Bitcoin Forum

Price of altcoins is dropping, nearly 85% of altcoins suffer from the recent bitcoin boom because most people exchange their coins for bitcoins.
What is your thought on this matter?  

Price relative to what ? Relative to USD many alts rose along with Bitcoin simply by holding their ALT:BTC price.

Bitcoin as it lifts capitalisation lifts the value of the entire crypto market then once the rise stabalises that new Bitcoin money seems to help the ALTs

If it was draining the ALTs they'd be drained dry by now, BTC has had a good past 12 months added more market cap this year than the entire ALT market value in Jan 2017 probably.

Well there is no suprise about this, the cryptocurrency market is all centered around the big one, every one is working to get bitcoin because in people's eyes bitcoin is the only successfull coin, poeple only started to use altcoins just when mining bitcoin started becoming more and more difficult, so mining other altcoin with a less difficulty than bitcoin with a much lower coast machines is much profitable than dierectly mining bitcoin, and of course they do all this just to be able to exchange it to bitcoin so they can get even more profit, because everyone knows that altcoins are very unpredictibale and could crash at any time because they have a much smaller user base than bitcoin.

Just hodl and hope for the best

Don't panic is my strategy. ) I strongly believe in altcoins  in me portfolio. They will grow a lot. So I'm going to be patient

hope not always be the best option here, But that's could be work if you are investor not trader, so after all you need to decide what you want to be, investor ( person whose buy asset to get dividend and does not care about price gap)  or trader ( person whose buy/see asset depend on price gap)

I  think a lot of Altcoins will stay burned because of their competition with bitcoin. Many alts are looking to take Bitcoins place by either trying minor improvements or just being faster. People with strong hands and patience will see alts recover for sure over time, the question is how long it will take with this extremely bullish Bitcoin!

that is a common thing to happen in altcoin market. everyone knows it and those who don't already will learn it slowly as they get more acquainted with altcoins. everyone wants more bitcoin in their pockets which is why they dump altcoins and the panic of a price drop in altcoins makes the dump even worse.

now that you know it already, try to use it to your advantage.
how? you can simple sell the altcoins you have before everyone else does to save up your funds then wait for them to get dumped properly and then buy at the bottom. wait a short time for them to recover (aka dead cat bounce) then dump again for another profit.

this is true. because many people are looking for altcoin to exchange with bitcoin

In my opinion, there is no need to panic. Such things usually happen on markets. One day all prices go down, other day they rise significantly and so on.
By the way, as I know, two hardforks are going to happen in December. Silver Bitcoin and Super Bitcoins. Maybe because of that people move from altcoins to BTC to gain hardfork benefits.
I will still hold altcoins and wait for long term profit in future. So, I am not going to panic - I am going to buy altcoins for cheap;)

It is just a normal cycle, every pump leads to correction. When bitcoin will pump, altcoin will get dumped but when alts will start pumping bitcoin price will be dumped. I have seen this many times before, money keep moving between alts and bitcoin.

When the correction happened, then everything will go to normal and people will sell their bitcoin and buy altcoins again.

in current situation is favour in Bitcoin. Because many companies are invest in Bitcoin security. This is one most trusty cryptocurrency. So it will raise continuously in digital market. But many altcoins are created in current market. These altcoins not valuable in digital market. This is the main reason to reduce the value and many miners are not interest to transact in altcoins

Yeah many investors are selling their altcoins to buy bitcoin because of huge price increasing in the short period of time.But there are making huge mistake by doing like this because in some years the bitcoin will be very expensive so the price of altcoins will rise so it will give us good profits than bitcoin so I am holding my ethereum and litecoin.

Can't say really, it makes sense at first, but then if people really are selling off their alts for Bitcoin, wouldn't Bitcoin just be getting stronger? Now every crypto in general is in decline, so I think there's just a moment of equilibrium here. My guess is that sell offs combined with people rushing in for good value altbuys is together pushing Bitcoin back down from its ATH. No worries though, if you're an alt holder, this time shall pass. Just hold, buy in where and when comfortable, and keep the eyes on the ball.

Exactly my thoughts. Now the majority of the news and "new investors" are sharing one common theme: it is too high in the bubble now to get into Bitcoin, wait a little while. Instead, alt projects and media promoting new alts are taking advantage of this situation and presenting their alts as the next valuable goldmine.

It is like a lottery you said, except with lotteries you generally only spend a few dollars and hope for a few million. Here, people are investing life savings hoping to make 100x bank. That is the danger.

this is a big issue in my opinion because the bitcointalk members of this forum will find it difficult to earn income because of this problem and I hope this kind of event will not last long.

No man, That's just another panic sell and you must never feel worry about that. As you can see the crypto already back again to the moon. Majority of the coins in the crypto space get another green candle in this time.
As long as there will be a lot of people are still using the bitcoin and that will be fine.

a lot of new money come to Bitcoin,, just look at the Marketcap its increasing!
few coins become red because of bitcoin, but few coins is survice even increasing  ;)

After bitcoin stabilizes (as far as bitcoin price can be stabile) things will return back to "normal" again, they always do.

Most of the Alts will not survive for long, Bitcoin can receive almost all implementations that are the great asset of these coins, and if that happens it ends up with 99% of the alts.

In a few years I've seen no more than 20 coins having relevance and real utility.

it is a natural thing for me, when bitcoin up tends altcoin keeps down. even the end of this when bitcoin down then altcoin also come down so it makes me feel confused.

People who are used and felt more secured of keeping bitcoin will easily convert their altcoins into bitcoins . Those who are afraid to take a risk are mostly those people who easily give up their altcoins. And the fact that bitcoin is more popular and its value now is increasing which attracts more investors to hold more bitcoins rather than altcoins.

You don't have to worry about that. It is common situation, the price need natural adjustment. Soon the price altcoin will follow bitcoin. I had experiece in eth. The price of eth 287 but now 448 USD. That is a big jump. Don't worry about that, everyting is OK.

This is just a common situation and it is natural for the flunctuation of prices. It is even healthy because it pumps and dumps, unlike other coins that are stucked in their prices and others even dump more.

Nothing new. Bitcoin rise - altcoins going down, bitcoin down - alts going down more. And only when bitcoin going flat -  alts start woke up.

So, not me alone noticed this. Altcoins need time to get out of the shadow of their father

They have long been unable to get out. Only the strongest remain. Bitcoin becomes very strong and people prefer to invest only in bitcoin. I think it kills alternative coins

Please do not forget that, all cryptocurrencies have fluctuate price curves. This situation is their nature. I think many of them will recover.

Dude , the price of altcoins in bitcoin is down since one year already. Nothing new to be honest because only the price in $ it's been affected so this is a huge importance for me. Right now , I'm busy with some ICO's because I have waited them a long time.

Yes it is true most altcoins now are totally draining, their value was totally dumped because of the arising value of bitcoin. And that is not a surprise anyway, its very normal in this field of industry. But I do believed that some of them will still be recover when 2018 come's up for sure so better to buy it now of some the altcoins then hold in a long term, we don't know what will happen next by next year.

I think those that sell their tokens during this BTC rally will also likely chase the ALtcoin prices when the ALtcoin rally starts, we all know that money first flow into Bitcoins then Altcoins, it is not only the ALtcoins that is affected the ICO madness also has been affected no more stupid way of raising fund

I'm sure this trend will come to an end soon. The crypto is not the money world Bitcoin. Especially with the increase of the prices of Ethereum and Waves, the prices of altcoins will also change.

I think that in the near future the market should turn around and the altcoins should start to grow

When you look at the rapidly changing stock chart - there is no time for thoughts, but there is only a place for conditional reflexes of panic living or panic buying.

Sure there will be stabilization in the crypto economics
Altcoin will sure rise soon.

I agree with you with you, if you bought some altcoins a few months ago, you might possibly be experiencing a loss currently even if the altcoin is possibly currently trading at more than the value that you bought it for. I have experienced it, and currently experiencing it. The value of bitcoin has skyrocketed in the past few weeks and possibly leaves some altcoins worthless.

Bitcoin price can't keep increasing with this rhythm forever. When correction comes, legit altcoins will rise.

What we have experienced in the past months is quite the opposite. When Bitcoin price fall, all the altcoins fall too.

In the future some of these altcoins from recent ICOs HAVE to be able to rise consistently in value over time. I can see dumping altcoins that had hype, but no real long term sustainable value, but some of these projects look very promising and over time the cream will rise to the top. It might take a few years, but this pattern won't always be so common.

 
I think this is only a temporary set up because the price of bitcoin is soaring right now. It holds true that bitcoin may affect altcoins negatively, but it won't die for the reason that altcoins is the main agent that gives flavor to the bitcoin market. There will come a time that alts would adjust with the movement and trend of bitcoin.

The market happens in cycles. Right now bitcoin is getting all the attention but it shoudn't last long. We'll see altcoins having their time to shine in the near future, don't worry about it (i think Q1 2018 will be great for alts, with many products set to be released).

That is obviously the right strategy for anyone who is holding anyway. As long as you are not doing short term trading, I really do not see any reason to be bothered about the rise and fall of the market.

Short term traders already always know better when to always get out from a trade so they do not lose and that is why we see those huge volatility and reds in the market sometimes. In the long run, the present value will get past what it is, and then those holding now can leave the worries to those coming later on to buy in the future.

There is always the moment for altcoins, the moment of price to increase. Yes bitcoin is most getting attention by many users with the value that we could earn big. So we should wait for the market of altcoins to swing up.

In the scheme should have been when an increase in the price of Bitcoin then Altcoin price has decreased, but this time we have seen it otherwise. Altcoin prices get positive sentiments when Bitcoin price increases. This is a very good thing of course, altcoin positions like today should continue to be utilized. Maybe for most people then this is an advantage, we should be able to take momentum and I do not think to wait too long because it can make us lose positive momentum. we all do not know how things are going forward, it could be that circumstances will not take our side. So take this opportunity and do not waste any opportunities.

Bitcoin growth will be massive next year and many alts will become useless. My advice is know the alts you are currently buying but have Moscow your money in bitcoin, it will do wonders.

I think partly it does, especially now that the price of bitcoin is going up in a very unbelievable pace. But I don't think that altcoins will die because it serves as a deterent for bitcoin in the market, and it actually gives the market more action.

I am speechless most of my holdings lost more than 70% in recent bitcoin rise now I am thinking to keep or sell for usdt otherwise will do token swap in coss platform.But for relaxation while compare to usd loss is very less

The price of altcoins kind of depend on the price of bitcoin, look at ethereum lately, its price actually grew with respect to the growth of bitcoin.

I think this is a natural thing ... I think a lot of people who strongly believe in altcoins in my portfolio. and they will surely grow even more.

People who bought alternative coins a few months ago now suffer heavy losses. Bitcoin does not give a chance to altcoins for growth. If this continues, then the coins will die

Not necessarily because based on my analysis some alternative coins are also increasing its price along with bitcoin it's like these when bitcoin rose to popularity they also allow the introduction of alternate coins in the mass media.

Don't hope that altcoins are going to survive. Bitcoin is getting all profit on its side.
There is no chance as nasdaq news published. Now its time to get 1 satoshi = 1 Cent

Currently bitcoin run should be fueled by the CME futures news. They will officially start trading the 18DEC

If other currencies like ETH or LTC will get their financial products as well, we should see a good run for them too

although bitcoin is at the top, altcoin is trying to stand up and getting in the line. its because of the increasing demand of the company represented by the ALTCOINS. most likely they launch or brought out new updates about their company thats why the altcoins are pumping.

This is natural because as we can see now in the market trend that BTC value is fast increasing compare to altcoin in which this will result to attract many altcoin holders to give up their coins for BTC to be onboard of the rapid price increase. If only altcoins is widely accepted in local exchanges i think many will continue to hoard it because as of now we need BTC for fiat.

This is not entirely true, I have seen that in the whole the value in $ of most alts is kind of rising as well, even though not as spectacular as Bitcoin.

If you look at the bitcoin-altcoin price ratio, then many alts have fallen in price. If you look at the dollar-altcoin price ratio, many altcoins have grown in price. I have always counted by 1 ratio. And of course, I'm a little upset by the current situation. :-[

This is not a surprise for everyone. Bitcoin is the best coins for now and there is a trade off for this. Small coins will be drained and affected by this.

Of course,  Bitcoin is the Giant of Cryptocurrency.

Not all altcoin tho. BCH or LTC or ETH and few top crypto coin enjoy some raise thanks to Bitcoin.

I think the bitcoin pumps because of the bitcoin fork since October. A lot of panic traders are buying bitcoin or selling other altcoins to hold btc for receiving forked coins.

But now, almost do not grow other coins except bitcoin. Well, a couple of violas of the top 10. Everyone else in the hallway are moving sideways or falling. Some fall to the cue ball has more than half a year. And it is not clear when the altcoins market will return to growth

You might say that but a lot of them are worth more even after price crashed. It would not be possible if btc didnt reach where it is now. Is it dominating? Yes but think of people its pulling towards cryptocurrency. Recent statistic shows that youngsters are more likely to invest in crypto than their old counterparts. I thinks thats good news for everyone.

Their markets are linked to btc. While bitcoin rises, their price should decrease as a result. This will never stop unless we have a EUR based market. The pressure will stay on all the altcoins in the market.

   I might say that your comment is the best from all others! Who
ever follow price charts will notice that in dollars almost all alt-coins
are going up with bitcoin price. In bitcoin price almost all alt-coins
are losing value, but some of them rising in bitcoins too. I noticed
that Dash is gaining value and yesterday IOTA, Waves, and few
others, it would be too much to mention all others.
   This bitcoin rise made many people to transfer funds into bitcoins,
that is why demand is high and price is rising. I believe that alt-coins
are here to stay and money will come back when bitcoin keep some
steady price.

Whenever bitcoin is rising the only fate of other altcoins is to drastically drop since people who were investing in them will instantly sell their funds in order to be on the train of those who aim to get profit from bitcoin . And such events will be more often from now on and other altcoins could totally disappear if bitcoin keeps this growing rhythm .

I always say that BTC is KING that's why 50% of the total marketcap belongs to it.
But i won't be worried about alts...the market has different peaks and this is normal.
I am preetty enough sure that soon we will have another bull market for most of altcoins.  ;)

does altcoin still have hope in 2018? and how is the prediction of eth price next january month? I speak because there are some eth that I keep in the exchanger, is it time to sell et because of the bitcoin movement?

You should re-check what you just said. I don't see any alt coin going down at the movement. If they were then I wold have been getting more of them.


The price is not completely related with the bitcoin actually as it has to be either direct investment into it or something better than that. Altcoin are actually pumping hard at this movement and I can see how top 10 coins have already gotten +10% mark hit by today only.


There might be random fluctuation though because they are not getting invested in straight way. I mean people are first investing into bitcoin and then they are getting the investment done into alt coins. So thats why you might be thinking its draining. Its not, its just taking time to reflect the 24 hours volume. :-)

I think the current altcoin price is not decreasing, even now the price of altcoin has stabilized from before. if more people leave altcoin and go for bitcoin, i guess that's no problem, because i'm sure altcoin like eth, waves, ltc, will still go forward. for myself it is better to use many types of coin than just 1 holding a coin.

Do not worry. This is the usual situation, there has always been an adjustment. Soon the price of altcoin will grow 10 times. I had experience in 2014. There was a lot of growth. 8)

Bitcoin is working with all the coins that actually have a working system implemented into it. If they keep strong then the price will get back to normal.

as it is gold for fiat currencies also bitcoin is the reserve currency for every other altcoin. When there is a volatile in its price it automatically affects the others but as I see all the altcoins rose up parallel with btc. It is not draining.

The rising trend of altcoins is always the opposite of the trend of BTC. Only when the BTC stops rising, altcoins will start to rise, so I always pray that BTC will not go up too fast.

I have the same situation, many altcoins are now in a deep drawdown. But to sell now is illogical. It only remains to wait for the altcoins will adapt to the market and will start to regain their lost positions.

This is just the normal thing that is usually expected in the crypto market. Most traders think the same way and with this expectancy, Alts usually gets dumped once the big guy is correcting.

It does not last anyway, because once the correction is over, they usually get back up and then we start seeing greens like we are seeing presently now. Traders are here for profit and their actions do have a lot of effect on the market as we cannot all be HODLERS

After such huge rally bitcoin will go on correction, and maybe then will be a good time for altcoins.  Just be patient and wait for a good opportunity

We might be actually n a bubble and will realize it after it pops. Most of the alts, lets say about 85% will not even exist after 1 year, only alts with stron fa would continue to exist and their value might also go down a lot as they might be overvalued right now.

I hope that when BTC correction will happen every altcoin should raise due to the hedging of investors money. Don't you think so?

Actually both bitcoins and altcoins are different concepts as Bitcoins increases at very fast rate whereas altcoins and not so fast in increasing its value but it goes on increase at very slow rate in case of altcoins but the increase is definate.

As the btc price is rising daily the altcoin price is also increasing high. And to be honest only the coins that will have an requirement in next couple of years will survive the phase rest will wash out in coming time as due to too many coins being in the market. Also if the btc price falls nearly altcoin would correct by 30 - 40% quickly and can be bought at discount at those times.

You're right.! Don't worry guys everything will back to normal.

Right now , you're right , bitcoin is draining alts from value but this is something normal  , nothing unusual. Also , I heard that an alt train will leave soon the staion , whohooo.

yes, in future bitcoin and top altcoins will destroy others altcoins  .

 if your altcoin crash start sell it now

I highly doubt that, we will see a crash across the board. BTC goes down big time, Alts go down big time. The only reason for this is that people will cash to tether and buy the massive dip of BTC

Here people will say that almost all altcoins are independent crypto. In reality these coins depend much on Bitcoin price. Bitcoin always affects on the cost of alts, but it is absolutely impossible to foresee exactly how BTC does it.

Altcoins will bounce back as they always do, we should look on these times as a great opportunity to pick up cheap altcoins ready for when they start upward.

Altcoins will raise before Christmas!

The only way to pump the altcoins is the BTC to stablize its price value,if it goes up or down the alts bleed.

no worries about good alt dont sell hold and you will see the raise soon

Only strongest altcoins can survive when bitcoin goes up. It will end only when capitalisation of all cryptocurrencies grow much more

That statement is true at this moment! Altcoins are falling in the value and the market cap of all the altcoins is getting lower. Bitcoin is destroying coins that cant compete with it. People holding the altcoins are trading them for Bitcoin and that is pumping the Bitcoin price faster. Investors are turning to Bitcoin cause its popularity and security at the moment. Growth will continue for sure but for how long? Only those most patient will gain profit from the altcoins in their portfolio cause this is not the end for the altcoins only their steady phase before the growth.

Looks like there is a bit of truth in what Bogdan said. I haven't seen green in almost all ALTS for a long time now, last 2-3 days is getting way better. Bitcoin is on rising but all ALTs follow this trend too, looks like it will be good Christmas time for accumulating more ICO Tokens is there will be a price correction.

Bitcoin surge in in past days really affect all altcoins price, but I believe it won't get to long for their recovery. Is just a matter of waiting and sacrifice from being down in a moment. I know some altcoins have potentiality for a long term investment and I should keep those coins rather than selling and shifting into bitcoin.

indeed right explosion price bitcoin now make altcoin experience decrease until 50% even 85% but try you check exchange price altcoin to usd they ride, don't only look price alt in bitcoin only but see also usd. maybe this it's time altcoin down again in usd

One of the main reasons for all the altcoins losing value now is that Bitcoin Cash is “Growing”. So everyone is selling the altcoins and buying in Bitcoin Cash. Hence, the statement is true for the moment! Altcoins are falling in the value and the market cap of all the altcoins is getting lower. Bitcoin is destroying coins that are not able to compete with it. People holding the altcoins are trading them for Bitcoin and that is pumping the Bitcoin price faster. Investors are turning to Bitcoin cause its popularity and security at the moment. Only those most patient will gain profit from the altcoins in their portfolio cause this is not the end for the altcoins only their steady phase before the growth. When something goes up it must come back down. So, when Bitcoin Cash will reach its peak and start falling we will see the altcoins gaining value.