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BitMaxz
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Playbet.io - Crypto Casino and Sportsbook
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May 11, 2019, 11:41:14 PM |
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It means that all crypto listed on top 100 is in a bullish trend that is why all coins there are increasing except for USDT and other stable coins because most of the trader use those stable coin and transfer back to bitcoin to make sure they don't miss the profit while the price is increasing.
However, there are still many altcoins are keep dropping while bitcoin keeps increasing I don't see any reason or news why the price of bitcoin is increasing but I think it is in recovering state and possible $7,000 is another level.
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btc_angela
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May 12, 2019, 02:32:32 AM |
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It means that all crypto listed on top 100 is in a bullish trend that is why all coins there are increasing except for USDT and other stable coins because most of the trader use those stable coin and transfer back to bitcoin to make sure they don't miss the profit while the price is increasing.
Correct, those who have been using stable coins as a leverage are coming out and pouring it all in bitcoin market. However, there are still many altcoins are keep dropping while bitcoin keeps increasing I don't see any reason or news why the price of bitcoin is increasing but I think it is in recovering state and possible $7,000 is another level.
Bitcoin above $7k now, some major alts are also being pump from 10% to more than 30%. |
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pooya87
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Crypto Swap Exchange
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May 12, 2019, 02:48:04 AM |
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when bitcoin rises, all the altcoins get dumped but they don't get dumped equal amount to bitcoin's rise. for example if bitcoin goes up 10% they do't go down -10% instead they go down something like -8% so that 2% difference shows itself up in their fiat value as a "positive rise" creating the illusion that they were rising. at the top, change the coin from USD to BTC and you will see what is really going on in the market. LOL ONLY "USD COIN" and "TrueUSD" RED
they are not red! they are stable. but because their price comes from a market not a shop, and in a market there is bids and sells at different prices, sometimes the website gets the last price as $0.99 and reports it "red" and sometimes it gets it as 1.00001 and reports it green! |
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TimeBits (OP)
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May 12, 2019, 02:53:13 AM |
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when bitcoin rises, all the altcoins get dumped but they don't get dumped equal amount to bitcoin's rise. for example if bitcoin goes up 10% they do't go down -10% instead they go down something like -8% so that 2% difference shows itself up in their fiat value as a "positive rise" creating the illusion that they were rising. at the top, change the coin from USD to BTC and you will see what is really going on in the market. LOL ONLY "USD COIN" and "TrueUSD" RED
they are not red! they are stable. but because their price comes from a market not a shop, and in a market there is bids and sells at different prices, sometimes the website gets the last price as $0.99 and reports it "red" and sometimes it gets it as 1.00001 and reports it green! oh ok, well "real" u$d, red, $lave $cam blood money. |
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xvids
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May 12, 2019, 05:51:04 AM |
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The crypto market is being pump now seem's like we are having batch of new money in the market , And for me it is because of the bull run the new investors are entering and those stable coins are being left behind , And it seem's like Bitcoin isn't the only crypto that is being pump now the market is being pump up right now. |
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Fabienne_ayy
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May 12, 2019, 06:01:25 AM |
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All coins going red now are stable coins
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davis196
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May 12, 2019, 06:11:53 AM |
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What do you mean by "fiat price"?There's no such term as fiat price.There's only fiat money. Do you mean the USD/EUR price of bitcoin? Anyway,the so called "stable coins" is sooner or later disappear and their creators will cashout a lot of money. Their fiat reserves(if they really have such reserves) are going to decrease a lot,because everyone will be buying btc and altcoins. |
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fiulpro
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May 12, 2019, 06:23:00 AM |
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The thing is , simply all the cryptocurrencies are rising but the ones that are not that popular , the traders are trading them with the popular ones so that they will be able to gain more profit. Sometimes the sole reason of keeping non famous alts is :- Maybe it will sore like Bitcoins Maybe it will be a good trading pair for Bitcoins at the time of need Most traders are realizing the fact that they need to climb this bullish run , therefore they are doing this right now so those pairs are falling also it's more like  the more people encash the more the price will go down and the more people will encash 😐🙌 |
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Haunebu
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May 12, 2019, 06:36:01 AM |
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What do you mean by "fiat price"?There's no such term as fiat price.There's only fiat money. Do you mean the USD/EUR price of bitcoin? Anyway,the so called "stable coins" is sooner or later disappear and their creators will cashout a lot of money. Their fiat reserves(if they really have such reserves) are going to decrease a lot,because everyone will be buying btc and altcoins. I don't think so. Stable coins do have their own advantages making them useful in bull and bear markets which is why they won't disappear anytime inspite of the controversies they get embroiled in regularly. For example, Tether is still in the top 10 of CMC rankings despite being hit by a controversy recently. |
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sheenshane
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May 12, 2019, 07:57:16 AM |
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What is going on here?
Alright, I guess it is the beginning, we had a 10% rise that is not a joke. I still remember the days where the bitcoin rise in the year of 2017. It actually started like this. Day by day, bitcoin's price went up by 10%, Sounds like we are now on FOMO, right? I hope the bull run will happen soon(actually we are facing now but it's too early to conclude). The trading platforms are also one of the reasons why it pumps since as I can see, their strategies are working now. |
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KennyR
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May 12, 2019, 08:16:21 AM |
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If USD and TUSD weren't made to be a stable coin now that could also got indicted green. The real growth is getting ignited. Price of bitcoin has touched the $7500, and following it's growth I expect the price of other altcoins other than bitcoin to show much bigger growth in comparison to bitcoin. Now itself with people holding decent sum of cryptocurrency get into fear of missing out. |
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Jeborn
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May 12, 2019, 12:02:37 PM |
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Stable coins are being dispensed into the market. Tether and other stable Coins have been a safe haven for trader in the bearish market. Everywhere you look now is bullish I think its a normal phenomenon to dump it for bitcoin now
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Pursuer
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Where is my ring of blades...
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May 12, 2019, 01:03:23 PM |
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Stable coins are being dispensed into the market. Tether and other stable Coins have been a safe haven for trader in the bearish market. Everywhere you look now is bullish I think its a normal phenomenon to dump it for bitcoin now
first of all if you dump an stable coin for bitcoin, its price will NOT reduce against USD and that is what OP is looking at. secondly Tether and others have never been "safe haven" for traders. specially lately that the shadiness of Bitfinex has been becoming more apparent to people and the risks were showing themselves. if anything people are dumping their altcoin bags to come to bitcoin since the altcoin prices are decreasing against bitcoin. |
Only Bitcoin
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Crypto Girl
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May 12, 2019, 01:37:49 PM |
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specially lately that the shadiness of Bitfinex has been becoming more apparent to people and the risks were showing themselves. if anything people are dumping their altcoin bags to come to bitcoin since the altcoin prices are decreasing against bitcoin.
Apparently that was suddenly made a move to bitcoin and little did I know there's a surge in the price. I feel like I bag the jackpot.  However; secondly Tether and others have never been "safe haven" for traders.
Yet I disagree because it's still safe for me despite of everything especially when I feel that bitcoin will dump. Idk but I don't see any stable coins that's close to tether. |
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Ailmand
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May 12, 2019, 03:24:44 PM |
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Well, the hype is real, bitcoin price is starting to recover and no doubt that it is bringing some altcoins with them since most of the altcoin is paired with bitcoin. Well, if look at the recent price chart the bull-market started at the same manner, let's just hope this will be the start.
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r1s2g3
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I am alive but in hibernation.
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May 12, 2019, 03:33:44 PM |
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I will say that range of $6000 to $7000 is some kind of fair price range for BTC but another pump can be expected too.
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I am alive
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Genemind
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May 12, 2019, 03:52:45 PM |
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Bitcoin's price is pumping and most investors and switching their altcoins to Bitcoins and some potential coins.
There would be series of dumping because of the changes in the market. Most coins depend on bitcoin's price but they couldn't go and rise like it.
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YuginKadoya
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May 12, 2019, 04:11:59 PM |
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What do you expect with stable coins? Their exchange is base on fiat currency and that is why when bitcoin get a bullish movement it went poof and become very stable, But still regards to the people who invested in these kinds of coins, They never know what they have missed investing in the true cryptocurrency, I don't expect much with these kind of coins even though they are not necessarily centralized, And since there may be a network of decentralized vaults and commodity holders, rather than a controlling centralized body.
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Carrelmae10
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May 28, 2019, 06:16:43 PM |
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..its an indicator that red coins are stable..and thus,,crypto coins listed on it will going to have a volatile value,unevitable way on the price hike and down of each coins,thus,if Bitcoin will going to have also a stable price,well and good for those early investors for they profit much..but for those who aims to have bitcoins and buy with its current price now,maybe theey'll need to be more effecient in waiting for iys price to reach its peak.. |
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