Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Bobcrypto on September 20, 2019, 07:27:36 PM
-
Hello guys, i had thought that what we experienced in 2017( the all time bull run) and the 2018 worst crypto experienced( the all time bear run) could be traced to the curren altcoins bear market that has completely separated it from the Bitcoin prices movement.
Bitcoin so far has witnessed some certain percentage of good market prices for the past 5 months, unfortunately altcoins generally has been loosing grip of it's prices, fluctuating downwards without recovery. Now, i have reasoned that this could be as a results of the fact that many altcoins investors are unwilling to inverst, like they did in 2017, and consequently the total prices collapsed in 2018. What do you think?
-
After the massive losses from bitcoin and altcoin dumping last year, it is obvious that investors would prefer assets that has stronger community support now and that happens to be Bitcoin. The general sentiment now is that investing in altcoins exposes you to more risk and if you want none or less of that, buy BTC.
-
Of course, it’s difficult to say and predict something, because the situation on the cryptocurrency market can change in a matter of minutes, but in the last one or two weeks, altcoins have grown in price and I think that this is a good sign and maybe this year will be still small the growth of altcoins.
-
Hello guys, i had thought that what we experienced in 2017( the all time bull run) and the 2018 worst crypto experienced( the all time bear run) could be traced to the curren altcoins bear market that has completely separated it from the Bitcoin prices movement.
Bitcoin so far has witnessed some certain percentage of good market prices for the past 5 months, unfortunately altcoins generally has been loosing grip of it's prices, fluctuating downwards without recovery. Now, i have reasoned that this could be as a results of the fact that many altcoins investors are unwilling to inverst, like they did in 2017, and consequently the total prices collapsed in 2018. What do you think?
What do you mean by altcoins price was completely separated from bitcoin price movement? Is it not clear yet the altcoin's price depends on bitcoin? Whatever the price relationship is (bitcoin up = altcoin down, bitcoin down = altcoin down), bitcoin has been dictating how the crypto market moves especially with its increased market dominance.
-
More precisely from the end of 2017 until now, there has been a decline in the interest of cryptocurrency. does this have to do with the number of stable coins on the exchange? or maybe investor interest is higher in stable coins and waiting for a good moment to buy another coin. this is just my opinion.
-
~snip~ the curren altcoins bear market that has completely separated it from the Bitcoin prices movement.
~snip~
I don't think that they are completely separated. If we count the prices when the Bitcoin rises, then altcoins will have a bit of improvement. But the altcoins cannot improve quickly and constantly like Bitcoin. I think it is normal because most investors move their capitals to Bitcoin. However, we have seen a good improvement in altcoin prices currently. Just compare the prices in this year and in 2018, then you can see it.
-
More precisely from the end of 2017 until now, there has been a decline in the interest of cryptocurrency. does this have to do with the number of stable coins on the exchange? or maybe investor interest is higher in stable coins and waiting for a good moment to buy another coin. this is just my opinion.
I don't see how the number of stable coins is really affecting the cryptocurrency market. Would you care to elaborate more on that?
What do you mean by altcoins price was completely separated from bitcoin price movement?
Not completely separated but left behind by bitcoin. I think that's what the OP is trying to say.