Bitcoin Forum

Im just wondering if it is worth holding altcoins when they continue to all drop versus bitcoin since june.... just keep going further down, whats the point of holding, better off just keeping bitcoin offline. safe, secure and no risk of it totally crashing.

maybe some experienced users can explain the situations necessary to see altcoins in general climb back to strong levels versus bitcoin...

my guess is bitcoin has to stay at the same price for a while and eventually people will get tired and look for profits in alts?

I was expecting and wishing something like that but my hopes are over for now. More important, I just analysed my crypto wealth recently and saw that I lost in July instead of earning money  ??? I earned in the beginning but then lost because of my increased confidence in altcoins. I dont want similar thing again. Slow but steady increase is better.

Time and time again its proven in cryptoworld that if you hold you will win. Im sure  alts will rise sooner or later. Just dont collect any shitcoins and you should be fine.

Might have to wait until the Bitcoin fork. So one month maybe.

This person knows. Slow and steady wins the race in life and in crypto. We all want that parabolic coin that is going to spike up but what happens after it goes parabolic? Thats right it dumps pretty hard. Obviously this is

why people can make a lot and crypto is great but at same time during forks and upgrades it can be troubling times for sure.

ya but as we've seen time and again, when bitcoin goes parabolic, altcoins crash, and likewise when bitcoin crashes, altcoins crash.... there is no winning scenario for alts as far as I see it.

Altcoins tend to pump around the time we start seeing a bunch of posts like this

Probably after BTC forking,
People would use it to buy altcoins.
It is the best one to push altcoins like June :)

I think for altcoins to really climb again versus bitcoin, it will need to generate more demand first by applying more real world use to them that rivals the real world usage of bitcoin. If not for it, people would not begin to invest into altcoins. Not all users are here just to see profits in alts so if there would be more real world usage of them, for sure they would climb again in price and might rival bitcoin's movements.

You are gonna need new investors coming in , that is a easy way to double the total marketcap.

The problem is these investors get scared easy and will panic sell to where we are now.

i have to say altcoins are rising. you just have to find those which are rising (aka getting pumped) instead of sticking to those that are on top.
the pump and dump has always been like a game in which coins have their turn. when their turn is up, they rise and when it is done they get dumped and stay down while others rise.

your mistake is focusing on certain coins that public expects to rise (ETH, XRP, DSH,...) and since they are either getting dumped or staying dead, you think rise is over.

but here is some random examples:
MonaCoin: went up 60% in 1 day
Nxt: 30%

and each day there is a new one.


this also helps. because whenever bitcoin price is steady making profit with trading bitcoin becomes harder and smaller. so people switch to altcoin trading for more profit. and they get pumped.

These are my exact thoughts.

SIMPLE.

Excess money/investment...after BTC reached a price that many investors find too high and willing to gamble with altcoins.  Only then will there be enough competition for alts to push them upwards.

Why buy & gamble with unknown and untested coins when BTC is affordable?

maybe for long term BTC remains the best, but you do not want instant profits from altcoin.
I play in altcoin and be safe, keep hoping for success accompanying your days.

i think that we'll see bitcoin dominance index climb against altcoins for a while to come.

It seems like altcoins only boom every once a year or so. So right now, things are cooling down a bit. ETH is down big time from its ATH, there has been a lot of dumps instead of daily 10% returns on your investment.

It's probably a good idea to turn most of your altcoins into bitcoins now, then buying when it's lower.

I agree with the above, likely see best alt coin performance when BTC is moving sideways in a tight range,, I would expect a nice alt run after the BTC hard fork FUD is done and gone

Btc need to go in a worst dump so we can expect altcoins to climb up faster but I don't want that to happen to btc.

That's indeed, because how a lot of people are waiting for that. bitcoin gold just another free money for the bitcoin holders and bitcoin holders can use it to buy the altcoin again. You get your bitcoin gold for free and you must not do anything.

Bitcoin alone itself is a totally useless coin with very expensive transfer fees. Bitcoin literaly needs the alts to grow. In future when you buy with bitcoin the bits are actually transfered through the alts like litecoin. Blockchains are joining together to form highways. That will bring down the transfer fees and make bitcoin actually useful.

The question I want to ask is bitcoin going to dip once more before the fork? Or is just steady growth until the fork.

Btw most good alts (not shitcoins) are actually growing linearily all the time. Its just sometimes they are overvalued and they have to come down. Look at komodo for instance. It has been growing linerily the whole year, same for hush.