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Author Topic: BTC down , does the altcoin will keep strong  (Read 962 times)
crwth
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May 17, 2021, 02:11:19 PM
 #21

There are a lot of coins that have remained strong during this short-term bearish market with BTC.

Some of the coins are listed below.
  • MATIC
  • ADA
  • REVAIN
  • BAKE
  • NANO

And there are many more. It's just that people are hedging their assets, maybe BTC, towards another altcoin. With all the news surrounding the cryptocurrency market, like Elon Musk tweeting their view with BTC that it's an energy-hungry asset that causes environmental impacts. There are a lot of supporter investors that follow blindly what Elon says. I guess that's an impact as well. 

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May 17, 2021, 02:27:58 PM
 #22

Meh. No altcoin can sustain this disaster. Bitcoin is the king of everything. If it goes down, others have to follow its path

The only coins I see in green mode is ADA. I do not know what. Maybe the technology behind or upcoming events have some decent effects on this coin

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May 17, 2021, 02:45:48 PM
 #23

I hope they will but can't put into ignoring any possibilities that altcoins will follow if holders will start selling their cryptos. I expect for panic selling as it was very often to see when the market started to dump. But for now, we can still see that market remain calm (it was supposed to happen all the time) despite a marked red show especially for Bitcoin but wondering to see that the market standing still at a high price. Maybe we are able to say that investors and traders had already corrected their mistakes before and they keep themselves believing that this will be done in a short while.

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May 17, 2021, 03:15:24 PM
 #24

Meh. No altcoin can sustain this disaster. Bitcoin is the king of everything. If it goes down, others have to follow its path

The only coins I see in green mode is ADA. I do not know what. Maybe the technology behind or upcoming events have some decent effects on this coin
It seemed that the technology used by Cardano put them in green mode,
but my question is whether it will last long or only for a short time,
We will see how far Cardano has progressed and of course it is intriguing

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May 17, 2021, 03:20:13 PM
 #25

Burst coin is also doing good in this dip. The decentralised and green crypto.
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May 17, 2021, 03:59:00 PM
 #26

Times have changed, usually what usually happened when the market was painted red starting with Bitcoin, other altcoins followed the red trend but today that's not happening, we seeing a few more coins showing green which could mean they have strong communities or this could imply people are not cashing out but actually holding.

R


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May 17, 2021, 05:56:23 PM
 #27

Meh. No altcoin can sustain this disaster. Bitcoin is the king of everything. If it goes down, others have to follow its path

The only coins I see in green mode is ADA. I do not know what. Maybe the technology behind or upcoming events have some decent effects on this coin
There are few more coins which are in green mode, Matic, XRP and Dego. While BTC has reached at 42.8k$. May be they can be negative, but I think now they will be in positive they will not be negative.
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May 17, 2021, 06:41:46 PM
 #28

Meh. No altcoin can sustain this disaster. Bitcoin is the king of everything. If it goes down, others have to follow its path

The only coins I see in green mode is ADA. I do not know what. Maybe the technology behind or upcoming events have some decent effects on this coin
Also have hopes with ADA and i do hold up some coins which had been keeping it for a while and not tending to sell it no matter what.Only in this altcoin i do see

some potential.Its true that Bitcoin is the market maker where trends does depend on what would be the situation like even though there might be some

altcoin bullish run but if bitcoin is on the bearish side then that wont really last long.Most of the time it would really follow through.

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May 17, 2021, 07:01:47 PM
 #29

It should be. Based on the market history, if the btc price value will dump, the alt coins will pump and it happened again on this 2021 bull market. But the thing right now, btc is down as well as alt coins because as they said we are already in bearish market that is why almost all the coins are dump.

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May 18, 2021, 07:22:13 AM
 #30

Two things might happened. BTC goes down. Altcoins goes up. BTC goes down, Altcoin goes down too. That happens during 2018 market crash.
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May 18, 2021, 07:24:31 AM
 #31

Meh. No altcoin can sustain this disaster. Bitcoin is the king of everything. If it goes down, others have to follow its path

The only coins I see in green mode is ADA. I do not know what. Maybe the technology behind or upcoming events have some decent effects on this coin
There are few more coins which are in green mode, Matic, XRP and Dego. While BTC has reached at 42.8k$. May be they can be negative, but I think now they will be in positive they will not be negative.



$ MATIC is up to 200% in 2 days


But I  think  ADA and shield will keep strong ,
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May 18, 2021, 08:49:12 AM
 #32

Bitcoin is the heart of cryptocurrency prices. It is assume  that when bitcoin is down, altcoin seem to be the worst hit . Bitcoin affect altcoin prices in so many ways . Cryptocurrency is bitcoin, altcoin only take it's continuing operation under the influence of bitcoin. Why? Bitcoin is decentralized and well accepted as altenative payment method because of it's immutability, transperency etc!

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May 18, 2021, 12:25:42 PM
 #33

Bitcoin is the heart of cryptocurrency prices. It is assume  that when bitcoin is down, altcoin seem to be the worst hit . Bitcoin affect altcoin prices in so many ways . Cryptocurrency is bitcoin, altcoin only take it's continuing operation under the influence of bitcoin. Why? Bitcoin is decentralized and well accepted as altenative payment method because of it's immutability, transperency etc!
It can be said that if the price of bitcoin drops, the altcoins will also go down and vice versa,
but I think there are some coins that are not affected by bitcoin,
what is clear is that bitcoin is the king of cryptocurrency and I am sure that no altcoin can match the bitcoin level

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May 18, 2021, 01:20:45 PM
 #34

Bitcoin drops in price and altcoins follow if Domain BTC.D moves sideways or up. But when Bitcoin drops Domain BTC.D decreases, the chances of altcoins staying strong will be higher.
I learned that while trading in the cryptocurrency market. I think Bitcoin's current drop has a high risk of altcoins falling more because of the Domain BTC index. D has been decreasing continuously for the past several months. As we all know no index goes down forever and Bitcoin has always been king in the crypto world. I believe the cash flow will always find a way back to Bitcoin.

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May 18, 2021, 01:55:27 PM
 #35

Bitcoin is the heart of cryptocurrency prices. It is assume  that when bitcoin is down, altcoin seem to be the worst hit . Bitcoin affect altcoin prices in so many ways . Cryptocurrency is bitcoin, altcoin only take it's continuing operation under the influence of bitcoin. Why? Bitcoin is decentralized and well accepted as altenative payment method because of it's immutability, transperency etc!
It can be said that if the price of bitcoin drops, the altcoins will also go down and vice versa,
but I think there are some coins that are not affected by bitcoin,
what is clear is that bitcoin is the king of cryptocurrency and I am sure that no altcoin can match the bitcoin level
Not all altcoins are affected by bitcoin price down. I agree that bitcoin is the heart of cryptocurrency, but the market/prices of a certain altcoin doesn't circulated by bitcoin down like a few years ago, when the bitcoin price down, some altcoins goes pump hard. So basically, don't base the prices of altcoins on bitcoin price because it's a very different situation on every coin.
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May 18, 2021, 01:57:05 PM
 #36

This doesn't happen since if bitcoin down, altcoins will also go down. The good thing right now is that, Bitcoin is recovering and the whole market follows that trend even those meme tokens. Altcoins with a real business in this market will always recover but most of those meme tokens are just for short term trend, so make sure that you already secure your profit before it burst, especially when Bitcoin dominates the market again.
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May 18, 2021, 10:14:19 PM
 #37

I think as long as Ethereum price is high, all of these NFT defi tokens will still gonna hold but I won't consider it as strong. And if you are talking about risk here just expect it already there's no risk-free but instead minimize your risk to avoid losing much.

Anyway if Bitcoin is still holding at the $45k there's still a chance that Eth and other defi project will still be profitable but don't expect a long term profit just take your profit if you have the chance as long as you get your ROI then you are fine.

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May 18, 2021, 11:28:56 PM
 #38

It is interesting because now despite this BTC fall that shows some signs of recovery, you can realize that altcoins emerge as the best alternative, perhaps for better market diversification.


Quote
Other notable double-digit gainers include 40% gains for ARK and Celer Network's CELR, as well as 20% gains for AAVE and Helium Network Token (HNT).

The overall cryptocurrency market capitalization now stands at $2.076 trillion, and Bitcoin’s dominance rate is 39.4%.



Source: https://cointelegraph.com/news/altcoins-notch-double-digit-gains-even-as-bitcoin-price-falls-to-42-500

Here it is clearly shown that the dominance of BTC has fallen, and that some alts have risen in price, in the short term, BTC has shown a recovery, slight but it is showing it, what happens is that when it is compared from a price of $ 64k to $ 43k is considerable ..

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May 19, 2021, 03:35:23 AM
 #39

Bitcoin has dominated the crypto market if BTC goes down or stabilizes the price of altcoin will go up. Depending on the price of bitcoin you can make a profit from altcoin the risk is much lower here and new companies are adding to the cost at present defi projects in the crypto market have made altcoin profitable. However BTC will not go down too much its price will increase and if it stabilizes a bit it will make the altcoins harder you have to wait patiently for a good profit.
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May 19, 2021, 10:00:00 AM
 #40

Meh. No altcoin can sustain this disaster. Bitcoin is the king of everything. If it goes down, others have to follow its path

The only coins I see in green mode is ADA. I do not know what. Maybe the technology behind or upcoming events have some decent effects on this coin
ADA very bullish because many people actually consider it to replace BSC in the future but yeah no altcoin could sustain to go against the flow of the market at this point where the dip is not some measly amount.

But, exception for pump and dump shitcoins those coins definitely could have any pump or dump moment like literally at any time regardless the condition of the market if the whale behind those coin decide to pump the it's gonna pump
but that's only temporarily, honestly though at the bearish market people should NOT use pairing for crypto against USD, it's better to use pairing against BTC, basically to help you focus on increasing the number of btc owned.

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