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Topic: why Altcoin prices are falling against Bitcoin price? (Read 147 times)

legendary
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We should still get a strong Altcoin season in this cycle but there is a big buzz around Bitcoin now. Retail is interested in Spot ETFs via regulated institutional promoting. The Altcoin season could potentially be diluted this time, hopefully not though.
jr. member
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 Thank you for your answers  Smiley
hero member
Activity: 2520
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I know Altseason won't start until February, but why almost all alt coin prices are falling against Bitcoin price in last few days??

Not all but maybe those alts you follow experience some drought even though the price of bitcoin pump up so high. But I think its normal since lots of investors now are focus to acquire bitcoin that's the reason why the demand keep increasing for bitcoin and there's slow growth happening with altcoins.

But alt season might gonna happen soon once everything settled up that's why if you really believe that your altcoin is strong one then better keep it until this season came. Because if you got bored and sell it then maybe you might regret your decision for being so emotional on current event and just decide to dump those altcoins you have.
legendary
Activity: 2184
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I know because couple of experts on YouTube said that. I know that will make you laugh. But they are certainly knowledgeable people in crypto since very beginning. Jason Pizzino and Kyle Chasse.
I don't listen to people who call themselves "crypto experts", i don't even know the names you have mentioned here, my advise to you is that you should not take everything you see on the internet hook, line and sinker, DYOR and try to find out more from this community too. Altcoins will always be altcoins and when you buy some of them, you should understand that you are just gambling and there's a high possibility that it fails.
sr. member
Activity: 182
Merit: 120
I know Altseason won't start until February, but why almost all alt coin prices are falling against Bitcoin price in last few days??
Ooh really? Where did op got the impression concerning the increase of altcoins rising during February, it can happen at any time even if said February as some will predict it’s as a result of coexistence. There’s no fixed period as a matter of fact altcoins with potential are meant to show little sign even when it’s not yet time. If you’re the type that always observe the crypto market you’ll get notifications about coins rising also you should be careful during times like this when everyone is centered focus on making profit only including some random coins.
hero member
Activity: 3192
Merit: 597
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Can someone tell me why for example the Price of TAO and Jupiter isn't going up with Bitcoin price but of Atom and XRP is??
I can speak for TAO, it did already spiked up during March of this year and it reached an ATH of $730. As you can see on this chart below, that's an all time for how it performed. Maybe it's not yet the last ATH that it will be since it's still young and just started last year.

jr. member
Activity: 51
Merit: 1
Can someone tell me why for example the Price of TAO and Jupiter isn't going up with Bitcoin price but of Atom and XRP is??
jr. member
Activity: 51
Merit: 1
Useless - yes. But I am talking about TAO and Jupiter ...
According to CMC, Bittensor [TOA] is currently priced at $527.58, up 9.62% in a day, Jupiter is currently priced at $1.12, up 4.19% in a day.

You should have done your research before investing in them and as you can see they are interacting with Bitcoin but not with the price increase that I think you expected and this is normal as Bitcoin is now greatly humiliating the market, and these corrections and price declines are a natural and temporary condition in the short term, as after Bitcoin’s dominance of the market recedes, liquidity will flow into altcoins which will help in raising their prices well, you should take advantage of price correction times to strengthen your investment if you have believe in the future of the tokens you have chosen  and invest cautiously while accounting for the risks. If you're HODLing, you're doing fine.

Thank you for your answer, I'll make a record in my notebook.
jr. member
Activity: 51
Merit: 1
I know Altseason won't start until February, but why almost all alt coin prices are falling against Bitcoin price in last few days??

Because that always happens when bitcoin starts moving. When bitcoin price stabilizes, people will move on to first high cap altcoins, then mid caps and lower caps. And when bitcoin seems to be breaking out, everyone moves back to bitcoin, dumping most alts, and same cycle keeps on going.

This is nothing new. And why do you think (or know), that altcoin season doesn't start until February? Because literally no one would know that and you didn't know the reason why alts drop against btc either. So how do you "know"?


First of all thank you for your answer. I'll make a note in my notebook.
I am in crypto since last New Year's Eve Smiley Had no teachers and managed to make only 1 major mistake which was buying Celestia in March this year.
Answering your question:
I know because couple of experts on YouTube said that. I know that will make you laugh. But they are certainly knowledgeable people in crypto since very beginning. Jason Pizzino and Kyle Chasse.
hero member
Activity: 3192
Merit: 597
Leading Crypto Sports Betting & Casino Platform
I know Altseason won't start until February, but why almost all alt coin prices are falling against Bitcoin price in last few days??
That's because money is flowing in Bitcoin right now and that only shows that the dominance of Bitcoin in the entire market has become higher. IIRC, the ATH for Bitcoin's dominance was 80% on 2021 and that was also a bull run. Look, it's now 59.3% and we're also in a bull run but this probably gives the idea that we're not yet at the peak of it. So, that means that there could be more factor that can push Bitcoin's price if we're going to correlate it with the dominance that it has compared against the altcoins kingdom.

This is the percentage totalling 100% in the market, the image shows for BTC and ETH. The remaining are with the other alts.



So once the dominance of BTC goes down, there's nowhere to go but with the alts. Meaning, money flowing in the alts by that time.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
honestly so many coin already making a breakthrough, they are just retesting which might come off as falling against bitcoin but look at higher time frame you'd then see that the chart isn't that bad, it's just right now money centered around BTC and there are many ETF BTC spot buyer which aren't able to rotate to altcoin so don't be too optimistic but don't be too pessimistic either.

I think we'd see alt season once there's big rotation of money to alt which also gonna be reflected from the BTC Dominance chart, as of now we're nowhere near that stage.

legendary
Activity: 1932
Merit: 1549
Useless - yes. But I am talking about TAO and Jupiter ...
According to CMC, Bittensor [TOA] is currently priced at $527.58, up 9.62% in a day, Jupiter is currently priced at $1.12, up 4.19% in a day.

You should have done your research before investing in them and as you can see they are interacting with Bitcoin but not with the price increase that I think you expected and this is normal as Bitcoin is now greatly humiliating the market, and these corrections and price declines are a natural and temporary condition in the short term, as after Bitcoin’s dominance of the market recedes, liquidity will flow into altcoins which will help in raising their prices well, you should take advantage of price correction times to strengthen your investment if you have believe in the future of the tokens you have chosen  and invest cautiously while accounting for the risks. If you're HODLing, you're doing fine.
sr. member
Activity: 616
Merit: 322
I know Altseason won't start until February, but why almost all alt coin prices are falling against Bitcoin price in last few days??
There is a lot of hype on Bitcoin right now and the price of Bitcoin is constantly increasing and it will almost hit our dream of $100k very quickly.  Which is why many people are selling their altcoins and investing in Bitcoin because they want to get shortcuts and quick profits.  Altcoin season has not yet started, so the price of Altcoin is not increasing, on the contrary, it is sometimes seen to decrease a little.
legendary
Activity: 3080
Merit: 1178
Leading Crypto Sports Betting & Casino Platform
I know Altseason won't start until February, but why almost all alt coin prices are falling against Bitcoin price in last few days??

Because that always happens when bitcoin starts moving. When bitcoin price stabilizes, people will move on to first high cap altcoins, then mid caps and lower caps. And when bitcoin seems to be breaking out, everyone moves back to bitcoin, dumping most alts, and same cycle keeps on going.

This is nothing new. And why do you think (or know), that altcoin season doesn't start until February? Because literally no one would know that and you didn't know the reason why alts drop against btc either. So how do you "know"?
jr. member
Activity: 51
Merit: 1
I know Altseason won't start until February, but why almost all alt coin prices are falling against Bitcoin price in last few days??

Not almost all altcoins, usually the ones that experience a price drop when Bitcoin goes up are tokens that don't have strong fundamentals. You can see 7d% on Coinmarketcap for every major altcoin, they all experienced a price increase. Then, the current Bitcoin dominance is also very large, the ratio is 60:40, it is not surprising to see useless tokens experiencing a price drop.
Useless - yes. But I am talking about TAO and Jupiter ...
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
I know Altseason won't start until February, but why almost all alt coin prices are falling against Bitcoin price in last few days??
There are many altcoins that are increasing in price recently. But the problem is when they will fall. If you see some altcoins that do not increase in price right now as bitcoin is increasing, there are tens of thousands of coins while some may not be interesting for investment to investors for now. They may later be pumped. If some of them are not pumped, that is altcoins for you. Many of them are shit coins. Just gamble with them. Many of them that are significantly rising now may even still later fall and not get to all-time high again as usual.
full member
Activity: 294
Merit: 178
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I know Altseason won't start until February, but why almost all alt coin prices are falling against Bitcoin price in last few days??

Not almost all altcoins, usually the ones that experience a price drop when Bitcoin goes up are tokens that don't have strong fundamentals. You can see 7d% on Coinmarketcap for every major altcoin, they all experienced a price increase. Then, the current Bitcoin dominance is also very large, the ratio is 60:40, it is not surprising to see useless tokens experiencing a price drop.
jr. member
Activity: 51
Merit: 1
I know Altseason won't start until February, but why almost all alt coin prices are falling against Bitcoin price in last few days??
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