Topic: What kind of magic is this? - page 4. (Read 1232 times)
this is normal for this time of year because many eviction of ether and btc in the market there they always bring down the price but with the news in the last days I am anxious think we will arrive in 10k btc still in 08/18 believes
Yeah. The movements of the current market is slightly different from how it behave previously. I see the price of BTC is going up. But I don't see any major movements of ETH price also the Alt coins.
I also do not have a sensible answer for myself because I asked the same question myself and I cound not answer. Moreover I betted on ETH I was sure that ETH would decrease the spread with BTC but it would not. I am thinking much about this situation and I have come to the understanding that somebody has holded the important level 6000$ preventing the further falling of BTC but as we can see it does not mean that money have come to the crypto market because in that case we would see the similar growth at least in major altcoins but it has not happened so and actually it means that the cryptpo market is in stagnation and the bearish trend is not broken yet. Well we need to wait until major altcoins will become growing and just in this situation we will be able to say that the market has changed its direction to the upward trend..
I think that it's a natural thing, when bitcoin prices rises then other altcoin prices take adaptation time to follow up maybe a few days. So the price increase that happens to other altcoins is not immediate right away. Another altcoin also needs a process to stabilize its price because it could be that some altcoin players are off of the market and do not know the development of bitcoin prices. This is what makes altcoin market is not directly active and crowded. My suggestion, you should be more sociable in a few days of adaptation. You should not immediately think negatively.
I think it's common sense that you move your fund from Altcoin at this point of Bitcoin so you could benefit from rise in value of bitcoin. This exactly what is happening now as people are dumping Altcoin to buy Bitcoin.
I think that many positive news about bitcoin makes btc very attractive to invest, so BTC dominance raising, all people are waiting etf decision.
This is mainly connected with ETF decision on BTC and speculative investments predicting that it will be positive decision.
This is why Bitcoin dominance increasing nowadays and other Alts. not following fully BTC rise.
I think early August we will see BTC market dominance over 50%
This is why Bitcoin dominance increasing nowadays and other Alts. not following fully BTC rise.
I think early August we will see BTC market dominance over 50%
This is usually happens because btc in the cryptos King, when the price pump, other altcoin will also follow the trend, Bitcoin is mostly use for ICO investments and also help the price to pump.
Actually most of the people follow this price based on this BTC have good value in market also people who are invested in bitcoin they follow this price because if BTC decrease then most of them withdraw their money because they know this price will be fall too.
Let me explain it in a simple way. People started to buy altcoins this last march to June and when Bitcoin started to run its bull, people started to convert their altcoins into Bitcoin for them to profit. I think that's the logical explanation to sum it up. Don't worry though, altcoin bull run will follow soon.
Basic rule of the market price in cryptocurrency is the role of the man, and this obviously means that bitcoin is having more demand right now then alternative cryptocurrencies are having.
It is really interesting to see the market right now. The prices are always changing rapidly along the time. We can see that the price of Bitcoin today is rising. This morning the altcoins are mostly red. And now, the altcoins mostly are going to be green. yeah, i think that the price of the altcoins is following the BTC to increase.
What goes up must come down. It's karma. Every thing can not change it. But i think the market can not die. Because many ICOs have real purpose. Some ICOs supply fresh water to Africa. That's good.
There are various sources where you can try to find out this information. But I think about this magic, you just can not find the information. I'm guessing that this is a game, a game of someone who claims it all. Therefore many of the crypts depend on bitcoins.
It could not be fully allowed as a reference. Although the price of the bitcoin ride is not necessarily altcoin also experienced the same thing. Moreover, the increase in bitcoin until now according to my observations without cause. the big dump is feared could just be the case. even though it does look good but caution is also required.
Now, many are changing altcoins on Bitcoin. I can not say that this is the right decision. There has been a slight increase in Bitcoins and a crowd of investors, began to establish a bullish society. This may again end even stronger fall.
Actually not all alt coins in the market is still on down trend, because some of my alt coins in my portfolio is gradually increasing as well like bitcoin, perhaps the reason why some alt is still suffering until now it is because maybe some of allt holder is converting into bitcoin because of the potential, which is instead of keep holding even though it's still suffering.
I think BTC and ETH’s relation is rather inversely correlated as people tend to convert from ALTs to BTCs as soon as they see BTC rising and it has been the case lately. So, ETH’s demand is going down which as caused a dip already, whereas BTC is showing a really fast recovery right now.
The price of altcoin is not always followed with price of Bitcoin, will be any times for altcoin to follow BTC and also sometimes it will be not follow Bitcoin. This is according to news that exist in the market, but so far more case altcoin followed BTC, because when the demand of BTC increase will be the same with altcoin too.
I've been monitoring the market for a couple of months now. Most of the coin value rely on the price of Bitcoin. If the BTC price goes up, every altcoins will follow and if it will goes down, the price of every altcoins will goes down as well. But the question is, Bitcoin price/value is still going up but the price/value of every altcoins especially Ethereum goes down. How did this happen? Any logical or scientific basis to explain this. As of now, I am still confuse. 
We consider this as a reality magic every moment of time everything is change. In life of crypto subject like altcoin their are many movements happen like upside down of the prices of the market. We can't magic if whether when will go up and down but the hoping is their that this will becomes stable. Many investors have their tactics and strategies, plans to be aiming as good, you can ask them for further information.
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