Bitcoin proved it once again - page 3.

XZERO1

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Quote from: Wysi on December 10, 2020, 12:57:17 PM

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

Well, there was nothing to prove anyways, most people involved in crypto already know that bitcoin is the one that drives the market.

The reason for altcoins not going up alongside of bitcoin is because most of the money is flowing into Bitcoin at that moment, if you follow BTC domination chart you can clearly see that.

Altcoins will have their moments though and they tend to increase in price while Bitcoin is relatively strong and is going sideways, but when Bitcoin is the center of the attention like right now you will only see the increase of the price on BTC and other high cap altcoins like Ethereum, other low cap altcoins can only increase based on good news and even then their pump would not usually last that much and they could just as easily get back to their original price after a while.

Latviand

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Quote from: CLS63 on December 10, 2020, 02:31:10 PM

It has always been like this since Bitcoin has become the most dominant cryptocurrency in the market. As long as the dominant cryptocurrency doesn't change, Bitcoin will continue affecting altcoin prices.

That's why we can't deny that bitcoin is the best cryptocurrency in the world and those altcoins are just its deputy when bitcoin is not doing well.

We all know that there are factors that hugely affect the price of bitcoin but when it comes to altcoins, bitcoin is the number 1 crypto that hardly affect its price.

When bitcoin is bullish then altcoins will not be that stable, but when bitcoin is stable, I guarantee you that altcoins will boom in the alt market.

AniviaBtc

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Quote from: Wysi on December 10, 2020, 12:57:17 PM

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

In that type of scenario, you will really see that altcoins only depends on how important bitcoin in the market.

Once bitcoin is weak and don't have any positive movements in the market, other investors will now put their attention on altcoins where they can make profits.

Sometimes it is the season and proper timing that matters in cryptocurrency world, it is the observation and making predictions in the market that will help you earn more profits.

Negotiation

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You are right that the price of Bitcoin depends on the price of other altcoin as the price of bitcoin goes down so does the price of altcoin therefore it is necessary to analyze the market properly and evaluate the currencies. Seeing the market is not stable no one can observe the price difference but bitcoin is above all nothing can compete with bitcoin.

kentrolla

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Agree, things have never changed even after a decade BTC is dominating and still ruling the crypto market it shows how capable and powerful coin it is.

I never thought altcoins will drop massively then I realized oh it's BTC who is making impact in the market, However we need to wait unless BTC recovers if this happens alts too will make noise in the market.

Warkop

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Quote from: Wysi on December 10, 2020, 12:57:17 PM

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

In my opinion this is because the Bitcoin downtrend can occur at any time for correction, and cannot be predicted with certainty, so do an accurate assessment and vision every day to ensure an increase in the Bitcoin price, so you can easily take excellent opportunities by buying Altcoins which you think is good and stable for your investment in the market.

Why is it that every time the Bitcoin price drops, the Altcoin market becomes a red zone? because Bitcoin is the heart of all Altcoins, so if the Bitcoin price decreases the Altcoin price will automatically be affected by this decrease in the Bitcoin price.

tall3r

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I actually think bitcoin will replace real gold and become digital gold. Therefore, it seems to me that even now the price of bitcoin is still far from the top.

The Cryptovator

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We know all that Bitcoin is a mother coin and it will remain the mother always. We have seen when Bitcoin drop, then at the same time most of the altcoins following the bitcoin trend, but during recovery Bitcoin price most altcoin can't follow the bitcoin trend. That's why sometimes alt traders regret it. I had done the same mistake previously. During trading, I thought my bought coin would follow the trend of Bitcoin. But it didn't happen ever and I lost a huge amount of funds.

Pamadar

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Quote from: ethereumhunter on December 11, 2020, 04:58:14 AM

Quote from: fileo on December 11, 2020, 02:58:03 AM

Quote from: dizzy1996 on December 11, 2020, 01:53:14 AM

Yes, such a phenomenon is present and this is justified if bitcoin is growing, then all the altcoins are behind it, this is explained by the fact that if large investments enter the market, then not only in bitcoin but also in other cryptocurrencies and, accordingly, altcoins are growing

I also see the market is in red. All tokens in my portfolio are in red slowly dropping from 300$ approaching to 150$. Anyway, I'm optimistic that the market will recover again in due time. I'm not so worried of my investment because I know they are potential and can recover again in a matter of time.

It is good if you still have confidence and believe in the market. Many of us doubt that the market will be back soon because we have already seen many corrections since the last months. But we still need to optimist that it is just correction that can happen anytime, and we don't have to worry about that. Everything will be back to normal, and the price will start to increase again. Meanwhile, we can buy more bitcoin again this time before the price break to $19k.

If you do believe that it will pumped back again.

Buying from this area might be a good then hold and wait for the value to rise back and bring you a good compensation, most of the
time it's your own assessment that will gives you the hint whatever position to take. Bitcoin influenced the market and still showing that
with this current downfall.

taufik123

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Quote from: fileo on December 11, 2020, 02:58:03 AM

I also see the market is in red. All tokens in my portfolio are in red slowly dropping from 300$ approaching to 150$. Anyway, I'm optimistic that the market will recover again in due time. I'm not so worried of my investment because I know they are potential and can recover again in a matter of time.

There are times when the market will recover. Pump and dumb are common.
But even so, you must still have a strategy to be able to maintain your investment capital. If the market is bearish and falling beyond our predicted price, we must have spare money to buy back at the bottom price. Do not use 100% of the funds you have. Use about 30% -50% to overcome the shock that will occur.

Staying optimistic and not doing Cutloss will be better than having to panic and end up wasting your money for nothing.

lifeOK

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Quote from: JohnBitCo on December 11, 2020, 02:15:23 AM

Quote from: Wysi on December 10, 2020, 12:57:17 PM

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

You will not find much dump in the bitcoin prices because institutions are ready to buy every dip. The altcoin market is not so good these days because of high bitcoin dominance. In coming days, bitcoin will cross all time high so its best time to accumulate as many bitcoins as possible.

You actually oppose one of the known phrase- Bitcoin goes up like staircase and fall like an elevator. However, You're word positive enough to impress others however i'm in tough situation whether things repeat as before or those big institutions save us this time to deep more.

ethereumhunter

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Quote from: fileo on December 11, 2020, 02:58:03 AM

Quote from: dizzy1996 on December 11, 2020, 01:53:14 AM

Yes, such a phenomenon is present and this is justified if bitcoin is growing, then all the altcoins are behind it, this is explained by the fact that if large investments enter the market, then not only in bitcoin but also in other cryptocurrencies and, accordingly, altcoins are growing

I also see the market is in red. All tokens in my portfolio are in red slowly dropping from 300$ approaching to 150$. Anyway, I'm optimistic that the market will recover again in due time. I'm not so worried of my investment because I know they are potential and can recover again in a matter of time.

It is good if you still have confidence and believe in the market. Many of us doubt that the market will be back soon because we have already seen many corrections since the last months. But we still need to optimist that it is just correction that can happen anytime, and we don't have to worry about that. Everything will be back to normal, and the price will start to increase again. Meanwhile, we can buy more bitcoin again this time before the price break to $19k.

Innerpumper

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Quote from: Wysi on December 10, 2020, 12:57:17 PM

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

I'm sure it's because of the annual Christmas celebrations and it seems like it's happened a lot in the previous year. At the end of each year leading up to Christmas bitcoin will experience a price drop and will usually stabilize in the early to mid-year. I've seen it a lot.

Shallow

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That is just the truth and the better most people start understanding that, the better for them. When I say most people, I refer to those who still think an altcoin will overtake Bitcoin or one altcoin is worthy enough to be better than Bitcoin, well I will leave them to that. About the market, it is very obvious that the price of altcoins depends on Bitcoin, and with the increasing rate of Bitcoin's dominance, it further widens that gap and makes them heavily dependent. However, there are still some altcoins that tends to move in relation with Bitcoin, that is, with Bitcoin growth, they also grow with it and vice versa, altcoins such as Ethereum. In the same way, there are a whole lot of others that, once Bitcoin grows they dumps and if Bitcoin dumps, they also dump with it; but in general, Bitcoin dump brings about a big chaos in altcoin market.

Question123

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We just need to not expect to the bitcoin and altcoin have all same movement because they are different coins. We are seeing before we saw a same movement in the bull run but now they have different but don't worry next year it is possible to see a same things which is the price will pump and for the both investors of the bitcoin and altcoins if they invest to the cryptocurrency.

fileo

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Quote from: dizzy1996 on December 11, 2020, 01:53:14 AM

Yes, such a phenomenon is present and this is justified if bitcoin is growing, then all the altcoins are behind it, this is explained by the fact that if large investments enter the market, then not only in bitcoin but also in other cryptocurrencies and, accordingly, altcoins are growing

I also see the market is in red. All tokens in my portfolio are in red slowly dropping from 300$ approaching to 150$. Anyway, I'm optimistic that the market will recover again in due time. I'm not so worried of my investment because I know they are potential and can recover again in a matter of time.

adzino

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Prove what? It has been happening since day one. When price of bitcoin starts to rise, we see altcoins dropping. Probably because people wants to join the bitcoin bull run, so they dump their coins. After a while, the price of altcoins also start to rise. This is also because people who sold their altcoins now starts to buy it for cheap, hence altcoin slowly starts to rise back. When bitcoin starts to drop, altcoins also starts to drop more badly since most altcoins are traded in btc pairs.

rodskee

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Quote from: Wysi on December 10, 2020, 12:57:17 PM

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Traders and investors will always bet for the safeties of having funds inside bitcoin so they might go around their other funds but there will always remaining in Bitcoin ths is why in each movement alts will always go only once Bitcoin moves first,even if uptrend or downtrend .

Quote from: Wysi on December 10, 2020, 12:57:17 PM

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

But not in 2018 when price of Bitcoin completely going insane but altcoins are doing their trend up,means their supporters can do it after manipulating Bitcoin.
but it is always nice to see the Domino effect of bitcoin action makes us trust the currency more.

JohnBitCo

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Quote from: Wysi on December 10, 2020, 12:57:17 PM

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

You will not find much dump in the bitcoin prices because institutions are ready to buy every dip. The altcoin market is not so good these days because of high bitcoin dominance. In coming days, bitcoin will cross all time high so its best time to accumulate as many bitcoins as possible.

sayaya17

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Quote from: Wysi on December 10, 2020, 12:57:17 PM

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

In the cryptocurrency market, the major currency is Bitcoin. Although fiat, Ethereum, and Tether currencies are frequently used.
Altcoin are used to fund bitcoin runs, and Bitcoin funds Alt’s operations. As it relates, movements in the price of Bitcoin are likely
to have an influence on the price of Altcoins. When the price of Bitcoin rises rapidly, the chances are it will depress Altcoins as money
flows into the Bitcoin market. On other occasions, Altcoins will go up, as fiat currencies flow throughout the crypto market, usually,
this phenomenon occurs when a fresh wave of adoption occurs.

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