Topic: Money flowing out of BTC into Altcoins - page 2. (Read 1663 times)
this happens usually when bitcoin is experiencing a sideways, where currently slowly money goes into altcoins without aggressively moving the price of bitcoin, and it looks very rapid development of altcoins, they are also called altcoin season.
That is the thing in crypto. There is only one indicator, Bitcoin. As investors have earned chunks of money, half of it they tend to reinvest to upcoming crypto potentials. Thus increasing their portfolio on cryptocurrency.
In my opinion, it is better not to liquidate your bitcoins. If you want to invest in altcoins you better use a small number of your bitcoins to buy some altcoins which have strong fundamentals. No one knows for sure if bitcoin has reached its peak, it could be that in the future the price of bitcoin will continue to increase. therefore it is better for you to save bitcoin
Liquidating or converting all of bitcoins into altcoins, that's not a wise thing to do. You're like throwing your money and do not have plans of getting them back.A small part of your bitcoin to be sold for altcoins, I don't think it's also a good idea. It's better if you're going to have an allocated budget for it when you buy altcoins.
In my opinion, it is better not to liquidate your bitcoins. If you want to invest in altcoins you better use a small number of your bitcoins to buy some altcoins which have strong fundamentals. No one knows for sure if bitcoin has reached its peak, it could be that in the future the price of bitcoin will continue to increase. therefore it is better for you to save bitcoin
we have to select which portofolio will get biggest allocation from total capital in our bag. Bitcoin or major coins should get biggest portion, personally i am prefer 25% in bitcoin and 75% left spreaded in major altcoin such as eth bnb sol and some in new project that i researched and deeply analized before. Holding altcoin actually give us bigger profits when its price pumped. we have additional value when in btc rate increase ,so we will have more btc if sell it and just waiting btc rate to dollar increase. 
In my opinion, it is better not to liquidate your bitcoins. If you want to invest in altcoins you better use a small number of your bitcoins to buy some altcoins which have strong fundamentals. No one knows for sure if bitcoin has reached its peak, it could be that in the future the price of bitcoin will continue to increase. therefore it is better for you to save bitcoin
The high valuations of various altcoins are not justified by their userbase, volumes or acceptability. Bitcoin remains as the no.1 cryptocurrency in terms of these parameters, and the gap between Bitcoin and the other alts is just too huge. That means that the current valuation of various alts are inflated. Even for the most acceptable alts such as ETH and BNB, the acceptability and mainstream usage is just a fraction of what BTC currently commands. And for other alts such as XRP, DOGE and ADA, the parameters are too low even for a meaningful comparison.
when bitcoin goes up, we can see that there are several altcoins that follow the increase significantly, and not all altcoins experience it. it is possible that in addition to money from altcoins moving to bitcoin, it can happen because of the many new investors who enter this market, and after that many people sell bitcoins because they have made a profit, so they buy altcoins that are still cheap with the aim of getting a profit back
When new investors enter the cryptocurrency market, they look for an asset that can give the same returns that Bitcoin provided in the last 7-8 years. When they get to know that alts such as Cardano and Polkadot are having algorithms that are much more advanced when compared to Bitcoin, the tendency is to go for investment with these coins. What they fail to notice is that in terms of security, these coins trail Bitcoin by a lot. The PoW algorithm used by Bitcoin offers a level of security, that can't be matched by any other altcoin.
the strategy that many investors do is like what you said.
but sometimes some prefer altcoins over bitcoin. the strongest adoption is still in bitcoin, but as more people are leaving bitcoin with profits and switching to altcoins I don't think that's entirely the case.
people who play in bitcoin definitely with big capital. after profit, they know there will be a correction that will affect the altcoins as well. it would be bad if they kept it in altcoins. the choice is stable coin adoption which increases as many investors profit from bitcoin.
I think the increasing adoption of altcoins is coming from something new, not because bitcoin investors are turning their money to altcoins.
those who are switching from bitcoin to alt coins are just diverting some investment, knowing that there's an opportunities
to grab som good amount of profits when market moves according to their target directions, and I agree that it's not a permanent
they'll going to cash it back to Bitcoin when they see good movement from this crypto originator. Bitcoin investors are wise enough
to play along with this market.
It's been the law of cryptocurrency, money is always spinning, from bitcoin to altcoins, and vice versa, when bitcoin goes up then a lot of altcoins go down, because the volume that exists in altcoins will be moved to bitcoin. but strangely enough, altcoins will also go down when bitcoin goes down, I think here they save their money. until the altcoin trend returns they just enter to trade.
when bitcoin goes up, we can see that there are several altcoins that follow the increase significantly, and not all altcoins experience it. it is possible that in addition to money from altcoins moving to bitcoin, it can happen because of the many new investors who enter this market, and after that many people sell bitcoins because they have made a profit, so they buy altcoins that are still cheap with the aim of getting a profit back but sometimes some prefer altcoins over bitcoin. the strongest adoption is still in bitcoin, but as more people are leaving bitcoin with profits and switching to altcoins I don't think that's entirely the case.
people who play in bitcoin definitely with big capital. after profit, they know there will be a correction that will affect the altcoins as well. it would be bad if they kept it in altcoins. the choice is stable coin adoption which increases as many investors profit from bitcoin.
I think the increasing adoption of altcoins is coming from something new, not because bitcoin investors are turning their money to altcoins.
It's been the law of cryptocurrency, money is always spinning, from bitcoin to altcoins, and vice versa, when bitcoin goes up then a lot of altcoins go down, because the volume that exists in altcoins will be moved to bitcoin. but strangely enough, altcoins will also go down when bitcoin goes down, I think here they save their money. until the altcoin trend returns they just enter to trade.
when bitcoin goes up, we can see that there are several altcoins that follow the increase significantly, and not all altcoins experience it. it is possible that in addition to money from altcoins moving to bitcoin, it can happen because of the many new investors who enter this market, and after that many people sell bitcoins because they have made a profit, so they buy altcoins that are still cheap with the aim of getting a profit back
I changed from Bitcoin to altcoin because I want to do short-term, but it is recommended that you always hold Bitcoin and don’t exchange Bitcoin for altcoins. You can invest in valuable altcoins. If you want to invest in altcoins with a relatively large range, Be sure to understand the trend of the coin and don’t lose money because of it.
I don’t think that any altcoins apart from ETH can replace BTC. Talking about the current situation, people often want just fast incomes so they invest in altcoins that can increase by 100 times easily. And it is impossible for bitcoin because of its huge market cap now.
My opinion is that we should just hodl bitcoin as it can be profitable in the long-term.
My opinion is that we should just hodl bitcoin as it can be profitable in the long-term.
I don't even know, it doesn't seem like altcoins would react positively.
Personally, many of my friends managed to pour their bitcoins and other currencies into stablecoins, and those who did not have time now are pouring from altcoins into bitcoin, but are not going to fix it.
Personally, it seems to me that the situation is now quite borderline, my forecast is that we will dive deeper.
Personally, many of my friends managed to pour their bitcoins and other currencies into stablecoins, and those who did not have time now are pouring from altcoins into bitcoin, but are not going to fix it.
Personally, it seems to me that the situation is now quite borderline, my forecast is that we will dive deeper.
Right now No!, there's no flowing of money from bitcoin to altcoin, everyone is shorting and taking a quick profits. Almost all coins are bleeding still, despite the thought that investors are just shifting funds, and so this is not the case. Perhaps they have the money right now, and just holding it and willing to re-invest if the market seems to be ok.
So far the miner news from China has still some effect on us, bitcoin's hash rate is going down and maybe some of the miners are selling their bitcoin themselves because at some point, they need the money to survived if they decided to shift business.
I don't even know, it doesn't seem like altcoins would react positively.
Personally, many of my friends managed to pour their bitcoins and other currencies into stablecoins, and those who did not have time now are pouring from altcoins into bitcoin, but are not going to fix it.
Personally, it seems to me that the situation is now quite borderline, my forecast is that we will dive deeper.
Personally, many of my friends managed to pour their bitcoins and other currencies into stablecoins, and those who did not have time now are pouring from altcoins into bitcoin, but are not going to fix it.
Personally, it seems to me that the situation is now quite borderline, my forecast is that we will dive deeper.
There is still no Bitcoin reversal pattern to be seen. Important resistance levels remain unbreakable. There is practically no reaction to the positive news, with the exception of El Salvador. And the reaction to negative news is strong, so the price for 26-28k looks quite real.
Bitcoin has been and remains the main engine of the crypto market. Everything is somehow connected with the news background around the main cryptocurrency and it is unlikely that something can change in the near future.
True, Bitcoin has remained to be the number one cryptocurrency even though it fell a big percent since start of May. Right now, people still prefer to buy Bitcoin, and from the looks of it Bitcoin might stay at the 38 to 40 price as its normal price now, compared to what the price was in 2020. But many are also speculating that Bitcoin might fall further into the 20,000 dollar range and in case that happens, I do hope that it will stay there and all of us will simply wait for another ATH.
Yes, I would say so. There are two reasons. First reason is, bitcoin dominance. It's was decreased to around 48 percent. Second reason is that the investment growth. Parts say btc have 5x or 6x since couple of months. However, few actions have more than 50x. Even if we look at eth, it gave around 20x returns. Having said so, the bill train was due to btc only.
Bitcoin has been and remains the main engine of the crypto market. Everything is somehow connected with the news background around the main cryptocurrency and it is unlikely that something can change in the near future.
I'm just wondering whether BTC has hit it's peak for this cycle. It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.
while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.
There has not been in history the price of Alt rising without being started by Bitcoin. YFI tried to do this, but it did not hold up well. What does it mean? The biggest opportunity is in Bitcoin.
With the arrival of stablecoins on the market, the situation has changed dramatically compared to 2017. After the fall of bitcoin, altcoins continued to grow, because all the capital was transferred directly into them. And now, almost everything is against the dollar, so altcoins also fell very strongly.
I'm just wondering whether BTC has hit it's peak for this cycle. It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.
You think, money flowing out from bitcoin to altcoins then will return to bitcoin! Total marketcap history isn't the same as you think. Now a total of 1.10 trillion marketcap is gone, I don't know from where this money came and gone. Bitcoin was stuck for two months. Maybe Bitcoin could be here for a few months. Some investors took profit, some will take from the next cycle. while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.
Jump to: