BTC holding it's own trend?

[qazgroup]

You can see this fact that btc is continuously increasing its dominancy in the market that means the interest, hyoe and fomo is increasing in btc, this will result in massive growth of demand of btc and its value as well.

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[mace15]

You can see this fact that btc is continuously increasing its dominancy in the market that means the interest, hyoe and fomo is increasing in btc, this will result in massive growth of demand of btc and its value as well.

This means people focus on bitcoin selling what they have on alts to have btc. Well yes the dominance in the market that users comes and hold bitcoin as the growth I think will happen this year. Price increase in btc while some alts were down so also good to have some alts during it's low trend.

[eann014]

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

There is also a lot of alts that is good for investment. At the moment bitcoin is good for a short investment. Why? Because the price is not stable, it decreasing at any moment then after that it increases.

[Maximo1]

That is also my observation, bitcoin is going up thus all altcoin will go up too but that is not the case with this current scenario. That is why i could say that bitcoin will always be the number one cryptocurrency. It has it's own trend while altcoins follow the trend of bitcoin.

[ethereumhunter]

bitcoin still it's on the way to move to the higher price and it is up trend but there is also a chance for bitcoin to go down in the next week. and for the altcoin, I think it is better time to invest in altcoin because like you said, the majority of the altcoin is getting down and maybe we can find some of the altcoins that have potential to increase soon. so if you can analyze the market and you know where the trends of bitcoin and altcoin want to go, I guess that you can predict easily and you will know what you have to do.

[coinplus]

bitcoin still it's on the way to move to the higher price and it is up trend but there is also a chance for bitcoin to go down in the next week. and for the altcoin, I think it is better time to invest in altcoin because like you said, the majority of the altcoin is getting down and maybe we can find some of the altcoins that have potential to increase soon. so if you can analyze the market and you know where the trends of bitcoin and altcoin want to go, I guess that you can predict easily and you will know what you have to do.

But in my view, no single commodity has the capability to create a new trend in terms of trading style. I mean bitcoin must have to trade as per basics of trading fundamentals like obeying the resistance and support levels but finding those zones withing pivot analysis.

Simply, bitcoin still holds into lower sides which always a good grab for someone who is planning to go long without bothering about if there would be any further movement downwards, this is a great opportunity and even if it goes lower the more, it even brings greater opportunities. Just like professionals speculate, the whales want to drive the market as low as they can, and taking those downward movements as a chance is one thing that any smart investor should be looking forward to. So far, the value is cheap but I am not sure they are done yet, but buying bit by bit, just in case, is not a bad idea.

[phpartisanmaster]

You can see this fact that btc is continuously increasing its dominancy in the market that means the interest, hyoe and fomo is increasing in btc, this will result in massive growth of demand of btc and its value as well.

It was normal for bitcoins to be always the trend on different social media's because there are a lot of ico's who are starting to market their own tokens as well in order to get more investors.

[puremage111]

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

Well if a market is going to turn bullish, the blue chip would always be the first one to run
Looking at the Bitcoin dominance over the whole market, it had increase over the past few days and we are at 47% now

It will always be BTC Up > Push the wave > Alts up

[ZvitiSir]

Money flows from alts to BTC because of ETF expectations. Didnt check marketcap but i assume it didnt significaly get bigger.

Crypto market is reversing slowly and people are starting to loose paitince there is FOMO kicking in and we shall soon see bullrun.

ETF is sheduled for i think 25 september, its not on 10 august! So market have enought time to prepare for bull and i think this is happening right now.

Alts will follow bull hard when BTC cross 10k. Some even before that. Check NEO for instance its on the major support line and it will bounce hard in coming days.

[v_Harley]

The price trend of BTC should also have a lot to do with the trend of global financial market. BTC is just a speculative tool, which does not have the function of assets.

[normanz]

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

Bitcoin has always been the highest because it is still trusted as the best for investment. Bitcoin will remain the main and no altcoin can exceed bitcoin. I never doubted bitcoin, and I'm sure bitcoin can change the future for the better.

[miyaka26]

Yes. This is a strange thing that I have seen in this market, BTC prices are rising while other coin prices are falling. That is one of the characteristics of the BTC. Prove the strongest penny in the market

This is not strange people sell their altcoins to position themselves to the incoming bull run from bitcoin it happens whenever there's an incoming trend to bitcoin like the past forks and uprise, they are just waiting for the SEC's decision from ETF though not all of the altcoins are in the downtrend normal market activities fluctuations as usual.

[skeletica]

Do not worry, altcoins did not always follow the price of Bitcoin, there were such situations. Invest in the altcoins can and should be, as they will always be of interest from investors.

yes, but not all of them.
I think almost 80% of altcoin prices follow the movement of bitcoin, because currently only a few altcoins are still survive. the rest are completely destroyed.

[rainezerr]

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

Altcoins is a competitor of bitcoins, most of the people who are holding bitcoins is just exchanging their alt to btc which makes the volume of alt to increase and bitcoins demand to increase.

[hatshepsut93]

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

Alts are sold directly for BTC, so their BTC price is dropping (go to coinmarketcap and switch currency to BTC to see this), so the USD value of Bitcoin is not hugely affected by this factor. Money are not flowing from alts to BTC, alts simply dropping in their BTC price to remain stable at their USD price. I don't think that Bitcoin can grow as the result of alts suffering, there's no market mechanism for that.

[Horace_Damico]

Money flows from alts to BTC because of ETF expectations. Didnt check marketcap but i assume it didnt significaly get bigger.

Crypto market is reversing slowly and people are starting to loose paitince there is FOMO kicking in and we shall soon see bullrun.

ETF is sheduled for i think 25 september, its not on 10 august! So market have enought time to prepare for bull and i think this is happening right now.

Alts will follow bull hard when BTC cross 10k. Some even before that. Check NEO for instance its on the major support line and it will bounce hard in coming days.

Yeah everyone is anticipating this one. But also I think it's partly due to a shift in sentiment towards bitcoin. More of the public is softening about it and people are more willing to get into it. And then there's the trade wars. Lots of people are rushing to protect their money, and bitcoin is the fastest and easiest for them to get into if they don't know much about the altcoins. The vast ocean of altcoins can be a bit intimidating to those who haven't done any research about it and don't know where to begin. Also ETH is facing some issues with coins being sold back off, so it's been on a steady downtrend for a few weeks now. All in all, I think it's a greater desire for bitcoin that's prevailing right now.

[1Referee]

bitcoin still it's on the way to move to the higher price and it is up trend but there is also a chance for bitcoin to go down in the next week. and for the altcoin, I think it is better time to invest in altcoin because like you said, the majority of the altcoin is getting down and maybe we can find some of the altcoins that have potential to increase soon. so if you can analyze the market and you know where the trends of bitcoin and altcoin want to go, I guess that you can predict easily and you will know what you have to do.

Don't count yourself in the profits already. It may very well be that if Bitcoin starts going down after the SEC rejection, altcoins may go down further with it instead of gaining back some of their 'lost' ratio. People can call altcoins cheap as much as they want, but they aren't really that cheap.

Ethereum has way more downward potential at this point. If it breaks 0.05BTC it with a high probability will dip well below 0.04BTC this year. It will be an interesting time for Ethereum enthusiasts with a hard fork coming up next month. There is so much to break with how complex their network is, and also when it comes to everything running on top of it. In other words, it's going to be an important time for the majority of the tokens.

[audaciousbeing]

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

Its not out of place to see some trend in the direction of prices of the entire cypto market. I have  equally observed that, in the past when there is increase in the price of bitcoin, other major coins tend to move in that direction and the same thing happen when there is a fall in market price but what is happening during this period has invalidated that theory and assumption because not only is the price of major alt coins that move in the same direction stagnant, they have been witnessing some reverse in price to the extent that a trader keeping any of this coins would not see any significant increase in the value of his portfolio as the increase in one is compensated by the drop of the other or others in the portfolio.

I feel its a good one for the market on the average that people are looking beyond the top 10 altcoins to invest or the top 5 altcoins to bring a decent return but they are only relying on the popularity of bitcoin as they move together. Its high time they started to run their own race because even with the current scenario, there have been some alts not within the range of attention witnessing some gradual positives.

[abstractednerve]

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

how this does not become a new trend when people see for themselves how people benefit from bitcoin, after they see then they are interested and try to enter the bitcoin world, and the more popular it becomes, the more it uses bitcoin.

[ajqjjj]

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

Altcoins is a competitor of bitcoins, most of the people who are holding bitcoins is just exchanging their alt to btc which makes the volume of alt to increase and bitcoins demand to increase.

Bitcoin is always dominating the altcoin because peoples are expecting short term profit then they will realise the exact market trend so automatically they are all move to Bitcoin. But all the Crypto is a asset because nowdays fiat is still rule the entire so it is a future technology and This will globalised on future that day all are invested in Bitcoin. The current peoples are jump to all the crypto.