BTC holding it's own trend?

[Hobo66]

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.

Yes that is right that there are a lot of altcoin, but it is for clear not a single altcoin can compete with bitcoin. bitcoin is the first choice of the people, those people who want to trade other altcoin, even they use to convert bitcoin to trade that currency but most of the people always hold bitcoin and wait for the best time to sell.

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[andrei56]

yes you are right bitcoin is currently falling and tends to go down so it is more likely to hold a holding until the price at the exchange place restores the price.

You can always take advantage of the market while the prices are falling because in this way you can invest more coin at its cheapest price which will make you earn more profit when the prices goes back to normal.

That is correct but many people depend for the price to go up in order to get profits and that is the case because they are not holding a lot of fiat, many of the investors put all their fiat already in cryptocurrencies so the price cannot go up unless new money begins to enter this market which is one of the reasons the market is taking so much time to recover.

[irsada]

yes you are right bitcoin is currently falling and tends to go down so it is more likely to hold a holding until the price at the exchange place restores the price.

You can always take advantage of the market while the prices are falling because in this way you can invest more coin at its cheapest price which will make you earn more profit when the prices goes back to normal.

That is correct but many people depend for the price to go up in order to get profits and that is the case because they are not holding a lot of fiat, many of the investors put all their fiat already in cryptocurrencies so the price cannot go up unless new money begins to enter this market which is one of the reasons the market is taking so much time to recover.

I agree with you there must be new investors, who come in so prices will increase again because some investors have almost used their money to buy alt coins at high prices.

[newinbtc]

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 is always in Trend Since launched. Some investors Took a loan to invest in bitcoin during Peak stage and loss all money. Example taken from Dubai.
 Some people Just depend on Day Trading , they are happy with low profits but risk Is very less.
Long term players Have High risk as Anything can happen in future. Most of investment are in altcoin as compare to btc.

Many people just Depends on Prediction by Experts and They purchase and sell on that basis. But still bitcoin is Much safe as compared to altcoin

[el kaka22]

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...

People have already mentioned that bitcoin price increase usually means alts going down because of the valuation against each other.
But lets also not forget that when the bull market came, when bitcoin was 20 thousand dollars, there was all kinds of altcoins that went up in price. That means when bitcoin reached 20k, if that coin stayed at zero, not go down or not go up that means that coin made money on dollar value because its valued against bitcoin and bitcoin went in price. When it makes gains against btc, its double profit, both on price of btc and dollar value and both against btc increasing value.

Hence, it is not insane to assume when bitcoin go up, some alts may go up as well. This time it is not just "alts losing value against bitcoin" it is also "people are withdrawing from the market" as well. Which is worse if you ask me.

[myown2cents]

yes you are right bitcoin is currently falling and tends to go down so it is more likely to hold a holding until the price at the exchange place restores the price.

You can always take advantage of the market while the prices are falling because in this way you can invest more coin at its cheapest price which will make you earn more profit when the prices goes back to normal.

That is correct but many people depend for the price to go up in order to get profits and that is the case because they are not holding a lot of fiat, many of the investors put all their fiat already in cryptocurrencies so the price cannot go up unless new money begins to enter this market which is one of the reasons the market is taking so much time to recover.

I agree with you there must be new investors, who come in so prices will increase again because some investors have almost used their money to buy alt coins at high prices.

People converted their money into altcoin temporary , because when they realize that bitcoin price is now going to start increasing they again reinvest their money into bitcoin. They know that bitcoin has too much potential as compare to other crypto currencies.

[andrei56]

yes you are right bitcoin is currently falling and tends to go down so it is more likely to hold a holding until the price at the exchange place restores the price.

You can always take advantage of the market while the prices are falling because in this way you can invest more coin at its cheapest price which will make you earn more profit when the prices goes back to normal.

That is correct but many people depend for the price to go up in order to get profits and that is the case because they are not holding a lot of fiat, many of the investors put all their fiat already in cryptocurrencies so the price cannot go up unless new money begins to enter this market which is one of the reasons the market is taking so much time to recover.

I agree with you there must be new investors, who come in so prices will increase again because some investors have almost used their money to buy alt coins at high prices.

I really think that there are many new investors coming in this market but they are buying cryptocurrencies in such a way to try to not make the price to go up and as soon as they see the market going up they stop buying, they want to buy their coins as cheap as possible and then reap the benefits of their strategy in a few years so if you can do the same.

[Grayy]

It's strange how the alts struggling recently. It goes to prove that bitcoin should always be the largest of your portfolio. It will be quite unusual to see alts rising for weeks while bitcoin descends, unlike we are seeing the alts going down against BTC.

[logicgate]

yes you are right bitcoin is currently falling and tends to go down so it is more likely to hold a holding until the price at the exchange place restores the price.

You can always take advantage of the market while the prices are falling because in this way you can invest more coin at its cheapest price which will make you earn more profit when the prices goes back to normal.

That is correct but many people depend for the price to go up in order to get profits and that is the case because they are not holding a lot of fiat, many of the investors put all their fiat already in cryptocurrencies so the price cannot go up unless new money begins to enter this market which is one of the reasons the market is taking so much time to recover.

     The price movement of Bitcoin is playing with investors who are treating it fine as a long term investment but investors who are not treating it well and sell in low market for small profit are bringing decline in the value. This marvelous trend will finish only if investors learn to sell in high market only for maximum profit and treat it as a long term investment. Bull market will soon appear if we follow this strategy.