Bitcoin Price trends will be decided tomorrow(05/05/2019) - page 3.

XCANA

full member

Activity: 1470

Merit: 148

Quote from: BlockXSphere on May 03, 2019, 04:02:52 AM

If the Altcoin market follows BTC price rally then the bullish market is confirmed due to new FIAT entering on crypto market. If not then the BTC rally today is just the result of altcoin holders that shift to BTC which might result to price pull back in few days. Well, let's see. Grab your popcorn and watch here: https://cryptowat.ch/markets/coinbase-pro/btc/usd/15m Grin

Actually, whatever ways it choose to go; Bitcoin will definitely benefit from the growth in it price. Altcoins holders selling for Bitcoin will create an atmosphere of the price rise or if new fiats are entry into the market, still, it will benefit Bitcoin growth. Lets watch how this happen.

crairezx20

legendary

Activity: 1638

Merit: 1046

Oh, that is why the price of altcoin is not increasing these days, unlike bitcoin.
I posted recently that only bitcoin is rising but altcoin is kept falling that I thought will also increase because the bitcoin price is increasing.

I hope some of the coins that I hold will jump soon as bitcoin do.

hugeblack

legendary

Activity: 2702

Merit: 4002

Quote from: BlockXSphere on May 03, 2019, 04:02:52 AM

If the Altcoin market follows BTC price rally then the bullish market is confirmed due to new FIAT entering on crypto market. If not then the BTC rally today is just the result of altcoin holders that shift to BTC which might result to price pull back in few days. Well, let's see. Grab your popcorn and watch here: https://cryptowat.ch/markets/coinbase-pro/btc/usd/15m Grin

I do not think this is true. If we take BTC Dominance as a measure (which I believe means nothing), the index is on the rise, meaning that BTC controls the total transactions.
Sometimes it is the opposite, as the rise/crash in some altcoins leads to the rise of the entire market (even BTC.)
So, in short, the psychological factor is that everyone tries to join the market whenever they feel better. News plays an important role in amplifying such rises ----> Bitcoin market cap stands at $100bn.

tonlong

sr. member

Activity: 726

Merit: 250

We look forward to this new bullish trend. I think Bitcoin will break the current price and reach $ 7,000 in May. If this happens. it will serve as a bomb that stimulates all Altcoins simultaneously with new price increases. It helps the crypto market grow.

bobsav2121

full member

Activity: 317

Merit: 104

I feel like a lot of people are still using too much cash. In spain for example there are a ton of places where they still don't even have card readers... Like wth...

Cool article that talks about Bitcoin's path to $40,000 https://cryptotradernews.com/cryptocurrency/bitcoin-the-path-from-4000-to-40000/

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

When altcoin holders see the price increase on bitcoin they will try to utilize the price increase to make profits so they were converting alts into btc but most of the price increase coming from outside of crypto investors so new money which is not huge impact when people convert back their alts.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Hahaha, you are right OP.
I think today, and bitcoin can go to the higher price after I see in yesterday, the price gets an increase for every price and it could break the higher price.
And now, the trend still going to go up but we need to be careful because we don't know if that is a trap or not and everything can happen at this moment.
Make sure you can take your profit while you can and don't miss the right time to buy bitcoin at a low price.
And if the price can break $6k, then I think in the next week, we might see a new higher price ever because we are at a low price since the last year.

xvids

sr. member

Activity: 1176

Merit: 301

Quote from: Tobaa on May 03, 2019, 10:30:17 AM

My portfolio dollar value is increasing but the satoshi is dropping. Why?

It is as OP says the price increase in BTC have only 2 reason
First there are new money that gets in on the market,
Or second the bag holders of alt-coin are just switching their alt to BTC.
And base on your folio it seems that most of your holdings are being traded to BTC and that is the reason why your Sats folio is getting low while your dollar value increase.

iv4n

legendary

Activity: 3346

Merit: 1191

How much popcorn to prepare, my friend? The rally may last long and may be over tomorrow already. Bitcoin is totally unpredictable, but as all of you guys I would like that it would be just the beginning and we will see more positive surprises in sooner time.

rizkyhiw

legendary

Activity: 1484

Merit: 1004

Quote from: BlockXSphere on May 03, 2019, 04:02:52 AM

If the Altcoin market follows BTC price rally then the bullish market is confirmed due to new FIAT entering on crypto market. If not then the BTC rally today is just the result of altcoin holders that shift to BTC which might result to price pull back in few days. Well, let's see. Grab your popcorn and watch here: https://cryptowat.ch/markets/coinbase-pro/btc/usd/15m Grin

Relax dude, we still see further market success that will come when the market is very difficult for us to determine, indeed this is a fast and high increase, of course, with simultaneous entrance funds there may be good potential so they dare to invest, I am quite happy with this pumping, but it would be nice to invest and wait for the results to arrive.

Bitinity

legendary

Activity: 3066

Merit: 1312

Quote from: Tobaa on May 03, 2019, 10:30:17 AM

My portfolio dollar value is increasing but the satoshi is dropping. Why?

Obviously it is due to the bitcoin price is increasing towards dollar, are you new in this crypto world investment?
I dont think it is a new thing to have such condition, I can say that your condition is good as it means a profit for you.

buwaytress

legendary

Activity: 3010

Merit: 3724

Join the world-leading crypto sportsbook NOW!

Quote from: Slow death on May 03, 2019, 12:05:14 PM

Quote from: BlockXSphere on May 03, 2019, 04:02:52 AM

If the Altcoin market follows BTC price rally then the bullish market is confirmed due to new FIAT entering on crypto market. If not then the BTC rally today is just the result of altcoin holders that shift to BTC which might result to price pull back in few days. Well, let's see. Grab your popcorn and watch here: https://cryptowat.ch/markets/coinbase-pro/btc/usd/15m Grin

many altcoins are shitcoins, have no use in the real world, are meaningless projects and every day shitcoin more appear than to become great competitors of shitcoins that already exist and many investors already realize this. That's why people sell their altcoins to buy bitcoin. Look at what these altcoins promise, you get scared. People will not sell their bitcoins to buy shitcoins again

I'm a "serious" holder of a couple or so altcoins, and then give a handful more for casual fun, and I still have to agree with you. Even if I wanted to, I couldn't use the majority of the coins I use. Monero, maybe, okay, if I really needed to keep things super private, but then I'd have to convince people to accept it (and I have a hard time doing that for Bitcoin already!). Litecoin, I like it and I could use it, but Bitcoin's still a first option. There's no place I shop or pay at that accepts LTC and not BTC.

Save those few, sure I got coins with interesting ideas but at the end of the day, nothing close to the practical use I have for Bitcoin. And that's proven by my own personal spending history which is 100% in BTC.

So, OP, duh altcoin money eventually flows back to BTC!

Slow death

legendary

Activity: 3234

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: BlockXSphere on May 03, 2019, 04:02:52 AM

If the Altcoin market follows BTC price rally then the bullish market is confirmed due to new FIAT entering on crypto market. If not then the BTC rally today is just the result of altcoin holders that shift to BTC which might result to price pull back in few days. Well, let's see. Grab your popcorn and watch here: https://cryptowat.ch/markets/coinbase-pro/btc/usd/15m Grin

many altcoins are shitcoins, have no use in the real world, are meaningless projects and every day shitcoin more appear than to become great competitors of shitcoins that already exist and many investors already realize this. That's why people sell their altcoins to buy bitcoin. Look at what these altcoins promise, you get scared. People will not sell their bitcoins to buy shitcoins again

--DarkSecrets--

hero member

Activity: 854

Merit: 500

Stake & Vote or Become a IoTeX Delegate!

Quote from: BlockXSphere on May 03, 2019, 04:02:52 AM

If the Altcoin market follows BTC price rally then the bullish market is confirmed due to new FIAT entering on crypto market. If not then the BTC rally today is just the result of altcoin holders that shift to BTC which might result to price pull back in few days. Well, let's see. Grab your popcorn and watch here: https://cryptowat.ch/markets/coinbase-pro/btc/usd/15m Grin

It depends on the market and it not goes like the way we anticipate it. I cannot say that when altcoins follow bitcoins trend it will be a new fiat or fresh money in the market as we need to have a confirmation on its overall market. Bitcoin pump this day is a good bounce above 50 rsi but it is not that good because we are almost near to 75 - 80% RSI that i am watching and i really want to saw it first how this candle close for this entire day and think on the other bias.

Tobaa

newbie

Activity: 57

Merit: 0

My portfolio dollar value is increasing but the satoshi is dropping. Why?

Jating

hero member

Activity: 2842

Merit: 772

How can you say that altcoins investors suddenly shifts their funds to bitcoin? Did they just woke up today and then decided to pour their cash suddenly and then exit with profits?

I think we are already in the bullish cycle that's why investors are ready, not just from altcoins ecosystem but new face are pumping fresh blood in the market.

carter34

member

Activity: 1302

Merit: 25

The rally is good enough for a momentum growth, I can't confirm a bull yet on my own until we can comfortable in the $6,000 zone before I can go to sleep... Shocked

Anything can happen with what I see.

BlockXSphere

copper member

Activity: 8

Merit: 0

https://t.me/BlockXSphereBounty

If the Altcoin market follows BTC price rally then the bullish market is confirmed due to new FIAT entering on crypto market. If not then the BTC rally today is just the result of altcoin holders that shift to BTC which might result to price pull back in few days. Well, let's see. Grab your popcorn and watch here: https://cryptowat.ch/markets/coinbase-pro/btc/usd/15m Grin

Topic: Bitcoin Price trends will be decided tomorrow(05/05/2019) - page 3. (Read 497 times)