Why are altcoins so fragile compared to Bitcoin? - page 2.

cytpoway121

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Quote from: rezaanahviII on February 13, 2020, 05:58:00 PM

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

One of the major reason i believe is the total reliance on Bitcoin, Most altcoins are usually trade paired to btc.
Which is why sometimes, when bitcoin dumps 10%, certain altcoins dump 100%

and even on rare occasions, if bitcoin moon 20%, some altcoins dip 200%, it has to do with the sats of the buy orders too.

Why not try trading and practise with 5$-10$ see what you can do ?

Just my views though, do your own research and have a better understand

mersal

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Quote from: rezaanahviII on February 13, 2020, 05:58:00 PM

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

Because their marketcap value is less compared to bitcoin's value and the number of investors/holders of the altcoin is far less than the bitcoin so if there is a news which makes people to respond then it will get more sooner response than bitcoin.But most of the price movement of altcoins coming from bitcoin's price movement so it all depends on the investor's trust on the coin.

Yamifoud

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Quote from: rezaanahviII on February 13, 2020, 05:58:00 PM

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

I don't know how it becomes fragile but if you would say how it becomes valuable than of altcoins? Maybe it was.

I only stand why it become valuable...it is because it places an important role just like having the best driver of the world...you'll have to pay it high than of casual drivers or having a precious metal(gold)...it was also expensive.

That's the way it looks like and we can't deny that Bitcoin is leading on the market demand because of its considerable market profitability in which everyone's are looking for among the rest cryptocurrency existed.

nicecrypto

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That is why they are called Alternative cryptocurrency because they are not btc, just an alternative to btc,
And if by being fragile you mean in terms of price, alts are only base on speculation without no use, there is a tendency for the price to always fluctuate because nothing to stabilize the price, people buy btc as a store of value unlike alts.

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Quote from: rezaanahviII on February 13, 2020, 05:58:00 PM

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

Irrespective of all you just highlighted in regards to the so called established altcoins, they're still inferior to bitcoin and that's a major disadvantage all altcoins will have forever. Bitcoin is just one therefore the trust level associated with it plus an additional 10 year of been profitable, it must have definitely earned all the trust it's getting.

Altcoins get traded against bitcoin meaning most of them can't stand on their own. Altcoins are mostly bought with the intention of selling at the quickest profit possible therefore when even there's a news that can hinder that plans, the Investors panic and sell off their investment.

sockpuppet1911

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Quote from: rezaanahviII on February 13, 2020, 05:58:00 PM

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

They are "new", bitcoin is so far most tested, most secure and most trusted. If it fails, everything fails as people keep looking the whole cryptocurrency scene value from bitcoin. We always tend to forget it and start to talk about ETH flippening again, not seeing that it has actually been more unstable then bitcoin.

Zicadis

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Dump it!!!

Altcoins have a much lower market cap, but are controlled by relatively few people.

Therefore even a handful of people buying in or selling out can significantly impact the price, which then leads to a ripple effect because of algorithmic trading bots.

BTC is harder to move with its $100b+ market cap.

Marckolind

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Market cycles is the answer to your question. With a high BTC dominance, BTC moves the market a LOT.

In 2017 when the BTC dominance was lower, alt's could move on their own, which will happen eventually again, once BTC breaks it's previous ATH.

A few altcoins did move despite of BTC as of recently, Blocknet from 7000 satoshi to 20000. Most likely due to their work on decentralized oracles.

Mianae

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There's no reason for this volatility but when Bitcoin price either moves up or down, there's bound to be huge action on the price of Altcoins. If Bitcoin price goes up, people sell alts to get Btc but if Btc price dumps, people sell alts to cut their loss and as such the alts keep bleeding.

lienfaye

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Bitcoin has many supporters so even the value is fluctuating and sometimes hits a bottom the price can recover easily due to people who buy and hold bitcoin because they believe on it.

This is not the case for altcoins, some investors are buying to take profit and dump their holdings once they get the chance to do so. While others are selling their alts to buy btc especially if they see the price is surging.

Vishnu.Reang

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Quote from: rezaanahviII on February 13, 2020, 05:58:00 PM

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

Even Bitcoin used to fluctuate a lot. There were times when BTC used to go up or down by as much as 40% in a single day. I am talking about the period before we first hit four digits in 2013. Back then there were less than a dozen exchanges, and the liquidity was limited. Many of the smaller alts are at this stage right now and therefore they have large fluctuations.

Kotone

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Quote from: rezaanahviII on February 13, 2020, 05:58:00 PM

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news?

This is because of the use cases and objective of those platform. Sometime an altcoin becomes a shitcoin if the application of their platform doesnt needed and necessary in blockchain. Many platforms are like this and makes them become valueless.

Quote from: shiming on February 14, 2020, 06:16:04 PM

Nowadays, there are many people who know Bitcoin, and there are many people behind him who support him, and there are fewer and fewer people behind altcoins, and the gap between the two is very large, which will lead to different liquidity, so price fluctuations are often Will be different.

Agreed. The bitcoin popularity becomes an immense progress on technological advancement and many cant argue to this. Why? Because many altcoins have just been imitating the real product and purpose of peer to peer and sometime its redundant to every investors thats why many altcoins are just ignored.

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Quote from: Iyeman on February 25, 2020, 09:26:22 PM

Quote from: Juse14 on February 14, 2020, 06:29:00 PM

The main effect its from bitcoin, the secondly from the project it self based on my speculation. Why? because went the trend market on bitcoin is on bullish/bearish altcoin always got effected for the price keeping down. Altcoin need a stable market condition to make their own fundamental movement price after the bicoin price was moving.

Bitcoin does it but another factor that comes from the global sentiment was also giving a huge impact to drive the price of bitcoin. We can see so many investors have been tried to secure their asset from the global impact. Bitcoin is not getting any bad news but it faces the correction. that's a little bit doesn't make sense.

While the correction is there happening, altcoins still faced several challenges which is more difficult as to compare with btc. If you're having an asset right now, much better to venture first on bitcoin all alone and make altcoins as your alternative secondly. It served as your second options to gain profit in the future. Once bitcoin will achieve the top value, we need to find another way to make sustainable income from it.

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Quote from: Kasabus on February 25, 2020, 07:59:03 PM

Quote from: XCANA on February 25, 2020, 05:23:29 PM

Let me start by saying that, many have invested in altcoins and were disappointed in the process. I particularly invested in series if altcoins backed in 2016 till 2017 and very few of these investment yielded profit to me but others went into the drains. Many have this same experience and never wanted to invest into altcoins but only on Bitcoin. Bitcoin is more secure than the altcoins which most are been controlled by very few individuals called developers. They have all the control over the said altcoins and can go off anytime without investors consideration.

If we invest in altcoins without any research, we will fall just like gambling. We may lose our money in just a second. Altcoins are more volatile and that any bad or good news, they can be easily affected. Although the whole market is affected when negative news hit it, but when it comes to bitcoin it recovers easily and this is why bitcoin is a safe investment compared to altcoins.

Bitcoin is an investment that many people choose to invest because the coin has had a very stable growth over the past time. In addition, altcoins can also be your second choice because these are coins that usually rise very high if good news appears. However, you are not always lucky enough to make a profit from this market and everything requires great patience.

Iyeman

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Quote from: Juse14 on February 14, 2020, 06:29:00 PM

The main effect its from bitcoin, the secondly from the project it self based on my speculation. Why? because went the trend market on bitcoin is on bullish/bearish altcoin always got effected for the price keeping down. Altcoin need a stable market condition to make their own fundamental movement price after the bicoin price was moving.

Bitcoin does it but another factor that comes from the global sentiment was also giving a huge impact to drive the price of bitcoin. We can see so many investors have been tried to secure their asset from the global impact. Bitcoin is not getting any bad news but it faces the correction. that's a little bit doesn't make sense.

Kasabus

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Quote from: XCANA on February 25, 2020, 05:23:29 PM

Let me start by saying that, many have invested in altcoins and were disappointed in the process. I particularly invested in series if altcoins backed in 2016 till 2017 and very few of these investment yielded profit to me but others went into the drains. Many have this same experience and never wanted to invest into altcoins but only on Bitcoin. Bitcoin is more secure than the altcoins which most are been controlled by very few individuals called developers. They have all the control over the said altcoins and can go off anytime without investors consideration.

If we invest in altcoins without any research, we will fall just like gambling. We may lose our money in just a second. Altcoins are more volatile and that any bad or good news, they can be easily affected. Although the whole market is affected when negative news hit it, but when it comes to bitcoin it recovers easily and this is why bitcoin is a safe investment compared to altcoins.

XCANA

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Let me start by saying that, many have invested in altcoins and were disappointed in the process. I particularly invested in series if altcoins backed in 2016 till 2017 and very few of these investment yielded profit to me but others went into the drains. Many have this same experience and never wanted to invest into altcoins but only on Bitcoin. Bitcoin is more secure than the altcoins which most are been controlled by very few individuals called developers. They have all the control over the said altcoins and can go off anytime without investors consideration.

Chuky92

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Quote from: rezaanahviII on February 13, 2020, 05:58:00 PM

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

One of the things in the crypto world is that it is unpredictable when news can affect a market positively or negatively. In the case of altcoins, the volatile nature is high when compared to Bitcoin, in that unfriendly practices or changes from the team can cause the token to drop in value; imagine a good project announcing that it will list on another exchange, of course users will want to buy and hold prior till then but what will happen if it is delayed, there are chances the token will drop in value. In addition, Bitcoin also affects altcoins, in this case when Bitcoin is rising in price most might be forced to sell off their altcoins to Bitcoin which also affect the altcoin in question. So, there are many things which affects altcoins and its price, and they might likely not be avoided.

Ashong Salonga

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Quote from: rezaanahviII on February 13, 2020, 05:58:00 PM

Hi friends:
What is the reason for the large fluctuations of altcoins in your view? Why are altcoins so fragile compared to Bitcoin and fluctuating with the smallest news? Of course, I mean the altcoins that have good ideas, professional support,... not the shitcoins.

I guess it is because there are lots more issues related to Altcoins than Bitcoin which thoroughly affect the whole Altcoin market as a whole. Whenever there is a big news in relation to altcoin the whole market is being affected maybe due to the generalization brought by the recent happenings which involves Altcoins which is I think until right now is still not into good condition to regain the trust of the investors. People do obtain or trust more into Bitcoin undoubtedly because it is well-known to be the safest and the most secure cryptocurrency existing in the market that is people chooses it more over Altcoins. With such reasoning people do have in their minds towards Altcoins, it makes the prices of all Altcoins whether it is good or bad project to be affected on this making the whole Altcoin market to be fragile compared to Bitcoin alone.

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Duelbits

The main effect its from bitcoin, the secondly from the project it self based on my speculation. Why? because went the trend market on bitcoin is on bullish/bearish altcoin always got effected for the price keeping down. Altcoin need a stable market condition to make their own fundamental movement price after the bicoin price was moving.

Topic: Why are altcoins so fragile compared to Bitcoin? - page 2. (Read 533 times)