Bitcoin Forum

I wonder if yesterday will tell a tale of how the entire year will be for BTC?

It was amazing to see such a huge influx of money into the market and most of the top alts gaining 25-100% while BTC, bch, and Ltc were weak in comparison.

Are people going to start funneling these alt profits into BTC or will the alts slowly take down the king this year?

A few months ago all you had to do was buy BTC and you were making huge profits, no longer the case.

Altcoins have every chance of making it to the top. More and more people are learning about cryptos and with that learning more about altcoins. I'm sure everyone has that dream of finding and believing in that alt coin that could set them up for life. Btc has slowed down in growth but I think that was to be expected with rate that it grew at in a short span of time.

I assume you're a newcomer, no?

Be reminded that bitcoin is up hundreds--if not a thousand--of percent from its original price in January 1st, 2017. Also, price swings don't define a market's health or presence of support. These alts that you're pertaining to were already being tossed and turned wildly even before bitcoin gained too much value. It's just normal: traders raking profits from bitcoin would surely try to see whether they can maximize their profit by looking for other prospective coins to trades, hence altcoins seeing huge gains and dump is just a normal occurrence in the crypto world. While I see the crypto markets being a strong market with huge supporters, bitcoin would still remain there since that is their primary vehicle to acquire these alts anyway.

you seem to be new to this or probably are ignoring the fact that this happens every couple of months :D

every now and then bitcoin price stabilizes and during that period all the money is poured into altcoins. literary every single one of them get pumped when it is their turn to be pumped.
each go up ridiculously, i have see pumps from a tiny 100% to 8000% in altcoins and all of them get dumped to give their place to the next pumping altcoin.

I've found that a lot of the money in the stock market is beginning to flow into the cryptocurrency market, because a lot of my friends are asking me how to invest in cryptocurrency.

To do the beats and talk bitcoin, the BTC fanboys, there is no reason to get snarky, I’m simply putting the idea out there for discussion.

Do you doubt that alts are crushing BTC?

Anyway, let’s revisit this thread on March 1 and see is BTC is still trading sideways.

PS: we are ALL new to crypto and bitcoin.

You are having a point. I too was asking myself what the hell is going on. Do the whales know something we don't? Are they preparing to dump BTC or is is all just a momentary speculation? We will soon discover that...

I think it is just a speculation, I hope so. Although the major coins where weak while others have made 100% increase it doesn't that whales are preparing a dump on bitcoin.

Centralized currencies seem to be en vogue right now. Might be whales, might be a shift of thinking.

Either way I'm highly skeptic, as crypto has a long history of alt coin pumps. Don't mistake the weather for the climate.

Market shifts are real now its not only bitcoin, ethereum and bitcoin cash other crypto currencies are beginning to rise and most of the people are being optimistic when it comes to investing on alternative crypto currencies. 2018 will be a neck to neck battle for the top coin and rising one's. ;D

so far the only thing we had was some altcoin pumps, and there has been nothing "massive" about it if you ask me.


these percentages are not "massive", they are the usual pump percentages that altcons see so often. which again means there is nothing new.

If you trade the stock market, you'll recognize it's quite boring these days due to no volatility thanks to central banks.  I think a small percentage of day traders are starting to come into crypto, and naturally they are trading the cheap coins looking for huge gains.  Overall, it's a good thing to have more participation in the crypto space although day trading is somewhat parasitic in any arena.

I think it would continue this way except drastic measure is taken on the side of bitcoin. The developers have to come up with something that will take care of high cost of processing transactions on bitcoin.

This type of pattern is the norm in the crypto world, I don't think bitcoin will see anything lower than $10k from herein.

There are many alts out there doing some pretty cool things with solid development and support, these are the coins that will do well over the next year or two, that may seem like a long time and for those that are looking to get rich quick it can happen but chances are you will lose if you are in it just for a quick buck, unless you are very lucky.

It's just a normal movement bro, while the BTC is down, altcoins were moving up and that's the reason why you saw such movement and it's not a wonder, look back after sometimes just wait for the rising again of BTc and then analyze them and you will see the trends.
I agree with the previous comment that you might be a noob.

Time will tell my friend, do not ever underestimate Bitcoin. It could start getting some hype and it could go exponential again, who knows right? This is why you have to be careful with your investments and think things through, do good research and make a strategic plan so whatever happens you can stick to your plan and not panic.
Bitcoin dominance has gone down to 32% right now but that could change any minute the chart starts moving up, good luck!

25-100% is not massive when it comes to altcoins. It's relative to the price, if an altcoin is only a few satoshis per coin, say 100, then even a small increase in price reflects a huge increase in percentage. So what more when a whale decides to pump an altcoin? These numbers don't only appear within weeks, or days, they appear within hours. But how would you expect bitcoin, being about $15000 per coin, be pumped to show these numbers?

Bitcoin will still be moving up any moment. But there are changes these days now that people learned about altcoins and XRP shoots up like its promoted by millions who got some stash while banks are on its ways to use them. Maybe XRP is really going to overtake BTC.

It's true that a lot of people have started investing in altcoins pushing their price to all time high but I don't think the game of bitcoin is over yet. Since the bitcoin network is slower than usual due to higher volume of transactions and the fees is also high, people are investing in technically superior coins pushing their price higher. But that's a temporary solution.

Once the lightening network will be implemented, the network will be able to handle transactions more efficiently. The majority of the investment will flow back to bitcoin. We will just have to wait for some more time.

During these times, Patience is the key to success. It is understandable that people are using BTC as a store of value right now and leaping to altcoins to make profit and multiply their BTC, but I think in the end, they would still trade their alts to BTC once they gained enough profit.

I'm not even getting snarky but just stating what is obvious and laid out in front of our eyes. Same scenario already happened months--possibly years ago--and it just keeps on happening and happening again. Wanna know why? It's because of profitability and traders are just switching into something that's profitable at a given time. I've nothing against altcoins' rise, nor have been negative about that. In fact, I have my own holdings of other alts too. I didn't mean to get you feel offended or belittled, it's just that these price swings are too normal on the crypto world to be even surprised about.