Topic: Will Bitcoin continuos uptrend kill off the Alt Market? - page 2. (Read 1541 times)
Bitcoin corrected down to 1800 recently and Alts fell even harder. Now bitcoin rises and Alts fall even more. Doesn't matter if bitcoin goes up or down Alts are just falling!!
Everything that goes up must come down. Sooner or later, the price of Bitcoin will experience a correction, and the alt coins will skyrocket.
I can see a lot of bleeding in the Alt market but not on Bitcoin. Surely if this continues the Alts are doomed apart from a few popular Alts that can still survive as Bitcoin cannot have 100% market dominance all the time.
What you guys think?
What you guys think?
We have seen this before and this is not the first time. That is why we can say that there is a correlation between bitcoin and the alts. I think the top 5 altcoin are always affected by the price of bitcoin. Right now since bitcoin is rising some of the altcoins are bleeding its just normal. The thing is, those who are bagholders of this altcoins suddenly panics and the only thing to do is just sell or continue to lose. That is why altcoins are just for pump and dump coins and just take the profit and go to the next coin that will be pump. Really hard to be a bagholder of altcoins really.
Take a look at the top ten alts, they've been falling vs bitcoin for weeks. Just because neo and a few other small shitcoins have a lil pump doesn't mean alts are doing great. Some people get lucky with a shitcoin and now they are experts lol until they lose it on the next move they make. Than we never hear from them again lol
Ok when u guys predict bitcoin price will stabilise/correct?
Good question I wish I have the answer, but:
When BTC was under 3000, it was always crashing when it was to go over 3000. With the recent rise, I was under the impression that 4000 would be hard to pass too, but it doesn't seem this time. So my bet would be 5000??? if not, then it's 10 000!
Ok when u guys predict bitcoin price will stabilise/correct?
I would like to know the real cause Bitcoin to rally so aggressive too.
Something big must be going on.
What is happening is fairly simple. The more the price rises, the more people will inevitably become aware of Bitcoin. And the more people are aware of BTC, the more people will get in on it and the higher the price will rise, which in turn will lead to even more awareness.Something big must be going on.
This will keep going for quite a while, unless every government in the world outlaws BTC (won't happen) or a vastly superior coin shows up and pushes BTC from its throne.
Or shall we say that the " big guys " in the market are transferring to BTC and this is pretty much the cause of the abnormal rise on BTC's price. Only those " big guys " are capable of doing so. It does bring awareness to all but only those " big guys " can afford the BTC price right now.
Sure, there is cash flowing from alts into BTC that is also helping the current trend, but that doesn't mean it's all "big guys". People are overestimating "whales" and underestimating the impact of a lot of individuals.
Either way, BTC is poised to rise, regardless of "big guys".
I would like to know the real cause Bitcoin to rally so aggressive too.
Something big must be going on.
What is happening is fairly simple. The more the price rises, the more people will inevitably become aware of Bitcoin. And the more people are aware of BTC, the more people will get in on it and the higher the price will rise, which in turn will lead to even more awareness.Something big must be going on.
This will keep going for quite a while, unless every government in the world outlaws BTC (won't happen) or a vastly superior coin shows up and pushes BTC from its throne.
Or shall we say that the " big guys " in the market are transferring to BTC and this is pretty much the cause of the abnormal rise on BTC's price. Only those " big guys " are capable of doing so. It does bring awareness to all but only those " big guys " can afford the BTC price right now.
This really saddens me. Some altcoins are correlated with BTC. When BTC does pump, some of the coins pumps too. But on this case, most of the altcoins are going down and BTC is still rising. This is not a normal rise on the price of BTC.
I would like to know the real cause Bitcoin to rally so aggressive too.
Something big must be going on.
What is happening is fairly simple. The more the price rises, the more people will inevitably become aware of Bitcoin. And the more people are aware of BTC, the more people will get in on it and the higher the price will rise, which in turn will lead to even more awareness.Something big must be going on.
This will keep going for quite a while, unless every government in the world outlaws BTC (won't happen) or a vastly superior coin shows up and pushes BTC from its throne.
bearish trend in altcoin market is due to outflow of money into NEO.
I guess chinese money are controlled outflowing into NEO.
All top Altcoins are bleading and lost their worth almost for 50% in last 30 days, here a portfolio showing 30 Altcoins with highest capitalisation since 30 June https://www.cryptocompare.com/portfolio-public/?id=44963
I guess chinese money are controlled outflowing into NEO.
All top Altcoins are bleading and lost their worth almost for 50% in last 30 days, here a portfolio showing 30 Altcoins with highest capitalisation since 30 June https://www.cryptocompare.com/portfolio-public/?id=44963
I can see a lot of bleeding in the Alt market but not on Bitcoin. Surely if this continues the Alts are doomed apart from a few popular Alts that can still survive as Bitcoin cannot have 100% market dominance all the time.
What you guys think?
What you guys think?
Though other alts are sinking due to the high rise in bitcoin price they don't lose much as you sell them for bitcoin.
when btc corrects, the alts are going to explode 
Agreed. Just make sure you've got your popcorn ready. Should be entertaining to say the least.
I would like to know the real cause Bitcoin to rally so aggressive too.
Something big must be going on.
Something big must be going on.
when btc corrects, the alts are going to explode
ALTS will regain an uptrend when BTC stabilise. It is almost always like that. People sell alts in FOMO in BTC, but then when the rise stop, they will rebuy alts when they are seeing better rise opportunity.
Lets take NEO antshares alt as a case study. I see it very bullish even when bitcoin is bullish? I assume NEO bullish price is all thanks to speculation or is it a billion chinese people using it?
What does NEO have that is better than hundreds of Alts already out there?
What does NEO have that is better than hundreds of Alts already out there?
Surely there's no room in the market for 800 Alts. Only a few big players including bitcoin can survive i guess unless every single of those 800 Alt currencies have a unique real world usage each and is needed.
Pump and Dump coins are just pump and dump coins.
Pump and Dump coins are just pump and dump coins.
In fact everything is red as for now.
Nope, everything is not red now. I guess you follow wrong coins in wrong markets.
You better stop trading if you can't keep up with all markets. There were a lot of profits made today already in Etherdelta, Hitbtc and Bittrex.
i think soon there will be bitcoin correction and consolidation and then alts can have a huge rise, at least i hope so 
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