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Author Topic: Altcoins rising  (Read 5145 times)
AjithBtc
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May 01, 2017, 02:36:40 AM
 #21

The alt coin bubble is going to end badly for people. I just hope that money flows into Bitcoin  Cheesy

It will be a bloodbath for sure, get youre popcorn ready my bullish Bitcoin friend, alot of that money will flow into Bitcoin.
As the capital of the bitcoin is growing gradually we can expect the same to happen in terms of money flow into the network. Whether it can be in the form of investment or for any other process. All that's required is the spreading that makes more users which makes it grow effective.

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May 01, 2017, 02:39:22 AM
 #22

The alt coin bubble is going to end badly for people. I just hope that money flows into Bitcoin  Cheesy

It will be a bloodbath for sure, get youre popcorn ready my bullish Bitcoin friend, alot of that money will flow into Bitcoin.
>total market cap for all cryptos is now at $37.3B

I'm starting to think that you're very, very right. I remember when we were at the sub $20B, being up at $37B with nothing to pump any of these alts and having none of them actual produce any sort of value scares me to be honest.

This entire market looks like a giant bubble ready to bust, and it all looks like Bitfinex started the bubble we see with Bitcoin now (pushing the value +$100 when it shouldn't have, and exchanges follow suit) and then everyone suddenly decided to dump everything into alts to make ez profits.

If this market isn't a bubble then I'm no longer comfortable looking at the markets anymore. It seems to big for its own good and too much money is flowing based entirely off of speculation. We're going to have a brutal, brutal collapse. Maybe a 2008 of cryptos?
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May 01, 2017, 03:07:13 AM
 #23

Compare to bitcoin alt coins is so tiny to compare to the success of bitcoin from a thousand dollar price compare to almost nothing price of alt coins but we know that there are some alt coins that has a value  but still a long run to a thousan dollar bitcoin.
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May 01, 2017, 03:24:30 AM
 #24

I think the argument there is that a rising tide lifts all boats, so the profits from altcoins may not last, and once they don't, the traders may pour into Bitcoin.
Profits from altcoins really don't last so it is wise to convert into bitcoin once in a while if one bought altcoin at a low price to get profit weeks or months ago. I think this altcoin rising pace will end soon specially now that btc is rising too. Many might think of pouring their investments onto bitcoin to profit more thus might be the reason for the end of altcoin rising in weeks to come and bitcoin will remain dominant.
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May 01, 2017, 03:29:29 AM
 #25

Compare to bitcoin alt coins is so tiny to compare to the success of bitcoin from a thousand dollar price compare to almost nothing price of alt coins but we know that there are some alt coins that has a value  but still a long run to a thousan dollar bitcoin.
If you look at the price of the major alt coins it has changed drastically in the past few months and if the price could hold firmly for a while then it is a good thing and you could compare it as an asset without a second thought,never thought that we could see a rally in all of the major alt coin market but we saw it happening and will continue to rise if the bubble does not burst.
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May 01, 2017, 03:39:33 AM
 #26

Compare to bitcoin alt coins is so tiny to compare to the success of bitcoin from a thousand dollar price compare to almost nothing price of alt coins but we know that there are some alt coins that has a value  but still a long run to a thousan dollar bitcoin.
Yep, still needs long time for altcoins to become is like bitcoin and bitcoin is still number one on capitalization of markets
but without altcoins, i am not sure still there is comunity of digital coins
that be active on digital coins especially the traders (a little traders) who take profit from trading because if trading bitcoin
to fiat will take big capital and it is not good for small traders.
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May 01, 2017, 03:53:55 AM
 #27

Compare to bitcoin alt coins is so tiny to compare to the success of bitcoin from a thousand dollar price compare to almost nothing price of alt coins but we know that there are some alt coins that has a value  but still a long run to a thousan dollar bitcoin.
If you look at the price of the major alt coins it has changed drastically in the past few months and if the price could hold firmly for a while then it is a good thing and you could compare it as an asset without a second thought,never thought that we could see a rally in all of the major alt coin market but we saw it happening and will continue to rise if the bubble does not burst.
It is so unusual that altcoin rises as bitcoin pumps yet it's possible since most of investors are taking look of altcoins nowadays thus bitcoin doesn't affect altcoin's price negatively. We should expect good things in altcoins since it's being introduce to investors that would really help to expand the volume in trading in digital currency.
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May 01, 2017, 03:56:24 AM
 #28



The total capitalization increased 400-500% in ~2 months. If this isn't a bubble, then I don't know what is. Imagine a crazy scenario where the ETF appeal gets approved in May.
Even though it is a bubble and it will eventually burst, but still altcoin has an impact now, a lot more than it was used to at the time OP talking about, people have started to consider alts as an option, not only for investment/trading but also for practical use that they may have in the future depending upon their current development and prospects.
So maybe no alt will come close to bitcoin dominance but I feel they will be there now, always as a sidekick.
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May 01, 2017, 04:08:11 AM
 #29

Can you send money "fiat-to-fiat" with Dash, LTC or ETH from India to Canada, for example, without high fees?
I'm sure people are working on projects this very moment to do that.  Do you really think it will be long?

Yes, that's possible - that's what I meant with my last sentence, some altcoins may be actually useful in the future - , but it's still speculation. Still I think not many of these altcoin remittance services exist, and if they exist, they almost certainly have low liquidity or high fees.

I consider that perhaps 5 or even 10 altcoins can win in the medium to long term from this situation and establish themselves as serious payment platforms, but most altcoins will lose traction fast after that bubble.

Quote
I think the scaling debate is more than a little relevant.  It's the main reason why bitcoin is losing.
Some people are waking up and have urgency, but sadly not enough.  By the time price makes
the poor fundamentals clear of a non-scaling bitcoin, MAJOR damage will have been done.

Here I agree a bit, but I think mining pools - if acting rationally - will accept Segwit eventually just to avoid this damage. Maybe the F2pool signalling start was the beginning. I know you are not very Core-friendly, but one can blame both parties for the stalemate.

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May 01, 2017, 04:10:13 AM
 #30

BTC dominance has decreased already so this could mean those users who have been getting int crypto aren't here just for BTC but to invest to something else. Yes there is a chance that BTC will be beaten one day and an alt will soon be the base of all.



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May 01, 2017, 04:12:10 AM
 #31

What? You guys live in cave?

Most altcoins - no, almost all altcoins - are technically superior

And BTC is getting lacerated in scaling war, too. Why would a neutral person, who does not know BTC is "the first, the one and only", decide to spend over $1000 on a bitcoin, if a DSH, an LTC, an XMR or an ETH coin is so much cheaper and offers so much faster transactions and functionality?

I love BTC but being a bit more humble and realistic would be good for Core and BU and all of us. Angry

I disagree, not all of the altcoins are superior, because there is a lot of Altcoins which have been removed on the exchangers because no one uses it, or its value is not that big that is why it was eliminated. But it is true that some of the Altcoins do have a great price, but not Superior, bitcoin is still the superior one amongst all the Altcoins here in the cryptocurrency world.

The price of bitcoin right now is continuously increasing, and will keep on increasing and increasing since its population is also increasing day by day.


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May 01, 2017, 04:16:24 AM
 #32


But, their community stick together and never have upscaling drama like bitcoin which is good thing.

Only because they are meaningless. I they'd become important all of them would have their own Juda Roger Vermin. Why do you think Vermin doesn't want to just fork off with his roger chinesse coin, but trying to take over Bitcoin?
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May 01, 2017, 04:24:43 AM
 #33

Alt coins could be steaming piles of shit in Zimbabwe and values would still rise as long as prices fluctuate. Up / down = profit for traders. All the new traders are looking to 'buy coin'. You think a newbie comes and thinks "I'm going to start by shorting coin"...no, they join by buying long! There isn't much fundamentals to price each coin on. Value is almost irrelevant in this case, the only stumbling block is when everyone heads for the exits. It really is just a bunch of ponzi coins ATM.  Newcomers have no idea what a 600million USD LTC market cap is, much less understand how it is relevant to anything. They are just following the pump. Exchanges are promoting alt investment because they profit off all the trades. As long as fresh $ keeps coming the prices gonna go up, obviously. I don't see it slowing anytime soon.

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May 01, 2017, 04:29:55 AM
 #34

I remember a day where BTC was king and all altcoins were lousy. They would all fail soon, and only BTC would survive. The market capitalizations of all altcoins was less than a tenth of BTC's. Times have changed! Today, the market capitalizations of all altcoins is more than 40% of BTC's.

Obviously, there is more and more money going into cryptocurrencies. BTC is still leading by far. BTC also remains the one and only crypto you can actually use to buy things, and it's the easiest to buy with a bank transfer. But it needs to get better quick. Investors now have a wide choice to put their money in, and that shows.
My thoughts about your topic is same , but here I can't accept your phrase that bitcoin is not king now ( indirect meaning ) , the bitcoin will.always remain king , it is because the most of the altcoins can't run in the internet without bitcoin Because they fully dependent on blockchain of the bitcoin network .
So here I think bitcoin will.always remain number one even after the total mined bitcoin of 21 M  Because the demand and use of the bitcoin more in the market then what we have .
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May 01, 2017, 04:33:30 AM
 #35

I remember a day where BTC was king and all altcoins were lousy. They would all fail soon, and only BTC would survive. The market capitalizations of all altcoins was less than a tenth of BTC's. Times have changed! Today, the market capitalizations of all altcoins is more than 40% of BTC's.

Obviously, there is more and more money going into cryptocurrencies. BTC is still leading by far. BTC also remains the one and only crypto you can actually use to buy things, and it's the easiest to buy with a bank transfer. But it needs to get better quick. Investors now have a wide choice to put their money in, and that shows.
My thoughts about your topic is same , but here I can't accept your phrase that bitcoin is not king now ( indirect meaning ) , the bitcoin will.always remain king , it is because the most of the altcoins can't run in the internet without bitcoin Because they fully dependent on blockchain of the bitcoin network .
So here I think bitcoin will.always remain number one even after the total mined bitcoin of 21 M  Because the demand and use of the bitcoin more in the market then what we have .

Agree, Bitcoin is always the mother/father of all cryptocurrency. Its the very pioneer where ideas  was conceptualized from this cryptocurrency. Maybe there are altcoins which can surpassed in features but it will remain that bitcoin started it all.

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dinofelis
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May 01, 2017, 04:37:51 AM
 #36

I remember a day where BTC was king and all altcoins were lousy. They would all fail soon, and only BTC would survive. The market capitalizations of all altcoins was less than a tenth of BTC's. Times have changed! Today, the market capitalizations of all altcoins is more than 40% of BTC's.

Eh, correction: alt coins have now 66% of bitcoin's.  They have 40% of the whole crypto scene.
It is BTW interesting that about the same ratio is valid for the second one, and the rest.

Bitcoin is at $22 billion and alt coins are at $15 billion
Of these $15 billion, ETH takes about 50% and the rest, the other $7.5 billion, are in the rest of the alt coins and are diversified over several of them.

The remarkable thing is that this is new money.  This is not money that flew out of bitcoin, but it is new money flowing in (of course, market cap is a bad measure, but given that the volumes of these coins are relatively important, it is most probably not a multi-coin version of willy bot).

Most probably this is because there's less "up space" in bitcoin than there is in alt coins, and being speculative tokens, the market with one token rising was too simple, and too predictive which is in principle impossible: no market can be simple with easily predictable gains, because then the gains are already taken.  With a lot of different speculative tokens rising and falling, the fundamental uncertainty of markets can be re-established.   The next x10 gain, and the next /10 loss will be "somewhere" but nobody can pinpoint with certainty.

As long as bitcoin had the cryptocurrency de facto monopoly, "playing with alts" was somewhat "ridiculous" for "serious" gamblers, and the predictable long time rise was with bitcoin, and bitcoin only.  This is impossible in the long run in a market.  Now that bitcoin has lost its monopoly position (at least for the time being), while still a market leader, and the "competition for the crown" becomes credible, this puts alts in a different position: no more "low level inferior stuff as compared to the market monopolist", but rather as a player in the market like any other, where there is still a market leader, but with a place that is not impossible to overtake.

Once all crypto is on the same level, and being "market leader" is not naturally assigned to the first mover any more, the market will become much much more opaque, as it should be.  You won't know any more with some certainty what will be the crypto that is the market leader 20 years from now.  It will be, like with a mature stock market, a totally efficient market, that doesn't let you make any sure long term predictions.

Whether *this* particularly steep rise is already the indication of the maturing of the crypto speculative token market, or whether this is an artificial pump and dump that will soon crash down is hard to say.  But it indicates at least the future direction, which is to be expected.

It is impossible, in the long run, to have an established, and quite well-known "rising asset".  That simply doesn't make sense when enough smart money is in the market.  But to have an opaque market where an unknown today, will rise to market leadership in a decade, knowing that it can very well crash down, and leave its place to yet another one for the decade afterwards, is much more realistic and in agreement with an efficient market.
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May 01, 2017, 04:44:14 AM
 #37

I remember a day where BTC was king and all altcoins were lousy. They would all fail soon, and only BTC would survive. The market capitalizations of all altcoins was less than a tenth of BTC's. Times have changed! Today, the market capitalizations of all altcoins is more than 40% of BTC's.

Obviously, there is more and more money going into cryptocurrencies. BTC is still leading by far. BTC also remains the one and only crypto you can actually use to buy things, and it's the easiest to buy with a bank transfer. But it needs to get better quick. Investors now have a wide choice to put their money in, and that shows.
My thoughts about your topic is same , but here I can't accept your phrase that bitcoin is not king now ( indirect meaning ) , the bitcoin will.always remain king , it is because the most of the altcoins can't run in the internet without bitcoin Because they fully dependent on blockchain of the bitcoin network .
So here I think bitcoin will.always remain number one even after the total mined bitcoin of 21 M  Because the demand and use of the bitcoin more in the market then what we have .

Agree, Bitcoin is always the mother/father of all cryptocurrency. Its the very pioneer where ideas  was conceptualized from this cryptocurrency. Maybe there are altcoins which can surpassed in features but it will remain that bitcoin started it all.

When assessing altcoins we've got to consider the entire cryptocurrency industry. Even though Bitcoin is like 90% of the altcoin market, why couldn't the entire sector rise if the Fiat currency is dying? Unless people are putting money into Gold and Silver, crypto in general is a wonderful investment as a pure form of money.
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May 01, 2017, 05:04:40 AM
 #38

When assessing altcoins we've got to consider the entire cryptocurrency industry. Even though Bitcoin is like 90% of the altcoin market, why couldn't the entire sector rise if the Fiat currency is dying? Unless people are putting money into Gold and Silver, crypto in general is a wonderful investment as a pure form of money.

Mmm.

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

At this moment, BTC is 59.2% of the crypto market (it is for the moment still 150% of the alt coin market but that's a strange way to look at it)
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May 01, 2017, 05:13:26 AM
 #39

I remember a day where BTC was king and all altcoins were lousy. They would all fail soon, and only BTC would survive. The market capitalizations of all altcoins was less than a tenth of BTC's. Times have changed! Today, the market capitalizations of all altcoins is more than 40% of BTC's.

Obviously, there is more and more money going into cryptocurrencies. BTC is still leading by far. BTC also remains the one and only crypto you can actually use to buy things, and it's the easiest to buy with a bank transfer. But it needs to get better quick. Investors now have a wide choice to put their money in, and that shows.

Bitcoin would not have survived this long without the Altcoins.

It is the Altcoins Markets that have provided a reason to purchase BTC , as many don't have a direct Fiat option.
Plus if you consider the amount of BTC tied up in the markets in bid orders, you can also correlate the altcoin price increase also causing the increasing BTC current price.

Many Alts have went up in price too fast , so their will be a bubble pop , but when it does, it also means not as much BTC will be needed in the Bid orders.
So when Alts sell off, BTC will also have a sell off.
Look for a massive conversion to fiat as the big players take some profit off the table at the expense of everyone's market cap.

New Saying for everyone, when the Altcoin Bubble Pops, BTC Price will Drop!   Cheesy


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May 01, 2017, 05:30:48 AM
 #40

this is not a bubble, it's more like a liquidity explosion or new money influx take your, there are many new investors coming in this world, thanks to bitcoin recent surge

some of them are too naive to think that altcoin can be a safe haven in case bitcoin go down, in fact this bubble started when bitcoin tanked

but notice that only dash and etehreum are big enough to make the whole marketcap very significant, without those coins the whole marketcap would still look tiny
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