BTC holding it's own trend? - page 2.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: lauder_larger on August 04, 2018, 03:30:12 AM

Quote from: andrei56 on July 31, 2018, 12:43:01 AM

Quote from: huffer2100 on July 23, 2018, 11:50:06 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.

Beegovere

jr. member

Activity: 86

Merit: 1

Quote from: andrei56 on July 31, 2018, 12:43:01 AM

Quote from: huffer2100 on July 23, 2018, 11:50:06 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.

Although Bull Market has not yet started and we are still experiencing bearish market, but i hope this bitcoin dominance will give good boost to bitcoin price in near future maybe near August 10.

lauder_larger

jr. member

Activity: 86

Merit: 2

Quote from: andrei56 on July 31, 2018, 12:43:01 AM

Quote from: huffer2100 on July 23, 2018, 11:50:06 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%)

coinplus

legendary

Activity: 1386

Merit: 1058

Quote from: huffer2100 on July 23, 2018, 11:50:06 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...

I understand you probably talk about an altcoin like nano or something or even smaller and have kinda like couple million market cap in total but we call altcoin to anything that is not bitcoin. So, consider the fact that maybe when someone talks about altcoins they might be talking about ethereum or litecoin or ripple or dash or whatever coin they might be talking about.

Hence, those types of coins can't be bought 51% of or so, well they can but it would require insanely a lot of money to purchase that much of a coin and by that time the price of it will increase significantly and will cost even more, you should focus on bigger coins instead of those small ones you consider. In my observation bitcoin will repeat its history again and again in future. It means how bitcoin prices jumped in 2019, similar kind of rally may happen again in 2019 or earlier too. We all must have to be prepared to touch the moon at that times.

Horace_Damico

newbie

Activity: 18

Merit: 0

Quote from: Herbert2020 on July 31, 2018, 01:10:10 AM

Quote from: eann014 on July 28, 2018, 10:11:48 PM

Quote from: huffer2100 on July 23, 2018, 11:50:06 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...

There is also a lot of alts that is good for investment. At the moment bitcoin is good for a short investment. Why? Because the price is not stable, it decreasing at any moment then after that it increases.

you can never say an altcoin is a better investment than bitcoin at any time under any circumstances because if you think bitcoin has unstable price then you already know that altcoins are at least 10 times more unstable. so if your criteria for a good investment is to be stable then you shouldn't even go near altcoins.
not to mention that technically a good investment is something that has lower risk but higher reward. in case of altcoins the risk is extremely high because they are not only not-stable but also they are heavily manipulated which makes them even more unpredictable.

Yeah the thing that worries me the most about altcoins is how easily they can be stomped out if someone wants to either hack or short them. It doesn't take much money to acquire 51% of an altcoin and then shut it down. Whereas Bitcoin is much more resilient to these risks. It's firm enough to stand on its own two feet and not get pushed around by manipulators.

It looks like it's pushing back into its downtrend though. That 7500 level is where it broke up above the downtrend it had established, and now it's back through on the negative side... hopefully not for long

timerland

hero member

Activity: 1526

Merit: 596

Quote from: huffer2100 on July 23, 2018, 11:50:06 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 moves independently of other cryptos. Even though you may have saw that other cryptos get influenced by bitcoin's pricing at the past, there isn't really a permanent correlation. Besides, bitcoin dominance has been at all time lows last year and this year, meaning that bitcoin will most likely in my opinion see more recovery in the near future compared to other cryptos.

However, don't expect this bitcoin rally to continue permanently.

I don't think we're getting out of the bear market fully at the moment, and the correction has obviously brought down BTC to the $7.5k mark again. Although some are suggesting that this will be the start of the BTC bull market, I believe we're still far from it at this stage.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: eann014 on July 28, 2018, 10:11:48 PM

Quote from: huffer2100 on July 23, 2018, 11:50:06 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...

There is also a lot of alts that is good for investment. At the moment bitcoin is good for a short investment. Why? Because the price is not stable, it decreasing at any moment then after that it increases.

you can never say an altcoin is a better investment than bitcoin at any time under any circumstances because if you think bitcoin has unstable price then you already know that altcoins are at least 10 times more unstable. so if your criteria for a good investment is to be stable then you shouldn't even go near altcoins.
not to mention that technically a good investment is something that has lower risk but higher reward. in case of altcoins the risk is extremely high because they are not only not-stable but also they are heavily manipulated which makes them even more unpredictable.

player514

legendary

Activity: 1414

Merit: 1039

Quote from: eann014 on July 28, 2018, 10:11:48 PM

Quote from: huffer2100 on July 23, 2018, 11:50:06 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...

There is also a lot of alts that is good for investment. At the moment bitcoin is good for a short investment. Why? Because the price is not stable, it decreasing at any moment then after that it increases.

I'm not sure if this is the true reason why BTC is holding its own trend. I'd argue that the prices of alts is even less stable than Bitcoin for the most part, so if that's the reason people are investing in Bitcoin, then they should also be putting their money into altcoins as well since there's chances of a higher profit margin there. I don't disagree that Bitcoin is good for a short investment, but I think there's countless alts that are also good for short investment.

The reason for Bitcoin holding its own personally has to do with the coverage its been getting and the positive following it's raised. Think about it -- Bitcoin dropped a pretty good amount. The naysayers expected it to fall to pretty much nothing. Instead, it held at around 6-7k for a while, then jumped to 8k and here we are. There's a positive message there, and it's that there's still support for Bitcoin -- even in large amounts to raise the price by a double digit % overnight.

andrei56

sr. member

Activity: 840

Merit: 254

Quote from: huffer2100 on July 23, 2018, 11:50:06 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.

ajqjjj

hero member

Activity: 1498

Merit: 507

Not your Keys, not your Bitcoin

Quote from: rainezerr on July 29, 2018, 02:32:48 PM

Quote from: huffer2100 on July 23, 2018, 11:50:06 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.

Bitcoin is always dominating the altcoin because peoples are expecting short term profit then they will realise the exact market trend so automatically they are all move to Bitcoin. But all the Crypto is a asset because nowdays fiat is still rule the entire so it is a future technology and This will globalised on future that day all are invested in Bitcoin. The current peoples are jump to all the crypto.

abstractednerve

hero member

Activity: 752

Merit: 500

Bcnex - The Ultimate Blockchain Trading Platform

Quote from: huffer2100 on July 23, 2018, 11:50:06 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...

how this does not become a new trend when people see for themselves how people benefit from bitcoin, after they see then they are interested and try to enter the bitcoin world, and the more popular it becomes, the more it uses bitcoin.

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: huffer2100 on July 23, 2018, 11:50:06 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...

Its not out of place to see some trend in the direction of prices of the entire cypto market. I have equally observed that, in the past when there is increase in the price of bitcoin, other major coins tend to move in that direction and the same thing happen when there is a fall in market price but what is happening during this period has invalidated that theory and assumption because not only is the price of major alt coins that move in the same direction stagnant, they have been witnessing some reverse in price to the extent that a trader keeping any of this coins would not see any significant increase in the value of his portfolio as the increase in one is compensated by the drop of the other or others in the portfolio.

I feel its a good one for the market on the average that people are looking beyond the top 10 altcoins to invest or the top 5 altcoins to bring a decent return but they are only relying on the popularity of bitcoin as they move together. Its high time they started to run their own race because even with the current scenario, there have been some alts not within the range of attention witnessing some gradual positives.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: ethereumhunter on July 29, 2018, 01:37:55 AM

bitcoin still it's on the way to move to the higher price and it is up trend but there is also a chance for bitcoin to go down in the next week. and for the altcoin, I think it is better time to invest in altcoin because like you said, the majority of the altcoin is getting down and maybe we can find some of the altcoins that have potential to increase soon. so if you can analyze the market and you know where the trends of bitcoin and altcoin want to go, I guess that you can predict easily and you will know what you have to do.

Don't count yourself in the profits already. It may very well be that if Bitcoin starts going down after the SEC rejection, altcoins may go down further with it instead of gaining back some of their 'lost' ratio. People can call altcoins cheap as much as they want, but they aren't really that cheap.

Ethereum has way more downward potential at this point. If it breaks 0.05BTC it with a high probability will dip well below 0.04BTC this year. It will be an interesting time for Ethereum enthusiasts with a hard fork coming up next month. There is so much to break with how complex their network is, and also when it comes to everything running on top of it. In other words, it's going to be an important time for the majority of the tokens.

Horace_Damico

newbie

Activity: 18

Merit: 0

Quote from: ZvitiSir on July 29, 2018, 05:18:02 AM

Money flows from alts to BTC because of ETF expectations. Didnt check marketcap but i assume it didnt significaly get bigger.

Crypto market is reversing slowly and people are starting to loose paitince there is FOMO kicking in and we shall soon see bullrun.

ETF is sheduled for i think 25 september, its not on 10 august! So market have enought time to prepare for bull and i think this is happening right now.

Alts will follow bull hard when BTC cross 10k. Some even before that. Check NEO for instance its on the major support line and it will bounce hard in coming days.

Yeah everyone is anticipating this one. But also I think it's partly due to a shift in sentiment towards bitcoin. More of the public is softening about it and people are more willing to get into it. And then there's the trade wars. Lots of people are rushing to protect their money, and bitcoin is the fastest and easiest for them to get into if they don't know much about the altcoins. The vast ocean of altcoins can be a bit intimidating to those who haven't done any research about it and don't know where to begin. Also ETH is facing some issues with coins being sold back off, so it's been on a steady downtrend for a few weeks now. All in all, I think it's a greater desire for bitcoin that's prevailing right now.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Quote from: huffer2100 on July 23, 2018, 11:50:06 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...

Alts are sold directly for BTC, so their BTC price is dropping (go to coinmarketcap and switch currency to BTC to see this), so the USD value of Bitcoin is not hugely affected by this factor. Money are not flowing from alts to BTC, alts simply dropping in their BTC price to remain stable at their USD price. I don't think that Bitcoin can grow as the result of alts suffering, there's no market mechanism for that.

rainezerr

full member

Activity: 378

Merit: 100

ADAB ADAB ADAB ADAB

Quote from: huffer2100 on July 23, 2018, 11:50:06 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.

skeletica

newbie

Activity: 138

Merit: 0

Quote from: PROFIT_REVIEW on July 23, 2018, 05:38:17 PM

Do not worry, altcoins did not always follow the price of Bitcoin, there were such situations. Invest in the altcoins can and should be, as they will always be of interest from investors.

yes, but not all of them.
I think almost 80% of altcoin prices follow the movement of bitcoin, because currently only a few altcoins are still survive. the rest are completely destroyed.

miyaka26

full member

Activity: 476

Merit: 105

Quote from: LooBaao on July 23, 2018, 06:35:43 PM

Yes. This is a strange thing that I have seen in this market, BTC prices are rising while other coin prices are falling. That is one of the characteristics of the BTC. Prove the strongest penny in the market

This is not strange people sell their altcoins to position themselves to the incoming bull run from bitcoin it happens whenever there's an incoming trend to bitcoin like the past forks and uprise, they are just waiting for the SEC's decision from ETF though not all of the altcoins are in the downtrend normal market activities fluctuations as usual.

normanz

copper member

Activity: 327

Merit: 0

Quote from: huffer2100 on July 23, 2018, 11:50:06 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 has always been the highest because it is still trusted as the best for investment. Bitcoin will remain the main and no altcoin can exceed bitcoin. I never doubted bitcoin, and I'm sure bitcoin can change the future for the better.

v_Harley

member

Activity: 129

Merit: 10

The price trend of BTC should also have a lot to do with the trend of global financial market. BTC is just a speculative tool, which does not have the function of assets.

Topic: BTC holding it's own trend? - page 2. (Read 1588 times)