Bitcoin Forum

Alts getting a huge pump and bitcoin stagnant after the big CME release. Don’t get it.

It was about time, don't even get it why you're surprised. Future's is very risky and that to playing it with bitcoins is very risky. The rally has to stop now, at least for a bit, it was growing bit to fast and bit to soon. This is just the calm before the storm, if a dip was coming, it's more than welcome and much needed, then only people will be able to buy and it's important it falls, cause after every fall it rises 100 - 1000%.

Hi,

It is actually quite hard to explain.. What I can give you are some hints, some pieces of information that might explain partly what we can see..

First, we are at the end of the year. This means that the bitcoin rises generally speaking. This year, though, the rise was very impressive and particularly chaotic.
Then, there are people betting on other crypto-currencies that bitcoin, to avoid being stuck.
Third, there are some firms (CME and others) trying to make the most of such a strange market.

Finally if you add all this, we can imagine that after huge rises, people tend to be quite reluctant to bet again on bitcoin (because it seems to be "too much") and other crypto are trying to "win" market shares.

That's how I see things. I don't say that it fully explains the situation but at least it makes it logical..  ;)

Wall street getting involved, but some miners are getting more and more into other coins. Right now the standard (normal) fee for a Bitcoin holder to send for example $1000 dollars, is a fee of $20. It is a big fee. But there is worse, to send $100 you need to pay something like $10, yes a fee of 10%, this is hard to sustain.
It has been said many times on this forum but the fees are really getting a serious concern. What is the price reaches 50k USD one day...

People bought bitcoin before CME listing and different forks with high hopes.

When bitcoin futures were listed, people started to put back their profit into altcoin from bitcoin so the only one who is losing from all this hickups is newbie traders.

if you check some history i am sure you will get it.

what bitcoin currently is, is not called "stagnate"! what did you expect? a 100% rise every single day? that is not going to happen in bitcoin. there will be slower rise and between each rise there will be a correction and then continued rise after some consolidation.

as for altcoins, they are getting pumped like always. as i said look at some histories. you can see times like this are pretty common when alts get pumped hard.

Stagnant ? Bitcoin has just gone through small correction after it crossed long waited $20k per coin mark which is quite good for healthy price growth.

Bitcoin price is at constant range that's why traders are now pumping other altcoins to make profit.