When bitcoin drops in price, altcoins drops in price with it.
When bitcoin rises in price, altcoins rise in price with it.
Why? Because most of the trading pairs are in BTC.
Why do some alts drop less than others? Simply because there's more buying pressure on those coins/tokens, hence they drop less.
Topic: Why low satoshi coin no dump Comparatively from high satoshi coin if dum Bitcoin (Read 114 times)
February 10, 2019, 10:24:32 PM
February 10, 2019, 09:14:28 PM
In my opinion because low sathosi coin has high spread compared high sathosi coin. For example coins that have bid price 4 sathosi and the ask price 5 sathosi, that spread will be 25%. For low sathosi coin is better to trade in pair ETH or USDT so we can get lower spread.
January 11, 2019, 06:11:03 AM
Questions is, Why low satoshi coin no dump Comparatively from high satoshi coin if dum Bitcoin?
On current market conditions we can that if Bitcoin drop price suddenly then almost altcoin start dumping. But in my observation low satoshi coins are not dumping suddenly like high satoshi coin if you compare on percentage.
I would like to hear from experienced traders. Although I have my own opinions about it and I will describe below. But I would love to hear from you also what is real reason. Thread is self moderated due to avoid spam.
My opinions are below:
For example during last BTC dump on yesterday. We can see BCHABC dropped more then 30% approximately. But if you look on low satoshi coin like OCN has never drop like that. I think it just drop 5 to 10% and playing around that area. You can look into especially those coin below 100 satsho they are just playing on 5 to 10% drop.
Main reason is once BTC dump suddenly then people's become panic and they thought market will red and start selling altcoin. Those are hold high satoshi coin they start sell due to avoid big loss and more people's become panic. In a result first peopels start sell on like 5% loss. Then next panic people's see that price dumping they start sell on 10% loss and repeating same thing. So high price coin dump very faster due to increase sell bit.
Low coin holder think if I sell below 5 satoshi from buy rate then almost 5 to 10% will be loss. So they sell slowly and most of that think to hold. That's why no one want to sell on much loss. So decrease sell bit on exchange. In a result low satoshi coin drop very slowly if you compare with high satoshi coin.
Let me know your opinion, may be my thought is wrong.
On current market conditions we can that if Bitcoin drop price suddenly then almost altcoin start dumping. But in my observation low satoshi coins are not dumping suddenly like high satoshi coin if you compare on percentage.
I would like to hear from experienced traders. Although I have my own opinions about it and I will describe below. But I would love to hear from you also what is real reason. Thread is self moderated due to avoid spam.
My opinions are below:
For example during last BTC dump on yesterday. We can see BCHABC dropped more then 30% approximately. But if you look on low satoshi coin like OCN has never drop like that. I think it just drop 5 to 10% and playing around that area. You can look into especially those coin below 100 satsho they are just playing on 5 to 10% drop.
Main reason is once BTC dump suddenly then people's become panic and they thought market will red and start selling altcoin. Those are hold high satoshi coin they start sell due to avoid big loss and more people's become panic. In a result first peopels start sell on like 5% loss. Then next panic people's see that price dumping they start sell on 10% loss and repeating same thing. So high price coin dump very faster due to increase sell bit.
Low coin holder think if I sell below 5 satoshi from buy rate then almost 5 to 10% will be loss. So they sell slowly and most of that think to hold. That's why no one want to sell on much loss. So decrease sell bit on exchange. In a result low satoshi coin drop very slowly if you compare with high satoshi coin.
Let me know your opinion, may be my thought is wrong.
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