What's happening with Bitcoin & altcoins?

[el kaka22]

Give it a few more weeks.
If it doesn't move down then it may not be just a temporary one. I am really hoping this is the new bottom.
There may also be a better reason to this than just always using whales as a basis of every pump of bitcoin and altcoins.

It could be that people are learning more about cryptocurrencies due to lockdown and they are now riding the boat.

Yeah people are worried, if they get in right now, they would be getting in AFTER it moved up, which would be very scary and that is not really something that we should all be doing that easily, because all want to make it possible for people to actually get in low if they can, not when it is up.

However if they stop now, they could miss out on the next increase as well, if nobody gets in the price won't get up obviously because it only gets up when you buy, but if you wait and others get in, you are going to miss out on a lot of stuff which is scary. Yet if you do get in that means you are going to risk it and it could go down, it has been up for a while, there could be a correction and while others made a profit when it went up, you would be losing money because it is going down.

[The Sceptical Chymist]

Now, some altcoins can increase their prices more than Bitcoin. Some people stated that it may be the bullish time for altcoins.

Well apparently it is a bullish period for altcoins--but who knows how long that's going to last?  Nor can anyone say with certainty why alts perform better (or worse) than bitcoin at any given time.  Before the coronavirus outbreak, all I kept reading was about "altcoin season" and questions about when it was going to start.  I think a lot of traders have been itching to get back into the altcoin market for a while now, and it seems like some of them have.

The bubble hasn't even begun and you're talking about the crash afterwards?!

Yeah, even with bitcoin crossing the $11k mark it's still nowhere near bubble territory.  If the price got to $25k within the next 12 months (and I just picked those two numbers out of a hat), then I'd say bitcoin might be in the red zone and then I'd be concerned about a crash--but not now.  It's way too early for that.

We have achieved the current high this year already which is $11300, so just relax and enjoy watching the bullish moments of bitcoin and we might fly from here.

Indeed.  Back in March or so when bitcoin (and the stock market) were crashing, I would not have predicted we'd see the $10k point being breached, and I think I even wrote that in a couple of posts.  So yet again I'm surprised at how unpredictable bitcoin can be.

[gesrhon7]

Hello am new to this chat room please i want to ask why some of the Altcoin is not going up with bitcoin as it stand some rather are falling is there any reason for this ?

[Jating]

Hello am new to this chat room please i want to ask why some of the Altcoin is not going up with bitcoin as it stand some rather are falling is there any reason for this ?

What do you mean that you are new? looking at your profile, it seems that you have been a member in this community since 2018? Or I'm I missing something here.

Give it a few more weeks.
If it doesn't move down then it may not be just a temporary one. I am really hoping this is the new bottom.
There may also be a better reason to this than just always using whales as a basis of every pump of bitcoin and altcoins.

It could be that people are learning more about cryptocurrencies due to lockdown and they are now riding the boat.

That's the nature of bitcoin though, there will be days that it will go sideways, just like what we have seen after the halving. But just this week alone, the price seems to increase in massive proportions and who would have thought that it will breach $10k like a butter and then goes on to go as high as $11,300.

Altcoins are not far behind, but only a few of them grow because of the news about Eth 2.0 and then the Defi hype continues as more investors continue to ride on the bandwagon.

[ultrloa]

It was already months that Bitcoin has been struggling to reach the next level ($10,000). There is no a clear sign that Bitcoin continues rising up or declining its price in the near future. Now, some altcoins can increase their prices more than Bitcoin. Some people stated that it may be the bullish time for altcoins. While others still doubted it, and they claimed it is only about temporary pump done by whales. Well, what do you think about this, guys?

For me bitcoin is still unpredictable and it surprises us in so many ways. See? There is no clear sign that it will rise but on the past days it already passes $10K. But I am not sure if altcoins can pass bitc price. Btc is really expensive now. I know there are good alts that have a good price but is still far from $10K. Year 2017, there are rumors that ETH will pass bitcoin but until now btc is leader coin.

No clear sign but we can see some indicator on order books or any other site that gives technical data's, but we cannot rely on this 100% since there are sudden changes from time to time since we cannot control the holdings of the other traders. But one thing we can do from those sudden changes is to react accordingly on what will happen on the market since sometimes holding for long time can cause bad heart aches since it could drop our money from sudden dump.

[Wind_FURY]

Rest In Peace "Alt Season", July 20, 2020 - July 27, 2020. Killed and eaten by the almighty king of cryptocurrencies, Bitcoin.

Buy the dip, and?

[famososMuertos]

Bitcoin has no clear signals in the short term *. That is what makes it so unpredictable and not because it changes its price but because of the stripes in what it does, bitcoin may have had a sustained growth to overcome the 10,000 barrier, apparently definitely (we will see), but it had a growth above 14%.

There are altcoin and its derivatives that its holders move in hundreds of thousands (even millions) of their currencies so an increase of a few pennies can mean a lot of profit, that even in some of its holders may have years of Hodl waiting for a significant increase . So the term time bomb is relative in the individuality and importance of each owner of those Altcoin.

...
Now, some altcoins can increase their prices more than Bitcoin. Some people stated that it may be the bullish time for altcoins.
...

In terms of percentages! which is the only way it can happen. In this sense, some may have large increases but even in the recovery phase, after steep falls.

[milewilda]

Rest In Peace "Alt Season", July 20, 2020 - July 27, 2020. Killed and eaten by the almighty king of cryptocurrencies, Bitcoin.

Buy the dip, and?

For those who do wait up for alt season then  they would probably feel on  what you have said but basing of on movement then most top alts do able to handle and can move out the same on where BTC is going
and the rest? They are moving sideways which isnt surprising.Defining altcoin season do mostly happen when bitcoin market is tanking or moving sideways and the rest will depend if it will
correlate on bitcoins price or would stay up the same.

[STT]

Hello am new to this chat room please i want to ask why some of the Altcoin is not going up with bitcoin as it stand some rather are falling is there any reason for this ?

Thats familiar dynamic, a good alternate take is to consider price in dollars as a ratio not just BTC.   If BTC rises alot it puts pressure on anything valued in BTC as they both become more valuable with that rapid change recently this is not new.   This is the same in many markets, theres always a push and pull between commodities and currencies in contrast to each other.   BTC moving alot is disruptive to a few others and especially alt coins as the smaller of the two will give way most often.

[Janation]

There's nothing wrong with the altcoins though it's just that most of them doesn't follow what is the trend of Bitcoin that's why most of them got left behind. Whereas ETH for example is totally on a different side of the rest of altcoins, it breaks a new price resistance which is most speculators been waiting for too long to happen and here it is now.

This happens and there times that it is the opposite.

Remembered how ETH pumped its way in 2017 and BTC went down so bad. Either way, we expected this to happen but not the same as the altcoins being stationary.

For now, let's just wait since we should also expect that the price will go down, that might be a time for some altcoins to shine.

[Pamadar]

There's nothing wrong with the altcoins though it's just that most of them doesn't follow what is the trend of Bitcoin that's why most of them got left behind.

There's nothing wrong indeed, depends from how the creators will make progress that's the thing that will bring them into this trends.

Whereas ETH for example is totally on a different side of the rest of altcoins, it breaks a new price resistance which is most speculators been waiting for too long to happen and here it is now.

Good catch for every investors who entrust their investment to this project, after that huge dip it's now breaking its way to the top,
expectations coming from those spectators will create more rise to this project.

[Twentyonepaylots]

There's nothing wrong with the altcoins though it's just that most of them doesn't follow what is the trend of Bitcoin that's why most of them got left behind.

There's nothing wrong indeed, depends from how the creators will make progress that's the thing that will bring them into this trends.

Yeah maybe some people think that altcoins grow out of no where, the team behind the development is the core of the success of the coin so if an altcoin price is surging that is because of the speculation of the people because of the progress that they are making, in short people are trusting them.

Whereas ETH for example is totally on a different side of the rest of altcoins, it breaks a new price resistance which is most speculators been waiting for too long to happen and here it is now.

Good catch for every investors who entrust their investment to this project, after that huge dip it's now breaking its way to the top,
expectations coming from those spectators will create more rise to this project.

As for eth is concern this coin already has its name mainly for being the 2nd in the market after bitcoin so doubting it would make us fool to believe that it will not be running with bitcoin. No matter how low it gets, it will rise just like bitcoin. This year, I see ethereum being bigger than the bitcoin in terms of price increase percentage, bitcoin could just be 2x of its price right now, ethereum could get 5x.

[bitgolden]

Overtime I feel like it will average out, there will be a time when bitcoin will be valuable but not volatile, it will definitely have an increasing effect and the prices will be definitely high but the volatility will drop. Why do you think it is volatile right now?

Because it is basically at a stage where the volume and liquidity is very very low compared to what it can be, which is why I believe there is so much volatility and that is why I think there will be a change one day, it may not be quickly, it may not be slowly but it will definitely get to a point where it has so much volume and so much liquidity that the price will not be capable of changing that quickly. Of course even the biggest stocks with tens of billions of dollars changed every day moves a bit, but not at bitcoin level.

[elisabetheva]

There's nothing wrong with the altcoins though it's just that most of them doesn't follow what is the trend of Bitcoin that's why most of them got left behind. Whereas ETH for example is totally on a different side of the rest of altcoins, it breaks a new price resistance which is most speculators been waiting for too long to happen and here it is now.

yes, ethereum is more familiar with the situation than other altcoins that still have problems with themselves. ethereum can get closer and follow the steps of bitcoin every time there is a sharp increase from bitcoin, this is certainly a step that is eagerly awaited so that it can continue to move towards a positive direction.

actually other altcoins have also started to show a positive direction, but they still have constraints within themselves that cannot be fully controlled. with the development they will also receive the impact of the increase in bitcoin although it may be too late compared to ethereum.

[jrrsparkles]

In terms of percentage many altcoins are bumping more that bitcoin everyday but one coin is not bumping constantly that is what makes the difference of altcoins.It is not good to invest on a coin just because the price jumped randomly in an insane amount because probably it has been executed by the whales.

[smyslov]

Give it a few more weeks.
If it doesn't move down then it may not be just a temporary one. I am really hoping this is the new bottom.
There may also be a better reason to this than just always using whales as a basis of every pump of bitcoin and altcoins.

It could be that people are learning more about cryptocurrencies due to lockdown and they are now riding the boat.

I like to think that it has something to do with the supply, we are two months after the halving and we now feel the effect of the halving and of course besides the fact that many companies are going cashless and Cryptocurrency is one of the choice, we have seen the floor now we are moving up as we expect this to happen but not this fast.

[CryptopreneurBrainboss]

What's the story now, who is smiling, is it bitcoin or the altcoins? For the record, don't ever short bitcoin as you'll end up regretting that decision. When OP wrote the thread, I believe he must have doubts of bitcoin been able to break the resistance it had at $10k price mark but look at the market today, never bet against bitcoin.

The alts that were on a roll back then are mostly in red now. Bewise, not advising against trading alts but be very cautious when engaging m them. They can be very tempting and may cost you more then your initial lost if you get too attaches. Understand they're just distractions and focus on staking sats. Used them though to get more sats.

[STT]

Short Bitcoin is just a form of selling, depends if that person is extended in their liabilities or not.   Never short anything is a pov as the price can spike if the trade gets crowded.   Like for example look up how VW became the worlds most highly valued company for a time, it was shorted but then received a take over bid and the short sellers had no way to buy back their shares at any price.   They were over balanced and should have taken profits as price does not determine value, they relied on market liquidity and it dried up instantly one day.
   BTC can obviously receive alot more attention, alot of buyers can come into this market but most of the time its just the regulars pushing back and forth trying to trade it.    Its really easy for shorts to get wiped out with a limited resource.    I usually expect pullbacks because I think too many hold BTC with their fingers crossed and worse is being extended with any kind of leverage, if thats the average we will pull back for sure.
  The Federal Reserve is trying to make you believe long everything is correct, they'll inflate all prices but they are the Wizard of OZ and behind the curtain the reality is alot less impressive.

[AjithBtc]

With bitcoin and altcoins there is differential growth. Bitcoin and altcoins grew mutually till some point, and further there is growth with bitcoin while altcoins remains to stabilize. Further the market turned green and soon it has changed back to red. Now there is growth with bitcoin and no big change with altcoins. Maybe this can get profit for users who invest at the moment and hold for the new ATH.

[shoreno]

With bitcoin and altcoins there is differential growth. Bitcoin and altcoins grew mutually till some point, and further there is growth with bitcoin while altcoins remains to stabilize. Further the market turned green and soon it has changed back to red. Now there is growth with bitcoin and no big change with altcoins. Maybe this can get profit for users who invest at the moment and hold for the new ATH.

red and greens are already part of the market  . not also true that alts are now stable but they are actually continue to grow with smaller amounts

pump for alts are still here , it means it is really a season for them and not just a temporary pumped  . i believed that many people already enjoyed thier profits and some could still be holding for now  . btc on the other hand is not struggling to gain some pounds  . this is good because its not only a bullish time for alts but both of the coins are  .