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neurotypical (OP)
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October 25, 2017, 07:02:50 PM |
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I have noticed how in the charts, the orange line that represents the gains vs bitcoin are getting much lower. Sometimes coins pump really big when it comes to USD, but you don't make that many BTC gains anymore, example: https://coinmarketcap.com/currencies/clams/Notice how the all time high in BTC in august 2015 is similar to the all time high in USD that happened recently last week. So what does this tell us? making gains in BTC is harder. Have you noticed any altcoins that have done all time highs against BTC recently? |
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ticterine
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October 25, 2017, 07:06:13 PM |
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There was a chart I saw a while back showing the biggest gainers percentage wise of 2017. Bitcoin wasn't in the top 10, it was all alts. Bitcoin should give you steady, secure growth. You're not going to see the explosion like ETH this year from 10->400 with BTC in a short time frame. Over the course of 5 years, it will probably double many times over, but EXPLOSIVE growth is over.
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TimeHacker
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October 25, 2017, 07:08:53 PM |
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It is true that all other coins are slowly falling agains BTC, although not against USD. Bitcoin is rising very fast lately and people are probably not valuing other coins that much agains USD. The USD price of altcoins thus stays steady or rises quite slowly and alt/BTC price is falling.
In order to see some change in this, some reason would have to appear that would make people stop believing so much in Bitcoin and make them transfer their funds from Bitcoin to altcoins. Maybe the Segwit2x hardfork, in the case it will look very unpredictible and messy, could be such reason.
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surfinonmyownwavebaby
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October 25, 2017, 07:14:13 PM |
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Perhaps temporarily they are but I would imagine that this isnt the end of alts yet. The market goes through cycles and right now it is a bit of a down cycle for alts. They will likely snap out of it eventually but the only q is
whether that eventually will be a 2 weeks, 2 months, or 2 years from now.
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groundcontrol67
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October 25, 2017, 07:17:11 PM |
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Many alt-coins were surging in the previous months, it is just a cycle, bitcoin surges and alts suffer and then alts surge and bitcoin suffers, or at least that tends to be the pattern. Eventually coins value will be determined by their utility, if there are alts which are deemed to be useful then their value will grow and it is just a case of if they outgrow BTC or not.
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Odd Thomas
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October 25, 2017, 07:17:41 PM |
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Probably yes. Btc price is really so high and x2 means 100b market cap increase.
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orbit44
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October 25, 2017, 07:31:00 PM |
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It would make sense to think that bitcoin won't see fast growth nowadays. But actually nobody knows the future and how this experiment will continue. If there are some legal changes, like it is accepted as currency in a big country, or some breakthrough in technology bitcoin price could very well increase very fast.
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sensimilia
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October 25, 2017, 07:39:43 PM |
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Obviously the higher we go the harder it will be to see a 2x profit for example.
Basically bitcoin's growth over the past 7 years can't be sustained.
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yura888
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October 25, 2017, 07:42:29 PM |
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And now, in general, it is a very difficult situation on the market, and I think it's worth waiting for a real hardfork
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MissionPhailed
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October 25, 2017, 09:04:07 PM |
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Altcoin market is currently indeed extremely risky if your aim is to increase your BTC. Market dominance of BTC shrinked to below 38% in last june while Ethereum soared to 31% at the same time. Nowadays, BTC has managed to really gain the upper hand again with market share of 55-58%. I sold all my alts back in august but that was pure luck in hindsight.
I haven't seen any altcoins achieve a recent ATH relative to BTC, although I only keep my eye on a small amount of alts.
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Quinni
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October 26, 2017, 01:20:56 PM |
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At present, btc is the biggest beneficiaries, the funds are basically to go to Bitcoin
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Red-Apple
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October 26, 2017, 01:42:37 PM |
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that is happening only because the coins are trying so hard to keep their BTC value as the same. that means for example if a coin is worth 0.01BTC they put up walls there so that it won't drop hard. that indirectly means that price versus USD goes up because bitcoin is rising!
0.01BTC *4000$ = 40$
0.01BTC * 5500$ = 55$
and then they say our coin has been rising! that is partly manipulation and partly the fact that most people trade altcoins against bitcoin anyways so they don't care much about the USD value of the altcoins.
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troiano9
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October 26, 2017, 01:43:47 PM |
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After the segwit 2x fork the altcoins will go up again. People want to sell their alts for BTC to get their free 2x
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