Topic: Bitcoins rise affect on Altcoins. - page 2. (Read 325 times)
This is the bad logic behind the prediction of altcoins in relation to Bitcoin the giant digital currency. Since Bitcoin has the evolution of the first digital currency and it has accepted by the world for its unique features, so it has derived its own value and now reached above $23,000. Again, the altcoins always following the Bitcoin rise as a benchmark like an index in the stock market so it is evident that now or later the altcoins which are legit and front-runner must get appreciation.
Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
Some people are like that, because they also don't want to just ignore this really good moment, and those who like Alt coins also like Bitcoin in general, so it is only natural that they are doing that now. When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their altcoins to go into Bitcoin?
It standardized that when the Bitcoin market pump in price most altcoins experience dump in price and as you said people are selling the altcoin for Bitcoin which is what always transpires in the first phase of the bullish market but some people will be worry which is what you are doing now and this is the right time to accumulate some good decentralized altcoin. When Bitcoin rises, other coins fall because people are selling their altcoins to go into Bitcoin?
there is no doubt about that, but sometimes there are several cases that differ and even exceed the increase experienced by bitcoin, basically bitcoin is too big to dominate the market for now, if the price starts to stabilize a bit chances are that investor momentum to the altcoin is greater.
Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
That's right, this is what makes Bitcoin domination increase,
because many people sell their altcoins and buy bitcoins when fomo like this comes,
this has become a cycle, when the price of Bitcoin goes up, altcoins go down, if bitcoin is sideways you can go to altcoins,
because the potential to go up is very high.
Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
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.
Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
Some times it happens but the situation can be different and it's not always true if people were selling their altcoins for bitcoin. This might happen when the price of bitcoin has dumped so hard. When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
People will be feeling panic when bitcoin gets dumped and otherwise they will try buy more altcoins when bitcoin has pumped.
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.
Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
Bitcoin is the king, Bitcoin is the highest valuable coin in the crypto space hence the reason it is attracting almost all the attention coming into this space, well you can't blame anyone, because they all want to associate themselves with the best. Also, the dominance of Bitcoin is very high nowadays, thus confirming the fact that, a lot of attention is placed on it which comes as a result of people selling their altcoins to be able to gain with Bitcoin, it also comes as a result of institutional investors going huge on Bitcoin. But however, we can't fail to point out that, certain altcoins are not being affected too much, altcoins like Ethereum are still growing with Bitcoin and even though the growth is not massive like that of Bitcoin but Ethereum investors are making their gains. So, what I think is, Bitcoin rise is affecting altcoins, but where the effect is huge on others causing them to dump, on the other hand, the effect is not too much on some altcoins thus giving them room to grow.
Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
Some times it happens but the situation can be different and it's not always true if people were selling their altcoins for bitcoin. This might happen when the price of bitcoin has dumped so hard. When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
People will be feeling panic when bitcoin gets dumped and otherwise they will try buy more altcoins when bitcoin has pumped.
Yes, you are right at present did you see the bitcoin dominance is increasing day by day just because people trust the bitcoin more than any other altcoins so most of the investors want to ride the bullish momentum of the BTC that's why they are moving their investments in bitcoin from altcoins.
Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
Most of the time yes , but not always because sometimes they are also following Bitcoin trend and not all altcoin is affected in Bitcoin price just remember that . Other move to Bitcoin but other use stable coins to secure their money and re-enter again in the market when it is in normal condition again.
Yes. Bitcoin is gaining price on the blood of altcoins and whenever the price of bitcoin decreases, it's the demand of stablecoin that increases, making bitcoin more and more dominant and alts less valuable. On last bull run, the decrease in bitcoin's price was buffered by alts but traders now have much stabler options. Altcoins have failed to act on the manipulative trading stage. Though it doesn't mean they are dead.
Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
It is simple, when Bitcoin rises altcoins prices decrease. Few investors then try to sell their altcoins to Bitcoin to increase their value of investment with the increase of bitcoin price. After few days of pump, they again come back to altcoins.
May be i will happen in some cases but i think when bitcoin price is up then it effects on alts market in a way that alt market also go up or some time stable. Because i noticed when bitcoin price go down sharply then all coins go down with btc price.
Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
Not necessary at all. Look at the dynamics of bitcoin movement from $ 18,000 to $ 20,000. Many altcoins moved with him, albeit at a lower speed, but still they showed significant growth.
For example Ethereum and Litecoin and other coins. Now, most of the growth in bitcoin is tied to the USDT pair, rather than alcoins.
Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
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.
Have some doubt on it,
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
When Bitcoin rises, other coins fall because people are selling their alt coins to go into Bitcoin?
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