BTC being pumped at the expense of other coins?

ShakyhandsBTCer

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Quote from: KryptoKings on June 01, 2014, 02:26:18 PM

Quote from: removebeforeflight on June 01, 2014, 02:20:53 PM

So speculators, is litecoin under valued
right now against BTC and therefore
a good longer term buy?

Litecoin is dying. Way too many scrypt coins and now hype around other coins such as Darkcoin and Blackcoin are hurting Litecoin and even Dogecoin. Plus the big asics are now out and everyone is dumping those coins for BTC.

The other coins accomplish the same thing that Bitcoin does. The network for these alt-coins is much weaker then the Bitcoin network. Draw your own conclusion....

zimmah

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yeah, bitcoin is pumping at the expensive of altcoins Roll Eyes

altcoins wouldn't even exist without bitcoin

leopard2

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Excellent observation OP

Unusual indeed, this cannot be coincidence

---> institutional investors! they (of course) go for the main player and that is BTC

Still I believe that the major altcoins will catch up massively once BTC goes into 4 digits when left behind people will scramble for alternatives

KryptoKings

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Quote from: removebeforeflight on June 01, 2014, 02:20:53 PM

So speculators, is litecoin under valued
right now against BTC and therefore
a good longer term buy?

Litecoin is dying. Way too many scrypt coins and now hype around other coins such as Darkcoin and Blackcoin are hurting Litecoin and even Dogecoin. Plus the big asics are now out and everyone is dumping those coins for BTC.

KryptoKings

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Quote from: DolanDuck on May 31, 2014, 04:42:09 PM

The last uptrend of the bitcoin isn't a simple pump, it was way underpriced after months of bad news.

So true

removebeforeflight

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So speculators, is litecoin under valued
right now against BTC and therefore
a good longer term buy?

chessnut

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This wave is being driven by infrastructure and the network effect. there is simply no infrastructure being built around alt coins like litecoin, nmc, ppc or dogecoin anything like that which is being built around bitcoin. the reality is that most alt coins will die, and none of the existing alts will keep up with the growth of bitcoin.

Wolf Rainer

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Quote from: thedarksun on May 31, 2014, 02:25:07 PM

Btc keeps rising while coins like ppc and nmc are being dumpsteref. Coincidence?

It´s not coincidence. It seems like you are new in here, but that´s something happend all the times BTC goes high. People sell alt coins to join the rocket of btc, and then when btc gets to spensive to buy the people do panic buy at alt and pump then.

TERA

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Altcoins decline when bitcoin is recovering from a bear market and then they suddenly rally again in the middle of a bitcoin bubble so they have this super exponential rise versus the usd.

Elwar

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Viva Ut Vivas

Alts tend to rise at the same time as Bitcoin.

Litecoin was up to $50 during our last peak.

Torque

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Litecoin being traded to pump Nxt, Darkcoin, and Blackcoin. Guess what happens after the pump? Buh bye Grin

fonzie

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byronbb

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So much of the altcoin community is about making the founder's rich. After that it is the hopeful masses who missed the bitcoin train and are playing the roulette table of crypto currency. The fundamental importance of any crypto is hash-rate strength. Bitcoin is absolute magnitudes ahead of all the alts. The bitcoin network is 100 times more powerful than 500 of the world's super computers combined.No alt comes close.

Swordsoffreedom

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Well I think that if people want to get into altcoins they need to get Bitcoins first since exchanges and merchant services are available for Bitcoin but not often for other alt-coins unless you mine them yourself.
If anything it isn't shocking that the price is dropping in altcoins and the price of Bitcoin is rising at this time.

bitcoinsrus

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I think a great developmental team can make an alt successful. When the devs leave (coins do die). The community also plays a factor (look at doge that was created in dec 2013 and now is doing ok because of the community).

Yes btc is the head honcho right now and alts are being traded for it. Some have potential (that provide more features etc). Lets see what happens.

PolarPoint

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The majority of the alts are created for the sole purpose of making a bitcoin fortune. The alts are being dumped for bitcoin are fulfilling their purpose. Bitcoin is recovering from a dump, not being pumped.

socal

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hey saddam just wanted to say thanks for letting me stay in your country for a year and live in some of your palaces....were the gold AK-47s really necessary though?

saddambitcoin

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Anyone holding on to altcoins does not want to miss out on a BTC rally so they convert to BTC. That's when you start to see nice prices like 0.01 BTC for a Litecoin. After the rally goes hyper-exponential these profits will flow back into altcoins and "pump" them. You can make a lot of money by recognizing these patterns.

socal

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Quote from: DolanDuck on May 31, 2014, 04:42:09 PM

The last uptrend of the bitcoin isn't a simple pump, it was way underpriced after months of bad news.

Well there is deff that as well

+1

DolanDuck

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The last uptrend of the bitcoin isn't a simple pump, it was way underpriced after months of bad news.

Topic: BTC being pumped at the expense of other coins? (Read 1971 times)