Btc dump. It is time for some alts to recover against BTC

[ONEnergy]

Majority of altcoin should gain against BTC in the coming week. After consilidation, it will be BTC turn again to reach ATH + level and then cycle should repeat for the real alt season.

[davinchi]

I think altcoins are having a bit of trouble getting new money into them and that seems to be their biggest problem for now. I mean not that many people want to buy ethereum for example, they want to buy bitcoin or they do not want to be in crypto but the amount of people who want to directly go into eth is not really that much. It drops the price of ethereum of course because there are sellers but not that many buyers, the people who buy ethereum are the traders and already investing people but "new" people are nowhere to be found.

If we can find a reason for people to go back on altcoins then the price may increase again but until then there seems to be no way for altcoins to recover for now. That ethereum example was just an example, same applies to all altcoins of course.

[pawanjain]

We are done already in the bearish trend it's time for the bullish trend this year.

You never know mate. Nobody has seen the future. Hence the probability is 50 - 50.

Although the price of Bitcoin yesterday dropped to $9.3k but thankfully it just started to rise a little at $9.8k this time.
This might be another correction of the price again but didn't expect the price to go down at this point.

We can see that it has further increased to a price of $10.5k. It's currently going sideways. It's hard to say whether it will go upwards or downwards from this point.

And why is that someone still believes in XRP even though they know already that it is a centralized currency?

Lol  . It's bound to disrupt in the future. No matter how hard the XRP developers try to promote XRP shit, it's never gonna turn them into a fortune.
Besides that, now since the Libra coin is going to be released, it's gonna be way tough for XRP to stand a chance to compete against Libra.
Although Libra is again a centralized currency, it can beat XRP as it has a wide area of support.

[bitgolden]

I do not understand what the alts are waiting for at all. When bitcoin goes up they go down because bitcoin is going up and their worth are pegged to dollar instead of bitcoin so their dollar value is either same or a bit less while their bitcoin value goes down a lot.

When bitcoin goes down they go down with it in dollar value as well for some reason while keeping the bitcoin value same. So with this logic whatever happens to bitcoin the eventual outcome is altcoins going down in price, what are they going to fall to zero dollars? That doesn't happen neither, sometimes all of a sudden out of nowhere altcoin prices start to go up, it is not because btc went up or down, it just happens without any reasoning at all. It is really hard to predict these things overall.

I do not think they will go to zero, you are only looking at it from the perspective of coins that are below top 100, what of the coins within the top 100, they are the ones that really have use case, and virtually all of those coins respond to bitcoin when it increases, same as they respond also when they decrease in value.

Remember also, that there is a time called altcoins seasons, and this is the time that most altcoins usually surge in price, although they all still depend on bitcoin too, because bitcoin will have to consolidate first before altcoins can start having their own bull run, and most of these altcoins that seems to you like they are zeroing will surely pick up, I think this should be best time to add some altcoins to our basket, especially ones that are still within the top 50 coins in the market.

[pundit]

I am seeing btc can dump to as low as $7700 level. I think it is not the end of BTC bull run but as BTC dominance so high and alts bleeding from January against BTC i think it is time now for some alts to recover.

XRP went down from 10000 sat to as low as 2800 sat. My bet goes to XRP this time and i think can recover to 4500 - 6000 sat area.

I am in the same boat.XRP value may increase in a short time, there is no decrease in value  & volume of XRP trading, still its in top 5 places. BTC and ETH have good growth in bull market but due their high coin values its a bit difficult for anyone to take decision on XRP or XLm investment.
I must say keep holding your coins, good time is there on the calendar, do not worry you will get desired value of your coins.

[slaman29]

Actually that's how altcoins and bitcoin behaves along the way as price continued to fluctuate during each and every price rally. If it's time for the alts to recover at certain value, then it's time for buyers who have long term trading goals to take actions and shouldn't miss it.

It's generally how they behave, that's true, but it's not always the case in the past. I'm sure many will remember the so called flippening for Eth, that of course just never happened. There will be some time again I'm sure for alts to move ahead of Bitcoin, but that will always be temporary and rare in between btc rises.

[davis196]

I am seeing btc can dump to as low as $7700 level. I think it is not the end of BTC bull run but as BTC dominance so high and alts bleeding from January against BTC i think it is time now for some alts to recover.

XRP went down from 10000 sat to as low as 2800 sat. My bet goes to XRP this time and i think can recover to 4500 - 6000 sat area.

You posted this on July 17.Four days later and BTC is around 10,520 USD.Your short term prediction was wrong,OP.
How can altcoins recovers if 99% of them are just lame bitcoin clones and most of them usually follow the bitcoin price movements.If bitcoin goes down,altcoins will go down as well.Last year,some altcoins were pumped,while bitcoin was in a bear trend,but that was mostly a crypto whale manipulation and it won't happen again anytime soon.

[Cherylstar86]

Actually that's how altcoins and bitcoin behaves along the way as price continued to fluctuate during each and every price rally. If it's time for the alts to recover at certain value, then it's time for buyers who have long term trading goals to take actions and shouldn't miss it.

It's generally how they behave, that's true, but it's not always the case in the past. I'm sure many will remember the so called flippening for Eth, that of course just never happened. There will be some time again I'm sure for alts to move ahead of Bitcoin, but that will always be temporary and rare in between btc rises.

I don't generally feel that the estimation of certain alts bridge with bitcoin, on the grounds that we know about the extraordinary tittle of bitcoin that stands as the main resource among monetary forms. In any case, there is immense of propensity that altcoins will develop accomodately.

[pundit]

I am seeing btc can dump to as low as $7700 level. I think it is not the end of BTC bull run but as BTC dominance so high and alts bleeding from January against BTC i think it is time now for some alts to recover.

XRP went down from 10000 sat to as low as 2800 sat. My bet goes to XRP this time and i think can recover to 4500 - 6000 sat area.

I agreed and I am also holding some XRP as its undervalued as of now. As some member here in this thread and as well on this forum are advising not to go for XRP due to its centralize nature but I think its good for some short term investment, even long term profit cannot be ruled out. If XRP is adopted by bigger banks for international transactions then its value may rise like anything. Banking systems are yet to adopt blockchain technologies, once banking systems around the world realize the power of blockchain, coins like XRP will shoot to moon.

[1Referee]

Yeah the high dominance of btc causing the alt coin hard to recover, but the alt will have difficulty to rise if the btc dropping too fast, but I think soon btc will rise again and making the alt price going down, the setback is just temporary the support of btc still high

Altcoin prices in USD will keep rising as long as Bitcoin does, so that's what people should be going for. If you convert your precious Bitcoins to altcoins you will pay the price for it. Thinking that altcoins have suffered a lot already and that they can't go down further is pure bs. Altcoins can and will very likely go down more against Bitcoin.

People hoping for an altcoin season to save them are going to be really disappointed (much more so than they are already). You need to find specific exotic altcoins to pump, but which ones, and what is the criteria making altcoin X or Y a "good" choice? Gambling is the name of the game. Luck is what you need with how altcoins suck in the fundamental value department.

[sgenuine]

Actually that's how altcoins and bitcoin behaves along the way as price continued to fluctuate during each and every price rally. If it's time for the alts to recover at certain value, then it's time for buyers who have long term trading goals to take actions and shouldn't miss it.

The behavior of altcoins is very odd now. They seem not to depend so great on Bitcoin.

On the other hand, they are waving stronger than before, and these fluctuations have become visible - some tokens can add/lose up to 20% in less than a decade. I guess if a day trader has a bunch of altcoins in his portfolio and he is also a very experienced guy in this field, now, this is a very good period for making money.

[Golstrim]

You're absolutely right. Altcoins will recover finally. So if you have some btc, better turn them into altcoins , like top 10-100 . It will increase your fortune

[Maslate]

I am seeing btc can dump to as low as $7700 level.

I don't think this is a possible guess because btc is on bull area at this time. It might drop just as it did yesterday and to few hours back but at the moment, it is picking up again heading for another sharp run.

We can't be sure that it won't be dropping hard and it possible to be since we have it early this year reaching $4k and below. The assurance that Bitcoin price will be picking up at its high again is soo thin.
Any speculations we have now is not really at very near to what is possible to happen cause we understand its volatility features and have to accept it.

[silversurfer1958]

I am seeing btc can dump to as low as $7700 level. I think it is not the end of BTC bull run but as BTC dominance so high and alts bleeding from January against BTC i think it is time now for some alts to recover.

XRP went down from 10000 sat to as low as 2800 sat. My bet goes to XRP this time and i think can recover to 4500 - 6000 sat area.

I really don't think XRP will pump at this stage. It is one of the top alts but it is not a technology enterprise that is devoting much to the crypto market.
it is only a centralized system and is considered a big bank in crypto. The growth will not be comparable to other technology alts such as ETH, EOS, and Monero.
Don't buy it just because XRP has many fans and they always fomo.

[sana54210]

Majority of altcoin should gain against BTC in the coming week. After consilidation, it will be BTC turn again to reach ATH + level and then cycle should repeat for the real alt season.

So what is you base for categorically telling people bitcoin will consolidate next week, because I have still not see any sign of bitcoin consolidating yet, although I know that within this year, bitcoin must consolidate, but I still expect some increase in bitcoin first, before it starts to go sideways, my forecast is that bitcoin will increase to $15000 first, then correct a little bit before bitcoin would start consolidating.

Anyway, the coming week is almost here, and then we can see if you are a great predictors or not. i have already prepared for the altcoins season long time ago because I have filled my portfolio already with some coins I know  should at least do 10x in the coming bull run, so I am all set and anytime the altcoins season wants to come, it is absolutely free to come.

[TopT3ns]

I am seeing btc can dump to as low as $7700 level. I think it is not the end of BTC bull run but as BTC dominance so high and alts bleeding from January against BTC i think it is time now for some alts to recover.

XRP went down from 10000 sat to as low as 2800 sat. My bet goes to XRP this time and i think can recover to 4500 - 6000 sat area.

If pick good alts maybe it can recover when bitcoin price dump. But i think XRP is not a bad coin to pick. Because it have a lot of supporters, maybe my choice after ETH and XLM lumens. Or maybe pick Litecoin is good too.

[jrrsparkles]

I am seeing btc can dump to as low as $7700 level. I think it is not the end of BTC bull run but as BTC dominance so high and alts bleeding from January against BTC i think it is time now for some alts to recover.

XRP went down from 10000 sat to as low as 2800 sat. My bet goes to XRP this time and i think can recover to 4500 - 6000 sat area.

It could be one of the bad deicision you ever made,atleast you sell them at 10000 ssats to gain some profits now everything is out of hand I guess but still XRP is not going for zero in the near end so you can wait for the recovery and immediately sell when it gets the decent price.

[stadus]

I am seeing btc can dump to as low as $7700 level. I think it is not the end of BTC bull run but as BTC dominance so high and alts bleeding from January against BTC i think it is time now for some alts to recover.

XRP went down from 10000 sat to as low as 2800 sat. My bet goes to XRP this time and i think can recover to 4500 - 6000 sat area.

If pick good alts maybe it can recover when bitcoin price dump. But i think XRP is not a bad coin to pick. Because it have a lot of supporters, maybe my choice after ETH and XLM lumens. Or maybe pick Litecoin is good too.

All the coins you stated are good coins, you can buy it now as they are cheap actually but you also have to put in mind that they need time to grow, and that timing could possibly come when bitcoin is doing better rising and reaching a new ATH.

[TopT3ns]

I am seeing btc can dump to as low as $7700 level. I think it is not the end of BTC bull run but as BTC dominance so high and alts bleeding from January against BTC i think it is time now for some alts to recover.

XRP went down from 10000 sat to as low as 2800 sat. My bet goes to XRP this time and i think can recover to 4500 - 6000 sat area.

If pick good alts maybe it can recover when bitcoin price dump. But i think XRP is not a bad coin to pick. Because it have a lot of supporters, maybe my choice after ETH and XLM lumens. Or maybe pick Litecoin is good too.

All the coins you stated are good coins, you can buy it now as they are cheap actually but you also have to put in mind that they need time to grow, and that timing could possibly come when bitcoin is doing better rising and reaching a new ATH.

I think for an investment, no matter about time as long it can give us profit we should wait for it. Investment itself actually something that need to be done in long term and for me, if in short time maybe i will call it trading activity.

[barbara44]

I am seeing btc can dump to as low as $7700 level. I think it is not the end of BTC bull run but as BTC dominance so high and alts bleeding from January against BTC i think it is time now for some alts to recover.

XRP went down from 10000 sat to as low as 2800 sat. My bet goes to XRP this time and i think can recover to 4500 - 6000 sat area.

I really don't think XRP will pump at this stage. It is one of the top alts but it is not a technology enterprise that is devoting much to the crypto market.
it is only a centralized system and is considered a big bank in crypto. The growth will not be comparable to other technology alts such as ETH, EOS, and Monero.
Don't buy it just because XRP has many fans and they always fomo.

I still really do not understand the technology of ripple and what its community is really using it for, that is if they have any community at all, because their activities in quite strange to me, just recently, barely some weeks back, Litecoin was almost topping ripple and displacing it off its position, because the market cap was almost same, but check ripple now, you will see that the market cap has already doubled that of Litecoin and yet their value still remain the same.

Litecoin that only increased slightly has even added to its value, which means people are just deceiving themselves thinking ripple is an investment coin, ripple is more like just a stable coin, and it will shock its investors how the altcoins season will come, step up other coin and still will not have any effect on ripple.