Topic: Why doesn't bitcoin go up higher percentages like altcoins? - page 2. (Read 714 times)
Although cryptocurrency is not like other altcoins that will increase by 50%-100% a day, Bitcoin has gone from 7000 US dollars to 60 million US dollars in the past few years, which is probably the increase that other altcoins cannot achieve. btc can be held for a long time, But other altcoins can only obtain short-term profits and cannot hold it for a long time.
The price of Bitcoin is higher, and the higher the price, it is difficult for the price to increase significantly.
Because the market value of Bitcoin is much higher than that of altcoins, this is a very simple problem, and a mathematical method can solve it.
Cryptocurrency has better security. Compared with traditional banknotes, cryptocurrency does not need to be carried around, so it will not be stolen; In the transnational business, there is no need for cumbersome procedures to exchange the currency of other countries.
The answer is simple, that is because mostly altcoin doesn't worth as much as bitcoin, so increasing the price even 100% is quite easy if the value of that coin is still low or small. It will be harder for $10,000 coin to increase 100% than $10 coin right? That's why, even if bitcoin only increases for like 10%, but since the value of bitcoin is already high than the increase will be higher compared to other altcoin, even though that altcoin might increase 100%.
Other than that, it's cheaper to buy altcoin rather than bitcoin, so the price of altcoin will be more likely to increase higher, since many people will use it for trading too, not for long term investment.
Other than that, it's cheaper to buy altcoin rather than bitcoin, so the price of altcoin will be more likely to increase higher, since many people will use it for trading too, not for long term investment.
With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever? Look at binance coin and many of those other coins that are literally doubling in a week. Now the btc dominance is going so low. And even when btc goes up... you don't ever see it going up that much percent in a week. I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.
Well duh!
It is easier for something small to double in size then it is for something big. Btc is a crap investment these days as to double your money you would need to go from (at peak) $60K to $120K which is a hell of a jump. That would mean a lot of investment and would probably take years. Eth going form $1K to $2K or Doge going form $0.1 to $0.2 is much more managable.
You probably don't need a trillion dollars as the price we see does not reflect the money that actually was used to buy up those Bitcoins, but you certainly need a considerable amount to move the price or market cap by 50% or even a 100%.
Simple explanation to a noob question. In fact the people who put so much trust in altcoins should understand the moving the market for altcoins is way easier even for a mid-cap bagholder who is looking to dump their shitcoins on a bamboozled newbie because the newbie heard some news about that shitcoin. The point is in trading you need to do this research on your own and learn how the prices can be manipulated.Invest in bitcoin because now the price has dropped. Dump shitcoins when they get high and dont look back at them. Altcoins are too easy to pump inorganically. Lets hope the OP has understood the point and will not make any such topics in future.
To see bitcoin going up 100% in 24h someone needs to invest $1T on it... And that's really hard, the amount of money is just too big but is possible if a big company like Apple decides to spend 50% of their market cap on bitcoin.
I think only a government is capable to do a move like this. But it will not happen. What is possible is to see bitcoin going down 50% in 24h, and I feel like that will happen before the end of this year. Remember that bitcoin is a high-risk investment, so, big bumps and dumps are totally possible.
I think only a government is capable to do a move like this. But it will not happen. What is possible is to see bitcoin going down 50% in 24h, and I feel like that will happen before the end of this year. Remember that bitcoin is a high-risk investment, so, big bumps and dumps are totally possible.
You probably don't need a trillion dollars as the price we see does not reflect the money that actually was used to buy up those Bitcoins, but you certainly need a considerable amount to move the price or market cap by 50% or even a 100%.
To see bitcoin going up 100% in 24h someone needs to invest $1T on it... And that's really hard, the amount of money is just too big but is possible if a big company like Apple decides to spend 50% of their market cap on bitcoin.
I think only a government is capable to do a move like this. But it will not happen. What is possible is to see bitcoin going down 50% in 24h, and I feel like that will happen before the end of this year. Remember that bitcoin is a high-risk investment, so, big bumps and dumps are totally possible.
I think only a government is capable to do a move like this. But it will not happen. What is possible is to see bitcoin going down 50% in 24h, and I feel like that will happen before the end of this year. Remember that bitcoin is a high-risk investment, so, big bumps and dumps are totally possible.
Bitcoin and Altcoin markets are two different things so do not always put up comparison between those two. Also, the possible reason why Altcoins do pump exponentially on greater percentages compared to Bitcoin is that they are starting from the bottom price getting into an increase improving their prices and seems to be more possible to get pumped up compared to Bitcoin that have already attained greater heights compared to what it is few years ago or even even since it was created. Be just thankful that Bitcoin is still into rising but even it dumps, then it is a great opportunity to grab on.
To make Bitcoin increase by a few percent requires an extremely large amount of a few hundred million dollars or a few billion dollars. But for altcoin, just a few million dollars or tens of millions of dollars have made an altcoin increase by tens of percent.
To evaluate the price increase factor need to look at the capitalization of cryptocurrencies and daily trading volume.
Cryptocurrencies rise in price through news or the completion of a price chart pattern. So it is very difficult to determine growth in each cryptocurrency.
The last time I saw Bitcoin grow strongly was about 10% in a day when Tesla announced it was buying Bitcoin in February of this year.
To evaluate the price increase factor need to look at the capitalization of cryptocurrencies and daily trading volume.
Cryptocurrencies rise in price through news or the completion of a price chart pattern. So it is very difficult to determine growth in each cryptocurrency.
The last time I saw Bitcoin grow strongly was about 10% in a day when Tesla announced it was buying Bitcoin in February of this year.
With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever? Look at binance coin and many of those other coins that are literally doubling in a week. Now the btc dominance is going so low. And even when btc goes up... you don't ever see it going up that much percent in a week. I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.
Altcoins you're talking about probably have low market capitalization. So it's way easier for them to be pumped and dumped, and thus they're more volatile. If Bitcoin goes up 50%, it means that there will be an additional $500 billion added to its market capitalization. This is just a crazy amount of money, so no wonder Bitcoin is way more stable. But Bitcoin did go up by 600% in one year, so I think it's still a very impressive performance. Altcoins can be better for fast profits, but it's also very easy to lose a lot with them. Bitcoin provides profits over a longer period of time, but the risks of its price going rapidly down are also lower than with altcoins.Way easier to be pumped, but exactly as you say, also way easier to be dumped! That is the tricky part if buy low cap alt coins you can find yourself in a very unlucky spot if you don't sell in time or before the herd decides to sell. Low cap alt coins are fun to trade, no doubt, but risky as ***.
With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever? Look at binance coin and many of those other coins that are literally doubling in a week. Now the btc dominance is going so low. And even when btc goes up... you don't ever see it going up that much percent in a week. I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.
For altcoins there is often a price increase of up to 100% in a week but for Bitcoin it is not that easy to go up 100% in a week because the price of bitcoin is very expensive and buyers cannot afford to buy bitcoin if that happens. In general, Altcoins have very cheap prices so that buyers can buy them in very large quantities, so it's only natural that Altcoins can go up to 100%.
The problem is that the cash flow into the bitcoin and altcoin markets is at different rates. Bitcoin has a huge market cap and if you want to increase the value of Bitcoin by 50% or 100%, it takes hundreds of billions of dollars to promote.
Take a look at the current value of Bitcoin and the acquisitions of large corporations over the past year. Bitcoin has Tesla, investment funds like Microstrategy, Ruschil, ..., big banks, Paypal ...
Altcoins have a lower market cap, lower transaction volume, so it will be easier to make them increase in price.
Take a look at the current value of Bitcoin and the acquisitions of large corporations over the past year. Bitcoin has Tesla, investment funds like Microstrategy, Ruschil, ..., big banks, Paypal ...
Altcoins have a lower market cap, lower transaction volume, so it will be easier to make them increase in price.
With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever? Look at binance coin and many of those other coins that are literally doubling in a week. Now the btc dominance is going so low. And even when btc goes up... you don't ever see it going up that much percent in a week. I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.
Look at the capitalization of Bitcoin and understand, that the greater the turnover, the harder it is to change the price of an asset. Bitcoin has a huge number of market makers. Of course, the young asset will move much stronger in percentage terms. Do not forget, that Bictoin has already done + 1500% starting from $ 3800. And this is a lot.
Bitcoin and altcoins are really different currency, in terms of the value you can say that they have a big difference, how could you imagine a bitcoin to go up higher percentage up to 100% of its value is $55k, it will need $110k before it will have a 100% and that will not happen for only one day because it requires a huge amount of money unlike on some altcoin that has not too much value it can double or get high up 100%.
With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever? Look at binance coin and many of those other coins that are literally doubling in a week. Now the btc dominance is going so low. And even when btc goes up... you don't ever see it going up that much percent in a week. I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.
Think about the price of bitcoin compared to the price of altcoin. A percentage change is the relative measure not the absolute measure. A 5% change in bitcoin price means a huge amount compared to the 5% change in a shitcoin that costs 1$/shitcoin.Just ask yourself the question - Would it cost your a higher amount to move the bitcoin market price by 1% or a shitcoin market price by 1%? How can you reach this answer? By first knowing what the market price of the shitcoin or Bitcoin is.
This is why Bitcoin price does not change in percentage value much over a day but altcoins may undergo pump and dump and show up with 400% changes over a few hours.
With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever? Look at binance coin and many of those other coins that are literally doubling in a week. Now the btc dominance is going so low. And even when btc goes up... you don't ever see it going up that much percent in a week. I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.
Well, simply because Altcoins has a lower market cap than Bitcoin making it more volatile hence, it is easier to be manipulated. Bitcoin could also give that rate of profit however, it will not be possible within a week not unlike some altcoins because it will take years for Bitcoin to have numbers. However, altcoins can be a double-edged sword in a way of it could give a huge profit multiplier within a single amount of time but they can dump at a huge rate as well. If you are into quick profits then I'd say Bitcoin was not the right option for you. 
I guess that's because bitcoin price is too high already, while other altcoins price are not as high as bitcoin yet. I mean, it'll be easier for $10 coin to reach 100% rather than $10.000 coin to increase 100% right? If bitcoin go even 50%, the price already skyrocketed too much, it's kinda scary since it might be too bubbly and burst. However, other altcoin doesn't have pri e as high as bitcoin so if their price increase, it won't be too big and bubbly too. Bitcoin can reach 100% in longer time, but will surely reach it, although in one day is a bit impossible to happen.
With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever? Look at binance coin and many of those other coins that are literally doubling in a week. Now the btc dominance is going so low. And even when btc goes up... you don't ever see it going up that much percent in a week. I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.
The amount of fiat infusion necessary for those kind of gains get harder as the price per coin rises.
Which is why, it will be easier for Doge to reach $10 than it is for BTC to reach $1 million.
IMO, both will get there, but Doge will get there faster.
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