Topic: when btc will go 10x in value does this mean my alts go too ? (Read 243 times)
It can affect the value of altcoins but not literally their value will also x10. Value of an altcoins really depends on its purpose, if it just a coin with a redundant purpose, for sure that it will dump in the near future. Look at Binance coin, even if btc value goes down, its value is still going up because of its usage and purpose. I think that we are already on the stage that some altcoins can stand alone. Good news for us investors because if the coin doesn't rely much on btc or ethereum, chances that they can overtake them is high.
i can sure with when BTC drops 10x, the altcoin will reduce 10x or more because of FOMO effecition. but wilt increasing of BTC, i dont know exactly altcoin will rise 10x or not, but you can believe that altcoin will rise up certainly.
Yes, I think your analysis makes sense.
If Bitcoin really goes up by a factor of ten times, other cryptocurrencies estimates will also rise. Only then will there be a lot of cryptocurrencies eliminated.
i can sure with when BTC drops 10x, the altcoin will reduce 10x or more because of FOMO effecition. but wilt increasing of BTC, i dont know exactly altcoin will rise 10x or not, but you can believe that altcoin will rise up certainly.
not surely if its price will go 10X grow as the bitcoin price now. and As my current observation yes. Bitcoin do a big part and role for altcoins to go and ride with the bitcoins up and down movement . all of the cryptocurrency as well as those shitty coins down there are also driving and gaining 7000% whenever bitcoin price will go up or even go down . the fact is cryptocurrency is cannot be predict anything can happen hehehe
No, it does not mean. Not always the altcoins follow bitcoin with its growth. Sometimes they go the other way. Always follow the market and the news to know how to act in this particular situation. The market of crypto currency is unpredictable, one can only assume on the basis of its own analysis.
This is a reality in this market. Bitcoin going up most time will instigate a bearish momentum in altcoin market especially when the bullish trend in Bitcoin is due to a hardfork or activation. But most times when altcoins get serious pump Bitcoin get pump too. This means Bitcoin can really succeed without the help of altcoins but altcoins will die a natural death without Bitcoin. I think any moments from next month we should expect a very serious pump of Bitcoin that will channels it part for 2018!
that is my question.
It really depends. Bitcoin is definitely independent from any altcoins. Though they are all cryptocurrencies, this doesn't mean that whatever the bitcoin's movement, that will be the same for other crytos. There are instances that Altcoins are really pumping but bitcoin's value is getting lower. So it depends and it's a case to case basis.
that is my question.
If you follow the cryptomarket news and regularly compare the rates of Bitcoin and altcoins, you will see that usually the situation when BTC falls and alts start to lose its price happen. However, the market of crypto is not predictable, thus, sometimes alts grow when BTC loses its positions.
While altkoins are dependent on bitcoin. And their price reacts very strongly to the change in the price of bitcoin. But I began to notice that the dependence is not so strong as before.
that is my question.
If you follow the cryptomarket news and regularly compare the rates of Bitcoin and altcoins, you will see that usually the situation when BTC falls and alts start to lose its price happen. However, the market of crypto is not predictable, thus, sometimes alts grow when BTC loses its positions.
Some of them yes, some not. i mean ussualy if alt price based on bitcoin yes it will go up along bitcoin price. But some alt have its own determinant for price
I think that this is the case, because as we can see from the graphs of the latest events, we clearly see there that the graphs are identical, so if bitcoin falls most of the altcoins fall, such are the cases.
If you check this site:
https://www.worldcoinindex.com/trending/overview
you can see the price difference between today and that 1 year before.
I'm just copying the prices (yours could be slightly different)
BTC 1051%, ETH 9070%, XRP 19269%, LTC 4445%, XEM 26086%
That, in my opinion, means that the alts price move independently of the price of bitcoin, and sometimes can bring more profit. You can lose your money too, check yourself, you'll find many negative (red) prices among them.
https://www.worldcoinindex.com/trending/overview
you can see the price difference between today and that 1 year before.
I'm just copying the prices (yours could be slightly different)
BTC 1051%, ETH 9070%, XRP 19269%, LTC 4445%, XEM 26086%
That, in my opinion, means that the alts price move independently of the price of bitcoin, and sometimes can bring more profit. You can lose your money too, check yourself, you'll find many negative (red) prices among them.
I think an in my opinion it is and has some negative effects.I think that if bitcoin super rises all of altcoins are affected.Some really go low.And some stay the same.Never thought if they too gain more value.Just check it out from sometime.
Yes, probably.
if btc suddenly went x10 then unless you have the best alts on this board they will sink in satoshi value like stones
if there is a gradual increase if you have good alts they should rise
since there are only a handful of REAL projects on this board and not many people do any homework then I'm guessing your alts will decrease over time regardless... unless youre the exception to the rule or get very lucky
with the best alts.. i am assuming you are referring to the top20 market cap? if there is a gradual increase if you have good alts they should rise
since there are only a handful of REAL projects on this board and not many people do any homework then I'm guessing your alts will decrease over time regardless... unless youre the exception to the rule or get very lucky
that is my question.
No, even if you trade your altcoins for BTC during that time that you will actually get less BTC than if you trade them when it's down.. depends if you are hodling or want to sell them for fiat though
if btc suddenly went x10 then unless you have the best alts on this board they will sink in satoshi value like stones
if there is a gradual increase if you have good alts they should rise
since there are only a handful of REAL projects on this board and not many people do any homework then I'm guessing your alts will decrease over time regardless... unless youre the exception to the rule or get very lucky
if there is a gradual increase if you have good alts they should rise
since there are only a handful of REAL projects on this board and not many people do any homework then I'm guessing your alts will decrease over time regardless... unless youre the exception to the rule or get very lucky
As an investor I don't appreciate the correlation of coins approaching 1 - once coins start trading on their merits and individual fundamentals sanity will return, but that is a long, long ways off.
Institutional money is just gearing up to get involved, and I promise they will cause the correlations to further increase and speculate so much that it will be one risk-on risk-off casino in crypto.
Wall street is great at ruining everything.
Institutional money is just gearing up to get involved, and I promise they will cause the correlations to further increase and speculate so much that it will be one risk-on risk-off casino in crypto.
Wall street is great at ruining everything.
Excellent
also for altcoins that run on the ethereum blockchain?
And "but if btc rise then some of potential coins rise with btc but many others stay at their dollar price which means fall in terms of btc price ." what are the factors deciding this? t.y very much
also for altcoins that run on the ethereum blockchain?
And "but if btc rise then some of potential coins rise with btc but many others stay at their dollar price which means fall in terms of btc price ." what are the factors deciding this? t.y very much
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