Topic: The Alts are not overreacting to the Bitcoin pump! (Read 427 times)
I see good future for bitcoin, altcoins will also rise after increase of bitcoin prize we just need more time. I will tart to smile when altcoins start rising like last year.
It is not to be surprised that the rising of Bitcoin is more than the Altcoins. If supply is more than the demand price will go slow.
I think they are not over reacting in bitcoin pump,
it is a normal phase of the business and there are times that the company is become conscious because their existence is not unlimited in the industry.
it is a normal phase of the business and there are times that the company is become conscious because their existence is not unlimited in the industry.
I think people don't believe the alt season is right now, so they are waiting a new fall to make a huge buy.
Maybe in 2 months we will have another alt season !
Yes, I agree wit you because most people believe the market will still dip a bit and they will prefer to buy the altcoin when the price is lower than it is now that is why the price of altcoin are no reacting to the bitcoin pump because the price of a coin is dependent on the rate of demand and supply. I am sure when people pump the price of altcoin, then there will be positive rise in the price. Maybe in 2 months we will have another alt season !
Actually, not all the alts had also increase after btc had started a slight pump this day but majority seems to be increasing. I hope that the current movement will continue further such that btc could be able to reach over the $7K mark thus, it could also improve the altcoin market as well.
Seems to keep end up being a bear trap. Hopefully it's different this time. I'm not too concerned with Bitcoin still over $6k though to be honest.
It is normal that the alternativecoins does not overreacting to the bitcoin pump
because the company of bitcoin and ethereum are not related to each other so no reason to overreacting.
because the company of bitcoin and ethereum are not related to each other so no reason to overreacting.
That could be due to the fact that the price of bitcoin is not moving much. And since the price is always going back down just as fast as it went up then there is no time for the altcoins to react to this change in price. What we should hope for is for there to be a more substantial change in price, that way, the altcoins can follow the increase in price.
Actually, not all altcoins will be pumped if Bitcoin will having an upswing, it really depends on the volume of demands on every coin in the market but this will not give a negative to Bitcoin because of we have also a supply and demand rule.
bitcoin movement is decreasing it will have decreased altcoin affect, these few weeks bitcoin is not a significant increase, maybe after the world cup I hope bitcoin there is an increase
This is my observation or am I dreaming!
Usually price hikes in Bitcoin have MORE positive price movements in ALTs: This time it is not playing out like that.
I think it is because bitcoin itself is also not so reacting to altcoin and so now many people prefer to invest in Bitcoin with long term because now altcoin prices always follow the movement of bitcoinUsually price hikes in Bitcoin have MORE positive price movements in ALTs: This time it is not playing out like that.
I think the balance is slowly coming to the crypto markets. I am a person who thinks that artificial bonds between bitcoin and altcoins will weaken and eventually disappear.
I guess you are right at your observation. But I think it will take some time to stable market, In compare price of BTC and ALTcoin that are totally opposite if the BTC rises then ALTcoin go down. But I believe we all get the good news on price of ALTcoin.
If the altcoins value is higher than bitcoin then it is only due to the supply of more and if altcoins increase than bitcoin then there will be a revolution in cryptocurrency. I think we are going to have a time when altcoins will be able to become independent of bitcoin.
This is my observation or am I dreaming!
Usually price hikes in Bitcoin have MORE positive price movements in ALTs: This time it is not playing out like that.
yes, of course, because Altcoin always follow the movement than from now on with the bitcoin prices from a few months ago and a few weeks ago Altcoin directly follow the bitcoin movement and now many people who invest in Bitcoin and hold their altcoin Usually price hikes in Bitcoin have MORE positive price movements in ALTs: This time it is not playing out like that.
The market of crypto currency is extremely unpredictable. The prices of the coins fluctuate regularly. It is not necessary for the prices to follow a specific pattern. As new investors, crypto currencies, government law are relating to the market constantly the pattern will change. Yet a good knowledge on the market will at least allow an investor to make a prediction on the market.
The market is just on the verge of a pump. It is just improving. These things take time to get their course to run in action. We need to be a little bit more patient and wait, and hold to our investments a little bit longer; for the market to hit an upward slope fully.
As I remember the previous bull run on bitcoin started from some pump on fundamental altcoins. Now we see similar situations some altcoins start to pump like it was last summer.
It is necessary to overcome the level of 6800$. Then we can talk about the market reversal. In the meantime, it's scary to invest in Altcoin. We need to wait a little longer and many altcoins will go up.
This is my observation or am I dreaming!
Usually price hikes in Bitcoin have MORE positive price movements in ALTs: This time it is not playing out like that.
indeed it is true because altcoin always follow the movement of bitcoin so from it altcoin not too react if bitcoin price undergoes pumping and so if bitcoin price rises automatically Altcoin price will go up and can be beneficial again because now there are many people who hold altcoin and wait for altcoin price backUsually price hikes in Bitcoin have MORE positive price movements in ALTs: This time it is not playing out like that.
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