I understand it that way: altcoins are still very joung as compared to BTC , and when the "father" grows up and background is fine, so in most cases everything great with the altcoins and they grow too. But if some bad news about Bitcoin come, so this idyll is disturbed. BTC falls and pulls other coins, so probably the most serious and strong projects could stay afloat, but by the long fall of BTC they will go down too, or very very strong news about these projects are needed, that will generate demand on them and they won't fall. In most cased the news for coins /tokens are not working when BTC falls to the hell. But situation will change in year-two.
Topic: Why Altcoins fall when Bitcoin Falls - page 4. (Read 535 times)
Because almost all crypto market pairs is trading to BTC. So, when BTC price go down - altcoins goes much deeper. Also BTC is used as an indicator of whole market and, when BTC price falls huge, everyone want's to sell alts.
Bitcoin becomes cheaper, and people get altcoins for bitcoin, hence coins become cheaper.
it seems to me here everything is obvious
it seems to me here everything is obvious
Some altcoins are just following the flow of bitcoin because they are connected and sometimes the conversion takes place.
Because you do not trade for example Eltcoin with USD or EUR, you trade them through Etherium and Bitcoin, and same goes for Etherium. Also when the King is falling the army will have difficulties too. I`ve already explained in my previous comments about the post bullrun effect when the run is over and alts are up.
The simple reason is that bitcoin market capitalization drives the whole market. Bitcoin market cap alone is about 40% or more of the total altcoin market. So what do you think when the king is going down, others will go down with it.
Everything in crypto depends of Bitcoin. When Bitcoin price drops and people are selling, most of them are selling their alts as well. When Bitcoin is falling the market confidence is very low.
I think altcoins are dependent on Bitcoin. Bitcoin has great influence on altcoins. But this is not true that when Bitcoin goes up all coins will follow. I have seen several time the opposite issue.
If you notice, when Bitcoin falls, all the alt's falls tick into tick and the chart is identical. Most likely this is due to the fact that the robots are trading and their algorithm is tied to the price of Bitcoin.
I think Altcoins fall together with Bitcoin because they are connected, even if lots of people believe they are not. Despite a huge number of other crypto-currencies, on their growing popularity, Bitcoin has been and remains today the most popular digital currency. All investors look first at him, and mentally associate the fluctuations of his rate with the prices for the rest of Altcoins. As soon as the price of Bitcoin falls, people start to panic and this affects other crypto-currencies.
I am trying to understand why altcoings are fall. Is there any way to see altcoin prices independent from Bitcoin? If demands are get higher for an altcoin while Bitcoin falls, do you think altcoin will get more value. I am newbie and trying to understand.
cause many altcoins are valued with bitcoin. bitcoin is the first coin and used to determined the value of all the market. the best cryptocurrency is bitcoin so bitcoin is top leader right now. so when bitcoin value drop others will follows.
Because they are always going to depend on bitcoin, maybe you do not understand this because this is very difficult to understand if you are a newbie.
But if bitcoin drops, everybody is going to panic, and they all will sell their altcoins because they are afraid of losing everything because of a crash.
But if bitcoin drops, everybody is going to panic, and they all will sell their altcoins because they are afraid of losing everything because of a crash.
I am trying to understand why altcoings are fall. Is there any way to see altcoin prices independent from Bitcoin? If demands are get higher for an altcoin while Bitcoin falls, do you think altcoin will get more value. I am newbie and trying to understand.
I think Bitcoin is a great influence to the alt coin market. While sometimes divergent as seen when Bitcoin pumps while altcoins dump, Bitcoin still leads the pack.
I am trying to understand why altcoings are fall. Is there any way to see altcoin prices independent from Bitcoin?
No, altcoins are dependent to bitcoin so there's always a domino effect when the price of bitcoin starts to be shaken out, altcoins will follow as well.If demands are get higher for an altcoin while Bitcoin falls, do you think altcoin will get more value. I am newbie and trying to understand.
Yes, altcoins will get more value if there is a big demand but don't expect that it will stay for a long time. Traders will always be traders, they won't stay on a single coin unless they are just a holder. When that altcoin gets a big demand, they will simply sell that coin and buy back with bitcoin.
Some good answers here (that BTC is tied to the altcoing trading pairs etc), but I think a bigger reason is market confidence itself. When BTC falls, people fear that the whole thing might be a bubble, and thus they may start cashing out, alt coins included. When BTC increases they feel more confident that crypto is the way of the future, and so new investors will now take more risk in investing in altcoins.
I am trying to understand why altcoings are fall. Is there any way to see altcoin prices independent from Bitcoin? If demands are get higher for an altcoin while Bitcoin falls, do you think altcoin will get more value. I am newbie and trying to understand.
Often the whole market moves together. Bitcoin is tied to altcoins through trading pairs, and is also the gateway from fiat currencies. Sometimes bitcoin and alts move up or down together, for a variety of reasons.
Because the BTC is like a bellwether for cryptocurrency markets, if BTC starts to fall, it means that all tokens will start to fall.
And after selling Altcoin, you get BTC, and if BTC goes down, then it means that the legal currency you get will also fall.
However, not all altcoins are independent, like ETH and LTC, which have already started to be controlled by BTC, and they will have their own rise and fall, which is different from BTC.
And after selling Altcoin, you get BTC, and if BTC goes down, then it means that the legal currency you get will also fall.
However, not all altcoins are independent, like ETH and LTC, which have already started to be controlled by BTC, and they will have their own rise and fall, which is different from BTC.
I am trying to understand why altcoings are fall. Is there any way to see altcoin prices independent from Bitcoin? If demands are get higher for an altcoin while Bitcoin falls, do you think altcoin will get more value. I am newbie and trying to understand.
Any coin can be expensive as bitcoin if they have same demand as the bitcoin holds.There is no connection between any cryotocurrency prices their price will be based on their demands respectively.Sometimes all the coins will fall when fake news spreading like bitcoin was banned in some countries then people will get panic and sell all their coins so the supply increases demand will decreases so this is the cause when bitcoin falls,the price of altcoins are also falling.
I am trying to understand why altcoings are fall. Is there any way to see altcoin prices independent from Bitcoin? If demands are get higher for an altcoin while Bitcoin falls, do you think altcoin will get more value. I am newbie and trying to understand.
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