Bitcoins rise affect on Altcoins. | Bitcointalksearch.org

torrantz

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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

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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.

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

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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

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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

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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

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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.

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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

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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

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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.

Btra

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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.

rahmatullah9305

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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?

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.

posi

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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 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.

Maxre

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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.

kapalmabur

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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?

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.

kkaroul4

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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.

kpierce77

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Quote from: Iyeman on December 20, 2020, 08:49:46 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?

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.
People will be feeling panic when bitcoin gets dumped and otherwise they will try buy more altcoins when bitcoin has pumped.

Some of the prices are influenced by trends to be honest here. so when bitcoin has the momentum to go up, altcoins will react. of course by showing price movements that are almost similar to bitcoin but not significant

Bitstar_coin

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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.

Shallow

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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?

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.

Iyeman

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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?

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.
People will be feeling panic when bitcoin gets dumped and otherwise they will try buy more altcoins when bitcoin has pumped.

gurunanakji777

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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.

Kupid002

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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?

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.

covfefe_

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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.

bitbit20

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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?

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.

mianvicky1

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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.

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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 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.

Anonylz

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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.

iamylee

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

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