Bitcoin bullrun & Altoin bear market

[michellee]

Is it possible to have Bitcoin bullrun wherein altcoin continues to trend in red, we have witnessed that altcoins has been falling from grace in last few days wherein Bitcoin is steady (apart from today's dump) and heading towards $20k to set a new landmark. I am discussing about top altcoins here wherein we should not be considering coins with low volume which is manipulated consecutively.

What's your opinion? Will this be the year of only Bitcoin?

I believe that bitcoin can have a bull run again after a long time of waiting. If the price now is stuck on below $19k, it will be no problem for bitcoin price because bitcoin will be back to $18k and $19k, and it will start a rally to the highest price. But I am not sure if this year will be only for bitcoin because the altcoin will get the same opportunity as bitcoin.

The top altcoin, such as ethereum, will have its time to increase like bitcoin, but I guess that ethereum needs more time to grow and break $700. Sooner or later, ethereum will increase, and when that time comes, the price will break $600. And like bitcoin, ethereum will also make ATH.

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[FanEagle]

When it goes down but tries up again and again you know that it is not ready to fall again. The current price movements shows that we are not at a situation where we are going down today, which means we are not going up neither so it is just trying to make a move some direction.

When it tries to break over $20k again and again and fails, it goes down, that means even though we try to go down we couldn't so far, and that could result with either one day we are actually achieving and going above and at that moment we will go up a lot, or we are going to just fail and fail and eventually go down a lot. I do not know which one will happen and I am a bit scared about it, but I really hope that we will have the $20k barrier crashed down and go much higher later on.

[kentrolla]

It's pretty hard to see the price of BTC is dropping slowly and to me it's not looking like a temporary dumps nor a correction majority of the crowd were so much happy to see BTC price was skyrocketing after 3years and I expected it will continue till January unfortunately this entire week was so dull and yes as usually altcoins are dependent on BTC so no comment on this .

[2tang]

It's pretty hard to see the price of BTC is dropping slowly and to me it's not looking like a temporary dumps nor a correction majority of the crowd were so much happy to see BTC price was skyrocketing after 3years and I expected it will continue till January unfortunately this entire week was so dull and yes as usually altcoins are dependent on BTC so no comment on this .

currently the price of BTC continues to soar so investors and traders continue to benefit and now new investors entering the market have understood the conditions of the bitcoin market which experienced price corrections relatively often compared to market conditions in 2018. of course this can lead to a rally that occurs in bitcoin. But of course we also have to continue to monitor and consider the very high volatility that is happening in Bitcoin at this time, in my opinion the bullrun that occurs in BTC will not always cause bullishness in altcoin prices, sometimes the opposite situation is that the price of bitcoin has decreased instead, altcoins are pumped up price.

[Smitty Werben Man Jensen]

Since the dominance of Bitcoin has risen above 50%, it is a sign that 2020 is bullish for bitcoin and bearish for altcoins,
but not all altcoins are bearish, top altcoins like Ripple, Litecoin and Ethereum are bullish and DeFi tokens are not manipulation,
this is real because after halving gets investors into Bitcoin.

[djgtr]

Since the dominance of Bitcoin has risen above 50%, it is a sign that 2020 is bullish for bitcoin and bearish for altcoins,
but not all altcoins are bearish, top altcoins like Ripple, Litecoin and Ethereum are bullish and DeFi tokens are not manipulation,
this is real because after halving gets investors into Bitcoin.

Bearish of altcoins has come to a point that every investors were tired of long term price declination. Many of us who owned altcoins didn't able to recover back their capital but went so down even though bitcoin progress was already gaining. The expectations didn't went to reality, unless top altcoins like xrp holders will remain trusting their coins platform everything will be back to track and pumping season commences on selected alts.

[Marma Kalari]

What's your opinion? Will this be the year of only Bitcoin?

If you look at the market for the past few months the entire market move higher along with bitcoin and when the price of bitcoin started to rally from $10k i expected everyone to dump the top alts but it never happened as all the top alts was rising along with it . In the past we used to see the alts going down whenever the bitcoin rallies but it is hard to predict what the future holds.

[suzanne5223]

Is it possible to have Bitcoin bullrun wherein altcoin continues to trend in red,
What's your opinion? Will this be the year of only Bitcoin?

Proofing by the market historical data, yes will have Bitcoin bullrun and the altcoin market alway trend in red but later turn green after Bitcoin reach a specific phase. Besides, it already happening at the time of this post though the bullrun may come in different dimensions, it will certainly happen.

[logfiles]

Is it possible to have Bitcoin bullrun wherein altcoin continues to trend in red

This question is a bit tricky. Are we talking about the BTC price vs fall in price of alts in sats or BTC price vs fall in price of alts in USD
If we are talking in USD value, it's possible but rarely happens.

This is Bitcoin is the most commonly used base for most trading pairs against alts. So any increase in the BTC price in USD value means an increase in the price of each sat.
So when bitcoin price moves, altcoin prices move in the same direction

[MCobian]

If we look at the price movements of top altcoins in the market that have increased in price, although not as fast as the increase
in Bitcoin which has now managed to rise to $ 21,300. But it means that investing in altcoins is also profitable, as long as you choose
top altcoins that have high volume. So this year is not just for Bitcoin, but altcoins are also this year worth counting on. Especially
altcoins such as ETH, XRP, LTC, BCH and LINK, their prices continue to rise following the price of Bitcoin.