Market is red all over again...

[BitcoinHodler]

once again the bitcoin price rise has led to a massive altcoin dump all over the altcoin market as they continue losing value against bitcoin and show red on the charts. interesting point is that the top coins with bigger market cap are dropping harder than the smaller coins which is probably due to the arbitrage opportunity between the ALT <> USD <> BTC which is also partly the reason for the ALT/USD small rise.

[Iyeman]

once again the bitcoin price rise has led to a massive altcoin dump all over the altcoin market as they continue losing value against bitcoin and show red on the charts. interesting point is that the top coins with bigger market cap are dropping harder than the smaller coins which is probably due to the arbitrage opportunity between the ALT <> USD <> BTC which is also partly the reason for the ALT/USD small rise.

As far as i know from the old chart of crypto when bitcoin gets a pump and traders are massively converting their altcoins to the bitcoin and otherwise. That makes altcoin lose its value in bitcoin terms. isn't normal if those altcoins are losing the price in bitcoin terms?

[Theones]

There has not been such a large jump in BTC price for a very long time, so many people were not prepared. In my opinion, this was the main reason for the quick conversion of altcoins to BTC and this mainly make this difference. I think that with a stable and slower growth, these differences will be little, and even some altcoins (such as ETH) will gain value faster.

[puremage111]

It's been a long day bitcoin price never really improve and the spike today is tremendous
It causes people to dump altcoin definitely because its was different type of altcoin which got pumped in the past few weeks

However, Bitcoin is just back to 51.8% dominancy
Seems like its kinda a 50/50 market share of Btc vs altcoin there

[leea-1334]

Just yesterday I saw two of my big channels that I still somehow follow telling the people see, Bitcoin cannot even break $4200 and altcoins are gaining back dominance. Then boom,,, Bitcoin shows everyone who the boss is, and flies all the way to 5000 plus gains back 51.5% dominance.

The market will always eventually be red for altcoins against BTC. Time to see and accept that!

[Red-Apple]

Just yesterday I saw two of my big channels that I still somehow follow telling the people see, Bitcoin cannot even break $4200 and altcoins are gaining back dominance. Then boom,,, Bitcoin shows everyone who the boss is, and flies all the way to 5000 plus gains back 51.5% dominance.

The market will always eventually be red for altcoins against BTC. Time to see and accept that!

that once again for the millionth time proves that people should stay far away from any channel that is discussing price related topics regarding altcoins because all of them without an exception is directed by either newbies who are spreading nonsense misleading a lot of people or by pumpers who are misleading people so that they can rob them.

[livingfree]

The USD market is on green all the way. Everyone who bagholds alts are now transferring to bitcoin. They don't wanna miss opportunity of buying while it's rising, if this isn't a trap this is good for those who bought while it's below the current price. Bitcoin dominance is 51.4% and I think there's overflowing cash to the alts market. It's usual to see alts go on red when bitcoin is going up but on the latter part, when everything has been established alts will follow the green gang.

[Adriano2010]

Yes market was red at that time and every time when bitcoin goes high most of altcoins goes low in trading pair alt/BTC, i don't know why always happen but this is it, i expect to grow more bitcoin this month.

[frchowe214]

The shocking rise has probably hit the limits on some trading accounts that already had planned dumps ahead. Now that confidence has returned those limits are going to be pushed up and traders will increase their gains before dumping

[Simple_Plan]

When BTC pumps, it's inevitable that ALT/BTC dumps. If BTC sideways in a few days ahead, ALT/BTC will recover. The only regret is that BTC pumped so out of the blue that I couldn't out my alts to BTC. Luckily I had a bit spare BTC to buy when ALT/BTC dipped.

[lablab03]

This is what I'm saying on my previous post wherein perhaps another trap by whales because it's very suspicious scenario and it's very rare to happen now especially on this kind of situation of market.  in fact there's no specific reason why there is a sudden bump in the market, so it's very suspicious actually . Probably now it's very clear that this will ending again on manipulation not just a correction of price.

[levyashin]

If you look market on btc value with the day btc pumped of course it will show red.

But on the contrary, it is green. Because btc pumped greatly and alts lost some value compared to btc not fiat.

[kindbtc]

What i have seen just before coming here is that almost all the coins are also positive in terms of usd, so i think it is natural when btc gets stronger you will get more alts for same btc when its stronger i think once btc settles only then the effect will resonate to alts.

[didzi]

If you look market on btc value with the day btc pumped of course it will show red.

But on the contrary, it is green. Because btc pumped greatly and alts lost some value compared to btc not fiat.

you are right,, but our portofolio in bitcoin terms was decreasing wich mean red, right ?
if we look in usd terms our crypto must be green,
but if look into the biggest gainers list on coinmarketcap, few altcoins growing hard in bitcoin and usd terms too 

[kodtycoon]

showing tether falls 10% and now I see in the coinmarketcap tether falling up to 11%, the situation > usd is different, all green from top to bottom this is carried by bitcoin as the rising parent I wonder if the bull run happened this year! yeah I hope it will happen this year

[Idrisu]

once again the bitcoin price rise has led to a massive altcoin dump all over the altcoin market as they continue losing value against bitcoin and show red on the charts. interesting point is that the top coins with bigger market cap are dropping harder than the smaller coins which is probably due to the arbitrage opportunity between the ALT <> USD <> BTC which is also partly the reason for the ALT/USD small rise.

definately this is expected to happen because of the ways most of the altcoins are sympathizers with bitcoin.  However many of them are green against USD and that is what matters to us.  Billion of dollars has flow into the market and we are happy that this has happened.

[mrdeposit]

Yes market was red at that time and every time when bitcoin goes high most of altcoins goes low in trading pair alt/BTC, i don't know why always happen but this is it, i expect to grow more bitcoin this month.

It is like running to assurance. But, as the increase continues, altcoins find their place. I guess bitcoin should recover itself, later it  will start helping altcoins.

[jacafbiz]

I think this is telling half the story, the price was down in BTC because of the recent pump but was up in USD value, this is nothing like the bear market when the price dropped both in USD and BTC value. The relationship between BTC and Altcoins is a see-saw relationship and the price will go up when BTC price stabilize

[Malsetid]

Yes market was red at that time and every time when bitcoin goes high most of altcoins goes low in trading pair alt/BTC, i don't know why always happen but this is it, i expect to grow more bitcoin this month.

It is like running to assurance. But, as the increase continues, altcoins find their place. I guess bitcoin should recover itself, later it  will start helping altcoins.

Yeah it's how its always been. People sell alts when they see bitcoin pumping in hopes of joining the pumpride. I see it differently though. Especially when it's pumping for just a few hundred dollars. Yesterday was a good day to get some more cheaper alts since they don't reslly stay down when the reason of their dump is a btc pump.

[Mux@]

Too sharp growth after a long stagnation will definitely be replaced by a sharp drop in the value of cryptocurrencies in the coming days. However, I am in no hurry to sell my tokens. I will wait longer, as all my investments are designed for a long time. Still, in the long term, the cryptocurrency will only develop.