If Bitcoin Spikes, Will Smaller Alts Go Lower? - page 3.

aervin11

full member

Activity: 602

Merit: 103

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?

You are right OP, but that is only a thing to consider. There are so many ways that are happening in the market that you also need to check on like if the btc price rises, the total marketcap rises, the alts might bleed when people ride onto btc but as marketcap get's higher, more money and investors are also looking for profits and time to get in to alts.

hani1929

member

Activity: 336

Merit: 10

As what ive observed in the market, if bitcoin spikes some altcoins will also follow bitcoin. Just like what happen last year when bitcoin hits $10+k some altcoins gets high in price too and now when bitcoin is down we've got also color red in the market. So i assumed that some altcoins always follow bitcoins price.

EastSound

sr. member

Activity: 1377

Merit: 268

Nope, at the current market movements all altcoins follow the bitcoin price movement. Probably we need the traditional exchanges if we want to see a different market reaction in crypto

shaheer001

full member

Activity: 1274

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I think you are wrong as you can see the current market stat which is against your opinion Bitcoin is low and also all altcoin are at the bottom and when Bitcoin will start rising all other good altcoin will also go up.

acidburn14

member

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Merit: 12

That is the reason why im buying alts pegged to btc. Just in case bitcoin soar high and alts will be left behind atleast the value of my money is more or less the same.

pranazzs

member

Activity: 532

Merit: 11

It seems so. So this is according to experience, if
BTC up ALT down
BTC down ALT down
BTC stable ALT rise.

cmarquez

newbie

Activity: 81

Merit: 0

I have different view on this actually when bitcoin pumps the majority movement of alternative coins also goes up and vice versa. Most of the altcoins now are very dependent to bitcoin that is why when there is huge movement happen to bitcoin alternative coin follows.

paramind22

hero member

Activity: 2730

Merit: 552

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?

Topic: If Bitcoin Spikes, Will Smaller Alts Go Lower? - page 3. (Read 292 times)