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Topic: When bitcoin price goes up,altcoins prices goes up too? - page 3. (Read 2456 times)

sr. member
Activity: 435
Merit: 251
Most probably yes. When bitcoin price will go up, also altcoin altcoin prices will go up, first of all most popular altcoins, like ETH and Ripple. Altcoins market prices and also most popular altcoins, you can find here - https://coinmarketcap.com/. Altcoin market prices depend from Bitcoin, more or less.
jr. member
Activity: 93
Merit: 5
I am not a specialist in crypto structures,but when bitcoin price goes up,altcoins prices goes up too after unknown time or not Huh

Because always when btc rises,altcoins to started dropped down.
it doesnt always have to be up or also down.. due to the hardfork these days people are selling alts to get free bitcoin gold causing the coins to go deep down.
legendary
Activity: 1946
Merit: 1137
No, when bitcoin price goes up altcoin prices go down.

there are many reason for that. but mostly it is because traders want to focus on bitcoin and make the most profit out of the rally before it stops and starts its correction. and also because most altcoins are pump and dumps and bitcoin rise acts as the catalyst they needed to initiate their dumping phase.

and finally it is because people expect altcoins to get dumped so they act accordingly and when most of them sell, price starts going down, and because of that others join in and then we are left with a big dump.
hero member
Activity: 924
Merit: 511
When bitcoin price goes down, altcoins can't rise because bitcoin is the base currency dominenting all altcoins.
People buy and trade altcoin as this would profit them finally  by exchanging with bitcoin, so when bitcoin is down, people appears less interested with altcoin, thus the trade volume of altcoins gets decreased and falls down in price.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
I am not a specialist in crypto structures,but when bitcoin price goes up,altcoins prices goes up too after unknown time or not Huh

Because always when btc rises,altcoins to started dropped down.
The USD value for the altcoin will goes straight with the increase of the price of bitcoin, But remember the altcoin will be lost on its bitcoin value like what already happened in this time and many of them already lost a lot on its value caused by the bitcoin pump
sr. member
Activity: 303
Merit: 250
I am not a specialist in crypto structures,but when bitcoin price goes up,altcoins prices goes up too after unknown time or not Huh

Because always when btc rises,altcoins to started dropped down.

Mainly the altcoin and bitcoin price depends on their demands,which one's demand gets increases the price gets higher.Like you said bitcoin price increases the altcoin price will start to decrease which means when the bitcoin demands get increases there are many people started to buy which makes it more demandful coin when this takes place the demand of the other cryptocurrency normally decreases so the price also decreases.If whole world's people start to use digital currencies which makes it more demand so both price will get higher and higher as per their demand.
sr. member
Activity: 910
Merit: 252
I am not a good speculator I have witnessed two scenario august fork as well as upcoming October 25 fork both was having reverse behaviour one each other. In august fork people are not sure about hardfork and new coin availability and market reaction so most of the people including me invested on altcoin. After hardfork on august lots of bitcoin holder got free money in the form of bcc and also bitcoin price raised. Now people are clear about scenario for the October fork so every one investing on bitcoin so that they wi get free money like bitcoingold after fork . So selling altcoins and converting to bitcoin so altcoins failing badly in market.
full member
Activity: 392
Merit: 100
platform for everyday business
I am not a specialist in crypto structures,but when bitcoin price goes up,altcoins prices goes up too after unknown time or not Huh

Because always when btc rises,altcoins to started dropped down.


as far as i know,that bitcoin is not dependent of altcoins, sometimes if bitcoin price rise high the altcoins  rise up to.but their are times that if bitcoin dump, the altcoins is going high.maybe this two coins  have its own dynamic process.this is the scenario of the block chain industry
have its own idea, and fundamental but same  purpose in crypto world.
full member
Activity: 462
Merit: 100
No, it depends sometimes bitcoin rise altcoins drop. It depends on the reason for the rise or drop. For example, when chinese exchanges stopped trading, both bitcoin and altcoins decreased.
member
Activity: 79
Merit: 11
That is sometimes the case. Altcoins can also pump and dump, have real demand, or have other factors that influence there prices.
ask
legendary
Activity: 1386
Merit: 1004
Altcoin prices against USD yes its going up too. But against bitcoin this is little complicated.
As for now bitcoin is rising but eth/btc is falling.
hero member
Activity: 835
Merit: 500
I am not a specialist in crypto structures,but when bitcoin price goes up,altcoins prices goes up too after unknown time or not Huh

Because always when btc rises,altcoins to started dropped down.
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