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Topic: Reversal is happening.. bitcoin money goes to altcoins! (Read 1848 times)

hero member
Activity: 2562
Merit: 586
Let's wait another week and most alts should be much more worth than they are now once money flows back from BTC to alts.
I hope the coins don't get dumped pretty quickly again before the mid November hard fork.

Most alts being much more worth than they are now is something I am not really sure of as it will take time for most of them to even get back up on their feet before the next fork, while some of them will give good profit, I believe it will be best to just take the little profit and wait for another possible dip in upcoming weeks.
X7
legendary
Activity: 1162
Merit: 1009
Let he who is without sin cast the first stone
Well not quite, just a pump and it has stabilized - let's see what happens.
legendary
Activity: 1442
Merit: 1025
What people suggesting that this is over is not, the real fork is the SegWit2x in November,  BCG just take advantage of the recent BCash fork, no commitment for BCG but there are for Segwit2x, especially from Jihan who is very influential in the space
You are right! That is the contentious fork we have been waiting for and I really kind of hope it would play out as expected where B2X will end up just being another BCC at the end.

It is obvious that BTG is going to be dumped and even bittrex raised a concern that even the devs are pretty much going to dump theirs. BTC will remain stable for a while while the altcoins get pumped a little and then gets dumped again for bitcoin before the next fork.
full member
Activity: 403
Merit: 101
Altcoin pump seems to have already stopped... many coins are already red again Cry

What do you think guys ? Do you think it will grow again, or... should we invest in Bitcoin ?
copper member
Activity: 72
Merit: 10
Nucleus.Vision
We're a long way to go from a full reverse swing
member
Activity: 107
Merit: 10
ARNA | TokenSale - December 15th
Almost every coin is green today. Good for Alts, also we should see many ATH soon there.
member
Activity: 130
Merit: 14
Nice GREEN day today in alt land  Cool

sr. member
Activity: 291
Merit: 250
I am really not sire to buy now,
It seems that BTC may go higher and Altcoins seems too strong with its support.

I know it would jump but I dont want to loose forking
full member
Activity: 177
Merit: 100
In best days you can see 90% of the top100 in green.

Today is just a regular day, not a reversal yet, but I think it will come soon because BTC can not be bullish so much time  Roll Eyes

See?

Today IS the day  Grin
full member
Activity: 798
Merit: 103
It is always the same cycle. But sometimes Bitcoin and altcoins can grow up together.
full member
Activity: 518
Merit: 145
NO DOUBT..now it is here... time has come!!! bitcoin dropping..  many of my alts rising hard  (SHIFT, ADX, BQX, BAT, LISK..)

Bitcoin is not dropping mate! It is still very much stable which is normal. Also, what do you expect from a very much dumped coins before the fork, now that the fork is over, and most people are sure of getting their BTG, they are rushing to see if they can still get the coins at a very low price, which is expected and I expect we will see another dump for profit before the next fork, no doubt!
newbie
Activity: 52
Merit: 0
Hi guys.. i am happy to see that the reversal is finally happeninig.. bitcoin is decreasing and money is flowing to my altcoins .. a 12% recovered in a few hours for my diversified portfolio ( 0 bitcoins on it).

good luck to all.. we will meet at ATH of our beloved altcoins again!

do you realize the same¿

no it is fake news present bit coin has great demand in the market so most of the people investing millions of money in the bit coin in this time how can bit coin price going to down. now bit coin price increasing so you have to try once in the market and search in internet and in coinmarketcap.com. the you get idea. if suppose bit coin price droped then alt coins price goes up then nothing to worry you have to invest few amount of money in that also. so in which you get profit happiest issue so be happy and think p[positive about this trading.
sr. member
Activity: 1680
Merit: 278
Hi guys.. i am happy to see that the reversal is finally happeninig.. bitcoin is decreasing and money is flowing to my altcoins .. a 12% recovered in a few hours for my diversified portfolio ( 0 bitcoins on it).

good luck to all.. we will meet at ATH of our beloved altcoins again!

do you realize the same¿

It's happening all the time  Wink

Yes, people who didn't want bitcoin gold took advantage of the bitcoin price rise, then moved back to alts before the fork. Those who did want bitcoin gold are now moving back to alts after the fork. This is as expected. The next question is what happens when we hit the 2x date... presumably this will have a greater effect on the market because it's more of a big deal than bitcoin gold is/was.

Should we be anticipating something similar to the big drops pre-bitcoin cash that we had this summer?


IMO Bitcoin GOld was a joke.. BITCOIN can "hadrFORK OFF".. it was only a few of guys who where tempted to make some easy money. Although Segwit2x maybe more profitable.. i am think about selling half of all my coins to get some BTC to participate in the 20nov hardfork.. BUt i am not gonna buy a BTC penny until a few days passed and many of my alts recover their ATH


legendary
Activity: 1904
Merit: 1277
Hi guys.. i am happy to see that the reversal is finally happeninig.. bitcoin is decreasing and money is flowing to my altcoins .. a 12% recovered in a few hours for my diversified portfolio ( 0 bitcoins on it).

good luck to all.. we will meet at ATH of our beloved altcoins again!

do you realize the same¿

It's happening all the time  Wink

Yes, people who didn't want bitcoin gold took advantage of the bitcoin price rise, then moved back to alts before the fork. Those who did want bitcoin gold are now moving back to alts after the fork. This is as expected. The next question is what happens when we hit the 2x date... presumably this will have a greater effect on the market because it's more of a big deal than bitcoin gold is/was.

Should we be anticipating something similar to the big drops pre-bitcoin cash that we had this summer?
hero member
Activity: 2842
Merit: 772
There's so much movement in altcoins now and they are all green!!!. However, the marketcap is not increasing so I'm assuming that investors are just cashing out bitcoin and bitcoin gold. Marketcap is $169B only. It went up as far as $174B. I hope that those investors who bought during the altcoin dip is now very happy that some of them are going green now. Some of the coins in altcoins are going as much as 10% which is very good movement from almost two weeks of tanking. Bitcoin suffers, as expected. This is what we love about crypto trading, its unpredictable!!!
sr. member
Activity: 1680
Merit: 278
yeah, i was waiting for this too. it is not exactly related to bitcoin and its price though. even if bitcoin stayed up or even went higher this reversal of altcoins would have happened eventually because you can never have always down just like you can never have always rise. at some point there needs to be a reversal or correction and price comes back down after a rise or up after a big dump.

a 12% recovered in a few hours for my diversified portfolio ( 0 bitcoins on it).

then you have been making a HUGE mistake.
- you don't have any bitcoin and bitcoin has been rising non stop for the past few months better than anything else
- you kept holding altcoins that were getting dumped hard. you say 12% recovered but you never say how much you have lost! the drops have been 10-20% per day for at least 3 or 4 days and you just recovered a small part of one of these days.

you always have to dump the altcoins that are dropping then buy back at the bottom. this way you first prevent that 40-80% loss and then have a 12%+ pure profit instead not just recovering a small part of what you lost.

you hit it.. i made a big mistake.. newbies most common mistake.. FOMO buying ATH during august..
i fucked up with MNE, BTM, IOTA, BNB, SIGT, OK, XEL, STX,.. and many more..
now i wont sell with that much lost.. you can bet.. lesson is learned... next time STOP LOSS at -25%

full member
Activity: 490
Merit: 100
I think now the growth of altcoyins is short-lived. Most of the bitcoins return to the alcoins. But ahead fork bitkoina and again the market will go down. We need a temporarily stable bitcoin
full member
Activity: 280
Merit: 100
Let's wait another week and most alts should be much more worth than they are now once money flows back from BTC to alts.
hero member
Activity: 770
Merit: 500
Bazinga!
yeah, i was waiting for this too. it is not exactly related to bitcoin and its price though. even if bitcoin stayed up or even went higher this reversal of altcoins would have happened eventually because you can never have always down just like you can never have always rise. at some point there needs to be a reversal or correction and price comes back down after a rise or up after a big dump.

a 12% recovered in a few hours for my diversified portfolio ( 0 bitcoins on it).

then you have been making a HUGE mistake.
- you don't have any bitcoin and bitcoin has been rising non stop for the past few months better than anything else
- you kept holding altcoins that were getting dumped hard. you say 12% recovered but you never say how much you have lost! the drops have been 10-20% per day for at least 3 or 4 days and you just recovered a small part of one of these days.

you always have to dump the altcoins that are dropping then buy back at the bottom. this way you first prevent that 40-80% loss and then have a 12%+ pure profit instead not just recovering a small part of what you lost.
sr. member
Activity: 1680
Merit: 278
I don't rely thing people are storing up BTC the way it was painted, is just that people are not exchanging their BTC for Altcoins again and since most of these tokens are paired against BTC the price so you need to dump your tokens if you want to get out of your positions

numbers talk, in the last 24hours my portfolio has risen 10% while BTC dropped around 6%, BTC dominance went from 59 to 56 and total marketcap remain almost untouched... so some money has flown from btc to alts, at least to few i got (WTC, XVG, BQX, SHIFT, ADX, SIGT, POE...) i dont know the rest, there are too many.
For example i dont have any ETH, but its rising another 10%.
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