The altcoins market always follows the price of Bitcoin.
If Bitcoin rises its price then Altcoins goes up and if it goes down then the price goes down.
It might be a little different if the altcoins create Hardfork 1:1 .
Topic: What is actually happening to the alt coin market ? (Read 278 times)
Actually the one that become the motor is Bitcoin, when it goes up it can lift the alt coin price, the market now is in a bad condition, with a long bear market and the price manipulation,the investors hesitate to out their fund and it's causing the price unable to go up, and many people believe that the bear market is going to continue
BTC is pwning alts and that's more less what is happening. When it fals they fall bad, when it goes up they hardly recover at all!
Altcoin is dependent on bitcoin and the fact that bearish market comes raging out this year have depressed the market. Bitcoin is moving up now, you can expect altcoin to decrease further!
This bitcoin rally has helped out the altcoin market after a massive slaughter for the past few months. It remains unseen whether this rally is a dead cat bounce or a huge rally to go back to previous highs. Bitcoin needs to stay above 10k for a period of time before one can determine whether 6k is the bottom for bitcoin.
Actually, I get Frustrated from Crypto market, most news is destroying this industry while it's represented as trend for some time, I think many companies will not survive this year.
It is unfortunate, but this is business as usual for crypto. It is in fact a good sign that everything is still working and trading happening even when all´s red.
Altcoin market's bubble is losing its pressure to be honest or has already totally deflated. If that's the case we will probably have this longer stagnation period now before another market rise somewhere around 2020 spring maybe.
Or, it all could drop to zero. Enjoy the ride.
Or, it all could drop to zero. Enjoy the ride.
What is actually hapenning is that ALT coins are taking over the market, nice and slow. As a matter of fact AML Bitcoin (ABTC) was top rated in IDAX exchanges a few days ago.
The market is really getting so unpredictable for me me now. It seems like everything is because of a pump. However the prices of main cryptocurrencies have gone slightly up but I do not know it is a continuous growth or not. Furthermore as I know most of the time, when the Eth get increased, other alt coins also get increased. But this time I dont see such a linear behavior. Any comments?
Same for all investors, I see most of my investments I'm seeing as a chance for now. In fact, this is not a very absurd thing. Every year towards to the end of the year, such market changes seem normal. I believe and hope that toward the end of the year 2018, market prices will rise. That's why I'm suggesting to investors are not to make any wrong trade action.
I think panic seller also should be responsible for this alt coin market condition. Becase when they see the price is reducing they sell and once they becomes more lower again they buy tokens. Its like a circle and at the end of the day prices go down little by little. Its like diluting the demand.
Alts are pegged to the price of bitcoin. Which is why if the price of bitcoin increases abruptly, the price of an alt would remain at the same sat but it has different value in dollars. Now, the price of altcoin goes down and bitcoin goes up when people sell their alts for a low price to enter the bitcoin market early.
BTC and most of the cryptocurrencies are based on decentralized platform and are not backed up by any money from money transfers, banks, etc. This makes cryptocurrencies quite unpredictable and volatile. Volatility of a particular crypto coin is usually based upon :
1. Movement of BTC. If BTC increases rapidly, altcoins tend to fall and even if BTC drops rapidly, altcoins falls. Altcoins tend to see growth only when BTC is stable or is showing slow and steady growth.
2. News about a coin can highly affect its price. Good news can boost the price of a coin, whereas bad news can dump a coin.
3. If the coin is following its roadmap and is showing potential, then surely it will grow despite of bear market as investors will show interest in it.
1. Movement of BTC. If BTC increases rapidly, altcoins tend to fall and even if BTC drops rapidly, altcoins falls. Altcoins tend to see growth only when BTC is stable or is showing slow and steady growth.
2. News about a coin can highly affect its price. Good news can boost the price of a coin, whereas bad news can dump a coin.
3. If the coin is following its roadmap and is showing potential, then surely it will grow despite of bear market as investors will show interest in it.
The market is now very much on the contrary very predictable, if there is no new investment, the altcoins will fall in price due to manipulations with the bitcoin price. And if new investors come that will be the overall growth of bitcoin and altcoins. I think that the situation on the crypto market is now critical.
The trending seems to be different now as compared to the previous where market movement usually is directly proportional with the other. Now, there were no significant implication that we can project and it is very unpredictable. I believe the crypto market is again undergoing major adjustment to realign the market trend btc with the alts.
I think everyone is seriously getting ready for the outcome of the August decision of SEC regarding the ETF, So I guess a whole lot of people are seriously taking profit and some are moving their coins to a stable coin should in case anything goes wrong.
Almost every body is expecting to increase in a tremendous way and the market refuse to obey the people's sentiments. This maybe because such increase will make holder's automatical rich people and so it frustrates people to sell, thus
, and few holders rich at the end
, and few holders rich at the end
Indecision stage, that exactly what's going on. There's no certainty in terms of the future for a lot of coins, and after all of the awe and fuss over the amazing implications of blockchain, we are now at the reality check stage. What comes next that will stimulate the price further? There's so much money tied up in the market already that it's started to carve out it's grooves. Now it's just a matter of loosening up the capital a bit and letting it settle into a comfortable area before moving up again.
The market is really getting so unpredictable for me me now. It seems like everything is because of a pump. However the prices of main cryptocurrencies have gone slightly up but I do not know it is a continuous growth or not. Furthermore as I know most of the time, when the Eth get increased, other alt coins also get increased. But this time I dont see such a linear behavior. Any comments?
This market do behave in a dynamic ways and what is happening now is an indecision stage. We are expecting bitcoin and ethereum to influence other coins and tokens price like it has been happening before but this time around everything has changed. Bitcoin is getting pump and others coins are getting dumping and that is how it supposed to be.
In general and in relation to the subject we can consider a mass adoption and supervision of governments and this friction of opinions generate distrust or instability in the market. Maybe i may be wrong in this style of analysis but the basis of this red in the market is generated by the distrust of investors and we can also consider new updates, new projects, new investment options among others. To summarize, this bear market is proof that the market is composed of the emotions of the investors and not necessarily only in monetary matter.
What happened today, I did not see any negative news about crypto, but now the entire market has fallen because of the lack of investor confidence?
Many people think that the Bull will arrive at the end of the year, but I think that as maket continue to down, we may have to face a whole year of bear market.
A fraudster has sold 17000 ETH. This makes the market worse.Many people think that the Bull will arrive at the end of the year, but I think that as maket continue to down, we may have to face a whole year of bear market.
Do you have any reference about that? I didnt heard it, but if its true, thats actualy good news, at least we know what happened today, its not bear atack!
Yes it is really true sometimes you'll notice that the market is quite good and you are happy, so the very thing that you will do is to Invest, sell, or buy coins but suddenly it will dump immediately, all your efforts is wasted, but that's the reality here so better accept it. Just be patient on what's happening right now, for sure there is something good will happen next time.
Jump to: