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Author Topic: Altcoins are dying !!!  (Read 1614 times)
mirakal
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December 07, 2017, 05:56:03 AM
 #21

Not new to me, seen that many times and I still believe the moment bitcoin will neutralize, we are going to witness an altcoins party.
Just be patient and don't be worried, instead time to fill our bags with different altcoins because they are selling very cheap now, it would bring easy profit if we buy now, believe me, I have been in this situation many times and only when we panic will we lose.

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December 07, 2017, 08:50:52 AM
 #22

Most of the Altcoins are seeing a 20% dump in their prices. I think the huge growth in Bitcoin has sucked the altcoin's blood.
This is a usual thing as Altcoins are expected to dump in price when Bitcoin runs bullish. Those people who invested in alts would be having a really bad day. You should wait for a negative news about Bitcoin so that it dumps and altcoins rises. The futures market opening Dec 10 may be a good opportunity for the rise of altcoins.

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December 07, 2017, 09:11:34 AM
 #23

BTC Dominance was around 53% and now BTC Dominance is over 62% of the total market cap. This is self explanatory that all the money from alt coin is going towards Bitcoin. One of the reason is listing of Bitcoin is opening for future trading on DEC 10 or DEC 11. So the clear picture will be visible after that date as if market funds remain in Bitcoin or people take out their profit from Bitcoin and invest again in alt coins.
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December 07, 2017, 09:32:15 AM
 #24

I believe that the falling market is the best time to get started with it. I am in the process of doing the research in alt-coins and I believe systematic investment plan would work best in such conditions because everyone is running behind BTC (including me) and ignoring the market potential of alt-coins. I am expecting a huge growth in the price of Bitcoin in the coming years but we should never underestimate the altcoin market in my opinion.

Altcoins are thriving! BTC leads and has ~60% of the total market cap but means there are still billions being traded daily on altcoins. A vast number of people invested in other coins and that was a good bet. The BTC/Altcoin pairing might look bad but a number of altcoins are also gaining fiat value.

The future is bright for all the serious altcoin projects, not only for BTC.

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December 07, 2017, 10:07:20 AM
 #25

How can you say altcoins are dying when see a huge increase in value. The only thing that we can see is the increase in BTC dominance at 63% mainly because bitcoin had this booming increase in value. But this only means that altcoins will follow once the rise o btc ends.
I only see more and more money in crypto market wich means that more people are interested in this opportunity. All the signs are positive for a bright future.
Also you can see that ICO market is getting more mature with more projects done by proffesionals.

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December 07, 2017, 10:14:22 AM
 #26

Expect all the more dumping in the next days on the grounds that Bitcoin is sucking a large portion of the volume in the altcoin markets and furthermore there are hardforks to be taken after so anticipate that the altcoin market will drain. I lose gigantic sum from the landfill. My exchanges coming up short. That fine with me. Anyway, altcoin are getting more less expensive. So I take it emphatically. Some altcoins are drawing a result of good updates. Like IOTA. Particle is pumping throughout recent days in light of enormous declaration. Be that as it may, it's presently heading off to a backtrack.

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December 07, 2017, 10:39:45 AM
 #27

I think It's just dead for a while I guess, I'm still sure after this would be get re pumping on some altcoins especially Ethereum. It's good in this chance, to checking or knowing more things about some altcoins which's altcoins are really right to choosed /exactly to buy and would be experiencing more greeny than others, of course this doesn't mean the altcoins investment dies too.

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December 07, 2017, 10:49:31 AM
 #28

Yeah maybe, since the moment Bitcoin's price is raising with the insane way. It made altcoin's price dump with it's growth.
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December 07, 2017, 10:59:06 AM
 #29

This is happening all the time when Bitcoin is setting a new all time high, it’s a high risk to trade any altcoin paired with Bitcoin. By this reason I started trading altcoins paired with usd(t) and patience is the key to success.

i agree with you mate bitcoin increasing almost every an hour the reason altcoin can't grow up but not totally dump, i hold my altcoin i have today because i believe someday if the bitcoin price stay in the price value in the market price i think the alts goes pumping.

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December 07, 2017, 11:21:46 AM
 #30

Remember that a sharp increase in Bitcoin like we have been seeing could also be an indication that exponentially more people are getting into Bitcoin. Since Bitcoin is the largest household name, people will buy Bitcoin first thinking it is the only cryptocurrency out there. Then, as the new users begin to discover altcoins, the market will spread out again. I think it's just a sign of larger market adoption, which is a good thing.
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December 07, 2017, 11:35:44 AM
 #31

Unless you are a savvy day trader, or make good choices in long term altcoins, from now on I feel that it will only get worse and worse for many of us holding altcoins. I have seen my portfolio shrink by 98% over the last few months but am still holding for dear life, hoping and praying some of my bags will grow as fast or faster than Bitcoin so I can get the multipliers. At the end of the day, all the day traders are cashing out in Bitcoin and Fiat and couldn't really care less about altcoins. Altcoins to them are just for making the multipliers, nothing more than that.

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December 07, 2017, 11:38:53 AM
 #32

Profit/loss in altcoins are closely tied to bitcoin. Most exchanges offer BTC trading pairs, this means you can trade Bitcoins for altcoins instead of altcoins directly for fiat or tether.  When there is a sharp rise in bitcoin, traders tend to increase their bitcoin capital by selling of their altcoins thereby causing a dip. The problem is the altcoins tend to over exaggerate these dips and take a while to even recover. That is why the market always seem very bloody.

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December 07, 2017, 01:34:41 PM
 #33

Oh dear! They are indeed dying, Bitcoin is deeply sucking the life out of them.
I think the cause of this is because investors and traders neglect altcoins and pay more attention to Bitcoin. The very minutes we start looking more into altcoins, then it will start giving us the pay off of our investment.
Also on the other hand, some altcoins are sort of growing though, its just a matter of been patient.
This result should be a good reason why one should research before choosing any coins because some of their developer stop updating or improving them after their ICOs.

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December 07, 2017, 01:36:32 PM
 #34

I guess what we can do is either hold or sell and go shift to bitcoin for now. Take a small lost today and regain that lost in the bitcoin market. However, the price is too high at least at this time. I'll have to rethink another move to at least negate this lost that I'm seeing in my portfolio.

Well, bitcoin price can't be long term. Let's just wait and see how things goes, bitcoin future contracts offering are what drives this madness on it but I sure that it will subsides and then altcoin will rise again.

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December 07, 2017, 01:38:14 PM
 #35

Probably dying but they may be better tech compared to BTC.
I hold some both coins

To the moon Smiley
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December 07, 2017, 02:10:44 PM
 #36

the altcoins are still getting pumped and dumped. I'd say they are still pretty alive and even kicking at the moment. you just forgot that there is also a second step called "dumping" to each "pump" that altcoins have. and now you are surprised by seeing it. this is a good reminder though. may we all remember it pretty good.

and do you think this is the best time to buy ? or it will dump even more   Shocked

it will dump for now but the dump also means these markets are being corrected and are getting out of their bubbles. it is a good idea to sell now and wait for a new dawn in altcoin market. get ready with as much money as you can for the next series of pumps that will follow right after the dumping days were over.

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December 07, 2017, 02:40:39 PM
 #37

Much can be done when the altcoin price goes down, you can buy it and sell it when you have a profit. But if you've bought a high price you should first hold

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December 07, 2017, 02:46:37 PM
 #38

Dollar-based (alts/usd parity) token prices do not fall but rise. Altcoins lose value against bitcoin.  Here we can talk about the cryptocurrency market hierarchy. Hold till altcoin/btc parity uptrend

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December 07, 2017, 02:50:08 PM
 #39

BTC is killin'it. Anyway, altcoins are not dying at all, there are very good altcoins out there and I'm sure the price of almost everyone of the top 100 ones will rise again before the end of this year. All the crypto-space is bulling, not only Bitcoin...

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December 07, 2017, 02:51:09 PM
 #40

It's not the first time alts dumped like that and every single time they recovered. They will do so again, you just have to be patient.

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