I've noticed something strange

[agustina2]

Hey guys,

As the title says - I've noticed something strange. Some major currencies are losing short-term value (not only against EUR/USD/GBP/name_your_currency), but against Bitcoin as well. I believe we can expect two things:

1. Bitcoin will skyrocket.
2. Incoming dump.

Reading my thoughts this way looks hilarious, but "myself know what I mean". We've seen this before, but I'm pretty sure something is about to happen.

What are your thoughts?

Im not a fan of thinking too much hype when it comes to that kind of concerns.

But Im interested of what will really happen. Will just take a cup of tea somewhere while watching what will happened.

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[LoyceV]

but things are now different.

This is a very dangerous assumption in any investment!

More people into Bitcoin = more strong hands.

I've counted 5 big drops (in Bitcoin) this year, and each time Bitcoin reached a higher point after that again. Realizing the whole dumping thing is manipulation to get people to panic sell at a lower rate makes me feel much more confident it will just bounce up again eventually.

You cannot compare it with history.

If history taught us one thing, it's that history repeats itself.

Bad thing is that alts are suffering, but as I said - the ones who deserves it will eventually flourish as well.  

I too got into alts at a very bad moment, right after many alts went up 10 to 100 fold. Since they've lost more than 80% already, I just keep them. Another thing history has taught me is that alts go up every few years, and once they do, I'll sell some. Not all, just a bit.

[zwiggel]

Hey guys,

As the title says - I've noticed something strange. Some major currencies are losing short-term value (not only against EUR/USD/GBP/name_your_currency), but against Bitcoin as well. I believe we can expect two things:

1. Bitcoin will skyrocket.
2. Incoming dump.

Reading my thoughts this way looks hilarious, but "myself know what I mean". We've seen this before, but I'm pretty sure something is about to happen.

What are your thoughts?

Probably your guess really correct. Today, bitcoin has skyrocketed, its value has grown rapidly in a short time. this is really nice. Bitcoin is always the strongest currency.

[Febo]

I believe my thread makes more sense now. Bitcoin is skyrocketing and alts are being dumped.

I kinda expected Bitcoin to shoot up a lot once it really broke the $5k barrier. It had been stuck just under it for a long time now. The same happened at $3k, and the same happened at $800. If it follows the same pattern, that would mean $8k soon.

Yes, but this time alts are being dumped harder than before. Myself am holding alts only and I can tell you that I don't like my current balances. So far only LTC is performing well vs BTC, but this was expected.

You should know better from past.

BTC will get in Newspaper headlines and evening news. New horde of people will jump in and start buying BTC.  Few weeks latter part of them will start looking around the Cryptospace and will see your altcoins and price of those will double.  Happened few times only this year.  So just chill out and enjoy the rest of this decade. Not need to do anything really.

I need/must! Day trading and accumulating coins in which I "trust".

That is a perfect way but.  What if you sell your favorite coin because you think it will go down for you to buy 20% cheaper and have 20% more of your favorite coins and then it go BUM +200% and never come back. And you are left with empty bag of coin you believed in for past 3 years.  All you can do is buy 1/3 of what you had or nothing at all. 

I know I would not survive it. So I just put my feet on the table and watch the party doing nothing.