Alts dropping is not the beginning of BTC bull market

[freshman777]

BTC is still going to pump. Even though the block size debate is/was critical and it's sad to watch how they handled it, there is still 2 much money invested there to just let it rot. Not pumping would cause some panic and negative thoughts imho.

The size of BTC market cap suggests it can't be pumped when a large part of the community have lost faith in it. roach alone can't do it. There are no strong arguments in sight to restore the faith. In my playbook the trading range of BTC this year will stay in the $300-$500 bounds, no dramatic oscillations will happen in both directions.

[alyssa85]

Investors exit to sit on sidelines. Confidence in Bitcoin is undermined by the decentrally insolvable block size dilemma and unknown consequences of the summer halving.

Well that's plausible I guess.  You certainly can't deny that bitcoin is stuck around 420, and there's something keeping it there.

It may be that it's just stable for now. The bearish alts market we're having might be caused by players having lost confidence on ETH, and has nothing to do with BTCBTCBTC at all.

The bearish alt market is just down to people sensibly taking profits, and the rest of the fall is usually triggered by stop losses.

[Nxtblg]

Investors exit to sit on sidelines. Confidence in Bitcoin is undermined by the decentrally insolvable block size dilemma and unknown consequences of the summer halving.

Well that's plausible I guess.  You certainly can't deny that bitcoin is stuck around 420, and there's something keeping it there.

It may be that it's just stable for now. The bearish alts market we're having might be caused by players having lost confidence on ETH, and has nothing to do with BTCBTCBTC at all.

The bearish alt market is just down to people sensibly taking profits, and the rest of the fall is usually triggered by stop losses.

"Profit-taking." Geez, that's a term I've hardly thought of since I showed up here! Thanks for the intervention, Capt. Obvious.

[r0ach]

BTC is still going to pump. Even though the block size debate is/was critical and it's sad to watch how they handled it, there is still 2 much money invested there to just let it rot. Not pumping would cause some panic and negative thoughts imho.

The size of BTC market cap suggests it can't be pumped when a large part of the community have lost faith in it. roach alone can't do it. There are no strong arguments in sight to restore the faith. In my playbook the trading range of BTC this year will stay in the $300-$500 bounds, no dramatic oscillations will happen in both directions.

Which is why nobody takes any 1 and 2 star posters seriously, they're all Israeli banker shill accounts or incredibly dishonest, penny stock day traders.

[freshman777]

BTC is still going to pump. Even though the block size debate is/was critical and it's sad to watch how they handled it, there is still 2 much money invested there to just let it rot. Not pumping would cause some panic and negative thoughts imho.

The size of BTC market cap suggests it can't be pumped when a large part of the community have lost faith in it. roach alone can't do it. There are no strong arguments in sight to restore the faith. In my playbook the trading range of BTC this year will stay in the $300-$500 bounds, no dramatic oscillations will happen in both directions.

Which is why nobody takes any 1 and 2 star posters seriously, they're all Israeli banker shill accounts or incredibly dishonest, penny stock day traders.

Ha, you like to think you're a sleuth, don't you?
I assure you couldn't make a penny from your sleuthing skills, that's how bad you are.
Keep hyping the flawed Bitcoin to dump on unsuspecting n00bs, their blood will be on your hands.

[r0ach]

BTC is still going to pump. Even though the block size debate is/was critical and it's sad to watch how they handled it, there is still 2 much money invested there to just let it rot. Not pumping would cause some panic and negative thoughts imho.

The size of BTC market cap suggests it can't be pumped when a large part of the community have lost faith in it. roach alone can't do it. There are no strong arguments in sight to restore the faith. In my playbook the trading range of BTC this year will stay in the $300-$500 bounds, no dramatic oscillations will happen in both directions.

Which is why nobody takes any 1 and 2 star posters seriously, they're all Israeli banker shill accounts or incredibly dishonest, penny stock day traders.

Ha, you like to think you're a sleuth, don't you?
I assure you couldn't make a penny from your sleuthing skills, that's how bad you are.
Keep hyping the flawed Bitcoin to dump on unsuspecting n00bs, their blood will be on your hands.

^ Prime example of the bs the banker shills post with their automated spam accts.  This guy will be spamming about how Ripple is awesome in some other thread in a minute.

[mickiya]

The altcoin price is not inversely related to the bitcoin. When the bitcon rises later this year, altcoin will also rise.

[Rogovila]

all the profits are going into LISk

[-Greed-]

Nah, the pumpers soon will start dumping the bitcoins they profited from the altcoin pumps.

[Superways]

Now everyone is taking more interest in bitcoin because of its price increase in the coming few months, everyone is investing more at there and I think that is why other crypto currencies are a little at low rate, and as soon the July is passed the time for other crypto currencies will start the people will then be free for investing in other currencies , so the time of altcoin is not far away.

[freshman777]

The altcoin price is not inversely related to the bitcoin. When the bitcon rises later this year, altcoin will also rise.

The past correlations are a little relevant as the landscape has changed in the last three months.

[Pffrt]

Most altcoins lost approximately 20% of their BTC value over the past few days, for sure some mechanism is behind this.

I can imagine people are moving their money from altocoins to bitcoin, expecting a price rise. However, after the ETH pump a lot of new money flowed into altcoins, with some crazy pumps and price rises as a result. Possibly the new money wave as run out and the prices resettle a bit?

The important thing to figure out right now is of course whether or not the trend will continue, and if we should move our money as well. What do you guys think?

[BitcoinHodler]

i don't know why people always try to attach every movement in the altcoin market to bitcoin's price. it is rarely relevant.

when the altcoin's price is going higher and higher we cans see countless topics saying bitcoin is dying so people are selling bitcoin to buy altcoin.

and now that those investors are dumping altcoin you say they are selling to sit on sidelines!!!

[lanmao]

i don't care about this stuff , BTC is better than a year earlier.

[jjacob]

i don't know why people always try to attach every movement in the altcoin market to bitcoin's price. it is rarely relevant.

when the altcoin's price is going higher and higher we cans see countless topics saying bitcoin is dying so people are selling bitcoin to buy altcoin.

and now that those investors are dumping altcoin you say they are selling to sit on sidelines!!!

Most altcoins are traded on exchanges using bitcoins.
So a sell out of alts automatically means that at least some of those investors are holding bitcoins.

[Red-Apple]

Investors exit to sit on sidelines. Confidence in Bitcoin is undermined by the decentrally insolvable block size dilemma and unknown consequences of the summer halving.

well, this is not always true. sometimes they dump their altcoins to enter another altcoin which is starting to get pumped.

and the confidence in bitcoin is because of its huge trade volume which shows the interest of traders and the demand in the market.

[freshman777]

Investors exit to sit on sidelines. Confidence in Bitcoin is undermined by the decentrally insolvable block size dilemma and unknown consequences of the summer halving.

well, this is not always true. sometimes they dump their altcoins to enter another altcoin which is starting to get pumped.

and the confidence in bitcoin is because of its huge trade volume which shows the interest of traders and the demand in the market.

it's more complicated than what you think.

https://www.reddit.com/r/btc/comments/48vhn0/the_owners_of_blockstream_are_spending_75_million/