Bitcoin price pump, altcoins dump? - page 3.

exstasie

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Quote from: raven7886 on August 19, 2017, 05:00:48 AM

Altcoins are the mere followers of the bitcoins. They are always observed following the footprints of their masters. The value of the coin definitely depends on the demand of a particular commodity in the market. Bitcoins demand is high but supply is low which is playing main role in the pumping of their values.

There are nuances to this. I like to think of Bitcoin as the index, and altcoins as individual stocks. When BTC is stable or bullish, individual altcoins can pump, but if BTC is bearish, altcoins tend to dump very hard.

In May/June, I wouldn't say that altcoins were the followers. Ethereum and the ICO hype was definitely leading the way. It seems now that it's BTC's turn to take the wheel.

raven7886

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Quote from: rivoke on August 17, 2017, 11:50:40 AM

Altcoin may adjust bitcoin value since altcoin are being made from bitcoin , right
Anyway if some altcoin still can maintain their value although bitcoin is being pump , it means that people also interest for certain bitcoin as well
So it's depend on supply and demand on the coin

Altcoins are the mere followers of the bitcoins. They are always observed following the footprints of their masters. The value of the coin definitely depends on the demand of a particular commodity in the market. Bitcoins demand is high but supply is low which is playing main role in the pumping of their values.

traderethereum

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i think it is normal, maybe i can give some explain. bitcoin is a center of crypto currency, whatever happen with bitcoin, the altcoin will get the impact too. so if bitcoin price is increase, altcoin price will be decrease and this will happen with the other side. when we see bitcoin start to climb then we should aware and prepare but don't afraid because if altcoin down, i am sure the other time, the price will be recover like what bitcoin do.

Kevondo

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Quote from: Moddak2 on August 17, 2017, 10:53:27 AM

I think bitcoin will go higher,because in differents price in march was near 1000$,today 4000$+,better hold money in bitcoins,if bitcoins you have much,more you get in long time.

Yes, I would also prefer bitcoin. Trading is bitcoin is easy but I think it is something for newbies. It is good but at the end everyone knows bitcoin is much better than altcoin. It is right that altcoin increases its value but increasing rate of bitcoin is better than that of altcoin. And best thing about bitcoin is that it is the oldest known crypto in the world. It gives more profit than altcoin just all you have to do is build up you skills and work on the strategies through which you trade.

JRoa

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Quote from: batang_bitcoin on August 15, 2017, 07:16:00 PM

Quote from: waiberz on August 15, 2017, 10:16:37 AM

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

This is because of reselling of altcoins so that the value of the bitcoin will incease and the value of altcoins decrease.

The alternative effect of this, when bitcoin is increasing. The price of alt coin is dumping, this is what's happening. Because alt coin holders are selling their coins and trying to recover from re-investing the profit in bitcoin so price of bitcoin increases.

chocolah29

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Because many wants to be on the trend thats why they are selling their altcoins in exchange of bitcoin.
And when the rally is over they will tend to buy back their coins and hold it again for long term.
But sometimes when bitcoin dumps and so the altcoin. But whats happening right now is bitcoin pumps and altcoin dumps. This is the crypto currency flows in the market as the demand and supply are playing.

wantjokull

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This is many times correlated topic that bitcoin pump leads to altcoin dump. Actually the fact is bitcoin gets pumped because it is being invested by asking money from the altcoin and then selling it for BTC. So you see there is perfect relation that bitcoin is being pumped and altcoins are ultimately dumped that is two with twice the amount as both are being exchanged altogether. However there is also one thing that, altcoins are always strong in terms of USD value but don't know why is that so. May be there are people who invest into altcoin directly from the USD currency. Anyway as a tip we should take this as indication that how the bitcoin will behave when altcoins are being dumped on major scale. That's the strategy too.

error08

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Why bitcoin price rise but altcoins price decline? simply because people cash out from altcoins and invest it in bitcoin due to bitcoin price seems growing faster than altcoins, even though some altcoins maybe being pumped as well and rise faster than bitcoin. Mostly because people wants to extract their profits from altcoins, let it dumped for a while before decide to buy back. After all, altcoins created to become daily trading objects in the first place, and just few people who see the usability of those coins.

bulala

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usually pumping bitcoin is always better than altcoin.....for me even if i have to hold back my bitcoin i always make sure i have a little bit of altcoin somewhere as a backup.....

mobnepal

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Quote from: waiberz on August 15, 2017, 10:16:37 AM

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

Answer is simple;
Because people don't like to miss the bitcoin pump, they will quickly sell their altcoins and hold those bitcoin till there will be correction on bitcoin's price. Than they will just buy back other alts.

It is quite usual cycle and we can expect same when current pump will be over in next few weeks/days.

iram1011

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Quote from: OracionSeis on August 17, 2017, 02:03:46 PM

Quote from: babysweetTiger0401 on August 16, 2017, 11:24:51 PM

Quote from: waiberz on August 15, 2017, 10:16:37 AM

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

That's also what I had observed every time bitcoin increased, were most of the altcoin dump the price value.
However, still not sure the exact reason why? but there are some altcoin are not dumping the value.

Maybe you are trader in recently. If you see the price of cryptocurrency on market in early this year, you will very surprise the price of Bitcoin and Altcoin are increasing too. Although have many warning about bubble growth but still most trader loss a lot of money after breakdown bubble in June and comeback normal rules market as today.

Bitcoin and altcoins don't really have a solid correlation. Sometimes they tend to follow each other and the other time they become inversely proportional. When new investors invest in Bitcoin, they tend to shift to other cryptocurrencies as well. Thus, increasing the overall cryptocurrency demand and hence the price. According to me an individual currency has many internal factors that drives the price along with the external factors. Thus, concluding any relation is baseless.

OracionSeis

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Quote from: babysweetTiger0401 on August 16, 2017, 11:24:51 PM

Quote from: waiberz on August 15, 2017, 10:16:37 AM

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

That's also what I had observed every time bitcoin increased, were most of the altcoin dump the price value.
However, still not sure the exact reason why? but there are some altcoin are not dumping the value.

Maybe you are trader in recently. If you see the price of cryptocurrency on market in early this year, you will very surprise the price of Bitcoin and Altcoin are increasing too. Although have many warning about bubble growth but still most trader loss a lot of money after breakdown bubble in June and comeback normal rules market as today.

Painbird

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bitcoin is a kings of all crypto currency so everyone try to manage btc not altcoin.I think that's why bitcoin pump but many altcoins are good.

johnwest

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Quote from: nexus99 on August 16, 2017, 07:05:59 AM

You can take Bitcoin and Altcoin like two entities that currently share the market and maintain its balance. So when Bitcoin prices start to increase rapidly, the vast majority of people shifts their attention from Altcoins to Bitcoin and start buying btc. This is turn leads to the dump of altcoins

The normal idea is this and yes it works like this with most of the altcoins. If BTC gets stable and increasing slowly then altcoins will increase according to its pumps or widespread usage. Some are targeted pumps and dumps of altcoins and its hard to find them.

rivoke

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Altcoin may adjust bitcoin value since altcoin are being made from bitcoin , right
Anyway if some altcoin still can maintain their value although bitcoin is being pump , it means that people also interest for certain bitcoin as well
So it's depend on supply and demand on the coin

HTracer

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This pattern that used to work well is getting less obvious. I think the more exchanges offer fiat deposit/withdrawal as well as direct trade alt/fiat pairs, the less correlation would be. Excluding cross trading an alt via bitcoin as the only way may reduce this effect.

ardentvolcanoes

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Quote from: Moddak2 on August 17, 2017, 10:53:27 AM

I think bitcoin will go higher,because in differents price in march was near 1000$,today 4000$+,better hold money in bitcoins,if bitcoins you have much,more you get in long time.

most or all of us really anticipate that to happen as we knew that new adoptions and more newcomers are getting interested to invest with bitcoin
for sure demands will bring up to another hype just continue trusting the system and earn after.

iamTom123

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Quote from: Quantex on August 15, 2017, 01:07:33 PM

Quote from: waiberz on August 15, 2017, 10:16:37 AM

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

We can't know the exact reason for this. When bitcoin is undergoing a pump, everybody is trying to get on the bitcoin train. So they sell their altcoins out to buy bitcoin. That's the reason we see dump in alts.

That can be one of the main reasons but of course there are more factors on this and sometimes these other factors can be unknown which is making some surprises to many. There were times when both Bitcoin and many alts are jumping in green so there is really no established formula on this one.

This is just showing us that cryptocurrency is a very different animal in different shades. Sometimes technical analysis can be rendered naught with Bitcoin and other coins. Cryptocurrency can be very risky if one does not have a basic understanding of its many intricacies and crannies.

Moddak2

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I think bitcoin will go higher,because in differents price in march was near 1000$,today 4000$+,better hold money in bitcoins,if bitcoins you have much,more you get in long time.

--DarkSecrets--

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Quote from: waiberz on August 15, 2017, 10:16:37 AM

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

It is simply because altcoins are reversly when bitcoins price continuous to rise and some of the altcoins were dump bevause people sell some of their holdings so they can sell their bitcoins at ATH. That is what i observe and the main use to trade almost all altcoins is in bitcoin currency.

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