Big Daddy Bitcoin is Back & Your Alts Might be Hurting Because of It

in cryptocurrency •  7 years ago 

Bitcoin is back up $17,000 and with that nice move, the air has been sucked out of some of the hottest altcoins of the past month like XRP, XLM, ADA and more. Is now the time to lock in profits, buy the dip or something else? Let's talk about the day's action and what we might see in the future.

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God bless you.

Bitcoin is moves to higher and higher.

with higher and higher fees to go with it

Didn't this retarded idea that Bitcoin was going to consume the entire world's electricity supply by 2020 get debunked already?

Yes it's tiny! Traditional finance has way more data centres, requires armoured cars to transport physical cash. Bitcoin can even help fund green energy as mining allows you to immediately start making a return even if there is no current demand. YOU CAN'T TURN OFF A WINDFARM LOL

he's talking about transaction fees

And longer transaction times :(

I noticed that when Bitcoin rises, Altcoins start to fall. But when Bitcoin falls, Altcoins start to rise. The money movement pattern in cryptocurrency markets.

It should wait for the soon to be 20000$ ;)

no reason for this. The situation is obvious. CB is clogged as is every exchange. Once BTC, ETH, and LTC can move again the alts will rise. This was just some profit taking. BTC is practically pointless other than being the most paired coin but long term this will change.

saying bitcoin is pointless is like saying nike is no longer relevant. brand recognition matters. bitcoin is king. listen to andreas antonolpolous speak and you will realize btc will always be king. tech advances exponentially. btc team solid- they will fix whats ails it

At the moment the alts are going higher, too. Siacoin made over 83% in the last 24 hours and other coins like verge are just waiting for their big moments. I think this hype will definately go on a few time! Check coinmarketcap

YEAH BTC no sleep

Yeahhhh! Bitcoin is back! Might go on a major bull run!

Looks like it is right now, that's for sure

oh dady I want to be your sun :)

Do you have enough Helium to become the sun though? ;)

Bitcoin is going to be a killer like it always is, never doubt the God of crypto.

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It seems indeed as if people are moving into bitcoin and out of alt coins...

It will be on its cycle again... and will be on its new all time high soon. Thanks for sharing! Followed you, looking forward to see more of your posts and updates.

I can honestly say, most of my alts are still doing pretty well. There's a couple that I just got into that are +/- 5%, but nothing major. I think we're over the days where Bitcoin had such a massive effect on the market, I've seen coins happily going up while it's been going down. Don't forget, Bitcoin is only 35% of the market now instead of 90% this time last year.

Let's see if BTC can get back to ATHs!

Bobby, you seem quite negative on Litecoin in general but I think in the next few months your going to see the real potential it actually has. Basic jist is LTC is gunna get lightning network, atomic swaps, MAST and more WAY ahead of Bitcoin (some time in Q1 or early Q2), and with this will position itself as the leader in the micro-transaction space and potentially an up-and-coming ICO platform. Anyways I just wanted to point this out as I tend to find a lot of people have your mindset about Litecoin (Bitcoin test net and nothing more) but I think that mindset may soon be proven to be fairly tunnel vision for the most part. Just my 2 cents.

I agree with @budz82 litecoin devs are way ahead although lightning network has been implemented for bitcoin https://steemit.com/dtube/@safetony/bvlidub0

I agree with you. BTC will be a store of value but LTC will be a transactional leader. It also has a more consolidated community led by Charlie Lee who is focus on increasing utilization. Unfortunately, the BTC community seems to be more divided on where to go from here with some many forks.

" It also has a more consolidated community led by Charlie Lee who is focus on increasing utilization. "

FYI Charlie is going to be leaving Litecoin in a few months to help decentralize it further so don't be surprised by this news when it finally is announced.

Holding a bunch of bitcoin or alt-coins and want a secure wallet - there are some great crypto-wallet options available!

https://steemit.com/cryptocurrency/@nzfxtrader/top-5-best-cryptocurrency-wallets

Great read and thanks for the reviews ...
bitcoin-wallet.jpg

This just means that the rest are on sale...

yess it is as usual that whenever the btc daddy is in the mood than the alts kids will be suffer alot .
so a trader should also take care of its principal amount .
he should let him out when he see its btc daddy coming .
which is called as saving the shit from market crash .

042858f0e12d812a1b104712d3e421b5--so-funny-funny-stuff.jpg

Alts bounce back so much faster now than before so I think it's alts time to shine...

I have a FREE trading fund that you can join, just posted last weeks profits!

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I think the previous situation was better. Bitcoin surging and all other coins lagging is not a good sign. The newer coins are smarter, more scalable and should be valued more. Bitcoin is the wheel, Ethereum is a cycle, we need CARS!

Upvoted, watch out for the moon baby BTC is on the way. Hope everyone was able to take profits from this incredible ALT run and put it into our dear BTC.

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Little Bro LiteCoin smashing thru resistance levels...ETH perched at $1000; the boys are back in town!

Flight to Quality incoming!

Couple of my favorite alts (QSP, POWR) are doing alright...thankfully BTC dominance is down. This will be healthy for the market going forward.

It has almost reached 38 percent might go back up to 42 or 45 percent dominance.

Yes, but it was at 80% just a few months ago.

Bitcoin gave an opportunity to buy at the end of 2017. However, it is still necessary to see what will happen with the functionality problems of the currency.

Hi !
is Coinbase the best site to buy bitcoin ? can i transfer bitcoin bought to my blockchain ?


Haha this is what I have been waiting for. I believe Bitcoin will shoot up and break the $20,000 pricemark for a multitude of reasons including:

  • Its extremely low portion of crypto market cap
  • Its pretty stagnant price for the past month
  • People realizing that their new-found altcoins are worthless in the grand scheme of things, but wanting to avoid withdrawing money out of crypto and paying taxes
  • People just seeing Bitcoin rising and wanting in

Let's see where it goes!

FOMO timmeeee

Felicito el autor de este post quisiera ser tan grande con estos resultados Si me pudieras enseñar te lo agradecería desde Quito Ecuador por el mundo esta publicación fue votada por @gentebitcoin

  ·  7 years ago (edited)

so good analize !

Resteemed! This is important for everyone in the crypto world right now!

And God said "HODL"...
And God said HODL copy.jpg

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Bitcoin is back baby!

Bitcoin will always be King of this space - but I am excited for the future of alts as well! (even now)

Follow to follow back guys i am new on steem so please help me to grow..

following

What about Steem ? What are you thoughts on the recent move? Pump or something different?

Bitcoin is get higherrrrrrrrr

Bitcoin is here to stay

Thanks for the information

Yep altcoins cried all day long... Right now litecoin is doing a bit better tough, as bitcoin is resting a little before going up again...

Altcoins forever phuck Bitcoin

Bitcoin will never stop, but it will slow down eventually. It's a great value to store your gains. Digital Gold will never lose its value in the long run.

Whenever BTC goes on a rapid bull run, alt coins goes to red. I wouldnt be surprise if BTC goes above 50%. When that happens, that means alts will become on sale again. Waiting for that so I can buy some more coins on sale.

Similarly, bitcoin will continue to grow in the future with the future.

I'm happy to post you about bitcoin news

Wonderful post. Thanks for sharing this vital information on the rise in price of bitcoin as against the altcoins. Investors has to make that smart moves now. I upvote you.

yesss!! bitcoin to the moon!

Time to get more LTC for me :)

I think bitcoin is overrated, now we should move to our concentration to altcoins.

19-20 thousand within range!

I think it's time to switch from the Alt Coin mini rodeo ride into the Bitcoin train bullish ride!

bitcoin is the best.

I like it bitcoin and bitcoin and bitcoin

My alt is riding the wave, 😎 still a ways to go, but it will make it #ToTheMoon

bitcoin will increase more after lightening network is introduced maybe beyond 25000

Keep up the great work
KEEP POSTING AND PLEASE TAKE MY VOTE
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This reminded me Rick Falkvinge, CEO of BitCoin Cash when he said that Bitcoin has no limits (yes, we have all read or heard the same thing, but here he explains it in such a natural way that it fills us with greater hopes).

I honestly believe that it has been one of the best and most prophetic interviews I've seen about it. I share with you @cryptobobby

The Altcoins certainly suffered today but we all know that this is the perfect opportunity to get them cheap!!
BAT and XLM and really cheap right now and bound to take off soon— don’t miss out!

Good post. Like the rest of your Steemit page, too. Followed you today and upvoted this post.

One of the lessons I learned is to always measure alts in terms of BTC, because you have to offload into BTC to get to fiat no matter what (some have ETH pairs too).

So I swapped my portfolio over to satoshis and let's just say today was a bloodbath for the alts in terms of their BTC value.

Luckily I hold BTC... ;)

~ Kevin

Still kind of new to crypto and I am feeling the same way. If I refer a crypto based on BTC I get a better view as to which cryptos are benefiting and which are losing. Thanks.

Yup. This was HUGE for me too. So elementary, but if you don't think about it in the right way...bye bye BTC. :)

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Good post

We have to play the crypto game the right way. If this affects STEEM we can load up and share in the increase when it resumes. STEEM TO THE MOON!

Yeah I agree when dad bitcoin hhh grows that means other alts arrive to take a new place in the marketcap so these days BTC go go go this is the result of deep web

Thanks, for helping me cryptobobby

There is almost a pattern forming, as the rise in price for each of the coins comes in turn. Now it is LTC's turn. I bet the next wave will be IOTA, .....

Good Information .

Funny that I'm checking it out daily. Because my plans are to hold it for at least a year anyway.
Good post!

Bitcoin to $23 k soon! And while everyone floods BTC with their alt coin money im buying my favorite alt coins during the dip this stuff is so much fun!

I think in 2018 the moonings won't affect each other so much.

will proceed with sure steps

Thanks @cryptobobby for you recommendation.

Buy the alt coin dips boys

It's about time BTC starts to make a move.

ADA income : 3400,000 $

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Big Daddy Bitcoin is Back & Your Alts Might be Hurting Because of It


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  ·  7 years ago (edited)

Bitcoin no back, bitcoin always in priority, and, this year, go to the price 70.000$-100.000$. You are ready ? :)

something amazing with coin

The return of the King!

Grandioso post amigo! gracias por tu aporte,Saludos!

if it is well paid, put your conscience aside - xcryptomaniac

How do you think this is going to effect Litecoin? I thought the way it sort of 'spiked' from $100 in early Dec to $345 seemed strange. Now it is at about $248. Do you think that Litecoin is going to be positively or negatively impacted?

It's an expected reaction to XRP, TRX and some other altcoins falling.

People are still mostly trading BTC/Altcoins pair, so moving money from altcoins automatically "boosts" the value of Bitcoin.

That's why I always have at least 50% of my cryptocurrency portfolio in Bitcoin and only invest in well researched altcoins that have a function in real world.

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I really don't think Bitcoin is back yet! :) Don't rush it guys :)
My prediction is that this CryptoConference in SF will shake the market! :)

Why Ripple, Stellar, NEO nad DBC will rise in January ! :) and Bitcoin will NOT shoot up before 26. Jan :)
https://steemit.com/kucoin/@dan.irinko/btc-bitcoin-s-rise-is-getting-strong-resistance-here-is-why

Yup that's how it goes. I feel like there is 8 crypto whales that just run back and fourth behind the scene dumping a ton of cash into a specific alt coin they have chosen for the week then make their way back up to bitcoin. Anyone know one of these people? Lmfao 😂

that's the anticipation, but my guess would be that it won't get as high as it once was due to its transaction fee issue that just hasn't been solved

btc awoke

Either your a trader or an investor, not both. If you have a weak stomach for big dips, you have too much money on the table.
Trading involves a lot of experience and know how that you don't learn overnight. My opinion is that most people lose money trading.
If you just can't resist the crypto markets, then only buy what you can afford to lose.
If you insist on trading, the first thing is to learn how to read a chart, it's amazing what it can tell you.

those-who-bought-trx-at-the-right-time-are-like.jpg

Bitcoin is moves higher but ripple its great way to earn more should invest on ripple as fast as possible i think

I agree 100% about having a plan, but having a plan that involves numbers is where I'd make a suggestion. For me, some coins are traders and some you wanna hold. I don't focus too much on a number but rather the information surrounding the coin itself. This is where research and vindication really pay off. Everyone whats to own that coin that goes 10,000% higher but if your looking at numbers, could you have held on at 5x 10x or even 600x? If the information surrounding the coin hasn't changed, looking at it's numbers can be tricky. On the other hand if you happen to have a coin you got on the cheap and it pumps......no question, you sell it. The hard part is, do you know which one is which. Something else that gets me thinking is taking profits. I trade to get more of the coins I want to hold, not to increase my USD. Think Gresham's Law.

Good vids, keep them coming!

Alts bleeding!

Everyone's eye is always on Bitcoin. The alt-coins, at least many, are very interesting, with some being backed by amazing products/services, but I don't believe we've seen a small fraction of what Bitcoin has to offer as an investment. It can't be realized until the Lightning Network becomes usable.

2018 is going to be a great year for us investors!

Thanks for the information.

I believe steem is safer than Bitcoin. Although Bitcoin is the grandfather of all with the greatest branding name but it is getting so unpredictable as well as the profit level for small time investor like me is really low. Sending of bitcoin is also too expensive for me.