Topic: Can Altcoins do it alone ? - page 8. (Read 2417 times)
i think top 10 altcoin follow price bitcoin but other coins will not follow price bitcoin because bitcoin suffer from shit icos and shit coin ; for this reason etf will get approved for bitcoin only ; and for reson altcoins will never follow bitcoin in the future . most of altcoins have no sense
We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin?
That won't happen because Altcoin is a child of bitcoin or a complement to cryptocurrency. Altcoin will always follow the movements of bitcoin prices although some altcoins can increase its value, that is because there is a pump against Altcoin itself.
Each altcoin can be pumped by some whale or pump&dump group, but this usually only happens for a moment. Whenever someone pump the price, he later want to recover the money invested in it. Unfortunately, but there is currently no altcoin on the market whose price could rise regardless of the price of Bitcoin.
That's the scenario that we are witnessing most likely because when the market is not stable, pump and dump could happen easily, what we have to do is to play with the games of the whales so we can also be profitable even in this market situation. Altcoins will grow but not alone, it has been affected or influence by bitcoin even in the past, the most popular crypto assets in the space will have to move in order for altcoins to move and it needs to rise in order for altcoins to rise.
However because of btc dominance in the market alts cant follow it anymore (except for the popular coins), some alts are even continuously declining despite of bitcoin's growth.
Each altcoin can be pumped by some whale or pump&dump group, but this usually only happens for a moment. Whenever someone pump the price, he later want to recover the money invested in it. Unfortunately, but there is currently no altcoin on the market whose price could rise regardless of the price of Bitcoin.
That's the scenario that we are witnessing most likely because when the market is not stable, pump and dump could happen easily, what we have to do is to play with the games of the whales so we can also be profitable even in this market situation. Altcoins will grow but not alone, it has been affected or influence by bitcoin even in the past, the most popular crypto assets in the space will have to move in order for altcoins to move and it needs to rise in order for altcoins to rise.
Each altcoin can be pumped by some whale or pump&dump group, but this usually only happens for a moment. Whenever someone pump the price, he later want to recover the money invested in it. Unfortunately, but there is currently no altcoin on the market whose price could rise regardless of the price of Bitcoin.
We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?
Because Bitcoin is considered the USD of crypto meaning it is the index of all cryptocurrencies. The only time altcoins will be independent of Bitcoin's movements is for another altcoin to take its place in terms of deeper liquidity and more trading volume.
The sad fact that stablecoins have a growing and bigger trading volume than all altcoins, points to the lack of confidence with altcoins.
Altcoin cannot do it alone without bitcoin. Besides that, the altcoin is following bitcoin, and no matter where bitcoin goes, the altcoin will behind bitcoin. As you can see from this few days ago, when bitcoin is down, many altcoins getting down too and lose the value. But if bitcoin back to the higher price although for a small pump, the altcoin will do the same. So the altcoin cannot survive without bitcoin because bitcoin is the leader of the cryptocurrency, and it will be like that.
yes, I often see for some altcoin that it can pump a little when the price of bitcoin remains stable. but, when talking about this as a whole, altcoin can't do it alone. ever since I got to know bitcoin until now, the rise in altcoin has always been triggered by the increase in high bitcoin prices. that even happened in 2017. where the price of bitcoin reached its ATH, and most altcoins at that time also reached its ATH.legendary
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Altcoin cannot do it alone without bitcoin. Besides that, the altcoin is following bitcoin, and no matter where bitcoin goes, the altcoin will behind bitcoin. As you can see from this few days ago, when bitcoin is down, many altcoins getting down too and lose the value. But if bitcoin back to the higher price although for a small pump, the altcoin will do the same. So the altcoin cannot survive without bitcoin because bitcoin is the leader of the cryptocurrency, and it will be like that.
yes, I often see for some altcoin that it can pump a little when the price of bitcoin remains stable. but, when talking about this as a whole, altcoin can't do it alone. ever since I got to know bitcoin until now, the rise in altcoin has always been triggered by the increase in high bitcoin prices. that even happened in 2017. where the price of bitcoin reached its ATH, and most altcoins at that time also reached its ATH. We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?
Because Bitcoin is considered the USD of crypto meaning it is the index of all cryptocurrencies. The only time altcoins will be independent of Bitcoin's movements is for another altcoin to take its place in terms of deeper liquidity and more trading volume.
The sad fact that stablecoins have a growing and bigger trading volume than all altcoins, points to the lack of confidence with altcoins.
prefer than taking the risk using alts that can fall when the dumping market is taking place. There's still no particular movement that alts
can move forward without the BTC being paired. It will take time before this will happen and still depends from how the traders and investors
will adopt and entrust to those alts.
We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?
of course altcoin can do that,being Pumped and Dumped?sure because Whales can do this(actually they are doing this for long time now)if you are lucky to get a chance to bet before they pump the specific coin?then congratulation though if you buy in the dumping stage then sorry but you will cry later.
do you like this kind of pumping?or would you choose the system when altcoins are relying on bitcoins growth so the longer bull will stay?
We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?
Because Bitcoin is considered the USD of crypto meaning it is the index of all cryptocurrencies. The only time altcoins will be independent of Bitcoin's movements is for another altcoin to take its place in terms of deeper liquidity and more trading volume.
The sad fact that stablecoins have a growing and bigger trading volume than all altcoins, points to the lack of confidence with altcoins.
Altcoin cannot do it alone without bitcoin. Besides that, the altcoin is following bitcoin, and no matter where bitcoin goes, the altcoin will behind bitcoin. As you can see from this few days ago, when bitcoin is down, many altcoins getting down too and lose the value. But if bitcoin back to the higher price although for a small pump, the altcoin will do the same. So the altcoin cannot survive without bitcoin because bitcoin is the leader of the cryptocurrency, and it will be like that.
There's no way alts can do it alone. Because in the first place its very unpredictable and weak. Actually Altcoin need more support because without any support it will end up to shitcoin real quick. Because indeed that's how the market play . Wherein in just one dump it can turn alts to worthless..
We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?
Altcoins are traded against BTC mostly, so when Bitcoin goes down the price of Altcoins goes down too (and the opposite)
its just the market structure and it'll probably stay like that forever,
because if we want to change that we need to make a complex program that will buy/sell the altcoin automatically by watching the BTC price and you dont want to do that, maybe only with a stable coin to maintain its price.
We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?
At the moment, I think it's not likely to happen as bitcoin is pretty much dominating the market. This year, I haven't seen an altcoins that is independently growing without following the movement of BTC, and this year BTC's dominance rate has increase significantly and with that, its almost impossible for altcoins to rise on their own, whether we like it or not, we have to understand the current trend now.
so yeah some altcoins can be independently growing without following btc movement, but the most altcoins follows.
These are good article about correlation to read.
https://www.longhash.com/news/altcoin-prices-have-never-been-more-closely-correlated-with-bitcoin
https://info.binance.com/en/research/marketresearch/crypto-correlations-q3-2019.html
https://hackernoon.com/about-those-crypto-correlations-e68720707efe
https://www.forbes.com/sites/cbovaird/2018/10/16/is-the-correlation-between-stocks-and-bitcoin-real/#4656c4b96146
I can't monitor everything as altcoins is a big market, its just my observation looking to legit altcoins with real liquidity and in good exchanges.
Maybe from time to time there are coins that will pump but it would not rise further if BTC is still at the current state.
Thanks for taking effort providing me this article, it will take time to read but I will definitely check that.
Some altcoins have bucked the bear market trend and done well this year. However, the majority of the coins in the market are still led by overall bitcoin trend and sentiment.
We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?
This moment will come. It will definitely start with one altcoin and most likely it will be Ethereum. It is possible that this situation will be initiated by the upcoming fork. When the Ethereum price breaks away from the Bitcoin price on the chart and begins to grow very quickly regardless of what happens to the Bitcoin price, then investors will understand that other alcoins also have high growth potential. This will definitely be a revolutionary moment for the entire cryptocurrency market.
This can happen, but the days weren't very near. From my view bitcoin came into existence without any dependence. When we look upon altcoins, everything got developed following the other. This way each and every altcoin has got some connectivity which makes direct dependence over bitcoin. At times we can experience growth with altcoins without big move on bitcoin. If everything gets independent market then bitcoin will easily loss its importance.
for now and so far i'm sure altcoins won't be able to move on their own but in reality we don't know what changes will happen in the future. but indeed, bitcoin really dominates the crypto market but sometimes there are times when altcoins are able to increase themselves but indeed, an increase that happen without a positive trend of bitcoin then the increase will not be significant and only happen for a short time
We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?
Of course not, but there are very very few altcoins that can stand alone against the bitcoins bearish market. However, to say that they can stand or always make their own trend going up is nearly impossible. So i think they can't be independent bitcoin is still the king of crypto and whatever movement it makes the entire altcoins will have an effect. Jump to: