Topic: I've noticed something strange (Read 1292 times)

That is a perfect way but.  What if you sell your favorite coin because you think it will go down for you to buy 20% cheaper and have 20% more of your favorite coins and then it go BUM +200% and never come back. And you are left with empty bag of coin you believed in for past 3 years.  All you can do is buy 1/3 of what you had or nothing at all. 

I know I would not survive it. So I just put my feet on the table and watch the party doing nothing.   

Probably your guess really correct. Today, bitcoin has skyrocketed, its value has grown rapidly in a short time. this is really nice. Bitcoin is always the strongest currency.

This is a very dangerous assumption in any investment!

I've counted 5 big drops (in Bitcoin) this year, and each time Bitcoin reached a higher point after that again. Realizing the whole dumping thing is manipulation to get people to panic sell at a lower rate makes me feel much more confident it will just bounce up again eventually.

If history taught us one thing, it's that history repeats itself.

I too got into alts at a very bad moment, right after many alts went up 10 to 100 fold. Since they've lost more than 80% already, I just keep them. Another thing history has taught me is that alts go up every few years, and once they do, I'll sell some. Not all, just a bit.

Im not a fan of thinking too much hype when it comes to that kind of concerns.

But Im interested of what will really happen. Will just take a cup of tea somewhere while watching what will happened.

I need/must! Day trading and accumulating coins in which I "trust".

You should know better from past.

BTC will get in Newspaper headlines and evening news. New horde of people will jump in and start buying BTC.  Few weeks latter part of them will start looking around the Cryptospace and will see your altcoins and price of those will double.  Happened few times only this year.  So just chill out and enjoy the rest of this decade. Not need to do anything really.

Sorry, Steve, but this sounds stupid. Do you realize that currently 100s of billions $ are traded into digital currencies on monthly basis? Should I remind you what happened (even though you probably weren't around) after Mt Gox and The DAO failure (to name a few)? What happens now? China bans Bitcoin - we don't care, we buy. Russia bans Bitcoin - we don't care, we buy. All these circumstances would have caused huge negative impact back in the days, but things are now different. More people into Bitcoin = more strong hands.

You cannot compare it with history.

Bad thing is that alts are suffering, but as I said - the ones who deserves it will eventually flourish as well.  

In essence your thread said that one of the only 2 possible things was going to happen, it wasn't anything revolutionary. When BTC has big price surges it is almost always accompanied by falls in the prices of alts because people are keen to get their hands on BTC.

Yes, but this time alts are being dumped harder than before. Myself am holding alts only and I can tell you that I don't like my current balances. So far only LTC is performing well vs BTC, but this was expected.

I kinda expected Bitcoin to shoot up a lot once it really broke the $5k barrier. It had been stuck just under it for a long time now. The same happened at $3k, and the same happened at $800. If it follows the same pattern, that would mean $8k soon.

I believe my thread makes more sense now. Bitcoin is skyrocketing and alts are being dumped.

Basically, the author of that article is claiming that anytime bitcoin forks, the value of the forked coin will be subtracted from the value of the original bitcoin.  In other words, the author believes that the total price/value/market cap between the two coins is going to be conserved.  For example, if BTC was worth $4000 before the fork, then BTC + BCH would be worth $4000 after the fork.  So if BCH ends up at $1000, BTC would end up at $3000.

Additionally, the author claims that any value that appeared to be added around the time of the fork would have ended up in the original coin if the fork hadn't occurred.  Using the same example, if BCH ends up at $1000 and BTC remains at $4000, then BTC actually would have risen to $5000 if there had been no fork.

While I think there is a lot of logic and likely some truth to these assertions, I think that reality is much more complex than this.  For example, if everyone decided to invest extra fiat in BCH that they otherwise would not have invested in BTC, then BTC's price would be unaffected by the fork.

Basically you say it can go both way, and that is nothing new in Bitcoin world. But I think you are right about what you said. Currencies all across the world are losing to Bitcoin slowly. If I'm not mistaken that is one thing why China was concerned about Bitcoin. When people start using Bitcoin more than its own country currency, that country currency is losing on its value. I don't think there will be price skyrocket, not any time soon at least. But I am not sure about dump. November is coming, and with it maybe new hard fork, which can lead to another panic sale.

Pretty much because of the recent Hard Fork everybody is ready for the next one this coming November and it is really announce that it will surely happen and I am the one who is waiting to get free Altcoin in this next Hard Fork that is why I am holding no matter what happen and I really think after this Hard Fork expect the surge of value with bitcoin and there will be FUD but I think many would not listen anymore with any nonsense regarding any negativity against bitcoin.

It's what I've been telling everybody too, that Bitcoin Cash won't be free money. But in the end it was in a way, because at the end BTC surpassed it's ATH by far and at the same time even BCC reached number 3 market cap. And it's not because bitcoin before the hard fork should have been worth that much more. The reason was future market pumped the hell out of BCC.

There was an anomaly because it was possible to buy it as future investment even before the fork occurred. And the price was pumped very high at the future market already. I guess many people didn't even know what future market was. And when the bitcoin cash came out many saw the price rise on the future market and assumed it will continue to go up so they continued buying and pumped the price very high. But in reality there was just a few % of true investments in it's market cap. Everything else was just "made up of thin air", because of unrealistically pumped up price. And the market cap was probably 100 times overinflated on the first day.

This unrealistically large market cap made bitcoin cash look like it's serious and strong cryptocurrency, so people continued to invest in it. Until the missing money from the market cap filled the anomaly and it's market cap isn't overinflated anymore now. So it wasn't free money, but it tricked people to invest additional money to the market, so it doesn't represent part of former BTC market cap either. And many people made nice profit from selling it so it indeed was a kind of free money for them.

I think in the near future will not dump. Users hold bitcoins in the hope that after the fork, the price will grow like last time and maybe they will get free new coins. So even the bad news from China can not destabilize the market.

So basically bitcoin is either going to pump or dump sometime soon, isn't that pretty much always the case? The market is probably just waiting for a wave of confidence or a wave of in-confidence which will likely come off the back of some either positive or negative news. A lot of market confidence was lost with the recent China FUD so it's understandable that the markets are still unsure.

The point that I get from that article is the amount you put up from a certain coin and so on through forkcoin? So how about if we use another coin would that be in the same motion too? I'm kinda curious and confused as well regarding this matter. Could somebody from here who could elaborate the thought from the article and make it a brief info to everybody? Anyway,thank you for this information but I have to stay calm for now because bitcoin is tremendously keeping its skyrocketing rate sooner and sooner.

The sequence or pattern that can be seen on the bitcoin chart is that it always goes up after a major dump. And those two things that you had mentioned are truly going to happen, that's the cycle that I always believe and makes me calm all the time. Once we are into dumps, I'm just taking the advantage of buying at dip because there will be an incoming skyrocketing and with the upcoming fork, for sure we are into skyrocketing.

I understand what the author in that article is saying, and it mostly makes sense, but it's not necessarily true.  That view is too simplistic and is only guaranteed to be true in a vacuum where people have to invest in something, and the only options are bitcoin and bitcoin cash.  The real markets are much more complicated than that.