Will Altcoin's Price Jump? - page 5.

MI6

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Quote from: aliriaz485 on January 26, 2020, 10:02:28 AM

If the price of the Altcoin goes up, then the Bitcoin value will go up. The reason is that when the price of Bitcoin goes up, the price of Altcoin goes up as well.
If people start buying Altcoin more than today, the price of Bitcoin will go up as well.
If the price of Bitcoin goes up by 2021, it will be a record.
Am I right?

But sometimes, Bitcoin value go up, but altcoin dumped. And then, although bitcoin price increased, value of altcoin is stuck if we count in USD. Any condition because of bitcoin pump can be happen so no exact what can people know happen with altcoin.

ReiMomo

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The movement of bitcoin is there a correlation to altcoin, every time the price of bitcoin will move upward it is the same to altcoin and also it is the same as the color indicator when bitcoin showing green color also altcoin as well. If you get the logic here which makes the market looks healthier, invest to altcoin or invest in bitcoin? Of course, bitcoin because the pricer of altcoin were tied up to bitcoin. The most powerful among them all is of course bitcoin.

Wildwest

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That often happens indeed as you say but this does not always work as you say now we often see when the price of Bitcoin rises but the altcoin does not dominance so the price movement is always different, and I think The price of Bitcoin and altcoin rises it all depends on the market enthusiasts so we are hard to predict it

Darktongue

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Quote from: aliriaz485 on January 26, 2020, 10:02:28 AM

If the price of the Altcoin goes up, then the Bitcoin value will go up. The reason is that when the price of Bitcoin goes up, the price of Altcoin goes up as well.
If people start buying Altcoin more than today, the price of Bitcoin will go up as well.
If the price of Bitcoin goes up by 2021, it will be a record.
Am I right?

If total marketcap is increasing than Bitcoin price will be up because investment can't make directly by altcoins. From bank to Bitcoin is the first common investment making theory. 2021 could another cryptocurrency year but which will start from later 2020.

Bossfidelity

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I would actually love to see the price of altcoin increase during the year. There's a huge possibility that the coin market would experience an increase considering the fact that the bitcoin halving event would be coming up this year and there's predictions that the bitcoin halving leads to an increase in the value of Bitcoin.

pixie85

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Quote from: arimamib on January 26, 2020, 11:03:11 AM

Quote from: TheICE007 on January 26, 2020, 10:59:56 AM

Most times when you look at the market and everywhere is getting green then know bitcoin is on the rise that is when most altcoins also move, but once bitcoin is falling in price, it is very obvious other altcoins will fall with speed except for a few, so the altcoin market is solely dependent on bitcoin.

This dependency is indeed difficult to break, because altcoin is still dependent on bitcoin movements. so I suggest if bitcoin goes to dump then it must be faster to take the decision to make an exchange on altcoin, but it must be confirmed in advance to do this and this applies vice versa when the bitcoin market is heading for the pump.

If it happens faster it doesn't matter because when it happens will have completely no impact on the possible recovery. What I mean by that is if a coin goes down now or in 3 months in both cases it can recover instantly or never. Making it happen faster will not impact your possible gain or loss gfrom trading.

What you should focus on is long term probability of something going 2x-10x. Some altcoins have that and some don't.

qazgroup

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What i have understood from your post is that you are actually stating what happens in a bullish market, to be honest we cannot tell yet if we are already in a bullish market or no, bullish market will be confirmed only if btc breaks above 14k and eth above 500, in my own opinion.

Doell

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well actually the value of an object is different and has obtained the agreed terms ,same thing with the price of product in this industry but if there is a related parable ,it is't true mate ,the price of altcoin cannot be determined by bitcoin but there are conditions that can make it up by bitcoin ,on the contrary bitcoin will up by usd request instead of alt

Cocoincos

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I saw the same thing when BTC go up everything else goes up too!
Look at the TOP 100 of coinmarket, every day new and new altcoins have jumping price! One jumped on 100% another - 1000% - and it is doing everyday- just look!

maruf01788

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You're wrong. Altcoins totally depends on bitcoin. If bitcoin goes up then all Altcoin will rises. If bitcoin goes down then Altscoins will down. The main point is bitcoin controlling whole crypto market.

mobilestrike

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Quote from: aliriaz485 on January 26, 2020, 10:02:28 AM

If the price of the Altcoin goes up, then the Bitcoin value will go up. The reason is that when the price of Bitcoin goes up, the price of Altcoin goes up as well.
If people start buying Altcoin more than today, the price of Bitcoin will go up as well.
If the price of Bitcoin goes up by 2021, it will be a record.
Am I right?

Actually the price of altcoin rises with the price of bitcoin in another reason that when people start trust on bitcoin and when there something great happens around bitcoin and b people start to believe that now they will not lose their money in bitcoin then along with bitcoin they also want to increase their bitcoin so they also start the altcoin trade and in this way the price of altcoin also start to increase.

sisule

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Quote from: aliriaz485 on January 26, 2020, 10:02:28 AM

If the price of the Altcoin goes up, then the Bitcoin value will go up. The reason is that when the price of Bitcoin goes up, the price of Altcoin goes up as well.
If people start buying Altcoin more than today, the price of Bitcoin will go up as well.
If the price of Bitcoin goes up by 2021, it will be a record.
Am I right?

BSV and BCH both coin become jump and you can invest with short or long term, I trusted with both coin because always have way for raising up although have been down more than 30% but keep touch to go up with higher price, now you can try for investing after bitcoin have been in higher price.

KimmyF

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Quote from: aliriaz485 on January 26, 2020, 10:02:28 AM

If the price of the Altcoin goes up, then the Bitcoin value will go up. The reason is that when the price of Bitcoin goes up, the price of Altcoin goes up as well.
If people start buying Altcoin more than today, the price of Bitcoin will go up as well.
If the price of Bitcoin goes up by 2021, it will be a record.
Am I right?

You are making promiscuous information. When altcoins price up, how volume of Bitcoin and price up. After 2018 only 10-20 coins pump as before, when rest of coin is plummeting. Last year Bitcoin touched top value of last two years which was the nearest high of 20k. Yeah, 2021 pump will be recorded of Bitcoin.

nekonyun

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that's wrong, altcoin prices will rise when bitcoin goes up and after rising bitcoin prices are stable, it makes traders buy altcoin and makes altcoin prices go up, altcoin prices follow the movements of bitcoin prices

Dr.Osh

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I'm a little confused, but I think, who has the biggest influence, in this case, is bitcoin. if the price of bitcoin rises, the price of altcoin will rise. however, if the price of altcoin goes up, not necessarily the price of bitcoin goes up. so, even if you buy altcoin, then bitcoin may not necessarily have a greater value or volume. however, each altcoin has a different price development, even when bitcoin prices rise, not all altcoins will have a high price.

BitDane

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Quote from: aliriaz485 on January 26, 2020, 10:02:28 AM

If the price of the Altcoin goes up, then the Bitcoin value will go up. The reason is that when the price of Bitcoin goes up, the price of Altcoin goes up as well.
If people start buying Altcoin more than today, the price of Bitcoin will go up as well.
If the price of Bitcoin goes up by 2021, it will be a record.
Am I right?

No it does not go that way. If the price of Bitcoin goes up, funds that supposedly goes to altcoin market will be moved to Bitcoin to catch up with the rally. Then the Altcoin market will either be stagnant or go down. And vice versa.

ChrisPop

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Quote from: aliriaz485 on January 26, 2020, 10:02:28 AM

If the price of the Altcoin goes up, then the Bitcoin value will go up. The reason is that when the price of Bitcoin goes up, the price of Altcoin goes up as well.
If people start buying Altcoin more than today, the price of Bitcoin will go up as well.
If the price of Bitcoin goes up by 2021, it will be a record.
Am I right?

What are your statements based on? You can't know if altcoins will go up or not with Bitcoin. If altcoins go up in USD value that might as well mean that Bitcoin price is increasing(against USD) and the alts price remaind somewhat stable.

Now from my perspective alts do have a lot of potential to grow taking into account that many of them are 90-99% below their ATH, but again they could go even lower and never return to the previous levels. It is just a risk/reward trade that you need to decide upon.

Warkop

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In my opinion, if the price of Bitcoin goes up, it's not necessarily the price of Altcoin going up, maybe only some really good Altcoins on the market can go up because a good altcoin on the market already has a devloper that still looks active and productive to increase the price of altcoin on the market . So, if the price of Bitcoin goes up in 2021, don't expect for the price of altcoin to rise too.

luckyflop

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The price of altcoin only increases if BTC is stable. This market is completely dependent on bitcoin, so if Bitcoin moves, all altcoins will collapse. In 2020, investing in altcoins is dangerous because this year Bitcoin will be pumped heavily and it will probably cause the entire altcoin market to collapse.

Kurabye

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