Bitcoin Forum

This entire run they haven't moved... any opinions on if this will do anything to the BTC price?

I feel that the alt coin's prices have dissociated from that of bitcoin. Alt-coins are mostly for "fun" only. Only bitcoin is getting more "serious".

Yep The only other coin that really ever got any attention was litecoin

Lots of alts had their 15 min of fame.

Anyhow, shouldn't this thread be moved to altcoins board?

the answer is much simpler..

the exchanges that handle the hundreds of alts.. dont handle dollar..
the exchanges that handle dollar only handle a few alts. like litecoin.

any exception to this are exchanges where the volume has little impact on the entire pricing average.

so dont expect large movements due to alts, as the ripple in the pond effect doesnt spread that far without there being a big splash

The usual cycle, first weak hands sell to get as much BTC as possible, then, when BTC price increases enough, alts start getting pumped cause ordinary people cannot afford BTC and buy the next best thing. Buy high volume alts, you ll profit on them within a year.

Agree, especially LTC and NMC have a good potential to make you 2 or 3 times your investment (look at historical graphs and you see some nice runs for both of them, usually together).

They can move much faster as well, due to the relatively lower volume and sell walls that are present on them.

Yup, this happened during the boom in 2013. Anyone else remember the $15+ Litecoins? hahaha

15+? 30+ you mean :p it skyrocketed after 15 indeed but it also managed to hold the low 20 range reasonably well after the pump to 50.

Even NMC hit 15 USD briefly at that time.

Those were the days! If stuff like that happens again, I'm a happy man with my improved ltc holdings since 2013.

Yes!...Today, many of the alts started moving because bitcoin's price increased causing the alts to become more valuable. In turn, the alts were accountable for much of the volume of bitcoin because people need bitcoin to purchase and trade the alts, thereby driving up the price of Bitcoin....smile....I love it!

Litecoin was more than $30 around that time.
If this thing repeats, and I believe it will, there is still much room for Litecoin too increase.

yes I believe that one day nearly all alt coins (of today) will even be as high as bitcoin...

Few coins have moved, litcoin, eth and dash looks like it is coming back but yeh not many have moved.


 ::)

 :D

Not even close. Only few, the most interesting/innovative and the ones with highest volume will survive. People do like diversity but 1000 clones of the same thing will not be able to coexist.

yep and this is not the first time that this happened, people should start to realize that this is the mission of the alts, bitcoin is the only one currency that's really matter yes? :P

I was going to dump some litecoins I have earned these last days. From the posts here, seems like it would be a good strategy to hold them, right?

They only went back to the level they were before bitcoin exploded. The ratio to btc is back to normal again. Couls remain stable, but i dont see a certain increase coming up.

And they have lost a percentage already, It's everybodies guess at this point.

I think it'll be an object lesson in people never learning. Barely a single alt has brought anything to the table since the last explosion but if there is another one we'll see endless posts about a goat herder in Tajikistan accepting Wankcoin and how this time it's different. As they collapse again it'll be whales holding the price down rather than no one giving a fuck. Still, there'll be profit to be made by someone somewhere but it would be nice to think people were a little wiser now. There's no shortage of precedents now.

Alts price will move also. In fiat they already move. Question is which alts will move most and first. Will be the same as in 2013 or will be the ones that are now most popular. 
I think the first, since new users that will join Crypto movement will first notice old coins that already made some marketing in past and have positions on many exchanges. 
Some altcoins that will be successful in future  with features that Bitcoin dont have and are bringing something new to the table will start growing n second wave, after new users will educated about crypto more.

Maybe we are in a bull market for all cryptocoin now. I see Ethereum, Dash and litecoin price rise. The price rise might last.

Yes from my small time in this community and scene I've noticed that altcoins didn't move much after Bitcoin recent rise. Some months ago if Bitcoin changed value it affected the top coins directly and almost instantly.

Some altcoins always get pumped when Bitcoin rises. It usually won't last long though.

All I care about is that LTC does its usual tag along all "yoshi" like to bitcoin's "mario" at say at least about above 0.0100 or more LTC to BTC ratio.

I got 2500 LTC from mining (hoard) in case LTC goes 'somewhat mildly nuts' as it has in the past...so anything above that I'm golden ..below that I cry like an 8 yr old :(

just can't seem to move it to BTC yet....things are too weird....look at this last pop from 2.98 to 3.75 usd in a day (higher actually then that like 3.86 i think)

So my 'question' is ..it is NOT out of the realm of probability that if BTC say takes off to 500 usd a coin say... LTC as an alternative might not also go off on its

own 'tangent' and look like a deal at 10 or 15 bucks a coin ....(assuming if you are China and moving fiat out one way ...adds to this idea)

So I hold....my last hoard of 'anything' hard to let to.....at 72.5 btc now from mining ...so we will mine some more and sit on my pile of dragon loot and ponder

the mystery that is crypto? (when confused or scared 'freeze' is my motto ) :)

on a side note I moved 501 LTC yesterday at 3 bucks an LTC to BTC at 300 usd for 5 BTC....cause I was so SURE LTC was gonna CRASH (perfect timing in the wrong direction as per usual) .....and woke up (i work nites) to 3.83 ltc price....so sitting on hands is again my new 'motto"!

with SOME alts .holding some .especially LTC imho....... an't such a bad move.....

we will see

LTC, PPC, Doge, Dash, etc have  all stood still as BTC ran from 220 to 300 when it started moving above solidly the alts started moving as well..

The last rise to 300 the alt coins started jumping the second BTC did.

People finally just decided altcoins are just little toys to play with perhaps?  Perhaps people are thinking we are indeed in a bull market and now is the time to put more into crypto in general?

A signal BTC is about to drop down a little bit perhaps

Which altcoins? I see only three that moved. First is Ethereum that has been speculated to death. Then you have Litecoin that mirrors everything that Bitcoin is doing since forever and today you have a slight move in Dash, I don't know why is this. Everything else is dead as a dead horse.

Coin lag, they're jumping now; LTC is currently working its way towards $4 USD per. I'm expecting LTC to hit $30 by xmas. Ho Ho Ho!

I doubt it, not being pessimistic but these coins are up for some quick pumps. See litecoin being pumped up to $9 only to go back to its original price within hours? It will happen within a span of some days.

As is visible, bitcoin price is moving rapidly. I wish it could attain some 1200 USD value.

LTC hit almost $50 in 2013. I doubt we'll ever see that again though. There early adopters who were pumping LTC back in the day have already cashed out. Plus, it doesn't have anything innovative to offer over BTC.

The only time when you will see a price change, is when the Bitcoin price tank. People will either sell their Alt coins to buy more Bitcoins at a cheaper price or they will panic sell,

because they predict a total Crypto currency crash if the strongest Crypto currency crash. Most of the Alt's are pre-mined pump n dumps anyway in my opinion.

I still need to see where they bring significant value to the Crypto currency scene other than being the crash test dummy for new changes to the technology.  ::)

I think it's obvious that some alts will always go up with BTC. Bitcoin is king and altcoins will try to follow like imitators. LTC seems to ALWAYS pump when a Bitcoin pump starts somehow.. but I would rather stay in Bitcoin than gamble it with some altcoin in hopes of making more BTC. You may make more by just holding the BTC.

If you can be totally pragmatic and only allocate play money then you'll be fine. Many people are prone to getting secondary Bitcoin fever and start forming an emotional attachment to their daffy alt and go down in flames with it. Those who are disciplined to run in and out at the right moment and never look back do well. It's not something I've got the knack for so gave up long ago.

It is very difficult for litecoin to move to $30 by XMas. Maybe 5-10 dollars. There is not much innovation in litecoin, it is just a tool for speculation.

And nothing technical has changed since 2013. If you'd put in $100 into LTC at the start of that year you would've ended it with $30,000. It's still largely pointless but it's plugged into China and they're the daddies.

Bitcoin goes up and altcoins follow. We've never seen a rally the other way round: there's only a good coin around and that is, of course, Bitcoin.

It involves way too much sheer luck to make profits off alts. It's better to go long term all in on Bitcoin, with a small amount of exceptions of coins worth holding such as XMR. But once the Bitcoin panic buying starts don't be surprised if most alts go down too because people will cash out to be on Bitcoin.

that is the normal way. alts only move when there is alot of heat in bitcoin but when they move, they move alot!

Some time next year, it will reach $1200. However, it depends if there is some kind of adoption for the coin.

Since the bitcoin price is going steadily up the most logic thing to happen is seeing people start to dump Altcoins to get more BTC.

The pump of bitcoin is mainly in the big exchanges, these exchanges deal with fiat. Altcoins are dealt in smaller exchanges.

Not all the time this is the scenario. When bitcoins do big rallies, altcoins tend to be left behind most of the time. The pump of LTC and other altcoins really amazed me, and I don't think that at the current rate of this market, someone will ever have the guts to put their btc on other altcoins on a big rally.

Oh yeah, I forgot that they even got higher then that at the time. I was busy with a volunteer project back then so I didnt have time to trade. I wish I would have cashed out back then.

Hm, BTC price increase seems to have stopped. I hope only temporairly. Cause alt ll keep dropping until BTC reaches $500-600. Then the alt run ll start.

Wait until the  AM in China.

This drive is from Asia not America, we are just tagging along.

+25% for Litecoin - cool  8)

Are those the coins you happen to hold by any chance?

Yes it is 5 am now in Shanghai, so I think within an hour or two, the price increase will again start. Traders wake up early in China to start another bull run. Don't worry about the small price drops, it happens in such price increases.

No...Bitcoin's success is tied to the alts.  Much of the Bitcoin volume is dependant on the alternative coin exchanges. fiat for bitcoin, bitcoin for alt, alt for bitcoin, bitcoin for fiat....etc.

I would think that the alt scene does definitely play a significant role in influencing Bitcoin's price. Most altcoins are dependent on the value of Bitcoin, and the value of Bitcoin is determined by the applications of its technology. In time, all of these cryptocurrencies will take off and everyone dealing with them will be rich.

Looks like when the bitcoin price is stable it gives a chance for alts, usually we first see LTC explode.  If bitcoin drops that it run is over for all coins.

I think its very clear right now that LTC will always follow, with other nice coins like Monero which always have very good liquidity. If you want to speculate with altcoin price movements moved by BTC allowing for those coins to follow, I would always gamble within the markets that have the most liquidity.

I remember when Litecoin was 0.033 btc

I don't really think that altcoins are having an impact on people that use bitcoin. And most people that use altcoins are people that use bitcoin. Bitcoin is more well known and more useful compared to altcoins. I know quite a few bitcoiners in real life, and only 1 of them invests in altcoins.

Yes they are not popular at all, only a small % of bitcoiners use them but from what you read here it's like they talking about the second coming. Only a very handful, if not just one or two altcoins have something new or unique to offer compared to Bitcoin. And even then Bitcoin will remain the standard unless a true new technology is created.

Some altcoins have special feature. For example, Monero (XMR) offers anonymous transaction. The transaction is untraceable. It is convenient for privacy.

Don't worry LiteCoinGuy, I know there are other coins like Litecoin around but I have just one love. And that is, in fact, Bitcoin.  ;)
By the way, I think almost 4 $ for LTC is a good price. It was too undervalued before.
I should have bought some..

I will convert to BTC my LTC someday..but hold some due to the fact it could go stupid high again (as an alternative to btc) at say 1000 usd btc
a 50 ltc is not beyond possible...just saying if LTC is like silver to BTC's gold ..all well and good but if  gold was the superior one and the elephant in
the room why do people still go with silver etc.....anyway I can move it to btc at a whim (the last of the ltc) but last 'hoard' from home mining so waiting (so far) ..just in case LTC has some more 'modest' legs too in the future of crypto (so far I've been right kept all that 1.30 LTC price (mined at 57c on cost of elec) from spring/summer 2014....so I can afford to gamble and sit on some don't ya know)

but home miners (titans) will doorstop soon and then I will just sit and yell in chat about wtf the price is doing and why ..years of future crypto confusion awaits me..)