Does Bitcoin correlate with ETH and Litecoin?

ipanks

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Quote from: jerry0 on December 12, 2017, 04:51:51 PM

I have btc. Is it possible for bitcoin to go up and eth and litecoin to go down? If one coin goes up, the other ones do? I assume the 2 coins with the most correlation would be btc and litecoin? Now imagine you own btc and had either eth and/or litecoin and sold it off or vice versa. Everyone would want the coin they hold to go up but i assume everyone wants the other coins they sold either stay the same or drop right?

bitcoin will to go up, ethereum and litecoin will go down but these coins will go up too. I think bitcoin is the adjustment for altcoin because if bitcoin goes up, then the altcoin will go down. bitcoin and altcoin have correlation each other and will influence the price. everyone would want the altcoin to go up but it depends on bitcoin, if it's down then altcoin will wait for a while and if bitcoin down, then altcoin will increase. this is happening over and over and I think this will like this in cryptocurrency.

KevenDabid

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Quote from: jerry0 on December 12, 2017, 04:51:51 PM

I have btc. Is it possible for bitcoin to go up and eth and litecoin to go down? If one coin goes up, the other ones do? I assume the 2 coins with the most correlation would be btc and litecoin? Now imagine you own btc and had either eth and/or litecoin and sold it off or vice versa. Everyone would want the coin they hold to go up but i assume everyone wants the other coins they sold either stay the same or drop right?

I think all three of these tokens have come out of the independent market, especially ETH, which has not fluctuated with BTC's fluctuation.

supermine

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We can't say they have any mutual relationship with the price in direct but indirectly the demand for the bitcoin increases which means some other coin will fall that maybe ETH or LTC.But recently the price of bitcoin as well as ETH and LTC also falls simultaneously which is due to the increase in heavy demand for XRP.So we can't say when bitcoin rises the eth and litecoin will fall that is based on their demand and supply of each coin respectively.

logosobscura

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Quote from: Jemzx00 on December 31, 2017, 06:27:37 PM

Quote from: jerry0 on December 12, 2017, 04:51:51 PM

I have btc. Is it possible for bitcoin to go up and eth and litecoin to go down? If one coin goes up, the other ones do? I assume the 2 coins with the most correlation would be btc and litecoin? Now imagine you own btc and had either eth and/or litecoin and sold it off or vice versa. Everyone would want the coin they hold to go up but i assume everyone wants the other coins they sold either stay the same or drop right?

Usually, ETH and LTC go with bitcoin in terms of the normal percentage of rise or fall. The only thing that affects the three is when there is an upcoming hardfork that affects the demand and supply of a particular coin.

The only currency that I can really depend on when the price of bitcoin is falling is Ripple (XRP), try to put your coins on ripple when you think BTC will go down as it is not affected by the price of BTC, a nice reason for it is because it is centralized. For the past weeks, ripple had a great and steady increase while bitcoin became crazy Cheesy

somehow. The price started to went bad before Christmas and it is still down today.

In bull runs just before Xmas, the BTC price always goes down- people are cashing out for fun tokens over the holidays- it's why it's started tracking back up now everyone is back in the real world.

Jemzx00

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Quote from: jerry0 on December 12, 2017, 04:51:51 PM

I have btc. Is it possible for bitcoin to go up and eth and litecoin to go down? If one coin goes up, the other ones do? I assume the 2 coins with the most correlation would be btc and litecoin? Now imagine you own btc and had either eth and/or litecoin and sold it off or vice versa. Everyone would want the coin they hold to go up but i assume everyone wants the other coins they sold either stay the same or drop right?

Usually, ETH and LTC go with bitcoin in terms of the normal percentage of rise or fall. The only thing that affects the three is when there is an upcoming hardfork that affects the demand and supply of a particular coin.

The only currency that I can really depend on when the price of bitcoin is falling is Ripple (XRP), try to put your coins on ripple when you think BTC will go down as it is not affected by the price of BTC, a nice reason for it is because it is centralized. For the past weeks, ripple had a great and steady increase while bitcoin became crazy Cheesy

somehow. The price started to went bad before Christmas and it is still down today.

chanc3r

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Quote from: bulbolitobayagyag on December 31, 2017, 04:04:43 PM

BTC is the foundation of the two,LTC if i am correct is one of the first forked coin of BTC i am not sure about it but ETH is a different story and platform from the two.

What you meant about the foundation of the two? bitcoin doesn't even correlate with both of coins. Litecoin is not a fork from the bitcoin but just a lite version of the bitcoin itself with scalability improvement.
Ethereum never has any relationship with bitcoin itself.

logosobscura

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They are loosely coupled- generally if BTC goes up, the others eventually go up as new money comes into the market. If BTC goes down, sometimes it's hurts the other two, and sometimes the money leaves BTC to go into LTC or ETH, only to eventually go back over the BTC as the trading positions become more advantageous. I think we're starting to see an uncoupling of ETH & BTC- but LTC will always be tethered to BTCs mast.

jlspartz

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In terms of price, BTC is king.

If BTC falls slow, LTC falls quicker and recovers quicker, so bigger swings. LTC's cap the past 3-4 years has been .02 btc, and good buys are at .01 btc. LTC has been above this in it's first few years but not since. ETH can shrug off a slow fall from BTC, and ETH's btc ratio will climb. The investor circle is not as connected between these two.

If BTC falls fast, LTC will fall faster as well as ETH, and both will recover twice as fast as BTC on high momentum falls.

If BTC stays stagnant, and LTC is near .02 btc it will be stagnant, if lower it will jump after 1-2 days of stagnation. During BTC being stagnant, ETH will typically rise within 1/2-1 day.

If BTC slowly rises, ETH and LTC will slowly rise with it.

If BTC rises fast, ETH and LTC will rise half as fast so their BTC ratios will fall, due to funds shifting out of ETH and LTC and into BTC.

So the best market for ETH and LTC are BTC stagnation after a rise, and recovery from a fall.

bulbolitobayagyag

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BTC is the foundation of the two,LTC if i am correct is one of the first forked coin of BTC i am not sure about it but ETH is a different story and platform from the two.

jerry0

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Does btc correlate with altcoins or not? Because that seems to be how it is right now. Because if thats the case, why not buy altcoins instead since it goes up a higher percentage than btc? I mean if you want btc to triple, thats going to take a while. Altcoin seem to triple a lot easier if it is say few dollars or under 1 dollar etc.

uszaty43

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There is not a fixed pattern for it, they all go in different's patterns, but sometimes they all just want to follow bitcoin prices.

A lot of times when bitcoin goes up, alts go down. But when bitcoin goes down like hell or there is a dip, a lot of altcoins tend to go up during those times.

It is a very weird thing, but no one knows what is the real pattern that they are following at the moment.

Quote from: jerry0 on December 12, 2017, 04:51:51 PM

I have btc. Is it possible for bitcoin to go up and eth and litecoin to go down? If one coin goes up, the other ones do? I assume the 2 coins with the most correlation would be btc and litecoin?

Zerogreens

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BTC and LTC are early coins and ETH too. So it's very possible that early investors (whales) in crypto that own these coins keep a union of some sorts that helps them to move in tandem.

friday99

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I think all three will go up all but unlike the btc increment on both coins.

jerry0

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I have btc. Is it possible for bitcoin to go up and eth and litecoin to go down? If one coin goes up, the other ones do? I assume the 2 coins with the most correlation would be btc and litecoin? Now imagine you own btc and had either eth and/or litecoin and sold it off or vice versa. Everyone would want the coin they hold to go up but i assume everyone wants the other coins they sold either stay the same or drop right?

Topic: Does Bitcoin correlate with ETH and Litecoin? (Read 223 times)