Bitcoin Forum
November 28, 2020, 08:55:59 AM *
News: Latest Bitcoin Core release: 0.20.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 »  All
  Print  
Author Topic: only the price of Bitcoin is increasing?  (Read 1539 times)
kevinzxz
Full Member
***
Offline Offline

Activity: 938
Merit: 103


Base Protocol: Baseprotocol.org


View Profile
May 08, 2019, 11:24:31 PM
 #1

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

               Base Protocol                                                           Presale: Sign up now!
       Hold one token; Hold all tokens                                    [ Website ]
BitcoinTalk  |  Discord  |  Twitter  |  Medium  |  Telegram
1606553759
Hero Member
*
Offline Offline

Posts: 1606553759

View Profile Personal Message (Offline)

Ignore
1606553759
Reply with quote  #2

1606553759
Report to moderator
1606553759
Hero Member
*
Offline Offline

Posts: 1606553759

View Profile Personal Message (Offline)

Ignore
1606553759
Reply with quote  #2

1606553759
Report to moderator
1606553759
Hero Member
*
Offline Offline

Posts: 1606553759

View Profile Personal Message (Offline)

Ignore
1606553759
Reply with quote  #2

1606553759
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1606553759
Hero Member
*
Offline Offline

Posts: 1606553759

View Profile Personal Message (Offline)

Ignore
1606553759
Reply with quote  #2

1606553759
Report to moderator
1606553759
Hero Member
*
Offline Offline

Posts: 1606553759

View Profile Personal Message (Offline)

Ignore
1606553759
Reply with quote  #2

1606553759
Report to moderator
marycrazy08
Jr. Member
*
Offline Offline

Activity: 83
Merit: 1

Peace and love


View Profile
May 08, 2019, 11:27:32 PM
 #2

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

I think the main reason is that, people are pulling their assets from Altcoins and dumping it to Bitcoin as it is increasing. When Bitcoin starts to drop, we might see people who will pull out from bitcoin and dump their assets to alts.
DreamStage
Sr. Member
****
Offline Offline

Activity: 629
Merit: 258


★Bitvest.io★ Play Plinko or Invest!


View Profile
May 08, 2019, 11:42:09 PM
 #3

That's because each ALT / ICO coin has their own individual / exclusive price value.
When you see some of them following Bitcoin price is because those buyers / sellers are having an influence with bitcoin when they exchanging their ALTs.
Which makes ALT / ICOs following it's price.

Nothing to see here
kotajikikox
Full Member
***
Offline Offline

Activity: 1120
Merit: 159



View Profile
May 09, 2019, 12:01:01 AM
 #4

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

Be patience time has comes for cryptocurrency top altscoins becoming follow to increase in the king of crypto. We knows bitcoin starting to recovery so just stay relax and wait for the right time for the whole crypto bouncing.

Genemind
Sr. Member
****
Offline Offline

Activity: 1330
Merit: 313



View Profile
May 09, 2019, 12:09:30 AM
 #5

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

Whenever bitcoin price moving upwards, expect that altcoin price will either be stable or might drop down a little.
People sell their altcoins to buy bitcoin to maximize their profit during bitcoin market recovery. Altcoin price will recover once bitcoin price becomes stable, once people starts buying back their trusted altcoin.

Betnomi300%█████████████████████   ████   ██
DEPOSIT
BONUS

████   ████
.
UP
TO
20%█████████████████████   ████   ██
WEEKLY
CASHBACK

████   ████
100%█████████████████████   ████   ██
.
RAKEBACK
.

████   ████
█▀▀▀▀▀











█▄▄▄▄▄
.
Play now!
▀▀▀▀▀█











▄▄▄▄▄█
pooya87
Legendary
*
Online Online

Activity: 2184
Merit: 3312


Remember tonight for it's the beginning of forever


View Profile
May 09, 2019, 03:19:46 AM
Merited by partysaurus (2)
 #6

it is because traders only switch to altcoins whenever bitcoin price is stable and they can't make profit from that. so when bitcoin starts being volatile again they immediately come back to bitcoin market and that means dumping altcoins hence the market wide altcoin price drops each time bitcoin price rises or falls.
it is also because everyone is here to accumulate and increase their bitcoin holdings and all the rest (altcoin trading) exists to serve that purpose.

Yaunfitda
Hero Member
*****
Offline Offline

Activity: 1582
Merit: 502



View Profile
May 09, 2019, 03:29:43 AM
 #7

Simply because investors are shifting their funds to bitcoin from altcoin market. You will also noticed that the marketcap is not moving that big which also tell us that constant moving of assets are going on and smart investors knows that bitcoin is the right to invest at this point.

████
████
████
████
████
████
████
████

████

████

████

████

████
     ▄▄▄ ▄▄███▄▄
    ███ ▄██████▀▀█▄▄
   ▐██ ▄██████  ▄████▄
   ▐█ ▄███████████████   █▄
   █ ▄█████████████▀▀  ▄███
   ▌▄████████▀▀▀  ▄▄▄████▀
   ▀▀▀▀▀   ▄▄▄██████▀▀ ▄
███████████████▀▀▀  ▄▄██
 ▀███████▄▄▄▄▄▄███████▀
      ▀▀▀▀▀▀▀▀▀▀▄▄███▀
        ▀██████████▄
           ▀▀▀▀ ▄█▀
               █▀
..Blender..
..W A L L E T
████
████
████
████
████
████
████
████

████

████

████

████

████
[BTC
  BTC
.
BTC
Full control
over your funds
             ▄▄████▄▄
         ▄▄████████████▄▄
      ▄██████████ █████████▄
█▀█▄▄▄███████████ █▀█▀██████
▀▀▀         ▀████      ▀████
▀▀▀▀▀▀▀▀█▀▀▄    █ ████  ████
     ▄▄▄ ▀▄ ▀▀▀▀█        ███
     █▄█   ▀▀▀▀▀█ █████  ███
▄▄▄▄▄▄▄▄█▄▄▄▄▄▄▄█       ▄██
   ▄▄▄     ▄█████ █▄█▄████
   █▄█▀▀▀▀███████ ██████▀
            ▀████████▀▀
              ▀▀██▀▀
].ANONYMOUS...............
.SEGWIT ADDRESSES..
.TRUSTED.....................
// /.
       ▄▄████████▄▄
     ▄█████▀▀▀▀█████▄
    ████▀        ▀▀███▄
   ███▀            ▀███  █▄
  ▐███              ▀▀▀▄███
  ▐███            ▄▄▄████▀
  ▀▀▀      ▄▄▄██████▀▀▄
███████████████▀▀▀  ▄▄██
 ▀███████▄▄▄▄▄▄███████▀
      ▀▀▀▀▀▀▀▀▀▀▄▄███▀
        ▀██████████▄
           ▀▀▀▀ ▄█▀
               █▀
.
From the creators of
Blender.io
Afnan_faizah
Full Member
***
Offline Offline

Activity: 546
Merit: 100


QUUBE — First&Only Quantum Resistant Ecosystem


View Profile
May 09, 2019, 03:38:28 AM
 #8

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?
It is because people get saturated with token that they ever invest then forget it. People start to collect more bitcoin to join the next bitcoin bull market. After get enough profit from bitcoin then their purchasing power will increase then they will invest in new ICO project. There is no altcoin which can survive without good team behind it. So you better sell all of your altcoin for bitcoin now.

..QUUBE..
First & Only Quantum Resistant Ecosystem
..MEDIUMTWITTERTELEGRAM..
iqlimasyadiqa
Legendary
*
Offline Offline

Activity: 1596
Merit: 1011



View Profile
May 09, 2019, 03:38:52 AM
 #9

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?
The increase in the price of bitcoin is indeed very influential on other coin price movements. indeed, what feels affected is the altcoin because the biggest impact is the decline in altcoin prices. but there were just a few coins that had risen like ethereum. we are difficult to predict the price movements of digital currencies and everything can happen.
partysaurus
Sr. Member
****
Offline Offline

Activity: 574
Merit: 251


View Profile
May 09, 2019, 04:11:45 AM
 #10

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

I think the main reason is that, people are pulling their assets from Altcoins and dumping it to Bitcoin as it is increasing. When Bitcoin starts to drop, we might see people who will pull out from bitcoin and dump their assets to alts.


Yes saw something very similar to this in 2017 , xrp rocketed and alot of other alts in december right before btc got to its peak and started to drop when ppl where moving btc to alts instead.
Duzter
Sr. Member
****
Offline Offline

Activity: 1008
Merit: 256


Go-Overt, Bitcoin Mixer 2.0


View Profile
May 09, 2019, 04:47:31 AM
 #11

it is because traders only switch to altcoins whenever bitcoin price is stable and they can't make profit from that. so when bitcoin starts being volatile again they immediately come back to bitcoin market and that means dumping altcoins hence the market wide altcoin price drops each time bitcoin price rises or falls.
it is also because everyone is here to accumulate and increase their bitcoin holdings and all the rest (altcoin trading) exists to serve that purpose.
What's been mentioned is clearly getting reflected on the market, price of bitcoin keeps growing and on the other side there needs to be gradual growth with the altcoins. This time we haven't experiencing any form of gradual growth of altcoins along with bitcoin which show the traders dumping altcoins and accumulating bitcoin. The price has grown high to $6000 while ethereum stands close to $170.

.
Bitcoin Mixer
▬▬ www.Go-Overt.com ▬▬
.............CLEARNET..........TORNET............
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄████████████████▀▀█████▄
▄████████████▀▀▀░░░░██████▄
████████▀▀▀░░░▄▀░░░████████
█████▄░░░░░▄█▀░░░░░████████
████████▄█▀░░░░░░█████████
▀████████▌▐░░░░░░░████████▀
▀████████▄██▄░░████████▀
▀█████████████▄███████▀
▀█████████████████▀
▀▀█████████▀▀
OVERT
BOT
▄▄█████████▄▄
▄█████████████████▄
▄███████████████████▄
▄█████▀▀▀▀▀▀▀▀████████▄
▄███████▄░░░▄▄▄▄░░▀███████▄
█████████░░░████░░░████████
█████████░░░░░░░░░▀████████
█████████░░░████░░░░███████
▀███████▀░░░▀▀▀▀░░░▄██████▀
▀█████▄▄▄▄▄▄▄▄▄███████▀
▀███████████████████▀
▀█████████████████▀
▀▀█████████▀▀
ANN
THREAD
|Go-Overt
Powered by JAMBLER.io
CrayjeksAjek
Full Member
***
Offline Offline

Activity: 659
Merit: 100


A Blockchain Mobile Operator With Token Rewards


View Profile
May 09, 2019, 05:00:32 AM
 #12

That true only bitcoin price increasing and all of altcoin still on lower price, I don't know why this season only bitcoin on growing but why not for altcoin still lower price, will be altcoin not allowing of bitcoin price again?

M!R△CLE TELE     BRINGING MAGIC TO THE TELECOM INDUSTRY     JOIN US NOW!
▐▐   40% Biweekly Rewards     ▬▬▬   Calls at €0.2   ▬▬▬     Traffic from €0.01 worldwide   ▌▌
▬▬▬▬▬▬   ANN  Lightpaper  Bounty  Facebook  Twitter  Telegram   ▬▬▬▬▬▬
aylabadia05
Full Member
***
Offline Offline

Activity: 433
Merit: 100


Hawk Network


View Profile
May 09, 2019, 05:14:53 AM
 #13

I myself do not understand the movements of every coin price on the market, but not all altcoins experience it. and there is a possibility that the main reason is clear because the volume moves from altcoin to bitcoin, so the more trading volume on bitcoin will cause an increase in market capitalization in bitcoin, so the price of bitcoin will automatically increase.

vennali
Legendary
*
Offline Offline

Activity: 1610
Merit: 1009

www.Sparrowexchange.com |


View Profile
May 09, 2019, 05:34:44 AM
 #14

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

Its mostly people selling altcoins for bitcoin at these times. Other than that my observation is that whenever Bitcoin increases in price at a really fast pace, it causes altcoins to dump. A slow and steady increase, however causes altcoin prices to rise as well. The worst part is that if bitcoin dumps after going up, then it causes a bigger ripple in the altcoin market, and I have noticed they test newer lows which are even lower than their original prices.

SPARROW
          ███
          ███
          ███     ███
          ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███
          ███     ███
          ███
          ███

  Leading Options Trading Platform

          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███

  Take Control
  Trade Confidently

[/quote]
CBANX2
Newbie
*
Offline Offline

Activity: 41
Merit: 0


View Profile
May 09, 2019, 05:38:57 AM
 #15

Dude its a great news, and now Bitcoin smashes $6,000 glorious figure it will help the enthused to get in the mainstream. It will definitely impact on other cryptos as people again move towards their first love Wink
TIDOVEE
Sr. Member
****
Offline Offline

Activity: 1246
Merit: 255


nvzntoken.com


View Profile
May 09, 2019, 05:44:34 AM
 #16

normally bitcoin has a better position than all other cryptocurrency, where bitcoin struggles to strive others must have been so down to pick, bitcoin leads others follows. one thing i appreciate is that we all have a positive mind of better values for the nearest days.other altcoins too have hope to get better with time.

▄▄▄▄
▄████████▄
▄████████████▄
▄████████████████▄
▄██████████████████▀▀▄
▄████████████████▀▀▄▄█▄▄▄▄
████████████████▀ ▄█████████▄
███████████████▀ ▄████████████
█████████████▀ █████████████▀
▀█████████▀    ▀██▀▄▄ ▀██▀
▀▀████▀        █████
▄██▄▀▀▀▄███▄   ▄█████████▄
█████████████ ▄█████████████▄
████████████▀▄████████████████
▀█████████▀ ▄████████████████▀
▀▀▀▀▀▀▀ ▄████████████████▀
▀████████████████████▀
▀████████████████▀
▀█████████████
▀████████▀▀
 ▀▀▀▀▀
 
.......................
InterfInex

Bill
▄▄▄▄▄▄▄▄▄▄▄▄▄

DeFi

The future of
decentralised finance
 
▄      ▄███▄▄
██▄▄▄ ██████▀
████████████
 ██████████▀
   ███████▀
 ▄█████▀▀


             ▄▄
       ▄▄▄█████
  ▄▄▄███▀▀▄███
▀▀███▀ ▄██████
    █ ███████
     ██▀▀▀███
           ▀▀
 
     ▄▄▄██████▄▄
 ██ █████▀▀▀▀█████▄
 █████▀        ▀▀███
 ███████         ▀███
 ▀▀▀▀▀▀▀          ▀███
▄▄▄
███▄         ▄▄▄▄▄▄▄▄
 ███▄         ▀██████
 ▀███▄▄        ██████
   ▀█████▄▄▄▄█████ ██
     ▀▀▀██████▀▀▀
  SWAP TRADE

ERC20 token into any other ERC20
token and pay a fee of 0.1%





                                         ▄▄▄▄
    ▄▄████▄▄                          ▄███▀███▄
  ██████▀█████                       ▄██▀ ▄  ███
 ████▀     ████                      ████▄▄ ▀███
█████  ▀▀▄▄▄████                     ▀██▄ ▀ ▄██▀
██████▄▄   ▀████                       ▀██████▀
▀███▄  ▀▀  ▄███▀
 ▀████▄  ▄████▀                   ███████████████
   ▀████████▀                     ▀▀▀▀▀▀▀█▀▀▀▀▀▀▀
                                        ▄█▄
 ████████████████      ▄▄▄▄    ▄▄▄▄▄███▀███
 ▀▀▀▀▀▀▀██▀▀▀▀▀▀    ▄▄▄█████▀▀▀▀▀▀
       ▄██▄▄▄▄███▀▀▀▀▀▀▀███▀
       ▀██▀▀          █▄▄▄▄█
                 ▄▄▄▄▄██████▄▄▄▄▄
               ▄██████████████████▄
  LIQUIDITY POOL

Deposit of ERC20 tokens into
the pool and start yield farming
  ███





███
███████████████████████████████

   JOIN NOW

███████████████████████████████
███
  █
  █
  █
  █
  █
███
Kakmakr
Legendary
*
Offline Offline

Activity: 2184
Merit: 1494



View Profile
May 09, 2019, 06:25:09 AM
 #17

Ok, it is actually quite simple to explain. Crypto currency traders know what happened in 2017, when the Bitcoin price started to rise to a all time high and they are now anticipating the same thing happening again. The obvious response from them is to sell some of their Alt coins to invest more into Bitcoin, because they want to be ready when the price goes back to $18 000+.  Wink

I have sold almost 40% of my Alt coins to buy more bitcoins in anticipation of what might happen in the next few months with Bitcoin.  Wink

.
.Duelbits.
            ▄████▄▄
          ▄█████████▄
        ▄█████████████▄
     ▄██████████████████▄
   ▄████▄▄▄█████████▄▄▄███▄
 ▄████▐▀▄▄▀▌████▐▀▄▄▀▌██

 ██████▀▀▀▀███████▀▀▀▀█████

▐████████████■▄▄▄■██████████▀
▐██████████████████████████▀
██████████████████████████▀
▀███████████████████████▀
  ▀███████████████████▀
    ▀███████████████▀
.
         ▄ ▄▄▀▀▀▀▄▄
         ▄▀▀▄      █
         █   ▀▄     █
       ▄█▄     ▀▄   █
      ▄▀ ▀▄      ▀█▀
    ▄▀     ▀█▄▄▄▀▀ ▀
  ▄▀  ▄▀  ▄▀
 ▀▄    ▄▀▀
 ▄▀▀▄▀▀

▀▄▄▄▄▄▄▄▄▄

   ▄▄▀▀▀▀▀▀▀▄▄
 ▄▀ ▄▄▀▀▀▀▀▄▄ ▀▄
▄▀ █ ▄  █  ▄ █ ▀▄
█ █   ▀   ▀   █ █  ▄▄▄
█ ▀▀▀▀▀▀▀▀▀▀▀▀▀ █ █   █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█  █▄█
█ ▀▀█  ▀▀█  ▀▀█ █  █▄█
█  █    █    █  █  █ █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█▀▀█ █
█   ▄▄▄▄▄▄▄▄▄   █▄▄█▄▀
█▄▄▄█▄▄▄▄▄▄▄█▄▄▄█
.
        ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄
        █         ▄▄  █
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄       █
█  ▄▄         █       █
█             █       █
█   ▄▀▀▄▀▀▄   █       █
█   ▀▄   ▄▀   █       █
█     ▀▄▀     █   ▀▀  █
█             █▄▄▄▄▄▄▄▀
█         ▀▀  █
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▀
.
▄▄▀█████▀▄▄
▄▀▀   █████ ▄▄▀▀▄
███▄  ▄█████▄▀▀▄███
██████▀▀     ▀▀██████
█ ▀▀██▀ ▀▄   ▄▀ ▀██▀▀ █
█    █    ███    █    █
█ ▄▄██▄ ▄▀   ▀▄ ▄██▄▄ █
██████▄▄     ▄▄██████
███▀  ▀█████▀  ▀███
▀▄▄   █████   ▄▄▀
▀▀▄█████▄▀▀
.
█▀▀▀▄             ▄▀▀▀█
█ ▀▄ ▀▄         ▄▀ ▄▀ █
▀▄ ▀▄ ▀▄     ▄▀ ▄▀ ▄▀
▀▄ ▀▄ ▀▄  ▀ ▄▀ ▄▀
▀▄ ▀▄ ▀▄ ▀ ▄▀
▄ ▀▄ ▀▄ ▀▄  ▄
█ ▀▄ ▀▄ ▀  ▄▀ █
▄▀▄ ▀▄ ▀ ▄▀ ▄▀▄
▄▀▄▀  ▄▀▄▄█ █▄▄▀▄  ▀▄▀▄
▀▄  ▄▀           ▀▄  ▄▀
▀▄▄▀           ▀▄▄▀
..Play Now..
Wind_FURY
Legendary
*
Offline Offline

Activity: 1652
Merit: 1055


www.Crypto.Games: Multiple coins, multiple games


View Profile
May 09, 2019, 06:37:15 AM
 #18

OP, it may, or may not affect the altcoin market negatively. But currently, it is. Check the chart for Bitcoin's dominance in marketcap in Tradingview labeled "BTC.D". It's 60% and increasing.

I don't believe it means that the altcoin market is "dead", it probably means that it's "Bitcoin season". Cool

▄▄█████████▄▄
▄█████████████████▄
▄████▀▀▀▀█████▀▀▀▀████▄
████▀██████▀█▀██████▀████
██████████████████████████
▐█████▄███████████████▄█████▌
▐███████▄▄█████████▄▄███████▌
▐██████▀█████████████▀██████▌
▐███████████████████████████▌
▀██████████████████████▀
▀████▄████▄▀▀▄████▄████▀
▀███████▀███▀███████▀
▀▀█████████████▀▀
  ▀▀▀▀▀▀▀▀▀
|
★.★.★   8 GAMES   ★   WAGERING CONTEST   ★   JACKPOTS   ★   FAUCET   ★.★.★
  ▄▄▄
▄█ ▄▀█▄
██ ▄▀██
 ▀▄▄█▀
  ▄▄▄
▄█▀ ▀█▄
██   ██
 ▀█▄█▀
  ▄▄▄
▄█▀█▀█▄

 ▀███▀
  ▄▄▄
▄██▀▄█▄
██▀▄███
 ▀▄▄▄▀
  ▄▄▄
▄█ ▄▀█▄
██ █ ██
 ▀▄▄█▀
  ▄▄▄
▄▀▄▄▄▀▄
█▀▀▀▀▄█
 ▀███▀
  ▄▄▄
▄▀   ▀▄
█  █▄ █
 ▀▄██▀
  ▄▄▄
▄█▀ ▀█▄
██   ██
 ▀█▄█▀
  ▄▄▄
▀ █ ▀
▀▀▄▀▀
 ▀▄█▄
  ▄▄▄
▄█ ▄▀█▄
██ ▄▀██
 ▀▄▄█▀
|
Panizza
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile
May 09, 2019, 07:05:38 AM
 #19

Hello, I don't have a lot of knowledge in crypto world so my question may be ridiculous ...

I bought a lot of altcoins when btc was 4000$, from the day back to now bitcoin gained 2000$ and my wallet is almost the same, I also lost money for some alt coins, my question:

Is it possible that this "pumping" Is a wanted behaviour from those who have control on the market? Is it possible that they manually-secretly decreasing altcoins on purpose, for the will of bitcoin? (Excuse my baguette i'm french)
pooya87
Legendary
*
Online Online

Activity: 2184
Merit: 3312


Remember tonight for it's the beginning of forever


View Profile
May 09, 2019, 07:20:31 AM
 #20

it is because traders only switch to altcoins whenever bitcoin price is stable and they can't make profit from that. so when bitcoin starts being volatile again they immediately come back to bitcoin market and that means dumping altcoins hence the market wide altcoin price drops each time bitcoin price rises or falls.
it is also because everyone is here to accumulate and increase their bitcoin holdings and all the rest (altcoin trading) exists to serve that purpose.
What's been mentioned is clearly getting reflected on the market, price of bitcoin keeps growing and on the other side there needs to be gradual growth with the altcoins. This time we haven't experiencing any form of gradual growth of altcoins along with bitcoin which show the traders dumping altcoins and accumulating bitcoin. The price has grown high to $6000 while ethereum stands close to $170.

actually a more accurate observation is the fact that ETH price dropped down to 0.0279BTC as bitcoin price went up.
bitcoin from $5800 to $6000 is 3.4% rise
ETH price from 0.0290BTC to 0.0279BTC is a -3.8% drop.

Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!