Topic: No one else can see that? (Read 127 times)

bitcoin volume has always been higher than altcoins!

what pump? a rise is not a pump!

market cap is price * supply and both are rising. basic math says when one side of the equation is multiplication of 2 numbers that both are rising the result also goes up!

wrong.
usually when bitcoin is rising, altcoins drop.
again: market cap = price * supply when price is going down their market cap goes down and since there are 1700+ altcoins most of which have billions of coins the result drops harder.

now on top of that we have the altcoin bubbles that are still with us thanks to last year's market wide altcoin pump which means they still need to get dumped harder to reach bottom.

when you sell your altcoin for bitcoin, it does NOT affect price of bitcoin!
for example you have 100,000 XRP and go on Binance and sell it for bitcoin. you get 6.13BTC. now if anything you now own bitcoin which you may sell for USD and crash bitcoin price. in other words the exact opposite of what you said is true meaning when someone sells his altcoins for bitcoin it is possible that bitcoin price is pulled down because they may sell some of the bitcoin they get for USD and crash the market.

It`s clear that the whole community is happy with the current week uptrend of the crypto market. However we can observe a very strange fenomenon I never seen before - last two days I`m trying to find someone else to comment on that but I`m not able to see such discussion online. What do I mean:

It`s the first time BTC volume is rising MORE than of the altcoins. After the initial pump at 17th when all coins jumped up, from 19th untill now the capitalisation of bitcoin is rising (and the price as well) when the marketcap and the price of the alts is going DOWN. It is very unusual: we have ever enlargement of the alt`s marketcap when the total marketcap is rising. It`s even one of the common ways to accumulate bitcoins trading them to alts and re-sell when we are up. The only explanation here is that we are into the very big hidden bearish trend. Seems that the very big players (call them whales if You want) are mass selling their altcoins for BTC after 18th which is the reason to keep BTC price high for now. Note that must be done in really huge volumes to start such downtrend for all leading alts during the total marketcap uptrend. Seems something like the final step of the game. Once they sell all, they will start to cash out BTC (from a pretty good start point to sell as I mentioned above alts-BTC trading volumes are keeping it relativelly high).. I`m expecting that time the BTC will go really low - may be between 3K-4K for a long time. BTW in the middle of June when BTC went down with $1000 for a couple of days is started with BCH fall - just on hour before BTC price to fall - again I didn`t find anyone to mention that - a clear sign for a big manipulation where the top players know exactly when the price will start to go down (bcz they controll that).

I`d like to see Your thoughts!