Bitcoin is draining the altcoins

[ujjwalsethi]

Actually both bitcoins and altcoins are different concepts as Bitcoins increases at very fast rate whereas altcoins and not so fast in increasing its value but it goes on increase at very slow rate in case of altcoins but the increase is definate.

[glowing10]

We might be actually n a bubble and will realize it after it pops. Most of the alts, lets say about 85% will not even exist after 1 year, only alts with stron fa would continue to exist and their value might also go down a lot as they might be overvalued right now.

As the btc price is rising daily the altcoin price is also increasing high. And to be honest only the coins that will have an requirement in next couple of years will survive the phase rest will wash out in coming time as due to too many coins being in the market. Also if the btc price falls nearly altcoin would correct by 30 - 40% quickly and can be bought at discount at those times.

[fayrouz]

Price of altcoins is dropping, nearly 85% of altcoins suffer from the recent bitcoin boom because most people exchange their coins for bitcoins.
What is your thought on this matter?  

Bitcoin is working with all the coins that actually have a working system implemented into it. If they keep strong then the price will get back to normal.

You're right.! Don't worry guys everything will back to normal.

[Eclipse2021]

Right now , you're right , bitcoin is draining alts from value but this is something normal  , nothing unusual. Also , I heard that an alt train will leave soon the staion , whohooo.

[tomhutchinson]

yes, in future bitcoin and top altcoins will destroy others altcoins  .

 if your altcoin crash start sell it now

[Oakey22]

I hope that when BTC correction will happen every altcoin should raise due to the hedging of investors money. Don't you think so?

I highly doubt that, we will see a crash across the board. BTC goes down big time, Alts go down big time. The only reason for this is that people will cash to tether and buy the massive dip of BTC

[popolite11]

Price of altcoins is dropping, nearly 85% of altcoins suffer from the recent bitcoin boom because most people exchange their coins for bitcoins.
What is your thought on this matter?  

Here people will say that almost all altcoins are independent crypto. In reality these coins depend much on Bitcoin price. Bitcoin always affects on the cost of alts, but it is absolutely impossible to foresee exactly how BTC does it.

[tiggytomb]

Altcoins will bounce back as they always do, we should look on these times as a great opportunity to pick up cheap altcoins ready for when they start upward.

[BogdanGFTP]

Altcoins will raise before Christmas!

[totnaksquad]

The only way to pump the altcoins is the BTC to stablize its price value,if it goes up or down the alts bleed.

[abcd7]

no worries about good alt dont sell hold and you will see the raise soon

[Zentor]

Only strongest altcoins can survive when bitcoin goes up. It will end only when capitalisation of all cryptocurrencies grow much more

[nitrousteam]

That statement is true at this moment! Altcoins are falling in the value and the market cap of all the altcoins is getting lower. Bitcoin is destroying coins that cant compete with it. People holding the altcoins are trading them for Bitcoin and that is pumping the Bitcoin price faster. Investors are turning to Bitcoin cause its popularity and security at the moment. Growth will continue for sure but for how long? Only those most patient will gain profit from the altcoins in their portfolio cause this is not the end for the altcoins only their steady phase before the growth.

[nexus2k14]

Altcoins will raise before Christmas!

Looks like there is a bit of truth in what Bogdan said. I haven't seen green in almost all ALTS for a long time now, last 2-3 days is getting way better. Bitcoin is on rising but all ALTs follow this trend too, looks like it will be good Christmas time for accumulating more ICO Tokens is there will be a price correction.

[jhonjhon]

Price of altcoins is dropping, nearly 85% of altcoins suffer from the recent bitcoin boom because most people exchange their coins for bitcoins.
What is your thought on this matter?  

Bitcoin surge in in past days really affect all altcoins price, but I believe it won't get to long for their recovery. Is just a matter of waiting and sacrifice from being down in a moment. I know some altcoins have potentiality for a long term investment and I should keep those coins rather than selling and shifting into bitcoin.

[cepot9]

indeed right explosion price bitcoin now make altcoin experience decrease until 50% even 85% but try you check exchange price altcoin to usd they ride, don't only look price alt in bitcoin only but see also usd. maybe this it's time altcoin down again in usd

[Shrinath]

One of the main reasons for all the altcoins losing value now is that Bitcoin Cash is “Growing”. So everyone is selling the altcoins and buying in Bitcoin Cash. Hence, the statement is true for the moment! Altcoins are falling in the value and the market cap of all the altcoins is getting lower. Bitcoin is destroying coins that are not able to compete with it. People holding the altcoins are trading them for Bitcoin and that is pumping the Bitcoin price faster. Investors are turning to Bitcoin cause its popularity and security at the moment. Only those most patient will gain profit from the altcoins in their portfolio cause this is not the end for the altcoins only their steady phase before the growth. When something goes up it must come back down. So, when Bitcoin Cash will reach its peak and start falling we will see the altcoins gaining value.