Topic: When bitcoin price goes up,altcoins prices goes up too? (Read 2456 times)
Not all times that when bitcoin increases altcoin also increases. It has been a week that bitcoin is high and most of the altcoins are in red flag. Maybe because most people sold their altcoins for them to have bitcoin in their walllet for the upcoming fork.
I think now the trend has been changed previously when the price of Bitcoin increases the value of Altcoin will also increase. As of now the value of altcoin is kept reducing in the market, altcoins are also not increasing their value with increase price of bitcoin.
I do not rise in price even if I withdraw even if bitcoin goes up alt which I have!
I suggested this ICO to all of my friends.
There was a time a few months ago when although coins could be in great without btc movement. Recently though, bitcoin just drags them with it. If bitcoin is down, often although coins are hit even harder, if it's up then the follow on afterwards against US but often struggle to catch up in the Btc trade pairing. Only a couple of the top 20-3. Coins have increased in that respect over last few months.
Whenever bitcoin price goes up, generally altcoin price goes down because altcoins behave opposite of bitcoin. There are some instances when btc and altcoins go in the same direction but that happens very rarely. Altcoins goes up only when btc price stable or downward because whenever btc start upward direction, people start buying btc and selling altcoins so altcoins go down more.
The answer is no. They are indirectly proportional to each other and when one goes up other goes down and vice versa. Why such ambiguity!? Well, it's simple, when this is happening people are actually trading alts with bitcoin on mass scale leading to pumping of bitcoin and thus making it fat over the time. If there is problem with bitcoin then surely people will start to dump bitcoin and out the thing into favourite altcoin making it more fat. The whole thing works like that. :-)
Although the fact you stated above is most probably true, it is not always the same. There are also times when I have seen Bitcoin and Altcoins increase at the same time and vice versa. So it is not absolute indirectly proportional but co-relational. There are some factors that derive the relation between Bitcoin and Altcoin and depends on the market situation whether the Altcoins will increase or decrease according to the Bitcoin fluctuations. I am not a specialist in crypto structures,but when bitcoin price goes up,altcoins prices goes up too after unknown time or not 
Because always when btc rises,altcoins to started dropped down.
Because always when btc rises,altcoins to started dropped down.
present in trading market bit coins has great demand it has no particular time every day it's price going to increase. whenever you have to invest in bit coin. and next one is alt coins keeping investment in alt coins is really good for earning profit. actually when bit coins grow up then alt coins then alt coins falls down. when bit coins stay stable then alt coins in that time alt coins go up. and finally when bit coins fall then automatically fall. so it has relation so maintain very carefully bot h coins.
The answer is no. They are indirectly proportional to each other and when one goes up other goes down and vice versa. Why such ambiguity!? Well, it's simple, when this is happening people are actually trading alts with bitcoin on mass scale leading to pumping of bitcoin and thus making it fat over the time. If there is problem with bitcoin then surely people will start to dump bitcoin and out the thing into favourite altcoin making it more fat. The whole thing works like that. :-)
That is if the people will not convert from bitcoin to fiat currency. Take for example during panic last time when China announce something like banning cryptocurrency.
People holding bitcoins convert it to fiat currency and those holding altcoins trade with bitcoins then convert it to fiat.
The result? bitcoins goes down together with altcoins.
But now bitcoins recovered as well as altcoins.
Some altcoins depends on the price of their ICO. but when if it is converted to BTC. it always equal on the same price.
For Example. New coin Price is 0.10 in dollars for the First Week and then after Four weeks it will hike into 0.18 so there is as difference, while bitcoin is volatile not staying in 0. something in dollars but always stay for four DIGIT.
Cycle of earning again. BTC goes up and Altcoins goes down.
Investing and Trading, Just Be Wise.
For Example. New coin Price is 0.10 in dollars for the First Week and then after Four weeks it will hike into 0.18 so there is as difference, while bitcoin is volatile not staying in 0. something in dollars but always stay for four DIGIT.
Cycle of earning again. BTC goes up and Altcoins goes down.
Investing and Trading, Just Be Wise.
if from my experience, once bitcoin price is increase, altcoin become decrease but this conditions is not always happen. we can see now many altcoin is increase when btc is increase too. i think they want to sell their altcoin to have bitcoin and then they can sell their bitcoin to make more profit. people trading altcoin to increase their bitcoin amount and when the altcoin is down, they will buy as much as they can so when the price is increase they can make profit from altcoin.
I am not a specialist in crypto structures,but when bitcoin price goes up,altcoins prices goes up too after unknown time or not
Because always when btc rises,altcoins to started dropped down.
I feel like it is impossible, if there is a decrease in the price of bitcoin it is certain altcoin will increase, and vice versa.this is the law of the market, will not be able to rise simultaneously. Because always when btc rises,altcoins to started dropped down.
The answer is no. They are indirectly proportional to each other and when one goes up other goes down and vice versa. Why such ambiguity!? Well, it's simple, when this is happening people are actually trading alts with bitcoin on mass scale leading to pumping of bitcoin and thus making it fat over the time. If there is problem with bitcoin then surely people will start to dump bitcoin and out the thing into favourite altcoin making it more fat. The whole thing works like that. :-)
Base on my observation or what I see they have altcoin the price increase also when the price of bitcoin increase and other altcoin decrease the price because many people convert their altcoin to bitcoin because they want to earn profit. Even they have possible to earn more bitcoin altcoin they sell it when they see bitcoin price increase because want to earn profit fastly. But it depends on the demand on the market if the price increase or decrease.
in most altcoins you can see this trend:
1- when bitcoin go up, altcoins falls
2- when bitcoin stabilize, altcoins go up
3- when bitcoin fall, altcoins falls
1- when bitcoin go up, altcoins falls
2- when bitcoin stabilize, altcoins go up
3- when bitcoin fall, altcoins falls
No it's the reverse. Altcoins go up when btc is down but not all of them rises. There are some instances that an altcoin still goes up even btc continues to rise because it has progress and it's community is strong so that's why it keeps going just like btc.
The logical thing when bitcoin is pumping up , altcoin usually dump because as I know altcoin are made because of bitcoin.
IMO altcoin quite difficult to beat bitcoin existence so if altcoin is also pumping up when bitcoin increase, it means that altcoin also got a lot of demand for it
IMO altcoin quite difficult to beat bitcoin existence so if altcoin is also pumping up when bitcoin increase, it means that altcoin also got a lot of demand for it
When bitcoin price goes up,altcoins prices goes up too?
The moment is rare and can be found only when the demand between Bitcoin and altcoins is high. I miss the moment.
The moment is rare and can be found only when the demand between Bitcoin and altcoins is high. I miss the moment.
Many instances here somehow follow this trend, but from my research and experiences gathered, the issue is rhetorical. Bitcoin price recently is skyrocketing, and many altcoins are been dumped when their prices are falling, and also for fear of unknown in their future prospects. So, the factors militating for/against the crypyocoins at the period in review is the key.
I have notoced that if Bitcoin raises very slowly, so do also altcoins benefit, while if Bitcoin raises very fast and very much, altcoins tank - people sell them to enjoy the ride of Bitcoin.
It seems right, when bitcoin produces thousands of people selling altcoin to buy bitcoin and enjoy fast growth.But when prices start to stabilize they will discard some of it to play on altcoin for short-term gain.
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