Why Alts Follows Bitcoin's Fall? - page 2.

EQIFI

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Quote from: CryptoArena_Official on March 20, 2022, 06:48:08 AM

Quote from: Yacht_X_Coin on March 08, 2022, 06:51:02 AM

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 price of altcoins depend too much from the conditions of cryptocurrency market and how useful altcoin is and in demand in it.
The demand in nature protection is very high that is why the projects which helps to protect nature are useful and in demand.

Now many people thing that cryptocurrency market started to restore.
Many people use bitcoin for investment purposes. That is why the demand in Bitcoin growth.
Many other altcoins follow the bitcoin price. That is why cryptocurrency market rise after Bitcoin.

CryptoArena_Official

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Quote from: cryptoserega on March 19, 2022, 01:54:38 PM

Quote from: Yacht_X_Coin on March 08, 2022, 06:51:02 AM

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

Many people thing that the price of cryptocurrency will rise because the adoption of cryptocurrency rise.
The more people use cryptocurrency the higher is demand in it.

The price of altcoins depend too much from the conditions of cryptocurrency market and how useful altcoin is and in demand in it.
The demand in nature protection is very high that is why the projects which helps to protect nature are useful and in demand.

cryptoserega

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Quote from: Yacht_X_Coin on March 08, 2022, 06:51:02 AM

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 all atcoins follow the bitcoin fall because all cryptocurrency market falls.
But many people continue to believe that soon cryptocurrency market will rise.
Also many experts predict that cryptocurrency market will rise.

Many people thing that the price of cryptocurrency will rise because the adoption of cryptocurrency rise.
The more people use cryptocurrency the higher is demand in it.

Silberman

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Quote from: Joyawan13 on March 15, 2022, 10:03:38 AM

Quote from: Chipard on March 07, 2022, 12:57:23 AM

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?

that's the great thing about bitcoin which can move the price up and down the price of other altcoins, but not all altcoins follow the up/down price of bitcoin, sometimes when bitcoin lowers the price there are altcoins that will increase the price, so don't be surprised for example bitcoin price movements are followed by many other altcoins .

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.

Hypnosis00

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Quote from: Chipard on March 07, 2022, 12:57:23 AM

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?

Well, I guess not all the time, not all altcoins then follow the trend but some do the opposite.

https://www.coindesk.com/markets/2022/03/10/market-wrap-bitcoin-stuck-below-40k-altcoins-see-less-selling-pressure/

I figure this new sentiment in the market and some altcoins are moving in the opposite direction. And this is because not all projects are relying on Bitcoin and not all investors also had focusing on Bitcoin alone.

In some cases, some investors diversify their portfolio into altcoins once Bitcoin prices fall making altcoins spike.

isaac_clarke22

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Quote from: Joyawan13 on March 15, 2022, 10:03:38 AM

~

Most of it still follow though. Imagine in the perspective of crypto investors that are primarily into Bitcoin and then trying to put "the other eggs into the other basket". If the eggs start to rot in the first basket, the investors will likely take out the other eggs in the other basket. I don't think they are going to let it just slide into their own thoughts that kind of scenario.
This is the best analogy I can come up with lol.

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Quote from: justdimin on March 16, 2022, 05:44:02 AM

Quote from: stepwilli on March 14, 2022, 12:48:36 PM

Bitcoin will always have that kind of influence in the market, there is no way we could ever stop bitcoin to have that kind of influence. It is king of cryptocurrencies and it will stay like that as long as it is covering most of the market all by itself. I mean we are talking about reaching 60%+ domination at one point, it is lower right now of course but aside from only like handful of coins, rest of the pack could combined not be worth as much as bitcoin.

It is where the power for bitcoin comes from and as long as it is like that, I do not think that we would really have anything different at all. Just a situation where things are not really looking good for alts, when bitcoin goes up, that is only difference it could be.

It is true that Bitcoin still is big right now with 42%. Think about it, we are talking about one coin being worth 42% of all marketcaps and that tells you something. ETH got a bit higher and has 17% which is not bad, but even ETH doesn't come close to BTC, we have over 2x difference between them.

People need to realize that when one coin is at the top, and not like just a bit higher than others but literally reach to 40%+ OF ALL the market, you just gotta accept the fact that it is going to be quite difficult to make a change. I personally believe that we should not really be doing something silly and bother the market big enough to hurt bitcoin, because we can't just take alts over bitcoin, that is not possible.

When it comes to dominance then ETH do mostly overtake or in level with bitcoin but that was years ago but it didnt happen happen again but we couldnt really make out some assurances that similar situation wont

happen again in the future but for now then it is really hard to believe that it would be overtaken so easily considering on the extreme support of the community but of course there would be still some chances.

Speaking of price following then it is been typical but there are altcoins which doesnt correlate on bitcoins price.

justdimin

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Quote from: stepwilli on March 14, 2022, 12:48:36 PM

Bitcoin will always have that kind of influence in the market, there is no way we could ever stop bitcoin to have that kind of influence. It is king of cryptocurrencies and it will stay like that as long as it is covering most of the market all by itself. I mean we are talking about reaching 60%+ domination at one point, it is lower right now of course but aside from only like handful of coins, rest of the pack could combined not be worth as much as bitcoin.

It is where the power for bitcoin comes from and as long as it is like that, I do not think that we would really have anything different at all. Just a situation where things are not really looking good for alts, when bitcoin goes up, that is only difference it could be.

It is true that Bitcoin still is big right now with 42%. Think about it, we are talking about one coin being worth 42% of all marketcaps and that tells you something. ETH got a bit higher and has 17% which is not bad, but even ETH doesn't come close to BTC, we have over 2x difference between them.

People need to realize that when one coin is at the top, and not like just a bit higher than others but literally reach to 40%+ OF ALL the market, you just gotta accept the fact that it is going to be quite difficult to make a change. I personally believe that we should not really be doing something silly and bother the market big enough to hurt bitcoin, because we can't just take alts over bitcoin, that is not possible.

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Quote

Now the situation in the world is very unstable. That is why cryptocurrency market is very volatile.
But financial market is very unstable too. In many countries there is a big inflation and people lose their savings.
Stock market also falls.

The Separation Of Money And State
It does highlight an important theme that was very theoretical until this moment – the separation of money and state. We’re all so used to the concept that governments/monarchs issue money – we don’t really ever have to think of it. But in times like these, millions of people are being forced to.
Millions of private citizens and many governments themselves will ultimately come to the conclusion that there’s no obvious reason why governments have to be the sole issuers of money.
That, while state-sponsored money is great for millions of people, private citizens often bear the human cost of their government’s ill-conceived actions, and to mitigate that impact they want their savings in bitcoin or another cryptocurrency.
Millions will come to the conclusion that stateless money is superior to paper money controlled by governments – their own or others.
Bitcoin is stateless money, neutral by design. Bitcoin’s utility is most apparent when it is most needed."

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Quote from: Yacht_X_Coin on March 08, 2022, 06:51:02 AM

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 the situation in the world is very unstable. That is why cryptocurrency market is very volatile.
But financial market is very unstable too. In many countries there is a big inflation and people lose their savings.
Stock market also falls.

Even in the most unstable situation in the world the demand in nature protection will increase, because people with every year pollute nature more and more.
So it is very impotant to evaluate how useful will be coin in the future to evaluate its potential and earn money on investments.

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Quote from: Chipard on March 07, 2022, 12:57:23 AM

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?

that's the great thing about bitcoin which can move the price up and down the price of other altcoins, but not all altcoins follow the up/down price of bitcoin, sometimes when bitcoin lowers the price there are altcoins that will increase the price, so don't be surprised for example bitcoin price movements are followed by many other altcoins .

lenovop-70

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Because Bitcoin is the market leader, and Alts are just complementary market pairs for exchange rates. Bitcoins fluctuate due to demand and supply orders, and Alts fluctuate due to recent issues and developments from the original company, so the two are clearly different in how they make price movements in the market. IMHO

stepwilli

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Quote from: Ziskinberg on March 13, 2022, 08:23:50 AM

Quote from: Chipard on March 07, 2022, 12:57:23 AM

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?

First of all...it is the nature of these altcoins. We can't actually hide the truth that once Bitcoin dumps, the entire market drops as well, and ever since this is what we saw in the market trend. We don't like it for sure as we wanted that these altcoins will stand alone and have a separate view with Bitcoin but just only a fail. we can change this unless people never invest in Bitcoin and if Bitcoin doesn't have the influence in the market. But for as long as the situation remains like that, it certainly will always be going to see.

Bitcoin will always have that kind of influence in the market, there is no way we could ever stop bitcoin to have that kind of influence. It is king of cryptocurrencies and it will stay like that as long as it is covering most of the market all by itself. I mean we are talking about reaching 60%+ domination at one point, it is lower right now of course but aside from only like handful of coins, rest of the pack could combined not be worth as much as bitcoin.

It is where the power for bitcoin comes from and as long as it is like that, I do not think that we would really have anything different at all. Just a situation where things are not really looking good for alts, when bitcoin goes up, that is only difference it could be.

Silberman

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I think because the market capitalization of bitcoin is the largest so it will be clear if the price of bitcoin collapses then the value of ALtcoins also follows because of the correlation, or it can also be said that all altcoins are very dependent on Bitcoin liquidity for market spikes.

For the majority of altcoins bitcoin is the main trading pair, and while USDT and other stable coins are important as a trading pair as well the fact they are stable means that they do not exert too much of an influence on altcoins and their movements, this means that if the price of bitcoin is going down then people lose faith in altcoins as well, which means that altcoins need bitcoin to move upwards so they can do the same, and if bitcoin moves downwards most of the altcoins will move in the same direction as well, as investors are selling their coins so they do not end up holding useless altcoins they will never be able to get rid of.

TheGreatPython

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Quote from: Rocky993 on March 12, 2022, 01:30:58 PM

When BTC dumps, the whole coin market starts dumping altcoin coin price. Because the price of the whole market depends on the value of BTC market movement. Because BTC controls all CoinMarketCap. All altcoin drivers are this BTC.

That is true. Bitcoin always impact the price of other cryptocurrencies we have in the market. Even if these cryptocurrencies have no correlation with bitcoin in price, it still influences their price in one way or the other. when the market starts to dip, there are lots of investors who start to sell their altcoins to invest back into bitcoin, and this in one way or the other affects the price of the altcoins in the market and makes them to start dropping.

Investors views bitcoin as the main cryptocurrency in the market because it is the first cryptocurrency that was created and therefore a lot of people prefer to hold their funds in Bitcoin when the market is falling, than holding it in altcoins.

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bitcoin is the most popular crypto right now and the strongest crypto right now, I think this is the reason why most altcoins follow the bitcoin price movement. in other words most people use bitcoin as a benchmark to know the current situation of the crypto market. After all not all altcoins move in the same direction as bitcoin because some altcoins move in a different direction from bitcoin. an example is Aurora (AOA), if I notice the price movement of AOA is often not in line with bitcoin and sometimes the percentage increase in price or decrease in price is much different.

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^[snip]

I'd consider that Bitcoin has a huge influence on the market and this is the result.

Well the reason was right, just because most altcoins are tied up to bitcoin and most altcoins have a bitcoin pair in the market and when they are selling altcoins while at the moment bitcoin went up they also do the same with bitcoin price movement. So it swings the whole market price because of the bitcoin trader pair and most altcoin has this trading pair. As I said in my previous post, investors need to purchase bitcoin so that they can invest in altcoins or even a new projects.

ninis45

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This has become a market perspective that has been known by many players that bitcoin is one of the barometers of altcoins in the price of rising and falling price trends, I myself reasoned because bitcoin was one of the first centralized technologies that existed and was accepted by the world community while others adopt it and follow the system so it's only natural that altcoins follow bitcoin

batang_bitcoin

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Because bitcoin is the mother of all coin and bitcoin investment holding maximum part of marketcap. Thats the main effect when bitcoin fall marketcap getting low and price fall normally.

It is affecting the market itself of crypto because it is where it all started. Although the volume for the highest isn't from bitcoin but on Tether, it is going on still for bitcoin.

Quote from: ?? on ??

But every time bitcoin dump some altcoin also dump more than bitcoin dump ratio again it also increse more than bitcoin in bull market. Also there is maximum pair of holding in altcoin pair also in bitcoin then if bitcoin price go down then also effect on btc pair and price go down as well!

That's the trend for the market, all of the altcoins whether they are pair or not with bitcoin. When bitcoin has started to dump, all of them will follow the same trend for bitcoin.

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Quote from: Chipard on March 07, 2022, 12:57:23 AM

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?

Well, there is no exact answer to this. In one sentence, people believed that when bitcoin began to pump, altcoin was at a stable point, and when bitcoin was at a stable point, altcoin began to pump, and finally, when bitcoin began to dump, altcoin abruptly made a stable point, and when bitcoin entered a dump stable area, altcoin began to dump brutally. And next it repeats itself again and again. Well, it's a theory. But what I believe is a psychological fact is that what traders use in the market. They chose it for their look when the bitcoin price began to fall because altcoins were stable at the time, and traders took advantage of the opportunity to sell their altcoins and invest in bitcoin.Though bitcoin is already in the dump, altcoins began to fall as sellers began to sell in order to buy bitcoin.'s just my speculation, not because I already told you that there is no exact answer. Thank you.

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