Tone Vays said that in next bull run altcoins will die

eaLiTy

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Quote from: ATSgrowth on March 13, 2019, 11:42:27 AM

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

It is a highly possible scenario that people selling off their altcoins to enter into bitcoin if there is a crazy rally like we saw in the past, we have seen situations like that in the past but within a time frame the alt coin market usually follows the market in a positive direction, only time will show what the future holds for alt coins when we see another huge rally, one thing is certain, the projects and coins that have no fundamentals will die out in the long run.

generalizethis

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Quote from: timmmers on March 15, 2019, 05:01:35 PM

Quote from: generalizethis on March 14, 2019, 04:17:06 PM

Quote from: ATSgrowth on March 13, 2019, 11:42:27 AM

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

I guess he doesn't look at charts. If he did, he'd see that that's the exact opposite of what has happened in every bull run. Historically altcoins increase in overall marketcap when there's a bull run, which obviously means bitcoin shrinks. I think it shrank to under 40% in the last bull run, so 25% wouldn't be out of the question in the next bull run if the long term trend stays as it always has. Maybe he got confused and meant in the next bear market as the market consolidates to bitcoin because noobs realize they have no clue what they're doing and buy what they think is "safe".

What will be interesting is if bitcoin drops below 25% of total marketcap and a new leader is crowned, do noobs still think bitcoin is the safe choice when the next bear market rolls around...

Are you kidding right Grin

90% of people here know Tone Vays and his channel.
Also he said that he is a famous trader, and you are talking about that he doesn´t look at charts? Did you even reading before writing?

Apparently the sarcasm went over your head. The point is that he should know from looking at the charts that his opinion isn't historically backed and is a maximalist fantasy.

LUCKMCFLY

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Quote from: disconnectme on March 17, 2019, 03:08:16 PM

Quote from: ATSgrowth on March 13, 2019, 11:42:27 AM

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

Tony Vays is very bias with his assessment of Altcoins, definitely we have many shit coins in the space and a lot of people has been extremely hurt, but people have short memories and will invest in anything that ill likely fetch them money. Altcoins have come to stay in IMO and will rise more and more

When Bitcoin enters its bullish stage, there will be many massive sales of altcoins, which will cause the fall of the altcoins, but at the time of correction of bitcoin is the ideal time to start buying altcoins, they are cheaper and the strategy would be hold. , because those who have bitcoins will begin to protect their gains in the altcoins, and these will begin to increase little by little.

All these movements are relative, and somehow they are coordinated so that investors begin to see the benefits of their investments in altcoins, this will only happen when Bitcoin enters the bullish phase. Maybe Tony Vays did not say everything that can happen and the market view did not reveal it completely, it only revealed a small part, but in these cases, he can not have total certainty about what will happen in the market.

disconnectme

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Quote from: ATSgrowth on March 13, 2019, 11:42:27 AM

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

Tony Vays is very bias with his assessment of Altcoins, definitely we have many shit coins in the space and a lot of people has been extremely hurt, but people have short memories and will invest in anything that ill likely fetch them money. Altcoins have come to stay in IMO and will rise more and more

ryzaadit

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First of all, went the bullish was started the bitcoin will dominance the market first and the altcoin value will descrease so high. But after the bitcoin on a stable price went the bullish already started, That`s the time of party Altcoin.

Reid

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No, I dont believe that.
There are still people who really believes in the new technology such as altcoin where they input new projects for the sake of saving the crypto world.

One example is Ethereum. It cannot be dumped that easily for there are still chances that it could go way up.
Anothere is BNB. Supporters wont just sell it for they believe Binance is the future exchange and will see a lot more bull than what is to happen.

wxxyrqa

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Quote from: evanescence on March 16, 2019, 06:17:13 PM

Quote from: timmmers on March 16, 2019, 03:01:20 PM

Quote from: prasad87 on March 15, 2019, 06:28:06 PM

I think it could be the other way around - well all fall so low that it's cheap to flip BTC and some rich dude like Roger or Vitalik goes for it.
Alts won't die when they offer utility that BTC does not.
But shitcoins need to disappear, can't really disagree with Tone Vays on this one.

But he is Bitcoin maximalist that means that he believes only in Bitcoin and all altcoins will disappear according to this idea, not some. So do you really agree with him Huh

.

Once he claims he's a bitcoin maximalist, the next thing you know he's posing with Craig Wright and agreeing with him.
Vays is kinda clueless about the fundamentals of crypto, but he's good at TA.
I also believe that alts should die for BTC to get a new bull run, but I don't believe this is gonna happen.
I partly agree with one particular statement, not his whole framework.

Today, many reputable people predict the further development of the cryptocurrency market, but each has its own nuances. A very significant conclusion about the current state of the cryptocurrency market is the statement about the majority of Altcoins, which will really lose their relevance, since they do not have a real product.

evanescence

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Quote from: timmmers on March 16, 2019, 03:01:20 PM

Quote from: prasad87 on March 15, 2019, 06:28:06 PM

I think it could be the other way around - well all fall so low that it's cheap to flip BTC and some rich dude like Roger or Vitalik goes for it.
Alts won't die when they offer utility that BTC does not.
But shitcoins need to disappear, can't really disagree with Tone Vays on this one.

But he is Bitcoin maximalist that means that he believes only in Bitcoin and all altcoins will disappear according to this idea, not some. So do you really agree with him Huh

.

Once he claims he's a bitcoin maximalist, the next thing you know he's posing with Craig Wright and agreeing with him.
Vays is kinda clueless about the fundamentals of crypto, but he's good at TA.
I also believe that alts should die for BTC to get a new bull run, but I don't believe this is gonna happen.
I partly agree with one particular statement, not his whole framework.

Leah38

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As for me I'll wait for the value of my alts to recover before selling them off. Some may die eventually like it always does for years Ive been in crypto, that seems to be what's happening ever since. But new altcoins will come for there are endless ICOs, STOs and IEOs.

ololajulo

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Quote from: GreatBug on March 16, 2019, 03:09:00 PM

Quote from: ATSgrowth on March 13, 2019, 11:42:27 AM

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

I think that some altcoins can actually die, but it will depend on how the project will develop. I think that in 2019 all the coins will take on value. During this proper bull run (probably in 2020) some altcoins can unfortunately lose.

Bear have some advantages of starving weak projects to death. Most of them made a big mistake of keeping most of the fund in bitcoin and ethereum, hoping to make more money with it but the market shrink right in their face. They couldnt fund the project longer while they have lot to spend on. Projects that dont have strategy to push volume in the market will eventually die, institutions are the only substitute for trust in ICO now.

GreatBug

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Quote from: ATSgrowth on March 13, 2019, 11:42:27 AM

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

I think that some altcoins can actually die, but it will depend on how the project will develop. I think that in 2019 all the coins will take on value. During this proper bull run (probably in 2020) some altcoins can unfortunately lose.

timmmers

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Quote from: prasad87 on March 15, 2019, 06:28:06 PM

I think it could be the other way around - well all fall so low that it's cheap to flip BTC and some rich dude like Roger or Vitalik goes for it.
Alts won't die when they offer utility that BTC does not.
But shitcoins need to disappear, can't really disagree with Tone Vays on this one.

But he is Bitcoin maximalist that means that he believes only in Bitcoin and all altcoins will disappear according to this idea, not some. So do you really agree with him Huh

.

prasad87

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I think it could be the other way around - well all fall so low that it's cheap to flip BTC and some rich dude like Roger or Vitalik goes for it.
Alts won't die when they offer utility that BTC does not.
But shitcoins need to disappear, can't really disagree with Tone Vays on this one.

miropp

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I agree. We can still see how almost all the altcoins are going down. They became so much that half of the need to get rid of exactly. I believe that some altcoins will still remain, but bitcoin will occupy a leading place among crypto.

timmmers

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Quote from: generalizethis on March 14, 2019, 04:17:06 PM

Quote from: ATSgrowth on March 13, 2019, 11:42:27 AM

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

I guess he doesn't look at charts. If he did, he'd see that that's the exact opposite of what has happened in every bull run. Historically altcoins increase in overall marketcap when there's a bull run, which obviously means bitcoin shrinks. I think it shrank to under 40% in the last bull run, so 25% wouldn't be out of the question in the next bull run if the long term trend stays as it always has. Maybe he got confused and meant in the next bear market as the market consolidates to bitcoin because noobs realize they have no clue what they're doing and buy what they think is "safe".

What will be interesting is if bitcoin drops below 25% of total marketcap and a new leader is crowned, do noobs still think bitcoin is the safe choice when the next bear market rolls around...

Are you kidding right Grin

90% of people here know Tone Vays and his channel.
Also he said that he is a famous trader, and you are talking about that he doesn´t look at charts? Did you even reading before writing?

Coin_trader

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Quote from: Oceat on March 14, 2019, 06:14:14 PM

Which altcoins he was referring to? Ethereum? Ripple? It will just gonna die if everyone of us dumps our altcoins and never buys it back again. I have seen a lot of these so-called experts people and yet they never get the right guess at the future. I think what he meant was the worst case scenario but it is the other way around that most likely gonna happen in the future.

If he's not really into cryptocurrency then he might be referring into all altcoins, which is quite impossible since there are still some good project that is just waiting for crypto bull to make ATH price again of their project.

Febo

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Quote from: ATSgrowth on March 13, 2019, 11:42:27 AM

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

Years ago he said that next bitcoin crash will cause all altcoins die and go to zero. Luckily for him there is lots of time until the next Bitcoin bull run so he dont need to make up new prediction that fast.

Oceat

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Which altcoins he was referring to? Ethereum? Ripple? It will just gonna die if everyone of us dumps our altcoins and never buys it back again. I have seen a lot of these so-called experts people and yet they never get the right guess at the future. I think what he meant was the worst case scenario but it is the other way around that most likely gonna happen in the future.

BigBrother

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Yes, it is quite possible. I told a long time ago that most of the coins would die. Because now there is really a lot of garbage, a lot of coins that do not represent anything of value. I believe that there will be only bitcoin and some altcoins.

sandra_x

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I respect Tony Vays and I follow his channels but I do not agree with him on this, all previous market run suggest the opposite,whenever bitcoin gains as little as 5 %, we can see as much as 10-20 percent among most of the top alts.Bitcoin gains much more patronage in a bear market when people fear the total collapse of the market,so they move to something relayively stable

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