People selling alts to go back in BTC

[jjacob]

It happens all time, when bitcoin trend goes down some traders move to alts, and now bitcoin price goes up they sell alts and return to bitcoin.

I do not think so. The proportion of bitcoin in the total digital currency is still dropping now.

That is correct. If you look at the top 100 alts before the big alt pump, the 100th alt had a market cap of around $1Mn,
Now they are trading at around double that. The alt dump is far from over.

[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 now for bitcoin rally to begin again.The rally was postponed for few days due to BU.Now,its clear that BU is a failure and its clear that lots of rumours were spread to promote panic selling among new investors.Now its time for Bitcoin spaceship to take off.

[Kemarit]

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 now for bitcoin rally to begin again.The rally was postponed for few days due to BU.Now,its clear that BU is a failure and its clear that lots of rumours were spread to promote panic selling among new investors.Now its time for Bitcoin spaceship to take off.

I think the people are buying BTC now and its above $1100. As I have said, FUD spreading about the BU vs BTC schism seems to died down as the days goes by. So maybe they are just going back to btc to invest and try to profit. I don't know if the whales are still manipulating the market price of bitcoin behind, but by the looks of it they are now. Another factor I'm seeing that is causing the price of bitcoin to a steady rise is Japan acceptance of bitcoin. So its a combination of different parameters that makes the price of bitcoin jump now.

[Qartada]

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 now for bitcoin rally to begin again.The rally was postponed for few days due to BU.Now,its clear that BU is a failure and its clear that lots of rumours were spread to promote panic selling among new investors.Now its time for Bitcoin spaceship to take off.

I think the people are buying BTC now and its above $1100. As I have said, FUD spreading about the BU vs BTC schism seems to died down as the days goes by. So maybe they are just going back to btc to invest and try to profit. I don't know if the whales are still manipulating the market price of bitcoin behind, but by the looks of it they are now. Another factor I'm seeing that is causing the price of bitcoin to a steady rise is Japan acceptance of bitcoin. So its a combination of different parameters that makes the price of bitcoin jump now.

I think the whales are manipulating the price a bit less now.  Before, it was mainly altcoins that they were manipulating and Bitcoin more naturally followed.

[no0dlepunk]

hail bitcoins!

well, i'm the weakest link, man! I got stuck in ETH... this is so punk rock!

[Red-Apple]

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 now for bitcoin rally to begin again.The rally was postponed for few days due to BU.Now,its clear that BU is a failure and its clear that lots of rumours were spread to promote panic selling among new investors.Now its time for Bitcoin spaceship to take off.

I think the people are buying BTC now and its above $1100. As I have said, FUD spreading about the BU vs BTC schism seems to died down as the days goes by. So maybe they are just going back to btc to invest and try to profit. I don't know if the whales are still manipulating the market price of bitcoin behind, but by the looks of it they are now. Another factor I'm seeing that is causing the price of bitcoin to a steady rise is Japan acceptance of bitcoin. So its a combination of different parameters that makes the price of bitcoin jump now.

people always figure out what is FUD and what isn't in the end. it may not be clear to everyone in the beginning when that FUD comes out but it has always became clear eventually. and that is why they spread it in the first place, to create panic (fear and uncertainty) and create an opportunity for themselves that it could never exist without it.
and the main reason for this come back is the come back of everyone to bitcoin. when price is falling many get out of the market and stay on the side to find the bottom and become certain and then they get in which causes the come back and then it speeds up at some point when weak hands also join in once again.

[KennyR]

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 now for bitcoin rally to begin again.The rally was postponed for few days due to BU.Now,its clear that BU is a failure and its clear that lots of rumours were spread to promote panic selling among new investors.Now its time for Bitcoin spaceship to take off.

I think the people are buying BTC now and its above $1100. As I have said, FUD spreading about the BU vs BTC schism seems to died down as the days goes by. So maybe they are just going back to btc to invest and try to profit. I don't know if the whales are still manipulating the market price of bitcoin behind, but by the looks of it they are now. Another factor I'm seeing that is causing the price of bitcoin to a steady rise is Japan acceptance of bitcoin. So its a combination of different parameters that makes the price of bitcoin jump now.

I think the whales are manipulating the price a bit less now.  Before, it was mainly altcoins that they were manipulating and Bitcoin more naturally followed.

That's true, when bitcoin was experiencing gradual fall in price naturally altcoins were manipulated by the big whales. The growth of alts by that time was found big making Bitcoiners to move towards altcoins. Now with the natural growth bitcoin gaining back the users who changed their bitcoins for altcoins to profit.

[Arcteryx]

hail bitcoins!

well, i'm the weakest link, man! I got stuck in ETH... this is so punk rock!

I didn't like the whole "Let's jump on the Ethereum train run!" either.
If I were to go into anything into an alternate coin  I would put it into LTC now.
Cause it has just as long as bitcoin has and it is the one and only true alt of the mighty BTC!

[traderethereum]

hail bitcoins!

well, i'm the weakest link, man! I got stuck in ETH... this is so punk rock!

you can waiting for next train and it will help you to sell your ethereum in higher price, i think it would not too long to waited and make sure that you don't missed that time because the train is ready to go. i think this is not just for ethereum, but almost all altcoin will have increase price and we need to be patience.

[asriloni]

hail bitcoins!

well, i'm the weakest link, man! I got stuck in ETH... this is so punk rock!

You will see next redcandle in the next week. Expecting there will another attack from the BU shills and it will give another panic feels to the market.

[sunsilk]

hail bitcoins!

well, i'm the weakest link, man! I got stuck in ETH... this is so punk rock!

You will see next redcandle in the next week. Expecting there will another attack from the BU shills and it will give another panic feels to the market.

Is this for real? I'm thinking that those shills already gave up and wants to back up while it is still early.

And I guess the price seems to be good again and there's more to go for the next week. But still expect, there will be fall again but it will be not the same.

[DarkIT]

people vying to compete for bitcoin lot. bitcoin price forecasts might be $ 1,500 in mid-2017 will become a reality. Well, so many people who sell altcoin they hold, to get bitcoin more and used as an investment.

[aardvark15]

I think Bitcoin can get up to $1500 easily this year at this pace. However, don't expect it to stay there. We will always see dips in price after big increases.

[gentlemand]

You will see next redcandle in the next week. Expecting there will another attack from the BU shills and it will give another panic feels to the market.

They're out of ammo for now. It's not the type of thing you can muster up week in, week out. To get the momentum they'd need you have to capture enough attention and hold it. That's now gone.

[Nomad88]

Yes, volatility of Bitcoin is crazy in these days and most people trying to make some extra money from this situation. It isn`t bad, but I believe that the market is very fragile at the moment due to potantion hard-fork that is ahead of us. Sooner or later some more news are going to leak to Internet which might bring an agressive dump to Bitcoin. I don`t want to be one of those people holding most f their asset in Bitcoin at that time. There is always risk in trading and you can win as big as you are willing to risk.

[batang_bitcoin]

I think Bitcoin can get up to $1500 easily this year at this pace. However, don't expect it to stay there. We will always see dips in price after big increases.

Probably this can happen and this is my expected price before selling. And for those people that are trying to sell some alts right now or did have a chance trying to shift to BU for sure they are feeling sorry right now or they are planning something again. What do you think the price again when people are going to dump?

[The Sceptical Chymist]

Yessir, that's exactly what it looks like.  Poor Dash got slaughtered!  But I figured this was going to happen, because >$100/Dash is just f--ing ridiculous.  Even for a quality coin like Dash <ahem>.

And yeah, bitcoin is rebounding nicely.  Whee.  I just bought something with it, then the price spikes.  I need to learn to not sell bitcoin...

[~Spawn~]

That's a good explanation for the price drops, and I add the fact that most coins recently pumped, with rare exceptions, have critical points of failure... instamine, centralization, scaling problems, among other things.

[AT101ET]

Alts have some value but there's nothing as stable as BTC.
BTC will be the most prominent crypto for the foreseeable future and therefore attracts the largest amount of interest.
Alts are popular too since they fluctuate the most and have the quickest profit returns when flipping them but practically speaking apart from a handful, most are just there to be used as a quick profit tool.
 

[Rahar02]

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.

I just watch over top 5 coins which highest exchange rate on coinmarketcap, and It seems that only Dash shows significant decline after reach over $100 and continue to decrease after that. Byteball, Zcash, Dash, Ethereum and now come a new higher one , Jinn (Like Jinn in the bottle maybe : first impression ). Right away after bitcoin climb up again  pass through $1100 and then unconfirmed transaction exceed 10K again, still affordable but as soon as bitcoin price increase, the problem come back and haunts. Whether those valid transaction or another mempool flooding, but we have to pay more fee and wait longer than usual for every single transaction.