what's your view of BTC stable while altcoin pumpin?

bgaf

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Quote from: bitewang on May 24, 2019, 04:08:46 AM

In the past few days, btc has been hovering around 7800 usd, and all the altcoins have begun to rise. What is the reason for this?

Market are simply moving forward mate. Why? Too many great news are pouring in into cryptocurrency and investors have began to shed some interest once again. Its a sole proof of bandwagon around the world. Before, people flagging crypto as scam resulting to mass dumping and market crashes but now some news are getting seen and theyve returning and taking back what they said. Or they just being hype again. Thats crypto, if there is a shill the price pump ans if there is a bad news the price dump. Very predictable!

senin

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Quote from: bgaf on May 27, 2019, 10:24:06 PM

Quote from: bitewang on May 24, 2019, 04:08:46 AM

In the past few days, btc has been hovering around 7800 usd, and all the altcoins have begun to rise. What is the reason for this?

Market are simply moving forward mate. Why? Too many great news are pouring in into cryptocurrency and investors have began to shed some interest once again. Its a sole proof of bandwagon around the world. Before, people flagging crypto as scam resulting to mass dumping and market crashes but now some news are getting seen and theyve returning and taking back what they said. Or they just being hype again. Thats crypto, if there is a shill the price pump ans if there is a bad news the price dump. Very predictable!

Cryptocurrency continues to evolve and therefore its price continues to grow. In addition, the cryptocurrency market develops cyclically, after a long period of stagnation, there is always a period of growth. Therefore, now we are seeing a moderate growth in the cryptocurrency market. After such a longest period of a bear market, a sharp rise in prices, we are unlikely to see, the current growth is just the best.

starblocks

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Often during a bullish market whilst Bitcoin consolidates traders and investors turn their attention to alternatives, especially if they have dipped due to recent profit taking which can provide great buying opportunities for any top ranked assets that have under performed over the last few weeks especially if they have demonstrated good performance in previous market uptrends

bakulgarem

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Saya tidak tahu apa yang mempengaruhi pasar pada pertengahan tahun ini, semua koin hampir meningkat, yang cukup baik dan bagi saya sendiri dalam penguatan kemarin saya cukup puas karena saya mulai berinvestasi awal tahun ini dan terbayar di tengah tahun ini.

traderethereum

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I am not thinking about what is the reason for bitcoin and altcoin increases in these few days because I think I cannot find the right reason.
So I let it like that and I better to search my own profit from the increases so I can trade and search the profitable coins to make a profit.
If you want to search the right reason, I don't think you will get the right because I am sure that there is more than one reason that could explain why the bitcoin and altcoin price increases and it needs more time to figure out the reason.

sandra_x

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There is some much money entering into the space and people are gaining confidence that the upward trend is going to continue and so are also taking options with altcoins ( which are likely to grow faster in price). Bitcoin dominance dropped a bit to about 57 from almost 61 percent just a while ago

triangles

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for reasons that I don't know, but in my opinion, there is a possibility that the price increase will be caused by crypto experts who made news about crypto and maybe that makes many people interested in buying crypto, so the more people buy, the price movements will also go on and maybe this will happen the saturation effect of the bear market last year of course who wants cryptocurrency to be in the bear market continues? , the rest, maybe because there are no dramas performed by sec or hackers like cryptopia hackers who take advantage of an insane amount.

ven7net

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I believe that the crypto market has already passed the phase of a major fall and now it’s time to return confidence and interest in riptocurrency. You understand that only stable growth can return and increase the attention of the community, which means in the end we will be able to get the expected flight to the moon by all. Right now we can observe the growth of BTC and other altcoins, as well as in parallel, the emergence of positive information that will further stir up interest from the community.

Mikell556

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Quote from: bitewang on May 24, 2019, 04:08:46 AM

In the past few days, btc has been hovering around 7800 usd, and all the altcoins have begun to rise. What is the reason for this?

In general, the current growth of the crypto market behaves strangely. Usually, with the growth of Bitcoin, the prices of most Altcoins fall down, this has already happened many times. However, now when Bitcoin rises in price, many altcoins immediately grow with it. There was no such situation before, and it causes great interest. Until the end of May, Bitcoin must overcome the price level of $ 9,000.

LUCKMCFLY

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I asked this same question every day, and I started to investigate and discovered the main reason why the price is increasing, and it is due to the fact that large volumes of purchases have occurred, which has apparently made it a new type of investors who were not before, because when I reviewed the order book I realized that the prices increase and the purchases are very large, making the price does not recede but on the contrary it remains lateralized and has a slight bullish tendency despite that we are in the accumulation phase.

deodivine1

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And now BTC is around 8800$ and has been around that point, many altcoins are red right now, although few doing well. For now I hold more BTC, looks bullish. Few altcoins like ETH, TRX, BTT, MCO and others are experiencing an uptrend. With regards your question, I have no idea why.

CryptoToxicAvenger

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Basically, altcoins almost always follow bitcoin. Although the crypto market is unpredictable, it still has a certain cyclicity. And we can see that from time to time the growth of bitcoin provokes the growth of other altcoins.

airdagon

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I don't see the start of the increase in the price of bitcoin, even now I see the altcoin price is down while the price of bitcoin is rising

KrakenZ

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The price increase of the crypto currency is greatly influenced by our active role. The more we actively contribute to the crypto currency market, the price of the crypto currency gets better. I am sure that all crypto currency players are aware of the importance of the active role they need to play in order for the market to improve soon. All crypto currency partners contribute and play actively in the market so that the market is increasingly crowded and public trust is increasing. This is what causes the crypto currency price movements to be more active and prices to rise.

Iykecollins

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I have observed this trend as it applies to bitcoin and altcoin characteristics, It happens that when btc pumps alts rallies a little, remain steady or dump but after btc pump alts follow. Have used this behavior to make certain trade decisions and it works most time.

Teknisi88

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The reason is because industry players or businesses have been entered into crypto by making lots of purchases in some good altcoins including bitcoin, they may have started to believe in the future of crypto so they are brave enough to risk trading.

legenduim

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Quote from: bitewang on May 24, 2019, 04:08:46 AM

In the past few days, btc has been hovering around 7800 usd, and all the altcoins have begun to rise. What is the reason for this?

Do not judge this situation taking into account several days. Check the graphs of the cryptocurrencies you work, for the last 3-4 months at least. You will see that Bitcoin was the leader all the time. However, certain cheap alts really jumped high.

Nalbo

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Bitcoin has been the synonym for a long time now and keeps more than 50% of total valuation of Cryptocurrency. 57% at the moment to be exact. The total valuation of Bitcoin is larger than the value of sum of every other crypto available.

ahmed04

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Where did you see stability here? For a very long time people have seen a mad decline in prices and the ambiguity of various projects. Today it is impossible to speak about any stability.

asder250

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Bitcoin performed well in last few days, it is a time for price stabilization and in this mean time altcoins could grow.

Topic: what's your view of BTC stable while altcoin pumpin? (Read 624 times)