Topic: Altcoins are down when BTC up, altcoins again down Even if BTC down. Why? - page 3. (Read 624 times)
June 15, 2019, 04:09:50 PM
Well it's simply because bitcoin is the king of cryptocurrencies. No one wants to miss the moving train, you either catch it or be left behind and regret your action. Bitcoin determines the direction of market and will do so continually.
June 15, 2019, 02:30:05 PM
Often this trend occur due to the fact that bitcoin is seen as a major base currency against which every other coin are traded. Another reason for this trend is the wide acceptance of Btc over time, as soon as there is a little uptrend in Btc you see everyone wanting to join the train there by dumping their Alts for Btc.
June 15, 2019, 01:43:08 PM
Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?
It happens like that sometimes but not all the time buddy. Some time, if there are new investors bringing in their Fiat currency into Bitcoin the increase in Bitcoin Market value will affect all other altcoins positively but if the investors are the one withing and they decided to move their altcoins to Bitcoin then only Bitcoin will be increasing in value while altcoins will either remain stagnant or move in opposite direction.
June 15, 2019, 12:57:54 PM
Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?
It depends on where people put their money, when there is big demand on bitcoin people are dumping their altcoin to earn bitcoin. Sometimes also, they dump both BTC and Altcoins to take USD, there are also times when BTC and Altcoins are in demands and the market is green. 
June 15, 2019, 11:42:17 AM
because everyone who is in this market is in it because of bitcoin. 99.999% of them entered this whole thing because they heard about bitcoin and they all have faith in bitcoin's future. simply because it is the only solid project out there that is not created to make the creator rich, it had no premines, not fund raising with different weird abbreviations,...
so whenever they go to altcoin market to make temporary profit, they come back to bitcoin as soon as they see the price changing because they want to be a part of that change and benefit from it by increasing their bitcoin wealth.
so whenever they go to altcoin market to make temporary profit, they come back to bitcoin as soon as they see the price changing because they want to be a part of that change and benefit from it by increasing their bitcoin wealth.
June 15, 2019, 10:46:05 AM
Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?
I think the latest changes from the BTC value today came from the community's optimism for the G20 summit that took place at the end of June. We all know the final decisions are derived from bitcoin. It seems that the show at the G20 will create a new milestone for the next boom of the market. bitcoin will be a pioneer in this preparation. So, Wait for effects from altcoin later.
June 15, 2019, 09:09:45 AM
Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?
This depends on the situation. What you describe can be explained in the following way: people are doubtful about the crypto market in general but trust Bitcoin more than any other currency. So when they see Bitcoin starting to do up a bit, they invest even more in it because of the FOMO. But when something happens and people start selling, others also continue the trend, exchanging Bitcoin for fiat rather than altcoins. This is normal after all that time of the bearish trend. The trust is gained slowly, and the king gains the trust of investors faster than the peasants, so to speak. If Bitcoin grows stably, people will probably get interested in diversifying the investments again. 
June 15, 2019, 08:57:00 AM
It's not always like this, right now for example, almost all market are in green
When people put money on market, you will see almost all coins in green, just sometimes people sell alts to buy BTC, it depends on news, trends etc
When people put money on market, you will see almost all coins in green, just sometimes people sell alts to buy BTC, it depends on news, trends etc
June 15, 2019, 08:45:05 AM
Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?
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