Bitcoins rise affect on Altcoins. | Bitcointalksearch.org

torrantz

sr. member

Activity: 1063

Merit: 253

Sovryn - Brings DeFi to Bitcoin

Quote from: gaston castano on December 20, 2020, 02:21:09 PM

not really, some altcoin still follow btc. there's no good reason they all do. When the price of BTC started to rise, the alt holders sold all of their tokens? I do not think so. So that's not the main reason why some altcoins go down when btc starts going up quite high.

it's not always the case. Some altcoins might against bitcoin's trend and that makes those altcoins holders are still holding their altcoins. The fact that if bitcoin goes high and altcoin will be following bitcoin.
Sometimes the opposite thing can happen.

Wulan_maniez

full member

Activity: 840

Merit: 102

Here, Bitcoin has sucked up volume from the entire cryptocurrency market as it continues to strengthen.
With the increasing volume and dominance of Bitcoin usually for altcoins will have difficulty keeping up
with bitcoin rising, but of the many altcoins there are many altcoins that go up, but they move slowly.
Even many are down.

dotcoin.info

sr. member

Activity: 686

Merit: 252

www.cd3d.app

Quote from: gaston castano on December 20, 2020, 02:21:09 PM

not really, some altcoin still follow btc. there's no good reason they all do. When the price of BTC started to rise, the alt holders sold all of their tokens? I do not think so. So that's not the main reason why some altcoins go down when btc starts going up quite high.

I also doubt it. It does not seem that growth is moving on large volumes, rather, on the contrary, capitalization grows only due to price increases.
Plus, top coins grow along with bitcoin, which means that their holders cannot afford the risk of selling their coins in favor of bitcoin, because in this case they risk missing out on profits.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Or vice versa during BTC fall. Depending on the market cycle, investors rush to sell the altcoins to buy more BTC or they sell BTC for investing in the small marketcap altcoins. Obviously, the market is not going to upward forever and there is an endless correlation between the major cryptocurrencies.

Dragonfund

full member

Activity: 546

Merit: 148

This happens when as a result of inflow and outflow of money from from one coin to another. Since bitcoin has potential of making gains and widely traded and accepted than altcoins, some traders who like to make some quick gain tend to push and move their money into Bitcoin, that's why you often see this altcoins depreciate when Bitcoin is growing.
The current trend isn't like 2017 where almost all altcoins ( shitcoins included) were pump without any real use case, I think 2020 is one of the year we see real coins and project adoption, unlike in the past when project make promises that are always dead on arrival.

DU18

sr. member

Activity: 1694

Merit: 268

Binance #SWGT dan CERTIK Audited

price movements in the market are of course very much influenced by the volume of demand and supply so that if many investors or traders sell their altcoins it will certainly have an impact on the decline in altcoin prices, and as well if investors prefer to exchange altcoins for bitcoin and this will certainly trigger an increase in bitcoin prices because basically in crypto trading there are still economic laws.
and now it seems that the dominance of bitcoin will be greater than that of altcoins so it is not surprising that the price of bitcoin continues to increase but some altcoins have even decreased in price.

gaston castano

sr. member

Activity: 1526

Merit: 251

not really, some altcoin still follow btc. there's no good reason they all do. When the price of BTC started to rise, the alt holders sold all of their tokens? I do not think so. So that's not the main reason why some altcoins go down when btc starts going up quite high.

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: Dondeon on December 20, 2020, 01:46:00 PM

I guess it is no news anymore that whenever bitcoin is surging, all money goes into bitcoin which in turn make altcoins to dump so easily. It is always advisable that any time bitcoin is pumping, we should avoid getting into alts except you are ready to hold for long.

In the past when ever there was a big rally in BTCitcoin the entire alt market would see a major correction only because majority of the users would sell their coins to ride the rally but this time there is a difference because ETH is expected to rally and touch its all time high valuation because of their upgrade and till now we have witnessed that the alt market was rallying along with BTCitcoin.

Dondeon

member

Activity: 118

Merit: 11

I guess it is no news anymore that whenever bitcoin is surging, all money goes into bitcoin which in turn make altcoins to dump so easily. It is always advisable that any time bitcoin is pumping, we should avoid getting into alts except you are ready to hold for long.

JTripathy

member

Activity: 308

Merit: 10

This is not the reason I think. Also this will be the reason in some cases because if people will invest in BTC then they sell other ALT but we see a huge market impact for ALT coin. There are some calculation and research. This thing always happen when Bitcoin goes up, we see affect on Altcoins.

ardentvolcanoes

sr. member

Activity: 1050

Merit: 252

Quote from: BitcoinPanther on December 20, 2020, 12:57:14 PM

Quote from: iamylee on December 20, 2020, 06:55:54 AM

Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?

Not entirely true, those who sold their altcoin are only those who wanted to join the bitcoin surge but doesn't have extra fund to do so but those who have money, they never sell their altcoin just for joining BTC trend's sake.

True, there are still investors who stand to this momentum, instead of selling their assets and jumped to bitcoin they choose to stay and keep their coins,

If they have spare money then they'll invest it separately with bitcoin and enjoy keeping their alts and wait for the trend to favor them before selling it

with a much decent profits.

BitcoinPanther

hero member

Activity: 1918

Merit: 564

Quote from: iamylee on December 20, 2020, 06:55:54 AM

Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?

Not entirely true, those who sold their altcoin are only those who wanted to join the bitcoin surge but doesn't have extra fund to do so but those who have money, they never sell their altcoin just for joining BTC trend's sake.

trauchot

member

Activity: 1764

Merit: 10

I would not say that, usually when bitcoin rises then altcoins also start to rise in price, but there were cases when only bitcoin was growing in price and altcoins did not grow in price at all, and sometimes it also happens that bitcoin falls and altcoins not, such cases have been noticed many times, so bitcoin does not always set the growth or fall movement for altcoins.

bttmember

member

Activity: 938

Merit: 13

AMEPAY

Quote from: iamylee on December 20, 2020, 06:55:54 AM

Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?

Yes that does happen and that is the readon why bitcoin market volume and deminancy is increasing.
Regarding price I think alts are doing good in terms of fiat so still not a bad hold.

Argoo

sr. member

Activity: 2464

Merit: 252

Quote from: Bitstar_coin on December 20, 2020, 09:15:25 AM

The fear of missing out (fomo) is real and is the main reason why many alts holders sell their alts during times like this to follow the btc price pump, it is very difficult for some people to just stay on the side line to watch while btc surge so high, it is all about taking risk and getting in on time to catch the momentum, it is an opportunity for many to recuperate their loss from alts, this happens in most cases.

Bitcoin has reached a price of $ 23,826 and now a very interesting situation is developing, which is very similar in appearance to December 2017. Three years ago, bitcoin began to fall sharply in price after a while. This time, in theory, bitcoin should continue to rise in price, but no one knows what will happen in practice. In any case, I would not have risked buying bitcoin at the current high price. As for altcoins, they continue to evolve, even if their price does not rise so quickly.

oHnK

hero member

Activity: 1428

Merit: 574

I don't think so, Overall when Bitcoin has been on the rise since a few months ago, the altcoins I own have shown positive growth too. Even some of the altcoins that I own have gone up to 100% when Bitcoin is experiencing its hype. It is not a benchmark if BTC goes up then Altcoins go down, that's not true. You may see only a few moments, not a period of time that deserves to be an indicator of your opinion.

sana54210

legendary

Activity: 3346

Merit: 1128

There is usually nothing like that at all. Maybe you "think" it happens but by the looks of it most of the time when bitcoin rises, alts rise with it as well, so there is nothing like a "bitcoin rises, alts fall" type of situation anywhere at all. Obviously this doesn't mean that never happens, of course there are times when bitcoin rises and alts fall but this wasn't one of those days at all, this was a reverse situation where bitcoins increased and alts increased with it.

You could go check coinmarketcap for example and you will see that aside from the stable coins, all other altcoins increased a lot, some even more than bitcoin itself, but almost all of them increased. So this means bitcoin increase does bring altcoin increase with it as well, but usually they happen almost instantly within each other so you can't buy alts after seeing bitcoin increasing.

LimLims

sr. member

Activity: 1204

Merit: 272

1xbit.com

Quote from: iamylee on December 20, 2020, 06:55:54 AM

Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?

Listen dude, the basic answer of your question is that, all the coins which can be considered as Assets follows the trade of Supply And Demand.
If the demand will be more then the supply will be less and this leads to the increase of price.
And as BTC price is rising people are buying it in more demand and also comparatively some are selling the altcoins in order to hold some Bitcoins and we can say for this reason also the price is dropping.
Hope this helps you mate to understand the market with more depth.

martina14

full member

Activity: 1190

Merit: 111

Quote from: Anonylz on December 20, 2020, 07:26:14 AM

Quote from: iamylee on December 20, 2020, 06:55:54 AM

Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?

Yes that's what it is happening in most cases, people sells their alts to ride the price pump of btc and right now I believe same thing is happening, btc dominance is still high it will be difficult for alts to move, the spotlight is on btc at the moment, institutional investors are pumping in, top companies are coming inboard, maybe alts will be next year.

For what is happening so far is the same thing happened for the past 3 years ago. Only their difference was in terms of price Bitcoin right now surpassed 20k plus in USD$. But it was already started now that altcoins season will going to be happen in the near future, but for now most or some of the altcoins are dumped their price while bitcoin was kicked its value in the market.

torrantz

sr. member

Activity: 1063

Merit: 253

Sovryn - Brings DeFi to Bitcoin

Quote from: kkaroul4 on December 20, 2020, 09:21:47 AM

Quote from: iamylee on December 20, 2020, 06:55:54 AM

Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?

Possibly but we don't have any evidence for that well we could just look at the previous scenario when Bitcoin starts to crash on 2017 some people throw their coins to altcoins and the Ethereum got its ATH.

There are lots of evidence for that thing, you can try to see the chart of bitcoin in the past and you should try to create a comparison between the chart of bitcoin compared with the chart of some major coins like ethereum, XRP or litecoin. The rises of bitcoin are giving a huge impact on the price of bitcoin.
I thought that if you have seen ethereum was being pumped due to the bitcoin bullish trend too.

Topic: Bitcoins rise affect on Altcoins. (Read 325 times)