what is happening now?

[jazmuzika217]

Let's acxept the fact that people all over the world are support bitcoin more than altcoin so when the bitcoin will have even a small price value increase people will have a quick buying and investing panic to bitcoin and forget about to invest in altcoin. That the real scenario because all we know that butcoin is the top and most progressive coin here in crypto world.

[1714885430]

1714885430

[inoes]

People are cumulating more Bitcoins because on some portals there are predictions that altcoins are going to zero and retailers are selling in a fear.

I do not think that is the reason why people are out of it. Since when people are entrusting all of their money to those media? the only plausible answer for all of this is market flow.
the player wants Bitcoin to reach its ATH again and consolidating its price around that plus pressuring the alts so they can buy it cheaply. I believe most of them already sold their stash back then when we were pumping, so before the pump happens. They are going to get their stash back at a cheap price.

if we look at the price of coins on ATH , Bitcoin = -41.8%, then let's compare it to the Altcoin top of the marketcap which is ETH = -86%, XRP =- 91%, BCH = -92%. it can be said that Bitcoin is indeed more trustworthy than Altcoin ...

Refference:
https://www.coingecko.com/id?view=all_time_high

[ethereumhunter]

What was happening now is we are still at the bear market although bitcoin gives good moves in the market by trying to increase higher, but the altcoin still at the lower price. But we have so many chances to see the cryptocurrency will rise again in the future and we could hope that will happens in this year so we could recover what we lost in a few years ago. Some people are still waiting for the rise of the market, and they still buy more and more altcoin and bitcoin because cryptocurrency will increase higher later.

[Iykecollinz]

It is obvious that there is a trend reversal and what is happening now had happened with btc and etherium around 2016 for whoever that could go back to look the chart, the market is simply responding to situations and it is quite normal, altcoin season will come again but in a different shade and time

[kooboat]

These days, a rise in the price of bitcoin has little or no significance on the altcoins, it seems  the graph of correlation has changed. I have read many articles on this new trend but I have not come across any logical explanation on it. This is killing the confidence of most people who wish to hodl in altcoins.

[thiscomm]

I think this happened because of the bad influence of making new coins that keep popping up. although now bitcoin has gone up but the price of altc is still below, the presence of new coins is very influential on the old altc that is developing. but there are still some altc that are still stabilizing the price, maybe it still goes down but it won't take long. for example their binance has increased slightly although not significantly but it provides a fresh new air for investors who love altc.

[Febo]

hello friend,
in 2017 I was very happy when I saw the price of Bitcoin increase in coinmarketcap because when the price of Bitcoin increases, then the price of Altcoin will immediately increase too, but for now when the price of Bitcoin increases and it does not affect for the prices of Altcoin (even still down), then when the price of Bitcoin goes down and at that time the price of Altcoin will go down too, so I do not understand the current state of the market and what is happening right now.

There is no logic why would coin A value increase just because coin B value increase. Yes a bit is logical but not 100%  I dont really understand your point. A coin has this much value. If another coin makes some breakout that dont my this coin more valuable. Is that not logical?  We are close to economic collapse. People are buying Gold and are buying Bitcoin as a hedge. Why would they go buy dentacoin? Dentacoin usecase is whatever it is. It is not a store of value.

[Rehmanchoudhary5]

It's because the investors are willing to buy btc not alts right now, btc dominance is almost 70%, that means people switched to btc from alts, that's why every alt going down and down.

[Nivia1st]

hello friend,
in 2017 I was very happy when I saw the price of Bitcoin increase in coinmarketcap because when the price of Bitcoin increases, then the price of Altcoin will immediately increase too, but for now when the price of Bitcoin increases and it does not affect for the prices of Altcoin (even still down), then when the price of Bitcoin goes down and at that time the price of Altcoin will go down too, so I do not understand the current state of the market and what is happening right now.

Current market conditions are very different compared to 2017. Even though bitcoin prices have risen, altcoin prices will not increase or some will fall. that means many people who prefer to exchange their altcoin to bitcoin, instead of buying bitcoin with fiat. This is one of the reasons why when bitcoin prices go up there are some red altcoins.

[target]

They're all selling their altcoins and its not going up that usual when BTC goes up as well. Not everyone can hold on to this kind of market, you can already see right now only few signature campaign that pays BTC survives and this I guess is because the bear market seem no yet done. Sell walls after sell walls.

[Lanatsa]

hello friend,
in 2017 I was very happy when I saw the price of Bitcoin increase in coinmarketcap because when the price of Bitcoin increases, then the price of Altcoin will immediately increase too, but for now when the price of Bitcoin increases and it does not affect for the prices of Altcoin (even still down), then when the price of Bitcoin goes down and at that time the price of Altcoin will go down too, so I do not understand the current state of the market and what is happening right now.

Get used to it since this market is never been predictable since the beginning of time.We might able to see it on past years that if BTC price goes up it drags up also the price of altcoins but that's not always the case because it can change from time to time. The reason? No one knows and lets talk about btc dominance at the moment which shows
people are now on btc.We cant predict on when would be the start of alt season.

[kevinzxz]

hello friend,
in 2017 I was very happy when I saw the price of Bitcoin increase in coinmarketcap because when the price of Bitcoin increases, then the price of Altcoin will immediately increase too, but for now when the price of Bitcoin increases and it does not affect for the prices of Altcoin (even still down), then when the price of Bitcoin goes down and at that time the price of Altcoin will go down too, so I do not understand the current state of the market and what is happening right now.

maybe it happens because investors prefer to invest in Bitcoin and believe if investing in Bitcoin is more profitable than investing in Altcoin, it can be seen from BTC dominance that continues to increase, therefore the price of altcoin is not increasing for now, because now investors are more interested to investing in Bitcoin than investing in altcoin, so that's what makes only the price of Bitcoin rising for now.

[Bonwin]

The trend cannot continue as it has always been. Yes, we had a better growth trend for all coins in 2017. Everything seem to EB following suit, until they began to plunge in 2018.
We actual need a system where we will be able to distinguish clearly between god and bad project, which is why we see few coins grow at this time that even bitcoin is growing.
With the new trend, scam projects and coins are easily evicted and they do not last long.

[tippytoes]

The trend cannot continue as it has always been. Yes, we had a better growth trend for all coins in 2017. Everything seem to EB following suit, until they began to plunge in 2018.
We actual need a system where we will be able to distinguish clearly between god and bad project, which is why we see few coins grow at this time that even bitcoin is growing.
With the new trend, scam projects and coins are easily evicted and they do not last long.

You can easily pinpoint potential scam projects as they are giving hints on becoming one. Promising overwhelming targets or if you observe pump and dump scenarios in exchanges. Later on, they will get exhausted of what they are doing, and they will just let their project dies down.

[glendall]

when in 2017, at that time the BTC dominance was below 50%, whereas today the BTC dominance is above 70%, so it is very natural that this year is different from 2017,
but according to the chart analysis news, BTC dominance will definitely go down and when it starts, alt seoson will occur.
the time is uncertain, but between the end of 2019 or 2020.

[Periodik]

hello friend,
in 2017 I was very happy when I saw the price of Bitcoin increase in coinmarketcap because when the price of Bitcoin increases, then the price of Altcoin will immediately increase too, but for now when the price of Bitcoin increases and it does not affect for the prices of Altcoin (even still down), then when the price of Bitcoin goes down and at that time the price of Altcoin will go down too, so I do not understand the current state of the market and what is happening right now.

Do not dwell on the 2017 bull pump too much. It seems to have become the only basis for the rest of the increases and decreases of prices. It was a single instance that might not have anything to do with the succeeding changes in price. If you are going to wait for a 2017-like bull pump, you'll soon grow frustrated. The state of the market has been very normal these days. There is no sudden drop. This is good enough already.

[Iyeman]

It caused by the bitcoin holders less interesting to converting their bitcoin to the altcoin and only some percentages of total bitcoin holders are moving their bitcoin to the altcoin.
That creates a different condition with 2017 when the bitcoin holders have massively converted their bitcoin to the altcoin.
Altcoin still has the same potential as 2017 but it looks like bitcoin holders are having different thing.

[kynaz]

1. Realities that occur Altcoin do not follow the price of bitcoin
 2. Investors are more interested in buying bitcoin, 80% of bitcoin dominates the market
 3. Altcoin nowadays Many are scams so investors are traumatized and divert investments to bitcoin
 4. Only Altcoin has a large community that is often pumped

Investors are now very careful in investing so only good projects get great attention from people. I often observe the volatility of all altcoin in this market and the top 200 coins in CMC always have very good trading volume so there is usually no big drop so altcoin investment is now very good for long term because the current price is very cheap and certain that the market will soon return in 2020

[Maxre]

what happens nowadays people don't really believe in altcoin like 2017, there is fear from some people to invest because the number of FUDs in circulation and altcoin that is not strong will die, in contrast to bitcoin which can always rise from outstanding FUDs.

[cliber]

Like you, I'm also very confused by current market conditions. I really want the situation like what happened in 2017 to be repeated, at least early next year. One of the causes of the current market situation, maybe because of too many unclear coins.