only the price of Bitcoin is increasing? - page 12.

vennali

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Quote from: kevinzxz on May 08, 2019, 06:24:31 PM

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

Its mostly people selling altcoins for bitcoin at these times. Other than that my observation is that whenever Bitcoin increases in price at a really fast pace, it causes altcoins to dump. A slow and steady increase, however causes altcoin prices to rise as well. The worst part is that if bitcoin dumps after going up, then it causes a bigger ripple in the altcoin market, and I have noticed they test newer lows which are even lower than their original prices.

aylabadia05

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I myself do not understand the movements of every coin price on the market, but not all altcoins experience it. and there is a possibility that the main reason is clear because the volume moves from altcoin to bitcoin, so the more trading volume on bitcoin will cause an increase in market capitalization in bitcoin, so the price of bitcoin will automatically increase.

Duzter

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Quote from: pooya87 on May 08, 2019, 10:19:46 PM

it is because traders only switch to altcoins whenever bitcoin price is stable and they can't make profit from that. so when bitcoin starts being volatile again they immediately come back to bitcoin market and that means dumping altcoins hence the market wide altcoin price drops each time bitcoin price rises or falls.
it is also because everyone is here to accumulate and increase their bitcoin holdings and all the rest (altcoin trading) exists to serve that purpose.

What's been mentioned is clearly getting reflected on the market, price of bitcoin keeps growing and on the other side there needs to be gradual growth with the altcoins. This time we haven't experiencing any form of gradual growth of altcoins along with bitcoin which show the traders dumping altcoins and accumulating bitcoin. The price has grown high to $6000 while ethereum stands close to $170.

partysaurus

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Quote from: marycrazy08 on May 08, 2019, 06:27:32 PM

Quote from: kevinzxz on May 08, 2019, 06:24:31 PM

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

I think the main reason is that, people are pulling their assets from Altcoins and dumping it to Bitcoin as it is increasing. When Bitcoin starts to drop, we might see people who will pull out from bitcoin and dump their assets to alts.

Yes saw something very similar to this in 2017 , xrp rocketed and alot of other alts in december right before btc got to its peak and started to drop when ppl where moving btc to alts instead.

iqlimasyadiqa

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Quote from: kevinzxz on May 08, 2019, 06:24:31 PM

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

The increase in the price of bitcoin is indeed very influential on other coin price movements. indeed, what feels affected is the altcoin because the biggest impact is the decline in altcoin prices. but there were just a few coins that had risen like ethereum. we are difficult to predict the price movements of digital currencies and everything can happen.

Afnan_faizah

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Quote from: kevinzxz on May 08, 2019, 06:24:31 PM

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

It is because people get saturated with token that they ever invest then forget it. People start to collect more bitcoin to join the next bitcoin bull market. After get enough profit from bitcoin then their purchasing power will increase then they will invest in new ICO project. There is no altcoin which can survive without good team behind it. So you better sell all of your altcoin for bitcoin now.

Yaunfitda

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Simply because investors are shifting their funds to bitcoin from altcoin market. You will also noticed that the marketcap is not moving that big which also tell us that constant moving of assets are going on and smart investors knows that bitcoin is the right to invest at this point.

pooya87

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it is because traders only switch to altcoins whenever bitcoin price is stable and they can't make profit from that. so when bitcoin starts being volatile again they immediately come back to bitcoin market and that means dumping altcoins hence the market wide altcoin price drops each time bitcoin price rises or falls.
it is also because everyone is here to accumulate and increase their bitcoin holdings and all the rest (altcoin trading) exists to serve that purpose.

Genemind

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Quote from: kevinzxz on May 08, 2019, 06:24:31 PM

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

Whenever bitcoin price moving upwards, expect that altcoin price will either be stable or might drop down a little.
People sell their altcoins to buy bitcoin to maximize their profit during bitcoin market recovery. Altcoin price will recover once bitcoin price becomes stable, once people starts buying back their trusted altcoin.

kotajikikox

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Quote from: kevinzxz on May 08, 2019, 06:24:31 PM

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

Be patience time has comes for cryptocurrency top altscoins becoming follow to increase in the king of crypto. We knows bitcoin starting to recovery so just stay relax and wait for the right time for the whole crypto bouncing.

DreamStage

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That's because each ALT / ICO coin has their own individual / exclusive price value.
When you see some of them following Bitcoin price is because those buyers / sellers are having an influence with bitcoin when they exchanging their ALTs.
Which makes ALT / ICOs following it's price.

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Quote from: kevinzxz on May 08, 2019, 06:24:31 PM

as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

I think the main reason is that, people are pulling their assets from Altcoins and dumping it to Bitcoin as it is increasing. When Bitcoin starts to drop, we might see people who will pull out from bitcoin and dump their assets to alts.

kevinzxz

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as we see, the price of Bitcoin starts to grow and soon the price of Bitcoin will reach $ 6000 or even more than that, but what is happening now is the price of other cryptocurrency does not increase when the price of Bitcoin increases, because usually the price of other cryptocurrency will increase also when the price of Bitcoin increases, so what do you think is happening now? does the price of Bitcoin not affect for the price of other cryptocurrency again?

Topic: only the price of Bitcoin is increasing? - page 12. (Read 1795 times)