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BullRunBit

Collapse on BTC market

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When the price of bitcoin is climbing many traders abandon the rest of the crypto market to focus on bitcoin because of that most of the other crypto currencies prices drop but it will pick again when the price pump of bitcoin stops.

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1 minute ago, Pom4ik said:

Bitcoin is the strongest currency how not and is the first currency in cryptocurrencies
This has made them dominate the largest proportion of the market

Yes bitcoin is the strongest crypto currency in the world and the first, bitcoin market power dominates the entire crypto market place, changes in bitcoin price can effect the whole crypto market.

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5 hours ago, CryptoBry said:

Unfortunately, that prediction never came true as we are now November 1 and the price is standing at $9100. Anyway, if BTC is rising there is a chance that same thing can happen with some alts (not all) but this is not all the times, it can just be an influence and not a guarantee. We have seen it a lot of times before and the same thing can be happening soon. Repeat of history is always happening here in crypto space. 

Yes but it's important do you trade on USD or on BTC market, do you wait altcoins season or bullrun.

Because it's two different thing, and If you look on past like you say you can see that when BTC price was 3,000 till 4,000$ altcoins on BTC market worth it a lot more than now.


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On 10/26/2019 at 3:49 PM, BullRunBit said:

Question is, what will be if one all prediction come true that BTC price will be 16,000$ till the end of October.

What will be price of altcoins on BTC market.

Tthe market is dominated by bitcoin even 67% of the market. I consider altcoin movements to be in correction because their holding partly shifts to bitcoin with market dominance. I think that rising bitcoin will affect altcoin to go up, because in its nature and history it is so "when bitcoin goes up, altcoin will go up and when bitcoin goes down, altcoin will go down".

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Usually, when bitcoin grows in price, the value of altcoins should also grow. Bitcoin I think will show a mark of 12,000 dollars. 

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It's really scary that altcoins can drop even more if bitcoin starts to grow very much. But that may not happen. It is possible that altcoins will only fall slightly in price. And then when bitcoin stops and even slightly falls in price, alcoins will start growing very much. But for some reason I think there will be no strong growth. If it grows, it will be gradual, so as not to harm altcoins

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Contrary to an announcement made by Bitcoin cashback company Lolli, e-commerce giant Alibaba says it has no partnership with the platform.

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There's been a strong growth in the market this year, but next year might be tougher. The halving is coming up, so I expect that will slow down a lot of miners. Maybe the price of Bitcoin will still stay consistent with what it is today. I don't see too many changes in that aspect. 

 

This is the perfect chance for some underdogs to start to lead the pack. So many people are focusing on the big contenders like BTC, LTC, and Ethereum, so nobody would suspect little old XRP to be in the running. 

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On 11/18/2019 at 12:58 PM, ashua1 said:

I agree with that. Bitcoin has been the king of cryptocurrencies ever since it started and it will always be there.

Yeah if bitcoin will collapse every cryptocurrency will follow so it is very logical to think that bitcoin will never collapse because it is supported by many projects. 


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6 minutes ago, SyntaxEr. said:

Yeah if bitcoin will collapse every cryptocurrency will follow so it is very logical to think that bitcoin will never collapse because it is supported by many projects. 

I agree, because since we all know that Bitcoin is the King of Cryptocurrency, all other crypto coins will follow to the movement of Bitcoin in the market if it goes down or up.

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On 11/18/2019 at 3:14 PM, Wish107.5 said:

price of altcoin will possible decrease but this will not affect the value of each coin we have.  So much better to buy more altcoin now and wait for the price increase 

I agree altseason might come this December if bitcoin continues to dump even doge was pump almost 6% the last time bitcoin fell. 

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It seems to me that such a drop in altcoins in price depends on the fact that people just started to panically sell coins in order to buy Bitcoin.

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On 11/18/2019 at 3:49 AM, nasipadang said:

Tthe market is dominated by bitcoin even 67% of the market. I consider altcoin movements to be in correction because their holding partly shifts to bitcoin with market dominance. I think that rising bitcoin will affect altcoin to go up, because in its nature and history it is so "when bitcoin goes up, altcoin will go up and when bitcoin goes down, altcoin will go down".

Altcoins are not in correction but rather they have been crushed since bitcoin started going bull mode from 3000 to 14000 and ecen some projects stopped and got out of the market because of this. Its only a market for the strong to survive. 

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On 10/26/2019 at 11:51 PM, BullRunBit said:

Let me explain a little.

22 October

BTC price 8,283$ (STABLE)

ETH price 0.02102437 BTC (STABLE)

24 October

BTC price 7,461$ (DOWN)

ETH price 0.02176185 BTC (UP)

26 October

BTC price 9,739$ (UP)

ETH price 0.019322953 BTC (DOWN)

Yes it is correction, but I talking about price in BTC for altcoins.

And what will be if Bitcoin price go much higher like 20,000$ or 30,000$ what will be with altcoins which have price in BTC 20sat or 30sat they will lose value in BTC market? That is my question.

The price of most altcoins are tied to that of Bitcoin, so they normally increase or decrease as Bitcoin does, but from experience, when the price of Bitcoin starts to rally real high, the price of most altcoin starts to plunge, because most investors in those altcoins would be taken over by FOMO and they'll sell off their altcoins to buy Bitcoin.


 

 

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On 11/28/2019 at 9:49 AM, Cryptominded said:

The price of most altcoins are tied to that of Bitcoin, so they normally increase or decrease as Bitcoin does, but from experience, when the price of Bitcoin starts to rally real high, the price of most altcoin starts to plunge, because most investors in those altcoins would be taken over by FOMO and they'll sell off their altcoins to buy Bitcoin.

Yes you have a point, and I forgot to note "correction".

When this thing happen always after sometimes price of altcoins (on BTC market) is recovering,

and that traders call "correction".

And this does not have to mean it for all altcoins, for example in last 24h DASH +7.3% and other altcoins is from -0.1% till -2.0%, I dont know what is the reason but this is good move for DASH.


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On 11/28/2019 at 9:54 PM, Naga said:

Altcoins are not in correction but rather they have been crushed since bitcoin started going bull mode from 3000 to 14000 and ecen some projects stopped and got out of the market because of this. Its only a market for the strong to survive. 

The more altcoin/tokens will indeed make the competition to survive in the market tighter, especially with the dominance of the bitcoin market. From what I know when the value of bitcoin 3000 goes to 6000 and even to 20k altcoin instead has the same increase as bitcoin, especially in ethereum and BCH. I fully agree with you this year altcoin has indeed been crushed

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When btc market price will increase then all the altcoin price will also increase. in 2020 the price of btc may go 20000 usd. besides btc all other crypto price will go high I think.

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Headlines like these are always made by people who haven't made good money for a while because even tho we are in a bear market for a long time.now but we can still make profits so stop being negative. 

20 hours ago, nasipadang said:

The more altcoin/tokens will indeed make the competition to survive in the market tighter, especially with the dominance of the bitcoin market. From what I know when the value of bitcoin 3000 goes to 6000 and even to 20k altcoin instead has the same increase as bitcoin, especially in ethereum and BCH. I fully agree with you this year altcoin has indeed been crushed

Thats the usual thing in crypto which is whenever bit coin is starting to go up other coins will lose value against bitcoin but will remain in same price in terms of dollar and whenever bitcoin is stable then altcoins start pumping. 

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On 12/1/2019 at 9:23 AM, Akbor said:

When btc market price will increase then all the altcoin price will also increase. in 2020 the price of btc may go 20000 usd. besides btc all other crypto price will go high I think.

It seems that it only applies to some large altcoins like Ethereum, Litecoin, Ripple, etc. Small Altcoins under the top 50 will usually even dump because traders change altcoin into bitcoin. Indeed, a very large bullish chance will occur at the beginning of the year but let's not expect too high, maybe $ 15,000 is enough.

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On 12/2/2019 at 12:04 PM, wilbertson said:

Are you saying that the price of bitcoin went up +25% within 24 hours but the other coins went down??? That's weird they always go up.

Yes but on same market, exact USD market.

And I talking about BTC market, and when price go up like in this case price in BTC market go down or vice versa.

I recommend you to make some research and try to learn how crypto market work.

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11 minutes ago, Ladidi said:

I assume btc will grow and grow like other coins that rely on it. And if it rises sharply to sixteen thousand, then there might be large X in other coins.

yea altcoins follow the steps of bitcoin and they have all dumped with it when it fell from 20k to 3,2k and now that we saw bitcoin rally from 3,2 to 14k i expect altcoins to rally as well soon.

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On 10/26/2019 at 11:49 AM, BullRunBit said:

How you already probably know yesterday Bitcoin price have good movemant.

For 24h price go up for +25% and currently price is 9,431$ for 1 BTC.

And we can see clean example how BTC price affect on altcoins price on BTC market.

This is altcoins movemants for 24h on BTC market:

ETH -10%

XRP -17%

LTC -8%

XMR -11%

DASH -11%

DOGE -17%

All strong altcoins on BTC market collapse, most of altcoins go down for over -10%.

Question is, what will be if one all prediction come true that BTC price will be 16,000$ till the end of October.

What will be price of altcoins on BTC market.

If it was happen like that's it means there was no market effect but only biggest traders was do such thing to rise bitcoin in order to sell and fall altcoins in order to buy


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This post was made for the end of October.  In fact this December BTC price is still down but I am sure it will be happy up soon over this December.

 Altcoins some are up aome just stable not hight not to drop.  Meaning we still have to wait.. what will happend ?

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On 12/21/2019 at 9:28 AM, huyscoi40 said:

XRP-17% of bitcoin's dominance in the market more than 70% of other coins depends on how it spikes if it continues even at $ 14. The higher the BTC, the more Dogecoin will increase

I do not think that Dogecoin will rise, whether Bitcoin has decreased or increased, I can almost certainly say that this coin is a failure, unfortunately, because it is slow to move and its price is very cheap.

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The price of bitcoin is indeed very influential on altcoin. If the price of Bitcoin goes down, the price of altcoin goes up, and vice versa. But sometimes there is one thing that is usually when the price of Bitcoin goes up so Altcoin prices go up like in 2017.

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