Altcoins price pump influence bitcoin price Negatively ?

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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 ?

XRP rose recently because of the Spark airdrop.
But the general pattern is I believe related to market confidence. Once some positive confidence is established, then BTC starts to rise. If the confidence then gets even higher, people drop out of BTC and start buying alts. You will often see that an alt boom follows shortly after a BTC boom.

bryant.coleman

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Even now, there are a certain section of the investors who believe that 2017 would repeat (when altcoins went up much more than Bitcoin). But they are ignoring the most important fact this time. The current rally has nothing to do with altcoins. The spike has occurred solely due to the mainstream adoption of Bitcoin, and altcoins are not in the picture here. I would even predict that the Bitcoin dominance will increase from the current level of 65% to somewhere around 75%-80%.

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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 ?

It doesn't seem like it's affected anything for bitcoin, because the truth is bitcoin affects altcoins. look when bitcoin has increased, altcoins also experience although not all altcoins have experienced a significant increase, but it will happen. Currently, for xrp and stellar, they cannot fully influence the bitcoin market

AbbyS

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My issue is specifically with XRP, is it possible that XRP is used to limit the btc bull?

AbbyS

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xrp dumped and then btc went up, coincidence ?

ichi

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Bitcoin's value activity impacts altcoin value activity. That is it, there are no certain or negative criticism circles here. Altcoin volumes are too little to even consider evening hypothetically influence Bitcoin. What's more, Bitcoin speculators never thought about what's going on with altcoins. In any event, when alts were encountering tremendous development, and Ethereum was near overwhelming Bitcoin's spot as the biggest marketcap coin, Bitcoin merchants actually couldn't have cared less about Ethereum and different alts, as there was 0 relationship between's their occasions and Bitcoin's cost.

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There is no doubt that the increasing market cap of altcoins will have a negative impact on the exchange rates. There is a lot of overlap between the userbase of Bitcoin, and that for altcoins. So if the altcoin market cap is increasing, that means that at least some of the Bitcoin holders are selling their coins and moving to altcoins for better profits. I just hope that they will not end up like what happened in 2018, when most of the alts went down by 95% to 99%.

MCobian

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Of course the increase in the price of the altcoins does not affect the price of Bitcoin, which is that the price of Bitcoin may affect
the price of the altcoins. So the XRP price increase does not have a negative effect on the Bitcoin price, if the Bitcoin price goes
down while the XRP price goes up it might just be a coincidence.

XRP increases the possibility of price manipulation from whales, we definitely know that XRP is supported by many big banks, so
the possibility of an increase in the XRP price is indeed a manipulation by banks. And there is no need to worry about the decline
in the price of Bitcoin, because Bitcoin is only experiencing price corrections.

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Quote from: kayvie on December 09, 2020, 04:38:37 PM

I don't think that is the reason for the pump in altcoins. Especially in xrp, there is this even in xrp which is the spark token airdrop. We can see this as a reason for the increase in the price of xrp, it does not harm the price of bitcoin or even manipulated by the pumps of it.

I see whales are the main reason to play along with this coin. It could also be the owner of the coin in which he could pump up or pump down the coins due to his huge holdings. It might be not good if you as a trader will not be able to get along with during the pump and dump. However, if you know and smart enough with the situation of some altcoins like XRP then you can earn in it even greater than investing in bitcoin. Just always remember the best time when to invest your money in these altcoins.

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Quote from: kayvie on December 09, 2020, 04:38:37 PM

I don't think that is the reason for the pump in altcoins. Especially in xrp, there is this even in xrp which is the spark token airdrop. We can see this as a reason for the increase in the price of xrp, it does not harm the price of bitcoin or even manipulated by the pumps of it.

People always come to conclusion, if there is growth with altcoins then it'll affect the growth of bitcoin. I don't find this to be true, because everytime the growth of altcoins takes place following the bitcoin price pumping. Maybe few top listed altcoins grow high even when there is decline in the market of bitcoin. This is based on the market of that particular altcoin. For this we can't correlate bitcoin market getting influenced by the altcoins price pumping.

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I don't think that is the reason for the pump in altcoins. Especially in xrp, there is this even in xrp which is the spark token airdrop. We can see this as a reason for the increase in the price of xrp, it does not harm the price of bitcoin or even manipulated by the pumps of it.

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Quote from: oktana on December 04, 2020, 04:52:11 PM

Absolutely different coins affecting each other? I doubt! I don't see How the pump of stellar will affect Bitcoin's price. The only case where this may be true is when the hodlers of stellar are mostly holders of bitcoin too.

won't the new investors in crypto see that something must be wrong when you have a 100% gains overnight ?

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Absolutely different coins affecting each other? I doubt! I don't see How the pump of stellar will affect Bitcoin's price. The only case where this may be true is when the hodlers of stellar are mostly holders of bitcoin too.

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Altcoins doesn't have anything to with the market of bitcoin. Altcoins most of the time follow the growth pattern of bitcoin. We can't say every altcoin is an independent asset, with bitcoin it is true. Experts and large volume holders have started to give importance to bitcoin holding understanding its potential.

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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 ?

Do you have any actual data to support your claim? Is this like a mere opinion without any factual basis?

Again, the prices of altcoins against bitcoin are independent of each other. Though there may be cases where both increase/decrease at the same time, one cannot fully justify that the reason for the change on their price is due to the other.
In order to understand the market of bitcoin, check the latest news on cryptocurrencies. There are lots of factors that need to be considered on their price increases/decreases.

Mike Mayor

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It depends on which currency is being sold to buy those XRP. Are people using fiat to buy bitcoin and then XRP? In which case the price of both goes up. Are people using their saved bitcoin? In which case the bitcoin price goes down? Or are they using other alt currencies to sell to buy XRP? It is most likely a mix of all 3. Those are the three possibilities. You would have to seriously analyze each major currency from a few months ago till now to check on the market capitals.

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To observe this in action
You can statistically analyse the price of btc after some altcoins pump 80-100%+

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Quote from: acdc on December 03, 2020, 05:10:40 AM

Quote from: idrisalomagold on November 27, 2020, 10:29:17 PM

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 ?

I didn't see significant correlation between bitcoin and other alts especially XRP in events of recent price increased.

There is still little correlation between the altcoins going up and the price of bitcoin but that's not much.
It is clear that if investors perceive that altcoins will do well, they will reduce investments from bitcoin and increase investment in other altcoins.

the point of view you are looking at is investors, i am looking at the general public's

acdc

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Quote from: idrisalomagold on November 27, 2020, 10:29:17 PM

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 ?

I didn't see significant correlation between bitcoin and other alts especially XRP in events of recent price increased.

There is still little correlation between the altcoins going up and the price of bitcoin but that's not much.
It is clear that if investors perceive that altcoins will do well, they will reduce investments from bitcoin and increase investment in other altcoins.

xZork

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I thought that if investors poured money into other altcoins then bitcoin's price would drop slightly, but the altcoin season is underway so that won't have much effect on the price of bitcoin.
Even if other altcoins have grown, bitcoin is still the king of the crypto market and no single coin can stop bitcoin.

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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 ?

What do you mean causing Doubt in the entire market?and in only few occasion that Altcoin like Ripple Pumps while Bitcoin is climbing.
Mostly it is Bitcoin will Go first before altcoins like ethereum and ripple will follow.
and also How can you expect a 100% growth in bitcoin while comparing to Ripple the value is peanut.
But about XRP being manipulated?
well that has been a issue for long time now,That ripple is manipulated and there is no Legit Pump that happens.
Though Even how great altcoin move,still Bitcoin will close the market each bull.

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Quote from: shoreno on December 02, 2020, 04:53:00 AM

only one coin pumps 100 percent and all industry will be a scam ? haha . i will believe if he says that all coins pump 100 percent because thats more questionable but one coin that pumps a hundred percent shouldnt be easily judge as a scam but take a look if what coin was that and take a research about that coin if you see a positive news behind it then that was a legit pump .

p.s : if btc pump 1000 percent will you guys say that it was a scam ? fck it , scam or not ill still be happy because i can be finally rich if that happen

Hahaha, you're right. I think he gets a scam from one project, so he says that all are scams. I don't think they will say that bitcoin is a scam if the price pumps 1k% and they make a huge profit from that. But for people who buy bitcoin at the highest price and not having a chance to sell it again to another high price and just hold it will say that the bitcoin is a scam. That is because they are getting trap at the highest price, and it is hard to manage their losses.

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Quote from: Luzin on December 02, 2020, 05:27:53 AM

Quote from: Altcoinsintel on December 02, 2020, 04:35:18 AM

I also think this is possible. We witnessed Bitcoin stalling and not testing 20k and altcoins like XRP and Stellar suddenly making 100% in two days.

From the past, XRP has been widely adopted by banking companies. If I'm not mistaken they already have 300 financial institutions on their global payment network , otherwise known as RippleNet. FINMA or the Swiss Financial Market Supervisory Authority also uses XRP for credit requests. If recently XRP is high, I think this is reasonable besides that if you hear that there will be a SPARK airdrop from the Flare Network with a ratio of XRP: SPARK = 1: n, this also causes some traders to choose to hold and buy until the snapshoot period ends.

Sure bro, whatever. I just don't care about XRP and whatever you say you don't have to promote or shill your bags to me. Do that on twitter you guys are more convincing when you talk to the clueless.

Vishnu.Reang

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Most of the altcoin trade volumes comes from trading between altcoin-bitcoin pair. Only a minority comes from trading with fiat currencies. Under such circumstances, it is natural that an increasing market share of altcoins may negatively impact the Bitcoin market cap. However, during the current rally, Bitcoin has remained strong, with more than 62% market share (back in 2017, during the rally it was less than 40%).

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Quote from: Altcoinsintel on December 02, 2020, 04:35:18 AM

I also think this is possible. We witnessed Bitcoin stalling and not testing 20k and altcoins like XRP and Stellar suddenly making 100% in two days.

From the past, XRP has been widely adopted by banking companies. If I'm not mistaken they already have 300 financial institutions on their global payment network , otherwise known as RippleNet. FINMA or the Swiss Financial Market Supervisory Authority also uses XRP for credit requests. If recently XRP is high, I think this is reasonable besides that if you hear that there will be a SPARK airdrop from the Flare Network with a ratio of XRP: SPARK = 1: n, this also causes some traders to choose to hold and buy until the snapshoot period ends.

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Quote from: ethereumhunter on December 02, 2020, 02:52:04 AM

Quote from: AbbyS on December 01, 2020, 06:04:13 PM

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.

true, but also can label the entire industry as scam.

No, I don't think that can make the entire industry a scam because people will think about which project or coin is a scam and will not invest or buy it. I think people now become smarter than a few years ago, and they will search for the right news and not join in the project that they don't know or will not invest in the coin that they don't have much info.

only one coin pumps 100 percent and all industry will be a scam ? haha . i will believe if he says that all coins pump 100 percent because thats more questionable but one coin that pumps a hundred percent shouldnt be easily judge as a scam but take a look if what coin was that and take a research about that coin if you see a positive news behind it then that was a legit pump .

p.s : if btc pump 1000 percent will you guys say that it was a scam ? fck it , scam or not ill still be happy because i can be finally rich if that happen

Altcoinsintel

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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 ?

I also think this is possible. We witnessed Bitcoin stalling and not testing 20k and altcoins like XRP and Stellar suddenly making 100% in two days. Altcoins rising extremely fast is a bad indication of a bubble forming. This rise was not understandable as nobody cared to invest in XRP or XLM and there wasn't any news of these coins to be used for something they weren't already.
Perhaps Grayscale bought some to sell to the institutions as "diversification".

Wawa2013

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As far as I know Bitcoin will not be affected by rising altcoins prices, because usually altcoins prices are affected by Bitcoin.
Moreover, when trading altcoins, usually use Bitcoin pairing, so the Bitcoin price increases. I have not found any increase in
the altcoins price to affect the Bitcoin price.

noorman0

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Bitcoin and altcoin are not related, but the price of bitcoin will affect other coins in general.

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

the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!

I think the price of ripple is pumping up not in the search for new ATHs, more precisely because of their new token airdrop program.
If I remember, distribution will be in next week. We'll see what happens next. I believe Bitcoin will remain viable in this bullish market.

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Quote from: AbbyS on December 01, 2020, 06:04:13 PM

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.

true, but also can label the entire industry as scam.

No, I don't think that can make the entire industry a scam because people will think about which project or coin is a scam and will not invest or buy it. I think people now become smarter than a few years ago, and they will search for the right news and not join in the project that they don't know or will not invest in the coin that they don't have much info.

adzino

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I doubt anything like that happens. When bitcoin price starts to soar, the price of altcoin starts to drop. This is because people starts dumping their altcoin stash to join the bitcoin bull market. Hence, altcoins drop even further while bitcoin starts to rice. Once the bull market is over and the correction takes place, people sells some of their bitcoin for profit and then buys back their altcoins for cheaper. Hence altcoins starts to rise back but without affecting the price of bitcoin. If people see bitcoin dumping, they start dumping their altcoins too, to buy bitcoin for cheap!

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When Bitcoin falls, altcoins tend to fall as well. But the market responds by slowly raising Bitcoin and the other coins. Fortunately we see a recovery in them. Regarding XRP, it reached its highest peak of US $ 3.40 on January 7, 2018. Since then, the price has remained below $ 1 despite leading the 3rd place in the crypto market.

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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 ?

Ofcourse not this bitcoin and altcoin are in separate community which has different users and different people who are pumping them, No one knew that this altcoins will pump as well maybe this could be an coincidence between them, You can't say that they manipulated the pumps but let's say that altcoin investors are show some interest to invest their money not only in bitcoin but to those altcoins that they knew it will be that on that price sooner or later.

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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 ?

I think no, there is no harm for bitcoin if the altcoin price up. Can you see the marker correctly? Because in my opinion all altcoin price market will be pumped when bitcoin price is already pumped. I mean, most investor will trade in bitcoin only when bitcoin price getting pump so as it will affect to altcoin price thaf will be dumped a lot. And when bitcoin price meet a sideaway market the investor will pump some altcoin. As you can see there is no altcoin who successfully reaced the previous all time high, if you found it can you tell me. In this bull run market I suggested you to trade or invest your money in bitcoin only.

AbbyS

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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.

true, but also can label the entire industry as scam.

judas

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Altcoins can't affect the Bitcoin price. The most dominant cryptocurrency in the market is Bitcoin. However, Bitcoin can affect altcoin prices. We have seen so many cases that Bitcoin did this. As long as Bitcoin stays the most dominant, I think it will continue to be like this.

ololajulo

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Altcoins pump with bitcoin dump is occasional especially for the bear market. Last year bitcoin pump squeezes the fund out of altcoins, everyone was selling altcoins for bitcoin, it rose from $3200 to $14000 while altcoin had its terrible dip,however, few coin like BNB made their new ATH. The repetition this year was in sections, Defi pump in price as bitcoin pumps, same thing is happening currently. I like to believe that altcoins will get more interesting and FOMO into altcoin will get crazy soon, many altcoins will make their ATH in bitcoin value that they will never attain again, it will be smart to take good profit in altcoin as it pumps in coming months

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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 ?

You are overthinking things, except for those that are invested in XRP most of the community does not care, in fact before the growth of XRP during this year and its ridiculous pumps in price the coin had remained still for a long time so many people forgot that coin even existed.

So it is a mistake to think that just because XRP is doing weird things that somehow this is going to discourage bitcoin investors, the reduction in the price we are seeing right now has to do with the fact that as soon as we reached a new all time high people got scared and began selling their coins because of it.

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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 ?

Not that really. Before, you may imagine about icos and how did it affect bitcoin's price. We saw a lot of projects turned into bitcoin and how huge money was going in and out from those projects. But this time, we're looking at the natural growth of bitcoin, and the halving that just happened last May is in effect already.

Too many reasons why we're seeing the price increase this time. PayPal's news and other positive news that portrays bitcoin adoption. And if you think that altcoins are affecting bitcoin's price negatively, I don't think that we're still in the same phase of bitcoin that's being affected by altcoins movement, not this time anymore.

gregy45

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Many of the Altcoins turned out to be either projects with no future or outright fraudulent schemes. As a result, altcoins are mostly the cause of losses among investors, because, in addition, they take away attention from bitcoin.

Most altcoins have had and still have millions of market capitalizations, meaning that representatives of the cryptocurrency industry have invested enough money in them. Of course, redirecting these funds to Bitcoin would seriously change the current situation with the Bitcoin exchange rate.

For example, projects such as Auroracoin, Paycoin, The DAO, and Bitconnect ended in either failure or a fraudulent scheme. The fraudulent Bitconnect project ceased to exist in 2018.

There are really a lot of "useless" altcoins in the cryptocurrency industry. They attract investors with the possibility of quick earnings due to the relatively high volatility. However, most often altcoins with low capitalization bring only losses and frustration to newcomers in the industry who do not have time to exit the project in time and find themselves in the red.

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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.

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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.

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

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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.

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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

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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.

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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.

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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.

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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

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

imstillthebest

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btc are manipulating pumps and alts dont manipulate btc .
only xrp is what you notice but you might not be looking on other altcoin because there are non popular altcoins that also pump together with btc .
this dont happen the first time but it happens before so people arent doubting to this and why will someone be afraid of this but they should be happy because that is a clear guide to know that alts are gonna pump once btc starts moving upwards .

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All I know is that there's no correlation between the market prices of Bitcoin and other cryptos. Price is simply dependent to the demand, supply, and volume of a particular coin, perhaps in this industry. Just observe how the prices are moving whenever the price of Bitcoin is rising; some coins are as well having price increase and some are not. In some cases when the price of alts are increasing, there are times wherein the price of Bitcoin is falling and sometimes neutral. Thus, the correlation is already broken. Therefore, linkages are not existing between cryptos.

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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 ?

there is no influence of xrp on bitcoin, instead the price of bitcoin affects xrp and others. because we know if bitcoin has increased, altcoin prices have also increased significantly. so I thought maybe it was a wrong perception

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I think it is the other way around, Bitcoin dominates the market and it affects the market as a whole. Whenever Bitcoin price moves, altcoin holders sell their holdings to invest in BTC, hence altcoin price drops. The reason why BTC price and altcoin price dropped recently is because of market correction which is normal whenever the price moves up.

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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 ?

I dont think so! Bitcoin dominance in the Market Cap is more than half, thats why it is not possible for any "Altcoin pumps" to harm the price of Bitcoin.
But it most likely happens, that if the Bitcoin price will go down, it has a huge effect on the price of most altcoins in the market. Because I believe that altcoins value is partially tied up with Bitcoin price and market movement.

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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 ?

The altcoin market has a small MartketCap, so any investment of huge sums (one million dollars or more) may cause the price to rise insane, but such rises are often corrected within 24 hours or less than a week.

Continuous growth will be in currencies with huge market capacities that will not be affected by the entry of small investors, but such currencies need a lot of liquidity to move the price and thus constitute excess growth in the long term and more stability in the short term.

what happened in the last week of XRP price is an excellent example.

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From my perspective altcoins have no power on Bitcoin. They only receive the crumbs that come from the institutional funds pouring into BTC. You can say that alone by looking at the market capitalizations.

To be sincere I don't see any altcoin that will be even remotely close to Bitcoin in the long run. Altcoins are going to have their own "niche" market - especially the utility ones.

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Quote from: Coin_trader on November 27, 2020, 09:03:40 PM

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 ?

Obviously not. They have separate community and there's a reason why XRP is pumping same as BTC. Most of the Altcoins don't have any news to sell for hyping the market. The airdrop occur on Uniswap that give tons of free money ignite the hype on XRP that many investors hoping to get same profit on it.

I don't see why the price of XRP gives a negative impact on the crypto market since they are really doing good. I will agree if a Bitconnect like project pumping like hell.

Yes, altcoins do not affect the bitcoin price but it seems whenever bitcoin price starts to increase, altcoins very likely to follow. This phenomenon occurs because traders are looking for alternatives coins to purchase as the price are cheaper and a small percentage increase can provide decent profits.
Xrp free airdrop on Uniswap should influence the price negatively, isn't it? Because people tend to sell what they've acquired for free. The price will plummet after the Flare Network, give the airdrop tokens to XRP owners in December.

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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!

Bitcoin has been rising for 70% of the past 2 years, consistently. Shitcoins such as XRP on the other hand are being pumped for about a week or so. This means your assumption comes from the fact that you never checked the facts.

Quote

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

Shitcoins such as XRP and Stellar and thousand other pump and dump shitcoins are being pumped and dumped on regular intervals whenever their pumping teams likes it, they never affect bitcoin because bitcoin doesn't care.

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The longer time of accumulation along with falling price, when times is on and the pressure is taken off, price will rise exponentially. It is a rule of the market. Unfortunately, people don't cut loss will also don't have enough patience and confidence to hold their coin till the day recovery occurs. They hesitate to cut loss but when price is at bottom, they lose their faith and give up.

About your question on the correlation between bitcoin and altcoin, I see there is a correlation as a bond of capital flow. With same amount of capital on the market, if bitcoin rises, capital will be concentrated on bitcoin and altcoins might see drops in price. When bitcoin is stable, altcoins will have more capital inflow that helps them to increase in price.

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For what I have seen there is sometimes a trend between altcoins and bitcoin.
Looking historical data from market cap its pretty clear people wants keep bitcoin and not other coins...
This lead to a bigger value for bitcoin but there is not a cause / relationship since the market cap of a single altcoin is just a tiny part of total market cap in bitcoin, so it's very unlike there is any relation.

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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, Bitcoin price is not manipulated by altcoins. Bitcoin's community and whales are responsible for the price dip.
There are many community members here who have been waiting for the price to rise to 19k from 2017, they are now selling their Bitcoin. Whales are known to manipulate the market to lure panic sell from the small investor plus there is profit-booking from traders. These are some of the primary factors that are causing the Bitcoin price to go down.

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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 ?

It has no effect whatsoever, on the contrary it should be bitcoin that should influence the alt as majority of them are Bitcoin/altcoin pairing. Regarding XRP, it's just a pump because of the scheduled fork, after the fork on December 12 there is a possibility that we might see a huge dump and investors going back to Bitcoin.

So it's interesting to see what will happen after the December 12 on XRP, I'm seeing a massive sell off, LOL.

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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, it is not influenced by bitcoin price negatively. Instead, people make more profit from the altcoin because they can sell their XRP in usdt or bitcoin. They will have a profit in usdt or bitcoin, and they can hold it until the bitcoin price increases again in the next week. I think that can help people to have more bitcoin if they sold it in bitcoin pair xrp. If more altcoin can increase, such as XRP, that means we will see the altcoin season, which can give us more profit, and if we can make more profit, that means we will have a chance to make a lot of money in the next bull run. Even if they manipulated the pumps, we could still benefit from that by having more bitcoin to hold.

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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 ?

With cash flow focused on each of the top altcoins, the whole market will certainly be affected, not just Bitcoin. This is just a correction of Bitcoin Dominance, when it is too strong it also needs to be adjusted for things to balance again.
This cycle is always happening in the Crypto market every time the bullish trend comes, if we understand this rule and choose a good time to buy altcoins top, we will soon become rich. This law is also quite similar to the Dow theory. Grin

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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 ?

Well we are translating the situation differently.
Some people says that those people with large amount of money has decided to cash their bitcoin out into fiat and put some of the profit in altcoins.
So this is the reason altcoins pumped recently for some people.
And here you are talking about another perspective which got me thinking it could be true given the fact that ripple well known centralized and sucks.

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Bitcoin's price action influence's altcoin price action. That's it, there's no positive or negative feedback loops here. Altcoin volumes are way too small to even theoretically affect Bitcoin. And Bitcoin investors never cared about what's happening with altcoins. Even when alts were experiencing huge growth, and Ethereum was close to overtaking Bitcoin's spot as the largest marketcap coin, Bitcoin traders still didn't care about Ethereum and other alts, as there was 0 correlation between their events and Bitcoin's price.

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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 ?

I didn't see significant correlation between bitcoin and other alts especially XRP in events of recent price increased. However, there is this possibiliy that it might be whales played both on alts and bitcoin at the same time. But we can easily spot significant trades related from btc to alts cause there will be huge amounts transferred in it. In addition, price in btc may be affected on or to alts, however price on both markets are not significantly correlated.

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The growth of XRP and stellar isn't harming the growth of bitcoin. Even during the 2017 bullish trend the price of bitcoin continues to drop drastically when the price started to grow on the sides of the altcoins. That doesn't mean bitcoin is affected by the growth of altcoins. XRP growth is completely followed by the growth of bitcoin, because the rise have started only after the market of bitcoin turning bullish.

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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 ?

Obviously not. They have separate community and there's a reason why XRP is pumping same as BTC. Most of the Altcoins don't have any news to sell for hyping the market. The airdrop occur on Uniswap that give tons of free money ignite the hype on XRP that many investors hoping to get same profit on it.

I don't see why the price of XRP gives a negative impact on the crypto market since they are really doing good. I will agree if a Bitconnect like project pumping like hell.

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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 ?

Topic: Altcoins price pump influence bitcoin price Negatively ? (Read 840 times)