Comparison of Bitcoin price fluctuations with other coins. - page 2.

taufik123

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Quote from: barbara44 on January 30, 2022, 01:15:34 PM

Even during the last two bull (in 2017) that he’s talking about I don’t think that the Altcoins started off immediately to increase in value, it still took sometime before the Altcoins started to be bullish. Although there was one coin which started off immediately to be bullish after that bull run happened, and it was Litecoin.

LTC had a really big run than I would have expected, and I expected the same thing to repeat again this time, but it didn’t. I still believe that Altcoins would be bullish anytime soon, so I am going to hold tight on the altcoins that I have invested in till that time comes.

LTC or other altcoins still survive and holding tightly to the altcoins you have is the right choice. because the market will certainly be bullish after the bear market ends. it's just a matter of how to do good management. When bitcoin price fluctuations are very fast, it will greatly affect altcoin price fluctuations and will be more severe than bitcoin.
The current state of the market requires patience and no need to panic too much.

rby

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All the Altcoins use to follow bitcoin movement and fluctuation. Bitcoin us the leader and bitcoin is a greedy leader. Whenever he is making bull run, all the Altcoins don't follow him to make the run. But if he is crashing all the Altcoins follow him.

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So anyway, I applied as a merit source :)

Quote from: Gasty4 on January 28, 2022, 06:49:44 PM

We all know that Bitcoin price do affect the general crypto market which makes it a superior above every other coins or tokens in the market. When the Bitcoin price falls, all other tokens and coins will fall too due to strong affiliation of Bitcoin to the crypto market.

Most altcoins came in the market after BTC funded them through their investors. So its a sentimental value which exists.

After that the altcoins were expected to do something that will allow users to do something different and new, but of course that never happened so they remains pump and dump schemes and being funded by bitcoin, they follow bitcoin's price changes.

If any altcoin could have solved a real life problem then that coin would have become a different entity and bitcoin would seen a competition but that is rarely the case now. Any project that attempts to copy what bitcoin has been ends up the same way.

So folks, buy bitcoin and hold for long.

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Quote from: Hsibalimrn on January 05, 2022, 01:24:41 PM

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

Yes, they all have a relationship with Bitcoin’s price fluctuation, coins like Ethereum, Litecoin and a lot of them relates with the price of Bitcoin. That’s why you would see almost all the alternative cryptocurrencies you would find in the market going down when Bitcoin is going down and also when bitcoin starts to be bullish, they start being bullish.

It’s called price correlation and the level at which a coin correlates with Bitcoin varies, there are some of them that correlates 100% with Bitcoin, such as Wrapped Bitcoin, it has hundred percent correlation and always maintains the same price with Bitcoin. There are also coins that don’t have much or no correlation at all.

barbara44

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Quote from: taufik123 on January 29, 2022, 02:49:23 PM

this indicates the bear market is still continuing. All altcoins need room for price recovery, because bitcoin is unstable, of course altcoins are still going down and some are still trying to fix prices.
some investors have also started to enter.
However, Bitcoin dominance is still strong, still in the 41% area and this is still quite high, so that altcoins have not fully recovered their prices.

Even during the last two bull (in 2017) that he’s talking about I don’t think that the Altcoins started off immediately to increase in value, it still took sometime before the Altcoins started to be bullish. Although there was one coin which started off immediately to be bullish after that bull run happened, and it was Litecoin.

LTC had a really big run than I would have expected, and I expected the same thing to repeat again this time, but it didn’t. I still believe that Altcoins would be bullish anytime soon, so I am going to hold tight on the altcoins that I have invested in till that time comes.

pressing207

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In any case, bitcoin will be the basis of the market. Most people do not suspect the meaning of blockchain technologBitcoin-based technologies are dead today. It exists only for the sake of the name (trademark).ies. Bitcoin is a household name. https://www.youtube.com/watch?v=30B0NLN83lY

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Quote from: nelson4lov on January 05, 2022, 06:48:29 PM

It's a known fact that altcoins prices correlate with that of Bitcoin. The common understanding of this is that since altcoins are traded via abc/BTC (where abc is the altcoin) pairs, when Bitcoin prices dips, altcoins dip too due to the effect that is created with the pairs.

The only time I haven't seen Bitcoin having much influence on the price of an altcoin is when they don't have pair with Bitcoin on any exchange. I have seen tokens that don't have Bitcoin trading pairs yet and they don't get influence by Bitcoin movement directly but still when the whole market is taking a hit because of Bitcoin decrease they still get affected but on a less harsh rate.

Overall Bitcoin controls the market and this isn't just because of the trading pairs of the market but because the whole industry is built around Bitcoin. For the industry to be progressive, bitcoin has to be doing well. It's unlikely for Bitcoin to be on a decrease and other altcoins are progressively increasing unless they're been pumped by certain factors and aren't genuine growth from the market and usually this spikes don't last.

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Quote from: AicecreaME on January 26, 2022, 09:32:29 AM

Bitcoin is their origin, that's why altcoins follow bitcoin on whatever trend it will make. Bitcoin is the dictator of the market, if it falls down, the rest will fall down as well. They have their own season but mostly, altcoin will definitely follow Bitcoin movements. Sometimes there are some coins that's not affected, I mean they are not instantly fall down when Bitcoin falls down but they will do the same thing after some days or weeks, it depends.

Most of the time it does but when the market is just too big for some cryptocurrencies, some of them don't follow bitcoin. I do see this pattern though and I agree that most if not all do follow bitcoin. I think that it's all psychology, probably because we've tied it for a really long time with bitcoin, we always think that the market will plunge when bitcoin is in red.

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I am also one to those who responded that Bitcoin price fluctuations affect the crypto market as a whole, and so other coins are also experiencing fluctuations for sure. And given the high influence of Bitcoin, which most likely its price is the basis of investors their next market decision, then it is not surprising how it impacts the value of the altcoins. Hence, it could either make investors to stop any investment decision for the mean time, or switch to other coins for the time being just like what happened before.

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Quote from: palle11 on January 28, 2022, 06:46:30 PM

The different scenario is what we have not seen yet this season. Now btc is down and the general market is down but this was not like that in the past bull in 2017 as soon as bitcoin started dropping, the altcoins started riding up because investors took money out from btc and invested in altcoins. Exactly the expectation this year but it is yet to happen, the both markets are still down.

this indicates the bear market is still continuing. All altcoins need room for price recovery, because bitcoin is unstable, of course altcoins are still going down and some are still trying to fix prices.
some investors have also started to enter.
However, Bitcoin dominance is still strong, still in the 41% area and this is still quite high, so that altcoins have not fully recovered their prices.

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Quote from: Hsibalimrn on January 05, 2022, 01:24:41 PM

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

We all know that Bitcoin price do affect the general crypto market which makes it a superior above every other coins or tokens in the market. When the Bitcoin price falls, all other tokens and coins will fall too due to strong affiliation of Bitcoin to the crypto market. We a know that Bitcoin is the king here, so no need to create much contention.

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Quote from: Vaculin on January 27, 2022, 03:45:07 PM

But in some cases, different scenario happens. Like if we are having a bull run, bitcoin price goes up, while altcoins fall down. But mostly, they all rise and fall together. And the current market situation is a perfect example for it as their prices go seemingly together.

The different scenario is what we have not seen yet this season. Now btc is down and the general market is down but this was not like that in the past bull in 2017 as soon as bitcoin started dropping, the altcoins started riding up because investors took money out from btc and invested in altcoins. Exactly the expectation this year but it is yet to happen, the both markets are still down.

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Quote from: tvplus006 on January 28, 2022, 05:00:24 PM

Quote from: Vaculin on January 27, 2022, 03:45:07 PM

Bitcoin and altcoins are said to rise and fall simultaneously. This is because bitcoin always take the lead and receives higher recognition compared to other coins. But in some cases, different scenario happens. Like if we are having a bull run, bitcoin price goes up, while altcoins fall down. But mostly, they all rise and fall together. And the current market situation is a perfect example for it as their prices go seemingly together.

With the rapid growth of the price of bitcoin, the price of altcoins in relation to BTC decreases, but at the same time it still increases in relation to the dollar. This is because capital is flowing from altcoins to BTC. But when the price of BTC falls, first of all investors sell altcoins, as they have high volatility.

Investors consider Bitcoin as there basis on buying and selling altcoins, the market downs if Bitcoin is down and the best thing to do for them is to sell their altcoins and convert it into USD and buy BTC later on. This has been the trend, we always follow Bitcoin and it influences the whole altcoin market, this will be the trend forever I guess.

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Quote from: Vaculin on January 27, 2022, 03:45:07 PM

Bitcoin and altcoins are said to rise and fall simultaneously. This is because bitcoin always take the lead and receives higher recognition compared to other coins. But in some cases, different scenario happens. Like if we are having a bull run, bitcoin price goes up, while altcoins fall down. But mostly, they all rise and fall together. And the current market situation is a perfect example for it as their prices go seemingly together.

With the rapid growth of the price of bitcoin, the price of altcoins in relation to BTC decreases, but at the same time it still increases in relation to the dollar. This is because capital is flowing from altcoins to BTC. But when the price of BTC falls, first of all investors sell altcoins, as they have high volatility.

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Quote from: AicecreaME on January 26, 2022, 09:32:29 AM

Bitcoin is their origin, that's why altcoins follow bitcoin on whatever trend it will make. Bitcoin is the dictator of the market, if it falls down, the rest will fall down as well. They have their own season but mostly, altcoin will definitely follow Bitcoin movements. Sometimes there are some coins that's not affected, I mean they are not instantly fall down when Bitcoin falls down but they will do the same thing after some days or weeks, it depends.

Bitcoin and altcoins are said to rise and fall simultaneously. This is because bitcoin always take the lead and receives higher recognition compared to other coins. But in some cases, different scenario happens. Like if we are having a bull run, bitcoin price goes up, while altcoins fall down. But mostly, they all rise and fall together. And the current market situation is a perfect example for it as their prices go seemingly together.

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Quote from: 24Kt on January 24, 2022, 05:25:37 PM

Quote from: lesjokolat on January 22, 2022, 02:47:31 PM

I believe most Altcoins have a tendency to follow.

BTC is the leader the rest follow...

Just compared BTC to a few other cons the last 3 months.

The % drops are pretty close for all these coins selected...

https://exwhere.com/compare/btc-eth-xrp-ltc/oct-21-2021-to-jan-21-2022

You can easily check the btc price movement and compare it with other top alts, if you view for example the crypto prices in coindesk. You can see the overview of the trend movement, and you will say a lot of these alts are indeed following the movement of bitcoin. But for small cap coins and unfamiliar projects, don't expect that it will follow the btc performance as some of them has their own movement especially if the team is playing the pump and dump game.

From my little experience as a crypto trader most of the top crypto/USDT pair shares almost the same candlestick patterns with BTC/USDT, and possibly similar price movement though most of these Altcoins lag a bit in terms of movement compared to bitcoin, thus I find it easy to do my analysis, whenever I did the an analysis for BTC/USDT it makes it easier for me to pick any other pair with a high volume and market Capitalization for trading thus will produce the same result, moreso once bitcoin is trending positive on the binance App other Altcoins will indicates Positive too vise versa.

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Quote from: worle1bm on January 26, 2022, 02:05:57 AM

Most of the altcoins follow bitcoin rally but past day only btc was in green charts and rest most of the alts were still in bloodbath.The past few days have been worse for the market and all the coins have shown negative growth and still little positive signs are on the way.If see bitcoin moves upwards then most of the other coins will also goes with the flow as it's most traded pair along with USDT and can be easily converted to fiat.

Check this article for getting an idea about it : https://coinmarketcap.com/alexandria/article/does-bitcoin-really-lift-the-altcoin-market.

Yes, I saw that last time, btc left other coins behind but you did not notice that some alts show an increase while btc is down, that also happen last time. This events tells us that every coins do also have their own life and not only depending on each other.

A little positive sign is still better than nothing at all, at least we know that there is still a chance that they can go back to normal. It gives a hope to not give up and make us invest more during this dumped season. If I can compare the fluctuation of bitcoin to other coins id say that btc can fluctuate more because that is what I noticed but other coins hardly ever fluctuate , which makes alts are good for investing while btc works best in trading.

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Bitcoin is their origin, that's why altcoins follow bitcoin on whatever trend it will make. Bitcoin is the dictator of the market, if it falls down, the rest will fall down as well. They have their own season but mostly, altcoin will definitely follow Bitcoin movements. Sometimes there are some coins that's not affected, I mean they are not instantly fall down when Bitcoin falls down but they will do the same thing after some days or weeks, it depends.

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Quote from: tvplus006 on January 25, 2022, 05:30:34 PM

Quote from: savetheFORUM on January 16, 2022, 02:11:58 PM

In my opinion as well, altcoins are not having their own way of price movement but they are simply following bitcoin market; an altcoin's market movement can be directly proportional to bitcoin or invertably proportional to bitcoin market but when there will be a significant chance in bitcoin market then that will reflect in all altcoin's market...

Since bitcoin has less volatility compared to altcoins, when the market is dumped, its price decreases less than the altcoin price. Therefore, in a bear market, investors sell their assets and buy BTC. But with a bull market, good altcoins have more chances to surpass bitcoin in profit.

That's why we must be able to make the right decision according to the conditions at that time so that it can generate profits,
even so making a decision is also not an easy thing we need to research the coin and the market first and that is the important thing

worle1bm

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Most of the altcoins follow bitcoin rally but past day only btc was in green charts and rest most of the alts were still in bloodbath.The past few days have been worse for the market and all the coins have shown negative growth and still little positive signs are on the way.If see bitcoin moves upwards then most of the other coins will also goes with the flow as it's most traded pair along with USDT and can be easily converted to fiat.

Check this article for getting an idea about it : https://coinmarketcap.com/alexandria/article/does-bitcoin-really-lift-the-altcoin-market.

Topic: Comparison of Bitcoin price fluctuations with other coins. - page 2. (Read 599 times)