Bitcoin -Investors first choice- bleeds the altcoins

[RetiredPlanBTC]

Actually when any coin getting high price people wants s to invest there so if the btc price raise again altcoins users may sell their coin and will try to invest in btc so altcoins may bleed.

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[Heleacce]

All altcoin getting melt against of Bitcoin, unfortunately. I hope BTC make bounce from here and we all will start to laugh anymore.

Because almost all altcoins have pairs with BTC on exchanges BTC will always lose less on valuation than altcoins. We should have a decent bounce up in a week or few days from now.

[Bitocek100000]

I do not believe my eyes when I watch the courses of altcoins. $ 263 Ethereum, unbelievable and scary. Looks like a sale at IKEA. I hope this ends in September.

[zxrcoin]

There many altcoin available on crypto world but all altcoin are not still matured. That’s why BTC still best to invest but hope altcoin improve gradually and then it will stay neck to neck with BTC.

[artaks]

Basically in normal market when we see any company offered us good product that time we switch our brand based on the same scenario happen in crypto market like when the price of BTC will high that time many of them wants to buy this coin and they will be switching their coin so it may happen that altcoin may suffer.

[Fromand1993]

It just shows the trust people put on Bitcoin rather than the Alts. The current situation of the ALT market is due the recent ETF rejection, which is true but it was caused by Bitcoin since a lot of people started holding BTC instead of ALTs because they thought Bitcoin was a much more reliable option to invest on where it caused the dump for the Alts.

[Stumbleupon]

Bitcoin was always the most dominant coin in the market. It is the first discovered cryptocurrency in the market and still ranks first among all other cryptocurrencies. I think domination of Bitcoin will rise further in future.

[taylorsara]

Bitcoin is the first coin in cryptocurrency which used the Blockchain perfectly. Altcoins are very in number. In case of investing in Cryptocurrencies, BTC will be the first choice as are mine also. I suggest investing in a portfolio which assures every coins existence as well as a nice stable profit.

[coinscircle]

We have had upto 30 billion $ leave the market capitalization yet bitcoin holds above 6100$, the result is that the altcoins are bleeding out badly and bitcoin's dominance soaring higher than usual? when will this stop?                 

I believe that at this time you should only invest in bitcoin to reduce the risk, you can see that bitcoin prices are constantly fluctuating and decreasing in the past days and the price of altcoin is ongoing. Plummeted and still no sign of recovery. Currently the market capitalization is only $ 200 billion so I think you should only invest in short bitcoin.

[MinerFTW]

We have had upto 30 billion $ leave the market capitalization yet bitcoin holds above 6100$, the result is that the altcoins are bleeding out badly and bitcoin's dominance soaring higher than usual? when will this stop?                 

In my opinion, this will stop when fake ICO projects and coins are reduced. People are investing in projects with no progress and stagnation (not all of them of course). That's why the market is declining.

[Utouippe]

I think it's a good news for the market. Bitcoin is the most potential coin in the market and it alone holds almost half of the total cryptocurrency market capitalisation. Soon the price of Bitcoin will start rising higher and market will recover back its position.

[Roaring Goblins]

The alt market bleeding right now cannot entirely be blamed upon Bitcoin. People might have converted their ALTs to Bitcoin and after the bubble of ETF popped the down trend started. ALTs market bleeding is just another sign of this bearish trend in my opinion. More or less, all the coins are bleeding right now.

[crazymelons12]

It is hard to replace bitcoin in the top spot. The popularity of bitcoin have played a very important role for its survival. So dominance over other coins  may take even a longer time than what we might expect. Bitcoin will always be the king of cryptocurrency until an altcoin might just solve all weaknesses of bitcoin and put it as an additional feature onto itself.

[acheampong64]

The actual true fact is that Bitcoin controls the crypto world and for the altcoin to gain independence, BTC dominance has to drop to a very low value which will be very difficult to happen. Anyways when BTC moons and soars high above, the alts will gain momentums as well.

[rexxarofmoknathal]

The actual true fact is that Bitcoin controls the crypto world and for the altcoin to gain independence, BTC dominance has to drop to a very low value which will be very difficult to happen. Anyways when BTC moons and soars high above, the alts will gain momentums as well.

Absolutely right! Bitcoin is at the top so for any investor BTC is a very big attraction. Its almost like why would you waste time with the altcoins when you can go big on BTC - its what I suppose, anyways.

[levvv]

We have had upto 30 billion $ leave the market capitalization yet bitcoin holds above 6100$, the result is that the altcoins are bleeding out badly and bitcoin's dominance soaring higher than usual? when will this stop?                 

Looks like this is occurred because SEC delayed decision regarding bitcoin in ETF. That maybe the reason for bitcoin's dominance.
But do you think the delay will be short ? i dont think so. So, this bleeding market will continues until there are any good news on altcoins.

[elwiswoodie]

yes in cryptocurrency, investors must choose between Bitcoin and Altcoin, if their choice is BTC then Altcoin will go down,
but if the choice is Cryptocurrency and FIAT, then all Bitcoin and Altcoin will be expensive when investors choose Crypto
the point is, choices that are not chosen will bleed

[malamjumat8]

this happens because at this time the state of bitcoin has fallen again, so it happens like that, with the existence of altcoins, bitcoin can soar quickly. maybe that's what I can say!

[Suketlapangan]

bitcoin is indeed the main coin for investors, now the price of bitcoin is down and surely investors are looking for other coins that can be benefited, like alcoin, and when bitcoin is as stable as they will return to bitcoin .

[Faemon]

This was evident. The investors are invested on altcoins so that the moment bitcoins goes up in terms of price, they will sell their altcoins up and will exchange it for BTC instead. That is why the altcoins bleed. And this is a vicious pattern that has been going on in the market.