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Topic: Bitcoin up altcoin dump (Read 5230 times)

sr. member
Activity: 355
Merit: 250
blockchaintr.net
November 15, 2017, 07:06:04 AM
Try searching BTC dominance charts to see the correlation between altcoins and bitcoin. Also, Marketcap chart is another value to monitor. After Dec 15 I guess both altcoins and bitcoin will go up. My answer is there is correlation between them to have a good guess try follow the charts I mentioned.
bs9
full member
Activity: 154
Merit: 100
November 15, 2017, 07:03:02 AM
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
We know that when bitcoin pump alwasys altcoin dump.We can see also that bitcoin dump and altcoin dump but bitcoin stand altcoin on the moon.So when bitcoin pump you can buy some altcoin which coin you are selected.Another option you can also buy bitcoin when its price low and than sell high.
hero member
Activity: 2366
Merit: 504
November 15, 2017, 06:34:03 AM
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
Yes, this can't be deny due to its always happen most of the time, but when there is dropping the price value happen well, expect also for the coming increase again the original price or more of it.

Doing that is a tedious and risky process, better to take this opportunity and trade Bitcoins as much as possible, whenever bitcoin increases, I just sell part of it and when it dumps, I can buy more of it with the same price.

Yes this is the right time to trade Bitcoins. When the bitcoin price jumps to $2500 and reached $2900, all Bitcoin traders are switched to altcoin trading. Because it is easy to trade and the profit is also high. But now all altcoins are stable, and there is no more fluctuation in altcoin price. But bitcoin's price is varying the very high volume. So now bitcoin trading is best to make money.
If you are seeing the latest chart and that makes your opinion goes wrong. That depends on the trend. The stability of the altcoin means if the bitcoin trades become the more active rather than altcoin itself.
We know the traders will always be jumping from one to another to gain the more bucks.
member
Activity: 242
Merit: 10
November 15, 2017, 06:20:45 AM
For me investing in altcoins is a better option as the bitcoin price is too high to hold and earn profit. It's only good for those who have been holding since 6-7 months while new altcoins always have the capability to increase in value when they are distributed via ICOs Gambling altcoins have a better margin than normal altcoins and hence it's better to invest.
legendary
Activity: 1456
Merit: 1005
June 16, 2017, 01:20:13 PM
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
Yes, this can't be deny due to its always happen most of the time, but when there is dropping the price value happen well, expect also for the coming increase again the original price or more of it.

Doing that is a tedious and risky process, better to take this opportunity and trade Bitcoins as much as possible, whenever bitcoin increases, I just sell part of it and when it dumps, I can buy more of it with the same price.

Yes this is the right time to trade Bitcoins. When the bitcoin price jumps to $2500 and reached $2900, all Bitcoin traders are switched to altcoin trading. Because it is easy to trade and the profit is also high. But now all altcoins are stable, and there is no more fluctuation in altcoin price. But bitcoin's price is varying the very high volume. So now bitcoin trading is best to make money.
legendary
Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
June 16, 2017, 12:26:22 PM
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
Yes, this can't be deny due to its always happen most of the time, but when there is dropping the price value happen well, expect also for the coming increase again the original price or more of it.

Doing that is a tedious and risky process, better to take this opportunity and trade Bitcoins as much as possible, whenever bitcoin increases, I just sell part of it and when it dumps, I can buy more of it with the same price.
sr. member
Activity: 714
Merit: 252
June 16, 2017, 12:09:12 PM
You are true about bitcoin and altcoin relation where they are inversely related. But it is not always true for few of the coins out there. Some of them are new in the market and get lots of investors to try them out, this gives them gain in value and they start pumping. In such a case they wont get affected even though bitcoin price is moving up or down. You can try this one on any exchange site keeping in mind that the coin you looking at is completely new and being hot in the list for investment opportunities. So, its all about personal experience.
sr. member
Activity: 882
Merit: 269
June 16, 2017, 11:42:38 AM
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
my strategy in trading altcoins is very simple. I do buy altcoins when it price has retrace to a Fibonacci level and my second test is to see that bitcoin price is at the highest level. When bitcoin is very expensive and altcoins is cheap that is the best time to buy.
hero member
Activity: 798
Merit: 506
June 16, 2017, 11:20:05 AM
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
Yes, this can't be deny due to its always happen most of the time, but when there is dropping the price value happen well, expect also for the coming increase again the original price or more of it.

But there was a time when bitcoin price increase in rally (last month) but other altcoins followed it up as well. Everyone who interested in crypto world might be invested huge amount of money to bought it. However, after rises, there will be always correction due to investors/people want to get profits from high price of cryptocurrencies. So, whenever you think bitcoin price rise and altcoins dump, don't sell bitcoin instead of convert it into altcoins that you think it will increase, but if you don't know which coin, better stick to bitcoin.
hero member
Activity: 1092
Merit: 501
June 16, 2017, 11:00:49 AM
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
Yes, this can't be deny due to its always happen most of the time, but when there is dropping the price value happen well, expect also for the coming increase again the original price or more of it.
legendary
Activity: 2618
Merit: 1105
June 10, 2017, 12:14:20 PM
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh

As the btc price has been rising, the alts have also gone crazy and are finally taking off just the way btc has been doing.
Altcoins are making their new highs and its not stopping here at once, they are doing it even twice and thrice. And it's still gone risky and unpredictable that which alt may get dumped down when.
hero member
Activity: 658
Merit: 500
June 10, 2017, 11:20:47 AM
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh

For some altcoin dump their price, but also any altcoin rising their price from 1 sat to 7 sat
hero member
Activity: 840
Merit: 501
June 09, 2017, 06:48:30 PM
Theoretically it is true, when bitcoin up the alt coin price will down, but I will more suggest to not using bitcoin price to buy alt coin, alt coin got its own market it is not dependant on bitcoin, see the potential of the coin when you want to buy the coin and see the transaction volume, don't based on bitcoin price
hero member
Activity: 1022
Merit: 521
June 09, 2017, 05:56:26 PM
Sometimes such statements do not apply, because sometimes Bitcoin Up Alt is also Up. All of them sometimes depend on traders who panic.
You are right. It is the same which occurred in the previous month. In the previous month a large number of altcoins increased in their price when bitcoin was also increasing in its price. That happens when the investors do not withdraw their money from other coins and invest their other fiat in crypto currencies.
legendary
Activity: 966
Merit: 1042
June 09, 2017, 03:00:43 PM
It's funny how when bitcoin goes up some altcoins crash (showing their true value) while others go up with bitcoin because the exchanges list them in terms of how many satoshis it takes to buy them so some people don't even notice that they actually just went from a 3 cent shitcoin to a 2 and a half cent shitcoin lol.
full member
Activity: 187
Merit: 100
June 09, 2017, 02:58:53 PM
Sometimes such statements do not apply, because sometimes Bitcoin Up Alt is also Up. All of them sometimes depend on traders who panic.
Every thing in trading is depends also in demand and supply.. where the price was increased.. but trading bitcoin to altcoin or altcoin to bitcoin has a good potencial that you can gain more profit than staying in one coin this is just base what im experience in trading..  because altcoin also have fast movement of the price and bitcoin and slow price increased..
yes and I think the demand of bitcoin is increasing from time to time, because more and more people are getting awareness about bitcoin and the benefits of bitcoin are compelling them to enter the world of  bitcoin, which is increasing the denand of bitcoin and so the supply is decreasing and altimately the price of bitcoin is also increasing. I am sure that in future the price of bitcoin will increase more because still less than 2% people of the world are using bitcoin.
As far as I understand all this kitchen in Bitcoin, only we, the users of crypto currency, can make Bitcoin more popular and popular in the world. Only in this way will we be able to achieve legalization of the crypto currency and increase the demand for this kind of activity.
hero member
Activity: 588
Merit: 500
June 09, 2017, 02:45:21 PM
Sometimes such statements do not apply, because sometimes Bitcoin Up Alt is also Up. All of them sometimes depend on traders who panic.
Every thing in trading is depends also in demand and supply.. where the price was increased.. but trading bitcoin to altcoin or altcoin to bitcoin has a good potencial that you can gain more profit than staying in one coin this is just base what im experience in trading..  because altcoin also have fast movement of the price and bitcoin and slow price increased..
yes and I think the demand of bitcoin is increasing from time to time, because more and more people are getting awareness about bitcoin and the benefits of bitcoin are compelling them to enter the world of  bitcoin, which is increasing the denand of bitcoin and so the supply is decreasing and altimately the price of bitcoin is also increasing. I am sure that in future the price of bitcoin will increase more because still less than 2% people of the world are using bitcoin.
hero member
Activity: 700
Merit: 500
Massive price drop coming...
June 09, 2017, 12:15:32 PM
Sometimes such statements do not apply, because sometimes Bitcoin Up Alt is also Up. All of them sometimes depend on traders who panic.
Every thing in trading is depends also in demand and supply.. where the price was increased.. but trading bitcoin to altcoin or altcoin to bitcoin has a good potencial that you can gain more profit than staying in one coin this is just base what im experience in trading..  because altcoin also have fast movement of the price and bitcoin and slow price increased..
legendary
Activity: 2338
Merit: 1084
zknodes.org
June 09, 2017, 11:49:41 AM
Sometimes such statements do not apply, because sometimes Bitcoin Up Alt is also Up. All of them sometimes depend on traders who panic.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
June 09, 2017, 11:20:48 AM
the markets are more complex than simple explanations but that explains the basic forces that move the price.
Yes, we will never get chances to fix the entire cryptocurrency market into one simple pattern. The recent market movements are good self-explanatory on this. Altcoins found up surges regardless of bitcoin's up or down movements. But there were old times when bitcoin was dominant in terms of share on total cryptocurrency market cap, at those times mostly altcoins found down fall when bitcoin rises.
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