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Topic: Is Altcoins Follow BTC Rally? - page 10. (Read 2049 times)

legendary
Activity: 1540
Merit: 1002
December 20, 2020, 09:18:19 AM
#47
Bitcoin is basically the mother of all altcoins where when the price of BTC is high altcoins follow suit. No wonder this has always happened because bitcoin is the symbol of all altcoins
Bitcoin can affect the price of other altcoins because bitcoin is indeed the trend center for crypto. so when the bitcoin price starts to go up, the altcoins will follow suit with a value according to the development of their project
hero member
Activity: 2184
Merit: 513
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December 20, 2020, 09:06:40 AM
#46
Bitcoin is basically the mother of all altcoins where when the price of BTC is high altcoins follow suit. No wonder this has always happened because bitcoin is the symbol of all altcoins
It's not caused by bitcoin was mother of altcoin but all of cryptos have been using the bitcoin as the base to determine the price for these coins.
You must also know that bitcoin just like a dollar that was also dominating the fiat market. It has been ruling the crypto market and that's why any altcoins will be following bitcoin rally otherwise when bitcoin dumped and altcoin as well.
member
Activity: 658
Merit: 10
Catena X
December 20, 2020, 07:25:31 AM
#45
In my opinion, Altcoins has something to do with Bitcoin. Where the two are related. many people who may not be able to invest in Bitcoin, then turn to altcoins to then own Bitcoin. So it's no wonder that if the price of Bitcoin increases, altcoins will follow suit. And the developers will definitely continue to try how to keep up with market trends so that their coins don't turn to ash.
member
Activity: 371
Merit: 65
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December 20, 2020, 07:06:47 AM
#44
Bitcoin is basically the mother of all altcoins where when the price of BTC is high altcoins follow suit. No wonder this has always happened because bitcoin is the symbol of all altcoins
hero member
Activity: 1232
Merit: 683
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December 20, 2020, 04:06:55 AM
#43
Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?
what I noticed is that when Bitcoin's Price increases. altcoins price increases only in term of USD value. the BTC value either remain same or even reduce sometime. maybe not all coins and tokens do same. but there is a token I've been following it's BTC price was 12 or 10 satoshi. and it's USD value was 0.01 or something like that when BTC was 18K. now BTC is 24k and it's USD value increased but satoshi price is same.
and that token is not even listed against any USD pair in exchanges.
sr. member
Activity: 1876
Merit: 318
December 20, 2020, 02:59:39 AM
#42
I am among those who believe that altcoins will indeed follow the increase in the price of Bitcoin, I said that because as long as
I invested in crypto it happened repeatedly. So for those who have been in the cryptocurrency world for a long time, they must
believe that the price of altcoins will follow the price of Bitcoin. The clearest evidence is what happened in 2017, when Bitcoin
rose to an all time high price, soon the altcoins price also rose to reach all time high prices.
legendary
Activity: 3010
Merit: 1028
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December 20, 2020, 02:43:32 AM
#41
Hopefully we will see a repeat of altcoin pumps similar to 2018. But there needs so be a correction in btc first.
The history already repeated and it was trying to break another record. the only thing that is not yet coming to the market was the altcoin bullish trend. The majority of people are FOMOing bitcoin while they are forgotten with altcoins. It's caused by institutional investors that have been luring so many new buyers to the market.
Im still waiting for the bullish trend on altcoin will be happening again. It's a very long time since ethereum was touching its ATH
member
Activity: 924
Merit: 12
December 19, 2020, 10:34:00 PM
#40
Yes of course in the majority of cases altcoins follow bitcoin and this is logic because all altcoins have ?/btc pair in exchanges and if the bitcoin rise other altcoins prices will automatically rise but there is some cases when people sell altcoins to buy bitcoin and in this case things will be Different
sr. member
Activity: 1484
Merit: 276
December 19, 2020, 08:54:27 PM
#39
Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?
Bitcoins price in USD is pushing altcoins value in USD too because most of them are paired with bitcoin. Every bull run we have on bitcoin alts always follows or sometimes some of the altcoins pump along with bitcoin but most of the time IMO and in my observation most altcoins pump when bitcoin gets a price correction but as I said that doesn't always happen because some pump along with bitcoin. I am assured that alt bull run will surely happen in the next few weeks or months I guess, lets just wait.
hero member
Activity: 2632
Merit: 833
December 19, 2020, 08:29:34 PM
#38
Hopefully we will see a repeat of altcoin pumps similar to 2018. But there needs so be a correction in btc first.

Yes, but the question is when bitcoin going to have a correction because currently we can't really this hype train as it keeps going and going to $25k. Although in 2017, altcoins already see a massive pump together with bitcoin. However, if I remember it correctly, the altcoins that pump are in the top ten and like every week manipulators will choose what coin to pump and then boom you will see a massive spike.

But when bitcoin decline at the start of 2018, that's the time that altcoin market really made it's one bull run, as majority of them touches their all time high in 2018.
member
Activity: 126
Merit: 10
December 19, 2020, 06:39:58 PM
#37
Hopefully we will see a repeat of altcoin pumps similar to 2018. But there needs so be a correction in btc first.
sr. member
Activity: 1190
Merit: 250
COMBONetwork
December 19, 2020, 06:36:22 PM
#36
well, of course, altcoins are just waiting for the time to come,
we all know what happened to altcoins in 2018, when the price of Bitcoin reached altcoin,
it gave a shock pump of up to 1000%, of course this could happen again this year, believe it.
full member
Activity: 412
Merit: 100
December 19, 2020, 06:19:32 PM
#35
Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?
Altcoins will follow Bitcoin because in the crypto market Bitcoin is the one who decides everything about price. When Bitcoin rises rapidly altcoins will take longer to increase in price, I observe that in a few days we will see Altcoins increased faster.
member
Activity: 518
Merit: 21
December 19, 2020, 04:48:43 PM
#34
It will depend on the marketing team of that altcoin. All demand from the altcoins are from its community. The more investors believing in the project rhe higher chance that it could get a good market value just like to what happen with ETH. But no coin could be like bitcoin in terms of marketcap volume wherein more than half of its market cap volume for cryptocurrency are coming from btc.
hero member
Activity: 2828
Merit: 518
December 19, 2020, 04:45:51 PM
#33
Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?
I'm not sure if you are new to crypto and you are not able to picture out the whole market changes from the start.
Bitcoin moves high and altcoins did the same, that is what it happening before. But this scheme has been changed this time, they are running in a different direction. Bitcoin pumps but altcoins still in the bearish season.

It is a very unusual thing to see that altcoins did the rally while Bitcoin going to dump but often to see that most of the time altcoins did a huge correction than seeing them in pump trend.
full member
Activity: 1470
Merit: 105
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December 19, 2020, 04:33:52 PM
#32
Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

because now almost all altcoin use Bitcoin to be paired when trading on exchange, so that it affects for the price of altcoin if the price of Bitcoin pump or dump, therefore many investors who hold altcoin must hope that if the price of Bitcoin increase very high, because every Bitcoin price increase will definitely affect for the price of altcoin (although sometimes there are some altcoin whose price falls when the price of Bitcoin increase, but that's just a few altcoin that happen).
member
Activity: 775
Merit: 11
December 19, 2020, 03:31:05 PM
#31
whether this is coincidence or not but the fact is that when the price of bitcoin goes up then some of the other top altcoins also go up, the increase in bitcoin price can have a positive impact on other altcoins too. You can see for yourself that some of the top altcoins like ETH, BNB, XRP, LTC etc. have experienced a rise in price.
full member
Activity: 2128
Merit: 180
December 19, 2020, 03:27:10 PM
#30
Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?
This is just a speculation and just the effect of Bitcoin dominance in the market where investors are too focus on Bitcoin because of a bull market and later on will transfer to alt market so they can pump it as well. I believe Altcoins will follow the Bitcoin trend, it may not happen this year but next year 2021 will be a great year for both Bitcoin and Altcoins.
member
Activity: 560
Merit: 26
December 19, 2020, 03:14:40 PM
#29
Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

Its natural way of the market, just like during the ICO times when Btc was having influence on alternative coins but 8 think the correlation has really reduced over time like the previous.
Check bitcoin capitalization, it's holding an estimation of 60% while altcoins dominate the rest of the market. The movement isn't really like past because majority of altcoins that were pump massively in during the alt season has been abandoned and much funds has been move into  Bitcoin.
member
Activity: 938
Merit: 13
AMEPAY
December 19, 2020, 02:42:06 PM
#28
Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?
The correlation between bitcoin and altcoins can be different at different times because there are a lot of factors involved and if we saw btc really flying and dominancy increasing further in coming weeks it would be a sign that other coins will also grow in usd value but they will only fly in real sense when btc settles or reverses.
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