No year of altcoins coming. All the big money is pouring into bitcoin. - page 4.

jajorforce

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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.

The biggest investment pouring through the bitcoin then divided into altcoins. Still, Bitcoin doesn't hit 10 times higher than the last ATH 19k. So many altcoins prices are up 10 times and some top altcoins. The future of new altcoins will be more unpredictable if bitcoin price has reached one million.

Argoo

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Quote from: RussianEnglishTranslation on February 28, 2021, 12:59:24 AM

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.

Investing in altcoins is difficult, and so is timing the market but you will be lucky to get a 2x with Bitcoin. Microcaps like ALCX and 0xMR can easily 200x.

Bitcoin will not continue to rise in value for a whole year. There will be breaks. Therefore, altcoins will still find time for their good price growth. In addition, it cannot be said that altcoins are not growing now. Many promising altcoins already have gains of hundreds of percent. In addition, we cannot predict for sure the price movement of the cryptocurrency market. In the meantime, we can say that there are no serious obstacles to the further price growth of our cryptocurrencies.

guydin

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I'm sure no one knows exactly what results we will see at the end of this year. Bitcoin, as it was, will remain the trendsetter of the entire crypto movement, because very interested people believe in it, who simply will not let BTC fall very low.

Further, Ethereum looks attractive for large infusions due to its versatility. And only then we can talk about other altcoins, which are also evaluated according to the degree of usefulness of the projects. Therefore, Bitcoin will grow first, followed by other coins.

blockman

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Let's have a vision first for bitcoin @ $100k first before thinking about even $1M. Although that was just your example through the altcoins pumping/dumping.
But as you see, it's all red. Altcoins are in red so bitcoin is. They are only going whichever way bitcoin is heading. And this time, it's about the weak hands are probably being pushed out.

Jackl87

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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.

That's not true in my opinion. I mean of course in the mainstream media that only covers crypto when there is a massive bullrun or dump you only read about BTC.
I made some small investemns with FIAT in August into altcoins, mainly into new projects and even now that the market is dropping a bit im still at x75.
If i would have invested in BTC in august i would be at x4 now.

michellee

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Quote from: didzi on February 27, 2021, 05:50:28 PM

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.

mate, bitcoin price will not always up wich mean a corrections will come such as now, because of that i believe when the corrections coming investors will try to find an alternate of bitcoin to drop their money buddy, and altcoins is the answer, then when bitcoin growing back altcoins will follow, thats my opinion

Yes, that is right. Bitcoin prices will be up and down many times, and we saw this happen this week. But that will be our chances to buy low and sell high as the price can drop deeper so we can get that chance. The corrections will be the best time for us to buy bitcoin, but we must analyze to find a good time to buy. The investor will also buy altcoin besides bitcoin, but we do not know if they hold the altcoin for a long time or not. If they know that the altcoin follows the bitcoin price, they will not hold altcoins for a long time, and they will sell their altcoins once the price increase two times the price they bought.

SquallLeonhart

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Quote from: torrantz on February 27, 2021, 04:00:39 AM

alts have been pumping alongside with bitcoin like doubled or even more, that's rare sighting in stock market and people still complain altcoin season not coming, it's either their standard of altcoin season is when alt go up thousands percent or they never see the market regularly. It's silly to be honest.

The reason for something like that is the fact that the price for bitcoin altcoin didn't changed that much whereas bitcoin price versus fiat changed a lot which made the altcoins go up a lot more. So, let's say there is a coin that is 0.1 bitcoin per altcoin, when bitcoin was 10k that means this coin was 1k as well, and when bitcoin becomes 40k that means this coin will be 4000 dollars as well, that is the deal.

There are small changes, it doesn't become exactly the same for long time but it will definitely have some sort of similarity because of this. I am going to go out on a limb and say that we are going to end up with something much better when bitcoin goes back up, if bitcoin reaches 60k, we are going to see eth 2000+ and BNB on 400+ and ada on 2+ dollar, those are prices that could happen when bitcoin price changes to 60k+ dollars.

RussianEnglishTranslation

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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.

Investing in altcoins is difficult, and so is timing the market but you will be lucky to get a 2x with Bitcoin. Microcaps like ALCX and 0xMR can easily 200x.

nykka

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Bitcoin is a more trusted asset, so many investors buy only it. Some altcoins are difficult to understand or too volatile and unstable to buy it, so big companies like MicroStrategy and others don`t buy it, or buy small quantity, so we don`t see such great growth among altcoins like it`s with BTC. Anyway, sooner or later, investors will discover altcoins, because they provide a lot of useful and prospective technologies, which Bitcoin can`t suggest

didzi

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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.

mate, bitcoin price will not always up wich mean a corrections will come such as now, because of that i believe when the corrections coming investors will try to find an alternate of bitcoin to drop their money buddy, and altcoins is the answer, then when bitcoin growing back altcoins will follow, thats my opinion

raji1995naya

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Just have to wait until the BTC comes calm. When these big moves every day don't make ALts for bull run. But some institutions are interesting on some of ALTS too. So if we get in to those ALTs , hopefully it will be ended up with profit.

iTradeChips

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Well what do we expect? That all these alts will simply and automatically join in the bandwagon? Unfortunately, Bitcoin is just one of many coins. And just because Bitcoin went to the top means that other will do the same. Well, it does not work like that. Anyway, we just have to be very careful in the projects that we join and supported since by being knowledgeable with the project and always up to date with the workings, then you will be able to strategize if you will sell your coin or buy more.

speedforce

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As bitcoin minimalist, i dont believe why people so much keep investing big money in Bitcoin only, many altcoin offering something more beautiful as a project.
I still believe that altcoin will have some spike again and bigger than before.

naomi-the-cat

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Big funds are already selling btc for alts. Im really not sure about this statement

torrantz

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Quote from: ?? on ??

I don't think it's like that bitcoin and altcoin will go up side by side even though the number will still be more in bitcoin.
but at least as long as bitcoin dominance does not exceed 70%, altcoins will also continue to rise along with the rise in bitcoin prices.

Yeah, alts have been pumping alongside with bitcoin like doubled or even more, that's rare sighting in stock market and people still complain altcoin season not coming, it's either their standard of altcoin season is when alt go up thousands percent or they never see the market regularly. It's silly to be honest.

Ozero

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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.

Since the fourth quarter of last year and especially this year, many altcoins have risen in value many times more than bitcoin. Therefore, it is hardly worth considering that the altcoin season will not come this year. For many potential types of cryptocurrencies, it has long been around.
Bitcoin will not constantly continue to rise in value this year. This is the nature of cryptocurrency. And after that, capital will surely flow from bitcoins to altcoins. It's just a matter of time.

Rexler

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Quote from: New_order on February 20, 2021, 07:12:23 AM

I'm not buying this point at all, all big money are pouring into altcoins and yet BNB turned 300$, all whales favour bitcoin accepted but polkadot grows over 1100% gains already, are you seeing avalanche? Neo? Compound? Bro the list goes on and on, a 1000% gain is a altcoins season for me

Bnb was pumped due to Ethereum fee being too high and insane for retailers, they decided to buy bnb rather than eth, it's not like any big financial institutions invested in all these altcoins you mentioned , bitcoin is the real deal without any doubt, I believe everyone knows this already, if bitcoin didn't pump insanely there's no way bnb would pump to $300 easily and that fast, just make profits off those coins you are holding now, the altcoin season is still in doubt not sure we are having one now, all focus is still on bitcoin reaching the $100k target.

Maslate

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Quote from: isaac_clarke22 on February 24, 2021, 02:42:25 PM

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

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I never believed that there's year of the altcoins actually since mostly it just follows the pattern that BTC does. Well from my observation lately in CMC site for all the coins though some are independently increasing by themselves, but still.
It's like when Bitcoin dumps/crashes, it goes worse for altcoins since it is pretty much panic selling for some investors.

It's not independent if they just follow the movement of bitcoin, maybe there are some coins that still pump despite bitcoin is dumping but in general, the altcoins market always follow with bitcoins movement, just like what we are seeing to the same CMC, bitcoin is down and so as most of the altcoins.

as we can see in https://coinmarketcap.com/... majority of the altcoins are down.

isaac_clarke22

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

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I never believed that there's year of the altcoins actually since mostly it just follows the pattern that BTC does. Well from my observation lately in CMC site for all the coins though some are independently increasing by themselves, but still.
It's like when Bitcoin dumps/crashes, it goes worse for altcoins since it is pretty much panic selling for some investors.

optimisticcm

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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.

It has been like this forever, it has been the same story for bulls everytime infact it is good that we have the experience and knowledge now to forecast market trends and movements so it is great for a calm investor like me because i know after btc fully peak then we will get the real alt parabola which will change the financials for many individuals and believe me their are still many 100x plus potential coins out there.

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