What's happening with Bitcoin & altcoins?

[Silberman]

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.

At the beginning of this growth altcoins have been performing better than bitcoin but it seems that bitcoin is slowly regaining ground which to me is a healthy sign because whenever I see altcoins outperforming bitcoin in such a massive way I cannot help to think that the movement is fake, after all how can the rally continue when the most important coin that represents 60% of the market is not moving as fast as those coins.

[carlfebz2]

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.

Having an option isnt really that bad as long you do able to make up some gains but majority do really consider on holding alts and believing that this is much better than BTC.

Yes, it can possibly give out that high profitability yet value isnt really that much or big but in terms of long run aspect then we can really say that BTC would always have that thing in the end of the line.

uncertainty and doubts are common but for those who do risk and believe on will always be the one who will able to make some profits.

[arwin100]

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.

Having an option isnt really that bad as long you do able to make up some gains but majority do really consider on holding alts and believing that this is much better than BTC.

Yes, it can possibly give out that high profitability yet value isnt really that much or big but in terms of long run aspect then we can really say that BTC would always have that thing in the end of the line.

uncertainty and doubts are common but for those who do risk and believe on will always be the one who will able to make some profits.

But in the end of the day we can't trust them 100% much since  some of the alts out there is just been pump due to the hype given by those supporters and it will just temporarily happen so maybe best to became selective and put our focus on the main coins like BTC and ETH since this two big coins can give us profit and funds security by now.

[CryptopreneurBrainboss]

But in the end of the day we can't trust them 100% much since some of the alts out there is just been pump due to the hype given by those supporters and it will just temporarily happen

Not trusting them 100% isn't effort, we can't trust them at all. Just see them for what they're because eventually there's will be a better and more improve altcoins solving same problem your so called altcoins is parading himself to be solving. Never get attached to any of them or you'll end up losing your funds. Many think they're doing quite well but comparing the sats value of your invested capital and what that coin you bought is worth in the future will give your a clear understanding why holding bitcoin is superior to any of the shitcoins out there.

Just used them to get more sats and you'll be fine, never consider them to be your number one priority. I always advise my folks on what I consider the golden rule, 'Altcoins will come and go but bitcoin will be here for a very long time'. The coming and going simply means their different season of getting the spotlight like with what DeFi Tokens are currently experiencing. Invest wisely.

[Janation]

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.

The altcoins are also increasing but in a slow pace.

Bitcoin may be having a good movements these days now but that is the same with altcoin but in their own pace. We don't know when will altcoins pump, all we know is that it will have its time, when Bitcoin pumps, altcoins follow bur we never know when will it really pump like ETH did in the past.

[tbterryboy]

When there was a huge bull in 2017 and bitcoin went up, it didn't went up as high as some of the other coins, that is the thing about drops and increases in bitcoin and altcoin world.

It was about 3k or so before the huge increase and it peaked at 20k, that means it was around 7 times higher, I remember ethereum being around 40-60 dollars and reaching to 1500 dollars, it was insane, and many many more coins reaching up to x50+ increases those days. After the drop? Well, bitcoin did dropped like 80% or so but usually it was higher around 6k+ levels whereas most of the coins that dropped was around 90%+ lost and some of them are still there, so that means bitcoin increases and decreases a lot less while altcoins increases and decreases a lot more while they do it together.

[peter0425]

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.

The altcoins are also increasing but in a slow pace.

Bitcoin may be having a good movements these days now but that is the same with altcoin but in their own pace. We don't know when will altcoins pump, all we know is that it will have its time, when Bitcoin pumps, altcoins follow but we never know when will it really pump like ETH did in the past.

Remember when binance do the same.

There's certain movements with alts look with DeFi the project seems being hypes so even there's some
downside movements from bitcoin, this project still gaining interest and the value still doing great.

[Silberman]

When there was a huge bull in 2017 and bitcoin went up, it didn't went up as high as some of the other coins, that is the thing about drops and increases in bitcoin and altcoin world.

It was about 3k or so before the huge increase and it peaked at 20k, that means it was around 7 times higher, I remember ethereum being around 40-60 dollars and reaching to 1500 dollars, it was insane, and many many more coins reaching up to x50+ increases those days. After the drop? Well, bitcoin did dropped like 80% or so but usually it was higher around 6k+ levels whereas most of the coins that dropped was around 90%+ lost and some of them are still there, so that means bitcoin increases and decreases a lot less while altcoins increases and decreases a lot more while they do it together.

This is completely understandable, the market cap of bitcoin is many times higher than even the second coin in the market which means that its growth cannot be as big as the growth of other coins, it seems once again the excitement over ethereum is getting very high but I'm worried that all of the people that invest in it right now could lament their decision in the future because I do not really see how its current price can be maintained over the long term.

[Ayiranorea]

Nothing big, what we see in the market with bitcoin and altcoins is the regular market moves. We don't have anything to describe in particular, as there is no big news associated with cryptocurrencies. Like the ICO and IEO that made a market rise, now the DEFI tokens were playing its role. As a part more such projects have gained good marketcap, this will last until something new enters the market.

[Reatim]

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?

Welcome to  crypto market where the prices is really unpredictable and expectation will always your enemy.

Just 2 weeks after you posted this  Bitcoin is now  Sitting at $12,000 level so i think you should revised your post and phrase bitcoin and altcoins for the growth you have been  asking right?

this is the problem,we are always complaining when price is struggling but never been thankful when the market turn around to favor us?

Bitcoin will always go forward never forget that.
Not because there are certain fall meaning this is already permanent because volatility is what this market makes round.

[Silberman]

Nothing big, what we see in the market with bitcoin and altcoins is the regular market moves. We don't have anything to describe in particular, as there is no big news associated with cryptocurrencies. Like the ICO and IEO that made a market rise, now the DEFI tokens were playing its role. As a part more such projects have gained good marketcap, this will last until something new enters the market.

I do not think that what we have saw during the last months can be attributed to their regular market moves that we see all the time, it is clear that the market is once again forming a bubble but instead of being a bubble born out of icos or ieos as it was in the past what we are seeing is a huge interest in DeFi projects, and while there are some that are without a doubt interesting there are many that are being released just because they want to take advantage of the fact that people seem to throw money at those projects without taking the time to research them.

[el kaka22]

Why do you think it is a bubble, there is really nothing here that could be considered a bubble at all, price should have gone a lot higher if you wanted to call it a bubble, it has actually gone to a level where it is totally acceptable and stayed there. Of course it tried to go over 12k price as well and if it was around 14-15k I would say that could have been a small bubble, or if it went to over 20k that would have been a bubble for sure.

However going from 9k to 11.5k is not a bubble at all, it is barely a bull movement, it took a whole pandemic plus halving to make it go up that much, all of which should help bitcoin because one caused fiat to go down with so much money printing that helped crypto and the other caused half of all mined coins to be gone per day which should effect it. So, 9k to 11.5k in all of this is not a bubble at all if you ask me.

[qwertyup23]

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?

Nah, this is a normal day in cryptocurrencies given their current nature being highly volatile. If you observe that some prices of altcoins are steadily increasing while the price of bitcoin is not, then you may take that as an opportunity to acquire some altcoins for additional investment.
It is relatively difficult to look for a correlation about the increasing/decreasing of the price of bitcoin and altcoins as they are different.

Nothing big, what we see in the market with bitcoin and altcoins is the regular market moves. We don't have anything to describe in particular, as there is no big news associated with cryptocurrencies. Like the ICO and IEO that made a market rise, now the DEFI tokens were playing its role. As a part more such projects have gained good marketcap, this will last until something new enters the market.

That is true. If the increase in the price of altcoins is significantly huge compared to bitcoin, then we can deduce or speculate on why such thing happened. But with minor changes to its price, treat it with a grain of salt and consider it as an opportunity to either buy/sell some cryptocurrencies.

[pixie85]

It doesn't look like a temporary pump but rather a push towards the last ATH at 20 thousand. The bear market has to end at some point and all signs are showing that this run after the halving was a normal price action: last sell off before the halving followed by a bull market characterized by increase in the mining power and volume spike on exchanges.

I'm quite confident that those who bought at 3000 USD were the lucky ones. If we ever see such levels again it will be in the next big bear market after the new ATH.

[Hypnosis00]

...
I'm quite confident that those who bought at 3000 USD were the lucky ones. If we ever see such levels again it will be in the next big bear market after the new ATH.

But unfortunately, many had missed the train and have regrets.
People never think that possibility as we brag by this pandemic and cause to think negatively about it, but just surprise us how it rises despite the situation. Those who have guts and strongly trusted Bitcoin have also being paid of, they are actually seeing it while the others did not.

The market keeps moving high and people started accumulating more cryptos. This it helps to keep the momentum on the right track and I was seeing strong ends this year.

[hulla]

It doesn't look like a temporary pump but rather a push towards the last ATH at 20 thousand.

I think it too early to sure if it a temporary pump or the previous dump to be slightly market correction cause I read in an article about a whale that sold his 9000BTC if i remember correctly which i believe was what lead to the last dump. However, the trend pose by the market when it weekend will prove if the pump is temporary or not.

The bear market has to end at some point and all signs are showing that this run after the halving was a normal price action:

Thats because most weak hands are expecting the halving effect/ new ATH.

[elisabetheva]

...
I'm quite confident that those who bought at 3000 USD were the lucky ones. If we ever see such levels again it will be in the next big bear market after the new ATH.

But unfortunately, many had missed the train and have regrets.
People never think that possibility as we brag by this pandemic and cause to think negatively about it, but just surprise us how it rises despite the situation. Those who have guts and strongly trusted Bitcoin have also being paid of, they are actually seeing it while the others did not.

The market keeps moving high and people started accumulating more cryptos. This it helps to keep the momentum on the right track and I was seeing strong ends this year.

true, I also really believe that bitcoin will continue to move stronger and will reach its peak next year. if the end of this year it is predicted that bitcoin can reach $ 15K then it is certain that next year's bitcoin will be many times over from 2017. and those who have held bitcoin for a long time will certainly reap the rewards, but it's never too late because the time is still long at least we can also enjoy a little of the opportunities that exist, if you want to try to exchange altcoins to Bitcoin.

[Questat]

YES! Great things take time. Actually 20-30% down in a day is very ordinary in the crypto market.

Time to accumulate, that's what it says.

This isn't new so don't be a crying when you you should perform make a buy order! People are gonna be fearful ATM but when things settle down it will have some bounce normally!

For some people it might cause them panic but the old investors like it, especially the whales as they will be waiting to buy at dip when people are in panic, and that's the way they make an easy money from us.

[Mahanton]

...
I'm quite confident that those who bought at 3000 USD were the lucky ones. If we ever see such levels again it will be in the next big bear market after the new ATH.

But unfortunately, many had missed the train and have regrets.
People never think that possibility as we brag by this pandemic and cause to think negatively about it, but just surprise us how it rises despite the situation. Those who have guts and strongly trusted Bitcoin have also being paid of, they are actually seeing it while the others did not.

The market keeps moving high and people started accumulating more cryptos. This it helps to keep the momentum on the right track and I was seeing strong ends this year.

true, I also really believe that bitcoin will continue to move stronger and will reach its peak next year. if the end of this year it is predicted that bitcoin can reach $ 15K then it is certain that next year's bitcoin will be many times over from 2017. and those who have held bitcoin for a long time will certainly reap the rewards, but it's never too late because the time is still long at least we can also enjoy a little of the opportunities that exist, if you want to try to exchange altcoins to Bitcoin.

YES! Great things take time. Actually 20-30% down in a day is very ordinary in the crypto market. This isn't new so don't be a crying when you you should perform make a buy order! People are gonna be fearful ATM but when things settle down it will have some bounce normally!

For people who had been here on this market for a while now wont really be surprised into these kind of events but for who did just recently joined the party will really get shocked
on what happened specially if the price had plummeted down into these certain ranges or percentages but actually recovery phase would always be on the end of the line.
We cant just see a market that do continously fall down without any recovery.When it comes to price movement then Bitcoin and altcoins are correlated to each other(sometimes not)
some do presume out and do include it into their investment analysis.

[TheGreatPython]

Honestly when you look at all the crypto world right now, you could understand why it is in an actually weird phase right now.

We are talking about a phase when bitcoin and all other altcoins went up down first then up again and down again now, all within a week, just go to coinmarketcap and you can check all the coins and their weekly situation, you will realize that crypto world is in a situation where it doesn't know what they are doing, I would prefer if it was possible for crypto to be a bit more stable but unfortunately we all know that is not really possible, it is quite volatile and we would probably end up with even more movements in the end. Let's hope that in the end we are higher than where we are between all the ups and downs that is going on.