Altcoins rallying

[Little-loli]

Looked at altcoins and they've started rallying pretty hard all at once, whats the reason for this? Is it because of Bitcoin going sideways for a decent while or some other reason?

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[thepo1m]

It will be difficult to jump to conclusion but what I can say is that people tend to be giving up on Bitcoin for now, the price of BTC has kept the whole market down for weeks and since it seems there are some invisible hands keeping the price down, people will move to new assets and that would be Altcoins

[TwSeventh]

trend reversal ? we do not know about it yet because we can not see any significant movement on Bitcoin.
what i am afraid is,
an altcoin will gets a little pump from this point,afterward the money flows to Bitcoin and another downward movement happens.
not sure we are already bottmed or not,
but from TA perspective,we could go down a little bit deeper from this point.
everything is possible.

[Cnut237]

Looked at altcoins and they've started rallying pretty hard all at once, whats the reason for this? Is it because of Bitcoin going sideways for a decent while or some other reason?

I think at the moment we have to look at the market as a whole rather than individual coins. We bounced back twice quite sharply from whole market lows of about $270 billion. Then over the last couple of weeks we have dipped a bit below that. The latest mini-rally has pushed the whole market back up to $270 billion. As far as I'm concerned, this is a sign that this could be a fairly stable minimum. Essentially, again my own perspective, we have been falling for months and now there are the first signs that we've hit solid ground. Once this is more firmly established, we can anticipate the whole market moving upwards again.

[leea-1334]

It will be difficult to jump to conclusion but what I can say is that people tend to be giving up on Bitcoin for now, the price of BTC has kept the whole market down for weeks and since it seems there are some invisible hands keeping the price down, people will move to new assets and that would be Altcoins

This is just silly to think. Give up on Bitcoin and you give up on the whole crypto market. This is again yet another cycle. We see period from last year even where alts rose as Bitcoin fell, but eventually they all get in line behind Bitcoin and rise and fall together with it. Altcoins still struggle for true quality and true value. Bitcoin already has that and is still building on it.

[Suslived]

They are following bitcoin's lead. Just check out ETHEREUM. It seems like its almost ready to BURST.

If i were you i'd buy up all the Ethereum i can afford while you can still buy it at around $400. Many speculate it will reach $1200 again.

[Temik2704]

Looked at altcoins and they've started rallying pretty hard all at once, whats the reason for this? Is it because of Bitcoin going sideways for a decent while or some other reason?

About what "Rally" are you speaking about?
I see only EOS was pumped for +35% and that's all. Other cryptocurrencies have a very little price movement (1-10%).

[iqlimasyadiqa]

Looked at altcoins and they've started rallying pretty hard all at once, whats the reason for this? Is it because of Bitcoin going sideways for a decent while or some other reason?

I think at the moment we have to look at the market as a whole rather than individual coins. We bounced back twice quite sharply from whole market lows of about $270 billion. Then over the last couple of weeks we have dipped a bit below that. The latest mini-rally has pushed the whole market back up to $270 billion. As far as I'm concerned, this is a sign that this could be a fairly stable minimum. Essentially, again my own perspective, we have been falling for months and now there are the first signs that we've hit solid ground. Once this is more firmly established, we can anticipate the whole market moving upwards again.

I strongly agree with you that we are currently in a fairly stable position and this can be said is a beginning that could mention that there will be an increase in the world of digital currency. Increase only to certain coins will not have a big impact because what we expect is a thorough increase so that it can make a big change in the world of digital currency. For me the increase in price of Altcoin and Bitcoin will be a good momentum to be a new rate and a convincing price standard. The decline that has been happening for months is a worrying thing, but now it looks a good future. Yes we just hope that the current developments can be a good momentum for the advancement of the next digital currency.

One of the awaited moment is indeed the volume of transactions are increasing because with the increasingly improved marketcap then digital currency can be increasingly calculated as a very important thing.

[adaseb]

Something tells me that these alts are rallying as a trap.

Basically they want to create a fear of missing out while everybody sells their BTC for the alts.

Then the alts start to dump while BTC makes a bottom and goes to $20k

[onetwostep]

Something tells me that these alts are rallying as a trap.

Basically they want to create a fear of missing out while everybody sells their BTC for the alts.

Then the alts start to dump while BTC makes a bottom and goes to $20k

As you say, if a scenario occurs, it means that the altcoins have come to an end. I do not think I see such a hard move. I think bitcoin will rise fast and big, but this rise may not be healthy. Getting the right position will become very difficult

[cryptorobbo]

It might be because Bitcoin was much or less stable for some time and Total Market Cap found good support at 250bn USD (recently it was bouncing from this support for the 3rd time). But I guess it is good to be ready for some major dips after this rally, as people gonna go back for fiat to get some profits...

[AlexaSonda]

I think this increase occurs because there is movement of bitcoin and we see average alt also experiencing the same thing. Total market cap also raise and nearly reached 300 billion dollars.

[iLoveMFB]

Bitcoin is flying, the bull market is back, and the counterfeit money is going to go up again, and if it doesn't, it's dangerous.

[xenomorphe1]

The price of Bitcoin did increase a lot today. We are going to see how high the prices are going to be able to go.

[nxtcoin50888]

I think this time will break through a height, the traffic of a lot of trade website return again, this is a very good phenomenon, in order to believe, we want to insist that will be better.

[Little-loli]

Something tells me that these alts are rallying as a trap.

Basically they want to create a fear of missing out while everybody sells their BTC for the alts.

Then the alts start to dump while BTC makes a bottom and goes to $20k

The prophecy has come true, except the 20k BTC yet to come. I jinxed it all by making this thread.

[Scor Pio]

Something tells me that these alts are rallying as a trap.

Basically they want to create a fear of missing out while everybody sells their BTC for the alts.

Then the alts start to dump while BTC makes a bottom and goes to $20k

BTC makes a bottom in what price ?
i see a lot of people said BTC will go down again to $5000 before jumping,
but i don't believe that predictions

about altcoins price, ,
is this somekind of bullish trap on altcoins movement ?

[JoshuaBlack1]

id be hesitant to get too excited. Im waiting for a little more conformation before I get in

[bozo333]

Looked at altcoins and they've started rallying pretty hard all at once, whats the reason for this? Is it because of Bitcoin going sideways for a decent while or some other reason?

It is not a big rally in current traffic all the coins are follow the Bitcoin way. The main reason of crypto raising is Easter festival is finished in last week so again all the investors are enter into the Crypto investment this is one of the main reason to rallying the altcoins.

[East2011]

Looked at altcoins and they've started rallying pretty hard all at once, whats the reason for this? Is it because of Bitcoin going sideways for a decent while or some other reason?

This is the time we have been waiting for. The market is showing a good sign of recovering again. Those people who buy some good alts at low price are very happy today.