Topic: Money flowing out of BTC into Altcoins - page 4. (Read 1685 times)
With the money flowing out of Bitcoin, that means Bitcoin dominance is reducing. Considering what happened in the last altcoins season. I think we are about to have another altcoins season too, because the money flowing out of Bitcoin would be invested in altcoins.
If, indeed, the cycles of bitcoin and altcoins tend to repeat themselves, then we are in a situation in September 2017 or January 2018. I think the situation will clear up in 1-2 weeks. But I am more inclined towards the first variant of correction and continued growth.
I don't think that what is happening now is the end of bitcoin, there will be a time when this continuous correction is a natural thing in my opinion and this is not the end of bitcoin, but this is just my opinion I don't know if others consider it the end or no.
for advice to you you should keep your assets in both in the sense of altcoin you keep in bitcoin even if you have assets that you manage I am sure this will be better for your future.
because this is your chance in storing your treasure so that you will be calmer in the future
for advice to you you should keep your assets in both in the sense of altcoin you keep in bitcoin even if you have assets that you manage I am sure this will be better for your future.
because this is your chance in storing your treasure so that you will be calmer in the future
It is a known fact that the dominance of Bitcoin has been reduced drastically in last few weeks. Hence, the focus and the edge have been shifted towards the alt-coins. But with the recent news related to the decisions taken by a prominent car manufacturer and some sort of investigations against a well-known exchange, have created uncertainty among the community. But no-one can predict exactly on market movements whhich may take place in next few days.
Bitcoin is the best crypto to keep for the long term but it's obvious that some altcoins would give better ROI than BTC over the years. So it's advisable that you have some extra cash to invest in good altcoins with long term perspectives.
Bitcoin is the best crypto to keep for the long term but it's obvious that some altcoins would give better ROI than BTC over the years. So it's advisable that you have some extra cash to invest in good altcoins with long term perspectives.
for traders, it's normal to switch coins to make a profit, if you won't do that it might result in losses since cryptocurrency is volatile, if you will just stay to a single coin for the rest of the bull run that might be a good idea because you might not get any profit at all, which means at the end of the season, your holdings is smaller than before since you never explore any coins with probability to go up.
We have long predicted that when bitcoin stops in price growth for a while, capital will flow into altcoins. We see this already now and this is absolutely normal. The cryptocurrency market develops cyclically and this is one of the stages of such a cycle. At the same time, these cycles are not just repeating, at the same time there is a spiral development, so the ratio between bitcoin and altcoins can and will change. In any case, it will be for the benefit of the cryptocurrency market. We have seen a dramatic loss of dominance of Bitcoin in last few weeks. That suggests that the people tend to invest more on high-yield alt-cons as the investors started to believe on the arrival of alt-season in the near future. As a result, more money will flow out of BTC into altcoins.
The opposite might happening right now, not the alt season that favors the investors but the season where bear
are now taking the market away from the bull, it's a huge fall now from those top alts that acquired good run
after bitcoin hypes up and bring the market to a much better position, still in the hands of strong investors to
keep things up accordingly.
We have seen a dramatic loss of dominance of Bitcoin in last few weeks. That suggests that the people tend to invest more on high-yield alt-cons as the investors started to believe on the arrival of alt-season in the near future. As a result, more money will flow out of BTC into altcoins.
The opposite might happening right now, not the alt season that favors the investors but the season where bear
are now taking the market away from the bull, it's a huge fall now from those top alts that acquired good run
after bitcoin hypes up and bring the market to a much better position, still in the hands of strong investors to
keep things up accordingly.
We have seen a dramatic loss of dominance of Bitcoin in last few weeks. That suggests that the people tend to invest more on high-yield alt-cons as the investors started to believe on the arrival of alt-season in the near future. As a result, more money will flow out of BTC into altcoins.
I also estimate that, btc is stable and some altcoins go up / down very drastically so in conclusion people are transacting in altcoins but maybe after a long silence btc will suddenly move, so you have to determine wisely if you want to turn.
At first only bitcoin was pumped. As a result, the focus of all investors was on Bitcoin. Now Altcoin is being pumped. So now people are investing in Altcoin in the hope of more profit. Maybe after the price of Altcoin reaches a certain level, Bitcoin will be pumping again. 
By buying altcoins with BTC, you can increase the amount of bitcoin in your wallet. I believe that I have very successfully exchanged my BTC for ETH, and now if I sell ethereum, I will get almost 3 times more BTC than it was before. But it is still too early to do this, while the altcoin season continues.
It doesn't work every time and there is always a risk involved of losing BTCs.
I'm a BTC HODLer for 9 years so in the long run my earnings are better anyway.
No headaches for me, I prefer to be relaxed instead and keep the green monster named greed away.
BTC will go to $1xx,xxx sooner or later and that will probably be enough for my needs.
Using bitcoin hodl, you have increased the value of your capital in dollars, but the number of coins you have remained the same. My strategy is different from yours, I transferred my BTC to ethereum and thus increased the number of BTC coins on my balance by 3 times. Yes, it's risky, but the result is worth it.
Altcoins previously arrived at their pinnacle cost and you are just facing a major challenge by changing over your bitcoin to the altcoin. As I noticed large numbers of the capital additionally streaming to BSC to subsidize those somewhat inferior quality undertakings where they could floor covering pull whenever and I genuinely don't figure they could be supportable for long haul. It goes on for over two years now, with the main year being moderate and a gathering stage, however later particularly after the splitting everything began siphoning.
I think there is more room for this year, it's still in the middle of Q2 and usually btc will go up in Q3 or Q4 every year, so just be patient and wait for it to continue but you can also close your btc for now and switch to altcoins, it all depends your decision, people will only give their opinion.
For me this is not the right time to switch from bitcoin to altcoin,even so people's decisions are also different and we shouldn't just make decisions,
Of course, in making decisions, of course you need market analysis and others and I think that is important
Bitcoin is the safest haven, so just hold your bitcoin but investing in some altcoins are also a good thing, just don't do what you are planning to do, maybe if you have earned money in the next day then use it for investing in another altcoin, the best altcoin, for now, to invest for me is still Doge, XRP, BNB and Shiba. I am now currently holding some little amount of money for those altcoins, I am planning to cash it out before the year ends, but I am still sending funds in it whenever I earn some money in my extra job.
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.
Money is flowing to altcoin because of decreasing BTC dominance. We may see more spikes on altcoin but at some points again BTC will pump and altcoin will go down. These happen in 2014 and 2017 as well. This cycle of alt season happens often in the crypto space and those who are in crypto from 2017 know what to do now and what will happens next.
As the altcoin season is finally here, it's expected that money will flow to altcoins but it will not live bitcoin worthless, bitcoin is still a coin to watch. The hype is so high at the moment, so FOMO is happening and whatever coin is hype, people follow it.
just like the old days, after this altcoins season, investors will slowly go back to bitcoin as it's the most stable coin in the market and the dominant rate of bitcoin will again rise to 50% to 60%.
as of this writing, the BTC dominance rate is only 42%
just like the old days, after this altcoins season, investors will slowly go back to bitcoin as it's the most stable coin in the market and the dominant rate of bitcoin will again rise to 50% to 60%.
as of this writing, the BTC dominance rate is only 42%
I think there is more room for this year, it's still in the middle of Q2 and usually btc will go up in Q3 or Q4 every year, so just be patient and wait for it to continue but you can also close your btc for now and switch to altcoins, it all depends your decision, people will only give their opinion.
I think bitcoin is very good to hold in the long run, because bitcoin can be mined out and of course the price will potentially be very high, but on the other hand people won't wait too long for that to happen, so they prefer altcoins which has a much faster movement
Yes, it was but sometimes people never think about it instead they'll become more practical in a way that investing in altcoins will multifold their money for many times far from what they could get from Bitcoin. Kinda crazy right? But as a natural person, that is what we are absolutely be thinking of. We can't ignore this possibility that people are jumping off from Bitcoin and finding their bigger chance on the altcoins. But sooner or later, they be going back to Bitcoin. 
Ethereum is capturing much of bitcoin cap! And I have seen altcoin that have 1000x from last year! However, I still believe bitcoin might hit 100k by the end of the year. The way money is flowing out to is the same way it will flow back to btc but this time with more!
Jump to: