Bitcoin price and altcoin price - page 5.

Cnut237

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Quote from: rash123 on July 25, 2018, 12:01:26 AM

These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?

They don't always move together. Sometimes they do, which can be a sign that new money is flooding into all areas of the market, or it can just be a consequence of BTC trading pairs - i.e., if a coin is trading at 0.1 BTC, and the BTC dollar price increases, then it is likely that coin will still trade at 0.1 BTC, so effectively its dollar price also increase.

Sometimes BTC goes up and alts go down... which means there is a lot of people buying BTC and a lot of people selling alts - so generally these will be the same people, i.e. they are selling their alts for BTC. This sometimes happens at the start of a bull run, with BTC leading the way, and later on when BTC stops increasing people sell BTC and buy back alts, causing alt prices to rise.

Idrisu

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Quote from: rash123 on July 25, 2018, 12:01:26 AM

These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?

When bitcoin price increase altcoins price do increase however they are time when bitcoin do keep them behind especially when dollars are flowing into cryptocurrencies market. Therefore , we are going to see the multiplier infect very soon and fund are going to flow from bitcoin to altcoins market.

cybersniffer

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But the cryptocurrency market is significantly more complex than the public lexicon might suggest.

EastSound

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Quote from: rash123 on July 25, 2018, 12:01:26 AM

These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?

In my opinion its because of the ETF that is being presented in the Congress thats why people are speculating that it might get approved thus demand is increasing for bitcoin while altcoins are not included in the ETF.

FarSeeR_H

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As far as i remember at first its bitcoin that raise at first and when it got stable, altcoin start to go high...

ambisyon

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In the previous months, for every btc increase, altcoins continued to follow btc to increase however this time it is very much different since the increase in btc has not affected the price of altcoins. In my views, ma ny people preferred to hold their altcoins and some perhaps were being sold in effect there is more supply in altcoins with less demand. People are now shifting to buy btc since it is now increasing progressively in which case, more profit is expected to earn once invested in btc.

nickwen

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Quote from: rash123 on July 25, 2018, 12:01:26 AM

These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?

I think the price of the altcoin is still dependent on Bitcoin prices, but the market trend has changed completely in July, when Bitcoin prices increase, the price of altcoin will also increase. But now Bitcoin prices are rising and altcoin prices are fall

paulparkker

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Nowadays both coin are perfome good and altcoin price is ($22.56) and bitcoin price is (8,409 usd).

deeofficialx

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Just think this way, if all crypto-enthusiast will be using altcoins to buy Bitcoin continuously, altcoin will slightly move down or at least stay on a current state and Bitcoin will move up, and vice-versa. After Bitcoin's rally, some investor will now use Bitcoin to buy some altcoin.

Still, just my own opinion.

mattnguyen

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It could also be that alt holders are liquidating to btc. I dont think there's indication that new money is entering the market.

Hui8

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Quote from: rash123 on July 25, 2018, 12:01:26 AM

These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?

Its biggest misconception that both of them are dependent over each other. They always had either indirect proportional growth to each other or no relation at all. I am mentioning indirect because most of the time it happens that whenever bitcoin goes up then altcoins either go down or halt their progress. There is simple reason behind that, "sell off for btc from alts!" People often do it so that they can get into BTC and try to profit their. Eventually this calls for the dropped values in the altcoins. I hope that simply explains your question.

brijeshmota

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The price of altcoin is depend on demand and now demand of altcoin is decreases.

Smarty14392

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Quote from: rash123 on July 25, 2018, 12:01:26 AM

These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?

It is not like every altcoin is related with the price pumps and dumps but as the market of BTC is recovering many popular altcoins like ETH are also experiencing a growth in the value. This does not imply that every time bitcoin will raise the prices of altcoins will also it takes time of the effect to show on the exchange but it affects very crypto in the market.

Pursuer

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no they have never depended on bitcoin price.

unfortunately this year as the altcoin dumps coincided with bitcoin price drop people started thinking that altcoins must follow bitcoin everywhere but the truth is altcoins only follow the drop other than that they are only moving based on their own pump and dumps.

and right now because altcoins have been severely pumped they are continuing their dumping period until they reach a reasonable price (aka bottom) and get ready to get pumped a gain and that can take a couple of months.

Hopeman1

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I think this is the beginning of a bull market，If you look closely at the historical K diagram, you will find that when the real bull market comes, bitcoin will rise first, while altcoin will rise later.

spazie

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I think bitcoin prices do have an effect on altcoin prices, but the real thing that determines those prices is the coin holders themselves.

richan

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Altcoin price is paired with Bitcoins but not necessary depending on bitcoins. Most altcoin prices are determined by the demand and supply of the product and services they stand for and might not have anything in common with the price of bitcoin.

rash123

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These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?

Topic: Bitcoin price and altcoin price - page 5. (Read 609 times)