Topic: The Alts are being held back by BTC - page 2. (Read 372 times)
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...
that is gonna put a crimp in all the altcoins, big time!
(Bitcoin gets a cold, and the altcoins get pneumonia!)
this is what I see as likely, a sideways price for BTC at best and/or Altcoins.... until the end of the year...
gonna take a while to 'digest' that mt. gox coin into the ecosystem of BTC!
Hope I am dead wrong, and it pumps...but seems frigging unlikely...again, my view....
There is no enough evidence to support your claim that the altcoins are being held back by Bitcoin. Altcoin projects and bitcoin project is different and the team working on both things are also different. It is possible that bitcoin can hold back altcoins through economy but there is only a low chance that that will happen.
Don't you see that every time bitcoin is in a bear market, people are scared as hell and keep selling their altcoin bag. As long as BTC is still the main market, altcoins still have to suffer a lot from BTC moving direction.
There is no enough evidence to support your claim that the altcoins are being held back by Bitcoin. Altcoin projects and bitcoin project is different and the team working on both things are also different. It is possible that bitcoin can hold back altcoins through economy but there is only a low chance that that will happen.
Other coins still can't move without bitcoin, it has been almost ten years after bitcoin was created and now there are thousands of coins in the market but still they are dependent.
This will not be understood by most as they are only thinking that bitcoin will be dethroned due to many of their complains such as transaction delays and no so high fees which they claim it's high.The market can not survive for a long time without bitcoin, though there was a day I observed that alternative coins were turning green to some extend while bitcoin was still red, This can not happen up to two days.
True that alts won't survive if there's no bitcoin but bitcoin will remain and can survive even without these alts. If no alts, think of how much it will be for bitcoin if it has a $375B market cap.
You may be saying that bitcoin is controlling altcoins. Might look like that but bitcoin is not controlling altcoins but has an affect on them. Whenever bitcoin goes up or down altcoins reacts accordingly.
i respectively dissagree. BTC is the crypto king
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!
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!
What is interesting that you call hell a -20% of current Bitcoin price. Bitcoin can drop for 20% in a single day. I would call hell is bitcoin goes under $3000. That would be hell and all alts prices would then decrease dramatically. on 1/10 of current price.
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!
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!
I dont think so, most of alts even ethereum will keep to follow on bitcoin lines, or at least stable till some of bitcoin supports passed.
However, the worst is for the all new ICO, bad market will make their good news gone for nothing
Bitcoin is not holding any coin back and even if the price of bitcoin goes down if the other alt has a good pool of investment then it will go higher irrespective of the price of bitcoin, we have seen that in the past and it will happen in the future but the market is entirely dependent on bitcoin if you like it or not and there might be a time when the rest of the market will be valued only against dollar and not with movement of price in bitcoin alone.
Other coins still can't move without bitcoin, it has been almost ten years after bitcoin was created and now there are thousands of coins in the market but still they are dependent.
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!
Not a possibility but its actually happening. Top alts are gaining their momentum which anytime soon they wont able to depend anytime on bitcoins price since they can able to stand their own market.Even bitcoin price would decrease alts do have already the capability to withstand the trend but we cant really deny the fact that bitcoins price or dominance would really impact in most alts in the market. 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!
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!
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!
That case is very possible, even it will eventually happene someday, but I don't think that will happend shortly from now. Bitcoin is still the most marketcap, the second position Ethereum is not even close Bitcoin's market cap,
But in the next five or ten years, either Ethereum or other crypto will at least threat bitcoin position
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!
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 should be something new in this crypto but i do not think it is real in near time. Market is stable now but its only temporary and we will see increase bitcoin price in near time. Maybe in next weeks price will grow and bitcoin achive 10000 dollars
i think Altcoins have always been held by bitcoin since very long time ago, when bitcoin became more popular with investors many years ago, and they loved to used btc more than any other altcoins so their purpose is to use altcoins to pump bitcoin more and more, until now bitcoin is still more popular than all altcoins, so as long as bitcoin still exist, Altcoins will always under control of BTC.
Almost all the crypto currency aren't sureot good ICO projects including tokens and noewlt losing tokens price.
Whatever price range in the market need to be modified on the market place.
I do understand nothing can do with the alts alone. Overall crypto market has the price. But seems supporting each other.
The market can not survive for a long time without bitcoin, though there was a day I observed that alternative coins were turning green to some extend while bitcoin was still red, This can not happen up to two days.
i think Altcoins have always been held by bitcoin since very long time ago, when bitcoin became more popular with investors many years ago, and they loved to used btc more than any other altcoins so their purpose is to use altcoins to pump bitcoin more and more, until now bitcoin is still more popular than all altcoins, so as long as bitcoin still exist, Altcoins will always under control of BTC.
I guess it is somehow true that most of the alts are dependent on BTC. In some countries, there are very limited choices of crypto currencies being adapted, the most popular of all is BTC and they need to transfer it to exchanges abroad in order to exchange to alts of their choice. Maybe, BTC needs another re-tracing to a strong support level of $7k which is a very attractive price to big investors. Always be cautious when trading during this downtrend. It is advisable to do cost averaging method to minimize the risks.
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's possible but if the Bitcoin price drops to 7k it will kill a lot of shitcoinsBTC 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 I think only some strong Altcoins like ETH that will rise without dictation from BTC
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!
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!
You have to understand that as traders, there will be a continues shift of funds. So it bitcoin makes its run, altcoin suffer and vice versa. But as far as bitcoin getting below $7K, its possible, however, I don't think that we can go bottom again because its growing in the last couple of days.
The main thing here is how to react in such circumstance and take advantage of the situation. As I have said, its better to move your funds, go where the money is and don't stick on coins that lost its grip on the market.
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.
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