The ALTS are not tanking.. | Bitcointalksearch.org

Wilhelm

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Quote from: torpedo on September 17, 2014, 01:16:55 PM

no alt was able to detach itself from btc so they're all linked to its price. Until we get 2-3 independant coins. When btc will drop, alts will too but it doesn't mean that when btc rise, alts will too.

LTC and BTC influence each other and are known to both go their own ways.
Thats why I don't see LTC as an alt. It's the father of scrypt coins

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: adamstgBit on September 16, 2014, 04:42:38 PM

if everyone could rush into cannabis coin all at once that be gr8.

I smoked all my cannabis coin ):

Eastwind

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Most alts are get rich quick scheme.

scarsbergholden

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Quote from: spazzdla on September 16, 2014, 02:37:45 PM

Just saying... the alts are on the rise while BTC is down slightly this is very unusual.

Meh, these things go in cycles. Remember October/November 2013? Alts tanked massively across the board as bitcoin bubbled. Then they bottomed and BOOM -- they outperformed BTC like a boss. If BTC finds bottom and starts to rally, that is maybe when we see alts plummet.

spazzdla

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Quote from: counter on September 16, 2014, 09:20:18 PM

The fact that the Alt's aren't tanking is very telling of the faith people have in Bitcoin. If Bitcoin was in trouble people would likely sell their alts minus a few maybe. The fact that they are holding is very telling about the feelings of the crypto community as a whole from my point of view.

This is kind of what I was thinking.. Everytime since DEC if BTC drops 5% the alts tank 10-100%.. until now. It's just a very interesting change in trend.

I was referring more to the alts +2 million networth cap.. I don't really care what an alt coin with a market cap of $100 is doing.

var53

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Most alts look like they are beginning to tank now Bitcoin has dropped below $450.

torpedo

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AI Growth Hacking, Crowd Shilling, and Guerrilla M

no alt was able to detach itself from btc so they're all linked to its price. Until we get 2-3 independant coins. When btc will drop, alts will too but it doesn't mean that when btc rise, alts will too.

Unbelive

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Invest & Earn: https://cloudthink.io

Quote from: spazzdla on September 16, 2014, 02:37:45 PM

Just saying... the alts are on the rise while BTC is down slightly this is very unusual.

Alts follow BTC. When BTC goes up alts goes up when BTC goes down, alts goes up. But.

Because of alts, when BTC goes up goes slower as would go without and when goes down goes slower as would go without. That makes BTC mush more stable. So.
Alts dont make BTC better because of all technology innovations, that BTC developers can steal and put into BTC, but it also makes it more stable and more adoptive fro the global economy.

Yololintian

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Alts did tank in mid august, around the same time bitcoin was tanking. Since then they have recovered greatly, but everything will probably starting going down again soon. Also, I think that alts have gone up so much over the past few weeks because people are very bored with bitcoin, so speculators are more eager to participate in pump and dumps of various altcoins at the moment. Once bitcoin is clearly downtrending again, the speculators will have no second thoughts about selling their altcoins for bitcoins and then selling their bitcoins for fiat; many will panic, as always.

counter

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Time is on our side, yes it is!

The fact that the Alt's aren't tanking is very telling of the faith people have in Bitcoin. If Bitcoin was in trouble people would likely sell their alts minus a few maybe. The fact that they are holding is very telling about the feelings of the crypto community as a whole from my point of view.

yayayo

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The altcoins are in constant decline since months. A small rise does not mean that the downtrend is broken.

I don't think that many altcoins will survive in the longterm. Maybe 2-4 will establish and maintain a somewhat significant market share. But these coins have to offer some really significant innovation that Bitcoin doesn't - a few tweaks on the parameters are not enough. I think the most promising candidates are Namecoin (the oldest altcoin; censorship-resistant domain system), one of the privacy-enhancing alts, and one of the "2nd generation" coins (Mastercoin, Counterparty, Nxt....).

Of course you can always trade shortterm if you know what you're doing. But I don't think that investing in the broad altcoin market is a good idea.

ya.ya.yo!

electricmarbles

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the ALTs are not really doing great, relatively speaking, if a coin goes from 1 cent to 2 cents in a day, although it is 100% growth, its not really a significant bankable amount.

torpedo

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AI Growth Hacking, Crowd Shilling, and Guerrilla M

24h or 48h isn't enough to say that BTC or alts are rising or dropping. The volatility is too high to be accurate on how the market react.

TaunSew

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Bitcoin has whales who are dumping for luxury vehicles and computer hardware; then the miners who are also dumping 80% of what they mine to pay for overhead and other expenses.

This is compared to most alternates where there is no downward pressure except for the coins with whales who are cashing out.

Benjig

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Dont be fool, no other alt has all the merchant adoption and infraestructure like bitcoin.. some alt currencies can skyrocket in market cap but bitcoin is not going down neither.

adamstgBit

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if everyone could rush into cannabis coin all at once that be gr8.

var53

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There always seems to be at least one alt rising, even during bitcoin's worst crashes.

adamstgBit

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my alt is tanking Undecided

truehold3r

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There are alts tanking and alts rising, as usual

var53

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That's rather an optimistic forecast for you!

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