Strange - BTC Bull run but Alt portfolio not in deep RED

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: cau on November 29, 2017, 09:49:43 AM

I noticed a strange stuff in my altcoin portfolio, though BTC jumped from 7K to 11K very quickly my alt coin portfolio has not taken much beating with this rise. Few % loses in sats and big increase in USD.

This was not the case with other BTC bull runs, usually money spins between BTC and Altcoin.

My inferences wiht this situation -

1) Volume should be too low, so there was no big impact to many altcoins.
2) I chose very strong coins Grin

3) Huge new money got pumped into market in last 10 days

Number 3 is the correct one, many people are seeing the same effect, so you are not the only one, so we cannot assume that everyone choose strong coins to invest, so what this means is that new money is entering the market and this is just the beginning since the new money was not supposed to enter the market until mid December so get ready to see everything on green in a few weeks.

johnywalkerrr

member

Activity: 406

Merit: 11

Quote from: cau on November 29, 2017, 09:49:43 AM

I noticed a strange stuff in my altcoin portfolio, though BTC jumped from 7K to 11K very quickly my alt coin portfolio has not taken much beating with this rise. Few % loses in sats and big increase in USD.

This was not the case with other BTC bull runs, usually money spins between BTC and Altcoin.

My inferences wiht this situation -

1) Volume should be too low, so there was no big impact to many altcoins.
2) I chose very strong coins Grin

3) Huge new money got pumped into market in last 10 days

You are very lucky because my portfolio dropped very hard

topesis

hero member

Activity: 630

Merit: 500

I think those dumping their tokens for Bitcoin are out of the market, only those holding long term remains, the price of BTC is up because institutional money is entering the space in anticipation for the coming Bitcoin futures in December

artmen007

full member

Activity: 238

Merit: 101

FrontEnd developer

Anyway the sun is now the money goes to the top 20 projects. The rest only a single case to grow. So far all altcoins depend on the mood of BITCOIN. Altcoins and so at the very bottom, nowhere to fall. Some of the portfolio still falls to the bottom. Spectr RAIN just to the bottom leaves. I want bitcoin for a couple of months slowed down and gave money to other people in Altcoin

cau

full member

Activity: 156

Merit: 100

Well a great drama, which took a good hit on Alt as well.... Moron (BTC) recovered but not the poor chickens Sad

bandar

sr. member

Activity: 686

Merit: 251

Quote from: wuclx on November 29, 2017, 04:02:10 PM

Everyone HLOD.
Correction was expected and will be sustained.

Quote from: bandar on November 29, 2017, 03:46:39 PM

told you: https://www.bloomberg.com/news/videos/2017-11-29/joseph-stiglitz-bitcoin-ought-to-be-outlawed-video

Don't believe a word of what this creature babbles.

Lol, no of course not. But that will be the word on the streets "well I heard them were gonna ban bitcoin so I'm out".

wuclx

full member

Activity: 447

Merit: 153

Everyone HLOD.
Correction was expected and will be sustained.

Quote from: bandar on November 29, 2017, 03:46:39 PM

told you: https://www.bloomberg.com/news/videos/2017-11-29/joseph-stiglitz-bitcoin-ought-to-be-outlawed-video

Don't believe a word of what this creature babbles.

profit-shooter

member

Activity: 252

Merit: 10

Now BTC is bear run and Alts wend down a little bit, but I don`t think this will last long, soon soon altcoins will show much better result when start rising 100,200,300 and more %. So I just hold them.

arpon11

sr. member

Activity: 882

Merit: 282

This is the way cryptocurrencies markets has been behaving before the last hardfork issue upset the whole system. Before when bitcoin is going up it carry other alternative coins along but then traders were dumping the altcoins to bitcoin in other to get free coins that will come out of the splitting coin. But now I think everything has reset itself as it seeing bitcoin is now carry everything along in its upward movement.

bandar

sr. member

Activity: 686

Merit: 251

Quote from: bandar on November 29, 2017, 02:14:35 PM

Quote from: cau on November 29, 2017, 12:51:24 PM

will Institutional Investors try to manipulate and create a crash to have a safe and comfortable entry price?

Yes they will. And I think it will be accompanied by massive bearish reports in the media, followed by drugs & terrorism funding stories to shake weak hands out big time until everything goes silent about the whole thing. That's when you buy more Cool

I wouldn't be surprised to see BTC go to <2k USD.

told you: https://www.bloomberg.com/news/videos/2017-11-29/joseph-stiglitz-bitcoin-ought-to-be-outlawed-video

Nebell

full member

Activity: 406

Merit: 104

Well hello double digit correction...

I think I'll so go bearmode myself to the next 7 days, staying away from crypto. Not good for my health.

But it's better to have a correction than bubble bursting.

bandar

sr. member

Activity: 686

Merit: 251

And it just started. Brace yourselves. Massive correction ongoing.

2Pac

hero member

Activity: 749

Merit: 507

It's not strange, it usually work that way. When altcoins fall against BTC but stay same in USD you see reds. Sometimes they rise with BTC rise but with lower percentage, again you see red but you are in profit against USD. It's just different percentage of changes.

bandar

sr. member

Activity: 686

Merit: 251

Quote from: cau on November 29, 2017, 12:51:24 PM

will Institutional Investors try to manipulate and create a crash to have a safe and comfortable entry price?

Yes they will. And I think it will be accompanied by massive bearish reports in the media, followed by drugs & terrorism funding stories to shake weak hands out big time until everything goes silent about the whole thing. That's when you buy more Cool

I wouldn't be surprised to see BTC go to <2k USD.

grimesrhymes

member

Activity: 161

Merit: 12

📶Decentralized free Wi-Fi📶

Quote from: cau on November 29, 2017, 09:49:43 AM

I noticed a strange stuff in my altcoin portfolio, though BTC jumped from 7K to 11K very quickly my alt coin portfolio has not taken much beating with this rise. Few % loses in sats and big increase in USD.

This was not the case with other BTC bull runs, usually money spins between BTC and Altcoin.

My inferences wiht this situation -

1) Volume should be too low, so there was no big impact to many altcoins.
2) I chose very strong coins Grin

3) Huge new money got pumped into market in last 10 days

The whole market is so bullish right now that actually it's quite worrying, because surely a bear run will come eventually. It's great because many of us have profited nicely. I think there's certainly been some new investment and some people taking things seriously has helped pump the whole market instead of just bitcoin.

topesis

hero member

Activity: 630

Merit: 500

I think those dumping their tokens for Bitcoin are out of the market, only those holding long term remains, the price of BTC is up because institutional money is entering the space in anticipation for the coming Bitcoin futures in December

bananadines

hero member

Activity: 644

Merit: 500

Quote from: cau on November 29, 2017, 09:49:43 AM

I noticed a strange stuff in my altcoin portfolio, though BTC jumped from 7K to 11K very quickly my alt coin portfolio has not taken much beating with this rise. Few % loses in sats and big increase in USD.

This was not the case with other BTC bull runs, usually money spins between BTC and Altcoin.

My inferences wiht this situation -

1) Volume should be too low, so there was no big impact to many altcoins.
2) I chose very strong coins Grin

3) Huge new money got pumped into market in last 10 days

You guys should stop looking at the fiat value. The most BTCs pairs are still down, because there is no room to breath with that huge BTC pumps for the alts.

Agozyen

sr. member

Activity: 672

Merit: 252

Until the end

Quote from: nsasuiteb on November 29, 2017, 10:44:56 AM

Because people buy bitcoin with usd, not by selling altcoins. But soon people start to sell bitcoin for ''usd'' and also other ones will sell altcoins which cause altcoins to crash. I hope it will not like be so

Once all these new people get a taste of Crypto they will start to look at alts. If alts do go down they will come back up when bitcoin stabilizes. I'm mostly in alts at the moment.

cau

full member

Activity: 156

Merit: 100

Yeah, lot of new money is getting pumped in.... my other concerns are like, will Institutional Investors try to manipulate and create a crash to have a safe and comfortable entry price? I really don't know how practical it is to bring crash, but wiht the speed it has gone up, correction is pretty much a due.

Since last 2 days, Blockfolio and this forum both response time are way low (probably heavy traffic)

neinnein125

sr. member

Activity: 475

Merit: 251

VTOS

Cause we are seeing new hot money entering markets. This is actually good but this can easily turn out to be bull trap. I have deep concerns about new pumped markets even if I know its new money.

Topic: Strange - BTC Bull run but Alt portfolio not in deep RED (Read 633 times)