Post halving, why are altcoins the most affected

Bulltard

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Quote from: tengui on May 11, 2024, 08:39:38 AM

Both (ETH and DOGE) are big altcoins, it is very possible that the price of both will increase drastically due to the impact of the Bitcoin halving. However, for now, most investors are still focused on Bitcoin and it is very likely that after the halving ends, both will attract investors' attention. both are altcoins with great community because ETH is the king of altcoins and DOGE is the king of meme coins. investing in both becomes a good choice when altcoin season comes.

do you have an eta on when the halving ends please? Grin

tengui

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Both (ETH and DOGE) are big altcoins, it is very possible that the price of both will increase drastically due to the impact of the Bitcoin halving. However, for now, most investors are still focused on Bitcoin and it is very likely that after the halving ends, both will attract investors' attention. both are altcoins with great community because ETH is the king of altcoins and DOGE is the king of meme coins. investing in both becomes a good choice when altcoin season comes.

Bulltard

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Quote from: Jon pyagbara on April 26, 2024, 09:22:49 PM

Bitcoin halving might have come and gone, but we won't forget the immediate impact it had on the crypto market especially altcoins, The immediate impact of the halving this year is not like business as usual when we always have a bull run after the halving event, we are experiencing a decline in price in Bitcoin and the crypto market in general with altcoins the most affected, some altcoins witnessed a 50% decline in price, while most experienced a slight decline in price, Analytically some investors have predicted a bull run by next year which will also in turn affect the rise in price of some altcoins too, so putting this into consideration there are few altcoins to put our eyes on so we can Hodl which is the ETH and DOGE as they might experience a significant bull run in less than no time,

again...wut? your post has so many mistakes.
anyway, to answer your question: maybe because you'll get more xxx from a low mc coin? you can get a x100 from a $1m mc coin but good luck getting a x100 from bitcoin.

Sophokles

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Quote from: Zanab247 on May 10, 2024, 11:44:33 AM

Quote from: strunberg

This is why Bitcoin is called the "mother of cryptocurrencies". Bitcoin reflects how investors behave in managing their money in crypto. And Bitcoin also affects the psychology of crypto investors which will affect everyone including those who invest in altcoins. Simply put, when the price of Bitcoin goes down, people will get scared and they will sell their assets. Of course there is a scientific explanation for this but psychologically it is a reaction of the altcoin market which depends on the value of Bitcoin.

Many hodlers have learned how to use BTC price to determine, what will happen to altcoins price because once the price of BTC is pumping in a particular season, it will be giving some altcoins the opportunity to start pumping to allow their hodlers to earn like BTC hodlers too.

The psychology have made many investors not to put all their money in altcoins only, which is the reason they use to divide the money and let half go to BTC and the remaining half will go to the altcoins, so that their profit will be big when bull run occur.

Anytime, you want to buy BTC and altcoin from the market, let the bear run occur before you can buy because that is the best season you can achieve your plan in the future.

Usually, when BTC starts pumping and BTC dominance is also increasing, that means money flows from altcoin to bitcoin. At this time, altcoins bleed on the other hand bitcoins rally upward. Bitcoin dominance has a major impact on the altcoin market and if you can read bitcoin dominance chart you will be able to identify all-season easily. Waiting for the bear to fade away and bull to appear can be costly as there isn't any exact way to predict the change correctly.

Zanab247

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Quote from: strunberg

This is why Bitcoin is called the "mother of cryptocurrencies". Bitcoin reflects how investors behave in managing their money in crypto. And Bitcoin also affects the psychology of crypto investors which will affect everyone including those who invest in altcoins. Simply put, when the price of Bitcoin goes down, people will get scared and they will sell their assets. Of course there is a scientific explanation for this but psychologically it is a reaction of the altcoin market which depends on the value of Bitcoin.

Many hodlers have learned how to use BTC price to determine, what will happen to altcoins price because once the price of BTC is pumping in a particular season, it will be giving some altcoins the opportunity to start pumping to allow their hodlers to earn like BTC hodlers too.

The psychology have made many investors not to put all their money in altcoins only, which is the reason they use to divide the money and let half go to BTC and the remaining half will go to the altcoins, so that their profit will be big when bull run occur.

Anytime, you want to buy BTC and altcoin from the market, let the bear run occur before you can buy because that is the best season you can achieve your plan in the future.

strunberg

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Quote from: Alone055 on May 09, 2024, 03:56:30 PM

Altcoins and their prices aren't directly connected with the price of Bitcoin, and sometimes we can see some altcoins moving independently when Bitcoin is either stagnant or moving to another direction, the reason is that people are investing in those altcoins and the demand is high, because not only Bitcoin but all cryptocurrencies go up or down based on their demand increasing or decreasing.

But most projects move with the price of Bitcoin. This is the market reaction I have mentioned before. People tend to use bitcoin as a reference for speculating. I'm not talking about 1 or 2 percent increases but 20 to 50 percent increases for altcoins. There have been cases where altcoins rose tens of percent but bitcoin was stable. This can happen because of hype or trends. My conclusion is that if Bitcoin is stable or rises, altcoin prices will tend to rise. If Bitcoin falls then actcoin prices will tend to decline.

terrific

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Quote from: Silberman on May 09, 2024, 03:58:41 PM

This is the most likely explanation, since someone that invested in bitcoin would not care too much about the small setback that we are going through, and if anything they may think the current price is a great thing as it will allow them to get some more bitcoin for their fiat during the next months, only those that were expecting a sudden and abrupt bull market and that invested in shitcoins will be disappointed by what we are seeing, as they are desperate to get some short term profits.

Many don't realize that. When the market goes on a pull down, they are scared and worried but don't think outside the box.
And what's outside the box is what you've said that they can get more Bitcoin or any altcoins that they're interested to invest with their fiat.
That should be taken as a moment for advantaging the situation rather than to complain, panic and cry out.

Silberman

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Quote from: rodskee on May 08, 2024, 01:44:20 AM

yeah I think that he did invest in shitcoins because this is not what a bitcoin investors do
and for me? i hardly find myself investing in below rank 50 so what more in top 100 and lower as
i see no good future on them , yeah there are some that can reach to top but that is very few
from what is really having great potential.

This is the most likely explanation, since someone that invested in bitcoin would not care too much about the small setback that we are going through, and if anything they may think the current price is a great thing as it will allow them to get some more bitcoin for their fiat during the next months, only those that were expecting a sudden and abrupt bull market and that invested in shitcoins will be disappointed by what we are seeing, as they are desperate to get some short term profits.

Alone055

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Quote from: strunberg on May 01, 2024, 10:14:55 AM

This is why Bitcoin is called the "mother of cryptocurrencies". Bitcoin reflects how investors behave in managing their money in crypto. And Bitcoin also affects the psychology of crypto investors which will affect everyone including those who invest in altcoins. Simply put, when the price of Bitcoin goes down, people will get scared and they will sell their assets. Of course there is a scientific explanation for this but psychologically it is a reaction of the altcoin market which depends on the value of Bitcoin.

True.
Some people often say that altcoins follow the movements of Bitcoin whether it goes up or down, but they don't know how it actually works and why it happens. The reason behind altcoins following the movements of Bitcoin is that altcoin investors consider Bitcoin to be the leader of the market which is true, so when they see that there is either a correction, or some bad news circulating in the market which might affect the price of Bitcoin, they start dumping their altcoins in the fear that they might lose money if the market crashes, and when they do so, the prices of altcoins start moving along with Bitcoin.

Altcoins and their prices aren't directly connected with the price of Bitcoin, and sometimes we can see some altcoins moving independently when Bitcoin is either stagnant or moving to another direction, the reason is that people are investing in those altcoins and the demand is high, because not only Bitcoin but all cryptocurrencies go up or down based on their demand increasing or decreasing.

Ndabagi01

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Actions are most affected because they’ve to one trend of the market. If bitcoin will be affected by the halving and come down in price, so will altcoins. The percentage at which altcoins will reduce can’t be compared to that of bitcoin. The stance of bitcoin is not something that any alt coin can also withstand, so their drastic fall which has affected a lot of them. Altcoin season are also coming and it happens during the bull run time, if they can survive the market pressure and be able to reach the time of the bull run, most of them will do well and I’m not talking about the pump and hype coins in this case.

Tmoonz

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Quote from: Jon pyagbara on April 26, 2024, 09:22:49 PM

Bitcoin halving might have come and gone, but we won't forget the immediate impact it had on the crypto market especially altcoins, The immediate impact of the halving this year is not like business as usual when we always have a bull run after the halving event, we are experiencing a decline in price in Bitcoin and the crypto market in general with altcoins the most affected, some altcoins witnessed a 50% decline in price, while most experienced a slight decline in price, Analytically some investors have predicted a bull run by next year which will also in turn affect the rise in price of some altcoins too, so putting this into consideration there are few altcoins to put our eyes on so we can Hodl which is the ETH and DOGE as they might experience a significant bull run in less than no time,

Yeah it has been said that historical events is not a guarantee of the future events and this what every investor should have in mind by focusing on seeing historical events as only a guide for the future events, altcoins coins was not just affected but is as a result of the fact that there performance solely depends on Bitcoin, while Bitcoin went down after the halving it was also expected that other coins will go down too.

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Quote from: Despairo on April 27, 2024, 10:48:32 AM

Because most people convert their altcoins to Bitcoin and whenever Bitcoin price drop, altcoins goes lower than Bitcoin.

Quote from: rodskee on April 27, 2024, 08:08:22 AM

I don't know where did you get that most affected when if you check the market Bitcoin is also
affected big , or you are asking about Shitcoins ? of course what can you expect support from them
when the truth is they will have an increase when there is manipulation happen , when the scammers
or the manipulator are ready to bag your money.

It's no doubt he invest in shitcoins that ranks below top 100, so the price is more unstable and didn't move like what he expect. But, that's the risk of invest in shitcoins, @OP must know about the risk. If he think he will easily flip his money during Bitcoin halving, it's really wrong.

yeah I think that he did invest in shitcoins because this is not what a bitcoin investors do
and for me? i hardly find myself investing in below rank 50 so what more in top 100 and lower as
i see no good future on them , yeah there are some that can reach to top but that is very few
from what is really having great potential.

strunberg

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This is why Bitcoin is called the "mother of cryptocurrencies". Bitcoin reflects how investors behave in managing their money in crypto. And Bitcoin also affects the psychology of crypto investors which will affect everyone including those who invest in altcoins. Simply put, when the price of Bitcoin goes down, people will get scared and they will sell their assets. Of course there is a scientific explanation for this but psychologically it is a reaction of the altcoin market which depends on the value of Bitcoin.

rodskee

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Quote from: Despairo on April 27, 2024, 10:48:32 AM

Because most people convert their altcoins to Bitcoin and whenever Bitcoin price drop, altcoins goes lower than Bitcoin.

Quote from: rodskee on April 27, 2024, 08:08:22 AM

I don't know where did you get that most affected when if you check the market Bitcoin is also
affected big , or you are asking about Shitcoins ? of course what can you expect support from them
when the truth is they will have an increase when there is manipulation happen , when the scammers
or the manipulator are ready to bag your money.

It's no doubt he invest in shitcoins that ranks below top 100, so the price is more unstable and didn't move like what he expect. But, that's the risk of invest in shitcoins, @OP must know about the risk. If he think he will easily flip his money during Bitcoin halving, it's really wrong.

ohhh , then that is the problem now because he seems to be expecting much from
those altcoins but the problem is that shitcoins isn't the priority now instead we are waiting
for ranking currency first after bitcoin.
and this is the problem if you are supporting shitcoins instead of safe currency in rank 1-10

jaberwock

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Quote from: ndutndut on April 27, 2024, 06:56:43 AM

Quote from: batang_bitcoin on April 27, 2024, 02:32:12 AM

Many of the altcoins are going to pump when we come into the phenomenon of "altcoin season". That's where a lot of altcoins are going to come into its pump but it's not limited to ETH and Doge. However, the two that you've mentioned are likely to have their own soaring moments but I don't know when it's going to start and for how long it's going to be like that. Just ready for whatever the market will show when we're already in the altcoin season but I have no idea when.

Because altcoins often attract the interest of investors who seem to have potential after the Bitcoin halving, recently the crypto market has experienced a lot of turmoil, especially after the halving, several altcoins experienced significant increases. This is because if we refer to history, the rise in altcoins tends to start immediately after Bitcoin halves. This has historically been a catalyst for changing market dynamics, affecting not only Bitcoin, but altcoins as well.

Typically an altcoin rally is characterized by a rapid and substantial increase in the altcoin's market capitalization compared to Bitcoin. This phenomenon often occurs every halving and is usually short-lived and often does not last more than a few months. because at the same time the capital will return to Bitcoin.

You mean they can now potentially invest on other assets such as altcoins because they now have an extra money? That is possible but as we can see, the BTC halving didn't make the price of BTC to pump more, or maybe the effects of it are still loading... , so it's also a good idea if they can wait. That would be funny if the ones who rise after BTC halves are the altcoins and not BTC itself but those who invest on it are happy for that.

Alt season not lasting more than a few months which means that it runs for one or two months which is a good allocated time already for the alt users to party. It's not what you called as short-lived. BTC users can only wish that BTC bull run can at least last that long too, as it is the ones who is always short-lived.

d-baet guns

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If we're waiting for next year then it's definitely a hard time for us to earn higher profits. For my assets, not all has the value some eth tokens became worthless and mostly those were airdrop tokens that didn't continue to prosper.
What I'm hoping today is to earn from small investments through trading sites, but it's no that easy because it needs full time and dedication.

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To earn income from small investments through trading sites is not easy. because it requires sufficient time and experience. Trading requires good research, sufficient experience in understanding the market and patience in waiting for the right moment to buy or sell. With full commitment, you may be able to achieve this goal, even though it takes quite a long time, that can be your experience in investment trading.
It is not impossible to earn income from small investments through trading sites as long as we are consistent.

Magic-Money

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Bitcoin halving is the most central attraction of alt-coins in the cryptocurrency market which is the cause of the alt-coins price increase and Bitcoin will be scarce along side with respect of Bitcoin miner

senyorito123

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Quote from: Jon pyagbara on April 26, 2024, 09:22:49 PM

Bitcoin halving might have come and gone, but we won't forget the immediate impact it had on the crypto market especially altcoins, The immediate impact of the halving this year is not like business as usual when we always have a bull run after the halving event, we are experiencing a decline in price in Bitcoin and the crypto market in general with altcoins the most affected, some altcoins witnessed a 50% decline in price, while most experienced a slight decline in price, Analytically some investors have predicted a bull run by next year which will also in turn affect the rise in price of some altcoins too, so putting this into consideration there are few altcoins to put our eyes on so we can Hodl which is the ETH and DOGE as they might experience a significant bull run in less than no time,

If we're waiting for next year then it's definitely a hard time for us to earn higher profits. For my assets, not all has the value some eth tokens became worthless and mostly those were airdrop tokens that didn't continue to prosper.
What I'm hoping today is to earn from small investments through trading sites, but it's no that easy because it needs full time and dedication.

Bushdark

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Quote from: bluebit25 on April 27, 2024, 07:24:25 PM

To me, if you look at the issue the OP mentioned, there are many scenarios behind this, like political events affecting the economy.

And in this space Bitcoin is mentioned the most as the way it shows influence, investment money will prioritize less risky things and we have also witnessed the growth of bitcoin taking place. Things are still quite easy for me as many of the altcoins I'm waiting for haven't really dropped to the area I expected, but simply put, corrections or fluctuations in bitcoin always have a direct impact on the market the strength of altcoins, but here I think positively about how we will take advantage of the opportunity.

The rate at which many of the altcoins have dropped in valur is just too alarming.
I was seeing minus half of the value of some projects dropping. I think this would be a big opportunity for anyone that want to invest and hold some of the tokens that have depreciated in value. This is how many experience investors and traders make their money with any stress. Understanding the market is very important to help win more.

Essential10

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Quote from: Jon pyagbara on April 26, 2024, 09:22:49 PM

Analytically some investors have predicted a bull run by next year which will also in turn affect the rise in price of some altcoins too, so putting this into consideration there are few altcoins to put our eyes on so we can Hodl which is the ETH and DOGE as they might experience a significant bull run in less than no time,

Many are following the alt coin market after the Bitcoin halving. I can't say too much about which altcoins will go up or down in the future. I have seen many altcoins rise in value as bitcoin price increases especially most of the time ethereum coin rises and falls following bitcoin. Just a hype maker I don't know how DOGE will perform in the future but it is very dangerous to hold an investment in such a coin. I think that if the price of Bitcoin goes up, Ethereum could create a potential for next year where Ethereum could set a new record price.

Topic: Post halving, why are altcoins the most affected (Read 449 times)