Will the altcoin go up in price if the bitcoin price goes up? - page 4.

Iadegbola34

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Quote from: wxa7115 on March 31, 2023, 01:47:40 AM

Quote from: Iadegbola34 on March 28, 2023, 03:00:38 PM

The price action of altcoins isn't 100% dependent on that of Bitcoin. Although, altcoins are heavily dependent on bitcoin but they can still make individual move without the influence of bitcoin to some extent. So it's absolutely normal for a 7% rise in bitcoin price to cause altcoins to increase by 3% and it is also normal for a 3% increase in price of bitcoin to cause 7% increase in the price of altcoins.

The correlation between the two is undeniable, when the price of bitcoin goes up altcoins go up, and when the price of bitcoin goes down the same happen with altcoins, not only this is something we can see, this is something which can be accurately measured as well, and if you do you will find out the correlation between the two is too high.

So while someone can invest in altcoins right now and hope for the best, it would be better for them to just invest in bitcoin and wait until the bull market comes, and if that time they still want to invest in altcoins then they can finally do so.

Last time I checked, Bitcoin dominance isn't up to 50%. Like I said altcoins can make drastic move on their own prolly due to some news or updates about the project. New listing can drive the price of altcoins upward or downward without the influence of whatever the price action of BTC is. Airdrop news can also change the price action of altcoins drastically without the influence of BTC.

Bay_Harbour_Butcher

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I think the price of altcoins will always follow the price of bitcoin, so when bitcoin has increased, altcoins will start to slowly follow the increase in bitcoin too, but this does not mean that all altcoins will go up

Ozero

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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 is hardly possible to apply any formulas and ratios between the rise in the price of bitcoin and altcoins. There is no absolutely identical situation in the cryptocurrency market in order to work out the exact dynamics of their growth. Usually, if bitcoin starts to show a good price increase, altcoins are a bit late at first and only then start to follow bitcoin. But even this is not a pattern. This process is largely influenced by positive or negative news on the cryptocurrency market, and all this is intertwined each time into a special, individual situation, which has a decisive impact on prices.

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Quote from: isaac_clarke22 on March 31, 2023, 03:32:07 AM

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

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Well imagine being an investor then investing to Bitcoin first. You would think of diversifying your investments, right? That would lead to buying any other coins in the market at the time. Surely you already know where it is going.

From that people would invest to any other coin in the market after they bought their Bitcoin. It has been like that in the market. Just like the usual market outside, when apples rise in price, there's common scenarios that even oranges and strawberries rise in price especially when they're almost biologically similar to each other.

Smart investors don't just keep and stick to a single coin like having Bitcoin alone. Perhaps, there are a lot of altcoins that are also good for investment and seem profitable which as an investor can't just ignore them but rather get them and buy more. Diversification is a valid reason and investors keep doing this as they wanted to grow their profit. In fact, the market is designed to be like that, buy and sell really happens in crypto. And they'll buy altcoins because of the trust and they believe that the price will rise together with Bitcoin.

isaac_clarke22

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

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Well imagine being an investor then investing to Bitcoin first. You would think of diversifying your investments, right? That would lead to buying any other coins in the market at the time. Surely you already know where it is going.

From that people would invest to any other coin in the market after they bought their Bitcoin. It has been like that in the market. Just like the usual market outside, when apples rise in price, there's common scenarios that even oranges and strawberries rise in price especially when they're almost biologically similar to each other.

fzkto

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Quote from: wxa7115 on March 31, 2023, 01:47:40 AM

Quote from: Iadegbola34 on March 28, 2023, 03:00:38 PM

The price action of altcoins isn't 100% dependent on that of Bitcoin. Although, altcoins are heavily dependent on bitcoin but they can still make individual without the influence of bitcoin to some extent. So it's absolutely normal for a 7% rise in bitcoin price to cause altcoins to increase by 3% and it is also normal for a 3% increase in price of bitcoin to cause 7% increase in the price of altcoins.

The correlation between the two is undeniable, when the price of bitcoin goes up altcoins go up, and when the price of bitcoin goes down the same happen with altcoins, not only this is something we can see, this is something which can be accurately measured as well, and if you do you will find out the correlation between the two is too high.

So while someone can invest in altcoins right now and hope for the best, it would be better for them to just invest in bitcoin and wait until the bull market comes, and if that time they still want to invest in altcoins then they can finally do so.

For crypto investors, the main problem may be that they measure the value of altcoins in dollars. So it may seem that when bitcoin goes up, altcoins go up too. But a completely different situation can be seen if you look at ALT/BTC charts. They show that when bitcoin is rising, altcoins are falling against BTC. Therefore, the correlation is not always obvious.

wxa7115

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Quote from: Iadegbola34 on March 28, 2023, 03:00:38 PM

The price action of altcoins isn't 100% dependent on that of Bitcoin. Although, altcoins are heavily dependent on bitcoin but they can still make individual without the influence of bitcoin to some extent. So it's absolutely normal for a 7% rise in bitcoin price to cause altcoins to increase by 3% and it is also normal for a 3% increase in price of bitcoin to cause 7% increase in the price of altcoins.

The correlation between the two is undeniable, when the price of bitcoin goes up altcoins go up, and when the price of bitcoin goes down the same happen with altcoins, not only this is something we can see, this is something which can be accurately measured as well, and if you do you will find out the correlation between the two is too high.

So while someone can invest in altcoins right now and hope for the best, it would be better for them to just invest in bitcoin and wait until the bull market comes, and if that time they still want to invest in altcoins then they can finally do so.

Iyeman

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Quote from: Rasa nanas on March 26, 2023, 10:47:25 PM

I think it's too much to say that interest in altcoins is declining just because the percentage increase in altcoin prices is lower than BTC. I think it's common for this kind of thing to happen, sometimes the percentage increase in the price of BTC is more than that of altcoins and vice versa. the percentage increase in altcoin prices does not have to be higher than BTC Roll Eyes

It's always be like that. I think that if you have been in crypto since a long time ago and you will be very familiar with such patter. The price of bitcoin will increase first and then altcoins will be following it. That's just a common movement from the bitcoin.
you shall wait until the price of bitcoin will stabilize itself and then you will be altcoin will start to increase gradually. If you are aware about how crypto was increasing a lot once bitcoin increase from 26k to the 28k

Almasani

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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?

I think investors still trust altcoins. There isn't enough Bitcoin if all investors are rushing Bitcoin. It's just that these conditions haven't got the right time to pump altcoin prices. The condition of increasing the price of Bitcoin has not been fully carried out by all parties involved in it. We need to wait for the bull market.

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Quote from: gabbie2010 on March 27, 2023, 01:59:49 PM

Quote from: cafee_orange on March 27, 2023, 08:41:11 AM

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?

yes, usually Altcoins also go up when Bitcoin prices soar. but only certain altcoins went up, not all altcoins moved on the market. usually those who follow in the footsteps of Bitcoin are Altcoins that have potential such as ethereum, cardano, Bnb, and matic. i noticed only those altcoins follow bitcoin

Whenever I look on and analyze BTC/USD chart I discovered that whenever there is a massive pump or dumb in the price of Bitcoin a similar pattern is always experienced or noticed in almost in the price charts of altcoins thus these proved that Bitcoin is the sole determining factor of all the prices of altcoins except some pump and dump meme coins that is why in any Bitcoin bullish run there are a lot opportunities offered by investment in some selected altcoins whose price actions is similar with that of Bitcoin.

Do you think that the altcoins that follow the bitcoin price are the same as the altcoins that I mentioned earlier, namely ethereum, cardano, Bnb, and matic? maybe there are other altcoins that you think and according to your analysis, it's okay to provide the information to me, at least I can collect these altcoins on the exchange that I have.

lobo13hf

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it also depends on the fact that the altcoins should also rather bullish otherwise its not gonna go up, there are many altcoins that just stuck in recent btc price rally and it seems majority of altcoin just stuck.

Iadegbola34

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The price action of altcoins isn't 100% dependent on that of Bitcoin. Although, altcoins are heavily dependent on bitcoin but they can still make individual without the influence of bitcoin to some extent. So it's absolutely normal for a 7% rise in bitcoin price to cause altcoins to increase by 3% and it is also normal for a 3% increase in price of bitcoin to cause 7% increase in the price of altcoins.

gabbie2010

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Quote from: cafee_orange on March 27, 2023, 08:41:11 AM

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?

yes, usually Altcoins also go up when Bitcoin prices soar. but only certain altcoins went up, not all altcoins moved on the market. usually those who follow in the footsteps of Bitcoin are Altcoins that have potential such as ethereum, cardano, Bnb, and matic. i noticed only those altcoins follow bitcoin

Whenever I look on and analyze BTC/USD chart I discovered that whenever there is a massive pump or dumb in the price of Bitcoin a similar pattern is always experienced or noticed in almost in the price charts of altcoins thus these proved that Bitcoin is the sole determining factor of all the prices of altcoins except some pump and dump meme coins that is why in any Bitcoin bullish run there are a lot opportunities offered by investment in some selected altcoins whose price actions is similar with that of Bitcoin.

cafee_orange

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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?

yes, usually Altcoins also go up when Bitcoin prices soar. but only certain altcoins went up, not all altcoins moved on the market. usually those who follow in the footsteps of Bitcoin are Altcoins that have potential such as ethereum, cardano, Bnb, and matic. i noticed only those altcoins follow bitcoin

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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?

I personally think there are seasons where bitcoin gains more than altcoins and then there are seasons where the altcoins outperform bitcoin.
It's always hard to predict when exactly the altcoins will give bigger returns. Most often it is when bitcoin has rallied upwards and is facing a correction.
Investors move from bitcoin to altcoins which is when many altcoins show double digit gains and then they face corrections.
The cycle keeps repeating until the point of return and bearish trend starts.

bitzizzix

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The price of bitcoin is a market indicator for crypto market confidence, and it is caused by every major price movement in bitcoin causing more altcoins to be affected because bitcoin has the largest market share or capital. So that gives a lot of influence and control in the market, and also the stability of bitcoin is the whole market.
and although not all altcoins will greatly affect the movement of bitcoin and when compared to the tree bitcoin is the trunk, ethereum is the branch and the rest are the leaves. If the stem is damaged or weak, the branches and leaves will also be damaged or they may die and fall off. Grin

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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?

Currently, the cryptocurrency market is going through a period of intense volatility and instability. Investors and users are re-evaluating the risks and potential of different cryptocurrencies, and may be focusing their investments on larger and more popular cryptocurrencies like Bitcoin and Ethereum instead. for other altcoins.

Other factors can also influence the market situation, including global economic factors, national policies and sudden events such as cyberattacks or regulatory scandals.

It is important that you do thorough due diligence and research before investing in any cryptocurrency, and not put too much emphasis on your own limited formula theory.

fzkto

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Quote from: naikturun on March 27, 2023, 02:56:49 AM

altcoins will go up after bitcoin goes up and then stable/sideways for a while, most altcoins will go up at that time, especially if they are in fomo or realease with good news, it will add up higher.Like ARB and space id recently list on binance.

Altcoins dont always follow bitcoin, for example when bitcoin rises sharply, altcoins can fall. You need to know why bitcoin is rising and whether there is an flow of money into the market. If bitcoin is rising because everyone is selling altcoins to buy it, then of course altcoins will fall. And if there are new USDTs in the market, then bitcoin and altcoins will rise.

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

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%.

Give me a proof if there's a research found if Bitcoin price goes up 3% the altcoins price will goes up 7%.

Altcoins is consist of all cryptocurrencies except Bitcoin, do you really calculate every coins increment and sum it to get 7%? I doubt it, you're just take a look with few altcoins especially the coins you're currently holding, but you're forget if there are 23,000 other coins listed on CMC.

Crypto market cap is different with altcoins price.

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I have also been watching this time that the increase in price of Bitcoin has not produced the same result in most of the altcoins,including the well known ones like ETH and a couple of others.I think that based on such results we should narrow down our portfolio to altcoins who have a development team behind them,have a clear road map of what they want to achieve and see how much of market share they have.I personally am thinking converting back to well known coins my ideas which are ETHW that I have invested in mining to convert back to ETH or some other high market cap coin.

Topic: Will the altcoin go up in price if the bitcoin price goes up? - page 4. (Read 1009 times)