Topic: Strange - BTC Bull run but Alt portfolio not in deep RED - page 2. (Read 633 times)
Altcoins are losing compare to BTC. Look at Ripple, ETH, ETC, NEO. They are all in red compare to BTC.
this is a great sign because a lot of new money come to bitcoin, so alts still in their positions
just few altcoin become red,,
No, you are very wrong mate. Altcoin just lost in the bitcoin value and not dollar value. The people in the exchange site try to correcting the price of altcoin into the bitcoin pairs. If you are seeing the coinmarketcap and that seems not give any impact but you must try to see the more detail about that, just few altcoin become red,,
It's been a great ride from Bitcoin, but the reason most alts are not in red is because this growth is not coming from those wanting to get free coins from any Bitcoin fork, just as seen earlier this month.
Here's my view: What we see now is the same thing as we saw in early 2014. Bitcoin all over the news (because of 10k), then because of 1k. People want to invest but don't dare because it's on a peak. So they reason: I'll invest in the next best thing which are altcoins. New influx of money both in bitcoin and in altcoins. Once the correction begins, they all go in red. The more experienced traders quickly transfer alts in BTC to sell them for fiat. The less experienced weak hand will sell because 'that shit didn't work out'.
The most experienced traders know that IOTA will be next and are sitting on a bag of IOTA enjoying the show.
The most experienced traders know that IOTA will be next and are sitting on a bag of IOTA enjoying the show.
this is a great sign because a lot of new money come to bitcoin, so alts still in their positions
just few altcoin become red,,
just few altcoin become red,,
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
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
3) Huge new money got pumped into market in last 10 days
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
3) Huge new money got pumped into market in last 10 days
What you were telling was been happening before but this time their is a fiat currency input in the exchanges if you can see that altcoin paired with btc PRICE is down but altcoin paired with fiat currency (USD) is moving high so their is a heavy input of fiat currency in altcoin.
It means that this is new money ehtering the market. Before bitcoin was rising because ppl were selling Alts in to bitcoin to get forks. Now the entire crypto market is just exploding. It's likely we are seeing large institutions entering the space now.
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
3) Huge new money got pumped into market in last 10 days
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
3) Huge new money got pumped into market in last 10 days
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