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Topic: Why when the market decreases the percentage of BTC increased? (Read 244 times)

member
Activity: 686
Merit: 15
It means people have more trust on the price stability of bitcoin than any other currency so they keep converting to BTC in other to save possible massive dumping of their altcoins and benefit from a potential bitcoin upward trend.
sr. member
Activity: 602
Merit: 250
Because Bitcoin does has a powerful say in the market. When its price goes down, the whole market tends to dip more than Bitcoin does. Therefore, the market share of Bitcoin will increase.
because with the decline in the market and bitcoin it becomes a very big opportunity for investors to invest in bitcoin at a low price, because if prices are still high, they will still think
member
Activity: 350
Merit: 10
BitbondSTO.com | Germany’s First STO | Earn Stable
I have been in the cryptocurrency market for almost two months, I observed that when the market fell, the percentage of BTC always increased. The current percentage of BTC has accounted for more than half of the market. What does this mean? Can anyone give me an explanation, and why is BTC? not another Coin? Because in my opinion, BTC is affected by market volatility more than the Altcoin!

                                                                                                               

it is indeed the basis of the crypto market flow, bitcoin rises or falls, the average other altcoins will also decrease, except in stable BTC conditions, usually when this is the altcoin will rise, if only the BTC rises and the altcoin rises, there is a possibility in the altcoin it's just a pump and only lasts a little
newbie
Activity: 20
Merit: 0
You can see most of the time, the market will go with the same direction of Bitcoin because Bitcoin has the largest share in the market. It's no hard to understand at all. Bitcoin has power to control and manipulate the market.
newbie
Activity: 18
Merit: 0
Because Bitcoin does has a powerful say in the market. When its price goes down, the whole market tends to dip more than Bitcoin does. Therefore, the market share of Bitcoin will increase.
member
Activity: 350
Merit: 10
The percentage of Bitcoin infusions always increases when the market is uncertain, as people trust him more.
jr. member
Activity: 182
Merit: 1
I have been in the cryptocurrency market for almost two months, I observed that when the market fell, the percentage of BTC always increased. The current percentage of BTC has accounted for more than half of the market. What does this mean? Can anyone give me an explanation, and why is BTC? not another Coin? Because in my opinion, BTC is affected by market volatility more than the Altcoin!

                                                                                                               
the usual manipulation of the market. whales artificially do this to ensure that the Yudis thought that bitcoin is much more valuable than other crypto currency which also have technology and transferred their funds to bitcoin from other coins. what other users are now writing is supposedly bitcoin more valuable, etc. - complete nonsense.all this is the usual manipulation of whales in order for you to sell them coins at clearly understated prices
jr. member
Activity: 188
Merit: 1
Most trading pairs are Altcoin / BTC, when prices fluctuate, people will rush to the BTC, because they think BTC is a reasonable place to live when the altcoin drops.
full member
Activity: 490
Merit: 101
and the course and the growth of complexity are all quite logical.

The connection here is simple: both things are beneficial to long-term players. And speculators too (including Bitmain), and they, I'm sure, are long-term players. When the complexity begins to grow rapidly - it is beneficial to dig and wait. The price in this case can not stay too long at the bottom. By long I mean really a long time, not a couple of months)

The high growth rate of complexity is a very good sign of a healthy and confident market
sr. member
Activity: 420
Merit: 250
just people don't want to be in a coin that falls. this is the temporary salvation of their finances
newbie
Activity: 70
Merit: 0
It proves how strong bitcoin is ,since bitcoin is very potential even though the market is bearish it's percentage doesn't fall much.many ALT coins are about to die and Bit Coin is increasing in percent .
legendary
Activity: 3472
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
#Pursuer already explained it, but I just want to add that most people want to use traditional fiat trading principles to a technology that is totally different from the rest. In any way, if we accept that Bitcoin's price is linked to Supply & Demand, then the price has to go down if there are more BTC in supply, than there are a demand for it.  Tongue

We will also never know the true status of Bitcoin's supply & demand, because most of these statistics are based on data that was acquired through regulated platforms and a lot of people are not even using these platforms.  Roll Eyes
hero member
Activity: 1330
Merit: 569
Things like this are simple mathematics that does not need any technical knowledge to figure out what is going on. When the price of bitcoin falls, what every one focus on is that bitcoin forgetting that the fall affects the entire market at various degrees. But because bitcoin is the most popular, its quick to recover compared to others. So, since market capitalization is the total coins* their individual market price, it then seems that the percentage occupied by bitcoin has increased. In short, it depends on the timing that the calculation is being done as at other period, that same percentage could either increase or drop.
legendary
Activity: 3472
Merit: 10611
I believe that the market capitalization of bitcoins increases due to the outflow of money from altcoins to bitcoin. There is a simple exchange scheme: we exchange Fiat money for bitcoins, and then we buy other altcoins for bitcoins. Exactly the same happens in the sale. We sell altcoins for bitcoin, thus the capitalization of the bitcoin market is growing, and then we withdraw bitcoins to the cache.

do you know what market cap even is?
market cap is equal to (price * supply). if you sell altcoins for bitcoin, bitcoin price will not go up. neither does its supply so that sale is not going to change anything about this formula and as a result it won't  change anything about bitcoin market cap.
however when people dump altcoins what it changes is that altcoin prices come down and since their supplies are mostly huge the (price * supply) result drops harder so their market caps drop and the final percentage that bitcoin has (BTC MC / 2000 altcoin MC) rises.
full member
Activity: 387
Merit: 100
I believe that the market capitalization of bitcoins increases due to the outflow of money from altcoins to bitcoin. There is a simple exchange scheme: we exchange Fiat money for bitcoins, and then we buy other altcoins for bitcoins. Exactly the same happens in the sale. We sell altcoins for bitcoin, thus the capitalization of the bitcoin market is growing, and then we withdraw bitcoins to the cache.
full member
Activity: 644
Merit: 117
swing!
Cause most of the people sell their alts in bitcoins, usually in lowered price and well that altcoin would cost less than it used to be, decreasing the overall marketcap of that altcoin, as bitcoin usually tanked the hardest as its the main exchange medium that nobody would wanted it to be low, sustain the overall marketcap which increase their dominance overall the market, bitcoin doesn't increase in value but sustains better
legendary
Activity: 1526
Merit: 1001
I have been in the cryptocurrency market for almost two months, I observed that when the market fell, the percentage of BTC always increased. The current percentage of BTC has accounted for more than half of the market. What does this mean? Can anyone give me an explanation, and why is BTC? not another Coin? Because in my opinion, BTC is affected by market volatility more than the Altcoin!

                                                                                                               
This is because bitcoin has very good trust from the public. When market conditions decline, more and more people will experience panic and they exchange the altcoins they have and then buy Bitcoin. That is the main reason why the increase in the volume of Bitcoin transactions is increasing and the price of bitcoin can be said to be very stable despite chaos in the altcoin market.
full member
Activity: 420
Merit: 110
I have been in the cryptocurrency market for almost two months, I observed that when the market fell, the percentage of BTC always increased. The current percentage of BTC has accounted for more than half of the market. What does this mean? Can anyone give me an explanation, and why is BTC? not another Coin? Because in my opinion, BTC is affected by market volatility more than the Altcoin!

                                                                                                               
Yes Bitcoin is most affected by anything happening in cryptocurrency because it is the main currency in the crypto market. It is the king and that’s why when anything happens in the market, it has some influence on Bitcoin, probably because of its huge dominance. It can also be because of Bitcoin and Altcoin trading pairs being traded by the investors.
sr. member
Activity: 532
Merit: 250

Bitcoin is the king of all cryptocurrency so it mean if the price of altcoins and token will fall? Do you think bitcoin will happen too? If you can see now ethereum has already dropped a huge price all over 75% price lost if you calculate its price in the past price of ethereum but in bitcoin this is not happen.

Most of the time the scenario would be:

Bitcoin rises; altcoins rises with it.
Bitcoin drops; altcoins drop with it.
Certain altcoins drop; bitcoin stays neutral.

It's mostly because altcoins follow the price of bitcoin due to almost all the trading pairs being BTC/altcoin; but certain altcoins can drop on their own due to multiple possible reasons(scamquits, missed deadlines, etc).
because bitcoin has indeed become a price benchmark for altcoins from the past until now. and bitcoin is also a very strong coin that has great potential for the future and the price too
newbie
Activity: 49
Merit: 0
we can called Bitcoin as the King Coin of digital currency.This is because of its Monopoly in Crypto world.It can be assured that, Bitcoin will make no lose though some times its price fall down.When price of bitcoin fall, more expats businessman trend to buy Bitcoin more. And they hold it until price pump up. And for thais the percentage of Bitcoin increase.
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