Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Bobcrypto on July 26, 2021, 10:50:23 AM
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I have been watching the market very close for the past 4years and i had come to a conclusion that without bitcoin pumps there can't be altcoins seasons. It is practically impossible for altcoins to pump when the price of btc is falling, and as a matter of facts, Btc controls the entire crypto market. I am hoping that btc control will reverse or change, at least, to see some of these altcoins move on without btc control.
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You are correct and also we know that without Bitcoin whole crypto market is totally valueless. All crypto market always depend of bitcoin price when bitcoin is Pump then all market colour is Green and when Bitcoin price is Down, then all altcoin price is too much down.
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We acknowledge that the growth of BTC after each halving event is the main driver for investors to focus more on the market, followed by the growth of altcoins during the altseason. Without BTC growth, ETH would continue to be below $100 and ADA would continue at $0.10.
However, I think Altcoins' dependence on Bitcoin is slowly diminishing as platforms are finding real value in data storage technology. We can expect a period where BTC only makes the altseason stronger.
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I think you're correct. We always use the ups and downs of Bitcoin to decide whether it's bull or bear market.
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I have been watching the market very close for the past 4years and i had come to a conclusion that without bitcoin pumps there can't be altcoins seasons. It is practically impossible for altcoins to pump when the price of btc is falling, and as a matter of facts, Btc controls the entire crypto market. I am hoping that btc control will reverse or change, at least, to see some of these altcoins move on without btc control.
Of course, I agree no BTC pump ls No altcoins season. Because bitcoin is trend centre and always be followed by altcoins..
That's fact.
I hope bitcoin will pump again and we will see the bullish at this year.
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I have been watching the market very close for the past 4years and i had come to a conclusion that without bitcoin pumps there can't be altcoins seasons. It is practically impossible for altcoins to pump when the price of btc is falling, and as a matter of facts, Btc controls the entire crypto market. I am hoping that btc control will reverse or change, at least, to see some of these altcoins move on without btc control.
This is basically true. Most of the time, all other cryptocurrencies' prices move along with the Bitcoin price pattern and even if you take a look at the price chart, you would notice this.
(https://i.imgur.com/iuIlSFU.jpg)
You would notice that apart from the stablecoins, all of the others price chart looks like the price chart for Bitcoin. Crypto prices will always follow Bitcoin price unless in few cases where there is some sort of news with a particular project and its price bounce without bitcoins influence, I have witnessed this with BNB at some point.
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You are correct and also we know that without Bitcoin whole crypto market is totally valueless. All crypto market always depend of bitcoin price when bitcoin is Pump then all market colour is Green and when Bitcoin price is Down, then all altcoin price is too much down.
The value of a coin is not always directly related to its price per coin. But this does not mean that if the price of altcoins decreases, then the cost of such a project also decreases. Projects continue to work and develop regardless of the price of the coin.
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without bitcoin pumps there can't be altcoins seasons.
That's partially true as any altcoins can pump if those're going to have major event in the upcoming days or weeks. Just look at BNB back in bear market when bitcoin wasn't having any bullish sign, but bnb did a bullish rally because of the starting of IEO hype. Not only this, theta was going to have mainnet 2.0 back in 2020 and market wasn't that much bullish, only sideways movement on bitcoin, but theta took bullish rally and pumped more than 7x in that time. ;)
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You are correct and also we know that without Bitcoin whole crypto market is totally valueless. All crypto market always depend of bitcoin price when bitcoin is Pump then all market colour is Green and when Bitcoin price is Down, then all altcoin price is too much down.
It is hardly worth arguing that altcoins are completely useless without bitcoin. If Bitcoin suddenly disappears, altcoins will continue to exist without any problems. The popularity of bitcoin is still based on the ability of bitcoin to grow in price. However, this will not last too long. There is already a problem with the price growth of bitcoin. If bitcoin drops in price several more times after the next price surges, fewer and fewer investors will want to buy it during the period of its price increase. You will have to rely only on beginners, who will gradually also learn not to lose their investments. It seems that the price of bitcoin is even about a million dollars and more, this is just a beautiful fairy tale.
The cryptocurrency market is developing rapidly and it develops practically at the expense of altcoins. There is no experience of possible scenarios for the development of further events. However, it is better to follow the general rules for all markets and not put eggs in one basket, even if it is Bitcoin.
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Because mostly altcoins are following the trend in Bitcoin, so for another altcoin season we need a pump on BTC price. It is very difficult to have altcoin season if people think badly about Bitcoin. It is sure to have big impact on altcoins, people will be afraid to buy altcoins if no good news in Bitcoin as well.
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Yes, this is quite true and not false. The altcoins market is all dependent on Bitcoin so where BTC is going altcoins can be there also...with some exemptions, of course, every now and then. Bitcoin represents the whole crypto industry and as a leader it is providing the direction and the sentiment of the market. Let's hope that August can be a better - not bitter -month for the cryptocurrency industry.
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I think that Bitcoin often has the final word when it comes to market sentiment. Experienced traders and investors always check Bitcoin before selling their altcoin position. The dependence is obvious.
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This is very true. Currently the entire crypto market is couples to bitcoin's price action... the only thing I can think of that will change this is if another crypto asset (ETH being the only realistic possibility in the medium term) overtakes bitcoin in market cap (and keeps that position). In that case we might see crypto markets decoupling from bitcoin and it's 4-year halving cycles...
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This is very true. Currently the entire crypto market is couples to bitcoin's price action... the only thing I can think of that will change this is if another crypto asset (ETH being the only realistic possibility in the medium term) overtakes bitcoin in market cap (and keeps that position). In that case we might see crypto markets decoupling from bitcoin and it's 4-year halving cycles...
Yes, as long as Bitcoin outperforms the rest of the cryptocurrency in terms of market capitalization and price dominance, altcoins will follow its price movements. The only question is how long this state of affairs will last. We will not get an exact answer to this question yet. The cryptocurrency is developing rapidly due to the development of altcoins. Bitcoin has lagged far behind in this development compared to most altcoins. Bitcoin takes the leading position mainly due to people's belief in its continuous price growth. This factor is not eternal and if it disappears, the situation on the cryptocurrency market will change dramatically. Then the price dominance of bitcoin over other types of cryptocurrencies will disappear.
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It might be arguably it basically.
If Bitcoin costs suddenly, Altcoins will follow him with a drop very far.
However, lately, various Altcoins (especially the Crypto Adn NFT game) are Different. They have a very high rate of rise compared to other Altcoins even when Bitcoin Drop.
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If Bitcoin is not the King of Cryptocurrency, then we can expect Altcoins to move ahead against Btc. The Crypto ecosystem is influence by Bitcoin movement whether uptrend or downtrend. Once the momentum shift there's something to follow.
The impact of Bitcoin is extraordinary that can send altcoins even shitcoin into hell or into the sky. Bearish or Bullish is triggered by Btc.
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I think that Bitcoin often has the final word when it comes to market sentiment. Experienced traders and investors always check Bitcoin before selling their altcoin position. The dependence is obvious.
You are very correct, I also look up on btc price trend before taking my position on either a buy or sell. It is betting clearer on the daily basis that btc is the king of crypto but I wish this dominance will brake some day.
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I think that Bitcoin often has the final word when it comes to market sentiment. Experienced traders and investors always check Bitcoin before selling their altcoin position. The dependence is obvious.
You are very correct, I also look up on btc price trend before taking my position on either a buy or sell. It is betting clearer on the daily basis that btc is the king of crypto but I wish this dominance will brake some day.
Bitcoin is the number one coin on the cryptocurrency market and no other coin will wear its crown for a long time. It is obvious that immediately after the rise in the price of Bitcoin, prices for altcoins also rise, and this will continue for a long time.