Topic: We are in a Bitcoin Rally, not an Altcoin Rally - page 2. (Read 659 times)
Altcoin rally? Look at 1 week candle, nothing intresting, nothing bullish. Absolutely.
When the global economy is in an expansionary period caused by easy credit lending policies, diversification into alt-coins tends to outperform Bitcoin. However, when the global economy is hit hard, Bitcoin tends to outperform a diversified portfolio of alt-coins. For example, trading volumes of the altcoins in the Top 10 on Coinmarketcap.com decreased by 30% between March 6th and April 1st, while Bitcoin’s trading volume didn’t decrease at all.
Read full report:
(EN) https://cryptoresearch.report/crypto-research/we-are-in-a-bitcoin-rally-not-an-altcoin-rally/
(DE) https://cryptoresearchreport.de/crypto-research/wir-erleben-eine-bitcoin-rally-keine-altcoin-rally/
The correlation is still high, Ethereum is at 0,9 which is insane. I assume it will change after the switch to POS and hopefully a braoder acceptance and therefore more use cases that really help people instead of just being anther random coin to be traded by lucksters that hope for a 100x
So far, so good. Bitcoin has maintained its price stability of the past couple of weeks since the block halving. Regardless of the fact that the price hasn't pumped as a lot of people thought and still think it should. I believe this is a good sign as Bitcoin has maintained its price even in the face of the growing pandemic. If I remember correctly, several traditional assets have all fell short and dropped significantly.
Talking about altcoins, There haven't been any major movements in the last couple of weeks. Should Bitcoin take a dive in the coming days, alts will survive more.
It is a good sign for us that bitcoin is moving between range 9k- 10k. In this range altcoin also performing well. We should worry if btc drops below 9k..but remember that this is crypto. Talking about altcoins, There haven't been any major movements in the last couple of weeks. Should Bitcoin take a dive in the coming days, alts will survive more.
when I read this: "We are in a Bitcoin Rally, not an Altcoin Rally" I thought: "Have you ever been to the altcoin section?". 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
Bitcoin Rally could've been pretty much said to be over after the rise from around ~$7k to ~$9k. After that, the price basically just played around $8k-$10k. Tbh, altcoin rallies can be said to be a side result of Bitcoin rallies. You'd mostly see that altcoins tend to follow the general trend for the BTC markets, rising if BTC goes up and falling if BTC goes down. And really, talk about altcoin rally when the said altcoins don't rise cause of altcoin pumpers. In the end, they are just being pushed by the companies behind them to generate profit through manipulation.
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.
Specially on low cap coins thats why some do really have that kind of impression that alt market do have some rally just because they do see green which is just only being pumped up into those low cap coins and a small percentage rise on top alts which i dont really consider a rally.BTC market doesnt always correlate with Alt because it can go to opposite direction even if bitcoin is moving up but most of the time we can really see that its being dragged off and do make also some increase. This had been always the movement of the market after how many years and for now the price of btc is tending to go down and as said above if we do break the current support then we might able to see some lower price for this month which is somehow anticipated and i do consider a good buying point if you are just doing some short trades.
Somehow I can say the alcoins rally though. BTC dominance decreases and seeing some alts have grown almost 100% since. It is either the altcoins are retracing back and the investors are looking into it for profit incase the bullrun started. Its interesting because even right now those coins are not affected and some of them are in rising still.
So far, so good. Bitcoin has maintained its price stability of the past couple of weeks since the block halving. Regardless of the fact that the price hasn't pumped as a lot of people thought and still think it should. I believe this is a good sign as Bitcoin has maintained its price even in the face of the growing pandemic. If I remember correctly, several traditional assets have all fell short and dropped significantly.
Talking about altcoins, There haven't been any major movements in the last couple of weeks. Should Bitcoin take a dive in the coming days, alts will survive more.
Talking about altcoins, There haven't been any major movements in the last couple of weeks. Should Bitcoin take a dive in the coming days, alts will survive more.
If the price breaks the support level we may end up in the 8600. Fun ride though.
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.
So far, so good. Bitcoin has maintained its price stability of the past couple of weeks since the block halving. Regardless of the fact that the price hasn't pumped as a lot of people thought and still think it should. I believe this is a good sign as Bitcoin has maintained its price even in the face of the growing pandemic. If I remember correctly, several traditional assets have all fell short and dropped significantly.
Talking about altcoins, There haven't been any major movements in the last couple of weeks. Should Bitcoin take a dive in the coming days, alts will survive more.
Talking about altcoins, There haven't been any major movements in the last couple of weeks. Should Bitcoin take a dive in the coming days, alts will survive more.
actually bitcoin price can be considered stable these days and a stable bitcoin has always meant shitcoin pumping in the past. and if we take a look at the altcoin market we can clearly see that they are getting pumped and dumped.
For example, trading volumes of the altcoins in the Top 10 on Coinmarketcap.com decreased by 30% between March 6th and April 1st, while Bitcoin’s trading volume didn’t decrease at all.
that is because you are looking at the top 10 shitcoins instead of looking at all of them. in altcoin market there is no different between a coin that is at the top of the list in coinmarketcap or at the bottom of it in the eyes of an altcoin pumper. they pump all and 90% of the time they are focusing on smaller coins that are in low tier groups because they can generate a lot more profit than the top 10 shitcoins. 
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. Compared to mid-February and mid-March, however, a clear difference can be seen in the performance of individual projects during the Corona crisis. This article attempts to get to the bottom of this phenomenon and to draw parallels to the halving of 2016.
In an economic expansion, small firms tend to have better returns than large firms. In an economic recession, the reverse tends to be true: large firms tend to outperform small firms. This is because in an expansion, fiat inflation pushes investors into increasingly risky investments, but during a downturn, investors seek conservative safe havens to store their wealth.
For example, the small-cap Russell 2000 index dropped 38.6% between February 19th and March 17th, when the S&P 500 large-cap index was only down 29.5%.
A similar pattern may exist with cryptocurrencies.
When the global economy is in an expansionary period caused by easy credit lending policies, diversification into alt-coins tends to outperform Bitcoin. However, when the global economy is hit hard, Bitcoin tends to outperform a diversified portfolio of alt-coins. For example, trading volumes of the altcoins in the Top 10 on Coinmarketcap.com decreased by 30% between March 6th and April 1st, while Bitcoin’s trading volume didn’t decrease at all.
Read full report:
(EN) https://cryptoresearch.report/crypto-research/we-are-in-a-bitcoin-rally-not-an-altcoin-rally/
(DE) https://cryptoresearchreport.de/crypto-research/wir-erleben-eine-bitcoin-rally-keine-altcoin-rally/
In an economic expansion, small firms tend to have better returns than large firms. In an economic recession, the reverse tends to be true: large firms tend to outperform small firms. This is because in an expansion, fiat inflation pushes investors into increasingly risky investments, but during a downturn, investors seek conservative safe havens to store their wealth.
For example, the small-cap Russell 2000 index dropped 38.6% between February 19th and March 17th, when the S&P 500 large-cap index was only down 29.5%.
A similar pattern may exist with cryptocurrencies.
When the global economy is in an expansionary period caused by easy credit lending policies, diversification into alt-coins tends to outperform Bitcoin. However, when the global economy is hit hard, Bitcoin tends to outperform a diversified portfolio of alt-coins. For example, trading volumes of the altcoins in the Top 10 on Coinmarketcap.com decreased by 30% between March 6th and April 1st, while Bitcoin’s trading volume didn’t decrease at all.
Read full report:
(EN) https://cryptoresearch.report/crypto-research/we-are-in-a-bitcoin-rally-not-an-altcoin-rally/
(DE) https://cryptoresearchreport.de/crypto-research/wir-erleben-eine-bitcoin-rally-keine-altcoin-rally/
Jump to: