what is happening now? - page 12. | Bitcointalksearch.org

Periodik

sr. member

Activity: 1022

Merit: 256

Quote from: Handsome Boy on August 09, 2019, 06:04:21 PM

hello friend,
in 2017 I was very happy when I saw the price of Bitcoin increase in coinmarketcap because when the price of Bitcoin increases, then the price of Altcoin will immediately increase too, but for now when the price of Bitcoin increases and it does not affect for the prices of Altcoin (even still down), then when the price of Bitcoin goes down and at that time the price of Altcoin will go down too, so I do not understand the current state of the market and what is happening right now.

Do not dwell on the 2017 bull pump too much. It seems to have become the only basis for the rest of the increases and decreases of prices. It was a single instance that might not have anything to do with the succeeding changes in price. If you are going to wait for a 2017-like bull pump, you'll soon grow frustrated. The state of the market has been very normal these days. There is no sudden drop. This is good enough already.

bitcoin-shark

hero member

Activity: 2968

Merit: 605

yes this time is different even if the value of bitcoin is growing all the other altcoins remain stable or fall, perhaps because investors prefer to buy bitcoins and its dominance is arrived almost at 70%...

glendall

legendary

Activity: 2156

Merit: 1018

Buzz App - Spin wheel, farm rewards

when in 2017, at that time the BTC dominance was below 50%, whereas today the BTC dominance is above 70%, so it is very natural that this year is different from 2017,
but according to the chart analysis news, BTC dominance will definitely go down and when it starts, alt seoson will occur.
the time is uncertain, but between the end of 2019 or 2020.

sentoy

full member

Activity: 700

Merit: 100

basically altcoins and and bitcoin together play a very important role each of us we see in 2017 is the heyday of bitcoin in its time, and the price of btc is the most special compared to the others, and now we see what is happening now all prices are all down and the market is not excited again and investors refrain from engaging in a project. and he still has a role in bitcoin.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: Bonwin on August 10, 2019, 02:58:54 PM

The trend cannot continue as it has always been. Yes, we had a better growth trend for all coins in 2017. Everything seem to EB following suit, until they began to plunge in 2018.
We actual need a system where we will be able to distinguish clearly between god and bad project, which is why we see few coins grow at this time that even bitcoin is growing.
With the new trend, scam projects and coins are easily evicted and they do not last long.

You can easily pinpoint potential scam projects as they are giving hints on becoming one. Promising overwhelming targets or if you observe pump and dump scenarios in exchanges. Later on, they will get exhausted of what they are doing, and they will just let their project dies down.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: breathlessz on August 10, 2019, 10:17:15 AM

I think this is a market cycle that is influenced by many factors. in the market will surely experience a phase of saturation, so prices will reverse direction, but if the passion of trade arises again, the price will rise again, and patience will lead to victory

While patiently waiting for the reversal it's also best to learned from what you are witnessing right now, there's always a cycle just like what mentioned and understanding how things will works to favor your investment will keep you surviving from this industry, the market is tough to explore but with willingness to learn deeper it will bring you good future outcome.

Bonwin

member

Activity: 798

Merit: 38

The trend cannot continue as it has always been. Yes, we had a better growth trend for all coins in 2017. Everything seem to EB following suit, until they began to plunge in 2018.
We actual need a system where we will be able to distinguish clearly between god and bad project, which is why we see few coins grow at this time that even bitcoin is growing.
With the new trend, scam projects and coins are easily evicted and they do not last long.

kevinzxz

full member

Activity: 1470

Merit: 105

👉bit.ly/3QXp3oh |🔥Launchpad on TON

Quote from: Handsome Boy on August 09, 2019, 06:04:21 PM

hello friend,
in 2017 I was very happy when I saw the price of Bitcoin increase in coinmarketcap because when the price of Bitcoin increases, then the price of Altcoin will immediately increase too, but for now when the price of Bitcoin increases and it does not affect for the prices of Altcoin (even still down), then when the price of Bitcoin goes down and at that time the price of Altcoin will go down too, so I do not understand the current state of the market and what is happening right now.

maybe it happens because investors prefer to invest in Bitcoin and believe if investing in Bitcoin is more profitable than investing in Altcoin, it can be seen from BTC dominance that continues to increase, therefore the price of altcoin is not increasing for now, because now investors are more interested to investing in Bitcoin than investing in altcoin, so that's what makes only the price of Bitcoin rising for now.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: Handsome Boy on August 09, 2019, 06:04:21 PM

hello friend,
in 2017 I was very happy when I saw the price of Bitcoin increase in coinmarketcap because when the price of Bitcoin increases, then the price of Altcoin will immediately increase too, but for now when the price of Bitcoin increases and it does not affect for the prices of Altcoin (even still down), then when the price of Bitcoin goes down and at that time the price of Altcoin will go down too, so I do not understand the current state of the market and what is happening right now.

Get used to it since this market is never been predictable since the beginning of time.We might able to see it on past years that if BTC price goes up it drags up also the price of altcoins but that's not always the case because it can change from time to time. The reason? No one knows and lets talk about btc dominance at the moment which shows
people are now on btc.We cant predict on when would be the start of alt season.

target

legendary

Activity: 2282

Merit: 1041

They're all selling their altcoins and its not going up that usual when BTC goes up as well. Not everyone can hold on to this kind of market, you can already see right now only few signature campaign that pays BTC survives and this I guess is because the bear market seem no yet done. Sell walls after sell walls.

Nivia1st

full member

Activity: 821

Merit: 100

Volare.network

Quote from: Handsome Boy on August 09, 2019, 06:04:21 PM

hello friend,
in 2017 I was very happy when I saw the price of Bitcoin increase in coinmarketcap because when the price of Bitcoin increases, then the price of Altcoin will immediately increase too, but for now when the price of Bitcoin increases and it does not affect for the prices of Altcoin (even still down), then when the price of Bitcoin goes down and at that time the price of Altcoin will go down too, so I do not understand the current state of the market and what is happening right now.

Current market conditions are very different compared to 2017. Even though bitcoin prices have risen, altcoin prices will not increase or some will fall. that means many people who prefer to exchange their altcoin to bitcoin, instead of buying bitcoin with fiat. This is one of the reasons why when bitcoin prices go up there are some red altcoins.

Rehmanchoudhary5

jr. member

Activity: 227

Merit: 2

It's because the investors are willing to buy btc not alts right now, btc dominance is almost 70%, that means people switched to btc from alts, that's why every alt going down and down.

breathlessz

member

Activity: 770

Merit: 12

Trphy.io

I think this is a market cycle that is influenced by many factors. in the market will surely experience a phase of saturation, so prices will reverse direction, but if the passion of trade arises again, the price will rise again, and patience will lead to victory

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Handsome Boy on August 09, 2019, 06:04:21 PM

hello friend,
in 2017 I was very happy when I saw the price of Bitcoin increase in coinmarketcap because when the price of Bitcoin increases, then the price of Altcoin will immediately increase too, but for now when the price of Bitcoin increases and it does not affect for the prices of Altcoin (even still down), then when the price of Bitcoin goes down and at that time the price of Altcoin will go down too, so I do not understand the current state of the market and what is happening right now.

There is no logic why would coin A value increase just because coin B value increase. Yes a bit is logical but not 100% I dont really understand your point. A coin has this much value. If another coin makes some breakout that dont my this coin more valuable. Is that not logical? We are close to economic collapse. People are buying Gold and are buying Bitcoin as a hedge. Why would they go buy dentacoin? Dentacoin usecase is whatever it is. It is not a store of value.

thiscomm

jr. member

Activity: 224

Merit: 2

I think this happened because of the bad influence of making new coins that keep popping up. although now bitcoin has gone up but the price of altc is still below, the presence of new coins is very influential on the old altc that is developing. but there are still some altc that are still stabilizing the price, maybe it still goes down but it won't take long. for example their binance has increased slightly although not significantly but it provides a fresh new air for investors who love altc.

kooboat

member

Activity: 235

Merit: 10

BountyMarketCap

These days, a rise in the price of bitcoin has little or no significance on the altcoins, it seems the graph of correlation has changed. I have read many articles on this new trend but I have not come across any logical explanation on it. This is killing the confidence of most people who wish to hodl in altcoins.

Iykecollinz

copper member

Activity: 294

Merit: 1

It is obvious that there is a trend reversal and what is happening now had happened with btc and etherium around 2016 for whoever that could go back to look the chart, the market is simply responding to situations and it is quite normal, altcoin season will come again but in a different shade and time

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

What was happening now is we are still at the bear market although bitcoin gives good moves in the market by trying to increase higher, but the altcoin still at the lower price. But we have so many chances to see the cryptocurrency will rise again in the future and we could hope that will happens in this year so we could recover what we lost in a few years ago. Some people are still waiting for the rise of the market, and they still buy more and more altcoin and bitcoin because cryptocurrency will increase higher later.

inoes

sr. member

Activity: 1316

Merit: 254

United Crowd

Quote from: DudeAtWork420 on August 10, 2019, 07:25:31 AM

Quote from: Pecunia non olet on August 10, 2019, 05:18:51 AM

People are cumulating more Bitcoins because on some portals there are predictions that altcoins are going to zero and retailers are selling in a fear.

I do not think that is the reason why people are out of it. Since when people are entrusting all of their money to those media? the only plausible answer for all of this is market flow.
the player wants Bitcoin to reach its ATH again and consolidating its price around that plus pressuring the alts so they can buy it cheaply. I believe most of them already sold their stash back then when we were pumping, so before the pump happens. They are going to get their stash back at a cheap price.

if we look at the price of coins on ATH , Bitcoin = -41.8%, then let's compare it to the Altcoin top of the marketcap which is ETH = -86%, XRP =- 91%, BCH = -92%. it can be said that Bitcoin is indeed more trustworthy than Altcoin ...

Refference:
https://www.coingecko.com/id?view=all_time_high

jazmuzika217

member

Activity: 476

Merit: 12

Let's acxept the fact that people all over the world are support bitcoin more than altcoin so when the bitcoin will have even a small price value increase people will have a quick buying and investing panic to bitcoin and forget about to invest in altcoin. That the real scenario because all we know that butcoin is the top and most progressive coin here in crypto world.

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