BTC PUMP, But Every other Coin Dumping!!

[BitTraderCute]

traders dump altcoin because they didnt want to miss the train when bitcoin price start rising. it several times happen and we know this habbit , it could be our simple strategy to gain profits in market. as long as bitcoin dominance still above 60%, holding bitcoin be main choice for us no matter there are alot potential coins , but certainity and risk must be first concern in our invesment.

[temporalminer]

There's a lot of money in altcoins. They will eventually go up and overcome bitcoin in profitability

But this 2020 cycle is completely different from everything that happened in previous cycles. At this point altcoins should be already up 100+%. Instead they're still down 80+%, this can mean 2 things:

1) Altcoins are dead

or

2) Altcoins will go rocket up 500% in a matter of a few weeks when they finally start moving.


I believe in number 2 but the market makes us feels like number 1 is in play. HODL or quit.

[grendel25]

As bitcoin goes so too, eventually, does the rest of cryptocurrency.  There are a few things happening when bitcoin surges:

1. alt-coin holders liquidate for BTC in order to make short term gains

2. Bitcoin buyers hold some amount of BTC but also start targeting small cap coins to enter for future gains. 

3. The alt-coin hodl'ers buy back into previously held positions to grow their holdings of the alt coin. 

This is good for bitcoin.  This is good for alt coins.  Just be patient if you don't want to play the trading game.  As long as the alt coin is good it will continue to grow.

[BitTraderCute]

See whats happening  on the market right now, btc and eth continue to soar as reverse to some altcoins. If bitcoin continue to pump then expect that some altcoins will also continue to go down too.

i dont think so mate, this is the early periode when bitcoin price pumped and traders directly covert their altcoin into bitcoin and ethereum. but after several weeks or days i am sure another altcoin will following bitcoin and ethereum price direction to soar. at this moment maybe top100 will have same direction and other altcoin dumped. and when traders thinking its bullish moment really come back not only bull trap , they will start buying altcoin.

[Harriti]

See whats happening  on the market right now, btc and eth continue to soar as reverse to some altcoins. If bitcoin continue to pump then expect that some altcoins will also continue to go down too.

Don't worry, I think this is a good opportunity to buy potential altcoins at a low price.
Bitcoin's strong growth but altcoins are bleeding because the US dollar is slowly depreciating. Americans and a number of other financial funds have sold off USD to look to Bitcoin in hopes of escaping the inflation of the Dollar. After the hype has faded, altcoins will follow in Bitcoin's footsteps and grow as strong as 2017.
Ps: I simply want to discuss, so this is just my prediction and hope everyone will look closely at the general economy to make the right investment decision.

[fourpiece]

See whats happening  on the market right now, btc and eth continue to soar as reverse to some altcoins. If bitcoin continue to pump then expect that some altcoins will also continue to go down too.

Don't worry, I think this is a good opportunity to buy potential altcoins at a low price.
Bitcoin's strong growth but altcoins are bleeding because the US dollar is slowly depreciating. Americans and a number of other financial funds have sold off USD to look to Bitcoin in hopes of escaping the inflation of the Dollar. After the hype has faded, altcoins will follow in Bitcoin's footsteps and grow as strong as 2017.
Ps: I simply want to discuss, so this is just my prediction and hope everyone will look closely at the general economy to make the right investment decision.

Yes, the current pump on bitcoin that is happening gives opportunity to those who love altcoins because once bitcoin stop from soaring, i think altseason will be the next in line. History will repaet itself so be ready for huge profit.

[redsun114]

This is very normal because when bitcoin pump then altcoins market down, again when bitcoin goes to down then altcoins market as same down. But one short if bitcoin price make sometime stable then all altcoins going to pump. It was a goo luck 2017 when bitcoin price growing continue then all altcoins market was very well pumping.

That's because instead of withdrawing their alts and exchange it to btc because of fear missing out the train or afraid of the alts gettin dumped so hard the people back in 2017 invest into some alts directly from USD.

But, that's simply because people back then has no clue what kind of investment they are getting into and turns out to be a big flop. Nowadays, bitcoin and alts to me seems like mantaining some balance to each other.

There are still some people who go right into altcoins as well but they are at least a bit smarter about keeping a bit of it on coins like btc and eth, they know that what they are doing is risky so they do not go all-in anymore like people did in 2017.

There is no way people would have been able to keep the defi prices and volume at such a huge level and have like 200+ million volume on uniswap if they were "that" careful, obviously people are still a bit more brave and silly at the same time (depending on the result of your investment) but that doesn't change the fact that you do not end up doing anything risky when you keep most of your coins at btc, so why not try smaller projects with like 10-20 dollars each to see what will happen, maybe 1 out of 10 could come out to be something decent, who knows?

[Searing]

See whats happening  on the market right now, btc and eth continue to soar as reverse to some altcoins. If bitcoin continue to pump then expect that some altcoins will also continue to go down too.

Bitcoin and ethereum have already dominated the market. The rally becomes more stronger in the top cryptocurrencies while others are slowly moving up. Other altcoins which don't have announcements or updates move down as expected. If the rally will continuously happen, expect a more bullish market.

So what is the consensus on this thread? Is this a product of 'speed' of price rise of Bitcoin and will Altcoins eventually catch up in price ..if not the same percentage as

say the Bitcoin price shooting up (it is Bitcoin by the by) ...but still enough to HODL sh*tcoins/altcoins rather than move them to BTC? Or is it that the speed of the BTC

rise and consquential pump of Bitcoin to cause a and current speedy  overcorrected "maybe' dump in altcoin prices..mean altcoins in the 'future' won't recover

significantly, in price? The great and 'lagging' usual 'altcoin/shitcoin to BTC price revival?

 In other words, should I have sold my altcoins already and bought into the pump of Bitcoin and

now, and likely in the future the altcoins, in price and significance, will be left farther and farther behind, with Bitcoin pumping? ie boat missed will never catch up

with future BTC pumps by HODL'ing 'dubious' altcoins at this point in time? i.e. 2020?

I ask because in the past (when altcoins were proportionally much closer to price than Bitcoin like those 'ancient' days of the past of Jan 1st, 2020 and Bitcoin was

$7,234.47 as an example)

So to clear up my 'mess' of questions above, will, in folks opinon here mean that 'unless' Bitcoin goes down significant'y in price from $15k and/or sideways and/or has a

signficant dump on its way say...and I continue to HODL my altcoins for a pump..I should maybe just 'punt' and sell them instead?

Or will Bitcoin stabilize at whatever price $16k, $20k, $25k ...and then we will have the 'great' altcoin revival ..surpassing the % increase per altcoin price rise

vs Bitcoin % price rise instead?

The old 'saw' Bitcoin goes up 1/3rd and LTC and ETH double in price? I of cour Not that I think it will apply like that as some have done in the past?

I'm pretty much clueless if anything hangs together altcoin wise in this manner anymore in the screwy days of 2020!

Jump in here on which way the mop may flop above, if you are like me, sitting on your hands with some Altcoins you are wondering about cashing out of

and just going all in (or HODL) on Bitcoin only!

Brad

[DU18]

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?

Some positive news that hit BTC and ETH in the past 2 months has made the prices of BTC and ETH continue to experience rapid price increases, for example, such as ETH, which is getting ready to launch ethereum 2.0 so that investors start selling other alt coins and buying alt coins ETH and also BTC so that the buying volume of ETH and BTC becomes bigger so that it automatically pushes the price of BTC and ETH has increased prices and the large volume of selling other alt coins certainly affects the decline in the prices of other alt coins besides BTC and ETH in the market.

[Benefactor]

Which is clear that they share benefit to other altcoin or they want to put resources into altcoin as opposed to pulling out them straightforwardly due to charges. it actually that difficult to think on the conceivable outcomes or the real thing that do occur in the current market. I wont state that it is the specific explanation however on the off chance that bitcoins value will in general ascent, at that point more often than not, alt market do endures or would clearly place in reds yet there are times that alts will come into the current development of bitcoin.

[lkjhg]

See whats happening  on the market right now, btc and eth continue to soar as reverse to some altcoins. If bitcoin continue to pump then expect that some altcoins will also continue to go down too.

Bitcoin and ethereum have already dominated the market. The rally becomes more stronger in the top cryptocurrencies while others are slowly moving up. Other altcoins which don't have announcements or updates move down as expected. If the rally will continuously happen, expect a more bullish market.

altcoins are late in anticipation but the opening will not move. It is certain that altcoins will also follow the movement of bitcoin, although it is too late but for sure altcoins will also be excited, especially of course the altcoins that are in the top ranks, but do not seem to touch for new altcoins, they have to work

Altcoins are currently having a bad price, but this is an opportunity to make even more profit,
because almost all altcoins are in the bottom zone, very good to buy before they wake up.

[paramind22]

I think there is a chance for the staking coins to go up but only if people teach each other how to stake.  An educational movement in that would cause many people to buy the coins and make the prices rise because of demand.

[optimisticcm]

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?

This happens especially when the bitcoin increases in dominancy and it is not hard to understand, let me help you understand this, lets say the total market cap remains the same then due to some fundamental or technical events bitcoin increases in price and dominancy now the total marketcap remains the same so the money flow cap from the alts to btc resulting in reduction in their price.

[SlimShadyMmp]

The Problem is You cant just tell these kind of things I think personally is become a tradition that whenever BTC pumps altcoins bleed out and when BTC normalizes altcoin start the pump So maybe look at it as BTC Clearing the bull way for altcoins Big daddy making sure the road is clear

[Onuohakk]

Am deeply worried and my expectations to see altcoin skyrocket with bitcoin are being tested upon each passing day. All I ever wanted is to see altcoin moon like the days of the 2017 bull run. Although I missed it.
What bothers me most is whether the altcoins I have, will they be part of altcoins that will skyrocket when the bull run starts cos they all look bearish

[gamer4156]

Bitcoin is keep increased bull market. Be that as it may, after the Bitcoin buyer market and gradually drop in value the altcoin rises. Each time bitcoin siphon the vast majority of the altcoin are unloading and this happen so often in the previous year next to the landfill isn't unreasonably large so nothing to stress over with your altcoins.