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Author Topic: Bitcoin dominance surge with bleeding altcoins  (Read 672 times)

Offline emma.lee1890

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Bitcoin dominance surge with bleeding altcoins
« on: September 06, 2018, 02:31:14 PM »
On 7th September, the cryptocurrency market went bonkers as the price of all the coins dropped within a matter of few minutes. The actual reason for the drop remains a mystery but several market speculators believe that the reason for the slump is the huge movement of Bitcoin via a wallet on Silk Road.
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Bitcoin dominance surge with bleeding altcoins
« on: September 06, 2018, 02:31:14 PM »

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Offline Zed0X

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Re: Bitcoin dominance surge with bleeding altcoins
« Reply #1 on: September 06, 2018, 04:20:59 PM »
Interesting. I have read in passing something about the Silk road earlier. It is a possible reason since there were no other news.
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Re: Bitcoin dominance surge with bleeding altcoins
« Reply #1 on: September 06, 2018, 04:20:59 PM »

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Offline emma.lee1890

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Re: Bitcoin dominance surge with bleeding altcoins
« Reply #2 on: September 06, 2018, 06:37:31 PM »
Quote from: Zed30 on September 06, 2018, 04:20:59 PM
Interesting. I have read in passing something about the Silk road earlier. It is a possible reason since there were no other news.
there were movements spotted on a wallet connected to the Onion website for purchasing drugs called Silk Road. The amount of Bitcoin moved was recorded to be almost worth $1 billion, which was transferred to Binance, Bitfinex, and BitMEX.
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Offline purpleseven

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Re: Bitcoin dominance surge with bleeding altcoins
« Reply #3 on: September 06, 2018, 06:47:39 PM »
I think because currently the holder is more dominant in bitcoin because of the bear market. A safe way to protect assets and avoid losses by holding bitcoin. bitcoin greatly affects the crypto market.
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Offline emma.lee1890

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Re: Bitcoin dominance surge with bleeding altcoins
« Reply #4 on: September 06, 2018, 07:06:17 PM »
Quote from: purpleseven on September 06, 2018, 06:47:39 PM
I think because currently the holder is more dominant in bitcoin because of the bear market. A safe way to protect assets and avoid losses by holding bitcoin. bitcoin greatly affects the crypto market.
Most altcoin is still in a downward trend.
The market is still undercapitalized, which is the most serious problem
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Offline Nestle

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Re: Bitcoin dominance surge with bleeding altcoins
« Reply #5 on: September 06, 2018, 07:10:02 PM »
Yes, all altcoins have a bad thing this month. if seen in coinmarketcap, the dominant holder of this year lies in bitcoin. everyone believes in bitcoin more and believes that the price of bitcoin will increase.
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Offline ayatoslaw

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Re: Bitcoin dominance surge with bleeding altcoins
« Reply #6 on: September 06, 2018, 08:34:09 PM »
yeah, currently criptocurrency is down, we have to prepare to buy more altcoins, sooner or later, whether it's the end of 2018 or early 2019, the altcoin prices will continue to rise. so prepare some money to buy altcoins that have great potential.
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Re: Bitcoin dominance surge with bleeding altcoins
« Reply #6 on: September 06, 2018, 08:34:09 PM »

Offline sturec22

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Re: Bitcoin dominance surge with bleeding altcoins
« Reply #7 on: September 06, 2018, 08:41:22 PM »
This one seems like a big bear trap. 111k btc reason stand still but I don'T think that it is the only reason.
Even though there are great news for btc, we see these crashes.
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