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Linuld
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August 20, 2017, 05:44:12 PM |
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i think it is normal, maybe i can give some explain. bitcoin is a center of crypto currency, whatever happen with bitcoin, the altcoin will get the impact too. so if bitcoin price is increase, altcoin price will be decrease and this will happen with the other side. when we see bitcoin start to climb then we should aware and prepare but don't afraid because if altcoin down, i am sure the other time, the price will be recover like what bitcoin do.
Yeah, and the impact of bitcoin on altcoin is that the price of altcoin drops sharply, this is very easy to understand. We should think simply if the price of bitcoin increases dramatically, the amount invested in bitcoin will also increase, so the question is where is the money, the answer is in altcoin, investors and traders will be dumping altcoin to pump the price of bitcoin up and make more profit. And when this situation is over, altcoin will be pumped back Today the price of the altcoins are increasing except ETH and other coins. I think Bitcoin is now stable at $4k because we are not seeing a big variation in BTC price from last 1 week. So this is the time for altcoins. Let's wait for few more days maybe all altcoins price will start to increase. |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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YTBitcoin
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August 20, 2017, 08:17:06 PM |
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Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
It could be that people are selling their alts to buy bitcoins. However, alts like eth increases in value when bitcoin does. Bitcoin cash is also going strong. Bitcoin value has always been strong. And dumping and pumping is a part of trading and you ay say that it is the beauty of trading. But let me clear that bitcoin value always increase more than that of altcoins. When market changes. And altcoins value rises then at the same time bitcoin’s value raises even more. So people now have started preferring bitcoin. |
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exstasie
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Activity: 1806
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August 20, 2017, 08:33:28 PM |
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We go through periods of money going into altcoins and going into bitcoin. With the price rise of BCC I also think probably many alt speculation moved into there for the time being. Its just the nature of the market since many people who are involved in alts are more speculators than long term holders.
I think it was the BTCUSD rally above $3000 that set this cycle into motion. During the initial rally, altcoins tend to suffer losses as altcoin holders exit their positions to buy back bitcoins. Now that BTC has finally gone through a correction (or the first leg of a correction), money often flows back into altcoins. Since BCH was the most hyped (being launched and added to major exchanges so recently), it naturally absorbed more of that money than many of the other markets. |
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streazight
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August 21, 2017, 07:38:31 PM |
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We go through periods of money going into altcoins and going into bitcoin. With the price rise of BCC I also think probably many alt speculation moved into there for the time being. Its just the nature of the market since many people who are involved in alts are more speculators than long term holders. It will continue to shift between the two for the foreseeable in my opinion as there will always be people speculating more than others and looking to make a quick buck.
There is no end to this. The pump and dump of coins will keep shifting between bitcoins and altcoins as well as the traders will also keep hanging between the two. There is no doubt that the altcoin investors do not treat their coins as long term investments whereas bitcoins’ majority of the investors are long term holders. |
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allohha
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August 21, 2017, 07:45:35 PM |
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We go through periods of money going into altcoins and going into bitcoin. With the price rise of BCC I also think probably many alt speculation moved into there for the time being. Its just the nature of the market since many people who are involved in alts are more speculators than long term holders. It will continue to shift between the two for the foreseeable in my opinion as there will always be people speculating more than others and looking to make a quick buck.
There is no end to this. The pump and dump of coins will keep shifting between bitcoins and altcoins as well as the traders will also keep hanging between the two. There is no doubt that the altcoin investors do not treat their coins as long term investments whereas bitcoins’ majority of the investors are long term holders. Perhaps you are right, but nevertheless, for most Crypto-currencies there are no such forecasts as for Bitcoin. Only for Bitcoin they say, That the price will grow very quickly and high. As already mentioned in the forecasts of experts, that Bitcoin in 2021 can reach 100,000 dollars for one Bitcoin. But if you take into account any altcoin, then not one such prospects do not. I think that this is the answer to the question posed. |
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efx
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August 21, 2017, 08:12:03 PM |
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I think we are in a good time for the altcoins now. Bitcoin is going to accumulate and the other coins a going to take profit from it
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ckorbba
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August 21, 2017, 08:44:04 PM |
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I think we are in a good time for the altcoins now. Bitcoin is going to accumulate and the other coins a going to take profit from it
Actually, I completely agree with you, Because if you sell other coins for Bitcoin to you can get more Bitcoin and later it will be a huge amount. The benefits will be incredible. |
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Jewell
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August 21, 2017, 11:02:10 PM |
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We go through periods of money going into altcoins and going into bitcoin. With the price rise of BCC I also think probably many alt speculation moved into there for the time being. Its just the nature of the market since many people who are involved in alts are more speculators than long term holders. It will continue to shift between the two for the foreseeable in my opinion as there will always be people speculating more than others and looking to make a quick buck.
There is no end to this. The pump and dump of coins will keep shifting between bitcoins and altcoins as well as the traders will also keep hanging between the two. There is no doubt that the altcoin investors do not treat their coins as long term investments whereas bitcoins’ majority of the investors are long term holders. yes that is right and in fact there are a lot of reason which are causing pump and dump of a currency, in fact when bitcoin price start increasing people try to invest money in bitcoin and for that they most selly their altcion which cause the dump in the price of altcoin but some time people are try to book their profit form altcoin and therefore they sell their altcoin which is also become another reason of the decreasing the price of altcoin. |
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bitllionaire
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August 21, 2017, 11:36:19 PM
Last edit: August 23, 2017, 05:15:49 AM by bitllionaire |
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I think we are in a good time for the altcoins now. Bitcoin is going to accumulate and the other coins a going to take profit from it
but i think that still we have good time to continue investing money in bitcoin. in fact bitcoin still have good potential and its price can increase too much therefore if we can manage to invest money in bitcoin it will be really a good decision. i myself have invested a good amount of money in bitcoin and still want to invest more and more as i am too much confident about bitcoin investment. |
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BitMaxz
Legendary
 Online
Activity: 3248
Merit: 2965
Block halving is coming.
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August 21, 2017, 11:48:04 PM |
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I think we are in a good time for the altcoins now. Bitcoin is going to accumulate and the other coins a going to take profit from it
but i think that still we have good time to continue investing money in bitcoin. It should be still nice to invest more in bitcoin instead of investing it into altcoin bitcoin are still in strong stage where there are many new comers and newbie come that i think more new comers will invest in bitcoin and the price can be increase more as i can seen the trends still stable and it can be increase more because of the more impressions in google and other search engine and social medias.. So the price can be possible to increase more and if you sell you will regret not buying bitcoins.. |
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Rostchild
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August 22, 2017, 01:20:07 AM |
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I still keep my coins and I didnt dump it.
I just think that the price is dropping due to the algo feature, a sort of like if BTC down so the ALT down,... I keep it also that way.
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ASHLIUSZ
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August 22, 2017, 01:29:14 AM |
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I think we are in a good time for the altcoins now. Bitcoin is going to accumulate and the other coins a going to take profit from it
but i think that still we have good time to continue investing money in bitcoin. It should be still nice to invest more in bitcoin instead of investing it into altcoin bitcoin are still in strong stage where there are many new comers and newbie come that i think more new comers will invest in bitcoin and the price can be increase more as i can seen the trends still stable and it can be increase more because of the more impressions in google and other search engine and social medias.. So the price can be possible to increase more and if you sell you will regret not buying bitcoins.. Yeah, we need to understand that bitcoin and altcoin function more or less on the same platform. So we're supposed to invest based on the time scaling, capital, and the profit expectancy. Investing into bitcoin is good if it's a long term investment, whereas with altcoin its good to invest if you have a large backup to invest and withdraw in a short considering it to be a short term investment. |
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rockyboy
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August 22, 2017, 04:10:26 AM |
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When the price of altcoins dump, its the best way to buy coins because it will eventually rise and you will earn a lot and make all your investment double or tripple.
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Kemarit
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Activity: 3080
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August 22, 2017, 04:13:57 AM |
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I think we are in a good time for the altcoins now. Bitcoin is going to accumulate and the other coins a going to take profit from it
but i think that still we have good time to continue investing money in bitcoin. It should be still nice to invest more in bitcoin instead of investing it into altcoin bitcoin are still in strong stage where there are many new comers and newbie come that i think more new comers will invest in bitcoin and the price can be increase more as i can seen the trends still stable and it can be increase more because of the more impressions in google and other search engine and social medias.. So the price can be possible to increase more and if you sell you will regret not buying bitcoins.. I agree, your trading portfolio should be around 50-60% for bitcoin and the rest altcoins like ETH or LTC is a best bet. I think for newbies, is really best to go to bitcoin instead of altcoin simply because altcoin can be manipulated easily. We have seen multiple Pump and Dump groups here so I guess you know what their functions are. I'm not saying that there are no manipulations from behind in bitcoin, but is really hard to do it now because a lot of big investors are into it and no one can total control of the number of bitcoins now. So for newbies, bitcoin is the best if you are going to ask me. |
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bustomi
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August 22, 2017, 07:55:18 AM |
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Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
because altcoin price who compare with bitcoin leave behind, if the bitcoin pump, the value of other altcoin become decrease, Rather like fire and water, If the fire is extinguished then the water fills it and if the fire is on then the water will dry out. |
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gabmen
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August 22, 2017, 11:21:29 AM |
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Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
because altcoin price who compare with bitcoin leave behind, if the bitcoin pump, the value of other altcoin become decrease, Rather like fire and water, If the fire is extinguished then the water fills it and if the fire is on then the water will dry out. Indeed.prices of altcoins will always be linked to how bitcoin fares in the market. Of course with bitcoin surging, people would look less into alts for making profit and focus more on a much safer btc |
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flower1024
Legendary
Offline
Activity: 1428
Merit: 1000
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August 22, 2017, 11:54:32 AM |
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Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
because altcoin price who compare with bitcoin leave behind, if the bitcoin pump, the value of other altcoin become decrease, Rather like fire and water, If the fire is extinguished then the water fills it and if the fire is on then the water will dry out. Indeed.prices of altcoins will always be linked to how bitcoin fares in the market. Of course with bitcoin surging, people would look less into alts for making profit and focus more on a much safer btc Yes today all altcoins price and Bitcoin price is falling. After few weeks again the Bitcoin price came under $4k. I think it may have a chance to go still down.So we may get one more chance to buy bitcoins at a low price. You are interested in investing in altcoins then it is the right time. Check the price and buy coins. I am buying some more waves. |
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Bodywowoya
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August 22, 2017, 01:26:24 PM |
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Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
because altcoin price who compare with bitcoin leave behind, if the bitcoin pump, the value of other altcoin become decrease, Rather like fire and water, If the fire is extinguished then the water fills it and if the fire is on then the water will dry out. Indeed.prices of altcoins will always be linked to how bitcoin fares in the market. Of course with bitcoin surging, people would look less into alts for making profit and focus more on a much safer btc Yes today all altcoins price and Bitcoin price is falling. After few weeks again the Bitcoin price came under $4k. I think it may have a chance to go still down.So we may get one more chance to buy bitcoins at a low price. You are interested in investing in altcoins then it is the right time. Check the price and buy coins. I am buying some more waves. Now I see how the bitcoin price is going down, but I do not see how the price of alternative coins is going up. Maybe the market will react a little later. I'm already sick of the fact that all alternative coins are getting cheaper. Trade is very difficult lately) |
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PacePay
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August 22, 2017, 09:30:48 PM |
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Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
because altcoin price who compare with bitcoin leave behind, if the bitcoin pump, the value of other altcoin become decrease, Rather like fire and water, If the fire is extinguished then the water fills it and if the fire is on then the water will dry out. Yes like fire and water scenario, bitcoin and altcoin have relation. It happens due to decreasing of altcoin whenever bitcoin price increases. They have a comparison against each other so whenever one raise the other have to fall down most of cases. Bitcoins are never ever going to let altcoins surpass them. |
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Om.monata
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August 23, 2017, 03:56:43 AM |
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I think it's normal, because the movement of the price of bitcoin as coins the main. so if bitcoin rises then the price of altcoin will be down. if you want to price of the altcoin goes up then would not want to wait for the bitcoin price a bit on the lowest point
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