Will Altcoin's Price Jump? - page 6.

smyslov

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Quote from: aliriaz485 on January 26, 2020, 09:02:28 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?

Bitcoin's price is the one that will first go up, altcoins then will follow, Bitcoin's dominance will still carry the weight on the price of altcoin, but not like what happened in 2017, only the best coin will remain and will follow Bitcoin's price so go for Bitcoin first, then pick the best coins in the market.

red4slash

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actually it won't be that easy, because when bitcoin went up some at the end of last year and altcoin didn't manage to follow it. this happens but can not be with the appropriate percentage so it will not be easy in the action. need research on this, but altcoin with good volume can usually follow the flow of bitcoin prices.

sockpuppet1911

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Quote from: aliriaz485 on January 26, 2020, 09:02:28 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?

I don't understand what you are even saying. Why would altcoin purchases have any effect on bitcoin price going up?

Raflesia

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When there is a big pump then altcoin can go up but if the market hasn't shown its bullrun then I think altcoin will be normal even more likely to go down when altcoin has gone down it's hard to get up again.
If it follows the price of bitcoin when it rises then I think it's just a pattern of trading not from investor demand so altcoin is to be guessed in which direction it will go in the short term altcoin will be better.

themistocleess

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I hope the assumption you have used will come true, because as of now and since after 2018 there is only decrease in prices , no stability in the market people only facing losses and losing hope

princecharles

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There's a huge possibility that the price of altcoin would be greatly increased if the value of Bitcoin rises as predicted. There's a unanimous believe that the bitcoin halving event which is expected to take place this year would lead to an increase in the value of Bitcoin and this may also result to the increase in the value of altcoin.

mahilchii

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I am not sure about the pump of altcoins, these alts goes up only if BTC price pumps. There is no any major changes of alts from the past 1year, I think this is the best time to invest in alts as halving is nearing we can see a big change in few months for sure. Those who have invested in alts guys just have patience you are all set to make a huge profit.

spadormie

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Quote from: aliriaz485 on January 26, 2020, 09:02:28 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.

Bitcoin should go up first and by bitcoin's market value increases altcoin's market value decreases. It's inversely proportional. It's because we have something we called btc dominance in which bitcoin dominates the whole cryptocurrency market. And surely after a bitcoin pump and when bitcoin stops or got its bull exhaustion, it's time for your alts to pop up.

Usually a single alt pump is caused by its company because of a good news or a good hype from people. That's where shilling is entering the conversation.

killerfrost

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Quote from: aliriaz485 on January 26, 2020, 09:02:28 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?

Absolutely wrong, please look back at 2019. The price of Bitcoin has increased from $ 3100 and went up to $ 14000. But the price of altcoins has been steadily declining over the past year, if the bitcoin price rises then 100% of the altcoin price will be panic sell because investors will move to bitcoin to wait for profit, and if the price bitcoin falling investors will also move to bitcoin so they can own more bitcoins

boltz

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A few altcoins already jumped in price during a pump&dump process but I doubt altcoins will start to rise alongside with Bitcoin when the bull run begins and I do think altcoins will rise after Bitcoin bull happens or before it but no with it. Just have patience , buy strong altcoins , don't become greedy and don't forget that a major proportion of your investment, it should be in Bitcoin.

bangjoe

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everything is seen from dominance, altcoin will go up if bitcoin is sideway, they don't go up at the same time, and if bitcoin can't maintain its real position, then the increase in altcoin will only be temporary. altcoin position is always number two in crypto price movements. 2021 is a post-Halving estimate that is expected to make BTC surpass ATH, altcoin will also potentially move in this condition.

arimamib

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Quote from: TheICE007 on January 26, 2020, 09:59:56 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.

kesmex

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altcoin prices can go up at any time, the market is still focused on bitcoin, seen by the still high dominance of bitcoin, we just wait until the dominance goes down then to get into altcoin seems interesting

TheICE007

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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.

DaMut

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Quote from: JCviggen on January 26, 2020, 09:18:55 AM

no. the price of altcoins rises when bitcoin is in a flat state. at such moments, people begin to prepare for the growth of bitcoin and buy altcoins. altcoins are connected with the price of bitcoin and not vice versa. even if the prices for altcoins now start to grow strongly Bitcoin will not depend on this. he is independent

there is also a time when altcoin rises when bitcoin goes down and vice versa. the market is unpredictable we can not be sure about it.
the only thing that we need to understand is, whenever bitcoin breaches its resistance and go higher. the crypto market will follow after it because bitcoin determines the direction of the market.

btcdie

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Quote from: aliriaz485 on January 26, 2020, 09:02:28 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?

It's important to realize that Bitcoin is a mother, so if bitcoin falls on average altcoin also falls, that's the nature of the market due to fluctuations. some even say if bitcoin is dying, then altcoin is no longer useful.

The good news is that bitcoin halving is coming up soon, there will be a big change for crypto-world, maybe the thing is not much different in 2017. yeah i say, every halving there will be an altseason, this prediction is very strong. so now start to build investment portfolios.

Adriano2010

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Is clear if a lot of people and also investors come and invest and buy altcoins then yes the price of altcoins will grow, if most people buy altcoins price of bitcoin will go up because many altcoins on exchanges are traded with only BTC pair (but this not apply to 100% and bitcoin to grow need a lot of money to come in) , but we need a lot of people and also we need governments to not start forbid crypto.

JCviggen

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no. the price of altcoins rises when bitcoin is in a flat state. at such moments, people begin to prepare for the growth of bitcoin and buy altcoins. altcoins are connected with the price of bitcoin and not vice versa. even if the prices for altcoins now start to grow strongly Bitcoin will not depend on this. he is independent

aliriaz485

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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?

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