why is bitcoin increase much more than altcoins? - page 2.

fakegurutu

member

Activity: 406

Merit: 10

Quote from: guneytasyurek on March 01, 2018, 10:10:22 PM

Guys
I just wanted to discuss topic about the price after crash . Before crash bitcoin dominance was 34 percent but now 40 percent . I was thinking as long as bitcoin increase altcoins will rise up as well however it doesnt happened exactly ,when bitcoin falls altcoin falls down moreand more but in opposite doesn't increase as much as bitcoin.

it was because theres a lot of investors investing for bitcoin. They invest a lots of money hoping to have it back doubled or triple or quadruple. Thats why the sudden rise of the value of bitcoin is much more faster than those other altcoins however if bitcoin goes down, most altcoins goes down to due to the fact that these altcoins were dependent to the bitcoin, because bitcoin is the leader of all altcoins and most exchanges needs bitcoin before rhey could become fiat or cryptocurrencies.

Astermony

full member

Activity: 373

Merit: 100

Quote from: haileysantos95 on March 01, 2018, 10:17:21 PM

Quote from: guneytasyurek on March 01, 2018, 10:10:22 PM

Guys
I just wanted to discuss topic about the price after crash . Before crash bitcoin dominance was 34 percent but now 40 percent . I was thinking as long as bitcoin increase altcoins will rise up as well however it doesnt happened exactly ,when bitcoin falls altcoin falls down moreand more but in opposite doesn't increase as much as bitcoin.

Its because bitcoin is much more stable compare to other coins and there are lots of bigtime investor in bitcoin than its competitors. When bitcoin rises up altcoin traders tend to leave or put altcoin on hiatus and focus only on bitcoin thus leaving a small percentage of traders trade altcoin.

You have a point that aside from its stability and a highest value,bitcoin was the greates of all time.This is the first crypto coin and a lot of people make rich because of what bitcoin can do to change our life.

cryptoux

member

Activity: 186

Merit: 10

Bitcoin is more dominant in the market,altcoins are mostly being paired to bitcoin that is why if the bitcoin will be moving that main logic with the people is to get out with the altcoins imemdiately so they can maximize bitcoin's price up ,or if the bitcoin is failing they will prevent big losses when they sold it and buy at the dips.

cryptospear

member

Activity: 210

Merit: 10

Quote from: guneytasyurek on March 01, 2018, 10:10:22 PM

Guys
I just wanted to discuss topic about the price after crash . Before crash bitcoin dominance was 34 percent but now 40 percent . I was thinking as long as bitcoin increase altcoins will rise up as well however it doesnt happened exactly ,when bitcoin falls altcoin falls down moreand more but in opposite doesn't increase as much as bitcoin.

Not exactly like that when the bitcoin has started to move most of the investors are pulling out their money from the altcoins causing the altcoins to bleed,they are doing these to be safe when bitcoin has started to move because when bitcoin's price has move regardless up or downwards the altcoins will bleed,when the bitcoin has gone sideways the altcoins will grow.

imteaz

full member

Activity: 532

Merit: 107

Because Bitcoin is the king of all crypto, and it is the first coin. Many people know about bitcoin via online, tv, newspaper, media etc. And most media pundit mention bitcoin, whenever they talk about crypto, so people got familiar with it, so if they buy any coin it has to be bitcoin.

Kidmat

sr. member

Activity: 774

Merit: 250

Quote from: DAN29 on March 02, 2018, 01:41:09 AM

Because altcoin is just an alternative for bitcoin. Means it has less price than bitcoin. Btc is the first crypto tho.

Btc is the first crypto and it is the most invested by users because of the capabality to grow bigger its value. Once bitcoin rise altcoins follow it might up or down. The demand of bitcoin is bigger than altcoins as this is why prices for bitcoin is increase.

guneytasyurek

newbie

Activity: 178

Merit: 0

Quote from: Herbert2020 on March 02, 2018, 01:21:45 AM

you are asking two different question without knowing it.
one is about bitcoin price rise and another is about what people call dominance by mistake.

regarding price rise you should know that bitcoin rises more and it is a solid rise because it has real usage. it is the biggest coin which has actual "currency usage in real world" and altcoins lack this important factor. and thanks to that bitcoin's adoption increases so its price increases more and has no permanent drops while altcoins get pumped and when they are dumped it is usually a permanent price loss.

regarding what they call "dominance" you should know that it is simply a false factor called market cap. and total market cap was mainly bloated thanks to creation of hundreds of altcoins and tokens in the past couple of months and also huge pumps of all coins specially big ones like ripple and ethereum which bloated the total marketcap and decreases the share of bitcoin. these 2 caused the drop to 40% or whatever % you saw and now that they both are going away the % is rising back up again.
in any case it has nothing to do with "dominance".
[/quot
Thanks , as i observe when bitcoin rise all alts rise as well , but in this 2 week bitcoin rise so much alts almost remain same most of them decreased a lot even lower price than big crash.

DAN29

newbie

Activity: 53

Merit: 0

Because altcoin is just an alternative for bitcoin. Means it has less price than bitcoin. Btc is the first crypto tho.

Thyaga

sr. member

Activity: 644

Merit: 250

because bitcoin is created altcoin so altcoins value bitcoin with their price will not match or pass through it.

iljamlnk

jr. member

Activity: 406

Merit: 3

A logical question! At all in the head Bitkoin is represented as a locomotive, and altkoins are wagons. If the engine accelerates, everything else should automatically accelerate. But it is not always the case.

ropyu1978

hero member

Activity: 1904

Merit: 510

that's obvious. bitcoin is the first crypto that no one can manage it compared to the altcoin owned by the company or developer.
the main factor why bitcoin is the most viral and most important of all crypto, bitcoin is always owned by most investors. because bitcoin is a major tool in investment, trade and mining.

mariayaz

jr. member

Activity: 294

Merit: 3

Its not rising its just settling down. It will take some time for crypto currencies to get stable, most probably mid of this year alt coins will start pumping.

surfinonmyownwavebaby

full member

Activity: 252

Merit: 104

Decentralized Ecosystem for User-Generated Content

I don't know why, all I am concerned with is that the market is green and alts are having a good time. If I had to say though, I would guess that all the fud from the countries is gone and all that remains is bullish sentiment and bullish fundamentals giving rise to bullish price action.

iLatios

full member

Activity: 327

Merit: 101

As I see, Bitcoin is growing all the time. The price can be low or high, but finally it be profitable to hold it.
Other tokens may grow even faster than Bitcoin. But if its price falls down, altcoins struggle with it too.

Mrs Troll

full member

Activity: 322

Merit: 102

When bitcoin rise from the deep only fresh coins with huge potential follow him. Check tokens like Elastos or Aion - they will rise too and don't dump too much due strong expectations about this projects. But we still didn't see normal rise of BTC.

yugyug

sr. member

Activity: 616

Merit: 256

In any form of cryptocurrency trading Bitcoin is the benchmark of all coins and it is the top pairs to trade in any cois too like eth-btc , ltc-btc. xrp-btc, that's why it is still dominating in the cryptomarket. Besides may enterprise are adapting the bitcoin transactions.

Herbert2020

legendary

Activity: 1946

Merit: 1137

you are asking two different question without knowing it.
one is about bitcoin price rise and another is about what people call dominance by mistake.

regarding price rise you should know that bitcoin rises more and it is a solid rise because it has real usage. it is the biggest coin which has actual "currency usage in real world" and altcoins lack this important factor. and thanks to that bitcoin's adoption increases so its price increases more and has no permanent drops while altcoins get pumped and when they are dumped it is usually a permanent price loss.

regarding what they call "dominance" you should know that it is simply a false factor called market cap. and total market cap was mainly bloated thanks to creation of hundreds of altcoins and tokens in the past couple of months and also huge pumps of all coins specially big ones like ripple and ethereum which bloated the total marketcap and decreases the share of bitcoin. these 2 caused the drop to 40% or whatever % you saw and now that they both are going away the % is rising back up again.
in any case it has nothing to do with "dominance".

boboking

member

Activity: 224

Merit: 19

Logically people who trades a lot will sell all their altcoins to purchase more bitcoin this is one of the reason why altcoins are not rising or sometimes falling when Bitcoin price is rising.

For the question why Bitcoin price rise faster than Altcoins, if you are a trader and market is unstable will you bet on an unproven coin. Me personally no I would rather buy a stable coin like Bitcoin or Ethereum before purchasing altcoins and I think traders actually are doing the same.

As a trader we have a saying that the trend is your friend and we will follow the bitcoin trend first before anything else.

Grim149x

full member

Activity: 854

Merit: 100

Because it is the king of crypto.

The thing is that when most people think of crypto, the first thing that comes to their mind is bitcoin.

And I follow famous traders and they say that it's not about the fiat, it's about the bitcoin satoshi's. Meaning, they don't care about the current fiat value, but just increasing the number of BTC's they have.

guneytasyurek

newbie

Activity: 178

Merit: 0

That is why i m afraid , during rising of bitcoing alts arent increase but during crash most affected ones become altcoin. I cant understand the logic exactly

Topic: why is bitcoin increase much more than altcoins? - page 2. (Read 176 times)