BTC just dropped fast from 82k to 67k and its dominance took a hit too. Altcoins are also down but some are holding stronger. Does this mean alts are ready to bounce back more than BTC?
What's Going On with BTC and Altcoins?
20 replies 369 views
shard_2013Full Member
Posts: 634 · Reputation: 287
#2Aug 2, 2019, 05:50 AM
Good post but the chart isn't needed. Alts dropped too but not as much. BTC dominance went from 60% to 57.83% recently. If this keeps up, alts might follow big, but they seem more resilient this time.
Been waiting for altseason forever. Some folks are losing hope after recent dips. BTC's drop isn’t promising, but maybe alts can shine once this market dump is done. It's not too late for a pump.
Alts are more volatile for sure, and when BTC falls, they can bounce back harder. But they're also cheaper, which means higher risk. We’re a bit bearish right now, and the retracement levels are already filled.
Totally agree, alts bounce better because they're cheap and volatile. Traders like them since they can make quick profits. That's why altcoins might react faster than BTC when things pick up.
Right? Alts are definitely more volatile. This time, they're holding up better though. Maybe it’s because they’ve been dumped so low already, we’re seeing a low base effect.
This is just a classic bloodbath. Charts are painful to look at. But which altcoins are you talking about? The ones that’ve been down for ages? I doubt they’ll bounce unless something changes.
nick.orbitFull Member
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#8Aug 8, 2019, 11:28 AM
Alts need to outpace BTC on green days to show strength. Stablecoin inflows are dragging down the market. Once BTC stabilizes, it’ll likely turn bullish again. Now's a good time to stack up on BTC.
chris.novaMember
Posts: 179 · Reputation: 229
#9Aug 8, 2019, 02:13 PM
An altseason in a bear market? Sounds super optimistic. Without BTC hitting new highs or breaking the 100k mark, I can't see the whole market flipping bullish. Right now, alts are still following BTC.
pix3l_h4shNewbie
Posts: 147 · Reputation: 22
#10Aug 8, 2019, 07:17 PM
Exactly! Alts pumped recently but I’m not convinced they won’t get wrecked in the end. BTC’s falling but the alts haven’t reacted as strongly as usual. Gotta be careful.
The reason is simple. Alts aren’t pumping because investors lack confidence in them right now. The total crypto market cap is still above 2 trillion, so stablecoins are getting the love.
Market's unpredictable, but I don’t expect an altcoin season this bear market. It’s looking rough out there, typically this year is tough.
Anyone notice most exchanges are listing traditional stocks lately? I bet money's flowing into those instead of BTC since it’s tanking right now.
For sure, there are some tokenized stocks out there. xStocks is big right now, and those are available on multiple blockchains, not just centralized exchanges.
We all have our opinions. I’m not buying now. The momentum feels strong, but it could lead to further drops. Waiting for clearer signals before I accumulate more.
AtomicLedgerFull Member
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#16Aug 10, 2019, 11:30 AM
This surprises me. In the past, alts usually fell harder than BTC. Right now, their response to BTC's drop seems minimal. Could be a sign of long-term holders and their confidence.
For me, it’s time to stack sats! They’re cheaper now, and I remember when BTC was at 3k. As prices rise, I can buy less. Love the dips!
Things changed quickly this week. Prices have dropped and it’s affecting alts too. We should stay calm; maybe a bounce is coming if BTC stabilizes.
f0rk_5tackNewbie
Posts: 124 · Reputation: 3
#19Aug 13, 2019, 01:36 AM
BTC dominance has been under 60% for quite some time. Looks like it’s just retracing. Still, I don’t think we’ll see an altseason where most coins rise.
tony_4tl4sMember
Posts: 286 · Reputation: 84
#20Aug 13, 2019, 07:50 AM
Don’t forget, stablecoins are part of the stats! They account for a big chunk of the market. That's why BTC’s drop looks worse.
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