What's driving altcoins?

[thesavoyard]

We're in a strong bull market for Alts. BTC is up too but within its normal limits. Anyone have a clue? I would guess trading bots butt hat would be a shot in the dark. I really have no idea what's driving the entire market.

[kolap]

We're in a strong bull market for Alts. BTC is up too but within its normal limits. Anyone have a clue? I would guess trading bots butt hat would be a shot in the dark. I really have no idea what's driving the entire market.

Fake pump on Poloniex. Ethereium, Dash and Monero pump all originated from them.

[CraigWrightBTC]

I think there are not driving altcoins fluctuation of price depend on the updating from developers,
investors, traders and some speculators that pump and dump the coins,
also the news from media about the altcoins good news will make up trend and bad news down trend
basiccally there are not groups registered on exchangers that has plan to pump and dump. 

[XbladeX]

We're in a strong bull market for Alts. BTC is up too but within its normal limits. Anyone have a clue? I would guess trading bots butt hat would be a shot in the dark. I really have no idea what's driving the entire market.

man go to :
https://web.archive.org/web/*/http://coinmarketcap.com/

and look at last BTC pump like 4 DEC 2014
https://web.archive.org/web/20131204165059/http://coinmarketcap.com/

and what can history teach you ?

Bitcoin drives people attencion to crypto coins. Once people see that for BTC may be to late they rush into alts.
for bigger profits alts like allways:
- faster blocks
- next BTC
- mass adoption (Bitcoin to slow)
- we will be more decentralized

What history teach you after that party ?
How many coins do you know/see today ?
Pumpers skipped Doge/LTC and went for "fresh blood"

Sadly after that party you will have ICOs part
https://web.archive.org/web/20140214173259/http://coinmarketcap.com/
2 months later ripple/mastrcoin come and get high market cap
and old coin were sliding down till today LTC DOGE PPC NXT
so get your lesson and better get aut of alt market on time.
(last time all those coinswante kick out BTC out of road Do you see similarities today ?
Maybe alts will go higher now i don't know but once they are falling they are falling for good

[SyGambler]

not sure of what's going on since almost all the alts are up and bitcoin price isn't down , that means there are new money entering the market of the cryptocurrencies but it's still not that obvious why
lol even Namecoin was pumped around 150% overnight , let's wait for a couple of days

[raphma]

Since ETF, a lot money came to bitcoin.
new investor who didn't know about this crypto world is investing in other coins too(specially because ETF was denied).

well, to me that's the reason.

[spatifilium]

It all started reduced the popularization of a coin that people are buying and that his value rises, it looses a sense of doing what he is
for now it is interesting to people but I think it will suddenly begin to lose value when they get tired of it

[ttookk]

Since ETF, a lot money came to bitcoin.
new investor who didn't know about this crypto world is investing in other coins too(specially because ETF was denied).

well, to me that's the reason.

I don't know, looking at this graph:

http://coinmarketcap.com/charts/#btc-percentage

…it all looks like a pattern, doesn't it.

I think you are right that bitcoin rallying helps other alts to get more exposure.

I suspect this pattern will break at some point, but apparently, it's not the time.

[animalroam]

I think the primary reason is the migration of funds into altcoins. As the marketcap of Bitcoin keeps growing, some of that is diverted into altcoins. Many are predicting that BTC will either stay stable or drop in value in the coming months, so putting some BTC in the altcoin markets may be a better choice than holding pure BTC.

[XbladeX]

It all started reduced the popularization of a coin that people are buying and that his value rises, it looses a sense of doing what he is
for now it is interesting to people but I think it will suddenly begin to lose value when they get tired of it

you know most of all altcoins are used for PURE speculation.
Eth is trying making some system that will use ETH as fuel - OK it can work
Dash have masternodes (some special kind circle jerck where all people have to buy 1000coins to jin club) since price ahs rissen a lot.
But since Etherum is a fuel then fuel can not be to expensive because people we will stop riding "eth" vehicles
Doge they tried charity makes some shops but at end it looks that 80 000reddit community doesn't work and this is going nowhere.
Doge was trying mass adoption but all failed (i have sold few games for DOGE )
i completely  don't get people that are thinking that dash will be currency for masses when even Doge bored people.

Crypto and cyrrency for masses oh come on, you allways pay 3% premium to exchange crypto>fiat , from economical  view that have no sense, you will always pay more crypto than with fiat when price is constant

[ubercool]

It's a matter of fake dump and pump strategy. Everyone know that Bitcoin is the strongest but the exchanges are making less profit with it so they are trying to promote altcoins which will be a scam eventually.

[thesavoyard]

Jesus if you think every other coin but your favorite is a scam, just don't post. You don't sound intelligent. I have zero loyalty to any coin but a lot of experience in business.

  This forum is a like an autistic gang war. With a bunch of moderately functioning retards going all in for their favorite coin.

  Honestly, I'm judging coins on merit. Privacy is one but functionality in everyday use and security is another. The final and what will decide the winner is the quality of marketing. Start using unbiased rational to judge your coins. Coins like Monero have little going for it. Not even the drug market likes it. I read an article that said less than 2% of drug dealers will accept it. Talk about a worthless coin.

[lurker10]

We're in a strong bull market for Alts. BTC is up too but within its normal limits. Anyone have a clue? I would guess trading bots butt hat would be a shot in the dark. I really have no idea what's driving the entire market.

Technical and political issues in Bitcoin, people realizing it's not the only game in town and too big to change, many alts have features in demand by the market that Bitcoin will never get. It's not a winner take it all market, it could look like that in the early years, but this is changing.

[Piston Honda]

most big runs are just whales and their loaded bots after accumulation.  also based on hype/speculation and insider knowlege, ESPECIALLY on poloniex which is basically a cartel run exchange that add coins they want and let bot/whale groups trade as they wish. 

you do get 'real' buy/sells mixed in but in NO way the fucking crazy amoutns you see traded daily.

[BitcoinHodler]

We're in a strong bull market for Alts. BTC is up too but within its normal limits. Anyone have a clue? I would guess trading bots butt hat would be a shot in the dark. I really have no idea what's driving the entire market.

what do you mean trading bots! is it something like the terminator and computers rising

it is all pump and dumps around here in these parts and they are all using the same old bitcoin is dead techniques these days to pump their coin.
give it a couple of weeks and come back to see all this hot air vanished and these coins back to normal dying downward spirals...

[savioroshan]

I think there are 2 major things that drive the price of altcoins. First is the price of bitcoin itself. Since bitcoins price is rising day by day, many people believe that one day, altcoins price also will increase like bitcoins. Second thing is ETF approval. Many people thought after ETF approval result, bitcoins price will go down and altcoins price will increase. So many people invested in altcoins thinking this. As you all know if supply decreases and demand increases , definitely its price will also increase.

[densuj]

The driver altcoins are the developers of altcoins, what will be done with the altcoins
depend on developers and comunity of coins in fundamental of altcoins,
the driver altcoins price are traders, investors who searce profit from trading altcoins,
usually they see the altcoins depend on the candle chart analysis technical and
sometime they see the altcoins depend on fundamental of altcoins.

[kryptqnick]

not sure of what's going on since almost all the alts are up and bitcoin price isn't down , that means there are new money entering the market of the cryptocurrencies but it's still not that obvious why
lol even Namecoin was pumped around 150% overnight , let's wait for a couple of days

I guess it just means that we are entering a new era. Era of cryptocurrencies. People tend to believe in them more and more and find an opportunity to get rich in buying altcoins. And, as they demand them, the price grows. Some people lose, others win. And another factor is casinos which sometimes accept common alts like doge, ltc, monero and sometimes have their own coins and let them grow in the casino like Burstcoin and BTCDragon casino.

[HCLivess]

What Marc de Mesel said, the BTC risk/reward ratio is dropping and BTC flows into empty altcoins to be secured.