Topic: what is happening now? - page 7. (Read 6523 times)

Bitcoin dominance is too high in the market I think is not good for the development of altcoin. Investors will definitely divert their investment into bitcoin because it is more profitable. But I think in the long run, altcoin will still be able to grow because the market is unlikely to only depend on bitcoin

Everything says that many continue to invest in bitcoin. Altcoins apparently do not cause such interest in investors yet. Therefore, we can say that altcoins are now in the accumulation stage.

We could probably missis to hit the bull run this year again. The market seems not to be healthy enough to catch such price and even Bitcoin never been aggressive. However, not badly to see that prices aren't in the bearish stage and not really worrying for us.
There is something we need to understand that the crypto market never been like before that bull run will come at the latter quarter of the year.

The impression that what affects Bitcoin should affect altcoin it does not follow that they should be a proportionate change in the price of altcoin whenever that of bitcoin changes. I think there are still some other market fundamentals and intrinsic value of the altcoin that helps to either push it up or down independent of what price bitcoin is going for

I believe something good is going to happen soonest as far as crypto is concerned. Even though the price of altcoins simultaneously increased with the price of bitcoin in 2017, this does not mean it can not  be repeated this year again even though not seeing it  yet. In my own view, I think the rate at which traders pump the price of bitcoin is more than the way it is for altcoins which could be what is responsible for bitcoin rising now and altcoins not rising simultaneously with it. Nonetheless, I know that  simultaneous increase of both coins will soon happen and there will be great boom of altcoin price. 

The upward and downward movement of bitcoin and perhaps other good altcoins, is an opportunity to trade to make profits. At this period, it is much easier to make huge profit, because the trend is obvious and almost the same.
At about this time, the coins are going uptrend again and this might continue for some more days before there will be another plunge. Although, you should not take this as an advice to invest. Do your own research before investing.

Funny enough, as I remember many felt altcoins were about to change the crypto space and the Bitcoin was obsolete. Many thought that soon Alts will be independent and no longer follow the BTC trend and will move by themselves. No we have it partially, when BTC rises, alts show little movement, and when BTC falls, alts crash even harder. But I see it as a good time to accumulate strong alts.

Unfortunately for most altcoins what we are seeing is the return of bitcoin as the most dominant coin in the market, there was a time when the bitcoin dominance was at 90% but the altcoin bull run lowered that number in a significant way, for some time some investors speculated that this was bound to change as most altcoins demonstrated that they were not match for bitcoin and its technology and when you add the huge number of scams and failed projects then it is not difficult to understand why this is happening.

Yes, but in the current situation, altcoin price increases do not occur. Only a price reduction, regardless of whether Bitcoin is rising or falling. I also do not understand the current market situation. Are all projects so dramatically lost their appeal?

We know that there are many investors who invest in bitcoin compared to altcoin and when viewed when bitcoin prices increase but altcoin does not increase it is not confusing because before this also happened and why only bitcoin increased because most investors prefer to invest in bitcoin compared to altcoin because most of altcoin is just nonsense.

Which is why we are seeing this inside the market and also, with a lots of new projects that being developed competitions also taking part of this market, the numbers of invested money over the numbers of projects to split it up contributes the slow pace movements, it's needs to be positive if you want to survive and continue to see the future success of your venture don't lose hope but to keep looking for a good way to still be in the positive side.

It is really difficult to predict their prices when will altcoins will go up or following bitcoin to go up. Seems we are not yet alts season it will take many months to happen. Maybe because of IEO is trendy now, so I think the altcoins are affected because many investors investing now in IEOs, but I'm not sure.

If you remember what happened in 2017, you will get answers to your question. BTC went up by 20x in 2017, but the hype propelled altcoins to much higher levels. Ethereum went up by 100x, and many of the lower ranked altcoins gave even more returns. Some of these alts became like inflated balloons. What happening in 2018-19 is a correction, so that these overpriced alts and tokens come back to their fair valuation.

The word altcoins is actually not the problem but the project itself, people could also use bitcoin to also scam people, what of hackers that do hack into people’s account, they steal people bitcoin, so the issue that we need to deal with is not the altcoins, but the projects that we accepted to call altcoins, not every projects coins deserves to be termed altcoins, and the real altcoins are those ones that are still within the 100 list of CMC, and you can see that they are still the ones following bitcoin in its movement, those are the coins that have real use case.

Bitcoin is actually the major dominant now because it is still the number one coin, so people will reckon with it first before any other coin that is why we can also see the huge gap between it and altcoins.

 I think this is the right time to be apart of cryptocurrency and I think the time has come where it was in 2017 this is the beginning.

Crypto is very dynamic and once it is understood, one will learn to play safer and be more careful. No one had believed that etherium will not pump alongside btc but it showed a different behavior, though it is attributed to proliferation of ICO's and new projects that investors decided to pay less attention to them but no one is certain as another cycle may have etherium pump while btc remain at a relatively stable price

With time when Btc dominance reduces, alts will pick up and we can see the two markets rally hand in hand in price for now Btc dominance is still high as such alts keeps being crippled.

there is an difference beetween automatic price definition and human price definition.
when btc goes up the worth of alts rises autmatically, but humans also define the price manually.

its always like that that the automatic price definition of alts comes first when people buy sell btc,
but after then humans take desicions and see if the price is okay or not, buying more so the price rises more or selling off.

when the price in alts dont move at all and btc rises it means that the alt price automatically gone up but people sold off to the same level.
just look at the satoshi price of alts at beginning of the bullrun and now. the price in dollars didnt changed, but the price in sats got a lot lower.
its an inviable selloff and means thats the people ran to btc because of that.

the reason is how i said. its the big structural problems in the crypto market, and the main mistake are the humans who cant trade right.
everybody also the exchanges uses btc as main trading object, but its plainly stupid, because its not stable at all. trading assets always need a stable harbour, so they dont get affected by the fluctations as we see right now.

the market as a whole is not decentraliced, we humans how we trade make it completely centralized and manipulative.
we all need to change that. exchanges need to change the main trading object. instead of btc a better solution would be these stable coins, or just fiat.

The market is said to be volatile and unpredictable making the relationship between altcoin and Bitcoin unstable. There was a period when the market was inversely moving in the sense that an upward movement in btc, lead to the decline of altcoin and vice versa.

yep the zeitgeist ist now a different.
the zeitgeist says that people have enough of the bitcoin monopol who control the alts and that something needs to change.

i dont understand how you could be okay with that. you can see with your own eyes what this btc dominance causes. people please think about it.
this bullrun we have/had right now is the result of price pressures in alts back in 2018. alts lost everything because btc did so people got out of alts and invested in btc. its the language of money that controls the markets not the projects itself.

we can see it with our own eyes. there are still many good projects but it doesnt affect the price at all, because its rigged by btc. investors loose confidence when there is no connection beetween the price and the project.