Huge Altcoin rally underway | Bitcointalksearch.org

solarion

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Quote from: 左 on December 17, 2017, 11:07:42 AM

Quote from: saidlik on December 17, 2017, 10:56:56 AM

I think it is mostly because high BTC fees. Honestly, right now rather than buying more bitcoin for 1000 dollars, i rather buy some promising altcoin.

Of course the main reason is also the fact that more and more people are coming into bitcoin, or some BTC holders due to the fear that BTC will fall are buying some promising alts... All of these reasons are responsible for these bullruns we seen last days.

I think the fee's are partly at fault, but bitcoin is reaching such prices that some are diversifying. I also think some are trying to enter crypto with a little less money.

Fees might be seems high for the all online wallet users it is around 20 USD per transaction from the time bitcoin crossed 10k USD. So try to move desktop wallet which can be modified your fees according to amount you are transferring.
If you have cheap value in the wallet your fund will bear for fees alone you will not get the money for that transaction you made with the cheap amount.

bucksman5233

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Quote from: sandy14350 on December 17, 2017, 12:51:16 PM

the alts market is bit heated now.. its defiantely gonna take correction soon in few days... both alts and btc gonna take correction at a time... bcz both are overhyped and investors gonna take profits and cut short it

Yeah this is actually a crazy bull market so each and every alt is pumping hard. A real correction is underway it might start this year or next month but first I think BTC will correct some, then alts would follow BTC to certain extent there will be a lot of bloodbath in the market and smart investors will invest at that time instead of peak.

sandy14350

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the alts market is bit heated now.. its defiantely gonna take correction soon in few days... both alts and btc gonna take correction at a time... bcz both are overhyped and investors gonna take profits and cut short it

wildflower18

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Some altcoins are in green moment I dont know the reasons why of current bullish market. Maybe because of getting the chance to earn huge those that are buying of low price. More likely, this altcoin rally will continue because still there are other altcoins of having a huge potential to rising up.

Fileiro

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As long as there's still plenty of people spreading fear, saying 'the altcoins market is not a bull market, it will crash in a month', there's tons of money to be made.

This has all the hallmarks of a true bull market, up to and including the naysayers busy building the Wall of Worry for this bull to climb.

I just feel sorry for those missing this freight train Cheesy

pey

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Quote from: SilArt on December 17, 2017, 10:05:57 AM

If the bitcoin will be stable above or around 20k for some time we certainly will see how good altcoins rise

Nice Christmas gift

It can't be simply stable, it needs a correction, it needs blood first.
it may look like everyone is making money 'for now, but some people will pay the cost of it, you may not be aware of that if you are one of the gainers bought very early.

Dragonrage201

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Agree that more people are investing into cheaper coins over bitcoin. This rally will
continue as more people brag about their crypto gains over holiday parties and on
social media and get their friends in the cryptos.

左

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Quote from: saidlik on December 17, 2017, 10:56:56 AM

I think it is mostly because high BTC fees. Honestly, right now rather than buying more bitcoin for 1000 dollars, i rather buy some promising altcoin.

Of course the main reason is also the fact that more and more people are coming into bitcoin, or some BTC holders due to the fear that BTC will fall are buying some promising alts... All of these reasons are responsible for these bullruns we seen last days.

I think the fee's are partly at fault, but bitcoin is reaching such prices that some are diversifying. I also think some are trying to enter crypto with a little less money.

saidlik

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Czech altcoin newbie

I think it is mostly because high BTC fees. Honestly, right now rather than buying more bitcoin for 1000 dollars, i rather buy some promising altcoin.

Of course the main reason is also the fact that more and more people are coming into bitcoin, or some BTC holders due to the fear that BTC will fall are buying some promising alts... All of these reasons are responsible for these bullruns we seen last days.

Thanasis

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Quote from: Sephire on December 17, 2017, 01:23:12 AM

Cannot help notice how the total crypto market cap is up over $100 billion in just last two or three days.
Most coins are up big. Do not know what is the reason of this big rise now but it feels good

This is due to many people are started to invest on bitcoin as well as on altcoins too so demand of all crypto currency increasing which means price also increasing.Maybe this is the start on bitcoin era people started to move from fiat to cryptos.
But still crypto currency need to be developed in terms of speed of transaction and fee,if people want to use crypto currency the fee must be at affordable rate but now if the traffic get chocked the price is high.So people want to pay $10 as a fee for $20 purchase.

3DBrushes

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Quote from: Despacito on December 17, 2017, 10:10:48 AM

Quote from: yua_na on December 17, 2017, 03:47:46 AM

It is good when we see altcoin become huge at marketcap as long as bitcoin can not solve the transactions fees problem. To be honest i now choosing altcoin for sending coin between exchanger bitcoin fees is hurt me. We will see 1 trillion marketcap soon maybe in 2018 and the marketcap will devide to bitcoin and altcoin as well.

There is no transaction problem in bitcoin. You pay couple of dollars for $10-20k transfer and this is totally normal. Look at etherdelta transactions they pay $1-2 even for small $100 transactions. Which one is better than.

I know BTC fees are high in terms of USD and not much in terms of Bitcoin because the BTC/USD value is going up. Let's assume BTC crashed to $1000 then you would end up paying 20 times the lesser fees that is average transaction fees is $10 now and then you would pay only $0.5 that's all. If BTC goes higher and higher then fees will also go higher.

kryptqnick

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Quote from: makishart on December 17, 2017, 04:12:24 AM

Quote from: Sephire on December 17, 2017, 01:23:12 AM

Cannot help notice how the total crypto market cap is up over $100 billion in just last two or three days.
Most coins are up big. Do not know what is the reason of this big rise now but it feels good

The reason is more people are coming into the crypto, more money fly to the crypto too. As you can see how the majority of the coin get huge increase. And especially about the bitcoin, ethereum, and bitcoin cash futures contract give a lot of the advertise to the unfamiliar person.

I think it doesn't make sense that people invest in these coins. Bitcoin's transactions are probably the slowest among all the currencies we have out there. The fee is just crazy as well. Ethereum has huge security problems people keep ignoring. Parity eth is still frozen, lot's of people lost their money on that and there's still no decision by Vitalik on that matter. Bitcoin cash - well, sorta solves problems but not really. I think the money keeps going into wrong cryptos, even though there already exist better ones like the good old litecoin, waves and iota.

tomwalsh

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Quote from: Sephire on December 17, 2017, 01:23:12 AM

Cannot help notice how the total crypto market cap is up over $100 billion in just last two or three days.
Most coins are up big. Do not know what is the reason of this big rise now but it feels good

The recent interest generated by bitcoin is spilling over into other digital assets.

A lot of people on this forum have over the last few days have been saying 'we are not seeing a bull market yet', absolute lies we are in the midst of one, should be good profits for all early investors.

Despacito

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Quote from: yua_na on December 17, 2017, 03:47:46 AM

It is good when we see altcoin become huge at marketcap as long as bitcoin can not solve the transactions fees problem. To be honest i now choosing altcoin for sending coin between exchanger bitcoin fees is hurt me. We will see 1 trillion marketcap soon maybe in 2018 and the marketcap will devide to bitcoin and altcoin as well.

There is no transaction problem in bitcoin. You pay couple of dollars for $10-20k transfer and this is totally normal. Look at etherdelta transactions they pay $1-2 even for small $100 transactions. Which one is better than.

SilArt

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Semux!

If the bitcoin will be stable above or around 20k for some time we certainly will see how good altcoins rise

Nice Christmas gift

japaninja

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Really hard to speculate any altcoin rally when bitcoin's growth and adoption grows everyday. Newcomers always see bitcoin as the "original" coin and others as "copycats" that have no real actual working product. Until the majority of the people are educated on the potential of altcoins, I don't believe bitcoin's supremacy will be overthrown anytime soon.

KwizatzHaderach

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Correction should happen soon, probably when BTC hits the 20K mark.
This pace is unsustainable in the long run. (FUD)

Happy with my portfolio, but not that secured with them. All top 10 altcoins went 2-10x this month.

Zero1One0

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Quote from: yua_na on December 17, 2017, 03:47:46 AM

It is good when we see altcoin become huge at marketcap as long as bitcoin can not solve the transactions fees problem. To be honest i now choosing altcoin for sending coin between exchanger bitcoin fees is hurt me. We will see 1 trillion marketcap soon maybe in 2018 and the marketcap will devide to bitcoin and altcoin as well.

I do the same as well. Change to altcoins then transfer them to other exchanges or my personal wallet.

In reply to the topic, most altcoins are in the green today, probably those new money into crypto now doing further research and now know that the cryptocurrency market is not just about bitcoin.

blueteam09

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I think this is the last price increase before Christmas. Sharks will make high prices to sell large amounts of coins before Christmas and New Year's time you have coin then sell the right price and do not buy altcoin now. If you want to make a profit surf short.

Crypdon

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Indeed, and i'm sure we are all happy about it! Or at least those who have invested in the right alts. Neo is starting to pump, and even waves which has been stagnant with whale manipulation has gone above the $10 mark. A good time for investors indeed Wink

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