Altcoin and bitcoin are inversely related. When bitcoin price goes up altcoin deprecates and vice versa. If bitcoin prices increase. More people will withdraw their money from altcoin and invest in bitcoin. Thus the value of bitcoin will increase further whereas altcoin deprecates. I am glad that right now bitcoin prices are all time high and there is a bright future ahead.
Topic: Should bitcoin reach more than $ 1500 and what will it impact on the market? - page 2. (Read 1284 times)
May 02, 2017, 04:05:02 AM
May 02, 2017, 04:02:26 AM
I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?
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For users it will be great, because they will get more profit from their investments. But altcoin can fall.
May 02, 2017, 03:58:22 AM
I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?
Let's share here
income =/= profit
if you already have bitcoin you can make profit with price rise. income however will go down since you are still doing the same job and you should get paid the same amount as before (although in bitcoin this can be the same amount of bitcoin and stay the same income).
and as for the impact on the market, the rise is good but a fast rise when entering bubble territory is not such a good thing and will actually have negative effect when price swings around a lot an always big.
May 02, 2017, 03:52:04 AM
I think this high amounts are a consequence of the success bitcoin had the past two years.
Now many people want to participate and they are putting their money into altcoins, because they are expecting a similar developement from them.
And with the altcoins, bitcoin rises as well.
Whether this is a sustainable process or just a bubble, only time will tell.
Now many people want to participate and they are putting their money into altcoins, because they are expecting a similar developement from them.
And with the altcoins, bitcoin rises as well.
Whether this is a sustainable process or just a bubble, only time will tell.
May 02, 2017, 03:30:57 AM
I believe it all depends on the psychic perspective of the altcoin investor. If they are in it to increase their bitcoin holdings (which most of us are) most of them will dump it before a bitcoin rally/mooning.
Then on the other hand, some believe in the further perspective of alts and hodl them for those very same reasons. These user maybe are more concerned with fiat valuation of their coins rather than its value against bitcoin. They generally maintain a support price irrespective of where Bitcoins heading.
I find it really hard for some alts to grow beyond their potential as most traders will forever keep dumping their Alts for more bitcoin, reburying those same alts at a cheap price only to again sell it for more bitcoin.
Bitcoin may face one of these same issues (the potential of a $1MM/BTC dream) in the future, where governments and banks dump huge volume of bitcoins for more fiat only to re buy cheap bitcoin and further dump it again for more fiat.
They raped the true potential of gold and in time they'll attempt to dig their dirty fingers in our economy.
Then on the other hand, some believe in the further perspective of alts and hodl them for those very same reasons. These user maybe are more concerned with fiat valuation of their coins rather than its value against bitcoin. They generally maintain a support price irrespective of where Bitcoins heading.
I find it really hard for some alts to grow beyond their potential as most traders will forever keep dumping their Alts for more bitcoin, reburying those same alts at a cheap price only to again sell it for more bitcoin.
Bitcoin may face one of these same issues (the potential of a $1MM/BTC dream) in the future, where governments and banks dump huge volume of bitcoins for more fiat only to re buy cheap bitcoin and further dump it again for more fiat.
They raped the true potential of gold and in time they'll attempt to dig their dirty fingers in our economy.
May 02, 2017, 02:20:26 AM
I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?
Let's share here
I quess the btc price increases because cryptocurrency users buy more bitcoins and sell their altcoins.
I don`t believe that there are more noobs who buy bitcoin for the first time using fiat.
The number of btc holders increases which reduces the btc supply,which makes the price go up.
May 02, 2017, 12:34:04 AM
A positive impact will in any case, another issue is that this positivity can be delayed in time.
May 02, 2017, 12:30:45 AM
The thing is this just doesn't make any sense. There is functionally no reason for Bitcoin to be pushed and pumped this high, yet it keeps going up and up and up with zero checks whatsoever. There have been no corrections and it's just a constant trend upwards, and that's screaming bubble for me.
I just want someone to explain the why. The only big event has been the closing of Bitfinex's fiat accounts, which inflated the value initially and now it just keeps going, presumably due to bad information from price aggregation sites.
There is nothing to get people involved in Bitcoin this much beyond speculation right now. What the hell is pumping it?
I just want someone to explain the why. The only big event has been the closing of Bitfinex's fiat accounts, which inflated the value initially and now it just keeps going, presumably due to bad information from price aggregation sites.
There is nothing to get people involved in Bitcoin this much beyond speculation right now. What the hell is pumping it?
May 02, 2017, 12:28:45 AM
for its users that is increasing their income
For have any "income" someone need to sell BTC for $, if no - there is no "income".
May 02, 2017, 12:18:27 AM
I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?
Let's share here
It is not impossible for Bitcoin to penetrate $1500. In fact, the price now is $1420 and still climbing and based on my own analysis. It can even reach $1450 . As you can see, it mainly affects the price of the Altcoins. When Bitcoin's price increases, Altcoins price decreases. And vice versa. As you can see in the https://coinmarketcap.com/ ; the price of the Altcoins are marked red meaning its price decreases. And it is because of the stiff pump of Bitcoins Price. If this continues, this may be the right time to stack alt coins as its price may dump more. And wait 'till its price pumps again then sell.
In fact, They already break 1500USD price wall FYI. And most of the alt coins are dumping. This price inflation of bitcoin really affects the price of the altcoin. On liqui exchange. Most of the altcoin listed there has marked red on growth. I think altcoin is not advisable ATM to trade. I will just wait for the BTC inflation to reach the cap then i will bag some cheap alts out there.
May 02, 2017, 12:04:55 AM
I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?
Let's share here
It is not impossible for Bitcoin to penetrate $1500. In fact, the price now is $1420 and still climbing and based on my own analysis. It can even reach $1450 . As you can see, it mainly affects the price of the Altcoins. When Bitcoin's price increases, Altcoins price decreases. And vice versa. As you can see in the https://coinmarketcap.com/ ; the price of the Altcoins are marked red meaning its price decreases. And it is because of the stiff pump of Bitcoins Price. If this continues, this may be the right time to stack alt coins as its price may dump more. And wait 'till its price pumps again then sell.
May 01, 2017, 10:18:57 PM
That really doesn't matter for altcoins. Those are just extra added commodities for trading platform. Bitcoin will grow for itself. Altcoins prices will get majorly affected when people drive towards altcoins investment. Currently bitcoin is taking the leap so it is people's choice and instead of altcoins bitcoin are being invested in the market. Also, due to this altcoins either doesn't change or stays on hold until people buy some. 
May 01, 2017, 08:36:26 PM
Usually if bitcoin price rises then altcoin price in the market will decrease, that is biasnya I see when I am trading, sometimes have a significant impact on price, but can also just as if there is no price movement
May 01, 2017, 07:47:42 PM
I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?
Let's share here
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