Connection between when Bitcoin going up Altcoin going down? - page 2.

cryptofirm

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Quote from: Thenuka99 on December 07, 2017, 02:40:11 PM

This is something I never could understand, what is there connection really? Every time we see BTC going up most of other ALT coins on the market showing red, value percentage going down, what is that about?

simple,, because all funds from altcoins move to bitcoin,,
so, when people sell altcoin for bitcoin in huge, the price will be down

qazgroup

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RiveMont

Basically the connection is with usd, the bitcoin value of the altcoins is decreasing but in terms of usd it remains about the same, so I think market works predominantly in terms of usd.

indrakusumaindra

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Quote from: Thenuka99 on December 07, 2017, 02:40:11 PM

This is something I never could understand, what is there connection really? Every time we see BTC going up most of other ALT coins on the market showing red, value percentage going down, what is that about?

i think its basically only where to invest. it happen quiet often. every time bitcoin rise altcoin seems going down and opposite. i think its only market appetite. its especially happen to ETH which is eth is the second of the best coin in the market.

Minor Miner

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The market of altcoins reacts very sharply to BTC volatility. When bitcoin rises in price every altcoin becomes cheaper - this is logical, because their price is expressed in relation to bitcoin. But when bitcoin becomes cheaper, the whole market is in panic and altcoins drop in price even more.

aldrin6697

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It is changing investments from less risk to profit. Bitcoin is constantly increasing in value making investors from altcoins to transfer to bitcoin this is most especially to those who are new in the league.

pey

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Who says there is a connection, it is like a financial markets not predictable, sometimes they all increase together, or bitcoin decrease others rise or fall...

criticoflife

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Quote from: Thenuka99 on December 07, 2017, 02:40:11 PM

This is something I never could understand, what is there connection really? Every time we see BTC going up most of other ALT coins on the market showing red, value percentage going down, what is that about?

It's just people jumping on the bitcoin gravy train and dumping all there other coins in the hope that they can buy more of the altcoins back afterwards after bitcoin makes them some gains. I am tired of this current bitcoin bullish rise affecting all my alts values i hope it ends sometime shortly. On the bright side there are some extremely good altcoin prices right now, i think bitcoin must be near plateauing for the current period so we have a big chance to make some good earns soon!

hadisaw

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It can be said that people sell their altcoin as soon as possible in order to make a profit by holding btc. That's a natural thing if you're an old player in the world of cryptocurrencies.

jonnybravo0411

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Quote from: Thenuka99 on December 07, 2017, 02:40:11 PM

This is something I never could understand, what is there connection really? Every time we see BTC going up most of other ALT coins on the market showing red, value percentage going down, what is that about?

Do you think that there is a relationship or is it just an accident. Yes, people sell, but not all and not a lot, but the Altcoin are always in the trend, because it's first competitor worthy and secondly it's dynamic and fresh.

rurubot

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One of the theories is Bitcoin's price is inversely proportional to altcoin's price. As the value of bitcoin inceases, altcoins value decreases due to the decisions of some altcoins' users to transfer over bitcoin. But that is not always the scene.

Ryan Dugan

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Quote from: Thenuka99 on December 07, 2017, 02:40:11 PM

This is something I never could understand, what is there connection really? Every time we see BTC going up most of other ALT coins on the market showing red, value percentage going down, what is that about?

It doesn't always. Sometimes altcoins go up along with bitcoin. It is all very complicated and there are so many reasons that altcoins can go up and down but I don't think you should group all other coins in one group and talk about them all just calling them "altcoins" they are all seperate coins so having just 2 groups (one being btc one being altcoin) is not really fair.
I will say it is stramge that lately it seems the price of many alts are going down. Maybe people want to sell them to get the btc that is worth so much now but I don't see the point you don't need to sdell your alts when they have good bitcoin value because you can sell them when you want.

kryptqnick

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Quote from: Catmony on December 07, 2017, 03:44:55 PM

We only have alts to bitcoin trading pair, only few alts have fiat pairs so basically all altcoin's price depends upon bitcoin. When bitcoin will surge people will sell their alts to get bitcoin so that they can sell at higher price on end of the surge.

This is the only reason behind pump and dump relation between bitcoin and other alts.

I think that's wrong. If you look at the charts you'll see that sometimes alts go down when btc rises and sometimes they go up. When bitcoin is down alts can also go up or down. It is all up to people and they have different mood. I think altcoins depend more on the specific markets and news about some updates. Yet most of the time I guess it's impossible to determine why the coin is rising. For instance, why did bitcoin cash pump a lot about 2 weeks ago? Why is litecoin suddenly so up? How comes people started noticing that IOTA is a good project? We don't have answers here. I think a lot of that can't be predicted in advance and sometimes is even never explained.

siddartha1492

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I think it is simple market economics. If one thing is selling in large volumes, then it automatically affects other things. When the market is bullish then it attracts even more money, because of which people have less money to spend on other options (alts). And when these other options are in less demand, then their prices automatically fall.

jackolinyoko

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Theres a lot of factors to be considered,a lot of investors from wallstreet are joining our community thats why the BTC surges up and still rallying right now,alts are bleeding because they are measured in satoshi which is from the BTC,hence increasing or decreasing the BTC price will bleed the alts and if the BTC stabilized the alts will grow.

biletskiy

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Quote from: Thenuka99 on December 07, 2017, 02:40:11 PM

This is something I never could understand, what is there connection really? Every time we see BTC going up most of other ALT coins on the market showing red, value percentage going down, what is that about?

When the tendencies on the market change, redistribution of resources happen. Money flow in the most profitable, reliable assets. For now this is Bitcoin. With the time some others cryptos will become quite powerful to influence on the BTC price.

Thenuka99

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Quote from: MyOddz on December 07, 2017, 03:42:27 PM

i think in part because the ethereum network has been extremely slow due to kitties so people are coming out of eth for that reason and pumping in to bitcoin today. mad gains and drops.

Ethereum may be slow, but Blockchain is now slower, over 212,000 unconfirmed transactions now. and Ethereum network is it really about those kitty thing? May be too many airdrop tokens blocking the network. just a thought. seeing how many airdrops comes everyday, I think it may cause some part of the problem.

Raskolhnikov1

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Quote from: MyOddz on December 07, 2017, 03:42:27 PM

i think in part because the ethereum network has been extremely slow due to kitties so people are coming out of eth for that reason and pumping in to bitcoin today. mad gains and drops.

lol
Damn you fucking kitties

Quote from: rmilly on December 07, 2017, 03:35:19 PM

I think the simplest explanation would be to think about human behavior. When BTC goes up, more people want to take their resources to buy more btc. When it falls, people sell/hodl and then have extra capital to put into alts.

Actually, this is due to speculation, i see the big increase of bitcoin price, in its greater proportion, due to the new investments, however, this great flow is accompanied by speculators who move their investments from altcoins to bitcoins, accentuating the rise and causing a general drop of alts.

Thenuka99

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Quote from: oddwh on December 07, 2017, 02:44:22 PM

I guess it's because people are selling their coins to go on BTC train.

There was this kind of situation in the 2013 bubble, and when the BTC bubble popped, some altcoins did a x10 vs BTC, some others a x100. That was crazy Tongue

Maybe, we'll see this situation again, let's see...

That's what worries me , this current situation in BTC sure seems like a bubble about to popped. May be won't , but this unbelievable rising. to top it all we cannot do any transactions, Blockchain is completely overloaded. Blocked! not sure we'll have to hold without doing anything until it drops to nothing. or may be it keep going up. so unpredictable .

Thenuka99

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Quote from: Raist on December 07, 2017, 02:45:05 PM

Imagine a race with the coach. The coach sometimes runs faster, sometimes slower. Sometimes forward, sometimes backwards. Students try to run alongside. When the coach makes a quick speed-up, all students are a bit late, and a gap is formed between them. Some students fall to the ground and never get up. Newbies coming ...

This is a great example to understand the connection. Thank you for the explanation. some students fall to the ground and never give up. so this is the situation of the ALT coins. their prices may go down, but they are in the market, keep trying to push up . cool.

CryptoBuds

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It very a simple and obvious dependence. If community believes that BTC price will raise people try to sell their alts and get more btc asap.

Topic: Connection between when Bitcoin going up Altcoin going down? - page 2. (Read 785 times)