Topic: Is it bad for altcoin that BTC is dropping - page 6. (Read 24241 times)

Yes, it is bad, because altcoins are dropping as well after BTC failure! You should watch connection between these coins! It is something that is really connected!

When btc price is drop, it always affect to all altcoin. Usually altcoin gonna drop too depends on bitcoin when bitcoin price is dump, altcoin dump. When bitcoin moon usually altcoin price gonna moon too.

The influence of Bitcoin for all Altcoin is very large and I think all Altcoin are always based on Bitcoin. Bitcoin is the first coin and since I first entered the market, all of these coins always follow the growth of Bitcoin. So if Bitcoin will soar of course it will have a positive impact on all Altcoin.

Such decreases can always be, but what is important is not to panic , whales profit from panic sale..

Altcoins are capped to big 5 cryptocurrencies in terms of both price and liquidity. If someone wanna to get in ICO then he need to buy eth first for  later participate in ICO. Btc is still dominant crypto among other cryptocurrencies with more than 55 percent.

It's complicated. I noticed when bitcoin starts to grow much cheaper altcoins and Vice versa. In principle, this is logical and justified.

It is always bad for altcoins if the main coins is declining as they are very dependent on BTC price movements and following it. The price correlation between BTC and the altcoins is almost linear.

Usually when bitcoin drops alt drops and when bitcoin rise alt stay at the same price that's why bitcoin is a better investment in the short term good luck

If I had seen this question in that timeframe that you posted if , I would have screamed to the top of my lungs that the price of bitcoin affects the rise and fall of alts but with recent price trends, it seems this is not the case.

These posts of only a few months ago seem to belong to another era.
Of course the bitcoin drags the altcoins. Not only that, lacking confidence in other currencies, investors take refuge in the bitcoin, which in fact has lost, but less than the altcoin. Who knows when we will see the light again ...

I would also add:

If you see an altcoin regurarly performing upwards when BTC is going down, then maybe you should give a closer look to this altcoin

M8, check trading charts and you will see that the market CONSTANTLY rises up and  falls down as  BTC. So this question has only one answer: Yes, man, it is very bad for altcoins if BTC is beginning his fallen. 

Yes, the drop in the price of Bitcoin affects almost all altcoins negatively. I think the reason of this , when the bitcoin price starts to fall, that time the investors starting sell them altcoins. In this case, altcoin causes prices to fall.

One thing I'm expecting is altcoins to become less correlated with bitcoin in the coming months. I'm already seeing good seeds of this.

Probably that is bad for altcoins prices and i am very sure that altcoins will be affected if bitcoin is dropping the price, if this gonna happen we should hold our coins and wait the bitcoin price go up and do not make get panic selling because this is not good for your profit.

Obviously, as the altcoins value depends on Bitcoin (as they are in majority paired with BTC), they follows the Bitcoin's fluctuations.
About low/high values, it is bad and good; it depends on how you invest. If you bough Bitcoin in its highest value then sold now on its low value, it is bad. But if you buy when Bitcoin is low value and sell it when its on high value, it is good. So, the badness or goodness of Bitcoin/altcoin fluctuations depends the time you invest or sell.
An other thing is about brand new projects. Bitcoin can be with a highest value, but new projects undervaluated. They gives more profits (when they are potential good projects) than established coins, because of their very low value.
But if you prefer the "stable" coins, and an easier investment form (better than exchanges, easier, with no fees and no need for sellers/buyers/waiting for sell/buy orders), I recommend you CoinBundle. Also, they are about to receive brand new coins, because custom bundles will be available (and the creator of a bundle will earn when it is bough).
Bundles are like portfolios. Instead of choosing coins to build a portfolio, you buy a ready portfolio with coins you trust.
From conservative bundle, to emerging and aggressive, there is the greatest (for experienced investors - invest on those with care) bundle: top 20, containing the highest coins. Also, coinbasic (inspired on Coinbase Bundle) and halal (the world's first to comply with Islamic Finance).
But for beginners, I recommend the conservative bundle

It would be best to buy this time of bearish market if you have some money to spare because this will maximize your profits in the future when the market recover from its loss, thank me later 

This is the best suggestion in this time I think all of us should follow this rule I have never seen anyone making any income at panic selling. We should take part in this bearish market for buying at cheap and holding then until the price reaches to our goal of investment. So bitcoin is best to hold and to buy don’t worry about the other market just focus on your coin which is the most promising.

This is a good opportunity for those people who dream of buying most alternative coins at very low prices. During the fall of Bitcoin, alternative coins are really very cheap.

I also think that we should not panic. I believe that the cryptocurrency market will recover sometime. We must be patient.