Topic: How much damage done in Altcoin Due to these Pump&Dump in Bitcoin prices (Read 217 times)
February 21, 2020, 12:39:31 PM
To say the truth no damage was done when Bitcoin was rising and falling, it's just normal market procedure, when Bitcoin rises all other coins revaluates and when Bitcoin falls it's bad news for altcoins, what matter is when you jumped in
February 21, 2020, 12:34:06 PM
Altcoins usually grow only when the BTC market is calm and strong enough. If Bitcoin moves up or down quickly - money flows from altcoin to BTC. Here is the money flow chain: fiat -> BTC -> high cap alts -> low cap alts
February 14, 2020, 12:17:53 PM
In any case, the dump and pump is a speculative tool that naturally has a negative impact on the activities of many projects.
February 14, 2020, 05:00:07 AM
Usually we all want to see Bitcoin pric go higher and higher in each single minuet, But this is painful that when BTC grown and we drop out portfolio. Basically Alt market comes in crypto for multipurpose but most of use involved in alt market for making our bitcoins double, triple or more than this.
Here is everybody knew about that whenever bitcoin make sudden move weather its base on any news or due to whales artificial price manipulation this cause huge damage done in both our portfolio and alt coins too.
I think this is very strong reason of alt market crashes and many of new investors harms too from this behavior of market.
The fault is all on you if your altcoins end up been a garbage because many are at ease investing in top altcoins, you can't ever get wrecked if you go for top altcoins, so its not bitcoin fault when altcoins loses value, be careful which one you keep Here is everybody knew about that whenever bitcoin make sudden move weather its base on any news or due to whales artificial price manipulation this cause huge damage done in both our portfolio and alt coins too.
I think this is very strong reason of alt market crashes and many of new investors harms too from this behavior of market.
February 14, 2020, 04:22:44 AM
I agree with you, either BTC pump or dump but the Impact will occur in alts for sure, there has been speculation that Bitcoin and altcoin have an inverse relationship. Since most of the altcoins do not pair with fait currencies BTC is the next option for them, when BTC starts to fall immediately traders want to sell other coins. So this is how it impacts the alt market down this is my opinion.
February 14, 2020, 04:01:30 AM
Usually we all want to see Bitcoin pric go higher and higher in each single minuet, But this is painful that when BTC grown and we drop out portfolio. Basically Alt market comes in crypto for multipurpose but most of use involved in alt market for making our bitcoins double, triple or more than this.
Here is everybody knew about that whenever bitcoin make sudden move weather its base on any news or due to whales artificial price manipulation this cause huge damage done in both our portfolio and alt coins too.
I think this is very strong reason of alt market crashes and many of new investors harms too from this behavior of market.
Here is everybody knew about that whenever bitcoin make sudden move weather its base on any news or due to whales artificial price manipulation this cause huge damage done in both our portfolio and alt coins too.
I think this is very strong reason of alt market crashes and many of new investors harms too from this behavior of market.
Why are you blaming Bitcoin in general when the market is looking perfect for almost all coins. Look at ETH, BNB, BAT, LTC and even NEO they all are doing great and after a long time the market seems positive. Yes, when Bitcoin goes up Alts do hoped but Bitcoin has not gone up considerably and is still trading sideways. The market is currently stable.
February 13, 2020, 09:22:00 PM
I think this is not the behavior of new investors who make the price of bitcoin crash but rather the current trend conditions and only a little manipulation and it doesn't stand out at all.
In my portfolio I always keep bitcoin and altcoin which in my opinion do not forget we must know and be wise in drawing conclusions when selling or buying, do not rush to eat news or predictions from the experts because that is not necessarily the truth.
I have to know what I'm doing at a time like this.
In my portfolio I always keep bitcoin and altcoin which in my opinion do not forget we must know and be wise in drawing conclusions when selling or buying, do not rush to eat news or predictions from the experts because that is not necessarily the truth.
I have to know what I'm doing at a time like this.
February 13, 2020, 09:10:24 PM
Usually we all want to see Bitcoin pric go higher and higher in each single minuet, But this is painful that when BTC grown and we drop out portfolio. Basically Alt market comes in crypto for multipurpose but most of use involved in alt market for making our bitcoins double, triple or more than this.
Here is everybody knew about that whenever bitcoin make sudden move weather its base on any news or due to whales artificial price manipulation this cause huge damage done in both our portfolio and alt coins too.
I think this is very strong reason of alt market crashes and many of new investors harms too from this behavior of market.
Certain drop will not occur easily so if you will monitor your portfolio closely, losing some big amount of money is avoidable especially if the market will make a sign of a long drop then it is the time that you should sell your portfolio. Don't hold it just because you are losing some amount, be practical it's better to loss 100 usd rather than 1000 usd. Here is everybody knew about that whenever bitcoin make sudden move weather its base on any news or due to whales artificial price manipulation this cause huge damage done in both our portfolio and alt coins too.
I think this is very strong reason of alt market crashes and many of new investors harms too from this behavior of market.
Altcoin is getting stronger nowadays and I didn't notice any pump and dumps in bitcoin so the chances that we will hitting the bull run is very near.
February 13, 2020, 08:28:21 PM
Usually we all want to see Bitcoin pric go higher and higher in each single minuet, But this is painful that when BTC grown and we drop out portfolio. Basically Alt market comes in crypto for multipurpose but most of use involved in alt market for making our bitcoins double, triple or more than this.
Here is everybody knew about that whenever bitcoin make sudden move weather its base on any news or due to whales artificial price manipulation this cause huge damage done in both our portfolio and alt coins too.
I think this is very strong reason of alt market crashes and many of new investors harms too from this behavior of market.
Here is everybody knew about that whenever bitcoin make sudden move weather its base on any news or due to whales artificial price manipulation this cause huge damage done in both our portfolio and alt coins too.
I think this is very strong reason of alt market crashes and many of new investors harms too from this behavior of market.
It's the situation that you need to be aware of if you are an investor you need to be very flexible in your decision, there are manipulations and they are uncontrol scenario but knowing when to sell and to buy back again is one that we need to learn to learn if you want to stay profitable in this industry, experience will teach us how.
February 13, 2020, 06:45:50 PM
The upward and downward movement of the price of Bitcoin can be very helpful, depending on how much you utilize it. It is not meant to cause any damage to altcoins, except in a case where investors and tradings are mostly accumulating Bitcoin.
It is a trend and it comes with market projection. Irrespective of the behaviour of Bitcoin there are altcoins that still manage to grow. There are variations too.
It is a trend and it comes with market projection. Irrespective of the behaviour of Bitcoin there are altcoins that still manage to grow. There are variations too.
February 13, 2020, 05:18:44 PM
This is unfortunately a pretty cyclical thing that we've seen in both of the major bull runs that I can remember, and it's probably going to happen for as long as cryptocurrencies are still relevant as people naturally turn away from Bitcoin once they see its high price despite the fact that you can buy just part of a Bitcoin. It's certainly somewhat damaging to the reputation of cryptocurrencies as a whole when these alts and Bitcoin inevitably decline after such a bull run, but there's always people that are reeled back into Bitcoin and alts once they start going up again.
February 13, 2020, 01:23:01 PM
Usually we all want to see Bitcoin pric go higher and higher in each single minuet, But this is painful that when BTC grown and we drop out portfolio. Basically Alt market comes in crypto for multipurpose but most of use involved in alt market for making our bitcoins double, triple or more than this.
Here is everybody knew about that whenever bitcoin make sudden move weather its base on any news or due to whales artificial price manipulation this cause huge damage done in both our portfolio and alt coins too.
I think this is very strong reason of alt market crashes and many of new investors harms too from this behavior of market.
That is actually expected by whales by manipulating a certain coin's price in unexpected time.But the real damage done by weak hands not by the whales because they are urging to sell their altcoins to buy bitcoin which gets immediate effect on bitcoin bump and altcoins get dumped. Here is everybody knew about that whenever bitcoin make sudden move weather its base on any news or due to whales artificial price manipulation this cause huge damage done in both our portfolio and alt coins too.
I think this is very strong reason of alt market crashes and many of new investors harms too from this behavior of market.
February 13, 2020, 11:25:55 AM
Firstly you should know that cryptocurrency is a new market and is highly volatile. As we can't abruptly change it, we should accept it.
And the volatility has been lower in last two years thanks to bitcoin which has a huge marketcap and acts as a buffer for rapid changes in price of coins.
If it were just the alts, I bet the market would have been much more volatile than this as they would require much smaller capital to manipulate.
And the volatility has been lower in last two years thanks to bitcoin which has a huge marketcap and acts as a buffer for rapid changes in price of coins.
If it were just the alts, I bet the market would have been much more volatile than this as they would require much smaller capital to manipulate.
February 13, 2020, 10:27:53 AM
That doesn't even match with the fact that it already happened. The correction of bitcoin does a big impact to the whole of altcoin but i just wanna try to remind you if your claim is false as when bitcoin gets increase and altcoin will be following the bitcoin too. How much damage will have done by altcoin can't be determined as that depends on the market that was the main factor to determine the price of altcoin.
Some people said the altcoin will get a big impact by the bitcoin movement and that's true but the main point should be the development progress of the project.
Look at some coins that were getting a very huge increase caused by that. This claim is no 100% true and you should think again about that.
Some people said the altcoin will get a big impact by the bitcoin movement and that's true but the main point should be the development progress of the project.
Look at some coins that were getting a very huge increase caused by that. This claim is no 100% true and you should think again about that.
February 13, 2020, 09:18:19 AM
Usually we all want to see Bitcoin pric go higher and higher in each single minuet, But this is painful that when BTC grown and we drop out portfolio. Basically Alt market comes in crypto for multipurpose but most of use involved in alt market for making our bitcoins double, triple or more than this.
Here is everybody knew about that whenever bitcoin make sudden move weather its base on any news or due to whales artificial price manipulation this cause huge damage done in both our portfolio and alt coins too.
I think this is very strong reason of alt market crashes and many of new investors harms too from this behavior of market.
It’s mostly the smaller coins and tokens in the market that are being affected by such. Whenever the price of Bitcoin makes a move other altcoins that are on top list usually makes a move with it. And moreover it is being said that cryptocurrency is volatile, we all are aware of that.Here is everybody knew about that whenever bitcoin make sudden move weather its base on any news or due to whales artificial price manipulation this cause huge damage done in both our portfolio and alt coins too.
I think this is very strong reason of alt market crashes and many of new investors harms too from this behavior of market.
So, you shouldn’t be a expecting that at all times, all the cryptocurrencies will also not move the same direction, they are different and the price movement will show that, when some are going up others would be failing. And there are people here who don’t care, they just want to make that quick money and leave and that’s why some of them go to the extent of forming groups on telegram that just pumps and dumps coins.
February 12, 2020, 03:52:02 PM
Usually we all want to see Bitcoin pric go higher and higher in each single minuet, But this is painful that when BTC grown and we drop out portfolio. Basically Alt market comes in crypto for multipurpose but most of use involved in alt market for making our bitcoins double, triple or more than this.
Here is everybody knew about that whenever bitcoin make sudden move weather its base on any news or due to whales artificial price manipulation this cause huge damage done in both our portfolio and alt coins too.
I think this is very strong reason of alt market crashes and many of new investors harms too from this behavior of market.
This is something you can not prevent. People hold altcoins to make profit. They main goal is "profit" not building a portfolio. When they see the price of bitcoin rising, they don't want to lose the opportunity of investing on bitcoin and make some quick profit. Thus they end up selling their altcoin and jumps into bitcoin investmnet causing the price of altcoins to drop, while the price of bitcoin starts to rise. They know that if they don't dump it, someone else will dump those coins, thus causing them to suffer from losses too.Here is everybody knew about that whenever bitcoin make sudden move weather its base on any news or due to whales artificial price manipulation this cause huge damage done in both our portfolio and alt coins too.
I think this is very strong reason of alt market crashes and many of new investors harms too from this behavior of market.
Thus to avoid any loss and to maximize their profit, they invest on bitcoin.
Some people buys their sold coins back and cheaper rate.
February 12, 2020, 01:55:37 PM
You can not expect the price to keep increasing constantly or both Bitcoin and altcoin keep making a rise without retracing.
Not to mention we have limited fresh money coming in into our market, without fresh money we can not increase the price and even sustain it.
Try to learn something called market economy, it is a simple basic talking about the influence of the demand, the flow of money to the market.
This is an unreasonable demand in the first place.
Not to mention we have limited fresh money coming in into our market, without fresh money we can not increase the price and even sustain it.
Try to learn something called market economy, it is a simple basic talking about the influence of the demand, the flow of money to the market.
This is an unreasonable demand in the first place.
February 12, 2020, 01:42:59 PM
Depends on the movements quickness really. Lets say bitcoin suddenly goes from 10k to 15k, altcoins will definitely get damaged because at that point there isn't any money coming into altcoins and that means bitcoins price going up would result with altcoins price (in bitcoin terms) going down (even if staying same or even maybe going up in dollar terms). However if it takes time like it has in the past 2 months, that means there is a chance some of that money going into bitcoin as well, thats why bitcoin doesn't really matter in price but more about time period. Altcoins are seen by people as "hail mary" most of the time because not many people believe the value of it but they know it could make x5 in a day and thats what they are counting on.
February 12, 2020, 12:08:56 PM
My portfolio isn't being damaged if ever bitcoin moves so quick. I have most of my stash in bitcoin and held also some decent altcoins so it's up to you how you will balance your portfolio. If you are dealt mostly in altcoins, you'll complain whenever bitcoin moves and that's the reason why you need to become smarter and wiser when you will choose the altcoins that you want to keep. And as you can see, this is a party and it's not only bitcoin that's pumping but it's everything.
February 12, 2020, 10:42:15 AM
Your claim doesn't make any sense mate, its investors decision to buy and sell, you are the one to determine when to buy or sell and look at the present value of many altcoins, they keep surging, many expected this in 2019 and it never happened, those who can't endure sold their coins and move on, without patience in crypto space you ain't getting anything
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