Bitcoin Forum

This is something I never could understand, what is there connection really? Every time we see BTC going up most of other ALT coins on the market showing red, value percentage going down, what is that about?

I guess it's because people are selling their coins to go on BTC train.

There was this kind of situation in the 2013 bubble, and when the BTC bubble popped, some altcoins did a x10 vs BTC, some others a x100. That was crazy  :P

Maybe, we'll see this situation again, let's see...

Imagine a race with the coach. The coach sometimes runs faster, sometimes slower. Sometimes forward, sometimes backwards. Students try to run alongside. When the coach makes a quick speed-up, all students are a bit late, and a gap is formed between them. Some students fall to the ground and never get up. Newbies coming ...

Is a supply and demand of both coins . As more people demand bitcoins, less people show interest in Altocoins hence the inverse relationship.

When bitkoyn grows in price, it means that the demand for it rises, which means that people invest in it more. Investing always happens either by removing certain amounts from the Altkoks, that is, by selling them, or this investment occurs instead of, in the usual situation, investing them in altcoyins. As a result, it turns out that the partial sale of altkoynam or insufficient investment in them lead to the fact that when bitkoyn goes up, altkoyin drop.

thats because 90% of altcoins are traded against btc , so when the value of btc rises altcoins remain the same

earning less btc when traded

Its just as simple as people sellong their alt coin to get bitcoin and then selling bitcoin at the high rate that it is now to fiat. Pretty straight forward and logical why... Some coins can with stanf it some cant... I see ethereum didnt do to bad this last climb it stayed relatively the same. DeepOnion remianed the same... People obviously never wanted to let go that easy :)

I think the simplest explanation would be to think about human behavior. When BTC goes up, more people want to take their resources to buy more btc. When it falls, people sell/hodl and then have extra capital to put into alts.

i think in part because the ethereum network has been extremely slow due to kitties so people are coming out of eth for that reason and pumping in to bitcoin today. mad gains and drops.

We only have alts to bitcoin trading pair, only few alts have fiat pairs so basically all altcoin's price depends upon bitcoin. When bitcoin will surge people will sell their alts to get bitcoin so that they can sell at higher price on end of the surge.

This is the only reason behind pump and dump relation between bitcoin and other alts.

It seems to me that this is not quite so, because such a correlation did not happen only after the kitties appeared. I, too, are more inclined to the majority of opinions that the demand for bitcoin rises and, accordingly, the price too.

When Bitcoin starts going up all the people just try to get on the Bitcoin train and just sell off all their investment and invest all of their money in Bitcoin for short term gain, that's the reason why altcoins go down when btc starts pumping.

Alts arent doing so hot right now because people are dumping alts to candle chase btc. If btc goes down alts may recover

It not just people trying to hop on BTC train. Altcoin value expressed as bitcoins. So when btc price rises if the amount of btc for that coin stays constant, its value rises too. People sell their alctoins till equilibrium point.

It very a simple and obvious dependence. If community believes that BTC price will raise people try to sell their alts and get more btc asap.

This is a great example to understand the connection. Thank you for the explanation. some students fall to the ground and never give up. so this is the situation of the ALT coins. their prices may go down, but they are in the market, keep trying to push up . cool.

That's what worries me , this current situation in BTC sure seems like a bubble about to popped. May be won't , but this unbelievable rising. to top it all we cannot do any transactions, Blockchain is completely overloaded. Blocked! not sure we'll have to hold without doing anything until it drops to nothing. or may be it keep going up. so unpredictable .

lol
Damn you fucking kitties

Actually, this is due to speculation, i see the big increase of bitcoin price, in its greater proportion, due to the new investments, however, this great flow is accompanied by speculators who move their investments from altcoins to bitcoins, accentuating the rise and causing a general drop of alts.

Ethereum may be slow, but Blockchain is now slower, over 212,000 unconfirmed transactions now.  and Ethereum network is it really about those kitty thing? May be too many airdrop tokens blocking the network. just a thought. seeing how many airdrops comes everyday, I think it may cause some part of the problem.

When the tendencies on the market change, redistribution of resources happen. Money flow in the most profitable, reliable assets. For now this is Bitcoin. With the time some others cryptos will become quite powerful to influence on the BTC price.

Theres a lot of factors to be considered,a lot of investors from wallstreet are joining our community thats why the BTC surges up and still rallying right now,alts are bleeding because they are measured in satoshi which is from the BTC,hence increasing or decreasing the BTC price will bleed the alts and if the BTC stabilized the alts will grow.

I think it is simple market economics. If one thing is selling in large volumes, then it automatically affects other things. When the market is bullish then it attracts even more money, because of which people have less money to spend on other options (alts). And when these other options are in less demand, then their prices automatically fall.

I think that's wrong. If you look at the charts you'll see that sometimes alts go down when btc rises and sometimes they go up. When bitcoin is down alts can also go up or down. It is all up to people and they have different mood. I think altcoins depend more on the specific markets and news about some updates. Yet most of the time I guess it's impossible to determine why the coin is rising. For instance, why did bitcoin cash pump a lot about 2 weeks ago? Why is litecoin suddenly so up? How comes people started noticing that IOTA is a good project? We don't have answers here. I think a lot of that can't be predicted in advance and sometimes is even never explained.

It doesn't always. Sometimes altcoins go up along with bitcoin. It is all very complicated and there are so many reasons that altcoins can go up and down but I don't think you should group all other coins in one group and talk about them all just calling them "altcoins" they are all seperate coins so having just 2 groups (one being btc one being altcoin) is not really fair.
I will say it is stramge that lately it seems the price of many alts are going down. Maybe people want to sell them to get the btc that is worth so much now but I don't see the point you don't need to sdell your alts when they have good bitcoin value because you can sell them when you want.

One of the theories is Bitcoin's price is inversely proportional to altcoin's price. As the value of bitcoin inceases, altcoins value decreases due to the decisions of some altcoins' users to transfer over bitcoin. But that is not always the scene.

Do you think that there is a relationship or is it just an accident. Yes, people sell, but not all and not a lot, but the Altcoin  are always in the trend, because it's first competitor worthy and secondly it's dynamic and fresh.

It can be said that people sell their altcoin as soon as possible in order to make a profit by holding btc. That's a natural thing if you're an old player in the world of cryptocurrencies.

It's just people jumping on the bitcoin gravy train and dumping all there other coins in the hope that they can buy more of the altcoins back afterwards after bitcoin makes them some gains. I am tired of this current bitcoin bullish rise affecting all my alts values i hope it ends sometime shortly. On the bright side there are some extremely good altcoin prices right now, i think bitcoin must be near plateauing for the current period so we have a big chance to make some good earns soon!

Who says there is a connection, it is like a financial markets not predictable, sometimes they all increase together, or bitcoin decrease others rise or fall...

It is changing investments from less risk to profit. Bitcoin is constantly increasing in value making investors from altcoins to transfer to bitcoin this is most especially to those who are new in the league.

The market of altcoins reacts very sharply to BTC volatility. When bitcoin rises in price every altcoin becomes cheaper - this is logical, because their price is expressed in relation to bitcoin. But when bitcoin becomes cheaper, the whole market is in panic and altcoins drop in price even more.

i think its basically only where to invest. it happen quiet often. every time bitcoin rise altcoin seems going down and opposite. i think its only market appetite. its especially happen to ETH which is eth is the second of the best coin in the market.

Basically the connection is with usd, the bitcoin value of the altcoins is decreasing but in terms of usd it remains about the same, so I think market works predominantly in terms of usd.

simple,, because all funds from altcoins move to bitcoin,,
so, when people sell altcoin for bitcoin in huge, the price will be down

Past two hours bitcoin price started falling in the chart. Have you notice that bro. But the same time altcoin price is grows more especially ethereum and litecoin. Gather the proper information about the all the altcoins. If you are fine that concern coin you gonna invest will be big means you can go ahead to invest on that to make money.
To answer the op query we have a comparison between USD and bitcoin will be make you to have a look on it.
Actually as he said price movement is does not goes like that we find the price movement in altcoin also when we find the bump in btc.

If bitcoin goes up, the altcoins go down. If bitcoin goes down, the altcoins also go down. Altcoins begin good growth when bitcoin stably stands still. We must wait for this moment to succeed.

i can explain this well because i have made a loss in trading because of this. but it was on etherdelta but you will understand

i purchased quantstamp for 14 cents which was (0.0005) at that time when ethereum was trading for 320$ so i got 320$/.14s = 2285.71 and afrer 7 days ehtereum price touched the level of 470$ and the quantstamp was trading for .16$ which was at the moment 0.0003 and then i sold my  2285.71 QSP for 0.0003 eth per qsp so i got 0.0003*2285.72 = 0.685716 ETH but my investment was 1 ETH. so i got loss in ETH. never see price of any altcoin  in $$ always calculate in eth or btc in which coin is really expressed

hope this will help you to understand :)

Technically, when BTC price go up fast and altcoin price don’t go up as fast, it will appear as a lost against BTC. But if you compare the USD price for altcoin, you shouldn’t see much that much losses unless traders are selling altcoin to get into Bitcoin.

There is no constant correlation between bitcoin and altcoins. In the old days, the correlation was inverse between them, not it's complicated, we can't understand it.

Now bitcoin is growing in its value because demand for it is increasing. The rapid rise in bitcoin prices leads to the fact that more and more people are beginning to invest in it in the hope of getting a good profit. This means that the money that might have been intended to invest in altcoyins, go for investing in bitcoins, which looks more profitable. In addition, some partially sell altcoyins during the growth rate bitcoin and also invest in it. This explains why if bitkoyn grows in value, altkoins usually fall in price.

I think its not about the demand of Bitcoin! Could You explain what a great demand could be in the Bitcoin for now with the price of $15k-17k for 1 BTC - me not.
People that had the constant demand for Bitcoin are actually traders and they actually know what to do to make the price growth!
I mean this demand is handmade and artificial, managed by some group of traders/miners. 

It's because most of the investment coming from alt coins are being invested to bitcoin by most of the traders especially the whales. And when bitcoin is starting to show red, the alt coin market will be on greed. That's the logic behind this great movement of bitcoin. It's just a mere supply and demand, the price of bitcoin increases and it's demand increases too the same thing with alts.

That's something I've seen over and over, when BTC stabilized  ALT Coins market are mostly green, at some percentage they have gone up.There are good days and bad days, but That's something I saw for a fact.


Bullish market means Long term market right? People tend to buy ALT coins hoping it will go up long term, but when BTC starts going up they start selling them and Start buying BTC , more people want to sell than buying prices go down. Got it. "Market Economics" the key word. Gosh  I need to learn more about that.



last two weeks definitely the  craziest I've seen since I got to know about BTC,  and another important point there is how does people know about that, other ALT's gonna rise, or those are good projects. is it because of the people behind those projects? or market news , how do they predict that? and IOTA is the best example it had a tremendous increase of value in last few weeks, it was at a very low point, but most big investors attracted to the project, I'm still trying to find how they are always in the right place at the right time, Just luck? or something else.

I think that has something to do with market power, BTC has over half of the market value, so It's considerd main coin. I really like the example "Raist" used,
This gave me an idea about how things work.  Even though it's not fair to call them all "ALT" coins, that's how that goes.


Yeah, that's what I thought too, The Bullish market example, people who brought ALT coins for long Hold started selling in bunches after seeing the dramatic going up of BTC. and more sells , than buys, price goes way down.

The recent change in the market started me wonder, if there's a connection, while BTC goes up, everyday I saw the other coins are red. Now I'm getting the concept how that's happening, even though market is not predicting, ALT coin holders selling in bulks made that happen. like many members implied with great examples.


This is very clear example, I always see crypto traders telling Don't even think of FIAT value, always calculate your profit/loss  from BTC value. Even though you have more Dollars, you have a loss from ETH value, That's clear with this example, thanks for taking time to explain it. Really important thing to remember.


yeah, as now we can see the market values of all coins in one page, it's significantly showing the changes, when BTC is high up and Gree, ALT's are very Red, that was the beginning of my question.

This is actually extremely valid point. This dramatic increase got me thinking the same thing too. as the market say some "Whales" are trying to manipulate creating a false demand. and miners fee increases from about 5 or 6 times these days. They are getting unbelievable profit with the market situation. may be the whales are buying all the ALT coins, as BTC will crash from few days/ weeks/ months when ALT goes up, they will really have Christmas , new year and happy Holidays with that profit.

Everything is very simple. When the rate of bitcoin increases or decreases, depending on the situation, people leave the altkoins, thereby lowering the price of altcoyins or going out to the tit from bitcoin during its fall. In any case, the capital is withdrawn from the Altcoins and they become cheaper.

The connection is evident as altcoins holders rush to sell their coins or exchange them to Bitcoin. Naturally, it is the temporary event, and probably the time to sell good alts for future trading. Use the moment!

Basically when BTC booms,  people invest more in it than altcoins and they also pull cash out of altcoins to buy BTC.... The more money in either BTC or altcoins determines how the market move and which of them booms. Thus BTC is the KING.

Though both function on different platform, it has got interesting dependence. An year back this was not felt big. When the price started to increase with bitcoin as well other digital currencies, gradually taking it grow further in value. Very rarely the price grows in an inversely proportional manner.

The connection between bitcoin and altcoin is altcoin depends on the bitcoin. As the demand on bitcoin rises, the demand on altcoin decreases which makes bitcoin a higher price and altcoin a lower price. Also, as the price of bitcoin rises and the price of altcoins still stick its price in dollar, when we convert altcoin to bitcoin, altcoin is lower because it needs to follow it price in dollars to make its price in bitcoin. Cryptocurrencies' price change every time so we can't say that a certain coin will rise or not. Entering in cryptocurrency world needs to take risks so we need to take risks in buying and selling coins.

This is simply because the altcoins are usually traded directly against bitcoin. When bitcoin's value suddenly surges upwards, is there any reason for an altcoin's value to go up as well? There are many factors but in general, NO, there is no reason for an altcoin's value to go up. Traders take advantage of the sudden rise in value (because btc value went up and so did the altcoin btc value) by quickly selling altcoins while their value is still higher than the normal average value. This results in a large selling force that drives the altcoin price downwards. If my explanation is not clear you may find more articles about this by using google search.

When bitcoin is in bullish market and you see altcoins in bearish what's really happened is that traders and investors are converting there coins to bitcoin in other to take advantage of the bitcoin upward movement. This happens often when there is a reason why bitcoin is going up. I have seen people who convert they ethereum during the last pump to bitcoin and they make good profits. Another reason why this happen often is when there are panicked in the market,  traders often convert they altcoins to bitcoin and from there to fiat. These are the major reason why altcoins do go bearish when bitcoin get pump

What is curious is that this connection appeared only recently again. Before you could not watch it. Now the more people hurry up to buys BTC, the less amount of guys want to get more alts.