Is Altcoins Follow BTC Rally? - page 7.

speedforce

full member

Activity: 758

Merit: 104

Quote from: DanielBroonze on December 19, 2020, 12:01:48 AM

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

The correlations is the money from investor that move from many ALTS to BTC and also some top Alts to ride the price. Same happen when BTC sideways, theres money move from BTC to ALTS so the ALTS up.

Viscore

hero member

Activity: 3038

Merit: 647

Quote from: Hamphser on December 27, 2020, 06:41:58 PM

~snip~
......always buy in the dip and when the time it recovers then that will surely be a profit.

Do this strictly on bitcoin only and you'll never have a problem, it's a guaranteed profit in the long run, bitcoin will dump due to correction but it always bounce back strong although some experts call it a bubble and when it dump it will not recover anymore.

Bitcoin and us just keep proving them wrong everytime. Grin

Wulan_maniez

full member

Activity: 840

Merit: 102

Unfortunately for most altcoins, if the price of Bitcoin rises, there will be a down trend risk to altcoins. Altcoins look very
weak compared to BTC. Because from a fundamental point of view, all cryptocurrencies are currently under pressure by
Bitcoin. While not all altcoins have declined if bitcoin has a rally. There were some altcoins that went up when bitcoin rallied.

Hamphser

sr. member

Activity: 2506

Merit: 328

Quote from: kapalmabur on December 27, 2020, 06:23:29 PM

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

You are right! They don't correlate from time to time because altcoins doesn't really always connect on how bitcoin moves and as mentioned you would
really be having a hard time on recovering or breaking even if you do make those kind of assumptions basing off on whats the trend between
alts and bitcoin itself. Try to observe and if you've been on this market for a while then you would really able to tell those differences.
You should always stick into those best or top rank ones when they do correct in price, always buy in the dip and when the time it recovers
then that will surely be a profit.

kapalmabur

sr. member

Activity: 2002

Merit: 250

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

thichtieuthuong

full member

Activity: 310

Merit: 101

Quote from: DanielBroonze on December 19, 2020, 12:01:48 AM

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

If you want to check if this is really correct I can show you as an example. When Bitcoin rises, altcoins also turn to rise and when Bitcoin falls, altcoins fall. you can see it on coinmarketcap.

Nellayar

full member

Activity: 868

Merit: 185

Roobet supporter and player!

Quote from: seleme on December 27, 2020, 03:56:28 PM

There is a correlation between altcoins and BTC, when the price of BTC touches ATH the altcoins will prepare the positions on charts to rocket up the ATH price too. In rare cases, BTC goes up while the altcoins stay on the same price range but the few altcoins can go as higher as possible. Let's see what will happen in altcoin markets if BTC can go higher than $30k.

+1
There are some altcoins which goes up when bitcoin moves up as well. These altcoins are belong to the top 10 altcoins in CMC ranking such as ethereum, ripple or binance. While other keep on dumping or staying the same price level. Bitcoin dominance still conquering the market and I think anytime other altcoins will follow the same track. There is a correlation between altcoins and bitcoin but most of the time they are negatively correlation.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

There is a correlation between altcoins and BTC, when the price of BTC touches ATH the altcoins will prepare the positions on charts to rocket up the ATH price too. In rare cases, BTC goes up while the altcoins stay on the same price range but the few altcoins can go as higher as possible. Let's see what will happen in altcoin markets if BTC can go higher than $30k.

Traderbtcc

full member

Activity: 1190

Merit: 123

★Bitvest.io★ Play Plinko or Invest!

History will always repeat itself one way or the other, same thing goes for the crypto market, whenever bitcoin is pumping altcoins are always the ones bleeding, even when bitcoin is dumping altcoins still dump ,although I have seen a few altcoins pumping along side bitcoin they are Eth and Ltc, I guess the crypto market follows bitcoin's market movement due to the bitcoin dominance, i doubt if there's any crypto trader that does technical analysis on any trade without checking on bitcoin first, cause without checking on bitcoin first you might just buy the altcoin at the top and bitcoin starts dumping hard,the coin you bought will definitely dump and you will be forced to either sell or hold the coin till it gets to the price you originally bought it.

kentrolla

hero member

Activity: 1540

Merit: 564

Eloncoin.org - Mars, here we come!

To me it looks like 50-50 there are underperforming coins as well also I think if in case BTC goes down then investors will focus on alts and there are possibilities of gradual pump.

But I can still see major alts coins are struggling for a big pump especially XRP, I down want to see any drop again as this is one of my favourite asset. BTC is still plays as a Trump card for alts which means they are dependent BTC even now.

Viscore

hero member

Activity: 3038

Merit: 647

Quote from: angrynerd88 on December 27, 2020, 10:08:18 AM

A few altcoins take after the bitcoin rally, but not all altcoin can do that since the other altcoin should wait for the proper time to extend. We can say its turn for bitcoin to urge a bullish drift after bitcoin is within the bear slant. It is in favorfor us since we are able make more bitcoin from the altcoin in case we offer our altcoin in bitcoin match altcoin. We will hold it until the bitcoin cost breaks another tall cost or offer it at the current cost. The altcoin will take its time to extend, no problem where the bitcoin cost will move.

Major altcoins even struggle, how much more on the low market altcoins. Bitcoin is still very bullish and there's no hype at the altcoins market, so people are really putting their money on bitcoin and I don't really expect this kind of big growth anymore and it look like $30k is even possible by the end of the year.

Altcoins season will come, but not this year for sure as we already have 4 days before the year ends, so hopefully next year altcoins will have some significant growth so this market will be a little balance and not fully dominated by bitcoin.

angrynerd88

sr. member

Activity: 910

Merit: 253

Hodlers Network

A few altcoins take after the bitcoin rally, but not all altcoin can do that since the other altcoin should wait for the proper time to extend. We can say its turn for bitcoin to urge a bullish drift after bitcoin is within the bear slant. It is in favorfor us since we are able make more bitcoin from the altcoin in case we offer our altcoin in bitcoin match altcoin. We will hold it until the bitcoin cost breaks another tall cost or offer it at the current cost. The altcoin will take its time to extend, no problem where the bitcoin cost will move.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: Jating on December 27, 2020, 06:56:38 AM

Again, with bitcoin ever changing narrative, I might say that the pattern might have change already.

Just look at the dominance of bitcoin, 70% currently and then what a super rally to touch new all time high of $27k and still growing. While the rest of the alts are lagging behind, Ethereum for instance are still down 50% from it's previous all time high.

So the whole altcoin follow the bitcoin rally is no where as close as to like 2017 or early 2018. Time has change, investors getting smart.

Indeed, the market growing but altcoins are still slow compared to the 2017 bullish season almost all altcoins do the rally unlike what we experience this time.

This is also to admit that altcoins are still depending on Bitcoin. The hypes that Bitcoin has now is also spread to the entire market. But those dead coins are no longer have that scheme, no wonder that if you are holding those things, never expect it rally the same but just to keep dead at all.

NNRR

member

Activity: 1568

Merit: 15

🪙 🪙 🪙 🪙

Some alt coin follow bitcoin rally and some altcoin huge down. Bitcoin condition now very critical moment any time huge up and huge down. So need wait btc price stable when bitcoin price stable obviously alt coin rally started

Vishnu.Reang

sr. member

Activity: 1974

Merit: 453

Just go to the Coinmarketcap and check the charts. It is pretty clear. When the rally started, the Bitcoin dominance was somewhere around 57%. Now this figure stands at 71%. Assuming that some 5% of the market cap is made up of Bitcoin forks and stablecoins, that means that the altcoin market cap has fallen from 38% to 24% during the same period. What happening now is the exact opposite of the situation we had in 2017.

Jating

hero member

Activity: 2842

Merit: 772

Again, with bitcoin ever changing narrative, I might say that the pattern might have change already.

Just look at the dominance of bitcoin, 70% currently and then what a super rally to touch new all time high of $27k and still growing. While the rest of the alts are lagging behind, Ethereum for instance are still down 50% from it's previous all time high.

So the whole altcoin follow the bitcoin rally is no where as close as to like 2017 or early 2018. Time has change, investors getting smart.

DamonWilliam

jr. member

Activity: 35

Merit: 2

Quote from: DanielBroonze on December 19, 2020, 12:01:48 AM

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.

JHORN

member

Activity: 252

Merit: 15

Sovryn - Brings DeFi to Bitcoin

Few altcoins follows bitcoin rally but not much, the gains aren't like that of January 2018, I believe it's not the right time for altcoin season yet and the fact is Bitcoin dominance is still growing higher, over 70% today, it might take longer before we see altcoins bullseason in action

JackieAinsley

jr. member

Activity: 148

Merit: 1

Quote from: TastyChillySauce00 on December 27, 2020, 02:53:59 AM

Quote from: ?? on ??

I think it’s for maximum alts and not for all alts, when bitcoin bullish run maximum major alts follow this run.

it's not true. This time bitcoin has surpassed 27k and then altcoin is not moving to the bitcoin's position. Altcoins were loosing on its value against bitcoin. Altcoin can't go along with the bitcoin pump.
Some altcoins may able to follow the bitcoin's trend but it's not the whole of market will turn into the bullish trend.
We should understand the situation that is still happening right now. Bitcoin may go even higher than before.

Bitcoin has the biggest capitalisation and the most develop ecosystem.
But all altcoins different. It is not a good idea to compare bitcoin with altcoins.
A lot of depends how useful are altcoins.
Some altcoins are used to make the environment clean. Here are some information https://moss.earth/blog.

TastyChillySauce00

legendary

Activity: 2982

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

I think it’s for maximum alts and not for all alts, when bitcoin bullish run maximum major alts follow this run.

it's not true. This time bitcoin has surpassed 27k and then altcoin is not moving to the bitcoin's position. Altcoins were loosing on its value against bitcoin. Altcoin can't go along with the bitcoin pump.
Some altcoins may able to follow the bitcoin's trend but it's not the whole of market will turn into the bullish trend.
We should understand the situation that is still happening right now. Bitcoin may go even higher than before.

Topic: Is Altcoins Follow BTC Rally? - page 7. (Read 2001 times)