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Topic: We are in a Bitcoin Rally, not an Altcoin Rally (Read 659 times)

legendary
Activity: 3108
Merit: 1290
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Bitcoin rally seems not happening yet, not in the first half of the year, and I also don't think there's a big one in the 2nd half.

The market is stable, I am am just satisfied with that.

While we are still waiting for the world to fully recover again and would only be possible if the vaccine is available I believe the crypto space will never grow if the world is struggling, it's not what we like to see, we can hedge in crypto but would that guarantee a real growth? No, because most probably the market will be a pumped and dumped market again where investors with power will just manipulate it, what we need is real massive adoption and would only happen if the economy is good, not in times of panic.
hero member
Activity: 1260
Merit: 504
It would not be a wise decision. If you have a very good knowledge of it then I would say no problem to do it. You should invest in a bitcoin exchange if you can afford it. However, I do not think there is any need to invest so much money here if you have a small amount of knowledge.
sr. member
Activity: 2380
Merit: 366
The current cryptocurrency market is just stabilizing, and there is no big rally with bitcoin as well as altcoins.
Stabilization has no room for cryptocurrency market mate, you might see a long stagnant price but it is not considered stabilized. The rally you actually see is pretty natural for bitcoin, I mean this coin has been sitting on top and the speculation is happening every time so obviously price is going up and down every moment. But with altcoins? hmm there has been some interesting altcoins making a pump now in crypto market, makes me think of giving them a shot.

He is probably referring to the relatively long stretch of days and weeks when the price of Bitcoin is not making big movements. Of course it remains unstable in the long run but the price in the past several days or few weeks are almost stagnant in between $9,000 and $10,000. The price remains somehow stable within that range.
full member
Activity: 1442
Merit: 153
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The current cryptocurrency market is just stabilizing, and there is no big rally with bitcoin as well as altcoins.
Stabilization has no room for cryptocurrency market mate, you might see a long stagnant price but it is not considered stabilized. The rally you actually see is pretty natural for bitcoin, I mean this coin has been sitting on top and the speculation is happening every time so obviously price is going up and down every moment. But with altcoins? hmm there has been some interesting altcoins making a pump now in crypto market, makes me think of giving them a shot.

If we're in bitcoin rally then based on the predictions from experts we should've crossed the $15000 price barrier. Over the months there is steep growth with very limited altcoins. Apart from those altcoins few new cryptocurrencies have experienced growth, but doesn't have good volume to support trading.
Uncertainty, predictions are made with charts which is not likely to happen. How many self entitled crypto enthusiast has failed their prediction, yet here you are believing those readings to happen again.
hero member
Activity: 2856
Merit: 667
There's no rally for bitcoin yet, bitcoin has been stable now after it failed many times to break the big resistance.
But of course, it may take time to successfully pump, but if you'll ask me, I would say I like where we are now, market is quite stable so bitcoin is having a good status so far this year despite of the pandemic. Altcoins run is not possible with bitcoin bull run, so it's safe to say that when there's a bitcoin rally, maybe or maybe not we can expect an altcoins rally.
sr. member
Activity: 952
Merit: 274
I agree with the trading volume of Bitcoin that has not declined, and therefore the price of Bitcoin is very stable now.
Then for altcoins, don't just focus on the top 10, because today's investors are getting smarter with investing in altcoins
which is outside the top 100. So many altcoins have a small trading volume but can pump high, because of hype coins
the little one. And the profit generated is certainly very large. Especially the DeFi projects are very high in demand.
I think before you suggest it, you should first tell them the risks that they will be face if they will make investment on altcoins that are not belong to 100 top market capitalization. If we will buy altcoins outside of the market capitalization make sure that we have a high risks appetite because majority of them are so volatile where there are always price surge.

When it comes to the price of bitcoin, it is currently sideways and many swing traders are most likely taking advantage of the price of the bitcoin.
sr. member
Activity: 1876
Merit: 318
I agree with the trading volume of Bitcoin that has not declined, and therefore the price of Bitcoin is very stable now.
Then for altcoins, don't just focus on the top 10, because today's investors are getting smarter with investing in altcoins
which is outside the top 100. So many altcoins have a small trading volume but can pump high, because of hype coins
the little one. And the profit generated is certainly very large. Especially the DeFi projects are very high in demand.
sr. member
Activity: 1988
Merit: 275
a rally is when the price goes up naturally in a healthy market due to adoption and as the result it stays up. i don't think we had any altcoin rallies ever, not just in the past 2 years. what altcoins had in the entire history of cryptocurrency market has been pump and dumps. the 2017 pumps are the best recent examples you can think of.
I guess you could also call these sucker rallies:

Quote
A Sucker's Rally is temporary price rise in an individual stock or the market at large.  This rise will continue just long enough for "suckers" to jump on board, and soon after the stock or market declines (or falls sharply).

Most altcoins have been this way because time has proven how useless they are. No matter how much one team was able to update & improve an alt, Bitcoin always came back with a big counterpunch. I am still holding some alts myself, but while I use my Bitcoin wallets quite often, I haven't opened the wallets of my alts in years. Anything you do basically sends you back to the king Smiley

That's right! Even if you have so many alts in your portfolio, you go back to btc because whenever you need your fiat, most local exchanges only have the btc to fiat conversion. Though local exchanges are now accepting other major alts like eth or xrp, yet, the most common crypto that every user is comfortable with is btc. And the truth about most alts is that very rare that you will encounter that has real use case in the market, most of them are keeping afloat because of those sucker's rally done by their respective devs.
legendary
Activity: 1134
Merit: 1599
a rally is when the price goes up naturally in a healthy market due to adoption and as the result it stays up. i don't think we had any altcoin rallies ever, not just in the past 2 years. what altcoins had in the entire history of cryptocurrency market has been pump and dumps. the 2017 pumps are the best recent examples you can think of.
I guess you could also call these sucker rallies:

Quote
A Sucker's Rally is temporary price rise in an individual stock or the market at large.  This rise will continue just long enough for "suckers" to jump on board, and soon after the stock or market declines (or falls sharply).

Most altcoins have been this way because time has proven how useless they are. No matter how much one team was able to update & improve an alt, Bitcoin always came back with a big counterpunch. I am still holding some alts myself, but while I use my Bitcoin wallets quite often, I haven't opened the wallets of my alts in years. Anything you do basically sends you back to the king Smiley
hero member
Activity: 2660
Merit: 551
No, looks more like an altcoin rally when Bitcoin isn't doing anything. After that, we might see bitcoin move up or down. Either way, alts will be slayed and after Bitcoin rallies, we will get altcoins rallying as well.

Altcoin is really making some good gains lately as most of the coins are increasing and it even reduces bitcoin dominance although it is still as high as 60%. And for several weeks now, bitcoin's price is somewhat around $9K-$9200 levels. So there is no rally at all at the same time the price is very stable. Others say this is the calm before the storm, but it is going to be a waiting game as to when this storm are going to come.
legendary
Activity: 3234
Merit: 5637
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Several weeks have passed since the Bitcoin Halvening. Weeks in which large parts of the market have been relatively quiet. Hardly any major cryptocurrency today differs from its position on May 9th, two days before the halving.

The very essence of this article is in the disappointment that halving did not produce a new big pump, and several weeks have passed. And now many are wondering how this is possible, shouldn't we have already approached at least $20 000, haven't they sold us the story of a magical event that will launch BTC to the Moon? So much disappointment in so much misunderstanding and ignorance, which just shows that a good portion of those who have invested in BTC are actually just tapping in the dark.

For all those who live in the belief that everything started in 2017, let them go back to the beginning in 2009, so they may find that things today do not look bad at all if we take into account everything that is happening at the moment. If you are bored go hunt pokemons or something similar Cool
legendary
Activity: 3234
Merit: 1214
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The current cryptocurrency market is just stabilizing, and there is no big rally with bitcoin as well as altcoins. If we're in bitcoin rally then based on the predictions from experts we should've crossed the $15000 price barrier. Over the months there is steep growth with very limited altcoins. Apart from those altcoins few new cryptocurrencies have experienced growth, but doesn't have good volume to support trading.
sr. member
Activity: 952
Merit: 274
I wouldn't say that we are in a rally, but bitcoin has already bounce back and recovered from the last lower lows for this year and its been touted as the best speculative asset for this year so far. For altcoin markets to rally? Well they have to wait for bitcoin to go on a bull run to have a trickle effect. So far altcoin investors are shifting their investment to bitcoin, so I'm not seeing any altcoin rally, perhaps just few occasional pumps here and there.
Well said, bitcoin is still in $9k, from the price of $3900 before when the pandemic is still existing it goes up to $6k and it pumped up to $10k when bitcoin halving started, honestly I disappoint to the price of the bitcoin when bitcoin halving happens because I really thought that it will go up to $13k and it will give me large profit. I invested when the price of the bitcoin is almost $8.8k and it doesn't give me much profit when $10k happened. I am still hoping that bitcoin could reach higher within this year. We are not almost done and everything can still happen.
There are a lot of speculations and high expectations before the halving happened where many investors and traders are really disappointed because of it but it is their own fault because they expect too much and for me it is really impossible to happen. The price is doing sideways for months if this will last long, it can be a good sign because the longer the consolidation; the stronger the rally.
sr. member
Activity: 1274
Merit: 278
I wouldn't say that we are in a rally, but bitcoin has already bounce back and recovered from the last lower lows for this year and its been touted as the best speculative asset for this year so far. For altcoin markets to rally? Well they have to wait for bitcoin to go on a bull run to have a trickle effect. So far altcoin investors are shifting their investment to bitcoin, so I'm not seeing any altcoin rally, perhaps just few occasional pumps here and there.
Well said, bitcoin is still in $9k, from the price of $3900 before when the pandemic is still existing it goes up to $6k and it pumped up to $10k when bitcoin halving started, honestly I disappoint to the price of the bitcoin when bitcoin halving happens because I really thought that it will go up to $13k and it will give me large profit. I invested when the price of the bitcoin is almost $8.8k and it doesn't give me much profit when $10k happened. I am still hoping that bitcoin could reach higher within this year. We are not almost done and everything can still happen.
hero member
Activity: 2156
Merit: 803
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First of all please do not compare the Stock market with the Cryptocurrency market. They both are very different in a lot of aspects.

The second thing is that in what sense do you think Bitcoin is going up or there is a rally? as Bitcoin is still below 10k. Last time when Bitcoin was above 10k it was in the month of February this year.

Till today it is struggling to hit that mark, so I do not consider it as an upward trend but a sideways trend. What I have noticed after the halving is that Bitcoin is less volatile as compared to what it was before halving.
legendary
Activity: 3472
Merit: 10611
Since the beginning of 2018, we have not seen an altcoin rally yet. Now there is a relative lull in the cryptocurrency market. Traditionally, from mid-summer, activity in all markets falls until the fall.

a rally is when the price goes up naturally in a healthy market due to adoption and as the result it stays up. i don't think we had any altcoin rallies ever, not just in the past 2 years. what altcoins had in the entire history of cryptocurrency market has been pump and dumps. the 2017 pumps are the best recent examples you can think of.
the reason why they aren't rising has nothing to do with time and being before fall! it is only because they were pumped and the dumps that inevitably came next have bankrupted all the newbies who fell for those pumps.
sr. member
Activity: 2464
Merit: 252
Since the beginning of 2018, we have not seen an altcoin rally yet. Now there is a relative lull in the cryptocurrency market. Traditionally, from mid-summer, activity in all markets falls until the fall. In addition, potential investors are now apparently waiting for the possibility of a new wave of coronavirus spread. Therefore, the cryptocurrency market is likely to begin to grow by the end of the year. Perhaps then we will see the growth of altcoins.
sr. member
Activity: 2506
Merit: 368
Not yet in a rally for Bitcoin and altcoins but in a fight for ups and downs since this looks like a normal day to them because nothing really change that much. The market is just moving according to the traders and somehow it's a fight of volatility on who gained and who lost. We will much more likely to see the rally that we want it's either by the end of the year or next year.
hero member
Activity: 2828
Merit: 518
Well, it is expected that altcoins won't come up and have its rallying moment if Bitcoin didn't do the rally as well. It is in the moment that Bitcoin isn't moving high, the price of Bitcoin has shown stable at this time that Altcoins can't either move as well and that what we think before. But somehow, the market has really changed, in fact, some potential altcoin has a pump just like Ethereum. may we can say that investors are not only focusing on Bitcoin but they also considering altcoins unlike what they did last year.
full member
Activity: 1442
Merit: 153
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when I read this: "We are in a Bitcoin Rally, not an Altcoin Rally" I thought: "Have you ever been to the altcoin section?".
Most probably the OP only sees bitcoin in the market and did not give a single look at growing altcoins. And yes, I'm sure he did not even bother himself to look at altcoin sections.

I will give my opinion, whenever there is a Bitcoin rally, altcoins will also follow bitcoin. Why do I think so? when bitcoin starts to rise a lot it attracts people who invested in altcoins and when the bitcoin price is stable, people start selling bitcoin to buy altcoins again. this cycle has been going on for years. And we must not forget that bitcoin is the main crypto and people always think that if there is a bitcoin rally, there will also be an altcoin rally
What I think now is that altcoin is getting stronger these days, after the halving the bitcoin transactions are everywhere, it is wild as in, but after a couple of weeks there is a decline in bitcoin transaction, maybe people did not waste money to pay for higher fees than what they can pay for sending funds in altcoins. Recently, the ethereum is ahead on commission fees after bitcoin went down from $1M to $300k. We should not underestimate the altcoins, any altcoin can replace bitcoin because it is never impossible.
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