Bitcoin Forum
November 19, 2018, 06:09:21 AM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: If Bitcoin Pops and Altcoins Spike, Then BTC Has More Legitimacy  (Read 178 times)
thethrowupcat
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
November 11, 2017, 07:25:42 PM
 #1

Just a thought I had:

If, and it is right now, the Bitcoin bubble pops and corrects then we should expect one of two things.

1. All the money comes out of BTC AND the altcoin markets
2. All the money moves from BTC to altcoins

Earlier yesterday I noticed that while BTC was falling so did ETH and LTC.

This scared me, because that would mean that all the money is coming out of BTC and therefore people were intentionally pumping BTC for the profits (which is very likely).

However, what we are seeing now is that the altcoins market is absorbing the shock of the BTC crashes. This means that the money is not moving out of crypto any time soon.

What it seems is that people are hedging Bitcoin now, and not just Bitcoin to USD. This dynamic gives BTC a much longer outlook on price increases.


Thoughts?
1542607761
Hero Member
*
Offline Offline

Posts: 1542607761

View Profile Personal Message (Offline)

Ignore
1542607761
Reply with quote  #2

1542607761
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542607761
Hero Member
*
Offline Offline

Posts: 1542607761

View Profile Personal Message (Offline)

Ignore
1542607761
Reply with quote  #2

1542607761
Report to moderator
1542607761
Hero Member
*
Offline Offline

Posts: 1542607761

View Profile Personal Message (Offline)

Ignore
1542607761
Reply with quote  #2

1542607761
Report to moderator
TwSeventh
Full Member
***
Offline Offline

Activity: 446
Merit: 104



View Profile
November 11, 2017, 08:01:58 PM
 #2

of course people pumping it for the profits,
no matter what is it,their goal should and must be profit.
it's not about Bitcoin decline and then Altcoin fly,it's not that easy.
if Bitcoin and altcoin move like that,everybody will understand this and who will be the pumper ?
the pumper themself making their own pattern,
so it's not surprising to see this kind of move,it's exactly same like they did with it two years ago if i remember it correctly,
take it easy and keep holding it

JesusCryptos
Full Member
***
Offline Offline

Activity: 504
Merit: 109



View Profile
November 11, 2017, 08:36:41 PM
 #3

I am afraid the first option would be more likely, even though I hope for the second one. The last bear market in 2014-2015 it was like that.

⚪ Byteball          I T   J U S T   W O R K S .   
Sending Crypto to Email   -   Risk-Free Conditional Smart Payments   -   ICO Platform with KYC
ANN THREAD                  TELEGRAM                     TWITTER                  MEDIUM                  SLACK                  REDDIT
thethrowupcat
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
November 12, 2017, 01:12:37 AM
 #4

it's not about Bitcoin decline and then Altcoin fly,it's not that easy.
if Bitcoin and altcoin move like that,everybody will understand this and who will be the pumper ?

I think of gold and stock market exchanges. When stocks are down, commodities are typically gaining to protect on the loss of the market itself.

This additional later of altcoins gives people the opportunity to gather Bitcoin opposed to USD.
pikatju
Full Member
***
Offline Offline

Activity: 336
Merit: 100


https://wallet.merit.me/?invite=Pikachu


View Profile
November 12, 2017, 02:26:36 AM
 #5

Many investors don't know about altcoins. They simply only look at btc and usd. When they get scared they pull their money back to fiat.

Also many people might sell alts to buy cheap btc...

maydna
Hero Member
*****
Offline Offline

Activity: 1036
Merit: 500



View Profile
November 12, 2017, 02:36:05 AM
 #6

Many investors don't know about altcoins. They simply only look at btc and usd. When they get scared they pull their money back to fiat.

Also many people might sell alts to buy cheap btc...

yes and i think they will stick to bitcoin, ethereum, and litecoin and come back into usd. i think bitcoin will find the right way to come back increase like before but we need to waiting this drama will ended soon. i think market now is really unpredictable and we are difficult to see where the trend wants to go because we have seen that bitcoin cash is suddenly gets increase too higher and now its still keep moving up although there is a correction price.

ufalo3
Full Member
***
Offline Offline

Activity: 420
Merit: 100



View Profile
November 13, 2017, 12:59:56 PM
 #7

Really something unexpected happened on November 11-12th. I do not believe just a high jump happened only through the events on South Korean Bithumb. Probably altcoin mining that increased and the greatest decrease of BTC mining also played their role.
The new changes on the market will happen for sure.

siddartha1492
Sr. Member
****
Offline Offline

Activity: 602
Merit: 277


In love with Bitcoin!! 💓💕


View Profile WWW
November 13, 2017, 01:10:51 PM
 #8

Don't you think value of alts and BTC is falling because people are investing in BCH instead, because of it's very surprising and sudden boom? Of course this is all temporary and we can expect the altcoin market to rise again.

                    ░███▄
                   ░██████
                    ▀████▀
    
    ░▄███▒          ▒███▄▒
    ░█████▒         █████▒
    ░█████▒         █████▒
    ░█████▒         █████▒
    ░█████▒         █████▒
    ░█████▒  ▄██▄   █████▒
    ░█████▒ ██████ ░█████▒
    ░█████▒  ████▀ ░█████▒
     ▒██████▄    ▄██████▒▒
      ░████████████████▒▒
        ░███████████▒▒▒
            ░▀▀▀▀▀▀
KuBitX████████
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██████
██  ██████
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
████████
talkbitcoin
Legendary
*
Offline Offline

Activity: 1162
Merit: 1011


View Profile
November 13, 2017, 01:42:05 PM
 #9

there are so many things wrong with things you said.

first bitcoin never was in a bubble for it to pop. if it were then this recent attack would have caused the price to drop to $3000 (>50%) not down to $5500 and currently at $6700 (~10%).

second, we all know that when bitcoin drops, altcoins drop with it some even harder. of course there are always exceptions like the altcoins which are in their bottom or got dumped recently or those that are getting pumped. but the general movement is what i said.

...all the money is coming out of BTC and therefore people w...

this is the heart of your problem.
the money is never leaving bitcoin. specially when bitcoin is dropping or rising.
when it is rising, everyone pulls their altcoin buy orders, sells their altcoins,... to get bitcoin and to sell BTC when the top is reached. to buy back the correction and make a lot of profit.
when it is dropping everyone pulls their altcoin buy orders, sells their altcoins to have money so that they can buy bitcoin at the bottom and make a lot of profit.

in both cases everyone wants the profit that bitcoin offers so altcoins are left and they crash.

the only time when altcoins are shining is when they are getting pumped or bitcoin is stable so nobody can make a proper profit from it so they go to altcoins.














 

 

█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
BitBlender 

 













 















 












 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!