RE: Bitcoin (BTC) Morning Update: Correction is Likely to be DONE!! PRICE EXPLOSION IMMINENT!!

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Bitcoin (BTC) Morning Update: Correction is Likely to be DONE!! PRICE EXPLOSION IMMINENT!!

in bitcoin •  7 years ago 

What will happen with the ratios between BTC and the alt-coins?

bitcoin
7 years ago by

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      ·  7 years ago (edited)

    when btc starts to go up you will not see much difference in alts, as soon it becomes serious alts will drop and when bitcoin hits 18-22k alts will drop hard (maybe even crash by 50-100%)

    this has happened many times and is perfectly nomrmal.. as soon btc stabilized, alts will shoot up again.. the best is to sell some % of their alts into btc, for every 1k that btc rises.

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      ·  7 years ago 

    There seems to be a paradigm shift in my opinion where altcoins are becoming more independent from Bitcoin.

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      ·  7 years ago 

    I agree, and I think many have ditched BTC for good because of transaction price, speed, etc. I live in Europe, and I hear many referring to bitcoin as the modern Yahoo i.e. outdated technology, people are looking for the new google in the mix of altcoins.

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    [-]
      ·  7 years ago 

    Bitcoin
    Pros:

    • 21 Million Promise (Digital Gold)
    • The go to currency to exchange into cash
    • The blue chip of crypto

    Cons

    • It is slow
    • Can't update fast enough or won't update at all
    • It's so bad that people switch to ether to transfer to and from exchanges
    • Nothing new on the horizon

    Will the promise of digital gold be enough. If BTC keeps rising just 5% because people just use it to buy altcoins than BTC dominance will keep falling.

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      ·  7 years ago 

    and then when you add to it, that they can simply increase the block sizes and immediately fix the problem, it makes me mad that they refuse to do so, and even say that "high transaction fees are a good thing"!
    And, who wants digital gold? - I will take real gold anytime!

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        ·  7 years ago 

      I'm noticing the same!

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          ·  7 years ago 

        Yeh I agree and as more alts are added to fiat to crypto services like coinbase the more this process will be accelerated

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            ·  7 years ago 

          Yes, this seems to be good advice. It's all about timing. when Btc went to 16k I sold my alts too early and lost money .

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              ·  7 years ago 

            Could we talk more about this. DGB, XVG what is the wise thing to do right now?
            And what percentages are you talking about. I'm kind of a noobie so first time I'm in front of this situation.

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