If Bitcoin Spikes, Will Smaller Alts Go Lower?

Psynthax

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Quote from: gabmen on July 17, 2018, 11:30:50 AM

Quote from: t39 on July 17, 2018, 08:40:14 AM

Bitcoin is the influencer to the altcoin when it goes up everyone goes up. This is a very good timing for all investor out there. My coin was just sleeping to the exchange, I will sell it at the right time.

Well we've all seen how the market turned green when btc moved past 6.5k which has been a resistance for quite some time. I think most of the time that's the case because the crypto market right now is mostly associated with bitcoin

When the price of bitcoin is increasing a lot and then the price of altcoin will be following it (USD terms) It will not likely to jump a lot on the bitcoin price because in fact the bitcoin is so strong to the altcoin right now. As you can see that about how the more people are seeing it as the depresiation of altcoin in bitcoin value.

Coinrush20

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With the current trend back tracking from the previous months of this year. It seems that the market follows the patter of Bitcoin. you can see an identical pattern across the market and chart almost matches bitcoins price. And the current pump shows it again. This might be investor buying altcoins and liquidating ptofits to fiat.

allahabadi

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No,

It might be a very small knee jerk reaction, but the market due to immaturity moves together with btc.
It will rise together, ofc shitcoins will suffer.

tmoney88

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I think yes, the first reaction of altcoins is to drop after a bitcoin spike. But yesterday, bitcoin rose and the alts rose with it. So it won't always follow this pattern. During the bull markets back in december and january, alts were running wild even without btc rising.

gabmen

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Quote from: t39 on July 17, 2018, 08:40:14 AM

Bitcoin is the influencer to the altcoin when it goes up everyone goes up. This is a very good timing for all investor out there. My coin was just sleeping to the exchange, I will sell it at the right time.

Well we've all seen how the market turned green when btc moved past 6.5k which has been a resistance for quite some time. I think most of the time that's the case because the crypto market right now is mostly associated with bitcoin

denis-z12

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I think Bitcoin will have a positive impact on ALTS in the upcoming bull run. Cant see them go much lower than they are now.

t39

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Bitcoin is the influencer to the altcoin when it goes up everyone goes up. This is a very good timing for all investor out there. My coin was just sleeping to the exchange, I will sell it at the right time.

juragom

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If I think the current market movement is all Altcoin follow Bitcoin price movement. Maybe we need a traditional exchange if we want to see different market reactions in cryptocurrancy. I strongly believe when Bitcoin increases, the other smaller Altcoin will also increase due to the fact that some of them we see.

deadthings

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It's not exactly what you think. Altcoins always following with bitcoin price, the only reason why altcoins could fall is selling them to buy more bitcoin, but if it works, whales would have to sell a huge amount of altos

Virtual-Money

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from my experience for my investment to altcoin,when the price of btc rise my altcoin holdings price also going up

badykvik

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For me, I believe when bitcoin spikes up, then other smaller altcoins will also rise because most of their prices are controlled by what ever happens to the price of bitcoin and sometimes, some of them even do better without bitcoin.

BagzMM

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Quote from: paramind22 on July 14, 2018, 10:45:53 PM

From my memory, every time when Bitcoin went up, many of the altcoins went down because people wanted to climb on the Bitcoin rise. What do you think?

I agree as we know that people has a FOMO mentality, if the bitcoin will be having a rally they will sell their alts and take a ride on the rally of bitcoin. This scenario will let the altcoins dumps with no buyers and bitcoin will make a good rally with those FOMO buyers that makes it spike.

fia_naila

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If bitcoin spikes usually ethereum spikes too ( if the apikes factor is from fresh money flow in ) but if the money is only move from altcoin to bitcoin and no fresh money flow in it will not spikes. And if ethereum also spikes small legit altcoin will probably do the same thing( spikes againts dollar / fiat ).

rahul10

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Buy low and sell high isn't only for fiat to BTC. It's a gamble of course, but if you sell an alt right now and tomorrow BTC surges, people typically panic sell for BTC growth gains and alt prices dip hard, so you can buy back for a stronger position. Of course, the alt could grow and you could miss out on those gains. There is a risk but it's a strategy that has worked well for me at times.

tabas

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Quote from: paramind22 on July 14, 2018, 10:45:53 PM

From my memory, every time when Bitcoin went up, many of the altcoins went down because people wanted to climb on the Bitcoin rise. What do you think?

This happened before but not anymore on these days, when bitcoin goes up alts are also pushing themselves up. And when bitcoin was down, alts are pulling themselves down too.

basty03

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Quote from: paramind22 on July 14, 2018, 10:45:53 PM

From my memory, every time when Bitcoin went up, many of the altcoins went down because people wanted to climb on the Bitcoin rise. What do you think?

I think it's different in my belief because as far as I know when bitcoin going higher more of coins in bitcoin is following to go higher too because some coins is relying to bitcoin.

granchio

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Quote from: paramind22 on July 14, 2018, 10:45:53 PM

From my memory, every time when Bitcoin went up, many of the altcoins went down because people wanted to climb on the Bitcoin rise. What do you think?

I think rising of the bitcoin is the most waiting thing in the whole crypto world. I think the prices of athe altcoins would have a good rising with the rising of bitcoin.

paramind22

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Those who try to speculate on the top gainers in CMC, I think become less speculative and stop chasing the microcaps. I meant smaller coins, which are usually the ones you see with the double digit percent gains over 30%. That's why some agree and some don't.

lady Royal

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Quote from: paramind22 on July 14, 2018, 10:45:53 PM

From my memory, every time when Bitcoin went up, many of the altcoins went down because people wanted to climb on the Bitcoin rise. What do you think?

From what I have observed is that if Bitcoins price goes up altcoins goes up with the increase in the rate of bitcoins so I disagree with your current statement.

Altcoins just goes with bitcoins, at least from what I have observed.

Abeleez

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Quote from: paramind22 on July 14, 2018, 10:45:53 PM

From my memory, every time when Bitcoin went up, many of the altcoins went down because people wanted to climb on the Bitcoin rise. What do you think?

I don't see it from that angle, rather when Bitcoin rises many of the altcoins also rise. You will agree with me that Bitcoin is the determinant coin for the market and so it's movement generally affect the movement of the altcoins.

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