Topic: The Alts are being held back by BTC (Read 399 times)
It would be nice to see the alts market being given some independence from bitcoin's control but it won't happen any time soon. Investors are still cautious and will put something like 50% into bitcoin before investing the rest in other riskier investments.
Etheruem is starting to have a mind of its own!
BTC is struggling!
Saying that BTC STILL has the potential to take this market to hell!
If HELL comes ( BTC sub 7K or worse) the market will rise without BTC dictating the tune.
Opinion only BUT a possibility!
It wasnt an opinion but implications,what about now that btc is at $7,000 what seems to be the difference about that hell?and wheres that ethereums mind while hes going down still with bitcoin price or much worst?no men theres no other will dictate this market but bitcoinBTC is struggling!
Saying that BTC STILL has the potential to take this market to hell!
If HELL comes ( BTC sub 7K or worse) the market will rise without BTC dictating the tune.
Opinion only BUT a possibility!
Just admit the fact that ethereum has a long way to run before tooking over the top spot from bitcoin,or maybe not forever
This isn't happening with every alt. My LATX bag is up 57%. I'm okay with that.
me also, my x coin growth when btc down. major alts only speculation tool, that's why when btc down alts also down. Only if they have real use case, btc will no more become problem for their independent market.just my thought
Time to overthrow the king
IMHO, this is due to the mt. gox trustee LIKELY going to move 1.4 Billion USD of BTC by the end of the year...
Why would he do that if Mt Gox debts are way under $1.4 billion? Mt. gox trustee will sell as much BTC as Mt.Gox owe people and as much as trial costed to pay for lawyers and stuff. The rest will get returned to Mt Gox in Bitcoin and not in USD or YEN.
When some company like Facebook is trialed that they sold people's personal datas, teh court dont sell every building Facebook owns and every car Facebook owns, but they take money that was set by court from Facebook bank account. And leave the rest as it was before.
I am also sure that in certain period of time altcoins will be moving on their own without any dependence on BTC.
I believe that this year something special should happen and we will see alts growth
I believe that this year something special should happen and we will see alts growth
BTC is kind of like the basis of almost all crypto, plus eth. so when btc and eth are low, so are most altcoins
This isn't happening with every alt. My LATX bag is up 57%. I'm okay with that.
It seems to me that bitcoin will not be in hell for long.
Bitcoin is a great speculative tool and it is an indicator of the state of the entire market.So that the king will continue to grow.
Another news and articles that circulating around the internet that it will go below $5k and that indication will succeed if bitcoin price will crash for about 6k which is, in fact, happens around April but it did not goes beyond that point of price, the same speculation last March that it will drop for about 5k but it did not happen, again btc is the main one so it will make the prices dragged with him whether it is an increase or decrease.Bitcoin is a great speculative tool and it is an indicator of the state of the entire market.So that the king will continue to grow.
It seems to me that bitcoin will not be in hell for long.
Bitcoin is a great speculative tool and it is an indicator of the state of the entire market.So that the king will continue to grow.
Another news and articles that circulating around the internet that it will go below $5k and that indication will succeed if bitcoin price will crash for about 6k which is, in fact, happens around April but it did not goes beyond that point of price, the same speculation last March that it will drop for about 5k but it did not happen, again btc is the main one so it will make the prices dragged with him whether it is an increase or decrease. Bitcoin is a great speculative tool and it is an indicator of the state of the entire market.So that the king will continue to grow.
its almost 35 day for bitcoin price under 8000$, and if hit 7000 $ in next few days, some expert trading says it can drop price to 5000 $,,and what happen with altcoin?
I do not even imagine how altcoins can grow if bitcoin falls until I saw such a situation on the market. I see that if bitcoin falls - 90% of the market turns red)
This is yes, the dependence is strongly manifested. But I think the time will come when smart contracts will reach a new level and then there will be no barriers to the growth of alts. And it will be when the demand for bitcoin falls many times.
It seems to me that bitcoin will not be in hell for long.
Bitcoin is a great speculative tool and it is an indicator of the state of the entire market.So that the king will continue to grow.
Bitcoin is a great speculative tool and it is an indicator of the state of the entire market.So that the king will continue to grow.
There's a possibility that bitcoin can go through $7,000 again as it went through $6,000 so don't be to relaxed.
But you have a misconception if bitcoin is struggling then all of your altcoins will struggle too. You may see ETH minding it's own but it's still relying to bitcoin.
yea, bitcoin still dominates. Market doesn’t grow up if bitcoin falls. Even ETHs growth depends on BTC. Hope someday ETH will get strong enough, then we will have two equal powerful cryptocurrencies to choose.But you have a misconception if bitcoin is struggling then all of your altcoins will struggle too. You may see ETH minding it's own but it's still relying to bitcoin.
But as long as bitcoin is there, they can't bypass the king as this is the market predictor so if ever bitcoin falls, all of them will fall too and vice versa.
Etheruem is starting to have a mind of its own!
BTC is struggling!
Saying that BTC STILL has the potential to take this market to hell!
If HELL comes ( BTC sub 7K or worse) the market will rise without BTC dictating the tune.
Opinion only BUT a possibility!
And it seems to me on the contrary, that everything that is happening now is going to the fact that BTC begins to dominate the rest of the market. The percentage of domination will be about 50 % before the market goes up. BTC is struggling!
Saying that BTC STILL has the potential to take this market to hell!
If HELL comes ( BTC sub 7K or worse) the market will rise without BTC dictating the tune.
Opinion only BUT a possibility!
There's a possibility that bitcoin can go through $7,000 again as it went through $6,000 so don't be to relaxed.
But you have a misconception if bitcoin is struggling then all of your altcoins will struggle too. You may see ETH minding it's own but it's still relying to bitcoin.
yea, bitcoin still dominates. Market doesn’t grow up if bitcoin falls. Even ETHs growth depends on BTC. Hope someday ETH will get strong enough, then we will have two equal powerful cryptocurrencies to choose. But you have a misconception if bitcoin is struggling then all of your altcoins will struggle too. You may see ETH minding it's own but it's still relying to bitcoin.
IMHO, this is due to the mt. gox trustee LIKELY going to move 1.4 Billion USD of BTC by the end of the year...
Why would he do that if Mt Gox debts are way under $1.4 billion? Mt. gox trustee will sell as much BTC as Mt.Gox owe people and as much as trial costed to pay for lawyers and stuff. The rest will get returned to Mt Gox in Bitcoin and not in USD or YEN.
When some company like Facebook is trialed that they sold people's personal datas, teh court dont sell every building Facebook owns and every car Facebook owns, but they take money that was set by court from Facebook bank account. And leave the rest as it was before.
I think there is just an ICO epidemic and people with scam ideas are flooding the space, or it's a battle of Blockchain dominance.
BTC tends to lead and dictate the alts. However, I think BTC is remaining still because people are waiting for more clarity on regulation. Once that gets hashed out, then the institutional money will start pouring in, the price will rise and we'll have another alt party.
What you think is very precise and true,and I also monitor the next step about BTC which is currently likely to start to decline, and this is the impact of all, which has no clarity.
I do not even imagine how altcoins can grow if bitcoin falls until I saw such a situation on the market. I see that if bitcoin falls - 90% of the market turns red)
This is yes, the dependence is strongly manifested. But I think the time will come when smart contracts will reach a new level and then there will be no barriers to the growth of alts. And it will be when the demand for bitcoin falls many times.
Let see the future of bitcoin if what you said will come true. Yes, even without bitcoin, altcoins will survive. However, I do believe that bitcoin will not be erase in crypto land. It will come across the boundaries. Maybe it is on the process to move forward in crypto. So let us wait what will happen for bitcoin tomorrow.
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