When he is asking about last May is he referring to May 2019 or May 2018?
Since he wrote this in June 2019, I am assuming he was referring to May 2018.
Either way May 2018 had a big alt run. BTC went from $6K to almost $10K but alt coins like BCH had a huge rally. Basically if I recall BCH almost topped out at $2000 from like $500 a few weeks prior.
And after that every started to turn red again, including BTC. It was basically the perfect time to short or sell because a nasty bear market begun.
Topic: Is it true that ALT coins had a bigger rise than BTC last May? (Read 452 times)
I never followed ALT coins' progress and I was wonderng if at this point, is it any good to start getting into ALTs now? Is it anything better or equal to BTC or greater? What you guys say?
There is no one will give you an idea to choose an altcoin who will give you a profit and also there is no one who will give a high confident that BTC is the promising place to investing. But if you learn more about management risk when you have an intend to invest I'm sure you will find a lot of people who says don't store your money in one place. This strategy has been done by me when I started to invest and thus far I have been felt the result of the strategy. I can still get a profit when one of my investment place fall because I choose another to store my money. Maybe you can learn about this strategy, but I just give a suggestion when you choose investment in cryptocurrency store a half in your capital in Bitcoin and the rest you can share on the several altcoins. And remember there is no instant profit, if you have intention to get a huge profit set your mind to choose long term investment.
Sometimes, it seems that the crypto market has its own rules: it never follows any rules. Therefore, crypto trading is a good business for only those people, who are as flexible as the cryptocurrencies. If you invest in one token, it does not mean that you should work with it only. Invest and trade depending on the market trends, and it will bring you good results.
I never followed ALT coins' progress and I was wonderng if at this point, is it any good to start getting into ALTs now? Is it anything better or equal to BTC or greater? What you guys say?
There is no one will give you an idea to choose an altcoin who will give you a profit and also there is no one who will give a high confident that BTC is the promising place to investing. But if you learn more about management risk when you have an intend to invest I'm sure you will find a lot of people who says don't store your money in one place. This strategy has been done by me when I started to invest and thus far I have been felt the result of the strategy. I can still get a profit when one of my investment place fall because I choose another to store my money. Maybe you can learn about this strategy, but I just give a suggestion when you choose investment in cryptocurrency store a half in your capital in Bitcoin and the rest you can share on the several altcoins. And remember there is no instant profit, if you have intention to get a huge profit set your mind to choose long term investment.
Sometimes, it seems that the crypto market has its own rules: it never follows any rules. Therefore, crypto trading is a good business for only those people, who are as flexible as the cryptocurrencies. If you invest in one token, it does not mean that you should work with it only. Invest and trade depending on the market trends, and it will bring you good results.
We all must be ready that after 12. September a lot of altcoin will go down, because from this date it will be prohibited for americans to trade on Binance and a lot of coin have their most trading volume on Binance...
Do you think this factor will have a big impact on cryptocurrencies in General?It is so stupid to think it this way. Just like China did to cryptocurrency 2 years ago. What happened afterward? nothing. It's a huge factor for those who used that platform(because you are not able to do any transaction). But for the overall situation? it does not have that much impact. Some coins might get burned in the process, but it does not mean everything will turn into chaos because of this.
We all must be ready that after 12. September a lot of altcoin will go down, because from this date it will be prohibited for americans to trade on Binance and a lot of coin have their most trading volume on Binance...
Do you think this factor will have a big impact on cryptocurrencies in General?
it all depends on the altcoin because every day there are altcoins that can reach 100% price increase in a day.
but keep in mind that this is only the hype made by the altcoin, and what I know is that there are no altcoins that are better than bitcoin.
A 100% increase in 1 day usually occurs on altcoin which does not have such a large volume that it is easy to be played by the volume market. and this is very risky if you want to enter and trade in it because it is prone to big downbut keep in mind that this is only the hype made by the altcoin, and what I know is that there are no altcoins that are better than bitcoin.
We all must be ready that after 12. September a lot of altcoin will go down, because from this date it will be prohibited for americans to trade on Binance and a lot of coin have their most trading volume on Binance...
it all depends on the altcoin because every day there are altcoins that can reach 100% price increase in a day.
but keep in mind that this is only the hype made by the altcoin, and what I know is that there are no altcoins that are better than bitcoin.
I agree with you on that, it will be impossible for any altcoins technology to ever be able to stand with that of bitcoin, I believe that we all know Ethereum came as second to bitcoin, and when Ethereum came, they came as though they have a better solution more than bitcoin, but till date, no matter the market strategy being used by Ethereum, they have still not been able to reach bitcoin in everything.but keep in mind that this is only the hype made by the altcoin, and what I know is that there are no altcoins that are better than bitcoin.
Most of the altcoins we see reach 100 percent at one point is because they are still very low in value and they have low market cap, but in general, no altcoins has ever increase as much bitcoin has, even any one doubting is to even check CMC, they will see that bitcoin increase since it was created is quite higher than every other cons that may exist in the market.
I never followed ALT coins' progress and I was wonderng if at this point, is it any good to start getting into ALTs now? Is it anything better or equal to BTC or greater? What you guys say?
There is no one will give you an idea to choose an altcoin who will give you a profit and also there is no one who will give a high confident that BTC is the promising place to investing. But if you learn more about management risk when you have an intend to invest I'm sure you will find a lot of people who says don't store your money in one place. This strategy has been done by me when I started to invest and thus far I have been felt the result of the strategy. I can still get a profit when one of my investment place fall because I choose another to store my money. Maybe you can learn about this strategy, but I just give a suggestion when you choose investment in cryptocurrency store a half in your capital in Bitcoin and the rest you can share on the several altcoins. And remember there is no instant profit, if you have intention to get a huge profit set your mind to choose long term investment.
it all depends on the altcoin because every day there are altcoins that can reach 100% price increase in a day.
but keep in mind that this is only the hype made by the altcoin, and what I know is that there are no altcoins that are better than bitcoin.
but keep in mind that this is only the hype made by the altcoin, and what I know is that there are no altcoins that are better than bitcoin.
My opinion is that Altcoins are capable of becoming an honest and competitive Bitcoin. yes, and it’s time to show how important the power of the idea that the ico projects offer, and not just the crazy mining.
Not to understate the meaning of many altcoins that are good and move positively, but if it can and like Bitcoin, for now it seems that it is still far from expectations, because after all all altcoins still depend on the movement of the value of bitcoin and not and cannot move own.
altcoin hasn't experienced an increase that exceeds bitcoin in May because bitcoin is rising rapidly and altcoin is very slow, only a few altcoins have gone up pretty well but not exceeding the speed of bitcoin. but indeed it is undeniable that the increase in bitcoin makes the altcoin also rise in fiat.
Yes that was true for altcoin like binance coin/ BNB with IEO project, bnb is best altcoin this year i think with use on IEO and some people say it can replace ethereum, may be in several years.
There is something in it.
Some of the altcoins that I had a good growth a year ago. Much better than this year. Perhaps then many investors believed in altcoins enough to buy. This year, everything is different: people only believe in the biggest coins.
Some of the altcoins that I had a good growth a year ago. Much better than this year. Perhaps then many investors believed in altcoins enough to buy. This year, everything is different: people only believe in the biggest coins.
Well, it is very hard to monitor altcoins today especially when that altcoin is not popular or you haven't held any of it. If you are a hodler of altcoins for sure you will monitor it daily or weekly. Bitcoin has risen a large amount this month and of course, altcoins followed. But some of the altcoins right now increased by 200% to 300% after the rise of bitcoin so I believe alt coins had a bigger rise than BTC without checking the last year's chart.
Bitcoin is the mother coin of almost all of the token in the market that's why they are following what is the status of the btc and also depending on it.
Bitcoin is the mother coin of almost all of the token in the market that's why they are following what is the status of the btc and also depending on it.
It is not so difficult to monitor altcoins if you do not have over a hundred of them in your portfolio. As for their growth this May, Bitcoin showed better activity, which was a bit unusual. I guess, in June, alts will be faster.
My opinion is that Altcoins are capable of becoming an honest and competitive Bitcoin. yes, and it’s time to show how important the power of the idea that the ico projects offer, and not just the crazy mining.
In the real sense no alt can compete with Bitcoin although in Bull run most alts triple in their prices more than Btc can double but at the end Btc still dominates every alt.
My opinion is that Altcoins are capable of becoming an honest and competitive Bitcoin. yes, and it’s time to show how important the power of the idea that the ico projects offer, and not just the crazy mining.
It looks like it.
1. Create ScamCoin and pre-mine 1000.
2. Now sell one to your best friend for $1000 = Current marketcap $100,000.00!
3. Next have your friend sell it back to you for $2000 = current marketcap $200,000.00 = 100% growth per day!
Now I have a coin that blows bitcoin out of the water on paper. Of course it is actually worthless, but if I can convince a few people otherwise I can sell my pre-mined coins and just walk away from the project. Remember that the "problem" most alts are trying to solve is the problem of you having money that a scammer wants.
Interesting breakdown of what's behind the scene. I don't know how it works with alts but, you seem like you've orchestrated something like this lmao jk 1. Create ScamCoin and pre-mine 1000.
2. Now sell one to your best friend for $1000 = Current marketcap $100,000.00!
3. Next have your friend sell it back to you for $2000 = current marketcap $200,000.00 = 100% growth per day!
Now I have a coin that blows bitcoin out of the water on paper. Of course it is actually worthless, but if I can convince a few people otherwise I can sell my pre-mined coins and just walk away from the project. Remember that the "problem" most alts are trying to solve is the problem of you having money that a scammer wants.
It looks like it.
1. Create ScamCoin and pre-mine 1000.
2. Now sell one to your best friend for $1000 = Current marketcap $100,000.00!
3. Next have your friend sell it back to you for $2000 = current marketcap $200,000.00 = 100% growth per day!
Now I have a coin that blows bitcoin out of the water on paper. Of course it is actually worthless, but if I can convince a few people otherwise I can sell my pre-mined coins and just walk away from the project. Remember that the "problem" most alts are trying to solve is the problem of you having money that a scammer wants.
1. Create ScamCoin and pre-mine 1000.
2. Now sell one to your best friend for $1000 = Current marketcap $100,000.00!
3. Next have your friend sell it back to you for $2000 = current marketcap $200,000.00 = 100% growth per day!
Now I have a coin that blows bitcoin out of the water on paper. Of course it is actually worthless, but if I can convince a few people otherwise I can sell my pre-mined coins and just walk away from the project. Remember that the "problem" most alts are trying to solve is the problem of you having money that a scammer wants.
Not all altcoins are having a bigger rise this year.
Most of them are dropping down and some are actually losing their value. Only top coins are increasing and not every altcoin have the potential to rise better when the bull market runs.
It's still best to invest with Bitcoin because the changes are visible.
It's actually dizzying the amount of alts out there and not even 10% of all those are gaining value in the past couple of months despite some alts soaring as high as 200%. I noticed most of the most popular once have even decreased in demand and value. so maybe yeah, I'd rather stick to btc for a while and calculate and learn more about alts I might decide on getting. Most of them are dropping down and some are actually losing their value. Only top coins are increasing and not every altcoin have the potential to rise better when the bull market runs.
It's still best to invest with Bitcoin because the changes are visible.
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