Topic: Why doesn't bitcoin go up higher percentages like altcoins? - page 4. (Read 714 times)
If you're looking for a way to make money in a week, Bitcoin isn't really a good fit for it, because of a large market cap, but it's good for long-term investments. If you're looking for short-term trading though, it's best to use cheap alts with a much smaller market cap, like DOGE. You've probably seen how much they can change in price over a short period of time. But keep in mind that these tradings, while profitable if you buy and sell at the right time, are riskier, because if something can increase by 50% over 24h it might as well drop. Which is why, the fact that BTC isn't changing that much in price is actually a good sign.
Bitcoin may not go up higher more than 50% in a day, not like altcoins do.
I imagine if BTC can really go up 50% in one day, the initial price at this moment is for example $60k and then 10 hours later, it goes up to $90.
Can it be?
Bitcoin may not go up so drastically in a day percentage. But you know, how percentage the Bitcoin has grown so far? And how this coin can really sustain the value and also increase the trust without any hype again?
I imagine if BTC can really go up 50% in one day, the initial price at this moment is for example $60k and then 10 hours later, it goes up to $90.
Can it be?
Bitcoin may not go up so drastically in a day percentage. But you know, how percentage the Bitcoin has grown so far? And how this coin can really sustain the value and also increase the trust without any hype again?
Bitcoin dominance is going bigger but bitcoin can not increase in just one night. Everything needs time and so do bitcoin. You only need to wait and see and patience for that. What happens to bitcoin now gives a chance for the altcoin to increase and hit the new ATH. We can see some of the altcoin trying to reach the highest price after hibernation from a long time ago.
If you see bitcoin dominance or say the price jump to the highest price in one night, people will shock and the altcoin will not have a chance to increase and doom for the altcoin. Just wait and see
- Indeed, when bitcoin grows too fast as an altcoin for just a short time, the altcoin market will suffer a very strong blood draw to strengthen bitcoin as the value of bitcoin is probably the highest in the market, every percent of its price increase would require a huge amount of capitalization, a few percent will not be a problem but a few tens of percent will push the altcoin down drastically and it is difficult to recover due to the confidence that has been poured into bitcoin. The current bullish regime and system is to create balance and limit altcoin sacrifices, such development will be stable. If you see bitcoin dominance or say the price jump to the highest price in one night, people will shock and the altcoin will not have a chance to increase and doom for the altcoin. Just wait and see
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.
I believe that it is because of the Market Cap. The higher the MC, the harder for it to pump but its still possible for Bitcoin to be bullish but we need to expect it to rise slowly. The rate of people selling it is more than the people trying to buy it. Bitcoin does not grow its value weekly even though its possible. Bitcoin is for a more long term HODLing situation that a kid with knowledge with Cryptocurrencies should do because he/she has that life ahead. Alternate Coins are being created on the daily and all of this have the possibility to grow 50% within a day or within a week.
Bitcoin dominance is going bigger but bitcoin can not increase in just one night. Everything needs time and so do bitcoin. You only need to wait and see and patience for that. What happens to bitcoin now gives a chance for the altcoin to increase and hit the new ATH. We can see some of the altcoin trying to reach the highest price after hibernation from a long time ago.
If you see bitcoin dominance or say the price jump to the highest price in one night, people will shock and the altcoin will not have a chance to increase and doom for the altcoin. Just wait and see
If you see bitcoin dominance or say the price jump to the highest price in one night, people will shock and the altcoin will not have a chance to increase and doom for the altcoin. Just wait and see
I think it is about the marketcap. Bitcoin has a huge dominance in the market now. Bitcoin marketcap has exceeded 1 trillion dollars. Hence, it is harder to see a huge amount of increase in the price.
simple math
a coin worth $100 only needs 100 increments of $1 to get to $200
a coin worth $60k needs 60,000 increments of $1 to get to $120k
with a exchange orderbook having these increments. it takes lot of buying pressure to move a higher priced asset(actual increments are sub pennies so its a multiple of the 100-60000 respectively)
also some of the crap coins are pure speculation. they have nothing backing it so they can be more volatile
they are only used for pump and dumps. so have more frequent spikes and dips
i found the same issue when 'penny share' trading. its easier to move a investment that has a share price under $1 than it is to move a investment of $20
also bitcoin has more stable value underlying it. so the dumps dont happen as much. but with that the spikes dont happen as much either.
if a price dumped down buy 50% the correction then is seen as a 50% rise. and then speculative hype can push they by 50% making a 100%
but if a dip only occurs at 10% then the correction and hype(FOMO) would only be seen as 20%
..
the difference between a crap coin and bitcoin. the pump and dump volatility of a altcoin does not have a long term progressive growth.. but bitcoin does progressively grow. price now is much higher then price 2 years ago, which is greater than 2 years before that
dont think of altcoins as a long term asset. just think of them and use and abuse them as quick pump and dumps and return that back to bitcoin for the long term progressive growth
a coin worth $100 only needs 100 increments of $1 to get to $200
a coin worth $60k needs 60,000 increments of $1 to get to $120k
with a exchange orderbook having these increments. it takes lot of buying pressure to move a higher priced asset(actual increments are sub pennies so its a multiple of the 100-60000 respectively)
also some of the crap coins are pure speculation. they have nothing backing it so they can be more volatile
they are only used for pump and dumps. so have more frequent spikes and dips
i found the same issue when 'penny share' trading. its easier to move a investment that has a share price under $1 than it is to move a investment of $20
also bitcoin has more stable value underlying it. so the dumps dont happen as much. but with that the spikes dont happen as much either.
if a price dumped down buy 50% the correction then is seen as a 50% rise. and then speculative hype can push they by 50% making a 100%
but if a dip only occurs at 10% then the correction and hype(FOMO) would only be seen as 20%
..
the difference between a crap coin and bitcoin. the pump and dump volatility of a altcoin does not have a long term progressive growth.. but bitcoin does progressively grow. price now is much higher then price 2 years ago, which is greater than 2 years before that
dont think of altcoins as a long term asset. just think of them and use and abuse them as quick pump and dumps and return that back to bitcoin for the long term progressive growth
Yes and also penny share trading or shitcoin trading comes at another cost: liquidity cost. You can't get in and out as smoothly as you can with Bitcoin. That is worth a lot. We all had a coin I guess which we simply couldn't get rid off because the damn order book was thin or even empty.
In low liquidity and low volume coins you should sell anytime the price is slowly moving upwards. Otherwise you will be left holding the bag potentially forever.
I have a lot of wallets with some old worthless coins, damn it...
no way .
its the btc that go up for more % than altcoins but it look small on your eyes because btc price is high than altcoins and no way altcoins can increase if btc didnt increase more % .
btc dominates all cryptos because of its greater value and domination dont have a speed ,
its not going slow or fast but domination can end once value of btc is lower than altcoins .
its the btc that go up for more % than altcoins but it look small on your eyes because btc price is high than altcoins and no way altcoins can increase if btc didnt increase more % .
btc dominates all cryptos because of its greater value and domination dont have a speed ,
its not going slow or fast but domination can end once value of btc is lower than altcoins .
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.
It's because bitcoin is not being "pump", like the rest of the altcoins. And with it's massive growth already in the last 10 years or so, exponential price increase will have to slowdown. That's why as we go into 6 digits in the future, it might take some time. So don't compare bitcoins growth to altcoins pump and dump scheme. 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.
I know how it feels. You are going to run out of patience if you keep waiting for months and its growth just increment just 3% unlike other altcoins that grew up to 300%. I think this relates to the price as well. People just don't buy a huge amount of BTC if you take a look at the orders on the exchanges and this is because its price is already high. Comparing it to altcoins which its prices somehow are less than $0.10.
Bitcoin have huge market cap this why. You shouldn't put more than 15% from your protofilio in bitcoins is the lowest retun on investment.
1. Altcoins have much lower market volumes and market depth than Bitcoin, you need much less money to move their markets.
2. Altcoins are overhyped, lot's of investors are ready to throw their money at them hoping for very quick gains, which creates bubbles.
3. Bitcoin used to be much more volatile in the early days, but it's not a sign that alts like DOGE are going to mature into Bitcoin's real competitors or even replacements. Their growth is just a bubble with no fundamentals behind them, while Bitcoin has solid reasons to grow - it's a secure payment system with 12 years of history and used by millions. No altcoin can claim the same.
2. Altcoins are overhyped, lot's of investors are ready to throw their money at them hoping for very quick gains, which creates bubbles.
3. Bitcoin used to be much more volatile in the early days, but it's not a sign that alts like DOGE are going to mature into Bitcoin's real competitors or even replacements. Their growth is just a bubble with no fundamentals behind them, while Bitcoin has solid reasons to grow - it's a secure payment system with 12 years of history and used by millions. No altcoin can claim the same.
Say you had a shovel of dirt and you put it in the middle of a street. Anyone who comes up can easily take the same dirt and move it away. Now say you create a large pile of dirt. Hundreds of shovels of dirt, one over another. How easy is it to move the dirt now?
The more dirt there is, the harder it becomes to move it. Same goes with Bitcoin vs alts. Alts are the one shovel of dirt, Bitcoin is the hundreds. It doesn't take much to move the value of an asset worth a total of $100k as market cap. But with BTC, we're talking about trillions right now.
Money doesn't grow in trees. I get it that the US gov created so much money last year out of thin air, but that comes with a cost just like everything else. Bitcoin's price increase costs time. Alts volatility costs the risk of getting screwed all over by them.
The more dirt there is, the harder it becomes to move it. Same goes with Bitcoin vs alts. Alts are the one shovel of dirt, Bitcoin is the hundreds. It doesn't take much to move the value of an asset worth a total of $100k as market cap. But with BTC, we're talking about trillions right now.
Money doesn't grow in trees. I get it that the US gov created so much money last year out of thin air, but that comes with a cost just like everything else. Bitcoin's price increase costs time. Alts volatility costs the risk of getting screwed all over by them.
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The price is already too high while the market capitalization also high aswell, 10% of 10$ is 1$ and 10% of $60000 is $6000 that alone already make it hard for bitcoin to gain price increase percentage more than 10% and there's also the market cap where the bigger it is, the harder for that coin to pump. You can easily pump some altcoin with just $100000 and it could triple the initial price but with bitcoin $100,000 is nothing. But you should also know that the more easy it is for a coin to increase its price to thousands percent of its initial price, the easier as well for that coin to get dumped into the bottom.
We can say that such a thing is impossible. Bitcoin has a billion dollar volume of money. even one percent increase is worth millions of dollars. Therefore, it is difficult to increase or decrease.
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.
Maybe simple way to say is, how much money to pump Bitcoin, and how much money to pump altcoin. Like if 1-1 with $50k+ can be used to pump altcoin how many percent, and bitcoin is only a few percent. I think simple way to describe is like that, we need a lot of money to pump bitcoin but i think it is better to pump it slowly like now. 
If you look at the short-term price ranges, you will definitely be disappointed with what BTC is currently doing. Especially if you are looking at it in percent. But if you add all the necessary changes from the genesis up to now, you will be blown away. No other coin is doing that yet.
So if you are looking to profit from speculation, it's best to check other coins. But if you are a hodler and you believe in BTC, then just HODL.
So if you are looking to profit from speculation, it's best to check other coins. But if you are a hodler and you believe in BTC, then just HODL.
All these currencies have low market capacities and cannot maintain these strong rises.
The small market capacity and the difficulty of producing more of them makes the price easily increase with the increase in demand, which is often pumped and dumped to achieve some gains.
It is a dangerous strategy and you can profit from it if you buy at a low price and sell when the rise occurs, but the opposite will be dangerous if you are lured by the highs.
The small market capacity and the difficulty of producing more of them makes the price easily increase with the increase in demand, which is often pumped and dumped to achieve some gains.
It is a dangerous strategy and you can profit from it if you buy at a low price and sell when the rise occurs, but the opposite will be dangerous if you are lured by the highs.
So what you are expecting? Double Bitcoin price every week? So where the price of Bitcoin will end? You are comparing Bitcoin with altcoin price, but have you notice even an altcoin dump 4x in a day? So same behavior are you expecting from Bitcoin as well? Altcoins pump and dump within a short time. Even you could lose your portfolio from alt dump. Just imagine, if Bitcoin behaves like an alt then it wouldn't take time to turn your portfolio almost ZERO. An altcoin is to just play in crypto markets, and whales are playing with it. It's quite easy to make a pump into altcoin since the price is lower, but it's quite complicated to manipulate Bitcoin price lately since the price has raised a lot. But if you feel that you should move into an altcoin, then feel free to do, but just be ready to see a dump portfolio.
simple math
a coin worth $100 only needs 100 increments of $1 to get to $200
a coin worth $60k needs 60,000 increments of $1 to get to $120k
with a exchange orderbook having these increments. it takes lot of buying pressure to move a higher priced asset(actual increments are sub pennies so its a multiple of the 100-60000 respectively)
also some of the crap coins are pure speculation. they have nothing backing it so they can be more volatile
they are only used for pump and dumps. so have more frequent spikes and dips
i found the same issue when 'penny share' trading. its easier to move a investment that has a share price under $1 than it is to move a investment of $20
also bitcoin has more stable value underlying it. so the dumps dont happen as much. but with that the spikes dont happen as much either.
if a price dumped down buy 50% the correction then is seen as a 50% rise. and then speculative hype can push they by 50% making a 100%
but if a dip only occurs at 10% then the correction and hype(FOMO) would only be seen as 20%
..
the difference between a crap coin and bitcoin. the pump and dump volatility of a altcoin does not have a long term progressive growth.. but bitcoin does progressively grow. price now is much higher then price 2 years ago, which is greater than 2 years before that
dont think of altcoins as a long term asset. just think of them and use and abuse them as quick pump and dumps and return that back to bitcoin for the long term progressive growth
a coin worth $100 only needs 100 increments of $1 to get to $200
a coin worth $60k needs 60,000 increments of $1 to get to $120k
with a exchange orderbook having these increments. it takes lot of buying pressure to move a higher priced asset(actual increments are sub pennies so its a multiple of the 100-60000 respectively)
also some of the crap coins are pure speculation. they have nothing backing it so they can be more volatile
they are only used for pump and dumps. so have more frequent spikes and dips
i found the same issue when 'penny share' trading. its easier to move a investment that has a share price under $1 than it is to move a investment of $20
also bitcoin has more stable value underlying it. so the dumps dont happen as much. but with that the spikes dont happen as much either.
if a price dumped down buy 50% the correction then is seen as a 50% rise. and then speculative hype can push they by 50% making a 100%
but if a dip only occurs at 10% then the correction and hype(FOMO) would only be seen as 20%
..
the difference between a crap coin and bitcoin. the pump and dump volatility of a altcoin does not have a long term progressive growth.. but bitcoin does progressively grow. price now is much higher then price 2 years ago, which is greater than 2 years before that
dont think of altcoins as a long term asset. just think of them and use and abuse them as quick pump and dumps and return that back to bitcoin for the long term progressive growth
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