Vishnu.Reang
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February 26, 2020, 02:41:08 AM |
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Hi friends: What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins. Even Bitcoin used to fluctuate a lot. There were times when BTC used to go up or down by as much as 40% in a single day. I am talking about the period before we first hit four digits in 2013. Back then there were less than a dozen exchanges, and the liquidity was limited. Many of the smaller alts are at this stage right now and therefore they have large fluctuations.
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lienfaye
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February 26, 2020, 02:58:41 AM |
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Bitcoin has many supporters so even the value is fluctuating and sometimes hits a bottom the price can recover easily due to people who buy and hold bitcoin because they believe on it.
This is not the case for altcoins, some investors are buying to take profit and dump their holdings once they get the chance to do so. While others are selling their alts to buy btc especially if they see the price is surging.
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Mianae
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February 26, 2020, 04:52:17 AM |
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There's no reason for this volatility but when Bitcoin price either moves up or down, there's bound to be huge action on the price of Altcoins. If Bitcoin price goes up, people sell alts to get Btc but if Btc price dumps, people sell alts to cut their loss and as such the alts keep bleeding.
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Marckolind
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February 26, 2020, 07:15:45 PM |
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Market cycles is the answer to your question. With a high BTC dominance, BTC moves the market a LOT.
In 2017 when the BTC dominance was lower, alt's could move on their own, which will happen eventually again, once BTC breaks it's previous ATH.
A few altcoins did move despite of BTC as of recently, Blocknet from 7000 satoshi to 20000. Most likely due to their work on decentralized oracles.
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Zicadis
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Dump it!!!
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February 26, 2020, 07:23:00 PM |
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Altcoins have a much lower market cap, but are controlled by relatively few people.
Therefore even a handful of people buying in or selling out can significantly impact the price, which then leads to a ripple effect because of algorithmic trading bots.
BTC is harder to move with its $100b+ market cap.
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sockpuppet1911
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February 26, 2020, 07:24:26 PM |
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Hi friends: What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.
They are "new", bitcoin is so far most tested, most secure and most trusted. If it fails, everything fails as people keep looking the whole cryptocurrency scene value from bitcoin. We always tend to forget it and start to talk about ETH flippening again, not seeing that it has actually been more unstable then bitcoin.
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CryptopreneurBrainboss
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February 26, 2020, 08:12:27 PM |
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Hi friends: What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.
Irrespective of all you just highlighted in regards to the so called established altcoins, they're still inferior to bitcoin and that's a major disadvantage all altcoins will have forever. Bitcoin is just one therefore the trust level associated with it plus an additional 10 year of been profitable, it must have definitely earned all the trust it's getting. Altcoins get traded against bitcoin meaning most of them can't stand on their own. Altcoins are mostly bought with the intention of selling at the quickest profit possible therefore when even there's a news that can hinder that plans, the Investors panic and sell off their investment.
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nicecrypto
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February 26, 2020, 09:09:30 PM |
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That is why they are called Alternative cryptocurrency because they are not btc, just an alternative to btc, And if by being fragile you mean in terms of price, alts are only base on speculation without no use, there is a tendency for the price to always fluctuate because nothing to stabilize the price, people buy btc as a store of value unlike alts.
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Yamifoud
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February 26, 2020, 10:02:03 PM |
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Hi friends: What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.
I don't know how it becomes fragile but if you would say how it becomes valuable than of altcoins? Maybe it was. I only stand why it become valuable...it is because it places an important role just like having the best driver of the world...you'll have to pay it high than of casual drivers or having a precious metal(gold)...it was also expensive. That's the way it looks like and we can't deny that Bitcoin is leading on the market demand because of its considerable market profitability in which everyone's are looking for among the rest cryptocurrency existed.
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mersal
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February 26, 2020, 10:23:46 PM |
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Hi friends: What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.
Because their marketcap value is less compared to bitcoin's value and the number of investors/holders of the altcoin is far less than the bitcoin so if there is a news which makes people to respond then it will get more sooner response than bitcoin.But most of the price movement of altcoins coming from bitcoin's price movement so it all depends on the investor's trust on the coin.
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cytpoway121
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February 26, 2020, 10:42:53 PM |
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Hi friends: What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.
One of the major reason i believe is the total reliance on Bitcoin, Most altcoins are usually trade paired to btc. Which is why sometimes, when bitcoin dumps 10%, certain altcoins dump 100% and even on rare occasions, if bitcoin moon 20%, some altcoins dip 200%, it has to do with the sats of the buy orders too. Why not try trading and practise with 5$-10$ see what you can do ? Just my views though, do your own research and have a better understand
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fullhdpixel
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February 27, 2020, 06:39:24 AM |
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Hi friends: What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.
Since investors are seeing Bitcoin as the most stable cryptocurrency, there’s nothing left for most of these altcoins than to be stable. Most of the time when the altcoin market is falling, investors quickly withdraw their and send it over to Bitcoin and such action that’s being taken by most of these investors causes altcoins to be highly volatile. Someone once said that whenever altcoins increase in price, they increase more than Bitcoin, and when they fall their fall is worse than Bitcoin, because they fall to the extent you will see more loss. And since Bitcoin is considered by most of the investors, it is seen as the main cryptocurrency. New investors mainly go for Bitcoin and not altcoins.
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Dr.Osh
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February 27, 2020, 06:55:58 AM |
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I'm also thinking about this, it's just that I'm pretty sure that many people believe in bitcoin that development continues, and bitcoin is a decentralized coin, and no one has power over it. besides that, bitcoin also has multifunctionality. whereas for altcoin, most altcoins are controlled by a team, and if the team is not trusted, then altcoin will be damaged, this makes altcoin more fragile than bitcoin.
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Jannyh
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February 27, 2020, 08:01:11 AM |
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Well, I would say since bitcoin is the King of them all, it has gained so much confidence from investors that when there is a negative news, sometimes the impact isn't so much as regards dump because investors believe it will rise back quickly but for altcoin that is dependent on Bitcoin, most times because of their volatility, once there is a negative news, you see investors wanting to get out of the market and as such would create huge dump
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witbla
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February 27, 2020, 08:11:37 PM |
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What I have noticed, blockchain solutions are progressing more and more into specific industries that used to work without it few years ago. And to be honest, I am pretty impressed with the value that certain worthwhile blockchain solutions are bringing to the table. Even though, many parameters must be analyzed before blindly believing in the benefits
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hwteeer
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February 27, 2020, 08:12:14 PM |
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What I have noticed, blockchain solutions are progressing more and more into specific industries that used to work without it few years ago. And to be honest, I am pretty impressed with the value that certain worthwhile blockchain solutions are bringing to the table. Even though, many parameters must be analyzed before blindly believing in the benefits
Hello. This is true, I would say. And what are the industries you are following? And how are you basically exploring new solutions on the market?
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witbla
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February 27, 2020, 08:13:06 PM |
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Hello. This is true, I would say. And what are the industries you are following? And how are you basically exploring new solutions on the market?
Talking about me, I attend lots of music festivals and sporting events, which is why I was excited when I discovered GET Protocol. It seems like a really cool solution with a lot of adoption and promising future. I wanted to share some info about them and ask for your opinion. GET Protocol offers a blockchain-based smart ticketing solution that can be used by anybody who wants to sell tickets in an honest and transparent way
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hwteeer
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February 27, 2020, 08:14:08 PM |
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Talking about me, I attend lots of music festivals and sporting events, which is why I was excited when I discovered GET Protocol. It seems like a really cool solution with a lot of adoption and promising future. I wanted to share some info about them and ask for your opinion. GET Protocol offers a blockchain-based smart ticketing solution that can be used by anybody who wants to sell tickets in an honest and transparent way
From your words definitely sounds interesting as this is the in demand industry. But can you probably come up with more info on GET protocol?
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witbla
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February 27, 2020, 08:15:17 PM |
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From your words definitely sounds interesting as this is the in demand industry. But can you probably come up with more info on GET protocol?
In few words, guys are bringing blockchain onto ticketing industry. And results so far are amazing - around 300k tickets are sold, partnership with Oerrock festival and more. What do you think of the guys? In my opinion, new standards on the market. Of course, I recommend you to have a closer look at their website to have deeper understanding of the idea. Pretty sure that you will be impressed
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hwteeer
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February 27, 2020, 08:16:36 PM |
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In few words, guys are bringing blockchain onto ticketing industry. And results so far are amazing - around 300k tickets are sold, partnership with Oerrock festival and more. What do you think of the guys? In my opinion, new standards on the market. Of course, I recommend you to have a closer look at their website to have deeper understanding of the idea. Pretty sure that you will be impressed
That makes sense and sounds interesting, will definitely have a look on my own and get back with own thoughts shortly! Thank you for your recommendation
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