Bitcoin is draining the altcoins - page 4.

FrankNoland

copper member

Activity: 560

Merit: 253

Quote from: WatchMaker on December 01, 2017, 07:59:26 AM

Price of altcoins is dropping, nearly 85% of altcoins suffer from the recent bitcoin boom because most people exchange their coins for bitcoins.
What is your thought on this matter?

I agree with you with you, if you bought some altcoins a few months ago, you might possibly be experiencing a loss currently even if the altcoin is possibly currently trading at more than the value that you bought it for. I have experienced it, and currently experiencing it. The value of bitcoin has skyrocketed in the past few weeks and possibly leaves some altcoins worthless.

Sarastiche

member

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BITCOIN IS THE CURRENCY OF THE GLOBE

Quote from: WatchMaker on December 01, 2017, 07:59:26 AM

Price of altcoins is dropping, nearly 85% of altcoins suffer from the recent bitcoin boom because most people exchange their coins for bitcoins.
What is your thought on this matter?

Sure there will be stabilization in the crypto economics
Altcoin will sure rise soon.

OLDARH

full member

Activity: 308

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-YAHOO_EU-

When you look at the rapidly changing stock chart - there is no time for thoughts, but there is only a place for conditional reflexes of panic living or panic buying.

bosses

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Quote from: WatchMaker on December 01, 2017, 07:59:26 AM

Price of altcoins is dropping, nearly 85% of altcoins suffer from the recent bitcoin boom because most people exchange their coins for bitcoins.
What is your thought on this matter?

I think that in the near future the market should turn around and the altcoins should start to grow

Crypt1x

sr. member

Activity: 378

Merit: 250

I'm sure this trend will come to an end soon. The crypto is not the money world Bitcoin. Especially with the increase of the prices of Ethereum and Waves, the prices of altcoins will also change.

topesis

hero member

Activity: 630

Merit: 500

I think those that sell their tokens during this BTC rally will also likely chase the ALtcoin prices when the ALtcoin rally starts, we all know that money first flow into Bitcoins then Altcoins, it is not only the ALtcoins that is affected the ICO madness also has been affected no more stupid way of raising fund

Bitmedrano040117

sr. member

Activity: 462

Merit: 251

Quote from: WatchMaker on December 01, 2017, 07:59:26 AM

Price of altcoins is dropping, nearly 85% of altcoins suffer from the recent bitcoin boom because most people exchange their coins for bitcoins.
What is your thought on this matter?

Yes it is true most altcoins now are totally draining, their value was totally dumped because of the arising value of bitcoin. And that is not a surprise anyway, its very normal in this field of industry. But I do believed that some of them will still be recover when 2018 come's up for sure so better to buy it now of some the altcoins then hold in a long term, we don't know what will happen next by next year.

boltz

legendary

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Dude , the price of altcoins in bitcoin is down since one year already. Nothing new to be honest because only the price in $ it's been affected so this is a huge importance for me. Right now , I'm busy with some ICO's because I have waited them a long time.

real eyes realize

full member

Activity: 350

Merit: 100

Quote from: WatchMaker on December 01, 2017, 07:59:26 AM

Price of altcoins is dropping, nearly 85% of altcoins suffer from the recent bitcoin boom because most people exchange their coins for bitcoins.
What is your thought on this matter?

Please do not forget that, all cryptocurrencies have fluctuate price curves. This situation is their nature. I think many of them will recover.

hlarisimus2014

member

Activity: 406

Merit: 10

Quote from: VarDiff on December 01, 2017, 12:48:43 PM

So, not me alone noticed this. Altcoins need time to get out of the shadow of their father

They have long been unable to get out. Only the strongest remain. Bitcoin becomes very strong and people prefer to invest only in bitcoin. I think it kills alternative coins

VarDiff

full member

Activity: 196

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So, not me alone noticed this. Altcoins need time to get out of the shadow of their father

light22man

member

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Merit: 10

Quote from: WatchMaker on December 01, 2017, 07:59:26 AM

Price of altcoins is dropping, nearly 85% of altcoins suffer from the recent bitcoin boom because most people exchange their coins for bitcoins.
What is your thought on this matter?

Nothing new. Bitcoin rise - altcoins going down, bitcoin down - alts going down more. And only when bitcoin going flat - alts start woke up.

geyayy

full member

Activity: 588

Merit: 100

This is just a common situation and it is natural for the flunctuation of prices. It is even healthy because it pumps and dumps, unlike other coins that are stucked in their prices and others even dump more.

bitcoinvestor

hero member

Activity: 812

Merit: 501

You don't have to worry about that. It is common situation, the price need natural adjustment. Soon the price altcoin will follow bitcoin. I had experiece in eth. The price of eth 287 but now 448 USD. That is a big jump. Don't worry about that, everyting is OK.

ritsel02

full member

Activity: 224

Merit: 100

People who are used and felt more secured of keeping bitcoin will easily convert their altcoins into bitcoins . Those who are afraid to take a risk are mostly those people who easily give up their altcoins. And the fact that bitcoin is more popular and its value now is increasing which attracts more investors to hold more bitcoins rather than altcoins.

Hammonds

sr. member

Activity: 532

Merit: 250

it is a natural thing for me, when bitcoin up tends altcoin keeps down. even the end of this when bitcoin down then altcoin also come down so it makes me feel confused.

Silenox

full member

Activity: 546

Merit: 122

Most of the Alts will not survive for long, Bitcoin can receive almost all implementations that are the great asset of these coins, and if that happens it ends up with 99% of the alts.

In a few years I've seen no more than 20 coins having relevance and real utility.

sensimilia

sr. member

Activity: 702

Merit: 251

After bitcoin stabilizes (as far as bitcoin price can be stabile) things will return back to "normal" again, they always do.

Didin

full member

Activity: 395

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a lot of new money come to Bitcoin,, just look at the Marketcap its increasing!
few coins become red because of bitcoin, but few coins is survice even increasing Wink

asriloni

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Leading Crypto Sports Betting & Casino Platform

Quote from: WatchMaker on December 01, 2017, 07:59:26 AM

Price of altcoins is dropping, nearly 85% of altcoins suffer from the recent bitcoin boom because most people exchange their coins for bitcoins.
What is your thought on this matter?

No man, That's just another panic sell and you must never feel worry about that. As you can see the crypto already back again to the moon. Majority of the coins in the crypto space get another green candle in this time.
As long as there will be a lot of people are still using the bitcoin and that will be fine.

Topic: Bitcoin is draining the altcoins - page 4. (Read 1119 times)