People selling alts to go back in BTC

[richardsNY]

Looks like the bottom was 8XX, now that the hard fork fears are going down and bitcoin unlimited is pretty much dead beyond any reasonable expectative, I can see more and more people jumping back in the Bitcoin train. Looks like ETH already peaked and BTC bottomed.

All this was temporary and people understood bitcoin will always be on top of all alts.

Funny is that when the price of Bitcoin is increasing, people are cool and excited about Bitcoin's future. But if Bitcoin is dropping and altcoins as result go up, the same group of people will then lose faith in Bitcoin and start thinking that altcoins can potentially surpass Bitcoin. Not only the price of crypto in general is volatile, but also the people here. It's mind boggling how easy people lose faith in Bitcoin just because the price drops. Some even push it so far, that they even believe current fud will make the price sink to sub $100 prices....

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[uki]

The bigger the alts become, the more likely they are to have their own maximalists. This is no longer 2013. Some of the stuff floating around is here to stay. Throw in all the USD options now too and there's no real desire or need for many people to go back to BTC.

That is my point, too. Technologically, alts got few steps forward comparing to the 2013, when we had plenty of clones and premined coins and pretty much nothing else.

[Paya]

Funny is that when the price of Bitcoin is increasing, people are cool and excited about Bitcoin's future. But if Bitcoin is dropping and altcoins as result go up, the same group of people will then lose faith in Bitcoin and start thinking that altcoins can potentially surpass Bitcoin.

Well it was always like that. Most of us who have been around since the beginning became immune long ago. BTC has problems, but there were problems in the past as well. Eventually, it gets sorted out and we move on.

[giveen]

Ya this is totally what is happening and i don't think we can call all this what happened a coincidence , if you see the price of most of the alts like eth,dash went really high almost reaching to the price they have never reached before and during this we the price of bitcoin literally fall to 900$. And now dash going down to 80$ and bitcoin again increasing. This is surely all planned by someme millionaires for sure and a coincidence like this is not possible

[tabas]

Because they can see that bitcoin's price is pumping again, it's a normal move by traders. Probably they earn some already with their alts and together with the increase of bitcoin's price, they want to come back again for purchasing bitcoin while the price is low. They are seeing the potential of it and it can possibly pump anytime from now.

[2double0]

The bigger the alts become, the more likely they are to have their own maximalists. This is no longer 2013. Some of the stuff floating around is here to stay. Throw in all the USD options now too and there's no real desire or need for many people to go back to BTC.

That is my point, too. Technologically, alts got few steps forward comparing to the 2013, when we had plenty of clones and premined coins and pretty much nothing else.

Agreed, because alts have been pretty good in proving their technologies against bitcoins like Monero and Dash which are being used more against Bitcoins because of their anonymity feature that Bitcoins does not possess to such extent that these give. It's alt's time, but still OP is right too that people are moving their money back into BTC when selling their alts, the next step of getting out of BTC is on them only, but according to the price increase, I don't see they must be selling currently.

[gentlemand]

That is my point, too. Technologically, alts got few steps forward comparing to the 2013, when we had plenty of clones and premined coins and pretty much nothing else.

It's still to be seen how they'd handle actual usage though. I can't be arsed to research myself silly, but there seem to be no shortage of potential scaling problems with other coins too, let alone how they'd stand up to a regular beating the way BTC does all day and every day.

[uki]

That is my point, too. Technologically, alts got few steps forward comparing to the 2013, when we had plenty of clones and premined coins and pretty much nothing else.

It's still to be seen how they'd handle actual usage though. I can't be arsed to research myself silly, but there seem to be no shortage of potential scaling problems with other coins too, let alone how they'd stand up to a regular beating the way BTC does all day and every day.

This is called network effect. The first one has always to stand up the toughest beating, but if that goes well it eclipses the rest.
I agree that altcoins have yet to prove if they can be valid alternative, and there will be probably many new hurdles on the way, but we are slowly getting there.
The top altcoins are already for at least couple of years around (some even more), which is ages in terms of altcoins, and slowly getting more popularity, with excahnges where you can trade directly fiat to altcoins gaining in volume. It is a matter of time till we get there and try to challenge network effect mentioned above.

[richardsNY]

Funny is that when the price of Bitcoin is increasing, people are cool and excited about Bitcoin's future. But if Bitcoin is dropping and altcoins as result go up, the same group of people will then lose faith in Bitcoin and start thinking that altcoins can potentially surpass Bitcoin.

Well it was always like that. Most of us who have been around since the beginning became immune long ago. BTC has problems, but there were problems in the past as well. Eventually, it gets sorted out and we move on.

True, but the thing is that Bitcoin is growing and thus more new people find their way to this forum as well. Most people that were here early indeed know how to deal with all kinds problems, but that of course doesn't go up for those that are here new and don't really know what exactly makes Bitcoin superior to altcoins. They just look at the price that goes up, and oh, X coin has a fantastic future. If that same coin goes down in value, it's rubbish and will soon become obsolete. That's their "logic".

[gentlemand]

This is called network effect. The first one has always to stand up the toughest beating, but if that goes well it eclipses the rest.
I agree that altcoins have yet to prove if they can be valid alternative, and there will be probably many new hurdles on the way, but we are slowly getting there.

The thing is though that it's quite conceivable that an alt could eclipse BTC in market cap and volume yet still be effectively unproven. That may not end too well if they actually started to use it in the way BTC is now. The majority care more about profit than anything else.

I wonder how things would look without Poloniex.

[Slark]

That is my point, too. Technologically, alts got few steps forward comparing to the 2013, when we had plenty of clones and premined coins and pretty much nothing else.

It's still to be seen how they'd handle actual usage though. I can't be arsed to research myself silly, but there seem to be no shortage of potential scaling problems with other coins too, let alone how they'd stand up to a regular beating the way BTC does all day and every day.

In reality altcoins are not offering you much, altcoin developers can only promise that their coins will be used on daily basis.
That adoption will be great and coins will be used by merchant and services. But where you can use your Dash or Monero beside black markets?
Real usage of altcoins is almost non existent -  they are speculative asset and nothing more.

[aardvark15]

Ya this is totally what is happening and i don't think we can call all this what happened a coincidence , if you see the price of most of the alts like eth,dash went really high almost reaching to the price they have never reached before and during this we the price of bitcoin literally fall to 900$. And now dash going down to 80$ and bitcoin again increasing. This is surely all planned by someme millionaires for sure and a coincidence like this is not possible

Dash has been dropping, but Etherium seems to be holding around $50. I wouldn't buy either right now since the prices are so high, but they are worth watching for a bargain.

[socks435]

Ya this is totally what is happening and i don't think we can call all this what happened a coincidence , if you see the price of most of the alts like eth,dash went really high almost reaching to the price they have never reached before and during this we the price of bitcoin literally fall to 900$. And now dash going down to 80$ and bitcoin again increasing. This is surely all planned by someme millionaires for sure and a coincidence like this is not possible

Dash has been dropping, but Etherium seems to be holding around $50. I wouldn't buy either right now since the prices are so high, but they are worth watching for a bargain.

I think its 1 week or 2 weeks ago that dash was drop from $100 value an now the price is $81 ethereum was drop from above $50
And looks like they are going back to bitcoin since the price for bitcoin past few days is low and now the price was increase back to 4 digit..

[hase0278]

Ya this is totally what is happening and i don't think we can call all this what happened a coincidence , if you see the price of most of the alts like eth,dash went really high almost reaching to the price they have never reached before and during this we the price of bitcoin literally fall to 900$. And now dash going down to 80$ and bitcoin again increasing. This is surely all planned by someme millionaires for sure and a coincidence like this is not possible

Dash has been dropping, but Etherium seems to be holding around $50. I wouldn't buy either right now since the prices are so high, but they are worth watching for a bargain.

I think its 1 week or 2 weeks ago that dash was drop from $100 value an now the price is $81 ethereum was drop from above $50
And looks like they are going back to bitcoin since the price for bitcoin past few days is low and now the price was increase back to 4 digit..

It looks like those who bought many of those coins are getting back to bitcoin since they got some good profit on the pump that happened on the two altcoins mentioned. Though I think this might contributed on the current dump in price that we seen in btc, I think many of those smart ones that heard the fud or spread it had bought any of these two altcoins and are now selling it because they got profit. That's how it always is.

[pealr12]

Awesome!!
Bitcoin is heading towards into the moon again.  And now lets wait for  1500$  price  im seeing this price after a month or two..
The best thing to do is buy and buy then hold.

[RoommateAgreement]

the altcoin dump is speeding up today.

this is the problem with altcoins and when you pump them, people are only in it for a short term profit and nothing else. and this means they don't care about anything else, like the future of that altcoin or the features they offer. they just want to find a top to dump.

and right now there is a small fear of missing out about bitcoin which is going to increase each passing day. and when people start having bigger fear that they missed bitcoin rocket, they dump everything else to come back to it and we will see a fast rise up in bitcoin while all the altcoins go back down.

[ekoice]

Looks like the bottom was 8XX, now that the hard fork fears are going down and bitcoin unlimited is pretty much dead beyond any reasonable expectative, I can see more and more people jumping back in the Bitcoin train. Looks like ETH already peaked and BTC bottomed.

Yes,its time for people to get down from the altcoin electric train and caych the bitcoin bullet train.Interesting fact here is when bitcoin bullet train moves forward,the altcoin electric train will move backward.Bitcoin rally begins.

[1Referee]

In reality altcoins are not offering you much, altcoin developers can only promise that their coins will be used on daily basis.
That adoption will be great and coins will be used by merchant and services. But where you can use your Dash or Monero beside black markets?
Real usage of altcoins is almost non existent -  they are speculative asset and nothing more.

Couldn't have said it better. People however don't look at things from that point as they just see what they want to see (cherry picking). People think that the more features altcoins have, the more their beneficial/usability aspect is compared to Bitcoin. But the far majority of the features that altcoins offer are nothing more than gimmicks. They are meant to trap in people that will end up holding a bag of insanely overpriced coins that enjoy no real world usage. Like seriously, who buys Dash at +$100 (now it's closer to $80), and Ethereum at $50, and still think they are a fantastic investment?

[talkbitcoin]

In reality altcoins are not offering you much, altcoin developers can only promise that their coins will be used on daily basis.
That adoption will be great and coins will be used by merchant and services. But where you can use your Dash or Monero beside black markets?
Real usage of altcoins is almost non existent -  they are speculative asset and nothing more.

Couldn't have said it better. People however don't look at things from that point as they just see what they want to see (cherry picking). People think that the more features altcoins have, the more their beneficial/usability aspect is compared to Bitcoin. But the far majority of the features that altcoins offer are nothing more than gimmicks. They are meant to trap in people that will end up holding a bag of insanely overpriced coins that enjoy no real world usage. Like seriously, who buys Dash at +$100 (now it's closer to $80), and Ethereum at $50, and still think they are a fantastic investment?

based on what i have seen the reason why this is happening is because market is full of "trader wannabes". if you look around when someone asks how to make profit they suggest trading, and then when you look around more you see them call trading as gambling.
this only tells you that these people are "gullible". you tell them ETH or Dash is going to replace bitcoin and they rush to buy them to become rich when supposedly their prices reached $2000 but they face the reality soon enough and have to sell with a big loss and come back to bitcoin and start licking their wounds.

[Fredomago]

Awesome!!
Bitcoin is heading towards into the moon again.  And now lets wait for  1500$  price  im seeing this price after a month or two..
The best thing to do is buy and buy then hold.

keep buying and just remember fluctuation always present inside crypto and looking at it right now, its seems that its ready to go
up again to 1100$ let see if how many months we need to reach 1500$ just keep holding and just watch the movements.