What's happening with Bitcoin & altcoins?

Silberman

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Quote from: bangkecol on August 29, 2020, 09:40:20 AM

In my opinion Bitcoin is on fire now. After 2 years ago the bearish market is very sick. Now, the market is turn into bullish trend.
Some altcoins will also follow bitcoin to get rising price.

If you take the time to watch the charts you will realize this is not what it is happening, what we are seeing is that the DeFi projects are leading the market and making the rest of the coins follow them including bitcoin, and this is what makes me suspicious of the recent movements we are seeing, at some point the hype for DeFi coins will go down and when that happens the market will crash and while I have no doubt the price of bitcoin will remain high I wonder what will happen to a coin like ethereum that has been so dependent on this recent hype.

Janation

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Quote from: pallang on August 29, 2020, 09:26:35 PM

Quote from: bangkecol on August 29, 2020, 09:40:20 AM

In my opinion Bitcoin is on fire now. After 2 years ago the bearish market is very sick. Now, the market is turn into bullish trend.
Some altcoins will also follow bitcoin to get rising price.

Bitcoin is now on recovering phase, bitcoin must reach $13k in order to start the bullrun,. Still no one can predict what will happen on bitcoin and on some altcoins this year. Hoping that after 2 years of suffering from bear market this year onwards will be bullish.

It is done with its "recovering phase".

Another thing is that it already started, the bull run for some time now and I think it would continue for some time now. Maybe it is the late effect of the halving or just investors took advantage of the fall that happened in the past month. All we know is that the price could just go back and forth at $12K, it is not staying at $11K, and might break at $12K again.

pallang

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Quote from: bangkecol on August 29, 2020, 09:40:20 AM

In my opinion Bitcoin is on fire now. After 2 years ago the bearish market is very sick. Now, the market is turn into bullish trend.
Some altcoins will also follow bitcoin to get rising price.

Bitcoin is now on recovering phase, bitcoin must reach $13k in order to start the bullrun,. Still no one can predict what will happen on bitcoin and on some altcoins this year. Hoping that after 2 years of suffering from bear market this year onwards will be bullish.

pixie85

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Quote from: hulla on August 26, 2020, 07:08:25 PM

Quote from: pixie85 on August 26, 2020, 05:29:29 PM

It doesn't look like a temporary pump but rather a push towards the last ATH at 20 thousand.

I think it too early to sure if it a temporary pump or the previous dump to be slightly market correction cause I read in an article about a whale that sold his 9000BTC if i remember correctly which i believe was what lead to the last dump. However, the trend pose by the market when it weekend will prove if the pump is temporary or not.

That 9000 is a speculation. I've posted about it in that thread. Coins being moved from one address to another doesn't have to indicate selling and even if they got that one right a whale sale doesn't mean the end of the bull market. It ust means he needed fiat or maybe he's buying something else like ETH.

Quote from: hulla on August 26, 2020, 07:08:25 PM

Quote from: pixie85 on August 26, 2020, 05:29:29 PM

The bear market has to end at some point and all signs are showing that this run after the halving was a normal price action:

Thats because most weak hands are expecting the halving effect/ new ATH.

I Consider myself a strong hand and I also believe this is going to be another halving effect with a bull market top within the next 2 years.

bangkecol

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In my opinion Bitcoin is on fire now. After 2 years ago the bearish market is very sick. Now, the market is turn into bullish trend.
Some altcoins will also follow bitcoin to get rising price.

Silberman

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Quote from: el kaka22 on August 26, 2020, 12:09:01 PM

Why do you think it is a bubble, there is really nothing here that could be considered a bubble at all, price should have gone a lot higher if you wanted to call it a bubble, it has actually gone to a level where it is totally acceptable and stayed there. Of course it tried to go over 12k price as well and if it was around 14-15k I would say that could have been a small bubble, or if it went to over 20k that would have been a bubble for sure.

However going from 9k to 11.5k is not a bubble at all, it is barely a bull movement, it took a whole pandemic plus halving to make it go up that much, all of which should help bitcoin because one caused fiat to go down with so much money printing that helped crypto and the other caused half of all mined coins to be gone per day which should effect it. So, 9k to 11.5k in all of this is not a bubble at all if you ask me.

When it comes to bitcoin it is clear that this is not a bubble since the price of bitcoin is completely fair in my opinion, the problem is what it is happening with altcoins, it is clear that speculators are taking over the market and investing in all kind of DeFi projects of doubtful reputation, and while many are excited about this the truth is that to me this seems to be completely unsustainable and when that is the case then we have no option but to say that altcoins are in the middle of a bubble.

Nazmul012

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Quote from: BestEarningTips on July 27, 2020, 10:35:57 AM

It was already months that Bitcoin has been struggling to reach the next level ($10,000). There is no a clear sign that Bitcoin continues rising up or declining its price in the near future. Now, some altcoins can increase their prices more than Bitcoin. Some people stated that it may be the bullish time for altcoins. While others still doubted it, and they claimed it is only about temporary pump done by whales. Well, what do you think about this, guys?

This is very normal thing that usually happened in cryto market. At this moment, cryto market is green, maybe because people are investing on it. Whatever holders should be happy seeing they are in benefit now

Quote from: pakhitheboss on July 27, 2020, 10:44:49 AM

Great! you asked,
In my opinion we should just HOLD and wait for Bitcoin to go beyond 20k. In my opinion it will go beyond that price range by the end of 2020

haven't seen any valid reason that could makes bitcoin price hit beyond $20k by the end of 2020. Although Btc market is much uncertain at this time & hard predict cause anything can be happen.

TheGreatPython

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Honestly when you look at all the crypto world right now, you could understand why it is in an actually weird phase right now.

We are talking about a phase when bitcoin and all other altcoins went up down first then up again and down again now, all within a week, just go to coinmarketcap and you can check all the coins and their weekly situation, you will realize that crypto world is in a situation where it doesn't know what they are doing, I would prefer if it was possible for crypto to be a bit more stable but unfortunately we all know that is not really possible, it is quite volatile and we would probably end up with even more movements in the end. Let's hope that in the end we are higher than where we are between all the ups and downs that is going on.

Mahanton

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Quote from: ?? on ??

Quote from: elisabetheva on August 27, 2020, 10:29:26 AM

Quote from: Hypnosis00 on August 26, 2020, 06:43:05 PM

Quote from: pixie85 on August 26, 2020, 05:29:29 PM

...
I'm quite confident that those who bought at 3000 USD were the lucky ones. If we ever see such levels again it will be in the next big bear market after the new ATH.

But unfortunately, many had missed the train and have regrets.
People never think that possibility as we brag by this pandemic and cause to think negatively about it, but just surprise us how it rises despite the situation. Those who have guts and strongly trusted Bitcoin have also being paid of, they are actually seeing it while the others did not.

The market keeps moving high and people started accumulating more cryptos. This it helps to keep the momentum on the right track and I was seeing strong ends this year.

true, I also really believe that bitcoin will continue to move stronger and will reach its peak next year. if the end of this year it is predicted that bitcoin can reach $ 15K then it is certain that next year's bitcoin will be many times over from 2017. and those who have held bitcoin for a long time will certainly reap the rewards, but it's never too late because the time is still long at least we can also enjoy a little of the opportunities that exist, if you want to try to exchange altcoins to Bitcoin.

YES! Great things take time. Actually 20-30% down in a day is very ordinary in the crypto market. This isn't new so don't be a crying when you you should perform make a buy order! People are gonna be fearful ATM but when things settle down it will have some bounce normally!

For people who had been here on this market for a while now wont really be surprised into these kind of events but for who did just recently joined the party will really get shocked
on what happened specially if the price had plummeted down into these certain ranges or percentages but actually recovery phase would always be on the end of the line.
We cant just see a market that do continously fall down without any recovery.When it comes to price movement then Bitcoin and altcoins are correlated to each other(sometimes not)
some do presume out and do include it into their investment analysis.

Questat

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Quote from: ?? on ??

YES! Great things take time. Actually 20-30% down in a day is very ordinary in the crypto market.

Time to accumulate, that's what it says.

Quote from: ?? on ??

This isn't new so don't be a crying when you you should perform make a buy order! People are gonna be fearful ATM but when things settle down it will have some bounce normally!

For some people it might cause them panic but the old investors like it, especially the whales as they will be waiting to buy at dip when people are in panic, and that's the way they make an easy money from us.

elisabetheva

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Quote from: Hypnosis00 on August 26, 2020, 06:43:05 PM

Quote from: pixie85 on August 26, 2020, 05:29:29 PM

...
I'm quite confident that those who bought at 3000 USD were the lucky ones. If we ever see such levels again it will be in the next big bear market after the new ATH.

But unfortunately, many had missed the train and have regrets.
People never think that possibility as we brag by this pandemic and cause to think negatively about it, but just surprise us how it rises despite the situation. Those who have guts and strongly trusted Bitcoin have also being paid of, they are actually seeing it while the others did not.

The market keeps moving high and people started accumulating more cryptos. This it helps to keep the momentum on the right track and I was seeing strong ends this year.

true, I also really believe that bitcoin will continue to move stronger and will reach its peak next year. if the end of this year it is predicted that bitcoin can reach $ 15K then it is certain that next year's bitcoin will be many times over from 2017. and those who have held bitcoin for a long time will certainly reap the rewards, but it's never too late because the time is still long at least we can also enjoy a little of the opportunities that exist, if you want to try to exchange altcoins to Bitcoin.

hulla

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Quote from: pixie85 on August 26, 2020, 05:29:29 PM

It doesn't look like a temporary pump but rather a push towards the last ATH at 20 thousand.

I think it too early to sure if it a temporary pump or the previous dump to be slightly market correction cause I read in an article about a whale that sold his 9000BTC if i remember correctly which i believe was what lead to the last dump. However, the trend pose by the market when it weekend will prove if the pump is temporary or not.

Quote from: pixie85 on August 26, 2020, 05:29:29 PM

The bear market has to end at some point and all signs are showing that this run after the halving was a normal price action:

Thats because most weak hands are expecting the halving effect/ new ATH.

Hypnosis00

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Quote from: pixie85 on August 26, 2020, 05:29:29 PM

...
I'm quite confident that those who bought at 3000 USD were the lucky ones. If we ever see such levels again it will be in the next big bear market after the new ATH.

But unfortunately, many had missed the train and have regrets.
People never think that possibility as we brag by this pandemic and cause to think negatively about it, but just surprise us how it rises despite the situation. Those who have guts and strongly trusted Bitcoin have also being paid of, they are actually seeing it while the others did not.

The market keeps moving high and people started accumulating more cryptos. This it helps to keep the momentum on the right track and I was seeing strong ends this year.

pixie85

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It doesn't look like a temporary pump but rather a push towards the last ATH at 20 thousand. The bear market has to end at some point and all signs are showing that this run after the halving was a normal price action: last sell off before the halving followed by a bull market characterized by increase in the mining power and volume spike on exchanges.

I'm quite confident that those who bought at 3000 USD were the lucky ones. If we ever see such levels again it will be in the next big bear market after the new ATH.

qwertyup23

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Quote from: BestEarningTips on July 27, 2020, 10:35:57 AM

It was already months that Bitcoin has been struggling to reach the next level ($10,000). There is no a clear sign that Bitcoin continues rising up or declining its price in the near future. Now, some altcoins can increase their prices more than Bitcoin. Some people stated that it may be the bullish time for altcoins. While others still doubted it, and they claimed it is only about temporary pump done by whales. Well, what do you think about this, guys?

Nah, this is a normal day in cryptocurrencies given their current nature being highly volatile. If you observe that some prices of altcoins are steadily increasing while the price of bitcoin is not, then you may take that as an opportunity to acquire some altcoins for additional investment.
It is relatively difficult to look for a correlation about the increasing/decreasing of the price of bitcoin and altcoins as they are different.

Quote from: Ayiranorea on August 18, 2020, 06:59:20 PM

Nothing big, what we see in the market with bitcoin and altcoins is the regular market moves. We don't have anything to describe in particular, as there is no big news associated with cryptocurrencies. Like the ICO and IEO that made a market rise, now the DEFI tokens were playing its role. As a part more such projects have gained good marketcap, this will last until something new enters the market.

That is true. If the increase in the price of altcoins is significantly huge compared to bitcoin, then we can deduce or speculate on why such thing happened. But with minor changes to its price, treat it with a grain of salt and consider it as an opportunity to either buy/sell some cryptocurrencies.

el kaka22

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Why do you think it is a bubble, there is really nothing here that could be considered a bubble at all, price should have gone a lot higher if you wanted to call it a bubble, it has actually gone to a level where it is totally acceptable and stayed there. Of course it tried to go over 12k price as well and if it was around 14-15k I would say that could have been a small bubble, or if it went to over 20k that would have been a bubble for sure.

However going from 9k to 11.5k is not a bubble at all, it is barely a bull movement, it took a whole pandemic plus halving to make it go up that much, all of which should help bitcoin because one caused fiat to go down with so much money printing that helped crypto and the other caused half of all mined coins to be gone per day which should effect it. So, 9k to 11.5k in all of this is not a bubble at all if you ask me.

Silberman

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Quote from: Ayiranorea on August 18, 2020, 06:59:20 PM

Nothing big, what we see in the market with bitcoin and altcoins is the regular market moves. We don't have anything to describe in particular, as there is no big news associated with cryptocurrencies. Like the ICO and IEO that made a market rise, now the DEFI tokens were playing its role. As a part more such projects have gained good marketcap, this will last until something new enters the market.

I do not think that what we have saw during the last months can be attributed to their regular market moves that we see all the time, it is clear that the market is once again forming a bubble but instead of being a bubble born out of icos or ieos as it was in the past what we are seeing is a huge interest in DeFi projects, and while there are some that are without a doubt interesting there are many that are being released just because they want to take advantage of the fact that people seem to throw money at those projects without taking the time to research them.

Reatim

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Quote from: BestEarningTips on July 27, 2020, 10:35:57 AM

It was already months that Bitcoin has been struggling to reach the next level ($10,000). There is no a clear sign that Bitcoin continues rising up or declining its price in the near future. Now, some altcoins can increase their prices more than Bitcoin. Some people stated that it may be the bullish time for altcoins. While others still doubted it, and they claimed it is only about temporary pump done by whales. Well, what do you think about this, guys?

Welcome to crypto market where the prices is really unpredictable and expectation will always your enemy.

Just 2 weeks after you posted this Bitcoin is now Sitting at $12,000 level so i think you should revised your post and phrase bitcoin and altcoins for the growth you have been asking right?

this is the problem,we are always complaining when price is struggling but never been thankful when the market turn around to favor us?

Bitcoin will always go forward never forget that.
Not because there are certain fall meaning this is already permanent because volatility is what this market makes round.

Ayiranorea

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Nothing big, what we see in the market with bitcoin and altcoins is the regular market moves. We don't have anything to describe in particular, as there is no big news associated with cryptocurrencies. Like the ICO and IEO that made a market rise, now the DEFI tokens were playing its role. As a part more such projects have gained good marketcap, this will last until something new enters the market.

Silberman

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Quote from: tbterryboy on August 11, 2020, 03:37:18 PM

When there was a huge bull in 2017 and bitcoin went up, it didn't went up as high as some of the other coins, that is the thing about drops and increases in bitcoin and altcoin world.

It was about 3k or so before the huge increase and it peaked at 20k, that means it was around 7 times higher, I remember ethereum being around 40-60 dollars and reaching to 1500 dollars, it was insane, and many many more coins reaching up to x50+ increases those days. After the drop? Well, bitcoin did dropped like 80% or so but usually it was higher around 6k+ levels whereas most of the coins that dropped was around 90%+ lost and some of them are still there, so that means bitcoin increases and decreases a lot less while altcoins increases and decreases a lot more while they do it together.

This is completely understandable, the market cap of bitcoin is many times higher than even the second coin in the market which means that its growth cannot be as big as the growth of other coins, it seems once again the excitement over ethereum is getting very high but I'm worried that all of the people that invest in it right now could lament their decision in the future because I do not really see how its current price can be maintained over the long term.

Topic: What's happening with Bitcoin & altcoins? (Read 801 times)