Who Agrees with Me? - page 18. | Bitcointalksearch.org

Wallflower28

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Activity: 378

Merit: 11

Quote from: Aaarono on March 06, 2018, 03:56:27 PM

So I started noticing a pattern.
Everytime the market goes to the moon, the down trend lasts for a several weeks. Meaning, only when Bitcoin it's going to be at it's highest, the altcoins are going to be at the lowest point.
Then, the money from Bitcoin will start going to the Altcoins, making them going up even more.

Have you noticed the same thing?

I am not yet familiar in trading but logically speaking, if the BTC goes up some investors are taking the advantage to sell bitcoins and add up in their altcoin. So, as we can see cryptocurrency is playing by traders. If you have nothing ideas or experience in trading, for sure you will be trap by this event.

Lerikaweb

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Activity: 392

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The Fourth Generation of Blockchain in DeFi

All the cryptocurrencies are constantly being converted from one to another. Btc is the leading coin, this is why everybody notice it's price changes. But all the other coins ' prices go up and down, but they don't have as much audience as btc does.

boy130

sr. member

Activity: 616

Merit: 263

Yep, bitcoin always blazes the trail when the uptrends come, once it reaches its peak and stabilizes, people shift their funds into altcoins which still haven't peaked. Similarly, bitcoin tends to be the first to start dropping, and is followed by the top 10 market cap coins, and finally by the low market cap coins.

Minor Miner

legendary

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Be A Digital Miner

I've noticed that whales manipulate the market. And bitcoin doesn't fall without cause. A sharp drop at the market due to the fact that whales want to buy cheap coins. But we must be able to use this volatility.

Bounty_Hunter

full member

Activity: 252

Merit: 100

Quote from: Aaarono on March 06, 2018, 03:56:27 PM

So I started noticing a pattern.
Everytime the market goes to the moon, the down trend lasts for a several weeks. Meaning, only when Bitcoin it's going to be at it's highest, the altcoins are going to be at the lowest point.
Then, the money from Bitcoin will start going to the Altcoins, making them going up even more.

Have you noticed the same thing?

I don't agree with you. This does not always happen, it can not be considered a regularity. For example now, all cryptocurrencies follow bitcoin. And when bitcoin reached its ATH month all crypto have done the same. And then fell along with bitcoin....

cryptomema

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Activity: 224

Merit: 12

BTC movements regardless going up or down the altcoins are going to suffer,when bitcoin's price has stabilized that is the only time when these altcoins are going to grow massively,because most of the investors are going to put their money to these altcoins,but if there is some consilidation these investors are doubtful to put their money in the altcoins that is why they are pulling out their money just to be safe.

Beerwizzard

full member

Activity: 924

Merit: 148

Quote from: Aaarono on March 06, 2018, 03:56:27 PM

So I started noticing a pattern.
Everytime the market goes to the moon, the down trend lasts for a several weeks. Meaning, only when Bitcoin it's going to be at it's highest, the altcoins are going to be at the lowest point.
Then, the money from Bitcoin will start going to the Altcoins, making them going up even more.

Not necessary. Your observations are ignoring the volume of the coins.
Everything obviously can happen as you described but there are some more patterns. For example sometimes when Bitcoin is at its high it can remain almost at the same point for a long time but the volume will be way lower and at the same time altcoins will rise. Something like that happened when BTC has been coming to 20k point.

ronyfastlife

newbie

Activity: 78

Merit: 0

True, Very True observation.
Whole crypto market goes up when BTC go up, And if BTC down then all others go down.
Let's pray to go up BTC.

Shenzou

sr. member

Activity: 1414

Merit: 283

Quote from: Aaarono on March 06, 2018, 03:56:27 PM

So I started noticing a pattern.
Everytime the market goes to the moon, the down trend lasts for a several weeks. Meaning, only when Bitcoin it's going to be at it's highest, the altcoins are going to be at the lowest point.
Then, the money from Bitcoin will start going to the Altcoins, making them going up even more.

Have you noticed the same thing?

No not really, i mean if you look at the charts you will notice that bitcoin and alts move the same way, take a look now for exemple bitcoin is in the red and so as all the other coins, and this also applies for going up, see this the thing about cryptocurrency in general you can't really explain or predict how the prices are going to change because they are not affects by one event, they are not controlled by some goverment or bank, they are affected by many factors and events, all we can do i be ready.

mirte86

member

Activity: 100

Merit: 10

Yes, I think it will be like this in the future too, this is a trend but for the future nobody knows.

ukw

sr. member

Activity: 616

Merit: 250

Quote from: Aaarono on March 06, 2018, 03:56:27 PM

So I started noticing a pattern.
Everytime the market goes to the moon, the down trend lasts for a several weeks. Meaning, only when Bitcoin it's going to be at it's highest, the altcoins are going to be at the lowest point.
Then, the money from Bitcoin will start going to the Altcoins, making them going up even more.

Have you noticed the same thing?

If I have to be honest, you are right. What you described corresponds almost to what is happening with the markets constantly. But in general, there is a lot of logic in it.

IrenNTA

full member

Activity: 364

Merit: 101

"One Token to Move Anything Anywhere"

I'm not totally agree with you. In most cases the whole market follows BTC trend. So when it falls like now everything falls. Of course if there're good news about BTC and people start buying only BTC than most of ALTs will loose their positions, but it was only once in late December.

voxdu12

member

Activity: 322

Merit: 10

EndChain - Complete Logistical Solution

this trend has been working for a long time, I do not know only what it is connected with, probably people think that you can not get more from bitcoin and begin to convert your assets into alts thereby raising their prices

NeuroticFish

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Quote from: Aaarono on March 06, 2018, 03:56:27 PM

So I started noticing a pattern.
Everytime the market goes to the moon, the down trend lasts for a several weeks. Meaning, only when Bitcoin it's going to be at it's highest, the altcoins are going to be at the lowest point.
Then, the money from Bitcoin will start going to the Altcoins, making them going up even more.

Have you noticed the same thing?

My feeling is that when Bitcoin is rather stable, the altcoins have their chance to grow.
When whales are getting out, they sell altcoins too, not just Bitcoin, making everything go red. Also since the alts are mostly valuated vs Bitcoin, they all look bad.
When whales get in, they buy Bitcoin first, making it skyrocket. And, as I said at start, when things calm down, the alts have their chance.

randythered

full member

Activity: 434

Merit: 103

Quote from: Aaarono on March 06, 2018, 03:56:27 PM

So I started noticing a pattern.
Everytime the market goes to the moon, the down trend lasts for a several weeks. Meaning, only when Bitcoin it's going to be at it's highest, the altcoins are going to be at the lowest point.
Then, the money from Bitcoin will start going to the Altcoins, making them going up even more.

Have you noticed the same thing?

I disagree, the trend is more like this. Bitcoin pumps - altcoins fall/stable, bitcoin stable -altcoins pump, whole market crashes. Then it all repeats time and time again. Alts only seem to pump when bitcoin price is steady

jacaf01

hero member

Activity: 742

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The revolutionary trading ecosystem

That has been the case for long time, the money flow into and out of the space through Bitcoin, because the fiat gate way is majorly through Bitcoin and will leave exchange through Bitcoin, it is when is leave BTC that if flows into Altcoin market, that is why I use to tell people that it is on the interest of everyone to allow BTC price to bee up because the price movement brings the market down also

kingzpro

member

Activity: 756

Merit: 13

DIFX - Digital Finacial Exchange

Your observation is quite right, it is a normal market cycle, lets hope bitcoin will soon skyrocket then only our alt holdings will grow too afterwards.

rallyko

member

Activity: 210

Merit: 12

Yes, I also noticed that with the rise or fall of the bitcoin price, altcoins always fly to the bottom.
It seems to me that the prices of altcoins fly to the moon, only when the price of bitcoin is fixed.

Aminmon

member

Activity: 224

Merit: 10

Yes, it's perfectly normal.
The overall amount of capital for the whole market is limited, so there is insufficient when bear market of the whole market, so most people would choose investment bitcoin, and when the altcoin began to rise, then there will be a money is flowing from BTC to altcoin.

czhen

member

Activity: 308

Merit: 10

I agree that Altcoin is influenced by Bitcoin but that's it
Another negative factor is the non-acceptance of crypto as an official means of exchange in different countries. And again because of the interoperable and price demand and supply and demand supply prices.

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