Bitcoin Forum

the past 3 days, most alts are dumping.

I could not find an explanation why, any ideas ? any news im missing ?
Too many icos taking the spotlight ?

normally when bitcoin dumps, shouldnt alts pump ?

It's because the biggest alt is pumping - BCC

As mentioned on top BCC

and of course, btc is still main reason

Recently theres been tons of forecast by financial firms, investment firms, analyst that Bitcoin could hit $5-6K flawlessly, Time matters

No one could explain this, I suppose money is getting  into high pumping coin .whales will come back to other coins with their money , be patient to wait.

i know of an altcoin thats rising against Bitcoin as we speak, and its rising majestically .....

People panic often.  This isn't anything to be worried about as long as you just hodl.  I would dump any BCC that I own though.

Nice profit from dumping my BCH today.
Made a handsome profit from DASH as well. Not everything is in the red...  ;D

So many dumps near the weekends since I've been into crypto, don't panic, HODL and buy during these dips. I picked up a IOTA for $.25 USD in the mid July dip, it's $.84 today.

First, because of the huge BCH pump going on.

Second, because most of the alts have already been pumped to the moon, so now they are coming back down to earth.  ;D

It's true correlation but not always. It might be the case that bitcoin is being exchanged with USD !!
Altcoins will pump only if bitcoin is being dumped and converted to altcoins, then only those/that particular coin will start pumping, as the volume traded for it will be increasing.

As the bitcoin value is very high, people might just like to cash it out for fiat currency as they might think this is the highest bitcoin might reach currently. No big news by the way. Of course ICO will come and go that's not big thing.

A mentioned earlier it's mainly driven by the upsurge in BCH, more exchanges now supporting BCH, miners now finding BCH profitable to mine and as such might support it with more hash power and the speed of BCH confirmations might also be signs that it might be easily adpoted in the future.

They sold their altcoins to buy BCC. The alt will be back to da moon soon.

My eyes are always sore when I see my portfolio whose color is all red. We hope this soon finishes and everything will pump again  :D

Many whales are just taking home huge profits because many noob traders are coming and the noob traders are also dumping because they panic too much. Also another point to mention is the fact that this happens almost every weekend when the whales they want to spend their Bitcoins. ICOS as well are in fashion so people jump from one ICO to the other make x 3 or x 5 then go to next coin.

Be patient. When this BCH madness will be over things will resume to normality.

Initially I was panicked but after understanding the pattern of whales I did not really take into account at this time, it is best to remain consistent with some coins and wait for further developments, as the whales are currently raising rate of bcash and I think it's only temporary to their advantage.

Its a normal pushback.Also,this time unexpected maneuver like BCC pumping was done to make newbs move and get confused and lose money in the end.
Hodl your alts and be patient

News giving altcoin high impact, like or not that's what happens now. When news comes up, trader or investor make a hard decision with their money and mostly using bigger fund. Don't worry about it, it's just temporary. That's why trader or investor have fundamental information to helping them decides what the right step when news comes up. Too many ICO is nothing, bitcoin dumps altcoin not always pump. Thank you and see you next time.

your second opinion maybe still logic, alt already pumped and they will be down because the whales already get their profit and prepare to buy again in low price

Did you also realize that when a lot of coins are being dumped, some for example bitcoin cash are pumped? No one can some coins to pump forever.

I think this main reason is Bitcoin is suddenly huge raising that's why alt coin market is huge dump.I hope after one week alt coin is pumping.

Everything about dump / pump looks dependent on bitcoin prices. Because bitcoin is mostly used as a price benchmark. When bitcoin prices go up, then everyone wants to have some bitcoin for sale that time. To get it, several people sell alt coin with a relatively cheap price to get bitcoin.

This. Also sometimes you don't know why , it is just the way crypto works sometimes.

It happens because of BTC pumping hard this past few days. Peoole might be selling their alts in a hurry in exchange of btc because of this. But I have also observe that even alts are showing to dump on exchangers some of them when I check price (USD) on coinmarketcap its price still goes up compare of yesterday's. Thae eth for example last time I check its 285$ and now around 290$ but on exchangers it has negative percentage and price against btc going down.

Because Bitcoin Rising and other side BCC also rising

Yes I think so many players in the altcoin market are selling their coins and glancing at bcc, and bcc seems to start to exist and back up after a few weeks ago the price fell.

If everything is dumping then keep it in positive way and start investing into most potential coin when it becomes very low. :-)


Well I don't think bitcoin has got to do anything with the altcoins pumping process. It might be just investors like us who are getting attracted to sone xyz ICO or may be investing into specific coin so as to other coins are getting disturbed. However, I always see this as new opportunity to invest into those coins which future of the big profits!

So i always pay attention to bitcoin and altcoin, if bitcoin pump altcoin starts to happen slowly dump and when bitcoin stabilized altcoin start stable, otherwise if bitcoin occurs dump then altcoin dump is very far and if we notice altcoin will be stable bit long if stable bitcoin eat at least 1 week For stable altcoin ;)

Yeah it seems alts depends on bitcoin performance. It will be much better if we should have alts and btc together to both get the benefits when one pumps.

No matter why most important thing we need to do stay calm and don't panic. Tide will turn soon and pumps will start. Just try to buy some coins when they reach the bottom and you will benefit from this up and down trend.

btc is raising.it will be the main reason for dumping.BCC also raising.

I think becuase everything are dumping now is they want to buy BITCOIN because it will pump this week. Simple strategy of trader selling their altcoins to buy bitcoin (so altcoins will dump then bitcoin will pump) just a vice versa. Selling their bitcoin after the pump and buying altcoin when it dumps. This is my favourite things that always happening in crypto

When bitcoin has chance to raise in value, people don't want to lose that chance and dump their coins to guy some bitcoins (to dump later again for alts)

Why dumping? You are looking on the wrong alts  :D
Look at XCP, MCO, DNT, BNB, ICN, ZRX. They will shine in nearest days

i think we just need a bit time before all the money flows into the most altscoins

are you new on the crypto world ? altcoin dumping is not something new, thats how coin works, the coin is move from weak hand to strong and believer hand, if you can not hold alt coin for long term dont do it, you will be bankrupt soon. DO the Research before investing in some alt coin !!!

Price always gets pump and dump. At this time it's possible cryptocurrency investors are focusing on investing in bitcoins. So effect on dumped altcoin. This a trend and for trader make potential loophole to earn a bigger profit.