Almost all of my Altcoins gained *against BTC* today

[JuniAiko]

Almost all Altcoins gained *against BTC* today --- especially QTUM (one of Singapore based crypto project), LISK, and BCH (which I had sold off 50% and exchanged for Omisego (OMG).
Perhaps, the start of investors diversification of their coins, after the initial buy-in via "BTC" from Fiat, before/during the early recovery?

And perhaps it is indeed a good choice to go for (selected - base on careful/thorough research) altcoins when buying-in during a crash? -- I.e. lower MCAP coins saw greater %loss would likely see similarly high %gains when the market rebounds? — provided that the project behind it is sound, that is. Finger crossed that this trend will continue.

[1715264364]

1715264364

[1715264364]

1715264364

[1715264364]

1715264364

[BitcoinHodler]

Perhaps, the start of investors diversification of their coins, after the initial buy-in via "BTC" from Fiat, before/during the early recovery?

no nothing has changed. it is still the same as before. after a huge dump altcoins had a simple small recovery. for example an altcoin which went down from 0.020BTC to 0.009BTC is now recovering up to 0.011BTC. don't read too much into this.

And perhaps it is indeed a good choice to go for (selected - base on careful/thorough research) altcoins when buying-in during a crash? -- I.e. lower MCAP coins saw greater %loss would likely see similarly high %gains when the market rebounds? — provided that the project behind it is sound, that is. Finger crossed that this trend will continue.

smaller altcoins which usually happen to have a smaller market cap too, are so much easier to pump because their market is a lot smaller. a small buy can shoot their prices up a lot, which makes them better investment in a lot of cases due to their better pumpability.

[JuniAiko]

Update: And now also XRP got pumped.

I own ETH, XRP, BCH, ADA, LTC, NEO, XLM, EOS, XMR, LSK, TRX, QTUM, VEN, OMG, ARK, and DGB + just bought the only ICO I have ever bought, XDCE.

For altcoins, I only go for those that have MCAP that is above 20Mil USD + careful study of their history (before the crash) and research on what the teams behind it is doing, etc.


Note: I'm referring to %gain here + the delay between ppl buying back BTC after the crash have stabilized and during the recovery. I speculated that there will be a time delay before those people start to do more research and diversify a portion of their BTC into Altcoins, etc. hence I decided to get into my selected AltCoins early and wait for the %gain if I turn out right.

More impressive pumps to come?

[JuniAiko]

Yes those coins may still have a long way to go before recovering to their original level vs Fiat, compared to BTC, however, I've converted to altcoin while the AltCoins still have not recovered yet after having bought into BTC earlier at 6.1kUSD. And only now then those AltCoins seems to start gaining.

Most of the altcoins gains against BTC were little, however I have a few that gained as much as 20% vs BTC atm from when I've traded in. The value of those coins before the crash isn't relevant in this case, and I don't need those coins to grow till the same MCAP as BTC to make gain in a profit (in terms of the amount of BTC that I would have if I convert all of them back into BTC now).

Thus I have gained extra BTC (equivalent) which I wouldn't have if I kept them all as BTC.

[TheySeeMeHodlingTheyHatin]

People only own shitcoins to change them for bitcoin later

one day you might wakeup and all shitcoins went down and bitcoin went up

[aardvark15]

Almost all Altcoins gained *against BTC* today --- especially QTUM (one of Singapore based crypto project), LISK, and BCH (which I had sold off 50% and exchanged for Omisego (OMG).
Perhaps, the start of investors diversification of their coins, after the initial buy-in via "BTC" from Fiat, before/during the early recovery?

And perhaps it is indeed a good choice to go for (selected - base on careful/thorough research) altcoins when buying-in during a crash? -- I.e. lower MCAP coins saw greater %loss would likely see similarly high %gains when the market rebounds? — provided that the project behind it is sound, that is. Finger crossed that this trend will continue.

Bitcoin’s share of the market cap seems to be gradually dropping but I don’t think people are necessarily pulling money out of Bitcoin but there is a lot more money coming into the cryptocurrency economy right now. I’m more diversified than I have been in the past.

Another thing that is happening is that Bitcoin seems to have less potential than it used to as a payment method with so many new altcoins that are faster and have lower fees.

[JuniAiko]

Almost all Altcoins gained *against BTC* today --- especially QTUM (one of Singapore based crypto project), LISK, and BCH (which I had sold off 50% and exchanged for Omisego (OMG).
Perhaps, the start of investors diversification of their coins, after the initial buy-in via "BTC" from Fiat, before/during the early recovery?

And perhaps it is indeed a good choice to go for (selected - base on careful/thorough research) altcoins when buying-in during a crash? -- I.e. lower MCAP coins saw greater %loss would likely see similarly high %gains when the market rebounds? — provided that the project behind it is sound, that is. Finger crossed that this trend will continue.

Bitcoin’s share of the market cap seems to be gradually dropping but I don’t think people are necessarily pulling money out of Bitcoin but there is a lot more money coming into the cryptocurrency economy right now. I’m more diversified than I have been in the past.

Another thing that is happening is that Bitcoin seems to have less potential than it used to as a payment method with so many new altcoins that are faster and have lower fees.

As long as BTC remains the main crypto that is widely paired with Fiat, its health will most certainly dictate the health of all the other cryptos. Hence BTC is king atm.
And I agree, I doubt ppl are pulling their investment out of BTC but rather, people who have bought in to BTC with fiat are now moving to diversify as they would sooner or later.
What I was saying above was that there is a delay between this diversification movement of funds, and the buying of BTC during the crash, and altcoin investers should take advantage of this now (or perhaps earlier as possible since they have already started to rise and recover).

[JuniAiko]

People only own shitcoins to change them for bitcoin later

one day you might wakeup and all shitcoins went down and bitcoin went up

It is silly of you to assume that I own shitcoins. Not every altcoin is a shitcoin, and further, I am not talking about the majority of coins that I invest to HODL, but here I am obviously referring to a portion of my portfolio that I am day trading if you have understood what I was explaining. I can convert everything back to ETH anytime.

Also this supports what I am saying.

Cryptocurrencies Trade Mostly Higher, Though Bitcoin Lags
https://www.investing.com/news/cryptocurrency-news/cryptocurrencies-trade-mostly-higher-though-bitcoin-lags-1222165

[JuniAiko]

My lowest MCAP coins are Nuls, Gulden, and Blackcoin. XD haha But I only put in like $100 each in them.

And I have very high hopes for OMG and Stellar, and the Singapore-based ICO that I've just bought XinFin (similar to OMG), to go past the moon, and missing Mars too, and heads towards the Asteroid belt! XD

[stripykitteh]

My lowest MCAP coins are Nuls, Gulden, and Blackcoin. XD haha But I only put in like $100 each in them.

And I have very high hopes for OMG and Stellar, and the Singapore-based ICO that I've just bought XinFin (similar to OMG), to go past the moon, and missing Mars too, and heads towards the Asteroid belt! XD

It would be pretty cool if you made money on those coins. Personally, I wouldn't invest in that because there's a lot of coins that are better.

[JuniAiko]

My lowest MCAP coins are Nuls, Gulden, and Blackcoin. XD haha But I only put in like $100 each in them.

And I have very high hopes for OMG and Stellar, and the Singapore-based ICO that I've just bought XinFin (similar to OMG), to go past the moon, and missing Mars too, and heads towards the Asteroid belt! XD

It would be pretty cool if you made money on those coins. Personally, I wouldn't invest in that because there's a lot of coins that are better.

I know you are right. Those are high-risk bets, but I've done my research to minimize the risks though, and those are only like less than 1% of my portfolio.

[kryptqnick]

Perhaps, the start of investors diversification of their coins, after the initial buy-in via "BTC" from Fiat, before/during the early recovery?

no nothing has changed. it is still the same as before. after a huge dump altcoins had a simple small recovery. for example an altcoin which went down from 0.020BTC to 0.009BTC is now recovering up to 0.011BTC. don't read too much into this.

I agree, altcoins might be doing slightly better than bitcoin, but they are not really having good times. Litecoin, ripple, iota, tron.. they all are still hugely down. I am surprised the op it talking about gaining profit right now.

I own ETH, XRP, BCH, ADA, LTC, NEO, XLM, EOS, XMR, LSK, TRX, QTUM, VEN, OMG, ARK, and DGB + just bought the only ICO I have ever bought, XDCE.
Note: I'm referring to %gain here + the delay between ppl buying back BTC after the crash have stabilized and during the recovery. I speculated that there will be a time delay before those people start to do more research and diversify a portion of their BTC into Altcoins, etc. hence I decided to get into my selected AltCoins early and wait for the %gain if I turn out right.

Eth, bch, neo and qtum are still in the process of recovering. If you are saying you gained more on them than on bitcoin - well, congrats, I guess that's a good thing, but your main point doesn't seem understandable to me.
And you are talking about low marketcap coins that could give high profits, whereas your main coins are definitely not among low marketcap ones.

[kazakova]

Update: And now also XRP got pumped.

I own ETH, XRP, BCH, ADA, LTC, NEO, XLM, EOS, XMR, LSK, TRX, QTUM, VEN, OMG, ARK, and DGB + just bought the only ICO I have ever bought, XDCE.

For altcoins, I only go for those that have MCAP that is above 20Mil USD + careful study of their history (before the crash) and research on what the teams behind it is doing, etc.


Note: I'm referring to %gain here + the delay between ppl buying back BTC after the crash have stabilized and during the recovery. I speculated that there will be a time delay before those people start to do more research and diversify a portion of their BTC into Altcoins, etc. hence I decided to get into my selected AltCoins early and wait for the %gain if I turn out right.

More impressive pumps to come?

Isn't it a headache managing so many coins. Do you do this full time ?

[JuniAiko]

Perhaps, the start of investors diversification of their coins, after the initial buy-in via "BTC" from Fiat, before/during the early recovery?

no nothing has changed. it is still the same as before. after a huge dump altcoins had a simple small recovery. for example an altcoin which went down from 0.020BTC to 0.009BTC is now recovering up to 0.011BTC. don't read too much into this.

I agree, altcoins might be doing slightly better than bitcoin, but they are not really having good times. Litecoin, ripple, iota, tron.. they all are still hugely down. I am surprised the op it talking about gaining profit right now.

I own ETH, XRP, BCH, ADA, LTC, NEO, XLM, EOS, XMR, LSK, TRX, QTUM, VEN, OMG, ARK, and DGB + just bought the only ICO I have ever bought, XDCE.
Note: I'm referring to %gain here + the delay between ppl buying back BTC after the crash have stabilized and during the recovery. I speculated that there will be a time delay before those people start to do more research and diversify a portion of their BTC into Altcoins, etc. hence I decided to get into my selected AltCoins early and wait for the %gain if I turn out right.

Eth, bch, neo and qtum are still in the process of recovering. If you are saying you gained more on them than on bitcoin - well, congrats, I guess that's a good thing, but your main point doesn't seem understandable to me.
And you are talking about low marketcap coins that could give high profits, whereas your main coins are definitely not among low marketcap ones.

Once again, I am obviously not talking about the recovery of altcoins till before the level they have dropped. That isn't relevant here at all.

My point was that since entering the market when it was it its lowest (I bought in at 6.1k USD) with my original funds that I had extracted at between 17-16k during the crash, the %gain made from my selected AltCoins on average are generally higher (note: vs. BTC, not vs. Fiat -- i.e. I have gained more BTC than I would have if I left them all as BTC). I can convert them back into BTC or ETH at anytime too.

[JuniAiko]

Quoting myself from earlier:

"What I was saying above was that there is a delay between this diversification movement of funds, and the buying of BTC during the crash, and altcoin investors should take advantage of this now (or perhaps earlier as possible since they have already started to rise and recover)." -- of course perhaps this isn't valid anymore by now for most already (save for a few that have not been significantly pumped yet, but there are things going for them that I believe have a high probability for them to be pumped soon too); seeing how things have already progressed and alt coins have already gained wrt BTC's initial value during the BTC-pump as ppl re-enters the market.

Also, even if it might seem like a lot, my portfolio actually only focused on a small number of selected coins (ETH, XRP, ADA, BCH, LTC, XLM, NEO, XMR, LSK, OMG, QTUM, VeChain, and TRON); and I only put a rather small amount of 300-100 USD (or $500 max) for other lower MCAP coins for day-trading. I don't think that is too much for me to manage atm between short breaks. I have programmed my portfolio to alert me of the changes, etc. and set targets of buy/sell after work, etc.

[alyssa85]

Once again, I am obviously not talking about the recovery of altcoins till before the level they have dropped. That isn't relevant here at all.

My point was that since entering the market when it was it its lowest (I bought in at 6.1k USD) with my original funds that I had extracted at between 17-16k during the crash, the %gain made from my selected AltCoins on average are generally higher (note: vs. BTC, not vs. Fiat -- i.e. I have gained more BTC than I would have if I left them all as BTC). I can convert them back into BTC or ETH at anytime too.

It's because alts have a smaller market cap. It's easier to move the price when the sell orders are just a few thousand dollars, a whale could eat that quickly. Whereas if the sell orders are several hundred million dollars, you need much more firepower (or co-ordinated buying) to move the price upwards.

When bitcoin was in it's early days, it swung by big percentages too, because it was easy for some whale to do a pump.

[RawDog]

Almost all Altcoins gained *against BTC* today --- especially

Get used to it.  This will be happening for most of the year.  Bitcoin is not very strong since Blockstream took it in a bad direction with stupid scaling plans.  Alts will soon rule the space.  This is good for everyone.  

If you truly love Bitcoin, then just go back to Bitcoin Cash which works just like the original Satoshi version did in 2009.

Do you do this full time ?

Of course he does it full time.  Who could afford to waste all day working for some boss who is a total dick and making 1/10th as much as you can make in crypto trading.  That just doesn't make sense.

[Kprawn]

Most of those gains will flow back to BTC at some stage or Ethereum. Until there is some off-ramp from Fiat to these Alt coins,

most of these coins will go Fiat-BTC or ETH --> Alt coin. {and visa versa} So somewhere along the line BTC benefit from these

actions. This is also why, when BTC drop ....most of these Alt coins drop too. You are simply spreading your losses & gains over

a bread basket of Alt coins. 

[JuniAiko]

Most of those gains will flow back to BTC at some stage or Ethereum. Until there is some off-ramp from Fiat to these Alt coins,

most of these coins will go Fiat-BTC or ETH --> Alt coin. {and visa versa} So somewhere along the line BTC benefit from these

actions. This is also why, when BTC drop ....most of these Alt coins drop too. You are simply spreading your losses & gains over

a bread basket of Alt coins.  

That isn't the point here. The point here is to increase/multiply the number of (effective) BTC/ETH owned regardless of the present price that BTC/ETH is currently priced. Somehow many people seem to not understand this point that I am trying to make here.

[Carmen01]

If you do investing here i think we need also to buy some btc because even we can earn in many altcoins still we can earn by btc another thing i think the most profitable here in crypto is btc base on the price that can go high then go low with just only a few weeks and it's good as a mode of payments not like others digital currencies here,I think don't compare btc to altcoins and think what they good at.