Will Altcoin's loss become Bitcoin's gain?

[Wysi]

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well. When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin. Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

[Twentyonepaylots]

For me, not really. Usually what happens is that these funds will be transferred back to their respective assets as soon as the market stabilizes, so it is a give and take relation for bitcoin and altcoins in the market really. You'll see in a few months how this works, especially once bitcoin's value drops down, altcoins like XRP, will flourish while bitcoin will be in a lay-low state.

[Wysi]

I doubt it's at your statment when you say Bitcoin will be in low state and XRP will flourish because XRP has been bearish since 2017 bull run and recently it marched towards $1 that's all but yes with other altcoins users will shift back their asset once the market stabilizes thus bitcoin will lose those funds, what if Bitcoin stays above $30k throughout the year? If this happens then there wouldn't be a possibility of funds being shifted back to altcoins.

[tabas]

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well.

It is not a bloodbath for Doge. It's very common after it has pumped, it will be followed by a dump which has happened to Doge. That's why it's not actually a bloodbath but just a usual thing that happens in the market that we knew it for so long.

Bitcoin as the most suitable alternative for their funds

That's not suitable, what suits are the altcoins. The meaning can tell what does it mean for most. They're converting from bitcoin to alts and vice versa if they're doing it for daily trades.

[coolcoinz]

I have high hopes for Ethereum because its performance this year is great. It's a "late bloomer" because people thought that it would explode right after 2.0 transactions were tested but it didn't. It also didn't do much when Bitcoin hit its all time high last year. That said, Ethereum's explosion usually marks the beginning of an altcoin season, or at least it did in 2018. We might see another, bigger bullish move on Bitcoin followed by a similar move of the bigger altcoins.

[Japinat]

Nothing has changed in regards to the market trends.  Dumps and pumps are nowhere to stop, every coin must have behaved like this, and that also a reason why traders survive. In fact, I'd never expected XRP and DOGE to have the rally this time but seems it was all been possible in the crypto market and that investors will take the opportunity of buying while both of them have suffered a loss of price in the past days.

And this means that we can never lose our hopes because coins are in the dump now as soon it can be lifted by the hypes. But the problem is how long we have to wait before it comes.

[verita1]

That vision is correct, coolcoinz.
It is the behavior that we have noticed about Ethereum, it is also evident that in the network there has been a proliferation of farming, staking, AYI projects that make capital go to them. But as long as bitcoin continues its bull run there is a promising future for bitcoiners. As it is also true that correlations cause the prices of altcoins to fall because bitcoin continues to lead the market dominance.

[error08]

We've seen a similar circumstance when xrp plummet after the SEC filed a lawsuit against Ripple Labs Inc. for conducting an unregistered securities offering and then bitcoin price increase afterward, that's no coincidence and has happened many times, so I would say yes there is a chance it will happen.
When altcoins fall and bitcoin on the rally causing fomo, people will sell alts and shift their funds to bitcoin which offers a greater chance of making a profit.

[hatshepsut93]

Altcoins are mostly traded against BTC or ETH, so when they drop, there's not much fiat flowing into BTC. Those who bought alts with fiat will probably keep holding fiat after dumping alts, and those who bought with BTC/ETH will keep that coin. This is why there's no complex patterns between fiat, Bitcoin and alts, they simply follow BTC when it makes big moves, and sometimes have their own pumps and dumps and that's it.

[mk4]

It mostly is in my opinion. Whenever certain altcoins die or crash in price to the ground, it just simply gives more legitimacy to Bitcoin and it gives more emphasis that Bitcoin is what mostly matters. I think a lot of people who "invested" heavily into altcoins in 2017 and didn't manage to sell at the peak learned that heavy lesson.

[777Jolami]

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well. When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin. Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

In my opinion, it is a good plan. Last week bitcoin activated a good Hold and pump mode, but this was not the case with altcoins, the altcoin trend became weak and unable to resist on its own to the good conditions from bitcoin. Some altcoins have broken off the boundaries from individual backing such as Doge, XRP, TRX, Dot, Link. in fact it doesn't show strength from the user base. a trend is pushing altcoins to continue moving towards bitcoin.

[LimLims]

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well. When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin. Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

If you would listen to my words, then altcoins fo affect and also many times don’t affect the growth or fall of Bitcoins.
As Bitcoins follow the trade of Supply and Demand, so if the demand will be more then the supply will be less and this leads to the rise of the price of the coin. And in this way no involvement of altcoins at all required.
Similarly when the price of altcoins fall, and people instantly convert them to BTC, then here BTC demand became also too high, and the supply will be less, therefore it will also result in price growth of Bitcoins.
Hope now you are clear about at least some doubts.

[The Cryptovator]

Based on your post's theme, the thread is more fit into the Altcoin discussion board. So you may move it from the lower left. Anyway, come to the topic. I have experience from markets, a few Altcoin follow the Bitcoin trend, and a few Altcoins go against Bitcoin trends. So the question is where you had invested. The time and coins will say you either you should move into Bitcoin or a stable coin. That's call trading. So it depend on you are will you trade your coins and raise your portfolio.

[maydna]

If bitcoin starts to increase but not rise too high, I think the users will select the stable coin to hold their money. If the bitcoin price can be down for more, they will choose bitcoin and hold it because after the price stays at a low price, it will start to rise, although the price will increase so high. But the users will observe on the market, bitcoin and altcoin market, and they will not make a rush action to buy the coin. The users will not purchase bitcoin at a peak because they will risk their money. They will search for a good time to buy bitcoin.

[btc78]

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx

I'm asking these days why you are a senior member yet don't know what you are posting . Doge and XMR had Pumped already and almost made their way up so why ask this question ?

and all wherein other altcoins like XLM and XRP has performed well.

These 2 altcoin has been in Bloodbath for long time and now ? of course volatility act right ?

When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin. Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

You have already answer so what's the sense ?

Market is unpredictable so everything may happen , and you are a years on this market and forum you should know the answer.

[hd49728]

Today the crypto market has behaved in a wierd manner wherein we have seen bloodbath for some altcoins like doge, trx and all wherein other altcoins like XLM and XRP has performed well.

It is normal. Do you think that Dogecoin will keep moving up after its blatantly pump from tweets?

XLM and XRP were pulled back a lot after their pumps months ago. You can take them as the future plan for Dogecoin that were pulled back and will be pulled back more before the next pump.

When the altcoin goes into red then the users usually transfers their funds from altcoin to either a stable coin or bitcoin. Since Bitcoin is in the verge of further pump users would prefer Bitcoin as the most suitable alternative for their funds, by this way it's bitcoin's gain isn't it?

Bitcoin and altcoins usually move in opposite ways: one moves up, the another moves down and it is very seldom to see they both move up or down.

[pooya87]

It is not bloodbath, it is the daily altcoin pump and dump! And those other shitcoins aren't performing well, it was just their turn to be pumped. Each day the pumpers choose a select number of shitcoins to pump and then they pump those coins as much as they can. But after some time which can be a couple of hours or a couple of days, they will dump the same shitcoin to pull out their money and put it into the next one. So for example they pump Doge 2 days ago then dump it today and put the money in XRP to pump it today and tomorrow they dump XRP to pump something else. And the chain continues forever.

None of it has anything to do with bitcoin though. But the moment bitcoin starts rising back up again and crosses $37k-$38k then all the altcoins will get dumped hard.

[Kittygalore]

I have high hopes for Ethereum because its performance this year is great. It's a "late bloomer" because people thought that it would explode right after 2.0 transactions were tested but it didn't. It also didn't do much when Bitcoin hit its all time high last year. That said, Ethereum's explosion usually marks the beginning of an altcoin season, or at least it did in 2018. We might see another, bigger bullish move on Bitcoin followed by a similar move of the bigger altcoins.

Can't really blame it, Ethereum's launch was overshadowed by the ATH of bitcoin which is far more beloved by many. I do hope that the time will come that Ethereum will have its share of spotlight. But I do not think that this year will be the same as 2018, remember that the prices are still higher than ever and institutional investors are still on the market so we might see another pattern here. Not to mention, volatility in cryptocurrency market seems to be as strong as it is back then so we shouldn't let our guard down and have this speculation blind us from the logic and rationality of the situation at hand.

[larus]

It works in opposite way. While btc is growing alts are dead. Right after bitcoin correction alts are growing

[Wexnident]

Doge was just pumped intentionally, it wasn't really about Dogecoin increasing in price naturally. If you were to just randomly look about how Dogecoin reached the current price, you'd easily see how many people were trying to intentionally hype Dogecoin saying it'd go above 1$ or something, when the increase it had was obviously a pump. Well, it pretty much went down right now though, so I guess those people who would hype more altcoins would now swap onto another one.

Bitcoin has nothing in relation with whatever the altcoins do though. Altcoins may be affected by how Bitcoins price grows, but the opposite rarely happens, or maybe doesn't even happen at all. Plus, investing in Bitcoin and investing in altcoins solely depend on your portfolio, and even if Bitcoin were to "pump" as you say, it'd naturally depend on how traders would take it instead of whatever you and many others just say. Trading is a personal decision in the end after all.