What we are seeing now is quite confusing. The report says, Japanese market is causing the demand in Bitcoin, that would explain why the altcoins are not crashing badly. It is just that there is more extra cash coming into bitcoin rather than money from altcoins being channeled to bitcoin, which is the normal trend in crypto currency. That explains you know. This is a good example of what will happen in the future when more nations get involved with bitcoin, fresh money, bitcoin all time high. This will be crazy in the next coming 10 years.
But what i do not understand is how on earth BCC is more valuable than ETH? it is at 0.1168 sat at this point of my writing.
Topic: bitcoin to $4000 = altcoin market crash (Read 3119 times)
Oh yeah pump and dump hard!!!
Looks like there are some coins or tokens getting crashed but not that much. Especially top coins aren't even affected by bitcoin rally.
Bitcoin price increase most impact on eth,Altcoin others Just carried away Bitcoin price stability, If btc is stable Altcoin is not affected with btc high value,That's when i make buying and selling altcoin
what do you think about that ?
so far whenever bitcoin price goes up, most of the altcoins (specially the top 10 alts) get dumped pretty hard.
and it has already happened, with bitcoin over $4000 everything is in red again.
even though btc suck blood from other altcoins, but it doesnt mean altcoin crash while the btc go to $4000, the market has proven it recently so far whenever bitcoin price goes up, most of the altcoins (specially the top 10 alts) get dumped pretty hard.
and it has already happened, with bitcoin over $4000 everything is in red again.
I think you are absolutely right. The top altcoins are falling now. I can't imagine when Bitcoin will be 5000$.
They are falling with respect to Bitcoin. If you look carefully at the exchange rates versus the United States Dollar, then you can see that most of the altcoins have held on to their value.
If you invest for the medium - long term across a diverse (10-20 alt-coins), you have nothing to worry about. Avoid trading, unless you are really experiences and everything will be fine. I personally keep my portfolio in 20-35% bitcoin which I believe is fairly optimum for the long-term game.
meh, i can't really see this as a good investment strategy. specially these days.
the total loss + profit of 10-20 altcoins is more negative than positive which means you will lose money in total and also it is hard to keep a close eye on 10-20 alts instead of say 5 good rising coins.
and if you look at the market you can clearly see that almost always only a handful of coins are rising (about 5) in other words if you invest in 10-20 you are only getting profit in 5 of them if you are lucky and lose money in 5-15 others.
and the market is big enough for you to invest even all your bitcoin in just 1 altcoin too.
I think you are absolutely right. The top altcoins are falling now. I can't imagine when Bitcoin will be 5000$.
Looks like there are some coins or tokens getting crashed but not that much. Especially top coins aren't even affected by bitcoin rally.
Altcoins need the right conditions to thrive. The market doesn't like uncertainty in bitcoin. It doesn't like massive bull runs or big corrections in bitcoin. The altcoin market likes a stable sideways moving or very slow increase/decrease in bitcoin. Wild swings and big news like hardforking doesn't give altcoins a good environment to thrive in.
Unlike bitcoin, altcoin market didn't have such fight like hard fork/segwit. Also it depends on bitcoin in price but it didn't move up with bitcoin so other factors are involved I think. Maybe, moving price of bitcoin attracted altcoin investors and they have decided to sell altcoins to buy bitcoin. With the addition of new investors on bitcoin, altcoin market went down. I think alts will need more news to survive against bitcoin.
Altcoins need the right conditions to thrive. The market doesn't like uncertainty in bitcoin. It doesn't like massive bull runs or big corrections in bitcoin. The altcoin market likes a stable sideways moving or very slow increase/decrease in bitcoin. Wild swings and big news like hardforking doesn't give altcoins a good environment to thrive in.
If you invest for the medium - long term across a diverse (10-20 alt-coins), you have nothing to worry about. Avoid trading, unless you are really experiences and everything will be fine. I personally keep my portfolio in 20-35% bitcoin which I believe is fairly optimum for the long-term game.
I think 20% or more is really a good spread for bitcoin. But this should be in longer term. Just let your coin sit in your wallet for about 2 years and I'm sure it will pay good dividends along the way.
Well for some trading is very lucrative so they will continue to do so. But for some of us who are really not good in trading, investment in the best option. You have nothing to worry about unlike in trading which will put some pressure in yourself to make a profit. That is why there are professional traders who are very skilled on this craft and they are making a decent gains from day trading.
If you invest for the medium - long term across a diverse (10-20 alt-coins), you have nothing to worry about. Avoid trading, unless you are really experiences and everything will be fine. I personally keep my portfolio in 20-35% bitcoin which I believe is fairly optimum for the long-term game.
No doubt the whole market is facing bearish times right now but I think it is just a matter of time to see a general uptrend in most of them. We need to keep in mind that this new altcoin market is in expansion and I have no doubt that by the end of this year most coins will be doubling their current price.
Maybe bitcoin price is raise unto $4000 but it not means that altcoin community will be crashed. However, I believe that all coins and altcoin in crypto currency society will be success and increase their price.
With the growth rate of bitcoin, alot of people will start cashout alt.
Guess people still looking forward for bc to keep increasing. this might be a good time to invest a little as well.
Guess people still looking forward for bc to keep increasing. this might be a good time to invest a little as well.
No doubt the whole market is facing bearish times right now but I think it is just a matter of time to see a general uptrend in most of them. We need to keep in mind that this new altcoin market is in expansion and I have no doubt that by the end of this year most coins will be doubling their current price.
what do you think about that ?
so far whenever bitcoin price goes up, most of the altcoins (specially the top 10 alts) get dumped pretty hard.
and it has already happened, with bitcoin over $4000 everything is in red again.
so far whenever bitcoin price goes up, most of the altcoins (specially the top 10 alts) get dumped pretty hard.
and it has already happened, with bitcoin over $4000 everything is in red again.
Yes, I think that's common. I think panic sell will not help here, I prefer to do a hold rather than sell because I am sure that altcoin will pump again.
Even if you profit in altcoins, Bitcoin is the easiest way to cash out. So Bitcoin is riding a wave of its own success and any achieved by the altcoins.
And altcoin market crash means lots of opportunities to invest the money! Just imagine having that much low value coins is bright because everyone knows they will all pump soon. So just have it positively and stick with investments. :-)
it's very true, market altcoin crash it can be used to buy a coin that has a future. market altcoin crash that is a source of profit or opportunity for traders to reap the benefits. Some of you still in your deep slumberland. Wake up. I ams surprised with some of you saying the mass has begin to see bitcoin and adopting it. Dude, which common man actually afford to buy bitcoin at this price? like really? The thing is, say "Hello to the Big Boys". They have arrived. You should have noticed the moment prices jumping by the hundreds in weeks which didnt move that much in years. The game has begun and soon they will begin to hold more coins than anyone of you like how they hold cash. The same 1% controlling 99% will happen again very soon. No doubt the price of your btc will increase but the volume that you hold will shrink. They know the game. Start realising before it is too late.
This made me think of the sudden big increase on bitcoin. You're right, the whales of bitcoin are the ones behind these. Small holders of bitcoin will sell their parts and the ones who will be holding more and more are the big guys in the market.
totally agree. When the Winklevoss twins start their bitcoin ETF, good luck ever being able to afford 1 BTC ever again.
And altcoin market crash means lots of opportunities to invest the money! Just imagine having that much low value coins is bright because everyone knows they will all pump soon. So just have it positively and stick with investments. :-)
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