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Topic: Price of alts when BTC pumps - page 3. (Read 748 times)

newbie
Activity: 15
Merit: 0
April 30, 2019, 08:39:47 PM
#34
Another tip you :

The ETH/BTC pair usually frontruns the majority of alts therefore gives us an indication of where other alts are likely headed vs BTC.
hero member
Activity: 2814
Merit: 576
April 30, 2019, 08:31:30 PM
#33
The price of altcoin has a deeper connection with the price of both BTC and ETH. ERc20 tokens usually follow the direction of the main price OF ETH. Btc pumps and altcoins follow this pump.
No, not all altcoins follow with the Bitcoin price movement, there are some times that when bitcoin pump altcoins dump that is just because of the USDT rate which USDT coin is on stable progress. Maybe we could say this that altcoins swing the price when bitcoin pump but one thing we know for sure, they are unpredictable. Cheesy
It will follow of course, but the question is, when?
We've seen bitcoin now increase its price, but altcoins still did not have a good increase, maybe for some, but we are talking
of altcoins here so we are expecting that most of it, expect shitcoins.
It happened in the past and when that time comes, we can call that a real bull run, when both Bitcoin and altcoins increase, it will easily increase the entire marketcap.
hero member
Activity: 1148
Merit: 527
April 30, 2019, 02:07:04 PM
#32
The price of altcoin has a deeper connection with the price of both BTC and ETH. ERc20 tokens usually follow the direction of the main price OF ETH. Btc pumps and altcoins follow this pump.
No, not all altcoins follow with the Bitcoin price movement, there are some times that when bitcoin pump altcoins dump that is just because of the USDT rate which USDT coin is on stable progress. Maybe we could say this that altcoins swing the price when bitcoin pump but one thing we know for sure, they are unpredictable. Cheesy
To the best of my knowledge, which I stand to be corrected also, I think the main reason why altcoins do dump when BTC pumps is because of FOMO, many people instead of using fiat to buy more bitcoin when it starts showing signs of pump would convert their altcoins to BTC temporarily, and adding the altcoins changed to BTC market will continue to increase the price of BTC until it shows reversal trend, the moment BTC shows reversal trend, many investors sells the altcoins part in BTC off to make profit, and return it back to altcoins. So, both are helpful in this regard, altcoins dump for BTC to rise while BTC dump for altcoins to rise.
legendary
Activity: 1652
Merit: 1057
April 30, 2019, 01:07:52 PM
#31
Weird thing is they used to be together and parallel, I don't know when this new one goes up and one goes down thing started and I am serious, I have no idea when was the first time, a case could be made for 2017 bitcoin cash hard fork but after that something happened and all the values of alts started to drop when bitcoin went up, not in dollar value exactly but in bitcoin value it started to drop. So, they were pegged to dollar somehow, so if something worth 0.1 back in the day and 100 dollars when bitcoin went up it used to go up in btc too like 0.2 and in dollar too like 250 but now it stays at 100 dollars and drops in btc like 0.05 or whatever.

Hence, I guess now its more about dollar value of the coins and not the bitcoin value of the coins that is checked and decided.
full member
Activity: 938
Merit: 105
April 29, 2019, 12:09:22 PM
#30
The price of altcoin has a deeper connection with the price of both BTC and ETH. ERc20 tokens usually follow the direction of the main price OF ETH. Btc pumps and altcoins follow this pump.
No, not all altcoins follow with the Bitcoin price movement, there are some times that when bitcoin pump altcoins dump that is just because of the USDT rate which USDT coin is on stable progress. Maybe we could say this that altcoins swing the price when bitcoin pump but one thing we know for sure, they are unpredictable. Cheesy
hero member
Activity: 2058
Merit: 538
Leading Crypto Sports Betting & Casino Platform
April 29, 2019, 10:10:46 AM
#29
The price of altcoin has a deeper connection with the price of both BTC and ETH. ERc20 tokens usually follow the direction of the main price OF ETH. Btc pumps and altcoins follow this pump.
sr. member
Activity: 882
Merit: 282
April 29, 2019, 09:26:32 AM
#28
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!  Smiley
Maybe you need to study more and understand how this market work as I think we are not going to get profitable trade if we didn't understand how it really work.  When bitcoin is pumping it means funds are moving from fiat currency to cryptocurrencies and over ninety percent of funds you see flowing into the market is from fiat market.  Usdt which happens to be one of the coins that hedge against bitcoin or others cryptocurrencies also do benefit from this inflow of funds.  The altcoins market do benefits from this inflows of funds also and that is why when bitcoin get pump most of them get pump too and when it get dump there also get dumped too.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
April 29, 2019, 09:19:26 AM
#27
Because only bitcoin matters?
full member
Activity: 798
Merit: 104
April 29, 2019, 09:16:44 AM
#26
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.
full member
Activity: 714
Merit: 102
April 29, 2019, 08:17:18 AM
#25
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.
sr. member
Activity: 2114
Merit: 268
Leading Crypto Sports Betting & Casino Platform
April 29, 2019, 12:14:22 AM
#24
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!  Smiley
USDT, maybe that is why it is called stable coin. It have back up and maybe not really affected by bitcoin price. That is only from what i see. Because supply and demand really affect on where crypto pricee will go.
hero member
Activity: 784
Merit: 502
April 28, 2019, 11:13:00 PM
#23
Actually the price of altcoins are depending on Bitcoin. Bitcoin is leading all the altcoins at this moment. If the price of bitcoin goes down then price of altcoins gets down. There is a strong connection between bitcoin and altcoins about price.
Not always,sometimes it moves inversely proportional as well when the price of bitcoin increases so it is the reason why USDT pairs didn't move along with bitcoin.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
April 28, 2019, 07:39:42 PM
#22
Altcoins against the value of bitcoin seems to fall while the value against USD seems growing. This is commonly found with the cryptocurrencies and through the majority of the altcoins move it is possible to predict whether the market is turning completely bull trend or still in the bear market. From my view when the perfect bull market starts we can experience growth of altcoins against Bitcoin moving in a gradual manner.
sr. member
Activity: 1484
Merit: 276
April 28, 2019, 06:32:13 PM
#21
This is why,altcoins never drop price when you based it on USD now when bitcoin price pump the price in BTC of each altcoin will decrease but the value in USD will increase,they cant pump at the same time because altcoins would be so much overpriced
full member
Activity: 980
Merit: 114
April 28, 2019, 03:10:28 PM
#20
In most cases when bitcoin price pump all other altcoin follows and that same trend of Price pumping but in most cases those holding altcoin will sell for bitcoin to ride with the market wave. So btc control the market in most cases.
hero member
Activity: 2968
Merit: 605
April 28, 2019, 03:02:32 PM
#19
usually it happens like this when the value of the bitcoin rises also the value of the altcoin grows, this time it seems it has not happened so in spite of the slow and constant growth of btc the altcoin don't follow this trend, therefore the best strategy i think is to sell the altcoins that don't grow in exchange for those that have some possibility of increase in value...
copper member
Activity: 420
Merit: 2
April 28, 2019, 02:31:58 PM
#18
When BTC is rising, investors quickly sell off their altcoins to invest them in BTC since they probably see BTC as a reliable coin than the altcoins they are holding. BTC pairs falls because nobody is willing to sell off their BTC to buy an altcoin
member
Activity: 532
Merit: 11
♦♦♦♦♦
April 28, 2019, 11:56:02 AM
#17
that simply way to earn profit, you sell your alt to move on BTC then you take profit from that.
then you can go back to your alt. but in some case alt also follow bitcoin too , their price also start pumping when bitcoin pump
full member
Activity: 546
Merit: 100
April 28, 2019, 10:40:39 AM
#16
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!  Smiley

Because people are following the pump and sell their alts for buying btc.
But after the BTC pump, altcoin will rise slightly
sr. member
Activity: 1596
Merit: 335
April 28, 2019, 10:29:15 AM
#15
Usdt's price is going stable compared to new coins these days since it is created and deviced to be stable. USDT price increases as BTC price increases might be that some are using tether to lessen the market volatility risk. Altcoin price drops whenever BTC pumps since they ride along with it.
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