What's happening with Bitcoin & altcoins? - page 3.

famososMuertos

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LE ☮︎ Halving es la purga

Bitcoin has no clear signals in the short term *. That is what makes it so unpredictable and not because it changes its price but because of the stripes in what it does, bitcoin may have had a sustained growth to overcome the 10,000 barrier, apparently definitely (we will see), but it had a growth above 14%.

There are altcoin and its derivatives that its holders move in hundreds of thousands (even millions) of their currencies so an increase of a few pennies can mean a lot of profit, that even in some of its holders may have years of Hodl waiting for a significant increase . So the term time bomb is relative in the individuality and importance of each owner of those Altcoin.

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

...
Now, some altcoins can increase their prices more than Bitcoin. Some people stated that it may be the bullish time for altcoins.
...

In terms of percentages! which is the only way it can happen. In this sense, some may have large increases but even in the recovery phase, after steep falls.

Wind_FURY

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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

ultrloa

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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?

For me bitcoin is still unpredictable and it surprises us in so many ways. See? There is no clear sign that it will rise but on the past days it already passes $10K. But I am not sure if altcoins can pass bitc price. Btc is really expensive now. I know there are good alts that have a good price but is still far from $10K. Year 2017, there are rumors that ETH will pass bitcoin but until now btc is leader coin.

No clear sign but we can see some indicator on order books or any other site that gives technical data's, but we cannot rely on this 100% since there are sudden changes from time to time since we cannot control the holdings of the other traders. But one thing we can do from those sudden changes is to react accordingly on what will happen on the market since sometimes holding for long time can cause bad heart aches since it could drop our money from sudden dump.

Jating

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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 ?

What do you mean that you are new? looking at your profile, it seems that you have been a member in this community since 2018? Or I'm I missing something here.

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.

That's the nature of bitcoin though, there will be days that it will go sideways, just like what we have seen after the halving. But just this week alone, the price seems to increase in massive proportions and who would have thought that it will breach $10k like a butter and then goes on to go as high as $11,300.

Altcoins are not far behind, but only a few of them grow because of the news about Eth 2.0 and then the Defi hype continues as more investors continue to ride on the bandwagon.

gesrhon7

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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 ?

The Sceptical Chymist

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

Now, some altcoins can increase their prices more than Bitcoin. Some people stated that it may be the bullish time for altcoins.

Well apparently it is a bullish period for altcoins--but who knows how long that's going to last? Nor can anyone say with certainty why alts perform better (or worse) than bitcoin at any given time. Before the coronavirus outbreak, all I kept reading was about "altcoin season" and questions about when it was going to start. I think a lot of traders have been itching to get back into the altcoin market for a while now, and it seems like some of them have.

Quote from: exstasie on July 29, 2020, 06:26:30 PM

The bubble hasn't even begun and you're talking about the crash afterwards?!

Yeah, even with bitcoin crossing the $11k mark it's still nowhere near bubble territory. If the price got to $25k within the next 12 months (and I just picked those two numbers out of a hat), then I'd say bitcoin might be in the red zone and then I'd be concerned about a crash--but not now. It's way too early for that.

Quote from: Questat on July 29, 2020, 05:33:29 PM

We have achieved the current high this year already which is $11300, so just relax and enjoy watching the bullish moments of bitcoin and we might fly from here.

Indeed. Back in March or so when bitcoin (and the stock market) were crashing, I would not have predicted we'd see the $10k point being breached, and I think I even wrote that in a couple of posts. So yet again I'm surprised at how unpredictable bitcoin can be.

el kaka22

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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.

Yeah people are worried, if they get in right now, they would be getting in AFTER it moved up, which would be very scary and that is not really something that we should all be doing that easily, because all want to make it possible for people to actually get in low if they can, not when it is up.

However if they stop now, they could miss out on the next increase as well, if nobody gets in the price won't get up obviously because it only gets up when you buy, but if you wait and others get in, you are going to miss out on a lot of stuff which is scary. Yet if you do get in that means you are going to risk it and it could go down, it has been up for a while, there could be a correction and while others made a profit when it went up, you would be losing money because it is going down.

danherbias07

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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.

ethereumhunter

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Quote from: goaldigger on July 29, 2020, 06:42:57 PM

Quote from: LogitechMouse on July 29, 2020, 07:06:46 AM

There are 2 scenarios that I'm seeing with the recent pump of the market.

1. Just a normal pump and dump scenario that has been happening for a long time already.
2. This is what the holders are waiting for. An upward movement and a possible wave 5 scenario Cheesy

.

Either way, I'm just happy that the movement of the market after weeks of being sideways is on the upside but still I remain vigilant and waiting for a dump to happen.

That’s a good piece of thoughts and its true that the market always move like this, bitcoin can either pump or dump at no specific reason. Maybe says because of gold is rising as well, and many says that the bull is here now but all of those are just speculation, it you become more greedy then you might miss this chance to sell your bitcoin or to buy more. The strategy that you have should work on this, if there’s an opportunity to earn profit do it with bitcoin and always monitor the trend.

I like both scenarios, and I strongly agree with the number one because the price already reaches the highest price, but then the price is down to $10k. So that can be a normal pump and dump that will always happen in the cryptocurrency, and I think all people now enjoy the new stable price at $10k-$11k. The next target for bitcoin price will be at $12,500-$15k, but I don't know when that can be reached. We have a chance to buy low and sell high this time because the bitcoin price movements still happen.

goaldigger

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Quote from: LogitechMouse on July 29, 2020, 07:06:46 AM

There are 2 scenarios that I'm seeing with the recent pump of the market.

1. Just a normal pump and dump scenario that has been happening for a long time already.
2. This is what the holders are waiting for. An upward movement and a possible wave 5 scenario Cheesy

.

Either way, I'm just happy that the movement of the market after weeks of being sideways is on the upside but still I remain vigilant and waiting for a dump to happen.

That’s a good piece of thoughts and its true that the market always move like this, bitcoin can either pump or dump at no specific reason. Maybe says because of gold is rising as well, and many says that the bull is here now but all of those are just speculation, it you become more greedy then you might miss this chance to sell your bitcoin or to buy more. The strategy that you have should work on this, if there’s an opportunity to earn profit do it with bitcoin and always monitor the trend.

exstasie

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Quote from: InvoKing on July 29, 2020, 07:56:26 AM

Quote from: LogitechMouse on July 29, 2020, 07:06:46 AM

There are 2 scenarios that I'm seeing with the recent pump of the market.

1. Just a normal pump and dump scenario that has been happening for a long time already.
2. This is what the holders are waiting for. An upward movement and a possible wave 5 scenario Cheesy

.

Either way, I'm just happy that the movement of the market after weeks of being sideways is on the upside but still I remain vigilant and waiting for a dump to happen.

With a final dump result for sure. The question is how far this bubble will attend

The bubble hasn't even begun and you're talking about the crash afterwards?!

$250K-$350K is as good of a guess as any, especially since so many people are aiming so low. Most people around here are speculating on $25K, $50K, $70K, $100K. Extrapolating based on past bubbles yields much higher results.

I think people get too used to certain price ranges (like $10K) that they can't conceive of what exponential gains really look like. They also focus too much on things like market cap, which are relatively meaningless in a bubble. It's all about available supply on exchanges. Very little volume is exchanged at the top of a blow off top.

Questat

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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?

Guess what level we are now, bitcoin trading already at $11200 at the moment, that's another level of achievement this year.
We have achieved the current high this year already which is $11300, so just relax and enjoy watching the bullish moments of bitcoin and we might fly from here.

Remember, we are still in July, so if bitcoin will be bullish for the rest of the year, well.. what can I say, a new ATH for sure.

dunfida

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Quote from: CryptopreneurBrainboss on July 29, 2020, 01:40:03 PM

The market revolves in circle and the sooner we realized that the easier it'll be to outsmart the market in profiting from it. Few days back, most cryptocurrency enthusiast would had easily said we're in the altcoin season that bitcoin won't moon for sometime but I guess the recent movements of the market has shattered that thought.

Understanding that money moved form one coin to another is a key fact as few weeks ago, most altcoins were mooning and after profit were taken the next available coin which was bitcoin and ethereum that didn't partake in the mooning trends automatically has to be the beneficiary's of the profits gotten from trading the altcoins.

The same thing will repeat itself in the coming weeks or months, you just have to be prepared when that happens and most have already gotten into a better position to profit from the market direction.

It already happened since from the beginning on where in mention of circulation of funds then its nothing new that this will be on between alts and bitcoin itself.

When it comes to sentiments or analysis that had been shattered then its always been like this due to unpredictability of the market.For people that had been
here on this market for a while now then these kind of movement wont really give out any question into their minds. Prices between the two can either not or
do collaborate in a particular manner.

CryptopreneurBrainboss

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The market revolves in circle and the sooner we realized that the easier it'll be to outsmart the market in profiting from it. Few days back, most cryptocurrency enthusiast would had easily said we're in the altcoin season that bitcoin won't moon for sometime but I guess the recent movements of the market has shattered that thought.

Understanding that money moved form one coin to another is a key fact as few weeks ago, most altcoins were mooning and after profit were taken the next available coin which was bitcoin and ethereum that didn't partake in the mooning trends automatically has to be the beneficiary's of the profits gotten from trading the altcoins.

The same thing will repeat itself in the coming weeks or months, you just have to be prepared when that happens and most have already gotten into a better position to profit from the market direction.

RealMalatesta

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Pump and dump is not really all that different from what investors wanted and was looking for, not only because it has pump in it but because it is inevitable most of the time.

Pump and dump usually means that someone pumped it to make a profit, then they will dump it when they are done, so a knowing and willing increase of price without care of its demise after it is dumped, but bitcoin can't be like that, there is too much money and too much people involved.

However it could mimic pump and dump, which it has for a long time, when bitcoin price goes up because people think it should and they buy it, however there are so many people who also own bitcoin as well which think the price went up enough and they would like to dump their coins for a profit which is not a wrong thinking. Totally different people, totally different reasons, but when you look at it, it "looks" like pump and dump.

imstillthebest

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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?

btc done crossing 10k level and it stayed there for quite some time . thats one of a sign that a coin can continue to rise if not rise it will only go down cause by traders that already waiting for the moment btc reaches 10k level . its not possible for an alt to increase more than btc and no one on the history of crypto have done that to btc . or you mean to say increase by the means of percentage ? , you should be clear next time . we shouldnt think negative , this is a legit pump that is happening and lets do the right thing .

Reid

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Don't be fooled that it will just always be whales who can move the price upwards.
There has been a bloody effect on stocks and commodities which could also be one reason into the sudden switch if investors.
It may be alarming for them and suddenly there is the panic that might be happening.
Consider that as also one of the causes of why bitcoin and altcoins are slowly moving up.

Ridwan Fauzi

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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?

Move this thread if your main purpose is to speculate altcoin price movement.

Actually, the altcoin price movement is depend on bitcoin price movement. As for if there is an altcoin price that increasing a lot it is because the market of bitcoin is good also. Maybe, the altcoins which already increased a lot have a good fundamental factor.

Like ADA as an example, this coin has good fundamental factor because the team behind ADA will upgrade the ADA's system and many people believe that the upgrade will give a good effect for ADA's price and that has been happened. And I don't think that the increase price for altcoin due to whales, because as we can see now the price still high.

Harlot

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I doubt that this is the case if we look at in any dominance chart Bitcoin impressively has sustained it's market dominance at above 60% of the total market cap showing that BTC is still holding the biggest share in the crypto market. It would be harder for other cryptocurrencies to pump if the biggest share is on the top cryptocurrencies, so maybe the ones who you are seeing going up are just price pumps without volume which happens all the time to less popular cryptocurrencies, in other words this isn't really an "alt season" if that's what you are asking.

InvoKing

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Quote from: LogitechMouse on July 29, 2020, 07:06:46 AM

There are 2 scenarios that I'm seeing with the recent pump of the market.

1. Just a normal pump and dump scenario that has been happening for a long time already.
2. This is what the holders are waiting for. An upward movement and a possible wave 5 scenario Cheesy

.

Either way, I'm just happy that the movement of the market after weeks of being sideways is on the upside but still I remain vigilant and waiting for a dump to happen.

With a final dump result for sure. The question is how far this bubble will attend

Topic: What's happening with Bitcoin & altcoins? - page 3. (Read 801 times)