Why when the BTC goes up the ALT goes down? - page 2.

Yamifoud

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Quote from: mirakal on March 08, 2021, 09:44:36 AM

In most cases it will happen especially in regular market situation, that is because people are investing on the most trusted coin in the market and that is bitcoin.

If you have notice the current bull run, at the start it's bitcoin which is pumping hard while altcoins don't follow right away, the first reaction was a dump as investors are going all in bitcoin but as the market is more bullish, slowly investors are putting their money on altcoins and that's what we are seeing now.

Altcoin pumps after Bitcoin did, but when the market dumps, altcoins do first.

This means that investors are trusting more on Bitcoin and they can afford to hold it longer than these altcoins. And if we can see if there is a spike on altcoins, most of these are just hypes compare to Bitcoin that we know has sustainable market demand.

lobo13hf

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Why? because when the value of bitcoin rises everyone wants to buy it to earn and therefore try to sell their other altcoins so as there is a greater offer on the market, the value drops

There are two possibilities, The first should be what you have saying but in another side there are some people that put fresh money into the altcoins like this time. When bitcoin goes up and altcoin is also going up. that means people didn't wanna throw their altcoins for bitcoin and they wanna put fresh money rather than sold their alts for bitcoin.
There are so many possibilities. I don't even think people will try to exchange their legit alts to the bitcoin.

Fivestar4everMVP

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It's simple, when bitcoin start going up, altcoin holders try to catch some profit so they simply start selling off their altcoins to put the money in bitcoin, which is the reason why bitcoin rises very fast when ever it starts going up and major altcoins begin to drop as hard, and also we all know that bitcoin's dominance raises whenever bitcoin price starts going up, this is also a major factor to the reason my altcoins go down when bitcoin starts going up.
It's as simple as that.

mirakal

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In most cases it will happen especially in regular market situation, that is because people are investing on the most trusted coin in the market and that is bitcoin.

If you have notice the current bull run, at the start it's bitcoin which is pumping hard while altcoins don't follow right away, the first reaction was a dump as investors are going all in bitcoin but as the market is more bullish, slowly investors are putting their money on altcoins and that's what we are seeing now.

JackieAinsley

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Quote from: ray_saeed on March 07, 2021, 04:10:10 AM

Explanation is pretty short.
People are selling their alts because they want to buy more btc during pumps

Not all altcoins goes down when Bitcoin goes up. A lot of depends on altcoin by itself. Altcoin must be useful for people. It is necessary to create demand in altcoin that investors wanted to buy it.

There are ecological projects. Here is written how it is important to protect a nature and what have already been done for nature protection https://moss.earth/blog/.

I think that demand in ecological projects will be big because it is very important to protect a nature.

I checked the price of MCO2 token. It is growing. Some people understands how it is important to protect nature and buy a big volumes of MCO2 tokens. You can check MCO2 token here https://etherscan.io/token/0xfC98e825A2264D890F9a1e68ed50E1526abCcacD

Jaered

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Its easy. Funds are unlimited. What happens is when bitcoin is in a bullish mood, investors sell out their alts to invest in bitcoin, and vice versa. Nobody wants to lose out on a trend

shantos carora

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The problem with Altcoins is the dynamics of the cryptocurrency market today. When Bitcoin rose rapidly, Altcoins fell as capital cycled back to BTC. If BTC goes down, altcoins fall together, putting them in a precarious position.

Basically, the key to the Altseason is the easing of the Bitcoin rally to give the market a chance to grow as that is where aggregate market volume is likely to spread again.

However, December or January 2021 will probably be the Altseason.

A strong sign of the Altseason can also be seen from the ongoing consolidation of the Bitcoin rally in the ETH / BTC pair, where these two cryptos are still the largest in the crypto market so that the sentiment from the technical side can be a strong psychological market reference for the potential Altseason.

nicecrypto

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Quote from: garlonicon on December 23, 2020, 12:35:13 PM

This article explains it well: https://nakamotoinstitute.org/mempool/hyperbitcoinization/

But still, that's not always the case. I am mining some CPU-based coins and there I can see the opposite: the BTC price in fiat increased and CPUchain price in BTC (sic!) goes up. So, it really depends on the market, some alts dropped, but some unexpectedly raised.

I agree with you on this, I have invested a bit heavy on BNB and Bitcoin and I have noticed that BNB moves almost parallel with Bitcoin price whether it is going up or coming down. I think that happen to most alts nut some few like i said, BTC price pull their price as well on either direction.

codpku

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in my newbie level experience in crypto currency when bitcoin goes up and the alt coin goes down it because maybe lot of whale or people that move their money in alt coin to bitcoin some of them maybe fomo and follow the trend and follow the whale move thats my opinion correct me if im wrong

Handsome Boy

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Quote from: Sun2k on December 23, 2020, 12:06:36 PM

Hi all,

I don't understand why when the BTC goes up then the ALT goes down?

Can someone explain me why?

Thank you

because every time the price of BTC goes up and that will make Bitcoin dominance increase too, but of course that will definitely make altcoin dominance decrease, because altcoin dominance moves to Bitcoin dominance, so that's why the price of altcoin will definitely go down, but it is an opportunity for us to invest in altcoin, because there is a possibility for an altseason to happen after that and of course that will give us a lot of profit from investing in altcoin.

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Quote from: Maslate on March 07, 2021, 09:26:34 AM

-snip-
The changes depending on the market demand, investors sometimes focus on Bitcoin which leaves altcoins to have corrections and after a few days, weeks, or a month, they will get back to altcoins gain and the price spikes again. I believe it was a cycle and that doesn't mean that all the time the situation went like this.

It is true that this cycle occurs when the price of bitcoin is pumped strongly enough that altcoin investor are eager to get involved and maximize short opportunities for profit. This may be the reason why the demand for altcoin in the market has decreased so that the price has fallen. However, the altcoin market started to recover after some investor returned to altcoin who seemed to be potentially affected by bitcoin's rise. This is a cycle that occurs repeatedly in the crypto market.

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Quote from: Maslate on March 07, 2021, 09:26:34 AM

Quote from: soenan on March 07, 2021, 09:14:19 AM

In my opinion, the problem with altcoins going down is the current dynamics of the cryptocurrency market. When Bitcoin rose rapidly, Altcoins fell as capital cycled back to BTC. If BTC goes down, altcoins fall together, putting them in a precarious position. So the key for Altcoins to rise is the easing of the Bitcoin rally to give altcoins an opportunity to grow because that is where the market volume will likely spread again so that altcoins can push the price up.

I think it was just a coincidence to see Bitcoin up and altcoins down. Have we seen this happening all the time? Probably, not.

The changes depending on the market demand, investors sometimes focus on Bitcoin which leaves altcoins to have corrections and after a few days, weeks, or a month, they will get back to altcoins gain and the price spikes again. I believe it was a cycle and that doesn't mean that all the time the situation went like this.

This very often happens due to the explosive growth of the price of BTC. In such cases, investors sell their altcoins and buy BTC and thereby further increase the price of bitcoin and reduce the price of altcoins. In cases where the price of bitcoin increases smoothly, the price of altcoins also increases.

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Quote from: Becky666 on March 07, 2021, 08:35:24 AM

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In my opinion, the factor that makes altcoins go down when bitcoin goes up is that altcoin volume goes down because most people want to convert altcoins to bitcoins so that causes bitcoin volume to go up. and market participants will usually sell their altcoins when the price they want has been met

Most of us also do sell our altcoins to bitcoin becasue of the dominance of this coin. What i personally observed from the beginning about this issue of Bitcoin was that, when the value of altcoins increase holders usually sell their coin to bitcoin for possible increase in their stash. I personally hate to hold altcoins more than 2months.

More precisely when the altcoin price is high then domination to bitcoin is the best way if they continue to hold it for longer then it is difficult to imagine when it is low so therefore there is always a difference between bitcoin and altcoin in terms of price.
This is not just a clear belief, I think altcoin demand is not always associated with a large waste, it always shows when a bearish event occurs, no more than 2 days to sell because the profits from altcoins are always targeted within a few hours or a maximum of 1 day.

Maslate

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Quote from: soenan on March 07, 2021, 09:14:19 AM

In my opinion, the problem with altcoins going down is the current dynamics of the cryptocurrency market. When Bitcoin rose rapidly, Altcoins fell as capital cycled back to BTC. If BTC goes down, altcoins fall together, putting them in a precarious position. So the key for Altcoins to rise is the easing of the Bitcoin rally to give altcoins an opportunity to grow because that is where the market volume will likely spread again so that altcoins can push the price up.

I think it was just a coincidence to see Bitcoin up and altcoins down. Have we seen this happening all the time? Probably, not.

The changes depending on the market demand, investors sometimes focus on Bitcoin which leaves altcoins to have corrections and after a few days, weeks, or a month, they will get back to altcoins gain and the price spikes again. I believe it was a cycle and that doesn't mean that all the time the situation went like this.

soenan

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In my opinion, the problem with altcoins going down is the current dynamics of the cryptocurrency market. When Bitcoin rose rapidly, Altcoins fell as capital cycled back to BTC. If BTC goes down, altcoins fall together, putting them in a precarious position. So the key for Altcoins to rise is the easing of the Bitcoin rally to give altcoins an opportunity to grow because that is where the market volume will likely spread again so that altcoins can push the price up.

Ewox

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Maybe that’s what has been happening lately, but the Altcoins does not necessarily go down whenever BTC’s price goes up. It’s just that whenever BTC pumps, maybe some of these Altcoin holders fear they might lose some of their value they bought their coins and sell them before its value decreases even more. I’m not a hundred percent sure if that goes out to most altcoin holders but I know some who does that most of the time when Bitcoin pumps.

Becky666

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In my opinion, the factor that makes altcoins go down when bitcoin goes up is that altcoin volume goes down because most people want to convert altcoins to bitcoins so that causes bitcoin volume to go up. and market participants will usually sell their altcoins when the price they want has been met

Most of us also do sell our altcoins to bitcoin becasue of the dominance of this coin. What i personally observed from the beginning about this issue of Bitcoin was that, when the value of altcoins increase holders usually sell their coin to bitcoin for possible increase in their stash. I personally hate to hold altcoins more than 2months.

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Quote from: Sun2k on December 23, 2020, 12:06:36 PM

Hi all,

I don't understand why when the BTC goes up then the ALT goes down?

Can someone explain me why?

Thank you

in my opinion maybe people sell their altcoin to buy Bitcoin, so the price go down, because they are afraid to miss the bull run from Bitcoin, so from that they sell altcoin and buy Bitcoin, but in my opinion not all altcoin are down, because there are several altcoin whose prices have also increased, but the most important thing in my opinion is that you don't panic sell when the price of altcoin you invest go down, because it will make you regret when the price increases again, so my advice is you better hold and buy more if the price decreases.

Cadaver20

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Quote from: Sun2k on December 23, 2020, 12:06:36 PM

I don't understand why when the BTC goes up then the ALT goes down?
Can someone explain me why?

This time the bull run is different from 2017. In 2017 Bitcoin and almost all Altcoin were pumped together. But in the bull run of 2020, the first bitcoin pump, but the altcoin season has taken a long time to come. Because investors want assurances and no other coin can give assurances like Bitcoin. As a result, they have invested in Bitcoin. On the other hand, they have sold their Altcoin to invest in Bitcoin quickly. As a result, both the demand and the price of altcoin have declined.

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Quote from: ray_saeed on March 07, 2021, 04:10:10 AM

Explanation is pretty short.
People are selling their alts because they want to buy more btc during pumps

Actually it's not short, it's just too dense and obvious, and the person selling Alt to get Bitcoin, I think that's a very good thing and worth emulating because nothing is better than Bitcoin.

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