Bitcoin Forum

With Bitcoin rising steadily, and most Altcoins coming crashing down. What does the community think about the future of Altcoin prices and the future of Altcoins as well?

I'll answer first. So I don't really see a need for most altcoins and I think people are going to start seeing through this as well, slowly but surely that is.

I await yalls responses.

Article - https://www.cryptocoinsnews.com/4875-bitcoin-price-surges-toward-all-time-high-as-altcoins-plummet/

With the fork a lot of people get out of alts and into bitcoin. After the fork people will get out of bitcoin and into alts, to increase their BTC value. Bitcoin dominance is now at 52% and last week was about 44% so yeah it will revert back and all dumps will be quick gains. Now is actually the time to buy into alts.

Bitcoin will be dumped soon and all altcoins will see a hard pump. I don't buy bitcoin because it is so speculative coin, I started to hate its community.

too much hype on btc and many investors have choose to use the fund on it instead of Alts. once the price for btc is getting stable, the Alts will rise and it will be quick.

Best time to buy altcoins...actually the best time passed already (many are now in the green) but still a great time to buy! :)

Most altcoins are basically just good for being pumped and that is the only advantage they add to the community anyway. Just the ability to trade them with BTC for profit while capitalizing on their pumps. No one believes in them and the future they have, unless we just do not want to face fact and that is why it became so easy for everyone to dump them pretty fast to at least have some bitcoins instead.

Sorry but I disagree.  BTC is king now and probably for a long time still but it will eventually be dethroned...likely by one of these altcoins.

You know why BTC is forking so many times?  Because it is obsolete and it is trying hard to evolve and catch up.  Tech wise, most coins are much better than it now...it is just the first.

It seems the altcoins dump did not last long and today most are green alongwith bitcoin.
Still two weeks to go until Bitcoin gold fork so there can be more selling after some bounce.
Just need to hold tight through all this.

Yeah I agree. Best time to buy altcoins would probably be a few days right before the fork. Although since there's another fork in november, the prices probably won't recover until after.

Are you sure, Bitcoin is what hold the ALtcoin market together, true there is no need for 90% of the current Altcoin but since there is money to be made here people will invest into it.

The only reason a lot of speculations are surrounding bitcoin today is as a result of its value and popularity compared to any other shitty coin out there.

No one will blame you if you hate the community and decides to use all your funds to buy hazza which your signature is representing, however, if you think bitcoin will be dumped and altcoin will be pumped pretty hard after the fork, you had better think twice. Cause someone like me will just end up using the free BCC coin to even buy more BTC.

After 25 of October price of bitcoin will dump! And it is a fact!
So after this altcoins will rise up!

to be fail there has been a lot of interesting ideas in altcoins. i have not yet completely given up on them despite most of them just being copy paste crap of projects not doing anything at all!

the future is hard for all of them because they will all be seen with one eye when there are lots and lots of useless projects. but eventually i do believe that good projects will survive and grow.

and as we can see, currently it is time for getting dumped ;D

There are still some good deals on altcoins all around, I'm still adding some more expecting some nice profits before the end of the month.

I'm not sure whether Ethereum is considered to be an altcoin. If it is, then I do not think that your statements apply to all altcoins. The list of members in the Enterprise Ethereum Alliance is impressive I must say (https://entethalliance.org/).

the same old pump and dumps.
i have pulled out of all my altcoin positions and sold all but 2 coins (LTC and GBYTE) i will hold these two to the grave :D
what i will do is to watch the prices and watch bitcoin price closely. as soon as bitcoin stabilized and i saw the alts recover i will invest back in. there is good profit to be made from this.

not seeing the need or potential or usage,... and lots of other things doesn't mean you can't make a good profit from them though.
heck i always bash ethereum but i have made a lot of profit from its pumps.

Altcoins are just hurting because everyone is trying to hold bitcoin right now. They will bounce back once everyone sells out their bitcoin and tries to get their alt holdings back.

Possible trend reversal on october 26th? or november?

According to these guys, the altcoins drop in price is not dictated by bitcoin-connected allocation of funds:
http://thecryptosyndicate.com/opinion-bittrex-anomaly/

According to them, only the coins traded on bittrex plunged after being dumped in the same time.

A lot of people are converting their altcoins to bitcoins for the upcoming fork. They are expecting an airdrop just like last time, so they are trying to maximize the amount of free coins they could get.

Alts should be pretty attractive for entry right around the fork as they should bounce back hard.

Right now the alts are mostly at a decent discount because of both major forks, it's not just Bitcoin. Ethereum has Byzantium coming and the two for Bitcoin's SegWit2x.

As Dick Clark said: "Out of all this chaos there is profit to be made". I'd also add "if you're smart about it".

And sorry I disagree too. I don't have anything against some altcoins and if you look at my statement very well, I did not say all altcoins, but most altcoins and if you are a trader, you will know this already. However, saying some of this altcoins will dethrone bitcoin, you might need to think very deeply and look at the marketcap, the advantage of being a first mover, and the huge support. If they want to dethrone, they should be my guest as time will definitely tell if they are capable or not, but right now, not a chance!


Firstly, since you were not sure, Ethereum is an altcoin, so I am glad you are sure now. Also, I did not in my statement mention 'ALL ALTCOINS' anywhere. Ethereum is an innovative altcoin but if you visit coinmarketcap.com today, you will understand how big the ocean is, filled with multiple of altcoins, for you to hardly point out what MOST of them are good for except for being pumped.

Converting for fork is strange, that is thinking that the forked coin will be valuable.
Then again, i am on for anything that makes bitcoin green.
All altcoins red, but Litecoin is suddenly cool again https://www.coingecko.com/en

Many are selling their alts holdings for btc, for the fork, the other oddity is the bittrex multi market dumps we have just seen. So re-adjustment of price will occur after fork, now is the time to stock up on some alts  8)

This statement is sadly very true.  Most altcoins are pumps and dumps.  Not all of course, and those good ones out there, are really good ones.  But, most probably aren't.  I feel like you can hold BTC long term and make out, but holding the lesser known coins long term is probably more risky.  Just my opinion of course.

I agree with nl247, there are only a handful of alts that are actually valuable right now. Most altcoins are tradeable shares in businessplans that barely have an actual working product. Eth, Neo, Sonm, ... are all good, but I can tell you right now in 5 to 10 years we'll see a lot of coins disappear forever

In fact, the altcoin does not lose too much value. And it only happens temporarily, and a short time later, they will return when the value of the bitcoin stabilizes. The sudden increase in bitcoin caused the volume to drop, so the value of altcoin decreased. It is only temporary.

I suspect that alt-coins are plunging is people are trying to get hold of bitcoin before the upcoming fork, I believe that is also the reason for the current price spike in BTC

bitcoin rising - alts dumping
bitcoin dumping - alts dumping
bitcoin steady - alts mooning
But I don't agree that all alts are useless. Many of them are just pretty specific

It is both a matter of fact as well as a question of fear, but there are causes as to why this happens:
1. Whales can't let everything go green because when something (Bitcoins) is gaining, something (alts) has to lose.
2. They take out their money off alts and sell BTC for fiat because they might have their stops there and that's why we also see fluctuations during pumps.
3. Altcoins are not losing but they also gain with time once BTC stabilizes because these same alts become worth many times once they start gaining in BTC and BTC gets steady at a price in fiat. This is a good chance but TBH, we should wait for even more dumps because fork is in the way and some more blood bath might be on the road.

Gotta wait for bitcoin to move sideways again before going into any alt coins atm.
Then the alt coins will rebound stronger than ever.
At the moment we are on wave 5 of the bitcoin rise, and until we are in the clear of that, we wont see alts returning to their prices till back to 5k

I converted my btc into alts a few days ago, should have waited a lot longer. I have a feeling that the btc price will continue to rise until the fork. I refuse to buy it though, waiting for the post fork dump  ::)

Just remember this, Bitcoin increasing is great for altcoins. A bunch of money pours into BTC, then once the price settles, people reallocate that money to altcoins. Rarely do people cash out of BTC and then pull money out of crypto forever. It seems that once money is in crypto, it stays there or at least if it leaves, it's temporary.

TLDR: Money will pour back into altcoins after this BTC pump.

Perfect time to buy alts right now when they're at the lowest  ;D

This time bitcoin is the big star. No altcoin can match its success in rising in price while always being the champion. Bitcoin came out as a winner from the ICO bubble that's currently on its final days.

last days? bubble?¿? i will see this post 7 years later.. in 2025 and laugh a lot..

Altcoins go down more than would have thought. Some say that they will get back on track as soon as Bitcoin stabilize, but I start to lose hope :(

actually it is an old formula where bitcoin rises then altcoins will plunge, this is the right time for traders to stock some promising altcoins.

true, theres stupidity in numbers, which is why so many of them still try to catch the bitcointrain. Not saying bitcoin won't reach 10K some day, but it'll crash to 4K after reaching 6K, causing all that money to flow into fiat and the alts

I think you should buy cheap altcoins now because most bitcoiners sell their alts to buy bitcoin for the upcoming bitcoin gold. Then after dumping gold, the price of alt coin will pump up again

Mostly people holding altcoins for a couple of months now sell their coins and take loss then buy bitcoin because of the recent uprise of its price. So basically one of the reasons why it is also plunging, but eventually when bitcoins price drops down or stay stead after the fork they'll for sure buy again altcoins back.

I'm planning on waiting until at least after the hardfork before buying more alts, I think towards the end of the year and start of next we will see the good alt projects move up a lot again.

the fork really affecting traders to make the rush buying more btc in order to have free money, so its better to wait till the fork ends to see what quality
alts will bounce back big, we are just repeating what happen already and we need to be more intelligence in order to gain out from this investment, alts
will bounce back its only relying with the time.

That is most definite. But how long or how far to their previous state is what we do not know.
Maybe after the fork though, we might see some pretty big pumps for most of them, however, you should take note that most of these altcoins had a drastic bearish trend that would really take them time to recover.

The best time to buy alts will be the 24th, and the best time to sell your BTC into fiat immediately on the 26th.

Hopefully the price of all the altcoins will be decent enough for people to purchase an make what they gotta make so they can invest in coins that have a small value on it.

yes it's going to be another rollercoaster ride.. Got some BTC sidelined for cheap entry into moar Alts ;)

All indicators show oversold zones and this levels are best to buy big amounts. Do your homework and find undervalued alts before hard fork.

I agree with this statement also that most people are trying to convert their altcoin to bitcoin because their a number of altcoin whose rate and life are going down due to which many people are trying to convert their altcoin to bitcoin. But still there are good coins of altcoin which are most favorite of many people.

I agree, let's do our homework because there are a lot of undervalued coins around this time which is before the fork. It's good to buy altcoins around this time too.

Many people are trying to convert their alt coin to bitcoin because a lot of altcoins are become dump and pump while some are still goods but the most biggest and interested are bitcoins and in future bitcoin will become more interested.

yes it terms of bitcoin price of every alts is dropping but price in terms of USD is quite stable which is actually good sign for alts.
Buying more alts with whatever bitcoin you will have before fork could be the right decision because price of every alts will recover faster after the fork.

Bitcoin has made a great place in people's minds and hearts and now one else can take its place altcoin is also increasing its popularity very quickly but Bitcoin has already made its root in digital world and altcoin is still like a newbie.

I think in coming future there will be only trades of bitcoin and other currency trade will stop and altcoin will also be included in it as bitcoin is used by many people and has a stable value or place in digital world but it not the case with altcoin as people are just buying and selling it or converting it to bitcoin and than using it so its popularity is overthrown by bitcoin and no many people know about it as many people know bitcoin and trust it.

maybe its time for massive correction in alts, market is becoming overwhelming and its not like in crazy months of may/june when alts rised when btc went down...now most alts coming down either way with few exepctions...

on the contrary, bitcoin has the first movers advantage but thats basically it. Coins like NEM are cheaper, faster and lighter, so it's actually more reasonable to assume the alts will get used the most in day to day life, where bitcoin will become a hedge. bitcoin also can't magically start doing what these other coins are doing, because its just not built that way. the platforms built around the coins, like SONM for example, can't suddenly start using bitcoin instead.

Alts will start to recover fast when there will be large dumps in bitcoin's price in next few weeks after next hardfork on november. I will be buying more alts just after the fork as their price against bitcoin gonna rise when bitcoin will be dumped after fork.