what is happening now?

[Ridwan.P]

I remember, when the price of bitcoin rose sharply in 2017, the price of altcoin had not risen. Altcoin and bitcoin do not increase simultaneously. But when the price of bitcoin goes down, the price of altcoin goes up.

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[miningguru]

Everything has its season and time. We need to be patient in all our dealings. Even in cryptocurrency. There are times the prices of coins decrease which needs patience if we really want to gain profits.

what you submit is very true because investing in crypto currencies requires confidence and patience and the development of these currencies no one predicts with certainty as investors must be clever in utilizing every opportunity we will get

Agree, that's why we need to keep track of everything before investing, that's why most of the experienced traders will suggest do research before investing either it is potential coin or it is a non-potential coin because of every development will have great future if we manage to hold them in long term.

[Sacramentus]

1 thing I know is that if any altcoins don't have any working product or anything to boost its price, then it will be definitely difficult this time if it only depends on bitcoin for its value to rise. A lot of altcoins might be left out in this ride

[Deallove9]

U are missing thing up I must say , here is no time that btc increase in value that alts increase too , alts will dump when btc pump and pump when btc dump cos the same funds will be moved to alts as btc finish its own pump , so that has been the way it has all time been .

[Menawi12]

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 current conditions in altcoin are far different from 2017. Maybe in 2017 many investors have speculated so that many tokens whose prices have risen dramatically. In contrast to the current conditions that the price of altcoin falls below the ICO price and is detrimental to many investors. Maybe because the project is no longer running or the developer team is leaving the project

[milandres0207]

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.

I guess the reason for it why most of the altcoins are not increasing their price value in the market despite that Bitcoin was now in a little bit
of bull run season, this maybe because of what happen after bull run during 2018, That's why most of the investors and community here they'd rather invest on bitcoin compare to altcoins. But I'm not sure about this, this was just my assessment only.

[PuertoLibre]

It is about the matter of demand and supply. Somehow, until now there are few altcoins that also pumped whenever bitcoin pumps. A good example of altcoin who usually follow the path of bitcoin is ethereum. But I may agree even last yr, majority of altcoins before pump when the market bull run. But now, I have also noticed the difference. They are hardly pumping.

The small pumps are not effective in the bear market, healthful market progress starts with the strong buy volume and indicators turn up after such unexpected spikes which are not definitely equal to the pump. Ethereum price doesn't look good after the last correction. I don't deny the possibility of going down if price can't hold the strong support line under 0.016. There is no way to prevent the selling power of ETH by ICO teams that dumps to the market price slightly.

[indriasyifa]

in 2017, the increase in bitcoin also affects the price of ETH, whereas at the moment the price of ETH does not rise, I think why at the moment bitcoin does not affect the price of altcoin, because eth is in an unfavorable situation, so the increase in BTC does not have any effect on ETH and other altcoins .

[alt-fire]

All we are watching how Bitcoin price now jump between 10-12K USD and this is make us nervous. But hope when BTC dominance reach 70-80% - than will started altcoins season. That is was happening.

[prehisto]

This is not that uncommon situation, it was seen already a year and more ago.
Bitcoin is falling- alts go along with it, but when it goes up , it does not alts so much.

Alts are not the choice of investors right now, simple as that.
By the way, take a look at XRP, it is holding steady its bottom compared to other alts.

[RealMalatesta]

It is about the matter of demand and supply. Somehow, until now there are few altcoins that also pumped whenever bitcoin pumps. A good example of altcoin who usually follow the path of bitcoin is ethereum. But I may agree even last yr, majority of altcoins before pump when the market bull run. But now, I have also noticed the difference. They are hardly pumping.

Actually most coins that are within the top 20 are actually responding to bitcoin movement always, and I don’t know why they have to rely on bitcoin because they all have difference use case, and if they have different use case, they should have a different community that will be controlling each one of them individually without some sort of attachment.

What leads to increased value like you said is demand, and they demand for bitcoin, how that affects other coin is what is quite confusing and the only logical reason I could give is that the investors chose to buy those coins same time they buy bitcoin, while other coins are still laying down because of the dominance of bitcoin, so for altcoins to start increasing now, the reign of bitcoin has to be halted a little.

[10BTCaDay]

All we are watching how Bitcoin price now jump between 10-12K USD and this is make us nervous. But hope when BTC dominance reach 70-80% - than will started altcoins season. That is was happening.

hope again did not materialize. Bitcoin is now below 10 thousand dollars and the price of altcoins makes us cry. I think the bears came to us again

[xenomorphe1]

If you look for exemple at gate.io, people are still selling their coins for bitcoins when bitcoin is falling. They still hope that Bitcoin can increase to $20000 and don't want to miss this. But that won't happen. I hope bitcoin is going to return back to $3000 or less and that people are going to realize what they have done. Following fake news and whales is not going to finish well.
But we can understand them too as a lot of altcoins were made to scam people. But now they have no confidence on altcoins. That's why they only buy bitcoin. But that will kill the cryptomarket. As no companies are going to try to invest into cryptocurrencies as people are only going to dump their coins. I don't care if i lose what i have invested on cryptos. But it is sure that i won't put more money into it.

[anks]

its all happened exactly as i predicted. its as i said. investors dont know anything about crypto and get all dumped.
not all alts are a scam. only shitty investors put money into icos and get scammed.
btc is just a bubble that is popping because its completly overvalued.

im still wating for that btc is better than alts argument.
alts will build now a resistance because btc cant suck it completely out while stupid investors run away from alts into btc and gonna loose EVERYTHING.
people make everything wrong what they can do wrong but its kinda natural selection. when these investors are gone and dumped all their money there will be space for new, smarter investors who appreciate the worth of many good projects. just let them play.

an normal person buys low and sells high. but what they are doing is exactly the opposite. no need to blame them.

[ethereumhunter]

The altcoin season will come, and it's on the right way. But the problem is we are seeing bitcoin is going to down, and that makes altcoin follow to go down too. But if this situation is ended, bitcoin price will rise, and that will happen too with altcoin, and maybe we need to be patient this week because the market is not good to sell. We can buy more altcoin if we have money because the price of almost all of the altcoin is at a low price so we can get a good price to hold for a while.

[slaman29]

If you look for exemple at gate.io, people are still selling their coins for bitcoins when bitcoin is falling. They still hope that Bitcoin can increase to $20000 and don't want to miss this. But that won't happen. I hope bitcoin is going to return back to $3000 or less and that people are going to realize what they have done. Following fake news and whales is not going to finish well.
But we can understand them too as a lot of altcoins were made to scam people. But now they have no confidence on altcoins. That's why they only buy bitcoin. But that will kill the cryptomarket. As no companies are going to try to invest into cryptocurrencies as people are only going to dump their coins. I don't care if i lose what i have invested on cryptos. But it is sure that i won't put more money into it.

Selling always happens, no matter what the price is, that's kind of how the whole price thing happens. If I sell at 9k and someone buys it, then the price recorded is 9k. If I sell and nobody buys, then I can't sell and then there's no price. You get it right?

Anyway, don't worry about panic sellers, it's good for everyone.

[Adelek15]

fundamentally there is actually no association among bitcoin and altcoin. it's simply that individuals' enthusiasm for purchasing crypto is as yet centered around bitcoin, so when bitcoin is high, altcoin is probably going to go up in light of the fact that the vast majority additionally take a gander at altcoin. however, shockingly with the disappointment of altcoin recoup costs and some phony tasks make the enthusiasm for altcoin decline significantly and that is the thing that makes altcoin will be hard to go up despite the fact that bitcoin goes up.

[hongus]

fundamentally there is actually no association among bitcoin and altcoin. it's simply that individuals' enthusiasm for purchasing crypto is as yet centered around bitcoin, so when bitcoin is high, altcoin is probably going to go up in light of the fact that the vast majority additionally take a gander at altcoin. however, shockingly with the disappointment of altcoin recoup costs and some phony tasks make the enthusiasm for altcoin decline significantly and that is the thing that makes altcoin will be hard to go up despite the fact that bitcoin goes up.

As there is no connection. What about financial pressure? After all, major players certainly hold bitcoin. And then they put pressure on the entire cryptocurrency for its own benefit. So I think what is happening on the market right now.

[anks]

fundamentally there is actually no association among bitcoin and altcoin. it's simply that individuals' enthusiasm for purchasing crypto is as yet centered around bitcoin, so when bitcoin is high, altcoin is probably going to go up in light of the fact that the vast majority additionally take a gander at altcoin. however, shockingly with the disappointment of altcoin recoup costs and some phony tasks make the enthusiasm for altcoin decline significantly and that is the thing that makes altcoin will be hard to go up despite the fact that bitcoin goes up.

there is an fundamental association beetween bitcoin and alts. altcoins are always sold in satoshis. when the worth of satoshis rise then the worth of the last bid rises and the coin climbs up in price beetween the altcoinamount and dollar.

that rise in bitcoin and the bad growth in alts was always a invisable selloff. in relation to btc and alts where the bullrun began and where we now the price in dollars are nearly the same, but the thing is in relation to satoshis alts lost 75% of its worth. now you can think and then you know what happens when btc has the same price in dollars then it has before. your altcoins would also loose 75%.

that price mentality would stop when people would stop trading from btc to alts, but dollars or euros to altcoins only. so there are also very big structure problems in the crypto market. it is giving bitcoin a too high influence and makes it to an monopol to the crypto market. pretty idiotic. always bothered me. trading assets always need a stable harbour but bitcoin isnt so we have this mess.

i think thats the main reason why investors have enough. it also bothered the markets in 2018. many good projects are getting destroyed because bitcoin determines the price and pulls everything down. that needs to stop. people and exchanges need to stop trading with bitcoins.

but people: dont worry. the price is not under the full influence of btc. when there is a peak bottom reached as we are right now you will always find buyers who buy the dip. there is nothing to loose anymore. its already at the bottom.

[aioc]

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 are in a different scenario now, compared to what happened in 2017, people want to see the same profitability and scenario but I don't think it's going to happen again, so many projects coming in only a handful will survive, and our problem is to find these handfuls that are going to succeed, but I'm ok with Bitcoin dominance, it just means that Bitcoin is still the dominant coin in the market.