BTC breaks $1400 barrier, altcoins going on the red

[thejaytiesto]

Im looking at poloniex right now and all altcoins are going red. Meanwhile BTC keeps going up. Is this the end of the ongoing altcoin bubble? How high can BTC get? Will this all stop once SEC rejects the ETF approval or this pump goes beyond that?

Anyway, might be a good idea to have some on Poloniex, if LTC goes below 0.01 I will get a good position there again, im not risking to buy above that. BTC may go parabolic to hit something ridiculously high and alts may drop to the floor.

[Huge Black Woman]

Word up,  count crunkenheimer.  This here what dey been predicticatin' from da git go.  Money be flowin' out the shit coins an' inta the IT-coin, big bayd bitcoin isself.  I toldja, sista soldja!!

[European Central Bank]

there'll be some big falls but i think it's still too resilient for a genuine bubble pop. there'll be enough low balling buyers to scoop up the coins and things might be back up high soon. there won't be enough fear.

yet.

[BossBee]

Pick your ponies boys. Beautiful time to buy

[Oilacris]

Cant be sure if that price increase of bitcoin breaking or reaching now $1500 makes most altcoin price turns or goes to red. Seeing on the price of bitcoin i guess it will break soon and will be going back again on $1100-$1200.Talking about alts im not worried if they turns to red because it the right spot to buy them again on cheaper price so theres nothing to worry infact we should be happy altcoin traders.

[European Central Bank]

Cant be sure if that price increase of bitcoin breaking or reaching now $1500 makes most altcoin price turns or goes to red. Seeing on the price of bitcoin i guess it will break soon and will be going back again on $1100-$1200.Talking about alts im not worried if they turns to red because it the right spot to buy them again on cheaper price so theres nothing to worry infact we should be happy altcoin traders.

there will be a great buying opportunity for alts. i do not think now is anywhere near the time. let's see what bitcoin decides to do first.

[cryptohunter]

I'm enjoying this cycling of btc up alts down, btc stable alts up, yummy....

[btbrae]

Yes, the whales wait for a big event (like Gnosis to hit the exchanges) and start the sell. Meanwhile everybody calls buy the dip. Guess what, the altcoin bubble just broke. Tip: don't look at the price of ETH.

[pereira4]

Cant be sure if that price increase of bitcoin breaking or reaching now $1500 makes most altcoin price turns or goes to red. Seeing on the price of bitcoin i guess it will break soon and will be going back again on $1100-$1200.Talking about alts im not worried if they turns to red because it the right spot to buy them again on cheaper price so theres nothing to worry infact we should be happy altcoin traders.

there will be a great buying opportunity for alts. i do not think now is anywhere near the time. let's see what bitcoin decides to do first.

It's great news for those of us wanting to diversify our BTC a bit and buying solid alts like LTC and ETH at a good discount price, but, bitcoin could indeed go parabolic and hit $2000 overnight with altcoins going -100% and this would be a disaster.


Im also getting a bit nervous having BTC in poloniex but how else are you supposed to profit from the fast price changes unless you have some BTC to trade with? (I get too nervous once BTC rises a lot because exchanges may be prone to exit scam)

[thebatletbet]

Im looking at poloniex right now and all altcoins are going red. Meanwhile BTC keeps going up. Is this the end of the ongoing altcoin bubble? How high can BTC get? Will this all stop once SEC rejects the ETF approval or this pump goes beyond that?

Anyway, might be a good idea to have some on Poloniex, if LTC goes below 0.01 I will get a good position there again, im not risking to buy above that. BTC may go parabolic to hit something ridiculously high and alts may drop to the floor.

iam not understand, SEC rejected ETF proposal
bitcoin price down only several day, and then bitcoin price incraese very high until over 1400 dollar, and in bitfinex 1500 dollar
i think bitcoin user is amazing not effect SEC rejected bitcoin

[Clement Kaliyar]

iam not understand, SEC rejected ETF proposal
bitcoin price down only several day, and then bitcoin price incraese very high until over 1400 dollar, and in bitfinex 1500 dollar
i think bitcoin user is amazing not effect SEC rejected bitcoin

I hope you did not notice that the SEC is reviewing the Winklevoss EFT once again and so is the reason we are seeing a big rally in the price of bitcoin but the chances of approval is slim as i cannot any vast changes that could happen in their proposal and one more thing to be noted is that SEC is also considering approval of an Ethereum ETF.

[dennyd999]

oh man, i trapped right now..

Just yesterday was moved all my BTC to ETH on 0.059 now it is 0.052

I losed allready 0.3 BTC

What you guys advice me to do better? Goes on BTC right now?

Add more fiat and buy BTC or LTC?


Man , man its absolutely crap...

Right know I just hate this Bitcoin with a divided community and limited block size..go away bitcoin. Bitfinix its your turn, SEC ETF say NO NO NO NO to Bitcoin ! ! Whats the hell.. 

[crairezx20]

oh man, i trapped right now..

Just yesterday was moved all my BTC to ETH on 0.059 now it is 0.052

I losed allready 0.3 BTC

What you guys advice me to do better? Goes on BTC right now?

Add more fiat and buy BTC or LTC?


Man , man its absolutely crap...

Right know I just hate this Bitcoin with a divided community and limited block size..go away bitcoin. Bitfinix its your turn, SEC ETF say NO NO NO NO to Bitcoin ! ! Whats the hell.. 

You have in a wrong way to buy right now . better to wait sometimes if you convert your bitcoin in to eth it doesnt mean you will lose.. just wait for a couple of weeks if the price of bitcoin will down you can exchange eth back to bitcoin that you made profit or if the eth price also increase and made profit sell them in other stable bitcoin like monero and buy bitcoins if the price is getting low again..
After that better to stay in bitcoin because the movement of bitcoin these days are fast unlike before.

[vsyc]

Cant be sure if that price increase of bitcoin breaking or reaching now $1500 makes most altcoin price turns or goes to red. Seeing on the price of bitcoin i guess it will break soon and will be going back again on $1100-$1200.Talking about alts im not worried if they turns to red because it the right spot to buy them again on cheaper price so theres nothing to worry infact we should be happy altcoin traders.

there will be a great buying opportunity for alts. i do not think now is anywhere near the time. let's see what bitcoin decides to do first.

It's great news for those of us wanting to diversify our BTC a bit and buying solid alts like LTC and ETH at a good discount price, but, bitcoin could indeed go parabolic and hit $2000 overnight with altcoins going -100% and this would be a disaster.


Im also getting a bit nervous having BTC in poloniex but how else are you supposed to profit from the fast price changes unless you have some BTC to trade with? (I get too nervous once BTC rises a lot because exchanges may be prone to exit scam)

Sounds like apocalyptic scenario, if that happens, no one ever will put money in any so called __stable__ and __resilient__ crypto. All alts were growing for 3 days in a row enormously, BTC as-well were hitting high at the same time, now alts all together take break, but bitcoin still grows, everyone panic.

UPDATE: If to take a look into graphs, crash started with GNO listing. With BTC grow alts started slow decline, and some even eventually started recovery, but on time of listing everything collapsed.

[Shiroslullaby]

Pick your ponies boys. Beautiful time to buy

Exactly.
Sell Bitcoin while everyone is buying, pick up cheap alts.
Wait a month or two for Bitcoin to drop and re-buy. Rinse and repeat.

[adroitful_one]

Pick your ponies boys. Beautiful time to buy

Exactly.
Sell Bitcoin while everyone is buying, pick up cheap alts.
Wait a month or two for Bitcoin to drop and re-buy. Rinse and repeat.

Buy low, sell high. Bitcoin is high right now. Sell it off and invest in whichever altcoins you're interested in as he said. Then, buy back in when the price dips down a little bit.

[CoinHoarder]

Doing a day trading is very risky as of now because the current price variation for bitcoin is only pumping and vice versa for all crypto's. This is very risky because it can be considered as 50/50 chance due to no changes of the behavior of price at all. It is more efficient to day trade once the bitcoin nearly reach 1.6K price wall.

Good on you for pointing out that it is risky either way. Nothing is ever as simple as the two posters you quoted make it seem. Sure, selling Bitcoin to buy Alt coins right now could prove to be profitable trades. However, that could also easily prove to be quite unprofitable. If Bitcoin continues its bull run, and the bottom falls out of the hyper inflated ALT coin markets, then these guys are in for a bad time. It is a very real possibility that Bitcoin continues up towards $2k and people keep flooding out of the ALT markets. Personally, I am taking the opposite position that they are. I am 100% in BTC at the moment until it starts showing signs of a reversal. At that time, where I will go from there depends on what the ALT markets are doing.

I could see both the Bitcoin and ALT markets going quite bearish simultaneously. In that case I'll be sticking my money in bitUSD or Steem Dollars, as they are pegged to the US dollar. But if the ALT market seems bullish when Bitcoin goes bearish, then I will divest back into some ALT coins. I think the former is more likely though (ALT market bearish simultaneously with the BTC market), because the ALT market has been heavily pumped and hyperinflated way too fast. Also, I know from being around over the years... historically, when Bitcoin is bearish for an extended period of time so is the ALT coin markets. Historical charts will back this up if you take a look at Bitcoins booms and busts compared to ALT coins' graphs around the same timeframe.

Until history proves me wrong, then I prefer to stick with historical data rather than speculating that the ALT market is suddenly mature enough to go against historical tendencies. If that is the case, I will change my strategy in the next book and bust cycle.

Then again, maybe they are right and I am wrong. That is why it's called speculation. 😂

[Herbert2020]

Im looking at poloniex right now and all altcoins are going red. Meanwhile BTC keeps going up. Is this the end of the ongoing altcoin bubble? How high can BTC get? Will this all stop once SEC rejects the ETF approval or this pump goes beyond that?

it is very possible that SEC rejects ETF another time and price of bitcoin drops again!
but that doesn't necessarily mean anything can change with altcoins. one thing is a bit more sure, and that is the fact that ETH will drop harder, because they have been pumping for the past month and the bubble just gets bigger and with BTC ETF they started spreading some lies about ETH ETF and hyped the price up again, increasing the size of the bubble. at the very least i can say the price looks scary at this point and with each pump it gets even scarier because things become more unstable.

Anyway, might be a good idea to have some on Poloniex, if LTC goes below 0.01 I will get a good position there again, im not risking to buy above that. BTC may go parabolic to hit something ridiculously high and alts may drop to the floor.

oh man litecoin has been on a weird path once again, i am looking at the 2 hour charts of polo and the big dump looks ridiculous and then that big just after it is even more ridiculous!
i hope you bought at 0.0098BTC 12 hours ago

[JeffBrad12]

Im looking at poloniex right now and all altcoins are going red. Meanwhile BTC keeps going up. Is this the end of the ongoing altcoin bubble? How high can BTC get? Will this all stop once SEC rejects the ETF approval or this pump goes beyond that?

My thought if altcoin is not on the bubble. But bitcoin is a big bubble right now. BTC-e & Bitfinex price is so odd.
Both leading the bitcoin price and already touched over $1500.
If this a second hype for bitcoin ETF and the bubble will pop soon.

Anyway, might be a good idea to have some on Poloniex, if LTC goes below 0.01 I will get a good position there again, im not risking to buy above that. BTC may go parabolic to hit something ridiculously high and alts may drop to the floor.

I think so, because all of the altcoin gets dumped so hard. This will be our opportunity to grab it.

After the bubble of bitcoin will be ended in the future and another big waves for altcoin will be coming asap.

[addicto]

This was because the appreciation of Bitcoin was huge and it also reached $1500 plus in short time and people were expecting to see it more higher considering it uptrend. It the increase was gradual altcoins were still remaining green but they have recovered successfully. In almost every altcoin market already seems solid floors and soon they will turn into green.