Big Daddy Bitcoin is Back & Your Alts Might be Hurting Because of It

[sunlitit654]

Bitcoin is back up $17,000 and with that nice move, the air has been sucked out of some of the hottest altcoins of the past month like XRP, XLM, ADA and more. Is now the time to lock in profits, buy the dip or something else? Let's talk about the day's action and what we might see in the future.

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[Queen12]

Bitcoin is back up $17,000 and with that nice move, the air has been sucked out of some of the hottest altcoins of the past month like XRP, XLM, ADA and more. Is now the time to lock in profits, buy the dip or something else? Let's talk about the day's action and what we might see in the future.

When bitcoin goes up, all of the altcoin will fall, which I don't want to see, because altcoin has gone up far more than BTC.

[UZIzzzz]

Bitcoin is back up $17,000 and with that nice move, the air has been sucked out of some of the hottest altcoins of the past month like XRP, XLM, ADA and more. Is now the time to lock in profits, buy the dip or something else? Let's talk about the day's action and what we might see in the future.

When bitcoin goes up, all of the altcoin will fall, which I don't want to see, because altcoin has gone up far more than BTC.

Yes, I don't want to see that. I hope that altcoin will continue to rise, so that it can get more profit.hhhhhh

[Nightwatchman]

Underestimate Bitcoin at your peril.

It remains the logical gateway into cryptocurrency due to its long-term efficacy and the ease with which it can be purchased.

Altcoins (most, anyway) swing up and down on tidbits of news, making them a risky proposition for all but a handful of crypto nerds.

When all is said and done, Bitcoin is the crypto colossus and will be for the foreseeable future.

[dothebeats]

I bailed out of XRP when it reached $3.50 a piece and know that it woulfn't hold out for long since the pump is too obvious. Good thing when bitcoin hit $13k-$14k, I have my fiat ready at hand and bought a few. With the number of investors and traders of bitcoin growing, 2018 would still be bitcoin's year with alts on the side. Bitcoin will remain the top crypto since you can't get alts without it and not much exchange supports fiat deposits to directly trade with alts. 2018 will still be a fruitful year.

[tokeweed]

And just like that, everybody loves BTC again.  It's funny how fickle the crowd is.  And annoying at the same time.

[timerland]

Bitcoin is back up $17,000 and with that nice move, the air has been sucked out of some of the hottest altcoins of the past month like XRP, XLM, ADA and more. Is now the time to lock in profits, buy the dip or something else? Let's talk about the day's action and what we might see in the future.

I don't even know why alts are even such a thing. Of course, there are many positives to it, but essentially they are just copies of the cryptocurrency idea.

Bitcoin will always be the king, so it is no surprise if the value goes up a lot and all the alts drop along with it. Its healthy IMO. The higher BTC is, the more dominant it becomes and the better it is for all of us.

XRP is going crazy now, however I can see a crash coming sooner or later to it.

[arpon11]

Bitcoin is back up $17,000 and with that nice move, the air has been sucked out of some of the hottest altcoins of the past month like XRP, XLM, ADA and more. Is now the time to lock in profits, buy the dip or something else? Let's talk about the day's action and what we might see in the future.

I have seeing other altcoins taking bearish position at the moment and bitcoin is going up. The bullish momentum has resume and I think bitcoin is going to go as high as $60,000 before first quarter of this year. I do believe that many popular alternative coins are going to take bearish position for a very long time and we may another opportunity to buy them at cheap prices.

[talkbitcoin]

i think this bitcoin rise is mostly the "money" coming back to bitcoin after the main altcoin pumps were done. it is not exactly bitcoin coming back. it is however the start of bitcoin's come back. it will initiate the next rally now and will be followed by a big break out and a new ATH soon.
feeling pretty bullish right now...

[txtravwill]

i think this bitcoin rise is mostly the "money" coming back to bitcoin after the main altcoin pumps were done. it is not exactly bitcoin coming back. it is however the start of bitcoin's come back. it will initiate the next rally now and will be followed by a big break out and a new ATH soon.
feeling pretty bullish right now...

Feeling bullish and agree that this occurs, but BTC is bleeding out slowly again right now.  Can see XRP recovering some, pumping, etc.  Altcoins are recovering again, and will hit waves of up and down.  Each sharp downturn will net gains inn BTC though again so probably temporary, through the weekend is likely though I'd say.  I think the next big pumps for Bitcion will be if some institutional money does  finally start to invest - i.e. some ETFs, more futures somewhat, etc.  That may be 3+ months off at least though.

Stupid ripple :-/

[jjacob]

Bitcoin is back up $17,000 and with that nice move, the air has been sucked out of some of the hottest altcoins of the past month like XRP, XLM, ADA and more. Is now the time to lock in profits, buy the dip or something else? Let's talk about the day's action and what we might see in the future.

I would hardly say that Bitcoin is back, just because it moved up by 10%. We are still someway behind the previous All Time High of $20k and we have to cross that before we conclude anything. Ripple was trading at 20c a month back and now it is still trading above 3$. Ripple supporters (that weird group) will laugh at you if you tell them that the air has been sucked out of Ripple.

[BrewMaster]

the $17000 resistance was broken and that showed that bitcoin still has lots of demand that is buying it regardless of what is going on in the media and social media FUDs.
but it didn't hold, although the drop was not big (it is still $16.5k), and at the same time the altcoin pumps are still young and ongoing which is attracting a lot of money. i say  bitcoin is back soon and when it breaks the $17.5k and goes to test the ATH this time.

[player514]

I bailed out of XRP when it reached $3.50 a piece and know that it woulfn't hold out for long since the pump is too obvious. Good thing when bitcoin hit $13k-$14k, I have my fiat ready at hand and bought a few. With the number of investors and traders of bitcoin growing, 2018 would still be bitcoin's year with alts on the side. Bitcoin will remain the top crypto since you can't get alts without it and not much exchange supports fiat deposits to directly trade with alts. 2018 will still be a fruitful year.

That's a really good call on your part. XRP is not going to go far in my opinion due to it's centralized nature. I like the way you look at the importance of bitcoin as a vehicle to purchase more altcoin. I've never really looked at it that way.

Bitcoin is back up $17,000 and with that nice move, the air has been sucked out of some of the hottest altcoins of the past month like XRP, XLM, ADA and more. Is now the time to lock in profits, buy the dip or something else? Let's talk about the day's action and what we might see in the future.

In terms of the future, I think it's guaranteed that we'll see some kind of drop or correction at the 20k resistance point. I don't think anyone really knows or can predict how bad it'll be, but I don't think it'll be as rough as what we saw end of last year. Now's a good time to buy, or if you're willing to take your chances, you can wait until we get to the resistance point and buy that drop that's likely to occur.

[Baofeng]

Bitcoin is back up $17,000 and with that nice move, the air has been sucked out of some of the hottest altcoins of the past month like XRP, XLM, ADA and more. Is now the time to lock in profits, buy the dip or something else? Let's talk about the day's action and what we might see in the future.

Oh yeah, bitcoin is back but I don't think that altcoins will bleed heavily. What we are witnessing is somewhat new. Both bitcoin and altcoins can grow together. Which made me to conclude that there are more investors again flocking to the market after they all rested during the holidays. Japan and South Korea leading the new again. If altcoins are going to bleed in the next coming days, it will be slow and not a huge dump as everyone is expecting.

[ihsanskanzaone]

You can pay attention on the exchange site if bitcoin prices go up, usually the altcoin price goes down and vice versa if bitcoin price goes down then altcoin rises, it's like a pattern to predict whether the coins will go up or down. Although the prediction is not 100% correct but it is more than enough to be a benchmark to know about the increase of bitcoin and altcoin.

[kolesozw]

Bitcoin is back up $17,000 and with that nice move, the air has been sucked out of some of the hottest altcoins of the past month like XRP, XLM, ADA and more. Is now the time to lock in profits, buy the dip or something else? Let's talk about the day's action and what we might see in the future.

Alts are currently not sucked, because the market cap is increasing and even passed 800B for first time. And I think alts will continue to dominate the whole year. TBH I don't like this way too fast growth of the all coins. It's speculative and giving more food to haters and regulators.

[jseverson]

And just like that, everybody loves BTC again.  It's funny how fickle the crowd is.  And annoying at the same time.

You can't really expect loyalty out of the majority. I mean, sure, each coin has its own appeal, with its own niche, but we're kidding ourselves if we don't admit that most people are in them for the money. Their features are useful for sure, and I'm sure people actually use them, but I would hazard a guess that they're being used for price speculation more than for actual utility.

The people go where the money is, and Bitcoin seems to be today's hot item. Truly annoying yes, but such is the crypto life lol.

[hugeblack]

Bitcoin is back up $17,000 and with that nice move, the air has been sucked out of some of the hottest altcoins of the past month like XRP, XLM, ADA and more. Is now the time to lock in profits, buy the dip or something else? Let's talk about the day's action and what we might see in the future.

The time now on Hold and wait the best time for selling Bitcoin. Bitcoin back up after long red week and less than 13,000$.
bitcoin will keep gaining next 2 weeks and will up more than 20,000$ next 4 days.
New sellers must wait for next correction.

[aso118]

Bitcoin is back up $17,000 and with that nice move, the air has been sucked out of some of the hottest altcoins of the past month like XRP, XLM, ADA and more. Is now the time to lock in profits, buy the dip or something else? Let's talk about the day's action and what we might see in the future.

You are looking at the wrong metric, which is Bitcoin's price and are happy that it has rebounded. You will have to look at Bitcoin dominance, to find out how Bitcoin is doing in comparison to alts. And that has been on a downtrend from the start of December. Even in the last couple of days, while Bitcoin has risen, altcoin prices have risen even more. Bitcoin dominance is at a low of 34%.

[Denker]

Bitcoin is back up $17,000 and with that nice move, the air has been sucked out of some of the hottest altcoins of the past month like XRP, XLM, ADA and more. Is now the time to lock in profits, buy the dip or something else? Let's talk about the day's action and what we might see in the future.

You are looking at the wrong metric, which is Bitcoin's price and are happy that it has rebounded. You will have to look at Bitcoin dominance, to find out how Bitcoin is doing in comparison to alts. And that has been on a downtrend from the start of December. Even in the last couple of days, while Bitcoin has risen, altcoin prices have risen even more. Bitcoin dominance is at a low of 34%.

No this is wrong what you are saying.
Marketcap as used right now is totally misleading and useless!
Therefore Bitcoin's dominance in that regard means nothing, or other way said, alts are not strong!!
Launch a shitcoin with a 100k coins, sell 10% of those to the market for 10 bucks each and keep the other 90%!!
Still the marketcap, as used right now, will say your coins are worth 1million in total.
Then go to korean exchanges, will zero to almost zero fees and inflate the price with 2-3 accounts playing ping pong with each other even more. That's what is done with many shitcoins right now. And you should know this!