Bitcoin Forum

Recently, the cryptocurrency market is on fire as the candle is burning down and coins like bitcoin at its brink; traders should expect a catastrophe or success at the end of the tunnel. However, altcoins like Matic did numbers more than bitcoin in the last few days. It rallied to 19% in the last 24 hours while bitcoin did a little and increased by 4%.

Those this actually pose a great risk for short-term traders?

Is it the first time that alt-coins like Shiba, Matic etc outperformed bitcoin?

Cryptocurrency keeps getting interesting every moment. (https://www.coindesk.com/markets/2022/05/10/market-wrap-altcoins-outperform-as-bitcoin-stabilizes-around-30k/)

There is no risk in this. While the overall crypto market sentiment is somehow dictated by Bitcoin's movements, there will be cases of selected altcoins that would somehow move in a different direction. This must be due to the specific altcoin's activities. There might be a new significant project update, a product release or development, a new partnership sealed, a big investor, and other reasons. And this is definitely not the first time that it happened. But generalizing that the specific altcoin has generally outperformed Bitcoin is definitely wrong.

It used to be XRP. Back then it was all to do with how isolated their traders/community was from btc. You're taking probably a similar amount of risk investing in those coins though and likely a deminished reward (and then there's the point where they start correlating to bitcoin again which you'll have to guess in advance so you don't lose funds before moving to your next community - otherwise you'll just be potentially losing small amounts of funds each time).

I don't know why you compare only 24 hours and not 24 minutes or 24 seconds. Surely you also find shitcoins that outperform Bitcoin in those time frames.

Are you going to put money out of your pocket to guess which shitcoin is going to perform better than Bitcoin in the next 24 hours? I hope you will share all your purchases and results with the community.

This is not the first time it has happened in the market, the movement of altcoins is largely dependent on the movement of bitcoin, especially when bitcoin falls almost all altcoins also fall. Reverse wave altcoins are likely to be temporarily hype by sharks or they have a significant event in progress.

I remember Shiba also was outperformed recently, when getting listed on Robinhood while we saw a red market but that hype didn't last after a 20% increase, Shiba fell shortly after.

During the first week of April 2022, some altcoins- Ether, Sol, Luna, Avax, Near  outperformed Bitcoin. So this is definitely not the first time this is happening. Although I believe that this is due to sentiments and it's only temporary, Bitcoin will continue to rule over them. Over the last decade Bitcoin has been the only cryptocurrency that has been consistent in moving upwards despite market volatility and speculation. So many altcoins that seemed to "outperform" Bitcoin have disappeared. In the long Bitcoin always prevails.

Nah, I don't think that this is the first time that bitcoin was outperformed by altcoins. But it doesn't matter though, I mean those altcoins being mentioned as price so cheap that it's obvious that anyone can buy a ton of it as opposed to buying bitcoin at this price (even if it's going down). So for me this numbers doesn't have any weight though, good for those altcoins but they will have a hard time sustaining that run in the long end.

In other words, these coins' temporary independence from Bitcoin should not be taken as a big deal. On the contrary, it should be taken with utmost caution.

If those isolated movements made you richer in terms of Bitcoin, it is better to grab the opportunity to make conversions to Bitcoin, because sooner rather than later they would eventually align themselves with Bitcoin.

The crypto market history has taught us that sticking with Bitcoin is actually more profitable than sticking with altcoins.

i think bitcoin is still number 1 keep it, no cryptocurrency can replace it

It is for sure which is why it has not been removed from the rank one in crypto market and cannot be in future also as no other coin serves the purpose btc is doing with decentralisation and return to the holders.

So with this growth percentage difference altcoins became better than bitcoin? They are temporarily rising and will end up dumping in your wallets so it will not matter in the end.Slow growth is good sign but it should be over years not 24 hours.

Obviously not, but saying altcoins are outperforming btc is putting them all under same umbrella. There are tons of them. Most of them underperform at least in bear market. But as BTC has highest marketcap it's not as volatile as lower marketcap coins. They have more room to grow and need less money to pump them. Or dump them.

You are only comparing a very short period of time, we know that altcoins can outperform bitcoin and when that happens in a general way then we call that an altcoin season, so this is nothing new for anyone that has been on this market for a long time, however it is unrealistic to think this is going to become the new trend of the market, bitcoin is by far the best coin we have and it has outperformed any coin if we take into account its initial price and we compare it to the current price.

I've seen it happen many times, especially when it comes to 24 hours. From time to time, altcoins experience short-term gains which are higher than Bitcoin or top altcoins experience during those days. The difference is the risk and stability. Bitcoin can have periods when it's going down, yes, and periods when it's in stagnation. However, long-term, it always recovers and goes even higher than before. There's only one Bitcoin currency, and a handful of top altcoins. As for those alts that can high short-term, there are hundreds of options, literally, and it's very hard to predict which will go up and when. So the short-term gains are high, but often seen in retrospect.

Significant bear market started last week Friday, you can check the price of bitcoin and compare it to the price of altcoins and see how bearish altcoins are, as cryptocurrencies prices were falling, bitcoin falled from $40000 to $30000, you can see coins like Luna falling from $87 to $14. Altcoins are many and they do rise than bitcoin on bull market, but if you are invest and make profit, better to convert the altcoin you invested on to bitcoin because they fall more than bitcoin in bear market time. Just also that some altcoins are shitcoins, someone can invest on shitcoin, thinking the price will rise but instead, the price fall ans the person lose.

It's not the first time, don't you even watch during 2021 if shiba inu was always outperforming everything in the market? I think that's possible as long as there was a good update from the developers. FOMO will ignore the bearish trend but this gonna be for a short term but the long term will remain the same if polygon will be dumped again tot he bottom. Don't you see so many altcoins already outperformed major coins in the market. The situation is very bad right now.
Im not even sure such FOMO can make the price of token became sustain.

This is very normal, especially during these times and there are high volatilities too. But I can consider that there are some altcoins that bleed too much compared to some high market cap altcoins especially Bitcoin and Ethereum.
For me, I don't trust altcoins these days, I'd rather buy some once the market is starting to bounce.

better waiting reversal confirmation rather than catching falling knife. most altcoin bleeding while we see most historical dump on Luna and Ust. today market sentiment very negative and most investor scare to buy any coins now. crucial support already broken now and maybe another down leg will start

Is not it a common thing for now? i meant look at gainers and loosers on CMC. These new tokens were also outperform the major coins that dumped so hard. So many new tokens were recently listed were also so stable unlike the major coins in the market that got dumped so hard to the bottom.
Even when majority of new tokens were doing sideway but this look good rather than dumped. I think that this is happening so many times. You must not be surprised to see that

they have their time to shine but ask yourself, can they sustain this position? because most of them have short lifespan and so what you are seeing today, may not be seen the next day or so. so don't be tempted by the sudden rise of some alts because most of them are not sustainable. better look for the reason why the alt is existing.

Even some  new shitcoins from NFT P2E and M2E outperforming bitcoin the last few days, I saw some of this shitcoins pumping heavily while BTC is crashing really fast, this is not the first time I saw this kind of scenario in the crypto market this is always happens while most btc holders selling and traders going for alts to avoid huge loses in btc. 

The truth is that some people only care about the short term profits they can get and nothing more, it is because of this that they can make such superficial comparisons and see that an altcoin has outperformed bitcoin during the last 24 hours and somehow think that something like this can be sustained, when we know that is not possible and in most of those cases when you see a coin that is pumping it is not rare to see that coin dumping during the next days and then never recover from such crash.

People always speculate on the price of bitcoin as per their own expectations. They can only think about the price that they want bitcoin to be. That is the reason many facts and indications are ignored when we are thinking about the price. Bitcoin is moving sideways and we could see a long pump and dump situation in bitcoin chart.

I believe that we should be doing a bit better when compared to people who are doing short term profits when long term people like me are considered.

I get that they may or may not make a big profit in the short term, and even if they do like 2x in the short term, if they keep doing that they are not going to be making that kind of profit many times back to back to back, eventually they will lose money and that will be a bit of a trouble for them. Whereas when you are doing a long term investment then even though it drops time to time, you will be in profit if it has been a while since you invested. Imagine someone who invested 5 years ago, they would be in big profit even after the big drop we had recently.

Bitcoin is the one that can influence the market, so i don't think alts can outperform bitcoin since most of them don't have enough market cap to influence the main currency. It's the first cryptocurrency so i don't know if its possible to happen. Actually i've made research and i found out that bitcoin only is the one that can manipulate the whole market when there's a panic selling.

There are tons of tokens that has price jump more than Bitcoin, but the biggest market cap is still bitcoin, and that's what matters. A huge price increase does not always means the project is good, sometimes it's pump and dump scenario. More Market Cap means better liquidity, and that means more people believe in the project, so don't just look at the price when you are considering on an investment.