Topic: bitcoin to $4000 = altcoin market crash - page 3. (Read 3099 times)
Alt can crash extremely fast and this might just be the beginning. If you remove the buy support from illiquid markets, there is really just one outcome.
based on my observation bitcoin and altcoins have an inverse relationship in their value, when the value of bitcoin rises then altcoins are losing their value, and vice versa. so if you are hopeful of your altcoins so let's wait for a market correction until it reach -200 to -300 USD from ATH.
They are taking advantage of the high price, exiting from altcoins to get more bitcoin. Then they can dump it for fiat. They can buy bitcoin again if the price gets back down. This is a natural reaction of the market everytime the price of bitcoin suddenly goes up.
I'd have to agree with you on this point I think alot of folks cash out in to btc -> local currencies when the price of btc spikes then buy back in when it dies...it went from 1000 to ~300 -> $2500 to ~$1800 -> $3000 to ~4? ~5? who knows. I wouldn't be surprised if it's a huge fucking pump and dump though ha
no dude, your history is way off the mark
bitcoin price went up from $0.01 to $0.1 then $1 then $12 then $20 then $100 and then $200
by this time a malicious exchange got big enough (similar to poloniex of today for altcoins) which controlled about 75-80% of the total volume and fake pumped the tiny market of that day up to nearly $1200 and then scammed and ran away. we can exclude this from history
then price went up to $400, $600, $700 (the halvening) then broke $1000 then $1500 then $2000 then $2400 and then $2700 and then $3000 and now it has gone up fast to $4100
all this time each of these rises which are the same size happened over a good period of time for accumulation and then it went up higher and also there has been a lot of drops after each of these to make a healthy correction.
on the other hand a pump and dump means price goes up and then down not only up for 6 years (excluding Mt Gox from the total <8 )
in a pump and dump there is no correction either.
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.
well if you understand how crypto will work then its a good chance to buy those alts that you think will have a big chance of bouncing back, fluctuation happen then correction will follow be sure that you already review coins who's already in its dip so afterwards you will be able to gain a lot, just be very careful and make an extra research before placing an entry.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.
That's not what I've see right now since if you take a look on what is happening on some alts their the price of them got rise for more and yet I'm earning with my long bag hold coins eventhough the bitcoins price is surging. The only Alt I've seeing getting down is the ETH and the wallet maintenance is occuring for this coin right now.
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.
well if you understand how crypto will work then its a good chance to buy those alts that you think will have a big chance of bouncing back, fluctuation happen then correction will follow be sure that you already review coins who's already in its dip so afterwards you will be able to gain a lot, just be very careful and make an extra research before placing an entry. 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.
Winter is coming.
A four month long pump and dump?!?!?!? That is crazy. But who know could be true. I hope not thom
I'd have to agree with you on this point I think alot of folks cash out in to btc -> local currencies when the price of btc spikes then buy back in when it dies...it went from 1000 to ~300 -> $2500 to ~$1800 -> $3000 to ~4? ~5? who knows. I wouldn't be surprised if it's a huge fucking pump and dump though ha
I think its going to take one of the premium coins pumping very hard to start things off for all the big alts. That will then trickle down to the newer coins. When btc broke 1200, Dash was the first to kick things off. Went x10 or higher. Dash has 3 conferences in Europe scheduled in September. Could history repeat itself?
its mid august and bitcoin price reached 4,000. its likely the new target is 5,000. lets hope more new people get into crypto and invest more money, so not only btc price will go up, alt coins will go up too.
In just a short time, Bitcoin reaches $ 4,000, altcoin go to the moon, this makes me very scared about the altcoin because I am sure next week all altcoin will decrease because they will definitely sell altcoin to buy Bitcoin because Bitcoin prices are currently very high and can certainly reach $ 5000 next week
I now seem to think that Bitcoin rising no end is not that healthy anymore to the crypto market. I think it is better if there are fluctuations even if the general line is upward. I remember the past prediction that this year 2017 will end up with BTC having reached $4000. It came much earlier and all the alts are dumping now.
This means people don't want to invest their fiats in BTC right now because the price is too high - this is why they moved out from altcoins instead and put their money in bitcoins to avoid deflation. Altcoins will be back on track as soon as BTC price stabilizes again (probably at 5000s). I am also crossing my fingers because I have bags of altcoins that decreased their BTC value but fortunately increased in USD. 
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.
Bitcoin strong, all the "ICO" coins come down quickly. Those who bought "primalbase" at 3-5 BTC per token now can sell only at 1 BTC. The "investors" lost big.
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.
this is what has happened so far to altcoin market,
- bitcoin goes up ---> altcoins drop
- bitcoin dumps ----> altcoins get dumped harder.
it is the dynamic of the market. although there are exceptions too.
in any case i have found out that altcoin market is only good for certain period of times.
- when bitcoin is stable and boring
- when there is a lot of FUD about bitcoin and how it is going to die
and we have seen and also exhausted both these options to pump altcoins this year.
this is a terrible advise on so many different levels.
first because bitcoin is rising and the rally is just starting and it is pretty strong!!
and also because tether is not exactly the best option you can rely on.
- bitcoin goes up ---> altcoins drop
- bitcoin dumps ----> altcoins get dumped harder.
it is the dynamic of the market. although there are exceptions too.
in any case i have found out that altcoin market is only good for certain period of times.
- when bitcoin is stable and boring
- when there is a lot of FUD about bitcoin and how it is going to die
and we have seen and also exhausted both these options to pump altcoins this year.
Sell it as bit coin or buy tether and wait it out.
this is a terrible advise on so many different levels.
first because bitcoin is rising and the rally is just starting and it is pretty strong!!
and also because tether is not exactly the best option you can rely on.
Once it settles people will spend there coins else where. Just give it time and accumulate your favorite coins.
i dont think bitcoin is gonna surge past 4k that easily and maintain it on the 1st try)
It surged past $3000 last week and people said wait for it to drop below $3000 to buy.
Bitcoin pretty much has something that no other coin has -- new investors to crypto bringing in new money, a of whom might never invest in another crypto.
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