What's happening?

Almost every coin is up double digits. Why?

Quote from: Joe200 on March 13, 2017, 01:50:26 PM

Almost every coin is up double digits. Why?

i think its normal because we see in the price of bitcoin that is increase so altcoin is increase too like btc. almost altcoin is make a new price floor and i think the new price is high than before so if we have a stock for that coins, then we can make profit too.

Quote from: jcojci on March 13, 2017, 01:55:51 PM

Quote from: Joe200 on March 13, 2017, 01:50:26 PM

Almost every coin is up double digits. Why?

i think its normal because we see in the price of bitcoin that is increase so altcoin is increase too like btc. almost altcoin is make a new price floor and i think the new price is high than before so if we have a stock for that coins, then we can make profit too.

Wrong, Alts are going WAY much higher than BTC, so it's not because of BTC increase. Btc is like 3% up, and soem alts, like ETH, XMR are +20%.

Maybe some people expect a decrease in btc price so they tried to buy altcoins instead of staying in btc?

It's cause lots of new money is flowing in Grin

Quote from: BaggedGoods on March 13, 2017, 04:18:11 PM

It's cause lots of new money is flowing in Grin

Sounds like this indeed, because nothing is in the red today.

yeah new investors jumping in the world of crypto i think, nothing can explain this simultaneous rise, i think while the EFT did bad, still many were eharing about bitcoin with it and therefore they searched and are buying altcoin, to get cheap profit, altcoin are known to eb a good way to have many bitcoin, if you invest well

Be cautious i see alot of pumps going on at the moment i dont think it has to do with bitcoin too much

I am not quite sure if altcoin able to compete with bitcoin and the current price is a lot happening pump seen

Most altcoins dropped a ton in the last months.
Some tried to make money with ETF, but now they are changing direction and try to earn again from alts.
Or all this ETF drama made much more traders turn their eyes to the cryptocurrency area and they came to make money.

I don't expect them to "come in peace". They'll do all they can (including pump and dump schemes) to earn money (USD) without caring of the rest.

Quote from: NeuroticFish on March 14, 2017, 12:28:57 PM

You said the truth, people oversold altcoins during bitcoin pump, and now is price correction after ETF disapproved by SEC, money re-flows into altcoin markets.

bitcoin went up, everyone dumped their altcoins to come back to bitcoin. then bitcoin went up some more, altcoins got dumped more. and then bitcoin continued going up and altcoins were dumped pretty hard.

all those dumps meant bottom prices were reached in almost all the altcoins. and now that bitcoin is stable once again, trading is getting hotter back in altcoin world and pumpers who picked up the bottoms are now pumping the coins to cash out.

Quote from: Red-Apple on March 14, 2017, 01:20:35 PM

Yes, you explained the situation quite clearly. A lot of money went back to altcoins because ETF was rejected. But After some days of pumping we are back from where we have started - Bitcoin continues its rally and we should see dumping of alts. It suggests that we'll see a new low of many alts because BTC is going to ATH. It will pump very hard because of huge media hype around Bitcoin. People are starting to cash back and going into BTC because they don't want to miss a bullish run.

Quote from: Mihaylovic on March 13, 2017, 04:18:00 PM

Maybe some people expect a decrease in btc price so they tried to buy altcoins instead of staying in btc?

The transaction time for many good altcoins are much faster and the fee are much cheaper. So they are in demand.

Quote from: Vatimins on March 14, 2017, 02:06:57 PM

Quote from: Mihaylovic on March 13, 2017, 04:18:00 PM

Maybe some people expect a decrease in btc price so they tried to buy altcoins instead of staying in btc?

The transaction time for many good altcoins are much faster and the fee are much cheaper. So they are in demand.

but fee are cheaper because every altcoin out there have low amout of transaction, the reason for me why the price is increasing is not what you are saying more like speculation, and new money influx, still it's surprised that bitcoin and altcoin, both are pumped, ussually only one of the two

Right, i saw it in poloniex most of the buying orders and the pumping of alts was coming from the usdt base not from btc base , so this means new investors or ppl who sold btc and made some profit trying to jump this usd in alts...my opinion

no etf.

even though i think ultimately it wouldn't have done very much if it had passed, it would have set bitcoin apart from alts and made it something elevated. i think alt holders were waiting to see what happened.

now it's a no show they can go back to their pumping and telling everyone how their coin will overtake bitcoin by the end of the year. no, really.

there is nothing strange about altcoins getting pump and dumped even to the high prices, it is perfectly normal and perfectly common.

but the weird thing is that some coins like Dash are going crazy! i mean $100! i saw it today and i am still trying to process the power of the pumpers and how they are doing it.

Quote from: Joe200 on March 13, 2017, 01:50:26 PM

Almost every coin is up double digits. Why?

This is normal wait for the dumping sell your coin before its too late its hard to regret always watch the graph before you sell your coin i already sold up my coins and waiting again for dump happen before buying it again

Quote from: jcojci on March 13, 2017, 01:55:51 PM

Quote from: Joe200 on March 13, 2017, 01:50:26 PM

Almost every coin is up double digits. Why?

but ussualy is diference youre statement and write
usually if bitcoin price incraese every altcoin can down price, this now anomaly altcoin price
because bitcoin price incraese high, altcoin can incraese high too, special is very high incraese ethereum and DASH