Topic: If Bitcoin Spikes, Will Smaller Alts Go Lower? - page 2. (Read 292 times)
I think that is just part of the truth but not the whole truth because there are also certain situation that during the all time high of bitcoin it suddenly crash the reason is not because of people are switching from altcoins to bitcoin but rather the fud is starting pulling bitcoin down. And not just that, I believe that the too much price of bitcoin harden the people to have opportunity to invest in it due to the more higher price it is the more risky the situation of the investors.
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?
Probably. There is a very good chance that can happen. Because when bitcoin spikes everyone who is looking to make a profit seel their alts and buy bitcoin. Due to this Alts crash and bitcoin soars. But the same is the case once bitcoin bull run ends. People sell bitcoin a and buyback alts. And another advantage of this is you end up selling high and buying a lot more at a lower price.
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?
yes, you are right,,
most of altcoins will go down in bitcoin terms went bitcoin rise, but rising in USD terms because bitcoin rising its value in USD mate
but, when any altcoins have a good news,, the price will growing hardly
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?
bitcoin dominate the market. If BTC goes up, some altcoins goes up following BTC, some of coins might fall. But if bitcoin falls, no doubt every coin falls too. 
That may change, increase in bitcoin's price bring about altcoins' increase now but if it rise a lot in a short time that may have negative effect on alts.
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?
Actually altcoins picks rally with the Bitcoin check history on coinmarkecap take example of ripple and DGB. If the altcoin is strong and have some useful product or some promising upcoming product & if their community is strong then they can easily pick up the rally with the Bitcoin. Last year there were cases of some altcoins which got down because their team abandoned the project or because the cases of theft of funds. 
It really depends because there was a time when when bitcoin increases, most of the altcoins increases too. So there is no assuran e if bitcoin does spikes up, smaller valued altcoins go down too.
The pumping that occurs in Bitcoin will be followed strongly by all altcoins, so Bitcoin plays a major role in the market of all movements depending on the condition of Bitcoin itself, people not only go for Bitcoin but for their altcoin because when Bitcoin rises there is hope and thought positive for a good market, everyone goes in and pumps it all up, and if Bitcoin is not good then vice versa and wait in turn, try to hold and buy at the lowest price.
I've been watching it so many times in Coin market cap every time there is a spike in bitcoin price and me prove to it that altcoins also are following the footstep of the bitcoin and vice versa to the downswing of it.
If Bitcoin goes up, you can expect most altcoins to go up with it. This is due to the amount of money in the market. The more money in the market, the more all coins will be worth. You can keep an eye on the current market cap and watch how it affects the price of all of the coins.
At the moment most coins go up and down together, if bitcoin spikes in the following days altcoins will spike too. It is now all up to the move of btc.
I think we had a different observation regarding Bitcoin and altcoins with respect to pumping of price, mostly if Bitcoin increase it's value in the market, some altcoins will follow, especially those having a good project development and the rest is depending on the demand.
usually before Bitcoin spikes,everything will get pumped first and then pushed by Bitcoin when it makes a move.
but if that thing does not happen,
more likely both of them will get a gain,because right now everything is heavily undervalued because of Bitcoin.
so i assume when Bitcoin spikes,everything will get a little pump from it and will get another one when Bitcoin declines.
until it reachs its support or at least break its resistence,it will keep doing that.
but if that thing does not happen,
more likely both of them will get a gain,because right now everything is heavily undervalued because of Bitcoin.
so i assume when Bitcoin spikes,everything will get a little pump from it and will get another one when Bitcoin declines.
until it reachs its support or at least break its resistence,it will keep doing that.
yeah, that's true but in some occasions i think that they can grow up both, a lot of people here just want to increment the quantity of btc that they have, so the try to follow the pumps of btc for do that.
In fact, this does not always happen. In most cases, bitcoin and altcoin prices move in the same direction. Bitcoin sets the movement for all crypto currencies.
It is a simple arithmetic. I personally seen an witnessed the rise and fall of bitcoin price for some months now. Its prices has a huge effect on alternate coins. Because its said what is good for the goose is good for the gander, so which whichever news that affects the body cryptocurrency also have effect on the other currencies.
What you are saying is exactly the opposite of what will happen.when Bitcoin rises all altcoins rise and when BTC goes down and everything goes down the dump
I think when bitcoin grows we are growing and all the altcoins. If it falls, so falls all the same. The price of altcoins depends on bitcoin.
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?
It will but basically it's so easy to determine the altcoin vs bitcoin movements. You can see that if the bitcoin dominance will increase and that means the more people are liquidating their money to the bitcoin and it has been getting decrease and otherwise, people are converting their bitcoin to alts.
That is not the case usually if BTC moons then almost all of the altcoin in the market goes up. As BTC is the has the most volume and the most traded cryptocurrency in the market if its prices moons then it will be the same for most of them. That is why if BTC is down so does most altcoins and only few of them moons.
Jump to: