Joca97
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May 22, 2021, 07:39:28 PM |
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there is no way the Altcoin market remains strong when the Bitcoin price shrinks... the price of most Altcoins is still dependent on the price of Bitcoin, look at this time what happens to the market when the price of Bitcoin goes down. And regarding meme coins like Shiba, Akira, and others, I don't think the lifespan will be long.
Some altcoins price moves with BTC price but not all the time. Bitcoin price was showing stability while other alts price was increasing nicely in last few weeks. Although altcoins price dropped significantly beside bitcoin in recent few days and everyone knows the reasons behind it. But you are right, meme coins price won't increase in the same way always and those coins price may drop so quickly within a moment. Manipulation doesn't last forever. As far as i see the main coins only btc in green today as well. A lot of people are saying that btc will get overtaken by eth or some other coin but i just dont see it coming in the next couple of years even close. There will always be manipulation in the market, China does it o most every year with its banning
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livingfree
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May 22, 2021, 09:06:48 PM |
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Remember this !! And this happen from 2014 i observed it . Every time bitcoin going down or enter bearish phase, no coin will be stronger then it. If bitcoin crash,whole altcoin will crash too. And there willbe death coin after that. Gues how many coin death after 2018-2019 bear market ? Hundred altcoin..
Such experiences will help others to determine how do they deal with the current situation. If this is making everyone worry and you say that there's no need to worry, that's encouragement. And if you say that there were a lot of coins that has been dead when the bears came. Then, those holders of altcoins should also worry for themselves and create a plan how will they deal with it. You are the only ones who could really make your own fate and not the others because making out decision on one self would be always the deal in the end of the day. Study and based up your actions into the past experiences you had on this market. Try to observe about the correlation of trends between Bitcoin and Alts which its not really opposing from time to time but rather going into the same trend. If you dont have any choice nor trust up much on the altcoin you've been holding then its up to your own decision whether you do hold or simply cut-loss. Yes, it's only ourselves but there's help from learning others experiences because you can correct the part where they've gone easy and did a mistake. That's part of observation because you have those experiences of others and studying it. If you don't want to do that, it's all on you if you can understand it on your own. But what I'm saying that there's help with those and it will help us to become better.
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seleme
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May 22, 2021, 09:54:57 PM |
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Yes, it does drop in altcoins. But altcoins with low bitcoin dominance have not melted too much. But if it still continues to decline after that, bitcoin, altcoins will now be crushed.
The price of most altcoins depends on the movement of BTC and no exaggeration to say that maybe all of them follow the movement of BTC. If BTC keeps the price decreasing, unfortunately, other cryptocurrencies will get also down. However, there are also some strong projects like ETH that can survive. However it seems ETH has also started decreasing, l hope BTC will start increasing again. If BTC keeps getting down, that means the bear market is so near.
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Desscount
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May 23, 2021, 09:57:28 AM |
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Yes, it does drop in altcoins. But altcoins with low bitcoin dominance have not melted too much. But if it still continues to decline after that, bitcoin, altcoins will now be crushed.
The price of most altcoins depends on the movement of BTC and no exaggeration to say that maybe all of them follow the movement of BTC. If BTC keeps the price decreasing, unfortunately, other cryptocurrencies will get also down. However, there are also some strong projects like ETH that can survive. However it seems ETH has also started decreasing, l hope BTC will start increasing again. If BTC keeps getting down, that means the bear market is so near. It is true that not all coins have fallen, for example, like ethereum, although in reality it has fallen but not drastically, I think it's normal and we'll see the development of bitcoin, I hope the market can recover soon and bitcoin is back on the rise
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radjie
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May 23, 2021, 10:48:10 AM |
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there is no way the Altcoin market remains strong when the Bitcoin price shrinks... the price of most Altcoins is still dependent on the price of Bitcoin, look at this time what happens to the market when the price of Bitcoin goes down. And regarding meme coins like Shiba, Akira, and others, I don't think the lifespan will be long.
Some altcoins price moves with BTC price but not all the time. Bitcoin price was showing stability while other alts price was increasing nicely in last few weeks. Although altcoins price dropped significantly beside bitcoin in recent few days and everyone knows the reasons behind it. But you are right, meme coins price won't increase in the same way always and those coins price may drop so quickly within a moment. Manipulation doesn't last forever. The altcoin market will remain strong when Bitcoin is in decline, of course it is only temporary, it cannot last long. some Altcoins that are not affected by the price of Bitcoin are of course only coins that are easy to pump and are very risky if we are involved in trading such coins, because in a very short time these coins can easily degrade in value.
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michellee
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May 23, 2021, 11:19:37 AM |
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Yes, it does drop in altcoins. But altcoins with low bitcoin dominance have not melted too much. But if it still continues to decline after that, bitcoin, altcoins will now be crushed.
The price of most altcoins depends on the movement of BTC and no exaggeration to say that maybe all of them follow the movement of BTC. If BTC keeps the price decreasing, unfortunately, other cryptocurrencies will get also down. However, there are also some strong projects like ETH that can survive. However it seems ETH has also started decreasing, l hope BTC will start increasing again. If BTC keeps getting down, that means the bear market is so near. It is true that not all coins have fallen, for example, like ethereum, although in reality it has fallen but not drastically, I think it's normal and we'll see the development of bitcoin, I hope the market can recover soon and bitcoin is back on the rise I believe it will recover soon. But at this moment, it seems hard to search for the coin that can survive, unless the strong coins as ethereum, bnb, and others. But fortunately, the bitcoin price is still at a higher price, which means the price is at more than $30k, which we can hope that we can profit from trading. This situation can be up and down without predicting, so we need to decide carefully and always analyze before entering the market.
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Raflesia
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May 23, 2021, 01:07:17 PM |
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~ But you are right, meme coins price won't increase in the same way always and those coins price may drop so quickly within a moment. Manipulation doesn't last forever.
I think meme coins are only for a group of people and those coins are just for fun, not a definite goal in the future so it's not clear whether this will last long or not and if you put it aside with altcoins it's certainly very different and this is the whole thing if it happens dump then the usual meme coins are worse but behind all of that there must be a bigger pump, and for some reason there are so many communities behind meme coins, now joke coins have become more valuable than altcoins with valid data.
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leea-1334
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May 23, 2021, 05:05:17 PM |
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I think meme coins are only for a group of people and those coins are just for fun, not a definite goal in the future so it's not clear whether this will last long or not and if you put it aside with altcoins it's certainly very different and this is the whole thing if it happens dump then the usual meme coins are worse but behind all of that there must be a bigger pump, and for some reason there are so many communities behind meme coins, now joke coins have become more valuable than altcoins with valid data.
We all remember cryptokitties right? And we all remember banano coin and even not-so-meme coins like Clam,,, and SEXcoin etc. Well,,, everything works for a while and then it does not. Until people forget and new people enter. Today it is Elon and DOGE, yesterday it was Kitties maybe in a few years it will be rick and morty who knows?
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Fivestar4everMVP
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May 23, 2021, 07:59:59 PM |
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Bitcoin dropping to 48k was a blessing compared to what we are seeing today, look more like we've entered a new bear market season cus i used to call this a minor correction which was long overdue, but after seeing bitcoin dropping down to 32k with no sign of any end to the red candles, am beginning to wonder if we've officially entered a new era of crypto winter again. If this is the case, then rest assured that altcoins arent going to survive, you dont expect altcoins to be doing well while bitcoin is doing very bad, when we all know that for now, majority of all altcoins depend on bitcoin for their upward movement, even the SHIELD you (the poster) talked about already lost almost or above 33 percent of its value since bitcoin started crashing, this is to show that altcoins also are getting hit hard by the bear that gripped bitcoin.
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SaveOurSea
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May 23, 2021, 10:26:07 PM |
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If you look at the dominance of Bitcoin which has decreased to a level below 40%, altcoins should be able to recover quickly, but indeed everything is in the hands of Bitcoin, look at the current situation, Bitcoin has decreased -50% and altcoins have decreased -80%, meaning all markets altcoins are still following the pace of the Bitcoin price itself
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2double0
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May 23, 2021, 10:32:37 PM |
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Lol all the animals are being sent back to the zoo ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Doge, shib and dogira? Why did you choose shitcoins that have lost >60-75% over some major altcoins which have lost more than 50% of their price during last week? Why do you think Doge even holds a 1 cent value? I hope this week will be green to let us smile a bit after this unexpected crash.
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MCobian
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May 23, 2021, 10:56:15 PM |
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If you look at the dominance of Bitcoin which has decreased to a level below 40%, altcoins should be able to recover quickly, but indeed everything is in the hands of Bitcoin, look at the current situation, Bitcoin has decreased -50% and altcoins have decreased -80%, meaning all markets altcoins are still following the pace of the Bitcoin price itself
Even though Bitcoin's dominance is decreasing, it doesn't guarantee that the price of altcoins will recover. Because in my opinion, however, the price of altcoins is very much affected by Bitcoin's performance. So to expect the altcoins to recover, we should expect Bitcoin to be recovered first. But seeing Bitcoin is still under the price of $ 40k, it seems like we do have to be a little more patient waiting for the altcoins price to recover.
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CutePanda
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May 24, 2021, 04:20:09 AM |
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I don't think so, because BTC is the mother of all altcoins, so there will also be a huge impact for another altcoins's price, but still lets wait and be patient for now. HODL !
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Mr.Scott
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May 24, 2021, 05:56:33 AM |
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I don't think so, because BTC is the mother of all altcoins, so there will also be a huge impact for another altcoins's price, but still lets wait and be patient for now. HODL !
we already have an answer, alt market are draining barely right now. Everything is crashed because of Elon and then Chinese regulations. We have no clue about when market would back, better keep tolerance and wait until everything transform into green. Shitcoin market situation quite serious, before taking any action going through your research.
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ethereumhunter
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May 24, 2021, 09:58:52 AM |
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I don't think so, because BTC is the mother of all altcoins, so there will also be a huge impact for another altcoins's price, but still lets wait and be patient for now. HODL !
Mostly, the altcoin will not go strong if bitcoin down. But we can still hope that some altcoins can still survive because not all altcoins will go down. If you check on the market, you will see that some altcoin can lift the price, although not much. At this moment, bitcoin is down too far, and the crypto market is getting red candles, but we need to wait and see. Soon after this, everything will be back to the high price and we will have a chance to profit.
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leea-1334
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May 24, 2021, 10:16:18 AM |
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we already have an answer, alt market are draining barely right now. Everything is crashed because of Elon and then Chinese regulations. We have no clue about when market would back, better keep tolerance and wait until everything transform into green. Shitcoin market situation quite serious, before taking any action going through your research.
And I doubt we are even close to seeing all the weak hands let go,,, and we know the weakest hands are not in Bitcoin but in alts,,, and among alts the shitcoins and memecoins have the weakest and this is where all the tears will freely flow. Terrible week for everyone but even more so for people on alts. We told you so however:)
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Dollar_Hunter
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May 24, 2021, 05:26:21 PM |
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don't worry even though the Bitcoin price has experienced a correction but the dominance of bitcoin is already below 50%, this indicates that altcoins will experience rapid recovery in the next few days, look at now many altcoins that have recovered such as Matic, SOL, ADA and ATOM, yes there are many more, and my advice is buy it when it's cheap.
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jaberwock
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May 25, 2021, 03:53:13 PM |
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we already have an answer, alt market are draining barely right now. Everything is crashed because of Elon and then Chinese regulations. We have no clue about when market would back, better keep tolerance and wait until everything transform into green. Shitcoin market situation quite serious, before taking any action going through your research.
And I doubt we are even close to seeing all the weak hands let go,,, and we know the weakest hands are not in Bitcoin but in alts,,, and among alts the shitcoins and memecoins have the weakest and this is where all the tears will freely flow. Terrible week for everyone but even more so for people on alts. We told you so however:) I believe that it is not a terrible week for the people who are smarter about the situation. We have gone so high that it was very difficult for us to go back up and make that kind of profit once again, which means we are looking at a better chance to make a profit right now. Think about it this way, if bitcoin was 64k right now in order to make 2x profit you would have to wait until bitcoin reached 128k and that was a big problem, it would be very hard to reach that level, now making 2x profit in bitcoin is easier. Looking at shitcoins and memecoins and I can say that its even easier to make 2x from them but I hate them so I won't, but look at BNB for example, you could make 3x from that easily. So long story short we are in a better situation right now to make a good amount of profit compared to where we were just a week or two ago.
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LUCKMCFLY
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May 26, 2021, 12:26:27 PM |
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don't worry even though the Bitcoin price has experienced a correction but the dominance of bitcoin is already below 50%, this indicates that altcoins will experience rapid recovery in the next few days, look at now many altcoins that have recovered such as Matic, SOL, ADA and ATOM, yes there are many more, and my advice is buy it when it's cheap.
You are right, in fact MATIC is a currency that I did not have on my radar but I have seen that it can have a great emergence, in fact this article talks about what it is advisable to buy, at least one indicator like this shows you, I do not know if anyone has experienced, but if BTC recovers further I think this coin will have similar rapid action: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FTFUBc3H.png&t=665&c=EQS3cLRxQWGcyQ) EMA Ribbons were also quite efficient in highlighting minor dips for MATIC’s during its bull run from $0.7 to record highs above $2.8. When used on the 4-hour timeframe, the bands showed a strong buy zone around $1.49. A bounce back from this critical area could fuel a comeback above $2 during the next rally. Conversely, a breakdown would call into action support areas at $1.32 and $1.175 (200-SMA). Source: https://ambcrypto.com/uniswap-solana-matic-price-analysis-25-may/If we put in context that this coin can give short-term profits, I would put it at least 3x if BTC manages to hit $ 50k again.
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Amejoaquim
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2021, 02:14:26 PM |
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If BTC keep going down we can't see another alts to go up.
But since yesterday market has been recover and i think in the end of this week the price of btc can go back into $40k.
So don't forget to load your bag.
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