Alts fall, Bitcoin falls ... where is the money going?

[mike4001]

Hi

Thread title says it basically.

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

[klarki]

You thought that positive growth will be permanent?

[Meuh6879]

because vacancy & airplane are not cheap ... ?

[mike4001]

You thought that positive growth will be permanent?

No but when Altcoins dump they are usually sold.

And they can only sell for Bitcoins which should then rise

[Minecache]

It's the final shakedown of the tree to get rid of the weak hands before the August mega pump.

[bitcoinmaniac52]

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

Altcoins are not always dumped for Bitcoins. In fact, they are often dumped for USD or other fiat currencies on exchanges.

With that said, I think in general this bubble has popped and we are seeing the beginning of what will be a long, slow decline as we have seen on multiple occasions already in the past.

[NavySeals]

Hi

Thread title says it basically.

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

Money is leaving the market. This is very consistent with the expected scenario. They all wait for segwit activation and before it we'll never see bright days.

[Reid]

Question is did they make a profit out of it or is it just a mere speculation again because of the August scare?
They might be hoarding a lot of USD now making ready for a big fall which I dont see will happen just like that.
Another story which somehow fails again and again.
If only there was a betting site into where bitcoin will be really going then I would bet up again.
No doubt it will.
Those who sold even their altcoins. Better see to it that you made the right choice.

[vapourminer]

You thought that positive growth will be permanent?

No but when Altcoins dump they are usually sold.

And they can only sell for Bitcoins which should then rise

Which are most likely then sold for fiat.

[Nivir]

Mostly weak people dumps due to bitcoin split FUD. Another thing is the sudden rise of ICOs. ICOs are breaking records in a span of weeks. A couple f months ago MobileGo closed with 52 million usd but weeks later Bancor topped it with their 152 million usd. And just now ongoing Tezos ICO is already at around 215 million usd.

[crazyivan]

Just do not look at red candles. Come back in 3 weeks time to see lots of green ones.

If u re not a speculator, dont trade, just walk away.

[Seansky]

Hi

Thread title says it basically.

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

As we all know weak hands dump their bitcoins nowadays because they are scared of the upcoming fork in August 1. In addition to that, whales are probably dumping to bring down price of bitcoin for them to rebuy at cheaper price but after this bitcoin would recover so for now all the money goes to fiat.

[Keihatsu]

doh! because ppl are withdrawing fiat to take profit and going on holiday and buying cars.

[phr0stbyt3]

This what happened with bitcoin when people were selling ethereum, what people are basically doing is selling their altcoins to get fiat but as bitcoin is currently the easiest way of getting fiat people are dumping alts and buying bitcoin and as they want fiat they end up selling those bitcoins also which leads to the fall of bitcoin. This happens most of the time nothing new

[hubballi]

This what happened with bitcoin when people were selling ethereum, what people are basically doing is selling their altcoins to get fiat but as bitcoin is currently the easiest way of getting fiat people are dumping alts and buying bitcoin and as they want fiat they end up selling those bitcoins also which leads to the fall of bitcoin. This happens most of the time nothing new

This all is happening because everyone is not certain about segwit2x implement result, so in fear of the price can go down so everyone wants to cash out and waiting for the August 1 and if the price dumps then they can buy back in low price.

[Raven91]

Hi

Thread title says it basically.

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

I dont really expect why the altcoin is falling down in its price and i guess it is a normal thing falling down and pumping of the coinsbest in the market so i guess it will also pump a lot after some months or year i dont think that this will be the end of the cryptocurrency

[bhadz]

So we have another bloody week for the whole crypto market? This is just happening because of the FUD being spread by those people that wants to earn and wants to buy when the price is becoming lower. And this is in favor of them but for us who are long term holders we need to surpass this feeling because it needs to happen.

[Mia Wallace]

We were having a very good rally for the past few months and i expected this to happen and it happens in every market,so it is not that strange and i am sure it will recover at a later time,so if anyone invested in any coins and the price went down,do not worry,the price will recover at a later time but makes sure that the coins you invested are good coins.

[batang_bitcoin]

Almost the same scenario happened last time everything is on red. And if you are expecting when the alt coins are falling then bitcoin is increasing? I don't know but it's totally different now. It's like a domino effect and big profit takers are starting to withdraw their profit into fiat and they will enter again when the price gets lower.

[Victorycoin]

Hi

Thread title says it basically.

Almost all Altcoins are currently falling, which means they are dumped for Bitcoins.

So Bitcoins should be bought and therefore rising => but they are also falling.

Why is that?

Money is leaving the market. This is very consistent with the expected scenario. They all wait for segwit activation and before it we'll never see bright days.

You're right, money is leaving the market for fear of what August 1st would bring and that is expected. Now until the day comes by, we're in for more "red candles" and the money is headed straight to the fiats, because some people are sensing a threat to Bitcoin, is a threat to all cryptocurrencies. Some of us however, are going to be right here waiting to board the lunar flight!