iillaa (OP)
Jr. Member
 Offline
Activity: 196
Merit: 5
A MAN SEEKING FOR KNOWLEDGE
|
 |
April 11, 2018, 11:15:26 PM |
|
The post 2013 period makes this question a little muddier than it should be. In 2015/16 alts were on incredible runs while Bitcoin effectively did zilch.
Because of that it's hard to say there's a definitive link. Obviously the monster Bitcoin pump last year trickled down into everything else, but from here Bitcoin may take some rest and alts may pump again.
I can't imagine traders are going to sit back and let nothing happen. The appetite for action is there and it may transfer to alts for a bit.
On top of that there's a ton of coins that are still ridiculously overvalued and absolutely worthless but I'm no longer sure whether anyone cares about that any more.
With more direct dollar pairings and plenty of people who've never touched BTC I can imagine the link getting weaker but they're both subject to the same overall sentiment.
Summary - I ain't got a clue no more.
i agree with you bro after a bit of thinking and reviewing some old chart in CMC i think btc wont just pop up from down trend to up trend so quickly we may see a side trend for a bit of time and that mean stable price of btc ..and like you said its no fun to just see btc doing nothing xd so traders and investors will search for new alt coins that may give some profit and btw yes no one have a clue tbh lot of people publish charts on trading view but most of them are just expressing what they wish to happen on the chart and using the TA tools subjectively and not objectively well better just watch and see what will happen after all i can afford to lose my asset so no harm |
|
|
|
|
|
|
|
|
|
|
|
|
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
cellard
Legendary
Offline
Activity: 1372
Merit: 1250
|
|
April 12, 2018, 06:43:56 PM |
|
This is one of my favorite pictures:  You can see how altcoins just underperform against Bitcoin long term. Very few coins are going to have a sustained gain on a long enough timeframe. If you find good gains with an alt, just sell it for Bitcoin while you can, that's the whole point of altcoins, or else you will eventually see the orange graph go above the green graph. |
|
|
|
|
weav
Sr. Member
Offline
Activity: 350
Merit: 250
- "Bitcore (BTX) - Airdrops every Monday"
|
|
April 12, 2018, 07:14:48 PM |
|
The post 2013 period makes this question a little muddier than it should be. In 2015/16 alts were on incredible runs while Bitcoin effectively did zilch.
Because of that it's hard to say there's a definitive link. Obviously the monster Bitcoin pump last year trickled down into everything else, but from here Bitcoin may take some rest and alts may pump again.
I can't imagine traders are going to sit back and let nothing happen. The appetite for action is there and it may transfer to alts for a bit.
On top of that there's a ton of coins that are still ridiculously overvalued and absolutely worthless but I'm no longer sure whether anyone cares about that any more.
With more direct dollar pairings and plenty of people who've never touched BTC I can imagine the link getting weaker but they're both subject to the same overall sentiment.
Summary - I ain't got a clue no more.
i agree with you bro after a bit of thinking and reviewing some old chart in CMC i think btc wont just pop up from down trend to up trend so quickly we may see a side trend for a bit of time and that mean stable price of btc ..and like you said its no fun to just see btc doing nothing xd so traders and investors will search for new alt coins that may give some profit and btw yes no one have a clue tbh lot of people publish charts on trading view but most of them are just expressing what they wish to happen on the chart and using the TA tools subjectively and not objectively well better just watch and see what will happen after all i can afford to lose my asset so no harm I think you are right and that it may take longer then people think before the market rises again. Just make sure you can lose what you have and you can easily wait this out. |
|
|
|
|
deepcoreotc
|
|
April 12, 2018, 07:33:59 PM |
|
Bitcoin is the king - if Bitcoin's price goes down - all altcoins go down. If it goes up - all altcoins go up as they are tied to BTC's price.
|
|
|
|
|
iillaa (OP)
Jr. Member
Offline
Activity: 196
Merit: 5
A MAN SEEKING FOR KNOWLEDGE
|
|
April 12, 2018, 08:37:40 PM |
|
This is one of my favorite pictures:
You can see how altcoins just underperform against Bitcoin long term. Very few coins are going to have a sustained gain on a long enough timeframe. If you find good gains with an alt, just sell it for Bitcoin while you can, that's the whole point of altcoins, or else you will eventually see the orange graph go above the green graph.
i saw that picture it was mentioned on a topic that talk about why most ico and token will fail and he added that pict to make comparison between btc and other alts . talking about profits , market is bullish rn and some alt goes up while other goes down and some stayed the same which is interesting .... i dont know if it is just a bulish trap before another dip market or we may really see a good market next weeks so what are your thoughts on that ?? |
|
|
|
|
Bagaji
|
|
April 13, 2018, 03:05:19 AM
Last edit: April 14, 2018, 08:54:30 PM by Bagaji |
|
There is a strong relationship between Bitcoin and other alternative crypto currency which could be discribe in the following manner. When Bitcoin value appreciate since it happen to be the market mover in the crypto currency community all other altcoins turn positive or appreciate in value.
|
|
|
|
|
roxbit
Member
Offline
Activity: 294
Merit: 10
|
|
April 16, 2018, 01:07:37 PM |
|
There is a strong relationship between Bitcoin and other alternative crypto currency which could be discribe in the following manner. When Bitcoin value appreciate since it happen to be the market mover in the crypto currency community all other altcoins turn positive or appreciate in value.
Bitcoin and altcoins are directly connected and basically have a strong relation to each other. We all know bitcoin is the mother of all coins. Different altcoins whatever you call them have one common denominator and that is the bitcoin. They follow the footsteps of bitcoin, although is it true that its value is unstable and keeps on changing from time to time. Still, they cannot be separated and just go along altogether and that's the beauty of cryptocurrency. |
|
|
|
|
Tigerw
Member
Offline
Activity: 448
Merit: 12
|
|
April 16, 2018, 06:45:20 PM |
|
There is a strong relationship between Bitcoin and other alternative crypto currency which could be discribe in the following manner. When Bitcoin value appreciate since it happen to be the market mover in the crypto currency community all other altcoins turn positive or appreciate in value.
Bitcoin and altcoins are directly connected and basically have a strong relation to each other. We all know bitcoin is the mother of all coins. Different altcoins whatever you call them have one common denominator and that is the bitcoin. They follow the footsteps of bitcoin, although is it true that its value is unstable and keeps on changing from time to time. Still, they cannot be separated and just go along altogether and that's the beauty of cryptocurrency. I think that only Bitcoin twins have something in common with Bitcoin. Of course, you can compare both Bitcoin cache and Bitcoin Block, but also other Coins, which are created by another protocol, have practically nothing to do with this coin. |
|
|
|
|
GoldenLad
Member
Offline
Activity: 252
Merit: 12
|
|
April 16, 2018, 06:54:59 PM |
|
I personally noticed that when the price of bitcoin goes up, almost all the price of other cryptocurrencies goes up too. It seems uncertain to figure out why it seems so, but I guess it's because Ethereum is pushed by bitcoin and Ethereum are being used to purchase those coins (just a layman understanding and thoughs thoughts.) As for moving your portfolio, I suggest you should slip it and use some to purchase bitcoin and ethereum and still have the other coin.
|
|
|
|
|
|
