bitcoin continues the positive trend today, is the altcoin market in trouble?

[jacafbiz]

For majority part of the year, ALtcoins had their time in the limelight and you see people calling Bitcoin Stalling and now it is Bitcoin time to shine, it is a see-saw relationship between BTC and ALtcoins, what you should be doing now is looking at the right Altcoins to buy when they are cheap

[ven7net]

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-higher

what 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?

For a long time I began to think about how everything happens in the crypto market. Yes, BTC is now showing growth and I believe that all this is also possible due to altcoins. Based on this, we see that only BTC is growing, while altcoins are standing still or may even go down. But we also know that the growth of cryptocurrency in the market can be milestone. First, BTC grows, then certain altcoins grow. Such a scheme has been already many times and it is possible it will be this time. I also believe that ETH has a potential for growth, although its price is now very low.

[RealMalatesta]

So far it looks like it isn't in big trouble, for a while it looked like just because bitcoin went up a lot, price could have gone down a lot but looking at what is going on right now I could say that it is safe to say that is not going to happen.

Under 1% spread red for the market is not a big deal, it is something that could be recovered within an hour so when something this small happens I act as if it is ignoreable and nothing to care about, might as well be unchanged in this type of market and it would have been same. However that also shows power as well, when bitcoin goes up a lot, alts were expected to drop but didn't drop so it could totally mean that alts will have a good rally once again after bitcoin stops or at least takes a break and they could go 5%+ again.

[cabron]

Bitcoin is dipping now but the altcoins weren't rallying, this is contrary to the narrative that "if bitcoin goes sideways, altcoins to rally higher" it certainly isn't what goes on now.  Bitcoin taking a dip means altcoin also sinking but there are notable tokens that were speculated to go up and they gaining green % today. The most noticeable altcoin the keeps the growth is WAVES.

[2tang]

Bitcoin is dipping now but the altcoins weren't rallying, this is contrary to the narrative that "if bitcoin goes sideways, altcoins to rally higher" it certainly isn't what goes on now.  Bitcoin taking a dip means altcoin also sinking but there are notable tokens that were speculated to go up and they gaining green % today. The most noticeable altcoin the keeps the growth is WAVES.

Often when we see when the price of Bitcoin has shot up, the price of the majority of other Altcoins has also experienced a quite high price increase. Therefore, there is an assumption there is an interplay between them. However, this kind of correlation is not always fixed. There are times when the Bitcoin price goes up, some Altcoins actually experience a price decline / stability like what is happening now in the market, the price of bitcoin which has reached its highest price this year, which is $15,905.50 doesn't seem to have a strong influence at all on altcoins and I think the cause is currently the price of altcoins is under pressure because money flows into the Bitcoin market in other words many investors / traders sell their altcoins and exchange them for bitcoin.

[cryptonx]

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-higher

what 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?

a corrections coming on bitcoin now, maybe this is the right time to choose some good altcoins mate
because when bitcoin continue the rally, i believe altcoins will follow the movements of bitcoin

[oscarftw]

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-higher

what 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?

All and everything needs correction time the same as Stock exchange or cryptocurrency. Bitcoin correction time between the next 4 months. In 4 months altcoins will pump, that's sure. But we can't be sure which coin will be valuable from all the cryptocurrency. Bitcoin investment is much easier than others, we don't need to think about altcoins situation.

[beerlover]

If you are a holder, holding small tiny coins that may or may not grow big in the future shouldn't be a big problem unless you give a big portion of portfolio over to them. Have like 90%+ portfolio filled with trustworthy and good coins such as bitcoin and ethereum and anything else like that, but aside from that you could have a tiny portion of your money into these type of small coins.

If they do not grow big that is fine because increases in bitcoin and ethereum are big enough to cover that difference and make you a profit, but if they end up growing big and huge they could make you extra amount of income that would yield you a ton of profit. That is just how it should be in anything regarding crypto world, big portion in big stuff and small portion in small stuff.

[bitcon]

I think things are better now. bitcoin is still at the price of 16k and there is no sign of it moving again. This is great for the altcoin market, as there will be price consolidation in the near future. so it's not a problem but a favorable situation because we buy cheaper before the price goes up.

Taking into account cryptocurrencies volatility, it will be easy to guess than these days, Bitcoin will start rolling back. However, the down point of BTC stays unknown. As for altcoins, the best ones will gain.

[michellee]

In my opinion this is the moment where we can buy some altcoins, some things in common in 2017 where the price of bitcoin and altcoin does not always follow the price of bitcoin and tends to wait for the price of bitcoin to fall, when the price of bitcoin drops there is a movement in all altcoin prices, where there are similarities in the golden year of altcoins in 2017, although this is only my amusement, and it all depends on what you see at these two different prices, Bitcoin or Altcoin certainly has no similarity in price in all markets.

There is nothing wrong if we don't take the opportunity to take the opportunity while altcoin prices are still relatively stable and haven't tended to increase, if things happen again then we are ready to benefit from Altcoins and Bitcoin ..

But you need to be very careful if you want to buy some altcoins because not all altcoins can have a chance to increase in the next bull run. Maybe if you just select the top 25 coins list, that will not difficult to find the potential altcoins, which can rise later. This situation makes it difficult to analyze which coins can increase because bitcoin and altcoin tend to wait for a while and make the market in a sideways position.

If we don't want to risk analyzing the coin and making a wrong decision, we can calm down and only wait and watch the price moves. Bitcoin and altcoin will rise in the end, and as long as our coins have a chance to increase, we will make a profit later.

[DevilSlayer]

Even though the bitcoin dominance reached 65%, it doesn't mean that the all of altcoins are in trouble but there are really selected altcoins that can experience huge dump and high selling pressure so be careful if you will buy or trade altcoins. For me the bitcoin dominance can increase more in this following days so it is better if we will now trim positions if we have some altcoins. As for my own observation, the altcoins that experiecing high selling pressure while the dominance of bitcoin are keep increasing, are the altcoins that doesn't have volume where the there are whales who are manipulating the price

[traderethereum]

I think we are seeing some alikeness of what happen to 2017 bull run to this on going bull run wherein bitcoin started its bullish run and all the altcoins will follow afterwards. Also I dont think that altcoins are in trouble just for example the ethereum and other top rank alts are also in good trend but instead they are I think preparing themselves to make their bullish run as well.

The altcoin will survive if bitcoin gets a bull run, especially for the top altcoin, which has a good position in the market because the altcoin itself has good support to stay at the current price.
But that will not happen to the altcoin, which does not have more support because that altcoin will drop too deep and make that altcoin hard to rise.
So far, ethereum and the other top altcoin can handle the price and still hold from the drops because the ethereum still stays at more than $400.
But we don't know how long the altcoin can start to have the bull run because bitcoin is not starting another rally, so maybe it will happen in the next week.

[hulla]

Bitcoin market making positive trend will not have any negative effect on the altcoin market if the altcoin have good concept and utility. Aside from that, before altcoin have could reach a new ATH, Bitcoin always lead the market so if Bitcoin market is in total bullish all genuine altcoin we have will follow the bullish trend so theres no need to panic if Bitcoin is in a positive trend.

[tvplus006]

Bitcoin market making positive trend will not have any negative effect on the altcoin market if the altcoin have good concept and utility. Aside from that, before altcoin have could reach a new ATH, Bitcoin always lead the market so if Bitcoin market is in total bullish all genuine altcoin we have will follow the bullish trend so theres no need to panic if Bitcoin is in a positive trend.

But this situation happens all the time, when the price of bitcoin increases, the price of altcoins decreases, because many people in this case want to have BTC, which is growing. And at such times, investors sell their altcoins and buy BTC. But as soon as the price of bitcoin stops growing, investors remember about altcoins and shift their money to buy them.

[hulla]

Bitcoin market making positive trend will not have any negative effect on the altcoin market if the altcoin have good concept and utility. Aside from that, before altcoin have could reach a new ATH, Bitcoin always lead the market so if Bitcoin market is in total bullish all genuine altcoin we have will follow the bullish trend so theres no need to panic if Bitcoin is in a positive trend.

But this situation happens all the time, when the price of bitcoin increases, the price of altcoins decreases, because many people in this case want to have BTC, which is growing. And at such times, investors sell their altcoins and buy BTC. But as soon as the price of bitcoin stops growing, investors remember about altcoins and shift their money to buy them.

You are somehow right but thats not the the decision every experienced crypto investors and traders make after Bitcoin halving where the cryptocurrency market prive momentum is decide by Bitcoin trend and what experienced cryptoneir does is held to their Bitcoin while they accumulate more when it stops growing

[jossiel]

If you want to sell your altcoins and you are confident that it is going nowhere, sell it and buy bitcoin as it's dumped a bit as I'm checking the price. But if you are too confident that your altcoins will recover somehow even if bitcoin is on the trend, then don't sell it but don't waste the chance of buying bitcoin.

There is still the comparison that whether bitcoin goes up, the altcoins market will be pushed together afterward. That comparison is popular from the 2017 ATH.

[b1k4ng]

isn't it if the bitcoin trend continues then the altcoins will also experience an increase in price! I think there is no problem with altcoins and now it's slow in rising prices maybe still afraid that bitcoin will suddenly dump

[Oasisman]

I guess the 2017 ICO made enough hype to the market than the DeFi today. Not much of an impact on altcoins, but Bitcoin has benefited more than anything else.
Well, it's too early to decide to sell your bag of alts, you might regret it once Btc reaches new ATH, altcoins tends to follow through.

isn't it if the bitcoin trend continues then the altcoins will also experience an increase in price! I think there is no problem with altcoins and now it's slow in rising prices maybe still afraid that bitcoin will suddenly dump

Not necessarily all the time, though most of the alts in the market are following the Btc price trend because most of these alts in the crypto market are paired with Btc. But the altcoin rise in 2017 was different, that was a huge pump caused by the ICO hype. Today is also different, alts tends to rise because Btc is having a good run, but not as the same manner as the 2017 alt season.
Try comparing the price of the top alts before when Btc was $16,000 in 2017 and you'll see a huge difference.

[lienfaye]

isn't it if the bitcoin trend continues then the altcoins will also experience an increase in price! I think there is no problem with altcoins and now it's slow in rising prices maybe still afraid that bitcoin will suddenly dump

Thats what usually happening, if bitcoin price increase alts are following but this time it seems bitcoin alone is getting the limelight.

Well there's no need for you to sell your alts just because of this thinking that they might get dump. Alts has their own season on when to soar high, thus just wait for it because sooner or later it will chanhe movement. As long as the altcoins that you hold are well-established then most likely it will increase in time.

[tippytoes]

isn't it if the bitcoin trend continues then the altcoins will also experience an increase in price! I think there is no problem with altcoins and now it's slow in rising prices maybe still afraid that bitcoin will suddenly dump

Thats what usually happening, if bitcoin price increase alts are following but this time it seems bitcoin alone is getting the limelight.

Well there's no need for you to sell your alts just because of this thinking that they might get dump. Alts has their own season on when to soar high, thus just wait for it because sooner or later it will chanhe movement. As long as the altcoins that you hold are well-established then most likely it will increase in time.

Alts will follow the trend but remember, it depends on the alt itself. If your holding a strong alt with strong foundation and continuous development, then you have the chance that it will really increase as well. But if you have a crap alt, with no progress going on, team is missing in action, guess you know the answer where your alt is heading to. So this question relies on what alt you are holding. It doesn't depend on bitcoin alone.