I don't think it's that big a deal, and certainly not a reason to sell all of your long-term alts. Sometimes the market moves like this. If BTC pumps, some people sell some alts, if alts pump, some people sell some BTC.
Yes there is profit to be made by well-timed trading, but I don't think it spells the doom of the long-term holding strategy.
Topic: This CRASH on Altcoins is just EPIC! (Read 205 times)
...so glad i never become altcoins hodler in this crazy market.
The hard BTC pump now may send some altcoins to the starting point and some of them are already lower already. This market is nuts.
This maybe the end of altcoins....who is hodling any more?
The hard BTC pump now may send some altcoins to the starting point and some of them are already lower already. This market is nuts.
This maybe the end of altcoins....who is hodling any more?
Haven't really been paying attention to the market on altcoins a whole bunch here lately, but one coin I follow is up over 300% this past week. Check out ETP(Metaverse). It was down to $.60 just a week ago and is now $1.86 and even hit $2.04 earlier. So it's not all altcoins.
That was surely a pump and as usual the dump will be so catastrophic, it will dump so hard on those who FOMO. Overall, there's a correction going on and alts are the major casualties.
Just wait untill certain altcoins get into a bull run later this year, that will truly get to be EPIC.
...so glad i never become altcoins hodler in this crazy market.
The hard BTC pump now may send some altcoins to the starting point and some of them are already lower already. This market is nuts.
This maybe the end of altcoins....who is hodling any more?
I 'm still holding so many altcoins, i have participated in Zilliqa ico, ontology ico, open ico and many more. But so far they have been giving almost 100x return in the bitcoin terms and i feel so damn good about that. I have been buying a lot of kickcoin too when it was 0.0005 ETH and that has been giving me almost doubled its price and monthly airdrops worth more than 1k dollars. The hard BTC pump now may send some altcoins to the starting point and some of them are already lower already. This market is nuts.
This maybe the end of altcoins....who is hodling any more?
You cant talk about all altcoin a lot of them at the good levels now, and with bitcoin rush up to 10% many altcoins was up to 20-70%
It is possible that with ETF it might pump more and people pour into BTC moving away from alts.
This is my major concern with alts, because with BTC rallying to the top, money moves from alts to BTC as everyone tries to get a piece of the pie, thus leaving alts to suffer.
Well in the end, that is exactly what people hold and trade altcoins. To get more bitcoin in the end, and now everyone wants btc position as they are waiting etf decision in the august.
It is possible that with ETF it might pump more and people pour into BTC moving away from alts.
This is my major concern with alts, because with BTC rallying to the top, money moves from alts to BTC as everyone tries to get a piece of the pie, thus leaving alts to suffer.
What are you talking about? my Altcoins are doing great, the only altcoin that been rekt in my portfolio is Ethereum but I'm sure that Eth will recover, maybe you are talking about Shitcoins, Altcoin is a very general word to use
Alts are going really down again, bleeding out because of BTC dominance which is currently at over 40% of the total of market capitalization. Until the next BTC pump comes on stream, alts will continue to bleed and some may even become worthless.
The hard BTC pump now may send some altcoins to the starting point and some of them are already lower already.
bitcoin is not some shitcoin that can be pumped and dumped.
a big rally however is not going to change anything that wasn't already about to happen anyways. altcoins are getting dumped because they were pumped that is the only reason for it. bitcoin rise can only hasten the inevitable dumps not create them.
IMO this is good for all coin, btc and altcoin. i'm sure that btc pumping yesterday isnt EPIC, it will continue to rise
then, altcoin follows to rise like as bitcoin
then, altcoin follows to rise like as bitcoin
Remember the last time bitcoin pumped. It took few days/weeks for alts to catch up. I see same thing is happening now.
I'm always collecting Altcoins which I like because they are cheaper to buy and can possibly rise smoothly when the development goes well. We all like BTC but I'm hoping the rise of some coins in the future which I own about 600,000 token, if one day the coin will be worth even just $0.25, that will be a huge profit for me. I'm always hoping for a coin to go up like ETH because I believe when adoption finally come the money will give me security.
Every channel I go to says, Bitcoin is going to pump! So alts will pump harder, but yeah look at the top 10 now. Only Dash is the one green on my chart at 1.5% increase, same almost as Bitcoin. Everything else is 3 to 10% lower. They all climbed when Bitcoin first boomed, but now none of them can hold on to their gains. I'm seeing Monero and Litecoin that will not slip up so much, but ETH is a shocker to me. I thought it would at least cling on to 490.
you are being too emotional about the market in my opinion.
it is true that you should never bag hold any of the altcoins because they don't have any future. but at the same time it doesn't mean they are going to die just because they got dumped. the pump and dumps have been happening from the starting days of the altcoin market.
in fact they are created to be pumped and dumped.
what you need to do is to throw away emotions and only stick to logic and look for the pumps. only stay in the altcoins during their pumps not any longer.
it is true that you should never bag hold any of the altcoins because they don't have any future. but at the same time it doesn't mean they are going to die just because they got dumped. the pump and dumps have been happening from the starting days of the altcoin market.
in fact they are created to be pumped and dumped.
what you need to do is to throw away emotions and only stick to logic and look for the pumps. only stay in the altcoins during their pumps not any longer.
...so glad i never become altcoins hodler in this crazy market.
The hard BTC pump now may send some altcoins to the starting point and some of them are already lower already. This market is nuts.
This maybe the end of altcoins....who is hodling any more?
The hard BTC pump now may send some altcoins to the starting point and some of them are already lower already. This market is nuts.
This maybe the end of altcoins....who is hodling any more?
Haven't really been paying attention to the market on altcoins a whole bunch here lately, but one coin I follow is up over 300% this past week. Check out ETP(Metaverse). It was down to $.60 just a week ago and is now $1.86 and even hit $2.04 earlier. So it's not all altcoins.
It is possible that with ETF it might pump more and people pour into BTC moving away from alts.
...so glad i never become altcoins hodler in this crazy market.
The hard BTC pump now may send some altcoins to the starting point and some of them are already lower already. This market is nuts.
This maybe the end of altcoins....who is hodling any more?
The hard BTC pump now may send some altcoins to the starting point and some of them are already lower already. This market is nuts.
This maybe the end of altcoins....who is hodling any more?
Haven't really been paying attention to the market on altcoins a whole bunch here lately, but one coin I follow is up over 300% this past week. Check out ETP(Metaverse). It was down to $.60 just a week ago and is now $1.86 and even hit $2.04 earlier. So it's not all altcoins.
...so glad i never become altcoins hodler in this crazy market.
The hard BTC pump now may send some altcoins to the starting point and some of them are already lower already. This market is nuts.
This maybe the end of altcoins....who is hodling any more?
Those who have large sums of money can control the market and create many new games. I believe that if the sellers were panic it would be a very stupid thing since it could be a whale trap before it was pumped in July. Just wait and buy so many altcoins The hard BTC pump now may send some altcoins to the starting point and some of them are already lower already. This market is nuts.
This maybe the end of altcoins....who is hodling any more?
Yes, the crypto currency market will recover. If you now look at the charts of crypto currency, you can see that the crypto currency market is already starting to recover.
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