Bitcoin Price Dips Below $5,800, While Ethereum Recovers Beyond $300

[StockBet.com]

https://www.cryptocoinsnews.com/bitcoin-price-dips-below-5800-while-ethereum-recovers-beyond-300/

Who believes that Ethereum, and altcoins, will rally after the Bitcoin fork is over?

[MissionPhailed]

Yes, Bitcoin dominance on the total market cap dropped somewhat from 59% last Saturday to just below 56% now while Ethereum is currently at 17% (was 16% yesterday). I think most altcoins will indeed go up on the short term as funds are probably going to be allocated from Bitcoin to alts. As the current number 2 in cryptoland, ETH seems indeed a good candidate for a rally, as it is now relative 'cheap' compared to the 0.15BTC it was worth at some point in last June.

[cryptocrusher]

I think it is premature to say that it is over, the next day or so will be telling. Always these things are staggered in their nature.

[joseafonso123az]

ETH sees more stable and increases slower than BTC, because it is treated as a altcoin, so many do trades with it! While the forthcoming fork can make people buy altcoins for the short run, to profit as much as they can before the unpredictable time  after the fork.

[Don Pedro Dinero]

Yes, there seems to be a relation between bitcoin going up in dominance and alts going down, and the other way around. Most alts can be only bought using bitcoin, so it’s not that surprising.

Do you think it has something to do with the fork? Where I live it is still October 24th but in some parts of the world it is already 25th. Or maybe anticipation of what it is going to happen after the fork.

Anyway, Ethereum has gone up during the past 24 hours after going down for a week, it seems normal volatility.

[nidacoinlove]

Yes, Bitcoin dominance on the total market cap dropped somewhat from 59% last Saturday to just below 56% now while Ethereum is currently at 17% (was 16% yesterday). I think most altcoins will indeed go up on the short term as funds are probably going to be allocated from Bitcoin to alts. As the current number 2 in cryptoland, ETH seems indeed a good candidate for a rally, as it is now relative 'cheap' compared to the 0.15BTC it was worth at some point in last June.

This market cap drop of bitcoin is due to the hardfork, people with weak heart are changing bitcoin into the alts. I don't see any other reason of the bitcoin cap moving downwards. We may see the same trend for the next couple of weeks or maybe for a week only. Once after the fork issues are fixed bitcoin will regain it's market cap with visible increase.

[laurenB7742]

Yes, Bitcoin dominance on the total market cap dropped somewhat from 59% last Saturday to just below 56% now while Ethereum is currently at 17% (was 16% yesterday). I think most altcoins will indeed go up on the short term as funds are probably going to be allocated from Bitcoin to alts. As the current number 2 in cryptoland, ETH seems indeed a good candidate for a rally, as it is now relative 'cheap' compared to the 0.15BTC it was worth at some point in last June.

This market cap drop of bitcoin is due to the hardfork, people with weak heart are changing bitcoin into the alts. I don't see any other reason of the bitcoin cap moving downwards. We may see the same trend for the next couple of weeks or maybe for a week only. Once after the fork issues are fixed bitcoin will regain it's market cap with visible increase.

Even 56% Bitcoin dominance of the total cryptocurrency market cap is still high. I remember it being 50% or even lower not too long ago. I don't think Bitcoin dominance will go back to 59% anytime soon. But it will probably stay above 50%.

Ethereum has lots of potential, price bellow 0.1 BTC is underrated in my opinion. I has been falling for few months now and will come back to 0.08 or even above 0.1 BTC. One extraordinary news and it will explode. For example China and Russia have regulated ICOs and given green light to start-ups using ICO as method of funds rising, but they have to follow the laws. Or something like that and there will be new serious projects and everyone will be buying ETH again. Mark my words

[omonuyak]

I seriously believe that there  is going to be a serious really after the hardfork and the splitting that is going to follow after. Ethereum, ripple, bch and litecoin has going over 6% today while bitcoin is around  $5,515 at https://coinmarketcap.com. However I do believe that bitcoin is having short term corrections and before the end of this week bitcoin may bance back round above  $6,000 again. Bitcoin gold has also be listed at yobit exchange and traders are dumping it at the moment and I believe that the funds are flowing back to the altcoins market.

[Koadharber]

I seriously believe that there  is going to be a serious really after the hardfork and the splitting that is going to follow after. Ethereum, ripple, bch and litecoin has going over 6% today while bitcoin is around  $5,515 at https://coinmarketcap.com. However I do believe that bitcoin is having short term corrections and before the end of this week bitcoin may bance back round above  $6,000 again. Bitcoin gold has also be listed at yobit exchange and traders are dumping it at the moment and I believe that the funds are flowing back to the altcoins market.

On the recent price of bitcoin as of this writing we did able to see already it did just reach down again on $5400+ and i do somehow expect for this thing to happen and even more worse it can go more lower but yet i do see a strong support level on $5200 price which i believe we wont able to break out that support and bounce up again and hitting that 6k range.Lets say how btc price would react after the fork.

[blockman]

https://www.cryptocoinsnews.com/bitcoin-price-dips-below-5800-while-ethereum-recovers-beyond-300/

Who believes that Ethereum, and altcoins, will rally after the Bitcoin fork is over?

I do, most of the traders that will gain profit after the fork will be divesting it to different alt coins mostly with ETH. Look at the charts of the coinmarketcap.com today almost all of the alt coins are healthy, good and green. And after these traders does have enough profit again they'll be jumping back to bitcoin to gain another profit so it can lead the price of bitcoin go up higher again. But this Segwit2x is really something that gives me a crunch to my heart.

[shursight]

But it was obviously going to happen... I never expected to see bitcoin going up forever, we needed to see this dump, i am not happy with it after all.. but it was needed if we want to see a stable market during this days, but we all want to see bitcoin up, no matter what.
All the altcoins are recovering and going up by a lot of money, Ethereum will probably hit $320 or $330 during this week, well, i hope so because i have a lot of ethereum on my wallet right now.
But the whole market is in green.

[BitMaxz]

Base on what i seen this is not the same happen with fork last august that other people are converting their bitcoin into altcoin instead but right now we are seeing price increase from the alts after the dip of bitcoin price.. 
Since ethereum has slow movement of the price compare bitcoin price.. they choose to convert their bitcoin in to ethereum and they convert again once ethereum getting good value and the price of bitcoin is also cheap..
Its a  basic way of traders so that they can make more profit but risky..