If Bitcoin skyrockets, how will it affect alt coin prices?

alyssa85

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Quote from: lady pink on September 21, 2017, 12:43:29 AM

Quote from: Sobol101 on September 21, 2017, 12:30:38 AM

Quote from: sweetbet on July 11, 2017, 04:24:08 PM

This might be a dumb question, but I thought I'd ask it anyway. I've noticed that every time Bitcoin significantly drops it drags down the prices of alt coins. Now let's assume that the price of Bitcoin skyrockets in August. Would that increase the price of most alt coins as a result?

Everything depends, if bitcoin takes off, then other coins will not remain in the shadows and will also tend to go up as well as altos. Therefore, we are waiting for the moment.

Why is it so? why all the altcoins are dependent on bitcoin? What is the relationship of altcoins with the bitcoin? If bitcoin price is to be be praised then what are the atcoins here for? It simply indicates that bitcoin is the genuine and the rest are just useless clones.

When bitcoin goes up it attracts newbies who come into the cryptocurrency space and unvestigate it. They often feel bitcoin is "too expensive" and decide to invest in alts because they might be "the next big thing". Which is why a bitcoin rise tends to lift the whole cryptocurrency space.

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Quote from: flower1024 on September 21, 2017, 07:01:46 AM

Quote from: fedoralite on September 21, 2017, 02:56:12 AM

Quote from: RealPhotoshoper on September 21, 2017, 12:45:47 AM

Quote from: nkarm1 on September 20, 2017, 08:57:27 PM

Most of all will rise with it so as with falls. It's just because of one reason, "almost" all of this altcoins market cap are usually funded by bitcoin. Same as etherium, where there are many situations that when bitcoin rise, it also increases it's price. But somehow "unsual" things happened, they go with opposite directions. Maybe because of individual news or events like hard fork in alts, like in etherium when they are about to fork the network most of the users take advantage of it to dump. Or sometimes, when bitcoin is about to rise people use to dump altcoins to switch to Btc. So it's all of a matter of time and events. But usually they go with bitcoin.

Actually when the bitcoin price rise so high altcoin went down and make an adjustment slowly.
It cost quite a lot of time , and you could make profit with that situation.
All you need is an experience deal with similar market condition and a lot of patience.

That's the basis on why I can tell that altcoins are just relying with bitcoins since if bitcoins will down all altcoins price are affected eventhough their satoshi value will rise that's why all people hopes that btc will not fall since all of us will get affected if the top 1 coin will fall.

The main altcoins price depends on bitcoin price. When the bitcoin price come down all these coins prices also come down. But when the bitcoin price is skyrocket it affects only for few coin price and rest of other coins will be stable. But when it falls it will affect to all altcoins. How it will affect, even I don't know the exact reason. I think people will tempt to see bitcoin price and they hope altcoin price also increase so they will start to buy altcoins and the price will increase.

But honestly not all altcoin are affected there are still few altcoin are stable in movement of the price and sometimes there are altcoin are increasing more value than bitcoin ..
And i think that is why altcoin are decreasing its value its because the exchanges are relaying in bitcoin price not directly in altcoin to usd..
Well as i can notice lots of altcoin are moving down when the price of bitcoin was decreasing and i think it is a part of panic selling there traders are selling their altcoin in bitcoin and exchange them into usd. that is why altcoin are also decreases.

speedy963

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Well before, i can say that when the bitcoin price starts to rises, altcoins will be down shortly. In my opinion alt coin holders starts to panic at that time then they will dump instantly to convert to bitcoin because they are following the price of bitcoin.

Shinza

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Perhaps the altcoins will also increase but not follow the same ratio as btc. Because the exchange rate between btc and altcoins is not always the same, and not all altcoins increase. Some altcoins are created without any relation to btc. But for btc to rise again on September 1st, it may take some time for the market to stabilize, but prices may not continue to fall, it will remain at current prices.

flower1024

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Quote from: fedoralite on September 21, 2017, 02:56:12 AM

Quote from: RealPhotoshoper on September 21, 2017, 12:45:47 AM

Quote from: nkarm1 on September 20, 2017, 08:57:27 PM

Most of all will rise with it so as with falls. It's just because of one reason, "almost" all of this altcoins market cap are usually funded by bitcoin. Same as etherium, where there are many situations that when bitcoin rise, it also increases it's price. But somehow "unsual" things happened, they go with opposite directions. Maybe because of individual news or events like hard fork in alts, like in etherium when they are about to fork the network most of the users take advantage of it to dump. Or sometimes, when bitcoin is about to rise people use to dump altcoins to switch to Btc. So it's all of a matter of time and events. But usually they go with bitcoin.

Actually when the bitcoin price rise so high altcoin went down and make an adjustment slowly.
It cost quite a lot of time , and you could make profit with that situation.
All you need is an experience deal with similar market condition and a lot of patience.

That's the basis on why I can tell that altcoins are just relying with bitcoins since if bitcoins will down all altcoins price are affected eventhough their satoshi value will rise that's why all people hopes that btc will not fall since all of us will get affected if the top 1 coin will fall.

The main altcoins price depends on bitcoin price. When the bitcoin price come down all these coins prices also come down. But when the bitcoin price is skyrocket it affects only for few coin price and rest of other coins will be stable. But when it falls it will affect to all altcoins. How it will affect, even I don't know the exact reason. I think people will tempt to see bitcoin price and they hope altcoin price also increase so they will start to buy altcoins and the price will increase.

fedoralite

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Quote from: RealPhotoshoper on September 21, 2017, 12:45:47 AM

Quote from: nkarm1 on September 20, 2017, 08:57:27 PM

Most of all will rise with it so as with falls. It's just because of one reason, "almost" all of this altcoins market cap are usually funded by bitcoin. Same as etherium, where there are many situations that when bitcoin rise, it also increases it's price. But somehow "unsual" things happened, they go with opposite directions. Maybe because of individual news or events like hard fork in alts, like in etherium when they are about to fork the network most of the users take advantage of it to dump. Or sometimes, when bitcoin is about to rise people use to dump altcoins to switch to Btc. So it's all of a matter of time and events. But usually they go with bitcoin.

Actually when the bitcoin price rise so high altcoin went down and make an adjustment slowly.
It cost quite a lot of time , and you could make profit with that situation.
All you need is an experience deal with similar market condition and a lot of patience.

That's the basis on why I can tell that altcoins are just relying with bitcoins since if bitcoins will down all altcoins price are affected eventhough their satoshi value will rise that's why all people hopes that btc will not fall since all of us will get affected if the top 1 coin will fall.

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Quote from: RealPhotoshoper on September 21, 2017, 12:45:47 AM

Quote from: nkarm1 on September 20, 2017, 08:57:27 PM

Most of all will rise with it so as with falls. It's just because of one reason, "almost" all of this altcoins market cap are usually funded by bitcoin. Same as etherium, where there are many situations that when bitcoin rise, it also increases it's price. But somehow "unsual" things happened, they go with opposite directions. Maybe because of individual news or events like hard fork in alts, like in etherium when they are about to fork the network most of the users take advantage of it to dump. Or sometimes, when bitcoin is about to rise people use to dump altcoins to switch to Btc. So it's all of a matter of time and events. But usually they go with bitcoin.

Actually when the bitcoin price rise so high altcoin went down and make an adjustment slowly.
It cost quite a lot of time , and you could make profit with that situation.
All you need is an experience deal with similar market condition and a lot of patience.

According to me everything depends on the public. If people are buying a particular coin then its price will increase and vice versa for sure.
If Bitcoin's price is decreasing it means somewhere around the globe people are selling their BTC. Some people sell it to buy altcoins and some exchange it for fiat. If Bitcoin's price is increasing it means people are buying BTC. Same as above, people can buy BTC with fiat or sell their altcoins in exchange for BTC. So it all depends on how people are reacting in a particular situation which makes the price fluctuations in the market.

RealPhotoshoper

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Quote from: nkarm1 on September 20, 2017, 08:57:27 PM

Most of all will rise with it so as with falls. It's just because of one reason, "almost" all of this altcoins market cap are usually funded by bitcoin. Same as etherium, where there are many situations that when bitcoin rise, it also increases it's price. But somehow "unsual" things happened, they go with opposite directions. Maybe because of individual news or events like hard fork in alts, like in etherium when they are about to fork the network most of the users take advantage of it to dump. Or sometimes, when bitcoin is about to rise people use to dump altcoins to switch to Btc. So it's all of a matter of time and events. But usually they go with bitcoin.

Actually when the bitcoin price rise so high altcoin went down and make an adjustment slowly.
It cost quite a lot of time , and you could make profit with that situation.
All you need is an experience deal with similar market condition and a lot of patience.

lady pink

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Quote from: Sobol101 on September 21, 2017, 12:30:38 AM

Quote from: sweetbet on July 11, 2017, 04:24:08 PM

This might be a dumb question, but I thought I'd ask it anyway. I've noticed that every time Bitcoin significantly drops it drags down the prices of alt coins. Now let's assume that the price of Bitcoin skyrockets in August. Would that increase the price of most alt coins as a result?

Everything depends, if bitcoin takes off, then other coins will not remain in the shadows and will also tend to go up as well as altos. Therefore, we are waiting for the moment.

Why is it so? why all the altcoins are dependent on bitcoin? What is the relationship of altcoins with the bitcoin? If bitcoin price is to be be praised then what are the atcoins here for? It simply indicates that bitcoin is the genuine and the rest are just useless clones.

Sobol101

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Quote from: sweetbet on July 11, 2017, 04:24:08 PM

This might be a dumb question, but I thought I'd ask it anyway. I've noticed that every time Bitcoin significantly drops it drags down the prices of alt coins. Now let's assume that the price of Bitcoin skyrockets in August. Would that increase the price of most alt coins as a result?

Everything depends, if bitcoin takes off, then other coins will not remain in the shadows and will also tend to go up as well as altos. Therefore, we are waiting for the moment.

nkarm1

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Most of all will rise with it so as with falls. It's just because of one reason, "almost" all of this altcoins market cap are usually funded by bitcoin. Same as etherium, where there are many situations that when bitcoin rise, it also increases it's price. But somehow "unsual" things happened, they go with opposite directions. Maybe because of individual news or events like hard fork in alts, like in etherium when they are about to fork the network most of the users take advantage of it to dump. Or sometimes, when bitcoin is about to rise people use to dump altcoins to switch to Btc. So it's all of a matter of time and events. But usually they go with bitcoin.

morantis2015

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not much at all. bitcoin is a gateway to those coins through the exchanges, but there is also litecoin and doge most of the time, it is not that critical and even a higher price still allows for the deposit of bitcoin and use

Nasty23

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Quote from: zekeshawn on September 20, 2017, 08:09:14 PM

I have witnessed bitcoin skyrcokets many times already and as what I observe every time this happen almost all altcoins dump maybe because people want to hold bitcoin and then they will convert it to fiat after the new ath will be reach.

I'm also noticed that the altcoins price drops when bitcoin reached new ath. Bitcoin have a big influence in the market that can cause its price high and affect all the altcoins because most of the traders in the market are depends in bitcoin price.

zekeshawn

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I have witnessed bitcoin skyrcokets many times already and as what I observe every time this happen almost all altcoins dump maybe because people want to hold bitcoin and then they will convert it to fiat after the new ath will be reach.

Nerman

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We cannot assure that alt coins will follow, but if we are going to base it on previous price action of Bitcoin majority of the Altcoins followed its price action.

nydiacaskey01

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Last time Bitcoin reached $5000 altcoin prices dropped as altcoin holders dumped in exchange of BTC to convert to fiat or USD for profits. Maybe they have this feeling that BTC may have reached 5k but it will not last and go down again to 4k so they took advantage of the moment. But if BTC reached a certain level that or all time high and settles at that price, price of altcoin will follow as well.

Bagaji

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It has happen in time without number, any time the market value of bitcoin drop significantly the market value of most altcoin will fall significantly. And this happen most time because in my own opinion bitcoin is an independent while altcoin are dependent variable on bitcoin

crypteris

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They are interconnected. Bitcoin is like a marker for all other cryptocurrencies. If it goes up - altcoins will also go up.

hutay5

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Quote from: Willitivity on July 15, 2017, 01:35:28 PM

Altcoins are proportionately tied to bitcoins.
When the price of bitcoin increases, it brings the Altcoins up and vice versa.
But when the increase is exponential, it works in reverse.
A gradual increase is needed for the Altcoins to move in well.

So true. Bitcoin prices go down these days. Altcoins fall as well because people find the price of bitcoin is at an acceptable point to buy again. But if the price going to skyrocket, then there might be a good chance for all coins to rise after that skyrocket.

Willitivity

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Altcoins are proportionately tied to bitcoins.
When the price of bitcoin increases, it brings the Altcoins up and vice versa.
But when the increase is exponential, it works in reverse.
A gradual increase is needed for the Altcoins to move in well.

Topic: If Bitcoin skyrockets, how will it affect alt coin prices? (Read 1895 times)