Will Altcoin's loss become Bitcoin's gain?

AliMan

hero member

Activity: 1974

Merit: 502

Vave.com - Crypto Casino

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.

Vaskiy

legendary

Activity: 2646

Merit: 1106

DGbet.fun - Crypto Sportsbook

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

full member

Activity: 1119

Merit: 206

Next Generation Web3 Casino

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

hero member

Activity: 1414

Merit: 542

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

sr. member

Activity: 1288

Merit: 253

casinosblockchain.io

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

RealMalatesta

legendary

Activity: 2338

Merit: 1124

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

member

Activity: 364

Merit: 10

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.

bitbollo

legendary

Activity: 3276

Merit: 3537

Nec Recisa Recedit

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

full member

Activity: 1708

Merit: 105

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

sr. member

Activity: 1638

Merit: 300

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

full member

Activity: 1190

Merit: 117

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.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

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.

Zemomtum

full member

Activity: 1316

Merit: 104

CitizenFinance.io

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.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

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.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

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

hero member

Activity: 2548

Merit: 605

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

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: ?? on ??

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.

jaberwock

legendary

Activity: 2660

Merit: 1074

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

full member

Activity: 1330

Merit: 147

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.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

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.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: leea-1334 on February 03, 2021, 08:05:29 AM

Quote from: RealMalatesta on February 03, 2021, 04:40:32 AM

Getting better at crypto trading doesn't really mean you could go towards altcoins, you could do that of course and it all depends on personal preference but you could also stay in bitcoin but get to much riskier trading. Let's say you are a great trader and rarely ever lose money and make great trades on bitcoin, if you do not want to move to altcoins, you could basically just focus on going to margin trading and high leverages that way you would be capable of actually profiting a lot while still staying in bitcoin.

I am not sure people really can get better at trading to be honest. You can always tweak strategies and learn more,,, but usually the emotional side and discipline is the most important thing to fix and people cannot really do much to change the way they act (risk attitudes for example).

That is usually what gets you in the end!

One of the most important factor that should really be focused one but to know that everything should be balanced, from analysis to good emotion handling.Trading do involve lots of trials and error
where you can really enhanced up your emotional control as you do get involved with trading as years or days passed by.This isnt something that can be attain on a short span of time.
On the question of Altcoin loss become bitcoins gain then its most of the time this had been the case where market do shifts out but doesnt mean that it do happen from time to time.
Dominance or market trend doesnt really correlate each time because there are times that only bitcoin is rising but altcoin didnt really have any significant movement or just moving
sideways.

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

Quote from: RealMalatesta on February 03, 2021, 04:40:32 AM

Getting better at crypto trading doesn't really mean you could go towards altcoins, you could do that of course and it all depends on personal preference but you could also stay in bitcoin but get to much riskier trading. Let's say you are a great trader and rarely ever lose money and make great trades on bitcoin, if you do not want to move to altcoins, you could basically just focus on going to margin trading and high leverages that way you would be capable of actually profiting a lot while still staying in bitcoin.

I am not sure people really can get better at trading to be honest. You can always tweak strategies and learn more,,, but usually the emotional side and discipline is the most important thing to fix and people cannot really do much to change the way they act (risk attitudes for example).

That is usually what gets you in the end!

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: BrewMaster on February 02, 2021, 10:15:28 AM

historical stats tell otherwise. each time bitcoin makes any move the altcoins get dumped right away which is showing that actually a lot of altcoin traders sell their altcoins at times like this. i don't know how it would affect bitcoin but we know that altcoins go down.

Well, you are right. The altcoins go down every time bitcoin goes up. But not all altcoins will go down. We can see it is happening today wherein bitcoin moves to go up, and some altcoins can follow to go up. But yes, mostly, the altcoins will go down. If we can have the altcoin that can go up even bitcoin goes up, that will better for us because we still make a profit.

Quote from: bitterguy28 on February 03, 2021, 05:17:30 AM

Well they can hold but at least if they saw a chance in transferring in bitcoin , for sure that is what they gonna do.

We are all having our altcoin but admit it that we are also wanted to have Bitcoin though it is much higher than the amount of everything.,

I guess they will do if they have the opportunity to convert it into bitcoin because bitcoin will give them more profit in the future. Bitcoin as the main investment will be necessary to have than the altcoin, but we need the altcoin to help us make more profit in bitcoin. I am sure we will have the chance to get profit in bitcoin in the next altcoin season.

bitterguy28

full member

Activity: 2170

Merit: 182

“FRX: Ferocious Alpha”

Quote from: ?? on ??

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.

Well they can hold but at least if they saw a chance in transferring in bitcoin , for sure that is what they gonna do.

We are all having our altcoin but admit it that we are also wanted to have Bitcoin though it is much higher than the amount of everything.,

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: bvoriue on February 01, 2021, 05:00:00 PM

Bitcoin is certainly the king of crypto assets and has the highest rating and highest volume.
However, if investors already have qualified trading skills, they will tend to target Altcoins. The reason is, investors can take advantage of the momentum of the ups and downs of Altcoin prices.
They buy Altcoins when they are down and then sell them when the price is high. They are able to see opportunities in Altcoin price movements that fluctuate rapidly and relatively quickly so that their profits can be maximized.
Do you think altcoins have lost?

Getting better at crypto trading doesn't really mean you could go towards altcoins, you could do that of course and it all depends on personal preference but you could also stay in bitcoin but get to much riskier trading. Let's say you are a great trader and rarely ever lose money and make great trades on bitcoin, if you do not want to move to altcoins, you could basically just focus on going to margin trading and high leverages that way you would be capable of actually profiting a lot while still staying in bitcoin.

I am not saying this like an encouragement, because I have never traded in high leverages, tried leverage trading with small numbers for a while but it was just under a week and never liked it, so it is not a suggestion. All I am saying is that there are people who do things like that and that is why I was pointing towards, you could basically do this if you want to.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

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.

I think this is normal because the Movement of Dogecoin and Tron in the past is really amazing ang reach the top again so dropping at this certain moment is normal.

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.

Quote

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?

We had already Break 35,000$ again now si for the 3rd time around we will try to take 40,000 to reach the 50k.

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

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.

That shouldn't be considered as a bloodbath because a bloodbath always affect every cryptocurrency in the market and it always happen after the success of the bullish market.

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

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?

Straight from the shoulder, we are in the season where Bitcoin trend determine what will happen in the market, I guess the institutions understand this very well which is the reason why they pump their investment mainly on Bitcoin. However, it usually takes sometime before altcoins follows the bullish trend but we are now in the season where altcoins will also experience the bullish expected.

Quote from: vintages on February 02, 2021, 07:42:41 AM

At that time, buying may pump the prince of bitcoin, but what's the need when they sell off their coins after the sudden gaining from bitcoin pump.

All this instability is not going for the right altcoin. Instead of jumping from one altcoin to another, isn't it best to maintain a hold on bitcoin? For years, it has proven it worth. Though, this does not means there isn't any better altcoins out there.

The tips of making a secure investment in crypto are to go all in Bitcoin while some little portion is invested in altcoin because they are highly manipulated but it good to invest in altcoin despite the investment tips in other to make a good profit when it altcoin season

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

Quote from: ?? on ??

Not many traders will transfer their funds from altcoin to bitcoin or stable coin, and they still hold their altcoin until the price increases.

historical stats tell otherwise. each time bitcoin makes any move the altcoins get dumped right away which is showing that actually a lot of altcoin traders sell their altcoins at times like this. i don't know how it would affect bitcoin but we know that altcoins go down.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: shoreno on February 02, 2021, 05:29:47 AM

btc did increase a little so maybe its true that some of those altcoin users convert a handful of their coins unto btc and you said some alts are increasing too ? its also possible that they directly trade thier alt coins to xrp and xlm instead of trading them to btc . doge had pump last day because it was said to be shilled by influencial people and it wasnt wierd seeing it going down . that would be means that the shilling was over and now they are moving on to shill another new altcoins . thats altcoins can also be xlm and xrp

You need to be more obsevant and avoid doing fomos, we all kew that this market is full of swing, one day you see good pump then the next thing would be an expected dump, if you do your research and you manage to observe how things works around this market, the chance of riding the right train is very possible and expect a good profits with the market.

vintages

full member

Activity: 966

Merit: 153

At that time, buying may pump the prince of bitcoin, but what's the need when they sell off their coins after the sudden gaining from bitcoin pump.

All this instability is not going for the right altcoin. Instead of jumping from one altcoin to another, isn't it best to maintain a hold on bitcoin? For years, it has proven it worth. Though, this does not means there isn't any better altcoins out there.

shoreno

full member

Activity: 1750

Merit: 118

btc did increase a little so maybe its true that some of those altcoin users convert a handful of their coins unto btc and you said some alts are increasing too ? its also possible that they directly trade thier alt coins to xrp and xlm instead of trading them to btc . doge had pump last day because it was said to be shilled by influencial people and it wasnt wierd seeing it going down . that would be means that the shilling was over and now they are moving on to shill another new altcoins . thats altcoins can also be xlm and xrp

bvoriue

member

Activity: 546

Merit: 11

BountyMarketCap

Bitcoin is certainly the king of crypto assets and has the highest rating and highest volume.
However, if investors already have qualified trading skills, they will tend to target Altcoins. The reason is, investors can take advantage of the momentum of the ups and downs of Altcoin prices.
They buy Altcoins when they are down and then sell them when the price is high. They are able to see opportunities in Altcoin price movements that fluctuate rapidly and relatively quickly so that their profits can be maximized.
Do you think altcoins have lost?

Shasha80

sr. member

Activity: 1876

Merit: 318

In my opinion, don't be too quick to move the altcoins we have into Bitcoin, because we think Bitcoin is more profitable. The price correction that
occurred in the altcoins is something that is very natural to happen, because it follows the price of Bitcoin dropping to a price of $ 32k. But if we
are patient, surely in the near future the price of altcoins will recover. We have to have confidence that the altcoins will rise soon.

Moreover, altcoins which are popular and have high volume are safe enough for HODL. In fact I'm planning to buy some more altcoins right now,
so when the altcoins pump price again, the profit I can make will double. Unless the altcoins you HODL are shitcoins, or altcoins outside the top 10,
you should indeed move them into Bitcoin.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: Yamifoud on January 31, 2021, 06:17:43 PM

Quote from: KTChampions on January 31, 2021, 05:48:00 PM

Now is really the best time to keep funds in bitcoin - if the pump continues, it will start with bitcoin and fans of other coins will have time to switch to them. If a bear market begins, then bitcoin will fall much more slowly than other altcoins and the holders will have time to switch to stable coins or continue to hodl.

If that so happens that Bitcoin will fall while altcoins do the pumps is because people are jumping into them which increases the altcoins demand. But this is to be a rare case scenario since we know that Bitcoin is dominating the market and people have to stick to this rather than prioritizing altcoins.
Because if that Bitcoin will drop, well, a lot of people will buy. I saw this a normal scenario happening repetitively as investors and traders moving in and out when they saw an opportunity on both sides.

In my memory, this did not happen. If Bitcoin falls, the whole market falls. Another thing is that if the entire market grows, then altcoins grow faster than bitcoin, and then we can say that bitcoin is getting cheaper relative to altcoins. Perhaps in the next cycle this scenario will repeat itself, but it seems to me that in this cycle, global growth is already close to completion and many altcoins are overheated.

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: KTChampions on January 31, 2021, 05:48:00 PM

Now is really the best time to keep funds in bitcoin - if the pump continues, it will start with bitcoin and fans of other coins will have time to switch to them. If a bear market begins, then bitcoin will fall much more slowly than other altcoins and the holders will have time to switch to stable coins or continue to hodl.

If that so happens that Bitcoin will fall while altcoins do the pumps is because people are jumping into them which increases the altcoins demand. But this is to be a rare case scenario since we know that Bitcoin is dominating the market and people have to stick to this rather than prioritizing altcoins.
Because if that Bitcoin will drop, well, a lot of people will buy. I saw this a normal scenario happening repetitively as investors and traders moving in and out when they saw an opportunity on both sides.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Now is really the best time to keep funds in bitcoin - if the pump continues, it will start with bitcoin and fans of other coins will have time to switch to them. If a bear market begins, then bitcoin will fall much more slowly than other altcoins and the holders will have time to switch to stable coins or continue to hodl.

Hippocrypto

sr. member

Activity: 1484

Merit: 277

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?

Exactly that's positive effect on bitcoin's demand as well as gain continued to add up when price recover during slight fall. Bloodbath for several altcoins is really disappointing, though there's some of them who still live at selected trading sites but we need to wait for further developments. Increased orders for altcoins would also be helpful in order to be listed on popular exchanges.

kapalmabur

sr. member

Activity: 2002

Merit: 250

Quote from: arufox on January 31, 2021, 09:06:27 AM

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?

Every people have their strategy to deal with the market situation, some people buy more, turn into bitcoin or stable coin, and many more. But Altcoin will survive no matter what happens in the market. Be patient and you will know the truth of altcoin

Bitcoin is really bullish, don't worry dude, even though bitcoin dumps, altcoins will try to survive,
yes even though the correction is also happening in altcoins but the recovery in altcoins is much bigger than in Bitcoin,
and if the altcoin season cycle repeats itself, altcoins will be determine its own path, although bitcoins go up, altcoins will also go up.

Mahanton

hero member

Activity: 2730

Merit: 632

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?

Everything could be random because you wouldnt know on where those funds do head on neither on bitcoin or simply on stable coins which means
there is no exact thing that you can precisely presume on in talks of switching demands or shall we say the dominance itself.They dont correlate from
time to time because market do really move in unpredictable manner where you can see that price of btc is going up which you can possibly
see that alts are going on the same trend and on the other side it can go to the opposite side.Its all not correlated or connected at all.

Wysi

sr. member

Activity: 1638

Merit: 261

Quote from: larus on January 31, 2021, 02:31:18 AM

It works in opposite way. While btc is growing alts are dead. Right after bitcoin correction alts are growing

Yes, but t has been opposite only during this Bullrun, if you check last bull run of 2017 the altcoins started growing only when the value of Bitcoin sky rocketed, once the value of Bitcoin started dropping down thata when altcoins went through bloodbath which it's yet to recover till date. This year bull run is opposite because users have understood that Bitcoin has the capability to bounce back from worst market situations which might not be the same case with altcoins and they don't want to risk again.

Reid

hero member

Activity: 3052

Merit: 651

If its just for the sake of saving risk then its not.
I mean, they will just go back to the coin they always prefer.
Well, it will be good for traders who knows no greed.
Fluctuations like that is where they will profit. But I doubt they will be appreciated for doing that.
Besides, they are also making profits by doing it. Still, it sounds risky for me.

target

legendary

Activity: 2282

Merit: 1041

Been also watching the market as a whole and its happening that whenever BTC falls there are several Defi projects that continue to rise in price yet its marketcap isn't getting bigger.

The entire marketcap as of the time of writing is Market Cap: $973,828,828,765 by the next few hours, it could break to trillion once again and BTC will bounce to $33-34K. This could mean that BTC's loss is altcoins gain and vice-verse.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

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?

The bitcoin dominance has been decreasing for some time and this means that it is instead happening the opposite, bitcoin is losing strength while altcoins are gaining it, this is why now we are seeing altcoins begin to move independently from bitcoin and some are going down while some are going up.

I still do not think that we are going to see an altcoin season or anything like that but since bitcoin is no longer moving in the way it did a few weeks ago speculators are using other coins to try to increase their stash, but make no mistake if the price of bitcoin begins to go up again they will come back to bitcoin immediately.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

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.

I was very surprised by the price increase that XRP had, it was a big pump, but I don't buy XRP and I still think that XRP is the worst investment that anyone could do

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

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?

look well at the current bitcoin price, it is trying to stay above $33000 and is not succeeding, this suggests that if it continues like this we will see a big dump

CODE200

sr. member

Activity: 1484

Merit: 323

In my opinion there's no correlation with the market value of Altcoin and cryptos. There are indeed times wherein when the market price of this market industry is in green marks both altcoin and bitcoin are all affected. But I doubt there's a direct correlation with its market value such that everytime the market price of Bitcoin is falling, same thing will already happen to the market value of altcoin. There are times wherein indirect correlation is more observable regarding their market prices. The prices just depend on the demand and supply of a crypto alone, having no effects with one another.

arufox

full member

Activity: 1119

Merit: 206

Next Generation Web3 Casino

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?

Every people have their strategy to deal with the market situation, some people buy more, turn into bitcoin or stable coin, and many more. But Altcoin will survive no matter what happens in the market. Be patient and you will know the truth of altcoin

blckhawk

sr. member

Activity: 1554

Merit: 334

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?

Well, I'd say it's somehow like that but not all the time. I mean, I know you are familiar that Bitcoin and alts are somehow moving in the opposite way but there are some cases that they will either go up or down at the same time. When alts are in a bear trend I will assume that people will try to move most of their stash either in stable coin or in Bitcoin which will lead for Bitcoin dominance to go up and as for Bitcoin enters the bear trend alts will now shine.

blackened515

sr. member

Activity: 1218

Merit: 279

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?

Most people are in dilemma between holding BTC ot alts. If BTC goes to $50k from here, they will get only 2x profit but if some alt they holding pump, it could go upto 10x or even 100x.
Personally I prefer holding alt.

Bitcoin577

member

Activity: 168

Merit: 11

I agreed with you and i observe that many traders do this strategies. They invest in altcoin when price low.
When altcoin pumped they transfer their fund yo bitcoin which reault in pumping of btc. This not happen all time..
Some trader use this strategies.

Joyawan13

full member

Activity: 910

Merit: 100

elysian.finance

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?

why people choose to put their assets in bitcoin, because I think someone prefers a safe zone to move their assets to bitcoin, so I think they will only put a few percent of their assets in some altcoin of their choice which of course they want there will be an increase in altcoins when there will be a decline that will occur in bitcoin.

Argoo

sr. member

Activity: 2352

Merit: 245

Quote from: Twentyonepaylots on January 30, 2021, 04:08:01 PM

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.

Bitcoin and altcoins are already inextricably linked. They complement each other and capital constantly flows from altcoins to bitcoins and vice versa. Altcoins will in any case exist and develop further, since they perform many more different useful functions than bitcoin. At this stage, it is no longer possible to remove altcoins from the market. The role of bitcoin is also increasing thanks to altcoins.

Jating

hero member

Activity: 2842

Merit: 772

Really hard to say at this point though, there are a lot of players who have their intention specially in the altcoin market, pump and dump groups, manipulators, and now WSB. Look at Doge latest pump, and then it went down hard as well, we really don't know if those who profited move to bitcoin or not.

So no one can tell if there is a direct correlation now, the whole crypto market's narrative has change a bit as well. So I would say that there is no relation whatsoever.

SamReomo

hero member

Activity: 784

Merit: 672

Top Crypto Casino

Doge was pumped and it will get dumped but there are chances that it could get another pump much higher than the last pump within a week or so. If I am not wrong this pump of the Doge thing has changed the way of the cryptos to a pump. Bitcoin in theory can go lower than 30k and few alts will follow it like babies. Other may show different patterns. However, it is a truth that if Bitcoin goes below 28k then others will follow it blindly.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Doge was just pumped intentionally, it wasn't really about Dogecoin increasing in price naturally. If you were to just randomly look about how Dogecoin reached the current price, you'd easily see how many people were trying to intentionally hype Dogecoin saying it'd go above 1$ or something, when the increase it had was obviously a pump. Well, it pretty much went down right now though, so I guess those people who would hype more altcoins would now swap onto another one.

Bitcoin has nothing in relation with whatever the altcoins do though. Altcoins may be affected by how Bitcoins price grows, but the opposite rarely happens, or maybe doesn't even happen at all. Plus, investing in Bitcoin and investing in altcoins solely depend on your portfolio, and even if Bitcoin were to "pump" as you say, it'd naturally depend on how traders would take it instead of whatever you and many others just say. Trading is a personal decision in the end after all.

larus

jr. member

Activity: 236

Merit: 1

It works in opposite way. While btc is growing alts are dead. Right after bitcoin correction alts are growing

Kittygalore

member

Activity: 868

Merit: 63

Quote from: coolcoinz on January 30, 2021, 06:14:56 PM

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.

Can't really blame it, Ethereum's launch was overshadowed by the ATH of bitcoin which is far more beloved by many. I do hope that the time will come that Ethereum will have its share of spotlight. But I do not think that this year will be the same as 2018, remember that the prices are still higher than ever and institutional investors are still on the market so we might see another pattern here. Not to mention, volatility in cryptocurrency market seems to be as strong as it is back then so we shouldn't let our guard down and have this speculation blind us from the logic and rationality of the situation at hand.

pooya87

legendary

Activity: 3472

Merit: 10611

It is not bloodbath, it is the daily altcoin pump and dump! And those other shitcoins aren't performing well, it was just their turn to be pumped. Each day the pumpers choose a select number of shitcoins to pump and then they pump those coins as much as they can. But after some time which can be a couple of hours or a couple of days, they will dump the same shitcoin to pull out their money and put it into the next one. So for example they pump Doge 2 days ago then dump it today and put the money in XRP to pump it today and tomorrow they dump XRP to pump something else. And the chain continues forever.

None of it has anything to do with bitcoin though. But the moment bitcoin starts rising back up again and crosses $37k-$38k then all the altcoins will get dumped hard.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

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.

It is normal. Do you think that Dogecoin will keep moving up after its blatantly pump from tweets?

XLM and XRP were pulled back a lot after their pumps months ago. You can take them as the future plan for Dogecoin that were pulled back and will be pulled back more before the next pump.

Quote

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?

Bitcoin and altcoins usually move in opposite ways: one moves up, the another moves down and it is very seldom to see they both move up or down.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

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

I'm asking these days why you are a senior member yet don't know what you are posting . Doge and XMR had Pumped already and almost made their way up so why ask this question ?

Quote

and all wherein other altcoins like XLM and XRP has performed well.

These 2 altcoin has been in Bloodbath for long time and now ? of course volatility act right ?

Quote

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?

You have already answer so what's the sense ?

Market is unpredictable so everything may happen , and you are a years on this market and forum you should know the answer.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

If bitcoin starts to increase but not rise too high, I think the users will select the stable coin to hold their money. If the bitcoin price can be down for more, they will choose bitcoin and hold it because after the price stays at a low price, it will start to rise, although the price will increase so high. But the users will observe on the market, bitcoin and altcoin market, and they will not make a rush action to buy the coin. The users will not purchase bitcoin at a peak because they will risk their money. They will search for a good time to buy bitcoin.

The Cryptovator

legendary

Activity: 2394

Merit: 2223

Signature space for rent

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.

LimLims

sr. member

Activity: 1204

Merit: 272

1xbit.com

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?

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.

777Jolami

member

Activity: 700

Merit: 14

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?

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.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

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.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

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.

error08

hero member

Activity: 1036

Merit: 514

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.

verita1

member

Activity: 1358

Merit: 81

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.

Japinat

hero member

Activity: 3052

Merit: 685

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.

coolcoinz

legendary

Activity: 2814

Merit: 1192

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.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

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.

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.

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

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.

Wysi

sr. member

Activity: 1638

Merit: 261

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.

Twentyonepaylots

sr. member

Activity: 1918

Merit: 370

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.

Wysi

sr. member

Activity: 1638

Merit: 261

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?

Topic: Will Altcoin's loss become Bitcoin's gain? (Read 676 times)