The cryptocurrency market cap dipped below $500 billion on Wednesday, marking the recovery’s second hiccup in the past week.
The market’s pullback was catalyzed by a precipitous Bitcoin price decline. On Monday, the flagship cryptocurrency had extended its rally as far as $11,788 on cryptocurrency exchange Bitfinex, at which point Bitcoin appeared to tumble off a cliff. Over the ensuing six hours, the Bitcoin price declined by more than $1,000, ultimately bottoming out at $10,680. Since regaining its footing, Bitcoin has recovered to just above the $11,000 mark, but it is currently unclear whether it will manage to hold at this level.
Despite this decline, Bitcoin continues to increase its market share, enabling it to reestablish its dominance over the altcoin markets. At present, Bitcoin boasts a $189 billion market cap, which represents a 39 percent share of the total market cap.
Topic: what is happening right now? (Read 397 times)
Bitcoin reached a powerful resistance line and jumped down from it. Soon btc will try to break it again.
You're right. That's why Hold strong guys. Its Bitcoin, will break the resistance shortly. A true sign before shoot up, just not selling rather than keep buying more BTC now. Many buy Bitcoin at the moment to get free Bitcoin Private.
no they dont, they would buy zcl then
Bitcoin reached a powerful resistance line and jumped down from it. Soon btc will try to break it again.
You have missed just one cycle. Prices are moving up and down. It is usual in every market.
This one is just a little different, that's all. I advise you not to miss anything
Yes, I agree with your idea. The price acts in a cycle model. it rises up and goes down frequently. if you cant follow the market to catch the information, you are easy to miss something. This one is just a little different, that's all. I advise you not to miss anything
BTC is slowly trying to get back its dominance but not too much. Honestly, the flippening might happen this year with Ethereum. There are more better usages with ETH than BTC at the moment. All the new ICO are based on ETH blockchain not BTC anymore. There are so many better and newer coins out there way better. BTC has always been the 1st of everything and its everyone knows and talks about. Just like MYspace or AOL---BTC will suffer the same fate. Venezuela just pushed their ICO out and some anon 400 million investor bought BTC that is what is happening at the moment...
i totally agree with you in this subject.
iin 2 years eth will take %40 dominance in markets.
I don't believe it, since the ETH had proof that don't scale very well (cat game), and they have been hacked (DAO case) on the his own blockchain, so i beliave in those new token app blockchain like Tezos, but i don't believe in a bright future for ETH either...
You have missed just one cycle. Prices are moving up and down. It is usual in every market.
This one is just a little different, that's all. I advise you not to miss anything
This one is just a little different, that's all. I advise you not to miss anything
Many buy Bitcoin at the moment to get free Bitcoin Private.
if we stay a few seconds, there must be many changes.
at least we have to monitor every time we can.
so we do not miss so far
at least we have to monitor every time we can.
so we do not miss so far
I think the market of alt coins depends on Bitcoin for now, and I suspect that in the next few months when Nvidia releases the new graphics card (March-May timeframe) it will have a huge spike again.
Only this dependence is not quite clear!When bitcoin grows in price,altcoins are falling!And it's understandable,everyone sells altcoyins that would buy BTC!But even with the drop in the cost of bitcoin,the Altkoins remain in the drawdown!
Possibly, was already bought enough bitcoin. Now we see the rise of alts, so now they buying it. How much will continue to buy all the coins, is unknown. But one thing is clear, there will be a new global pump after big buy.
I think the market of alt coins depends on Bitcoin for now, and I suspect that in the next few months when Nvidia releases the new graphics card (March-May timeframe) it will have a huge spike again.
BTC is slowly trying to get back its dominance but not too much. Honestly, the flippening might happen this year with Ethereum. There are more better usages with ETH than BTC at the moment. All the new ICO are based on ETH blockchain not BTC anymore. There are so many better and newer coins out there way better. BTC has always been the 1st of everything and its everyone knows and talks about. Just like MYspace or AOL---BTC will suffer the same fate. Venezuela just pushed their ICO out and some anon 400 million investor bought BTC that is what is happening at the moment...
I agree with you on this one the benefit of ETH will totally outweigh BTC in time to come
The market is still unstable! Bitcoin seems to have gone into growth, and immediately rolled back! Such swings will continue, but not for long! I think soon everything will start to grow in price confidently!
Many big investors are buying BITCOIN and the price goes up I saw a 400 million dollar order !!!!! .... Now it is likely that some of this money will be moved to the altcoin, with an increase in price of all cryptocurrencies
Partly the segwit stuff, partly the prospect of LN, partly the lower fees as the price has fallen from $20k, partly lower confidence in alts due to the January drop, and all effects amplified as usual by traders. Where bitcoin leads, alts follow. Bitcoin is leading the market recovery. Once BTC uptrend stops, alts will rise.
i have been some time staying out of the market.. now i realized that BTC is also rising again while many altcoins are going down.. BTC dominance almost 40% again. So the question is, what did i miss? a BTC airdrop near? or what the hell is going on?
this is normal movements on bitcoin price, after a lot of FUD coming, and bitcoin price down so hard, now the price is recover
so be ready for the next fly of bitcoin my friend
regards
I think another factor of bitcoins price is the patience level of those who invest on it. FUD was creeping all over cryptolandia on January and weak hands have sold theirs. Once bitcoin went back to the 7k mark sometime last week January, many started buying bitcoins again. So I feel there is a bit of something being controlled here. I just wonder how bitcoin can manage to stay at a high price without all the FUD.
i have been some time staying out of the market.. now i realized that BTC is also rising again while many altcoins are going down.. BTC dominance almost 40% again. So the question is, what did i miss? a BTC airdrop near? or what the hell is going on?
this is normal movements on bitcoin price, after a lot of FUD coming, and bitcoin price down so hard, now the price is recover
so be ready for the next fly of bitcoin my friend
regards
If the market is beginning to try to fix itself these days, we have to make our own investment for it and stay on the block
What is happening from the previous month was really alarming due to its sudden drop of btc. From that moment, many btc holders are starting to worried and we can't deny the fact that we feel a bit nervous. Also, I think many of us dump some coins because we can't handle the pressure of continuous drop of btc. But on the bright, that was also our opportunity to buy some coins because their value at that time was surprisingly low. So, for today for those who grab the opportunity will probably be gaining profits because coins are now starting to recover. And it will continuously keep increasing.
i have been some time staying out of the market.. now i realized that BTC is also rising again while many altcoins are going down.. BTC dominance almost 40% again. So the question is, what did i miss? a BTC airdrop near? or what the hell is going on?
I miss bitcoin can return 2x from current price. so can get bigger profit. I see btc will rise high and altcoin will go back up in some time to come. airdrop btc will it happen? I do not understand for that.i have been some time staying out of the market.. now i realized that BTC is also rising again while many altcoins are going down.. BTC dominance almost 40% again. So the question is, what did i miss? a BTC airdrop near? or what the hell is going on?
Well it is still consider a downfall as previously BTC was dominance at almost 60-65% once moment
BTC was peak at $20,000 and i would say its overvalue and a correction is important to maintain the value by balancing the bulls and bears
I think the only doubt now is just how dominant Bitcoin will be, I believe in something between 45% and 50% this year. With lower feeds an exclusive BTC pump can occur.
What is happening right now ? What happens now where the price of altcoin is not as expensive as 2017, in because in this year crypto experienced many problems by various parties and about the issue of crypto.
$11800 was a super high resistance which BTC couldn't break in 2 attempts so now it's heading back to its previous support levels. Lot of traders are shorting BTC now as it hit resistance. Don't panic sell anything now just wait for some days and BTC will be out of its long term downtrend.
btc will rise again and wait a bit between 12k-13k and 1-2 weeks goes sideway than we can see 2x-5x on altcoins. Many nice projects are dumped after btc crash but they are waiting to rise again. So be patient and HODL big rise for altcoin is coming .
i have been some time staying out of the market.. now i realized that BTC is also rising again while many altcoins are going down.. BTC dominance almost 40% again. So the question is, what did i miss? a BTC airdrop near? or what the hell is going on?
I miss bitcoin can return 2x from current price. so can get bigger profit. I see btc will rise high and altcoin will go back up in some time to come. airdrop btc will it happen? I do not understand for that. 
You didn't miss a whole lot BTC sentiment is currently bullish, we corrected to a bottom and rose back up, and somebody bought a billion worth of Bitcoin ~10k, and lastly Segwit is getting adopted which means cheaper fees finally! All things added up the general sentiment is bullish which means it is either near or is rocket time
i have been some time staying out of the market.. now i realized that BTC is also rising again while many altcoins are going down.. BTC dominance almost 40% again. So the question is, what did i miss? a BTC airdrop near? or what the hell is going on?
This is maybe the mentality of the most of investors and holders are change now in which they have already learned that everytime the Bitcoin will dip it will rise again so in order to be on board of this rise up speculation they will sell their altcoins thinking that holding Bitcoin is much faster of gaining than holding the altcoins.
What happened right now is the same as always, The bitcoin domininates 40% again . I hope on the next month it will be more excited to see what will happen to the world of cryptocurrency.
i dont relaly know... but i am absolutely convinced that BTC will be like Myspace in some time.... first pioneer and later forgotten!
You don't really know what's going on but you are absolutely convinced of things regardless? i have been some time staying out of the market.. now i realized that BTC is also rising again while many altcoins are going down.. BTC dominance almost 40% again. So the question is, what did i miss? a BTC airdrop near? or what the hell is going on?
Nothing that you missed. Just people right now putting some of their money instead of alts. That's why BTC dominance right now is increasing and those altcoins don't have strong fundamentally this month or upcoming months are suffering. Well this is the perfect time to find altcoins you want to buy while on dip.
People are waiting for bitcoin to move above 12-14K so we can start another bull run. The problem is that a lot of money left the market during the big correction so it's mostly traders moving money from alts to bitcoin.
At some point(soon) bitcoin will stop trending up, traders will move some money back to alts and then (hopefully) new money will enter the market like in October-December.
At some point(soon) bitcoin will stop trending up, traders will move some money back to alts and then (hopefully) new money will enter the market like in October-December.
Altcoins going down because people selling this for buy some bitcoin. But why they are doing this? I heard in last days few positive informations which change btc for better, but i do not remeber ths exacly
i have been some time staying out of the market.. now i realized that BTC is also rising again while many altcoins are going down.. BTC dominance almost 40% again. So the question is, what did i miss? a BTC airdrop near? or what the hell is going on?
Due to the lightning network will be tested on the litecoin and then if that was running smoothly and it will be implemented in the bitcoin too. People were buying more and more bitcoin. There is no BTC airdrop, all of the bitcoin airdrop got cancelled. With a lot of bullish trend for bitcoin to gain its dominance again. But this just the matter of time until the next waves for altcoin will come.
It seems to me that it's the same story over and over again. Bitcoin pumps, then altcoins pump, then Bitcoin pumps, then altcoins pump... and sometimes everything falls 
Seems like now is time for Bitcoin pump, but alts will probably follow in couple of months.
Seems like now is time for Bitcoin pump, but alts will probably follow in couple of months.
i have been some time staying out of the market.. now i realized that BTC is also rising again while many altcoins are going down.. BTC dominance almost 40% again. So the question is, what did i miss? a BTC airdrop near? or what the hell is going on?
what do you mean airdrop
i think bitcoin never open airdrop, never people can open giveaway payment use bitcoin, use airdrop system
i have been some time staying out of the market.. now i realized that BTC is also rising again while many altcoins are going down.. BTC dominance almost 40% again. So the question is, what did i miss? a BTC airdrop near? or what the hell is going on?
This is not the first time i see it. Once bitcoin explodes and shoots up like a rocket, the alcoins will lose some value. Afterwards they will come back and catch up most of the time
BTC is slowly trying to get back its dominance but not too much. Honestly, the flippening might happen this year with Ethereum. There are more better usages with ETH than BTC at the moment. All the new ICO are based on ETH blockchain not BTC anymore. There are so many better and newer coins out there way better. BTC has always been the 1st of everything and its everyone knows and talks about. Just like MYspace or AOL---BTC will suffer the same fate. Venezuela just pushed their ICO out and some anon 400 million investor bought BTC that is what is happening at the moment...
i totally agree with you in this subject.
iin 2 years eth will take %40 dominance in markets.
i dont relaly know... but i am absolutely convinced that BTC will be like Myspace in some time.... first pioneer and later forgotten!
That's very likely to happen. The everyday market is full of new coins. It won't be forgotten because it was the first big coin, but it will lose its importance.
BTC is slowly trying to get back its dominance but not too much. Honestly, the flippening might happen this year with Ethereum. There are more better usages with ETH than BTC at the moment. All the new ICO are based on ETH blockchain not BTC anymore. There are so many better and newer coins out there way better. BTC has always been the 1st of everything and its everyone knows and talks about. Just like MYspace or AOL---BTC will suffer the same fate. Venezuela just pushed their ICO out and some anon 400 million investor bought BTC that is what is happening at the moment...
i have been some time staying out of the market.. now i realized that BTC is also rising again while many altcoins are going down.. BTC dominance almost 40% again. So the question is, what did i miss? a BTC airdrop near? or what the hell is going on?
Alts pumped like crazy in December/January and then while they crashed with BTC they were still at inflated prices so some are still sliding and others are just not recovering nearly as much as BTC.
Maybe Coinbase Segwit?
https://www.bloomberg.com/news/articles/2018-02-20/coinbase-to-launch-segwit-upgrade-as-customers-seek-lower-fees
https://www.bloomberg.com/news/articles/2018-02-20/coinbase-to-launch-segwit-upgrade-as-customers-seek-lower-fees
This will be a huge step for BTC. Mass adoption of Segwit means lower fees, which means further adoption, and should translate into higher prices.
Btc made retracement,corrected and changed direction upwards.Alts going down due btc pump,and the reason of pump is a good question for me.Was predicted that btc can hit 12k and again go down till arounf 7-8k.Hope it want,cuzz all my alts already -x2 since jan.and slowy keep going down,but if happens they will crush straight down for another 40-50%,and to recover they will need at least 6 month of a stablr btc market,which is impossible:/
i dont relaly know... but i am absolutely convinced that BTC will be like Myspace in some time.... first pioneer and later forgotten!
i have been some time staying out of the market.. now i realized that BTC is also rising again while many altcoins are going down.. BTC dominance almost 40% again. So the question is, what did i miss? a BTC airdrop near? or what the hell is going on?
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update:
i feel really stupid.. yes, it was a mistake i meant BTC HARDFORK not airdrop!
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update:
i feel really stupid.. yes, it was a mistake i meant BTC HARDFORK not airdrop!
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