Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: RSRS on November 07, 2021, 10:22:22 AM
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Bitcoin prices have risen a lot in a few days We know that most of the cryptocurrency coins or tokens have increased prices depending on Bitcoin.But now the current market situation shows that Bitcoin is on the rise but all the other tokens or coins are down Bitcoin 40-60 The way it arrived, everyone had the idea that no other token had pumped as many tokens as there were.If anyone has the right idea about this Please discuss.
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Bitcoin does not go with all other coins. Because if we compare everyone to everyone then it is bad for us. So Bitcoin is not compared to all other coins. If the tenant is compared to the king, then what is the matter?
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We know that bitcoin is the fist position digital currency in this moment.We also know that when bitcoin price is increasing than others crypto price is increasing.So we can see that others crypto price will be dependent on bitcoin price.So i trust that if we collect or invest bitcoin we will be benefited from cryptocurrency market.So in the future time i will collect of bitcoin.
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The market value of Bitcoin is now the highest in the cryptocurrency market.We all know that Bitcoin is the best coin of all.The way Bitcoin prices are rising now may continue to rise in the future as the number of Bitcoin investors is much higher now.
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As what I understood, when Bitcoin is still ramping up or doing some upward movements, there is a big possibility that altcoins can be left and it can because BTC has become the focus of the market and where the attention of many voluminous traders are. Now, when BTC is doing some sideways or in a boring situation, the attention can shift to alts and that makes the market more exciting again. Please be reminded that am not an expert on this thing, really!
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We know that bitcoin is the fist position digital currency in this moment.We also know that when bitcoin price is increasing than others crypto price is increasing.So we can see that others crypto price will be dependent on bitcoin price.So i trust that if we collect or invest bitcoin we will be benefited from cryptocurrency market.So in the future time i will collect of bitcoin.
Yeah, altcoins will follow bitcoin.Il Because bitcoin is the King of crypto currency. As you said other crypto will depend on bitcoin.
Answer about OP mean. Why are not other tokens coming up with bitcoin ?? Bitcoin is pioneer, mate.
The first if crypto currency, other just follower
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Bitcoin prices have risen a lot in a few days We know that most of the cryptocurrency coins or tokens have increased prices depending on Bitcoin.But now the current market situation shows that Bitcoin is on the rise but all the other tokens or coins are down Bitcoin 40-60 The way it arrived, everyone had the idea that no other token had pumped as many tokens as there were.If anyone has the right idea about this Please discuss.
I believe at some point, some Investors will sell off their or some of their stakes in Alts to invest in Bitcoin will the price starts to move up, and when the price of Bitcoin stabilizes investors will sell part of their Bitcoin portfolio to invest back in Alts making the Alts rally over a different tie from Bitcoin. All these price actions are always based on Investors' pressure and if you know how to move with the market, it is a good thing.
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Bitcon is the crypto currency which is called the king of crypto currency. Crypto market volatility depend on the this coins. So we can not relate any others with bitcoin. Is is totally different form altcoins. Normally at the moment of rising btc no other coin will be pumped comparatively but after staying a relabel place altcons session can be started.
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Here are some suggestions on how to look or get an appointment for antique items. But no one could give me the right idea about this. At other times when the value of Bitcoin increases, The opposite is happening this year. With the rise in the price of bitcoins this year, the price of tokens is far from rising. I think Bitcoin is now self-sufficient.
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We know that bitcoin is the fist position digital currency in this moment.We also know that when bitcoin price is increasing than others crypto price is increasing.So we can see that others crypto price will be dependent on bitcoin price.So i trust that if we collect or invest bitcoin we will be benefited from cryptocurrency market.So in the future time i will collect of bitcoin.
You were saying the you just have seen right now btc is the top position have ever seen that it had fall from its position .Its not true that other crypto is depend on btc .Every coin and token has its own project it could might affect when the market flow but nevertheless we can't say any coin depend on it .Its a crypto and also all the project with the blockchain named in crypto .The brand is the same just cryptocurrency .Othe coin/token price might get affect when btc violate but its still all coin/token has own rhythm of flow on the crypto market.
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Not every moment but it has not happened. If we observe the market a year from now, we will see that the price of Ethereum Bitcoin has increased along with the price of other Crypto markets. However, I think other cryptocurrency coins will no longer be dependent on Bitcoin. This is because the sudden fluctuations in the price of bitcoins have often had a detrimental effect on all common currencies.In the market.
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The number of users and the total supply affect the Bitcoin Price, we can see Ethereum as a competitor to Bitcoin, but we need a little time to see it.
With so many new projects coming in every day, the market cap of Altcoins is still small when compared to Bitcoin.
just enjoy the process and one day we will definitely see altcoins like Ethereum can reach a price of $40k if the amount of eth supply continues to burn.
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When the price of bitcoin starts to rise, many continue to invest in it, stimulating its further price growth. However, over time, after the price has risen to a new level, and participants begin to fear the onset of a correction, usually part of the bitcoins are converted into cheaper and more promising altcoins, and therefore only from that time they also begin to increase significantly in price. That is, the capital from bitcoins begins to flow into altcoins. Of course, a significant part of them grows in price along with bitcoin, but such growth is usually relatively small.
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I know several cryptocurrencies that are close to bitcoin in price, but this does not mean anything since these projects do not have great prospects in my opinion, bitcoin is gold and it always comes first
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The token is definitely different from the way Bitcoin works, the vision and mission are also different so that the price of the token is different from the others and this is what makes the price of Bitcoin and altcoins tokens go in opposite directions.
Regarding price changes like this, it is not much different from Bitcoin trading from 2017 and this is really very reasonable and if we have tokens that are not yet in the top 100 of Coinmarketcap rankings, be careful not to get dumped.