Topic: The Alts are being held back by BTC (Read 401 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.
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.
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.
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.
Here you can see the shares of market participants: https://coinmarketcap.com/charts/
According to the chart, BTC loses its share in the market due to altcoins. This is an inevitable wavy process.
According to the chart, BTC loses its share in the market due to altcoins. This is an inevitable wavy process.
I've read somewhere that the Bitcoin dominance is minutely being reduced by Altcoins, particularly by those with great followings.
Of course newcomers will tend to look at the two greats, but will eventually shy away and just invest in another potential great coin, when they finally see their drawbacks. These drawbacks tend to be the "sales pitch" the other Altcoins are exploiting, and they are slowly gaining in my opinion.
Of course newcomers will tend to look at the two greats, but will eventually shy away and just invest in another potential great coin, when they finally see their drawbacks. These drawbacks tend to be the "sales pitch" the other Altcoins are exploiting, and they are slowly gaining in my opinion.
I just observed this lately that Ethereum is becoming less dependent from bitcoin price movements. But all the other remaining altcoins including the next top ones are still too independent on every major bitcoin moves.
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!
Do you think ETH will be $1000 or higher later this year?
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 is neither supported nor liked by me BTC controlling the whole digital market but this is the truth. So far there are no symptoms of Eth getting independent. The whole digital market is still a naive one and needs a strong support. Now the scene is not many investors go other coins except BTC. This coin is cherished by thousands of rich people. Basically it is not even BTC that controls altcoins but the whales and no one can change this.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 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)
Me neither, I don't know what OP is talking about. Maybe it is because almost every single altcoin is compared with bitcoin, so when bitcoin loses its value all other alt coins loses their value, investors are exchanging alt coins to bitcoin to leave market so logically whole market crash. There are only few alt coin/USD pairs and majority pairs are still altcoin/bitcoin.
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!
Ether and other big altcoins have ther pairing with fiat so they are not connected anymore to the btc.
Ether and bitcoin are also doing different things and are not competitors. I dont care if ether takes the biggest market cap, bitcoin is still preffered store of value, and digital gold
actually there is notthing strange about this, altcoins have always been dominated by btc since the first time they were born, btc's value is too big that it has controlled the market all the time, and every year, there will be a time when altcoins is dumped because of BTC dropped, so altcoins can never get out of BTC's control as long as BTC is still the best cryptocurrency on the world.
yep. BTC _is_ crypto, so it only makes sense that promisecoins riding its coattails goes down if it turns bearish.
actually there is notthing strange about this, altcoins have always been dominated by btc since the first time they were born, btc's value is too big that it has controlled the market all the time, and every year, there will be a time when altcoins is dumped because of BTC dropped, so altcoins can never get out of BTC's control as long as BTC is still the best cryptocurrency on the world.
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!
Bitcoin is struggling in Crypto market but again some news are comes in Crypto market it will raise soon. Because I saw the past three years consensus conference data every year it raise more 1k USD in after completing the conference so it is finishing may be next week we are all expecting 10k USD in Bitcoin. 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!
Everything is a possibility, my friend. But your opinion is not unique and is not new. Refer to ETH Flippening for example, to see many others who voiced this opinion. But the facts speak strongly. When Bitcoin reached its ATH, so did the majority of Altcoins. When Bitcoin crashed, so did the majority of alts. And to make it worse, alts crashed even worse than BTC.
Look at markets and it is simple. You want to trade 99% of alts, it has to be in Bitcoin.
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!
I guess, market is quite stable right now. Look at 3 days chart and how bitcoin was getting dump to the around $8k and it will be pumping back again to the $8,3k and this is just like a game dude. 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!
Ethereum looks have a better performance than bitcoin but bitcoin still drive anything right now.
i think its possible but may be in the future when altcoin marketcap is more than btc, ethereum and cardano may be not really depends on btc market
I don't think it's possible this year. Maybe in a couple of years it will happen. Let's see.
Yes that's a possibility but to me there is now lower than 1% chance to see altcoins are rising while bitcoin crashes hard. Also there is much lower possibility for bitcoin to face a serious problem compared to altcoins.
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)
In the future, this is possible, but still your idea is wrong. Until now, most people do not know anything, except bitcoin and ether. Of course, when they come to crypto, their attention is primarily drawn to the great coins.
In addition, do not forget that enthusiast-developers can improve bitcoin. I would like that.
In addition, do not forget that enthusiast-developers can improve bitcoin. I would like that.
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!
Jump to: