Topic: Altcoins - Exceptions of following Bitcoin (Read 245 times)
I agree user named red apple. Everything exceot stable bitcoin price drives altcoins crazy, they keep dumping alts everytime. So there are really rare cases. Factom isn't affected by bitcoin price that much as well.
I don't know any coins that have exactly opposite to bitcoin trend. Most of coins are down in bitcoin value when BTC is rising and down in $ value when BTC is dropping.
Opposite trend might be connected with some good news with such coin and it went green when BTC and all alts have been red
Opposite trend might be connected with some good news with such coin and it went green when BTC and all alts have been red
I am watching altcoin prices in relation to Bitcoin Curve. Mostly they follow Bitcoins up/downtrend.
But there are some, which differ distinctly from other altcoins and have opposite trend to Bitcoin like for example NAV, NXC and STRAT. Would be interesting to find out those, which regularly move against Bitcoin trend .
But there are some, which differ distinctly from other altcoins and have opposite trend to Bitcoin like for example NAV, NXC and STRAT. Would be interesting to find out those, which regularly move against Bitcoin trend .
Here is a super useful tool for coin correlation trends. I am not aware of any coins that have a strong opposite trend to bitcoin. At one time, ETH had a strong opposite trend to bitcoin but recently that has not been the case. Especially in an irrational market like this, correlations could switch at any time. People say the mantra bitcoin down, altcoins down. Bitcoin up, altcoins down but that has not always been the case nor will it be guaranteed in the future.
the trend is like this:
bitcoin up: altcoins down
bitcoin down: altcoins down.
and this is mostly true for most of the altcoins. and specific to the top altcoins with bigger market caps.
you will always find exceptions. it will be most common in small coins. when they have a pump coming for them for example. but you can not make a rule out of it. one rally they may rise with bitcoin the next they may get dumped even harder than the rest.
the rule that i have found to be working best is to be extra careful with ALL the altcoins when bitcoin is on the move big time. this means watching for the signs of a dump like walls disappearing, a big sell being initiated,...
Was for months on poloniex trading (exchange) from february to july every day. They show all cryptos on one site. So I saw, as Bitcoin went down, most of cryptos also did (was good visible because they went from green to red). Of course there where exceptions, but the majority followed the bitcoin trend. Best example is ETH. As Bitcoin went up from 2900$ to almost 5000$ ETH went from 50$ to over 300$. bitcoin up: altcoins down
bitcoin down: altcoins down.
and this is mostly true for most of the altcoins. and specific to the top altcoins with bigger market caps.
you will always find exceptions. it will be most common in small coins. when they have a pump coming for them for example. but you can not make a rule out of it. one rally they may rise with bitcoin the next they may get dumped even harder than the rest.
the rule that i have found to be working best is to be extra careful with ALL the altcoins when bitcoin is on the move big time. this means watching for the signs of a dump like walls disappearing, a big sell being initiated,...
Ok, at the moment alts could br down because we have a special situation right now with Bitcoin, so people are buying it because of hardfork.
the trend is like this:
bitcoin up: altcoins down
bitcoin down: altcoins down.
and this is mostly true for most of the altcoins. and specific to the top altcoins with bigger market caps.
you will always find exceptions. it will be most common in small coins. when they have a pump coming for them for example. but you can not make a rule out of it. one rally they may rise with bitcoin the next they may get dumped even harder than the rest.
the rule that i have found to be working best is to be extra careful with ALL the altcoins when bitcoin is on the move big time. this means watching for the signs of a dump like walls disappearing, a big sell being initiated,...
bitcoin up: altcoins down
bitcoin down: altcoins down.
and this is mostly true for most of the altcoins. and specific to the top altcoins with bigger market caps.
you will always find exceptions. it will be most common in small coins. when they have a pump coming for them for example. but you can not make a rule out of it. one rally they may rise with bitcoin the next they may get dumped even harder than the rest.
the rule that i have found to be working best is to be extra careful with ALL the altcoins when bitcoin is on the move big time. this means watching for the signs of a dump like walls disappearing, a big sell being initiated,...
Yeah I'm trying to find some of does exceptions my self but it's hard tho.... Thanks for headup on does coins I will add them to my "follow porftolio" and compare notes 
I am watching altcoin prices in relation to Bitcoin Curve. Mostly they follow Bitcoins up/downtrend.
But there are some, which differ distinctly from other altcoins and have opposite trend to Bitcoin like for example NAV, NXC and STRAT. Would be interesting to find out those, which regularly move against Bitcoin trend .
But there are some, which differ distinctly from other altcoins and have opposite trend to Bitcoin like for example NAV, NXC and STRAT. Would be interesting to find out those, which regularly move against Bitcoin trend .
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