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Topic: Why Alts Follows Bitcoin's Fall? - page 5. (Read 770 times)

hero member
Activity: 2702
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Leading Crypto Sports Betting & Casino Platform
March 07, 2022, 06:32:42 PM
#29
simply put its just because thats the nature of most of altcoins, the current market always relies with the trend of bitcoin never becoming independent except some of the outliers altcoins that are having their own market movement.
or maybe its just because altcoins are usually behind in terms of trend because the big capital holders are usually holds big amount of BTC and they knew well the current circumstances of our economy almost immediately in every move
thats could be the reason altcoins sometimes lack behind in terms of market movement and just feels like its following bitcoin while in reality its just that their market movement rather lags behind and hugely influenced by the bitcoin market too.
legendary
Activity: 2450
Merit: 1140
duelbits.com
March 07, 2022, 06:22:13 PM
#28
Not all altcoins always follow the Bitcoin price. Stable coins even show the opposite of the Bitcoin price trend. Just look at some stable coins such as USDT, USDC, BUSD, or TUSD, these coins usually increase their values quite significantly whenever the Bitcoin price drops.  Wink

Regarding other types of altcoins, it is normal if they follow Bitcoin since investors feel afraid and prefer to sell their altcoins or convert them to stable coins whenever Bitcoin falls. Bitcoin price falls or rises, sometimes becomes the indicator of the upcoming trend in crypto market. When it rises, it seems to have an uptrend phase for a whole week. While if it drops, it may indicate have a downtrend phase for a whole week. So, the altcoins holders are affected by this factor.
hero member
Activity: 1792
Merit: 507
March 07, 2022, 04:24:23 PM
#27
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?

The answer is very simple, because "King is only one!" Smiley

The true is, that it is a consequence of the fact that years ago only Bitcoin was known on the market. When the bear market for Bitcoin started, all investors thought Bitcoin was dying and is coming the end of cryptocurrencies, so all market follow Bitcoin price. For many years the market has gotten used to it, this become kind of system and also it is just a kind of tradition right now.
Try to look on the current situation we do have as of this moment on which bitcoins price is really decreasing which it is already that too obvious that most altcoins are going on the same direction.
It might not really be that too deep but the entire trend would really be on bearish as of this moment but we know eventually that prices would inevitably recover thats why people should
see dips or correction like this is an opportunity for you to be cheaper coins but it wont really be easy as it sounds yet people would really be minding always about some stuff
like the price might go down even more further.

Therefore, the cryptocurrency market is a speculators paradise. Robots will always be faster than humans, but if someone sees that the trend in Bitcoin price is changing, trader can expect that altcoins prices will also change in a moment.
Of course, this won't always work, but most of the time it should be. This is not normal for other financial markets. When it comes to cryptocurrencies, there is no other explanation than the fact that it is just an investor habit that remains from a time when trading was only FIAT <-> BTC.
legendary
Activity: 3080
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Leading Crypto Sports Betting & Casino Platform
March 07, 2022, 04:20:55 PM
#26
Well simplest reason is that it's oldest and most trusted blockchain. My assumption always was that nr1 in coinmarketcap gets to be the symbol and leading star for other coins. And how that behaves reflects how whole crypto economy is doing. And reason why others fall more is their lower marketcap and lower liquidity. When people panic sell and there's not enough buy limit orders, prices crash fast.
legendary
Activity: 3094
Merit: 1127
March 07, 2022, 04:16:05 PM
#25
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?

The answer is very simple, because "King is only one!" Smiley

The true is, that it is a consequence of the fact that years ago only Bitcoin was known on the market. When the bear market for Bitcoin started, all investors thought Bitcoin was dying and is coming the end of cryptocurrencies, so all market follow Bitcoin price. For many years the market has gotten used to it, this become kind of system and also it is just a kind of tradition right now.
Try to look on the current situation we do have as of this moment on which bitcoins price is really decreasing which it is already that too obvious that most altcoins are going on the same direction.
It might not really be that too deep but the entire trend would really be on bearish as of this moment but we know eventually that prices would inevitably recover thats why people should
see dips or correction like this is an opportunity for you to be cheaper coins but it wont really be easy as it sounds yet people would really be minding always about some stuff
like the price might go down even more further.
hero member
Activity: 2170
Merit: 575
March 07, 2022, 04:11:59 PM
#24

 More than tradition, back in the day there was actually a very legit reason for it. Because when you turned your fiat into crypto, %90+ chance you would turn it into bitcoin. So that meant whenever people bought a crypto, they bought bitcoin, and when they got out they left a neutral ground, bought the same amount with fiat and got out with same amount. Alts were a bit different, you would either go in from bitcoin, or not go in at all but if you were in crypto then you were in bitcoin one way or another. Nowadays you can turn your fiat into many things, without dealing with bitcoin, but that mindset just got stuck.
hero member
Activity: 1792
Merit: 507
March 07, 2022, 03:21:40 PM
#23
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?

The answer is very simple, because "King is only one!" Smiley

The true is, that it is a consequence of the fact that years ago only Bitcoin was known on the market. When the bear market for Bitcoin started, all investors thought Bitcoin was dying and is coming the end of cryptocurrencies, so all market follow Bitcoin price. For many years the market has gotten used to it, this become kind of system and also it is just a kind of tradition right now.
sr. member
Activity: 574
Merit: 250
March 07, 2022, 03:14:20 PM
#22
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?
Most of the time, investors start to invest in Bitcoin and then their choices are different from their experiences. What I mean, you should learn about altcoins also like Bitcoin. Still now the whole cryptocurrency is defended by Bitcoin and Bitcoin prices. Day after day, Bitcoin is getting popular because of its limited supply and vanishing a little every day. You should observe "Litecoin and Bitcoin halving time. Maybe next year Litecoin and next year Bitcoin. Halving is decreasing the supply to increase the demand which demand also helps others cryptocurrency.
legendary
Activity: 2716
Merit: 1383
March 07, 2022, 02:05:56 PM
#21
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?
Because the market cap of bitcoin is huge, it is widely known that the market cap of bitcoin is really high, however those numbers can be deceiving as one coin can be sold for 1 dollar and if it has one million coins as a supply then suddenly it has one million dollars of market cap, which is not true, so the market cap of bitcoin is even higher than what we think, this means that bitcoin has an enormous influence over all the other coins in the market and I do not see this chaining soon at all.
full member
Activity: 1092
Merit: 105
Sugars.zone | DatingFi - Earn for Posting
March 07, 2022, 01:46:41 PM
#20
it will be much easier to explain this way: on any exchange, altcoins are tied to a pair with btc and when bitcoin falls, its pair with this altcoin also falls, this is one of the options.The most important factor is that bitcoin is already as a vector of direction on exchanges, it is falling and everything is falling.
legendary
Activity: 1610
Merit: 1131
March 07, 2022, 01:03:26 PM
#19
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?

You must understand that you are in the crypto space market, and this market is very volatile and the only difference is that Bitcoin owns more than 68% of the total market value and the rest is owned by the alternative currency, so the decline in the price of Bitcoin means that the crypto market is on a downward path.and if Bitcoin rises in value, there are great gains for all alternative currencies!!!
sr. member
Activity: 1722
Merit: 269
March 07, 2022, 12:36:25 PM
#18
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?

Yeah it is still the case that Bitcoin is basically the lead indicator for all crypto currencies, which basically means that, if Bitcoin falls let's say 5% then most of the other coins will also fall at least 5%. Most of them, especially the new and small cap altcoin projects will fall even more than Bitcoin itself. I know what i am talking about because my portfolio consists mainly of small cap altcoins and my porfolio value is down more than 90% compared to it's ATH back in May 2021.
The sad thing for altcoins is also that if Bitcoin rises, the altcoins won't rise immediately too. There is always a longer phase of growth of the big cap coins needed before the smaller ones also start to rise.
hero member
Activity: 2660
Merit: 551
March 07, 2022, 11:28:59 AM
#17
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's pretty obvious, all trading pairs are BTC/X, so when bitcoin goes down, almost all the altcoins goes down with it. And majority of exchanges allow traders to buy their alt coins with bitcoin first and then they do the trade with their fav alt coins.

So there is the correlation, more than 90% of it, but there are alt coins and meme coins, that might follow this because they are obviously being used for pump and dump.
hero member
Activity: 2282
Merit: 505
March 07, 2022, 11:24:07 AM
#16
When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more.
No problem. that's the common thing in the crypto. altcoins will be following the bitcoin. Once bitcoin down and altcoins too. If you have been long in the crypto and you will find if this is just a common thing. The question is whether people can see their portfolios are going to the deep or not. This already known as the main problem that makes people feel panic.
I think that if this will become the main problem for the newbies that didn't know if altcoins are totally peg with bitcoin

Why do altcoins usually follow bitcoin?
It's caused by bitcoin has become the main crypto that used by altcoins to determine its price. Altcoins used bitcoin as pairs in the past until this time.
legendary
Activity: 3080
Merit: 1500
March 07, 2022, 11:08:51 AM
#15
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?

When the king moves, his sidekicks are supposed to move to the same direction. That's exactly what happens in the crypto market as well. Bitcoin is undoubtedly the king of the crypto market and enjoys the first mover advantage. It's the same thing happening for ETH as well for the smart contract capability.

Don't we have better, faster and cheaper coins available in the market. We definitely have a lot better coins but no one was able to beat bitcoin in any way.
legendary
Activity: 3150
Merit: 1069
March 07, 2022, 10:56:52 AM
#14
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?

What if it's the bitcoin following alt fall? Every market are somewhat related and there are of course market sentiments. You can see a similar trend in stocks market where one stock price is no way related to another as all of them are bought and sold by fiat, still when the market sentiment is bearish, most of them goes down and viceversa. In crypto, there is one further reason of being paired with one another. With so much varieties and reasons for market movement, we can no further claim bitcoin leads the whole market either.
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
March 07, 2022, 10:45:25 AM
#13
According to Coinmarketcap bitcoin has 42.3% and Eth ha 17.87 Dominance. Its clearly show that almost half of crypto fund are added in Bitcoin.
Bitcoin generally up and down Because of bad news or Good news. When bitcoin down , other token whales also start selling Because they fee fear that it may fall further due to bad news and market can go further down.
hero member
Activity: 2198
Merit: 607
Leading Crypto Sports Betting & Casino Platform
March 07, 2022, 10:08:38 AM
#12
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?
Market price speculation followed its parent and bitcoin became the main focus of investors' attention to gauge how effective it is to store money in altcoins. If the movement of bitcoin drops, altcoins will immediately go into freefall and can even exceed the percentage decrease in bitcoin. Such is the crypto space, where investors measure bitcoin as the only major coin.
legendary
Activity: 2268
Merit: 1379
Fully Regulated Crypto Casino
March 07, 2022, 09:59:26 AM
#11
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?
Because they are correlatable. This is like an nth time being asked here in forum. You dont only observed but market moves in mysterious ways. Technical analysis really helps in thr matter but there are circumstances that it wont follow and btc just suddenly drop hard or pump hard. Dont be scared volatility is really part of crypto market.
hero member
Activity: 2156
Merit: 531
March 07, 2022, 09:43:53 AM
#10
Well normally there are ALT to BTC pairs, you can exchange altcoins to get bitcoins. If the bitcoin price increases then the price of altcoins that are also connected to the bitcoin market also increases and vice versa mate. When the price of bitcoin go to fall altcoins should also fall, but some altcoin will take advantage of the moment when bitcoin goes fall by increasing the price of their altcoin in bitcoin value, broadly speaking we all need to know this kind of pattern.
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