Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: masterrex on August 07, 2019, 04:10:54 PM
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I was wondering why Altcoins is not showing some major price increased only few are gaining ground. Something is missing with the market these days the top 3 coin by market Capitalization the XRP is not even showing some positive price increased. I smell something fishy about these sudden BTC price growth. Beware!
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It is not a surprising thing, brother. Since only Bitcoin that can move fast, people prefer to convert their assets to Bitcoin. Altcoins are hard to grow lately, most people seem to focus on trading Bitcoin. This leads to the growth in Bitcoin price but no moves on altcoins' prices.
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It has been a worrying situation but altcoin will still be a hit thought its us to have a bit more patience to actualize this but definitely in record time
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It is not a surprising thing, brother. Since only Bitcoin that can move fast, people prefer to convert their assets to Bitcoin. Altcoins are hard to grow lately, most people seem to focus on trading Bitcoin. This leads to the growth in Bitcoin price but no moves on altcoins' prices.
Thats very unfortunate on the altcoins side if these trend will continue more and more low rank altcoins on coinmarketcap will suffer and continue to dump its price it should be reverse but when?
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yes now pay attention to the movement of bitcoin prices have a good increase, but for me the altcoin market price is also no sign of a more stable increase, because they are also many people who hold altcoin for investment in the long run, so I think the price of altcoin is also still not there is a higher increase.
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if I think altcoin trends will soon follow the price of bitcoin in the future, because the growth of bitcoin prices is also still unstable this year. So I believe altcoin trends will also soon follow the rise in bitcoin prices.
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The gap between alts and bitcoin will likely widen in the future, where institutional money will only head for bitcoin, and the general demand for alts are diminishing. Therefore, only bitcoin and some true value coins such as SEAL will occupy the crypto space in the future
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Unfortunately, no one knows why altcoins do not grow when bitcoin grows, we have no choice but to wait and hope that everything will change soon, because by the end of this year there will be a lot of changes in the cryptocurrency world.
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It is not hard to understand, it is actually about the interest of people to buy. Since BTC can rise significantly and constantly, many people can gain big profits by trading BTC. Because of this, many people move their capitals from altcoins to Bitcoin to try their luck. So, it makes altcoins prices hard to increase because most people just focus on Bitcoin.