Topic: Altcoin - Bitcoin correlation (Read 1607 times)
Do you realise thst at the present price of Bitcoin, 2% increase is $15 in value. Also some of these Altcoins are valued in Both dollar and Bitcoin so decrease in Bitcoin value to do necessarily means decrease in dollar value
You can't compare 2013 to now. this year has been absolutely incredible for alts while btc has been pretty modest. i don't get why anyone would be complaining considering how much money could've been made.
what would be really interesting to see is what alts would do if btc really went for it. lots of people think dumb newbies would buy alts again because they're 'cheaper'. maybe. or maybe bitcoin would pull ahead for good. probably the former as human nature never changes.
what would be really interesting to see is what alts would do if btc really went for it. lots of people think dumb newbies would buy alts again because they're 'cheaper'. maybe. or maybe bitcoin would pull ahead for good. probably the former as human nature never changes.
Personally, I think the implosion of Steemit in August 2016 triggered this Alt Bear Market..
When they pissed away a $200 million cap... and 10K daily users... and just totally fucked it up...
I know it had a massive effect on me, like, people in Alts are complete amateurs relative to Wall Street.
And Steemit was the last straw after the suicide of Ethereum in May 2016...
Those rocket scientists led by VB created The DAO fiasco that surpasses Mt Gox by any measure of stupidity.
Boy amateurs Vitalik and Dan likely drove away a lot of serious people who just went back to Wall Street...
And Bitfinex demonstrated that your money is never safe in crypto, counterparty risk is off the charts...
Maybe those that left were right short term... ETH and STEEM and Alts have tanked ever since.
When they pissed away a $200 million cap... and 10K daily users... and just totally fucked it up...
I know it had a massive effect on me, like, people in Alts are complete amateurs relative to Wall Street.
And Steemit was the last straw after the suicide of Ethereum in May 2016...
Those rocket scientists led by VB created The DAO fiasco that surpasses Mt Gox by any measure of stupidity.
Boy amateurs Vitalik and Dan likely drove away a lot of serious people who just went back to Wall Street...
And Bitfinex demonstrated that your money is never safe in crypto, counterparty risk is off the charts...
Maybe those that left were right short term... ETH and STEEM and Alts have tanked ever since.
During the last pump of 2013 altcoins happen to rise at least as much as bitcoin.
this was very interesting. i did not know that.
Can you list the altcoins (that are still alive today) that went up back in 2013?
i could only check litecoin which went up to $48.48 when bitcoin went up!
You can see a series of historical altcoin price snapshots here.
https://coinmarketcap.com/historical/
This is a snapshot showing the prices of the main 40 altcoins on December 01 2013. Of those there's only litecoin, and ripple near the top today, most of the others are alive.
https://coinmarketcap.com/historical/20131201/
During the last pump of 2013 altcoins happen to rise at least as much as bitcoin.
this was very interesting. i did not know that.
Can you list the altcoins (that are still alive today) that went up back in 2013?
i could only check litecoin which went up to $48.48 when bitcoin went up!
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Right now it looks totally different.
Why do altcoins look so bad nowadays?
Bitcoin is just rising 2% and Altcoins are loosing on avg. 5-10%...
Shouldn't altcoins benefit when there is more demand for Bitcoins, hence the interest in cypto is rising ?
Or is the Bitcoin upsing right now merely altcoin traders moving into bitcoin because of some chart trading stuff and therefore just a redistribution?
I really wonder why altcoins look so bad when bitcoin rises, it makes no sense to me at all.
Why do altcoins look so bad nowadays?
Bitcoin is just rising 2% and Altcoins are loosing on avg. 5-10%...
Shouldn't altcoins benefit when there is more demand for Bitcoins, hence the interest in cypto is rising ?
Or is the Bitcoin upsing right now merely altcoin traders moving into bitcoin because of some chart trading stuff and therefore just a redistribution?
I really wonder why altcoins look so bad when bitcoin rises, it makes no sense to me at all.
what happens now is that when bitcoin price goes up against USD other altcoins lose value against in BTC to stay the same value in USD but the dump causes more dump and price falls even more.
also at the same time people sell their altcoins to buy more bitcoin which causes more drop.
During the last pump of 2013 altcoins happen to rise at least as much as bitcoin.
There were less than fifty altcoins in 2013, now there are thousands of them. The altcoins have to share a tiny bit of all the money in cryptocurrency, bitcoin gets most of it. Every week there are more new altcoins launching and more icos that are taking money away from the existing altcoins and lowering their price.
Times have changed. Back in 2013, most which invested in Bitcoin were totally greedy. That is why the price has exploded and crashed within only few weeks. Same held for altcoins at this time.
As you stated, situation is different now. Price of Bitcoin is not driven by greed but rather by economic issues like the situation in China, India, Venezuela, Brazil, Italy and some other countries. This is actually a better and more healthy development for the coin. The price increases constantly and not explodes like in late 2013.
As you stated, situation is different now. Price of Bitcoin is not driven by greed but rather by economic issues like the situation in China, India, Venezuela, Brazil, Italy and some other countries. This is actually a better and more healthy development for the coin. The price increases constantly and not explodes like in late 2013.
During the last pump of 2013 altcoins happen to rise at least as much as bitcoin.
Right now it looks totally different.
Why do altcoins look so bad nowadays?
Bitcoin is just rising 2% and Altcoins are loosing on avg. 5-10%...
Shouldn't altcoins benefit when there is more demand for Bitcoins, hence the interest in cypto is rising ?
Or is the Bitcoin upsing right now merely altcoin traders moving into bitcoin because of some chart trading stuff and therefore just a redistribution?
I really wonder why altcoins look so bad when bitcoin rises, it makes no sense to me at all.
Right now it looks totally different.
Why do altcoins look so bad nowadays?
Bitcoin is just rising 2% and Altcoins are loosing on avg. 5-10%...
Shouldn't altcoins benefit when there is more demand for Bitcoins, hence the interest in cypto is rising ?
Or is the Bitcoin upsing right now merely altcoin traders moving into bitcoin because of some chart trading stuff and therefore just a redistribution?
I really wonder why altcoins look so bad when bitcoin rises, it makes no sense to me at all.
BTC was fastly pumped in 2013, but right now is slowly pumped, if btc will be pumped hardly in next year, like 700-1500 usd in one day, other alts will be panic pump in the same time? Just my dream.
altcoin-bitcoin always corelation price
if bitcoin price incraese and up , all altcoin price can down
why because in hold altcoin selling to convert bitcoin and fiat money
if much people selling so altcoin price can down
if bitcoin price incraese and up , all altcoin price can down
why because in hold altcoin selling to convert bitcoin and fiat money
if much people selling so altcoin price can down
For that correlation to hold true we must also be able to observe sustained alt increases in value as bitcoin prices drop.
When btc plummeted from >1000 to below 500$ did the alts enjoy a correlated doubling of price across the board?
Alts are not direct conpetitors to btc... only alternatives.
This is also comes in my mind, that bitcoin altcoin correlation.
When bitcoin rises up the altcoin dumped, maybe because many
bitcoin users are in exchange to fiat just to earn money. Thus,
the bitcoin is high in demand nowadays.
When bitcoin rises up the altcoin dumped, maybe because many
bitcoin users are in exchange to fiat just to earn money. Thus,
the bitcoin is high in demand nowadays.
Bitcoin is just rising 2% and Altcoins are loosing on avg. 5-10%...
The total market cap of all cryptocurrencies is $14.3 billion right now, and $12.4 billion of that belongs to bitcoin (that's about %86 of the whole crypto world's market cap).Now, if, for any reason, BTC decides to increase %10, its marketcap goes from 12.4 billion to 13.6, and if we can assume that this $1.2 billion (or at least a part of it) is provided to the BTC market by selling alts, then the total marketcap of altcoins must decrease around %65, and so, every alt would go to sh*t to amass a total of $1.2 billion!
That's why alts get impacted by a tornado every time BTC lets out a fart!
Sure it's not as catastrophic as that, but it was an example to give you the idea why the alt price drops are so dramatic when BTC rises.
altcoin-bitcoin always corelation price
if bitcoin price incraese and up , all altcoin price can down
why because in hold altcoin selling to convert bitcoin and fiat money
if much people selling so altcoin price can down
if bitcoin price incraese and up , all altcoin price can down
why because in hold altcoin selling to convert bitcoin and fiat money
if much people selling so altcoin price can down
During the last pump of 2013 altcoins happen to rise at least as much as bitcoin.
Right now it looks totally different.
Why do altcoins look so bad nowadays?
Bitcoin is just rising 2% and Altcoins are loosing on avg. 5-10%...
Shouldn't altcoins benefit when there is more demand for Bitcoins, hence the interest in cypto is rising ?
Or is the Bitcoin upsing right now merely altcoin traders moving into bitcoin because of some chart trading stuff and therefore just a redistribution?
I really wonder why altcoins look so bad when bitcoin rises, it makes no sense to me at all.
Right now it looks totally different.
Why do altcoins look so bad nowadays?
Bitcoin is just rising 2% and Altcoins are loosing on avg. 5-10%...
Shouldn't altcoins benefit when there is more demand for Bitcoins, hence the interest in cypto is rising ?
Or is the Bitcoin upsing right now merely altcoin traders moving into bitcoin because of some chart trading stuff and therefore just a redistribution?
I really wonder why altcoins look so bad when bitcoin rises, it makes no sense to me at all.
We really cannot use the chart or the history of the price for future reference,bitcoin adoption is stable and secured while these altcoins are just being used for pumps and dumps and whenever bitcoin price increase,traders will put more confidence in bitcoin,I still don't see any bitcoin close competitor..
During the last pump of 2013 altcoins happen to rise at least as much as bitcoin.
Right now it looks totally different.
Why do altcoins look so bad nowadays?
Bitcoin is just rising 2% and Altcoins are loosing on avg. 5-10%...
Shouldn't altcoins benefit when there is more demand for Bitcoins, hence the interest in cypto is rising ?
Or is the Bitcoin upsing right now merely altcoin traders moving into bitcoin because of some chart trading stuff and therefore just a redistribution?
I really wonder why altcoins look so bad when bitcoin rises, it makes no sense to me at all.
Not 2012? My guess in that time LTC was getting released.Right now it looks totally different.
Why do altcoins look so bad nowadays?
Bitcoin is just rising 2% and Altcoins are loosing on avg. 5-10%...
Shouldn't altcoins benefit when there is more demand for Bitcoins, hence the interest in cypto is rising ?
Or is the Bitcoin upsing right now merely altcoin traders moving into bitcoin because of some chart trading stuff and therefore just a redistribution?
I really wonder why altcoins look so bad when bitcoin rises, it makes no sense to me at all.
Alt looks bad now caused by some new platform was offering to make shit tokens for free, and even the github of the coin was getting published, and everyone has a chance for making a copycat.
IMO, They(alt) can't be suitable with bitcoin. The price of bitcoin is getting an increase, and the alt will move at the right rate to get proper with bitcoin. It's meaning they need going down.
http://coinmarketcap.com/charts/
just had a look at these charts.
if you look at the surge of 2013 , the altcoins lost global martet percentage as well at the beginning up to mid november when bitcoin reached x3 = 500$ already and then they suddenly boomed.
so this time maybe in between the bubble there will be an altcoin surge as well.
but yeah history isnt a indicator for future anyway
just had a look at these charts.
if you look at the surge of 2013 , the altcoins lost global martet percentage as well at the beginning up to mid november when bitcoin reached x3 = 500$ already and then they suddenly boomed.
so this time maybe in between the bubble there will be an altcoin surge as well.
but yeah history isnt a indicator for future anyway
Bitcoin is just rising 2% and Altcoins are loosing on avg. 5-10%...
The total market cap of all cryptocurrencies is $14.3 billion right now, and $12.4 billion of that belongs to bitcoin (that's about %86 of the whole crypto world's market cap).Now, if, for any reason, BTC decides to increase %10, its marketcap goes from 12.4 billion to 13.6, and if we can assume that this $1.2 billion (or at least a part of it) is provided to the BTC market by selling alts, then the total marketcap of altcoins must decrease around %65, and so, every alt would go to sh*t to amass a total of $1.2 billion!
That's why alts get impacted by a tornado every time BTC lets out a fart!
I understand that they have to go down related to BTC, but why do they go down $ wise ?
Maybe some who are seen as a competitor to BTC, but most have different targets don't they ?
And new money will flow into the whole cryptosphere if BTC becomes more popular imo.
Bitcoin is just rising 2% and Altcoins are loosing on avg. 5-10%...
The total market cap of all cryptocurrencies is $14.3 billion right now, and $12.4 billion of that belongs to bitcoin (that's about %86 of the whole crypto world's market cap).Now, if, for any reason, BTC decides to increase %10, its marketcap goes from 12.4 billion to 13.6, and if we can assume that this $1.2 billion (or at least a part of it) is provided to the BTC market by selling alts, then the total marketcap of altcoins must decrease around %65, and so, every alt would go to sh*t to amass a total of $1.2 billion!
That's why alts get impacted by a tornado every time BTC lets out a fart!
During the last pump of 2013 altcoins happen to rise at least as much as bitcoin.
Right now it looks totally different.
Why do altcoins look so bad nowadays?
Bitcoin is just rising 2% and Altcoins are loosing on avg. 5-10%...
Shouldn't altcoins benefit when there is more demand for Bitcoins, hence the interest in cypto is rising ?
Or is the Bitcoin upsing right now merely altcoin traders moving into bitcoin because of some chart trading stuff and therefore just a redistribution?
I really wonder why altcoins look so bad when bitcoin rises, it makes no sense to me at all.
Right now it looks totally different.
Why do altcoins look so bad nowadays?
Bitcoin is just rising 2% and Altcoins are loosing on avg. 5-10%...
Shouldn't altcoins benefit when there is more demand for Bitcoins, hence the interest in cypto is rising ?
Or is the Bitcoin upsing right now merely altcoin traders moving into bitcoin because of some chart trading stuff and therefore just a redistribution?
I really wonder why altcoins look so bad when bitcoin rises, it makes no sense to me at all.
I think it is because we Always compare the price of an altcoin with bitcoin. When bitcoin becomes more in value, it is normal that you get less for an altcoin. If it the altcoin should become also more expensive, you should need more dollars to buy any coin. I think you have to compare it with the price between dollar and euro or dollar and yen. When the price of the dollar goes up, that means that you get less euro. I think it is a bit the same between the price of bitcoin and altcoins. That's what i think.
You can't never know what the market is cooking. I think alts will raise soon, but not most of them.
During the last pump of 2013 altcoins happen to rise at least as much as bitcoin.
Right now it looks totally different.
Why do altcoins look so bad nowadays?
Bitcoin is just rising 2% and Altcoins are loosing on avg. 5-10%...
Shouldn't altcoins benefit when there is more demand for Bitcoins, hence the interest in cypto is rising ?
Or is the Bitcoin upsing right now merely altcoin traders moving into bitcoin because of some chart trading stuff and therefore just a redistribution?
I really wonder why altcoins look so bad when bitcoin rises, it makes no sense to me at all.
Right now it looks totally different.
Why do altcoins look so bad nowadays?
Bitcoin is just rising 2% and Altcoins are loosing on avg. 5-10%...
Shouldn't altcoins benefit when there is more demand for Bitcoins, hence the interest in cypto is rising ?
Or is the Bitcoin upsing right now merely altcoin traders moving into bitcoin because of some chart trading stuff and therefore just a redistribution?
I really wonder why altcoins look so bad when bitcoin rises, it makes no sense to me at all.
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