Will the altcoin go up in price if the bitcoin price goes up? - page 2.

kevindjunaidi

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Quote from: Bazzu on March 24, 2023, 08:59:10 PM

I have watched the market and the price of bitcoin is going up, and I think and also usually if bitcoin goes up then the altcoins usually go up in price, for example if btc goes up 3% then altcoins always go up in the range of 7%. but what I see this time is not like that, for example if btc goes up 7% then the altcoin goes up only 3%.

and I want to ask you all what caused the market situation to be like that? and have people started distrusting altcoins or what?

it's not that people don't trust to invest in altcoin anymore, but it's usually in the beginning, if the price of Bitcoin starts to slowly increase, then the price of altcoin is sometimes still stable or even only increase slightly, but when the price of Bitcoin starts to increase very high, then the price of altcoin will starts to slowly increase and when the price of Bitcoin starts to stabilize (no decrease), then of course the price of altcoin will starts to increase very high (in my opinion the cycle has always been like this).

reddotgizkris

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What is there to talk about if some advise investing in bitcoin and others promote dogecoins or NFTs? Well, if you want a third opinion - get it. I support NeonLink.

judaspriest

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Quote from: BaeSuzy on July 06, 2023, 04:05:54 AM

Of course, when btc goes up and the alts will up too. Thats how the market works because when the btc price rise there something good news appear and it will make crypto more attractive so it will make positive trend for the market.

That's why Bitcoin is the king of crypto because when Bitcoin goes up, it will also make altcoin prices go up,
for now the market is still going up and down and hopefully the bull market can come soon,
I hope there will be more positive news in the future and we'll see.

BaeSuzy

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Of course, when btc goes up and the alts will up too. Thats how the market works because when the btc price rise there something good news appear and it will make crypto more attractive so it will make positive trend for the market.

Amejoaquim

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Exactly but you cant think if btc up 7% and another alts will ul 7% too.
Thats not how market works.
It still depend on what alts you choose, if you're choose the bad one when bad news appear it gonna go into red even tough the price btc goes up.

onecall123

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I'm bullish on Bitcoin, but I hold an optimistic view on altcoins. Whenever Bitcoin shows an upward trend, altcoins tend to follow it. Since Bitcoin holds a dominant position in the market, when people witness its success, they perceive the overall cryptocurrency market will follow it and invest more in altcoins. The value of altcoins is closely tied of Bitcoin, and this correlation makes sense to me. This concept has been well-explained multiple times here though.

Sebas.tian

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Bitcoin still remain the most popular coin and king among other cryptocurrencies, which whenever the price is rising in the market, many altcoins investors will use the opportunity to get ready for the altcoins price to rise too so that they can make a good profits like Bitcoin investors. Since many investors came to discovered that, there are more huge amount of profits in Bitcoin investment than altcoins investment, that made them to invest more on Bitcoin than altcoins investment. Don't forget that market price is unpredictable, because altcoins price can take over the market by increasing high more than Bitcoin in future which we have saw that before in the market, before Bitcoin finally take the lead till now.

JeffBrad12

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Quote from: usekevin on April 21, 2023, 05:05:03 PM

The basic concept of the trading is whenever the price of bitcoin rises,the price of most of altcoin almost 90% of altcoin.Based on this concept many traders will trade altcoin.When the price of bitcoin had started to reduce and become a bear market,most of traders try to buy some good altcoin to earn some good profit.In some extreme conditions, the market of altcoin reacted with 30% of the pump in bitcoin price.And you had face this trade variation with some extreme conditions.Crypto currency was fit to buy any price.Then you can sell at some point,you need to hold till the desired price was reached.

that is more like investing that trading though, the thing with trading is that usually the timeframe is rather short, within less then a day.
so they usually dont wait until bearish come, but instead seek opportunity of correction in the middle of bullrun which i'm pretty sure still exists.
or even finding some analysis in regard of future price, like if the coin have the potential for rally then they'd start bagging it and that is for rather short term.
so I don't think traders in general are bound to the bitcoin trend honestly.

nurilham

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Quote from: FUCKBSVFUCK on May 02, 2023, 02:32:54 PM

You are right, altcoins are not going to go up in price if the bitcoin price goes up. This is because the price of bitcoin is very volatile and can fluctuate a lot.

What do you mean? Do you assume the altcoins price will raise up when Bitcoin price drops?
As far as I know, most altcoins prices increase when Bitcoin price raises up. Altcoins prices mostly follow the price trend of Bitcoin. That's why people call Bitcoin as the mother of all coins since it determines the drop or rise of almost the whole crypto coins. Anyway, you must understand that altcoins prices are more volatile than Bitcoin price.

Quote from: FUCKBSVFUCK on May 02, 2023, 02:32:54 PM

In the past, bitcoin has been used as a payment method for many people, but now it is not as popular as it was in the past.

Do you follow the updated news, dude?
Bitcoin adoption is getting better nowadays, even El Salvador makes it as their legal tender. And you must know that more platforms/companies accept Bitcoin as one of their payment tools now.

tygeade

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Quote from: judaspriest on May 03, 2023, 09:45:13 AM

Quote from: bitkanu on May 02, 2023, 06:10:23 PM

obviously that's the case nowadays, but honestly even right now many coins are having value increase on its own regardless of the bitcoin trend, i see this like some strange things honestly usually altcoin and bitcoin move in unison.

It seems unusual but I don't think it's anything strange that should be suspected,
regardless of anything we need to follow the movement of the coin,
for now the price of Bitcoin itself is back down and let's see what happens in the future.

I think it will go back up again, this down is just a sell-off, people made a lot of profit if they bought at lower levels, nearly a double profit already and that seems like a good idea, I feel like they are going to do a lot better in the future as well. Hopefully they should be doing a lot better with time as well and bitcoin price will see a new ATH, maybe not right away but it will take some time to get there and eventually it will get there.

I hopefully see that it will get to a new ATH in a few years, and when that happens I will sell my coins too. I have been collecting enough, maybe I won't sell and wait for a few more new ATH's for a few cycles later, but at the end of the day I will never sell under the current ATH price, not a chance, it would be silly to do that.

judaspriest

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Quote from: bitkanu on May 02, 2023, 06:10:23 PM

obviously that's the case nowadays, but honestly even right now many coins are having value increase on its own regardless of the bitcoin trend, i see this like some strange things honestly usually altcoin and bitcoin move in unison.

It seems unusual but I don't think it's anything strange that should be suspected,
regardless of anything we need to follow the movement of the coin,
for now the price of Bitcoin itself is back down and let's see what happens in the future.

raidarksword

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Altcoins really depends on what bitcoin does and it is a automatic reactions for bitcoin that it can pull up or pull down the market on what ever market sentiments may come. Majority of reasons that bitcoin will dictate the market because it's the root of all crypto and king of all that's why the market reacts what ever the mood of bitcoin do.

bitkanu

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obviously that's the case nowadays, but honestly even right now many coins are having value increase on its own regardless of the bitcoin trend, i see this like some strange things honestly usually altcoin and bitcoin move in unison.

rahulzx

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If you're invested in altcoins, you've probably heard that they follow Bitcoin's price movements. But is this always the case? We did some digging and found out that it's not a simple yes or no answer. While Bitcoin's price can affect the overall market sentiment, it's not always a direct correlation with altcoins.

In fact, there are several factors that can influence the price of altcoins, such as hype created by project updates, market sentiment, and the overall state of the crypto market. This means that while Bitcoin can give a general direction to the market, there's no guarantee that altcoins will always follow the same pattern.

So, if you're an altcoin investor, don't panic every time Bitcoin's price starts to drop. Take a step back and evaluate the situation, because the correlation isn't always straightforward. Stay informed, stay vigilant, and make informed decisions to ensure your investments thrive in the ever-changing crypto landscape.

FUCKBSVFUCK

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You are right, altcoins are not going to go up in price if the bitcoin price goes up. This is because the price of bitcoin is very volatile and can fluctuate a lot. In the past, bitcoin has been used as a payment method for many people, but now it is not as popular as it was in the past.

Chato1977

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It is given mate that altcoin will move together as bitcoin is a best to straight up with altcoins and also check back the market and you can see that altcoins will never go up if bitcoin stays lowering .
so best to enjoy the market with those kind of movement and of course diversify your folio for better result .

kotajikikox

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Have seen this many times before so yes it will go up once bitcoin grows its value, it may not all of altcoin but those who has potential and those that will be use for manipulation.
so best to invest in good coin and wait with bitcoin growth.

Quote from: usekevin on April 21, 2023, 05:05:03 PM

The basic concept of the trading is whenever the price of bitcoin rises,the price of most of altcoin almost 90% of altcoin.Based on this concept many traders will trade altcoin.When the price of bitcoin had started to reduce and become a bear market,most of traders try to buy some good altcoin to earn some good profit.In some extreme conditions, the market of altcoin reacted with 30% of the pump in bitcoin price.And you had face this trade variation with some extreme conditions.Crypto currency was fit to buy any price.

altcoin will always follow bit, that is the reality in crypto and this is why crypto market is far different from other market in trading.

Reatim

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Not sure if this will happen again as what happened in the previous years , but one thing that I am sure here?altcoin will have its moment , and when this will happen > then that is what I am not knowledgeable.

for me the most important thing is that Bitcoin must grow , and yes that is coming any time in the next year or the next .

peter0425

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Majority of altcoins goes high together with bitcoin and that is what I have observed over the years though not all of them has this movement at least those legit and good coins are acting best for the investors.
and also there are chances that after bitocin goes up? then the altcoin season comes and they are making its way high.
but of course never get this to complete believing because there are side ways that may come along the way.

bitkanu

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the pattern has always shown just that, bitcoin rising when there's also same occurence with altcoins in general basically they got their value increasing by a lot with the influx of the investment fund and usually the currently trending coin are the one that has the spotlight gaining most massive increase in value, maybe bitcoin rise just give positive vibes and good impression that's why.

Topic: Will the altcoin go up in price if the bitcoin price goes up? - page 2. (Read 1030 times)