Usually the market follows the movements of bitcoin price, but today's market correction has led to oversold condition for some altcoins. Their prices don't crash so rapidly and sometimes even grow because of some speculation activities or positive news.
it's pretty weird seeing such developments, but it can be said the altcoin that goes up when the bitcoin price goes down is a really good coin. even coins that stick to the price also can be said as a good coin. but I think it's all thanks to the development provided by his dev, or his project is really good. 
Topic: bitcoin down, altcoin rise. why? - page 17. (Read 1858 times)
Usually the market follows the movements of bitcoin price, but today's market correction has led to oversold condition for some altcoins. Their prices don't crash so rapidly and sometimes even grow because of some speculation activities or positive news.
because when the bitcoin price drops the demand will decrease, and switch to altcoin, of course when a commodity experienced a surge of buyers and buyers then the price will be directly proportional to melonknya enthusiasts, and vice versa
I don't think the altcoins are up against bitcoin in any way rather i have seen a growing tend in the rise and fall of bitcoin that it falls and grows together with all the major altcoins therefore it goes to suggest that all cryptocurrencies go down whenever bitcoin is down and up when bitcoin goes up.
bitcoin collapsed and altcoin climbing may be because many take advantage of such moments to lure big players to invest and buy altcoin so it will make altcoin go up and try to make a lot of profit from there.
supply and demand of any kind of electronic money will affect its price. An electronic currency has a lot of supply, but less demand, its price can not be increased. While an electronic currency has a limited supply, it is expected to see significant price increases.
Maybe because some bitcoin holder converting their bitcoin to altcoin. Sometimes altcoin can survive in fluctuation market and give big profits when market recover. Beside that, many peoples do trading to double their bitcoin by trading on altcoin
Great that this question arise here in the forum. There are lots of people including me that gets curious with this current situation and problem arising here in the crypto world. But I guess, then the Bitcoin is the King of all cryptp currencies so, when the price of Bitcoin changes, then the other crypto currency will tend to change also.
As of now, everything inside crypto still relied with bitcoin, any certain movements affects the whole community, monitoring the current flow I think its moving in the same pattern, wait till bitcoin rise back and eventually traders will begin to comeback and play with alts that they've think that will bring them more gains, so continue to understand that each movement still coordinate along each other, until the time that the market will change it's way. 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!
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!
I think when altcoin down compare bitcoin price, many peoples seeking opportunity by converting their bitcoin to good altcoin and maybe thats why some altcoin rising the price when bitcoin dip
wen bitcoin down we can see about the price altcoin is increasing right? as i know its not increase, why? we can see that increase is in the bitcoin value, how about the usd value? its not increase if the bitcoin price is going down, and the price in altcoin is same when you see the usd value
Simply because some altcoins paired with bitcoin on trading so that is why when bitcoin crashes and so the altcoins as well. Altcoins mostly depends on the price of bitcoin demands so it is easy to say that altcoins are dependents on bitcoin market's produce. Bitcoin maybe down right now as well as the altcoins but hopefully all crypto can recover and rise back up again.
ALTcoin is 100% correlated into BTC value. When Bitcoin is bullish then people will dump their ALTcoin in order to sell into Bitcoin/fiat. When bitcoin market is bearish then people still dump their altcoin to lock in fiat value and preserve their trading account. in both ways, altcoin market will be ruined.
the only ideal phase for altcoin to bloom is when the BTC value is stable.
the only ideal phase for altcoin to bloom is when the BTC value is stable.
You absolutely nailed it and there is no such thing called trend on cryptocurrency market. Noone can catch falling knife without any special ability on financial markets. Altcoins are pegged to main cryptos and whole market will follow the main pairs.
as we know that altcoin and bitcoin is the one of trading media, so we can see about the price increasing an decreasing, also we can see that there are many FUD in this forum and internet, FUD can makes the bitcoin and other coin price is down so i think there are many factor that make bitcoin price is going down
fuds dont affect the price of cryptos , the main factor that affect their price is when someone sells or buy a crypto .
Altcoin has rise simply because alts are more indemand than bitcoin due to the fact that alts were mainly used for trading purposes why bitcoin is less demand because its main usage is only for a currency and investment for some.
Although sometimes their price are both identical to each other ,in which case alts a price are following the btc price.
as we know that altcoin and bitcoin is the one of trading media, so we can see about the price increasing an decreasing, also we can see that there are many FUD in this forum and internet, FUD can makes the bitcoin and other coin price is down so i think there are many factor that make bitcoin price is going down
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!
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!
Perhaps you mean something like this, why when the bitcoin price is stable then the altcoin price keeps rising?
which I know, when the bitcoin price goes down automatically the altcoin price will go down.
it's all because bitcoin becomes the price benchmark of altcoin.
if the bitcoin price has stabilized, then the altcoin will continue to rise in price.
Great that this question arise here in the forum. There are lots of people including me that gets curious with this current situation and problem arising here in the crypto world. But I guess, then the Bitcoin is the King of all cryptp currencies so, when the price of Bitcoin changes, then the other crypto currency will tend to change also.
The price of cryptocurrency is regulated by bitcoin because to my observation all other altcoins are build around bitcoin so the price of bitcoin will automatically affects that of Altcoins. Not all altcoins price are up at the moment some are extremely down the advantage of demands help those that are up.
ALTcoin is 100% correlated into BTC value. When Bitcoin is bullish then people will dump their ALTcoin in order to sell into Bitcoin/fiat. When bitcoin market is bearish then people still dump their altcoin to lock in fiat value and preserve their trading account. in both ways, altcoin market will be ruined.
the only ideal phase for altcoin to bloom is when the BTC value is stable.
the only ideal phase for altcoin to bloom is when the BTC value is stable.
This is common in crypto price and exchange. If btc goes down so altcoin will rise, because every altcoin have their price paired with usd, and as we know btc paired to usd too. Price may be rise in btc price, but in usd it still have same price
It's not true. Altcoin prices are heavily dependent on BTC. Look what's happening in the market now. Show me which one of the tokens has been on the decline of BTC?
not all altcoins are up and only a few are up, I think this has to do with marketing strategy and market demand that makes bitcoin and red altcoin prices. bitcoin is king and this will not last long.
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