Why altcoin prices down when bitcoin up. - page 5.

hase0278

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Quote from: zaspeed151 on May 11, 2017, 06:21:43 AM

i'm begin. what happen ! Huh

The others have said that altcoin prices are down when bitcoin is up because bitcoin increases in dollar value so many sell their altcoins, it is the most common reason but sometimes it is not the real reason for a dump during bitcoin price's upward movement. Even if bitcoin is pumped, there will be certain altcoins that are pumped too but the majority are dumped probably because some certain altcoins are being speculated as well at the time bitcoin is pumped while the others are just ending their current hype they had and it is just showing it's regular movements. For further analysis you can look at https://coinmarketcap.com/currencies/ so that you can see, some certain altcoins are pumped and is in the green.

Kuingsudaqila

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because all people if bitcoin price incraese selling altcoin
so can dump price and altcoin prices can down
several case with compare dollar value not down, or several case to bitcoin price incraese still incraese too (stellar,xrp, litecoin and more)

Ntbltkt

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I think!, the amount of alt coin more and more,but bitcoin is the opposite

emezh10

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Quote from: stomachgrowls on May 11, 2017, 07:21:16 AM

Quote from: sva_h4cky0 on May 11, 2017, 06:49:52 AM

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

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.

XbladeX

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Quote from: Ayers on May 11, 2017, 07:09:07 AM

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

Not really that shows only 2 things:
1) Bitcoin miners are too dump to backup good scaling solution in reality 100% of problems is politics
2) Bitcoin is big and can't move 10x in 2months like alts, so must speculative short therem capital goes to alts to makes much more gains that are avaible in BTC

Btc is safe heaven in crypto other coins are in 99% pure speculation at future use case.
Only ETH is used to funding ICOs but in reality such stuff was available before was named colored coins.
Now colored coins are crypto tokes.
To be hones i don't see heavy usage of ETH network and all is runned on chain as they want.

Stell

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Quote from: prashanta on May 11, 2017, 09:08:26 AM

Quote from: WallSinger on May 11, 2017, 08:51:48 AM

Normally traders sell alt to get btc, but in this moment (last 3-4 month) I can see that many altcoins stay steady when btc up. And this is really really really interesting!!!! BTCBTCBTC

I'm agree with you but i have a question to all what's the actual fact in this scenario that when btc up then altcoins stay steady...?

There's a Bear Market in Alts forming just take a look at their decreasing volume what happens when there is not enough volume to sell to anyone. People payed to high !

johnny5johnny5

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I think Bitcoin, Ethereum and Monero are all being used as stores of value. There is definitely at least somewhat of an inverse correlation between altcoin prices and Bitcoin, Ethereum and Monero prices.

prashanta

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Quote from: WallSinger on May 11, 2017, 08:51:48 AM

Normally traders sell alt to get btc, but in this moment (last 3-4 month) I can see that many altcoins stay steady when btc up. And this is really really really interesting!!!! BTCBTCBTC

I'm agree with you but i have a question to all what's the actual fact in this scenario that when btc up then altcoins stay steady...?

WallSinger

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Normally traders sell alt to get btc, but in this moment (last 3-4 month) I can see that many altcoins stay steady when btc up. And this is really really really interesting!!!! BTCBTCBTC

BitcoinHodler

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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.

UrsaMajorisBeta

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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.

stomachgrowls

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Quote from: sva_h4cky0 on May 11, 2017, 06:49:52 AM

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

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.

zaspeed151

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Quote from: sva_h4cky0 on May 11, 2017, 06:49:52 AM

traders sell alt to get btc, hold and wait until market became calm lil bit. rebuy cheaper alt. repeat=profit? Huh

??

Thx for answer

Ayers

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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

sva_h4cky0

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