Do ALL Coins always move together? | Bitcointalksearch.org

digaran

copper member

Activity: 1330

Merit: 899

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Quote from: watchurstep45 on January 23, 2018, 02:44:22 AM

Quote from: MonkeyBrain on January 22, 2018, 07:27:04 PM

Trying to sell some coins with high gains to buy some that has dipped alot, but it seems they all move up and down together for the most part. This makes it hard to sell. Is this how it normally is? Been trading just a month now.

sometimes . it depends on the coin . there are also a factor on the price of bitcoin if the bitcoin price is rising the altcoin value increases in my own opinion. Make sure when you are buying a token you better check the website and update of specific coin

What if a specific coin and their *devs are cloning another coin? they could start buying their coins before updating their website or updating their huge community (low rank beggars getting paid to bump their thread).
You must've heard about my activity tokens, would you like to know what was needed for me to actually succeed? no support of the community, any exchanging service given enough incentive would've listed them and people would've traded them even after seeing theymos implementing merits and no such a thing as activity tokens. current situation with every coin, they have no system in place to use them, people are trading them knowing that there is nothing to use the coins on.
There was a failed ICO recently, the *devs were trying to refund investors, some idiots were buying the useless tokens, knowing the ICO had failed.

bitcon

legendary

Activity: 2212

Merit: 1008

Quote from: Herbert2020 on January 23, 2018, 02:53:49 AM

it is the money flow, so if you want to understand how things work, you need to follow the money so to speak.

try and figure out where it is going. in or out, and where. for example each time bitcoin is rising you can see the same drop in altcoins and if you check the volume, you can see the "money" has gone to bitcoin and has dropped out of altcoins.
and during the bitcoin stability periods, the "money" is going into altcoins. but if you look closer you can see that the money is spread but the smart money is focused only on 2 or 3 altcoins tops which will be getting pumped as a result and then that smart money moves on to the next 2 or 3 altcoins. rinse and repeat.

Do not jump to conclusions judging by the events that took place this January. Yes, this time almost all coins went down together, but as a rule, it happens very rarely. I am still have a great belief that NEO, Cardano, ETH, DASH and LTC will gain much and it will happen soon.

Iyhen

member

Activity: 101

Merit: 10

The father of coins or cryptocurrency is Bitcoin. And based on my observation, when the bitcoin increases or decreases its value, the other coins follws. I think they are all dependent on the value of bitcoin. This is just my observation on how cryptos works.

deepcoreotc

sr. member

Activity: 350

Merit: 250

No, currently they are moving because Bitcoin drops. In a stable market you will see a lot of action. Sadly BTC is correcting atm.

erox

full member

Activity: 308

Merit: 106

Yes you are right. Usually, the whole market follows the price of bitcoin. But there are some coins which do not follow this rule and have recorrelation.

kuronokishi10

full member

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Merit: 100

according to me this is not how everything works.
though you are not completely wrong but when one major coin increases or decreases it does have an affect on others which may or may not be significant but no two coins are directly related.
they indirectly affect each other.
so ignore the mainstream coins and try investing in some low profile with high potential coins.

jacksonmark30

newbie

Activity: 91

Merit: 0

I don't think Altcoins move together except during a specific event wherein Bitcoin is being massively dumped.. This usually means that funds are flowing into alt coins which makes 'most' of them move together.

angelcoins20

newbie

Activity: 23

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I'd guess this phenomenon is normal to cryptocurrency they're kinda related to each other. One thing is for sure if alts will go down BTC would stay a bit longer before following the trend.

malfurionbtcn

jr. member

Activity: 70

Merit: 1

Not always. Some coins are affected by others, that is why you think that they move together, but they do not

altercreed

full member

Activity: 434

Merit: 101

That is what i also noticed about the crypto market that almost cryptos are down together when bitcoin is down too. I think that is because each crypto has a pairing directly to bitcoin and so whenever the price of btc depreciates, so as alt coins' price too.

jyotianand01

sr. member

Activity: 980

Merit: 250

All coins follow bitcoin trend and whichever direction start in bitcoin, generally all altcoins start moving in that direction and it is a normal phenomenon. Only some exceptions not follow bitcoins due to their own reasons.

Milanelo

newbie

Activity: 126

Merit: 0

not all coins move the same, because coins have a hard sell value in the guess. because always up and down.

Despacito

full member

Activity: 280

Merit: 100

Quote from: Rana590 on January 23, 2018, 11:11:30 AM

In my personal opinion, all crypto currency are directly or indirectly dependable on Bitcoin. When bitcoin gets down, most of the crypto currency also get down. Majority coins are influenced by the price of Bitcoin. So i think most of the time, all coins move together.

I agree with you about bitcoin dependency of altcoins. They generally don't move alone, they're linked to each other and the general trend of the crypto markets. This is how they move on the exchanges.

Rana590

sr. member

Activity: 1750

Merit: 267

In my personal opinion, all crypto currency are directly or indirectly dependable on Bitcoin. When bitcoin gets down, most of the crypto currency also get down. Majority coins are influenced by the price of Bitcoin. So i think most of the time, all coins move together.

newwest

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Quote from: rzluetlhch on January 23, 2018, 10:16:11 AM

Quote from: xheon on January 23, 2018, 02:49:11 AM

not really, but you should aware that bitcoin is almost affecting all alternate coin. I am not sure why, but maybe many platform used bitcoin as a transaction method. If bitcoin go down or up, many alternate coin will follow it. But it is possible for alternate coin it self go up without when bitcoin is still steady.

Perhaps the status of bitcoin is too important. If anyone thinks Bitcoin does not work. He may take for granted that other coins will not work either.

I have observed that for when the btc price rises the altcoins falls and when the btc prices falls altcoins do fall again. But after a short while or in a day the altcoins starts to move upwards again though not all coins but few coins which has being dumped badly during the fall. This actually gives us a very good opportunity when the falls happen to buy those coins at lower price.

zoata87

legendary

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If you are trading altcoin then now is not a good time to trade because the Bitcoin price is not very stable at the moment and has a lot of FUD. Usually, it is better to accumulate and increase the position of your favorite altcoin when the market is unstable. The altcoin market depends very much on the price of Bitcoin when the Bitcoin price fall then the price of altcoin will also follow.

Metherry

newbie

Activity: 42

Merit: 0

Quote from: MonkeyBrain on January 22, 2018, 07:27:04 PM

Trying to sell some coins with high gains to buy some that has dipped alot, but it seems they all move up and down together for the most part. This makes it hard to sell. Is this how it normally is? Been trading just a month now.

The cryptocurrency market is a volatile market, you have a group of currencies that have reached enough market capacities and thus have moved under the influence of larger currencies such as Bitcoin, some of which are still with low capacities and therefore will move with more random models.
There are platforms that manipulate the prices of smaller currencies, so if you are not a professional, it is better to follow BTC/USD pair.
sell some coins with high gains to buy some that has dipped alot is a dream for all investors
you must have full time and some economy to know best time to buy and sell.
you must loss some money when investing

BitcoinTurk

hero member

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Sometimes yes, sometimes no because market is so active in last month(s). They can gain their value or loss their value easily.

crenfrosck

member

Activity: 470

Merit: 12

It's like unwritten rule that most alts move with BTC as for most of them there is no other crypto pair to trade with. And even coins that are "independent" from this pairing are mostly moving as BTC (probably because people still feel more confident with BTC) or they want to use shorting.

So no, they don't have to, but they will and I think that it won't change in near future.

terzy

newbie

Activity: 196

Merit: 0

Not all, but most of the coins will move up and down together and it's mostly influenced by the huge swings of btc price. Perhaps, people are so nervous about the bottom falling out of coins that any change to BTC causes a panic when the price declines

Topic: Do ALL Coins always move together? (Read 401 times)