only the price of Bitcoin is increasing? - page 9.

arpon11

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Quote from: marycrazy08 on May 08, 2019, 06:27:32 PM

Quote from: kevinzxz on May 08, 2019, 06:24:31 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?

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.

Outside tether and some other few coins, I don't think that people are pulling out of altcoin to bitcoin. As at this 7 am that I checked prices the market capitalization has add around 2 billions dollars since yesterday night and this funds came from fiat currency. It is good we understand that we are in bullish sentiment and people are jumping into the market from fiat community. I think other coins are going to benefit from the bitcoin when bitcoin started to make some corrections on it ways up.

sanida

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This is alarming for some of the people who are not holding Bitcoins, when they only hodling some shit coins this sudden bitcoin price hike will lose their hair in no time. that's why you need to have some good knowledge about speculating crypto currency prices because if you mess up like this you will not get any profit from your holding and the worse part is you will not recover your loss.

cepot9

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today bitcoin has reached $ 6300 and several altcoins a few days ago did not keep up with the increase but experienced a decline but today all are starting to stabilize and follow the movements of bitcoin, ethereum and other tokens also have followed bitcoin.

jerry0

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Did this happen previously? Back then it use to but not anymore.

sunsilk

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Bitcoin dominance has grown to 58% and understanding that, most of the volumes now are flowing in to bitcoin which results that alts are being sold for it. We've been attached to that scene that whenever bitcoin pops up, alts should follow.

But today is different, while most of the alts stumble, bitcoin is flying high. This may take for a longer time but there will be time that alts will grow up and it's just a matter of time so if you are worrying with your alts value, choose to sell it for bitcoin or hold.

edisystem

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Quote from: kevinzxz on May 08, 2019, 06:24:31 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?

I'm also confuse, usually altcoins price will follow the bitcoin increase. When it increased then altcoin will increase too but it's not right now.

I don't know what happen but it's still a good news for bitcoin, maybe this is the time for bullish run market and i hope altcoin will increase too.

Caladonian

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Quote from: shinratensei_ on May 09, 2019, 11:14:06 PM

Quote from: mrdeposit on May 09, 2019, 04:19:46 PM

Because altcoin owners turn to btc. They want to earn extra profit by selling their acquired altcoins against btc. In such cases, btc first moves forward, then altcoins follow.

that looks similar to 2017's movement. I have faith in my bitcoin and im too late to convert all of my altcoin to the bitcoin. it looks like the market is having a lot of support from the latest news. More big companies, stock market, and governments are starting to put their attention in the cryptocurrency too.
In a few years and the price of bitcoin will grow a lot. Im ready to get on the train. Altcoin will follow after bitcoin has done with its pump.

The movement is really have something in common with last 2017 pumped, slow in terms of big growth but much better than a pure hype without any supporting grounds, if you research well then you can have the confidence to buy more and hold, waiting for the market to be fully uptrends movements.

This is just a temporary situations inside the Alts community, bitcoin is just starting and after that alts will follow.

shinratensei_

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Quote from: mrdeposit on May 09, 2019, 04:19:46 PM

Because altcoin owners turn to btc. They want to earn extra profit by selling their acquired altcoins against btc. In such cases, btc first moves forward, then altcoins follow.

that looks similar to 2017's movement. I have faith in my bitcoin and im too late to convert all of my altcoin to the bitcoin. it looks like the market is having a lot of support from the latest news. More big companies, stock market, and governments are starting to put their attention in the cryptocurrency too.
In a few years and the price of bitcoin will grow a lot. Im ready to get on the train. Altcoin will follow after bitcoin has done with its pump.

BitUsher

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Here is one reason people are selling their altcoins for Bitcoin

Fidelity announced institutional support for BTC buyers in a few weeks and the market is selling their alts to ride that bull market .

Past bull markets were spurred by retail investors using exchanges that supported many altcoins as well, and Fidelity will only support BTC

Institutional investors will only be buying Bitcoin. This bull market will be different than past bull markets

mersal

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Quote from: kevinzxz on May 08, 2019, 06:24:31 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?

definitely the development of Bitcoin is happening now but I don't know how it will affect the other investment also because it will not depends on anything so that development is also be huge only for Bitcoin but definitely people thoughts were changed about the cryptocurrency field if it was developed.

akram143

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Quote from: kevinzxz on May 08, 2019, 06:24:31 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?

mostly when the Bull Run will very very helpful for the development of Bitcoin more than other investment that's why this type of thoughts will came to our mind but the development of Bitcoin will very helpful for the other investment like the people wants to take the chance after the investment of Bitcoin then the development is possible for other investments also.

otong

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Quote from: Yaunfitda on May 08, 2019, 10:29:43 PM

Simply because investors are shifting their funds to bitcoin from altcoin market. You will also noticed that the marketcap is not moving that big which also tell us that constant moving of assets are going on and smart investors knows that bitcoin is the right to invest at this point.

in my opinion the development of the crypto currency depends on the investors themselves so to ensure the development of crypto currencies no one can be sure if bitcoin is experiencing an increase because many investors still believe in bitcoin

playboy654

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The mindset will definitely change in the investors side when the Bitcoin is developed the definitely search the other type of investment at the time the possibility of investment with the other good currencies are available so definitely it will helpful for the development of other investments also.

mrdeposit

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Because altcoin owners turn to btc. They want to earn extra profit by selling their acquired altcoins against btc. In such cases, btc first moves forward, then altcoins follow.

Gabteb

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Its a normal situation we have seen this before many many times when people sell their alts for BTC as it raises so when it will stabilise then they will start to buy alts so they will start to rise too people who have been here for a long time must know this and not be surprised from this.

dark1234

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a few days it seems the market is not following the movements of bitcoin and even shitcoins tend to go down while the altcoin does not fully follow the percentage increase and even tends to stop at certain prices and survive

styca

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Sometimes bitcoin rises before other coins, and this can be the sign of a big bull market incoming, with alts starting to increase in price sometime after bitcoin does.
It is not something to worry about. If new money starts coming into crypto, then bitcoin is the gateway, which is why we see btc rising first and then alts afterwards as people diversify.

Jating

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Quote from: klaaas on May 09, 2019, 01:38:59 PM

Quote from: kevinzxz on May 08, 2019, 06:24:31 PM

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

No, if the alt wont rise along with btc rate it will get a hit on its value as always, as you can see the complete top10 is red on cmc when btc flex its musles a bit.

Right, very interesting that when bitcoin hits $6000-$6100, all alts suddenly went into red, lol.

Investors are really getting smarter and no qualms whatsoever to dump their altcoins and go to bitcoin in the last 24 hours. A bold move but I'm not surprised. This has been practice before and will continue as one strategy to make more money out of this ecosystem.

Reid

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Isn't that a good thing to be seen in the market?

That means your other coins are not just relying on the bitcoin price. They have their own market which will produce value when their project is really running forward with their roadmap.

If they are just leaning on the bitcoin price then why do they really created their coin? I mean what is their purpose? Just to be under the bitcoin price? That will be embarrassing if I am the creator of that certain coin or project.

klaaas

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Quote from: kevinzxz on May 08, 2019, 06:24:31 PM

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

No, if the alt wont rise along with btc rate it will get a hit on its value as always, as you can see the complete top10 is red on cmc when btc flex its musles a bit.

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