Poor performance of altcoins on this BTC crash

[shinratensei_]

I'm surprised Monero or Ethereum or one of the other top coins hasn't gone up more,
but apparently people are scared of crypto in general right now and holding their money in fiat.

There is a good chance that one of these coins has big gains in the next week or two as long as Bitcoin price doesn't totally crash.
If you pick the right coin you might see 25% to 50% gains over the next few months.

I do agree, most of the chinese user are now laying low and change as much as their coin into fiat, so we are seeing so many price dumping, until the government finished their investigation, we will see the price keep crashing

Remarkably, these events move is always the same every year, bitcoin is always unstable in the early to mid-year. As if the players altcoin and bitcoin rumors in China is to function as a price destroyer. I hope the Chinese government more thoroughly investigate some crypto domestic market such as the three main markets (okcoin, huoby, and Btcc)

There is a relationship between the government and the exchange site. The exchange to pump the coin and the government to dump the price of the coin.

This case is pure FUD has made by the government.

[Febo]

Why OP dont present any numbers?   He just keeps open useless threads. How hard is to look at prices a week ago and now and see exactly what happen?

[klarki]

How long do will be conducted checks?
Really rate fell only because of this?

[susila_bai]

BTC crashes because of more chinese bullshit (whatever the government says good or bad, is used by traders to crash the price and buy cheaper then pump higher later on, so it's a good time to buy BTC)

But one would expect that the altcoins make a rise when this happens, we have seen that to the contrary, most alts are red, few a re sightly green... stupid ass Ripple is the one that pumped lol.

It is true that when the price is crashing in bitcoins some coins are rising and the main coins are rising but some shit coins are also rising but dont take them in conclusion to invest as they are just pump and dump coins. coins like ETH, DOGE, which are worthy to buy in this decline price of bitcoin

[ruselbd]

I've read a lot of rubbish about the rise and rise of Bitcoin from people who clearly know nothing how financial markets work.

Now I'm not saying that Bitcoin won't ever go higher in future. But the gung-ho 'buy now before it's too late' panic that I've seen is purely marketing hype.

The fact that prices rose sharply at the start of the week indicates that the market makers were setting things up to start the year with a nice profit.

When they achieved their objective they sold, and the price has dropped like a stone as they drew out their profit - the two longish red bars (or candlesticks) on the chart below illustrate this.

Today's candlestick is a pattern that could indicate that the selling spree has ended - although being a weekend it's not really a good enough indicator and could simply be a pause before further falls occur on Monday.

Using Fibonacci levels to determine where prices could go, an area around the $750 mark shows up as being one of support. This is an area where prices will most likely start to bounce back up.

What should you be looking for?

The candle bodies will be much smaller, and often - although not always - prices bounce of a given area for a while. It's when that start happening traders look to buy.

Bitcoin is a good asset to have in your portfolio - I've got some myself and benefit from a mining operation.

But if someone comes along and says "Buy, because the price is shooting up..." don't get caught up in the hype then take a moment to study the market.

People who bought at $1000 would have gotten much better value had they waited.

[Ryan Dugan]

BTC crashes because of more chinese bullshit (whatever the government says good or bad, is used by traders to crash the price and buy cheaper then pump higher later on, so it's a good time to buy BTC)

But one would expect that the altcoins make a rise when this happens, we have seen that to the contrary, most alts are red, few a re sightly green... stupid ass Ripple is the one that pumped lol.

I will agree with you that once the price of BTC crashes, then the price of Alts should increase based on the fact that of is measure in relation to it. But at the same time, one should not be oblivious of the fact that things dont always work in black and white and whatever happens to bitcoin, will definitely affects other Alts if people are dropping btc then they are surely dropping alts and it will take time to adjust to reflect the current phenomenon.

What are you talking about what have the Chinese done to make the price crash ? Could you keep up to date with Chinese news and use it to predict the price ? Last year the same thing happened it crashed end of year then started building slowly. Maybe the same this year ? Bitcoin $2k ? I say yes !