Altcoins price pump influence bitcoin price Negatively ? - page 3.

ardentvolcanoes

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Quote from: yhiaali3 on December 01, 2020, 12:08:56 PM

Quote from: AbbyS on December 01, 2020, 08:17:16 AM

the point is the trust in the market, when investors see that in 48h a major coin went up 100% for really no apparent reason, then the trust is shaken in the entire market, that's my honest opinion

The point you pointed to is that a 100% rise in a coin will lose confidence in the entire market is correct, but we can look at that from another point of view as a 100% rise in a coin within days will attract more enterprising investors who like to see their money multiply within two days. This is also a possibility and it could have a positive effect on increasing liquidity in the market.

You are right, with pumped happened even without any reason investors eyes will be interested, looking for opportunities they'll start bringing

money inside and take their chances, it will bring more hypes and more movements upwards. It's really a game of chances, people still using

their emotions just to grab opportunities to multiply their money.

yhiaali3

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Quote from: AbbyS on December 01, 2020, 08:17:16 AM

the point is the trust in the market, when investors see that in 48h a major coin went up 100% for really no apparent reason, then the trust is shaken in the entire market, that's my honest opinion

The point you pointed to is that a 100% rise in a coin will lose confidence in the entire market is correct, but we can look at that from another point of view as a 100% rise in a coin within days will attract more enterprising investors who like to see their money multiply within two days. This is also a possibility and it could have a positive effect on increasing liquidity in the market.

ethereumhunter

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Quote from: AbbyS on December 01, 2020, 08:17:16 AM

Quote from: yhiaali3 on November 29, 2020, 03:12:26 PM

I do not think that pumping into altcoins markets such as XRP, stellar will affect the price of Bitcoin in any way, it is true that we saw how XRP was pumped more than 100%, but there was no change in the price of Bitcoin, what happened after that of a decrease in the price of Bitcoin was the result of other factors Not because of that, it can be said that altcoin rates are affected by every pump or dump on the bitcoin market, but the opposite is not true.

the point is the trust in the market, when investors see that in 48h a major coin went up 100% for really no apparent reason, then the trust is shaken in the entire market, that's my honest opinion

The trust in the market will be different from each investor because they have their own reason for investing in crypto, whether bitcoin or altcoin. Maybe that can shake the investor's heart when they see the market go up or down, but for the other investor, they can still calm down and not get the effect for that. But if the altcoin is getting a pump, that will not give bitcoin a negative effect because, in the long term, bitcoin price will still increase.

lifeforcepools

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I doubt that altcoins can actually significantly affect the price of bitcoin.

CODE200

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Quote from: AbbyS on December 01, 2020, 08:17:16 AM

Quote from: yhiaali3 on November 29, 2020, 03:12:26 PM

I do not think that pumping into altcoins markets such as XRP, stellar will affect the price of Bitcoin in any way, it is true that we saw how XRP was pumped more than 100%, but there was no change in the price of Bitcoin, what happened after that of a decrease in the price of Bitcoin was the result of other factors Not because of that, it can be said that altcoin rates are affected by every pump or dump on the bitcoin market, but the opposite is not true.

the point is the trust in the market, when investors see that in 48h a major coin went up 100% for really no apparent reason, then the trust is shaken in the entire market, that's my honest opinion

still sketchy.
What trust? how do we measure or observe trust in this market?
If a *major" coin or coins perhaps will have a 100% price increase it will just catch their attention to invest into it but not leading to having negative effects towards the "minor" coins in this market especially regarding their market prices. Investors would tend to more engage into those which are having price increase but will not really sell their other tokens out due to sudden changes in their decision, I guess.

AbbyS

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Quote from: yhiaali3 on November 29, 2020, 03:12:26 PM

I do not think that pumping into altcoins markets such as XRP, stellar will affect the price of Bitcoin in any way, it is true that we saw how XRP was pumped more than 100%, but there was no change in the price of Bitcoin, what happened after that of a decrease in the price of Bitcoin was the result of other factors Not because of that, it can be said that altcoin rates are affected by every pump or dump on the bitcoin market, but the opposite is not true.

the point is the trust in the market, when investors see that in 48h a major coin went up 100% for really no apparent reason, then the trust is shaken in the entire market, that's my honest opinion

yhiaali3

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I do not think that pumping into altcoins markets such as XRP, stellar will affect the price of Bitcoin in any way, it is true that we saw how XRP was pumped more than 100%, but there was no change in the price of Bitcoin, what happened after that of a decrease in the price of Bitcoin was the result of other factors Not because of that, it can be said that altcoin rates are affected by every pump or dump on the bitcoin market, but the opposite is not true.

Wysi

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No, there is no correlation or any valid logic behind the it's the other way around as XRP and XLM gets benefitted by Bitcoin pump and XRP, XLM or any other altcoin's price have zero effect on Bitcoin as Bitcoin has been their before existence of these altcoins. It's rather users who bound to shift their funds to lower value altcoins assuming they can earn more profits during price pump if they have more quantity without understanding that it depends on on the percentage of pump rather than quantity which they hold.

Smartprofit

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Quote from: AbbyS on November 28, 2020, 05:54:36 PM

Quote from: Smartprofit on November 28, 2020, 03:24:37 PM

The capitalization of Ripple (XRP) is much less than the capitalization of Bitcoin (BTC).

The rise in price of altcoins cannot significantly affect the price of bitcoins. Only Ethereum (ETH) can have such an impact. Ethereum is the second most important coin in the crypto industry. There is a lot of news related to Ethereum - DeFi ecosystem, ETH 2.0, etc. This news can both positively and negatively affect the price of Ethereum. However, the rise in the price of Ethereum does not harm the price of Bitcoin, but rather contributes to its rise.

XRP's rise is an attempt to drive up its price in the Bitcoin bull market.

not such a big difference between ethereum and xrp, ETH is x2 that's all

Yes, I agree with you.

Ethereum's capitalization is currently not much higher than Ripple's. However, Ethereum cryptocurrency is very important to the crypto industry. Ethereum has more developers than Bitcoin developers. DApps, DAO, ICO, DeFi are very important experiments in finance. The success of these projects led to an increase in not only the price of Ethereum, but also the price of Bitcoin.

Now Vitalik Buterin is launching the Ethereum 2.0 project. This may be a coincidence, but the price of bitcoin is currently on the rise.

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Quote from: BrownSuS on November 28, 2020, 03:33:04 PM

Quote from: AbbyS on November 27, 2020, 08:47:21 PM

Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

There is no such relation between XRP and Bitcoin price as xrp is more overly have centralised control with unlimited supply of token which make it more likely to be a shitcoin. Every days it goes 10-15% long short which defines its unstableness in crypto market. Bitcoin in grandfather as compare to xrp in all senses

And that stops there, XRP won't go farther beyond what Bitcoin can do or even for Ethereum.

What I see is just a hyping control of the owner. It was a big surprise that XRP rally such a percentage, no one is expecting that stance for this season because it was not a normal scenario for XRP. And agree that it won't make Bitcoin to dump as it was not attached to it.

Do they have a different platform, decentralized, and centralized market? And no way to think that it affects both of them, what we saw was just a coincidence, no string attach.

AbbyS

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Quote from: Smartprofit on November 28, 2020, 03:24:37 PM

The capitalization of Ripple (XRP) is much less than the capitalization of Bitcoin (BTC).

The rise in price of altcoins cannot significantly affect the price of bitcoins. Only Ethereum (ETH) can have such an impact. Ethereum is the second most important coin in the crypto industry. There is a lot of news related to Ethereum - DeFi ecosystem, ETH 2.0, etc. This news can both positively and negatively affect the price of Ethereum. However, the rise in the price of Ethereum does not harm the price of Bitcoin, but rather contributes to its rise.

XRP's rise is an attempt to drive up its price in the Bitcoin bull market.

not such a big difference between ethereum and xrp, ETH is x2 that's all

BrownSuS

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Quote from: AbbyS on November 27, 2020, 08:47:21 PM

Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

There is no such relation between XRP and Bitcoin price as xrp is more overly have centralised control with unlimited supply of token which make it more likely to be a shitcoin. Every days it goes 10-15% long short which defines its unstableness in crypto market. Bitcoin in grandfather as compare to xrp in all senses

Smartprofit

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The capitalization of Ripple (XRP) is much less than the capitalization of Bitcoin (BTC).

The rise in price of altcoins cannot significantly affect the price of bitcoins. Only Ethereum (ETH) can have such an impact. Ethereum is the second most important coin in the crypto industry. There is a lot of news related to Ethereum - DeFi ecosystem, ETH 2.0, etc. This news can both positively and negatively affect the price of Ethereum. However, the rise in the price of Ethereum does not harm the price of Bitcoin, but rather contributes to its rise.

XRP's rise is an attempt to drive up its price in the Bitcoin bull market.

ChrisPop

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Quote from: coolcoinz on November 28, 2020, 02:15:34 PM

XRP threatening Bitcoin? It's one of the strangest things I've seen today. Who is even buying XRP over Bitcoin these days? Probably people who think that if they can't afford 1, there's no reason to buy any, but hey, they can afford more than 1 XRP... I doubt that Bitcoin and XRP even have the same people buying and holding.

Totally agree, man. And it is not just XRP, but all the other altcoins as well. I mean I don't think a smart, educated investor would place a significant % of his net worth in any altcoin whatsoever. Bitcoin on the other side is getting a lot of attention from institutions nowadays which IMO gives more confidence to retail investors.

coolcoinz

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XRP threatening Bitcoin? It's one of the strangest things I've seen today. Who is even buying XRP over Bitcoin these days? Probably people who think that if they can't afford 1, there's no reason to buy any, but hey, they can afford more than 1 XRP... I doubt that Bitcoin and XRP even have the same people buying and holding.

Sheni020

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Day by day increasing price up never involved any third person because its ecosystemly growth price. Bitcoin is one of the most mother's currency because all altcoin depending price up-down. So,you can professionally own recherch coinmartketcap then decision right to time way.

bekti3

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hello im oesroek from indonesia, nice to meet you... im newbie at bitcoin talk, maybe can you helpme for mining ,farming and anymore? just share hehehehe

what do you think bro? maybe you need to make a thread here about mining https://bitcointalk.org/index.php?board=14.0
and if you want to mine, are you ready and aware of all mining procedures? if you are not ready you better trade, by starting the capital you have.

You need to find many sources and in this forum there are many choices, please use them according to your portion and needs.

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Quote from: AbbyS on November 27, 2020, 08:47:21 PM

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

No, they are not harming Bitcoin price. XRP and Stellar have a different market, and possibly have different community. XRP whales possibly wanted to ride the hype of BTC market and started pumping XRP to maximize the effect of the bullish Bitcoin. So I think the surge in price of XRP is planned and Bitcoin has nothing to do about it and vice-versa.

As of the Bitcoin price crash, people wanted to make a profit so it normal to see people sell their holdings when a reasonable profit is seen. Aside from that, it is not the XRP people who made Bitcoin market crash but rather some huge group of leverage traders that liquidated their derivative holdings resulting in a huge price crash of BTC this past days.

CryptopreneurBrainboss

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Quote from: AbbyS on November 27, 2020, 08:47:21 PM

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

Re-examine the market and you'll observe it's the other way round. I'm a big fan of bitcoin but sometimes its price manipulation affect other crypto currency more than it does to its market. You can see how the sudden correction that happened few days back affected mostly the altcoin market dumping them to lows that'll required twice the effort they used for previous climbing. Bitcoin dominance is dictating what happens in the market.

There are doubt in the coins pumping but it has nothing to do with bitcoin, irrespective of what's happening in the altcoin industry, it has zero effect on bitcoin instead bitcoin profit from them. A perfect example is when alts dump and bitcoin pumps meaning funds are moving from alrs to Bitcoin.

doomistake

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They have their own season. When Altcoins pumps, bitcoin will wait until its time for Bitcoin to pump as well, that's what I noticed since I started exploring the world of cryptocurrency. The price fluctuations of both Altcoins and Bitcoins depends also whether there was a huge dump that happened that's always done by whales. Overall, altcoin pumping will never be the reason why Bitcoin is dumping since they use different number of codes.

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