Bitcoin Forum

Looked at altcoins and they've started rallying pretty hard all at once, whats the reason for this? Is it because of Bitcoin going sideways for a decent while or some other reason?

It will be difficult to jump to conclusion but what I can say is that people tend to be giving up on Bitcoin for now, the price of BTC has kept the whole market down for weeks and since it seems there are some invisible hands keeping the price down, people will move to new assets and that would be Altcoins

trend reversal ? we do not know about it yet because we can not see any significant movement on Bitcoin.
what i am afraid is,
an altcoin will gets a little pump from this point,afterward the money flows to Bitcoin and another downward movement happens.
not sure we are already bottmed or not,
but from TA perspective,we could go down a little bit deeper from this point.
everything is possible.

I think at the moment we have to look at the market as a whole rather than individual coins. We bounced back twice quite sharply from whole market lows of about $270 billion. Then over the last couple of weeks we have dipped a bit below that. The latest mini-rally has pushed the whole market back up to $270 billion. As far as I'm concerned, this is a sign that this could be a fairly stable minimum. Essentially, again my own perspective, we have been falling for months and now there are the first signs that we've hit solid ground. Once this is more firmly established, we can anticipate the whole market moving upwards again.

This is just silly to think. Give up on Bitcoin and you give up on the whole crypto market. This is again yet another cycle. We see period from last year even where alts rose as Bitcoin fell, but eventually they all get in line behind Bitcoin and rise and fall together with it. Altcoins still struggle for true quality and true value. Bitcoin already has that and is still building on it.

They are following bitcoin's lead. Just check out ETHEREUM. It seems like its almost ready to BURST.

If i were you i'd buy up all the Ethereum i can afford while you can still buy it at around $400. Many speculate it will reach $1200 again.

About what "Rally" are you speaking about?
I see only EOS was pumped for +35% and that's all. Other cryptocurrencies have a very little price movement (1-10%).

I strongly agree with you that we are currently in a fairly stable position and this can be said is a beginning that could mention that there will be an increase in the world of digital currency. Increase only to certain coins will not have a big impact because what we expect is a thorough increase so that it can make a big change in the world of digital currency. For me the increase in price of Altcoin and Bitcoin will be a good momentum to be a new rate and a convincing price standard. The decline that has been happening for months is a worrying thing, but now it looks a good future. Yes we just hope that the current developments can be a good momentum for the advancement of the next digital currency.

One of the awaited moment is indeed the volume of transactions are increasing because with the increasingly improved marketcap then digital currency can be increasingly calculated as a very important thing.

Something tells me that these alts are rallying as a trap.

Basically they want to create a fear of missing out while everybody sells their BTC for the alts.

Then the alts start to dump while BTC makes a bottom and goes to $20k

As you say, if a scenario occurs, it means that the altcoins have come to an end. I do not think I see such a hard move. I think bitcoin will rise fast and big, but this rise may not be healthy. Getting the right position will become very difficult

It might be because Bitcoin was much or less stable for some time and Total Market Cap found good support at 250bn USD (recently it was bouncing from this support for the 3rd time). But I guess it is good to be ready for some major dips after this rally, as people gonna go back for fiat to get some profits...

I think this increase occurs because there is movement of bitcoin and we see average alt also experiencing the same thing. Total market cap also raise and nearly reached 300 billion dollars.

Bitcoin is flying, the bull market is back, and the counterfeit money is going to go up again, and if it doesn't, it's dangerous.

The price of Bitcoin did increase a lot today. We are going to see how high the prices are going to be able to go.

I think this time will break through a height, the traffic of a lot of trade website return again, this is a very good phenomenon, in order to believe, we want to insist that will be better.

The prophecy has come true, except the 20k BTC yet to come. I jinxed it all by making this thread.

BTC makes a bottom in what price ?
i see a lot of people said BTC will go down again to $5000 before jumping,
but i don't believe that predictions

about altcoins price, ,
is this somekind of bullish trap on altcoins movement ?

id be hesitant to get too excited. Im waiting for a little more conformation before I get in

It is not a big rally in current traffic all the coins are follow the Bitcoin way. The main reason of crypto raising is Easter festival is finished in last week so again all the investors are enter into the Crypto investment this is one of the main reason to rallying the altcoins.

This is the time we have been waiting for. The market is showing a good sign of recovering again. Those people who buy some good alts at low price are very happy today.

Relax. Its right that the market is recovering from a big dump. But the market is unpredictable. And we don't know what will happen in the coming days. I hope the market will continue to recover.

I do not know why altcoin prices are down but today all the altcoin are up again. If we have decided to buy them in the past, we now have a profit. I think they will continue to rise. In the near future altcoin prices will explode.

I can't conclude now that Altcoins rally has started until the gains are kept, because what was happening before was that the market will take one step forward and two steps backward, if these gains are kept that means confidence is back in the market. I personally hope this rally is long term

So really, you right market is recovering from the fall. Here it is necessary to wait a bit and after a while we will see how the market will grow rapidly. I keep my altcoins for better times. I think this autumn we will see growth!

not sure is the real rally has begun. This can be a kind of trap too. BTC has to stabilize and stay calm, every day should be rising under 2 digits. I am scared what will happen if btc will do the last correction and end up at 4k's

I hope the bull is back for real but I have a feeling it may be a bull trap, if Bitcoin can break the 9000$ resistance then we will have the same pump like in december

Many people thought that since, the BTC is going sideways, altcoins are booming. But after this sudden BTC growth, I highly doubt that reasoning. Now it feels like that it was a deliberate attempt to pump altcoins in order to extract more BTC out of the altcoins and to dump it when BTC goes bullish. I still feel we are in a bear phase. This sudden growth in price of BTC and every other altcoin can't be justified as there is no reasoning to support it.

What's with the sudden pump of all the coins that's happening today? I read that there are more shirts on Bitcoin in bitfinex and that they may be pumping so that the house wins .Can it be true?

I agree, this can be a trap. Do not rush and invest in Bitcoin, you need to wait 2-3 days, and then make a decision.

i believe this is because of the bitcoin dominance, i think the bullrun will be soon enough just look on the charts of every tokens in the markets. Maybe the big investors are now realizing the potential of this industry so they now begun converting their fiats into cryptos. I believe Bitcoin will still lead the way in order to make all the markets bullish again, Let's just hope for more All time high of all the tokens out there, let the bulls be awaken and the games begin. Good luck on all of us.

After such falls, even 10% is like a breath of air. And bitcoin is no longer so popular due to the number of appeared altcoins which are more effective and better in technology. So we wait when the altcoins will break the whole market and become a new lever of influence.

The increase in market volume was really nice. Bitcoin also increased in other crypto paralas. New investors entering the market brought vitality to the market and the rise in levels came to fruition. In order to achieve this, the market must not lose money and even new investors have to win. Then there is a full recovery and a rising movement.

This looks like a sign that crypto is starting to showing its good side of price movements, and it still has a tendency towards a higher direction till now. Well for those of us who want to invest/in holding, this is really a good sign, Bitcoin being the leader and everything is following. I think it has something related to the latest news.

This is because bitcoin jumped a lot in approximately half an hour. The reason behind this buying is unknown but there are many speculation about it causing prices to rise.

I do not agree with you. Bitcoin still will be choose for many people, and still be much better than all altcoins. People choosing altcoins because are cheaper than btc, maybe it is a reason

The market is now full of green candles. I'm hoping that we can sustain that trend and make a good rally. I think this is the effect if the price of bitcoin goes higher as the altcoins will follow to go up.

This may be the beginning of a good upward movement, so if you haven't purchased more cryptocurrencies yet, do it now.

well after an hours posting this,altcoins now are working great together with bitcoin ofcourse..and upon observation when the bitcoin strongly hold $8000 the alts continuing to rose and making their own growth so i guess this is the start of the beginning of recovery guys,lets hold and wait for the ride of our life in 2018

We have not seen such an upward movement for a long time. I am very happy right now, my motivation is up and I want to invest again :) we really need this movement!
Now we should wait till see 10k dollars for bitcoin

What makes you think peoples are giving up on Bitcoin?

Ups & downs are common in crypto world and that is also called trading. Yesterday Bitcoin price increased by $1k in just 30 minutes.
In this case you can say crypto is very volatile. But giving up bitcoin is not appropriate to say at all because it's a false claim in my opinion.

I also think that after a while the altoquin will dominate the market, and the bitcoin will go to the bottom plan. The growth we see today is certainly good, but I'm not sure that this growth can continue. The market is a very unpredictable thing, so you need to suffer a bit to make a profit.

Almost Every altcoin lost a lot in the last crash, for example ethereum lost more than 1000 dollars, so now it's  likely that it will recover and have a new run, maybe even more than btc

When a downgrade bitcoin penny for several weeks can cause damage to the investor. And they have the option to choose another coin worth investing to be Altcoin. They will look for a new property for themselves. But I think people keep learning, bitcoin will continue to grow well.

There is a serious mass that we call whale investing in Bitcoin. Similar structures will also occur for subcoins later. At the moment, subcoins are not considered as reliable investment vehicles as bitcoin. In this, the effects of the scam projects are great.

They are rising because Bitcoin is rising it is as simple as that. Look to Bitcoin for what the rest of the market will do, altcoins success and downfalls are usually tied to whatever Bitcoin is doing at the moment.

Then I am sorry to say this that you need to correct your thinking. No kingdom can exist without its king and the king stays always above everyone else. Bitcoin is the crypto king. There is no altcoin on the face of Earth that can take over its throne. I am an admirer of Ethereum, neo and few other potential altcoins but it does not mean that I would go against the facts and reality. Neither should anyone else.

It is caused by bitcoin moving sideways for a while, which led to a big pump on bitcoin's price.

When bitcoin gets pumped, altcoins historically have also gotten a lot of increases in price and market cap. So that is the reason for the rally. I do't think the bear market is fully over, so take your profits wisely now that the price is a bit higher.

Altcoin prices will continue to depend on bitcoin prices since it's the face of cryptocurrencies and #1 in market cap. So if bitcoin is in a bear market or is getting dumped, so will altcoins, and vice versa in a rally.

nobody will give upon the bitcoin. Most coins can be traded by BTC and BTC is key connected with the whole market. When the market are red, you give upon the BTC? Why don’t you just give up the whole market.

It gives a little overview of the first 100 days of the year
https://i.imgur.com/OuwI920.png

The place of bitcoin could be replaced by another coin but the impossible thing to replace all of the impacts that have been made by bitcoin to the majority of the market, people and more.

someone said about NEO, and that's another joke coin with pump and dump.
People are taking it quickly without any identification.

The stock market still has a trend that everything is moving in one direction. Therefore, when bitcoin grows, then altcoins grow.

Why are you comparing it to the stocks market? This is false, there are some stocks that are never following the same direction, otherwise it would always be in a bullish trend.

But yes, altcoins are always following bitcoin and that is the reason of why altcoins are going up faster than it.

Altcoin rally about to start market look bullish we can expect pumps in the coming month June is crucial for the cryptocurrency market

I still can not draw any global conclusions about last week. If growth continues - it will become more understandable.

The bitcoin recent rally brought back some confidence in the market and investors feel comfortable diversifying in the altcoin market to try and maximize profit. I'm curious to see if this trend will last  !

Since btc has crossed 8300$ the altcoin also have started to recover and many investors seems to be back in the market and thus the demand is rising continuously. Also a good time for traders to quickly make some quick gains in this rising prices.

Seems like altcoin investor by seeing the flagship on altcoin at the first view. Bitcoin is the emerging in the market now and following that only we will find the altcoins value going upper in the market.
This time bump is happening because of taxation issue happening on US.
Other than that I do not think there would be a any reason for the price rise apart from this.

That is correct. We have two patterns already for altcoins. The first is during waves of Bitcoin either rising or falling, which all alts follow. And then when Bitcoin trades sideways, altcoins take this chance to rise up against each other, but generally recovering all their values lost against Bitcoin. I do not think this is the end of the bear market either. So I also took profits today (did not want to wait longer).

Yeah we are observing nice raise in every altcoins. So we need to realize longevity for this. I mean this started at monday as I remember and it keeps going with corrections. It may stop or now, we don't know. Be cautious.

IMO this is not a rally, but rather a slow recovery. Prices of altcoins felt down almost three times since January, so these 20-50% growth is just a healthy process of stepping back on the paths where they were.

Probably just another bullish cycle starting. Whales have successfully bought their bags cheap, time to push the price

I think that is mostly due to bitcoin going sideways. Some coins are almost stoping change. But BNB is opposite or change Inconsistently with BTC or LTH.

Taxation News on US might be a possible reasons for this price pump but we cant still be sure that this would be the only one yet there are lots of factors that do affect cryptocurrency coins in the market as of now. Some pumps into big percentage on a short period of time which isnt surprising but i would still always prefer on gradual increase not on having a sharp rise up but well as long we can able to make profits then get out or hold even more which this would depend into ones decision.

There is only one day left before the end of the US tax period. After April 17th I expect a big rise.

The reason why all altcoins are green is because bitcoin is also green and has an increasing trend. Positive wave in bitcoin also affects altcoin to rally.

Because, altcoin prices are relatively low when compared with bitcoin, so altcoin is seen to move faster.
Along with the growing enthusiasm of citizens against cryptocurrency, bitcoin will still grow and move up albeit slowly (not as fast as altcoin), because small sales are still occurring in various exchange sites.

They just follow the trend of the market, whole market grows - so alts grow as well.

I also noticed this tendency to name specific reasons for such behavior is quite difficult. Perhaps because of the long decline in the price of bitcoin. Many people think that the Union will give an advantage.

I see a rally now

Yes if the conclusion from me it is very difficult to jump to its conclusion is that the price of Bitcoin has made the whole market decline for several weeks. Maybe we stop or now, we do not know. But beware.

All altcoins are tied to bitcoin. If bitcoin goes down then all altcoins go down. If the top and altcoins are going up.

A well deserved and long awaited rally for all coins if you ask me. Bitcoin and even other cryptocurrencies have been experperiencing massive bearish movement for the pas few months but now it seems that the cycle's bottom has been reached.

When you're at the bottom, there is nowhere to go but up.

Most of the people who are moving to altcoins giving upon btc tend to think that btc has no future and bearish trend will continue in the future also but they are not realizing that btc is base for all the coins in the market and most of coins follow its trend and they remains behind it and btc remain much more profitable inspite of these dips and when market recovers prices will surge once again and we will get our desired profits.

a lot of people looking the other way to get results. bitcoin does have potential and the movement is good, but certainly the longer these higher and certainly less good effect conferring new especially for investors who want to get started. Thus the way is nice they could do one of them by switching to altcoin.

yes, it could happen, many new investors may choose altcoin which still has a low price and according to them altcoin has a good potential too,but many investors the still trust and still like to invest in bitcoin, because of course they have the belief that bitcoin can still generate huge profits for them.