BTC will go a bit down, ALTS a lot down, then BTC again a lot up

BrewMaster

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Quote from: CryptoBry on May 18, 2019, 11:00:14 AM

Some of the well-known alts are already green today though they gained not much. What is clear here is that alts are all depending on the movement of bitcoin if it is up they go with it and when down so are they.

that can not be called a gain though. it is only green because after a big drop everything comes back up a little. not to mention that once again you are looking at the USD value of the altcoins so they should show "green" since bitcoin price has been rising after the big drop!

CryptoBry

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Quote from: shesheboy on May 17, 2019, 11:42:51 PM

Quote from: Pattart on May 17, 2019, 04:59:56 AM

Of course we would be a little think that a bull run probably happen, but what happens now certainly makes our hopes fade, the increase price is not more dominant, the price increase does not last for a long time, it means bullrun has not happened yet.

You mean to say that a bull run doesnt happen yet but what only happen is a bull trap ? You maybe right because the price drops fast but this does not cause for our hopes to fade because we already see that bitcoin can still do amazing things .

Quote from: Pattart on May 17, 2019, 04:59:56 AM

correction still often occurs like happened today. OP was right, the price will drop by a few percent, so does the altcoin, and it will probably rise again afterwards.
The good thing is we got chance to re-buy

Yeah that is the advantage of having a correction . We still have another chance to buy back and prepare for another possible bull run ( real bull run i mean ) . Btc increase lately but i dont see that alts follow . Alts are still down so its not shocking at all

Some of the well-known alts are already green today though they gained not much. What is clear here is that alts are all depending on the movement of bitcoin if it is up they go with it and when down so are they. Bitcoin is resting in the vicinity of $7,300 as if relaxing and thinking hard whether to continue fighting the $9,000 mountain range or be a loser by getting back to its bearish cave. Where the bitcoin beast is going whether to be a bull or a bear remains to be seen but of course the overall market sentiment is favoring the bull.

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Quote from: TheHas on May 18, 2019, 12:06:12 AM

Quote from: hotpassion on May 15, 2019, 09:36:00 PM

Most altcoins are going so fast in the last 2 days while btc is still hovering at the 8.2k. I hope btc will get enough energy to breach the 8.2k barrier and rise higher next week.

Bitcoin will maintain dominance and altcoins will get the crumbs. Like was said before, if bitcoin goes up ten percent then altcoins will go up like 5 percent.

Still better than holding cash but bitcoin still rocks it.

Bitcoin in it capacity has been dominating the crypto market since the inception and I don't think this is going to change in the next 10 to 20 years to come. A friend of mine advice me to only hold bitcoin as others coins cannot grow without bitcoin and that means there is no need of holding other coins outside bitcoin, though I agree with him partially, but I have see some tokens that are not well know makes over 200% gained from the last week bullish trend that see bitcoin gaining around 52% for the week. "If we can have understand how this market work there is no way we would not make profits from it".

TheHas

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Quote from: hotpassion on May 15, 2019, 09:36:00 PM

Most altcoins are going so fast in the last 2 days while btc is still hovering at the 8.2k. I hope btc will get enough energy to breach the 8.2k barrier and rise higher next week.

Bitcoin will maintain dominance and altcoins will get the crumbs. Like was said before, if bitcoin goes up ten percent then altcoins will go up like 5 percent.

Still better than holding cash but bitcoin still rocks it.

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Quote from: Pattart on May 17, 2019, 04:59:56 AM

Of course we would be a little think that a bull run probably happen, but what happens now certainly makes our hopes fade, the increase price is not more dominant, the price increase does not last for a long time, it means bullrun has not happened yet.

You mean to say that a bull run doesnt happen yet but what only happen is a bull trap ? You maybe right because the price drops fast but this does not cause for our hopes to fade because we already see that bitcoin can still do amazing things .

Quote from: Pattart on May 17, 2019, 04:59:56 AM

correction still often occurs like happened today. OP was right, the price will drop by a few percent, so does the altcoin, and it will probably rise again afterwards.
The good thing is we got chance to re-buy

Yeah that is the advantage of having a correction . We still have another chance to buy back and prepare for another possible bull run ( real bull run i mean ) . Btc increase lately but i dont see that alts follow . Alts are still down so its not shocking at all

pooya87

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the recent days proved how this whole market is only following bitcoin price and how everyone is only focusing on increasing their bitcoin wealth. once again bitcoin started a simple correction after a big rise of nearly 100% and that initiated a mass dump in the altcoin market as OP also mentioned in his post. that simply is showing the money flow that is always in direction of bitcoin whenever bitcoin is making a big move. the only time that reverses is when bitcoin becomes stable.

creeps

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Quote from: normanderecho on May 17, 2019, 03:20:35 AM

Quote from: Agapios on May 11, 2019, 02:29:59 PM

I see this scenario to happen before next larger move of BTC up:

BTC will slide down for like 5-10%, ALTS will go down double that amount at least, BTC will gain again even larger dominance and after that it will go again even more.

Your thoughts on that?

That may possible to happen because its to far before the end of these year and bitcoin still a lot time to expand its price by remaining quarter.Even though bitcoin quite drop this time, but i believe it will bounce back that may double or more from its declined price.

That's a great analysis because the drop is happening now almost 8% drop with bitcoin and all the altcoins are on the drop mode again. Its funny to see many topics like this, and I'm actually staying most of the time on speculation because I know many people will share their thoughts about the pump and dump of the market. Yes, the market will recover and I see for the rest of the month BTC will on pump.

Pattart

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Quote from: passwordnow on May 11, 2019, 03:49:27 PM

I'm not skeptic of the potential bull run but that's how we see the market, there will be some upcoming correction or maybe just few dips. Just be prepared with whatever's coming to the market, whenever the market rises up expect that it won't last that long but if that lasts long then it's totally increasing it's more dominant favorable for the bulls. Like the comment that I've read before commenting here, we need to wait the reaction of the market when Binance allows orders again.

Of course we would be a little think that a bull run probably happen, but what happens now certainly makes our hopes fade, the increase price is not more dominant, the price increase does not last for a long time, it means bullrun has not happened yet. correction still often occurs like happened today. OP was right, the price will drop by a few percent, so does the altcoin, and it will probably rise again afterwards.
The good thing is we got chance to re-buy

normanderecho

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Quote from: Agapios on May 11, 2019, 02:29:59 PM

I see this scenario to happen before next larger move of BTC up:

BTC will slide down for like 5-10%, ALTS will go down double that amount at least, BTC will gain again even larger dominance and after that it will go again even more.

Your thoughts on that?

That may possible to happen because its to far before the end of these year and bitcoin still a lot time to expand its price by remaining quarter.Even though bitcoin quite drop this time, but i believe it will bounce back that may double or more from its declined price.

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Quote from: hotpassion on May 15, 2019, 09:36:00 PM

Most altcoins are going so fast in the last 2 days while btc is still hovering at the 8.2k. I hope btc will get enough energy to breach the 8.2k barrier and rise higher next week.

I can attest to this too, most especially ethereum, the rate at will ethereum community started pushing ethereum high became quite alarming, and now that bitcoin is forming a consolidation value which I am still not sue of, I think most altcoins will really have a major breakout.

Isn’t this exactly the pattern it took in that last Bull run, I just hope that the whales are not trying to use the same method again, anyway, I wish that all altcoins really surge to so that I can harvest some of my investment in them and close my deal with alts, right now from next year, I want to focus more of Bitcoin and few great projects that are in the market, unlike in the past that I gathered majority of low quality product projects.

beerlover

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Quote from: btc_angela on May 14, 2019, 01:34:34 AM

Quote from: Agapios on May 11, 2019, 02:29:59 PM

I see this scenario to happen before next larger move of BTC up:

BTC will slide down for like 5-10%, ALTS will go down double that amount at least, BTC will gain again even larger dominance and after that it will go again even more.

Your thoughts on that?

Right, this is what you call volatility. There could be large swings in couple of hours. Other's might see this as unexpected, but for more season traders this is a golden opportunity to earn during this large swings. Right now though, the whole market is pumping, bitcoin crosses $8k and then some alts in the positive 10% increased.

I knew I have read something of such before, thank God I am seeing this again, this op must be a guru in analyzing, I think the time he predicted this, bitcoin was just above $7k, and low and below, the price actually dumped by 15% and from there was when bitcoin jumped within a short period of time to $8000.

This time around, I am waiting to see if bitcoin movement now plays by the rule, if it does same this time around, then I will take this as a strategy to be taking very big profit. I have not really been focusing on alts for now, but seems they are also following too, let’s see what we can get out of them.

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Quote from: Agapios on May 11, 2019, 02:29:59 PM

I see this scenario to happen before next larger move of BTC up:

BTC will slide down for like 5-10%, ALTS will go down double that amount at least, BTC will gain again even larger dominance and after that it will go again even more.

Your thoughts on that?

My thoughts is only bitcoin up followed by altcoins. Only speculation and not prediction because that is actually what i want. If bitcoin price keep like this, it will be famous again and more people know about it.

hotpassion

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Most altcoins are going so fast in the last 2 days while btc is still hovering at the 8.2k. I hope btc will get enough energy to breach the 8.2k barrier and rise higher next week.

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Quote from: KennyR on May 15, 2019, 02:10:58 PM

Bitcoin is showing big jump quite often. As a part the price of bitcoin has crossed $8200 suddenly while there is no growth with altcoins. Particularly ethereum sits at $240 and expect good this might move further same as bitcoin. This is kind of a price fluctuation, and soon a stabilized move towards a new ath in a steady manner.

This time altcoin has already started to growth and ethereum's growth can be a signal for the whole of altcoins to follow it. The price of bitcoin will stable and it will be waiting for altcoin to follow the bitcoin.
$300 or $350 should be the best rate for ethereum later before bitcoin will start to increase again. A signal from the altcoin market has already appeared and this is the time to hodl our altcoin.

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Bitcoin is showing big jump quite often. As a part the price of bitcoin has crossed $8200 suddenly while there is no growth with altcoins. Particularly ethereum sits at $240 and expect good this might move further same as bitcoin. This is kind of a price fluctuation, and soon a stabilized move towards a new ath in a steady manner.

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I don't think the exact thing would happen. We all know how unpredictable cryptocurrencies are. We all have our own predictions but as for me, altcoins would just soar with Bitcoin because most of them depend on its value.
Bitcoin could still rise higher than $8k on my own opinion.

wuvdoll

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Alts are already quite down right now so I do not think bitcoin going down will make them go down even more, I think if bitcoin drops about 10% in price then altcoins will go up a bit, they all have gained profits in dollar value but lost a lot in bitcoin so if the price of bitcoin goes down unless altcoins dollar value gets affected we are going to see them go up.

I am not against bitcoin going down a bit and then going even higher up, that makes sense, that happens in trading all the time and it tests the support line and if the support line is strong then it goes beyond the resistance, that is totally viable and definitely could be done. It is only the altcoin part that I do not agree, not that I am some sort of expert but it just makes more sense my way.

btc_angela

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Quote from: Agapios on May 11, 2019, 02:29:59 PM

I see this scenario to happen before next larger move of BTC up:

BTC will slide down for like 5-10%, ALTS will go down double that amount at least, BTC will gain again even larger dominance and after that it will go again even more.

Your thoughts on that?

Right, this is what you call volatility. There could be large swings in couple of hours. Other's might see this as unexpected, but for more season traders this is a golden opportunity to earn during this large swings. Right now though, the whole market is pumping, bitcoin crosses $8k and then some alts in the positive 10% increased.

davis196

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Quote from: Agapios on May 11, 2019, 02:29:59 PM

I see this scenario to happen before next larger move of BTC up:

BTC will slide down for like 5-10%, ALTS will go down double that amount at least, BTC will gain again even larger dominance and after that it will go again even more.

Your thoughts on that?

Any analysis to backup those predictions or you are just guessing?
So you think that BTC will go down 5-10% and altcoins will go down 10-20%,but for a short term.
This is common sense,altcoins always have higher price volatility than bitcoin.The main question is waht will cause that price spike?

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Quote from: BitHodler on May 13, 2019, 04:54:43 PM

People celebrate the demise of altcoins, but what we see right now is just a temporary occurrence.

i personally have never celebrated it. i weep for this market because what Satoshi started with bitcoin has turned into a money grab pump and dump with altcoins. i can't remember last time i saw a new cryptocurrency that was created to solve a problem like bitcoin. all they do is premine, ICO (fund raising) and pump and dumps. that is why they get dumped when bitcoin moves.

Quote

I'm sure that when Bitcoin starts cooling off, altcoins will pump to extremely overbought levels

obviously!
that is why they exist. whenever bitcoin traders can't make same profit with bitcoin (bitcoin cools off and becomes more stable) they switch to altcoin market to increase the profit they made so far.

Topic: BTC will go a bit down, ALTS a lot down, then BTC again a lot up (Read 427 times)