Topic: Why Alts Follows Bitcoin's Fall? (Read 770 times)
See Bitcoin is the king of the industry. And Altcoin has its own boys. So it is a common thing that his sons will walk just as the king will walk. This is simple. That's how the whole crypto industry comes into being. So there is no doubt that when Bitcoin comes down, so does Altcoin. But when Bitcoin goes up, Altcoin will come up again, because Bitcoin is the king and people's trust in it is the highest while altcoin has a bit of a flaw.
Based on Volume that bitcoin is the Crypto that has the highest market cap, and the Phase of the market is completely dependent on the movement of BTC in my opinion. not even many traders make their trades if the Bitcoin price doesn't go up, let alone the BItcoin price goes down. That's why I think there will be a big movement in Altcoins if the Bitcoin price is also getting better.
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Bitcoin is known as the mother coin of all coins which is connected to crypto currency. This is one explaining says the importance of this coin in cryptocurrency, So when the price of Bitcoin goes down all altcoins go down.
BTC is the first cryptocurrency creation and coin leader in the market such as the first seniority project, 1st trading volume, and 1st capitalization.
There are several reasons that altcoins price is up and down like BTC.
1. Traders pay attention to the market price of coin leader
2. Coin leader is a favorite investment with altcoins projects.
3. There is a very minimal altcoins project and got less influence from BTC caused some certain circumstances.
There are several reasons that altcoins price is up and down like BTC.
1. Traders pay attention to the market price of coin leader
2. Coin leader is a favorite investment with altcoins projects.
3. There is a very minimal altcoins project and got less influence from BTC caused some certain circumstances.
Bitcoin is a lot bigger than all the other coins, we are talking about like hundreds even thousands of coins combined, at one point it was bigger than ALL the other coins combined. Which means that the money that goes into crypto, first hits bitcoin because that is what people prefer over any other coin. This should be enough reason to make it go up.
Secondly, leverage is mainly done with bitcoin and usdt, doesn't mean that there aren't others but that is the biggest one out there. Which results with it getting a lot more and more investment as well. This all results with bitcoin deciding where the price of the crypto market will be going.
Secondly, leverage is mainly done with bitcoin and usdt, doesn't mean that there aren't others but that is the biggest one out there. Which results with it getting a lot more and more investment as well. This all results with bitcoin deciding where the price of the crypto market will be going.
The price of altcoins depends to much on the price of Bitcoin. When bitcoin falls all altcoins falls too.
But a lot of depends how useful is the coin and about it demand in future.
Thanks blockchain it is possible to invest money in nature protection like this https://twitter.com/ClimeToken/status/1498942071658405888
When cryptocurrency market rise a lot of people pay attention to cryptocurrency and support it. That is why it is much more simple to realize all planned ideas including nature protection.
Growth of the cryptocurrency market attracts many attention of users. Cryptocurrency offers many opportunities to earn money and many people use these opportunities.
This is indeed commonly seen every year, and we must know that bitcoin is the king of all coins and it would be very natural for altcoins to follow the flow of bitcoin, but this year the movement of altcoins is very slow even though bitcoin is experiencing a very large increase but some altcoins still have not moved to the highest value as we expected, There are even some altcoins that have gone down and no longer increased until finally there is no value anymore.
The price of altcoins depends to much on the price of Bitcoin. When bitcoin falls all altcoins falls too.
But a lot of depends how useful is the coin and about it demand in future.
Thanks blockchain it is possible to invest money in nature protection like this https://twitter.com/ClimeToken/status/1498942071658405888
The demand in nature protection is very big. With every year the nature polluted more and more. It is good that there are new projects that inform about nature problems and unite people to solve such problem.
When cryptocurrency market rise a lot of people pay attention to cryptocurrency and support it. That is why it is much more simple to realize all planned ideas including nature protection.
The price of altcoins depends to much on the price of Bitcoin. When bitcoin falls all altcoins falls too.
But a lot of depends how useful is the coin and about it demand in future.
Thanks blockchain it is possible to invest money in nature protection like this https://twitter.com/ClimeToken/status/1498942071658405888
It is very important to protect nature. Blockchain technology helps to unite people to solve common problems all together that is why blockchain technology so popular and in demand.
The demand in nature protection is very big. With every year the nature polluted more and more. It is good that there are new projects that inform about nature problems and unite people to solve such problem.
All altcoins are all dependent on Bitcoin liquidity to move ahead. Remember that Bitcoin is the foundation of the crypto world and every other coins are built on the blockchain which constitute the reaction of other crypto currencies. Although I might be giving a weak reason but I think there is more to why all coins fluctuate along the fall and rise of Bitcoin.
When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?
It is called correlation, whenever the BTC price goes down the whole market dumps. The humans keep connecting the market fluctuations, especially on top financial tools and draw some lines on charts to predict the future potential of the trend. If the trend is down, altcoins keep losing value % in the long term. In case of BTC price loses 20% value, expect min 30% less performance by altcoin traders who gonna dump it. Watch tradingview charts and let us know what you see if you can find correlations on charts.
When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?
It is called correlation, whenever the BTC price goes down the whole market dumps. The humans keep connecting the market fluctuations, especially on top financial tools and draw some lines on charts to predict the future potential of the trend. If the trend is down, altcoins keep losing value % in the long term. In case of BTC price loses 20% value, expect min 30% less performance by altcoin traders who gonna dump it. Watch tradingview charts and let us know what you see if you can find correlations on charts. When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?
This has been for long now and many Investors had asked this same question over and over again. All altcoins are all dependent on Bitcoin liquidity to move ahead. Remember that Bitcoin is the foundation of the crypto world and every other coins are built on the blockchain which constitute the reaction of other crypto currencies. Although I might be giving a weak reason but I think there is more to why all coins fluctuate along the fall and rise of Bitcoin.
It is undeniable that Bitcoin dominates the crypto market, which is why the price of Altcoins also follows the price of Bitcoin. most investors make Bitcoin their main investment and then invest in Altcoins. That's why Bitcoin always dominates the crypto market because it is in high demand and has good prospects too. actually, not all ALtcoins follow Bitcoin, there are some coins that can survive and rise when bitcoin is even going down but it can be said that it rarely happens and you really have to be smart in choosing it. so follow the crypto market and manage crypto assets as well as possible so that they can be profitable in the future.
The price of altcoins depends to much on the price of Bitcoin. When bitcoin falls all altcoins falls too.
But a lot of depends how useful is the coin and about it demand in future.
Thanks blockchain it is possible to invest money in nature protection like this https://twitter.com/ClimeToken/status/1498942071658405888
The adoption of cryptocurrency grows. Now many people use cryptocurrency for investment purposes because inflation in many countries is very big and they do not trust fiat.
It is very important to protect nature. Blockchain technology helps to unite people to solve common problems all together that is why blockchain technology so popular and in demand.
It's about the herd mentality and liquidity that draws the reaction seen from altcoins after bitcoin makes its move.
Afaik what happens most of the time is, if bitcoin falls the likelihood of altcoins doing the same is almost 95% because altcoins react second after the big move and herd mentality kicks in because everyone anticipate a similar move which means most will follow this trend of pumping or dumping or if you like buying or selling.
Afaik what happens most of the time is, if bitcoin falls the likelihood of altcoins doing the same is almost 95% because altcoins react second after the big move and herd mentality kicks in because everyone anticipate a similar move which means most will follow this trend of pumping or dumping or if you like buying or selling.
The price of altcoins depends to much on the price of Bitcoin. When bitcoin falls all altcoins falls too.
But a lot of depends how useful is the coin and about it demand in future.
Thanks blockchain it is possible to invest money in nature protection like this https://twitter.com/ClimeToken/status/1498942071658405888
It is necessary to be very patient to earn money on cryptocurrency market. After the fall of the market will be a growth.
But during the fall of the market it is a good time to buy tokens for the best price to have the maximum profit from investment.
The adoption of cryptocurrency grows. Now many people use cryptocurrency for investment purposes because inflation in many countries is very big and they do not trust fiat.
The price of altcoins depends to much on the price of Bitcoin. When bitcoin falls all altcoins falls too.
But a lot of depends how useful is the coin and about it demand in future.
Thanks blockchain it is possible to invest money in nature protection like this https://twitter.com/ClimeToken/status/1498942071658405888
Now many people think that cryptocurrency market will continue to rise. They hope that rise will be soon and buy cryptocurrency for investment purposes just to hold it.
The economic situation in the world is unstable and the adoption of bitcoin increase. After bitcoin increase the popularity and demand in other altcoins.
The price of altcoins depends to much on the price of Bitcoin. When bitcoin falls all altcoins falls too.
But a lot of depends how useful is the coin and about it demand in future.
Thanks blockchain it is possible to invest money in nature protection like this https://twitter.com/ClimeToken/status/1498942071658405888
Cryptocurrency market continue to be volatile and it is very unpredictable.
People are waiting for the growth of cryptocurrency market but it is necessary to wait.
It is necessary to be very patient to earn money on cryptocurrency market. After the fall of the market will be a growth.
But during the fall of the market it is a good time to buy tokens for the best price to have the maximum profit from investment.
There is a concept called correlation that let us see more clearly if two assets move on average in the same way even if there are moments in which they move differently, some time ago I took the time to do this experiment and with a correlation of 1 meaning that the assets are moving exactly the same way, -1 which tell us they move in the opposite way and zero which means they move independently from each other, altcoins have a correlation of 0.9, which tell us their movements are heavy correlated to the way bitcoin moves.
It is cool to learn that there was also a test done for this. I am assuming that the 0.1 loss was due to some of the coins having some issues which resulted with them going down. Aside from that I am pretty sure that unless something unexpected happens, the movements are nearly the same.I know that it will not be simple, I know that it will take time but I also know that it is a great deal that we should all be looking for most of the time. Obviously it is not going to be 100% exactly the same move, the amount it goes up and down could be different, while bitcoin goes down 5%, ETH may go down 8% and bnb may go down 3%, or same when its going up, but the direction will be the same and seeing a confirmation done in experiment is great to know.
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