Bitcoin proved it once again

[verita1]

The dominance of the bitcoin market is good by 62% which could increase in 2021 and the years to come. Because I think there will be big changes after all the good announcements this year. On the other hand when the price of Bitcoin goes down like now. If you have the opportunity to buy, you better buy.

With more news about big companies that have bought Bitcoin like MassMutual that bought $ 2.3 billion of bitcoin it gives me to think that there will be less bitcoin circulating because these big companies hold their bitcoins forever.

https://www.google.com/amp/s/www.wsj.com/amp/articles/massmutual-joins-the-bitcoin-club-with-100-million-purchase-11607626800

[Walterhank]

Yeah, there is no denying that bitcoin is the leading coin and will always be in the same position. As we are seeing more and more institutions coming forth in the crypto world, the more power is going to the bitcoin. Eventually, govs will also be willing to accept its power.

[ichi]

It's the pattern available right now as the cost is going sideways for quite a long time, bitcoin worth will increment after some time that apparently as of now comes to $20k yet the interest is insufficient to break the divider. In spite of the fact that it falls underneath $18k, bitcoin will recuperate to $19k in the long run, it simply time matters on the grounds that bitcoin can possibly arrive at another ATH in 2021 and we would prefer not to miss it by selling bitcoin at this value range.

[dizzy1996]

Yes, such a phenomenon is present and this is justified if bitcoin is growing, then all the altcoins are behind it, this is explained by the fact that if large investments enter the market, then not only in bitcoin but also in other cryptocurrencies and, accordingly, altcoins are growing

[davis196]

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

This questions again the importance of altcoins in the cryptocurrency markets.Do we really need altcoins?
Is there any altcoin,that doesn't depend on the Bitcoin price (I'm not talking about stablecoins)?
When Bitcoin is bullish,many traders jump on altcoins,because they are expecting higher profit margins from altcoin prices rather than the Bitcoin price.If the Bitcoin price drops,all those altcoin traders start panic selling,instead of HODLing.I guess that they don't have enough trust in altcoins.
This proves again that Bitcoin is mostly for the HODLers,while altcoins are mostly for the day traders.

[sayaya17]

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

In the cryptocurrency market, the major currency is Bitcoin. Although fiat, Ethereum, and Tether currencies are frequently used.
Altcoin are used to fund bitcoin runs, and Bitcoin funds Alt’s operations. As it relates, movements in the price of Bitcoin are likely
to have an influence on the price of Altcoins. When the price of Bitcoin rises rapidly, the chances are it will depress Altcoins as money
flows into the Bitcoin market. On other occasions, Altcoins will go up, as fiat currencies flow throughout the crypto market, usually,
this phenomenon occurs when a fresh wave of adoption occurs.

[JohnBitCo]

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

You will not find much dump in the bitcoin prices because institutions are ready to buy every dip. The altcoin market is not so good these days because of high bitcoin dominance. In coming days, bitcoin will cross all time high so its best time to accumulate as many bitcoins as possible.

[rodskee]

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Traders and investors will always bet for the safeties of having funds inside bitcoin so they might go around their other funds but there will always remaining in Bitcoin ths is why in each movement alts will always go only once Bitcoin moves first,even if uptrend or downtrend .

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

But not in 2018 when price of Bitcoin completely going insane but altcoins are doing their trend up,means their supporters can do it after manipulating Bitcoin.
but it is always nice to see the Domino effect of bitcoin  action makes us trust the currency more.

[adzino]

Prove what? It has been happening since day one. When price of bitcoin starts to rise, we see altcoins dropping. Probably because people wants to join the bitcoin bull run, so they dump their coins. After a while, the price of altcoins also start to rise. This is also because people who sold their altcoins now starts to buy it for cheap, hence altcoin slowly starts to rise back. When bitcoin starts to drop, altcoins also starts to drop more badly since most altcoins are traded in btc pairs.

[fileo]

Yes, such a phenomenon is present and this is justified if bitcoin is growing, then all the altcoins are behind it, this is explained by the fact that if large investments enter the market, then not only in bitcoin but also in other cryptocurrencies and, accordingly, altcoins are growing

I also see the market is in red. All tokens in my portfolio are in red slowly dropping from 300$ approaching to 150$. Anyway, I'm optimistic that the market will recover again in due time. I'm not so worried of my investment because I know they are potential and can recover again in a matter of time.

[Question123]

We just need to not expect to the bitcoin and altcoin have all same movement because they are different coins. We are seeing before we saw a same movement in the bull run but now they have different but don't worry next year it is possible to see a same things which is the price will pump and for the both investors of the bitcoin and altcoins if they invest to the cryptocurrency.

[Shallow]

That is just the truth and the better most people start understanding that, the better for them. When I say most people, I refer to those who still think an altcoin will overtake Bitcoin or one altcoin is worthy enough to be better than Bitcoin, well I will leave them to that. About the market, it is very obvious that the price of altcoins depends on Bitcoin, and with the increasing rate of Bitcoin's dominance, it further widens that gap and makes them heavily dependent. However, there are still some altcoins that tends to move in relation with Bitcoin, that is, with Bitcoin growth, they also grow with it and vice versa, altcoins such as Ethereum. In the same way, there are a whole lot of others that, once Bitcoin grows they dumps and if Bitcoin dumps, they also dump with it; but in general, Bitcoin dump brings about a big chaos in altcoin market.

[Innerpumper]

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

I'm sure it's because of the annual Christmas celebrations and it seems like it's happened a lot in the previous year. At the end of each year leading up to Christmas bitcoin will experience a price drop and will usually stabilize in the early to mid-year. I've seen it a lot.

[ethereumhunter]

Yes, such a phenomenon is present and this is justified if bitcoin is growing, then all the altcoins are behind it, this is explained by the fact that if large investments enter the market, then not only in bitcoin but also in other cryptocurrencies and, accordingly, altcoins are growing

I also see the market is in red. All tokens in my portfolio are in red slowly dropping from 300$ approaching to 150$. Anyway, I'm optimistic that the market will recover again in due time. I'm not so worried of my investment because I know they are potential and can recover again in a matter of time.

It is good if you still have confidence and believe in the market. Many of us doubt that the market will be back soon because we have already seen many corrections since the last months. But we still need to optimist that it is just correction that can happen anytime, and we don't have to worry about that. Everything will be back to normal, and the price will start to increase again. Meanwhile, we can buy more bitcoin again this time before the price break to $19k.

[lifeOK]

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

You will not find much dump in the bitcoin prices because institutions are ready to buy every dip. The altcoin market is not so good these days because of high bitcoin dominance. In coming days, bitcoin will cross all time high so its best time to accumulate as many bitcoins as possible.

You actually oppose one of the known phrase- Bitcoin goes up like staircase and fall like an elevator. However, You're word positive enough to impress others however i'm in tough situation whether things repeat as before or those big institutions save us this time to deep more.

[taufik123]

I also see the market is in red. All tokens in my portfolio are in red slowly dropping from 300$ approaching to 150$. Anyway, I'm optimistic that the market will recover again in due time. I'm not so worried of my investment because I know they are potential and can recover again in a matter of time.

There are times when the market will recover. Pump and dumb are common.
But even so, you must still have a strategy to be able to maintain your investment capital. If the market is bearish and falling beyond our predicted price, we must have spare money to buy back at the bottom price. Do not use 100% of the funds you have. Use about 30% -50% to overcome the shock that will occur.

Staying optimistic and not doing Cutloss will be better than having to panic and end up wasting your money for nothing.

[Pamadar]

Yes, such a phenomenon is present and this is justified if bitcoin is growing, then all the altcoins are behind it, this is explained by the fact that if large investments enter the market, then not only in bitcoin but also in other cryptocurrencies and, accordingly, altcoins are growing

I also see the market is in red. All tokens in my portfolio are in red slowly dropping from 300$ approaching to 150$. Anyway, I'm optimistic that the market will recover again in due time. I'm not so worried of my investment because I know they are potential and can recover again in a matter of time.

It is good if you still have confidence and believe in the market. Many of us doubt that the market will be back soon because we have already seen many corrections since the last months. But we still need to optimist that it is just correction that can happen anytime, and we don't have to worry about that. Everything will be back to normal, and the price will start to increase again. Meanwhile, we can buy more bitcoin again this time before the price break to $19k.

If you do believe that it will pumped back again.

Buying from this area might be a good then hold and wait for the value to rise back and bring you a good compensation, most of the
time it's your own assessment that will gives you the hint whatever position to take. Bitcoin influenced the market and still showing that
with this current downfall.

[The Cryptovator]

We know all that Bitcoin is a mother coin and it will remain the mother always. We have seen when Bitcoin drop, then at the same time most of the altcoins following the bitcoin trend, but during recovery Bitcoin price most altcoin can't follow the bitcoin trend. That's why sometimes alt traders regret it. I had done the same mistake previously. During trading, I thought my bought coin would follow the trend of Bitcoin. But it didn't happen ever and I lost a huge amount of funds.

[tall3r]

I actually think bitcoin will replace real gold and become digital gold. Therefore, it seems to me that even now the price of bitcoin is still far from the top.

[Warkop]

Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.

Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.

In my opinion this is because the Bitcoin downtrend can occur at any time for correction, and cannot be predicted with certainty, so do an accurate assessment and vision every day to ensure an increase in the Bitcoin price, so you can easily take excellent opportunities by buying Altcoins which you think is good and stable for your investment in the market.

Why is it that every time the Bitcoin price drops, the Altcoin market becomes a red zone? because Bitcoin is the heart of all Altcoins, so if the Bitcoin price decreases the Altcoin price will automatically be affected by this decrease in the Bitcoin price.