Post
Topic
Board Bitcoin Discussion
Re: Why doesn't bitcoin go up higher percentages like altcoins?
by
mezzaluna
on 17/04/2021, 15:12:25 UTC
With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever?  Look at binance coin and many of those other coins that are literally doubling in a week.  Now the btc dominance is going so low.  And even when btc goes up... you don't ever see it going up that much percent in a week.  I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.



I believe that it is because of the Market Cap. The higher the MC, the harder for it to pump but its still possible for Bitcoin to be bullish but we need to expect it to rise slowly. The rate of people selling it is more than the people trying to buy it. Bitcoin does not grow its value weekly even though its possible. Bitcoin is for a more long term HODLing situation that a kid with knowledge with Cryptocurrencies should do because he/she has that life ahead. Alternate Coins are being created on the daily and all of this have the possibility to grow 50% within a day or within a week.