Topic: Connection between when Bitcoin going up Altcoin going down? - page 3. (Read 785 times)
It not just people trying to hop on BTC train. Altcoin value expressed as bitcoins. So when btc price rises if the amount of btc for that coin stays constant, its value rises too. People sell their alctoins till equilibrium point.
Alts arent doing so hot right now because people are dumping alts to candle chase btc. If btc goes down alts may recover
When Bitcoin starts going up all the people just try to get on the Bitcoin train and just sell off all their investment and invest all of their money in Bitcoin for short term gain, that's the reason why altcoins go down when btc starts pumping.
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.
It seems to me that this is not quite so, because such a correlation did not happen only after the kitties appeared. I, too, are more inclined to the majority of opinions that the demand for bitcoin rises and, accordingly, the price too.
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.
This is the only reason behind pump and dump relation between bitcoin and other alts.
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.
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.
Its just as simple as people sellong their alt coin to get bitcoin and then selling bitcoin at the high rate that it is now to fiat. Pretty straight forward and logical why... Some coins can with stanf it some cant... I see ethereum didnt do to bad this last climb it stayed relatively the same. DeepOnion remianed the same... People obviously never wanted to let go that easy 
thats because 90% of altcoins are traded against btc , so when the value of btc rises altcoins remain the same
earning less btc when traded
earning less btc when traded
When bitkoyn grows in price, it means that the demand for it rises, which means that people invest in it more. Investing always happens either by removing certain amounts from the Altkoks, that is, by selling them, or this investment occurs instead of, in the usual situation, investing them in altcoyins. As a result, it turns out that the partial sale of altkoynam or insufficient investment in them lead to the fact that when bitkoyn goes up, altkoyin drop.
Is a supply and demand of both coins . As more people demand bitcoins, less people show interest in Altocoins hence the inverse relationship.
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 ...
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
Maybe, we'll see this situation again, let's see...
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
Maybe, we'll see this situation again, let's see...
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?
Jump to: