Bitcoin wobbles as traders turn to other cryptocurrencies amid uncertain future

[mr.mister]

according to cnbc. in this article



The reality is if you look at https://www.cryptocompare.com/  Eth, dash, and zek, are down and BTC is up within the last few days.  ROLMAO!!

[panju1]

according to cnbc. in this article



The reality is if you look at https://www.cryptocompare.com/  Eth, dash, and zek, are down and BTC is up within the last few days.  ROLMAO!!

What you should be looking at is bitcoin dominance.
http://coinmarketcap.com/charts/#btc-percentage
Bitcoin accounts for 69% of total crypto market cap now, which is very low when you see its overall history. It was ~85% a month back.

[The Sceptical Chymist]

You ought to give a link to the article when you reference it.  CNBC actually mentioned altcoins?  That seems strange to me. 

In any case, bitcoin has "wobbled" before and seemed like it was down for the count back in 2014-15.  A little wobble doesn't bother me much.   That's just bitcoin for ya.

[mr.mister]

You ought to give a link to the article when you reference it.  CNBC actually mentioned altcoins?  That seems strange to me.  

In any case, bitcoin has "wobbled" before and seemed like it was down for the count back in 2014-15.  A little wobble doesn't bother me much.   That's just bitcoin for ya.

Here is the link, but when I pasted it the first time, the forum considered it suspect, and trimmed it. I'll try again. If not, just google the title, of this thread, and the article should come up. Yes, cnbc did alt currencies.


http://www.c[Suspicious link removed]m/2017/03/27/bitcoin-wobbles-as-traders-turn-to-other-cryptocurrencies-amid-uncertain-future.html



Not sure why this forum considers the link suspect. the above link is accepted and is a screenshot of the cnbc article.

[ASHLIUSZ]

according to cnbc. in this article



The reality is if you look at https://www.cryptocompare.com/  Eth, dash, and zek, are down and BTC is up within the last few days.  ROLMAO!!

The same is an expected fact. Bitcoin will recover in a short is continuously ​under speculation. Experts on the drop of bitcoin price and increase in the value of few altcoins clearly stated that it's a temporary surge and this could get stopped anytime. Now the real price increase has happenedl and once again the users who focused on earning through alts have been focusing on bitcoin making it​ grow forward.

[ebliever]

according to cnbc. in this article



The reality is if you look at https://www.cryptocompare.com/  Eth, dash, and zek, are down and BTC is up within the last few days.  ROLMAO!!

Until a week or two ago Bitcoin had never been below 75% of the total cryptocurrency market cap. It has plunged from 85% to below 67% in a few weeks and has currently recovered all the way back up to 69% at the moment. That's a bit premature to declare victory in this crisis.

The recovery may just be a natural pullback, insofar as it does not seem to be based on any major news. I've been tracking the tilt of news stories for BTC/ETH/Dash/ZEC - the same ones you mention - pretty closely the last week or so as part of a practice exercise. There has been close to nothing for ZEC, mostly incidental mentions of Dash apart from some accounting s/w news, but ETH has been getting almost completely positive press and more of it than BTC, where the news has been dominated by the Core/BU conflict and is negative in tone.

[andrei56]

according to cnbc. in this article



The reality is if you look at https://www.cryptocompare.com/  Eth, dash, and zek, are down and BTC is up within the last few days.  ROLMAO!!

What you should be looking at is bitcoin dominance.
http://coinmarketcap.com/charts/#btc-percentage
Bitcoin accounts for 69% of total crypto market cap now, which is very low when you see its overall history. It was ~85% a month back.

That is low but at the same time, we need to accept that as bitcoin is unable to advance in some key issues then other coins are going to go up because they are able to fill a void that bitcoin leaves for the lack of consensus.

[LLec]

Why the heck are the links to the news article keep getting removed?
Something the mods don't want to said on the forum that can cause a panic to sell or something?
It's CNbc the news article is from and not Fox news or any place that have reporters giving fake news stories to threaten their news reporting credibility or anything like that.

[pooya87]

your title doesn't match what you said.

and it is normal whenever there is a pump happening in altcoin market. traders' money go to where the pump is and in the past few weeks it was in altcoins that were getting pumped and now that they are getting dumped again, the money is exiting altcoin market.

it is like a cycle that happens every now and then.

Not sure why this forum considers the link suspect. the above link is accepted and is a screenshot of the cnbc article.

because the URL is a 4 letter word (i am guessing CNBC.com) and you are a newbie rank.

What you should be looking at is bitcoin dominance.
http://coinmarketcap.com/charts/#btc-percentage

market cap is not a valid factor of comparison and when it comes to cryptocurrencies it becomes even worse factor for comparison.
read what Market capitalization is and you'll understand.

[amacar2]

What you should be looking at is bitcoin dominance.
http://coinmarketcap.com/charts/#btc-percentage
Bitcoin accounts for 69% of total crypto market cap now, which is very low when you see its overall history. It was ~85% a month back.

I will not be surprised to see bitcoin dominance getting back to over 80% really soon. Bitcoin price have already showing signs of next bull run, money will flow back to bitcoin and dominance will grow again.

[talkbitcoin]

"wobble" seriously this the word you chose

and what is up with all the market cap talk. there is only bitcoin with "real" market that has real volume based on real demand. the rest of them are pump coins which have 1000BTC volume today and in a week or so they are back to 0.01BTC daily volume. do you seriously think that market cap is that thing to look at when price and volume of altcoins are like this!

[Matthias Green]

What you should be looking at is bitcoin dominance.
http://coinmarketcap.com/charts/#btc-percentage
Bitcoin accounts for 69% of total crypto market cap now, which is very low when you see its overall history. It was ~85% a month back.

I will not be surprised to see bitcoin dominance getting back to over 80% really soon. Bitcoin price have already showing signs of next bull run, money will flow back to bitcoin and dominance will grow again.

It should, more will be prone to buy it at a lower price. 

[Juggy777]

The so called traders are nothing but miners and Bitcoin supporters trying to spread false rumors so people leave Bitcoin, but they fail to understand that it's not going to happen. Maybe people may deflect here and there for a while but I am sure they will come to Bitcoin in the end of the day. I don't see any reason why one should stray away from Bitcoin, instead just give it full support all I can say. As that's the only way it shall grow. All other alt coins won't be able to match Bitcoins as simple as that.

[mr.mister]

"wobble" seriously this the word you chose

and what is up with all the market cap talk. there is only bitcoin with "real" market that has real volume based on real demand. the rest of them are pump coins which have 1000BTC volume today and in a week or so they are back to 0.01BTC daily volume. do you seriously think that market cap is that thing to look at when price and volume of altcoins are like this!

the title of this thread is exactly the same as the article that appeared on cnbc yesterday, in which i attached an image for you to look at.

[btvGainer]

according to cnbc. in this article



The reality is if you look at https://www.cryptocompare.com/  Eth, dash, and zek, are down and BTC is up within the last few days.  ROLMAO!!

The same is an expected fact. Bitcoin will recover in a short is continuously ​under speculation. Experts on the drop of bitcoin price and increase in the value of few altcoins clearly stated that it's a temporary surge and this could get stopped anytime. Now the real price increase has happenedl and once again the users who focused on earning through alts have been focusing on bitcoin making it​ grow forward.

Btc is the ultimate king.It is good that we have Altcoin to invest in when btc is down.
But at the end of the day, all investment come back to bitcoin.
This time around however, I feel Altcoins will not go down with btc rise unless this BU thing is completely die.

[Xester]

according to cnbc. in this article



The reality is if you look at https://www.cryptocompare.com/  Eth, dash, and zek, are down and BTC is up within the last few days.  ROLMAO!!

When bitcoins problems has caused spread among the bitcoin community a panic occurred. It is not surprising since the conflict between miners is a crucial one that will define the future of bitcoin. Given those conditions the community have shifted to ethereum and dash. But after the panic selling and the dump a miracle occurred there are many buyers eating all the dumped coins. And after seeing the price of bitcoin recovering the bitcoin users who shifted to eth and dash are now returning to bitcoins.

[andrei56]

What you should be looking at is bitcoin dominance.
http://coinmarketcap.com/charts/#btc-percentage
Bitcoin accounts for 69% of total crypto market cap now, which is very low when you see its overall history. It was ~85% a month back.

I will not be surprised to see bitcoin dominance getting back to over 80% really soon. Bitcoin price have already showing signs of next bull run, money will flow back to bitcoin and dominance will grow again.

Bitcoin could get back that dominance again but the truth is I don’t think that is really important if new investors come then it does not matter if bitcoin is not as dominant as long as new money keeps pouring in bitcoin every day.

[dothebeats]

That's why I don't trust regular news companies with bitcoins and crypto news because it always turned out to be wrong. ETH had been in a slump these past few days because of the bug and btc is quietly rising amidst the uncertainties that lingers in bitcoin's future. I'm not surprised that this has happened since it's always happening in bitcoin, lol.

[vladish425]

No here you are wrong cryptocurrency will live eternal but just as long as the rate has fallen slightly