do the bitcoin dump is affecting the price of altcoins - page 2.

ObroQ

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Quote from: krashradder on August 03, 2018, 07:09:28 AM

If Bitcoin will dump more down in future than what will to other Altcoins it will also dump or bull high?

It is believed that the bitcoin and altcoin prices are related. When the bitcoin price grows or falls, this change is also felt by the altcoin prices.

Gontxi

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Quote from: krashradder on August 03, 2018, 07:09:28 AM

If Bitcoin will dump more down in future than what will to other Altcoins it will also dump or bull high?

yes, that's what happened. that is a fact
but I don't think it's possible if bitcoin will be discarded in the future, market cycles always have buyers and sellers. before there is an altcoin that can be a counterweight to bitcoin the market will always be bound by the development or decline of bitcoin.

bitcoinmar

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Quote from: Jamesdila1 on August 07, 2018, 01:44:29 AM

yes i have seen some alts are dumping 2X when btc is dumping little. may be alt holders are selling their alts to buy more BTC. so alts may go down more harder than BTC. anyway im not thinking about that much. alts are the best choice for best gains

In addition, altcoins are listed as altcoin / Bitcoin, when price Bitcoin drops, so many people hold altcoins to sell to Bitcoin, in order to avoid excessive losses. When people still see Bitcoin as the king in the crypto, we can hardly avoid this

robaya

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the reality in crypto market is like that. when the price of bitcoin is falling it has an impact on the price of the altcoin. but if bitcoin rises then all altcoins will also rise.

Delilonia1

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With the look of things, to balance the market cap, the price of bitcoin tend to affect the price of altcoins and trust me in the nearest future if bitcoin price continues to dump the altcoins price would be affected too. But the hope is still strong for positivity..

lelou

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If bitcoin drops it's probably most alt will dump because most of them are paired with bitcoin in terms of trading. But if the coin shows a good performance and a strong community support, it won't dump.

3kpk3

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Quote from: batang_bitcoin on August 06, 2018, 01:38:22 AM

Quote from: krashradder on August 03, 2018, 07:09:28 AM

If Bitcoin will dump more down in future than what will to other Altcoins it will also dump or bull high?

Do you think that alts can survive if the center attraction of the market is being dumped? Many scenario's can possibly happen but that's the scene that's possible to happen, bitcoin being dumped leads to alt coins dumped too. But there are also some things that we've seen when bitcoin pumps, alts are suffering too and some of you think that's unfair on the part of altcoins. In this part, you have to realize on how precious bitcoin in the market so if you're altcoiner, think again if you don't have bitcoin.

I agree. Bitcoin and altcoin values have generally been directly proportional to each other and inversely proportional to each other sometimes. This is not surprising at all since Bitcoin has, will and shall always be the center of attraction due to which altcoins will always depend on it to a degree in some way or another. No one can accurately predict what the Bitcoin value will be in the coming months, but the ETF proposal approval could help it rise in a big way.

nianastasia62

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From bitcoin depends on the entire market and everyone is drawn to it but if any altcoin touches the bottom then it can very well start growing regardless of bitcoin !

Jonesdoo

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Looking at the history of this industry, you can see that almost all cryptocurrencies are following the trend of bitcoin. But recently, I saw Bitcoin rose 10%, and then other cryptocurrencies did not increase much. I don't know if this means that the altcoin is not attached to Bitcoin. If it is true, I think this is a good news.

Jamesdila1

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yes i have seen some alts are dumping 2X when btc is dumping little. may be alt holders are selling their alts to buy more BTC. so alts may go down more harder than BTC. anyway im not thinking about that much. alts are the best choice for best gains

apirmalakas

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I think this dump is currently in preparation for the next big bull run. We are fast approaching the end of the year where expectations are high and a lot of money are at stake. Also, investors are keen to see btc beat its old record of around 20K USD. I hope it does beat its old record sooner that we expect it to.

doraemon_33766

newbie

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If cryoto users want to diversify into alcoins all they need to have trust in the recovery of bitcoins. When BTC pumps up in a large amount the tiny shrink can do some wonder on altcoins.

454875kio

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I think if bitcoin falls too fast, it will lead to a bear market. Altcoins will also fall sharply as bitcoin prices fall. Even most altcoin will die.

Rtalk

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If bitcoin continues to fall-all coins will fall.Bitcoin sets the trend and all coins are guided by it.

rosstiller

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I do not think only dropping off of bitcoins affects the price of alcoins. That cannot be the major reason. Both can be down at the same time as the whole market is down and it is affected by other things too.

Nicolaus Copernicus

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There are so many other factors need to be considered here instead of the down price of BTC. Political issues, regulations and ban issues also bear impacts on market price as crypto world is very volatile.

bit-freedom

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I notice that prices of altcoins will be affected when bitcoin price fluctuate since Bitcoin is the market leader. And normally, the gain/loss percentage of altcoins fluctuate more than Bitcoin.

farhiamunni

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Yes, it could be a possibility. Given the most preferred coin is BTC, and if that hits a fall then the investors will believe that the same fate will come to all the other coins. Therefore, we see all the coins get dumped when the BTC's price falls.

ranman09

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Bitcoin is the pioneer of cryptocurrency then altcoins will be, sort of the followers of it. If bitcoin doesn't make it, then the market sentiment will be low for the technology dragging all crypto markets low. But it will not be permanent as Altcoins have its own improvisations and innovations.

doraemon_33766

newbie

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If the price of bitcoin increases, then the prices of other altcoin will increase. Because the crypto market depends on liquidity. Here Bitcoin leads the crypto market. Here are some other coins followed by Bitcoin.

Topic: do the bitcoin dump is affecting the price of altcoins - page 2. (Read 439 times)