Because they are just following the same pattern on the price, also, there are a lot of emotions on the market and that is the reason of why the price is always moving with bitcoin
Topic: Why do altcoins follow bitcoin? - page 11. (Read 1294 times)
Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?
definetly many people or bitcoiners observe this following situation that why should altcoins follow into bitcoin if theres things happen occur's like if bitcoin dump all altcoins also turns to down ,and if the bitcoin will grow its price value into the market all altcoins value will be carried away,therefore i conclude in my mind that bitcoin is the mainstream of all resources in cryptocurrency,so therefore anything happen in bitcoin,its would affect the whole scenario of crypto world.
because bitcoin prices are so important from altcoin price movements, when bitcoin prices rise then altcoin prices will also rise when bitcoin prices go down then altcoin will also fall, altcoin will not dare to try to raise altcoin prices when bitcoin drops in price.
But can't head more powerful latest result is confusions very easily so if you follow bitcoin then you will be very he said to first bus problems came like the kind that's why I am saying .
because bitcoin prices are so important from altcoin price movements, when bitcoin prices rise then altcoin prices will also rise when bitcoin prices go down then altcoin will also fall, altcoin will not dare to try to raise altcoin prices when bitcoin drops in price.
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I have been observing this same trend and asking myself same question. But see what I think.
At present, everything relating to cryptocurrency and blockchian is tied to bitcoin. Therefore what affects bitcoin will definitely affect other coins.
Like it or not, there is still FUD in everyone in this space. And since bitcoin is the rallying point, any drop or rise in bitcoin sends signals to other coins.
I Also observed that the investors of bitcoin and alt coins are the same persons. Everyone holding altcoin most likely holds bitcoin too. So any impression about bitcoin is almost instantly transferred to other coins.
At present, everything relating to cryptocurrency and blockchian is tied to bitcoin. Therefore what affects bitcoin will definitely affect other coins.
Like it or not, there is still FUD in everyone in this space. And since bitcoin is the rallying point, any drop or rise in bitcoin sends signals to other coins.
I Also observed that the investors of bitcoin and alt coins are the same persons. Everyone holding altcoin most likely holds bitcoin too. So any impression about bitcoin is almost instantly transferred to other coins.
Yes, people who hold various cryptocurrencies like to sell them all when Bitcoin enters bear market and bus altcoins with profit from trading Bitcoin in its bull market.
I've done this a couple times myself. When I got some profits from Bitcoin trading I bought more altcoins and when Bitcoin started to go down i sold my altcoins expecting them to follow Bitcoin and go down.
because it has always been a pattern in here and it is almost impossible to change that, so just forget about the idea to see altcois not following bitcoin's price
I have been observing this same trend and asking myself same question. But see what I think.
At present, everything relating to cryptocurrency and blockchian is tied to bitcoin. Therefore what affects bitcoin will definitely affect other coins.
Like it or not, there is still FUD in everyone in this space. And since bitcoin is the rallying point, any drop or rise in bitcoin sends signals to other coins.
I Also observed that the investors of bitcoin and alt coins are the same persons. Everyone holding altcoin most likely holds bitcoin too. So any impression about bitcoin is almost instantly transferred to other coins.
At present, everything relating to cryptocurrency and blockchian is tied to bitcoin. Therefore what affects bitcoin will definitely affect other coins.
Like it or not, there is still FUD in everyone in this space. And since bitcoin is the rallying point, any drop or rise in bitcoin sends signals to other coins.
I Also observed that the investors of bitcoin and alt coins are the same persons. Everyone holding altcoin most likely holds bitcoin too. So any impression about bitcoin is almost instantly transferred to other coins.
Bitcoin is like the leader in a flock of sheep, if leader goes down from hill, they will follow but sometimes markets act different, you should examine the movement of alts.
Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?
Because bitcoin is still King.
Traders usually exit altcoins when bitcoin goes down hard because they plan to buy sell at the highest possible price then buy back at a lower price to increase their holdings. That's just the best reason I can think of.
It's simple, the father of crypto should be followed. The same as when you are still a child you need to follow orders from your dad. Don't be so sure that all alts do, some are against it even just a tiny little bit of difference.
The simple fact is that BTC is a long-standing penny in the market, and they decide the fate of other coins, once the BTC falls, will affect some other altcoins, most of the investors. On the altcoin they always converted to BTC or ETH to switch to fiat so when the BTC fell they also lost confidence in the other altcoin, so the price of the altcoin fell. 
Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?
Because bitcoin is still King.
Traders usually exit altcoins when bitcoin goes down hard because they plan to buy sell at the highest possible price then buy back at a lower price to increase their holdings. That's just the best reason I can think of.
In my opinion only popular altcoin that follow price of Bitcoin , this is because the market cap each coin down the same times. Some altcoin that has low marketcap and has strong community has different price movement, they bullish when BTC bearish, this is because the market cap of that altcoin growing.
Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?
You are right in your observation but there are some altcoins that does not follow BTC. MTC and LOC are among them you can check their record in the market. Why every altcoin follow BTC because bitcoin is the king of market and very first crypto currency so it should have some effect on the market. Otherwise who will know that BTC is the king
In my opinion,altcoins does not follow bitcoin. The emotion of human follow the price of Bitcoin. They do not have enough knowledge about altcoin value. They just sell and hold based on the trend of Bitcoin
In observing the market prices, you may feel and think that bitcoin is literally following bitcoin as in when the market price of bitcoin is low, the altcoin prices are also low. This shouldn't be your way of thinking because altcoin is never going to go along with bitcoin. You see, all coins have their own prices and they are all volatile in nature. The fluctuations in their prices are primarily caused by buying and selling or in other words trading, and also because of investing. At times like this when bitcoin is on dump, other people are selling their altcoins because they think that bitcoin will affect it, in other words naive traders go panic selling. 
With Lightning coming up and scaling solutions that allow smart contracts Bitcoin could still be the best lobg term option, it is not going away and bounce back very hard. Never bet against Bitcoin.
It's simple, the father of crypto should be followed. The same as when you are still a child you need to follow orders from your dad. Don't be so sure that all alts do, some are against it even just a tiny little bit of difference.
It is logical that the rise and fall of bitcoin prices are caused by demand, and in my opinion it may be great this is a game of whales who want to profit themselves.
Yes I am sure appreciated that if your a currencyis more powerful in the centre of our problems and confusion then following is here I think while you are in new to this world there is nothing will be wrong with following the Bitcoin because it is the leader of all of the cryptocurrencies
In my opinion, the majority of cryptocurrencies (like, Ethereum, Ripple, Cardano..) are the followers of Bitcoin in every development (pump, dump), that's why when there is a big decrease in the price of Btc, then most of cryptocurrencies will fall too. So there is a relation Between the king and the other coins. Furthermore, I think there are two categories on the market.
First category: (buying + selling) Bitcoin.
Second category: (buying + selling) cryptocurrencies.
So there is a balance in the market.
First category: (buying + selling) Bitcoin.
Second category: (buying + selling) cryptocurrencies.
So there is a balance in the market.
In my opinion,altcoins does not follow bitcoin. The emotion of human follow the price of Bitcoin. They do not have enough knowledge about altcoin value. They just sell and hold based on the trend of Bitcoin
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