Bitcoin Forum

I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?

Let's share here

Usually if bitcoin price rises then altcoin price in the market will decrease, that is biasnya I see when I am trading, sometimes have a significant impact on price, but can also just as if there is no price movement

That really doesn't matter for altcoins. Those are just extra added commodities for trading platform. Bitcoin will grow for itself. Altcoins prices will get majorly affected when people drive towards altcoins investment. Currently bitcoin is taking the leap so it is people's choice and instead of altcoins bitcoin are being invested in the market. Also, due to this altcoins either doesn't change or stays on hold until people buy some.  :)

It is not impossible for Bitcoin to penetrate $1500. In fact, the price now is $1420 and still climbing and based on my own analysis. It can even reach $1450 . As you can see, it mainly affects the price of the Altcoins. When Bitcoin's price increases, Altcoins price decreases. And vice versa. As you can see in the https://coinmarketcap.com/ ; the price of the Altcoins are marked red meaning its price decreases. And it is because of the stiff pump of Bitcoins Price. If this continues, this may be the right time to stack alt coins as its price may dump more. And wait 'till its price pumps again then sell.

In fact, They already break 1500USD price wall FYI. And most of the alt coins are dumping. This price inflation of bitcoin really affects the price of the altcoin. On liqui exchange. Most of the altcoin listed there has marked red on growth. I think altcoin is not advisable ATM to trade. I will just wait for the BTC inflation to reach the cap then i will bag some cheap alts out there.  ;D

For have any "income" someone need to sell BTC for $, if no - there is no "income".

The thing is this just doesn't make any sense. There is functionally no reason for Bitcoin to be pushed and pumped this high, yet it keeps going up and up and up with zero checks whatsoever. There have been no corrections and it's just a constant trend upwards, and that's screaming bubble for me.
I just want someone to explain the why. The only big event has been the closing of Bitfinex's fiat accounts, which inflated the value initially and now it just keeps going, presumably due to bad information from price aggregation sites.
There is nothing to get people involved in Bitcoin this much beyond speculation right now. What the hell is pumping it?

A positive impact will in any case, another issue is that this positivity can be delayed in time.

I quess the btc price increases because cryptocurrency users buy more bitcoins and sell their altcoins.
I don`t believe that there are more noobs who buy bitcoin for the first time using fiat.
The number of btc holders increases which reduces the btc supply,which makes the price go up.

I believe it all depends on the psychic perspective of the altcoin investor. If they are in it to increase their bitcoin holdings (which most of us are) most of them will dump it before a bitcoin rally/mooning.

Then on the other hand, some believe in the further perspective of alts and hodl them for those very same reasons. These user maybe are more concerned with fiat valuation of their coins rather than its value against bitcoin. They generally maintain a support price irrespective of where Bitcoins heading.

I find it really hard for some alts to grow beyond their potential as most traders will forever keep dumping their Alts for more bitcoin, reburying those same alts at a cheap price only to again sell it for more bitcoin.

Bitcoin may face one of these same issues (the potential of a $1MM/BTC dream) in the future, where governments and banks dump huge volume of bitcoins for more fiat only to re buy cheap bitcoin and further dump it again for more fiat.

They raped the true potential of gold and in time they'll attempt to dig their dirty fingers in our economy.

I think this high amounts are a consequence of the success bitcoin had the past two years.
Now many people want to participate and they are putting their money into altcoins, because they are expecting a similar developement from them.
And with the altcoins, bitcoin rises as well.
Whether this is a sustainable process or just a bubble, only time will tell.

income =/= profit
if you already have bitcoin you can make profit with price rise. income however will go down since you are still doing the same job and you should get paid the same amount as before (although in bitcoin this can be the same amount of bitcoin and stay the same income).

and as for the impact on the market, the rise is good but a fast rise when entering bubble territory is not such a good thing and will actually have negative effect when price swings around a lot an always big.

For users it will be great, because they will get more profit from their investments. But altcoin can fall.

Altcoin and bitcoin are inversely related. When bitcoin price goes up altcoin deprecates and vice versa. If bitcoin prices increase. More people will withdraw their money from altcoin and invest in bitcoin. Thus the value of bitcoin will increase further whereas altcoin deprecates. I am glad that right now bitcoin prices are all time high and there is a bright future ahead.

Bitcoin current price on TREX are 1400+USD per bitcoin, What exchange are you using with that price rate? I'm very interested to know that so that I can exchange my BTC. Joke. Maybe you just overlook the price or you are just mislead by hype post here in the forum.

i not agree whit this.
you can already buy a lots of services with bitcoin...
and if bitcoin value rise, you will be able the same service with less bitcoin...
doing this, you already done a gain!

expect a huge crash coming down when bitcoin keeps increasing it's price. remember if bitcoin price goes more up that will be the reason for the user to exchange and sell their bitcoin and when there's a lot of people selling their bitcoin that will be the reason of the crash down of the price of bitcoin . more likely bitcoin price goes up because of the investors in bitcoin.

People keep saying it's going to crash since the begining of the up momentum...

Well at a moment or another you'll be right, if you keep saying the same things for years it will happen eventually xD

Bitcoin prices doesn't really impact altcoin prices.Yes,if you're trading altcoins for bitcoins the it reduces the altcoin's value.Bitcoin has always been impacting users positively.positively. Eth prices are hiking recently and that has nothing to do with bitcoins.It's just the number of trade volumes in the exchanges.

Exactly still there is a negative shade on bitcoin once it touches 1500$ then automatically we can see more positive approach from the people.
Once the price of bitcoin is increasing many people started holding bitcoin, bitcoin is becoming a global pioneer in the coming days with government authorization.

Yeah, it is rising, but i dont really think there is a future in Bitcoin. It was the first attempt, but now, other coins have way better features, specific at their field of operations. You can get better anonimity with Monero, better transaction times with some other coins etc. So i guess BTC is just a way for the masses to find out about the blockchain, and the first one there. It will continue to rise, because is being used frequently as a gateway Fiat -> BTC -> Altcoins

Everytime BTC goes up - money exits into ALTS to speculate, you can see the correlations on the charts forever.

unfortunately it will decrease the value of alt coin, but it can be helped if there are a lot of investor interested in thta coin and make a pump, so the price is not only rely on bitcoin but also the interest from the investor, and it will make trading become more exciting

I don't understand why you say that.
Historically, Litecoin for example has been following btc: up when btc is up and down when btc is down.

That's not the cas for ETH ok, but that's all, the others have followed the curves ^^

Why not $2,000 then?

I believe that bitcoin will touch $2,000 in the year 2018 but in the current year, we will find many ups and downs on the price chart. The bitcoin is growing with a stable speed over the years but still, some serious fluctuations are making it more volatile. The natural growth would definitely strengthen the potential of bitcoin but to be honest, I love growth in the user base rather than on the price chart.

ahhahaha....
like say every day "it will snow" from december to march...
is the same thing!!!
and again..
this is one of my preferred post!!!
https://99bitcoins.com/bitcoinobituaries/
we are just a 127 times!!!
 :D :D :D :D :D :D

I beg to differ with you on this point because the bitcoin price surging is self justifying and how much bitcoin will continue to be part of our lives now and in the future and it implies their is a greater market demand for the currency which keeps pushing its price to the moon
I do agree when it comes to exhibiting certain features bitcoin does fall short only because it was made for general-purpose audience unlike other alts with a specific use but still remains the favorite for many of us.

Nope if you were smart enough you would've seen this price as a fake market/ manipulation while the real value is $200 :D :D :D every time I saw that statement in some useless and baseless topics I got overwhelmingly bored to death because of the stupidity of some people.

https://i.imgsafe.org/8996d45c34.png

Pay a little bit attention to the date and the prices.

When bitcoin prices rise almost all even all altcoin in markets will decline and applies also if bitcoin prices fall then altcoin in market will rise that is common, many of traders take the advantage of this moment to buy altcoin include me.

There are huge impact on the market as the bitcoin continue to rise. Altcoins prices will be the one to suffer first because  people will be rushing to sell their altcoin to convert to bitcoin to benefit the higher price of it. High btc price is also a good to holders, they can sell now or still hold for a higher price since it is expected to reach even at $2000 this year or more.

I think there is a direct correlation between Bitcoin doing well and other Alt coins doing well too.... Any coin that performs well, gets media

attention and when Bitcoin break record prices ..... a lot of people report about it in the media and then a lot of people want to jump in to get

a part of the action.  8)

Any price growth of bitcoin will bring a positive impact to all of its users especially those who have bought bitcoin at a low price.
While the impact of it to altcoins isn't the same since the price of altcoins isn't based on bitcoin but rather to USD. So the price increase for bitcoin will not going to affect the price of altcoins. Then the conversion rate for bitcoin and altcoin are inversely proportional whenever the price of bitcoin go up, then the price of altcoin will go down when converted to bitcoin but when converted to USD the price is still the same.

It already penetrated and i will say it wont give any impact specially to altcoin it might showing some reds as of now but majority of them do increase which means they do go with the trend.Its not really surprising anymore for bitcoin to rise its price and now we are reaching a new ATH but we should really expect that the bubble will pop out and price would decrease again for sure.

Bitcoin price change towards positive direction is long predicted and it will certainly bring some positive changes to the market. We will see more money inflow in bitcoin market going forward which will increase the market cap as well as its price.

However, I don’t see any negative impact on alt market as well. Whatever the money inflow will be, will come to the crypto currency market only and people who trade in volumes, will trade bitcoin with alts only. So it will increase the fund inflow to alt market as well. The impact will be positive throughout.