Bitcoin Forum

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

I think that in this stage of the market you should only be short-term investment and trading day, you can see that the market is fluctuating continuously and very hard to guess, bitcoin prices are recovering very strong and are uptrend In short term, so I think that at this time you only short-term investment in bitcoin to be able to not lose money when bitcoin prices decline in the long term.

Do not worry, altcoins did not always follow the price of Bitcoin, there were such situations. Invest in the altcoins can and should be, as they will always be of interest from investors.

Bitcoin will get pumped real hard or dumped real hard when the SEC has made up its mind. If we look at the market in general, it's clear that people are securing positions in Bitcoin, which is normal considering that most people here focus only on profits. People jump from coin to coin based on what they believe offers the best potential short term gains, and that's clearly Bitcoin. If the Bitcoin ETF doesn't come through alts will pump back up and eat through the recently created gap. It's however interesting though, because Bitcoin pumping usually means alts pumping harder -- it doesn't happen very often that alts are being left behind like this....

I think you should not hold on at this point, you can see that bitcoin prices have been increasing steadily in the last few days and the current time has started to fall back and go sideways, the price of altcoin has started sharply. Therefore, I think that at this point you should not keep up, take profit before the next bitcoin price adjustment.

Yes. This is a strange thing that I have seen in this market, BTC prices are rising while other coin prices are falling. That is one of the characteristics of the BTC. Prove the strongest penny in the market

It also is strange to see the alts are still down while btc is starting to go up. In other words, this only proves that Bitcoin has it's own trend and that alts are following the footsteps of Bitcoin.

the more difficult it is to predict altcoin, always creating confusion to make decisions in trade.
when bitcoin up or down altcoin always decreases.
such as guessing, and waiting for stable bitcoin prices.

Most  whales are selling their Alt, take profits to invest in Btc.  Soon The Alt  market will be up again when Btc stabilize. I love this trend

Yes, everyone's focusing to bitcoin now. Selling their alts for bitcoin since the date of ETF approval is nearly coming. If you are holding most alts on this moment, your portfolio is mostly bleeding and this is what I'm suggesting to people that keep on buying bitcoin instead of building their empire with alts.
The tandem will be back? we don't know it can be yes or no like last year.

Most whales are buy Bitcoin but not sell altcoins because if they sell altcoins it will move backward but it is oppositely move to forward so you should think your own if many peoples are buying Bitcoin and altcoins but large amount is spend in Bitcoin and less amount is spend so it is good news for crypto investors. Bitcoin is never stabilize once it will raise or fall is possible in this coin.

yes this is basically what happens every time that bitcoin has a rally. people pull their orders from altcoins and come back to bitcoin market and also because of arbitrage opportunities the altcoins continue going down versus bitcoin and USD while bitcoin continues its rise.
when bitcoin stops the rise and becomes stable, then the traders go back to focus on altcoins and pumps and make profit to get ready for the next bitcoin rally.

Typically in these kind of movements, the money is just flowing towards bitcoin while the rest of the market are just held on stand-by. Surely, knowing that the biggest market share of the whole crypto-economy is on a big and rapid movement, they wouldn't want to miss any action, hence the sell-off into some of the coins while bitcoin continues to grow. If the trend is confirmed, the other alts would, for a while be disregarded while everyone is relentlessly throwing their money at the biggest market mover, thus creating this slump on other coins while maintaining the pace for bitcoin, the biggest market mover.

Its common trend since last year I think, when bitcoin pump expect altcoins to dump. But don’t worry when bitcoin corrects, altcoins will pump. Investors are coming back now with bitcoin we should be happy for now and expect a higher price in the next days.

In recent days, the price of BTC has been rising in a straight line, but the price of altcoin has been declining against BTC, which is an independent market of BTC. Generally, the price of altcoin will rise sharply after the independent market.

Its usually the norm, when the price of bitcoin is up, altcoins decline. Its because  investors are shifting their funds to bitcoin again so we can say that there is a correlation between the two markets but there was some exceptions to the rule, just the December 2017 madness. But usually investors are moving their funds where their a lot of potential profits. Obviously, bitcoin is moving upward in the last week so majority of the money from altcoins have been shifted already.

So they don't move in a tandem, as you have understand it. You can still invest in alts why not? But just be careful because you should know by now that there are a lot of them whose purpose is a "pump-and-dump" scheme.

yes that may be it, most people are selling their altcoins to buy bitcoins


see altcoins prices:

ETH = 0,057 btc

NEO = 0,004 btc

EOS = 0,001

XMR = 0,017 btc

all altcoins are at very low prices and this is a good opportunity to buy

Bitcoins is always trending because people are continuing to invest due to its price that is continue to increase in the market depending on the season and every people are earning a huge amount of profit.

Altcoins are also of great importance and what is the price of it is lowering as it is now more interesting to have it on low price. If the price has increased then it shows profit for those who are the part of it, however those who want to invest in Altcoin can invest now. Altcoin price is not wholly depending upon the Bitcoin motion but it has its own major factors so monitor its market and make decisions.

Altcoin and Bitcoin both are independent but all are mingle in one way that is investors. Cryptocurrency is depends on demand and supply of the coin so continuous investment is increase the value of crypto and long term holders are make huge profit.
If you are a both category you will become a successful investors in this platform.

You can see this fact that btc is continuously increasing its dominancy in the market that means the interest, hyoe and fomo is increasing in btc, this will result in massive growth of demand of btc and its value as well.

This means people focus on bitcoin selling what they have on alts to have btc. Well yes the dominance in the market that users comes and hold bitcoin as the growth I think will happen this year. Price increase in btc while some alts were down so also good to have some alts during it's low trend.

There is also a lot of alts that is good for investment. At the moment bitcoin is good for a short investment. Why? Because the price is not stable, it decreasing at any moment then after that it increases.

That is also my observation, bitcoin is going up thus all altcoin will go up too but that is not the case with this current scenario. That is why i could say that bitcoin will always be the number one cryptocurrency. It has it's own trend while altcoins follow the trend of bitcoin.

bitcoin still it's on the way to move to the higher price and it is up trend but there is also a chance for bitcoin to go down in the next week. and for the altcoin, I think it is better time to invest in altcoin because like you said, the majority of the altcoin is getting down and maybe we can find some of the altcoins that have potential to increase soon. so if you can analyze the market and you know where the trends of bitcoin and altcoin want to go, I guess that you can predict easily and you will know what you have to do.

But in my view, no single commodity has the capability to create a new trend in terms of trading style. I mean bitcoin must have to trade as per basics of trading fundamentals like obeying the resistance and support levels but finding those zones withing pivot analysis.

Simply, bitcoin still holds into lower sides which always a good grab for someone who is planning to go long without bothering about if there would be any further movement downwards, this is a great opportunity and even if it goes lower the more, it even brings greater opportunities. Just like professionals speculate, the whales want to drive the market as low as they can, and taking those downward movements as a chance is one thing that any smart investor should be looking forward to. So far, the value is cheap but I am not sure they are done yet, but buying bit by bit, just in case, is not a bad idea.

It was normal for bitcoins to be always the trend on different social media's because there are a lot of ico's who are starting to market their own tokens as well in order to get more investors.

Well if a market is going to turn bullish, the blue chip would always be the first one to run
Looking at the Bitcoin dominance over the whole market, it had increase over the past few days and we are at 47% now

It will always be BTC Up > Push the wave > Alts up

Money flows from alts to BTC because of ETF expectations. Didnt check marketcap but i assume it didnt significaly get bigger.

Crypto market is reversing slowly and people are starting to loose paitince there is FOMO kicking in and we shall soon see bullrun.

ETF is sheduled for i think 25 september, its not on 10 august! So market have enought time to prepare for bull and i think this is happening right now.

Alts will follow bull hard when BTC cross 10k. Some even before that. Check NEO for instance its on the major support line and it will bounce hard in coming days.

The price trend of BTC should also have a lot to do with the trend of global financial market. BTC is just a speculative tool, which does not have the function of assets.

Bitcoin has always been the highest because it is still trusted as the best for investment. Bitcoin will remain the main and no altcoin can exceed bitcoin. I never doubted bitcoin, and I'm sure bitcoin can change the future for the better.

This is not strange people sell their altcoins to position themselves to the incoming bull run from bitcoin it happens whenever there's an incoming trend to bitcoin like the past forks and uprise, they are just waiting for the SEC's decision from ETF though not all of the altcoins are in the downtrend normal market activities fluctuations as usual.

yes, but not all of them.
I think almost 80% of altcoin prices follow the movement of bitcoin, because currently only a few altcoins are still survive. the rest are completely destroyed.

Altcoins is a competitor of bitcoins, most of the people who are holding bitcoins is just exchanging their alt to btc which makes the volume of alt to increase and bitcoins demand to increase.

Alts are sold directly for BTC, so their BTC price is dropping (go to coinmarketcap and switch currency to BTC to see this), so the USD value of Bitcoin is not hugely affected by this factor. Money are not flowing from alts to BTC, alts simply dropping in their BTC price to remain stable at their USD price. I don't think that Bitcoin can grow as the result of alts suffering, there's no market mechanism for that.

Yeah everyone is anticipating this one. But also I think it's partly due to a shift in sentiment towards bitcoin. More of the public is softening about it and people are more willing to get into it. And then there's the trade wars. Lots of people are rushing to protect their money, and bitcoin is the fastest and easiest for them to get into if they don't know much about the altcoins. The vast ocean of altcoins can be a bit intimidating to those who haven't done any research about it and don't know where to begin. Also ETH is facing some issues with coins being sold back off, so it's been on a steady downtrend for a few weeks now. All in all, I think it's a greater desire for bitcoin that's prevailing right now.

Don't count yourself in the profits already. It may very well be that if Bitcoin starts going down after the SEC rejection, altcoins may go down further with it instead of gaining back some of their 'lost' ratio. People can call altcoins cheap as much as they want, but they aren't really that cheap.

Ethereum has way more downward potential at this point. If it breaks 0.05BTC it with a high probability will dip well below 0.04BTC this year. It will be an interesting time for Ethereum enthusiasts with a hard fork coming up next month. There is so much to break with how complex their network is, and also when it comes to everything running on top of it. In other words, it's going to be an important time for the majority of the tokens.

Its not out of place to see some trend in the direction of prices of the entire cypto market. I have  equally observed that, in the past when there is increase in the price of bitcoin, other major coins tend to move in that direction and the same thing happen when there is a fall in market price but what is happening during this period has invalidated that theory and assumption because not only is the price of major alt coins that move in the same direction stagnant, they have been witnessing some reverse in price to the extent that a trader keeping any of this coins would not see any significant increase in the value of his portfolio as the increase in one is compensated by the drop of the other or others in the portfolio.

I feel its a good one for the market on the average that people are looking beyond the top 10 altcoins to invest or the top 5 altcoins to bring a decent return but they are only relying on the popularity of bitcoin as they move together. Its high time they started to run their own race because even with the current scenario, there have been some alts not within the range of attention witnessing some gradual positives.

how this does not become a new trend when people see for themselves how people benefit from bitcoin, after they see then they are interested and try to enter the bitcoin world, and the more popular it becomes, the more it uses bitcoin.

Bitcoin is always dominating the altcoin because peoples are expecting short term profit then they will realise the exact market trend so automatically they are all move to Bitcoin. But all the Crypto is a asset because nowdays fiat is still rule the entire so it is a future technology and This will globalised on future that day all are invested in Bitcoin. The current peoples are jump to all the crypto.

All the attention is on bitcoin right now, the same happened when the last bull market really took off, bitcoin began going up and then the alts did not moved up immediately but instead it took some time before they began moving, that does not mean that we are going to see some kind of bull market in the next weeks, but this is something we have seen before.

I'm not sure if this is the true reason why BTC is holding its own trend. I'd argue that the prices of alts is even less stable than Bitcoin for the most part, so if that's the reason people are investing in Bitcoin, then they should also be putting their money into altcoins as well since there's chances of a higher profit margin there. I don't disagree that Bitcoin is good for a short investment, but I think there's countless alts that are also good for short investment.

The reason for Bitcoin holding its own personally has to do with the coverage its been getting and the positive following it's raised. Think about it -- Bitcoin dropped a pretty good amount. The naysayers expected it to fall to pretty much nothing. Instead, it held at around 6-7k for a while, then jumped to 8k and here we are. There's a positive message there, and it's that there's still support for Bitcoin -- even in large amounts to raise the price by a double digit % overnight.

you can never say an altcoin is a better investment than bitcoin at any time under any circumstances because if you think bitcoin has unstable price then you already know that altcoins are at least 10 times more unstable. so if your criteria for a good investment is to be stable then you shouldn't even go near altcoins.
not to mention that technically a good investment is something that has lower risk but higher reward. in case of altcoins the risk is extremely high because they are not only not-stable but also they are heavily manipulated which makes them even more unpredictable.

Bitcoin moves independently of other cryptos. Even though you may have saw that other cryptos get influenced by bitcoin's pricing at the past, there isn't really a permanent correlation. Besides, bitcoin dominance has been at all time lows last year and this year, meaning that bitcoin will most likely in my opinion see more recovery in the near future compared to other cryptos.

However, don't expect this bitcoin rally to continue permanently.

I don't think we're getting out of the bear market fully at the moment, and the correction has obviously brought down BTC to the $7.5k mark again. Although some are suggesting that this will be the start of the BTC bull market, I believe we're still far from it at this stage.

Yeah the thing that worries me the most about altcoins is how easily they can be stomped out if someone wants to either hack or short them. It doesn't take much money to acquire 51% of an altcoin and then shut it down. Whereas Bitcoin is much more resilient to these risks. It's firm enough to stand on its own two feet and not get pushed around by manipulators.

It looks like it's pushing back into its downtrend though. That 7500 level is where it broke up above the downtrend it had established, and now it's back through on the negative side... hopefully not for long

I understand you probably talk about an altcoin like nano or something or even smaller and have kinda like couple million market cap in total but we call altcoin to anything that is not bitcoin. So, consider the fact that maybe when someone talks about altcoins they might be talking about ethereum or litecoin or ripple or dash or whatever coin they might be talking about.

Hence, those types of coins can't be bought 51% of or so, well they can but it would require insanely a lot of money to purchase that much of a coin and by that time the price of it will increase significantly and will cost even more, you should focus on bigger coins instead of those small ones you consider. In my observation bitcoin will repeat its history again and again in future. It means how bitcoin prices jumped in 2019, similar kind of rally may happen again in 2019 or earlier too. We all must have to be prepared to touch the moon at that times.

Actually due to possible EFT approval, it is very much obvious that people are taking Interest in Bitcoins. You can see the Bitcoin Dominance in the coin market cap and it is continuously increasing (Currently BTC Dominance: 48.4%)

Although Bull Market has not yet started and we are still experiencing bearish market, but i hope this bitcoin dominance will give good boost to bitcoin price in near future maybe near August 10.

maybe most of the trader are focusing their attention to bitcoin because the bitcoin price now is at the lower price and still getting down in this week. and it makes the altcoin loss their price and gets down too deep. and maybe this will bring a good news for bitcoin itself because I think after this trends, the price can increase higher again and if this continues, the price will break the highest price more than before. but bitcoin still have many times to increase the price and it can happen in the next months.

yes you are right bitcoin is currently falling and tends to go down so it is more likely to hold a holding until the price at the exchange place restores the price.

You have to focus on coins that are larger than the small ones you are considering. In my observation, bitcoin will repeat its history again and again in the future. This means how the price of bitcoin soared in 2019, a similar rally can occur again in 2019 or earlier too.

BTC has been on a downward trend at present, and the price has not broken the long-term downward trend line, so I think the price may reach $4,000.

Actually pretty good question but a never ending one as there is no fixed link even between the oldest of the alt coins and Bitcoin, its all in the minds and I guess usage of the participants spread over crypto.

So last year we had the BTC blockchain split happening and people wanted to hold BTC for that duration and also there was a large influence on alt coins prices rising quite alot as alternatives to BTC.

This year I see the main feature as being that BTC has fixed the order in its own house and reduced transaction fees dramatically.  If alt coins have one person its to easily and cheaply pass value which BTC is already doing quite well hence maybe leading to the lower prices.    Genuine innovation and use is required to justify pricing long term

The attention is in bitcoin due to the ETF, but it seems that is not going to get approved in August, I read that it may take until September for that happen, if that is correct then you need to prepare since it is quite likely that we are going to see the price of bitcoin move a little bit more than usual as people speculate if the SEC is going to finally going to approve the bitcoin ETF or not.

Right because people now are converting their alternative coins to buy bitcoin you now why?just because of the ETF and things will changed after this ,look how great bitcoin has grown its market cap while altcoins continues to drown,as many investors withdrawing support from their own folios though i am a bitcoin fanatic and supporter but i dont like the way how market now are in balanced

Some time this type of relationship between altcoins and bitcoin do happen and I always accuse flippers for this type of price action.  From the beginning of this month things are a bit normalize and we can now see bitcoin and altcoins moving together.

You can always take advantage of the market while the prices are falling because in this way you can invest more coin at its cheapest price which will make you earn more profit when the prices goes back to normal.

I current time we can see that bitcoin price is trading below 6500, which I think is a very attractive price for the investors to invest money in bitcoin. I think that mature investors will get benefit from such a good opportunity and will surely try to invest money in bitcoin in such a low price.

Yeah, it's really hard to form patterns when there's really so little history to look at. People have talked about alt season but there's really only been one big one that culminated around Bitcoin's ATH - most alts have simply not been around long enough to really see discernible patterns emerge.

By that same definition, Bitcoin has always held its own trend. There's no other coin it follows. Rather than rely on the cryptomarket, it's the entire crypto market that gets pulled along by Bitcoin. Of course, the way it spiked and then dropped over the past month was largely a move alts didn't immediately follow, but it still generally gave momentum.

I'd agree with that. Bitcoin has clearly carved out its own path but the altcoins just like to imitate it whenever possible. The usability of Bitcoin makes it more attractive to regular investors and that's why it tends to follow its own trend. Altcoins might follow too, but they won't keep up for long.

It's also hard to see where crypto is going because of that lack of data. Try looking at a weekly or monthly chart and you'll be scratching your head. The only info you have are the past few candlesticks because there's no long term trend. We can only look at short term trend lines on hourly and daily charts.

Yes that is right that there are a lot of altcoin, but it is for clear not a single altcoin can compete with bitcoin. bitcoin is the first choice of the people, those people who want to trade other altcoin, even they use to convert bitcoin to trade that currency but most of the people always hold bitcoin and wait for the best time to sell.

That is correct but many people depend for the price to go up in order to get profits and that is the case because they are not holding a lot of fiat, many of the investors put all their fiat already in cryptocurrencies so the price cannot go up unless new money begins to enter this market which is one of the reasons the market is taking so much time to recover.

I agree with you there must be new investors, who come in so prices will increase again because some investors have almost used their money to buy alt coins at high prices.

Bitcoin is always in Trend Since launched. Some investors Took a loan to invest in bitcoin during Peak stage and loss all money. Example taken from Dubai.
 Some people Just depend on Day Trading , they are happy with low profits but risk Is very less.
Long term players Have High risk as Anything can happen in future. Most of investment are in altcoin as compare to btc.

Many people just Depends on Prediction by Experts and They purchase and sell on that basis. But still bitcoin is Much safe as compared to altcoin

People have already mentioned that bitcoin price increase usually means alts going down because of the valuation against each other.
But lets also not forget that when the bull market came, when bitcoin was 20 thousand dollars, there was all kinds of altcoins that went up in price. That means when bitcoin reached 20k, if that coin stayed at zero, not go down or not go up that means that coin made money on dollar value because its valued against bitcoin and bitcoin went in price. When it makes gains against btc, its double profit, both on price of btc and dollar value and both against btc increasing value.

Hence, it is not insane to assume when bitcoin go up, some alts may go up as well. This time it is not just "alts losing value against bitcoin" it is also "people are withdrawing from the market" as well. Which is worse if you ask me.

People converted their money into altcoin temporary , because when they realize that bitcoin price is now going to start increasing they again reinvest their money into bitcoin. They know that bitcoin has too much potential as compare to other crypto currencies.

I really think that there are many new investors coming in this market but they are buying cryptocurrencies in such a way to try to not make the price to go up and as soon as they see the market going up they stop buying, they want to buy their coins as cheap as possible and then reap the benefits of their strategy in a few years so if you can do the same.

It's strange how the alts struggling recently. It goes to prove that bitcoin should always be the largest of your portfolio. It will be quite unusual to see alts rising for weeks while bitcoin descends, unlike we are seeing the alts going down against BTC.

     The price movement of Bitcoin is playing with investors who are treating it fine as a long term investment but investors who are not treating it well and sell in low market for small profit are bringing decline in the value. This marvelous trend will finish only if investors learn to sell in high market only for maximum profit and treat it as a long term investment. Bull market will soon appear if we follow this strategy.