BTC PUMP, But Every other Coin Dumping!!

[Searing]

This always happens...we need something like Bitcoin to stay like above $15K, due to adoption, not speculation. At that point, FOMO for Altcoins also

kicks in as they are 'cheaper' per unit. In the past the Altcoins tend to go up faster in such a senario and then dump even more than Bitcoin ..should BTC

back slide some. So the 'trick' is ..to 'time' your altcoin sales at that sweat spot for Bitcoin, IMHO.

Sometimes this works, but even so you will never time it at the ATH for your particular Altcoin vs Bitcoin...but hey, hope springs 'eternal'.

Thus, myself, I have the usual forks of BCH and BSV ...I plan on dumping 1/2 of them...leave the rest alone on legacy wallets. *no real reason, just doing so*

have some LTC/LISK in a Solo401k plan I should *probably* dump for 'income' now that I've retired. And Siacoin (don't ask me why)..which I should also dump.

My timing sucks, only all above worth maybe 3 BTC after cap gains and stBradate taxes...was 6 BTC a few months ago, live and learn.

But, yeah, this is the last or most altcoins I plan to move to BTC...but 'timing' wise don't pay any attention to me.

Again, the catch is when Bitcoin Pumps all Altcoins 'dump' as people get out to 'buy' Bitcoin on the FOMO.

So, I'm in HODL mode on my 'altcoins' above, until, HOPEFULLY, Bitcoin stabilzes at a floor price of say $15k and then the Altcoins (in the past..remember

I know zip) have then caught up. So if I'm right and time such, I can get some more BTC than selling Altcoins now...if I am wrong..my alcoins will 'mostly'

go poof anyway and I will dump and my problem is also solved. (win/win/sob!)

But to me, enough drama with BTC ..plan to get the rest of my mined and other dubious altcoins out the door for Bitcon ASAP!

Then *hopefully,* I will only have to *fret* about what to do with all my BTC money? Will I wimp out and sell to much? Will so much $$$ worth of Bitcoin

*mysteriously* make me more attractive? Only time will tell on the above ..*clueless* I'm just winging it!

Brad

[fourpiece]

The reason why some alts are down and btc is going up its because they sell thier altcoins and invest into bitcoin to get a position when btc will fully go up high like $20k,  btc is dominating the market and thats why some alts are down.

[shoreno]

The reason why some alts are down and btc is going up its because they sell thier altcoins and invest into bitcoin to get a position when btc will fully go up high like $20k,  btc is dominating the market and thats why some alts are down.

the dump effect happens on my portfolio too which are only compose of tokens , id say not really a good token because i only got them in a giveaway kind of programs .  i dont think serious investors invest on them and i dont think hunters or the holder of this coins sold thier part because these coins are still in a bad shape .

there must be another reason here and not because of the common reason that you were saying but its possible that people are accumulating more btc and they buy it using thier own cash

[CASTIEL05]

The reason why some alts are down and btc is going up its because they sell thier altcoins and invest into bitcoin to get a position when btc will fully go up high like $20k,  btc is dominating the market and thats why some alts are down.

the dump effect happens on my portfolio too which are only compose of tokens , id say not really a good token because i only got them in a giveaway kind of programs .  i dont think serious investors invest on them and i dont think hunters or the holder of this coins sold thier part because these coins are still in a bad shape .

there must be another reason here and not because of the common reason that you were saying but its possible that people are accumulating more btc and they buy it using thier own cash

Coti before it dumped hard, it reached 800 satoshi. But it is 200 sats right now. Icon which I bought around. 5 sats has 2k sats right now. Actually, I cannot anymore digest the happenings in altcoins. My portfolio is killing by the certain drops of the price. I hope altcoin will revive soon because we already suffered from a great loss due to btf dominance.

[peterpanda]

Most of the people are holding bitcoin at this time. They are selling most of the altcoins for buying bitcoin. As a result the price of altcoins is decreasing and the price of bitcoin is increasing.

[FairUser]

For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down? Especially the top alt coins which had a good price before the dump.
For example BnB was 31$ when btc was 11300$ and ETH was on 380$ when BTC was 11400+$ . Now BnB at 28.7$ and ETH at 370$. Any reason for the dump?

From the moment you post this post to the present you can find the answer for yourself. With the good news that BTC has gone up and we are looking forward to 15K, the Altcoins is understandable, as we've been in for a year affected by the plague. And now it's the end of the year and I think many Asian investors will get their money back.

[pallang]

Its just a normal thing,  if traders saw btc starts to pump they start to sell thier alts and put it on bitcoin, and when bitcoin is going down they start to sell and put them on altcoins, thats why altcoins will start to pump. Vice versa.

[SquallLeonhart]

I understand that people are upset over the past weeks results and that is fine but look at whats going on right now, the altcoins are making a great come back. decred, omg, celsius, file all made a big comeback and I think it will go on to even bigger ones as well. Even ethereum is not falling anymore and that is at least a start for now, I believe not falling is the first step to going up.

Altcoins will recover from this faster than we imagine, bitcoin went up just too fast and altcoins couldn't catch up with how fast it was, so they got low a bit but I am 100% sure that when bitcoin slows down a bit and doesn't move, altcoins will find the time to recollect and reach back to where they were and even gain on top of that as much as bitcoin does at the end.

[ibuddy122505]

Its just a normal thing,  if traders saw btc starts to pump they start to sell thier alts and put it on bitcoin, and when bitcoin is going down they start to sell and put them on altcoins, thats why altcoins will start to pump. Vice versa.

This thing works constantly, however persistence could decide your prosperity. The market is volatile to predict and the sudden downfall of other altcoins at least indicate that it's not an easy put on attention equally. When Bitcoin is on fire, it's simply matter of time alt season on the way!

[paramind22]

I understand that people are upset over the past weeks results and that is fine but look at whats going on right now, the altcoins are making a great come back. decred, omg, celsius, file all made a big comeback and I think it will go on to even bigger ones as well. Even ethereum is not falling anymore and that is at least a start for now, I believe not falling is the first step to going up.

Altcoins will recover from this faster than we imagine, bitcoin went up just too fast and altcoins couldn't catch up with how fast it was, so they got low a bit but I am 100% sure that when bitcoin slows down a bit and doesn't move, altcoins will find the time to recollect and reach back to where they were and even gain on top of that as much as bitcoin does at the end.

Most older alts are down so low they would have to go up 200% to make money on or break even on what they were bought at not so long ago.

So much manipulation.   I think staking now is the only way to make money in crypto.  Unless you are very aware of current trends, like the people who made money in Defi.  You could dollar cost average Defi coins and maybe make so money but you need to have your capital to do that.

[seleme]

It happens and the name of this relation is a correlation in finance. The positive correlation can cause big gaps between the top and low-rank altcoins, so checking the correlation graphs is a safety measurement from getting stopped out before trades. Altcoins will not gain value soon, the markets are in the depressive mood, IMHO.

[lifeOK]

Its just a normal thing,  if traders saw btc starts to pump they start to sell thier alts and put it on bitcoin, and when bitcoin is going down they start to sell and put them on altcoins, thats why altcoins will start to pump. Vice versa.

things that are always done because everyone also wants to enjoy something that must be achieved, so I agree with what you say that things like this are normal things to happen because everyone also doesn't want to let go of the best moment. want to enjoy the benefits of bitcoin which is on the rise.

This is called smart move, since It's not bad to take profit, and re buy back again. There lots of people use the moment and enjoy the benefits of bitcoin which is on the rise as you state. Its just dumb if you make a dumb move right. Been in the crypto market for over 3+ years and following the pattern would be best move.

[gwdf1]

Not all time the price of the altcoins to the bitcoin because they have day that they are difference , but most of the movement of the altcoins is same to the bitcoin but not always you okay with that? Depends on how many buyer buy bitcoin and altcoins maybe on that day they have differences happen but be still thankful because both altcoins and bitcoin is not dumping the value.

Even experts will never give you the answer to the question why Bitcoin and cryptocurrencies do not go up or down (in the same direction) all the time. Bitcoin, as the best crypto of all the times, and probably, the king of the crypto market forever, will be steadily growing in future.

[MuffinMaster]

Even experts will never give you the answer to the question why Bitcoin and cryptocurrencies do not go up or down (in the same direction) all the time. Bitcoin, as the best crypto of all the times, and probably, the king of the crypto market forever, will be steadily growing in future.

Here, on this forum I see something completely different.. Reading the speculation section, it may seem that most Bitcointalk users are price predictions specialists.
Of course nobody can predict the price, but what actually happens is that when Bitcoin's price starts to rise very quickly, altcoins go down. This is probably because investors simply move capital from alts to BTC.

[royalfestus]

It is not the repeat of last year with bitcoin and it is a big consolation for altcoin. Since last year November we have seen bitcoin lead the pump while ethereum follows. Ethereum is not having the dump that we saw last year which shows its keeping a close mark to push after bitcoin. I hope after USA election and some relief from pandemic we can see another ride in the space. Where are the bitcoin maximalists in last 4 months on social media until last few weeks? there is no cause for alarm, altcoins is needed here  but not all of them

[Btra]

This is the real truth that now only BTC is pumping because of the many people are working from and who are jobless they are finding a new opportunity for the income. So, if 2% of the people from the jobless have come to here in the crypto market then BTC must go towards $14,000 by dumping. And looking at this stage the other cryptos are also making a slight growth but have not seen a real growth like the 2017 bull. This situation of the BTC growth looks like artificial growth. So, trade very cautiously.

[maldini]

I do hold altcoin too yet we are as yet ward to bitcoin and if bitcoin prevailing to break the obstruction and proceeds the up pattern, the following move for altcoins is additionally to siphon higher after this short dump. I was truly dithering to purchase that altcoins from the start since I'm thinking btc will siphon in hardly any months, yet since they're truly modest that time I needed to get them.

[bitterguy28]

I do hold altcoin too yet we are as yet ward to bitcoin and if bitcoin prevailing to break the obstruction and proceeds the up pattern, the following move for altcoins is additionally to siphon higher after this short dump. I was truly dithering to purchase that altcoins from the start since I'm thinking btc will siphon in hardly any months, yet since they're truly modest that time I needed to get them.

Bitcoin show some good stats last week taking the $14,000 value but step down instantly after a while.

I think Holding and Buying Altcoin for now is one Best action than Looking for what is the big difference between alt and BTC.
In this we can assure our folio to be Blooming once the Bull run comes,and we can take our much awaited Income for long.

[Reatim]

For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down? Especially the top alt coins which had a good price before the dump.
For example BnB was 31$ when btc was 11300$ and ETH was on 380$ when BTC was 11400+$ . Now BnB at 28.7$ and ETH at 370$. Any reason for the dump?

Why not create the same thread 1 month Before this one?when the price of Altcoins are growing high comparable to what is Bitcoin movement?
Sometimes we are just looking about the single position but not in the whole Phase.
Defi coins are altcoin also But they are moving High even other altcoin is subsiding so why bother when you have seen these for so many times before..
bitcoin is the Top currency and being the model coin in which must Pump first before others follow.
this has so many users and supporters compared to altcoins so just Keep the holding eventually your alts will move up as well.

[fmz89]

alt bleeding continue until btc consolidate in this month, many alt will recover in december, before btc continue to climb

this moment is crucial for both side, high volatile shaking trader to wild, even hype eth 2.0 dont match btc effect

many alt relly on eth price, they follow eth trend