I agree with your statement that ultimately altcoin will follow the bitcoin movement. When the bitcoin price drops, the price of some altcoin rises but in a short time, then it will come back down trailing against bitcoin.
Until every altcoin will have its own pair and altcoin will never gonna be independent. In fact that CEO of ripple has been creating so many joke everytime. Ripple foundation was supporting the regulators to create very strict regulation. All of things are following bitcoin right now.
full member
Activity: 728
Merit: 131
June 11, 2018, 10:37:21 AM
#35
Bitcoin is down and most altcoins are down too.
their USD value also falls.
once bitcoin down, all over the market price are affected.
and that is the reality.
jr. member
Activity: 149
Merit: 2
June 11, 2018, 10:34:09 AM
#34
bitcoin still dominates the market, the falling market is commonplace and this is due to the hacking of an exchange in korea. this decline is a natural thing and will not affect the growth of bitcoin in the future.
Agreed. Now do not look at the decline, to some extent it is artificial. Cryptocurrencies are more like rat races, where all tokens run forward. This is not an ordinary currency market, where currencies are developing endlessly.
hero member
Activity: 1414
Merit: 516
June 11, 2018, 10:30:27 AM
#33
I think bitcoin will not go below 6k$. Maybe some altcoins are up but if we look at last 30 days they are not so much grow. Anyway i think bitcoin will be at least at 10k in the next months.
member
Activity: 252
Merit: 10
June 11, 2018, 10:26:29 AM
#32
I'm not sure about this. Bitcoin is the mother of all cryptocurrency. If the bitcoin fails then the other coin will fall.
jr. member
Activity: 448
Merit: 1
June 11, 2018, 10:25:50 AM
#31
Recently, very often it turns out that bitcoin prices are manipulated in a strange way, therefore it is not necessary to say that the bitcoin schedule can be explained thanks to the analysis, for example, now everything is strangely falling.
newbie
Activity: 140
Merit: 0
June 11, 2018, 10:19:24 AM
#30
It is true that many new cryptocurrencies are trying to surpass Bitcoin, but why haven't any tokens ever surpassed Bitcoin? Because these tokens lack practical application and they are used in too few ways, they cannot even buy a bottle of water. This is the key to their inability to go beyond Bitcoin!
sr. member
Activity: 552
Merit: 250
June 11, 2018, 10:13:44 AM
#29
I don't believe in any prediction from any people anymore especially predictions of famous people in this world Smiley). It'll be fine if you're a just a normal guy but famous people's predictions will affect to crypto market so hard. Beside, I only believe in what I can see so I don't care if these predictions will come true or not Smiley.
member
Activity: 406
Merit: 36
June 11, 2018, 10:12:22 AM
#28
I would not really rely so much on someone who is a centralized freak with a fishy project's word. We may say some of the altcoins get beaten badly by the movement of bitcoin, but simply because they have no support and all that they are is just nothing but speculative coins with no products and it is obvious that those with huge support and products are doing pretty well till date when compared to historical price, since they are not just some pump and dump shit coins. Except for few, most of the coins in the market are shit coins with no real community or value, so putting the whole thing on bitcoin's dominance is absurd.
newbie
Activity: 168
Merit: 0
June 11, 2018, 10:09:26 AM
#27
Wow is this really true? I have seeing crypto market now with the marketcap volume and there is a major fall down on bitcoin. it reach to 6K again and it is so hard to identify if we will going to invest again or not. People could expect also like just because of the recent happenings and that is a major rollback with bitcoin market price. So altcoin could go higher than bitcon depending on its use and demand.
sr. member
Activity: 1176
Merit: 286
June 11, 2018, 10:06:58 AM
#26
bitcoin price under 7000  . i think price of ethereum must be under 400 usd .
if bitcoin fall to 5000 . How much will be price of eth ?
full member
Activity: 504
Merit: 102
June 11, 2018, 10:05:59 AM
#25
bitcoin still dominates the market, the falling market is commonplace and this is due to the hacking of an exchange in korea. this decline is a natural thing and will not affect the growth of bitcoin in the future.
jr. member
Activity: 196
Merit: 1
June 11, 2018, 10:01:55 AM
#24
For now, most altcoins are still affected by price of bitcoin. Only just now that I had really observed, Litecoin cash stand on its own while most of the other coins and tokens falll by close to 10-20% or so.

Litecoin cash is undervalue and it shows that the new altcoins with better technology, are in time, unaffected by the bitcoin raise or fall.

But we like to ride the wave when bitcoin rise, so sometimes we have to accept it when it falls.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
June 11, 2018, 09:51:20 AM
#23
I don't know what you are talking about man because what I am seeing is a red market where all the coins including Bitcoin and the altcoins are in red. This might be due to the recent hack on Coinrail. Most of the coins have decreased by more than 5% and I don't see any Altcoin in green. The BTC dominance is still there in the market which is why it is still on the top and I prefer it to remain the same way.
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