Topic: what's your view of BTC stable while altcoin pumpin? - page 2. (Read 621 times)
Bitcoin and some other established cryptocurrencies were doing the rally all this while. It's probably the turn of altcoins to make moves too. Or maybe some whales are just pumping the altcoins
When bitcoin price looks stable, altcoin price rising but bitcoin marketcap dominance will decrease. Right now, bitcoin dominance still above 50% and i think in near future could decrease below 50% when altseason coming
Technically, a Bull Run would start when Bitcoin rallies and because of their direct correlation, altcoin prices tend to follow suit. On the flip side, if BTC rallies at the expense of altcoins, then decoupling is yet to take place, and winter is not yet over.
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?
So far Bitcoin was 8037$ according to the market https://coinmarketcap.com/currencies/bitcoin/, were most of the altcoins are dumped its price in the market. We all knew that when Bitcoin goes up in the market majority of the altcoins are dumped there price too, then when it go down vice versa altcoins goes up just simple as that though few of the altcoins are also kicking its value while Bitcoin price was also bouncing its price too.
There's always an inverse relationship between the value of Bitcoin and other altcoin. In most cases, when the value of Bitcoin is rising, that of altcoin tend to drop. The simple reason is because most traders dump their as altcoin to hold bitcoin Inorder to benefit from the increasing value.
Well this is normal for cryptocurrencies I think that if bitcoin rise and stable then the altcoins will follow to rise.
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?
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The simple reason I think is the tendency to gradually return when sharks collect BTC and altcoin top at cheap prices earlier this year. When people are scared, they collect and buy when they feel they will pump them up to take profits
It is crypto 101.
When btc dumps or pumps, alts dumps. And when btc become stable alts start pumping.
Still, even with that explanation, i don't think alts are pumping right now. Maybe because people expecting btc pump (some expect 10k) or dump (some expect return to 5k) and they are not buying alts.
When btc dumps or pumps, alts dumps. And when btc become stable alts start pumping.
Still, even with that explanation, i don't think alts are pumping right now. Maybe because people expecting btc pump (some expect 10k) or dump (some expect return to 5k) and they are not buying alts.
BTC is very unstable. No cryptocurrency is stable at all. The market has not stabilized yet and it is very dynamic. But while the price of bitcoin is increasing this trend will be supported by all other altcoins. This situation will not last forever. And someday it will end. And bitcoin will be thrown out of the market because of its primitive functionality.
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?
It is a normal thing that have been happening in the crypto space from the time I joined the market, anytime the price of bitcoin begins to moon, the price of altcoins also moon along with bitcoin, also anytime the price of bitcoin is static, the price of altcoins still continues to moon, the only time that we might not see altcoin mooning is when we begin to see a dump in the price of bitcoin because it just seems as if the market is following bitcoin trend and will always move the way bitcoin move except when the price is static. 
It always been that ways since the rising number of alts, the trade pressure on alts are weaker than main coins thats why they are going to rise/fall pretty quickly when BTC is going up. Moneys flowing in benefits strong alts alot. The reason of such IMO is pretty simply, this trend is repetitive, thus traders have weaker hands in buying or selling. Stable bitcoin raise confident for people to buy others as they are trying to avoid heavy dumps when somehow bitcoin bears a little. Nature view of profiting when there's no regulations, and market opens 24/7
the reason is because this has ALWAYS been the pattern while people want to remain in denial.
when bitcoin rises, altcoins get dumped.
when bitcoin falls, altcoins get dumped more.
and when like now, bitcoin is stable, altcoins get pumped.
the reason for that is because of the way people truly think about bitcoin and altcoins despite what they publicly might say. what they truly think is that they believe in bitcoin while they have no faith in altcoins. all they want from altcoins is profit on their bitcoin stash which is why they always dump altcoins while bitcoin is making a big move and that is why they move to altcoins to make profit by pumping them while bitcoin is not making any move.
when bitcoin rises, altcoins get dumped.
when bitcoin falls, altcoins get dumped more.
and when like now, bitcoin is stable, altcoins get pumped.
the reason for that is because of the way people truly think about bitcoin and altcoins despite what they publicly might say. what they truly think is that they believe in bitcoin while they have no faith in altcoins. all they want from altcoins is profit on their bitcoin stash which is why they always dump altcoins while bitcoin is making a big move and that is why they move to altcoins to make profit by pumping them while bitcoin is not making any move.
Bitcoin even had time to float to 8000 USD which means crypto growth will happen again like in 2017, I'm sure this will slowly grow so the market will come back crowded by investors who are asleep.
If bitcoin price could stable for a while in one level and the altcoin can increase, then it would be good for us because we can make a profit in bitcoin and we collect more bitcoin to our wallet. And when bitcoin price increases, we will make a lot of money because we have more bitcoin in the wallet. We already saw this happen and although right now, the altcoin is not getting pump too high, soon the altcoin will following bitcoin to increases.
Im sorry but i find the question offensive . You sure that btc is stable and alts are pumping ? Actually btc is not consider a stable coin but btc is a high volatile coin . Not only that but btc is also the one that is pumping right now . Altcoins in a nutshell are the ones that are stable and less volatile . Currently the status of altcoins are still dump but only few alts have followed the path of bitcoins .
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?
Mostly, altcoin price following bitcoin price. If bitcoin price rising, the calculation on sats value will increase and makes altcoin price following bitcoin price. Its because bitcoin is main cryptocurrency and base currency pairs in many exchangers
I think this means more and more people are adopting to cryptocurrency and they are believing in what cryptocurrency can do
I honestly 'shave a thinking that all of this due to fear of missing out or either due to people are starting to put somekind of trust into bitcoin. It's like the day will come after the darkest night, after we have gone through such horrible mass price dumpingit's not wrong to expect that people are starting to put their trust to bitcoin after seeing the price pumping not to mention that it's a huge one.
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?
This is normal market behavior.We have seen before that after bitcoin stop the bullrun and get stable, altcoin started to raise. After 2017 bullrun, we also have observed the same behavior.
I think this means more and more people are adopting to cryptocurrency and they are believing in what cryptocurrency can do
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