Is the Bitcoin price hike followed by some Altcoins a scenario?

hari9981

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Quote from: indah rezqi on September 02, 2021, 03:27:50 AM

Bitcoin price rose to $50K today and is predicted to continue to increase until the end of the year. Today's Bitcoin price increase is also followed by Altcoins with a good percentage. Is the Bitcoin price hike followed by some Altcoins a scenario? Or are there other positive factors?

Its followed by Altcoins is a common behaviour since most of altcoins are related to Bitcoin on BTC-pair in the market. So, as Bitcoin price increased usually it will be followed by altcoins too.

molsewid

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Quote from: jostorres on September 05, 2021, 04:29:34 PM

I am pretty sure that most things that causes bitcoin to rise, are also reasons why altcoins rise as well, it is not really too different from each other. First of all there are many coins pegged to bitcoin in trading pairs, which means if the pair stays at the same level while bitcoin is going up in fiat, then it means that coin will go up as well so that's a big reason.

Secondly if bitcoin is promoted somewhere, then altcoins get a lot more attention as well, hence why they all go up together. Basically they are the same thing, if bitcoin rises then alts rise too because it requires less amount anyway hence it's easier to increase it, if there is 1+ billion dollars more coming into bitcoin, why shouldn't there be 5 million dollars going into.. say avax? So, they all go up and down together most of the time.

Bitcoin is one of the biggest part of the rising of cryptocurrency which people used to know bitcoin than the whole platform of digital currency. Personally I used to know that once a bitcoin price hike most likely it will greatly affect the altcoin prices too which in contrast on the state of price of bitcoin. But now as we can see in the market, the bitcoin price gets high and altcoins followed. I think it's not only that bitcoin price hike affected altcoin positively but because altcoins now were already have a good number of investors that believing in the project.

jostorres

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Quote from: indah rezqi on September 02, 2021, 03:27:50 AM

Bitcoin price rose to $50K today and is predicted to continue to increase until the end of the year. Today's Bitcoin price increase is also followed by Altcoins with a good percentage. Is the Bitcoin price hike followed by some Altcoins a scenario? Or are there other positive factors?

I am pretty sure that most things that causes bitcoin to rise, are also reasons why altcoins rise as well, it is not really too different from each other. First of all there are many coins pegged to bitcoin in trading pairs, which means if the pair stays at the same level while bitcoin is going up in fiat, then it means that coin will go up as well so that's a big reason.

Secondly if bitcoin is promoted somewhere, then altcoins get a lot more attention as well, hence why they all go up together. Basically they are the same thing, if bitcoin rises then alts rise too because it requires less amount anyway hence it's easier to increase it, if there is 1+ billion dollars more coming into bitcoin, why shouldn't there be 5 million dollars going into.. say avax? So, they all go up and down together most of the time.

haidil

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Quote from: CaVO32 on September 03, 2021, 04:36:21 PM

Quote from: haidil on September 03, 2021, 04:00:38 PM

We find it fun enough that this hike through the end of the year is going to be awesome. Altcoins tend to follow at least a few percent behind Bitcoin. Sometimes they are much higher in percentage.
We need to pay attention to the ongoing trend, the impact of Bitcoin's rise, if there is a portfolio value in altcoins, at least use it for short-term trading. In order to avoid Bitcoin downward flow.

And not all alts can follow the market trend of bitcoin. Most alts that can keep up with btc are top alts. But for new alts or small cap alts, they depend on the team's actions and developments. Don't expect that alts can automatically follow bitcoin's performance in the market because it is not. You still need to see the progress of each coin and see their capability to cope up with the market.

You are right, an altcoin that has a high market capitalization that we often see moving along with the Bitcoin market. At least 10-50 rankings on the Coin MarketCap need to be taken into account. Or maybe even more narrowly just the top 10 rankings. For me it is more than enough to review the portfolio in the future during this bull market.

indah rezqi

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Quote from: ChaoChibai on September 04, 2021, 04:22:01 AM

Quote from: indah rezqi on September 02, 2021, 03:27:50 AM

Bitcoin price rose to $50K today and is predicted to continue to increase until the end of the year. Today's Bitcoin price increase is also followed by Altcoins with a good percentage. Is the Bitcoin price hike followed by some Altcoins a scenario? Or are there other positive factors?

I believe the increasing of bitcoin price is the main factor behind altcoins hike price. bitcoin price is in a good condition right now, the price is gradually increasing from last month until now. I think the increasing price will be last for months and it will be followed by the alts.

Bitcoin prices are indeed in good condition and the increase in Altcoin prices in your opinion is due to the Bitcoin price factor, but not in my opinion. Do you see any signs that the current market is like a scenario?

If we observe and follow the price movements of Bitcoin and Ethereum and other Altcoins, then by now I am sure you will find something different from the usual. Up and down in just a matter of days.

semobo

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Quote from: semobo on September 03, 2021, 01:32:12 PM

Quote from: indah rezqi on September 02, 2021, 03:27:50 AM

Bitcoin price rose to $50K today and is predicted to continue to increase until the end of the year. Today's Bitcoin price increase is also followed by Altcoins with a good percentage. Is the Bitcoin price hike followed by some Altcoins a scenario? Or are there other positive factors?

Few days back also the price of bitcoin reached $50K by that time ethereum helped? Not really but the influence of Bitcoin price increase has slow effect on the altcoins that is the reason for the altcoins started to increase after the bitcoin price increase.

If you look at the fast price chart of btc, does this indicate that people are afraid to hold btc for a long time. and traders don't want to miss the price increase of btc just a little

Most of the investors prefers to HODL bitcoin more than anycoin that is the reason why the price of bitcoin is high and no coin is near to that. Meanwhile traders use the price increase of BTC to pump their altcoins as well by buying other coins simultaneously so the demand will be created there.

ChaoChibai

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Quote from: indah rezqi on September 02, 2021, 03:27:50 AM

Bitcoin price rose to $50K today and is predicted to continue to increase until the end of the year. Today's Bitcoin price increase is also followed by Altcoins with a good percentage. Is the Bitcoin price hike followed by some Altcoins a scenario? Or are there other positive factors?

I believe the increasing of bitcoin price is the main factor behind altcoins hike price. bitcoin price is in a good condition right now, the price is gradually increasing from last month until now. I think the increasing price will be last for months and it will be followed by the alts.

someone703

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I have listened and observed everything, many opinions say that the market will be pumped strongly next time and there are also opinions that will decrease. But what's actually going on with me is the sideways movement during the last period. I personally look at BTC from a different angle, when it fluctuates so much, the difference from $1000 to $20,000 is not significant, because I think BTC will achieve a much better price. And of course time is the way to judge everyone's opinions.

Boov

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Quote from: indah rezqi on September 02, 2021, 03:27:50 AM

Bitcoin price rose to $50K today and is predicted to continue to increase until the end of the year. Today's Bitcoin price increase is also followed by Altcoins with a good percentage. Is the Bitcoin price hike followed by some Altcoins a scenario? Or are there other positive factors?

There could be a positive factors that also contributes to this scenario that's happening right now, and I've seen good signs that altcoins was showing nowadays. Despite how volatile it was, some of my holdings that got good potential was already started gaining momentum while bitcoin was also pumping up to $50k these days.
I'd love to see one day, altcoins seasons like 2017 hopefully happening again and would raise some dead projects as well

dark1234

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The fundamental reason behind altcoins following Bitcoin is because the price of altcoins is usually measured in Bitcoins. These pioneering crypto assets may be flanked by more than 3,000 competitors, but still account for more than half of the entire crypto asset market cap. This dominance of the crypto market gives Bitcoin a lot of influence and control.

livingfree

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Quote from: indah rezqi on September 02, 2021, 03:27:50 AM

Bitcoin price rose to $50K today and is predicted to continue to increase until the end of the year. Today's Bitcoin price increase is also followed by Altcoins with a good percentage. Is the Bitcoin price hike followed by some Altcoins a scenario? Or are there other positive factors?

It's the usual pattern.

Whenever we see bitcoin goes up, you see ETH goes next and many altcoins that comes next to ETH are also hiking with its price.

It's not that new anymore to see them follow bitcoin when it's already rising on its price because they also do, many of them but not all.

CaVO32

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Quote from: haidil on September 03, 2021, 04:00:38 PM

We find it fun enough that this hike through the end of the year is going to be awesome. Altcoins tend to follow at least a few percent behind Bitcoin. Sometimes they are much higher in percentage.
We need to pay attention to the ongoing trend, the impact of Bitcoin's rise, if there is a portfolio value in altcoins, at least use it for short-term trading. In order to avoid Bitcoin downward flow.

And not all alts can follow the market trend of bitcoin. Most alts that can keep up with btc are top alts. But for new alts or small cap alts, they depend on the team's actions and developments. Don't expect that alts can automatically follow bitcoin's performance in the market because it is not. You still need to see the progress of each coin and see their capability to cope up with the market.

haidil

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We find it fun enough that this hike through the end of the year is going to be awesome. Altcoins tend to follow at least a few percent behind Bitcoin. Sometimes they are much higher in percentage.
We need to pay attention to the ongoing trend, the impact of Bitcoin's rise, if there is a portfolio value in altcoins, at least use it for short-term trading. In order to avoid Bitcoin downward flow.

Blitzboy

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Yeah, bitcoin has a decent impact on the cryptocurrency market and that is the main reason why many altcoins receive green candles today. However, the market does not always produce same result. Sometimes, when bitcoin increases, altcoins fall significantly. Therefore, if you make a long term investment in altcoins, do not concentrate too much on these kind of information because most of the time, they act like a distortion which causes you make wrong decision

semobo

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Quote from: indah rezqi on September 02, 2021, 03:27:50 AM

Bitcoin price rose to $50K today and is predicted to continue to increase until the end of the year. Today's Bitcoin price increase is also followed by Altcoins with a good percentage. Is the Bitcoin price hike followed by some Altcoins a scenario? Or are there other positive factors?

Few days back also the price of bitcoin reached $50K by that time ethereum helped? Not really but the influence of Bitcoin price increase has slow effect on the altcoins that is the reason for the altcoins started to increase after the bitcoin price increase.

Vaculin

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Quote from: indah rezqi on September 02, 2021, 03:27:50 AM

Bitcoin price rose to $50K today and is predicted to continue to increase until the end of the year. Today's Bitcoin price increase is also followed by Altcoins with a good percentage. Is the Bitcoin price hike followed by some Altcoins a scenario? Or are there other positive factors?

If you could check on the chart, you can definitely see that altcoins are mostly following Bitcoin's trend. I actually saying MOST because we can just simply giving some hopes for shitcoins to go along with the market trend but still keep dying.

If might happen that Bitcoin will reach for another ATH that was also expecting potential altcoins will also increasing. This has been witnessed many times and I think this was the same thing that we're able to see.

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Quote from: indah rezqi on September 02, 2021, 03:27:50 AM

Bitcoin price rose to $50K today and is predicted to continue to increase until the end of the year. Today's Bitcoin price increase is also followed by Altcoins with a good percentage. Is the Bitcoin price hike followed by some Altcoins a scenario? Or are there other positive factors?

It's not because of the scenario, but rather the increase in demand in the market so that it can increase simultaneously and simultaneously, now the market conditions have started to look good and it's good to take some profits through all altcoins and Bitcoin.

Ararbermas

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Quote from: indah rezqi on September 02, 2021, 03:27:50 AM

Bitcoin price rose to $50K today and is predicted to continue to increase until the end of the year. Today's Bitcoin price increase is also followed by Altcoins with a good percentage. Is the Bitcoin price hike followed by some Altcoins a scenario? Or are there other positive factors?

yep mostly altcoins in the market always following bitcoin when there's a uptrend or if it's bullish season of bitcoin , as the matter of fact even before wherein the price isn't this high, its happening very often.. Probably that's what it is wherein if there's no bitcoin they cannot go to the highest level like where they're now today. For me if it's possible maybe it's too slow and not very optimistic.. By thecway I'm just saying. Lol

indah rezqi

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Quote from: indah rezqi on September 02, 2021, 03:27:50 AM

Bitcoin price rose to $50K today and is predicted to continue to increase until the end of the year. Today's Bitcoin price increase is also followed by Altcoins with a good percentage. Is the Bitcoin price hike followed by some Altcoins a scenario? Or are there other positive factors?

An old prediction that starts to look more and more like it is coming true does it not? This time though I think ETH has to take the credit because it has been pushing so strong and is now like BTC 20% away from the current ATH. I think 4000 barrier broken will surely take BTC into 55k range.

Hopefully it's true and can bring BTC to the $55K range. Yesterday the Bitcoin price went up to $50K and it only took a while to go back down. I just saw the coin price chart on coinmarketcap, Bitcoin is already at $50K and it didn't take long for the price to drop again. Why can it be like this (up and down) only for a moment.

indah rezqi

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Bitcoin price rose to $50K today and is predicted to continue to increase until the end of the year. Today's Bitcoin price increase is also followed by Altcoins with a good percentage. Is the Bitcoin price hike followed by some Altcoins a scenario? Or are there other positive factors?

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