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Topic: Price of alts when BTC pumps (Read 748 times)

hero member
Activity: 1134
Merit: 515
May 06, 2019, 05:44:50 AM
#74
Mostly price of alts will bump when the bitcoin price increases but not always it will happens,sometime when bitcoin seems bullish for too long the alts will decline due to the fact that people will sell their alts for bitcoin to secure more profits in long term.
That is the reality of the market, altcoins are depending on btc price which means that whatever happen to BTC will reflect into the low lines.  But seeing altcoins prices today,  some of them were not just of before and I feel that there no attachment with btc this time cause some altcoins are still not moving and prices remains at its dip position.
Bitcoin has not reach at a certain amount yet that altcoins will react, maybe higher and I'm sure we're okay with waiting as long as bitcoin will continue to pump. Dip? yes, almost all of the altcoins now still at dip and therefore taking advantage to that price is the right decision now while waiting.
Did you see Bitcoin moving up more than $200 in the past few hours? This is truly amazing to see how the price movement is galvanizing people invest in money and wait for further rise. Many people did it when Bitcoin was around $3000. It is crossing $6k soon. Altcoin are also affected with their market value going up. There are good chances for ETH and maybe Binance coin to rise up.
full member
Activity: 602
Merit: 111
May 05, 2019, 02:57:37 PM
#73
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
the development of Bitcoin will definitely be shown in the effects of the altcoin development also because each and everything has the connect in this Crypto market so it will definitely been a good vibration when the Bitcoin development is happening to the other investment also.
legendary
Activity: 1372
Merit: 1008
May 05, 2019, 01:37:27 PM
#72
Mostly price of alts will bump when the bitcoin price increases but not always it will happens,sometime when bitcoin seems bullish for too long the alts will decline due to the fact that people will sell their alts for bitcoin to secure more profits in long term.
That is the reality of the market, altcoins are depending on btc price which means that whatever happen to BTC will reflect into the low lines.  But seeing altcoins prices today,  some of them were not just of before and I feel that there no attachment with btc this time cause some altcoins are still not moving and prices remains at its dip position.
I don't think its always, actually sometimes, altcoin prices can fall if bitcoin strengthens, you can see it on the market. unless you see a bullish come on the entire crypto, of course the effect will be on most crypto. the point is when the price of bitcoin rises not necessarily the altcoin price also rises..
full member
Activity: 952
Merit: 104
May 05, 2019, 12:39:16 PM
#71
in short part of the reason is due to arbitrage trading and part of it is lack of faith in future of altcoins.


Do not be offend mate is just only own my opinion I think not the reason lack of faith for the future of altcoins most of them people are want to get earn profits by the way Sellingof  their altcoins if the bitcoin get raise and also is a part of the traders decision making what they gonna do for their strategy how to get earn profits.
hero member
Activity: 1092
Merit: 501
May 05, 2019, 10:01:49 AM
#70
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

Most of the time when bitcoinBTC goes up in the market, some of the traders sell their holding coins too, due to they knew that most of the altcoins will dump their price value, its the opposite of bitcoin price when it goes up. That's the things happened always in this field of business industry here in crypto, I saw this many years ago mate.
hero member
Activity: 2646
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Leading Crypto Sports Betting & Casino Platform
May 04, 2019, 07:38:03 AM
#69
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 .
Actually what everyone think is the truth. Bitcoins and some other similar major coins are a good source of investment for long term and also peoples do prefer investing in such coins in the bull markets to really have quick profits so peoples sell off their altcoins which makes the prices for such altcoins go down.

It is nothing new and it is what makes the bull run approach as more and more peoples buy bitcoins and the price goes above and above. Current price for bitcoins is showing us some growth so we can expect a good price for bitcoins in the coming future but it could also indicate that the altcoins can lose their price in these bull markets.
sr. member
Activity: 1330
Merit: 291
May 04, 2019, 06:35:46 AM
#68
For sure many of altcoins gonna pump also if bitcoin will start to pump. Because they follow to price of bitcoin once ig get pump and dump it depends on bitcoin because they just following it.

Agree, many times in the past even at present, the rise in the price of Bitcoin also, give a rise in altcoins. Basically becasue of the potentials Bitcoin has that make all other coins to react to it positive and negative reactions. Also, there a few altcoins which are centralize that at some point in time will not react to the pump of Bitcoin such as Tether USD.
hero member
Activity: 2926
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May 04, 2019, 06:18:02 AM
#67
Mostly price of alts will bump when the bitcoin price increases but not always it will happens,sometime when bitcoin seems bullish for too long the alts will decline due to the fact that people will sell their alts for bitcoin to secure more profits in long term.
That is the reality of the market, altcoins are depending on btc price which means that whatever happen to BTC will reflect into the low lines.  But seeing altcoins prices today,  some of them were not just of before and I feel that there no attachment with btc this time cause some altcoins are still not moving and prices remains at its dip position.
Bitcoin has not reach at a certain amount yet that altcoins will react, maybe higher and I'm sure we're okay with waiting as long as bitcoin will continue to pump. Dip? yes, almost all of the altcoins now still at dip and therefore taking advantage to that price is the right decision now while waiting.
sr. member
Activity: 1778
Merit: 309
May 04, 2019, 05:25:55 AM
#66
Mostly price of alts will bump when the bitcoin price increases but not always it will happens,sometime when bitcoin seems bullish for too long the alts will decline due to the fact that people will sell their alts for bitcoin to secure more profits in long term.
That is the reality of the market, altcoins are depending on btc price which means that whatever happen to BTC will reflect into the low lines.  But seeing altcoins prices today,  some of them were not just of before and I feel that there no attachment with btc this time cause some altcoins are still not moving and prices remains at its dip position.
hero member
Activity: 1036
Merit: 500
May 04, 2019, 04:49:51 AM
#65
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.

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.
I think besides Bitcoin, there are so many other coins as well which have good projects backing them and could be profitable in the long run. I am hodling ETH right now and had some other coins as well. They are really profitable and should not be compared with Bitcoin since Bitcoin is leading the crypto market in every aspect. The use of Ethereum Blockchain is great and wide spread which means ETH is good too.
sr. member
Activity: 2520
Merit: 280
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May 04, 2019, 04:18:12 AM
#64
Mostly price of alts will bump when the bitcoin price increases but not always it will happens,sometime when bitcoin seems bullish for too long the alts will decline due to the fact that people will sell their alts for bitcoin to secure more profits in long term.
sr. member
Activity: 812
Merit: 250
May 04, 2019, 03:52:21 AM
#63
when bitcoin is pumped, the altcoin will be dumped a lot and the traders buy bitcoin which is increasing in the hope that they will benefit from a constant increase in bitcoin. although in reality it's not always like that.
in fact they were trapped because they had sold their altcoins and apparently after they exchanged them for bitcoin the price of bitcoin fell.
full member
Activity: 700
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Proof-of-Stake Blockchain Network
May 04, 2019, 02:17:59 AM
#62
For sure many of altcoins gonna pump also if bitcoin will start to pump. Because they follow to price of bitcoin once ig get pump and dump it depends on bitcoin because they just following it.
hero member
Activity: 2730
Merit: 585
Leading Crypto Sports Betting & Casino Platform
May 04, 2019, 01:31:26 AM
#61
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
There are a lot of markets where peoples usually buy/sell bitcoins with the help of USDT pairs so seeing a movement in the USDT price when BTC pumps or dumps is not really a shocking news for me. Instead we can see movement in most of the altcoins after the price for bitcoins pumps. Major altcoins too depends on bitcoins and USDT is a coin being stable likely to USD so most of the peoples prefer trading with USDT to maintain the profits with stable coin.

Anything could happen into the cryptocurrency markets so we can really not predict such things but instead we should always try to support such activities which may lead to rise in the price of bitcoins.
hero member
Activity: 1274
Merit: 519
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May 03, 2019, 06:36:48 PM
#60
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...

Simply because most altcoin are paired with bitcoin/fiat/ethereum, so logically if bitcoin price increases it also has a direct effect in altcoin. Of course this excludes shit coins, dead coins, coins with low trading volume. Rise of bitcoin can also lead to decrease in altcoin price because some are selling their altcoin to go along with the bitcoin price hike. They sell alt to buy bitcoin. Either of which happens whenever bitcoin price moves.
full member
Activity: 784
Merit: 123
May 03, 2019, 06:30:55 PM
#59
I'm pretty sure that when Bitcoin starts to pump some altcoins will follow too, i don't know why it always happens like that although it is not like that before. But when tons of shitcoins exists the attracting power turn to Bitcoin after all. Unlike before when Bitcoin dumps the market would switch to altcoins because it is pumping. But now, i don't know what happens.
There is a big changes in market trends, we can't expect everything will be in the flows together with bitcoin.
Have we notice that there is no hypes happen this days that some altcoins never grow, they are kept in sleeping while the others are pumping. It looks like we need those hypes as it previously happen in the market before.
sr. member
Activity: 2506
Merit: 368
May 03, 2019, 06:08:02 PM
#58
I'm pretty sure that when Bitcoin starts to pump some altcoins will follow too, i don't know why it always happens like that although it is not like that before. But when tons of shitcoins exists the attracting power turn to Bitcoin after all. Unlike before when Bitcoin dumps the market would switch to altcoins because it is pumping. But now, i don't know what happens.
hero member
Activity: 3052
Merit: 651
May 03, 2019, 03:48:20 PM
#57
It is kind of keeping it safe.
Everyone will agree if I say they still trust USD. I dont want to be hypocrite but I still really do.
With USDT which is equivalent to USD I wont have any problem about pumps and dumps. It will still be the same. 1:1. Right?

So the best thing to do is sacrifice their altcoins to buy those bitcoin and let it pump rather than risk of waiting too long for the alts to be pumped.
member
Activity: 685
Merit: 14
May 03, 2019, 03:20:38 PM
#56
My favorite altcoins in dollars are now worth less than when bitcoin was worth $ 5,000 for example. I believe, that when bitcoin is growing rapidly, many people sell altcoins to buy bitcoin.

What is that altcoin/ you might have shared with us.

Favourite coins goes to cheap I understand we will find the value goes very low. Please take that coins to USDT or BTC for your future safety.

Now all the coins are operates independently so no need to compare the both alts and BTC.
sr. member
Activity: 784
Merit: 255
May 03, 2019, 03:07:27 PM
#55
My favorite altcoins in dollars are now worth less than when bitcoin was worth $ 5,000 for example. I believe, that when bitcoin is growing rapidly, many people sell altcoins to buy bitcoin.
full member
Activity: 560
Merit: 102
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May 03, 2019, 12:21:52 PM
#54
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.
legendary
Activity: 3654
Merit: 1165
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May 03, 2019, 11:41:06 AM
#53
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 .
sr. member
Activity: 1722
Merit: 252
May 03, 2019, 10:54:06 AM
#52
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.

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.
newbie
Activity: 57
Merit: 0
May 03, 2019, 10:19:54 AM
#51
Let me try to answer this, there are various decisions when Bitcoin price pumped

  • 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  Grin

Thanks for the explanation. But I dont really get the B part.  Smiley
hero member
Activity: 2926
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No dream is too big and no dreamer is too small
May 03, 2019, 09:42:05 AM
#50
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.
hero member
Activity: 1064
Merit: 500
May 03, 2019, 09:04:02 AM
#49
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.

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.
hero member
Activity: 1008
Merit: 501
May 03, 2019, 04:54:00 AM
#48
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.
We have seen it back in boom 2017. A boom in Bitcoin was a boom for altcoin as well. This is a revival in the same crypto market as a whole which affects all the coin and their prices hence by rising demand for these coins further. I believe that Bitcoin is yet to grow more and more along with rise in the value of altcoin. Having said that, it is the perfect time for speculation.
legendary
Activity: 1526
Merit: 1001
May 02, 2019, 05:48:38 PM
#47
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
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.
legendary
Activity: 1834
Merit: 1036
May 02, 2019, 05:40:44 PM
#46
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.
legendary
Activity: 3164
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May 02, 2019, 02:02:42 PM
#45
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
hero member
Activity: 1148
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May 02, 2019, 01:51:14 PM
#44
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.
sr. member
Activity: 924
Merit: 260
May 02, 2019, 01:32:53 PM
#43
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
Activity: 2436
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May 02, 2019, 12:33:11 PM
#42
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.
hero member
Activity: 1092
Merit: 500
May 02, 2019, 11:10:13 AM
#41
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

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.
newbie
Activity: 602
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May 02, 2019, 10:13:21 AM
#40
Bitcoin rises now https://www.coingecko.com/en we will see all alts following it think
legendary
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May 02, 2019, 10:09:51 AM
#39
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.
hero member
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May 02, 2019, 06:32:18 AM
#38
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.
legendary
Activity: 2982
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May 01, 2019, 11:47:02 AM
#37
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 not
every time but there's situations like this happen.
member
Activity: 546
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May 01, 2019, 10:34:48 AM
#36
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.
hero member
Activity: 1274
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May 01, 2019, 06:53:10 AM
#35
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
newbie
Activity: 15
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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
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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
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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
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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
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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
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April 29, 2019, 09:19:26 AM
#27
Because only bitcoin matters?
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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.
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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.
hero member
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April 28, 2019, 10:00:55 AM
#14
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.
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April 28, 2019, 09:53:46 AM
#13
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.
jr. member
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April 28, 2019, 09:25:07 AM
#12
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.
legendary
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April 28, 2019, 09:19:36 AM
#11
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.
legendary
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April 28, 2019, 08:58:36 AM
#10
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.
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April 28, 2019, 08:08:58 AM
#9
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.
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April 28, 2019, 08:03:59 AM
#8
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.
jr. member
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April 28, 2019, 08:03:48 AM
#7
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
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April 28, 2019, 07:55:41 AM
#6
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
legendary
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April 28, 2019, 04:06:40 AM
#5
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.
member
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April 27, 2019, 09:01:47 PM
#4
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 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
newbie
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April 27, 2019, 08:44:33 PM
#3
Ok that definitely makes sense, I have always wondered why it was like that. Thanks for the clear answer!
sr. member
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April 27, 2019, 02:06:31 PM
#2
Let me try to answer this, there are various decisions when Bitcoin price pumped

  • 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  Grin
newbie
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April 27, 2019, 01:23:20 PM
#1
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
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