BITCOIN On It's Way Back...

[buwaytress]

Altcoins are blooming.

Below are some coins that scaled up. ETH, XRP, SOL, AVAX, TRX, TON, OKB. Which coin did I miss?

Yeah, ETH, XRP, SOL -- which of these have actually made a new ATH in the past 12 months? I'm sure I would have heard the altboys screaming if that happened. ETH is barely up 50% of its peak and Bitcoin is within striking distance of a new ATH.

Are we really going to talk about scaling up, or are we just talking about failed attempts at long-term recovery here? Bitcoin falls, altcoins wilt. It is the easiest wisdom.

[Bastketsrus]

The war in the middle east somehow rubbed off a great deal on the world's most reliable digital asset, Bitcoin.
Maybe some traders would had bet BTC was progressing to $110,000 before the dip. lol
 
The war in the middle east influenced the market, then along came the retaliation, which again reflected in the prices of digital assets.

We saw BTC go down in price, going as low as $99,000, within this period.

While BTC, was having a fall, altcions started picking up. This is because, traders quickly turned to altcoins, the result? Altcoins are blooming.

Below are some coins that scaled up. ETH, XRP, SOL, AVAX, TRX, TON, OKB. Which coin did I miss?

That BTC drop surprised a lot of people, especially with all the $110K talk. Crazy how fast traders jumped into alts—ETH, SOL, XRP all started flying. Market moved fast.

[Pablo-wood]

People don’t usually trust altcoins during uncertain times, they turn to the most stable asset, which is Bitcoin. We’ve seen this before. When the war broke out, Bitcoin dipped a bit, but look at it now.. it’s stable and back to a solid price level. Who knows, one of these days it might suddenly pump and hit a new all-time high again.

There is absolutely no guess work if bitcoin will hit a new ATH, It is a certainty the only challenge is it will require another waiting period whereby testing our patience. So far the adoption rate keeps adding in numbers over all other altcoins. Even during the war outbreak bitcoin dip wasn't as terrible as that of ETH which happens to be the second digital asset in the crypto space we all know the inherent volatility issues ETH keeps battling.

[peter0425]

While BTC, was having a fall, altcions started picking up. This is because, traders quickly turned to altcoins, the result? Altcoins are blooming.

Below are some coins that scaled up. ETH, XRP, SOL, AVAX, TRX, TON, OKB. Which coin did I miss?

All these altcoins that you mentioned were falling when bitcoin was falling during the war. I always check the price of ethereum and solana and their prices were proportional to bitcoin price is all that I knew. They move in the direction of bitcoin price. If you see them rising, that is because bitcoin was already rising at the time.

Good to be verified. I thought I was mistaken because I did not think altcoins were rising when bitcoin declined. Bitcoin declined but only a bit. Nothing too shocking or dramatic, imo. I saw some people hype up the "altcoin season" but again I do not see it and I still see bitcoin is the one dominating right now. Even when bitcoin declines, not many turn to altcoins.

[goldkingcoiner]

But at the rate billionaires are buying up BTC, we might see that happen sooner than expected.

Do you believe this will have a positive effect in time too, or do you believe it is only positive news temporarily?  If any of them is evil, it would not be the first time in history a billionaire plans to harshly crash an asset to their advantage.

Well, it would not be the first time billionaires crash the market to buy cheap coins from the panic sellers. I think the Bitcoin community knows better than to fall for the same tricks again. And at this point, Bitcoin is so adopted amongst institutional buyers, they would only risk losing money by employing the same tactic, as the other billionaires would simply buy their sell.

What we should have seen is a correction to 90K at least. But too many institutions are buying like crazy so we just keep on hovering at the same price for a while. Will this lead to a plateu, a dip or a pump?

There is a fact people in any market must know: there are bullish months and bearish ones. Applying this principle into Bitcoin market, the appearances and participations of Bitcoin ETFs and institutional investors actually have created new massive organic demands on bitcoin, though it won't eliminate basics of the market cycle - bullish and bearish times.

The advice is don't time the market, do neither find ATHs and absolute bottoms.

Instead of trying to time the market that is a super hard task and you will fail, let build up your long term investment and accumulation plans, then doing it by Dollar Cost Averaging strategy over time. If you do this, you will not see severity of war on Bitcoin price.

That's good advice!

Timing the market is not only hard, it is impossible.

It all depends on probabilities that cannot be calculated to a certainty of 100 percent, no matter how much data you research or scrape with any kind of knowm technology.

I would also say that dollar cost averaging (DCA) is one of the best ways to go about it. From a personal view.

[Frankolala]

While BTC, was having a fall, altcions started picking up. This is because, traders quickly turned to altcoins, the result? Altcoins are blooming.

Are you for real. Who told you that traders stopped trading bitcoin and switched to altcoins when altcoins even dumped harder than bitcoin. One thing that you should know is that these altcoins are being influenced by bitcoin price movement. Sometimes, bitcoin pumps and they don't pump. It's only a minor correction and now the price has bounced back. Hope to see it above 112k soon.

[SUPERSAIAN]

Was the war definitely a factor in Bitcoin's decline? I don't think Bitcoin was going to correct itself anyway, whether there was a war or not, it does this cyclically. Even if the Bitcoin price is affected by any extraordinary situation, there are many institutions and now governments that are ready to buy Bitcoin.

Meanwhile, while Bitcoin was falling, altcoins were also falling, they may have fallen even more, this is usually the case. Bitcoin made its correction and is back on track.

[qurbanshah02]

The war in the middle east somehow rubbed off a great deal on the world's most reliable digital asset, Bitcoin.
Maybe some traders would had bet BTC was progressing to $110,000 before the dip. lol
 
The war in the middle east influenced the market, then along came the retaliation, which again reflected in the prices of digital assets.

We saw BTC go down in price, going as low as $99,000, within this period.

While BTC, was having a fall, altcions started picking up. This is because, traders quickly turned to altcoins, the result? Altcoins are blooming.

Below are some coins that scaled up. ETH, XRP, SOL, AVAX, TRX, TON, OKB. Which coin did I miss?

That BTC drop surprised a lot of people, especially with all the $110K talk. Crazy how fast traders jumped into alts—ETH, SOL, XRP all started flying. Market moved fast.

If you look at it, it was not much of a surprise. Until Bitcoin makes a new record with $120K, Bitcoin will continue to analyze in this way and we will continue to see surprises. All this is also related to it, but when it has improved, its price has also improved, which is why it is also becoming successful and able to trade, but it is not worthy of trust and success.

[Fivestar4everMVP]

The war in the middle east somehow rubbed off a great deal on the world's most reliable digital asset, Bitcoin.
Maybe some traders would had bet BTC was progressing to $110,000 before the dip. lol
 
The war in the middle east influenced the market, then along came the retaliation, which again reflected in the prices of digital assets.

We saw BTC go down in price, going as low as $99,000, within this period.

While BTC, was having a fall, altcions started picking up. This is because, traders quickly turned to altcoins, the result? Altcoins are blooming.

Below are some coins that scaled up. ETH, XRP, SOL, AVAX, TRX, TON, OKB. Which coin did I miss?

Well, from what I saw myself, none of this Altcoins you mentioned blossomed, it's very hard to see Altcoins go up when bitcoin, the father of all cryptocurrencies is falling down.
I saw bitcoin at around $99k with  a downtrending chart, and so also were all the Altcoins you mentioned going down as well.

But nevertheless, things have turned around at the moment, or so it currently seems, bitcoin is now trading around $107k while most Altcoins are showing positive movement at the time of me writing this thread, some say we are gradually getting into the altseason but I do not believe this, and won't until I see a full blown altseason for sure.

[Botnake]

If you’ve seen these altcoins scaled up, the question is, how long will it be? Because as far as I know, while bitcoin is quite affected seeing its price dropping below $100k, altcoins are not taking price increase as well, as they are mostly dependent on bitcoin and simply follow its path.

Bitcoin is now in its recovery phase, and hopefully this time its price will start to skyrocket so that we will land into its new all time high. While altcoins? I guess they’re still stuck in their low prices and not even sure if they will also rise up with bitcoin.

[Issa56]

The war in the middle east somehow rubbed off a great deal on the world's most reliable digital asset, Bitcoin.
Maybe some traders would had bet BTC was progressing to $110,000 before the dip. lol

I knew what was causing drop in bitcoin price was just the war between Iran and Israel, I knew when the war ends, then bitcoin price is going to bounce back, and as we can see, bitcoin price is already moving upward gradually. Immediately I heard about the war, then I told some people that do trade futures to close their position at that moment, because we will be experiencing increase in volatility in market.

Some people took advantage of the war and bought bitcoin when it drops below $100k, at least people like that will already be in profit right now, it might not really be much, but some people holding bitcoin for long term took advantage of that to accumulate more bitcoin  at a cheaper price.

[Crypto Library]

While BTC, was having a fall, altcions started picking up. This is because, traders quickly turned to altcoins, the result? Altcoins are blooming.

Below are some coins that scaled up. ETH, XRP, SOL, AVAX, TRX, TON, OKB. Which coin did I miss?

As far as I understand from my analysis, the main reason behind the drop in Bitcoin price was the Iran-Israel-USA war, and the attempt to recover Bitcoin price was also due to the cessation of the war.
But to me, the market seems very confusing right now because the market has recovered from bitcoin's bear trap of 74k, so it wouldn't be surprising if bitcoin drops and heads towards a real bear season.
However, I was expecting the market to go up a little more and create an all-time high price, such as around 120k. Now it remains to be seen what the market will do in the future, but at present I am not making any new investments.

[Ndabagi01]

While BTC, was having a fall, altcions started picking up. This is because, traders quickly turned to altcoins, the result? Altcoins are blooming.

Below are some coins that scaled up. ETH, XRP, SOL, AVAX, TRX, TON, OKB. Which coin did I miss?

In this bull market, most of the altcoins are falling when bitcoin is also and when bitcoin begins to rise, they don’t rise with the same momentum that bitcoin uses to rise. This movement of bitcoin and altcoins in this market bull run makes it unpredictable if the altcoin seaosn will ever come this season as some people are already predicting of not foreseeing it coming. When bitcoin has gotten to its peak is when altcoins begins to rise more, when investors in bitcoin begin to withdraw their investment in bitcoin and put into altcoins. If we are using that perception to how the altcoin season will occur, then there is still hope in it as we are yet to see bitcoin reaching its peak in this bull run yet.