Commonly, altcoins are following the increase of Bitcoin price. If the prices of altcoins are decreasing during the high move of Bitcoin, just wait for the Bitcoin price to be a bit stable or starting to sideways. I am sure that it is a good sign for altcoins to increase massively again. What we must do for now is to wait for the time of altcoins days, when the altcoins are increasing their values signifincalty. Some people stated it may be in week 3 or 4 of this month.
This usually happens: first, bitcoin grows in price and if its growth proves to be prolonged and it does not quickly return to its original positions, then altcoins begin to grow in price. Therefore, there is no need to rush to conclusions, but wait a while. After some period, capital will surely flow into altcoins. The significant value of the cryptocurrency is concentrated in altcoins.
Every market will have its own chance. So far, we know that Bitcoin will be always leading. The price of BItcoin will be rising at first and then it will drive other cryptocurrencies or altcoins to have their own time to rise up also. But commonly it will follow the BTC era.
What do you expect in the near future? Which scenario do you think will be optimal for the entire crypto market in November & December this year?December is past the middle of December, it's now the 17th but I haven't seen any Altcoin movement reaching a new ATH. Actually I hope by the end of this year I can close the year with high profits from the Altcoins that I hold, but if this situation persists until early January, then my target is missed.
I am sure that it is a good sign for altcoins to increase massively again. What we must do for now is to wait for the time of altcoins days, when the altcoins are increasing their values signifincalty. Some people stated it may be in week 3 or 4 of this month.
I’m buying now and if the market goes down again, I’ll buy again since my purpose is to hold until the next bull trend again and I’m still confident that it can happen this year so buying at a cheaper price now is a good idea. When Bitcoin's recovery many altcoin recover.
I see most alt coins growing alongside Bitcoin. Yes, Altc oins are affected we all know when Bitcoin rises most of the alt coins stop moving because most of the traders choose BTC instead of Altcoins we will see movement in Alt coins again when Btc starts consolidating.
The established price movements between bitcoins and altcoins will not last too long. Altcoins are developing very quickly, and bitcoin has practically stood still in its development for a long time, and I don’t see any prospects in this regard, since there is no single team behind it and it is very difficult for disparate groups of miners to reach any consensus. Because of this, the ratio in price dominance will gradually and steadily change and not in favor of bitcoin. Over time, the dominance of bitcoin over altcoins will disappear and completely different relationships will develop in the market. I don't think the market as a whole will benefit from this.I see most alt coins growing alongside Bitcoin. Yes, Altc oins are affected we all know when Bitcoin rises most of the alt coins stop moving because most of the traders choose BTC instead of Altcoins we will see movement in Alt coins again when Btc starts consolidating.
I think altcoins and bitcoin will grow together.
Altcoins always be follower bitcoin, And I believe crypto currency will have great future.
I see most alt coins growing alongside Bitcoin. Yes, Altc oins are affected we all know when Bitcoin rises most of the alt coins stop moving because most of the traders choose BTC instead of Altcoins we will see movement in Alt coins again when Btc starts consolidating.
I think altcoins and bitcoin will grow together.
Altcoins always be follower bitcoin, And I believe crypto currency will have great future.
You're right, I also still believe bitcoin and altcoins will have great future
I don't care about negative issue, we should hold crypto for future.
Now BTC has stayed above $60K, the quick bounce has taken us all by surprise, and also worried us. The majority of Altcoins have not yet recovered and Altcoin/Bitcoin rate is being negatively impacted as in a price shock.
BTC.D is increasing showing that money flow is being concentrated on Bitcoin and not Altcoins.(https://www.tradingview.com/x/76MyZ3FA/)
I myself am worried about this, because I only hold Altcoins. If BTC continues to rise too fast, Altcoins won't be able to keep up and the altseason may not come and we may not be able to get big gains in Altcoins volatility.
What I hope is BTC will sideway at $60K for a long time for BTC.D to drop to 35%, so money will flow into Altcoins and we see altseason.
What do you expect in the near future? Which scenario do you think will be optimal for the entire crypto market in November & December this year?
Now BTC has stayed above $60K, the quick bounce has taken us all by surprise, and also worried us. The majority of Altcoins have not yet recovered and Altcoin/Bitcoin rate is being negatively impacted as in a price shock.
BTC.D is increasing showing that money flow is being concentrated on Bitcoin and not Altcoins.(https://www.tradingview.com/x/76MyZ3FA/)
I myself am worried about this, because I only hold Altcoins. If BTC continues to rise too fast, Altcoins won't be able to keep up and the altseason may not come and we may not be able to get big gains in Altcoins volatility.
What I hope is BTC will sideway at $60K for a long time for BTC.D to drop to 35%, so money will flow into Altcoins and we see altseason.
What do you expect in the near future? Which scenario do you think will be optimal for the entire crypto market in November & December this year?
We all know, bitcoin is the king of crypto currency and altcoins is the follower of bitcoin.
I think if bitcoin goes pump, altcoins will pump too.
Every market will have its own chance. So far, we know that Bitcoin will be always leading. The price of BItcoin will be rising at first and then it will drive other cryptocurrencies or altcoins to have their own time to rise up also. But commonly it will follow the BTC era.