Is Altcoins Follow BTC Rally? - page 3.

pantek talacuik

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Quote from: CapGelatik on August 21, 2022, 03:53:45 PM

no matter what the altcoin price will continue to follow the Bitcoin price,
when the market is bearish then the altcoin price will be very volatile,
just imagine Bitcoin only drops -10 but the Altcoin price will respond with a DUMP of up to -20% or more,
that's why altcoins are so terrible when bears market than hold Bitcoin itself.

This is tantamount to illustrating what is going on with the graph of what will happen to Bitcoin. If you see a decline that is happening right now. very sad to see the price drop from last year.

super bako

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Quote from: nira09 on August 26, 2022, 12:05:13 PM

Quote from: judaspriest on August 26, 2022, 11:39:37 AM

Altcoins still always follow the Bitcoin price, this has happened when the Bitcoin price was still below $10000,
especially when in 2016-2019 we know the movement of money from the crypto market and its cycles,
and it is proven that Bitcoin is the king of all cryptocurrencies, if bitcoin down, the altcoins will also go down

That's right, most of the Altcoins follow the Bitcoin trend, But sometimes there are some Altcoins that don't follow the Bitcoin trend for several different reasons such as because there is a big event, because they are in Hype or maybe because they are becoming a new trend maker.

Yes, big events can be the target of big investors. be ready first to make the main pump that will make the price go up or make ATH and get big profits. sometimes there is a project holding a big event that has not been able to bring the coin soar, some of this is just to lure investors.

nira09

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Quote from: judaspriest on August 26, 2022, 11:39:37 AM

Altcoins still always follow the Bitcoin price, this has happened when the Bitcoin price was still below $10000,
especially when in 2016-2019 we know the movement of money from the crypto market and its cycles,
and it is proven that Bitcoin is the king of all cryptocurrencies, if bitcoin down, the altcoins will also go down

That's right, most of the Altcoins follow the Bitcoin trend, But sometimes there are some Altcoins that don't follow the Bitcoin trend for several different reasons such as because there is a big event, because they are in Hype or maybe because they are becoming a new trend maker.

judaspriest

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Altcoins still always follow the Bitcoin price, this has happened when the Bitcoin price was still below $10000,
especially when in 2016-2019 we know the movement of money from the crypto market and its cycles,
and it is proven that Bitcoin is the king of all cryptocurrencies, if bitcoin down, the altcoins will also go down

Rupok

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Altacoin is no different from Bitcoin. Bitcoin price increases always coincide with altcoins, their price increases because altcoins are strongly influenced by bitcoin.Bitcoin is the king of all coins. When the value of Bitcoin goes down, so does the value of Altacoin, and when the value of Bitcoin goes up, so does the value of Altacoin.Basically all coins are related to Bitcoin. But I have noticed a difference for several days that many altcoins have not followed the price movement of bitcoin. While the price of bitcoin was decreasing, the altcoin was gaining a little bit in value.

Gayong88

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In my opinion, Altcoins can be driven by BTC sentiment. However, it also reverses when BTC will pump rather than altcoins pumping too. That's because Alts have been seen as a hedge for crypto investors when bitcoin is going through a rough patch that feels like allowing them to bounce back more quickly if the time comes.

The rise in the price of bitcoin always coincides with the alts seeing their price spike, but still I don't conclude that the recovery is due to the increased demand for bitcoin. It is up to the individual altcoins.

lalabotax

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Quote from: Pujangga on August 20, 2022, 08:57:09 AM

It can be said that the price of altcoins is strongly influenced by bitcoin, but there is a good thing that after the stable presence of coins the influence of bitcoin decreases, even I think the influence of strong altcoins such as BNB or ETH is stronger than bitcoin, as has happened since august that many altcoins are the opposite of bitcoin.

What do you mean by "the influence of the strong altcoins such as BNB or ETH"? Do you think they influence other altcoins?
I am not sure about this, but I never saw experts state that strong altcoins influence other altcoins. What I know so far is that Bitcoin influences altcoins since Bitcoin is the most pair of crypto coins. Bitcoin is also the icon of crypto coins, so it has a big role to determine the values of other coins.

CapGelatik

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no matter what the altcoin price will continue to follow the Bitcoin price,
when the market is bearish then the altcoin price will be very volatile,
just imagine Bitcoin only drops -10 but the Altcoin price will respond with a DUMP of up to -20% or more,
that's why altcoins are so terrible when bears market than hold Bitcoin itself.

Pujangga

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It can be said that the price of altcoins is strongly influenced by bitcoin, but there is a good thing that after the stable presence of coins the influence of bitcoin decreases, even I think the influence of strong altcoins such as BNB or ETH is stronger than bitcoin, as has happened since august that many altcoins are the opposite of bitcoin.

GelatikKembar

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Altcoins will not be separated from Bitcoin unless there is good news for the altcoins themselves,
but indeed not all of them can come out, Bitcoin is the parent of cryptocurrencies, and there is a cycle in it,
when Bitcoin goes up you can buy altcoins, and if bitcoin goes down of course altcoins will also go down.

CapGelatik

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Quote from: Stella Mese on August 19, 2022, 10:59:06 PM

Indeed, most alts always follow btc, if btc goes up, altcoins also go up, and many factors cause altcoins to follow btc, and one of them is because of people's psychology, so most people when they want to buy altcoins always look at btc

it has become a tradition, and has existed since the first altcoin was launched in the world of cryptocurrencies,
we can't avoid it, all we can do is follow it, it's easy, just sell our altcoin if the market is bearish, or bitcoin is dumps.

hichamito37

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Quote from: Stella Mese on August 19, 2022, 10:59:06 PM

Indeed, most alts always follow btc, if btc goes up, altcoins also go up, and many factors cause altcoins to follow btc, and one of them is because of people's psychology, so most people when they want to buy altcoins always look at btc

bitcoin is the king of the market so it is not difficult to understand that the entire movement of the market depends on bitcoin
you won't find growth altcoins if bitcoin drops in price, so when buying any altcoin, keep an eye on bitcoin's price movement.
but every time bitcoin drops slightly, altcoins will drop very strongly so it is advisable to invest most of it in bitcoin, only a small part should be put in altcoins

Stella Mese

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Indeed, most alts always follow btc, if btc goes up, altcoins also go up, and many factors cause altcoins to follow btc, and one of them is because of people's psychology, so most people when they want to buy altcoins always look at btc

soramon

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not correlated, but one fission and the same mission, which is to make it easier for all of us, only in my view. Alts do not always follow the price of bitcoin, that is, it does not mean that bitcoin increases so that alts also go up, but the impact that is given to alts must be with the rise and fall of bitcoin prices. "doesn't always follow"

meldrio1

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Most of the altcoins paired with bitcoin price so there is an effect the prices of altcoins if bitcoin is increase. If the bitcoin pumps then the altcoins will follows but if bitcoin dumps then the altcoins will dump as well... and sometimes altcoins will not following bitcoin movements so not every time the altcoins will follow bitcoin.

susuberuang

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Quote from: Icologies on February 26, 2021, 01:24:55 PM

if viewed from the current reality can be said like that when bitcoin has risen altcoin follows up but there is a slight difference in this Altcoins will not be able to follow like bitcoin, altcoins are only rising slowly and of course it takes a long time

Yes, I agree with you if altcoins grow when bitcoin is increasing, of course with a very different volume, but the point is that altcoins cannot do much if BTC has experienced a massive decline, the most valid example was in 2017 where BTC fell very drastically until it hits the 50 million mark, here we don't see any growth at all against altcoins, I conclude that BTC is the parent of all altcoins,

Icologies

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if viewed from the current reality can be said like that when bitcoin has risen altcoin follows up but there is a slight difference in this Altcoins will not be able to follow like bitcoin, altcoins are only rising slowly and of course it takes a long time

wxxyrqa

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Quote from: Ozero on February 26, 2021, 02:28:45 AM

Quote from: AssociatesBumble579 on February 22, 2021, 08:31:11 AM

Bitcoin always dominates the crypto market, which means that a decrease or increase in the value of a coin in the crypt market is accompanied by a decrease or increase in the value of bitcoin. So in this sense, it can be said that the speed of altcoin flows with the speed of bitcoin.

This doesn't always happen now. A few days ago, I was looking at the prices of cryptocurrencies on CoinMarketCap at a time when Bitcoin plummeted in price and was pleasantly surprised. Many altcoins did not follow the Bitcoin price movement and continued to show decent price gains. Moreover, this happened in the next few days, so it cannot be said that they simply did not have time to react to changes in prices on the market. Now, of course, only a few of them are still in green.
However, during the period of the current rise in the price of bitcoin, many altcoins have already reached high prices and this can actually be called a very peculiar season of altcoins.

The fact is that, according to many analysts, this correction is called technical. And yet, because of this, there is no need to panic, since such processes occur constantly after the active growth of the cryptocurrency rate. In the current period, not only ordinary users of cryptocurrency, but also big capital are looking for more profitable positions to enter the market, such as at the moment.

Ozero

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Quote from: AssociatesBumble579 on February 22, 2021, 08:31:11 AM

Bitcoin always dominates the crypto market, which means that a decrease or increase in the value of a coin in the crypt market is accompanied by a decrease or increase in the value of bitcoin. So in this sense, it can be said that the speed of altcoin flows with the speed of bitcoin.

This doesn't always happen now. A few days ago, I was looking at the prices of cryptocurrencies on CoinMarketCap at a time when Bitcoin plummeted in price and was pleasantly surprised. Many altcoins did not follow the Bitcoin price movement and continued to show decent price gains. Moreover, this happened in the next few days, so it cannot be said that they simply did not have time to react to changes in prices on the market. Now, of course, only a few of them are still in green.
However, during the period of the current rise in the price of bitcoin, many altcoins have already reached high prices and this can actually be called a very peculiar season of altcoins.

sayaya17

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What I see in the crypto market is like this, when bitcoin grows altcoins will definitely follow suit. Because bitcoin is one of the most interesting investment options,
bitcoin always dominates other crypto assets like most altcoins. which then ethereum is the second crypto asset that many enthusiasts besides bitcoin.
When Bitcoin goes down, most other altcoins will go down as well, but we can still find altcoins that don't follow bitcoin's direction.

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