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Topic: Bitcoin up altcoin dump - page 5. (Read 5205 times)

hero member
Activity: 3052
Merit: 606
May 31, 2017, 04:37:21 AM
#45
Most of the time when bitcoin price goes up altcoin price declines significantly so during this time people mostly sell their ethereum, dash and maybe ltc. So if the price of bitcoin goes really high it's better if you buy one of these. Nowadays the market is really unpredictable so can't really know which coin will be pumped when , but if you hold ether for a long time you can get some good profits
Most of the altcoins dump but it is the trend all the time, what happen to Ethereum? Despite the increase of bitcoin's value Ethereum were also able to reach it's another all time high, by looking at https://coinmarketcap.com/currencies/ethereum/, it's over 200 dollars now, it has not happen previously.
hero member
Activity: 672
Merit: 500
May 30, 2017, 10:19:50 PM
#44
Most of the time when bitcoin price goes up altcoin price declines significantly so during this time people mostly sell their ethereum, dash and maybe ltc. So if the price of bitcoin goes really high it's better if you buy one of these. Nowadays the market is really unpredictable so can't really know which coin will be pumped when , but if you hold ether for a long time you can get some good profits
sr. member
Activity: 588
Merit: 254
May 29, 2017, 04:36:49 PM
#43
ON the previous week, not only altcoin dump but also bitcoin and I have lost a big amount of money in that dump. Damn it. Everything was ridiculouos
Sorry for your loss... The reason of the alts dumping is I guess some sort of proportional with the BTC. I think the BTC being a Pioneer in the crypto has influence over the alts.
sr. member
Activity: 645
Merit: 250
May 29, 2017, 04:32:54 PM
#42
Cryptocurrency is like a roller coaster.  Yesterday, everything was red.  Now today, everything is green.  If only you had a crystal ball to see in the future, everyone would be rich over night.
hero member
Activity: 1204
Merit: 545
May 29, 2017, 03:27:42 PM
#41
ON the previous week, not only altcoin dump but also bitcoin and I have lost a big amount of money in that dump. Damn it. Everything was ridiculouos
hero member
Activity: 798
Merit: 501
May 29, 2017, 04:01:04 PM
#41
ON the previous week, not only altcoin dump but also bitcoin and I have lost a big amount of money in that dump. Damn it. Everything was ridiculouos
you need to be very much careful. the market usually take correction at that time which cause the price of decrease but not too much. you just need to hold your bitcoin and not to sell it in such situation. i think through this way you can really prevent yourself from a big lost. i think the best thing is to study about the coin where we are are going to invest money.
sr. member
Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
May 29, 2017, 11:39:37 AM
#40
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
Good question. Actually it's depends from each person to choose he want do what or maybe both. When bitcoin price rising like yesterday, almost all altcoins falling and that was the best time to buy more altcoins, but in other hands, bitcoin price also rising so sky high (almost doubled than 1 month ago).
I did both yesterday, bought some altcoins and also sold some of my bitcoin
It is true that I strongly agree with his opinion, two good opportunities from two different sides. Bitcoin prices are always opposite to altcoin prices, this is an opportunity to share the two owned capital. It's smarter to take both with the intention of taking a big advantage.
1. Selling a portion of BTC at the peak price
2. buy altcoin at the lowest price and wait for BTC prices to return to normal.

But if this does not happen, what to do
When BTC goes down and altcoin also goes down?
newbie
Activity: 45
Merit: 0
May 29, 2017, 11:36:58 AM
#39
Well I believed that if Bitcoin falls, which was inevitable, the altcoins will rise. But that was not the case.

So until 2600 most alts grew with Bitcoin, them from 2600 to 2800 alts fell 10-20%. Then when Bitcoin plunged alts went even lower. I wasn't expecting that behavior.

Now, whenever Bitcoins grows even $50, most alts grow with Bitcoin. This applies to altcoins that are not related or compete at all to Bitcoin, is just that they are bought using Bitcoin.
legendary
Activity: 1092
Merit: 1000
May 29, 2017, 09:36:34 AM
#38
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
Same. If bitcoin rises, you have two options  and it's to hold or sell.  It's best to sell bitcoin to buy altcoins as their price it inversely proportional thus it's great opportunity to make profit.
Don't go for panic selling option. Yes now the price is down compared to last week but don't worry it will recover in few days. If you sell Bitcoins and buy altcoins, then it is your risk. Are you sure about altcoins price will increase in coming days then you can do this or else wait for some days you will get profit in bitcoins?
sr. member
Activity: 1176
Merit: 252
May 29, 2017, 09:13:01 AM
#37
I guess that's legal from the cryptocurrency world. Lots of altcoin will go down if bitcoin prices rise, but sometimes there are altcoins that go up, but very rarely. Well, sometimes the altcoin price goes up if the bitcoin price goes down, it's like a wheel.
full member
Activity: 378
Merit: 111
May 29, 2017, 08:51:06 AM
#36
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
Same. If bitcoin rises, you have two options  and it's to hold or sell.  It's best to sell bitcoin to buy altcoins as their price it inversely proportional thus it's great opportunity to make profit.
legendary
Activity: 1652
Merit: 1000
May 29, 2017, 08:37:00 AM
#35
if the price of altcoin dumped which mean it is good to buy and the current situations was slightly different that while bitcoin price rise up the popular of altcoin such as Doge, Litecoin or Dash also rise up too even sometimes the price down and rise up at the same day so i think this is good opportunity for short trading and get profit
sr. member
Activity: 1316
Merit: 356
May 29, 2017, 08:17:45 AM
#34
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
The bitcoin price will go up anytime and it will not go dumping as we can see in the chart. Even bitcoin is pumping it doesn't mean that altcoins will go dump. There are only some altcoins will go dump and some will go pump because some altcoins only pumps when the bitcoin pump also.
hero member
Activity: 2982
Merit: 790
May 29, 2017, 07:45:30 AM
#33
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
Depends on peoples preference, when bitcoin price tend to rise up some people do have altcoin holdings do decide to sell off so that they can able to accumulate more bitcoin and tend to hold until the price rise on a certain point which they can able to decide to sell on decent price and then most alts dump and then by the use of bitcoin buy some of them.Its just like that if you are a trader you would really understand what i mean here.
sr. member
Activity: 546
Merit: 250
May 29, 2017, 07:19:05 AM
#32
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
If bitcoin price value goes up, then majority of the altcoins are dropping the price it is a good to buy altcoin, then hold bitcoin if you have balance on it.
Agree mate, because the value of altcoin are depending on the value of bitcoin. That is why more investor are waiting for the big dump of bitcoin because that is the best time to sell their hold altcoin. That is one of the strategy of the traders.

Yap and i noticed it also time for altcoins to make there own pump but i dont guarantee investing in some random altcoins. Best still to read there whitepaper or the project ann. Thread. Other coins also do this twice a year and it has no connectiong with the btc's pump and dump. There are other coins that has there own projections and does not perform like other coins.
sr. member
Activity: 532
Merit: 280
May 29, 2017, 06:56:55 AM
#31
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
If bitcoin price value goes up, then majority of the altcoins are dropping the price it is a good to buy altcoin, then hold bitcoin if you have balance on it.
Agree mate, because the value of altcoin are depending on the value of bitcoin. That is why more investor are waiting for the big dump of bitcoin because that is the best time to sell their hold altcoin. That is one of the strategy of the traders.
sr. member
Activity: 910
Merit: 251
May 29, 2017, 04:31:15 AM
#30
When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
If bitcoin price value goes up, then majority of the altcoins are dropping the price it is a good to buy altcoin, then hold bitcoin if you have balance on it.
hero member
Activity: 2128
Merit: 520
May 29, 2017, 12:24:17 AM
#29
I think the drop is just a bunch of people taking profit. they are going to lose out on the next big pump in altcoin. There are altcoins that are going up still beacuse the market is beginning to realize that they are missing out on massive opportunities from selling them
well that's what is important when investing into an alt trading you should understand the big possibilities that the value will go up even more
i'm in the position that taking opportunity when red is showing around the trade site if i do have spare btc i keep buying little by little in order to gain profits when massive pump start all over again.
newbie
Activity: 22
Merit: 0
May 29, 2017, 12:20:42 AM
#28
I think the drop is just a bunch of people taking profit. they are going to lose out on the next big pump in altcoin. There are altcoins that are going up still beacuse the market is beginning to realize that they are missing out on massive opportunities from selling them
hero member
Activity: 700
Merit: 500
Massive price drop coming...
May 27, 2017, 07:13:26 PM
#27
I think for now both bitcoin and altcoin decreasing expecting people to increase back again high..
We experience of huge price drop just for 1 day.
But there are other altcoin are still increasing these days..
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