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very_452001 (OP)
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November 10, 2017, 03:26:12 PM |
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When bitcoin goes up, Alts go down.
When bitcoin goes down, Alts go down.
When Bitcoin price is stable flat line then Alts prices go in the green.
All above happens regardless of any Alt and regardless how good the road map is for that Alt.
So in summary just ignore this Alt speculation sub forum till bitcoin price stabilisation?
Or which altcoins are independant from bitcoin and the above statements?
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Rozita
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November 10, 2017, 03:32:37 PM |
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When bitcoin goes up, Alts go down.
When bitcoin goes down, Alts go down.
When Bitcoin price is stable flat line then Alts prices go in the green.
Seems that it's completely true. I expected altcoins price to rise after segwit2x cancellation. But after a little bit of increase in altcoins prices, they are dropping again even more than bitcoin. |
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cryptimus prime
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November 10, 2017, 03:37:08 PM |
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I chose rather to ignore BTC.  BTC, BTC gold, BTC cash, BTCSegwit2x yesnoyesno scam....no thanks. Its time for other cryptocurrencies. BTC is an old software which cant upgrade. |
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nuskill
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November 10, 2017, 03:40:27 PM |
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There is still some uncertainty.
So as you can see overall there is much Fiat that gets taken out of the crypto market. I mean we lost quite a few billions already.
they will come back as soon it is stabilised.
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very_452001 (OP)
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November 10, 2017, 03:46:16 PM |
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There is still some uncertainty.
So as you can see overall there is much Fiat that gets taken out of the crypto market. I mean we lost quite a few billions already.
they will come back as soon it is stabilised.
Segwit2x is cancelled so what uncertainty is there left? |
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topesis
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November 10, 2017, 04:12:26 PM |
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I think te issue now is with the time of the year we are, most people always take money out of the system rather than put in and this dump in price is bound to happen when most people are taking profit, I expect the next bull run to start by March next year
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very_452001 (OP)
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November 10, 2017, 04:58:16 PM |
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Is the following statement I like to add is right?:
When bitcoin fails to deliver its purpose properly causing its price to go down then will Alts superior to bitcoin go up in price? For example Alts that is cheaper fees and faster than bitcoin.
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very_452001 (OP)
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November 10, 2017, 05:01:50 PM |
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I think te issue now is with the time of the year we are, most people always take money out of the system rather than put in and this dump in price is bound to happen when most people are taking profit, I expect the next bull run to start by March next year
Ok so its like hot and cold seasons yeah. At christmas time its when shops/stores make the most money of the year which should result in higher profits and shares in the stock market. So best to leave crypto markets for stock markets now? |
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yonton
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November 10, 2017, 05:04:58 PM |
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Sorry guys, bitcoin and the cryptomarket doesn't play by those rules. There is no seasons in the crypto world. It can go up or down at any time of the year and as mass adoption unfolds nothing can stop it's rise.
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wojak
Member
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Activity: 140
Merit: 10
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November 10, 2017, 05:40:32 PM |
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When bitcoin goes up, Alts go down.
When bitcoin goes down, Alts go down.
When Bitcoin price is stable flat line then Alts prices go in the green.
You have 1ALT that has stored capital in BTC, and it is 10BTC lets say 1BTC == $7000 so 1ALT supply/usd cap supply = 100ALTs usd cap = capital in BTC x BTC/USD price 1ALT = 10BTC/100 1ALT = 70000USD/100 1ALT = 700USD or 0.1BTC when BTC is falling USD capital is falling - lets say now: 67000USD/100 = 670USD when BTC raises - ALT in USD is raising, sometimes people are trying to catch the train and investing, sometimes people are monetizing profits when BTC falls - ALT in USD falls, minus people are in panic and selling - capital is falling even more when BTC is stable - people just invest in what they think is good investition |
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very_452001 (OP)
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November 10, 2017, 06:38:51 PM |
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When bitcoin goes up, Alts go down.
When bitcoin goes down, Alts go down.
When Bitcoin price is stable flat line then Alts prices go in the green.
You have 1ALT that has stored capital in BTC, and it is 10BTC lets say 1BTC == $7000 so 1ALT supply/usd cap supply = 100ALTs usd cap = capital in BTC x BTC/USD price 1ALT = 10BTC/100 1ALT = 70000USD/100 1ALT = 700USD or 0.1BTC when BTC is falling USD capital is falling - lets say now: 67000USD/100 = 670USD when BTC raises - ALT in USD is raising, sometimes people are trying to catch the train and investing, sometimes people are monetizing profits when BTC falls - ALT in USD falls, minus people are in panic and selling - capital is falling even more when BTC is stable - people just invest in what they think is good investition Yeah however I prefer BTC over fiat USD any day of the week. People value bitcoin in fiat or cashing bitcoin to fiat is like a insult to bitcoin itself. If USD collapses and there's hyperinflation like a can of coke costing $50000 then how do we value bitcoin properly? |
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kryptqnick
Legendary
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Activity: 3276
Merit: 1402
Join the world-leading crypto sportsbook NOW!
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November 10, 2017, 08:48:46 PM |
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I think there are no strict relations between alts and bitcoin, even like the ones offered by the op. Sometimes bitcoin is growing and altcoins are going up with it. Sometimes bitcoin is stable and alts are up. Surely in some cases btc is up and alts are down. I guess what's more important is the dominance factor. When bitcoin is about 60% dominant altcoins are generally down. It btc will fix around some lower price enabling altcoin market dominance, some alts might recover and bring bad the good old days of green coinmarketcap.
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very_452001 (OP)
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November 10, 2017, 10:33:16 PM |
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I think there are no strict relations between alts and bitcoin, even like the ones offered by the op. Sometimes bitcoin is growing and altcoins are going up with it. Sometimes bitcoin is stable and alts are up. Surely in some cases btc is up and alts are down. I guess what's more important is the dominance factor. When bitcoin is about 60% dominant altcoins are generally down. It btc will fix around some lower price enabling altcoin market dominance, some alts might recover and bring bad the good old days of green coinmarketcap.
Good old days of green from march next year? |
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Sephire
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November 10, 2017, 11:04:07 PM |
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I do not think there is a 100% clear-cut relation between bitcoin and alts. In summer, both were going up
together but after that most alts entered into a correction or sideways range while bitcoin kept moving on up.
Current minor selloff is probably going in the weekend profit taking by whales after the big rise of last few days.
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BCEmporium
Legendary
Offline
Activity: 1218
Merit: 1000
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November 10, 2017, 11:07:09 PM |
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When bitcoin goes up, Alts go down.
When bitcoin goes down, Alts go down.
When Bitcoin price is stable flat line then Alts prices go in the green.
All above happens regardless of any Alt and regardless how good the road map is for that Alt.
So in summary just ignore this Alt speculation sub forum till bitcoin price stabilisation?
Or which altcoins are independant from bitcoin and the above statements?
This is probably not going to be true forever. Once the first serious companies start popping up on the blockchain they will, at least to some extent, become independent of the Bitcoin price. Things will also look very different if Bitcoin breaks the trillion dollar market cap, since volatility should start decreasing significantly by that point in time. |
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very_452001 (OP)
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November 12, 2017, 11:24:41 PM |
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What im saying is happening now.
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very_452001 (OP)
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November 13, 2017, 12:13:22 AM |
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What price and when you guys think bitcoin will stabilise at from the current dipping?
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Sephire
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November 13, 2017, 04:54:18 AM |
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I think Bitcoin has already bottomed today. So long as it stays above $6000, bottom should
be in. Alts are rallying again too.
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mummybtc
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November 13, 2017, 05:57:06 AM |
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I do not think there is a 100% clear-cut relation between bitcoin and alts. In summer, both were going up
together but after that most alts entered into a correction or sideways range while bitcoin kept moving on up.
Current minor selloff is probably going in the weekend profit taking by whales after the big rise of last few days.
Off corse there is no 100% negative correlation between Bitcoin and Altcoin there is a negative correlations between the two. I still feel there will be another push to pump the price of Bitcoin to $10k before January 2018, and that is when I will takwe advantage of the Altcoin dump because their will certainly be FOMO when that happens |
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Idrisu
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November 13, 2017, 07:25:46 AM |
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This is a prove that bitcoin can survive without altcoins but altcoins cannot survive without bitcoin. The stability of price of bitcoin is what other coins need to grow and bitcoin is currently getting pump and dumped because of prices manipulations by the whales and big investors. Yesterday's the whales start to pump bitcoin cash and dumped the core but today the opposite is now the case.
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