Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?
I think for altcoin, not as simple like bitcoin which people already know and believe. I mean, for altcoin it depends on their developer, and progress, and maybe any other factors for the coin to be dumped and pumped. Maybe simple thing that we can take about it is, be prepared because if we not prepared when holding altcoin and then price dumped a lot more than bitcoin, it can cause us panic and maybe cut lose our assets. 
Topic: Why alt coins don't go up with bitcoin as much they go down with it? - page 2. (Read 363 times)
January 29, 2022, 04:39:27 PM
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
January 29, 2022, 04:32:41 PM
Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?
I can understand your stand point really, but you should understand that currently, bitcoin still has the lion share of the entire cryptocurrency market capitalization which is why it still controls some major stuffs in crypto currencies most especially in pricing.What I think happens is that, since almost all altcoins are trading against bitcoin, and we all know that bitcoin has the largest community in crypto, when bitcoin is going down, it is possible that alot of investors and holding their bitcoin, some are even selling their altcoins to buy more bitcoin while it cheap.
And when bitcoin begins to go up, many investors are holding their bitcoin for more profit, majority of this investors are also selling their altcoins bags to enable them FOMO in on bitcoin.
This is why when bitcoin goes down, altcoins go down with it, and when bitcoins begins to go up, altcoins continue to stay down.
January 29, 2022, 03:20:28 PM
~
It could be though. I forgot to mention that, thank you for the quote.I can't imagine someone still holding that kind of ranking coin for a decade. For sure the coin would be flat-out dead even by half of a decade unless there is still a cult or community out there keeping up the hype for no reason.
January 29, 2022, 03:05:24 PM
Moving or retreating altcoins is not entirely dependent on the value of Bitcoin although the effect of Bitcoin's movement on the market remains. Behind it all, the price of altcoins goes up or down depending on the strategy of each of them.
January 29, 2022, 02:54:05 PM
we will not see conditions similar to what happened in the past ,the market has not fully recovered in conditions that are currently still going to be corrected again ,regarding the altcoins you manage I don't know anything because you didn't mention it ! so I think maybe investors are still waiting for the bottom price
January 29, 2022, 02:46:59 PM
When you think of crypto, you would most likely think of Bitcoin. This is probably what's going on to investor's minds when they're doing their dumps and buys during/before the dip. It's a risky world of shitcoins out there that's why Bitcoin is probably the one recovering better than these coins you mentioned though I never bought any single coin of what you just mentioned there, mate.
I also assumed that since they have lower volume, they have higher volatility, which is why it is easier to drop them. Most people "believe" in bitcoin, the future of it and all that which is why they hold it as long as possible. However, not that many people believe that 534th ranked shitcoin would be as good as bitcoin, so they buy it and hold it and sell it later on. This is just how it works and if you do not believe in a project then you would be glad to sell it as soon as you make enough profit. There is a good reason to hold bitcoin long term, there isn't one for many others, you can name maybe 10 or even 20, but the rest will not be in your 10 year holding list.
January 29, 2022, 02:39:51 PM
Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?
Actually this concept is quite prominent in Cryptos, when BTC falls the whole market falls, alts will fall with a larger percentage for sure. But when the market recovers back btc is the first mover and alts move up lesser than it but later on when btc would stabilize there would be an alt season and it will be at this time that the alts will go moon. So basically crux is that it's not that alts won't rise again it's just that market is programmed this way that the bullish volumes doesn't split in all the currencies while the bearish volume does. January 29, 2022, 02:03:51 PM
~
When you think of crypto, you would most likely think of Bitcoin. This is probably what's going on to investor's minds when they're doing their dumps and buys during/before the dip. It's a risky world of shitcoins out there that's why Bitcoin is probably the one recovering better than these coins you mentioned though I never bought any single coin of what you just mentioned there, mate. 
January 29, 2022, 01:39:59 PM
Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?
That's is why it's best to have a large portion of your portfolio on Bitcoin rather on altcoins. This is always the case on altcoins and you've got a good observation on that, this has been the setup on most of them and even if you like it or not you may wait until altcoin season for most of them to pump up. It's not an issue to be honest but Bitcoin market cap or its liquidity is surely the focal point of all, it is still the huge piece of the whole pie. 
January 29, 2022, 12:55:57 PM
because all the market capitals are revolving around bitcoin at the exact time of bearish market.
most of the investment will only flows into the market of the altcoins when the market of btc and the trend has finally become quite bullish
it could also caused by the fact that most of the altcoins are following trend of btc and also having relatively lower market capitalization that could make it more vulnerable against massive sell off and panic selling.
remember that investment almost always flows in among the higher ranked altcoins first because they are the kind that attracts attention of big investment and big venture capitals. People are also looking for the safe place to keep their money and they think that bitcoin was the best thing to be used save their value from the volatility and dump that happened with the market.
most of the investment will only flows into the market of the altcoins when the market of btc and the trend has finally become quite bullish
it could also caused by the fact that most of the altcoins are following trend of btc and also having relatively lower market capitalization that could make it more vulnerable against massive sell off and panic selling.
remember that investment almost always flows in among the higher ranked altcoins first because they are the kind that attracts attention of big investment and big venture capitals. People are also looking for the safe place to keep their money and they think that bitcoin was the best thing to be used save their value from the volatility and dump that happened with the market.
January 29, 2022, 12:35:11 PM
This is a typical pattern that could be observed again and again in the past. As a rule, altcoin prices lag behind for a while when Bitcoin rises again. Once the altcoins then rise, they usually rise more than Bitcoin. My guess is that many are currently unsettled and tend to bet on the safe option - i.e. Bitcoin. As soon as they notice that the market is stabilizing, they will increasingly switch back to altcoins.
The market is very dependent on bitcoin as altcoins can only take over the market after bitcoin calms down, I have observed that typical pattern is beneficial for betting on altcoins after bitcoin has gone up and tends to stabilize, although I have applied that pattern for short term trading but do not recommend it to anyone . 
January 29, 2022, 11:59:41 AM
Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?
I think that is because bitcoin itself is not increased too much, so many altcoins can not move to the higher price. If somehow, bitcoin price jumps and back to $40k, you will see many altcoins start a race to the higher price and maybe some of the altcoins can make a new ATH. Once some altcoins get a new ATH, we may see a new altcoin season that can increase the other altcoins and get the same new ATH. The altcoin will move following bitcoin price so it is not surprising is not many altcoins can increase so high. 
January 29, 2022, 10:43:58 AM
It's caused by bitcoin will become the only crypto that will get less impact during the bearish market. There was another option by converting their money to the stable coin but when they are being too late and they may lose a lot. that's why bitcoin has become the safest place for anyone to keep their value. I should remind you that if these days people used bitcoin as store of value as well.
When they are converting their assets into the bitcoin and they can decrease their lose due to the bearish trend. Holding bitcoin is also anticipating another bounce that can happen soon and they will be massively jumping to the altcoins again. Any crypto users are very familiar with this method.
When they are converting their assets into the bitcoin and they can decrease their lose due to the bearish trend. Holding bitcoin is also anticipating another bounce that can happen soon and they will be massively jumping to the altcoins again. Any crypto users are very familiar with this method.
January 29, 2022, 07:40:06 AM
Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?
IMO Its because Altcoins are not tied up with Bitcoin in terms of price and value when Bitcoin price moves up, most Altcoin prices will remain the same while others are slowly catching up because each project has different purposes, functions, and prices drivers while in some other cases the community itself can be price drivers on any altcoins if they can pump it.
January 29, 2022, 07:35:40 AM
I think investors will see the trend in the market, if the market shows signs of improving then they will immediately buy again, but if the market is still stagnant then it is difficult for them to buy again and look for other alternatives.
What other alternatives ? I think that if Bitcoin itself doesn't have a good value fix then the other Alternatives won't work as well even if they are chosen by a lot of people now, so this is what a lot of people need to look at now. January 29, 2022, 06:48:59 AM
Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?
I think investors will see the trend in the market, if the market shows signs of improving then they will immediately buy again, but if the market is still stagnant then it is difficult for them to buy again and look for other alternatives.
January 29, 2022, 06:41:26 AM
Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?
Don't you ever understand the behavior people in the crypto? this has been happening since a long time ago and here is it.
During the pump
People have cash in their wallet - buy bitcoin coz bitcoin will be pumped first before altcoins - bitcoin becomes stable - people converting their bitcoin and stable tokens to the altcoins.
The opposite thing will happen once they will be facing the bearish trend. They will be moving back their assets to the bitcoin and stable token as both have the biggest liquidity and the safest assets during the dump.
Bitcoin will get less dump compared with altcoins and they can go to the altcoins once recovery will come.
January 29, 2022, 06:23:33 AM
Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?
This is a typical pattern that could be observed again and again in the past. As a rule, altcoin prices lag behind for a while when Bitcoin rises again. Once the altcoins then rise, they usually rise more than Bitcoin. My guess is that many are currently unsettled and tend to bet on the safe option - i.e. Bitcoin. As soon as they notice that the market is stabilizing, they will increasingly switch back to altcoins.
January 29, 2022, 06:16:19 AM
Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving.
It's caused by people are getting scared to get into the altcoins again and they are waiting for the direction of bitcoin. When bitcoin already given a signal for them and they will be try to deciding whether they shall join in the altcoins again and buy the dip or not. That's why altcoin need more time to be recovered from the dump against bitcoin. People prefer to hodl BTC and stable coins over altcoins. This makes the recovery for altcoins being so slow compared with bitcoin. And this is really issue with alt coins why is there such behaviour?
that's a common behavior when people prefer to hodl good assets and try to sell volatile assets to avoid the more losses. So many traders are also doing this thing as well. Don't worry about that. Once they will get into the altcoins again and it will recover as soon as possible. 
January 27, 2022, 12:53:39 AM
Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?
Since many altcoins are only used as a way to double the btc owned, never really consider altcoins worth to hold, because many of them do not have a use case and could become zero value in long run, so it will be risky if hold without a definite future. That's why you'll always see btc go down altcoins as well and when btc goes up altcoins go up too but not significantly unless someone pumps it. Jump to: