Bitcoin price pump, altcoins dump? - page 2.

ASHLIUSZ

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Quote from: BitMaxz on August 21, 2017, 06:48:04 PM

Quote from: bitllionaire on August 21, 2017, 06:36:19 PM

Quote from: efx on August 21, 2017, 03:12:03 PM

I think we are in a good time for the altcoins now. Bitcoin is going to accumulate and the other coins a going to take profit from it

but i think that still we have good time to continue investing money in bitcoin.

It should be still nice to invest more in bitcoin instead of investing it into altcoin bitcoin are still in strong stage where there are many new comers and newbie come that i think more new comers will invest in bitcoin and the price can be increase more as i can seen the trends still stable and it can be increase more because of the more impressions in google and other search engine and social medias..
So the price can be possible to increase more and if you sell you will regret not buying bitcoins..

Yeah, we need to understand that bitcoin and altcoin function more or less on the same platform. So we're supposed to invest based on the time scaling, capital, and the profit expectancy. Investing into bitcoin is good if it's a long term investment, whereas with altcoin its good to invest if you have a large backup to invest and withdraw in a short considering it to be a short term investment.

Rostchild

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I still keep my coins and I didnt dump it.
I just think that the price is dropping due to the algo feature, a sort of like if BTC down so the ALT down,... I keep it also that way.

BitMaxz

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Quote from: bitllionaire on August 21, 2017, 06:36:19 PM

Quote from: efx on August 21, 2017, 03:12:03 PM

I think we are in a good time for the altcoins now. Bitcoin is going to accumulate and the other coins a going to take profit from it

but i think that still we have good time to continue investing money in bitcoin.

It should be still nice to invest more in bitcoin instead of investing it into altcoin bitcoin are still in strong stage where there are many new comers and newbie come that i think more new comers will invest in bitcoin and the price can be increase more as i can seen the trends still stable and it can be increase more because of the more impressions in google and other search engine and social medias..
So the price can be possible to increase more and if you sell you will regret not buying bitcoins..

bitllionaire

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Quote from: efx on August 21, 2017, 03:12:03 PM

I think we are in a good time for the altcoins now. Bitcoin is going to accumulate and the other coins a going to take profit from it

but i think that still we have good time to continue investing money in bitcoin. in fact bitcoin still have good potential and its price can increase too much therefore if we can manage to invest money in bitcoin it will be really a good decision. i myself have invested a good amount of money in bitcoin and still want to invest more and more as i am too much confident about bitcoin investment.

Jewell

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Quote from: streazight on August 21, 2017, 02:38:31 PM

Quote from: andrew24p on August 20, 2017, 04:54:10 AM

We go through periods of money going into altcoins and going into bitcoin. With the price rise of BCC I also think probably many alt speculation moved into there for the time being. Its just the nature of the market since many people who are involved in alts are more speculators than long term holders. It will continue to shift between the two for the foreseeable in my opinion as there will always be people speculating more than others and looking to make a quick buck.

There is no end to this. The pump and dump of coins will keep shifting between bitcoins and altcoins as well as the traders will also keep hanging between the two. There is no doubt that the altcoin investors do not treat their coins as long term investments whereas bitcoins’ majority of the investors are long term holders.

yes that is right and in fact there are a lot of reason which are causing pump and dump of a currency, in fact when bitcoin price start increasing people try to invest money in bitcoin and for that they most selly their altcion which cause the dump in the price of altcoin but some time people are try to book their profit form altcoin and therefore they sell their altcoin which is also become another reason of the decreasing the price of altcoin.

ckorbba

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Quote from: efx on August 21, 2017, 03:12:03 PM

I think we are in a good time for the altcoins now. Bitcoin is going to accumulate and the other coins a going to take profit from it

Actually, I completely agree with you, Because if you sell other coins for Bitcoin to you can get more Bitcoin and later it will be a huge amount. The benefits will be incredible.

efx

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I think we are in a good time for the altcoins now. Bitcoin is going to accumulate and the other coins a going to take profit from it

allohha

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Quote from: streazight on August 21, 2017, 02:38:31 PM

Quote from: andrew24p on August 20, 2017, 04:54:10 AM

We go through periods of money going into altcoins and going into bitcoin. With the price rise of BCC I also think probably many alt speculation moved into there for the time being. Its just the nature of the market since many people who are involved in alts are more speculators than long term holders. It will continue to shift between the two for the foreseeable in my opinion as there will always be people speculating more than others and looking to make a quick buck.

There is no end to this. The pump and dump of coins will keep shifting between bitcoins and altcoins as well as the traders will also keep hanging between the two. There is no doubt that the altcoin investors do not treat their coins as long term investments whereas bitcoins’ majority of the investors are long term holders.

Perhaps you are right, but nevertheless, for most Crypto-currencies there are no such forecasts as for Bitcoin. Only for Bitcoin they say, That the price will grow very quickly and high. As already mentioned in the forecasts of experts, that Bitcoin in 2021 can reach 100,000 dollars for one Bitcoin. But if you take into account any altcoin, then not one such prospects do not. I think that this is the answer to the question posed.

streazight

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Quote from: andrew24p on August 20, 2017, 04:54:10 AM

We go through periods of money going into altcoins and going into bitcoin. With the price rise of BCC I also think probably many alt speculation moved into there for the time being. Its just the nature of the market since many people who are involved in alts are more speculators than long term holders. It will continue to shift between the two for the foreseeable in my opinion as there will always be people speculating more than others and looking to make a quick buck.

There is no end to this. The pump and dump of coins will keep shifting between bitcoins and altcoins as well as the traders will also keep hanging between the two. There is no doubt that the altcoin investors do not treat their coins as long term investments whereas bitcoins’ majority of the investors are long term holders.

exstasie

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Quote from: andrew24p on August 20, 2017, 04:54:10 AM

We go through periods of money going into altcoins and going into bitcoin. With the price rise of BCC I also think probably many alt speculation moved into there for the time being. Its just the nature of the market since many people who are involved in alts are more speculators than long term holders.

I think it was the BTCUSD rally above $3000 that set this cycle into motion. During the initial rally, altcoins tend to suffer losses as altcoin holders exit their positions to buy back bitcoins. Now that BTC has finally gone through a correction (or the first leg of a correction), money often flows back into altcoins. Since BCH was the most hyped (being launched and added to major exchanges so recently), it naturally absorbed more of that money than many of the other markets.

YTBitcoin

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Quote from: ActiveP on August 20, 2017, 03:33:36 AM

Quote from: waiberz on August 15, 2017, 09:16:37 AM

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

It could be that people are selling their alts to buy bitcoins. However, alts like eth increases in value when bitcoin does. Bitcoin cash is also going strong.

Bitcoin value has always been strong. And dumping and pumping is a part of trading and you ay say that it is the beauty of trading. But let me clear that bitcoin value always increase more than that of altcoins. When market changes. And altcoins value rises then at the same time bitcoin’s value raises even more. So people now have started preferring bitcoin.

Linuld

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Quote from: Gheka on August 20, 2017, 11:19:06 AM

Quote from: traderethereum on August 19, 2017, 03:44:01 AM

i think it is normal, maybe i can give some explain. bitcoin is a center of crypto currency, whatever happen with bitcoin, the altcoin will get the impact too. so if bitcoin price is increase, altcoin price will be decrease and this will happen with the other side. when we see bitcoin start to climb then we should aware and prepare but don't afraid because if altcoin down, i am sure the other time, the price will be recover like what bitcoin do.

Yeah, and the impact of bitcoin on altcoin is that the price of altcoin drops sharply, this is very easy to understand. We should think simply if the price of bitcoin increases dramatically, the amount invested in bitcoin will also increase, so the question is where is the money, the answer is in altcoin, investors and traders will be dumping altcoin to pump the price of bitcoin up and make more profit. And when this situation is over, altcoin will be pumped back

Today the price of the altcoins are increasing except ETH and other coins. I think Bitcoin is now stable at $4k because we are not seeing a big variation in BTC price from last 1 week. So this is the time for altcoins. Let's wait for few more days maybe all altcoins price will start to increase.

HalfDeck

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Quote from: exstasie on August 19, 2017, 04:08:47 AM

Quote from: raven7886 on August 19, 2017, 04:00:48 AM

Altcoins are the mere followers of the bitcoins. They are always observed following the footprints of their masters. The value of the coin definitely depends on the demand of a particular commodity in the market. Bitcoins demand is high but supply is low which is playing main role in the pumping of their values.

There are nuances to this. I like to think of Bitcoin as the index, and altcoins as individual stocks. When BTC is stable or bullish, individual altcoins can pump, but if BTC is bearish, altcoins tend to dump very hard.

In May/June, I wouldn't say that altcoins were the followers. Ethereum and the ICO hype was definitely leading the way. It seems now that it's BTC's turn to take the wheel.

I think depends every period, a cryptocurrency will become to leader (set by whales and big boy) make the price of all cryptocurrency on market up or down. I agree with you in May-June is the time Ethereum control the price of all crypto on market, do not Bitcoin because in that time Bitcoin just stable and stand still around $2,000.

lupinvn

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Interesting topic, I've asked questions just like you in the past and I think I could answer little.
There are two ways for you to think about this (Bitcoin up -> Altcoins down or Bitcoin down -> Altcoins up):
First, you should look at the "Market Cap" of all cryptocurrency, in this point, I usually use Coinmarketcap, And you can see that:
+ If the Market Cap going up or just stable, and the price of bitcoin and others change opposite way so fast, you can think about traders (or Shark) moving their money from altcoins to Bitcoin or inverse... because there are some news that tell them Bitcoin price is going up, they should invest in BTC for their best profit, otherwise, they will dump btc value just by buying Altcoins, selling to USDT,....
+ If the Market Cap going down so bad, thats mean people are going to leave cryptocurrency just because some reason, and in this case, I think if btc price go down but altcoins go up just a temporary situation, everything will go down!

Gheka

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Quote from: traderethereum on August 19, 2017, 03:44:01 AM

i think it is normal, maybe i can give some explain. bitcoin is a center of crypto currency, whatever happen with bitcoin, the altcoin will get the impact too. so if bitcoin price is increase, altcoin price will be decrease and this will happen with the other side. when we see bitcoin start to climb then we should aware and prepare but don't afraid because if altcoin down, i am sure the other time, the price will be recover like what bitcoin do.

Yeah, and the impact of bitcoin on altcoin is that the price of altcoin drops sharply, this is very easy to understand. We should think simply if the price of bitcoin increases dramatically, the amount invested in bitcoin will also increase, so the question is where is the money, the answer is in altcoin, investors and traders will be dumping altcoin to pump the price of bitcoin up and make more profit. And when this situation is over, altcoin will be pumped back

malikusama

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You will get to know all the scenarios of prices in the market if you are aware of supply and demand rule of market. Simply when the users of altcoins cash out and start to invest in bitcoins (as they see that its market value is rising) the altcoins prices falls due to low number of users( less demand) in the market.

ubeng07

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Quote from: ActiveP on August 20, 2017, 03:33:36 AM

Quote from: waiberz on August 15, 2017, 09:16:37 AM

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

It could be that people are selling their alts to buy bitcoins. However, alts like eth increases in value when bitcoin does. Bitcoin cash is also going strong.

And because they are the coin that is probably competiting each other so as it one of them pump they would other one dump so that is how trading works.

andrew24p

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We go through periods of money going into altcoins and going into bitcoin. With the price rise of BCC I also think probably many alt speculation moved into there for the time being. Its just the nature of the market since many people who are involved in alts are more speculators than long term holders. It will continue to shift between the two for the foreseeable in my opinion as there will always be people speculating more than others and looking to make a quick buck.

ActiveP

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Quote from: waiberz on August 15, 2017, 09:16:37 AM

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

It could be that people are selling their alts to buy bitcoins. However, alts like eth increases in value when bitcoin does. Bitcoin cash is also going strong.

DenysM

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I am a novice at this market but too at once saw that when bitcoin grows that all other altcoins fall. I see a situation so, all began to destroy the money and began to inlay in bitcoin. All see that getting up went, capitalization of bitcoin increases. It talks about that getting up followed by the increase of volume, and there will be a height and farther. Therefore all in him are inlaid and forget about other chinks.

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