Why alt coins don't go up with bitcoin as much they go down with it? - page 3.

Sir Legend

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Quote from: coinmanhere on January 26, 2022, 12:43:25 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?

Maybe altcoins that still have a small marketcap that can't follow the trend when bitcoin goes up, look at the top 100 or up to 500, when the bitcoin price goes up the majority will go up, and I think this is a natural thing because investors will wait for the market to buy again.

dansus021

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there is actually rule even tho is not 100% accurate and altcoin can pump even bitcoin dump for some reason

and there is post about it https://bitcointalksearch.org/topic/--5316339 you can take a look

Fundamentals Of

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I think it is because when the price of Bitcoin starts to show signs of recovery, people who have a lot of altcoins would also be selling their altcoins so that they could ride with Bitcoin's recovery. We have known that Bitcoin's dip is always temporary. Sooner or later, its price will definitely rise once again. By the time it happens, crypto fans would not want to miss the rally. In order to do that, they would either buy back Bitcoin using their fiat or stablecoins or they would sell their alts for Bitcoin.

RondoAnyar

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I think people are following the trend where bitcoin is going. For example, bitcoin is experiencing a decline, then altcoin holders are also going with the flow. The reason altcoins tend to recover slowly, while bitcoin moves faster, is because altcoin holders move some of their assets to buy bitcoins, and long-time investors in altcoins don't buy the coins they held before, they spread their investment across various coin options.

takngantuk

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Quote from: coinmanhere on January 26, 2022, 12:43:25 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?

because when it's altcoin/bitcoin down, people will sell it. and when they recover, they prefer a coin that has a higher upside potential, namely bitcoin. this is what keeps altcoins from moving or having little impact when it comes to market recovery. but when everything is normal, altcoins will also increase. and another reason is that at the start of the recovery, the market focus will only be on bitcoin. altcoins will not get the same attention as bitcoin, this is what hinders the recovery of some altcoins.

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Quote from: coinmanhere on January 26, 2022, 12:43:25 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?

Erase the idea that once bitcoin pumps a bit, most altcoins should follow. It might be the scenario before but the market has changed since then. If you hold some altcoins that didn't get dragged up whenever Bitcoin is on the uprise, see if there's really a reason why it should go up. Is the volume of that coin perfectly smooth? Is that coin can be considered worthy to invest in for long? Are there any intense price actions that happened on that coin before or something like that?

Bottom line, not all altcoins are having the same behaviour and should go up too alongside the price increase of Bitcoin. You should modify your portfolio if there's something wrong with it regardless of the market trend.

adzino

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When bitcoin goes up, people start investing more in bitcoin. Hence the price goes up even more. People also invest in altcoins but at the same time others starts to sell their altcoin to invest in bitcoin. Hence, bitcoin goes higher than altcoins. On other hand, as bitcoin goes down, altcoins goes even further down because more people starts to sell their altcoins to buy bitcoin at a cheaper price. This is how the market usually works. But yeah, there are exceptions sometimes.

SlimShadyMmp

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Most People sell and never come back and you do know that there are like thousands of altcoins around so basically the suggestion is follow good top projects and when is down and there is catastrophe in the market then buy some of the dips Like you can never be wrong with things Like matic luna as they are top altcoins Look at the top ones and buy them on a dip and never buy them is price is at all time high Is a bad idea

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Quote from: coinmanhere on January 26, 2022, 12:43:25 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?

That's how it has always been - for as long as I can remember. Firstly, Altcoins are paired with /BTC pairs and that has an effect on altcoins on either direction bitcoin chose to move whether positively or negative. Another reason is that altcoins have their own time to outperform Bitcoin and that day isn't today.

Overall market sentiment is still bearish so I'd say we should lower our expectations this market.

Yogee

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Think of most altcoins as pump and dump during a BTC downtrend. That may be an extreme comparison but they really bleed more because they are left behind by their community. Nobody is buying and so not enough volume to counter the selling pressure from bears and panic sellers. Most of them only come back during a bull market.

QueenVera

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Quote from: coinmanhere on January 26, 2022, 12:43:25 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?

Uncertainty that is the reason. When it comes to Bitcoin, we all know there is always going to be just one but with altcoins we have them in multiple version some even doing exactly the same thing but with just a different name and small differences. Now speculators always want the best out of the market, there is no certainty that this particular altcoin is going to raise as there are multiple options to choose from also the money flowing into the market get divided by majority of the altcoins but that of Bitcoin is just for Bitcoin.

Best solution is to hold your altcoins through times like this and accumulate more if you have the finances for that. During the bear market, it is best you focus on your girlfriend

avikz

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Quote from: coinmanhere on January 26, 2022, 12:43:25 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?

Because they are altcoins, and not bitcoin! That's the easiest explanation available!

I am sure you have made this observation by looking at the top 10 altcoins. But that's not entirely true. When bitcoin is plunging, there are several altcoins that are going up. Some altcoins are growing by 600 - 700% to be honest. So your observation is only limited to few altcoins which closely mimics bitcoin's movement. But the market is somewhat different than what you think. Please look into CMC website and you will understand. The entire altcoin market doesn't follow bitcoin.

ryzaadit

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One thing needs to be learned.

If the bitcoin on move situation, the altcoin will not go up. It's already basic simple, because "Altcoin" needs BTC to up and then side away first to make Altcoin movement. People will more trade bitcoin during fear bitcoin.

Altcoin only move from USD side, while just adjustable price from Altcoin BITCOIN Pair.

mk4

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99.9% of altcoins outside of stablecoins(obviously) are sort of "risk on" assets. Hence why in bull markets, bitcoin dominance tends to be a lot lower than usual because people usually make a lot more money(assuming you get in and out with good timings) holding certain altcoins.

dothebeats

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The market still has to buy altcoins for it to go up significantly. Most of the time when bitcoin goes up, the attention is only directed towards bitcoin and other alts are left out. Profits are way higher on the bitcoin side of things during its recovery, and other traders share the same sentiment (kind of), hence why the altcoin market is kinda lackluster compared to bitcoin in terms of recovery.

Alts that are paired to bitcoin on exchanges should basically go up, too, but you also need to consider that if no one is buying those coins at the same time bitcoin is going up, the increase wouldn't be that significant at all.

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Quote from: coinmanhere on January 26, 2022, 12:43:25 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 presume that those coins have bitcoin pairing on some exchange. If bitcoin crashes huge those coins with btc pairing are likely to be affected and dragged them down. Likewise when btc pumping somehow it correlates with the reversal. Those who dont move much have those paired with usdt this is just an observation to some of the coins and tokens but somehow this cant be a reliable reason cause other tokens also somehow pumped regardless whether it has btc pair or not.

KaliLinux

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I think basically when Bitcoin is going down, everybody tends to follow the trend of selling too, bringing the Alts down with it but since the majority of the Big traders/investors are into Bitcoin, it tends to also recover quicker and even the Alts traders join in that Bitcoin recovery to the upside hence Alts will take longer time until Bitcoin is stable before we see Alts big rally.

coinmanhere

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Quote from: Darker45 on January 26, 2022, 01:08:17 AM

Basically, an altcoin's value is either sourced from its own project's success or simply sucked from Bitcoin's popularity or from a certain crypto hype. Majority of the altcoins, though, are simply parasites. Bitcoin represents the entire crypto market such that when Bitcoin is bullish much of the entire crypto market is also bullish. But when Bitcoin is down, the entire crypto market will also be down. When altcoins fall down together with Bitcoin, since many of them don't have anything really, not a working product, not a community, and so on, many of them can hardly get back again.

I get that but even good coins like pancake which has so many used cases goes down double digit upto 22% buy when bitcoin is recovering it is moving up so slowly.

Anonylz

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Alts don't usually recover immediately alongside btc besides, we can't really say if btc is done dipping until when it is certain btc is fully out of the bear zone only then can you begin to see alts significant rise, right now the market is very unstable and alts depends on btc full recovery to perform. So you need lots of patience and time to see some alts coming back to their previous price, while some will never be able to recover, the reason why only few alts are worth investing on.

Darker45

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Basically, an altcoin's value is either sourced from its own project's success or simply sucked from Bitcoin's popularity or from a certain crypto hype. Majority of the altcoins, though, are simply parasites. Bitcoin represents the entire crypto market such that when Bitcoin is bullish much of the entire crypto market is also bullish. But when Bitcoin is down, the entire crypto market will also be down. When altcoins fall down together with Bitcoin, since many of them don't have anything really, not a working product, not a community, and so on, many of them can hardly get back again.

Topic: Why alt coins don't go up with bitcoin as much they go down with it? - page 3. (Read 363 times)