what is happening now?

[ethereumhunter]

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.

Every people want to see the situations are likely 2017, but the reality, we still see the market cannot increase so high, especially for the altcoin section. This trigger from bitcoin price, which is not was rising so high, and it's up and down many times. But soon, if bitcoin price can reach the highest price and stable for a while, then I think the altcoin price will increase, and I guess that the situations will be changed and we will be back to make a bigger profit again.

[fuer44]

in essence there is really no connection between bitcoin and altcoin. it's just that people's interest in buying crypto is still focused on bitcoin, so when bitcoin is high, altcoin is likely to go up because most people also look at altcoin. but unfortunately with the failure of altcoin recover prices and some fake projects make the interest in altcoin decrease dramatically and that's what makes altcoin will be difficult to go up even though bitcoin goes up.

[Spaffin]

I am inclined to assert that today Bitcoin is gaining sympathy among investors, primarily because, against the general background of the worldwide discussion of cryptocurrency, the first question is about the legalization of cryptocurrency in the world.  And if this issue is successfully resolved, then first of all, Bitcoin will become a legal cryptocurrency, which will lead to its active use and an increase in the number of members of the community of Bitcoin owners.

[Drai]

I think it has more to do with the recent market situation, if you have studied it closely, you would have noticed that whenever there is a correction, most alts would plunge very much in price while BTC would rain the same or just reduce price a bit, so many people are now buying and holding BTC, I think that is the main reason.

[fosco333]

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.

We need sometime because the crypto bull market that occurred in 2017 was too much.
Later, i think we will facing new wave of cryptocurrency bull market, but we don't know when.

[shadowdio]

I also expect that happen when bitcoin increasing and altcoins will follow, but this time is not, well we are in crypto world it's hard to predict their movement.

[Mianae]

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.

The only thing I can deduce from the market is people ain't interested in alts probably cos they want to buy it more cheap before the alt season starts. Its been about Btc of recent soon gains from Btc will be pushed into alts.

[(o)(o)ilikeboobs(o)(o)]

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.

It's very normal thing, happen everytime bitcoin's pumped.
Almost every single alt would go down when bitcoin up.
That scenario happen too much when bitcoin went from 20k to 3k for 2 years, 2 long-year

[bastian466]

Altcoin and bitcoin movements are different now altcoin does not follow the rise of bitcoin so there is a lot of confusion that many may throw altcoin and switch to bitcoin which is more promising so that altcoin enthusiasts are reduced so there is no upward movement

[Ucy]

tether

This new phenomenon most likely has nothing to do with tether.
It is as if altcoins whales came together one day and agree not to invest in altcoins.  Maybe whales are well organized and united ? Or this's all coming from a single whale.
Another theory is that trading on exchanges have become very difficult for whales around the world due KYC and fear of the watchful eyes of the authorities.

[timmmers]

Correction.
If you are trader you know that Bitcoin still needs to fill the hidden gap around 8500USD.
It is a game for traders, not for hodlers, so do not be afraid, buy more if you have money, but do not sell! Maybe this is the last chance of buying super cheap cryptocurrencies!

[Aryleeto]

Now the market is very happy , as the bullish trend has already begun , and you need to be in bitcoin and wait for higher levels , but in altcoins you should not rush to invest.

[zuziekatee]

It’s because a lot of people are selling there Altcoins probably to cut loses and leverage on bitcoin dominance! This shows that the bull run this time will take a slightly different approach probably !

[pixie85]

The market is shifting. Two years ago there was a massive altcoin boom and people believed that new altcoins will share bitcoin's success but they did not. Most of them were scams or failures and people did not really know what they are buying. They were buying promises.

Now new investors see all those failed projects and don't want to risk it so they buy bitcoin. The market will no longer take altcoins up as much as bitcoin and it won't change until Bitcoin reaches a new ATH then maybe some people will again think of differentiating.

[crustycrab666]

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 was a significant increase in bitcoin and even touched the highest since it was created and it happened one year after halving bitcoin in the middle of 2016. At that time everyone expected all altcoin to follow the bitcoin footprint, everyone flocked to buy altcoin and as a result, demand increased and the explosion of altcoin prices has risen. different with the current situation, maybe some investors save their funds to prepare for the moment of halving bitcoin in the middle of 2020 and many of them have lost the trust of altcoin that appears lately because many fraud projects occur.

[asrafkhairulazzam22]

In March 2019, altcoin was pumped up to x2-5, while bitcoin was still stable. well now the possibility of bitcoin will be pumped on a large scale and when bitcoin is stable it is likely that altcoin will follow

[xiboothrezi]

I am inclined to assert that today Bitcoin is gaining sympathy among investors, primarily because, against the general background of the worldwide discussion of cryptocurrency, the first question is about the legalization of cryptocurrency in the world.  And if this issue is successfully resolved, then first of all, Bitcoin will become a legal cryptocurrency, which will lead to its active use and an increase in the number of members of the community of Bitcoin owners.

That's right, especially when there's a halving moment, I think that's what makes bitcoin dominance in the cryptocurrency market even stronger. The number of fraudsters who take advantage of the ease in making their own altcoin to deceive investors makes the market confidence tends to shrink. Altcoin, which is at the top of coinmarketcap, is moving slowly, everything is still focused on btc.

[anks]

i can tell the real reason why this market is like that.
it is very simple. its because most people dont have any clue in investing, especially the new people who try to invest.
the no1 argument to invest not in alts is scam.

well if you are longer spectate the markets you know, that there are still many trustable coins that exist since a long time, like ethereum monero and co,
so this scam argument comes mostly from people who dont know anything from investing and lost all their money, spending it for shitty icos and pumpndump.

the no2 argument is that people lost a lot of money in 2018.

firstly many people dont know when to sell and secondly many people are too pessimistic in the markets. when bitcoin falls one time its like the end of the world for many investors are selling off until the coins are undervalued to zero.

that investors are clueless and just dont know anything about investing proves also that everyone prefers more investing in this overheated btc market where they will loose everything again instead of looking for a nice decent altcoin at the bottom that gives profit. i mean what can you loose? its allready at bottom because every noob sold off. but at bitcoin? this move was not even a doubler but when it falls to bottom you will never gonna see your money again. i feel very sorry for the people investing in btc.

it will happen exactly like that: that bitcoin bubble pops again and everyone starts whining again, giving all their faults to the market and their coins that they loose everything again. instead of that people should learn to study the coins knowing what marketcaps, coin amount means in relation to price and finding rational ways to invest.

the cluelesness is just an irrational mirror to an irrational market. i think the reason is also that many newcomers are investing because they heard about bitcoin in the media, so they just thing "cool" and invest blind. then the whining starts and everything is down at zero again. its all just simple greed combined with stupidness. thats not the way how to make money and everyone will loose.

that stupidness holds also many investors back from investing because its not a win situation when there are so many blind investors. too many blind people dominating the markets. too much greed too less brain.

the only solution is that people need to think different by giving the coins their worth it really deserves, not thinking about profit only by doing scammy icos and such. we need more decent investors that are convinced in what they are investing and then new investors will jump in. this market needs more trust and fair prices. many people think in real that all coins are worthless but its wrong. there are many coins with interesting tech in it that is way better than bitcoin, so i find it very stupid how many people think about alts.

[Perfect35]

Even at this time, bitcoin holders are still making their profits, because it has been the major determinant of price increase of most coins. This is why we see it dominating. However, altcoins might soon take up the lead and we might see the dominance of bitcoin falling?

[anks]

Even at this time, bitcoin holders are still making their profits, because it has been the major determinant of price increase of most coins. This is why we see it dominating. However, altcoins might soon take up the lead and we might see the dominance of bitcoin falling?

yes they are making profits. but what can they win and which risks are they taking?
with alts can double or triple your money easily. up to 5x is also possible.

with btc you can only make a doubler or a triple with an high risk when buying at the bottom and selling at the high.
when it drops there is no guarantee its gonna rise again. the btc investment strategy is not very smart in my eyes and sooner or later it will show of.
also a big reason is the price psychology. the price of a five digit is not beautiful at all. at 12000 the hive mind says "too expensive" and the money is gone.
i would never take such a risk investing in btc. there is only a few crumbs to win with an high bet of own money.