Post halving, why are altcoins the most affected - page 3.

Despairo

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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.

rodskee

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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,

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.

Wexnident

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

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Well altcoins do go up by a significant amount compared to Bitcoin. An example would be in the span of a week, Bitcoin would probably at most get maybe 5% to 10% increase, altcoins, on the other hand, can go up by 100 or 200, maybe up to a thousand for some manipulated ones. It's not surprising why they'd go down by that much or even more compared to Bitcoin.

At the same time most altcoins would also naturally experience a decrease, maybe less compared to top-performing ones but inevitably they'd get swept up by the same wave and go down.

tengui

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I think the prices of ETH and DOGE have risen very drastically and when the altcoin season comes it is likely that the prices will not rise drastically. Maybe you should also monitor BNB and MATIC because the prices of these two altcoins have not risen drastically and most likely after this the prices of both altcoins will rise drastically. The bitcoin halving has indeed had a big impact on the altcoin market, but we have to choose the right altcoin to get maximum profits.

jrrsparkles

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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 you're mew then familiarize yourself with these bumps and dumps, almost at the end of every thing related to crypto whales will make a move and especially at the time of having it would be dump and we know the price of altcoins are highly influenced by bitcoin's price so there is no wonder if you see in the altcoins after the bitcoin dumped from $69K to $63K but this could be recovered overnight followed by altcoins too.

ndutndut

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

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,

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.

Mpamaegbu

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If we're going to compare the drop vis-a-vis what Bitcoin has lost in price since the halving, we will discover that Bitcoin is even the biggest loser, not altcoins. It has lost over $4k or thereabout per coin. I'm not sure there's any altcoin that has lost over $1k (of course, I'm referring to ETH) since then. Perhaps what makes altcoins a centre of notice could be that a lot of people erroneously assume that alts should join the rally as fast as possible but they forget that alts won't bull if Bitcoin dominance doesn't drop. At 50+% dominance, Bitcoin still rules the market. Anything that makes it bleed will also affect alts as it's right now. That's what we see in the market ATM.

JeffBrad12

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re read the past chart i'm pretty sure the bullrun doesn't came right off the bat it needs time first for accumulation zone I presume and then we gonna see some bullrun building up its momentum later on.
when it comes to halving usually the past chart shows that after halving the BTC instead going down because people are selling at the news and that also affect altcoins as well so not limited to bitcoin only.
moreover most of analyst I know already expected that the price gonna plummet just a little bit before the last bullrun ever, we are currently at the accumulation zone and the big bullrun will follow.
so definitely its not something strange anymore, we've been the same scenario already so just wait until things got heated up and then it will be massive from here on.
moreover current price correction that befall these altcoins are actually a good correction to keep the price healthy, they already have many rallies already.

batang_bitcoin

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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,

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.

Bureau

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Bitcoin dominates the crypto market and will affect altcoins when it is bearish. This is not new in crypto if you have been here for some time. Only Bitcoin creates bull season and bear season, halving is an event of Bitcoin & not altcoins. Therefore, if you expect Bitcoin halving to bring a bull market, you need to wait for Bitcoin demand to increase in the market. We saw a short bull run earlier in the year when Bitcoin broke its ATH but altcoins did not even reach their ATH this is because there was not any demand for altcoins at that time. There was only demand for Bitcoin due to the ETF getting approved, there are a few altcoins ETFs that the pending approval if they get approved then you will see a demand for those altcoins in the market.

mk4

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Altcoins are heavily affected negatively simply because bitcoin has been bearish in the short term and that altcoins in general have had huge multipliers already lol so it's just right for altcoins to have a huge correction. Even in fully-fledged bull markets, prices don't just go up in a straight line.

Gozie51

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The simple reason as answer to your question is that bitcoin price dropped and so it has to also affect the price of altcoins so depending on the marketcap of some that will reflect how they are affected. So if you have been following the anitcident of the market of cryptocurrency, you would realize that if the price of bitcoin increase or decrease, it also reflect on altcoins as the volatility fluctuate.

btc78

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Answering your question, why are altcoins the most affected?

That is because there is all there is to influence. The crypto world is compromised of Bitcoin and Altcoins. Those are the two general classifications of cryptocurrencies. Anything that happens with bitcoin will most likely have an effect on the overall marker scene of altcoins. Of course it is not at all always direct. It still depends on the altcoin and their performance however investors in bitcoin are also investors in altcoins or vice versa that’s why.

Jon pyagbara

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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,

Topic: Post halving, why are altcoins the most affected - page 3. (Read 449 times)