Topic: bitcoin prices go down, why altcoins prices also go down? - page 3. (Read 675 times)
I don't know why, since I started investing in the crypto money market, the trend of bitcoin will affect the trend of all tokens, which is a very mysterious phenomenon.
Look, this is a general rule for alts and bitcoin :
bitcoin price up --->alts down
bitcoin price down ---> alts down
the only scenario where alts go up is when bitcoin price stabilize at high price , only then money move from bitcoin to alts and thus price go crazy.
bitcoin price up --->alts down
bitcoin price down ---> alts down
the only scenario where alts go up is when bitcoin price stabilize at high price , only then money move from bitcoin to alts and thus price go crazy.
I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.
While that is true for some Alts, it is not true for all Altcoins. There are Altcoins that their prices go up even when Bitcoin price is down. There is hardly any rule in this market, hold quality coins and do not panic sell.
I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.
I think the basic formula of the bitcoin world that we must understand. In this way you can take advantage of the market situation, when the market price falls on then we should immediately have to buy and save it in the long term. you must not hesitate in holding bitcoin.
basically, Bitcoin is the first and most superior coin in the world of cryptocurrency. surely, the price of bitcoin become a reference for other coin prices like altcoin. but there are some altcoins that not referring to bitcoin prices. it's reasonable if the altcoin prices follow bitcoin prices.
if I think the altcoin price depends on the bitcoin price as well. because bitcoin prices make the altcoin price benchmark because bitcoin is the parent of all coins altcoin
yes that is the basic formula of the bitcoin world that you must understand. that way you can take advantage of the market situation, if the market price falls then you should immediately buy and save in the long term. do not hesitate in holding bitcoin.
Bitcoin is the king of cryptocurrencies, and his value directly affects the trend of the entire market. All altcoins are produced by imitating bitcoin, but over time, I feel that their relationship is interdependent.
I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.
That's why you need to know the position of BTC before making any trades, it will be your hint to what might happen next.I can't highlight this part enough. Historically altcoins performed the best when BTC was going sideways.
I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.
The correlation between altcoin and BTC is directly proportional where all alts depends on the sentiments of Bitcoin. When BTC down, all alts will follow. When BTC rise, all alts will temporarily down and eventually catch up with BTC.
That's why you need to know the position of BTC before making any trades, it will be your hint to what might happen next.
I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.
It really because there's a fact that the behind of all movements of altcoins is only base or depends from the movements of Bitcoin which is unfortunately when the value of btc will fall, the value of altcoins will be fall also.
yes indeed altcoin prices always follow bitcoin prices, this happens because bitcoin is the biggest blockchain, and all the average exchange sites dominate exchanging with bitcoin. so when a lot of people are exchanging altcoin to bitcoin, bitcoin will be down and altcoin will also follow it.
I can say that because bitcoin really depends on coins, because it's the most powerful coin today so what's the market's estimate is the same with other coins.
That is the manner by which bitcoin works they resemble together as one on the off chance that somebody on them in the best has drop it esteem or the cost available somebody likewise produces a results to go down moreover. bitcoin resembles a mother that bring forth them and they resemble twins if something transpire of them will likewise produce a results like the other one.
I think the Altcoin price follows bitcoin. Bitcoin is the head of the cryptocurrency, If the head is not being well then I don't think Altcoin will be being well. Altcoins price depends on bitcoin. You can see, if bitcoin price ups again, Altcoin price will up too. So, this is why Bitcoin called the base of the crypto platform.
I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.
It is actually very simple, most of the altcoins are mostly traded with BTC pair, so there actual price stays in satoshis and not any FIAT value.
Now, suppose an ALT is worth 500 satoshis while bitcoin price is USD 10K
After few months, the ALT is still worth 500 satoshis, whereas the bitcoin price comes down to half, i.e USD 5K
This will make the ALT price is FIAT come down by half as well, as even if its still 500 satoshis but the satoshi value is now half then what it was previously.
I guess, there is no way to simplify this.
Due to the fall in Bitcoin rates, the altcoins also decreased as a result of the influence of the coin on the remaining cryptos on the market. Whenever the exchange rate of BTC falls, it is evident that many investors sell BTC, which in turn leads to altcoins also affected by the association with altcoin / BTC and altcoin / ETH. So it is not difficult to understand that altcoins rates depend on BTC.
I want to ask you all, why if bitcoin price goes down, altcoins price also come down, what is alcoin-price bitcoin, please give me your answer.
Whenever bitcoin price goes down, people panic, that is also the reason why altcoin price goes down along with bitcoin price. Some might be selling their altcoin to get more bitcoin just before altcoin price goes down. I cannot find any other reason why altcoin price goes down aside from these reasons.
All the Altcoins are in direct dependence on Bitcoin. Many large investors and traders are moving to Bitcoin when there is a general drop in the market.
because bitcoin is the biggest coin that can affect the price of altcoin and can be said bitcoin as the leader of all coins
Because the whole market is closely connected and depends on bitcoin. In addition to this, almost all altcoins are traded on the stock exchange in a pair with bitcoin, which also entails a decrease in the cost of altcoins when the bitcoin prices fall.
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