The Alts are not overreacting to the Bitcoin pump! - page 3.

lifesgood10

member

Activity: 378

Merit: 13

Quote from: jamesashmore1964 on July 04, 2018, 11:31:08 AM

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. This could have a negative impact on the Bitcoin price!
I could say more but I will leave it at that!

Do not be surprised
The price of altcoins can only hyke when there is a significant demand for the token
A pump occurs when demand is more than supply

But altcoins supply are more than the demands so probability of rising is 0%
Just focus on your trades and profits and neglect those small pumps

nick_2017

full member

Activity: 490

Merit: 100

I think it's artificial increase of cryptocurrency price. Big players manipulate market with helping of futures. I don't see demand for crypto.

rayk

full member

Activity: 448

Merit: 100

But bitcoin does not rise hard as well, the sudden increase in bitcoin's price is followed by little dumps, it can't even reach $7000 yet but I agree alts are very weak anymore.

Gab20

jr. member

Activity: 714

Merit: 3

I feel we are gradually getting to the time when altcoins will be be able to stand independent of bitcoins. I have seen situations where despite the downward movement of bitcoin, some altcoins are still moving uptrend.

Nimbusrf

newbie

Activity: 210

Merit: 0

I believe that altcoins repeat bitcoin-the growth and fall in prices.

Tramirostronix

sr. member

Activity: 1078

Merit: 340

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 !

CryptoRaymond

jr. member

Activity: 142

Merit: 1

If altcoins price move up more with the few upward of bitcoin price, it only happened for the demand and supply. If your thought is true, I think, demand of altcoins is less than previous. If demand rise, you will see the upside movement of altcoins more than bitcoin.

jamesashmore1964

jr. member

Activity: 336

Merit: 3

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.

Topic: The Alts are not overreacting to the Bitcoin pump! - page 3. (Read 394 times)