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Author Topic: what is happening now?  (Read 6418 times)
Handsome Boy
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August 09, 2019, 11:04:21 PM
 #1

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.

Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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August 10, 2019, 01:17:50 AM
 #2

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August 10, 2019, 01:28:44 AM
 #3

tether

Yes. Most people are into bitcoin as a way of investment. An investment that yields more than stocks or gold. They no nothing excpet bitcoin.
Like the user above stated, they used to sell bitcoin to buy alts when the prices of bitcoin started to decrease and buy back when it stated to increase but with the introduction of stablecoin, people find it easier and safer to convert their bitcoin value to stable fiat value.

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August 10, 2019, 02:52:31 AM
 #4

This time the fundamental of the altcoin depends on its product and bitcoin gives a little impact to the price of altcoin. As far as i know, this time the domination of bitcoin is increasing a lot. Because the investors become even smarter and they are holding the majority of their funds in the bitcoin form. Altcoin needs a lot of updates to make FOMO and the bull trend of bitcoin doesn't matter a lot.

 
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August 10, 2019, 04:00:32 AM
 #5

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

Nope, actually at the first when bitcoin was pumping to $19,000 the bitcoin dominance is also increasing and altcoins are bleeding. Just after bitcoin price has corrected until $15,000 but the entire crypto market cap is still increasing, then the altcoins are starting to pump and the alt season starts.

The current condition is still the same, but why the btc dominance is bigger than last time in 2017? Because everyone has started to realize that altcoins are full of bullshits.
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August 10, 2019, 09:48:32 AM
 #6

Right now the market cycle is changing. During 2018 everything was falling down until we reached the bottom by 3k per BTC. Science than the market is recovering and we are waiting for another big announcement that would push the market further.

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August 10, 2019, 09:53:08 AM
 #7

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.

what you don't understand is the relationship that altcion had with bitcoin in 2017 not now. the relationship was EXACTLY the same as today.
when bitcoin rises. they get dumped.
when bitcoin drops. they get dumped.
when bitcoin stabilizes they get pumped.

this little relationship has not changed for many years. of course there is exceptions in some cases when they get pumped on their own no matter what bitcoin is doing.

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August 10, 2019, 10:03:15 AM
 #8

Understanding the movement of bitcoin and its relation to altcoin isn't really confusing. There were times that its relation has been impacting positively and alts just follow the lead wherever bitcoin shoots.
But at these times, the price of alts and bitcoin didn't go along. The price for bitcoin is positive and the alts are negative, this makes many investors confuse about its relation. Soon, it will stabilize and both will move together.

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August 10, 2019, 10:10:14 AM
 #9

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.
In 2017 there weren't so many ICOs, and after altcoin get pumped in 2018, people start to launch shitty ICOs and most of them were scam. That's why people don't interested to invest in altcoin and focusing their investment to bitcoin instead of altcoin. (You can see how big btc dominance now)

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August 10, 2019, 10:18:51 AM
 #10

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.

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August 10, 2019, 12:18:13 PM
 #11

I guess that investors already woke up with the reality that Bitcoin will always get them the profits they wanted and its gonna be difficult achieving that in altcoins. Though there are altcoins that are proving to go on an upward trend because of them having an actual user base of millions within their network. It's always great to see coins being independent and not rely on Bitcoin anymore for their growth.
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August 10, 2019, 12:25:31 PM
 #12

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.
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August 10, 2019, 12:26:54 PM
 #13

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.
You are wrong,when last bullrun happened altcoins dont increase instantly,it takes few weeks before altcoins start surging in price and dont compare the present market surge with last bullrun of 2017.
Last bullrun was driven by HYPE but this present bullrun isnt drive by hype,adoption is what will make bitcoin keep surging in value and gone are the days when you can hold shitcoins for profits,if you try that you will end up with nothing

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August 10, 2019, 12:31:11 PM
 #14

yes I see bitcoin dominating the crypto market and some altcoins are falling in price. well maybe this is caused because of the many requests for bitcoin. Moreover, many claim positive things about bitcoin and maybe this is the effect that is making bitcoin prices go up.

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August 10, 2019, 12:36:45 PM
 #15

Bitcoin market dominance increased periodically and recently touched 70%. Some people think altcoin season will never come again as many big news center around bitcoin. The reason why bitcoin price goes up while most altcoins dip is because BTC value for altcoins drop when people sell their altcoins for BTC, and then drops further when there is a drop in BTC dollar value. Altcoin holders should just be patient since some altcoins still soar in price with good FA and those with good project development will be profitable in the long run.
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August 10, 2019, 12:51:03 PM
 #16

This can be seen from past experience. When the BTC rose, people like to convert the altcoin into bitcoin. When BTC prices fall, people like to convert cryptocurrencies into stable currencies. I like other cryptocurrencies when the currency is sideways.

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August 10, 2019, 01:33:44 PM
 #17

It seems bitcoin is becoming mainstreamed. The great coin has shared more than double of the total market capitalization, and its popularity has increased lately. The US's latest concern over Facebook's Libra has also fueled its popularity. Mr President also talked about bitcoin in his remark on Libra.   

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August 10, 2019, 01:46:41 PM
 #18

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.
not all altcoin can be influenced by bitcoin. which must be understood that the cryptro is fluctuating where prices can change significantly at any time. and many countries prohibit the presence of bitcoin so that it affects the market.

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August 10, 2019, 02:07:37 PM
 #19

Even me I don't know what is happening in crypto currency but in my own opinion maybe a lot of investors are getting clever now they see to it first the situation then they invest. And just because if there is a lot investors will engaged in bitcoin, the possibility of growing up become higher.

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August 10, 2019, 02:13:58 PM
 #20

It seems that the market cycle has changed, and the people are giving bitcoin much value. It means that institutional traders are also interested in bitcoin. But this cycle may be altered. And altcoins will have their opportunity to rise. I do not care about it, but I keep holding altcoins.

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