Will Altcoin's loss become Bitcoin's gain?

AliMan

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Quote from: Wysi on January 30, 2021, 03:51:40 PM

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well. When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin. Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

Certainly that's the gain of bitcoin, and as market continued to boom successfully for bitcoin the altcoins also go down badly most especially with unpopular tokens. Ethereum is the only coin who've been following the progress of bitcoin, demand never been declining that bad due to consistent network activities.

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Quote from: fadhilz123 on February 15, 2021, 02:18:34 PM

I just want to say that everyone has their strategy to take benefits from the market. So not all people will do what you thinking. Bitcoin and Altcoin can grow together, so your question "Will Altcoin's loss become Bitcoin's gain? Of course NO. And if you try to look at altcoin, sometimes you can find the hidden gem

Finding the hidden gem is the hard task with the cryptocurrency market. We've got more than 8400 cryptocurrencies according to coinmarketcap. Among this very few falls under the trusted list, apart from those coins everything will be of random choice. All the altcoins stated by op in the post have now recovered from the bloodbath and growing good.

arufox

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Both, Bitcoin and Altcoin will together with benefits, Altcoin will not loss because bitcoin increasing. I remember also regret why I do not buy altcoins around 2 or 3 months ago. And now many of them already 10x. This is the sign that not only Bitcoin is growing, altcoin also follow Bitcoin step

Dave1

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It made me think now that the correlation is somewhat decoupling because of the recent change in bitcoin's investors, now we have big companies leading the way. So as you can see in the price, if bitcoin is going, it doesn't mean that alts are going to bleed, there is no inverse relationship that we have seen in 2017. Now both market can flourish without pulling/pushing each side. Become stronger without the other one suffering or slightly turning into negatives.

fadhilz123

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I just want to say that everyone has their strategy to take benefits from the market. So not all people will do what you thinking. Bitcoin and Altcoin can grow together, so your question "Will Altcoin's loss become Bitcoin's gain? Of course NO. And if you try to look at altcoin, sometimes you can find the hidden gem

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Quote from: elisabetheva on February 15, 2021, 07:48:07 AM

the influence of @elonmusk's tweet on altcoins that have so far been neglected to reach their peak and at their best is something that seems like a dream, but it is a reality. but unfortunately it could not last long but gradually returned to it even though it was still in the best position.

I agree that this year is the year of altcoins because there are also altcoins that have just grown into the best altcoins even shifting the old altcoins and so far have not experienced a sharp decline and still perch in a very good position from the altcoin ranking.
maybe this shows something changes that will show that the time altcoins will increase this year.

Do you wonder what would happen if he had like a pump and dump type of situation? I mean think of Elon actually sharing one coin everyday for the next year, or even one coin per week would be 52 coins a year, that would be quite awesome. The moment he shares a tweet, everyone will rush towards getting it, and price will pump to x5+ price and it will go down afterwards to a level where it is higher than the initial price but much lower than the increased price.

I think that would be both very beneficial for crypto community to have Elon constantly interested in crypto like that, but it would be also not so great because prices going up means it goes down too and some people will lose money during that period as well. I wonder if he could try like 3-4 times and we see what would be the result, at least we would have an idea if it will be good or bad.

Hughes_Ryan

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I don't think so. When the market is active, bitcoin will be a samba dancer, it will blow the fire to create psychological momentum and excitement for all users, which is when the altcoin season follows. That is, it has mutual consent rather than coercion exclusively for benefits. Great whale maneuvering did not give any advantage when institutional investors jumped into the game.

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most of altcoins have their value linked directly with fiat money and not bitcoin. this is why there is always a big dump for most of coins if bitcoin is pumping. the best option that I have adopted required more of 75% of total portfolio in bitcoin since other crypto are just chosen for a speculative purpose (and are ready to be sold after a good profit...)

elisabetheva

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Quote from: FlightyPouch on February 11, 2021, 06:14:53 PM

We've been seeing the green price of bitcoin even before these altcoins pumped. They started their run as someone tweeted a certain altcoin, now the price plummeted so bad, it is a great profit for those who sold earlier though. We can't say that it is a gain of bitcoin, we can't say that it is the loss of altcoins also since the market always behaves like that.

If you ask me, bitcoin is having a great movement because it is in a bull run. The hyped stopped but some say it is still the altcoin season.

the influence of @elonmusk's tweet on altcoins that have so far been neglected to reach their peak and at their best is something that seems like a dream, but it is a reality. but unfortunately it could not last long but gradually returned to it even though it was still in the best position.

I agree that this year is the year of altcoins because there are also altcoins that have just grown into the best altcoins even shifting the old altcoins and so far have not experienced a sharp decline and still perch in a very good position from the altcoin ranking.
maybe this shows something changes that will show that the time altcoins will increase this year.

FlightyPouch

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We've been seeing the green price of bitcoin even before these altcoins pumped. They started their run as someone tweeted a certain altcoin, now the price plummeted so bad, it is a great profit for those who sold earlier though. We can't say that it is a gain of bitcoin, we can't say that it is the loss of altcoins also since the market always behaves like that.

If you ask me, bitcoin is having a great movement because it is in a bull run. The hyped stopped but some say it is still the altcoin season.

MCobian

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Depending on the altcoins, if I invest in top altcoins, I prefer to stay HODL if the altcoins price suddenly drops. Because top altcoins usually recover
faster if the price is dumped, compared to us investing in low volume altcoins, it must be immediately transferred to Bitcoin or stable coins. So from
the actions we will take must be based on correct analysis and research, so that the decision taken is correct. If I see a market like now which is
all green, I will share my investment in a several coins, but of course the percentage of investing in Bitcoin must be bigger.

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Quote from: barbara44 on February 05, 2021, 01:36:50 PM

Quote from: wxa7115 on February 04, 2021, 11:36:45 PM

The main reason to invest in altcoins is to multiply your bitcoin holdings, after all even if you are holding bitcoin and its price in fiat goes up you still have the same amount of bitcoin, but if you buy altcoins and they begin to outperform bitcoin then not only you get more fiat you also get more bitcoin.

But this is a risky proposition as we know that altcoins can be many times more volatile than bitcoin and they can be easily manipulated by the whales and if you happen to make the wrong prediction not only you will lose fiat but bitcoin as well.

I think that is the main selling point of many trading bots as well, there is a way to make more fiat as well if you want to, there are few bots that trade with usdt-pairs so that you could have a lot more usdt instead of bitcoin, but the fact is that there are btc-pairs and people basically buy trading bots so they could turn their bitcoins into more bitcoins because that is the true richness. If you only want to have more fiat, all you have to do is buy bitcoin and wait, eventually you will have a profit in bitcoin, that is not going to change anytime soon.

However if we are talking about bitcoin reaching to a point where you have 2x more bitcoins, that means not only you made a great deal of profit from having more bitcoins, but you have made profit from fiat increasing as well. Trading bots are focusing on that but I can't testify how great or horrible they are, I never really understood them properly.

There are two types of trading bots, one type of trading bot allows you to create your own strategy whether this is by modifying different parameters or by allowing you to code directly into the bot, the second type comes already with a strategy that is used to trade the markets but the problem with those bots is that you do not know what strategy is being applied and even if it is one that is effective the more bots that are out there using the same strategy the less profits you are going to get.

This means that over the long term for the most part trading bots are not a good proposition either, the only exception to this is if you can code your own bot to trade the markets with a strategy that you know is effective and that you have not shared with anyone over the Internet.

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As long the king (BTC) is on the roar, all others naturally bowed. I don't see sharing of gain or loss than the scenarios that have been playing in the past may change this time around. Most alternative coins might not reach their all-time high forever or die a natural death.

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Quote from: wxa7115 on February 04, 2021, 11:36:45 PM

The main reason to invest in altcoins is to multiply your bitcoin holdings, after all even if you are holding bitcoin and its price in fiat goes up you still have the same amount of bitcoin, but if you buy altcoins and they begin to outperform bitcoin then not only you get more fiat you also get more bitcoin.

But this is a risky proposition as we know that altcoins can be many times more volatile than bitcoin and they can be easily manipulated by the whales and if you happen to make the wrong prediction not only you will lose fiat but bitcoin as well.

And altcoins have one unpleasant property - they never return to their ATH regarding bitcoin. Therefore, the entry and exit points should be chosen really carefully. In my opinion, a good way to multiply your bitcoins is to invest them in a casino. I follow several such topics here on the forum and I can say that it is profitable.

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Quote from: Wysi on January 30, 2021, 03:51:40 PM

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well. When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin. Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

no. the BTC dominance is very large.

BTC Cap $702,365,327,536
Market Cap: $1,162,854,357,317

so about 460,000,000,000 in all the other coins.

the bounce back from alts to BTC never helps a large amount since there is far less in the alts.

For BTC to whale it needs Gold's money

https://cointelegraph.com/news/bitcoin-has-actually-only-taken-2-of-gold-market-cap-new-data-suggests

if 98% of the money is gold
and 2% of the money is BTC

then a 10% shift from gold to BTC is big.

barbara44

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Quote from: wxa7115 on February 04, 2021, 11:36:45 PM

The main reason to invest in altcoins is to multiply your bitcoin holdings, after all even if you are holding bitcoin and its price in fiat goes up you still have the same amount of bitcoin, but if you buy altcoins and they begin to outperform bitcoin then not only you get more fiat you also get more bitcoin.

But this is a risky proposition as we know that altcoins can be many times more volatile than bitcoin and they can be easily manipulated by the whales and if you happen to make the wrong prediction not only you will lose fiat but bitcoin as well.

I think that is the main selling point of many trading bots as well, there is a way to make more fiat as well if you want to, there are few bots that trade with usdt-pairs so that you could have a lot more usdt instead of bitcoin, but the fact is that there are btc-pairs and people basically buy trading bots so they could turn their bitcoins into more bitcoins because that is the true richness. If you only want to have more fiat, all you have to do is buy bitcoin and wait, eventually you will have a profit in bitcoin, that is not going to change anytime soon.

However if we are talking about bitcoin reaching to a point where you have 2x more bitcoins, that means not only you made a great deal of profit from having more bitcoins, but you have made profit from fiat increasing as well. Trading bots are focusing on that but I can't testify how great or horrible they are, I never really understood them properly.

wxa7115

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Not many traders will transfer their funds from altcoin to bitcoin or stable coin, and they still hold their altcoin until the price increases. They think that if they sell their altcoin into bitcoin or stable coin, they will lose, and they will buy more amount, so they will have a chance to make a profit. They will figure out how they can have more bitcoin, especially if they have so many altcoins that can increase anytime.

The main reason to invest in altcoins is to multiply your bitcoin holdings, after all even if you are holding bitcoin and its price in fiat goes up you still have the same amount of bitcoin, but if you buy altcoins and they begin to outperform bitcoin then not only you get more fiat you also get more bitcoin.

But this is a risky proposition as we know that altcoins can be many times more volatile than bitcoin and they can be easily manipulated by the whales and if you happen to make the wrong prediction not only you will lose fiat but bitcoin as well.

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Quote from: Reatim on February 02, 2021, 08:08:15 PM

Quote

When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin.

Nope that is what really intended and not a last resort , Altcoin investors are playing the game here , they tend to buy altcoins and when the pull out happens then they will send back the funds to BTC.

It is not really a bad thing to put your money into bitcoin or stablecoin (if you pick the right stablecoin, usdt is risky right now) and if you want to move to alts to make a profit here and there and go back that is fine, you do not have to keep alts all the time.

I like doge for example, I think it is a fun currency that could be used for fun stuff but the reality is that if we are in a situation where we could profit from it and go back to bitcoin I would prefer that for sure, why would I want to have a lot of dogecoin when I can have bitcoin? I don't think 1000 dollar worth of doge and 1000 dollar worth bitcoin are the same things. So in the end I understand people seeing big coins as the only ones they want to invest because I am like that too.

Ridwan Fauzi

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I guess no, where did you get this data?

I think there will be many people who will move their money into stabil coin when the dump is coming. Also, I haven't seen an altcoin which is increase when bitcoin price fall, I never see it. All of them will increase if bitcoin price increase although just small increase.

Like has happened, point me an altcoin wich was increased when bitcoin price is decreasing? Especially the 20 top altcoin which is solely being pumped. Crypto currency price movement just in bitcoin, yeah that is the key. Bitcoin price fall then almost altcoin will fall as well.

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Quote from: Wysi on January 30, 2021, 03:51:40 PM

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well. When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin. Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

It depends, because when the alts go down, they usually do when Bitcoin goes down in price, and if Bitcoin goes down in price, the alts go down in price too, the best safe haven is Bitcoin, stablecoins are mostly a mix and maybe if you choose to protect the value of money, there are falls in it.

As long as Bitcoin remains in a positive trend, somewhat bullish, it is the best season for the alts.

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