Bitcoin Forum

In the last few days, we’ve experienced a massive rout in the cryptocurrency market.

Skeptics are laughing, traders are fleeing , and even HODLers are worried that the sky is going to fall.

The home page of coinmarketcap is awash in a sea of red. And as if by some strange design, every 7 day price graph looks like they’ve been lazily copy pasted from coin to coin.
In the last few days, we’ve experienced a massive rout in the cryptocurrency market.

Skeptics are laughing, traders are fleeing , and even HODLers are worried that the sky is going to fall.

The home page of coinmarketcap is awash in a sea of red. And as if by some strange design, every 7 day price graph looks like they’ve been lazily copy pasted from coin to coin.

WHAT WILL BE THE NEXT TREND

Everybody knows that all the altcoins(probably without ethereum) are just following bitcoin(or as you say "the market").I think that some big price dump that is washing away all the useless altcoins is actually something good for the crypto world.By the way,why your post is copy pasted two times?

All of 'em.

There may only be one market, at the absolute most there are two - Bitcoin and alts. You'll get individual pumps here and there but all of them return to the general mean eventually.

For most people the only reason they're in this is for more dollars and they don't care how they get them. If you get one mind set, you get one set of behaviour spread across everything.

I think is a monotonous market. All coins are at the knees of bitcoin, going green, red and dark red as bitcoin do. I look for a time when coins growth will be separate parallel.

The last few days have not been bad for cryptos as a whole.
The price of Bitcoin rebounded from the $ 5000 barrier, and this is a substantial proof that the market has set a bottom at $ 6000.
There is no strong volatility in the price, which is another proof of how Bitcoin became strong. "We no longer see those crazy heights/decline."
As for altcoins, it depends mainly on Bitcoin, so there is nothing new about them.

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Some cryptos/tokens break the usual pattern check Bitcoin Diamond "26.35%" & Dent 23.92%

Hello People,
Are there any relevant document to get a better idea about Cryptocurrencies ?
I learned lots of things from this thread and wanna study more about this topic as a new comer of this field.
thanks.

Yes they all suffer such defeat and hope the trend takes us to a better path but I think not for this year,,, I also do not know the next trend that I will experience clear now just to get us into the path of safer decline,. several times the market tries to pump back but not too strong the absence of more trust to someone because they think it is still at risk., indeed all altcoin depends on the movement of Bitcoin,, because the future is still gray then be patient and enjoy a good chance for every day.,

Don't feel panic just because you are seeing everywhere RED in the Coinmarketcap or some other exchange. If you approach towards the trading in this manner than i am sure that you are not going to see a bright future ahead in your trading career. Just be positive and follow what the cryptocurrency charts are showing us and it is not necessary that cryptocurrency should always follow the market, you may see altcoins going up against the overall market, and this has been many times. so just follow the altcoin trend for trading and not the overall market trend.

As Bitcoin is the grand master down here in the cryptomarket, just like Ethereum in the ERC20 world, if those two beasts go down, the rest will follow. Just like palle11 said, it's monotonous. And i too wish they are gonna be really more independant.

Almost all altcoins are still tightly tied with Bitcoin. Whenever Bitcoin going down, most of them going down too. Even the big ones like Ethereum are still following Bitcoin in terms of price. That's why I think most altcoins are just a speculation tool at this time. All the ideas are just idea with no real use.

This is one reason why I don't like altcoins in general and more focused on Bitcoin.

To make profit in cryptocurrency we should be follow the trend of the market, because the market  will never follow us. Sell all crypto when the price all the times high or  reach 10 to 20 times and move the money in to others asset that still bullish.  The price of many altcoin was dumped with big percentace and this is beyond our prediction. So we should be have diversify risk to avoid big loss from market  crash.

In my opinion to predict the next trend is history of the price will be give answer. In that history price cryptocurrency already many times in bearish trend but finally another bigger bull run was coming. So i can predict the next bull run will be coming and the total market cap has potential to going up to more than  $1 trilliun.

1 Trillion is not far fetched. We almost reached it during the boom in December, if I'm not mistaken the marketcap when as high as $800m before the market crashed.

Bitcoin is really the coin that needs to be watch here. Every other altcoins took its cue to Bitcoin and we all know that price correlation is so true.

As for the bull run, we can't exactly says when its going to happen, but there's a lot of positive news like the Bakkt and ETF's and I do hope that the price will move this coming November so tha it can at least reach 5 digits before the end of the year.

One thing is that in the next few years, I am pretty certain with the whole market taking a new course, the chances of hitting a trillion dollar market is pretty much there. Growth and development is imminent for this market and I so much believe it is something we will eventually get to experience.

Looking at some of the developments that have been going on lately with respect to the chances of mainstream adoption, I believe we will have a greater course of action towards the bull's side. At least, we can see that the market on its own, is pretty much doing not so bad and we can as well just be patient and wait for the long term.

Every currency follows the market for 90% or more of the time, the only time it doesn't is if there's any major movement due to news, development, etc. In the last 9 months only a select handful of coins have been able to trend against the market and remained in the green over that period, they're the ones with the best development and potential for the future.

As long you believe on the coin you are holding then stay with it. Bitcoin moves upward or downtrend alts will follow. Market usually starts on bitcoin Fundamentals. What I don't like is there are many stablecoins pretending to be part of Cryptocurrency.

If you look around for positions, you'll see that some projects tend to change their positioning. In addition, it is better to keep track of the total marketcap than the daily variations and use volume to take out scams like Dent. For example, Decred has gone up quite a bit because it was listed on Binance. He went up several positions. Just like 0x weeks ago when it was listed on the coinbase.

There are some small isolated facts that provoke such reactions. But in general the market follows the price of Bitcoin. And the reason is quite simple, Bitcoin is still the main gateway to the cryptos.

It's the first. It's the biggest. It is the safest and most tested. Everyone will always organize their strategies by looking at Bitcoin.

Whats the connection between the title and the story?Looks like none right?
The trend will remain this wwy because this is what the right prices are,without the bubbling whales created in the last quarter of 2017

If you really want to gain.then forget about expecting the bull,for this is not what cryptocurrency is all about,this is currency and must not use as business or other form of profit provider

I really would not be surprised, with this market, it is pretty obvious that the thing that is inevitable is growth and looking at the market cap right now, the chances of seeing the whole market cap doing a x5 is not something we cannot see as it is very possible. The potential is there, the chances of seeing the market grow big is there, adoption and real life usage is something that is apparently going to be a reality at some point and all these things put together, is a means to see more money come into the market in the long run and the chances of such a market cap is something positive

That is for long term and in short term anything may happen. Many people are speculating like we are going to see what we had experienced in late 2014. But, all the leading coins are posed to have massive growth in long run hence, I believe that I never need to worry for my decision of adopting cryptos for my rest of life.

I would say most times, the movement is basically dependent on the altcoin market itself as well as the bitcoin market in most situations. We have seen instances where the bitcoin market tend to take the full domination in the market and the altcoins taking a bow, as well as bitcoin consolidating and then we see the altcoins taking a huge hit to the moon.

Most times, it always depends on how you understand the market, monitor the trend and you are able to deal with it. Like I always say, we have two coins in the market, bitcoin and altcoins, and all altcoins move most of the time in the same manner.

Crypto coins are almost on the same position as they have their low markets if you have ever noticed the prices of each best recommended coin you will clearly see the difference but almost all are down as compared to their normal values. Bitcoin being the base currency has affects over other coins but not too much as we know that major one is demand rate for every single product in the market.

That is always the thing, bitcoin tend to make the whole market what it is in terms of its movement and most times, it is how the bitcoin market moves that would determine the lane most traders will want to be taking in the market to their favor judging by the reactions on the chart at that point in time. We know there are actually selected few altcoins that tend not to go too far down in most cases, or tend to stand out from the general market movement, but if we are to look at it on the large scale, I will say majority of them move based on the general sentiment in the market with most of it having to do with bitcoin.

In 2014 and 2015, we had 1/5 fall down where in 2018 so far we have seen 1/3 fall down from ATH in both the scenarios with respect to bitcoin price movements. It might mean that there are still down trend and almost all the altcoin may follow bitcoins in coming weeks. It would be hard to filter out a coin which is resistant to bitcoin's fluctuations as there could be no guarantee that it will remain resistant to bitcoin's all the times.

While BTC is the coin to watch as it dictates a lot and determines a how alts move. But I've been studying Gochain (GO) and it's been steady giving between 10-15% even in this bears season. Definitely a coin to take a look at. Despite BTC being sideways for a while now, GO has been making steady moves guys

Almost all of them. I think tether and all other stable coins are ... well stable. I think bitcoin is in a league of their own. However, all others are either full on moving all together or they are going down because they are dying.

The first one basically all similar coins like ripple, ethereum, litecoin, dash and probably at least hundreds of others are moving up and down according to what they do together, if all go up all goes up if they go down they go down, there are few rare ones that moves themselves and do something crazy like pump or whatever but it is never the same coin over and over again, its always one coin after another. There are also coins that basically is dying and going lower and lower constantly and eventually die off and do not return back to life.

All cryptocurrency are following the market. If the market is bearish, all cryptocurrency coins are also bearish just like this year's bearish year where every coin lose its value by more than 50%. Not even one coin was exempted from the downward trend brought by the red market.

Some other coins if the price will go down some other coins also will fall down for their price and like a contagious disease for coin to other coins.

Most of altcoins follows BTC and ETH Movement, declining in value. But there are still some coins that find ways to earn more. We just need to know whether they did some update to make their product pumps

There may only be one market, at the absolute most there are two - Bitcoin and alts. You'll get individual pumps here and there but all of them return to the general mean eventually.

Factually all the market follow suit with Bitcoin price. Without Bitcoin, the market is not and hence crypto is also not. I don't know whether there'll be a time where we won't have a circumstance as such but for now, let's hope for the best.
Anyways some ALTs don't follow price at an instance but wholesomely, they all follow the trend.

I do not think that all altcoin are moving in the same manner, to me I think that there are some altcoin potential which always have good potential and which price can boost up very soon after the market become a little stable, while some coins after getting down its become difficult for them to recover their position again.

Crypto market already in bearish mode in 1 years and this is so long times, and i think last year in 2018 the market long bearish because in 2016 and 2017 the crypto market has been in bullish trend. So from this historycal , i believe the bull market will come in the end of this year or sooner.

Why you are bumbling a old topic ?

@OP
I guess all the coins are following the trend. In recent times, I have watched waves which is moving against bitcoin/eth's movements but previously it also was trading along with trend.

What is the significance of finding a coin which is not following the market ?

Every coin eventually gives into trends of the market. The only thing that keeps them changing is that some coins move different from the market for short periods of time.

For example, some X coin could go up during a bear run because of a news for that coin and the price could change quickly however eventually after all of that is done the coin will fall back to what the trend is, if market went down 20% in the past week then that coin could go up 100% but eventually go back down the original price and drop 20% to reach the market averages.

Hence, all coins could have short period of bursts, specially small coins with small prices and small market caps could move really differently however no matter what happens the coin will eventually follow the market. Except the bad ones which just keep going down and down and down until they do not exist even if the market goes up.

"How Many Cryptocurrencies Are Simply Following the Market?" --> Almost all of them: https://enroyd.com/BTC_Correlations/

it will surprise you that the market has been flowing down. the recovery stage is yet to be certain. currently, we have no idea of what and what will happen in the next few months. the market as we all know looks like the cryptocurrency has no future. there is certainty that renovations and new ideas will still change the minds of people.

All Altcoins follow Bitcoin, that is written, no Altcoin has a life of its own, they depend directly on Bitcoin, the only way they go up is for Bitcoin to be placed in an uptrend, some Altcoin moves them are groups of PUMP and DUMP. That's why it's its rare forms ... You just have to understand the market.

Most of coins are following the market and sometimes  differrent of what happened to the market. They have coins that are good even the market dumping but they have coins are not good if the market up because you cannot see any movement of increasing the price.

most of the times the market is to be manage the whole cryptocurrencies in a single hand it will leads to the fall down of all cryptocurrency axiomtek because of people will afraid of losing something and get out of this field this is the main reason .

It is true that all the major altcoin follow bitcoin, but if you look at the market you can daily see some coins gaining ten percent to seventy percent on a daily basis, just check the chart in coinmarketcap and you will understand how the market is behaving on a daily basis. I never invested in those coins or never checked those and hence i cannot give a concrete answer on how these movements happen, may be it is a pump and dump scheme but the market moves on a daily basis irrespective of the bitcoin market. But looking at the broader picture if we want to see a recover in the entire market we need movement in bitcoin.

The market is literally following the trend of Bitcoin and nothing more, so we should first see Bitcoin before investing on other alts, but you can go on a pump and dump group for you to earn.

Exactly, but you know what I've noticed? That those coins are Pump and Dump, normally they happen in Exchanges like Binance and Bittrex, at the moment there are many groups in Telegram that are dedicated to give signals and when they see that there is a good volume they help to raise a very big candle, the unsuspecting enter because they think that they will lose the movement and when they go up much more, they start selling in seconds and that is why those coins are kept, but they do not have structure, they do not have phases like accumulation, tendency, distribution ...

The market is completely indicated with red most of the time over the past few days. Quite often the market changes green, but this was unable to sustain for a long time period. A recovery of the entire market is the hope of every users. For the same we haven't got any indication or a specific news that tends to push the market forward.

but Bitcoin is also not in a good path if it wasn't right direction then all other cryptocurrency will definitely going to the right way by the development of Bitcoin all cryptocurrency had some support will be there with the support of The Uses of Bitcoin also so blockchain system will connected through each and every cryptocurrency.