Market is RED reason》BTC is gaining

LeoEspansq

full member

Activity: 364

Merit: 100

Quote from: Poink on February 18, 2018, 10:39:53 AM

I just read one thread about the red market "blaming" Vitalik Buterin. I find that laughable.

The real reason is people are starting to bet on BTC again and selling alts even cheap. It always go through this cycle before the alts really take off. Some also use the opportunity to collect more alts later...sell now (high), buy later (low). It can be a good way to play but very risky. I used to do it but learned I don't have the nerve to be in that game.

Play it, or HODL...both are valid ways to go. Just don't panic, bullish market is coming...BTC first then alts (may dip a little but) will follow.

Bitcoin is already at the level of 11k and not everyone will start investing in it, so people will gradually move into alts. And there is a field for activities and experiments.

lablab03

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Activity: 1064

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Quote from: tora on February 18, 2018, 11:01:29 AM

True that altcoins are showing red not just against fiat but also bitcoin. Bitcoin has been having a good rise last few days so perhaps holders of alts have beenselling to buy bitcoin. No doubt once they make profit they will sell and buy back into alts.

IMO, maybe the reason why alternative coins is showing red in the market because Some of the alt holders selling into BITCOIN CASH because of its good news nowadays that tends also to rise, so perhaps that is the common reason why also bitcoin has been having a good rise last few days .

ocid

sr. member

Activity: 588

Merit: 256

Quote from: Poink on February 18, 2018, 10:39:53 AM

I just read one thread about the red market "blaming" Vitalik Buterin. I find that laughable.

The real reason is people are starting to bet on BTC again and selling alts even cheap. It always go through this cycle before the alts really take off. Some also use the opportunity to collect more alts later...sell now (high), buy later (low). It can be a good way to play but very risky. I used to do it but learned I don't have the nerve to be in that game.

Play it, or HODL...both are valid ways to go. Just don't panic, bullish market is coming...BTC first then alts (may dip a little but) will follow.

If we feel confident in all altcoin we have then there is no harm in choosing HODL or take the opportunity to buy altcoin at the time the price is down, certainly would not worry if we are accustomed to trading. on the contrary, we will get a bigger profit when the market back up.

captain8

member

Activity: 308

Merit: 10

I see BTC run coming before end of the month,

At which point most alts will be stagnant, everyone will jump on BTC, BTC will boost to say <15k

At which point BTC will remain stagnant and monies will flow to alts,

= 700bil global MC, and then gradual growth on the way to that 1 trill global MC!

Semaj123

member

Activity: 434

Merit: 10

Quote from: Hemady17 on February 19, 2018, 01:32:47 AM

Quote from: Poink on February 18, 2018, 10:39:53 AM

I just read one thread about the red market "blaming" Vitalik Buterin. I find that laughable.

The real reason is people are starting to bet on BTC again and selling alts even cheap. It always go through this cycle before the alts really take off. Some also use the opportunity to collect more alts later...sell now (high), buy later (low). It can be a good way to play but very risky. I used to do it but learned I don't have the nerve to be in that game.

Play it, or HODL...both are valid ways to go. Just don't panic, bullish market is coming...BTC first then alts (may dip a little but) will follow.

I think the confusing tweet from Vitalik will add weight in the continuing decline of the market if he also stated the reason why it will go back to the bottom. As of the moment these tweet might view by others as a big joke. Technical analysis says that it will continue to go up contrast to his tweet.

Vitalik is very known person so with every word he said would be a big impact to the crypto community. I agree with your last statement that what Vitalik says is an opposite. Soon btc will be slowly climbing and with the continue spreading of good news about btc it will continue to grow up.

coskunc

newbie

Activity: 238

Merit: 0

I believe (or want to believe) the market is stabilizing. There is a balance between alts and btc. You can check it for yourself too.
When btc goes up more than . for example. 10%, alts also have a bull run.
After a bull run when btc goes up slowly like 1% or %5, alts are generally red
The same happens for btc goes down version. Anyway, hope this bearish market ends soon.

qazgroup

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Activity: 1022

Merit: 20

RiveMont

Yes you are right, money is being transferred to btc we can check that easily by looking at btc dominance that has increased in last 10 days.

Dodoymabs

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Merit: 100

Quote from: preshpr1nce on February 18, 2018, 08:27:18 PM

This is all pretty normal, alts have slowed over the last 2 days while BTC has taken off, end result is people now have more faith in BTC so are selling alts.
Also it's a tiny dip, you'll see many many more of these throughout the year.

We already seen this kind of situation and yes this is normal behavior especially this is about market competitions. I rarely see btc and altcoin increasing together. It is more likely that when btw is high then expected that altcoin is low.

DogTheHunter

sr. member

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Merit: 272

It is very nice that the market is turning green today. The BTC dominance will rise again.

EastSound

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Activity: 1377

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Quote from: pageraji on February 18, 2018, 08:56:01 PM

a lot of people predict in march or april bullish coming on btc, but it will be hit like 20.000 $? who knows, stand and prepare your money, start for riding bull Grin

hopefully it will, im already prepared to sell my btc when that happens, been buying bitcoin when it went down to 8k this month Cheesy

Idrisu

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Activity: 924

Merit: 260

Quote from: Poink on February 18, 2018, 10:39:53 AM

I just read one thread about the red market "blaming" Vitalik Buterin. I find that laughable.

The real reason is people are starting to bet on BTC again and selling alts even cheap. It always go through this cycle before the alts really take off. Some also use the opportunity to collect more alts later...sell now (high), buy later (low). It can be a good way to play but very risky. I used to do it but learned I don't have the nerve to be in that game.

Play it, or HODL...both are valid ways to go. Just don't panic, bullish market is coming...BTC first then alts (may dip a little but) will follow.

I like this and your statement that "we should not panic, bullish time is coming". Many of us here cannot endure the drop of price of our bitcoin or altcoin especially if the price is going against our position in a hard way. Holding and holding for a very long time is the best way to make it in this market. Remember, bitcoin and others coins cannot keep going up or down, knowing this will safe us from all panic.

denny27

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Activity: 546

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★Bitvest.io★ Play Plinko or Invest!

And anyhow, the point is there are still a lot of people closer to bitcoin / crypto, who are still doing to buy when the price / market looks reddish, because after all., it can be the one strong answer to buy and after that., there will be increasing as well as considering with some predictions by some experts, that it will moving up.
Well yeah., no need to worrying about that redness, after a redness it certainly would be getting to a greener. For me, I'm also just keep holding to deal with it while enjoying the daily activities.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: Hemady17 on February 19, 2018, 01:32:47 AM

Quote from: Poink on February 18, 2018, 10:39:53 AM

I just read one thread about the red market "blaming" Vitalik Buterin. I find that laughable.

The real reason is people are starting to bet on BTC again and selling alts even cheap. It always go through this cycle before the alts really take off. Some also use the opportunity to collect more alts later...sell now (high), buy later (low). It can be a good way to play but very risky. I used to do it but learned I don't have the nerve to be in that game.

Play it, or HODL...both are valid ways to go. Just don't panic, bullish market is coming...BTC first then alts (may dip a little but) will follow.

I think the confusing tweet from Vitalik is will add weight for the continuing decline of the market if he also stated the reason why it will go back to the bottom. As of the moment these tweet might view by others as a big joke. Technical analysis says that it will continue to go up contrast to his tweet.

Better to do our own assessment instead of listening to someone who only deals with his own perceptions, if the market moves according to him it's because people do some panics but if we will just calmly understand the situations and continue to believe that the market will be healthy again then we are safe with any issue that may occur, this business needs a lots of patience and dedications if we are aiming for the best then we need also to do our best in order to succeed.

Getmon

sr. member

Activity: 1400

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Quote from: Poink on February 18, 2018, 10:39:53 AM

I just read one thread about the red market "blaming" Vitalik Buterin. I find that laughable.

The real reason is people are starting to bet on BTC again and selling alts even cheap. It always go through this cycle before the alts really take off. Some also use the opportunity to collect more alts later...sell now (high), buy later (low). It can be a good way to play but very risky. I used to do it but learned I don't have the nerve to be in that game.

Play it, or HODL...both are valid ways to go. Just don't panic, bullish market is coming...BTC first then alts (may dip a little but) will follow.

I guess you are generally right in your way of looking at the market trend right now. Blaming Vitalik Buterin is a far-fetched idea. It is pointless. The man is a very strong advocate of cryptocurrency and he knows what will happen to the entire crypto market if he begins to go against it. Betting on Bitcoin right now is the best idea since it has lost a good deal of value in the past several weeks. And since it has already began to go up, it is but natural that people will think that the red days are gone and it is time for the green to take place, thus the shift to Bitcoin.

Hemady17

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Activity: 505

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Quote from: Poink on February 18, 2018, 10:39:53 AM

I just read one thread about the red market "blaming" Vitalik Buterin. I find that laughable.

The real reason is people are starting to bet on BTC again and selling alts even cheap. It always go through this cycle before the alts really take off. Some also use the opportunity to collect more alts later...sell now (high), buy later (low). It can be a good way to play but very risky. I used to do it but learned I don't have the nerve to be in that game.

Play it, or HODL...both are valid ways to go. Just don't panic, bullish market is coming...BTC first then alts (may dip a little but) will follow.

I think the confusing tweet from Vitalik will add weight in the continuing decline of the market if he also stated the reason why it will go back to the bottom. As of the moment these tweet might view by others as a big joke. Technical analysis says that it will continue to go up contrast to his tweet.

Nikobitkoint54097

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Activity: 182

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Blockchain Identity Verification

Quote from: Poink on February 18, 2018, 10:39:53 AM

I just read one thread about the red market "blaming" Vitalik Buterin. I find that laughable.

The real reason is people are starting to bet on BTC again and selling alts even cheap. It always go through this cycle before the alts really take off. Some also use the opportunity to collect more alts later...sell now (high), buy later (low). It can be a good way to play but very risky. I used to do it but learned I don't have the nerve to be in that game.

Play it, or HODL...both are valid ways to go. Just don't panic, bullish market is coming...BTC first then alts (may dip a little but) will follow.

Totally agree! Do not now sell altcoyins to yourself at a loss, in pursuit of bitcoin! This is not profitable, since the price of bitcoin is very high, and the altcoyins will have to be given practically for nothing!

vanmoreno

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i think vitalik says absolutely right about cryptocurrency especially ICO in ethereum network..

MasterMoon

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Quote from: Poink on February 18, 2018, 10:39:53 AM

I just read one thread about the red market "blaming" Vitalik Buterin. I find that laughable.

The real reason is people are starting to bet on BTC again and selling alts even cheap. It always go through this cycle before the alts really take off. Some also use the opportunity to collect more alts later...sell now (high), buy later (low). It can be a good way to play but very risky. I used to do it but learned I don't have the nerve to be in that game.

Play it, or HODL...both are valid ways to go. Just don't panic, bullish market is coming...BTC first then alts (may dip a little but) will follow.

It's normal dont' worry due to weekend sell and you are right this was the cycle before over and over again because of the traders and liquidating and on the rest. But for us this the perfect time to buy on dip and take profit when happy. Just always go with the flow or ride with the waves don't fight it and don't panic. Goodluck everyone.

pageraji

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a lot of people predict in march or april bullish coming on btc, but it will be hit like 20.000 $? who knows, stand and prepare your money, start for riding bull Grin

preshpr1nce

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This is all pretty normal, alts have slowed over the last 2 days while BTC has taken off, end result is people now have more faith in BTC so are selling alts.
Also it's a tiny dip, you'll see many many more of these throughout the year.

Topic: Market is RED reason》BTC is gaining (Read 352 times)