Bitcoin Forum

What do you guys think? Money from alts is all flowing into Bitcoin, I'm guessing as part of futures market hype. How long will it take to stop being bag holders this time?

until 10th  december...

What's happening on Dec 10?

It might be true that the money from altcoins is flowing towards bitcoin since the price of Bitcoin has increased massively within a couple of days bleeding out most of the altcoins. Altcoins have dropped approximately 20% in their prices. The surge in Bitcoin's price may be due to many reasons. The futures market opening on December 10 might have boosted the market trend. Investors from the wall street investing into Bitcoin might be another reason for the sudden surge as they would be investing big bucks. Altcoins will be having a tough time until Bitcoin spike high. It will take them a while to recover in their prices.

I read some where that there will be 3 Bitcoin forks scheduled this month with Bitcoin God included. If that news is true then we might see an extended time of alts prices going down because alt holders would like to capitalize in the Bitcoins continued bull run and the possibility for an air drop.

It is always the same, when bitcoin is going up, everybody stops investing in altcoins and they all switch their money to bitcoin to do not miss that rally.

Are you new in this or you dont understand how trading works? If you see that the price went from $500 to $600, wouldn't you invest in bitcoin to make more profits hoping to see the price going to $700?

This wont stop for now, so try to be more pacient and try to re-buy all those altcoins that you want once that this rally is over.

It seems like it will never end. But I feel that people started to scare of this rise and if btc falls, all people want to exit and crash will be very big.

I think Bitcoin forks won't affect the network and prices much as it has been a habit recently to fork Bitcoin to get rich and more and more people got to used to it. Forks won't divide the community instead it will filter out the jerks from the main project. Anyway enjoy forks as a free airdrops.

I guess after all the btc hard fork is done, as many people throw alt just to buy bitcoin and just to get airdrop. Maybe mid next year alt can recover the price.

I rekon either March 2018 or 100 days after that

https://www.tradingview.com/x/4wiNqL6h/

after each altcoins found the bottom,
and i think strong community will try to recover it, so choose altcoins will strong community and active development too  ;)

I have also read this, but I am not sure that these forks will be "accepted". I haven't seen any news from wallets or exchanges with communication about these upcoming forks...

Perhaps Q1 of next year there will be a recovery but I wouldn't get my hopes up. With all the mainstream focus squarely on bitcoin it wouldn't surprise me in the dominance reached 70-80% in the next few months. If that happens alts will get squished out and most will sell at a loss. Either plan to hodl for the whole winter or sell when things get bad you don't have much options right now.

Alts will rise instantly when Bitcoin stops rising. There is no profit in holding Bitcoin that does not move up so everyone will jump to buy dirt cheap alts.

Futures trading starts on the CBOE on Monday 11th December. And futures trading on the CME starts on December 18th.

There is a feeling that the banks and hedge funds will start shorting in order to make the BTC price go down. Money may then rotate into alts.

Hello. Who knows? I was surprised by this bitcoin run, i thought the altcoins would rise more. Maybe it rises because of all the new users at coinbase who buy bitcoin, or because of bitcoin futures. I hope the money will flow back into the alts

Cheers

Until the bitcoin will stop the bullish and meet the bearish trend asap. The more money will fly to the bitcoin at this time. How the market is massively created big hype with no fundamental aspects.
It looks strange to me but remembers crypto is a market of speculation.

As soon as bitcoin starts decreasing, it will happen in just matter of days, it will not take so longer until we see a drop of $3000 or $4000

Maybe we are never going to see that drop, but i dont know, everything is possible in here.

But if you are talking about crappy altcoins, then forget about that, because there is no way that crappy coins can recover from this dump.

Bitcoin has fucked all the altcoins on the market, most of them could not follow the btc pattern and they are -50% on their btc price.

As long as bitcoin continues this bull trend, altcoins will be left in the dust. Best time to buy some long term alts.


I am one of them scared of this hike. But i am not expecting it to crash,  maybe a small drop followed by a very long sideway movement. That will be the time that altcoins will recover their price or start a bull trend.

This is a great info but we dont know what will happen on dec 10 or 11 and the result might be in reversal. for safety it is best to sell bitcoin if we saw a price downtrend confirmations.

With this price bitcoin is becoming totally useless. It will cost 100 dollars just to make single transfer while the whole altmarket goes down. This is not good for anybody, its just batshit crazy.

I think it could be a while, I actually don't see bitcoin slowing for a while, probably not before the new year I don't think, I hope I am wrong but I think bitcoin has gone full rocket mode now and there's no pulling it back.

I think altcoin will be back in time in a few weeks, because I think many people will sell their bitcoin by the end of the year and will switch to altcoin.

The problem with altcoins is that it is that the best time for altcoins is when bitoin goes sideways.
With the current bull run of bitcoin it is most likeley that either it continues or there will be a correction.
So maybe after a bitcoin correction there might be a good time to enter alts.

I've been thinking long and hard about this and trying to consolidate everyone's opinion into a workable conclusion and I think alyssa85 is making a good call:


The introduction of BTC Futures makes it very, very attractive to short once it hits the exchanges. Think of it yourself: give the the option to short or long something that has doubled on itself in a month and doesn't even function as aptly as many other projects within that sphere, what would you do? I think you either have to be balls-to-the-walls crazy, delusional or a hardcore BTC fanboy/girl to go long on it. I also think I you have to be retarded (I don't mean to offend anyone) to get into crypto and ignore the other projects that clearly have broader use cases and better functionality than BTC.

Yesterday I sent a transaction of ARK from BitTrex to my desktop wallet and it took about half a minute, probably less. All I know is when I went to load up and check my desktop wallet after sending the funds they were there.

Yesterday there was a point where 180000 transaction were stuck in limbo.

And what do you think big business thinks of this? Do you honestly think they're so clueless as to miss the fact that BTC is obviously overvalued? Do we see companies like IBM, Microsoft, Samsung, Santander etc. trying to form partnerships with the BTC Core development team?

BTC isn't going anywhere in my opinion, but as another user in this thread said, it's batshit crazy that it commands such a high proportion of the total crypto marketcap. I don't think we as a collective are stupid or impotent enough to let or allow BTC to remain where it is at the moment and I think people will wake up to this. People turning their attention away from BTC could be the best thing to happen to it.

Anyway, I don't know when the BTC frenzy will die down, but I would be extremely cautious going long on BTC post exchange release. If you have the capital and you have a good idea of what altcoins are going to go the length then I suggest scaling into your preferred altcoins while they're cheap.

I think the altcoin party will come sooner than people may think. I hope bitcoin price will not move much for a few weeks so altcoin can price peacefully. In my opinion, bitcoin is reaching its limit and it will stabilize around 15 000 usd dollar. Let's see if I am right this time !

I think it is a new set of money entering the space, and sincemost of these people only heard about BTC they started buying up BTC, expect the flow of money from BTC to Altcoins towords the next quarter of next year

Altcoins will recover very quickly and the bull run of Bitcoin will soon come to an end. Mostly a normal person knows only about Bitcoin and when prize rises large numbers of people started investing in it.

Going to be looking at next year now i think, this run has really took it out of alts. They got destroyed in the 2nd half of the year and it was all a ploy to get extra money from alts in to bitcoin.

It's now the time to collect more alts and as well as holding them for the mean time, altcoins can still have chances for growth since btc is too expensive now and altsbare good alternative.

I hope soon this will be fixed because it really affected the whole transaction of crypto especially ether. Many users are now getting to get frustrated as the transaction until now is not yet solved. Are they really manipulating the market due to this future market which will be launching on the said date?.

This is the part of natural process. When bitcoin rises most of investors dump their alt coins and buy bitcoin with it to benefit from that unsual rise bitcoin's having. Tho this is kinda a cyle and soon bitcoin's rise will end and it will start losing value then all investors will go back to alt coins. That means alt coins will recover and be precious again.

This is difficult to say, but most likely the altcoins are starting to "stabilize" again when the price of BTC stabilizes (we have a few exceptions that have not suffered so much from this fall), this is because the altcoins are derived from BTC / ETH.

I believe that after this end-of-the-year hype he should stop at a 20k or 30k and stay there for a while, when that happens all altcoins will go back up, in the mean time the good and buy the maximum he can for after the return to normal if they sell.