Market is red all over again... - page 2.

canman

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Quote from: CLywaTeLb on April 06, 2019, 05:37:19 AM

Market is red all over again... and this topic is being discussed again Grin

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This is a long-known fact. As long as the altcoin projects do not get profit, this will be repeated in the market.

The red market is what makes people feel the most anxious and frightened because it is time they don't know what to do next. Many people will choose safe solutions by selling panic and few people will keep it until the next price increase occurs. I think everyone will fall into these two cases when participating in cryptocurrency, but to get rid of that, you need a lot of knowledge to re-evaluate the whole.

suzanne5223

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Quote from: bitgolden on April 03, 2019, 03:24:13 PM

I think this was just a temporary one because I can see from coin marketcap that majority of them are green again, although this is not yet the time for altcoins and many who understand the market will see that, it’s best to convert altcoins to BTC now which has usually been the practice in the past once bitcoin start running on bull, and once they have taken enough profit they want from the Bitcoin bull market, they reinvest in these altcoins again.

So, the red you see might not necessarily mean that the altcoins market was fully abandoned or dumped, it’s just a strategy many people learnt to have both in their favor.

Holding less altcoin and more Bitcoin was indeed the strategy played by artitraged cryptoneir whenever the crypto market poses the strength of bullish market which is why Bitcoin dominance surpasses altcoin. Despite that we all have different point of view and understanding about the market.

CLywaTeLb

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Market is red all over again... and this topic is being discussed again Grin

.
This is a long-known fact. As long as the altcoin projects do not get profit, this will be repeated in the market.

hulla

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Quote from: Umkar on April 05, 2019, 12:44:14 PM

A week ago, before the rise in prices, Bitcoin dominance was about 53%, and today, when its price has risen, its dominance is 50%, which shows that altcoins have received a part of Bitcoin capital and also have risen in price against the general rise in prices on crypto exchanges.

That happen because today is weekend the market trend is still not guarantee which make most experienced arbitrage traders believe swapping some of their bitcoin for stable is the best way to keep their profit intact for next week market trend. But looking at the Bitcoin now and I think the rally is for real.

posi

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Quote from: pinoycash on April 04, 2019, 02:26:09 PM

Rally is over, pack your bags Cheesy

BTC is back in $4800 level once again,..

Is this the bottom? Is the Greendays is over? But lets just hope BTC WILL HOLD at $4800

Firstly, it is too early for everyone of us to make decision about the market because the current status of the market was 50-50 which every analysiser which the market will proceed with surge in price momentum and for the Bitcoin market to gain some green at the moment, I believe the chance that the rally is not over is 60% now.

Umkar

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A week ago, before the rise in prices, Bitcoin dominance was about 53%, and today, when its price has risen, its dominance is 50%, which shows that altcoins have received a part of Bitcoin capital and also have risen in price against the general rise in prices on crypto exchanges.

Btra

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The market is red, that doesn't mean that it is always indicating a bear market. While the market is going upward it's a sudden huge rally and again it shows a nominal downfall. Here this time also the same situation occured in the last 5 days. The Bitcoin price saw a immediate growth of more that 1000$ from the $4200 to $5300. But, now it is trading in between $4700-$5250. Which is forming a upward hill in the chart and it is a symbol of bull market.

fianaindriati

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Quote from: pinoycash on April 04, 2019, 02:26:09 PM

Rally is over, pack your bags Cheesy

BTC is back in $4800 level once again,..

Is this the bottom? Is the Greendays is over? But lets just hope BTC WILL HOLD at $4800

we better defend our bitcoin first, even though the price hasn't been supported yet, the most important thing is that the price can return to normal. so don't give up before seeing the next bitcoin development.

ginobitcoiner

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Quote from: pinoycash on April 04, 2019, 02:26:09 PM

Rally is over, pack your bags Cheesy

BTC is back in $4800 level once again,..

Is this the bottom? Is the Greendays is over? But lets just hope BTC WILL HOLD at $4800

increasing and increasing, the current bitcoin price continues to increase and affects almost all types of crypto currencies. I became one of the lucky people with this situation that some of the altcoins I have bought have increased and made a profit for my investment.

pinoycash

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Rally is over, pack your bags Cheesy

BTC is back in $4800 level once again,..

Is this the bottom? Is the Greendays is over? But lets just hope BTC WILL HOLD at $4800

komjhq

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Quote from: Johnzky on April 04, 2019, 09:54:19 AM

Quote from: BitcoinHodler on April 02, 2019, 03:27:03 AM

once again the bitcoin price rise has led to a massive altcoin dump all over the altcoin market as they continue losing value against bitcoin and show red on the charts. interesting point is that the top coins with bigger market cap are dropping harder than the smaller coins which is probably due to the arbitrage opportunity between the ALT <> USD <> BTC which is also partly the reason for the ALT/USD small rise.

Bur just after almost 20 hours market turns back green again and now are red once more,isn’t it the best time for daytrading?Moving market prices ups and downs are best chance for us to recover from the losses that 2018 brings

Quote from: petermike on April 03, 2019, 12:36:17 PM

Bitcoin is rising continuously for the past few days. It's about $ 5,130. It's really impressive about this breakout. We will wait for the green to continue continuously in the near future. Perhaps the market will gradually recover and stabilize in 2019.

Yesterday it reached $5,283 the highest we had for how long now,but right lets hope that this will continue until end year

I think it has long been predicted that if the relevance of Bitcoin increases, then investors will least pay attention to altcoin. Of course this does not apply ethereum. But nevertheless, if the government policy positively affects the cryptocurrency market, we will see very good results in the development of this market.

Johnzky

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Quote from: BitcoinHodler on April 02, 2019, 03:27:03 AM

once again the bitcoin price rise has led to a massive altcoin dump all over the altcoin market as they continue losing value against bitcoin and show red on the charts. interesting point is that the top coins with bigger market cap are dropping harder than the smaller coins which is probably due to the arbitrage opportunity between the ALT <> USD <> BTC which is also partly the reason for the ALT/USD small rise.

Bur just after almost 20 hours market turns back green again and now are red once more,isn’t it the best time for daytrading?Moving market prices ups and downs are best chance for us to recover from the losses that 2018 brings

Quote from: petermike on April 03, 2019, 12:36:17 PM

Bitcoin is rising continuously for the past few days. It's about $ 5,130. It's really impressive about this breakout. We will wait for the green to continue continuously in the near future. Perhaps the market will gradually recover and stabilize in 2019.

Yesterday it reached $5,283 the highest we had for how long now,but right lets hope that this will continue until end year

omonuyak

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Quote from: petermike on April 03, 2019, 12:36:17 PM

Bitcoin is rising continuously for the past few days. It's about $ 5,130. It's really impressive about this breakout. We will wait for the green to continue continuously in the near future. Perhaps the market will gradually recover and stabilize in 2019.

That is very important and bitcoin keep increasing and remain green throughout this month , that is going to influence other coins positively in future. The inflow of fiat into the market is what create the bull run in bitcoin and I do believe that this will continue.

dedi joni

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Quote from: Mux@ on April 04, 2019, 08:57:04 AM

When Bitcoin began to grow, capital from altcoins began to flow into Bitcoin. The balance in the total capitalization of the cryptocurrencies. So far it can be explained in this way. When more users invest their funds in this industry, then it will be more interesting to play, but the volatility of the market will be less, and therefore the income of traders will be less.

but there is a good side for those who hold bitcoin and some big assets. because the market growth that occurs will certainly bring in investors. the greater the incoming funds the greater the impact on the crypto market increase.

Pamadar

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Quote from: Mux@ on April 04, 2019, 08:57:04 AM

Quote from: diamond_shine1 on April 03, 2019, 10:20:05 AM

it looks like the altcoin holder is simultaneously switching to bitcoin so the altcoin falls. normally if the price of bitcoin is stable then the altcoin price adjusts the price

When Bitcoin began to grow, capital from altcoins began to flow into Bitcoin. The balance in the total capitalization of the cryptocurrencies. So far it can be explained in this way. When more users invest their funds in this industry, then it will be more interesting to play, but the volatility of the market will be less, and therefore the income of traders will be less.

It's been like that, each time bitcoin pumped the reactions coming from alt coins holders is to sell their assets and keep their bitcoin as it has
much bigger value in fiat currency, the nature of this industry will take that as long as there's a action/movements that will happen we will
expect bitcoin will do first then alts will follow.

Mux@

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Quote from: diamond_shine1 on April 03, 2019, 10:20:05 AM

it looks like the altcoin holder is simultaneously switching to bitcoin so the altcoin falls. normally if the price of bitcoin is stable then the altcoin price adjusts the price

When Bitcoin began to grow, capital from altcoins began to flow into Bitcoin. The balance in the total capitalization of the cryptocurrencies. So far it can be explained in this way. When more users invest their funds in this industry, then it will be more interesting to play, but the volatility of the market will be less, and therefore the income of traders will be less.

futile-resistance

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Quote from: pinoycash on April 03, 2019, 02:30:32 AM

Quote from: Cnut237 on April 03, 2019, 02:24:16 AM

I don't think the sudden BTC jump was that surprising. Prices had been moving steadily upwards for a couple of months, with any dips recovered almost immediately. We were due a breakout upwards. As usual, BTC leads, and then alts follow. So both increase vs fiat, but the initial stage is alts remaining relatively static whilst BTC goes up - which is why it translates as alts red against BTC at the start.

Yeah whenever BTC Pumps alts starts bleeding, But once everything stabilize alts will follow shortly. We can expect more people to jump in BTC bandwagon and dump their alts in favor of the king Bitcoin.

They are speedily trooping into this bandwagon and I see BTC reaching $5900 shortly because I believe that some few altcoins has followed BTC to increase, some investors will sell it off to buy more of Bitcoin and this will further make the price of some altcoins experience decline, this decline will be another good point of entry for those who are yet to invest in these altcoins because the moment those that sold there are done with BTC, the will pump in same money back into altcoins, forcing altcoins to follow this bull trend too. I am also waiting to take advantage of this and it happens soon.

bitgolden

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I think this was just a temporary one because I can see from coin marketcap that majority of them are green again, although this is not yet the time for altcoins and many who understand the market will see that, it’s best to convert altcoins to BTC now which has usually been the practice in the past once bitcoin start running on bull, and once they have taken enough profit they want from the Bitcoin bull market, they reinvest in these altcoins again.

So, the red you see might not necessarily mean that the altcoins market was fully abandoned or dumped, it’s just a strategy many people learnt to have both in their favor.

petermike

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Bitcoin is rising continuously for the past few days. It's about $ 5,130. It's really impressive about this breakout. We will wait for the green to continue continuously in the near future. Perhaps the market will gradually recover and stabilize in 2019.

xclusiveguy

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As expected when bitcoin soaring high all altcoins will go down, that's exactly what is happening right now, bitcoin is now $5100 from @4300 so it's much expected for the market to go red as everyone will wanna sell their altcoins to bitcoin alone

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