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Author Topic: Why doesn't bitcoin go up higher percentages like altcoins?  (Read 705 times)
adzino
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April 29, 2021, 12:10:27 PM
 #41

Because it's not easy to "pump" the price of bitcoin like you can with altcoins. Look at the trade volume of altcoins. They are low. Low volume means, it can be easily pumped (also manipulated). But bitcoin has high trade volume. Hence, it is not as easy as you think. Too many buy and sell orders of the same volume getting completed almost instantly every second, hence making it difficult to pump it. If it pumps a lot in short term, someone will dump it to take the profit, keeping the % of increase low. Look at most of those shitty altcoins getting pumped 10x and then dumped instantly. It's a good thing bitcoin doesn't get pumped like this. Shows healthy sign of the market.

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fortune1002
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April 29, 2021, 12:15:00 PM
 #42

Because the market cap and token supply of Bitcoin is very high so Bitcoin need double market cap for price doubling in a week.
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April 29, 2021, 12:50:26 PM
 #43

BTC had his high percentages long ago. Now it's too big and popular for it. And it has really high fees and it's getteing used more and more by rich people and less by regular folks.
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April 29, 2021, 01:38:14 PM
 #44

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.




Seriously I see no reason why you should be so bothered about this rise in altcoin with the rate at which we saw bitcoin rise last year till this year, the rate is quite alarming and pleasing to see it rise to that level. Or maybe you are late to the club the rate at which you see those coin rise will be the same rate you will see it dropped and you will be amazed.

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April 29, 2021, 01:50:58 PM
 #45

But bitcoin is always safer than altcoin in term of investment risk. My assumption is those altcoins which the prices are increase significantly are start to getting more mass adoption. I bought TRX few weeks ago when I tried to buy item in game, after knowing that this game is played by many people then probably they will always use this coin to buy item in that game and the result is the increasing price of it. So I bought more TRX as investment, and it works. I get profit more than 100% only in few weeks.

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April 29, 2021, 01:59:35 PM
 #46

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.




So basically you are asking that why altcoins grow 50-100% within few days whereas Bitcoin grow 10-12% comparitavely? Making comparison among Bitcoin and other altcoins in the market is not at all valid because of huge difference between them.

Bitcoin Price is trading above $55k at this time and market cap has already crossed $1 trillion and it's not at all easy to make huge retail investments in bitcoin due to high price range.The institutional investors and billionaires have deep pockets at this time to invest huge amounts in bitcoin which is the main reason for its slow growth.But still Bitcoin is top priority of investors in the market inspite of high transaction fees.

On the other hand all altcoins combined have market cap of $1 trillion and prices of altcoin like doge,Dot,ADA,ETH,LTC are much lower compared to btc and it is easy to invest huge funds in them and percentage growth in their value is usually higher.As it was the case with doge as people invested million dollars in Dogecoin because it was trading at $0.2 and they can afford to invest any amount in these coins.

So there are variation in Bitcoin and altcoin market which you need to understand properly and you will be have clarification of all your doubts.Bitcoin Will always remain king of cryptos.

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April 29, 2021, 02:56:43 PM
 #47

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.




So have you ever asked the question why Bitcoin never increased its high percentage as the Altcoin but still invested by people? And it still belongs to the top that the currency has the highest value that everyone wants to hold. That's the problem! It is because Bitcoin values are too large compared to other currencies, so they cannot be in a day or 1 week but doubled. Moreover Bitcoin brings big profits that is what everyone wants.

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April 29, 2021, 04:27:05 PM
 #48

its simply because of the market cap. the higher the price the harder if becomes for the price to have significant price increase because you will need a large funds like exact of the market cap to double the price compare to a coin that has barely a million market. thats why bitcoins move is gradual. thats why people say you grow your bitcoin holding by trading altcoins and coverting your profits to bitcoin.
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April 29, 2021, 04:33:52 PM
 #49

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.

The amount of fiat infusion necessary for those kind of gains get harder as the price per coin rises.

Which is why, it will be easier for Doge to reach $10 than it is for BTC to reach $1 million.

IMO, both will get there, but Doge will get there faster.  Smiley

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April 29, 2021, 04:37:59 PM
 #50

I guess that's because bitcoin price is too high already, while other altcoins price are not as high as bitcoin yet. I mean, it'll be easier for $10 coin to reach 100% rather than $10.000 coin to increase 100% right? If bitcoin go even 50%, the price already skyrocketed too much, it's kinda scary since it might be too bubbly and burst. However, other altcoin doesn't have pri e as high as bitcoin so if their price increase, it won't be too big and bubbly too. Bitcoin can reach 100% in longer time, but will surely reach it, although in one day is a bit impossible to happen.

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April 29, 2021, 04:56:25 PM
 #51

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.

Well, simply because Altcoins has a lower market cap than Bitcoin making it more volatile hence, it is easier to be manipulated. Bitcoin could also give that rate of profit however, it will not be possible within a week not unlike some altcoins because it will take years for Bitcoin to have numbers. However, altcoins can be a double-edged sword in a way of it could give a huge profit multiplier within a single amount of time but they can dump at a huge rate as well. If you are into quick profits then I'd say Bitcoin was not the right option for you.
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April 30, 2021, 05:29:36 AM
 #52

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.
Think about the price of bitcoin compared to the price of altcoin. A percentage change is the relative measure not the absolute measure. A 5% change in bitcoin price means a huge amount compared to the 5% change in a shitcoin that costs 1$/shitcoin.

Just ask yourself the question - Would it cost your a higher amount to move the bitcoin market price by 1% or a shitcoin market price by 1%? How can you reach this answer? By first knowing what the market price of the shitcoin or Bitcoin is.

This is why Bitcoin price does not change in percentage value much over a day but altcoins may undergo pump and dump and show up with 400% changes over a few hours.

 
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April 30, 2021, 05:36:18 AM
 #53

Bitcoin and altcoins are really different currency, in terms of the value you can say that they have a big difference, how could you imagine a bitcoin to go up higher percentage up to 100% of its value is $55k, it will need $110k before it will have a 100% and that will not happen for only one day because it requires a huge amount of money unlike on some altcoin that has not too much value it can double or get high up 100%.

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April 30, 2021, 06:04:47 AM
 #54

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.

Look at the capitalization of Bitcoin and understand, that the greater the turnover, the harder it is to change the price of an asset. Bitcoin has a huge number of market makers. Of course, the young asset will move much stronger in percentage terms. Do not forget, that Bictoin has already done + 1500% starting from $ 3800. And this is a lot.

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May 02, 2021, 08:45:44 AM
 #55

The problem is that the cash flow into the bitcoin and altcoin markets is at different rates. Bitcoin has a huge market cap and if you want to increase the value of Bitcoin by 50% or 100%, it takes hundreds of billions of dollars to promote.
Take a look at the current value of Bitcoin and the acquisitions of large corporations over the past year. Bitcoin has Tesla, investment funds like Microstrategy, Ruschil, ..., big banks, Paypal ...
Altcoins have a lower market cap, lower transaction volume, so it will be easier to make them increase in price.

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May 02, 2021, 09:43:58 AM
 #56

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.


For altcoins there is often a price increase of up to 100% in a week but for Bitcoin it is not that easy to go up 100% in a week because the price of bitcoin is very expensive and buyers cannot afford to buy bitcoin if that happens. In general, Altcoins have very cheap prices so that buyers can buy them in very large quantities, so it's only natural that Altcoins can go up to 100%.

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May 04, 2021, 02:27:13 PM
 #57

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.
Altcoins you're talking about probably have low market capitalization. So it's way easier for them to be pumped and dumped, and thus they're more volatile. If Bitcoin goes up 50%, it means that there will be an additional $500 billion added to its market capitalization. This is just a crazy amount of money, so no wonder Bitcoin is way more stable. But Bitcoin did go up by 600% in one year, so I think it's still a very impressive performance. Altcoins can be better for fast profits, but it's also very easy to lose a lot with them. Bitcoin provides profits over a longer period of time, but the risks of its price going rapidly down are also lower than with altcoins.

Way easier to be pumped, but exactly as you say, also way easier to be dumped! That is the tricky part if buy low cap alt coins you can find yourself in a very unlucky spot if you don't sell in time or before the herd decides to sell. Low cap alt coins are fun to trade, no doubt, but risky as ***.

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May 04, 2021, 04:49:29 PM
 #58

To make Bitcoin increase by a few percent requires an extremely large amount of a few hundred million dollars or a few billion dollars. But for altcoin, just a few million dollars or tens of millions of dollars have made an altcoin increase by tens of percent.
To evaluate the price increase factor need to look at the capitalization of cryptocurrencies and daily trading volume.
Cryptocurrencies rise in price through news or the completion of a price chart pattern. So it is very difficult to determine growth in each cryptocurrency.
The last time I saw Bitcoin grow strongly was about 10% in a day when Tesla announced it was buying Bitcoin in February of this year.

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May 04, 2021, 04:49:40 PM
 #59

Bitcoin and Altcoin markets are two different things so do not always put up comparison between those two. Also, the possible reason why Altcoins do pump exponentially on greater percentages compared to Bitcoin is that they are starting from the bottom price getting into an increase improving their prices and seems to be more possible to get pumped up compared to Bitcoin that have already attained greater heights compared to what it is few years ago or even even since it was created. Be just thankful that Bitcoin is still into rising but even it dumps, then it is a great opportunity to grab on.

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May 04, 2021, 04:56:26 PM
 #60

To see bitcoin going up 100% in 24h someone needs to invest $1T on it... And that's really hard, the amount of money is just too big but is possible if a big company like Apple decides to spend 50% of their market cap on bitcoin.

I think only a government is capable to do a move like this. But it will not happen. What is possible is to see bitcoin going down 50% in 24h, and I feel like that will happen before the end of this year. Remember that bitcoin is a high-risk investment, so, big bumps and dumps are totally possible.

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