Topic: Why does Bitcoin first grow on the exchange, and then other coins grow? (Read 169 times)
August 15, 2018, 12:20:35 AM
Bitcoin grows just to facilitate trade cause bitcoin is the mother of all coins and as bitcoin rises so other coin. Bitcoin is synonymous with crytocurrency. Majority of the investors in cryptocurrency use bitcoin as an indicator of what happens in cryptocurrency world. And this will continue as least for the next couple of years.
February 17, 2018, 04:20:44 AM
This is a common observation and this cycles repeats every 3 months or so. BTC rises and stabilizes, Old Alts get cheaper. People buy favorite old alts like Lisk, EOS, Stratis. Then a new wave of people come in and get scammed by pump groups to buy the cheap ones which rise in value too. They then get dumped over and confidence falls leading to the dips. Cycle repeats.
Bitcoin is the easiest to directly buy with Fiat by new customers. Even those who keep their fiat as USDT(Tether) on exchanges refill their BTC first whenever their are positive signals. It is clear to everyone that bitcoin is the only solid bet while the others are mostly good for speculative, short-term earnings.
So everybody tops up bitcoin raising the price of BTC. Then when it looks like the market has stabilized sufficiently, people want to catch onto the next Alt with "potential" and trade their BTC for it.
Hardly any fiat enters alts through exchanges.
This too is a good reason that why alts start pumping after BTC. Because all alts drop in BTC value on exchanges. When it stabilizes, people want to get more of their favorite alts which are now cheaper because of BTC rise.
I noticed that as bitcoinBTC grows, other coins lag behind by 15-30%, and then catch up, why they do not grow at the same time?
Bitcoin is the easiest to directly buy with Fiat by new customers. Even those who keep their fiat as USDT(Tether) on exchanges refill their BTC first whenever their are positive signals. It is clear to everyone that bitcoin is the only solid bet while the others are mostly good for speculative, short-term earnings.
So everybody tops up bitcoin raising the price of BTC. Then when it looks like the market has stabilized sufficiently, people want to catch onto the next Alt with "potential" and trade their BTC for it.
Hardly any fiat enters alts through exchanges.
Due to high price of Bitcoin overall, they can invest a lot in lower coins that also contains the potential for its price to rise up. N
This too is a good reason that why alts start pumping after BTC. Because all alts drop in BTC value on exchanges. When it stabilizes, people want to get more of their favorite alts which are now cheaper because of BTC rise.
February 17, 2018, 04:11:58 AM
Bitcoin is like marks man in a platoon in the military parlance. Bitcoin is synonymous with crytocurrency. Majority of the investors in cryptocurrency use bitcoin as an indicator of what happens in cryptocurrency world. And this will continue as least for the next couple of years.
February 17, 2018, 04:06:38 AM
Well if you think about it, apart from being the first cryptocurrency ever launched, bitcoin is somewhat like a base coin. If people wants to invest they buy bitcoin first. Before they know other currencies exist they will think bitcoin is the only one until people in their social area will tell them to convert their bitcoins to other cryptocurrencies through trading. So that's why bitcoin always comes first.
February 17, 2018, 02:21:06 AM
I think that there is a significant trend – reducing the impact of bitcoin on other altcoins. Many cryptocurrencies have managed to make themselves a good reputation and cause the trust of many investors. Therefore, next to the old trend, when the falling bitcoin pulled all the other cryptocurrencies, a new one appeared. Now a reduction in the rate of bitcoin many investors temporarily move its capital to other altcoins, thereby keeping their course.
February 16, 2018, 11:02:33 PM
I noticed that as bitcoinBTC grows, other coins lag behind by 15-30%, and then catch up, why they do not grow at the same time?
i don't see it like that.
what happens is that bitcoin rises as it is being adopted more and more. and during this time all or most of the money is in bitcoin market that is why altcoins usually get dumped during this time.
then because bitcoin can not rise forever and every healthy market needs to slow down it opens up some chances for altcoins to get pumped. so some money travels from bitcoin to altcoins to pump them.
but what happens next is that bitcoin keeps its price up and at least have a correction but altcoins get dumped down.
February 16, 2018, 07:59:52 PM
I noticed that as bitcoinBTC grows, other coins lag behind by 15-30%, and then catch up, why they do not grow at the same time?
They will not grow as much as Bitcoin does because there is a shadow of doubt when it comes to alt coins including Ripple.
February 16, 2018, 07:05:33 PM
Bitcoin grows on the bourse just to facilitate trade, and bitcoin is the mother of all coins and what if bitcoin downs can frighten altcoins holders, and as bitcoin rises together altcoins invest in coin through bitcoin, and to this day bitcoin is a coin the best.
February 16, 2018, 06:28:15 PM
It's true that usually the bitcoin grows earlier, I guess it's because when people buy their altcoins they usually pass the first bitcoin purchase to transact.
February 16, 2018, 06:23:56 PM
Because its about supply and demand. The only controller of bitcoin and alts price is only us, the holder.
You just cant decide some alts want grow like btc, someone's money is limited and they wont spent it with no reason
You just cant decide some alts want grow like btc, someone's money is limited and they wont spent it with no reason
February 16, 2018, 05:53:37 PM
I noticed that as bitcoinBTC grows, other coins lag behind by 15-30%, and then catch up, why they do not grow at the same time?
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