BTC holding it's own trend? | Bitcointalksearch.org

logicgate

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Quote from: andrei56 on August 16, 2018, 09:34:37 PM

Quote from: websoftwareengineer on August 08, 2018, 08:30:54 AM

Quote from: manismanja on August 07, 2018, 08:49:03 AM

yes you are right bitcoin is currently falling and tends to go down so it is more likely to hold a holding until the price at the exchange place restores the price.

You can always take advantage of the market while the prices are falling because in this way you can invest more coin at its cheapest price which will make you earn more profit when the prices goes back to normal.

That is correct but many people depend for the price to go up in order to get profits and that is the case because they are not holding a lot of fiat, many of the investors put all their fiat already in cryptocurrencies so the price cannot go up unless new money begins to enter this market which is one of the reasons the market is taking so much time to recover.

The price movement of Bitcoin is playing with investors who are treating it fine as a long term investment but investors who are not treating it well and sell in low market for small profit are bringing decline in the value. This marvelous trend will finish only if investors learn to sell in high market only for maximum profit and treat it as a long term investment. Bull market will soon appear if we follow this strategy.

Grayy

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It's strange how the alts struggling recently. It goes to prove that bitcoin should always be the largest of your portfolio. It will be quite unusual to see alts rising for weeks while bitcoin descends, unlike we are seeing the alts going down against BTC.

andrei56

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Quote from: irsada on August 16, 2018, 10:20:08 PM

Quote from: andrei56 on August 16, 2018, 09:34:37 PM

Quote from: websoftwareengineer on August 08, 2018, 08:30:54 AM

Quote from: manismanja on August 07, 2018, 08:49:03 AM

yes you are right bitcoin is currently falling and tends to go down so it is more likely to hold a holding until the price at the exchange place restores the price.

You can always take advantage of the market while the prices are falling because in this way you can invest more coin at its cheapest price which will make you earn more profit when the prices goes back to normal.

That is correct but many people depend for the price to go up in order to get profits and that is the case because they are not holding a lot of fiat, many of the investors put all their fiat already in cryptocurrencies so the price cannot go up unless new money begins to enter this market which is one of the reasons the market is taking so much time to recover.

I agree with you there must be new investors, who come in so prices will increase again because some investors have almost used their money to buy alt coins at high prices.

I really think that there are many new investors coming in this market but they are buying cryptocurrencies in such a way to try to not make the price to go up and as soon as they see the market going up they stop buying, they want to buy their coins as cheap as possible and then reap the benefits of their strategy in a few years so if you can do the same.

myown2cents

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Quote from: irsada on August 16, 2018, 10:20:08 PM

Quote from: andrei56 on August 16, 2018, 09:34:37 PM

Quote from: websoftwareengineer on August 08, 2018, 08:30:54 AM

Quote from: manismanja on August 07, 2018, 08:49:03 AM

yes you are right bitcoin is currently falling and tends to go down so it is more likely to hold a holding until the price at the exchange place restores the price.

You can always take advantage of the market while the prices are falling because in this way you can invest more coin at its cheapest price which will make you earn more profit when the prices goes back to normal.

That is correct but many people depend for the price to go up in order to get profits and that is the case because they are not holding a lot of fiat, many of the investors put all their fiat already in cryptocurrencies so the price cannot go up unless new money begins to enter this market which is one of the reasons the market is taking so much time to recover.

I agree with you there must be new investors, who come in so prices will increase again because some investors have almost used their money to buy alt coins at high prices.

People converted their money into altcoin temporary , because when they realize that bitcoin price is now going to start increasing they again reinvest their money into bitcoin. They know that bitcoin has too much potential as compare to other crypto currencies.

el kaka22

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Quote from: huffer2100 on July 23, 2018, 10:50:06 AM

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

People have already mentioned that bitcoin price increase usually means alts going down because of the valuation against each other.
But lets also not forget that when the bull market came, when bitcoin was 20 thousand dollars, there was all kinds of altcoins that went up in price. That means when bitcoin reached 20k, if that coin stayed at zero, not go down or not go up that means that coin made money on dollar value because its valued against bitcoin and bitcoin went in price. When it makes gains against btc, its double profit, both on price of btc and dollar value and both against btc increasing value.

Hence, it is not insane to assume when bitcoin go up, some alts may go up as well. This time it is not just "alts losing value against bitcoin" it is also "people are withdrawing from the market" as well. Which is worse if you ask me.

newinbtc

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Quote from: huffer2100 on July 23, 2018, 10:50:06 AM

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

Bitcoin is always in Trend Since launched. Some investors Took a loan to invest in bitcoin during Peak stage and loss all money. Example taken from Dubai.
Some people Just depend on Day Trading , they are happy with low profits but risk Is very less.
Long term players Have High risk as Anything can happen in future. Most of investment are in altcoin as compare to btc.

Many people just Depends on Prediction by Experts and They purchase and sell on that basis. But still bitcoin is Much safe as compared to altcoin

irsada

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Quote from: andrei56 on August 16, 2018, 09:34:37 PM

Quote from: websoftwareengineer on August 08, 2018, 08:30:54 AM

Quote from: manismanja on August 07, 2018, 08:49:03 AM

yes you are right bitcoin is currently falling and tends to go down so it is more likely to hold a holding until the price at the exchange place restores the price.

You can always take advantage of the market while the prices are falling because in this way you can invest more coin at its cheapest price which will make you earn more profit when the prices goes back to normal.

That is correct but many people depend for the price to go up in order to get profits and that is the case because they are not holding a lot of fiat, many of the investors put all their fiat already in cryptocurrencies so the price cannot go up unless new money begins to enter this market which is one of the reasons the market is taking so much time to recover.

I agree with you there must be new investors, who come in so prices will increase again because some investors have almost used their money to buy alt coins at high prices.

andrei56

sr. member

Activity: 840

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Quote from: websoftwareengineer on August 08, 2018, 08:30:54 AM

Quote from: manismanja on August 07, 2018, 08:49:03 AM

yes you are right bitcoin is currently falling and tends to go down so it is more likely to hold a holding until the price at the exchange place restores the price.

You can always take advantage of the market while the prices are falling because in this way you can invest more coin at its cheapest price which will make you earn more profit when the prices goes back to normal.

That is correct but many people depend for the price to go up in order to get profits and that is the case because they are not holding a lot of fiat, many of the investors put all their fiat already in cryptocurrencies so the price cannot go up unless new money begins to enter this market which is one of the reasons the market is taking so much time to recover.

Hobo66

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Quote from: rainezerr on July 29, 2018, 01:32:48 PM

Quote from: huffer2100 on July 23, 2018, 10:50:06 AM

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

Altcoins is a competitor of bitcoins, most of the people who are holding bitcoins is just exchanging their alt to btc which makes the volume of alt to increase and bitcoins demand to increase.

Yes that is right that there are a lot of altcoin, but it is for clear not a single altcoin can compete with bitcoin. bitcoin is the first choice of the people, those people who want to trade other altcoin, even they use to convert bitcoin to trade that currency but most of the people always hold bitcoin and wait for the best time to sell.

Horace_Damico

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Quote from: buwaytress on August 10, 2018, 09:03:10 AM

Quote from: STT on August 07, 2018, 11:45:45 AM

Quote from: huffer2100 on July 23, 2018, 10:50:06 AM

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

Actually pretty good question but a never ending one as there is no fixed link even between the oldest of the alt coins and Bitcoin, its all in the minds and I guess usage of the participants spread over crypto.

So last year we had the BTC blockchain split happening and people wanted to hold BTC for that duration and also there was a large influence on alt coins prices rising quite alot as alternatives to BTC.

This year I see the main feature as being that BTC has fixed the order in its own house and reduced transaction fees dramatically. If alt coins have one person its to easily and cheaply pass value which BTC is already doing quite well hence maybe leading to the lower prices. Genuine innovation and use is required to justify pricing long term

Yeah, it's really hard to form patterns when there's really so little history to look at. People have talked about alt season but there's really only been one big one that culminated around Bitcoin's ATH - most alts have simply not been around long enough to really see discernible patterns emerge.

By that same definition, Bitcoin has always held its own trend. There's no other coin it follows. Rather than rely on the cryptomarket, it's the entire crypto market that gets pulled along by Bitcoin. Of course, the way it spiked and then dropped over the past month was largely a move alts didn't immediately follow, but it still generally gave momentum.

I'd agree with that. Bitcoin has clearly carved out its own path but the altcoins just like to imitate it whenever possible. The usability of Bitcoin makes it more attractive to regular investors and that's why it tends to follow its own trend. Altcoins might follow too, but they won't keep up for long.

It's also hard to see where crypto is going because of that lack of data. Try looking at a weekly or monthly chart and you'll be scratching your head. The only info you have are the past few candlesticks because there's no long term trend. We can only look at short term trend lines on hourly and daily charts.

buwaytress

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Quote from: STT on August 07, 2018, 11:45:45 AM

Quote from: huffer2100 on July 23, 2018, 10:50:06 AM

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

Actually pretty good question but a never ending one as there is no fixed link even between the oldest of the alt coins and Bitcoin, its all in the minds and I guess usage of the participants spread over crypto.

So last year we had the BTC blockchain split happening and people wanted to hold BTC for that duration and also there was a large influence on alt coins prices rising quite alot as alternatives to BTC.

This year I see the main feature as being that BTC has fixed the order in its own house and reduced transaction fees dramatically. If alt coins have one person its to easily and cheaply pass value which BTC is already doing quite well hence maybe leading to the lower prices. Genuine innovation and use is required to justify pricing long term

Yeah, it's really hard to form patterns when there's really so little history to look at. People have talked about alt season but there's really only been one big one that culminated around Bitcoin's ATH - most alts have simply not been around long enough to really see discernible patterns emerge.

By that same definition, Bitcoin has always held its own trend. There's no other coin it follows. Rather than rely on the cryptomarket, it's the entire crypto market that gets pulled along by Bitcoin. Of course, the way it spiked and then dropped over the past month was largely a move alts didn't immediately follow, but it still generally gave momentum.

loverets45

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Quote from: websoftwareengineer on August 08, 2018, 08:30:54 AM

Quote from: manismanja on August 07, 2018, 08:49:03 AM

yes you are right bitcoin is currently falling and tends to go down so it is more likely to hold a holding until the price at the exchange place restores the price.

You can always take advantage of the market while the prices are falling because in this way you can invest more coin at its cheapest price which will make you earn more profit when the prices goes back to normal.

I current time we can see that bitcoin price is trading below 6500, which I think is a very attractive price for the investors to invest money in bitcoin. I think that mature investors will get benefit from such a good opportunity and will surely try to invest money in bitcoin in such a low price.

websoftwareengineer

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Quote from: manismanja on August 07, 2018, 08:49:03 AM

yes you are right bitcoin is currently falling and tends to go down so it is more likely to hold a holding until the price at the exchange place restores the price.

You can always take advantage of the market while the prices are falling because in this way you can invest more coin at its cheapest price which will make you earn more profit when the prices goes back to normal.

Idrisu

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Quote from: huffer2100 on July 23, 2018, 10:50:06 AM

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

Some time this type of relationship between altcoins and bitcoin do happen and I always accuse flippers for this type of price action. From the beginning of this month things are a bit normalize and we can now see bitcoin and altcoins moving together.

Siren

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Quote from: huffer2100 on July 23, 2018, 10:50:06 AM

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

Right because people now are converting their alternative coins to buy bitcoin you now why?just because of the ETF and things will changed after this ,look how great bitcoin has grown its market cap while altcoins continues to drown,as many investors withdrawing support from their own folios though i am a bitcoin fanatic and supporter but i dont like the way how market now are in balanced

andrei56

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Quote from: ethereumhunter on August 07, 2018, 03:25:38 AM

Quote from: lauder_larger on August 04, 2018, 02:30:12 AM

Quote from: andrei56 on July 30, 2018, 11:43:01 PM

Quote from: huffer2100 on July 23, 2018, 10:50:06 AM

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

All the attention is on bitcoin right now, the same happened when the last bull market really took off, bitcoin began going up and then the alts did not moved up immediately but instead it took some time before they began moving, that does not mean that we are going to see some kind of bull market in the next weeks, but this is something we have seen before.

Actually due to possible EFT approval, it is very much obvious that people are taking Interest in Bitcoins. You can see the Bitcoin Dominance in the coin market cap and it is continuously increasing (Currently BTC Dominance: 48.4%)

maybe most of the trader are focusing their attention to bitcoin because the bitcoin price now is at the lower price and still getting down in this week. and it makes the altcoin loss their price and gets down too deep. and maybe this will bring a good news for bitcoin itself because I think after this trends, the price can increase higher again and if this continues, the price will break the highest price more than before. but bitcoin still have many times to increase the price and it can happen in the next months.

The attention is in bitcoin due to the ETF, but it seems that is not going to get approved in August, I read that it may take until September for that happen, if that is correct then you need to prepare since it is quite likely that we are going to see the price of bitcoin move a little bit more than usual as people speculate if the SEC is going to finally going to approve the bitcoin ETF or not.

STT

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Quote from: huffer2100 on July 23, 2018, 10:50:06 AM

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

Actually pretty good question but a never ending one as there is no fixed link even between the oldest of the alt coins and Bitcoin, its all in the minds and I guess usage of the participants spread over crypto.

So last year we had the BTC blockchain split happening and people wanted to hold BTC for that duration and also there was a large influence on alt coins prices rising quite alot as alternatives to BTC.

This year I see the main feature as being that BTC has fixed the order in its own house and reduced transaction fees dramatically. If alt coins have one person its to easily and cheaply pass value which BTC is already doing quite well hence maybe leading to the lower prices. Genuine innovation and use is required to justify pricing long term

Quinni

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BTC has been on a downward trend at present, and the price has not broken the long-term downward trend line, so I think the price may reach $4,000.

zalizoll

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You have to focus on coins that are larger than the small ones you are considering. In my observation, bitcoin will repeat its history again and again in the future. This means how the price of bitcoin soared in 2019, a similar rally can occur again in 2019 or earlier too.

manismanja

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yes you are right bitcoin is currently falling and tends to go down so it is more likely to hold a holding until the price at the exchange place restores the price.

Topic: BTC holding it's own trend? (Read 1610 times)