How Many Cryptocurrencies Are Simply Following the Market?

akram143

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Quote from: ShadowBits on February 02, 2019, 07:32:03 AM

Quote from: TonyMillsCryto on July 07, 2018, 05:57:53 AM

In the last few days, we’ve experienced a massive rout in the cryptocurrency market.

Skeptics are laughing, traders are fleeing , and even HODLers are worried that the sky is going to fall.

The home page of coinmarketcap is awash in a sea of red. And as if by some strange design, every 7 day price graph looks like they’ve been lazily copy pasted from coin to coin.
In the last few days, we’ve experienced a massive rout in the cryptocurrency market.

Skeptics are laughing, traders are fleeing , and even HODLers are worried that the sky is going to fall.

The home page of coinmarketcap is awash in a sea of red. And as if by some strange design, every 7 day price graph looks like they’ve been lazily copy pasted from coin to coin.

WHAT WILL BE THE NEXT TREND

The market is literally following the trend of Bitcoin and nothing more, so we should first see Bitcoin before investing on other alts, but you can go on a pump and dump group for you to earn.

but Bitcoin is also not in a good path if it wasn't right direction then all other cryptocurrency will definitely going to the right way by the development of Bitcoin all cryptocurrency had some support will be there with the support of The Uses of Bitcoin also so blockchain system will connected through each and every cryptocurrency.

romero121

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The market is completely indicated with red most of the time over the past few days. Quite often the market changes green, but this was unable to sustain for a long time period. A recovery of the entire market is the hope of every users. For the same we haven't got any indication or a specific news that tends to push the market forward.

LUCKMCFLY

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Quote from: eaLiTy on February 02, 2019, 06:37:00 AM

Quote from: LUCKMCFLY on February 01, 2019, 03:15:13 PM

All Altcoins follow Bitcoin, that is written, no Altcoin has a life of its own, they depend directly on Bitcoin, the only way they go up is for Bitcoin to be placed in an uptrend, some Altcoin moves them are groups of PUMP and DUMP. That's why it's its rare forms ... You just have to understand the market.

It is true that all the major altcoin follow bitcoin, but if you look at the market you can daily see some coins gaining ten percent to seventy percent on a daily basis, just check the chart in coinmarketcap and you will understand how the market is behaving on a daily basis. I never invested in those coins or never checked those and hence i cannot give a concrete answer on how these movements happen, may be it is a pump and dump scheme but the market moves on a daily basis irrespective of the bitcoin market. But looking at the broader picture if we want to see a recover in the entire market we need movement in bitcoin.

Exactly, but you know what I've noticed? That those coins are Pump and Dump, normally they happen in Exchanges like Binance and Bittrex, at the moment there are many groups in Telegram that are dedicated to give signals and when they see that there is a good volume they help to raise a very big candle, the unsuspecting enter because they think that they will lose the movement and when they go up much more, they start selling in seconds and that is why those coins are kept, but they do not have structure, they do not have phases like accumulation, tendency, distribution ...

ShadowBits

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Quote from: TonyMillsCryto on July 07, 2018, 05:57:53 AM

In the last few days, we’ve experienced a massive rout in the cryptocurrency market.

Skeptics are laughing, traders are fleeing , and even HODLers are worried that the sky is going to fall.

The home page of coinmarketcap is awash in a sea of red. And as if by some strange design, every 7 day price graph looks like they’ve been lazily copy pasted from coin to coin.
In the last few days, we’ve experienced a massive rout in the cryptocurrency market.

Skeptics are laughing, traders are fleeing , and even HODLers are worried that the sky is going to fall.

The home page of coinmarketcap is awash in a sea of red. And as if by some strange design, every 7 day price graph looks like they’ve been lazily copy pasted from coin to coin.

WHAT WILL BE THE NEXT TREND

The market is literally following the trend of Bitcoin and nothing more, so we should first see Bitcoin before investing on other alts, but you can go on a pump and dump group for you to earn.

eaLiTy

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Quote from: LUCKMCFLY on February 01, 2019, 03:15:13 PM

All Altcoins follow Bitcoin, that is written, no Altcoin has a life of its own, they depend directly on Bitcoin, the only way they go up is for Bitcoin to be placed in an uptrend, some Altcoin moves them are groups of PUMP and DUMP. That's why it's its rare forms ... You just have to understand the market.

It is true that all the major altcoin follow bitcoin, but if you look at the market you can daily see some coins gaining ten percent to seventy percent on a daily basis, just check the chart in coinmarketcap and you will understand how the market is behaving on a daily basis. I never invested in those coins or never checked those and hence i cannot give a concrete answer on how these movements happen, may be it is a pump and dump scheme but the market moves on a daily basis irrespective of the bitcoin market. But looking at the broader picture if we want to see a recover in the entire market we need movement in bitcoin.

mersal

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Quote from: bitcoin31 on February 01, 2019, 04:12:56 PM

Most oe coins are following the market and sometimes differrent of what happened to the market.

most of the times the market is to be manage the whole cryptocurrencies in a single hand it will leads to the fall down of all cryptocurrency axiomtek because of people will afraid of losing something and get out of this field this is the main reason .

bitcoin31

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Most of coins are following the market and sometimes differrent of what happened to the market. They have coins that are good even the market dumping but they have coins are not good if the market up because you cannot see any movement of increasing the price.

LUCKMCFLY

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All Altcoins follow Bitcoin, that is written, no Altcoin has a life of its own, they depend directly on Bitcoin, the only way they go up is for Bitcoin to be placed in an uptrend, some Altcoin moves them are groups of PUMP and DUMP. That's why it's its rare forms ... You just have to understand the market.

Goodvalony

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it will surprise you that the market has been flowing down. the recovery stage is yet to be certain. currently, we have no idea of what and what will happen in the next few months. the market as we all know looks like the cryptocurrency has no future. there is certainty that renovations and new ideas will still change the minds of people.

bene_gesserit

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"How Many Cryptocurrencies Are Simply Following the Market?" --> Almost all of them: https://enroyd.com/BTC_Correlations/

davinchi

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Every coin eventually gives into trends of the market. The only thing that keeps them changing is that some coins move different from the market for short periods of time.

For example, some X coin could go up during a bear run because of a news for that coin and the price could change quickly however eventually after all of that is done the coin will fall back to what the trend is, if market went down 20% in the past week then that coin could go up 100% but eventually go back down the original price and drop 20% to reach the market averages.

Hence, all coins could have short period of bursts, specially small coins with small prices and small market caps could move really differently however no matter what happens the coin will eventually follow the market. Except the bad ones which just keep going down and down and down until they do not exist even if the market goes up.

stepwilli

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Quote from: enawati on February 01, 2019, 04:05:05 AM

-snip-

Why you are bumbling a old topic ?

@OP
I guess all the coins are following the trend. In recent times, I have watched waves which is moving against bitcoin/eth's movements but previously it also was trading along with trend.

What is the significance of finding a coin which is not following the market ?

enawati

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Crypto market already in bearish mode in 1 years and this is so long times, and i think last year in 2018 the market long bearish because in 2016 and 2017 the crypto market has been in bullish trend. So from this historycal , i believe the bull market will come in the end of this year or sooner.

believe in BTC

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Quote from: Whosdaddy on October 25, 2018, 06:46:44 AM

Quote from: randythered on October 23, 2018, 04:04:19 PM

Every currency follows the market for 90% or more of the time, the only time it doesn't is if there's any major movement due to news, development, etc. In the last 9 months only a select handful of coins have been able to trend against the market and remained in the green over that period, they're the ones with the best development and potential for the future.

I would say most times, the movement is basically dependent on the altcoin market itself as well as the bitcoin market in most situations. We have seen instances where the bitcoin market tend to take the full domination in the market and the altcoins taking a bow, as well as bitcoin consolidating and then we see the altcoins taking a huge hit to the moon.

Most times, it always depends on how you understand the market, monitor the trend and you are able to deal with it. Like I always say, we have two coins in the market, bitcoin and altcoins, and all altcoins move most of the time in the same manner.

I do not think that all altcoin are moving in the same manner, to me I think that there are some altcoin potential which always have good potential and which price can boost up very soon after the market become a little stable, while some coins after getting down its become difficult for them to recover their position again.

ghermghuda

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Factually all the market follow suit with Bitcoin price. Without Bitcoin, the market is not and hence crypto is also not. I don't know whether there'll be a time where we won't have a circumstance as such but for now, let's hope for the best.
Anyways some ALTs don't follow price at an instance but wholesomely, they all follow the trend.

Charlie3

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There may only be one market, at the absolute most there are two - Bitcoin and alts. You'll get individual pumps here and there but all of them return to the general mean eventually.

Gastotade

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Quote from: kyle999 on October 27, 2018, 09:54:36 AM

Some other coins if the price will go down some other coins also will fall down for their price and like a contagious disease for coin to other coins.

Most of altcoins follows BTC and ETH Movement, declining in value. But there are still some coins that find ways to earn more. We just need to know whether they did some update to make their product pumps

kyle999

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Some other coins if the price will go down some other coins also will fall down for their price and like a contagious disease for coin to other coins.

blackhawkeye1912

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All cryptocurrency are following the market. If the market is bearish, all cryptocurrency coins are also bearish just like this year's bearish year where every coin lose its value by more than 50%. Not even one coin was exempted from the downward trend brought by the red market.

raven7886

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Almost all of them. I think tether and all other stable coins are ... well stable. I think bitcoin is in a league of their own. However, all others are either full on moving all together or they are going down because they are dying.

The first one basically all similar coins like ripple, ethereum, litecoin, dash and probably at least hundreds of others are moving up and down according to what they do together, if all go up all goes up if they go down they go down, there are few rare ones that moves themselves and do something crazy like pump or whatever but it is never the same coin over and over again, its always one coin after another. There are also coins that basically is dying and going lower and lower constantly and eventually die off and do not return back to life.

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