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Topic: Why altcoin prices down when bitcoin up. - page 4. (Read 6720 times)

hero member
Activity: 966
Merit: 507
Actually this used to occur before, but nowadays I have frequently seen the opposite: all crypto coins are involved in a strong bullish trend these days because of the current altcoin expansion.
sr. member
Activity: 952
Merit: 250
Because altcoin holders would sell all his coins to get bitcoins when price is increasing then they would probably buy altcoins if bitcoin is decreasing.
hero member
Activity: 1582
Merit: 523
I think altcoin prices down because of  its demand and supply. Also because of the  dumpers to get BTC as what they are doing is to hold its bitcoin prices.
sr. member
Activity: 826
Merit: 252
It always because of supply, demand, and news. Just like currency and commodities, they always have a signature market. People like us need to follow with coin management and good strategy, not to hurry just slow but sure. Besides that, if the prices not move we will never get profit, simple like that. The last thing please don't blame the coin market, we just need to fix our method, not the market.
hero member
Activity: 490
Merit: 500
Whenever bitcoin rally starts,altcoins start bleeding.Altcoin holders immediately sell their altcoins and buy bitcoins.Since sell order is more than the buy order,altcoin price starts to decrease.But when bitcoin price starts to fall,many bitcoin holders sell their bitcoins and start buying altcoins.Thus altcoin price increases.
hero member
Activity: 1414
Merit: 501
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Because the price is for balance, selling value and buying value of currency and selling value is very volatile can be the main trigger
Yeah, I also think like you, altcoin decrease and Bitcoin increase to create balance to the market because most altcoin prices are based on the price of bitcoin for adjustment, if the bitcoin price increases, the price of the altcoin will be adjusted to match the bitcoin price. Say exactly is the price of altcoin and bitcoin affect each other to limit market fluctuations, however, this is just one factor, we need to rely on many factors such as market information, information on projects related to altcoin and bitcoin, etc. to explain this problem.
hero member
Activity: 3066
Merit: 670
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altcoin are pump and dump bitcoin not, here your answer, but i think some altcoin got bursted because they increase too high quickly, and they increase all altogether which a rare thing, the profit still remain the same if you mine, because bitcoin is higher
I think not only altcoin but bitcoin also pumps and dumps, as in present time the price of bitcoin Is contnously increasing, but I think the maket is going to take a correction in next few days and the price will decrease a little, and there  I think that there is good chance that the price of many altcoin will pumps as people will divert their investment into altcoins.
sr. member
Activity: 420
Merit: 282
I think it was depends to the situation, because some Altcoins were raised up like Bitcoin. Also, I noticed that most of the altcoins were depending to the value of Bitcoin that's why they thinking that when Bitcoin raised up the altcoins were going down.
legendary
Activity: 3150
Merit: 1392
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it is actually not like that at all.
i think it is safe to say that altcoins are moving up and down unrelated to bitcoin. the fact that they are going down is only because they have been pumped and whenever price enters a bubble phase and worst of all enters a bubble with fake pump, that price has to come down. and now is the time for them to come down.

this time is coinciding with bitcoin price rise too. and that is only because they started the pumping campaign when bitcoin price started dropping in a correction move followed by some panic selling and followed by some FUD to shake out weak hands.
I would rather agree with this point. Sometimes they go up along with bitcoin and sometimes they go down. If we only look at the best coin - we can see that dynamics are not correlating. I'll take btc, eth and ltc. January 2016. Ethereum is growing in price whereas bitcoin is going down. Litecoin is quite stable and is worth 3$ (eth is worth a bit less). January 2017. Bitcoin started going up big time. Ethereum is worth $8 and moving up extremely slowly till March. Litecoin is worth less than 4$ and is also quite stable till the end of March. I think that's enough to see that things are changing all the time and there is no connection between the growth.
sr. member
Activity: 434
Merit: 252
Because the price is for balance, selling value and buying value of currency and selling value is very volatile can be the main trigger
hero member
Activity: 1106
Merit: 502
BTC prices are higher than altcoin, when BTC prices go up, everyone tries to get BTC rather than altcoin. It may happen panic selling .. then Altcoin price down. However, it is advantageous to dare to buy altcoin when BTC rises, when BTC price drops back then altcoin rises. Lucky for tradersBTC
hero member
Activity: 630
Merit: 500
The altcoins were price down when bitcoins raised up because they balance the value of each altcoins in there market but it was depends to the capacity of altcoins. Also the fluctuate of each currency in the market were making fair that's why some altcoins were price down when bitcoins is raised up.
legendary
Activity: 1652
Merit: 1057
The basic reason for this is because of BTC being the reserve currency of the crypto world. The average person has to get btc to buy alts. Unless there surges a significant alt/fiat market, they are bound to go down in btc value when btc goes up in dollar value. The same goes the other way, if btc goes up alts go up in dollar terms for a while but it is because of the markets still not reacting to that surge and thua preserving the same btc value for a while. After the markets realize btc is up, most alts go down to maintain the previous dollar value.
Yes, people are using altcoin as the main currency, they are trading alltcon using bitcoin, while some working for signature campaign and get altcoin, which they sell in the market to get bitcoin, and they use bitcoin for storing purpose or even use it for so many other purposes. They also use bitcoin for online shopping as most of the online shops now accept bitcoin for shopping. They also use btcoin for gambling purposes.
sr. member
Activity: 994
Merit: 257
i'm begin. what happen !   Huh Huh
It is not really a mystery, there is a limited amount of money riding in both altcoin and bitcoin, so when more money moves to bitcoin then there is less money available in altcoin and the reverse is true as well.
full member
Activity: 141
Merit: 100
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 double factor. as others say, alt pricing goes up and down on its own but mostly is tied to the ride/fall of bitcoin. The important part is that most alts are primarily traded in bitcoin denomination, which of course makes their value proportionate. If fleebs are only sold for zotskis then the value of zotski is going to mostly determine how many fleebs it takes to have enough to get a movie ticket.
full member
Activity: 141
Merit: 100
This is because when traders sell their bitcoins, it makes price fall, and the newly acquired money need to be put somewhere : in altcoins, so the price of those rise. However it seems not that true lately, since everything rose so hardly.
MMA
legendary
Activity: 1134
Merit: 1000
traders sell alt to get btc, hold and wait until market became calm lil bit. rebuy cheaper alt. repeat=profit?Huh??
This is only a common cycle and you do get it man. Alts comes cheaper because most holders of it do sell off to buy bitcoin seeing on the current price it do still climbing up and seems like it wont like to stop Smiley
But still wont matter at all because alts become cheap and thats the right time to buy again.Be wise and for sure profits would really flow into your hands.
Yeah when the altcoins price go down thats a good and right time for the investors to invest in altcoins so you can buy altcoins in a low price and buy a big volume of it and thats mean also a big cashback in your investments.
if you want to say that if the price of bitcoin go down, so i will add that most of the people do regular study about altcoin and they do not care either the price of bitcoin is coming down and then they will purchase bitcoin, in fact they they study the altcoin and then decide on the buses of their study that either they are going to invest their money in altcoin our not.
full member
Activity: 259
Merit: 100
BITMXITTZ
When altcoin price rises investors start selling alts for bitcoins and convert it to fiat, so bitcoin price goes down because more sellers of bitcoins in markets.
when alts down then viceversa.
sr. member
Activity: 364
Merit: 250
When bitcoin price up and altcoin price down then the mostly reason of it is because traders left their coins and buy it for bitcoin so definitely many altcoins can dump because of living it and going in bitcoin to buy in low and sell it in high. Then its just trick fellow traders they selling their coins in high after btc would bullish. Then after it they would sell their bitcoin in high and buying many altcoins in a low price after the pump of bitcoin
hero member
Activity: 630
Merit: 500
Yeah, it's true. But not all Altcoins were getting down when bitcoins were raised up in the market. Because some Altcoins were raised up together with Bitcoins it depends to the value needed. Also if we think that when Bitcoin raised up all Altcoins were getting down I think sooner or later other Altcoins have a tendency to die immediately.
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