What's Going On with BTC and Altcoins?

20 replies 369 views
5tacks4tsHero Member
Posts: 136 · Reputation: 2261
#1Aug 1, 2019, 06:21 AM
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?
5 Reply Quote Share
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.
3 Reply Quote Share
0xNovaFull Member
Posts: 123 · Reputation: 597
#3Aug 4, 2019, 02:21 PM
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.
1 Reply Quote Share
whale420Senior Member
Posts: 727 · Reputation: 853
#4Aug 6, 2019, 05:48 PM
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.
3 Reply Quote Share
alex23Legendary
Posts: 23 · Reputation: 5978
#5Aug 8, 2019, 04:19 AM
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.
4 Reply Quote Share
5tacks4tsHero Member
Posts: 136 · Reputation: 2261
#6Aug 8, 2019, 07:59 AM
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.
1 Reply Quote Share
wagmiNewbie
Posts: 301 · Reputation: 14
#7Aug 8, 2019, 10:27 AM
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.
3 Reply Quote Share
nick.orbitFull Member
Posts: 239 · Reputation: 446
#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.
0 Reply Quote Share
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.
1 Reply Quote Share
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.
0 Reply Quote Share
dan.wolfFull Member
Posts: 101 · Reputation: 662
#11Aug 9, 2019, 10:58 PM
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.
2 Reply Quote Share
the_seedFull Member
Posts: 83 · Reputation: 725
#12Aug 10, 2019, 01:28 AM
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.
2 Reply Quote Share
fullnodeSenior Member
Posts: 434 · Reputation: 1205
#13Aug 10, 2019, 06:04 AM
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.
4 Reply Quote Share
5tacks4tsHero Member
Posts: 136 · Reputation: 2261
#14Aug 10, 2019, 06:54 AM
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.
4 Reply Quote Share
whale420Senior Member
Posts: 727 · Reputation: 853
#15Aug 10, 2019, 11:23 AM
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.
3 Reply Quote Share
AtomicLedgerFull Member
Posts: 62 · Reputation: 474
#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.
2 Reply Quote Share
bull2019Member
Posts: 29 · Reputation: 47
#17Aug 10, 2019, 05:04 PM
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!
2 Reply Quote Share
serHero Member
Posts: 580 · Reputation: 2321
#18Aug 10, 2019, 05:16 PM
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.
1 Reply Quote Share
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.
1 Reply Quote Share
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.
6 Reply Quote Share

Related topics