Most of the old and so-called stable altcoins like Ether, Litecoin, etc. are following Bitcoin but slower.
Bitcoin has many ATH this month while none of the big alts is even close to ATH. I expect this situation to continue.
Topic: Is Altcoins Follow BTC Rally? - page 6. (Read 2053 times)
Always correlation was direct and alts grew with the main cryptocurrency, but some time ago situation changed and despite on BTC now is 70% of the market, another coins have own movements and bitcoin influence is lower than before. Of course it`s still big and market direction is definited by Bitcoin direction, but alts became more independent
Direction may differ from one currency to another. We can't say when bitcoin & altcoins both will up or down or go opposite.but if bitcoin take a big move, then altcoins also take moves but the fact is, some of those follow the bitcoin rally, some of those remain stake & rest of others dump.but i exprianced that, most of altcoins always dump, no matter bitcoin goes up or down.at this moment same thing is happening which is complex situation for us
Bitcoin is the king of crypto. If bitcoin will pump not only altcoin the whole market are pump and same to dump. In my opinion altcoins not follow bitcoin but the price are up or down for bitcoin.
Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?
Altcoins really do follow bitcoin's price movement that when the price goes ups, most altcoins prices go up as well and vise versa. It is the reason why most investors are not only happy with bitcoin's price today that they are also earning a considerable amount of profit with their altcoins because their prices are stable and growing.
Altcoins are showing the bullish sign but still not good enough, even few altcoins that have low market cap are benefiting already from the bitcoin pump, if you know what's good for you Its definitely the right time to consider few altcoins just in case, I'm sure that once bitcoin is done altcoin count down to bullish momentum will begin
BTC Rally is followed directly by eth. Even if you don't move the price of other altcoin, eth will move. There is a specific price difference between Bitcoin and ETH. If the price of Bitcoin increases more and the price of Eth decreases, then it will be equal between the specified period.
If the price of Ethereum has decreased but Bitcoin has increased, then the price of Ethereum has decreased for only a moment. Going back up in my opinion. but if Bitcoin goes down a lot then everything will return to its old price.
I hope the price of bitcoin can continue to rise because that will make other coins follow the trend of bitcoin
It is beneficial for us since we can make more bitcoin from the altcoin on the off chance that we sell our altcoin in bitcoin pair altcoin. We can hold it until the bitcoin value breaks the following exorbitant cost or sell it at the current cost. Despite the fact that there are still situations where Bitcoin will be on the run and a great many people will sell their altcoins to be important for the development inside Bitcoin, anyway this is seen significantly in other altcoins not among the top.
Other altcoins have experienced less surprising increases than Bitcoin. It's not that obvious to see altcoins growing slowly.
How many of the altcoins are having real life usage? Also, the current rally was triggered by integration of Bitcoin by PayPal and Square. The altcoins are having no role in this spike, and it surprises me that some of the alts have managed to go up by 100%-200% during the last few months. But in the coming months, I expect the altcoin market share to decrease steeply. They will be unable to maintain current levels, at which they are clearly overpriced.
BTC Rally is followed directly by eth. Even if you don't move the price of other altcoin, eth will move. There is a specific price difference between Bitcoin and ETH. If the price of Bitcoin increases more and the price of Eth decreases, then it will be equal between the specified period.
If the price of Ethereum has decreased but Bitcoin has increased, then the price of Ethereum has decreased for only a moment. Going back up in my opinion. but if Bitcoin goes down a lot then everything will return to its old price.
Good thing bitcoin doesn't dump yet, and though ETH has increased $730 today, I think it will not reach $1,000 by the end of the year and the moment bitcoin will start to dump, ETH will have the same fate. The market is still about FUD and FOMO, we are in FOMO now, but correction starts, FUD happen.
Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?
The market has changed tremendously from what it's used to be or from what is normally experienced. Before now, when Bitcoin rally Altcoins doesn't because a lot of people always move funds to Bitcoin in order to profit more from it, hence causing the dump of altcoins. But nowadays, with Bitcoin rally some altcoins are still moving up which are mostly within top 100 in coinmarketcap, but their movements however can't be compared with that of Bitcoin. On the other hand, most people are still believing there will be an altcoin season, but that looks like it is going to be tough because Bitcoin dominance is not slowing down and Bitcoin on the other hand is looking towards leaving another ATH. Therefore, to answer the question to the best of my understanding, I would say a very little number of altcoins follow Bitcoin rally.
BTC Rally is followed directly by eth. Even if you don't move the price of other altcoin, eth will move. There is a specific price difference between Bitcoin and ETH. If the price of Bitcoin increases more and the price of Eth decreases, then it will be equal between the specified period.
Bitcoin price is inversely related to altcoin price. Whenever Bitcoin price goes up, altcoin price goes down since people sell their altcoins to buy bitcoin. People buys back their altcoin once Bitcoin price correction occurs or it becomes stable.
That is not the case. I have seen exactly the opposite during the last 8 years. Whenever the Bitcoin prices go up, the altcoin prices also show an increase. Even during the current rally, you will be able to notice this. Altcoins such as Ethereum have gone up by more than 200%, which is comparable to the gains made by Bitcoin recently. There may be a few exceptions, but most of the altcoins show an increase in their exchange rates.
That used to be the belief until the ongoing bull run. Most of the altcoins don't really follow the price rise as expected. It is only ethereum that does a little better. The rise in the price of XRP we saw few weeks ago was as a result of it being required to be eligible for an airdrop and the moment the snapshot took place, it got dumped again before the Sec attack on it.
Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?
Bitcoin is like a father, he is the father of all other coins.Alternative cryptocurrency coins, as they call the "children" of Bitcoin, grows behind Bitcoin, when it grows, the rest of the cryptocurrency market grows. When its price falls, then the rest of the market falls in the same way, I think here I have described the whole relationship between Bitcoin and Alternative Cryptocurrencies.
It's just how most of people picture it by pairing it to BTC really, not a rare occasion where alts just get outright crushed because the market cap got seized by BTC. there's just no obvious pattern that these alts follows.
altcoins do not follow the bitcoin rally, you should know that, yes even though there are altcoins that follow bitcoin,
but almost all altcoins when the price of Bitcoin goes up altcoins will experience sideways and even dumps,
don't choose altcoins carelessly if you don't want your portfolio to decrease
In the second half of 2017, when Bitcoin began to rise sharply in price, almost all altcoins also experienced strong growth. The next year, when the price of bitcoin dropped 70 percent, altcoins fell in price by 90 to 95 percent. Now the growth of altcoins after bitcoin is observed, however, altcoins are growing in price very slowly. Moreover, some show relatively good growth, others are very weak, and still others even practically stand still or even fall a little. Probably, it should be so. Everything should depend on the prospects of our coins and tokens.but almost all altcoins when the price of Bitcoin goes up altcoins will experience sideways and even dumps,
don't choose altcoins carelessly if you don't want your portfolio to decrease
altcoins do not follow the bitcoin rally, you should know that, yes even though there are altcoins that follow bitcoin,
but almost all altcoins when the price of Bitcoin goes up altcoins will experience sideways and even dumps,
don't choose altcoins carelessly if you don't want your portfolio to decrease
In the second half of 2017, when Bitcoin began to rise sharply in price, almost all altcoins also experienced strong growth. The next year, when the price of bitcoin dropped 70 percent, altcoins fell in price by 90 to 95 percent. Now the growth of altcoins after bitcoin is observed, however, altcoins are growing in price very slowly. Moreover, some show relatively good growth, others are very weak, and still others even practically stand still or even fall a little. Probably, it should be so. Everything should depend on the prospects of our coins and tokens. but almost all altcoins when the price of Bitcoin goes up altcoins will experience sideways and even dumps,
don't choose altcoins carelessly if you don't want your portfolio to decrease
Bitcoin price is inversely related to altcoin price. Whenever Bitcoin price goes up, altcoin price goes down since people sell their altcoins to buy bitcoin. People buys back their altcoin once Bitcoin price correction occurs or it becomes stable.
That is not the case. I have seen exactly the opposite during the last 8 years. Whenever the Bitcoin prices go up, the altcoin prices also show an increase. Even during the current rally, you will be able to notice this. Altcoins such as Ethereum have gone up by more than 200%, which is comparable to the gains made by Bitcoin recently. There may be a few exceptions, but most of the altcoins show an increase in their exchange rates.
Bitcoin price is inversely related to altcoin price. Whenever Bitcoin price goes up, altcoin price goes down since people sell their altcoins to buy bitcoin. People buys back their altcoin once Bitcoin price correction occurs or it becomes stable.
Altcoins will always follow Bitcoin no matter which direction bitcoin takes, it could just take a bit of time. You could realize that when bitcoin goes up, alts go up a bit later, so it is still the same direction, but just a bit more later than usual and that's it.
This is why I think it is quite important to actually get into alts at the right time, if you could get in at the right time you could make a lot of profit from it. And of course I think it is quite important to invest into bitcoin as well, because it can rally really high very quickly all before everything else, you could profit from it even today after it has increased so much.
ETH went up like 3x so far and I think there is room for at least another 3x increase this year, as long as that eth 2.0 is real we can see much bigger increases. All in all I see big potential for 2021 to be one of the best years ever.
This is why I think it is quite important to actually get into alts at the right time, if you could get in at the right time you could make a lot of profit from it. And of course I think it is quite important to invest into bitcoin as well, because it can rally really high very quickly all before everything else, you could profit from it even today after it has increased so much.
ETH went up like 3x so far and I think there is room for at least another 3x increase this year, as long as that eth 2.0 is real we can see much bigger increases. All in all I see big potential for 2021 to be one of the best years ever.
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