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The higher the rise, the bigger the plunge (btc vs alts)
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Topic: The higher the rise, the bigger the plunge (btc vs alts) (Read 1317 times)
Fatunad
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Re: The higher the rise, the bigger the plunge (btc vs alts)
October 15, 2017, 05:29:53 PM
#41
Quote from: Armstand on October 15, 2017, 05:22:19 PM
Quote from: MiBambino on October 15, 2017, 03:58:47 PM
Quote from: thepo1m on October 15, 2017, 02:54:11 PM
I don't think Bitcoin price will plunge, altcoin will only need to go and meet Bitcoin at the top, there are some prjection that by March 2018, Bitcoin will be at $10k
By march 2018 that may be right, but before it goes there it'll drop, it has always done that, and it will keep doing that
Every pump have a corresponding dump, what we don't know is up to what amount and when will it occur, so always have a backup plan and backup cash too sinace it will be long ride.
We should really get used to it knowing crypto trading is really just like a sea which it do have waves and for us traders or investors we should really know how to ride incase if theres a storm.Back up plans would really be always suggested incase of unexpected things do happen.$10k price prediction is somehow possible but not would happen on next year for sure.
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HoLeeDik
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Re: The higher the rise, the bigger the plunge (btc vs alts)
October 15, 2017, 05:53:38 PM
#42
I must say I think 10k is very possible soon. I think around June or July bitcoin will be 10k A LOT of people are getting into bitcoin and altcoins at the time.
Jeanrogerrabite
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Re: The higher the rise, the bigger the plunge (btc vs alts)
October 15, 2017, 06:37:42 PM
#43
The problem with many alts is that tokens are useless for the moment. Many projects can't explain why you should hold their tokens for a real use and I think it's dangerous.
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MiBambino
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Re: The higher the rise, the bigger the plunge (btc vs alts)
October 15, 2017, 07:50:24 PM
#44
Quote from: Jeanrogerrabite on October 15, 2017, 06:37:42 PM
The problem with many alts is that tokens are useless for the moment. Many projects can't explain why you should hold their tokens for a real use and I think it's dangerous.
The tokens are basically tradeable shares, barely different from the shares of microsoft or google, except they're spendable to some extent
imusify
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atc1-REAL
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Re: The higher the rise, the bigger the plunge (btc vs alts)
October 15, 2017, 08:10:53 PM
#45
Now that the fork is happening,seemingly, the trend is positive toward the fork. It's possible that people want to repeat the success of BCH so that they're grabbing bitcoin as much as they can whereas other btc owners are holding as well. So the price is increasing because of that. There seems to be a reasonable level of certainty as to what will happen after the fork , which is that there might be a massive dump because they may move their money into altcoins again.
Choosewise
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Re: The higher the rise, the bigger the plunge (btc vs alts)
October 15, 2017, 08:15:15 PM
#46
Sooner or later the money is going to flow into alts. The higher bitoin goes, the stronger alts rebound will be.
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MiBambino
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Re: The higher the rise, the bigger the plunge (btc vs alts)
October 15, 2017, 08:32:16 PM
#47
Quote from: Fatunad on October 15, 2017, 05:29:53 PM
Quote from: Armstand on October 15, 2017, 05:22:19 PM
Quote from: MiBambino on October 15, 2017, 03:58:47 PM
Quote from: thepo1m on October 15, 2017, 02:54:11 PM
I don't think Bitcoin price will plunge, altcoin will only need to go and meet Bitcoin at the top, there are some prjection that by March 2018, Bitcoin will be at $10k
By march 2018 that may be right, but before it goes there it'll drop, it has always done that, and it will keep doing that
Every pump have a corresponding dump, what we don't know is up to what amount and when will it occur, so always have a backup plan and backup cash too sinace it will be long ride.
We should really get used to it knowing crypto trading is really just like a sea which it do have waves and for us traders or investors we should really know how to ride incase if theres a storm.Back up plans would really be always suggested incase of unexpected things do happen.$10k price prediction is somehow possible but not would happen on next year for sure.
Bitcoin is always a solid hedge, just like right now. In that case you can always invest some in the alts in case they dump
imusify
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