bitcoin down, altcoin rise. why? - page 13.

anderson705

full member

Activity: 233

Merit: 100

Quote from: oginiimaoyani on August 02, 2018, 01:42:02 AM

This is so because the demand for that altcoin is high at that moment or point in time due to the trading volume but not meaning that bitcoin is low and altcoin is superior, bitcoin stand the number one.

Its normal that when bitcoin is down, people tend to transfer their assets or coin to altcoins. Or sometimes park in USDT for safe haven. I think if you are used to trading, you will notice this frequent observation. It depends also for FUD news that affects the prices. Be careful on what coin you put your assets, you might lose also in also further.

bagaiskwpps212

newbie

Activity: 26

Merit: 0

Altcoin coins and bitcoins are common, and I know some of the Altcoins traded through Bitcoin. Profitable transactions will make people sell the coin. I need to refer more to the share from those who go before.

oginiimaoyani

sr. member

Activity: 574

Merit: 250

This is so because the demand for that altcoin is high at that moment or point in time due to the trading volume but not meaning that bitcoin is low and altcoin is superior, bitcoin stand the number one.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

it seems like that doesn't apply at this time. well, basically when the price of bitcoin decreases, the price of the altcoin will remain, or rise because many people will buy altcoins, or something like that. but, for the time being, we do not see it happening, as it is most likely the settled ETH price, and not pump as bitcoin prices go up, and continue to decline as bitcoin prices decline.

micle222

sr. member

Activity: 784

Merit: 255

The usual thing for this is because there is the latest news from the Altcoins.
Because my experience yesterday saw a coin listing on Upbit Exchange and Huobi immediately rose in price.

I see that the price rises are AdToken, Verge, DGB and XVG, but it also depends on whether the coin is good or not.

Crypto11021

newbie

Activity: 107

Merit: 0

Cryptocurrencies is the most unstable currency most times when bitcoin price falls there is consequent decrease in price of altcoin as majority of altcoin are pair with bitcoin on exchanges.

Joeyvicky

jr. member

Activity: 140

Merit: 1

The crypto market is entangled with fluctuations and actually not every altcoin increases at every point that bitcoin price decreases. Per what i have experience so far is that as bitcoin rises most altcoins prices also increases. As a mother of all coins i think it has somehow direct or indirect influence on them.

Kambal2000

sr. member

Activity: 700

Merit: 257

Quote from: dogtana on July 22, 2018, 01:34:46 PM

Because most people can't aford bitcoin which is already quite pumped up. But cheaper altcoins that can grow more can bring many more people some prosperity.

Aside from that we are now in the stage wherein people finds more opportunity in altcoins, that is why they are buying some of it as well, so it is not really possible that the demand for altcoins are getting higher, but that does not mean that they are making bitcoin useless or obsolete, of course it is their priority to have.

dogtana

member

Activity: 845

Merit: 56

Because most people can't aford bitcoin which is already quite pumped up. But cheaper altcoins that can grow more can bring many more people some prosperity.

skeletica

newbie

Activity: 138

Merit: 0

Quote from: Al-e_x on June 10, 2018, 04:18:29 AM

I do not understand what happened to some altcoins, I know that when correction, red altcoin dominates the crypto market.

but when the bitcoin correction, there is still altcoin that has increased and rises significantly.

what factors make altcoin rise when bitcoin falls?
share your knowledge with me!

in my personal opinion, of course because of the diversion of investments.
bitcoin holders sell their bitcoin and buy altcoin, I think that's what happened.

ubeng07

full member

Activity: 364

Merit: 100

Quote from: Fundalini on July 22, 2018, 10:52:47 AM

Quote from: KIKI.loi on July 22, 2018, 10:31:20 AM

as altcoin demand increases. investors are selling their bitcoins to buy altcoins to make a profit. so bitcoin prices can go down.

Around this time of the year, similar events have happened. ICOs were in heat that time and altcoins in general are gaining more compared to bitcoin. Although, in reality, bitcoin's price is pegged to all alts. So whenever bitcoin's price goes up, alts do too, vice versa.

this is some of the movement thing that are really or most common happen on this crypto we should analyze the fact that bitcoin and altcoin on how does the other move for then they have to make some also.

TmottaDing

member

Activity: 234

Merit: 10

Because it is exactly the same pattern that has always been repeated on the charts, that is why the same happens when bitcoin goes up, almost all the other coins are going up too, and vice-versa, it is all a simple pattern that is always being repeated.

jayveerastrullo

jr. member

Activity: 266

Merit: 1

some altcoins has good mission to the community with that it attracts many users to invest to them. altcoin are compose of great team and with a great project and great vision. Altcoin has a great future just like bitcoin way back 2009. Bitcoin down is just normal.

miniyou

newbie

Activity: 14

Merit: 0

Every cryptocurrency price and uptrend is depend on Supply and demand if particular coin's demand is more and investors getting interest then price will be increase and many altcoins trading is depend on bitcoins because investors buy altcoins from their bitcoins. market policy is when one in uptrend then other will be in down trend basically all Altcoins will be in uptrend when bitcoin should be in down trend and peoples demand more for altcoins.

Apple4myCat

member

Activity: 224

Merit: 10

I think that for the reason that there is a transfer between the currencies. Money is pumped from bitcoin to altcoin and vice versa. This is a fairly common phenomenon.

thaisonzz

newbie

Activity: 1

Merit: 0

Vionaa

jr. member

Activity: 71

Merit: 1

I think there are some altcoins manipulated by their owners, controlling the demand and supply that make it expensive even the market is experiencing bloodshed. I do not believe the altcoin has a new launch in CMC. In my own belief it is better to invest altcoin above 10 is quite convincing that really profitable and no manipulation even bitcoin down.

Fundalini

full member

Activity: 644

Merit: 103

Quote from: KIKI.loi on July 22, 2018, 10:31:20 AM

as altcoin demand increases. investors are selling their bitcoins to buy altcoins to make a profit. so bitcoin prices can go down.

Around this time of the year, similar events have happened. ICOs were in heat that time and altcoins in general are gaining more compared to bitcoin. Although, in reality, bitcoin's price is pegged to all alts. So whenever bitcoin's price goes up, alts do too, vice versa.

KIKI.loi

jr. member

Activity: 224

Merit: 1

as altcoin demand increases. investors are selling their bitcoins to buy altcoins to make a profit. so bitcoin prices can go down.

daoquanghuan

newbie

Activity: 184

Merit: 0

Quote from: Al-e_x on June 10, 2018, 04:18:29 AM

I do not understand what happened to some altcoins, I know that when correction, red altcoin dominates the crypto market.

but when the bitcoin correction, there is still altcoin that has increased and rises significantly.

what factors make altcoin rise when bitcoin falls?
share your knowledge with me!

There are several explanations for the growth of altcoin as bitcoin prices decrease:
Many people believe the cycle of altcoin and they sell bitcoin to buy altcoin resulting in reduced bitcoin prices and increased altcoin.
In a bitcoin-price market that goes sideways or down slightly, people want to make more money and buy altcoin altogether, resulting in higher altcoin prices.

Topic: bitcoin down, altcoin rise. why? - page 13. (Read 1871 times)