only the price of Bitcoin is increasing?

[playboy654]

The mindset will definitely change in the investors side when the Bitcoin is developed the definitely search the other type of investment at the time the possibility of investment with the other good currencies are available so definitely it will helpful for the development of other investments also.

[otong]

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.

in my opinion the development of the crypto currency depends on the investors themselves so to ensure the development of crypto currencies no one can be sure if bitcoin is experiencing an increase because many investors still believe in bitcoin

[akram143]

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?

mostly when the Bull Run will very very helpful for the development of Bitcoin more than other investment that's why this type of thoughts will came to our mind but the development of Bitcoin will very helpful for the other investment like the people wants to take the chance after the investment of Bitcoin then the development is possible for other investments also.

[mersal]

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?

definitely the development of Bitcoin is happening now but I don't know how it will affect the other investment also because it will not depends on anything so that development is also be huge only for Bitcoin but definitely people thoughts were changed about the cryptocurrency field if it was developed.

[BitUsher]

Here is one reason people are selling their altcoins for Bitcoin

Fidelity announced institutional support for BTC buyers in a few weeks and the market is selling their alts to ride that bull market .

Past bull markets were spurred by retail investors using exchanges that supported many altcoins as well, and Fidelity will only support BTC

Institutional investors will only be buying Bitcoin. This bull market will be different than past bull markets

[shinratensei_]

Because altcoin owners turn to btc. They want to earn extra profit by selling their acquired altcoins against btc. In such cases, btc first moves forward, then altcoins follow.

that looks similar to 2017's movement. I have faith in my bitcoin and im too late to convert all of my altcoin to the bitcoin. it looks like the market is having a lot of support from the latest news. More big companies, stock market, and governments are starting to put their attention in the cryptocurrency too.
In a few years and the price of bitcoin will grow a lot. Im ready to get on the train. Altcoin will follow after bitcoin has done with its pump.

[Caladonian]

Because altcoin owners turn to btc. They want to earn extra profit by selling their acquired altcoins against btc. In such cases, btc first moves forward, then altcoins follow.

that looks similar to 2017's movement. I have faith in my bitcoin and im too late to convert all of my altcoin to the bitcoin. it looks like the market is having a lot of support from the latest news. More big companies, stock market, and governments are starting to put their attention in the cryptocurrency too.
In a few years and the price of bitcoin will grow a lot. Im ready to get on the train. Altcoin will follow after bitcoin has done with its pump.

The movement is really have something in common with last 2017 pumped, slow in terms of big growth but much better than a pure hype without any supporting grounds, if you research well then you can have the confidence to buy more and hold, waiting for the market to be fully uptrends movements.

This is just a temporary situations inside the Alts community, bitcoin is just starting and after that alts will follow.

[edisystem]

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'm also confuse, usually altcoins price will follow the bitcoin increase. When it increased then altcoin will increase too but it's not right now.

I don't know what happen but it's still a good news for bitcoin, maybe this is the time for bullish run market and i hope altcoin will increase too.

[sunsilk]

Bitcoin dominance has grown to 58% and understanding that, most of the volumes now are flowing in to bitcoin which results that alts are being sold for it. We've been attached to that scene that whenever bitcoin pops up, alts should follow.

But today is different, while most of the alts stumble, bitcoin is flying high. This may take for a longer time but there will be time that alts will grow up and it's just a matter of time so if you are worrying with your alts value, choose to sell it for bitcoin or hold.

[jerry0]

Did this happen previously?  Back then it use to but not anymore.

[cepot9]

today bitcoin has reached $ 6300 and several altcoins a few days ago did not keep up with the increase but experienced a decline but today all are starting to stabilize and follow the movements of bitcoin, ethereum and other tokens also have followed bitcoin.

[sanida]

This is alarming for some of the people who are not holding Bitcoins, when they only hodling some shit coins this sudden bitcoin price hike will lose their hair in no time. that's why you need to have some good knowledge about speculating crypto currency prices because if you mess up like this you will not get any profit from your holding and the worse part is you will not recover your loss.

[arpon11]

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.

Outside tether and some other few coins,  I don't think that people are pulling out of altcoin to bitcoin.  As at this 7 am that I checked prices the market capitalization has add around 2 billions dollars since yesterday night and this funds came from fiat currency.  It is good we understand that we are in bullish sentiment and people are jumping into the market from fiat community.  I think other coins are going to benefit from the bitcoin when bitcoin started to make some corrections on it ways up.

[herfie.chen]

Today's very surprising, Bitcoin price rise 3,54% and the prices touch $6300. However this increase was not followed by some altcoins. I think this is good trend and i hope this is sign of bull.

[maydna]

Today's very surprising, Bitcoin price rise 3,54% and the prices touch $6300. However this increase was not followed by some altcoins. I think this is good trend and i hope this is sign of bull.

That is why we cannot predict what will happen with the cryptocurrency later. Perhaps, we already saw when bitcoin price increase, some altcoin has following to increase too but this time was different. The increasing of bitcoin price just push the altcoin to go down and many of them still going down until now.

But I still optimistic that the altcoin will be back to increase and will follow bitcoin price. We need to be patient for a while, and perhaps, we need to let bitcoin price increase to a new price level, and then, the altcoin will start to increase and break the higher price. Although we don't know the right time to see the price increase, we could prepare by buying more bitcoin and altcoin if we want so we can make more profit later.

[Sonix]

Any possibility of bitcoin rising above 20k?

[ricardobs]

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 price for bitcoins will surely affect the price for all other altcoins. If we see now, as the price has already reached $6000 there are a number of peoples who would sell their altcoins to contribute towards bitcoins and hold bitcoins in these bull markets. This will actually make the price for other altcoins go down as there will be more sell orders then buy orders but it could be expected vice-versa soon when the price for bitcoins will settle on the peak. Once the price for bitcoins is on the peak and more stable then peoples would again start putting their money into the altcoins which will then make the price for altcoins go up.

[pey]

It does not matte at all... If it is the start of another bull run, the sooner or later most coins will rise. If you sell for btc just because of that, you may make a loss.

[izanagi narukami]

AFAIK, most value depend on supply and demand.
But when bitcoin increase most alt will remain same or decrease because they are adjust their value for crypto.
So if alt also increase, it means the demand also increase like bitcoin at the moment !

[d1ceplayer]

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.

Prices would not drop if peoples started to move their BTC into Altcoins. This might hike up the prices for the altcoins. We have already went through a bull market in 2017 so we could expect the same to go on with this year too. There are some similarities which bitcoins are been showing us exactly same as they did in the early 2017 before the price for bitcoins crossed $15000.

The graphs slowly and steadily started growing which would feel more peoples attracted towards bitcoins and would invest in here. Usually, if bitcoins go on the peak then it would also take all major altcoins which majorly depend on bitcoins along with it and so did the XRP last time.