If altcoins were dumping you would expect the prices of these to suffer, however, as a whole the market is seeing a lot of green at the moment.
I think it's more-so people jumping back into the market who panicked leading up to the fork, which would indicate as to why there was such a poor overral performance through July.
Topic: Bitcoin price pump, altcoins dump? - page 4. (Read 2883 times)
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.
Usually traders sell their alt coins for Bitcoin, that is why when the alt coin being sold there will be more transaction to Bitcoin and then because you are trading alt coin / Bitcoin then when alt coin being sold it will decrease the demand and causing the price to go down, and because you are trading with Bitcoin it's mean you are buying Bitcoin with your alt coin and that caused the demand for Bitcoin to increase
Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
Traders would sell their altcoins to have more bitcoin in their wallet and then when they think through their technical analysis that price of bitcoin is almost or at the ceiling then they would convert to USD having more cash in hand. When the price of bitcoin drop again then they can buy more bitcoin and then shift to altcoins again buying some of it because when price of bitcoin drops, price of some altcoins shoot up so in this way traders will have more money taking advantage of the opportunity.
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.
bitcoin in king soo is normal
the altcoins down and the bitcoin keep on uprise and stable, i think altcoins dump because its part of the currecies movement analysis of this issue the altcoin come again to go uprise coming soon because of the currecies waving and thats the part of trading have time to be risk the investment maybe in the few days the value of the altcoin pumping stay calm traders,
They isn't much explaination to this question people are right altcoins are slow whole year but when they increase they don't stop and give a profit of 10x in few hours. Bitcoin grows all year if you conpare bitcoin doesn't fall much and till date it has increased by 200% since starting of this but eth or ripple on the other hand have increased by 2000% before falling short again. With alts you need lot of patience that's the reason people go with btc and avoid alts.
I don't see that it's always the case. Because it all depends on desire and market conditions there, because sometimes the big players (trading) at that time was in need of many funds so altcoin they mostly sold and exchanged in the bitcoin who was in the pump. It all depends on the situation and circumstances that are happening, not because the system!!.because of the bitcoin and also altcoin is very different, they have advantages and disadvantages of each
Thats true, As far as i can remember there is a time where both dumping where almost all alts where in bloody red. Though most of time base on my experienced on trading they are indirectly proportional.
You are just looking at the price of altcoins in BTC. I would advise you to check their prices in the United States Dollar as well. In USD terms, the prices of almost all the altcoins have increased. And some of the alts have held their ground so far against the BTC, such as ETH, NEM, and NEO. I have checked the charts and I couldn't see any major crash or correction for the altcoins.
It depends upon the market because when ever the price of Bitcoin is increasing there will be small changes happened with the altcoin. They need to be accurate according to the Bitcoin price and the value of altcoin value will decrease accordingly.
I don't see that it's always the case. Because it all depends on desire and market conditions there, because sometimes the big players (trading) at that time was in need of many funds so altcoin they mostly sold and exchanged in the bitcoin who was in the pump. It all depends on the situation and circumstances that are happening, not because the system!!.because of the bitcoin and also altcoin is very different, they have advantages and disadvantages of each
Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
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.
This is the usual happening when btc up, alts is up. This is due to massive selling of alts and converts to fiat with their bitcoin. But if you remember last time, It happened that when bitcoin was down, alts is also in red.
Yap you just rephrase what I said. Oh yes, that situation I witnessed it that everything, all the crypto's are all in red colors. I called that the bloody week in crypto's and it happened a couple of times I guess or I miss the other times. There's a situation also that all crypto's are pumping altogether and there are very few coins who are being dumped.
However the prompt signaling of segwit turned things around and Bitcoin became more formidable and also much more valuable. Now all eyes are on Bitcoin and a good number of altcoins are now on the receiving end.
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
Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
People sell their altcoins to jump into the BTC bandwagon. Also since all altcoins trade against BTC and when BTC price is rising in FIAT, its normal for altcoins to lose value against BTC price, but is usually the same in FIAT price. FIAT is USD/EUR..
This is the correct answer.
Only a few people in altcoins are there because they really believe in the alt. Most are there as an alternative way to make bitcoin. When bitcoin rises, they cash in and convert to btc, in order to then convert to fiat.
Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
People sell their altcoins to jump into the BTC bandwagon. Also since all altcoins trade against BTC and when BTC price is rising in FIAT, its normal for altcoins to lose value against BTC price, but is usually the same in FIAT price. FIAT is USD/EUR..
Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
All of traders switch from investing in altcoins to be on bitcoins because bitcoin's price is up trending so the traders choose the digital coins that has up trend than invest in the altcoins,
this strategy is good for taking profit long term investment with hold bitcoins than altcoins
basic knowledge of trading always follow the trend of price and never fight the trend.
I don't think Bitcoin alone experiences price pumping. If examined the price pumping is felt over altcoins too. Though both are almost on the similar market the pump and dump happens in different time scaling. During the recent growth of bitcoin found more altcoins in pump.
So, I guess the best way to invest in cryptocurrency is to invest in bitcoin. But maybe trading altcoins is not a bad way to make a profit for now (until the bubble of altcoins burst). However, there're many ICO's.
there's too many ICO that makes us hard to decide whether on what ICO were going to invest especially if we only have minimal budget. However trading and investing maybe risky but definitely worthy.
So, I guess the best way to invest in cryptocurrency is to invest in bitcoin. But maybe trading altcoins is not a bad way to make a profit for now (until the bubble of altcoins burst). However, there're many ICO's.
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