Will Bitcoin continuos uptrend kill off the Alt Market?

[very_452001]

I can see a lot of bleeding in the Alt market but not on Bitcoin. Surely if this continues the Alts are doomed apart from a few popular Alts that can still survive as Bitcoin cannot have 100% market dominance all the time.

What you guys think?

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[ekin4]

No, altcoins I have followed made big rallies. Bitcoin and altcoins rise together. If Bitcoin make it to 10k USD then I expect Ethereum at least 1k and also for all other tokens similar raise.

[Amandier]

No, altcoins I have followed made big rallies. Bitcoin and altcoins rise together. If Bitcoin make it to 10k USD then I expect Ethereum at least 1k and also for all other tokens similar raise.

In fact everything is red as for now.

To OP, yes, I think as long as Bitcoin will rise altcoins will get severely hammered. However, counter-rise will be magical !

[Hamphser]

I can see a lot of bleeding in the Alt market but not on Bitcoin. Surely if this continues the Alts are doomed apart from a few popular Alts that can still survive as Bitcoin cannot have 100% market dominance all the time.

What you guys think?

We cant really point out what would be the cause of bearish trend on some altcoin in the market but as of now i dont see that most altcoin are on reds now except bitcoin. Some of them do ride on the trend on bitcoin some may not, its just like that sometimes they do go in opposite trends which we cant really be sure on where would prices go and comparing both fields would really be a confusing for us as a trader.

[turbulence]

i think soon there will be bitcoin correction and consolidation and then alts can have a huge rise, at least i hope so

[ekin4]

In fact everything is red as for now.

Nope, everything is not red now. I guess you follow wrong coins in wrong markets.
You better stop trading if you can't keep up with all markets. There were a lot of profits made today already in Etherdelta, Hitbtc and Bittrex.

[very_452001]

Surely there's no room in the market for 800 Alts. Only a few big players including bitcoin can survive i guess unless every single of those 800 Alt currencies have a unique real world usage each and is needed.

Pump and Dump coins are just pump and dump coins.

[very_452001]

Lets take NEO antshares alt as a case study. I see it very bullish even when bitcoin is bullish? I assume NEO bullish price is all thanks to speculation or is it a billion chinese people using it?

What does NEO have that is better than hundreds of Alts already out there?

[Charloz24]

ALTS will regain an uptrend when BTC stabilise. It is almost always like that. People sell alts in FOMO in BTC, but then when the rise stop, they will rebuy alts when they are seeing better rise opportunity.

[Altcoinster]

when btc corrects, the alts are going to explode

[Broly46]

I would like to know the real cause Bitcoin to rally so aggressive too.
Something big must be going on. 

[lokinator]

when btc corrects, the alts are going to explode

Agreed. Just make sure you've got your popcorn ready. Should be entertaining to say the least.

[archita]

I can see a lot of bleeding in the Alt market but not on Bitcoin. Surely if this continues the Alts are doomed apart from a few popular Alts that can still survive as Bitcoin cannot have 100% market dominance all the time.

What you guys think?

Though other alts are sinking due to the high rise in bitcoin price they don't lose much as you sell them for bitcoin.

[viparmenia]

bearish trend in altcoin market is due to outflow of money into NEO.

I guess chinese money are controlled outflowing into NEO.

All top Altcoins are bleading and lost their worth almost for 50% in last 30 days, here a portfolio showing 30 Altcoins with highest capitalisation since 30 June https://www.cryptocompare.com/portfolio-public/?id=44963

[jk_14]

I would like to know the real cause Bitcoin to rally so aggressive too.
Something big must be going on. 

What is happening is fairly simple. The more the price rises, the more people will inevitably become aware of Bitcoin. And the more people are aware of BTC, the more people will get in on it and the higher the price will rise, which in turn will lead to even more awareness.
This will keep going for quite a while, unless every government in the world outlaws BTC (won't happen) or a vastly superior coin shows up and pushes BTC from its throne.

[jzale]

This really saddens me. Some altcoins are correlated with BTC. When BTC does pump, some of the coins pumps too. But on this case, most of the altcoins are going down and BTC is still rising. This is not a normal rise on the price of BTC.

[jzale]

I would like to know the real cause Bitcoin to rally so aggressive too.
Something big must be going on. 

What is happening is fairly simple. The more the price rises, the more people will inevitably become aware of Bitcoin. And the more people are aware of BTC, the more people will get in on it and the higher the price will rise, which in turn will lead to even more awareness.
This will keep going for quite a while, unless every government in the world outlaws BTC (won't happen) or a vastly superior coin shows up and pushes BTC from its throne.

Or shall we say that the " big guys " in the market are transferring to BTC and this is pretty much the cause of the abnormal rise on BTC's price. Only those " big guys " are capable of doing so. It does bring awareness to all but only those " big guys " can afford the BTC price right now.

[jk_14]

I would like to know the real cause Bitcoin to rally so aggressive too.
Something big must be going on. 

What is happening is fairly simple. The more the price rises, the more people will inevitably become aware of Bitcoin. And the more people are aware of BTC, the more people will get in on it and the higher the price will rise, which in turn will lead to even more awareness.
This will keep going for quite a while, unless every government in the world outlaws BTC (won't happen) or a vastly superior coin shows up and pushes BTC from its throne.

Or shall we say that the " big guys " in the market are transferring to BTC and this is pretty much the cause of the abnormal rise on BTC's price. Only those " big guys " are capable of doing so. It does bring awareness to all but only those " big guys " can afford the BTC price right now.

That's not true. Anybody with any amount of fiat currency can purchase fractions of a BTC. There is no price that is "too high" or "unaffordable". It's always a question of whether or not somebody is willing to pay.
Sure, there is cash flowing from alts into BTC that is also helping the current trend, but that doesn't mean it's all "big guys". People are overestimating "whales" and underestimating the impact of a lot of individuals.

Either way, BTC is poised to rise, regardless of "big guys".

[very_452001]

Ok when u guys predict bitcoin price will stabilise/correct?

[Charloz24]

Ok when u guys predict bitcoin price will stabilise/correct?

Good question I wish I have the answer, but:

When BTC was under 3000, it was always crashing when it was to go over 3000. With the recent rise, I was under the impression that 4000 would be hard to pass too, but it doesn't seem this time. So my bet would be 5000??? if not, then it's 10 000!

[yonton]

Take a look at the top ten alts, they've been falling vs bitcoin for weeks. Just because neo and a few other small shitcoins have a lil pump doesn't mean alts are doing great. Some people get lucky with a shitcoin and now they are experts lol until they lose it on the next move they make. Than we never hear from them again lol

[TravelMug]

I can see a lot of bleeding in the Alt market but not on Bitcoin. Surely if this continues the Alts are doomed apart from a few popular Alts that can still survive as Bitcoin cannot have 100% market dominance all the time.

What you guys think?

We have seen this before and this is not the first time. That is why we can say that there is a correlation between bitcoin and the alts. I think the top 5 altcoin are always affected by the price of bitcoin. Right now since bitcoin is rising some of the altcoins are bleeding its just normal. The thing is, those who are bagholders of this altcoins suddenly panics and the only thing to do is just sell or continue to lose. That is why altcoins are just for pump and dump coins and just take the profit and go to the next coin that will be pump. Really hard to be a bagholder of altcoins really.

[sweetbet]

Everything that goes up must come down. Sooner or later, the price of Bitcoin will experience a correction, and the alt coins will skyrocket.

[Lontonbit]

Bitcoin corrected down to 1800 recently and Alts fell even harder. Now bitcoin rises and Alts fall even more. Doesn't matter if bitcoin goes up or down Alts are just falling!!

[ROT13]

If you look at USD value if you just held your bags you now have roughly twice as much as the bottom of the last crash just over a month ago, or around 80% of the top of the pump that preceded it.

Regardless of this as several people have mentioned it's inevitable we will have some significant upwards motion sooner rather than later.  Far too much money and volatility in the markets for people with the financial resources to capitalise on it.  Patience gentlemen.

[yonton]

Is bCH cash taking market cap away from altcoins? Enough to make a difference?

[very_452001]

Bitcoin market dominance is at nearly 50% now

If dominance gets higher then surely Alts will suffer and slowly die

[dennyd999]

No, altcoins I have followed made big rallies. Bitcoin and altcoins rise together. If Bitcoin make it to 10k USD then I expect Ethereum at least 1k and also for all other tokens similar raise.

Exactly.

Bitcoin rise is always very good,because other alts will rise soon too.

BTC dominance from 1 August is still the same 49.8% (according to Coinmarketcap)

That means everything is growing.

[dennyd999]

Lol very_452001 ,nice mate we are talking about the BTC dominance,but with different point of view.

I doubt altcoin market will disappear

Bitcoin is a free market  and every free market need competitors

[h00l1gan]

I believe people are selling their alts to buy btc while it in a good shape, as soon as btc pump is over everything will be fine once again.

[Lontonbit]

People keep saying Alts rise together with bitcoin but I'm looking at all the top Alts right now at theyre lowest levels vs bitcoin in months. I see a blood bath on the charts vs bitcoin. I've lost half my bitcoin now buying eth xrp nem steem

[(oYo)]

Bitcoin market dominance is at nearly 50% now

If dominance gets higher then surely Alts will suffer and slowly die

That would be a good thing for us BTC holders. Then when there is blood in the streets you buy up the alts.

[QFT]

Alts are  a huge part of crypto, they will never die. If anything it's a great time to buy and maybe enjoy some massive spikes in the future.

[Fritwakky]

Bitcoin market dominance is at nearly 50% now

If dominance gets higher then surely Alts will suffer and slowly die

You don't know what are you talking about. You only see red color on the altcoin list on Poloniex or orther exchange. That is only effect of rising Bitcoin price. If you compare price of any altcoin with fiat you will see that price has not changed much.

[Lontonbit]

Bitcoin market dominance is at nearly 50% now

If dominance gets higher then surely Alts will suffer and slowly die

You don't know what are you talking about. You only see red color on the altcoin list on Poloniex or orther exchange. That is only effect of rising Bitcoin price. If you compare price of any altcoin with fiat you will see that price has not changed much.

Most investors here bought there Alts with bitcoin or trade in bitcoin. Many with the intention of accumulating more bitcoin. Anyone who bought Alts with bitcoin after the spring rise is likely severely down vs btc

[leea-1334]

Bitcoin market dominance is at nearly 50% now

If dominance gets higher then surely Alts will suffer and slowly die

Tell me why alts are "suffering" when they are almost all enjoying growth in price? Unless you bought alts in BTC, in which case you are trading, then yes, you may be making nett BTC losses. But convert that all back to fiat and you won't have lost as much. If that means alts are slowly dying, then it just makes a stronger case for alts: stop relying on BTC and make your own space in the crypto world.

Congratulations to alts that are not only traded in BTC.

[Cootie]

I can see a lot of bleeding in the Alt market but not on Bitcoin. Surely if this continues the Alts are doomed apart from a few popular Alts that can still survive as Bitcoin cannot have 100% market dominance all the time.

What you guys think?

I agree. Even bitcoin has many users, it can't have 100% dominance. There are people who are using alt coins because of ideas that they're holding like the hopes of being the best one day. Not all people is in favor of bitcoin. Though bitcoin is helpful, it also possesses disadvantages which other altcoins don't possess which is another reason why people switch to altcoin

[Strongkored]

Bitcoin corrected down to 1800 recently and Alts fell even harder. Now bitcoin rises and Alts fall even more. Doesn't matter if bitcoin goes up or down Alts are just falling!!

Bitcoin prices will be correction soon, and I think that time is the time for altcoin to increase, and the increase will be very significant, because the Bitcoin holder I'm sure they also have altcoin, and this will make them start to change the current situation to raise the price of altcoin.

[Sephire]

Bitcoin usually leads the alt coins. Alt coins will rally when Bitcoin goes in a consolidation for a few days that
should happen soon. The market caps of most alt coins are small so the money flowing into alts can cause big percent gains in
short period of time.

[CryptoPro3]

Yeah wake me up when this BTC rise ends.

[Thinvestor]

Its difficult to hold your nerve whilst you see your alts losing money against BTC, hopefully will end soon and we see an alt correction....

[yonton]

I never ever could have imagined alts going this low against bitcoin again. Most of the gains during the big spring boom has been erased. Its unbelievable!

[leea-1334]

I never ever could have imagined alts going this low against bitcoin again. Most of the gains during the big spring boom has been erased. Its unbelievable!

I feel you,,, I looked at how everything crypto rose when Bitcoin did just those few sunny months ago. I fully expected the same would happen but alts have not been able to keep up. They're now stagnant in value,,, while Bitcoin has almost doubled from the same period. BTC reigns supreme in the end! Maybe alts just have a yearly cycle.

[viparmenia]

In a market dominated by koreans and chinese who are very sentimental and are falling quickly into panic, one need to have not strong, but iron nerves.

Stay cool...
Forgot the word selling...
Keep your coins in wallets and not in exchanges, especially PoS Coins in own wallet is must, to earn more coins without trading...