Sentences with phrase «on the altcoin low»

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Cryptocurrencies hastened their decline on Thursday, with the total market cap falling to its lowest level in over a week as bitcoin and the major altcoins...

With so many altcoin markets breaking above descending triangles and rallying to test the 0.236 % fibonacci retracement areas, many analysts are waiting for the markets to pull back and produce a higher low on larger time frame charts before proclaiming that the first altcoin season of 2018 is indeed kicking off.

Strong selling pressure continues to dominate the cryptocurrency segment, with the two largest altcoins Ethereum and Ripple leading the way lower, trading on new lows after the weak bounce of the last couple of days.

Barhydt's comments here are especially interesting in relation to the theory that altcoins focused on low transaction fees may eventually be made obsolete by Bitcoin's Lightning Network -LRB-

Barhydt's comments here are especially interesting in relation to the theory that altcoins focused on low transaction fees may eventually be made obsolete by Bitcoin's Lightning Network (see a full explanation of this here).

Here, every altcoin is paired with Bitcoin; apart from that, there are details on every pair's 24 - hour volume, its pricing, and the highest and lowest point for a cryptocurrency in the last 24 hours.

Since beginning of 2017 and due to quite toxic scaling debate, which resulted in lower Bitcoin market dominance rates, many operators add altcoins support on their machines.

A possibility to store several cryptocurrencies on one platform will also make it possible to diversify the assets and lower the risks related to the volatility of cryptocurrencies: altcoins are traditionally out of phase with the bitcoin, and if the bitcoin price goes down, the altcoin market demonstrates growth.

Bitcoin's roughly 70 % selloff from the December peak to recent lows has weighed heavily on «altcoins» and especially the newer tokens created via initial coin offerings.

However, if it is understood that if Bitcoin succeeds there will also be many other altcoins, then Bitcoin's value might only end up between $ 2,000 and $ 200,000 in the case of extreme success — creating a lower «ceiling» on what the price can be and thus narrowing the range within which estimates of Bitcoin's value can take place.

After the big sell off of both the altcoin — because investors find it virtually worthless for them to hold for the long term — and Bitcoin — because investors know the price is artificially high for the short term due to their market strategy — investors capitalize on the low price of Bitcoin from the massive sell - wall and they buy back the Bitcoin that they previously unloaded.

Last week, Altcoins hit the lowest levels in the last four months after Japanese and South Korean regulators clamped down on crypto exchanges.

On top of the profit investors make from selling - off all of their altcoin, investors will experience capital gains from selling their Bitcoin at an artificially high price and then purchasing Bitcoin back once the price is lower.

Bcash is currently trading above $ 300 on most exchanges, which in this author's opinion is high for an altcoin with no established economy, unknown developers, vulnerably low hashrate and no real technical innovations.

The ease of using a digital currency comes from low transaction costs and fast processing times, but Bitcoin is losing to its rival altcoins on both of these fronts.

After hitting a multi-month low of $ 6,094 on Tuesday, Feb. 6, Bitcoin is rebounding substantially Wednesday, Feb. 7, pushing over $ 8,000, and pulling the top 100 altcoins up with it.

Ethereum (ETH) and Ripple (XRP) plunged at a mid-single digit rate in early trade on Wednesday, while the rest of the top - ten altcoins are falling at low to high mid-single-digit rate.

The altcoin universe trended lower sideways on Tuesday, with the total value of coins not named bitcoin falling 2.6 % to $ 273 billion.