Topic: Why alts are going down? (Read 230 times)
This is called noise. This always happens on the market, something that can not always grow up. There will be falls but there will also be growth. The main thing is that these indicators are not equal.
I dont got this game..
when bitcoin is rising the alts are going down
when btc is going down the alts still going down
what the fuck??
This make no sense
alts need to follow bitcoin when he is rising too
During the previous few days, bitcoin rises but in a low range. It needs to break 12k to move forward.when bitcoin is rising the alts are going down
when btc is going down the alts still going down
what the fuck??
This make no sense
alts need to follow bitcoin when he is rising too
Hold your alts and don't be panic.
When bitcoin rises, alts rises in follow. That's when you sell your alts.
I dont got this game..
when bitcoin is rising the alts are going down
when btc is going down the alts still going down
what the fuck??
This make no sense
alts need to follow bitcoin when he is rising too
There many factors to consider why altcoins is goin down but the massive selloff due to FUD who 's aim to mislead information that panic crypto holders and also the whales trying to control supply and demand of crypto when bitcoin is rising the alts are going down
when btc is going down the alts still going down
what the fuck??
This make no sense
alts need to follow bitcoin when he is rising too
To the above, the simplest answer to the question is, “because Bitcoin is king/queen, and the other coins are at best following it.
It is hard to come up with a fundamental algo with which to price coins, so coin prices just follow Bitcoin as a sort of gold standard (“the Bitcoin Standard”).
It is the number one coin, and thus it is the coin that decides the market price in general.
If there is another standard way of changing alts to other currencies example to FIAT. it would much less affected to the price of BTC.
It is hard to come up with a fundamental algo with which to price coins, so coin prices just follow Bitcoin as a sort of gold standard (“the Bitcoin Standard”).
It is the number one coin, and thus it is the coin that decides the market price in general.
If there is another standard way of changing alts to other currencies example to FIAT. it would much less affected to the price of BTC.
I dont got this game..
when bitcoin is rising the alts are going down
when btc is going down the alts still going down
what the fuck??
This make no sense
alts need to follow bitcoin when he is rising too
It's purely of demand, maybe when bitcoin drops demand all markets on altcoin also go down, i think it's a good signal to buy or sell altcoin. You need to learn to take that chance and think more positively. when bitcoin is rising the alts are going down
when btc is going down the alts still going down
what the fuck??
This make no sense
alts need to follow bitcoin when he is rising too
I dont got this game..
when bitcoin is rising the alts are going down
when bitcoin is rising the alts are going down
Bitcoin is like the father of all the coins out there. So if it falls, the others will too.
I dont got this game..
This make no sense
This make no sense
Nothing actually makes sense anymore right now lol.
Just get over it and enjoy the ride!
I dont got this game..
alts need to follow bitcoin when he is rising too
alts need to follow bitcoin when he is rising too
When bitcoin is rising, most of the time the altcoins will rise too. Maybe some will still dropping, but most of the altcoins will rise if bitcoin rises too.
You might be referring the "dropping altcoin" to few of it only. Probably ranked 200-500 altcoins.
It's just another round of correction to shake off the weak tokens. Don't worry if you are holding something you believe in long term.
I dont got this game..
when bitcoin is rising the alts are going down
when btc is going down the alts still going down
what the fuck??
This make no sense
alts need to follow bitcoin when he is rising too
when bitcoin is rising the alts are going down
when btc is going down the alts still going down
what the fuck??
This make no sense
alts need to follow bitcoin when he is rising too
Sir there is no correlation between altcoin and bitcoin. you cannot compare them 100% most of the time. If the bitcoin is UP chances are some altcoin is up also but many alts will also go down. and there are times that bitcoin is going down but altcoin is on bullish and in upward momentum.
All altcoin and token go down in last times! I don't known but nothing only grown up! This year! All coin and token will grown up!
I dont got this game..
when bitcoin is rising the alts are going down
when btc is going down the alts still going down
what the fuck??
This make no sense
alts need to follow bitcoin when he is rising too
when bitcoin is rising the alts are going down
when btc is going down the alts still going down
what the fuck??
This make no sense
alts need to follow bitcoin when he is rising too
Not always like that, even altcoin follow bitcoin but situation is not like that. When bitcoin go up, every one will exchange/ replace their altcoin into bitcoin for higher value. In this situation, altcoin supply and demand not balance again, more supply with small demand make altcoin price go down. We have to prepare when situation like this happen, specially in long time. Don't forget your stop loss or you can raise patience learning.
Not all alts are going down. IoT Chain (ITC) has been doing great this past week. Holding steady.
https://coinmarketcap.com/currencies/iot-chain/
https://coinmarketcap.com/currencies/iot-chain/
Currently, I agree that most of altcoins were now on downward trend and I think it will only be temporary. Just don't immediately panic and sell your coins this time as this will recover soon. Will just hope for another spike in BTC such that the price value of Altcoins will follow and this is what usually happen. BTC is now at it's stable value at 10.2K USD and since there is no major movement in the price, probably this has an impact on the altcoins.
I dont got this game..
when bitcoin is rising the alts are going down
when btc is going down the alts still going down
what the fuck??
This make no sense
alts need to follow bitcoin when he is rising too
when bitcoin is rising the alts are going down
when btc is going down the alts still going down
what the fuck??
This make no sense
alts need to follow bitcoin when he is rising too
Alts only going to be stable or going up just if bitcoin price is stable.
This is normal, when bitcoin down. Some people will panic and want to sell their alts to btc. and they are sell it again to FIAT
When bitcoin going up, some people will panic and want to sell their alts and save it to btc
In that state you dont need to worry and just set the stoploss, you should count your asset to usd if you want to compare
Introduce fiat on the equation and both going down because funds are going to fiat is also possible, other option is markets exchanging alts for btc at some stage.
Exactly. You have to take into account the trading pair distribution when taking into account altcoin growth. When swapping between currencies, you are creating a large amount of sell orders which messes up the price of altcoins.
Introduce fiat on the equation and both going down because funds are going to fiat is also possible, other option is markets exchanging alts for btc at some stage.
It is not always the case. Maybe what you are only seeing are the alts you are holding.
Some alts will go up or down whether bitcoin goes up, down or sideways.
Some alts will go up or down whether bitcoin goes up, down or sideways.
if you are looking at the dollar value the price changes if the price of btc is moving.. but if you look on satoshi the value is the same... because all of the altcoins is depend on btc and dollar value in cmc...
The fiat price of alts will depend on the fiat price of major trading pairs. So one of the reasons could be ETH or BTC going down in value for example, even if the alt is still worth the same amount of sats or gwei.
Alts should increase along with the cost of bitcoin. If you are very concerned about the correlation, then just sell the altcoins for bitcoin
I think if your coin is an ERC20 token, it should follow the price of Ethereum because most of the tokens are traded in ETH. Altcoins that are directly traded with bitcoin should be affected by the price change of bitcoin. And if you are just looking at coinmarketcap, that is an incomplete picture since it just shows dollar values based on bitcoin price. You should check individual price of tokens based on satoshi.
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