August 1 may cause a bitcoin crash

Even price increase is not always indicative of money flow, but depending on what recent time frame we pick. LTC's is higher and BTC is flat. (last 2 weeks)

So that could be indicative of people leaving BTC for the safer LTC, even if just temporarily...
 
Pekelo said:
You could say that recent price movement doesn't support my thesis, but you can not show market capitalization as evidence for money flow.

If the same 2 dozen traders trade the price higher by 10% among themselves the market cap will increase 10%, but there was no money inflow...
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Pfff.... trading among themselves will not increase market cap at all (it only influences volume).....

Your first post was "capital is flowing to alt-coins". So on what did you based that thesis?
Use that same thesis on the current market and you will see that currently the opposite is happening.
 
Hoi said:
1.Pfff.... trading among themselves will not increase market cap at all (it only influences volume).....

2.Your first post was "capital is flowing to alt-coins". So on what did you based that thesis?
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1. Sure it will. I buy my coin back from you for $1.5, my coins' market cap has just increased by 50%.
2. People stating their moves on Reddit...
 
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Pekelo said:
Even price increase is not always indicative of money flow, but depending on what recent time frame we pick. LTC's is higher and BTC is flat. (last 2 weeks)

So that could be indicative of people leaving BTC for the safer LTC, even if just temporarily...
More...

Ha.... while you are correct that among all alt-coins LTC was the strongest (Ethereum one of the weakest). It still lost value against BTC. See this chart from July 5 till now.

upload_2017-7-11_19-50-54.png
 
And just as bonus, here the chart for Ethereum.
And be aware that these are real trades between BTC and Ethereum. No fiat dollars involved. So the real presentation from capital flowing out-off ETH into BTC.

upload_2017-7-11_20-5-57.png
 

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Hoi said:
Ha.... I'm on Reddit as well,
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Still looking for a good thread, here is one for a quick ponderable:

https://www.reddit.com/r/BitcoinMarkets/comments/69xbl9/the_flow_of_money/

And again, it depends on what time frame we pick for an LTC - BTC comparison. When do we think people start their protective move?

By the way LTC this year has been beating BTC pretty much on every time frame. YTD, 2 weeks, etc. Smaller drops after an ATH, faster recovery (actually higher recovery)... Sure you can cherry pick one where BTC performed better, but overall LTC is the clear winner this year...
 
You gonna love this article:


Interestingly, the guy used the same example (FoolCoin) as I did a few post above. The point is, market caps are useless for measuring anything...
 
Pekelo said:
By the way LTC this year has been beating BTC pretty much on every time frame. YTD, 2 weeks, etc. Smaller drops after an ATH, faster recovery (actually higher recovery)... Sure you can cherry pick one where BTC performed better, but overall LTC is the clear winner this year...
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I know! And indeed alt-coins were extremely strong against Bitcoin. And that's my whole point that currently this is changing. And that's so odd.... just now at the moment of hyper tension and fear about Bitcoins-protocol change... we see alt-coin capital flowing out more than Bitcoin (in fiat terms) and even flowing into Bitcoin.... That's odd. I just wonder why and for how long?
 
Pekelo said:
The point is, market caps are useless for measuring anything...
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You are not reading my post very well (noticed that before). Market cap itself isn't useful indeed (I never wrote that), but the Dominance-chart is very useful and can be confirmed by the charts I showed: trading-charts of alts between Bitcoin all point to a remarkable observation that currently value is flowing into Bitcoin....
Question is: why?
 
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