only the price of Bitcoin is increasing? - page 11.

Opnsrc

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Quote from: michellee on May 09, 2019, 03:41:07 AM

Finally, we see the bitcoin price break $6000. The altcoin is following bitcoin, and with the increasing of the bitcoin price, some of the altcoins increases too. You can see at the market, there are a lot of altcoin preparing to break the higher price but the other altcoin still on, the lower price and it seems, the altcoin is waiting for a good moment to increase.

Bitcoin is simply the first one to start this race. Now, I suppose that there will be a breakthrough in the market. Cryptocurrencies must fasten their speed. At least, the probability of it is high.

ropyu1978

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Quote from: kevinzxz on May 08, 2019, 07:24:31 PM

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

What do you see ? I think you should try to re-examine the history of crypto trading, especially bitcoin.
bitcoin is very binding on the crypto market and this certainly influences movement for other altcoins. but not all
I think there is no significant growth that will occur for the altcoin before bitcoin is really stable

smax00580

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I think btc will slow down then consolidate and let alts pump before go lower. maybe take few weeks to occur.

De4ted

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Quote from: marycrazy08 on May 08, 2019, 07:27:32 PM

I think the main reason is that, people are pulling their assets from Altcoins and dumping it to Bitcoin as it is increasing. When Bitcoin starts to drop, we might see people who will pull out from bitcoin and dump their assets to alts.

This is not the exact reason for it.

When bitcoin starts to get a price pump the trust on the whole cryptocurrency is increasing and thats the beginning of alts to increase their prices too, It is not becuase they dump bitcoin and go to alts instead.

bering

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People basically will always be looking the way how to make profit in trading and if the particular coins price were increasing such as bitcoin today i think they will more concern to watching bitcoin price chart because lately to get profit from bitcoin trading looks promising and normally they will not hold altcoins and went for bitcoin only even if supposse can they will sold their altcoins to bought more bitcoin i think that's why when bitcoin price increase it was not following to altcoins price

quarkfx

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don't expect all coin price to increase because of btc price increase , only good project price raise can be expected , you need good projects if all shit coin price would increase then everyone will be rich

joshy23

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Quote from: Ranly123 on May 09, 2019, 05:48:00 AM

Quote from: kevinzxz on May 08, 2019, 07:24:31 PM

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

It's not easy to say that the price of other cryptocurrency will increase if Bitcoin will do. Since they have different usage, then they should have different movement in the market in accordance to the supply and demand of each coins.

Well said, the demands will be the turning factors in order to get a good hype from those supporters who's believing about the industry, the venue of investment will be classified when a certain project have a good of audience who'll support the progress to achieved success not just to relied with bitcoin .

Ranly123

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Quote from: kevinzxz on May 08, 2019, 07:24:31 PM

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

It's not easy to say that the price of other cryptocurrency will increase if Bitcoin will do. Since they have different usage, then they should have different movement in the market in accordance to the supply and demand of each coins.

limuskex

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Bitcoin prices are currently rising and will increase in the future. I believe in bitcoin and blockchain technology!!!

CryptoBry

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Quote from: kevinzxz on May 08, 2019, 07:24:31 PM

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

There are some coins that are also positively moving but generally speaking the altcoins are not getting benefited with the upward movement of Bitcoin. This can mean that the marketplace is now focusing too much on Bitcoin and so far there is no marked spillover unlike what we had seen in 2017 where almost all coins and tokens including many shitcoins were rejoicing. Now, does it mean that altcoins have already lost their luster and that investors are now getting wiser? Let's see in the coming weeks how things will be unfolding.

goaldigger

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Quote from: kevinzxz on May 08, 2019, 07:24:31 PM

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

Bitcoin's price increase is just a pinch of bread and its maybe the reason why altcoins are still not affected by it. I believe that bitcoin and other alts are pricw related but i dont think it will move with just a $2K difference since the bottom $4K.

TheKeyLongThumbI

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Yeah I know it hurts but before btc shows this bull rally, some of the altcoins were increasing in a value and I was expecting that most of the top coins would so the same but it did not. Maybe the same scenario will happen like when btc stopped its bull run, altcoins are going to do the same after so let's better hope for that.

michellee

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Finally, we see the bitcoin price break $6000. The altcoin is following bitcoin, and with the increasing of the bitcoin price, some of the altcoins increases too. You can see at the market, there are a lot of altcoin preparing to break the higher price but the other altcoin still on, the lower price and it seems, the altcoin is waiting for a good moment to increase.

dothebeats

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Quote from: Panizza on May 09, 2019, 03:05:38 AM

Hello, I don't have a lot of knowledge in crypto world so my question may be ridiculous ...

I bought a lot of altcoins when btc was 4000$, from the day back to now bitcoin gained 2000$ and my wallet is almost the same, I also lost money for some alt coins, my question:

Is it possible that this "pumping" Is a wanted behaviour from those who have control on the market? Is it possible that they manually-secretly decreasing altcoins on purpose, for the will of bitcoin? (Excuse my baguette i'm french)

They are not intentionally manipulating alt coins but rather the money is being transferred from altcoins into bitcoin simply because traders know that there will be a push.

pooya87

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Quote from: Duzter on May 09, 2019, 12:47:31 AM

Quote from: pooya87 on May 08, 2019, 11:19:46 PM

it is because traders only switch to altcoins whenever bitcoin price is stable and they can't make profit from that. so when bitcoin starts being volatile again they immediately come back to bitcoin market and that means dumping altcoins hence the market wide altcoin price drops each time bitcoin price rises or falls.
it is also because everyone is here to accumulate and increase their bitcoin holdings and all the rest (altcoin trading) exists to serve that purpose.

What's been mentioned is clearly getting reflected on the market, price of bitcoin keeps growing and on the other side there needs to be gradual growth with the altcoins. This time we haven't experiencing any form of gradual growth of altcoins along with bitcoin which show the traders dumping altcoins and accumulating bitcoin. The price has grown high to $6000 while ethereum stands close to $170.

actually a more accurate observation is the fact that ETH price dropped down to 0.0279BTC as bitcoin price went up.
bitcoin from $5800 to $6000 is 3.4% rise
ETH price from 0.0290BTC to 0.0279BTC is a -3.8% drop.

Panizza

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Hello, I don't have a lot of knowledge in crypto world so my question may be ridiculous ...

I bought a lot of altcoins when btc was 4000$, from the day back to now bitcoin gained 2000$ and my wallet is almost the same, I also lost money for some alt coins, my question:

Is it possible that this "pumping" Is a wanted behaviour from those who have control on the market? Is it possible that they manually-secretly decreasing altcoins on purpose, for the will of bitcoin? (Excuse my baguette i'm french)

Wind_FURY

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OP, it may, or may not affect the altcoin market negatively. But currently, it is. Check the chart for Bitcoin's dominance in marketcap in Tradingview labeled "BTC.D". It's 60% and increasing.

I don't believe it means that the altcoin market is "dead", it probably means that it's "Bitcoin season". Cool

Kakmakr

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Ok, it is actually quite simple to explain. Crypto currency traders know what happened in 2017, when the Bitcoin price started to rise to a all time high and they are now anticipating the same thing happening again. The obvious response from them is to sell some of their Alt coins to invest more into Bitcoin, because they want to be ready when the price goes back to $18 000+. Wink

I have sold almost 40% of my Alt coins to buy more bitcoins in anticipation of what might happen in the next few months with Bitcoin. Wink

TIDOVEE

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normally bitcoin has a better position than all other cryptocurrency, where bitcoin struggles to strive others must have been so down to pick, bitcoin leads others follows. one thing i appreciate is that we all have a positive mind of better values for the nearest days.other altcoins too have hope to get better with time.

CBANX2

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Dude its a great news, and now Bitcoin smashes $6,000 glorious figure it will help the enthused to get in the mainstream. It will definitely impact on other cryptos as people again move towards their first love Wink

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