Topic: Will Altcoin's loss become Bitcoin's gain? - page 4. (Read 676 times)
Based on your post's theme, the thread is more fit into the Altcoin discussion board. So you may move it from the lower left. Anyway, come to the topic. I have experience from markets, a few Altcoin follow the Bitcoin trend, and a few Altcoins go against Bitcoin trends. So the question is where you had invested. The time and coins will say you either you should move into Bitcoin or a stable coin. That's call trading. So it depend on you are will you trade your coins and raise your portfolio.
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?
If you would listen to my words, then altcoins fo affect and also many times don’t affect the growth or fall of Bitcoins.
As Bitcoins follow the trade of Supply and Demand, so if the demand will be more then the supply will be less and this leads to the rise of the price of the coin. And in this way no involvement of altcoins at all required.
Similarly when the price of altcoins fall, and people instantly convert them to BTC, then here BTC demand became also too high, and the supply will be less, therefore it will also result in price growth of Bitcoins.
Hope now you are clear about at least some doubts.
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?
In my opinion, it is a good plan. Last week bitcoin activated a good Hold and pump mode, but this was not the case with altcoins, the altcoin trend became weak and unable to resist on its own to the good conditions from bitcoin. Some altcoins have broken off the boundaries from individual backing such as Doge, XRP, TRX, Dot, Link. in fact it doesn't show strength from the user base. a trend is pushing altcoins to continue moving towards bitcoin.
It mostly is in my opinion. Whenever certain altcoins die or crash in price to the ground, it just simply gives more legitimacy to Bitcoin and it gives more emphasis that Bitcoin is what mostly matters. I think a lot of people who "invested" heavily into altcoins in 2017 and didn't manage to sell at the peak learned that heavy lesson.
Altcoins are mostly traded against BTC or ETH, so when they drop, there's not much fiat flowing into BTC. Those who bought alts with fiat will probably keep holding fiat after dumping alts, and those who bought with BTC/ETH will keep that coin. This is why there's no complex patterns between fiat, Bitcoin and alts, they simply follow BTC when it makes big moves, and sometimes have their own pumps and dumps and that's it.
We've seen a similar circumstance when xrp plummet after the SEC filed a lawsuit against Ripple Labs Inc. for conducting an unregistered securities offering and then bitcoin price increase afterward, that's no coincidence and has happened many times, so I would say yes there is a chance it will happen.
When altcoins fall and bitcoin on the rally causing fomo, people will sell alts and shift their funds to bitcoin which offers a greater chance of making a profit.
When altcoins fall and bitcoin on the rally causing fomo, people will sell alts and shift their funds to bitcoin which offers a greater chance of making a profit.
That vision is correct, coolcoinz.
It is the behavior that we have noticed about Ethereum, it is also evident that in the network there has been a proliferation of farming, staking, AYI projects that make capital go to them. But as long as bitcoin continues its bull run there is a promising future for bitcoiners. As it is also true that correlations cause the prices of altcoins to fall because bitcoin continues to lead the market dominance.
It is the behavior that we have noticed about Ethereum, it is also evident that in the network there has been a proliferation of farming, staking, AYI projects that make capital go to them. But as long as bitcoin continues its bull run there is a promising future for bitcoiners. As it is also true that correlations cause the prices of altcoins to fall because bitcoin continues to lead the market dominance.
Nothing has changed in regards to the market trends. Dumps and pumps are nowhere to stop, every coin must have behaved like this, and that also a reason why traders survive. In fact, I'd never expected XRP and DOGE to have the rally this time but seems it was all been possible in the crypto market and that investors will take the opportunity of buying while both of them have suffered a loss of price in the past days.
And this means that we can never lose our hopes because coins are in the dump now as soon it can be lifted by the hypes. But the problem is how long we have to wait before it comes.
And this means that we can never lose our hopes because coins are in the dump now as soon it can be lifted by the hypes. But the problem is how long we have to wait before it comes.
I have high hopes for Ethereum because its performance this year is great. It's a "late bloomer" because people thought that it would explode right after 2.0 transactions were tested but it didn't. It also didn't do much when Bitcoin hit its all time high last year. That said, Ethereum's explosion usually marks the beginning of an altcoin season, or at least it did in 2018. We might see another, bigger bullish move on Bitcoin followed by a similar move of the bigger altcoins.
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.
It is not a bloodbath for Doge. It's very common after it has pumped, it will be followed by a dump which has happened to Doge. That's why it's not actually a bloodbath but just a usual thing that happens in the market that we knew it for so long.Bitcoin as the most suitable alternative for their funds
That's not suitable, what suits are the altcoins. The meaning can tell what does it mean for most. They're converting from bitcoin to alts and vice versa if they're doing it for daily trades. 
I doubt it's at your statment when you say Bitcoin will be in low state and XRP will flourish because XRP has been bearish since 2017 bull run and recently it marched towards $1 that's all but yes with other altcoins users will shift back their asset once the market stabilizes thus bitcoin will lose those funds, what if Bitcoin stays above $30k throughout the year? If this happens then there wouldn't be a possibility of funds being shifted back to altcoins.
For me, not really. Usually what happens is that these funds will be transferred back to their respective assets as soon as the market stabilizes, so it is a give and take relation for bitcoin and altcoins in the market really. You'll see in a few months how this works, especially once bitcoin's value drops down, altcoins like XRP, will flourish while bitcoin will be in a lay-low state.
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?
Jump to: