That's not the case always , well as you should know altcoins are not sold off using simple money like Bitcoin rather they are sold with respect to the Bitcoin , they are traded in Bitcoin to altcoin itself therefore their price is tightly linked increasing the BITCOIN influence on the ALTCOINS .
But if Bitcoin is rising people will sell their alts and if it's falling they usually focus on distributing the money in wide cryptocurrencies thereby decreasing the chances of getting into a loss.
Topic: Price of alts when BTC pumps - page 4. (Read 720 times)
I hardly remember the situations when BTC is rising and altcoins are falling down. Usually BTC is growing when there were no bad news for a long period of time and sentiment analysis is telling us that the entire crypto market is calm. In this case BTC growth is usually boosting the other major cryptocurrencies and some popular shitcoins. The same picture we see every time bitcoin is rising for the las times.
What are you talking about? Can't you see how the altcoin market is performing currently as BTC value continues to grow slowly and steadily at present? Bitcoin and altcoin values increase or decrease directly or inversely proportional to each other based due to different reasons.
the price of btc when it appreciates has direct or indirect effect or impact on the altcoins as they are in a way or the other connected to the bitcoin either as a trading pair or as a major consideration when considering the equivalent satoshi value that equals the price of the particular altcoin at that period of time.
A normal actions of traders who's fearing to be left behind, each time btc pumped people always have the common thinking, selling Alts to enjoy the profits, this cycle is therefrom the beginning, what we need to learn is on how to act positively, Alts will temporary fall and it's time buying them as btc will reached it's new ground and will stay for awhile, alts will be pumped after traders find another diversion of their investment.
Usually when bitcoin goes up, traders sell their altcoins to enjoy the increase in bitcoin prices leading to high volumes though not necessarily a dip in price of most altcoins. At a point , no one will advise you to keep tokens that are not moving up so they all prefer bitcoin to alts and in that way , make profits- arbitrage
I don't think this is the case. Not always anyway. Did you notice the reverse relation between Bitcoin's price and market dominance? People can do different things from time to time for all sorts of reasons, but I believe that in the long run if Bitcoin grows, altcoins get more investments as well. Perhaps it's because more money is invested into the market in general when Bitcoin is going up.
I hardly remember the situations when BTC is rising and altcoins are falling down. Usually BTC is growing when there were no bad news for a long period of time and sentiment analysis is telling us that the entire crypto market is calm. In this case BTC growth is usually boosting the other major cryptocurrencies and some popular shitcoins. The same picture we see every time bitcoin is rising for the las times.
Usually when bitcoin goes up, traders sell their altcoins to enjoy the increase in bitcoin prices leading to high volumes though not necessarily a dip in price of most altcoins. At a point , no one will advise you to keep tokens that are not moving up so they all prefer bitcoin to alts and in that way , make profits- arbitrage
Indeed, Many traders actually said what you have just said now. Last year when the price of Bitcoin went up, i hungrily went to the exchange with my altcoins and was happy with my actions of not keep them in my wallets. Anytime the price of Bitcoin goes up then, that of Altcoins will fall becasue they (altcoins) depend on Bitcoin. Although this can varies, as sometimes the altcoins rise along Bitcoin price.
Really, most traders prefer to sell their altcoins than selling USDT. Which to me is understandable. UDST doesn't go below $1 which most altcoins are way below. So the only sensible thing to do is to sell the altcoins, get bitcoins and enjoy the price movements. This way profit is guaranteed. And of course for the smart ones, once the bitcoin is going down, they just conversation to USDT and keep maximizing all possible profits
Usually when bitcoin goes up, traders sell their altcoins to enjoy the increase in bitcoin prices leading to high volumes though not necessarily a dip in price of most altcoins. At a point , no one will advise you to keep tokens that are not moving up so they all prefer bitcoin to alts and in that way , make profits- arbitrage
in short part of the reason is due to arbitrage trading and part of it is lack of faith in future of altcoins.
there has always been a common question asked around here about "how to earn bitcoin" and the answer to it has always been to trade altcoins (among other things). checking the volumes you can always see how people are trading altcoins with bitcoin a lot more than they do it with fiat or fiat looking tokens like tether.
this shows that everyone is aiming to increase their bitcoin holdings. that means when bitcoin is rising they all want to join that rise and benefit from it. and we are talking about traders here so they know where to go.
on top of all that it comes down to expecting it to happen.
when you KNOW that altcoins are getting dumped whenever bitcoin goes up, next time when you notice bitcoin price rise you go ahead and dump your altcoins to prevent loss. that means this trend will always exist and only get bigger as more people figure it out on time.
there has always been a common question asked around here about "how to earn bitcoin" and the answer to it has always been to trade altcoins (among other things). checking the volumes you can always see how people are trading altcoins with bitcoin a lot more than they do it with fiat or fiat looking tokens like tether.
this shows that everyone is aiming to increase their bitcoin holdings. that means when bitcoin is rising they all want to join that rise and benefit from it. and we are talking about traders here so they know where to go.
on top of all that it comes down to expecting it to happen.
when you KNOW that altcoins are getting dumped whenever bitcoin goes up, next time when you notice bitcoin price rise you go ahead and dump your altcoins to prevent loss. that means this trend will always exist and only get bigger as more people figure it out on time.
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! 
because USDT i think will follow the price that fiat USD so when the USD will strengthen, USDT will also be strong. so it can be likened to BTC and USDT the same thing
Ok that definitely makes sense, I have always wondered why it was like that. Thanks for the clear answer!
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
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!
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