The higher the rise, the bigger the plunge (btc vs alts)

MiBambino

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Quote from: Fatunad on October 15, 2017, 01:29:53 PM

Quote from: Armstand on October 15, 2017, 01:22:19 PM

Quote from: MiBambino on October 15, 2017, 11:58:47 AM

Quote from: thepo1m on October 15, 2017, 10:54:11 AM

I don't think Bitcoin price will plunge, altcoin will only need to go and meet Bitcoin at the top, there are some prjection that by March 2018, Bitcoin will be at $10k

By march 2018 that may be right, but before it goes there it'll drop, it has always done that, and it will keep doing that

Every pump have a corresponding dump, what we don't know is up to what amount and when will it occur, so always have a backup plan and backup cash too sinace it will be long ride. Roll Eyes

We should really get used to it knowing crypto trading is really just like a sea which it do have waves and for us traders or investors we should really know how to ride incase if theres a storm.Back up plans would really be always suggested incase of unexpected things do happen.$10k price prediction is somehow possible but not would happen on next year for sure.

Bitcoin is always a solid hedge, just like right now. In that case you can always invest some in the alts in case they dump

Choosewise

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Sooner or later the money is going to flow into alts. The higher bitoin goes, the stronger alts rebound will be.

atc1-REAL

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Now that the fork is happening,seemingly, the trend is positive toward the fork. It's possible that people want to repeat the success of BCH so that they're grabbing bitcoin as much as they can whereas other btc owners are holding as well. So the price is increasing because of that. There seems to be a reasonable level of certainty as to what will happen after the fork , which is that there might be a massive dump because they may move their money into altcoins again.

MiBambino

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Quote from: Jeanrogerrabite on October 15, 2017, 02:37:42 PM

The problem with many alts is that tokens are useless for the moment. Many projects can't explain why you should hold their tokens for a real use and I think it's dangerous.

The tokens are basically tradeable shares, barely different from the shares of microsoft or google, except they're spendable to some extent

Jeanrogerrabite

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The problem with many alts is that tokens are useless for the moment. Many projects can't explain why you should hold their tokens for a real use and I think it's dangerous.

HoLeeDik

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I must say I think 10k is very possible soon. I think around June or July bitcoin will be 10k A LOT of people are getting into bitcoin and altcoins at the time.

Fatunad

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Quote from: Armstand on October 15, 2017, 01:22:19 PM

Quote from: MiBambino on October 15, 2017, 11:58:47 AM

Quote from: thepo1m on October 15, 2017, 10:54:11 AM

I don't think Bitcoin price will plunge, altcoin will only need to go and meet Bitcoin at the top, there are some prjection that by March 2018, Bitcoin will be at $10k

By march 2018 that may be right, but before it goes there it'll drop, it has always done that, and it will keep doing that

Every pump have a corresponding dump, what we don't know is up to what amount and when will it occur, so always have a backup plan and backup cash too sinace it will be long ride. Roll Eyes

We should really get used to it knowing crypto trading is really just like a sea which it do have waves and for us traders or investors we should really know how to ride incase if theres a storm.Back up plans would really be always suggested incase of unexpected things do happen.$10k price prediction is somehow possible but not would happen on next year for sure.

Armstand

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Quote from: MiBambino on October 15, 2017, 11:58:47 AM

Quote from: thepo1m on October 15, 2017, 10:54:11 AM

I don't think Bitcoin price will plunge, altcoin will only need to go and meet Bitcoin at the top, there are some prjection that by March 2018, Bitcoin will be at $10k

By march 2018 that may be right, but before it goes there it'll drop, it has always done that, and it will keep doing that

Every pump have a corresponding dump, what we don't know is up to what amount and when will it occur, so always have a backup plan and backup cash too sinace it will be long ride. Roll Eyes

MiBambino

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Quote from: thepo1m on October 15, 2017, 10:54:11 AM

I don't think Bitcoin price will plunge, altcoin will only need to go and meet Bitcoin at the top, there are some prjection that by March 2018, Bitcoin will be at $10k

By march 2018 that may be right, but before it goes there it'll drop, it has always done that, and it will keep doing that

thepo1m

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I don't think Bitcoin price will plunge, altcoin will only need to go and meet Bitcoin at the top, there are some prjection that by March 2018, Bitcoin will be at $10k

MiBambino

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Quote from: el kaka22 on October 14, 2017, 06:05:23 AM

Quote from: MiBambino on October 13, 2017, 02:50:24 PM

History always repeats itself, because people suddenly aren't going to become rational investors and leave their emotions aside. As soon as bitcoin starts falling, people will panic sell, and sell orders will be filled as well. The alts will rise because that's happened time after time again. People expect it, so it'll be a self fulfilling prophecy.
Either way, none of us can predict the future, we'll see.

Happy trading!

Digital market is a volatile one and yeah past has a good way of reflecting but don't you think so people are getting aware of the fact that after every dump in the price of bitcoin, its value skyrockets and now people will be more careful during the dip.

They won't repeat their past mistakes. At least some of them will not do panic selling out. Investors trust bitcoin now more than ever.

Old investors might not make the same mistakes, but new investors will. Also, the whales will cash out billions when bitcoin hits 6K, and they'll buy the alts that are so damn low right now to make even more billions in a matter of weeks. That's the way it's always been, and there really isn't an easier way to double or triple your money in a very short period of time

streazight

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Quote from: pereira4 on October 12, 2017, 07:00:08 PM

Quote from: kronos123 on October 12, 2017, 06:12:06 PM

But I think Bitcoin has started a new upward cycle that will bring it well over $ 6,000; in my opinion, it will grow for this whole month of October and until mid-November, when the next segwit2x fork will approach.
I believe that in those days Bitcoin can do intraday tricks up to $ 8,000-9,000, then go down violently as you say, and maybe go to touch the old ATH at $ 5,000 that he just broke right now.

If you look even in the past, after the big growths, when bitcoin collapses it drops by at least 40%. The $ 8,000-9,000 range with a 40% drop just goes up to the $ 5,000 of the old ATH.

In any case, it will be an interesting month, and perhaps a blood bath for Alt Grin

It's hard to say how bitcoin will go this time. There's no way to know really. This could be the top, or $7000 could be it, hell even $10000.

But what seems rather clear is that sooner or later, the cycle will end and then alts will rise again. I don't believe this is the end of altcoins as we know them. Maybe eventually most alts will die, but I think after BTC takes a break, alts will rise again an those that bought the right one when they were really low, will make pretty sweet gains.

The cycle will most definitely end. August fork came with its own huge dips and immediately after the fork and some few days passed, we started noticing some good turn for most of the altcoin. However, this plunge this time around was huge due to the huge bullish stunts btc pulled with the high percentage run. One thing I know for sure is that the market as a whole is really getting big.

burdeN

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You don't need to be a genius to predict that BTC will face a correction, it's pretty natural. It's price rose due to money flow from alts to btc. And once the majority of such investors take their profits, they will sell their btc, and move back to altcoins or even fiat, then we will see a correction to support level

MiBambino

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Quote from: Idrisu on October 14, 2017, 09:58:49 AM

Quote from: MiBambino on October 12, 2017, 01:53:16 PM

With Bitcoin rising so fast and the alts losing so much due to a number of factors (bitcoingold and upcoming segwitx2, among others), I can't help but wonder WHEN it'll all come crashing back down. Obviously the alts are in a perfect accumulation state (already doubled my holdings of most alts including SONM), so I'm really not too worried about it, but this is a rise that cannot sustain itself.

My guess is by the end of october bitcoin will have dropped back from 6K to about 4.5K, which means about 20-25 billion dollars will flow out of the market, and some will flow right back into the cheap yet durable alts like NEO, SONM, ETH, LTC, ...

What do you guys think?

This your speculation may happen but I don't think bitcoin is going to dump to as low as $4500. I doubt if we would get to that level before end of this year. However, funds are going to flow back into alternative coins market from fiat and bitcoin market as many traders will definitely take profits from the recent up rising of bitcoin price. Sigwit2x activation and all the hardfork issues are going to push bitcoin price up like it happened during the last one in August this year. Moreso, we may experience both bitcoin and altcoins market getting pump as it happened after first of August splitting.

Depends on where it goes before the dip. It usually loses about 30% after an insane rally like this one

djsugar

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Quote from: MiBambino on October 12, 2017, 01:53:16 PM

With Bitcoin rising so fast and the alts losing so much due to a number of factors (bitcoingold and upcoming segwitx2, among others), I can't help but wonder WHEN it'll all come crashing back down. Obviously the alts are in a perfect accumulation state (already doubled my holdings of most alts including SONM), so I'm really not too worried about it, but this is a rise that cannot sustain itself.

My guess is by the end of october bitcoin will have dropped back from 6K to about 4.5K, which means about 20-25 billion dollars will flow out of the market, and some will flow right back into the cheap yet durable alts like NEO, SONM, ETH, LTC, ...

What do you guys think?

This is likely an outcome. Alts are at the best available price to increase holding and to diversify the portfolio with the best potential coins. Even I have bought a lot in recent some days. Bitcoin will definitely gonna have a correction that too most likely to be after fork when everybody would have claimed their BTG. Otherwise a bubble might build up. A correction is always needed after a ridiculous price increase of an asset which is running on demand. But even before BTC price correction, alts will start appreciating as buying activity has already increased.

Idrisu

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Quote from: MiBambino on October 12, 2017, 01:53:16 PM

With Bitcoin rising so fast and the alts losing so much due to a number of factors (bitcoingold and upcoming segwitx2, among others), I can't help but wonder WHEN it'll all come crashing back down. Obviously the alts are in a perfect accumulation state (already doubled my holdings of most alts including SONM), so I'm really not too worried about it, but this is a rise that cannot sustain itself.

My guess is by the end of october bitcoin will have dropped back from 6K to about 4.5K, which means about 20-25 billion dollars will flow out of the market, and some will flow right back into the cheap yet durable alts like NEO, SONM, ETH, LTC, ...

What do you guys think?

This your speculation may happen but I don't think bitcoin is going to dump to as low as $4500. I doubt if we would get to that level before end of this year. However, funds are going to flow back into alternative coins market from fiat and bitcoin market as many traders will definitely take profits from the recent up rising of bitcoin price. Sigwit2x activation and all the hardfork issues are going to push bitcoin price up like it happened during the last one in August this year. Moreso, we may experience both bitcoin and altcoins market getting pump as it happened after first of August splitting.

nhote

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Quote from: Samarkand on October 13, 2017, 07:18:38 AM

Quote from: nhote on October 12, 2017, 07:55:59 PM

...

i'm also betting on ETH showing some interesting growth in the coming weeks, after a stagnating period and hopefully a successful fork... we'll see!

I´d strongly advise against doing this!

ETH´s upside is severely limited by all the ICOs. If ETH gains a few % ICOs sell
a part of their raised ETH. There is no way ETH is going to increase substantially while
all these ICOs are interested in cashing out from ETH.

Bitcoin´s recent surge isn´t helping either, because many people realize that Bitcoin
is preferable to all the altcoins.

thanks for the advice. you may have a point, of course, but i remain highly bullish on ETH in the short term. if the Segwitx2 fork will happen, it will probably be contentious, and many big investors may see ETH as a way to hedge their position in BTC away from FUD, sustaining ETH's price. that's at least my bet. as to the mid- to long-term, too many unknown variables to hazard forecasts - you might be right but it might also be taht ICOs will end up bringing extra value to ETH once regulated somehow... we''ll see.

el kaka22

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Quote from: MiBambino on October 13, 2017, 02:50:24 PM

History always repeats itself, because people suddenly aren't going to become rational investors and leave their emotions aside. As soon as bitcoin starts falling, people will panic sell, and sell orders will be filled as well. The alts will rise because that's happened time after time again. People expect it, so it'll be a self fulfilling prophecy.
Either way, none of us can predict the future, we'll see.

Happy trading!

Digital market is a volatile one and yeah past has a good way of reflecting but don't you think so people are getting aware of the fact that after every dump in the price of bitcoin, its value skyrockets and now people will be more careful during the dip.

They won't repeat their past mistakes. At least some of them will not do panic selling out. Investors trust bitcoin now more than ever.

MiBambino

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Quote from: BitcoinHodler on October 13, 2017, 08:18:49 AM

Quote from: MiBambino on October 12, 2017, 01:53:16 PM

With Bitcoin rising so fast and the alts losing so much due to a number of factors (bitcoingold and upcoming segwitx2, among others), I can't help but wonder WHEN it'll all come crashing back down.

it is IF it comes down. you know that not everything that goes up, comes down. you can see bitcoin and all the topics that have been posted by many users like you who said "when will it come down" but as you can see, it is still rising.
don't confuse bitcoin's correction with coming down and also don't confuse the pumps that altcoins have with bitcoin's rally.

Quote

Obviously the alts are in a perfect accumulation state (already doubled my holdings of most alts including SONM), so I'm really not too worried about it, but this is a rise that cannot sustain itself.

NOT YET.

i think it is too soon to start buying altcions because not only they have not stopped but also they have not even showed the first signs of slowing down. the drop is in its starting phase.

Quote

My guess is by the end of october bitcoin will have dropped back from 6K to about 4.5K, which means about 20-25 billion dollars will flow out of the market, and some will flow right back into the cheap yet durable alts like NEO, SONM, ETH, LTC, ...

What do you guys think?

first it has to go to $6000, and it depends on how it will get there. if it is the current trend and if 6k is reached in a short time (like in a week) then obviously it will fall.
if it takes a longer time with some corrections on the way up, the drop will become less and less likely and smaller correction only.

also remember than not all the money goes back to altcoins. many will go back to fiat.
that doesn't mean alts won't come back though.

History always repeats itself, because people suddenly aren't going to become rational investors and leave their emotions aside. As soon as bitcoin starts falling, people will panic sell, and sell orders will be filled as well. The alts will rise because that's happened time after time again. People expect it, so it'll be a self fulfilling prophecy.
Either way, none of us can predict the future, we'll see.

Happy trading!

BitcoinHodler

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Quote from: MiBambino on October 12, 2017, 01:53:16 PM

With Bitcoin rising so fast and the alts losing so much due to a number of factors (bitcoingold and upcoming segwitx2, among others), I can't help but wonder WHEN it'll all come crashing back down.

it is IF it comes down. you know that not everything that goes up, comes down. you can see bitcoin and all the topics that have been posted by many users like you who said "when will it come down" but as you can see, it is still rising.
don't confuse bitcoin's correction with coming down and also don't confuse the pumps that altcoins have with bitcoin's rally.

Quote

Obviously the alts are in a perfect accumulation state (already doubled my holdings of most alts including SONM), so I'm really not too worried about it, but this is a rise that cannot sustain itself.

NOT YET.

i think it is too soon to start buying altcions because not only they have not stopped but also they have not even showed the first signs of slowing down. the drop is in its starting phase.

Quote

My guess is by the end of october bitcoin will have dropped back from 6K to about 4.5K, which means about 20-25 billion dollars will flow out of the market, and some will flow right back into the cheap yet durable alts like NEO, SONM, ETH, LTC, ...

What do you guys think?

first it has to go to $6000, and it depends on how it will get there. if it is the current trend and if 6k is reached in a short time (like in a week) then obviously it will fall.
if it takes a longer time with some corrections on the way up, the drop will become less and less likely and smaller correction only.

also remember than not all the money goes back to altcoins. many will go back to fiat.
that doesn't mean alts won't come back though.

littlebill16

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There has to be some sort of correction with the btc price because it has now gone from just under 3k to nearly 6k in around a months time. The hope for alts is that when bitcoin inevitably hits a stumbling point that the money flows in to alts instead of out of cryptos all together.

shintosai

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Quote from: Samarkand on October 13, 2017, 07:18:38 AM

Quote from: nhote on October 12, 2017, 07:55:59 PM

...

i'm also betting on ETH showing some interesting growth in the coming weeks, after a stagnating period and hopefully a successful fork... we'll see!

I´d strongly advise against doing this!

ETH´s upside is severely limited by all the ICOs. If ETH gains a few % ICOs sell
a part of their raised ETH. There is no way ETH is going to increase substantially while
all these ICOs are interested in cashing out from ETH.

Bitcoin´s recent surge isn´t helping either, because many people realize that Bitcoin
is preferable to all the altcoins.

Will all depends on how the current things ends up bitcoin still on its way to reach much bigger value while alts are struggling and even good and quality projects are affected too much, ETH will make its move after some corrections happen again with btc price.

Samarkand

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Quote from: nhote on October 12, 2017, 07:55:59 PM

...

i'm also betting on ETH showing some interesting growth in the coming weeks, after a stagnating period and hopefully a successful fork... we'll see!

I´d strongly advise against doing this!

ETH´s upside is severely limited by all the ICOs. If ETH gains a few % ICOs sell
a part of their raised ETH. There is no way ETH is going to increase substantially while
all these ICOs are interested in cashing out from ETH.

Bitcoin´s recent surge isn´t helping either, because many people realize that Bitcoin
is preferable to all the altcoins.

MiBambino

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Quote from: BMG86 on October 12, 2017, 08:42:56 PM

Quote from: CodyAlfaridzi on October 12, 2017, 06:30:35 PM

Agree. This recent rise to $5.3K is too fast. We went from flash crash $2.9K to $5.3K bull run within a month (15 Sept to 13 Oct). Like you said, there must be a correction coming soon before we going any higher. It almost felt like a bubble now.

About where all that money will go, I don't think it will pour into altcoin either Tongue

All that money are too big for altcoin market right now. What kind of technology does altcoin have? There haven't many developments in the altcoin scene these recent months, probably because people are busy making all kinds of ICO.

There will be another correction, there always is. Just remember how fast bitcoin went up when it crashed from $2500 to $1800, once it fell to $1800 it quickly jumped to over $3k and then shortly after to over $4k and soon almost $5k before crashing back down to $2800. So Im thinking we may see it come close to touching $7k before taking a correction. Once it touches close to $7k, I'm thinking it will crash back down to $4500 while stabilzing in the $5500-$6000 range. But who really knows, this is only my prediction based on what we've seen in the past. Either way, if this pace continues with bitcoin, we may easily see $10,000 within the next 6 months.

I agree, well put

BMG86

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Quote from: CodyAlfaridzi on October 12, 2017, 06:30:35 PM

Agree. This recent rise to $5.3K is too fast. We went from flash crash $2.9K to $5.3K bull run within a month (15 Sept to 13 Oct). Like you said, there must be a correction coming soon before we going any higher. It almost felt like a bubble now.

About where all that money will go, I don't think it will pour into altcoin either Tongue

All that money are too big for altcoin market right now. What kind of technology does altcoin have? There haven't many developments in the altcoin scene these recent months, probably because people are busy making all kinds of ICO.

There will be another correction, there always is. Just remember how fast bitcoin went up when it crashed from $2500 to $1800, once it fell to $1800 it quickly jumped to over $3k and then shortly after to over $4k and soon almost $5k before crashing back down to $2800. So Im thinking we may see it come close to touching $7k before taking a correction. Once it touches close to $7k, I'm thinking it will crash back down to $4500 while stabilzing in the $5500-$6000 range. But who really knows, this is only my prediction based on what we've seen in the past. Either way, if this pace continues with bitcoin, we may easily see $10,000 within the next 6 months.

nhote

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Quote from: jjdub7 on October 12, 2017, 05:59:53 PM

Quote from: MiBambino on October 12, 2017, 01:53:16 PM

With Bitcoin rising so fast and the alts losing so much due to a number of factors (bitcoingold and upcoming segwitx2, among others), I can't help but wonder WHEN it'll all come crashing back down. Obviously the alts are in a perfect accumulation state (already doubled my holdings of most alts including SONM), so I'm really not too worried about it, but this is a rise that cannot sustain itself.

My guess is by the end of october bitcoin will have dropped back from 6K to about 4.5K, which means about 20-25 billion dollars will flow out of the market, and some will flow right back into the cheap yet durable alts like NEO, SONM, ETH, LTC, ...

What do you guys think?

Today I decided to do a little slap with 35% of my BTC holdings with BTC-ALTs-BTC when bitcoin price fall again and ETH-LTC-DASH stays at the same level.

I think ETH is under-priced with this 300 range and BTC higher than 5300.

Hopefully this is the right decision...

i'm also betting on ETH showing some interesting growth in the coming weeks, after a stagnating period and hopefully a successful fork... we'll see!

nhote

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Quote from: MiBambino on October 12, 2017, 05:41:02 PM

Quote from: nhote on October 12, 2017, 04:33:20 PM

Quote from: ?? on ??

Quote from: nhote on October 12, 2017, 02:59:53 PM

i mentioned in another post (https://bitcointalksearch.org/topic/m.22349089) that we'd see BTC approaching 6,000$ by mid october - apparently i wasn't so wrong. but i agree that there'll be major pullbacks. BTG is a joke fork with light atmosphere around it and people just seeing the opportunity for free money. Segwitx2 is wholly different. it is highly contentious and will probably bring lots of FUD. i expect BTC to drop more dramatically than 4,500$ before that, perhaps even back down to 3,000$. i think only part of the money will stay with solid alts. most of it will probably go in tether and especially fiat. however, IF the fork will be successful and the community will manage to consensually handle its aftermath, then we may really have Lambo times ahead for our alts - something like last spring, i would hope. but it remains a very big IF atm.

...we all know that making any predictions in crypto is a bit like trying to see the future through astrology, but this is where i stand now...

I agree 100%

thanks. i've also come across some of your other posts advocating first NEO and now SNM, and it really seems that we share quite a few opinions on crypto Wink

Yeah I'm really active on this website, I'm actually making the transition to full time trader so the more threads I follow, the more I'm forced to learn, the better I'll trade. Happy trading friend!

thanks mate. happy trading to you and best luck with your transition - i suspect we'll cross paths a few times in the future Wink

pereira4

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Quote from: kronos123 on October 12, 2017, 06:12:06 PM

But I think Bitcoin has started a new upward cycle that will bring it well over $ 6,000; in my opinion, it will grow for this whole month of October and until mid-November, when the next segwit2x fork will approach.
I believe that in those days Bitcoin can do intraday tricks up to $ 8,000-9,000, then go down violently as you say, and maybe go to touch the old ATH at $ 5,000 that he just broke right now.

If you look even in the past, after the big growths, when bitcoin collapses it drops by at least 40%. The $ 8,000-9,000 range with a 40% drop just goes up to the $ 5,000 of the old ATH.

In any case, it will be an interesting month, and perhaps a blood bath for Alt Grin

It's hard to say how bitcoin will go this time. There's no way to know really. This could be the top, or $7000 could be it, hell even $10000.

But what seems rather clear is that sooner or later, the cycle will end and then alts will rise again. I don't believe this is the end of altcoins as we know them. Maybe eventually most alts will die, but I think after BTC takes a break, alts will rise again an those that bought the right one when they were really low, will make pretty sweet gains.

Nerman

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This is so true right now i am practically shopping altcoins and i am planning to accumulate more. Almost altcoins are on sale.
I am very confident that altcoins will recover after the fork. To be honest Right now i am half hearted if i am going to hold my bitcoin or sell it and buy more alts.

CodyAlfaridzi

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Agree. This recent rise to $5.3K is too fast. We went from flash crash $2.9K to $5.3K bull run within a month (15 Sept to 13 Oct). Like you said, there must be a correction coming soon before we going any higher. It almost felt like a bubble now.

About where all that money will go, I don't think it will pour into altcoin either Tongue

All that money are too big for altcoin market right now. What kind of technology does altcoin have? There haven't many developments in the altcoin scene these recent months, probably because people are busy making all kinds of ICO.

gedor

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I think so as well. Bitcoin is just rising because of fork and therefore it will also decline after the fork but I think altcoins will pump hard. They most are very undervalued now.

kronos123

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But I think Bitcoin has started a new upward cycle that will bring it well over $ 6,000; in my opinion, it will grow for this whole month of October and until mid-November, when the next segwit2x fork will approach.
I believe that in those days Bitcoin can do intraday tricks up to $ 8,000-9,000, then go down violently as you say, and maybe go to touch the old ATH at $ 5,000 that he just broke right now.

If you look even in the past, after the big growths, when bitcoin collapses it drops by at least 40%. The $ 8,000-9,000 range with a 40% drop just goes up to the $ 5,000 of the old ATH.

In any case, it will be an interesting month, and perhaps a blood bath for Alt Grin

jjdub7

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Quote from: MiBambino on October 12, 2017, 01:53:16 PM

With Bitcoin rising so fast and the alts losing so much due to a number of factors (bitcoingold and upcoming segwitx2, among others), I can't help but wonder WHEN it'll all come crashing back down. Obviously the alts are in a perfect accumulation state (already doubled my holdings of most alts including SONM), so I'm really not too worried about it, but this is a rise that cannot sustain itself.

My guess is by the end of october bitcoin will have dropped back from 6K to about 4.5K, which means about 20-25 billion dollars will flow out of the market, and some will flow right back into the cheap yet durable alts like NEO, SONM, ETH, LTC, ...

What do you guys think?

Today I decided to do a little slap with 35% of my BTC holdings with BTC-ALTs-BTC when bitcoin price fall again and ETH-LTC-DASH stays at the same level.

I think ETH is under-priced with this 300 range and BTC higher than 5300.

Hopefully this is the right decision...

4hajs

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Yes, I agree... We may see 2 months of the bear market on altcoins. This is so unfortunate but people are greedy, can't blame them right? We need to wait for like two months and we will see insane gainz on alts again! Just accumulate some alts. like neo, rpx they are good long term.

MiBambino

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Quote from: phr0stbyt3 on October 12, 2017, 04:33:59 PM

This is temporary mate very few coins have been able to maintain there price and money will be removed but trading will also happen simultaneously people are now only selling so maintaining the price is really hard. If you are not interested in the new coin just buy altcoins who's price according to you is low

Very true, I'm investing in Sonm right now and 2 ICO's called Change and Datum, we'll see how I'll fare with those

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Quote from: stomachgrowls on October 12, 2017, 04:42:26 PM

Quote from: MiBambino on October 12, 2017, 01:53:16 PM

With Bitcoin rising so fast and the alts losing so much due to a number of factors (bitcoingold and upcoming segwitx2, among others), I can't help but wonder WHEN it'll all come crashing back down. Obviously the alts are in a perfect accumulation state (already doubled my holdings of most alts including SONM), so I'm really not too worried about it, but this is a rise that cannot sustain itself.

My guess is by the end of october bitcoin will have dropped back from 6K to about 4.5K, which means about 20-25 billion dollars will flow out of the market, and some will flow right back into the cheap yet durable alts like NEO, SONM, ETH, LTC, ...

What do you guys think?

This is a normal thing indeed but i cant think off that bitcoin would reach out $6k on this month either after or before the fork but well it do really have the possibility on reaching that range but i can still say that there would be a dip but rather a zig-zag way on the price thinking off that the fork is back to back which means prices would really be pulling either on the top or bottom. Just like that and as a wise investors or traders we should know how to ride on the waves.

Buy the dips, accumulate, and hodl

MiBambino

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Quote from: disconnectme on October 12, 2017, 04:56:15 PM

Quote from: MiBambino on October 12, 2017, 01:53:16 PM

With Bitcoin rising so fast and the alts losing so much due to a number of factors (bitcoingold and upcoming segwitx2, among others), I can't help but wonder WHEN it'll all come crashing back down. Obviously the alts are in a perfect accumulation state (already doubled my holdings of most alts including SONM), so I'm really not too worried about it, but this is a rise that cannot sustain itself.

My guess is by the end of october bitcoin will have dropped back from 6K to about 4.5K, which means about 20-25 billion dollars will flow out of the market, and some will flow right back into the cheap yet durable alts like NEO, SONM, ETH, LTC, ...

What do you guys think?

It is a win win situation because the money entering BTC most of it will later flow back to Altcoins but the impatient attitude of most people resulted in these panic sale, I don't see BTC going back to $4000 if it break the $6000 barrier.

True, and each day new people enter the market, whilst very, very few ever leave the market completely

MiBambino

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Quote from: nhote on October 12, 2017, 04:33:20 PM

Quote from: ?? on ??

Quote from: nhote on October 12, 2017, 02:59:53 PM

i mentioned in another post (https://bitcointalksearch.org/topic/m.22349089) that we'd see BTC approaching 6,000$ by mid october - apparently i wasn't so wrong. but i agree that there'll be major pullbacks. BTG is a joke fork with light atmosphere around it and people just seeing the opportunity for free money. Segwitx2 is wholly different. it is highly contentious and will probably bring lots of FUD. i expect BTC to drop more dramatically than 4,500$ before that, perhaps even back down to 3,000$. i think only part of the money will stay with solid alts. most of it will probably go in tether and especially fiat. however, IF the fork will be successful and the community will manage to consensually handle its aftermath, then we may really have Lambo times ahead for our alts - something like last spring, i would hope. but it remains a very big IF atm.

...we all know that making any predictions in crypto is a bit like trying to see the future through astrology, but this is where i stand now...

I agree 100%

thanks. i've also come across some of your other posts advocating first NEO and now SNM, and it really seems that we share quite a few opinions on crypto Wink

Yeah I'm really active on this website, I'm actually making the transition to full time trader so the more threads I follow, the more I'm forced to learn, the better I'll trade. Happy trading friend!

disconnectme

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Quote from: MiBambino on October 12, 2017, 01:53:16 PM

With Bitcoin rising so fast and the alts losing so much due to a number of factors (bitcoingold and upcoming segwitx2, among others), I can't help but wonder WHEN it'll all come crashing back down. Obviously the alts are in a perfect accumulation state (already doubled my holdings of most alts including SONM), so I'm really not too worried about it, but this is a rise that cannot sustain itself.

My guess is by the end of october bitcoin will have dropped back from 6K to about 4.5K, which means about 20-25 billion dollars will flow out of the market, and some will flow right back into the cheap yet durable alts like NEO, SONM, ETH, LTC, ...

What do you guys think?

It is a win win situation because the money entering BTC most of it will later flow back to Altcoins but the impatient attitude of most people resulted in these panic sale, I don't see BTC going back to $4000 if it break the $6000 barrier.

stomachgrowls

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Quote from: MiBambino on October 12, 2017, 01:53:16 PM

With Bitcoin rising so fast and the alts losing so much due to a number of factors (bitcoingold and upcoming segwitx2, among others), I can't help but wonder WHEN it'll all come crashing back down. Obviously the alts are in a perfect accumulation state (already doubled my holdings of most alts including SONM), so I'm really not too worried about it, but this is a rise that cannot sustain itself.

My guess is by the end of october bitcoin will have dropped back from 6K to about 4.5K, which means about 20-25 billion dollars will flow out of the market, and some will flow right back into the cheap yet durable alts like NEO, SONM, ETH, LTC, ...

What do you guys think?

This is a normal thing indeed but i cant think off that bitcoin would reach out $6k on this month either after or before the fork but well it do really have the possibility on reaching that range but i can still say that there would be a dip but rather a zig-zag way on the price thinking off that the fork is back to back which means prices would really be pulling either on the top or bottom. Just like that and as a wise investors or traders we should know how to ride on the waves.

phr0stbyt3

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This is temporary mate very few coins have been able to maintain there price and money will be removed but trading will also happen simultaneously people are now only selling so maintaining the price is really hard. If you are not interested in the new coin just buy altcoins who's price according to you is low

nhote

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Quote from: ?? on ??

Quote from: nhote on October 12, 2017, 02:59:53 PM

i mentioned in another post (https://bitcointalksearch.org/topic/m.22349089) that we'd see BTC approaching 6,000$ by mid october - apparently i wasn't so wrong. but i agree that there'll be major pullbacks. BTG is a joke fork with light atmosphere around it and people just seeing the opportunity for free money. Segwitx2 is wholly different. it is highly contentious and will probably bring lots of FUD. i expect BTC to drop more dramatically than 4,500$ before that, perhaps even back down to 3,000$. i think only part of the money will stay with solid alts. most of it will probably go in tether and especially fiat. however, IF the fork will be successful and the community will manage to consensually handle its aftermath, then we may really have Lambo times ahead for our alts - something like last spring, i would hope. but it remains a very big IF atm.

...we all know that making any predictions in crypto is a bit like trying to see the future through astrology, but this is where i stand now...

I agree 100%

thanks. i've also come across some of your other posts advocating first NEO and now SNM, and it really seems that we share quite a few opinions on crypto Wink

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Quote from: BMG86 on October 12, 2017, 04:11:36 PM

Bitcoin will reach $6000 to $7000 by time the 2nd fork starts in November. I don't see altcoins rising back before then.

Could be, I'm actually hoping it'll take a little longer before the alts go back up, I get paid in the beginning of november so if they stay down until then I can pick me up a few more good alts lol

BMG86

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Bitcoin will reach $6000 to $7000 by time the 2nd fork starts in November. I don't see altcoins rising back before then.

777asianinvasian

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For the sake of my current bags I sure hop so Cheesy

. I am mainly in altcoins right now and my portfolio is not looking hot. I think your assesment is quite accurate though because this mooning of btc is due to

the forking. And once the forking is over and people sell their bitcoingold everything should go back to normals!

nhote

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i mentioned in another post (https://bitcointalksearch.org/topic/m.22349089) that we'd see BTC approaching 6,000$ by mid october - apparently i wasn't so wrong. but i agree that there'll be major pullbacks. BTG is a joke fork with light atmosphere around it and people just seeing the opportunity for free money. Segwitx2 is wholly different. it is highly contentious and will probably bring lots of FUD. i expect BTC to drop more dramatically than 4,500$ before that, perhaps even back down to 3,000$. i think only part of the money will stay with solid alts. most of it will probably go in tether and especially fiat. however, IF the fork will be successful and the community will manage to consensually handle its aftermath, then we may really have Lambo times ahead for our alts - something like last spring, i would hope. but it remains a very big IF atm.

...we all know that making any predictions in crypto is a bit like trying to see the future through astrology, but this is where i stand now...

MiBambino

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IMUSIFY - Award Winning Blockchain Music Tech

With Bitcoin rising so fast and the alts losing so much due to a number of factors (bitcoingold and upcoming segwitx2, among others), I can't help but wonder WHEN it'll all come crashing back down. Obviously the alts are in a perfect accumulation state (already doubled my holdings of most alts including SONM), so I'm really not too worried about it, but this is a rise that cannot sustain itself.

My guess is by the end of october bitcoin will have dropped back from 6K to about 4.5K, which means about 20-25 billion dollars will flow out of the market, and some will flow right back into the cheap yet durable alts like NEO, SONM, ETH, LTC, ...

What do you guys think?

Topic: The higher the rise, the bigger the plunge (btc vs alts) (Read 1344 times)