Comparison of Bitcoin price fluctuations with other coins. - page 3.

tvplus006

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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.

24Kt

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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.

TheUltraElite

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So anyway, I applied as a merit source :)

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?

Consider the altcoins, they dont have any literal use case of their own in most cases and they all have been funded by bitcoin or ethereum maximally. They dont solve any problem that bitcoin does and neither have they got any sort of mainstream attention by doing something new that bitcoin has not done. There is a lot of market sentiment associated with this.

Hence it becomes obvious that whenever bitcoin starts a movements, the altcoins will follow it. Opposite is not true, unless it is an altcoin that is well known, like litecoin.

When trading place your buy orders on an altcoin that you might want to buy when bitcoin is dropping, because the altcoin will follow similar trends.

lesjokolat

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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

savetheFORUM

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Quote from: Dave1 on January 15, 2022, 06:40:24 AM

there could be some who argue that it's not, that altcoin has it's own price movement. Maybe a tiny percentage though, specially those meme and shit coins who are being used for price manipulations, i.e. pump and dump scheme.

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.

At the same time when a altcoin market is into high level of manipulation then it will be having completely different market movements from bitcoin because when manipulations are happening such altcoins will not have significant volume which helps them to be pumped or dumped at any extreme levels easily.

Dave1

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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?

It's obvious, just look at all the trading pair, is btc/altcoin so whatever btc price movement is, every altcoin is going to be affected and we've seen this relationship for so many years now that it's safe to conclude that they have.

But there could be some who argue that it's not, that altcoin has it's own price movement. Maybe a tiny percentage though, specially those meme and shit coins who are being used for price manipulations, i.e. pump and dump scheme.

kapalmabur

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Quote from: Issa56 on January 14, 2022, 07:05:34 PM

In my own opinion I believe bitcoin controls the market, whenever bitcoin pumps most of other altcoins also pump and whenever bitcoin dump most of other altcoins also dump. Bitcoin is the master of cryptocurrency and it controls the market that's why it will be rear to see a coin pumping whenever bitcoin is dumping hard. I don't say there are not some coins that will still pump but they are very rear.

The reality is that's how it is in the market and some altcoins rely on Bitcoin,
that's why I think Bitcoin is the king of crypto,
let's see what will happen later and follow the movement and development of Bitcoin

aranacj

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Bitcoin has the most biggest market cap.

By talking about it's market cap, it does have a great impact to other crypto assets volatility.
If BTC moves everything will move together with it, aside from projects where community is so strong enough and choose to hold their assets.

Also, check shit coins they usually don't move together with BTC, since people who bought it
doesn't actually care about the crypto as whole
and tends to think that BTC is the shit coin and not the ones their holding or buying.

TheGreatPython

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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?

Other coins are being valued in BTC hence they are deeply related to bitcoin's fluctuations but that doesn't mean bitcoin's market volatility got any relation with any of altcoin. Bitcoin do trade based on its fundamental and all other world's crypto related news as far as I have experienced with it.

Quote from: ?? on ??

If bitcoin is going up then we see the connection that many altcoins are also moving up.

Yeah, most altcoins do not have any of their own way of market direction and always depending on bitcoin. Hence, there will be no point of comparing bitcoin's market fluctuations with altcoins.

Shasha80

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Quote from: Issa56 on January 14, 2022, 07:05:34 PM

In my own opinion I believe bitcoin controls the market, whenever bitcoin pumps most of other altcoins also pump and whenever bitcoin dump most of other altcoins also dump. Bitcoin is the master of cryptocurrency and it controls the market that's why it will be rear to see a coin pumping whenever bitcoin is dumping hard. I don't say there are not some coins that will still pump but they are very rear.

Because until now Bitcoin is still in the top position and Bitcoin dominates the market, therefore the price of altcoins is usually affected
by the movement of Bitcoin. So when we are going to decide to invest in altcoins it is very important to see the movement of Bitcoin as well,
as you said it is very rare that altcoins can pump when the Bitcoin price dumps. It is very natural that Bitcoin is very influential on
the crypto market, because in addition to Bitcoin being the first crypto coin, Bitcoin does have the most supporters in the crypto world.
So if there are people who don't invest in Bitcoin, it's very unfortunate, because besides Bitcoin is the best asset so far, Bitcoin is also
the safest to buy. Because no matter how deep the Bitcoin dump is, it will always be able to go up again and even reach a higher price.

Issa56

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In my own opinion I believe bitcoin controls the market, whenever bitcoin pumps most of other altcoins also pump and whenever bitcoin dump most of other altcoins also dump. Bitcoin is the master of cryptocurrency and it controls the market that's why it will be rear to see a coin pumping whenever bitcoin is dumping hard. I don't say there are not some coins that will still pump but they are very rear.

checkmatesir

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$CYBERCASH METAVERSE

Exactly Yes you are right there are so many fellows who have such a notion related to the price of bitcoin as well as other coins actually bitcoin is really good coin so if it goes down then those who have buy it will be in great loss but the fact is that each and every coin will be goes along the situations of up and down. It is closely related the whenever the price or worth of bitcoin decreases so keep in mind that other coins will also be decreases.

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win lambo...

Quote from: DoublerHunter on January 08, 2022, 05:05:32 PM

Quote from: zulfi125 on January 07, 2022, 12:14:13 PM

No doubt other altcoins prices are linked with Bitcoin because Bitcoin is the first altcoin and major currency in the cyrpto market so most of the other altcoin up and downs with the price of Bitcoin but not all altcoins related to Bitcoin price some coins have not been affected by Bitcoin price up to and down.

^ Wait, what?
I think you need to understand first about BTC and how it will work, this is not an altcoin in the first, BTC is the pioneer cryptocurrency that until now has been existed because the real meaning of decentralizing was here. The altcoins price was relying upon BTC because the major trading activities are using BTC, when you buy and sell altcoins, you need to use BTC upon withdrawing the fund and converting into fiat. So it is possible that the BTC fluctuation will be the same as the altcoin because altcoin will follow it, not unless if you have a stable coin which is will not follow the BTC price.

Not all the time that I use BTC to withdraw my funds out from the exchanger due to huge fees and it has never been found to be an issue how it influences the market. As naturally, once Bitcoin is declining, altcoins are into following the same path, we can see this even before and had nothing it changes until now. That makes no reason why we have to be surprised by all these things as this was the nature of the market and no matter what we do, in fact, whales can't take control of this.

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Quote from: zulfi125 on January 07, 2022, 12:14:13 PM

No doubt other altcoins prices are linked with Bitcoin because Bitcoin is the first altcoin and major currency in the cyrpto market so most of the other altcoin up and downs with the price of Bitcoin but not all altcoins related to Bitcoin price some coins have not been affected by Bitcoin price up to and down.

That is not the only reason, the main reason why this happens is that the market cap of altcoins is wildly exaggerated, meaning that the dominance bitcoin has over this market is way higher than what it may seem at first sight, and with this being the case then when bitcoin makes a movement then almost all altcoins move as well as they are too small to resist to pull that bitcoin generates, causing the high correlation we see between bitcoin and altcoins.

DoublerHunter

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Quote from: zulfi125 on January 07, 2022, 12:14:13 PM

No doubt other altcoins prices are linked with Bitcoin because Bitcoin is the first altcoin and major currency in the cyrpto market so most of the other altcoin up and downs with the price of Bitcoin but not all altcoins related to Bitcoin price some coins have not been affected by Bitcoin price up to and down.

^ Wait, what?
I think you need to understand first about BTC and how it will work, this is not an altcoin in the first, BTC is the pioneer cryptocurrency that until now has been existed because the real meaning of decentralizing was here. The altcoins price was relying upon BTC because the major trading activities are using BTC, when you buy and sell altcoins, you need to use BTC upon withdrawing the fund and converting into fiat. So it is possible that the BTC fluctuation will be the same as the altcoin because altcoin will follow it, not unless if you have a stable coin which is will not follow the BTC price.

palle11

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Quote from: ?? on ??

Even if you look at the rate of bitcoin and other coins now, you can already draw conclusions.

So what is the conclusion that you have drawn yourself ?

The price of bitcoin fluctuations is never to be compared to altcoins and from the look so far with the recent dip of bitcoin, the volatility of every coin is dropping likewise.

tygeade

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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?

The influence of bitcoin prices in other coins is obvious as all other coins are getting their value in terms of bitcoin and when bitcoin is rising then most coins will diminish and also when bitcoin is falling then most altcoins will fall but when bitcoin is trading in range bound then altcoins may rise. But, these are based on observations and there will be limitation for these to remain true all the times.

Except few altcoins, all others are lagging in decent volume which is the reason they do get manipulated easily. In such cases, we cannot expect any relation between bitcoin and altcoins.

zulfi125

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No doubt other altcoins prices are linked with Bitcoin because Bitcoin is the first altcoin and major currency in the cyrpto market so most of the other altcoin up and downs with the price of Bitcoin but not all altcoins related to Bitcoin price some coins have not been affected by Bitcoin price up to and down.

Natalim

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BTC to the MOON in 2019

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?

Perhaps, you were right. What will happen in the market price especially for Altcoins will it rely upon Bitcoin and that was pretty obvious to see. Bitcoins have dominated the market, the was the fact. That is why if I'll go to buy some altcoins, I'd make an analysis based on the trend of Bitcoin.

Their connection is somewhat obvious to see but along with that looks and its influences on the market it cannot save projects that are worthless, they still die and are gone forever.

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Quote from: palle11 on January 06, 2022, 06:43:35 PM

Altcoins follows bitcoin movement truly but not all the time. Like in 2017, there was a time that bitcoin dropped after the ATH then but altcoins started a rally that got many coins to ATH. The rise and fall of bitcoin affects altcoins yes but at other instance it may happen that there will be altcoin season and they will keep increasing while bitcoin will stay movement sideways.

That is true, I remember last year also when bitcoin rallied to certain extent and having a dominance of almost 70% but later bitcoin price was not increasing but altcoins season started, this reduce bitcoin price from as high as 68% to less than 50%. I read a post at that time on this forum that this also has before happened in 2017. But the case is mostly all altcoins moving in the direction bitcoin is moving but to greater level for altcoins.

Topic: Comparison of Bitcoin price fluctuations with other coins. - page 3. (Read 599 times)