Everything is just a number. We've been hitting this support level since 2017 December, when enough people believe 6k is the bottom then that becomes self fulfilling prophecy.
Topic: bitcoin down, altcoin rise. why? - page 7. (Read 1871 times)
When traders who invest in bitcoin begin to experience panic, they are likely to switch to other altcoins so with the increasing demand automatically able to boost the altcoin exchange rate and they can still create an advantage every 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!
The current Crypto market has changed the way it works. I think the market is following a new cycle and we need to look carefully before investing.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 factors that make Bitcoin fall are bad news and manipulation. that is all that matters to it.
Maybe your talking about the alt coins that are not very popular or in top 1000+ which can be pump by a few whales so thats why even though the bitcoin market is down, theres still some unknown altcoins pumping. But technically speaking, when bitcoin price is down then all altcoins will also be down.
Bitcoin is being traded for altcoins because aside the fall in bitcoin which have made fragile investors panic, with few bitcoin one can get quantitative value of altcoins. So as their demand go higher, their value also increases.
for me at any time the altcoin will not increase until the bitcoin is above because even bitcoin bitcoin is not capable of altcoin bitcoin too. How else if the bitcoin increases sure the altcoin does not reach the bitcoin. altcoin does not reach bitcoin
This happens when peoples sell their bitcoins and invest this moneys to alctoins.
Simple supply and demand
Simple supply and demand
I am sure that the main factor that causes crypto prices to rise is that the price of bitcoin also rises, if the price of bitcoin falls but the price of altcoins rises then it is temporary pumping and will not continue.
Well apart from you actually use bitcoin to participate in an ICO or other 1st-2nd gen crypto currencies, people tend to always go and put money into what they believe in as the "NEXT" BTC. which to me is crazy but- no one knows. Since the rise of BTC to 20k last year there was a lot of fear of being left out going on so they'd have that mentality that, maybe just maybe-- this new thing is the next bitcoing. just my two cents.
Altcoin investment is relatively risky but if the BTC set a new and stable bottom, you can still choose to enter. Always follow the moves of the MOF to make their own decisions.
in my opinion that is not true because the condition of the bitcoin price falls, so the altcoin price will also fall when the price of bitcoin falls and the price of the altcoin rises, it will be used to conduct bitcoin shipping transactions and will be used to be able to look for success.
In my opinion, why can it happen like that! maybe another altcoin by raising so many people will choose coins that go up, so choose tricks like that! even though bitkoin is low!
We must expect this to happen since altcoin is also a good promising system. Maybe it's just a time for it to rise and as a bitcoin holder our duty is to battle it with dignity. Well on the case of bitcoin it just have to be use more effectively so that it will rise again. I think time will come that bitcoin will rise again from the mud.
when Bitcoin goes down, Altcoin doesn't necessarily go up, because the pair between BTC and USD is very much, usually an investor exchanges their BTC into USD to secure their assets when the market is bleeding,
the thing that makes altcoins rise is, when there are many regulations on behalf of Cryptocurrency that have the possibility that prices will rise
the thing that makes altcoins rise is, when there are many regulations on behalf of Cryptocurrency that have the possibility that prices will rise
In my opinion, why can it happen like that! maybe another altcoin by raising so many people will choose coins that go up, so choose tricks like that! even though bitkoin is low!
Due toto market volatility it's just okat to experience this kind of events. Well we must remember that altcoin is also a promising system and we should expect it to do its part. On the case of bitcoin it's just a normal thing to experience and we just have to deal with it. Let's keep on using bitcoin to make it rise again. as long as I trade crypto, every bitcoin price drops does not always follow the price of altcoin going up, now if bitcoin goes down then altcoin also drops, maybe the cause is because bitcoin is widely used to exchange with altcoin in all markets
It can be said that bitcoin is the standard price of Altcoins, as long as I trade then when bitcoin prices drop automatically the altcoins value also drops because most of the price of altcoins is calculated by bitcoin and ETH.
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!
do we not know before starting to invest if one of the characteristics of the crypto currency price and its value is uncertain the price and value of the crypto currency is affected by the size of the demand and sales that occur 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!
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.
In my opinion, why can it happen like that! maybe another altcoin by raising so many people will choose coins that go up, so choose tricks like that! even though bitkoin is low!
I think the opposite trend of bitcoin and altcoins is not correct for the past few days, I mean, when the bitcoin does down, others will down and if Bitcoin goes up again, everything else keep down harder, lol.
But for the question, I think people used to trade with usd price, thats mean, if Bitcoin down, trader want to maintain the price of alts in usd so they have to push them up.
But for the question, I think people used to trade with usd price, thats mean, if Bitcoin down, trader want to maintain the price of alts in usd so they have to push them up.
Bitcoin is the parent of all altcoins, if the price of bitcoin rises then the altcoins price will also rise, and vice versa, in some cases it is certainly normal if the price of bitcoin is down but the altcoins price rises, but I'm sure this will not be long.
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