What's happening with Bitcoin & altcoins? - page 2.

peter0425

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Quote from: Janation on August 11, 2020, 01:54:13 AM

Quote from: AjithBtc on August 08, 2020, 08:23:32 AM

With bitcoin and altcoins there is differential growth. Bitcoin and altcoins grew mutually till some point, and further there is growth with bitcoin while altcoins remains to stabilize. Further the market turned green and soon it has changed back to red. Now there is growth with bitcoin and no big change with altcoins. Maybe this can get profit for users who invest at the moment and hold for the new ATH.

The altcoins are also increasing but in a slow pace.

Bitcoin may be having a good movements these days now but that is the same with altcoin but in their own pace. We don't know when will altcoins pump, all we know is that it will have its time, when Bitcoin pumps, altcoins follow but we never know when will it really pump like ETH did in the past.

Remember when binance do the same.

There's certain movements with alts look with DeFi the project seems being hypes so even there's some
downside movements from bitcoin, this project still gaining interest and the value still doing great.

tbterryboy

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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.

Janation

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Quote from: AjithBtc on August 08, 2020, 08:23:32 AM

With bitcoin and altcoins there is differential growth. Bitcoin and altcoins grew mutually till some point, and further there is growth with bitcoin while altcoins remains to stabilize. Further the market turned green and soon it has changed back to red. Now there is growth with bitcoin and no big change with altcoins. Maybe this can get profit for users who invest at the moment and hold for the new ATH.

The altcoins are also increasing but in a slow pace.

Bitcoin may be having a good movements these days now but that is the same with altcoin but in their own pace. We don't know when will altcoins pump, all we know is that it will have its time, when Bitcoin pumps, altcoins follow bur we never know when will it really pump like ETH did in the past.

CryptopreneurBrainboss

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Quote from: arwin100 on August 10, 2020, 06:53:06 PM

But in the end of the day we can't trust them 100% much since some of the alts out there is just been pump due to the hype given by those supporters and it will just temporarily happen

Not trusting them 100% isn't effort, we can't trust them at all. Just see them for what they're because eventually there's will be a better and more improve altcoins solving same problem your so called altcoins is parading himself to be solving. Never get attached to any of them or you'll end up losing your funds. Many think they're doing quite well but comparing the sats value of your invested capital and what that coin you bought is worth in the future will give your a clear understanding why holding bitcoin is superior to any of the shitcoins out there.

Just used them to get more sats and you'll be fine, never consider them to be your number one priority. I always advise my folks on what I consider the golden rule, 'Altcoins will come and go but bitcoin will be here for a very long time'. The coming and going simply means their different season of getting the spotlight like with what DeFi Tokens are currently experiencing. Invest wisely.

arwin100

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Quote from: carlfebz2 on August 10, 2020, 05:52:09 PM

Quote from: CryptopreneurBrainboss on August 07, 2020, 09:52:35 AM

What's the story now, who is smiling, is it bitcoin or the altcoins? For the record, don't ever short bitcoin as you'll end up regretting that decision. When OP wrote the thread, I believe he must have doubts of bitcoin been able to break the resistance it had at $10k price mark but look at the market today, never bet against bitcoin.

The alts that were on a roll back then are mostly in red now. Bewise, not advising against trading alts but be very cautious when engaging m them. They can be very tempting and may cost you more then your initial lost if you get too attaches. Understand they're just distractions and focus on staking sats. Used them though to get more sats.

Having an option isnt really that bad as long you do able to make up some gains but majority do really consider on holding alts and believing that this is much better than BTC.

Yes, it can possibly give out that high profitability yet value isnt really that much or big but in terms of long run aspect then we can really say that BTC would always have that thing in the end of the line.

uncertainty and doubts are common but for those who do risk and believe on will always be the one who will able to make some profits.

But in the end of the day we can't trust them 100% much since some of the alts out there is just been pump due to the hype given by those supporters and it will just temporarily happen so maybe best to became selective and put our focus on the main coins like BTC and ETH since this two big coins can give us profit and funds security by now.

carlfebz2

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Quote from: CryptopreneurBrainboss on August 07, 2020, 09:52:35 AM

What's the story now, who is smiling, is it bitcoin or the altcoins? For the record, don't ever short bitcoin as you'll end up regretting that decision. When OP wrote the thread, I believe he must have doubts of bitcoin been able to break the resistance it had at $10k price mark but look at the market today, never bet against bitcoin.

The alts that were on a roll back then are mostly in red now. Bewise, not advising against trading alts but be very cautious when engaging m them. They can be very tempting and may cost you more then your initial lost if you get too attaches. Understand they're just distractions and focus on staking sats. Used them though to get more sats.

Having an option isnt really that bad as long you do able to make up some gains but majority do really consider on holding alts and believing that this is much better than BTC.

Yes, it can possibly give out that high profitability yet value isnt really that much or big but in terms of long run aspect then we can really say that BTC would always have that thing in the end of the line.

uncertainty and doubts are common but for those who do risk and believe on will always be the one who will able to make some profits.

Silberman

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Quote from: AjithBtc on August 08, 2020, 08:23:32 AM

With bitcoin and altcoins there is differential growth. Bitcoin and altcoins grew mutually till some point, and further there is growth with bitcoin while altcoins remains to stabilize. Further the market turned green and soon it has changed back to red. Now there is growth with bitcoin and no big change with altcoins. Maybe this can get profit for users who invest at the moment and hold for the new ATH.

At the beginning of this growth altcoins have been performing better than bitcoin but it seems that bitcoin is slowly regaining ground which to me is a healthy sign because whenever I see altcoins outperforming bitcoin in such a massive way I cannot help to think that the movement is fake, after all how can the rally continue when the most important coin that represents 60% of the market is not moving as fast as those coins.

shoreno

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Quote from: AjithBtc on August 08, 2020, 08:23:32 AM

With bitcoin and altcoins there is differential growth. Bitcoin and altcoins grew mutually till some point, and further there is growth with bitcoin while altcoins remains to stabilize. Further the market turned green and soon it has changed back to red. Now there is growth with bitcoin and no big change with altcoins. Maybe this can get profit for users who invest at the moment and hold for the new ATH.

red and greens are already part of the market . not also true that alts are now stable but they are actually continue to grow with smaller amounts

pump for alts are still here , it means it is really a season for them and not just a temporary pumped . i believed that many people already enjoyed thier profits and some could still be holding for now . btc on the other hand is not struggling to gain some pounds . this is good because its not only a bullish time for alts but both of the coins are .

AjithBtc

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With bitcoin and altcoins there is differential growth. Bitcoin and altcoins grew mutually till some point, and further there is growth with bitcoin while altcoins remains to stabilize. Further the market turned green and soon it has changed back to red. Now there is growth with bitcoin and no big change with altcoins. Maybe this can get profit for users who invest at the moment and hold for the new ATH.

STT

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Short Bitcoin is just a form of selling, depends if that person is extended in their liabilities or not. Never short anything is a pov as the price can spike if the trade gets crowded. Like for example look up how VW became the worlds most highly valued company for a time, it was shorted but then received a take over bid and the short sellers had no way to buy back their shares at any price. They were over balanced and should have taken profits as price does not determine value, they relied on market liquidity and it dried up instantly one day.
BTC can obviously receive alot more attention, alot of buyers can come into this market but most of the time its just the regulars pushing back and forth trying to trade it. Its really easy for shorts to get wiped out with a limited resource. I usually expect pullbacks because I think too many hold BTC with their fingers crossed and worse is being extended with any kind of leverage, if thats the average we will pull back for sure.
The Federal Reserve is trying to make you believe long everything is correct, they'll inflate all prices but they are the Wizard of OZ and behind the curtain the reality is alot less impressive.

CryptopreneurBrainboss

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What's the story now, who is smiling, is it bitcoin or the altcoins? For the record, don't ever short bitcoin as you'll end up regretting that decision. When OP wrote the thread, I believe he must have doubts of bitcoin been able to break the resistance it had at $10k price mark but look at the market today, never bet against bitcoin.

The alts that were on a roll back then are mostly in red now. Bewise, not advising against trading alts but be very cautious when engaging m them. They can be very tempting and may cost you more then your initial lost if you get too attaches. Understand they're just distractions and focus on staking sats. Used them though to get more sats.

smyslov

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Quote from: danherbias07 on July 30, 2020, 06:47:15 AM

Give it a few more weeks.
If it doesn't move down then it may not be just a temporary one. I am really hoping this is the new bottom.
There may also be a better reason to this than just always using whales as a basis of every pump of bitcoin and altcoins.

It could be that people are learning more about cryptocurrencies due to lockdown and they are now riding the boat.

I like to think that it has something to do with the supply, we are two months after the halving and we now feel the effect of the halving and of course besides the fact that many companies are going cashless and Cryptocurrency is one of the choice, we have seen the floor now we are moving up as we expect this to happen but not this fast.

jrrsparkles

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In terms of percentage many altcoins are bumping more that bitcoin everyday but one coin is not bumping constantly that is what makes the difference of altcoins.It is not good to invest on a coin just because the price jumped randomly in an insane amount because probably it has been executed by the whales.

elisabetheva

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Quote from: ?? on ??

There's nothing wrong with the altcoins though it's just that most of them doesn't follow what is the trend of Bitcoin that's why most of them got left behind. Whereas ETH for example is totally on a different side of the rest of altcoins, it breaks a new price resistance which is most speculators been waiting for too long to happen and here it is now.

yes, ethereum is more familiar with the situation than other altcoins that still have problems with themselves. ethereum can get closer and follow the steps of bitcoin every time there is a sharp increase from bitcoin, this is certainly a step that is eagerly awaited so that it can continue to move towards a positive direction.

actually other altcoins have also started to show a positive direction, but they still have constraints within themselves that cannot be fully controlled. with the development they will also receive the impact of the increase in bitcoin although it may be too late compared to ethereum.

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Overtime I feel like it will average out, there will be a time when bitcoin will be valuable but not volatile, it will definitely have an increasing effect and the prices will be definitely high but the volatility will drop. Why do you think it is volatile right now?

Because it is basically at a stage where the volume and liquidity is very very low compared to what it can be, which is why I believe there is so much volatility and that is why I think there will be a change one day, it may not be quickly, it may not be slowly but it will definitely get to a point where it has so much volume and so much liquidity that the price will not be capable of changing that quickly. Of course even the biggest stocks with tens of billions of dollars changed every day moves a bit, but not at bitcoin level.

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Quote from: Pamadar on July 31, 2020, 08:44:49 PM

Quote from: ?? on ??

There's nothing wrong with the altcoins though it's just that most of them doesn't follow what is the trend of Bitcoin that's why most of them got left behind.

There's nothing wrong indeed, depends from how the creators will make progress that's the thing that will bring them into this trends.

Yeah maybe some people think that altcoins grow out of no where, the team behind the development is the core of the success of the coin so if an altcoin price is surging that is because of the speculation of the people because of the progress that they are making, in short people are trusting them.

Quote from: ?? on ??

Whereas ETH for example is totally on a different side of the rest of altcoins, it breaks a new price resistance which is most speculators been waiting for too long to happen and here it is now.

Quote from: Pamadar on July 31, 2020, 08:44:49 PM

Good catch for every investors who entrust their investment to this project, after that huge dip it's now breaking its way to the top,
expectations coming from those spectators will create more rise to this project.

As for eth is concern this coin already has its name mainly for being the 2nd in the market after bitcoin so doubting it would make us fool to believe that it will not be running with bitcoin. No matter how low it gets, it will rise just like bitcoin. This year, I see ethereum being bigger than the bitcoin in terms of price increase percentage, bitcoin could just be 2x of its price right now, ethereum could get 5x.

Pamadar

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There's nothing wrong with the altcoins though it's just that most of them doesn't follow what is the trend of Bitcoin that's why most of them got left behind.

There's nothing wrong indeed, depends from how the creators will make progress that's the thing that will bring them into this trends.

Quote from: ?? on ??

Whereas ETH for example is totally on a different side of the rest of altcoins, it breaks a new price resistance which is most speculators been waiting for too long to happen and here it is now.

Good catch for every investors who entrust their investment to this project, after that huge dip it's now breaking its way to the top,
expectations coming from those spectators will create more rise to this project.

Janation

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Quote from: ?? on ??

There's nothing wrong with the altcoins though it's just that most of them doesn't follow what is the trend of Bitcoin that's why most of them got left behind. Whereas ETH for example is totally on a different side of the rest of altcoins, it breaks a new price resistance which is most speculators been waiting for too long to happen and here it is now.

This happens and there times that it is the opposite.

Remembered how ETH pumped its way in 2017 and BTC went down so bad. Either way, we expected this to happen but not the same as the altcoins being stationary.

For now, let's just wait since we should also expect that the price will go down, that might be a time for some altcoins to shine.

STT

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Quote from: gesrhon7 on July 31, 2020, 04:00:07 AM

Hello am new to this chat room please i want to ask why some of the Altcoin is not going up with bitcoin as it stand some rather are falling is there any reason for this ?

Thats familiar dynamic, a good alternate take is to consider price in dollars as a ratio not just BTC. If BTC rises alot it puts pressure on anything valued in BTC as they both become more valuable with that rapid change recently this is not new. This is the same in many markets, theres always a push and pull between commodities and currencies in contrast to each other. BTC moving alot is disruptive to a few others and especially alt coins as the smaller of the two will give way most often.

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Quote from: Wind_FURY on July 31, 2020, 05:49:04 AM

Rest In Peace "Alt Season", July 20, 2020 - July 27, 2020. Killed and eaten by the almighty king of cryptocurrencies, Bitcoin.

Buy the dip, and? Cool

For those who do wait up for alt season then they would probably feel on what you have said but basing of on movement then most top alts do able to handle and can move out the same on where BTC is going
and the rest? They are moving sideways which isnt surprising.Defining altcoin season do mostly happen when bitcoin market is tanking or moving sideways and the rest will depend if it will
correlate on bitcoins price or would stay up the same.

Topic: What's happening with Bitcoin & altcoins? - page 2. (Read 784 times)