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takngantuk (OP)
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November 13, 2020, 01:18:07 AM |
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today I read several articles. and I found an interesting article. the article was titled if bitcoin is sideways then it allows altcoins to rally higher. you can read it here> https://cointelegraph.com/news/sideways-bitcoin-price-allows-defi-ethereum-and-altcoins-to-rally-higherwhat I want to ask is what if bitcoin is not sideways ?. as at this time bitcoin continues its positive trend, BTC is past $ 16k. Will this put the altcoin market into trouble? I'm looking at ethereum, and some altcoins like nothing has changed. I am afraid that if the bitcoin trend continues the altcoin market will decline. so maybe now is a good time to sell altcoins before that happens. what do you think my choice is wrong? |
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Hallmader
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November 13, 2020, 01:22:58 AM |
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It depends on the altcoins that you are holding. If you are holding ETH then I think you are not in a bad position really. ETH has its own rally although much weaker than Bitcoin's. But that does not mean you need to sell your ETH. ETH is growing in itself.
And don't assume that Bitcoin's rally always means altcoins crashing. Remember the last time Bitcoin rallied so hard and got an ATH out of it? It was also the time when altcoins also rallied and made their own ATHs.
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tbct_mt2
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November 13, 2020, 01:33:00 AM |
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DeFi tokens are mostly shit tokens and they will be killed in price. It won't happen in matter of hours or days but after months the shit tokens will fall down to the hell price of zero.
Altcoins will rally and jump into their bull mode soon. I am waiting for their bull mode next one or two seasons. When whales finish their works and games with bitcoin, altcoins will have their turns and show their strength.
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bitkanu
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November 13, 2020, 02:44:28 AM |
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It will not make the altcoin market in trouble. Where did you see that if there were no movements happened in the major coins? you should see the weekly gains by the major altcoins and you will know the difference.
Almost all of the major coins have been getting positive Impact from the bitcoin pump.
I doubt the altcoin market will decline because yesterday when bitcoin was pumping and altcoin was not declining.
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bitmover
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bitcoindata.science
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November 13, 2020, 02:51:38 AM |
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I am afraid that if the bitcoin trend continues the altcoin market will decline. so maybe now is a good time to sell altcoins before that happens.
what do you think my choice is wrong?
Altcoins depend on bitcoin. If bitcoin uptrend continue, it will be good (in the long term) for altcoins. If bitcoin shifts to a downward trend, altcoins will be in trouble. The point is: Shitcoins, like most of the DeFi, will go to zero sooner than later, and price bitcoin price will not change that. |
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Kemarit
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November 13, 2020, 03:24:06 AM |
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First you need to understand a couple of things,
(a) when Bitcoin goes up, majority of the altcoins decline
(b) when altcoins keeps pumping, bitcoin might go down
(c) altcoin pairings are based on Bitcoin
With that said, as Bitcoin is currently going to $16,500 most altcoins are bleeding because investors are shifting to Bitcoin market. And most Defi and Uniswap and YFI hype are gone now, that's why there is a sudden move to Bitcoin.
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samcrypto
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November 13, 2020, 03:30:58 AM |
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DeFi tokens are mostly shit tokens and they will be killed in price. It won't happen in matter of hours or days but after months the shit tokens will fall down to the hell price of zero.
Despite of the hype on DeFi project, I can say that some project are good and meant to stay in the market so I don't think they'll be in danger because after the upward of Bitcoin, good altcoins will follow and this is where the market is heading right now. Altcoins are good and their season will come again, for now grab many good altcoins now before they start to rise again, no one can stop good altcoins to follow the trend of Bitcoin. Its really good to see a bull market again.  |
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pakhitheboss
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November 13, 2020, 03:43:02 AM |
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Last time when Bitcoin rallied good altcoin like ethereum, litecoin and Ripple talked and also achieved a new ATH. It basically depends on the kind of altcoin you are hodling. All good altcoins are rallying with Bitcoin in the present market but shitcoins are getting destroyed.
Still cryptocurrency market is very unpredictable if Bitcoin goes above $20k then it is a possibility that altcoins will bleed as traders/hodlers will sell their altcoins to take a position in Bitcoin.
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FairUser
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November 13, 2020, 03:59:00 AM |
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today I read several articles. and I found an interesting article. the article was titled if bitcoin is sideways then it allows altcoins to rally higher. you can read it here> https://cointelegraph.com/news/sideways-bitcoin-price-allows-defi-ethereum-and-altcoins-to-rally-higherwhat I want to ask is what if bitcoin is not sideways ?. as at this time bitcoin continues its positive trend, BTC is past $ 16k. Will this put the altcoin market into trouble? I'm looking at ethereum, and some altcoins like nothing has changed. I am afraid that if the bitcoin trend continues the altcoin market will decline. so maybe now is a good time to sell altcoins before that happens. what do you think my choice is wrong? I have been witnessing recently is the uptrend of both the market and bitcoin is still increasing in price  so the view to go sideways is wrong. But altcoins are also going up very well, i see the cryptocurrency market being pumped into the whole market, not just bitcoin. Right now the most attention will be on bitcoin and ethereum because of what's going on in the market and news of the future of ethereum, i also think that if bitcoin continues to rise, then altcoins could fall. Anyway down is my own personal judgment but I suppose this is most likely because we know what happened in the past. |
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michellee
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November 13, 2020, 04:23:48 AM |
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today I read several articles. and I found an interesting article. the article was titled if bitcoin is sideways then it allows altcoins to rally higher. you can read it here> https://cointelegraph.com/news/sideways-bitcoin-price-allows-defi-ethereum-and-altcoins-to-rally-higherwhat I want to ask is what if bitcoin is not sideways ?. as at this time bitcoin continues its positive trend, BTC is past $ 16k. Will this put the altcoin market into trouble? I'm looking at ethereum, and some altcoins like nothing has changed. I am afraid that if the bitcoin trend continues the altcoin market will decline. so maybe now is a good time to sell altcoins before that happens. what do you think my choice is wrong? If bitcoin is not sideways, then the bitcoin will have the possibility to go down or go up later. But we don't know what will happen with the altcoin, but some altcoin already increases, although not much. The bitcoin price still increases as I see that in the market, the line for bitcoin is up even if there is a little correction for the price. But remember, we are at the weekend now, so I think bitcoin can go down and make a correction once again. But I don't think the altcoin market will be in trouble because the altcoin can adjust its price and some of the altcoins can increase. I don't think that selling altcoin will be good, especially if you already bought the altcoin a few days ago because the increase is too little, and that can make you get lost because of the fee of the transaction. But if you think that you can profit from selling your altcoin, you can do that right away before something worst happens in the market. |
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Festac
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November 13, 2020, 08:10:36 AM |
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Altcoin market is not in any trouble, if bitcoin is surging and altcoins are falling it's because Bitcoin dominance keeps surging too, it's normal to see altcoins dumping or not reacting to bitcoin Bullrun but for how long? Very soon altcoins will become bullish themselves
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Octular
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November 13, 2020, 08:13:15 AM |
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Do not think there is a need to worry. BTC usually pulls off first and then alts follow. Now we have the Paypal money train to boost as well |
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Coin_trader
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November 13, 2020, 08:18:14 AM |
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Altcoin market is not in any trouble, if bitcoin is surging and altcoins are falling it's because Bitcoin dominance keeps surging too, it's normal to see altcoins dumping or not reacting to bitcoin Bullrun but for how long? Very soon altcoins will become bullish themselves
Yep, Altcoin volume are transferring to BTC volume which result for Bitcoin strong dominance on crypto market. Its either fresh money will enter on altcoins just like what happened lately on DeFi or BTC will slow down its momentum so that Altcoin will catch up the uptrend movement of BTC. Its absurd to invest right now on Altcoin while BTC is still showing a strong bullish movement. So far altcoin market is on red days. |
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Akiko
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November 13, 2020, 08:18:44 AM |
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today I read several articles. and I found an interesting article. the article was titled if bitcoin is sideways then it allows altcoins to rally higher. you can read it here> https://cointelegraph.com/news/sideways-bitcoin-price-allows-defi-ethereum-and-altcoins-to-rally-higherwhat I want to ask is what if bitcoin is not sideways ?. as at this time bitcoin continues its positive trend, BTC is past $ 16k. Will this put the altcoin market into trouble? I'm looking at ethereum, and some altcoins like nothing has changed. I am afraid that if the bitcoin trend continues the altcoin market will decline. so maybe now is a good time to sell altcoins before that happens. what do you think my choice is wrong? The altcoin market is also following Bitcoin trend .just in case bitcoin continues to rise I hope that the altcoin season will also begin there, I am not expecting to have longer time for altcoin season .but it will ,once Bitcoin become so strong and other traders know its hard for them to earn more trading it, so more of them will move to altcoin And that's what altcoin seasons will be started. |
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Bitstar_coin
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November 13, 2020, 08:22:29 AM |
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Lets hope alts are warming up in the back ground ready to pop as well, yeah, btc have been on the up trend for the past 1 week now, the good thing about it is it look like a smooth ride to the top, 16k+ and keeps going, i think investors have shift from defi to btc or perhaps institutional investors are pumping money since the announcement of PayPal supporting btc,
but i do think soon enough alts will follow but nobody knows when exactly that will happen.
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Francis Freeman
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November 13, 2020, 08:24:15 AM |
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Lets hope alts are warming up in the back ground ready to pop as well, yeah, btc have been on the up trend for the past 1 week now, the good thing about it is it look like a smooth ride to the top, 16k+ and keeps going, i think investors have shift from defi to btc or perhaps institutional investors are pumping money since the announcement of PayPal supporting btc,
but i do think soon enough alts will follow but nobody knows when exactly that will happen.
Even I hope this is the case as well. I believe that after Bitcoin pump consolidates and the price stabilises then the altcoins will continue their bull run. I wish we see 2021 like what we had in 2017. |
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DoubleAweSeven
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November 13, 2020, 08:26:20 AM |
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Top altcoins in the coinmarketcap isn't going to go down without Bitcoin going down so it's safe to say that altcoins are safe if what you bought is in the top 20 coins, if down below, it's really unpredictable and might dump anytime once more investors starts pouring money to Bitcoin instead of lower alts.
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KaratX
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November 13, 2020, 08:26:43 AM |
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It's not altcoin time yet, bitcoin always takes the lead and once it reaches a new ATH the door will be open to altcoin, I recommend everyone to start picky very good altcoins and store in your portfolio because after bitcoin is done altcoins will start its own bullish move.
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GreatArkansas
Legendary
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Buy/Sell crypto at BestChange
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November 13, 2020, 08:27:01 AM |
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We can also consider the Bitcoin Dominance here.  The 64% area level of Bitcoin Dominance broke recently is really significant that's why we really don't see a huge pump of some altcoins after the Bitcoin pumped recently which broke $15,000 and now $16,000. I am still looking forward bitcoin Dominance will reach around 70% and that's the time we can see for altcoins' turn for their run. |
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Shallow
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November 13, 2020, 08:27:30 AM |
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There are many altcoins quite alright but there are some which are held in high regards than others, and these ones held in high regards are hardly affected by Bitcoin pump, and some of these altcoins are Ethereum, LTC and so on. Therefore, about if the growth of Bitcoin will affect altcoins negatively, the answer is yes but not all altcoins. So this now depends on the type of altcoins in your portfolio, if you are holding good altcoins like previously mentioned, then there is nothing to worry about, because nowadays as Bitcoin is growing, Ethereum always tend to follow it. But as for most altcoins, mostly the new ones, they are risky in this case, because most holders or investors, will like to sell their altcoins to either Bitcoin or Ethereum, this will in turn affect altcoins.
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