Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: alltalk on August 02, 2020, 07:38:34 PM
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Bitcoin price has dropped -3.85%, while Ethereum price surged around +5.61% this time. It showed us that Ethereum or some altcoins aren't always following the trends of Bitcoin. Once people claimed altcoins will follow the trends of Bitcoin nowadays, this breaks the opinion and brings something different to happen. Guys, will this be the beginning of altcoins season while Bitcoin to be bearish again? What do you think?
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I think it is a good sign for altcoins, this can be the beginning of bullish on altcoins. But we cannot claim it now, the price may drop again to follow the Bitcoin again. Be patient to see what the trends in altcoins to happen in the near future. I doubt if Bitcoin dropped much, the altcoins will be bearish also. :D
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Just checked the current price of Ethereum, it is also following the drop of Bitcoin. The current price move of Ethereum : -2.25%, and the price move of Bitcoin : -5.39%. It shows us that ethereum will follow Bitcoin trend whether to drop or to increase. The positive move in ETH price you stated at OP, seems only happened in a short time.
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until now there is no fear that anything will happen with bitcoin, because bitcoin will be quick to correct the movements that occur. I still have faith that altcoin is still very much affected by bitcoin, because after all the existing statistics do not always reflect that altcoin movement is due to improvements in altcoin itself.
altcoin clearly remains as profitable as bitcoin and that also cannot be denied, but until now the movement of bitcoin is very influential of all altcoins that exist, few altcoins can move on the capabilities available to them and are usually only temporary and do not continue to stick.
bitcoin is still a very profitable investment for now and is highly sought after, not underestimating altcoin of course in this case, if you see too many that altcoin can perform well and very promising. but it does need continuous analysis of altcoin which we will make an investment of course.
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Don't be afraid of the drop in price both for Bitcoin or Ethereum. They will increase again as I think it is not the time for a bearish. Look at the current price, it is rising again and the price is in green again. I think the drop yesterday is just a small correction before another big pump.
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Bitcoin's price dominance still persists. However, even during the period of current growth, the level of bitcoin capitalization as a whole is even falling slightly. Now the capitalization of bitcoin is just over 61 percent. That's pretty low given its decent price growth.
The anticipation of the implementation of improvements in ethereum strongly influences the outstripping growth of the ethereum price compared to bitcoin. The ethereum price still follows the bitcoin price, however, their price movements are not always synchronous. Due to the increased demand for ethereum, the price of this coin sometimes even rises despite the fall in the price of bitcoin.
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Don't worry, Bitcoin will rise up again and we probably see the big increase in Bitcoin price in the near future. I believe it really happens because the hype of the current halving is still there. Many people still trust on the significant increase after the halving, they predict it happens in the next year. So, then both BTC and ETH will be in positive trends.
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I think we are just easily overreacting when BTC drops or surge with a little amount. This is sometimes the reason why there's dump in the market.
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Bitcoin price has dropped -3.85%, while Ethereum price surged around +5.61% this time. It showed us that Ethereum or some altcoins aren't always following the trends of Bitcoin. Once people claimed altcoins will follow the trends of Bitcoin nowadays, this breaks the opinion and brings something different to happen. Guys, will this be the beginning of altcoins season while Bitcoin to be bearish again? What do you think?
currently movement is on opposite site. Most of the alts except ethereum is moving downward while bitcoin is continuing its movement on the upward side. I loss most of my trading today since my favorite is always on the alts. I think to stay put on the USDT coin to stop my loses. I would come back maybe the next day when im seeing alts on the green color.
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Now, those coins are improving their values together, bro. Bitcoin and Ethereum look having the same pattern in their charts. I am not surprised with that fact as the Bitcoin is always followed by others to improve or drop. Let's hope that this good season will continue lasting or a long time.
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It is too early to say that the BTC price has dropped. because there is still a big chance for BTC to rise up again after the market correction. That is why what we must od is never panic and stay update on the market in order to know the progress of the rate.
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Not yet time to say bearish again where bitcoin came from recently bearish for 2 years I think. Good luck might happen soon to bitcoin and cryptocurrency. I know cryptocurrency is not about luck but reality and technical analysis to grasp the concept all about.
Being optimistic could help us to joyfully wait the full-grown of Bitcoin to come back.
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If btc remains at 11k for too long, I think there is more steam to take btc to 15k. In the history of bitcoin, it has never stay for long at 11k. The dominance is falling, so I expect more alt to play for now with there immensely sweet and easy gains.
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it started to pump, alts are now on the move to pump the price but some alts are still on the bottom, I was not a lucky guy this past days because alts are mostly on the downside movement. even now, i can see my funds going down. hopefully, market will recover and alts will continue to rise so my funds will not loss. i need money now because of the pandemic but it sad my trading was always on the loss.
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I often trade with VETxBTC on Binance and this reality is completely reversed.
I see something that goes against and against the Bitcoin price.
Example:
Bitcoin goes up in price, VET goes down.
Bitcoin goes down in price, VET goes down.
It looks like the OP has to watch VETxBTC trading on Binance to have a good laugh. LOL
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I think that in Q3, there are some good changes and this is where altcoin jumps again. considering bitcoin has hit $ 12k, this proves that investors are starting to move again. do not miss this opportunity.
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It is too early to say that the BTC price has dropped. because there is still a big chance for BTC to rise up again after the market correction. That is why what we must od is never panic and stay update on the market in order to know the progress of the rate.
Always be aware to identify the market motion is necessary to save yourself from panicking and immediate sell your bitcoin. Yeah! It is too early to say bitcoin decrease though it is right but bitcoin is not yet done to progress. Bitcoin still in the process to increase.
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Yeah! It is too early to say bitcoin decrease though it is right but bitcoin is not yet done to progress. Bitcoin still in the process to increase.
Well, it is true that Bitcoin is growing and we shouldn't claim to decrease or increase too early. Why not to wait for several weeks or even months to see what's happening on Bitcoin price. However, if we look at from the improvement on Bitcoin price, it is already much better than the price of Bitcoin in the previous year. Halving makes the price of Bitcoin to be better and it influences crypto market to recover faster.
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currently market act like bull,so we hope that bitcoin will boom once again & alt are very crucial at this moment.actually all depend on btc price. eth & other alts will rise after bitcoin pump. right now btc are stable 18k$, so its monitoring moment.
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I think that in Q3, there are some good changes and this is where altcoin jumps again. considering bitcoin has hit $ 12k, this proves that investors are starting to move again. do not miss this opportunity.
Altcoins are started to move already simultaneously with bitcoin. I think if you have funds its better to try and risk everything during this time while the altcoins are still hot. I know bitcoin are true coin and legendary long term hold asset but I am also trying out some good projects that could lift me some decent gains too for short to midterm period.
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If in my opinion bitcoin will continue to experience increases but the increase will not immediately jump to therapy little by little, maybe now bitcoin is looking for a foothold to go up which is soaring, in my opinion.
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If in my opinion bitcoin will continue to experience increases but the increase will not immediately jump to therapy little by little,
I also think the same, Bitcoin seems to continually increase its price gradually. We already wait the bullish time for a long time, finally we are at the right time for bullish. I am confident that all people will keep the current positive trend in the crypto market. Unless there is bad news related to crypto, the positive trend should continue.
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In my opinion it's just a coincidence, and changes in Bitcoin and Ethereum are not very high either. However all Cryptocurrency prices follow Bitcoin price trends. Maybe only occasionally the opposite, but the percentage is very small.
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In my opinion it's just a coincidence, and changes in Bitcoin and Ethereum are not very high either.
Yep, it is just a coincidence, rarely happens in Bitcoin and Ethereum. Now, the Ethereum price is following the Bitcoin trend again. Unfortunately, the trend is not positive, it is decreasing now. Well, maybe it needs time for a correction before the next jump. So, we must be patient to wait for.