Bitcoin Forum

ETH, LTC, DASH... all on the red. Bitcoin pumping to $1100 levels too. People quickly dump alts when bitcoin wakes up, even in this scenario of controversy due ChinaBU hard fork fears. Maybe it's a good time to pick some cheap alts after the rally is over.

You have to react very quickly because when bitcoin's price jump all alts usually overreact and dump way more for a slow time after quickly going back up at a higher value.

Pick up cheap alts?  What, after they've been inflated past all rational valuations?  Nah, I think it would be a great idea to sell and take your profit off the table now (if you made one).  I definitely wouldn't be buying right now.  Bitcoin maybe, but NOT any altcoins.

The relationship between BTC and alts is not so simple anymore. If BTC rose it guaranteed a knee jerk drop in alts.....all of them. But I was surprised how the last big rose in BTC actually lifted all boats.

Saying that, I sense a minor bloodbath in alts is coming just because many of them have moved too much too quickly. BTC is definitely the safe haven right now. The. Wait for next big opportunity in alts.

About eth, it's most likely a bear trap. Too many important news are coming for the drop to be real. Raiden in a week or so, EEA mid april, okcoin will also most likely add eth very soon, and then there's alphabay's may news.

Buy rumor, sell news, you know the drill. litecoin went temporarily crazy with zero news. the alt rally started with the etf denial and hard fork fud no matter what the individual coins have in the pipeline.

Yes. I wouldn't buy any alts eventhough they are down right now. It might be just a false signal they are sending. And you don't want to be caught on those traders placing shorts, then don't buy it. Still go for bitcoin instead, at least the market price is holding. BU schism is over, no one is dumping bitcoin, they are now holding it.

Yeah exactly. It's all a game to collect alts really. ::)
To do what? To save a few cents against btc price revivial?
This article says just this and I like the picture of what Altcoinville really looks like. ;D
https://news.bitcoin.com/using-an-altcoin-to-save-a-few-cents-may-not-be-worth-it/

There's a difference between the rumor/news that are all about hype and no substance and the real news. Raiden alone, if works as intended, will beat any development made in cryptocurrency in 8 years ( except for ethereum itself).

Sounds interesting.

How many transactions per second is Raiden promising?

Scales with the number of participants, capable of over 1mil tps http://raiden.network/
Bitcoin can do what, 2tps ?

Yes, most alts should have been dumped already by hodlers, the rise was unsustainable, but some got smaller pumps such as LTC, which only doubled. I sold half of my LTC and made profits, but i'll keep half of it there to hedge against the risk of a potential 51% BU mining support. I think LTC and ETH are decent bets to profit from such an scenario.


BUcoiners are an aggressive pack that will not give up easily, and they have monetary resources to cause damage. BU is still averaging 36% hashing rate, segwit is always behind.

It all comes down to Wang from f2pool switching to BU all of a sudden, or Jihan Wu deploying further mining operations to go above 51%. In such an scenario, I predict nothing but a BTC selloff.

LOL, the herd rushing to alts and back to Bitcoin like clockwork.


I predict BTC price to go up significantly when the artificial 1MB block limit is removed.

There's potential for sure. Technology development not just roadmap noise and the usual likes.
Next candidate of a different cathegory will be LTC since it has history and growing potential.
The tide moves between Altcoins bassin and Bitcoin ocean are best to be sailed with patience.
I wish Ernest Hemingway would have been an Altcoin trader, writing a book about this.

i'm sure it's great. but nothing changed in ltc, xrp, or anything else let alone all this bitcoin plus crap.

ethereum'll no doubt get bigger but for now it was part of the same pump.

Most alts are in the green right now, what are you talking about?

1 million tps? what? how? That sounds impossible, going to read raiden whitepaper..

exactly the unlogical reasoning that makes this market so jumpy and paranoid. the case that all altcoins magicly disapear over night is as insane as to think the huge bitcoin network with billions worth will disapear. many altcoins are funded in millions they work hard every day to make their coin better , u think they care if the price goes up or down for a week?

besides what kind of thinking is that anyway? support the projects you like and see goodness in, dont jump on the things that are trendy or solid. btc was a small project too once, if no one helped it grow big or abondoned it when the first flaw comes up it would have died much earlier.

theyre not inflated btw, bitcoin 1000 § while solid coins are in the micro cents? pff ..

I think the rise of the bitcoin will divert funds away from altcoins. So the altcoin will drop in the short term.

Absolutely normal, that after a period of strong rises comes a time of corrections and stagnation. The stagnation of ETH at the moment is on a very high level. DASH deeper - yes - but tripled his value since february. LTC still +50% in three days.

If this has been the pop of the altcoin bubble, I will be double glad that I invested not in BTC. But if someone shits in his pants because of a day of sinking prices, he would be not the right man for the altcoin market. Yes. And BTC? Will him scare immediately to death...

And how/when is that going to happen?

You have a lot of miners with powers they want to use to cipher off money of us using the system, just like any banker does.
It was the whole purpose of BTC not to happen.

Thing is, we don't need miners. We don't need the pollution they provide.

It's like driving a t-ford. Unless anyone of you do that.. I guess your actions speak louder than your words.
BTC is cool, but still a dinosaur.

Good call. Litecoin held it's dollar value well, through the bitcoin pump as well.

When people look at alts, they tend to only look at their bitcoin value. Get into the habit of checking their dollar value - it gives a better indication of where things are going.

ETH and Dash were red even before the bitcoin rise and it will only get worse for them from now on as the dump intensifies.
litecoin however is still higher than pre pump and it is unclear which way it will go. there is talk of SegWit on it which can cause a rally but also we may stay where we are if there is no Segwit in liteocin and go down.


yes and no.
it depends on the altcoin and the timing. many of these altcoins you see will continue going down with some dead cat bounces and when they reach bottom they will stay there for a long time which means you either should do short term trading with them or you should not get in until their next pump.

On a small coin it's worth watching the total value of all coins combined. Price * available supply.
The smaller the group of owners / whales, the more likely that number will not moon.
Allows you to identify entry and exit points as a small investor.