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Author Topic: Why doesn't bitcoin go up higher percentages like altcoins?  (Read 687 times)
jerry0 (OP)
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April 16, 2021, 05:04:52 AM
 #1

With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever?  Look at binance coin and many of those other coins that are literally doubling in a week.  Now the btc dominance is going so low.  And even when btc goes up... you don't ever see it going up that much percent in a week.  I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.



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April 16, 2021, 05:19:56 AM
Merited by LoyceV (8), vapourminer (1)
 #2

With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever?  Look at binance coin and many of those other coins that are literally doubling in a week.  Now the btc dominance is going so low.  And even when btc goes up... you don't ever see it going up that much percent in a week.  I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.

Yes, but don't cry.

That's simply because of the market cap, when Bitcon was worth much less it also had higher percentage changes. With $1T market cap it's much harder to move the price, and yet it's still the most profitable asset, more so than those shitcoins. You can play to get the movements of those shitcoins right in the short term but it's like playing roulette.

And I'm not worried about the market cap. Bitcoin loses market cap with respect to 10,000 shitcoins? LOL Let's compare one to one to see.


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April 16, 2021, 05:24:50 AM
 #3

The bitcoin market and the altcoin market are different segments, I think altcoins are easier to pump or dump at any time. and see usually the altcoins that are pumping quickly will easily dump. bitcoin is better to be able to pump slowly but consistently. and one more bitcoin for some people is used as an investment asset so many people hold bitcoin rather than altcoin

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April 16, 2021, 05:38:19 AM
 #4

It's way easier to pump the price of some altcoin,that has 1M USD daily trading volume,than pumping the price of Bitcoin Core,which has billions of dollars daily trading volume.
I don't understand why you should be complaining about this.If you want higher profits and higher volatility(higher risk),just pick altcoins(the trusted ones,not the shitcoins).If you want stable profits and less risk,then pick Bitcoin.

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April 16, 2021, 06:14:51 AM
 #5

You are one ungrateful son of a bitch don't you know that? Just look at the price of bitcoin of the past 2 years and say that shit again, if you want to get rich quickly then bitcoin is not the best place for you to invest in because you want to get the big money real fast. And you said that alts double in a day or week then why not invest in it?

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April 16, 2021, 06:16:18 AM
 #6

This is an unrealistic expectation by far. It is very different for BTC to go up by 100% in comparison to some coin with a much smaller market cap. It requires a lot of money to push BTC another 100%.

Still saying that is possible though but just harder to achieve.

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kotajikikox
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April 16, 2021, 07:03:50 AM
 #7

With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever?  Look at binance coin and many of those other coins that are literally doubling in a week.  Now the btc dominance is going so low.  And even when btc goes up... you don't ever see it going up that much percent in a week.  I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.




Your account created almost 4 years ago , you have gained 26 merits , and you actively posting in this forum for long time.

Yet..

- You are still Noob for this thing

- You are still Stupid to accept or understand the fact.



Bitcoin value is more than 25x Higher to the second high ranking coin .. Can you imagine if the price of Bitcoin increases 50%? this will cost at least more than half of the total capitalization of the market, If bitcoin will take this path? for sure you will never see those Shitcoin increasing like what you are saying now.

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April 16, 2021, 07:15:42 AM
 #8

because bitcoin price ver high right now. Meanwhile, to make the percentage increase in price high, bitcoin transactions must be large. And this cannot be done by everyone.

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April 16, 2021, 07:43:06 AM
 #9

simple math

a coin worth $100 only needs 100 increments of $1 to get to $200
a coin worth $60k needs 60,000 increments of $1 to get to $120k

with a exchange orderbook having these increments. it takes lot of buying pressure to move a higher priced asset(actual increments are sub pennies so its a multiple of the 100-60000 respectively)

also some of the crap coins are pure speculation. they have nothing backing it so they can be more volatile
they are only used for pump and dumps. so have more frequent spikes and dips

i found the same issue when 'penny share' trading. its easier to move a investment that has a share price under $1 than it is to move a investment of $20

also bitcoin has more stable value underlying it. so the dumps dont happen as much. but with that the spikes dont happen as much either.

if a price dumped down buy 50% the correction then is seen as a 50% rise. and then speculative hype can push they by 50% making a 100%

but if a dip only occurs at 10% then the correction and hype(FOMO) would only be seen as 20%

..
the difference between a crap coin and bitcoin. the pump and dump volatility of a altcoin does not have a long term progressive growth.. but bitcoin does progressively grow. price now is much higher then price 2 years ago, which is greater than 2 years before that

dont think of altcoins as a long term asset. just think of them and use and abuse them as quick pump and dumps and return that back to bitcoin for the long term progressive growth

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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April 16, 2021, 08:10:42 AM
 #10

So what you are expecting? Double Bitcoin price every week? So where the price of Bitcoin will end? You are comparing Bitcoin with altcoin price, but have you notice even an altcoin dump 4x in a day? So same behavior are you expecting from Bitcoin as well? Altcoins pump and dump within a short time. Even you could lose your portfolio from alt dump. Just imagine, if Bitcoin behaves like an alt then it wouldn't take time to turn your portfolio almost ZERO. An altcoin is to just play in crypto markets, and whales are playing with it. It's quite easy to make a pump into altcoin since the price is lower, but it's quite complicated to manipulate Bitcoin price lately since the price has raised a lot. But if you feel that you should move into an altcoin, then feel free to do, but just be ready to see a dump portfolio.

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April 16, 2021, 08:16:14 AM
 #11

All these currencies have low market capacities and cannot maintain these strong rises.
The small market capacity and the difficulty of producing more of them makes the price easily increase with the increase in demand, which is often pumped and dumped to achieve some gains.
It is a dangerous strategy and you can profit from it if you buy at a low price and sell when the rise occurs, but the opposite will be dangerous if you are lured by the highs.
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April 16, 2021, 08:20:30 AM
 #12

If you look at the short-term price ranges, you will definitely be disappointed with what BTC is currently doing. Especially if you are looking at it in percent. But if you add all the necessary changes from the genesis up to now, you will be blown away. No other coin is doing that yet.

So if you are looking to profit from speculation, it's best to check other coins. But if you are a hodler and you believe in BTC, then just HODL.

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April 16, 2021, 08:22:20 AM
 #13

With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever?  Look at binance coin and many of those other coins that are literally doubling in a week.  Now the btc dominance is going so low.  And even when btc goes up... you don't ever see it going up that much percent in a week.  I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.




Maybe simple way to say is, how much money to pump Bitcoin, and how much money to pump altcoin. Like if 1-1 with $50k+ can be used to pump altcoin how many percent, and bitcoin is only a few percent. I think simple way to describe is like that, we need a lot of money to pump bitcoin but i think it is better to pump it slowly like now.

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April 16, 2021, 08:28:05 AM
 #14

We can say that such a thing is impossible. Bitcoin has a billion dollar volume of money. even one percent increase is worth millions of dollars. Therefore, it is difficult to increase or decrease.

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April 16, 2021, 08:33:27 AM
 #15

The price is already too high while the market capitalization also high aswell, 10% of 10$ is 1$ and 10% of $60000 is $6000 that alone already make it hard for bitcoin to gain price increase percentage more than 10% and there's also the market cap where the bigger it is, the harder for that coin to pump. You can easily pump some altcoin with just $100000 and it could triple the initial price but with bitcoin $100,000 is nothing. But you should also know that the more easy it is for a coin to increase its price to thousands percent of its initial price, the easier as well for that coin to get dumped into the bottom.

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20kevin20
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April 16, 2021, 08:40:40 AM
 #16

Say you had a shovel of dirt and you put it in the middle of a street. Anyone who comes up can easily take the same dirt and move it away. Now say you create a large pile of dirt. Hundreds of shovels of dirt, one over another. How easy is it to move the dirt now?

The more dirt there is, the harder it becomes to move it. Same goes with Bitcoin vs alts. Alts are the one shovel of dirt, Bitcoin is the hundreds. It doesn't take much to move the value of an asset worth a total of $100k as market cap. But with BTC, we're talking about trillions right now.

Money doesn't grow in trees. I get it that the US gov created so much money last year out of thin air, but that comes with a cost just like everything else. Bitcoin's price increase costs time. Alts volatility costs the risk of getting screwed all over by them.
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April 16, 2021, 08:44:08 AM
 #17

1. Altcoins have much lower market volumes and market depth than Bitcoin, you need much less money to move their markets.

2. Altcoins are overhyped, lot's of investors are ready to throw their money at them hoping for very quick gains, which creates bubbles.

3. Bitcoin used to be much more volatile in the early days, but it's not a sign that alts like DOGE are going to mature into Bitcoin's real competitors or even replacements. Their growth is just a bubble with no fundamentals behind them, while Bitcoin has solid reasons to grow - it's a secure payment system with 12 years of history and used by millions. No altcoin can claim the same.
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April 16, 2021, 09:49:40 AM
 #18

Bitcoin have huge market cap this why. You shouldn't put more than 15% from your protofilio in bitcoins is the lowest retun on investment.
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April 16, 2021, 09:53:59 AM
 #19

With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever?  Look at binance coin and many of those other coins that are literally doubling in a week.  Now the btc dominance is going so low.  And even when btc goes up... you don't ever see it going up that much percent in a week.  I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.


I know how it feels. You are going to run out of patience if you keep waiting for months and its growth just increment just 3% unlike other altcoins that grew up to 300%. I think this relates to the price as well. People just don't buy a huge amount of BTC if you take a look at the orders on the exchanges and this is because its price is already high. Comparing it to altcoins which its prices somehow are less than $0.10.


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April 16, 2021, 10:44:13 AM
 #20

With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever?  Look at binance coin and many of those other coins that are literally doubling in a week.  Now the btc dominance is going so low.  And even when btc goes up... you don't ever see it going up that much percent in a week.  I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.
It's because bitcoin is not being "pump", like the rest of the altcoins. And with it's massive growth already in the last 10 years or so, exponential price increase will have to slowdown. That's why as we go into 6 digits in the future, it might take some time. So don't compare bitcoins growth to altcoins pump and dump scheme.
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