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.
Topic: BTC holding it's own trend? - page 3. (Read 1612 times)
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...
Well if a market is going to turn bullish, the blue chip would always be the first one to run
Looking at the Bitcoin dominance over the whole market, it had increase over the past few days and we are at 47% now
It will always be BTC Up > Push the wave > Alts up
You can see this fact that btc is continuously increasing its dominancy in the market that means the interest, hyoe and fomo is increasing in btc, this will result in massive growth of demand of btc and its value as well.
It was normal for bitcoins to be always the trend on different social media's because there are a lot of ico's who are starting to market their own tokens as well in order to get more investors.
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.
But in my view, no single commodity has the capability to create a new trend in terms of trading style. I mean bitcoin must have to trade as per basics of trading fundamentals like obeying the resistance and support levels but finding those zones withing pivot analysis.Simply, bitcoin still holds into lower sides which always a good grab for someone who is planning to go long without bothering about if there would be any further movement downwards, this is a great opportunity and even if it goes lower the more, it even brings greater opportunities. Just like professionals speculate, the whales want to drive the market as low as they can, and taking those downward movements as a chance is one thing that any smart investor should be looking forward to. So far, the value is cheap but I am not sure they are done yet, but buying bit by bit, just in case, is not a bad idea.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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.
That is also my observation, bitcoin is going up thus all altcoin will go up too but that is not the case with this current scenario. That is why i could say that bitcoin will always be the number one cryptocurrency. It has it's own trend while altcoins follow the trend of bitcoin.
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 see this fact that btc is continuously increasing its dominancy in the market that means the interest, hyoe and fomo is increasing in btc, this will result in massive growth of demand of btc and its value as well.
This means people focus on bitcoin selling what they have on alts to have btc. Well yes the dominance in the market that users comes and hold bitcoin as the growth I think will happen this year. Price increase in btc while some alts were down so also good to have some alts during it's low trend.
You can see this fact that btc is continuously increasing its dominancy in the market that means the interest, hyoe and fomo is increasing in btc, this will result in massive growth of demand of btc and its value as well.
In recent days, the price of BTC has been rising in a straight line, but the price of altcoin has been declining against BTC, which is an independent market of BTC. Generally, the price of altcoin will rise sharply after the independent market.
Altcoin and Bitcoin both are independent but all are mingle in one way that is investors. Cryptocurrency is depends on demand and supply of the coin so continuous investment is increase the value of crypto and long term holders are make huge profit. If you are a both category you will become a successful investors in this platform.
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 are also of great importance and what is the price of it is lowering as it is now more interesting to have it on low price. If the price has increased then it shows profit for those who are the part of it, however those who want to invest in Altcoin can invest now. Altcoin price is not wholly depending upon the Bitcoin motion but it has its own major factors so monitor its market and make decisions. 
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...
Bitcoins is always trending because people are continuing to invest due to its price that is continue to increase in the market depending on the season and every people are earning a huge amount of profit.
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?
yes that may be it, most people are selling their altcoins to buy bitcoins
this time I'm not sure whether to invest in any alts...
see altcoins prices:
ETH = 0,057 btc
NEO = 0,004 btc
EOS = 0,001
XMR = 0,017 btc
all altcoins are at very low prices and this is a good opportunity to buy
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 usually the norm, when the price of bitcoin is up, altcoins decline. Its because investors are shifting their funds to bitcoin again so we can say that there is a correlation between the two markets but there was some exceptions to the rule, just the December 2017 madness. But usually investors are moving their funds where their a lot of potential profits. Obviously, bitcoin is moving upward in the last week so majority of the money from altcoins have been shifted already.
So they don't move in a tandem, as you have understand it. You can still invest in alts why not? But just be careful because you should know by now that there are a lot of them whose purpose is a "pump-and-dump" scheme.
In recent days, the price of BTC has been rising in a straight line, but the price of altcoin has been declining against BTC, which is an independent market of BTC. Generally, the price of altcoin will rise sharply after the independent market.
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
Its common trend since last year I think, when bitcoin pump expect altcoins to dump. But don’t worry when bitcoin corrects, altcoins will pump. Investors are coming back now with bitcoin we should be happy for now and expect a higher price in the next days. 
Typically in these kind of movements, the money is just flowing towards bitcoin while the rest of the market are just held on stand-by. Surely, knowing that the biggest market share of the whole crypto-economy is on a big and rapid movement, they wouldn't want to miss any action, hence the sell-off into some of the coins while bitcoin continues to grow. If the trend is confirmed, the other alts would, for a while be disregarded while everyone is relentlessly throwing their money at the biggest market mover, thus creating this slump on other coins while maintaining the pace for bitcoin, the biggest market mover.
could this be why BTC is trending up? Everyone is focusing on that?
yes this is basically what happens every time that bitcoin has a rally. people pull their orders from altcoins and come back to bitcoin market and also because of arbitrage opportunities the altcoins continue going down versus bitcoin and USD while bitcoin continues its rise.
when bitcoin stops the rise and becomes stable, then the traders go back to focus on altcoins and pumps and make profit to get ready for the next bitcoin rally.
Most whales are selling their Alt, take profits to invest in Btc. Soon The Alt market will be up again when Btc stabilize. I love this trend
Most whales are buy Bitcoin but not sell altcoins because if they sell altcoins it will move backward but it is oppositely move to forward so you should think your own if many peoples are buying Bitcoin and altcoins but large amount is spend in Bitcoin and less amount is spend so it is good news for crypto investors. Bitcoin is never stabilize once it will raise or fall is possible in this coin.
Yes, everyone's focusing to bitcoin now. Selling their alts for bitcoin since the date of ETF approval is nearly coming. If you are holding most alts on this moment, your portfolio is mostly bleeding and this is what I'm suggesting to people that keep on buying bitcoin instead of building their empire with alts.
Most whales are selling their Alt, take profits to invest in Btc. Soon The Alt market will be up again when Btc stabilize. I love this trend
The tandem will be back? we don't know it can be yes or no like last year. Jump to: