Topic: Bitcoin down Altcoin down - page 26. (Read 4413 times)
There is negative news that affects not only the BTC or Altcoins rate, but the whole situation on the crypto market, then the total capitalization falls. At the end of this month, we observed how the dominance of BTC in the cryptocurrency market is growing.
This doesn't always happen. Sometimes there is a movement from Bitcoin to altcoins and vice versa. I think as Bitcoin goes up, sometimes people panic and want to move their holdings into just bitcoin... but when there's a scare and people are trying to get out of Crypto you would see all coins effected.
yes, both have different demands and developers but in a connected market.I think bitcoin may affect altcoin because if bitcoin prices fall investors start to panic and start making altcoin demand down but that's not always the case because there is actual altcoin that goes up even though bitcoin drops as it all depends on the demand of self coins.
yes you are right I think it has become commonplace when bitcoin price falls then altcoin price will fall because altcoin price depends on the bitcoin price condition and when bitcoin transaction is very crowded and bitcoin price condition increases then altcoin price will increase price because altcoin will be made to alternative delivery to other exchange places.
I think many Altcoin are traded with Bitcoin. So once the price of Bitcoin falls, it will bring the effects of that relationship. When I see the market, Bitcoin increases the price but Altcoin will go down. I think it starts just Altcoin that goes down and recovers to raise prices like Bitcoin.
This doesn't always happen. Sometimes there is a movement from Bitcoin to altcoins and vice versa. I think as Bitcoin goes up, sometimes people panic and want to move their holdings into just bitcoin... but when there's a scare and people are trying to get out of Crypto you would see all coins effected.
It's always been that way. If bitcoin falls then all the altcoins are falling, too. But now even when bitcoin is growing altcoins are also falling. I think that someone wants to buy very good cheap altcoins to send them to the moon
It is evident from the market charts that altcoin price is co related with the price of bitcoin also. When bitcoin increases the price of altcoins gies up,too. Same goes when the price is low. This is obviously because bitcoin has been the first birn if crypto and it has taken the lead.
Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?
Well there's definitely relationship between the two as most of the trading pair in crypto is againts bitcoin so if bitcoin is down of course it will affect alts, the same can be said when bitcoin price is up. Right now the money is flowing out of crypto and if you want altd to be independent then we need more fiat pairing. Whh must the fall of bitcoin after other altcoins?
Bitcoin is obviously the LEADER in all crypto currency.. So if seems like investors / buyers are losing faith in it.. it means that for all crypto.. its happens in stocks as well.. Say for example.. The Solar Energy sector... If the major leader in that sector releases earning and they arent looking good.. DESPITE OTHERS NOT RELEASING EARNING YET... they too will have a red day.. It's losing faith in a sector... It will take some time before there is a huge differentiation between coins.. because in the end they (almost all) come back to BITCOIN.
And it is not surprising because they are depended on each other. BTC's price is like a lever arm on the cryptocurrency market which is controlling everything.
I think not because it is related. but because both are in the same market. when bitcoin as crypto with the highest price and influential, when bitcoin down then crypto market will shake. and that can cause altcoin to come down.
yes of course it always happens when bitcoin falls and the price goes down then altcoin price will also decrease in price even very bad it can you see from some wave that happened in graph from beginning of year until now when bitcoin fall then altcoin also will fall.
This is because the effect of bitcoin is certainly very strong as it becomes the standard price for altcoins, but I hope that this soon ends so we are not dependent of bitcoin, so altcoins can be self-sufficient.
yes of course it always happens when bitcoin falls and the price goes down then altcoin price will also decrease in price even very bad it can you see from some wave that happened in graph from beginning of year until now when bitcoin fall then altcoin also will fall.
I think all altcoint depends of bitcoint, if bitcoint goes down then all coint will follow and vice versa, now bitcoint condition is not stable i think all coint also so, fluktuatif in world of crypto the usual thing
Bitcoin is the base money of this crypto market and all the altcoins take after the bitcoin value slant. In the event that the cost of bitcoin in diminish incline then all the market will go down and if the cost of bitcoin in expanding pattern then all the market goes upwards. So I think there is a solid association amongst bitcoin and altcoins.
If the price of bitcoin decreases, altcoin will also automatically decrease. Therefore, altcoin will always follow wherever its bitcoin goes. Because bitcoin is the king of the crypto and holds full control of the market rate. But do not worry, because this decline will not last forever. If the rotation of this crypto has returned again, the bitcoin value will increase again, so the value of all altcoin will also increase again.
Not all the time altcoin and bitcoin is up maybe this a vice versa situation sometimes they are up and sometimes they are down so be patient not at all will permanently stable.
In my opinion, there is a relationship between bitcoin and altcoin since these crypto's are correlated with the other. Also, bitcoin and altcoin are directly proportional with the other. I had been observing this scenario for quite sometime and all I can say bitcoin is the baseline for every bear and bull markets happening in the crypto world.
Bitcoin is a money to do price compared to altcoin. I think BTC and altcoin are following each other. Especially altcoin is based on BTC
agree, I know if BTC down Altcoin also goes down, but if BTC goes up Altcoin will also follow it. because I think BTC is coin the no 1 and its king in all coins. so it all depends on BTC.
Bitcoin is a money to do price compared to altcoin. I think BTC and altcoin are following each other. Especially altcoin is based on BTC
agree, I know if BTC down Altcoin also goes down, but if BTC goes up Altcoin will also follow it. because I think BTC is coin the no 1 and its king in all coins. so it all depends on BTC.
if bitcoin rises, altcoin will decrease because the rally happens in one direction with the sale of altcoin to bitcoin, your assumption is less precise, but if bitcoin has corrected the price, then the concentration of trader will again buy altcoin and that's where the price starts to improve, the trend is not that fast because it must take momentum after the process toward the bitcoin correction threshold.
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