Quote from: ancafe on September 07, 2019, 08:43:42 AM

Quote from: novaprime on September 03, 2019, 12:54:26 PM

Quote from: tondenga2122 on September 02, 2019, 11:51:48 PM

Altcoins keep dumping even Bitcoin is going up.
Like today, we see Bitcoin is back to $10,000 resistance but altcoins still stay on their level.
The reason is Bitcoin dominance is almost getting on 70%, so that's why altcoin can not do anything.

Altcoins have no major competition with Bitcoin, and most of the other coins have been experiencing huge declines during the past year. It is really difficult to identify this market in the near future, but if altcoin does not have any major price improvements, altcoin will surely fall into crisis soon. Of course, everything is still very good right now but if Bitcoin continues to dominate this market, altcoin is no longer a good choice to invest.

although it is good for bitcoin, but I feel less when I don't see altcoin prices also pumping. it is true that currently, the price of dominant bitcoin rises higher, but that is not the reason why altcoin prices do not rise. In general, at the moment the price of altcoin has not yet recovered, I think the reason that is quite large is that its development is so far from bitcoin. although like that, I dominant hold altcoin compared to bitcoin right now. I hope, this year there is a good movement from Altcoin.

This is completely opposite to the current market trend because now I only see Bitcoin rising and all altcoins are going through a huge discount period so I believe this year will not be good if you choose to invest altcoin. A lot of investors also held altcoins during this time, but most did not earn any profit during the past 2 months. Maybe you trust altcoin more but Bitcoin is the coin you need the most attention at this time