Altcoins will die due to Bitcoin bull run(ETF, big institutional investors)?

[jt byte]

Hi, crypto enthusiasts!
I am thinking about recent situation on the crypto market. It seems that Bitcoin found the bottom and big investments are coming, but if you look at altcoins, almost every altcoin is bleeding and money is now moving into Bitcoin. Current Bitcoin dominance 47%!
Don´t you think that this could be end for many altcoins? Big institutional investors will not invest into altcoins...
What is your opinion.
Thank you!

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[spirali]

Or... "Bitcoin (BTC) ETF Hype Could Be A Whale Ploy To Lower Altcoin Prices Before The Next Rally". See https://cryptodaily.co.uk/2018/07/bitcoin-btc-etf-hype-could-be-a-whale-ploy-to-lower-altcoin-prices-before-the-next-rally/

[w33man]

Hi, crypto enthusiasts!
I am thinking about recent situation on the crypto market. It seems that Bitcoin found the bottom and big investments are coming, but if you look at altcoins, almost every altcoin is bleeding and money is now moving into Bitcoin. Current Bitcoin dominance 47%!
Don´t you think that this could be end for many altcoins? Big institutional investors will not invest into altcoins...
What is your opinion.
Thank you!

No, it is normal for altcoins to bleed once the bitcoin price starts to rise. Once bitcoin price became stable and increased, the altcoin price will start recovering, investors will buy back on altcoins. Some altcoin might die, especially those who have no working product or no real purpose.

[cryptonx]

Hi, crypto enthusiasts!
I am thinking about recent situation on the crypto market. It seems that Bitcoin found the bottom and big investments are coming, but if you look at altcoins, almost every altcoin is bleeding and money is now moving into Bitcoin. Current Bitcoin dominance 47%!
Don´t you think that this could be end for many altcoins? Big institutional investors will not invest into altcoins...
What is your opinion.
Thank you!

No, it is normal for altcoins to bleed once the bitcoin price starts to rise. Once bitcoin price became stable and increased, the altcoin price will start recovering, investors will buy back on altcoins. Some altcoin might die, especially those who have no working product or no real purpose.

Yes, you are right,,
At this moment a lot of money moves from altcoins to bitcoin,,
So, this make the price of altcoins red,,
But, soon the price of a good altcoins will rising, when bitcoin have a little corrections

[biogesic]

I think altcoin market is still over inflated. I mean tons of trash projects needed to weed out. Hoping money coming into bitcoin flow into altcoins. However I think more downside, just look at XRP/BTC

[hani1929]

Its true that some investors from altcoins move their money to buy bitcoin that is why altcoins is in red, maybe because bitcoin is on hype now but for sure after this hype altcoin will recover. as we know this altcoin will follow the price of bitcoin, but for now investors are only in focus on bitcoin maybe they are just going with the flow.We will let see what will happen next to altcoins maybe some of them will die especially those new coins that has no purpose.

[Endikadija]

Hi, crypto enthusiasts!
I am thinking about recent situation on the crypto market. It seems that Bitcoin found the bottom and big investments are coming, but if you look at altcoins, almost every altcoin is bleeding and money is now moving into Bitcoin. Current Bitcoin dominance 47%!
Don´t you think that this could be end for many altcoins? Big institutional investors will not invest into altcoins...
What is your opinion.
Thank you!

Man, i should remain you again about what has already happened last year. This just the matter of time until ETF will be announced by SEC and there is no reason altcoin will die. It will be following the bitcoin in the future. see 2017's chart and then it will tell you a lot about that. Altcoin will be following bitcoin after the bitcoin bullish has already reached the top.

[didzi]

the truth is shitcoins will be die,,but, not for a solid altcoins such as ethereum, eos, iota and others
so, just collect more a good altcoins when the price down

[tmoney88]

This bitcoin dominance is a good thing for altcoins, not the death of them. This is a standard process during a bull run. First bitcoin pumps, and then people put bitcoin gains into alternates. Altcoins that have utility and a real world use case, aren't going anywhere.

[Sadyshagg]

If this truly happened I dont see a correction as bad as we have currently and so many coins would benefit just because of how much btc controls the market... Many of us would be sitting on a pretty penny if youre holding any coins/tokens.

[Slash61]

With the decline occurring in altcoin investors switching to Bitcoin for future gains, nothing is expected under current market conditions especially on declining altcoins, it's very natural that there is time for altcoin to increase and there is time for Bitcoin to increase I can only hoping to buy more altcoin in the remainder of this market bleeding, after altcoin starts pumping a few times as I would get, of course the best altcoin should be the main target, do not panic with every condition.

[Griffin10]

We are already seeing alts bleeding heavily in anticipation of a spike in Bitcoin, I think this will be an exiting couple of months

[PhoenixEmpire]

I think this will not be necessarily the case as we see now Bitcoin price continues to surge. but that is all because of major incoming news or simply it might be a few whales buying up to make it look like it. I like to keep in mind the possibility of ETF extension or even rejection until further notice.

Best way is to hedge against your decisions.

[Vit83]

We already saw this situation at the beginning of the year when BTC pumped and alts were bleeding, but after some time alts pumped very high after btc.

[Gozie51]

We are already seeing alts bleeding heavily in anticipation of a spike in Bitcoin, I think this will be an exiting couple of months

The bleeding can be regarded as normal because investors expectations of huge profit come August but after that, we still see much money being invested into altcoin because of the spirit of diversification.

[dearbesz1219]

And what about past ICOs? It seems that a lot of them will never see ICO value. I am talking about real ICOs with great product, but current market situation will bury them probably.

[coinporch]

We are already seeing alts bleeding heavily in anticipation of a spike in Bitcoin, I think this will be an exiting couple of months

The bleeding can be regarded as normal because investors expectations of huge profit come August but after that, we still see much money being invested into altcoin because of the spirit of diversification.

the point is now crypto market cap almost 300 Billion, and BTC Dominance: 46.8%
so, this is really good for crypto, because i believe soon we can see altcoins price will growing too when the market cap reach more than 300 Billion

[nickwen]

I think this is a great opportunity to buy altcoin at extremely low prices. Surely when the price of Bitcoin stable then the price of altcoin will also increase. I am saving over $ 20,000 to invest in altcoin during this time

[casternetwork]

I feel this is very normal. Same as last year, when Bitcoin prices increased, and prices of altcoin dropped. And when Bitcoin prices drop, the price of altcoin will increase. The altcoin will never die when the ETF is accepted

[piterpie]

Agree with your comments. Currently, I have sold 10 ETH and invested in Bitcoin during this time. I believe the price of bitcoin will increase to $ 10,000 in a few days. Do not invest in altcoin when Bitcoin prices are rising