Topic: Price of alts when BTC pumps - page 2. (Read 748 times)
As i can see in the pumps, there are two cases happen: altcoins are pumped along with BTC or are dumped along with BTC, altcoins are usually rises or falls along with BTC when the market start pumping from the big falls but only when the whales want to pump BTC they surely dump all the altcoins the have to create FUDs for investors to buy BTC rather than Altcoins, However as a wise investors investing in altcoins can bring us huge profit when altcoins can fluctuate more percentage than BTC.
I believe the increase in alts follow bitcoin a bit late, for example if bitcoin goes up suddenly than the bitcoin price of an altcoin goes down because dollar value stays the same but than the bitcoin value of it increases as well to reach the previous prices so the dollar value increases as well. You can't expect them to be increasing all at the same time in a unison but you can expect them to catch up with bitcoin given enough time.
I just feel like there are less big coins now, in 2017 there were hundreds of coins that went up in price and diluted the market but now there are maybe 20-30 good coins left while others are not cared about too much which is why this time around its easier for other coins to increase since the market is not diluted as much as it used to be .
I just feel like there are less big coins now, in 2017 there were hundreds of coins that went up in price and diluted the market but now there are maybe 20-30 good coins left while others are not cared about too much which is why this time around its easier for other coins to increase since the market is not diluted as much as it used to be .
Most commonly bitcoin price bumps all along with the altcoins in the marketplace. While you invest on the bitcoin you may choose potential altocoins have great marketplace volume. Because always we could not depend on one coin alone.
For that you may make such kind of decision buddy. Then few altcoins are always fluctuate in the market those are best for trading purposes.
For that you may make such kind of decision buddy. Then few altcoins are always fluctuate in the market those are best for trading purposes.
Not all altcoins follow Bitcoin when it grows. Some of them do not show any movement. However, the gainers add much more (in percents) than BTC, and their holders can earn a lot during this time.
Even many altcoins die because users immediately exchange to bitcoin when btc pumps, everyone thinks that top ranked coins especially bitcoin are profitable and safer for the long term.
Let me try to answer this, there are various decisions when Bitcoin price pumped
I hope this makes sense
- A sell off their altcoins for BTC, so that they can ride Bitcoin movement to take profit
- B buy some altcoins with their USDT because these coins are in cheap price when paired to BTC, and end with the increasing demand of altcoins that make USDT pairs in a green color, later when Bitcoin is stable and BTC pairs will start increasing, B can sell their altcoins for BTC and gain Bitcoin more than if B bought BTC directly with USDT or Altcoins
I hope this makes sense
Thanks for the explanation. But I dont really get the B part.
Bitcoin rises now https://www.coingecko.com/en we will see all alts following it think
We are having a good day today, bitcoin rise to over $5800 and most of the top 100 altcoins in the market follow the price action.Hopefully as we are going to break $6,000 soon, it will also ignite the sleeping altcoins.
I like this kind of situation as new big pump will lead to more optimistic investors expecting another big run, market has no signs of slowing down.
Most commonly bitcoin price bumps all along with the altcoins in the marketplace. While you invest on the bitcoin you may choose potential altocoins have great marketplace volume. Because always we could not depend on one coin alone.
For that you may make such kind of decision buddy. Then few altcoins are always fluctuate in the market those are best for trading purposes.
For that you may make such kind of decision buddy. Then few altcoins are always fluctuate in the market those are best for trading purposes.
Not all altcoins follow Bitcoin when it grows. Some of them do not show any movement. However, the gainers add much more (in percents) than BTC, and their holders can earn a lot during this time.
at the moment I see that the decline in bitcoin prices will be directly proportional to the decline in altcoin prices, so if bitcoin goes down it is certain that the altcoin will also fall.
That is what I have been seeing for long. There is no exact correlation between both but I think that the factors responsible for the reduction in the values of Bitcoin also affect Altcoin in an adverse way. But speaking about the current scenario, speculating in Altcoin could be great because Bitcoin is in the bullish mood and the prices of altcoin could also move up.
Why do USDT pairs raise with a BTC pump and BTC pairs fall? I understand that when BTC pumps, people sell their alts to ride the BTC wave up, but it doesn't really make since why USDT pairs don't do that. Wouldn't it make sense for people to sell their USDT pairs so that they can buy BTC and ride it up, and hold their BTC pairs as the value is going up anyway? Thanks for any answers!
The increase in Bitcoin prices will definitely affect everything in the cryptocurrencies market. We cannot deny that the domino effect owned by Bitcoin greatly affects the altcoin's overall price. But that when an altcoin has strong power I think the altcoin will also increase, unlike when an altcoin has no power and does not have such good confidence, the development and change of altcoin will be inversely proportional to what happens to the price of Bitcoin. Besides that, the support of coin developers who continue to maintain prices can be a thing that distinguishes them compared to coin developers who do not have these capabilities.
Traders go to where there's an opportunity to make profit. If you are currently holding alts and Bitcoin is climbing up, most likely alts that you are holding will start to go down as other holders will sell to buy BTC as the price is surging. However its not always a good idea to follow where the trend goes. I would take advantage of a suddenly low priced alt because of a trend and wait for the price to go up again.
Why do USDT pairs raise with a BTC pump and BTC pairs fall?
When the price of bitcoin rises, people sell their altcoins and buy bitcoin to convert into USDT and then those same people go back to buying bitcoin when it falls. and once they have bought bitcoin they go back to buying the altcoins. This has been a cycle. But there are case that do not fall in price when bitcoin has some pump and this happens because that same altcoin has some good news in the next days something that causes that the investors do not dump their currencies
Wouldn't it make sense for people to sell their USDT pairs so that they can buy BTC and ride it up, and hold their BTC pairs as the value is going up anyway?
imagine that you have 0.03 BTC when the price of 1 btc = $5000, but you decide to buy ETH when the price of 1 ETH = 0.03 BTC. 3 days later the price of bitcoin has a big pump and the price reaches $6000, but ETH drops to 1 ETH = 0.025 BTC.
if bitcoin is in the $6000 then:
0.025 = $150
0.03 = $180
that's why people rush to sell their altcoins and buy bitcoin to sell to USDT
Most commonly bitcoin price bumps all along with the altcoins in the marketplace. While you invest on the bitcoin you may choose potential altocoins have great marketplace volume. Because always we could not depend on one coin alone.
For that you may make such kind of decision buddy. Then few altcoins are always fluctuate in the market those are best for trading purposes.
For that you may make such kind of decision buddy. Then few altcoins are always fluctuate in the market those are best for trading purposes.
Bitcoin rises now https://www.coingecko.com/en we will see all alts following it think
Altcoins do appreciate whenever we have a push in bitcoin pricing and I see bitcoin adding up in pricing. It is truth that now still remains the best time to invest in cryptocurrencies consider were we are going. I strongly believe that we are at the early stages and we are going to see in future that the current pricing will be a child play compared to were bitcoin will be. legendary
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Actually Alts market always depends on bitcoin. when bitcoin up alts coin starting to dump because on that time alts only follow the value with USD. So if BTC pump alts keep right their USD value. And dumping in BTC pair till the BTC pump over. But it always not happen and follows the trend. Sometimes you can see that alts also raise with BTC pump and sometimes you also can see that alts are pump when BTC start down.
Why do USDT pairs raise with a BTC pump and BTC pairs fall? I understand that when BTC pumps, people sell their alts to ride the BTC wave up, but it doesn't really make since why USDT pairs don't do that. Wouldn't it make sense for people to sell their USDT pairs so that they can buy BTC and ride it up, and hold their BTC pairs as the value is going up anyway? Thanks for any answers!
In the flow here of trading in crypto world when Bitcoin goes up most of the altcoins are decreasing while few of the altcoins are getting pump its value were their riding with the flow of the movement of Bitcoin, its just temporary only, then when Bitcoin goes down some of the altcoins getting pump its price in the market. That's the cycle of the price here in every exchange platform.
Bitcoin rises now https://www.coingecko.com/en we will see all alts following it think
at the moment I see that the decline in bitcoin prices will be directly proportional to the decline in altcoin prices, so if bitcoin goes down it is certain that the altcoin will also fall.
That is what I have been seeing for long. There is no exact correlation between both but I think that the factors responsible for the reduction in the values of Bitcoin also affect Altcoin in an adverse way. But speaking about the current scenario, speculating in Altcoin could be great because Bitcoin is in the bullish mood and the prices of altcoin could also move up.actually there is a correlation between bitcoin price and altcoin prices. the only thing that causes some differences in certain cases is exception cases.
we all know that the relationship is that whenever bitcoin price is changing at a higher percentage than 5-10% no matter if it is going up or if it is going down, the altcoins will get dumped. that rule is always true. but the exception to this rule is the case with altcoins that have something special going on. for example if an altcoin is already starting to get pumped and then bitcoin starts rising then that altcoin get continue its pump because the pumpers don't cancel what they had started that easily.
at the moment I see that the decline in bitcoin prices will be directly proportional to the decline in altcoin prices, so if bitcoin goes down it is certain that the altcoin will also fall.
That is what I have been seeing for long. There is no exact correlation between both but I think that the factors responsible for the reduction in the values of Bitcoin also affect Altcoin in an adverse way. But speaking about the current scenario, speculating in Altcoin could be great because Bitcoin is in the bullish mood and the prices of altcoin could also move up. The improvement will definitely happened in this type of situation because when become was improving the pump was definitely affected the value of other currencies and it will definitely going to up and people were trying to invest different types of investment this will be the reason for the improvement.
To simplify that, investors who gained money from bitcoin investment will find diversions and alts market is the first priorities, they will look for good alts to invest their money and begin the hyped, the more investors to do this the better the value of alts to go along while bitcoin is pumping, although notevery time but there's situations like this happen.
The improvement will definitely happened in this type of situation because when become was improving the pump was definitely affected the value of other currencies and it will definitely going to up and people were trying to invest different types of investment this will be the reason for the improvement.
The worst scenario right now in the market when bitcoin pump altcoin dump, when Bitcoin dump altcoin also dump, but the USDT pair constantly follow the flow of bitcoin price but not all the time because sometime its not follow the bitcoin flow. Some trader sell their altcoin when Bitcoin price go up to make profit then switch to USDT.
USDT is the last solution to know exactly what your profits are when trading and this way is often used by all traders in the last few years. I think the market is now really hard to predict because we cannot be sure which altcoin will raise the next price and if altcoin you invest achieve 5% -10% in a day, consider selling because later when price increases, there will be a huge correction. The advice is not to be greedy because if you are greedy, you will panic sell when the market turns red Jump to: