No year of altcoins coming. All the big money is pouring into bitcoin. - page 2.

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Quote from: Tekunda on February 20, 2021, 06:23:01 AM

With the stratospheric rise of Bitcoin the altcoins should move big time as well.
But they do not and will not move, as all the institutional money is pouring into bitcoin.
We won't see a "year of the altcoins" for a very long time, at least not before bitcoin has reached one million.

I dont think that it is true cause upon observing the pattern of every bull runs, it is always true that after the bitcoin domination, altcoin season will follows.

I always wonder what parameter to determine whether the current time is the year of altcoin or the altcoin season because I honestly think the meaning is truly relative to everyone, as you know the altcoins are already following bitcoin bullrun ever since and have gone up thousand if not hunder percent from its price in the previous year and many people still saying that the alt season hasn't come yet.
If what people means by altcoin is where there's no single altcoin that are dumping then that's a little bit too dreamy.

sadewa69

full member

Activity: 700

Merit: 100

Quote from: dhemasm on April 02, 2021, 02:06:28 AM

Quote from: Handsome Boy on April 01, 2021, 05:06:20 PM

I think you are wrong, because in my opinion this is the year of cryptocurrency, so not only the price of Bitcoin increase very high, but the price of altcoin has also increase very high, because many altcoin have reached the new ATH price, so I think the price of altcoin is also moving like Bitcoin (increase very high) and I hope that the current market conditions will occur for a long time, so that we can get a lot of profit from investing in cryptocurrency.

He/she not entirely wrong i suppose, When Bitcoin bulls happen some altcoin will remain stagnant or dumped since some traders, investor, whales, etc while pouring their money to Bitcoin but on current market Trend it's pioneered by DeFi which coming from Ethereum Network and from my opinion Bull Run Splitted between Bitcoin and Altcoin Especially with Smart Contract Like Ethereum, BSC, TRX, MATIC, etc. That alts reaching it's new ATH Which is a good sign for crypto market.

that event occurred when many people would follow the hype or rally carried out by bitcoin. Altcoin momentum will be created when bitcoin's dominance in the market begins to stabilize and the price will not experience rapid changes. moments like that altcoin momentum can get a pump.
we have seen a lot of bitcoin pump events on the market. and it happened that some brought altcoins in the pump and some left them at the bottom. this is tied to the dominance of trading in the market.

dhemasm

full member

Activity: 1829

Merit: 134

Moderator

Quote from: Handsome Boy on April 01, 2021, 05:06:20 PM

I think you are wrong, because in my opinion this is the year of cryptocurrency, so not only the price of Bitcoin increase very high, but the price of altcoin has also increase very high, because many altcoin have reached the new ATH price, so I think the price of altcoin is also moving like Bitcoin (increase very high) and I hope that the current market conditions will occur for a long time, so that we can get a lot of profit from investing in cryptocurrency.

He/she not entirely wrong i suppose, When Bitcoin bulls happen some altcoin will remain stagnant or dumped since some traders, investor, whales, etc while pouring their money to Bitcoin but on current market Trend it's pioneered by DeFi which coming from Ethereum Network and from my opinion Bull Run Splitted between Bitcoin and Altcoin Especially with Smart Contract Like Ethereum, BSC, TRX, MATIC, etc. That alts reaching it's new ATH Which is a good sign for crypto market.

Argoo

sr. member

Activity: 2352

Merit: 245

Quote from: ?? on ??

Quote from: Tekunda on February 20, 2021, 06:23:01 AM

With the stratospheric rise of Bitcoin the altcoins should move big time as well.
But they do not and will not move, as all the institutional money is pouring into bitcoin.
We won't see a "year of the altcoins" for a very long time, at least not before bitcoin has reached one million.

I dont think that it is true cause upon observing the pattern of every bull runs, it is always true that after the bitcoin domination, altcoin season will follows.

During the period of bitcoin price growth since December last year, most altcoins have also appreciated well in price. Therefore, there is a prospect for the development of altcoins. Bitcoin will not continue to rise in value. After a while, all the same, its growth will stop, and then it is most likely that capital will begin to flow from bitcoins to altcoins. Therefore, I think that we will still see the altcoin season.

Handsome Boy

copper member

Activity: 812

Merit: 12

I ❤ ₿itcoin and Ethereum

Quote from: Tekunda on February 20, 2021, 06:23:01 AM

With the stratospheric rise of Bitcoin the altcoins should move big time as well.
But they do not and will not move, as all the institutional money is pouring into bitcoin.
We won't see a "year of the altcoins" for a very long time, at least not before bitcoin has reached one million.

I think you are wrong, because in my opinion this is the year of cryptocurrency, so not only the price of Bitcoin increase very high, but the price of altcoin has also increase very high, because many altcoin have reached the new ATH price, so I think the price of altcoin is also moving like Bitcoin (increase very high) and I hope that the current market conditions will occur for a long time, so that we can get a lot of profit from investing in cryptocurrency.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: South Park on April 01, 2021, 03:47:47 PM

Quote from: tabas on March 31, 2021, 06:18:36 PM

I'm a bitcoin investor but as long as the bitcoin dominance won't go as high as 80%-100%. There's still money that goes to the altcoins market. The current bitcoin dominance is around 58.6% and the highest that I've seen was around 72% CMIIW.
Even the institutions are also betting in for some altcoins, only good altcoins.

There is a lot of money riding on altcoins but a great deal of the market cap that we see is fake, after all if a coin sells for 10 dollars and there is 10 million of those coins suddenly it seems as if the coin has 100 millions on market cap but when you take a look at the volume you see only a few hundreds of dollars are being exchanged each day and this is a clear indication the market cap is a bad metric to measure how much money is invested in altcoins at any given time.

BTW I got your fNFT tabas-II.

Oh, that's great! haha.
Going back, big money that goes in and big money that comes out. That's why if you're going to hear a story of someone that have invested a lot of money and got rekt, he's into altcoins.
Those pump and dump got them badly.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: tabas on March 31, 2021, 06:18:36 PM

I'm a bitcoin investor but as long as the bitcoin dominance won't go as high as 80%-100%. There's still money that goes to the altcoins market. The current bitcoin dominance is around 58.6% and the highest that I've seen was around 72% CMIIW.
Even the institutions are also betting in for some altcoins, only good altcoins.

There is a lot of money riding on altcoins but a great deal of the market cap that we see is fake, after all if a coin sells for 10 dollars and there is 10 million of those coins suddenly it seems as if the coin has 100 millions on market cap but when you take a look at the volume you see only a few hundreds of dollars are being exchanged each day and this is a clear indication the market cap is a bad metric to measure how much money is invested in altcoins at any given time.

BTW I got your fNFT tabas-II.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

I'm a bitcoin investor but as long as the bitcoin dominance won't go as high as 80%-100%. There's still money that goes to the altcoins market. The current bitcoin dominance is around 58.6% and the highest that I've seen was around 72% CMIIW.
Even the institutions are also betting in for some altcoins, only good altcoins.

conected

hero member

Activity: 1302

Merit: 503

Quote from: Kasabus on March 31, 2021, 09:30:15 AM

I don't blame people for investing in Bitcoin only, not with the altcoins because whether we like it or not, Bitcoin will be the first choice to anyone who came in crypto and they think that they were never disappointed in the end. And absolutely they are not wrong with that beliefs.
Throwback to the 2017 event in which a lot of people are investing in ICO projects but unfortunately, they mostly suffered big losses as the dumps come quickly after Bullrun. And from that, they think that this will happen again and again, and that gives them a reason to stay away from altcoins but just to focus on Bitcoin alone.

- Well, trying to live with altcoins in the past, account drops by more than half are at least and most of the victims realized that the final destination of this market was still bitcoin, the altcoin only factors the crypto scene to become more harmonious around bitcoin, according to the statistics over the years there is really no outstanding year for altcoins. Psychology of not wanting loss leads to this result, instead of expressing dissatisfaction and frustration on this matter, we should still be happy when altcoin sublimation is relatively random, there is no need to be all at once, some emphasis is sufficient

Kasabus

hero member

Activity: 2814

Merit: 576

I don't blame people for investing in Bitcoin only, not with the altcoins because whether we like it or not, Bitcoin will be the first choice to anyone who came in crypto and they think that they were never disappointed in the end. And absolutely they are not wrong with that beliefs.
Throwback to the 2017 event in which a lot of people are investing in ICO projects but unfortunately, they mostly suffered big losses as the dumps come quickly after Bullrun. And from that, they think that this will happen again and again, and that gives them a reason to stay away from altcoins but just to focus on Bitcoin alone.

Emitdama

sr. member

Activity: 1914

Merit: 328

Quote from: Tekunda on February 20, 2021, 06:23:01 AM

With the stratospheric rise of Bitcoin the altcoins should move big time as well.
But they do not and will not move, as all the institutional money is pouring into bitcoin.
We won't see a "year of the altcoins" for a very long time, at least not before bitcoin has reached one million.

I don’t know when, but for like a year now the price of some altcoins has been steady on rise, and some of them have broken their last ATH record. So let’s keep watching and see where it goes.

Although I used to think that the altcoins seasons has come and passed with the DeFi trend; if I’m right DeFi has been trending since last year and all know very well how most of the DeFi coins had a really huge run and reached high prices more than we all expected. Maybe that’s the ALTCOIN season you’re looking for , maybe it has happened. And right now what we have the Bitcoin season, a lot of investors are now investing in it. It goes in a circle.

bitcon

legendary

Activity: 2212

Merit: 1008

Bitcoin will not go down at all. I see no reason to wait for something. There was a period when alcoins went down a bit, that's when it was necessary to buy some coins.

And if there is no recession for a long time, what can we expect? This year is completely different from the previous ones, therefore, despite attempts to predict what will happen next, it is better to keep an eye on the situation. But what is happening today can be radically different from what we will observe at the end of the year. Therefore, it is too early to draw conclusions.

DU18

sr. member

Activity: 1694

Merit: 268

Binance #SWGT dan CERTIK Audited

Quote from: raji1995naya on March 21, 2021, 09:16:57 AM

Everything you have to do now is wait for the BTC to cool down. When these big moves don't happen every day, it's time for a bull run. However, several institutions are still involved in ALTS. So, if we get into those ALTs, we should be able to make a profit.

many people estimate that bitcoin dominance is only in a short time when bitcoin was able to break its highest price some time ago but the fact is that now bitcoin dominance continues to persist and of course this greatly affects the movement of altcoin prices below it, many investors and traders buy BTC with using altcoin pairs such as BNB and also Eth and of course this has an impact on the increasing supply that occurs in altcoins, making altcoin prices seem reluctant to move higher.

Bitstar_coin

hero member

Activity: 2478

Merit: 695

SecureShift.io | Crypto-Exchange

Agreed, this time not all the alts where able to perform like some of the alts that gave x10 and above to the investors, I think most of the Defi project pump and some few old projects like ada, Enjin,
This year bull run is mostly focus on btc, big corporations are investing heavily on btc which is why the price has not really done a huge crash.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: k@suy on March 12, 2021, 12:59:41 PM

Quote from: imstillthebest on March 12, 2021, 08:38:36 AM

thats a long year of waiting if the only way for altcoins to bloom is when btc reach 1 million dollars .
altcoin hodlers are going to get tired of waiting for that golden event to happen and they will definetly sold out thier alts and join the bitcoin bandwagon but why wait forever anyway when you can earn right away upon investing in bitcoin .
it all started with btc and it will going to end with btc . sorry my fellow altcoins

We used to watch how Bitcoin price flatuates actively and good thing it impresses us, impresses new investors and huge name personality in the world of real business but what have we also watched happening in altcoin was a total opposite of bitcoin. Though we may see it rising but not like bitcoin. However, there is also a good thing happens to altcoin whenever bitcoin price gets up, and also happen to altcoin too, it does gets a green arrow indication but maybe we were going to wait for a quite long time before we can say that this yeaf is for altcoin finally.

Altcoins still give us chances to make profits but eventually not all of them turns into bullish even if we always say when bitcoin goes up, altcoins will sure to follow. This year is still a good year for bitcoin and if this will continue to happen, potential altcoins will also be profitable. Altcoin's year will still be visible hopefully at the end of this year.

X-ray

hero member

Activity: 3066

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: raji1995naya on March 21, 2021, 09:16:57 AM

Everything you have to do now is wait for the BTC to cool down. When these big moves don't happen every day, it's time for a bull run. However, several institutions are still involved in ALTS. So, if we get into those ALTs, we should be able to make a profit.

I think that it's not only he but we should not even wait until bitcoin goes down. The year for altcoin is also happening at the same time with the time of bullish trend that happened with bitcoin. So many institutions were interesting to create partnership with so many legit projects that already developer useful product on altcoins.
That doesn't make sense to see the money was only going to the bitcoin and the money already spread to the all of the market in the crypto.

raji1995naya

member

Activity: 812

Merit: 10

Everything you have to do now is wait for the BTC to cool down. When these big moves don't happen every day, it's time for a bull run. However, several institutions are still involved in ALTS. So, if we get into those ALTs, we should be able to make a profit.

k@suy

sr. member

Activity: 882

Merit: 269

Quote from: imstillthebest on March 12, 2021, 08:38:36 AM

thats a long year of waiting if the only way for altcoins to bloom is when btc reach 1 million dollars .
altcoin hodlers are going to get tired of waiting for that golden event to happen and they will definetly sold out thier alts and join the bitcoin bandwagon but why wait forever anyway when you can earn right away upon investing in bitcoin .
it all started with btc and it will going to end with btc . sorry my fellow altcoins

We used to watch how Bitcoin price flatuates actively and good thing it impresses us, impresses new investors and huge name personality in the world of real business but what have we also watched happening in altcoin was a total opposite of bitcoin. Though we may see it rising but not like bitcoin. However, there is also a good thing happens to altcoin whenever bitcoin price gets up, and also happen to altcoin too, it does gets a green arrow indication but maybe we were going to wait for a quite long time before we can say that this yeaf is for altcoin finally.

Wahyuihib

member

Activity: 601

Merit: 10

Artemis

Yes, right. because if bitcoin continues to experience an increase, what is clear is that alt owners will flock to exchange their assets into bitcoin. it is precisely this factor that causes the alt price to fall

X-ray

hero member

Activity: 3066

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: Natsuu on March 06, 2021, 10:08:40 AM

I will always believe that if Bitcoin goes bullish, altcoin follows. Though there is most probably a delay in the happening but it often happens. so no, Altcoin will be doing well as long as BTC is doing well

I think that the fundamental of altcoins will be affecting whether altcoin can follow the bullish trend that already created by bitcoin or not. in fact that this time bitcoin is bullish again but there are lots of altcoins with no fundamental can't follow up the bullish trend that already happened with bitcoin.
People will be pumping only the coin that can be used as speculation.
The result will be going back to the how good the development progress that already created.

Topic: No year of altcoins coming. All the big money is pouring into bitcoin. - page 2. (Read 1085 times)