Topic: bitcoin down, altcoin rise. why? - page 20. (Read 1871 times)
The bull market is the result of supply-demand. When supply exceeds demand, prices decrease and vice versa. Altcoin or Bitcoin too. Although Altcoin is traded under Bitcoin, it does not mean that prices will fluctuate with Bitcoin.
Some altcoins do not seem too affected by the condition and fate of bitcoin. Usually altcoin has good stability and a good team because it can make it unaffected by bitcoin. But there is also an explanation to me that altcoin is indeed difficult to predict and can not always be avoided or unaffected by the condition of bitcoin.
This is not even the case for only 5 percent of the altcoins. But it is a good thing that it happens and that means the altcoins lose their dependence from Bitcoin. Then Bitcoin will come into fate as time goes on and other coins can take Bitcoin's kingdom.
if in view between bitcoin and altcoin then the price will be the opposite
if in view between cryptocurrency and fiat, then the price of all bitcoin and altcoin assets will decrease
if bitcoin rises, altcoin down, then BTC trend is going up and good, and vice versa
if in view between cryptocurrency and fiat, then the price of all bitcoin and altcoin assets will decrease
if bitcoin rises, altcoin down, then BTC trend is going up and good, and vice versa
it depends on how the major holders react to the dip.People gets scared and begin to panic sell everything they hold(including the alts).Thus the alts go down too.
But if an alt is new and the majority of the holders are intelligent investors then they will react differently.So the market will reflect only the price it deserves.And won't be pulled down with btc.
Well this is what I think about it, I may be totally wrong.But this does make sense, right?
But if an alt is new and the majority of the holders are intelligent investors then they will react differently.So the market will reflect only the price it deserves.And won't be pulled down with btc.
Well this is what I think about it, I may be totally wrong.But this does make sense, right?
Now there is a huge amount of different cryptocurrencies except bitcoin, their price often depends on the fluctuations of bitcoin, but there are cases when the price of a popular crypto falls, and some unknown cryptos grow in price.
There are new coins that has higher price and the popular coins drops the price because new coins are gaining popularity and attracts the investors in the market. To have chance for the huge profit after the ICO so that many are going to use the develop project because they see how successful it comes. The price of the new coin in the market depend on how success it is during its development.
not just bitcoin, altcoin down too.
Because bitcoin and altcoin are related each other.
so, If bitcoin down automatically altcoin is down.
Because bitcoin and altcoin are related each other.
so, If bitcoin down automatically altcoin is down.
because you are wrong.
bitcoin down means altcoins down. it has always been like this and will be like this for many years to come until the altcoins change for real alt-coins not virtual useless tokens.
what you are confusing with this is the fact that some random small altcoins may get pumped even during a downtrend. that has nothing to do with your title though! it is just a pumper pumping some shitcoin that you have not even heard the name before they pumped it.
bitcoin down means altcoins down. it has always been like this and will be like this for many years to come until the altcoins change for real alt-coins not virtual useless tokens.
what you are confusing with this is the fact that some random small altcoins may get pumped even during a downtrend. that has nothing to do with your title though! it is just a pumper pumping some shitcoin that you have not even heard the name before they pumped it.
For the past weeks, I observed the behaviour of some coins in relation to btc and I realised that once Btc goes red, almost all coins go red. But the case is different for some few coins like docademic. But as soon as the market tris to revive, docademic will instead go red. I didn't understand why bit I think I now get it. Thanks a lot for this information
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!
The ones that rise when bitcoin falls are the altcoins that are pumped for some reason. And the rest are the ones that has much buying demand at that time because of a project announcement. 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!
Typically when there is a bull run happening with bitcoin the alts drop. People move out of alts and into bitcoin for the ride. Then, typically, the profit takers jump in and convert some amount of bitcoin into fiat then bitcoin drops.
What I think is a simple logic,If Bitcoin goes down people start to take there money out from it and then they start looking for an alternative,now that the alts have show some capability, investors have started changing their thinking and they started to look for the alts as well.And that has given the alts the required push that will make them to stand in the market.Probably that is the reason why alts are not going down with Bitcoin.
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 do strongly belief that altcoins being created have their initial purpose to fulfill; especially the ones with the real course for the future. I will make use of the Docademic as an example which has a project to do with health. We all know the importance and relevance of health; health is wealth and life too. So, a project that has come with a real impact on health improvement will certainly grow and make it into the future too. No wonder it skyrocketed recently even when the markets were red and it is still above its ICO price as at today!
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 the reason is because Bitcoin is used by most of alt coins for couples in exchange. but I still believe bitcoin will go up soon and more stable
Not sure I agree with this. Alt's tend to go up when Bitcoin is going sideways most of the time.
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!
This is actually normal because people nd investors would always look for alternative altcoin to invest to while the price of bitcoin is on the down hill. This is the reason why other altcoins are on the rise once bitcoin's price is falling. 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 have observed that even in the case of correction, investors are not willing to cash out their capital from crypto and hence they move their capital into the cryptocurrency which is less volatile. This might be the primary reason for the price rise of alt-coins when Bitcoin falls. There are some other factors too.
Now there is a huge amount of different cryptocurrencies except bitcoin, their price often depends on the fluctuations of bitcoin, but there are cases when the price of a popular crypto falls, and some unknown cryptos grow in price.
because altcoin is a newcomer to the world of crypto, so prices always go up, so users are interested in altcoin
Not every altcoin, There are only a few altcoins are pumping now. Because they got a new exchange, they got new investors and something like this. But after one or two days later, those altcoins will follow the rest of the altcoins. When bitcoin is down, that means total crypto market downs. I have seen this strategy every month of 2018, after January.
Of course altcoins is tradable to BTC. And it has more demand in the market. But as we all know, BTc is thr mother of all altcoins.
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