Will Altcoin's loss become Bitcoin's gain?

[SamReomo]

Doge was pumped and it will get dumped but there are chances that it could get another pump much higher than the last pump within a week or so. If I am not wrong this pump of the Doge thing has changed the way of the cryptos to a pump. Bitcoin in theory can  go lower than 30k and few alts will follow it like babies. Other may show different patterns. However, it is a truth that if Bitcoin goes below 28k then others will follow it blindly.

[Jating]

Really hard to say at this point though, there are a lot of players who have their intention specially in the altcoin market, pump and dump groups, manipulators, and now WSB. Look at Doge latest pump, and then it went down hard as well, we really don't know if those who profited move to bitcoin or not.

So no one can tell if there is a direct correlation now, the whole crypto market's narrative has change a bit as well. So I would say that there is no relation whatsoever.

[Argoo]

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.

Bitcoin and altcoins are already inextricably linked. They complement each other and capital constantly flows from altcoins to bitcoins and vice versa. Altcoins will in any case exist and develop further, since they perform many more different useful functions than bitcoin. At this stage, it is no longer possible to remove altcoins from the market. The role of bitcoin is also increasing thanks to altcoins.

[Joyawan13]

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?

why people choose to put their assets in bitcoin, because I think someone prefers a safe zone to move their assets to bitcoin, so I think they will only put a few percent of their assets in some altcoin of their choice which of course they want there will be an increase in altcoins when there will be a decline that will occur in bitcoin.

[Bitcoin577]

I agreed with you and i observe that many traders do this strategies. They invest in altcoin when price low.
When altcoin pumped they transfer their fund yo bitcoin which reault in pumping of btc. This not happen all time..
Some trader use this strategies.

[blackened515]

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?

Most people are in dilemma between holding BTC ot alts. If BTC goes to $50k from here, they will get only 2x profit but if some alt they holding pump, it could go upto 10x or even 100x.
Personally I prefer holding alt.

[blckhawk]

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?

Well, I'd say it's somehow like that but not all the time. I mean, I know you are familiar that Bitcoin and alts are somehow moving in the opposite way but there are some cases that they will either go up or down at the same time. When alts are in a bear trend I will assume that people will try to move most of their stash either in stable coin or in Bitcoin which will lead for Bitcoin dominance to go up and as for Bitcoin enters the bear trend alts will now shine.

[arufox]

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?

Every people have their strategy to deal with the market situation, some people buy more, turn into bitcoin or stable coin, and many more. But Altcoin will survive no matter what happens in the market. Be patient and you will know the truth of altcoin

[CODE200]

In my opinion there's no correlation with the market value of Altcoin and cryptos. There are indeed times wherein when the market price of this market industry is in green marks both altcoin and bitcoin are all affected. But I doubt there's a direct correlation with its market value such that everytime the market price of Bitcoin is falling, same thing will already happen to the market value of altcoin. There are times wherein indirect correlation is more observable regarding their market prices. The prices just depend on the demand and supply of a crypto alone, having no effects with one another.

[Slow death]

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.

I was very surprised by the price increase that XRP had, it was a big pump, but I don't buy XRP and I still think that XRP is the worst investment that anyone could do

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?

look well at the current bitcoin price, it is trying to stay above $33000 and is not succeeding, this suggests that if it continues like this we will see a big dump

[wxa7115]

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?

The bitcoin dominance has been decreasing for some time and this means that it is instead happening the opposite, bitcoin is losing strength while altcoins are gaining it, this is why now we are seeing altcoins begin to move independently from bitcoin and some are going down while some are going up.

I still do not think that we are going to see an altcoin season or anything like that but since bitcoin is no longer moving in the way it did a few weeks ago speculators are using other coins to try to increase their stash, but make no mistake if the price of bitcoin begins to go up again they will come back to bitcoin immediately.

[target]

Been also watching the market as a whole and its happening that whenever BTC falls there are several Defi projects that continue to rise in price yet its marketcap isn't getting bigger.

The entire marketcap as of the time of writing is Market Cap: $973,828,828,765 by the next few hours, it could break to trillion once again and BTC will bounce to $33-34K. This could mean that BTC's loss is altcoins gain and vice-verse.

[Reid]

If its just for the sake of saving risk then its not.
I mean, they will just go back to the coin they always prefer.
Well, it will be good for traders who knows no greed.
Fluctuations like that is where they will profit. But I doubt they will be appreciated for doing that.
Besides, they are also making profits by doing it. Still, it sounds risky for me.

[Wysi]

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

Yes, but t has been opposite only during this Bullrun, if you check last bull run of 2017 the altcoins started growing only when the value of Bitcoin sky rocketed, once the value of Bitcoin started dropping down thata when altcoins went through bloodbath which it's yet to recover till date. This year bull run is opposite because users have understood that Bitcoin has the capability to bounce back from worst market situations which might not be the same case with altcoins and they don't want to risk again.

[Mahanton]

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?

Everything could be random because you wouldnt know on  where those funds do head on neither on bitcoin or simply on stable coins which means
there is no exact thing that you can precisely presume on in talks of switching demands or shall we say the  dominance itself.They dont correlate from
time to time because market do really  move in unpredictable manner where you can see that price of btc is going up which you can possibly
see that alts are going on the same trend and on the other side it can go to the opposite side.Its all not correlated or connected at all.

[kapalmabur]

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?

Every people have their strategy to deal with the market situation, some people buy more, turn into bitcoin or stable coin, and many more. But Altcoin will survive no matter what happens in the market. Be patient and you will know the truth of altcoin

Bitcoin is really bullish, don't worry dude, even though bitcoin dumps, altcoins will try to survive,
yes even though the correction is also happening in altcoins but the recovery in altcoins is much bigger than in Bitcoin,
and if the altcoin season cycle repeats itself, altcoins will be determine its own path, although bitcoins go up, altcoins will also go up.

[Hippocrypto]

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?

Exactly that's positive effect on bitcoin's demand as well as gain continued to add up when price recover during slight fall. Bloodbath for several altcoins is really disappointing, though there's some of them who still live at selected trading sites but we need to wait for further developments. Increased orders for altcoins would also be helpful in order to be listed on popular exchanges.

[KTChampions]

Now is really the best time to keep funds in bitcoin - if the pump continues, it will start with bitcoin and fans of other coins will have time to switch to them. If a bear market begins, then bitcoin will fall much more slowly than other altcoins and the holders will have time to switch to stable coins or continue to hodl.

[Yamifoud]

Now is really the best time to keep funds in bitcoin - if the pump continues, it will start with bitcoin and fans of other coins will have time to switch to them. If a bear market begins, then bitcoin will fall much more slowly than other altcoins and the holders will have time to switch to stable coins or continue to hodl.

If that so happens that Bitcoin will fall while altcoins do the pumps is because people are jumping into them which increases the altcoins demand. But this is to be a rare case scenario since we know that Bitcoin is dominating the market and people have to stick to this rather than prioritizing altcoins.
Because if that Bitcoin will drop, well, a lot of people will buy. I saw this a normal scenario happening repetitively as investors and traders moving in and out when they saw an opportunity on both sides.

[KTChampions]

Now is really the best time to keep funds in bitcoin - if the pump continues, it will start with bitcoin and fans of other coins will have time to switch to them. If a bear market begins, then bitcoin will fall much more slowly than other altcoins and the holders will have time to switch to stable coins or continue to hodl.

If that so happens that Bitcoin will fall while altcoins do the pumps is because people are jumping into them which increases the altcoins demand. But this is to be a rare case scenario since we know that Bitcoin is dominating the market and people have to stick to this rather than prioritizing altcoins.
Because if that Bitcoin will drop, well, a lot of people will buy. I saw this a normal scenario happening repetitively as investors and traders moving in and out when they saw an opportunity on both sides.

In my memory, this did not happen. If Bitcoin falls, the whole market falls. Another thing is that if the entire market grows, then altcoins grow faster than bitcoin, and then we can say that bitcoin is getting cheaper relative to altcoins. Perhaps in the next cycle this scenario will repeat itself, but it seems to me that in this cycle, global growth is already close to completion and many altcoins are overheated.