Topic: Altcoins are down when BTC up, altcoins again down Even if BTC down. Why? (Read 624 times)
June 19, 2019, 01:42:09 PM
The only shitcoin that outperform bitcoin is Binance coin. And most of the other altcoins are still having -99% from its ATH, despite bitcoin has recovered 50% loss from ATH. It tell you a lesson, they’re shitcoin because they simply never perform better than BTC. And not even the top 100 coins could stand out to beat BTC.
June 19, 2019, 10:39:39 AM
Really different situation according to past years in my opinion
June 19, 2019, 12:57:13 AM
Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?
well not all altcoin will go up when the bitcoin price risethe price of altcoin also depend on the development of the project
June 19, 2019, 12:21:21 AM
May I ask what coins are you holding? Some top 10 altcoins are following bitcoin's price like eth, bch and bnb if you are aware of it and if you are looking for their updates. Maybe, the coins you are holding are not that potential and maybe they are not focusing on those altcoins and were left behind that is why it is hard for them to increased it's price.
Sometime, it is really hard to predict which altcoins are going to bull run if even btc is goin' up. The focus of most of the investors and traders are in the top altcoins only.
Sometime, it is really hard to predict which altcoins are going to bull run if even btc is goin' up. The focus of most of the investors and traders are in the top altcoins only.
June 17, 2019, 03:03:01 PM
Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?
well not all altcoin will go up when the bitcoin price risethe price of altcoin also depend on the development of the project
June 17, 2019, 02:26:11 PM
Yes, that's true and indeed that's what often happens now that altcoin prices always have difficulty increasing prices even when bitcoin prices rise or fall. To be honest, I don't understand the cause of the hardship for the altcoin, but even so I'm still trying to survive and wait for the increase for the altcoin.
June 17, 2019, 01:48:56 PM
After witnessing the crazy bull run of 2017, the laggardness of the altcoins doesn't surprise me now. Most of the crypto-users have realized that the vast majority of the altcoins are good for nothing. In the near future, the Bitcoin dominance (which currently stands at 57.2%) will continue to increase and apart from a few good altcoins such as ETH and XLM, most of the others will become obsolete.
June 17, 2019, 01:10:45 PM
It seems to me that the cryptocurrency market always inadequately responds to the manipulations of the speculator and the big whales. But if the cryptocurrency market develops in a healthy direction, then it can be safely assumed that after Bitcoin and the ethereum reach certain prices, prices for other cryptocurrencies will also go up. I can explain this by saying that users of cryptocurrencies will only then with a great desire to invest Bitcoin and ethereum in other cryptocurrencies.
June 16, 2019, 03:12:06 PM
There is no fixed correlation in between bitcoin and the rest of the altcoins. There were times that when bitcoin is up many alts followed the same patterns and there were also times when they don't. The influence of bitcoin with the rest of the cryptocurrency market is quite obvious and proven but it does not mean that the same pattern can be seen at all times. This is making this whole market very exciting, unpredictable and hopefully for someone who is good on trading also very profitable.
Although, still, altcoins (most always) follow Bitcoin. I am talking about the top-20 tokens. Shitcoins have their own life, and some of them (although, finally these coins will die) can bring fast unexpected profit to their investors.
June 16, 2019, 02:09:24 PM
I don't know the exact reasons why this is happened repeatable but for me personally it's simple because people will always be following market trend and such as today when bitcoin market were pumped then people automatically will trade for bitcoin so altcoins would be lack of movement even so if bitcoin price dropped then people usually attempts to seeking altcoins which is very potential to grow because profit are people main reasons including me
Profitable position as always, traders loves to work with volatility so when market for bitcoin start to show green more traders will place their money insidemost of them will trade alts to hold more bitcoin then wait for the right timing to buy back and continue the cycle of trading, good traders will always look
for a good time to take position for better growth of their assets.
June 16, 2019, 02:07:23 PM
Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?
Which altcoins are you talking about care to name them, as popular altcoins prices are always rising upwards whenever bitcoin prices starts to rise. Altcoins prices often crashes whenever bitcoin prices are crashing and that’s normal, because the crypto market follows bitcoin prices lead. I feel you have brought scam ICOs which are not rising at all, if it’s yet possible dump them and invest your money in bitcoins.
June 16, 2019, 01:56:51 PM
I still think bitcoin is not falling. it's just down for few times during this year. we can see that it did not fail to fulfill everyone's expectation. people made profits again with btc. and as far as altcoins can go they are always volatile but as we can see some altcoins are making very good progress this year. as LTC has grown to 300% and Elon Musk has become the CEO of dogecoin that opened a lot of possibilities for both of these coins.
June 16, 2019, 01:19:25 PM
The only reason we have trading pairs is because this way we could actually trade without any middle man , if we doubt the recent one we are holding we could change in an instant.
Whenever btc goes down , people make bets the change for the currencies thus actually they might get benefits from it.
Thus the change in price.
Its is like placing bets.
Whenever btc goes down , people make bets the change for the currencies thus actually they might get benefits from it.
Thus the change in price.
Its is like placing bets.
June 16, 2019, 10:54:48 AM
because everyone just thinks about profit. no one wants to buy when the price has dropped or it has been predicted to go down. they will only buy when prices rise. this is a bad cycle, but we must admit this is the way to survive and get profit here.
now I want to ask you, are you going to buy a coin that you know will come down?
the answer is definitely not. that's the reason for your question.
Also, the same people who invests in Bitcoin has a different mindset than those who invest in altcoins. So their strategies to make profit tend to be really different.
That could be one of the aspects that explains which it seems to not make sense but it's just hidden patterns.
June 16, 2019, 10:41:50 AM
It is not really like that always. If you look at the graph of both variables, the trends change over time and no one can really say what is the exact reasoning behind all of these. Because, most of these are just speculations. However, there is always an advantage and disadvantage with these situations.
June 16, 2019, 10:23:42 AM
Most altcoin are adjusting based on crypto value.
As we know, it's market based on supply and demand in complex trading situation in order to achieve profit.
Some altcoin will uptrend if the demand really great, that's it and nothing strange at all
As we know, it's market based on supply and demand in complex trading situation in order to achieve profit.
Some altcoin will uptrend if the demand really great, that's it and nothing strange at all
June 16, 2019, 10:17:23 AM
How many hours or days did you see the price movement of bitcoin and altcoins? Because your statement not entirely like that, maybe it's just a coincidence. Even I just think what everyone was said that the market of altcoin is depend on bitcoin price movement is wrong. Each altcoins has the own moving price because they have a developer who will try to update their coin system get better. They will find another gap for their coin can be accepted by some companies to be use as payment system or to be use as send money tool. You will know how the different it is if you often to se the movement price, I see your account still newbie and I have a conclusion that you don't see the price movement for at least one weeks or more than that.
June 16, 2019, 09:54:54 AM
I don't know the exact reasons why this is happened repeatable but for me personally it's simple because people will always be following market trend and such as today when bitcoin market were pumped then people automatically will trade for bitcoin so altcoins would be lack of movement even so if bitcoin price dropped then people usually attempts to seeking altcoins which is very potential to grow because profit are people main reasons including me
June 16, 2019, 07:01:20 AM
this process no one can predict, although it has always been so when bitcoin is up, followed by altcoins, now most likely the market has changed, many investors are not willing to invest in altcoins when bitcoin is growing.
June 16, 2019, 06:43:10 AM
why ? simply because there is no demand for them . people these days usually invest for bitcoin because they see that bitcoin shows a sign of an incoming bull run and their decision was actually right because bitcoin did actually pumped up and its still expected to pump more . if you can earn easy and quick profits on bitcoin then why not invest all of your capital on it ? its a wise decision than spreading your capital on other coins and waiting for the unknown .
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