Topic: bitcoin down, altcoin rise. why? - page 6. (Read 1858 times)
This is no rocket science. We can see it was coming. Bitcoin dominance rose from 35% to above 50% in just few days. So it was imminent that some of this was going to be moved back into altcoins.
Traders are making a way to make profit so they are trying to transfer bitcoin to altcoins, which is
a bit safe right now, choosing a solid altcoins, with great community is really a great idea
and once bitcoin goes up they will exchange it to bitcoin, making them rich and gets lots of profit
a bit safe right now, choosing a solid altcoins, with great community is really a great idea
and once bitcoin goes up they will exchange it to bitcoin, making them rich and gets lots of profit
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!
Altcoin is also gonna falls. It should be. When you look into price history of some major alts and comparing with bitcoin you'll find the answer. Alts always follow bitcoin value. But in different timeframe.
Its just like a train. And bitcoin is front car.
I think your statement altcoin will still rice even bitcoin is down is not correct or a wrong statement. Why? It is because everything that happens to bitcoin will also happen to altcoin. It is because in elder for someone to have an altcoin, he needed first to have bitcoin and eventually converting his bitcoin to his wanted altcoin. That is why it is very impossible for altcoin to rise even though bitcoin is going through its bad times. Well, there are other circumstances or chances that might happen, but primarily what happens is the aforementioned.
As the name implies.
Altcoin = alternative coin, can also be called a coin substitute or replace coin.
With another, people will use altcoin to get bitcoin.
So yes, if the price of bitcoin rises, it means that many people will sell their altcoins to be exchanged for bitcoin.
Altcoin = alternative coin, can also be called a coin substitute or replace coin.
With another, people will use altcoin to get bitcoin.
So yes, if the price of bitcoin rises, it means that many people will sell their altcoins to be exchanged for bitcoin.
I think not all altcoins rise when bitcoin prices fall. More are following the fall in prices of bitcoin. During this time I pay attention to that. So your opinion is not right. Or we just have different opinions. So that's not what you say.
Many factors can be deduced from the rise of up Altcoin but I don't really understand if that happens. I only refer if Bitcoin rises, the price of other Altcoins will increase.
Bitcoin and other reputable Altcoin are typically up and down in the Cryptocurrency market. However, the level of increase or decrease in value is not the same. There are cases where Bitcoin decreases but Altcoin increases and vice versa. The digital currency on the Cryptocurrency market has a rise or fall in value because of the demand and the future efficiency of the currency.
The are various circumstances that interferes with price of bitcoin or the altcoins. It is not always constant that anytime that the price of bitcoin goes down, the altcoins also rise.
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!
For me when the bitcoin down altcoins down also because some of altcoins have convertion in bitcoin, market today pictures that when bitcoin down altcoins will down also and bitcoin become green many altcoins have green also. But not all become green will bitcoin green,,some of red and vice versa, when bitcoin red some altcoins are green, I think it defens what function and use of their token,, thats why the important things is the functions and what can token do. 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 don't think that only bitcoin is down, but all the coins go down. because as far as I know the price of all coins is racing against bitcoin prices
Yes, it is true that the price of some Altcoins is increases when the price of bitcoin is decreases. However, it does not have to be allocated in the case of all the Altcoins. only those Altcoins, which are Traded by the base of Bitcoin, are related to the price of Bitcoin low or high.
maybe it's a cycle or flow from the crypto market. but usually altcoins rise when bitcoin prices are stable, not when the price of bitcoin falls. it's hard to guess why that could happen, but is like that crypto market, the price is hard to guess.
Well, it changes all the time. One day when bitcoin down we see that altcoin rise. And then another day when bitcoin rise we see altcoin rise again. You never know what next step is. There is no specific rules in crypto world.
Basically, altcoins are also down when bitcoin is down and as we can see, they almost have an identical graph everytime bitcoin drop or rise because bitcoin is a base currency of cryptoworld. I presume that some of altcoins who rose during bitcoin's fall is because people are selling their bitcoin and invest to that altcoin.
Maybe that's the case, I agree with you that bitcoin market is a reference for changes in altcoin prices, but that doesn't mean that everything will depend on changes in bitcoin prices, altcoin also has its own market, and they also have their own marketing. there is very likely to be adoption or investors who come directly to that altcoin and then affect to the price
Market situation always say that, Why Bitcoin down and altcoin rise.
There's a simple explanation. When bitcoin to the bottom altcoin up, there is a overflow of money from bitcoin to altcoin. Now it all happens in the same order but only the opposite.
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!
For me that is only coincidence because bitcoin and altcoin is not connected. That is nornal that the price of it will rise and other will drop it depends on their market.
Just market is manipulating..nothing than that...it is normall
We know that, now crypto market number one bitcoin frice fall down. And altcoin grow up in this time, and this is a market situation. Market situation make this time and now, bitcoin down and altcoin rise.
it's my opinion, you have some please reply.
it's my opinion, you have some please reply.
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