The altcoins have started moving..

[spazzdla]

This entire run they haven't moved... any opinions on if this will do anything to the BTC price?

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[7788bitcoin]

I feel that the alt coin's prices have dissociated from that of bitcoin. Alt-coins are mostly for "fun" only. Only bitcoin is getting more "serious".

[CoinsCasa]

I feel that the alt coin's prices have dissociated from that of bitcoin. Alt-coins are mostly for "fun" only. Only bitcoin is getting more "serious".

Yep The only other coin that really ever got any attention was litecoin

[pawel7777]

I feel that the alt coin's prices have dissociated from that of bitcoin. Alt-coins are mostly for "fun" only. Only bitcoin is getting more "serious".

Yep The only other coin that really ever got any attention was litecoin

Lots of alts had their 15 min of fame.

Anyhow, shouldn't this thread be moved to altcoins board?

[franky1]

the answer is much simpler..

the exchanges that handle the hundreds of alts.. dont handle dollar..
the exchanges that handle dollar only handle a few alts. like litecoin.

any exception to this are exchanges where the volume has little impact on the entire pricing average.

so dont expect large movements due to alts, as the ripple in the pond effect doesnt spread that far without there being a big splash

[crazyivan]

This entire run they haven't moved... any opinions on if this will do anything to the BTC price?

The usual cycle, first weak hands sell to get as much BTC as possible, then, when BTC price increases enough, alts start getting pumped cause ordinary people cannot afford BTC and buy the next best thing. Buy high volume alts, you ll profit on them within a year.

[NorrisK]

This entire run they haven't moved... any opinions on if this will do anything to the BTC price?

The usual cycle, first weak hands sell to get as much BTC as possible, then, when BTC price increases enough, alts start getting pumped cause ordinary people cannot afford BTC and buy the next best thing. Buy high volume alts, you ll profit on them within a year.

Agree, especially LTC and NMC have a good potential to make you 2 or 3 times your investment (look at historical graphs and you see some nice runs for both of them, usually together).

They can move much faster as well, due to the relatively lower volume and sell walls that are present on them.

[christycalhoun]

This entire run they haven't moved... any opinions on if this will do anything to the BTC price?

The usual cycle, first weak hands sell to get as much BTC as possible, then, when BTC price increases enough, alts start getting pumped cause ordinary people cannot afford BTC and buy the next best thing. Buy high volume alts, you ll profit on them within a year.

Yup, this happened during the boom in 2013. Anyone else remember the $15+ Litecoins? hahaha

[NorrisK]

This entire run they haven't moved... any opinions on if this will do anything to the BTC price?

The usual cycle, first weak hands sell to get as much BTC as possible, then, when BTC price increases enough, alts start getting pumped cause ordinary people cannot afford BTC and buy the next best thing. Buy high volume alts, you ll profit on them within a year.

Yup, this happened during the boom in 2013. Anyone else remember the $15+ Litecoins? hahaha

15+? 30+ you mean :p it skyrocketed after 15 indeed but it also managed to hold the low 20 range reasonably well after the pump to 50.

Even NMC hit 15 USD briefly at that time.

Those were the days! If stuff like that happens again, I'm a happy man with my improved ltc holdings since 2013.

[cjmoles]

Yes!...Today, many of the alts started moving because bitcoin's price increased causing the alts to become more valuable. In turn, the alts were accountable for much of the volume of bitcoin because people need bitcoin to purchase and trade the alts, thereby driving up the price of Bitcoin....smile....I love it!

[Denker]

This entire run they haven't moved... any opinions on if this will do anything to the BTC price?

The usual cycle, first weak hands sell to get as much BTC as possible, then, when BTC price increases enough, alts start getting pumped cause ordinary people cannot afford BTC and buy the next best thing. Buy high volume alts, you ll profit on them within a year.

Yup, this happened during the boom in 2013. Anyone else remember the $15+ Litecoins? hahaha

Litecoin was more than $30 around that time.
If this thing repeats, and I believe it will, there is still much room for Litecoin too increase.

[DoubleMyBitcoins]

yes I believe that one day nearly all alt coins (of today) will even be as high as bitcoin...

[vervolioman]

Few coins have moved, litcoin, eth and dash looks like it is coming back but yeh not many have moved.

yes I believe that one day nearly all alt coins (of today) will even be as high as bitcoin...

 

 

[crazyivan]

yes I believe that one day nearly all alt coins (of today) will even be as high as bitcoin...

Not even close. Only few, the most interesting/innovative and the ones with highest volume will survive. People do like diversity but 1000 clones of the same thing will not be able to coexist.

[eyeknock]

This entire run they haven't moved... any opinions on if this will do anything to the BTC price?

The usual cycle, first weak hands sell to get as much BTC as possible, then, when BTC price increases enough, alts start getting pumped cause ordinary people cannot afford BTC and buy the next best thing. Buy high volume alts, you ll profit on them within a year.

yep and this is not the first time that this happened, people should start to realize that this is the mission of the alts, bitcoin is the only one currency that's really matter yes?

[maokoto]

I was going to dump some litecoins I have earned these last days. From the posts here, seems like it would be a good strategy to hold them, right?

[NorrisK]

I was going to dump some litecoins I have earned these last days. From the posts here, seems like it would be a good strategy to hold them, right?

They only went back to the level they were before bitcoin exploded. The ratio to btc is back to normal again. Couls remain stable, but i dont see a certain increase coming up.

And they have lost a percentage already, It's everybodies guess at this point.

[gentlemand]

I think it'll be an object lesson in people never learning. Barely a single alt has brought anything to the table since the last explosion but if there is another one we'll see endless posts about a goat herder in Tajikistan accepting Wankcoin and how this time it's different. As they collapse again it'll be whales holding the price down rather than no one giving a fuck. Still, there'll be profit to be made by someone somewhere but it would be nice to think people were a little wiser now. There's no shortage of precedents now.

[Febo]

Alts price will move also. In fiat they already move. Question is which alts will move most and first. Will be the same as in 2013 or will be the ones that are now most popular. 
I think the first, since new users that will join Crypto movement will first notice old coins that already made some marketing in past and have positions on many exchanges. 
Some altcoins that will be successful in future  with features that Bitcoin dont have and are bringing something new to the table will start growing n second wave, after new users will educated about crypto more.

[CoinNation]

Maybe we are in a bull market for all cryptocoin now. I see Ethereum, Dash and litecoin price rise. The price rise might last.