Bitcoin Forum

I just started with buying some crypto coins and have a lot to learn.

But almost every time when Bitcoin is up, al lot of the other coins also go up. And the moment Bitcoin drops , the other coins also drop. Is this just a coincidence or is htis how it always works? Can someone explain this to me?

Well actually from last years pattern, Bitcoin goes up others go down, and when Bitcoin stabilized and go sideways, others will rise.

Well basically there are no people who know about the future include movement of the price, the explanation about the the movement of price is on analysis technical and fundamental to prediction of price, if you want do trading altcoins fair bitcoin first step must know about the candle chart to prediction of the price.

I have often seen the behavior of crypto market like that. I think it's natural. Due to the fact, all crypto will return to the original. but, believe it if you buy altcoin that has a good ecosystem  you will not be disappointed

First of all,there is no connection between the price of bitcoin and altcoins.Every coin's price will be based on their own demand and supply.
But there is an indirect relation between them like when the price bitcoin price increasing it creates positive thoughts among the crypo investors so they will also buy the altcoins in the thought of altcoins price also will go to moon on one day as bitcoin does.So when there is the price increase in bitcoin other coins also increasing.

As you said last year bitcoin price was goes up and others are falling this may happened due to every cryotocurrency jumping from their holdings to bitcoin because there is a rapid increase in the price like bitcoin price jumped from $4000 to $18000 in three months.

Well this happens because when Bitcoin is down, a lot of people cash out of their altcoins to get bitcoin. The market is so unpredictable and soon enough, you will see that there is no correlation between bitcoin and altcoins

There is a correlation between bitcoin and other coins, there is even a correlation table on the Internet. Search and find.

hypothetically: If Bitcoin stay at the current value of even lower, wil altcoins be able to grow much higher (eventually)?

there isn't exactly a connection between bitcoin and altcoin prices but as others mentioned most of the times there is this connection that whenever bitcoin is either rising or falling, altcoins drop and whenever bitcoin stabilizes altcoins rise.

my guess is that it is because the altcoin market is more like a side market like penny stocks even which nobody is taking seriously despite what the advertisements say. because of that whenever bitcoin market is more active all traders take their money there so altcoins drop.

No, it was not always. Just at the moment, bitcoin shows good volotility, and you can make good money on it. Therefore, many play with bitcoin and do not invest in altcoins. When bitcoin calms down, the altcoyins start to live their life, do not depend on bitcoin.

Certainly can. Most likely it will.
Bitcoin will not be able to increase the cost as much as altcoins. Even in 2017, many altcoins showed staggering growth, while bitcoin has grown almost 20 times.

Bitcoin value is define the most of the altcoins value because bitcoin circulation is affected in the market automatically some other altcoins circulation also affected and demand also reduced in the market so majority of the coins values are down but not all the coins. This is kind of issue it is not a main problem. Because last week affected in all the coins values this is Korea government banned in cryptocurrency so all the cryptocurrencies are affected in the market Dont confuse the Bitcoin and altcoin drop.

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Bitcoin is the main coin, the father of all crypto. Therefore, many coins depend on bitcoin. But the growth rate for all is different. If you are a newbie, I would in your place look at altcoins.

All that because of our concern about the price decline, so we sell Bitcoin without thinking, because we think better 60% loss than not returning at all. That is the cause of the destruction of Price,
Just because of supply, demand and speculation. It should be understood that the inter coin has a relationship with one another not to mention the currency market.

I can say from my trading experience That the price of bitcoin have an effect on the price of altcoins. when bitcoin rise in price, the price of most altcoins falls. The same thing happens when the price of bitcoins falls. When the price of bitcoin is stable, the price of most altcoins rises. It can safely be assume that what happened to bitcoin will definitely affect altcoins.

  :)I have often seen the behavior of crypto market like that. I think it's natural. Due to the fact, all crypto will return to the original. but, believe it if you buy altcoin that has a good ecosystem  you will not be disappointed :)

All it because Bitcoin is main. When it falls people's withdraw money from alt coins to fiat money.. And when Bitcoin is consolidate, altcoins is grow.

actually it was not like this before. last year whenever bitcoin was raising all altcoins was falling like crazy. But nowadays as you said alts mostly follow bitcoins trend.

last year this is what we are able to see but know a lot of changes may ever do for cause we see some progress about altcoin but this is may not the end about bitcoin but to see that bitcoin may now ever see to be more fair about so altcoin are making some most common thing to be for.

It's just a market rule, when one price go up another go down, however this is not all true, as you can see now all market are red, I think it's correction now.

I do not know the reason, but I see when the bitcoin price falls, and the price of most altcoins falls. And when the bitcoin price is in the range, the price of altcoins rises. Of course, there must be good news for these altcoins.

the price of bitcoin and altcoin is unpredictable, it could be down a lot can also rise high.
there is no explanation about the price of bitcoin and altcoin. if you want to make a profit, buy at low prices and sell at high prices.

Altcoin is good but the Bitcoin is the best there is no better answer :)

It seems to me that most of the coins bought and sold for bitcoin!this is the rise and fall Altcoins with bitcoin !but it's not for sure)))

That's pattern and will happen over and over again but no ones know when. Look's simple to understand but believe me, that's the hard part. Most people get loss because the don't want follow the pattern, they leave the pattern and has faith with temporary trend, news, and false signal. Understand the pattern and profit will be yours.

I think it is psychological, for other people.

yes, the first seven now go in down trend, they often go up together too

because bitcoin is always a reference of the value of crypto trade prices. this is why every bitcoin rise or fall always has an effect on all altcoin. yes, this is the main factor. there may be other factors behind all the downs or increases.

Yes you have a lot to learn indeed. The Bitcoin and Altcoin correlation is one thing which many people get confused of and is sometimes really difficult to understand. It actually depends on how the market is reacting to the price speculation. If Bitcoin is going up so will the altcoins because you are probably seeing it in dollars $ . Bitcoin is paired with $ and since the $ price of BTC increases, the altcoins' $ price increases as well. Sometimes when the Bitcoin's price falls down, the altcoins' price goes up since people will be transferring their money from BTC to Altcoins and the vice versa.
So it depends on how the market is reacting to the speculation.

It's not a thing that always happen, but bitcoin has always been a big flag for the crypto world, which means that bitcoin going up= means for most of the people an healthy market that is good to invest in, and when bitcoin goes down, people wants to go out to fiat but the only way to do that is through bitcoin, so they have to sell their altcoins into bitcoins.

People among the crypto community got used to the fact that altcoins goes up when bitcoin goes up, and altcoins goes down when bitcoin goes down, so it's almost an instinct for people to close their altcoins postions when bitcoin falls.

Mainly I would say that stability of bitcoin price is good for the altcoins, while unstable price may hurt.

maybe it's just a coincidence. sometimes ETH price goes up while BTC goes down.
but later if BTC is exhausted then ETH will replace it.
reportedly BTI will reach the peak of the highest price by 2020.

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sometimes happens like that but chamber also happens also when Bitcoin down altcoin prices go up and vice versa bitcoin up altcoin down now hard to predict sometimes everything is red down

I think more new technology coins like EOS and CARDANO might be good long term holds. Those who lost out on Bitcoin and Ethereum because they have gone up a huge amount, can now invest in these coins that show promise and have room to grow. Also tokens that have big utility value like PPT and COSS are also good to hold long term as they will give revenues to holders. Try to find good projects where you can earn an income from the coins or tokens and grow long term portfolios.

that's your opinion but I prefer ETH (ethereum) because I follow ICO project and bounty in pay with token and in exchange to ETH so ETH is best

It is a good thing that you are venturing on the altcoins part of the crypto world. Great decision.
Now, about your question. You see, this isn't always the case man, there are some times that when the bitcoin's price is down,  the altcoin's prices goes up and vice versa. This can be due to convertion of bitcoins to alts and vice versa or taking profits.
And sometimes, the prices of altcoins and Bitcoins rise and fall together. This is because bitcoin's price influences the price of altcoins since this is what we use mostly to convert cryptos to fiat. So when whales takes profit, the price of bitcoin goes down which triggers panic sellers and this makes the domino effect. That is how i see the crypto world.
I hope this helps you in any way.
Good luck and welcome.

One think everyone needs to understand is bitcoin is the core of cryptocurrencies and rest everything is dependent on it.May it be alts or any ICO's. You can't deny the fact that bitcoin is the first of it's kind.People coming in the Cyptocurrencies are familiar to only one coin and that is bitcoin and they have their trust on bitcoin and if the prices of this coin drops,then people looses their patience and try to remove all their money what they have invested in crypto.That's how every coin is affected.

Whether it's Bitcoin, Ethereum or others, all depends on the market situation and one has to be very sure while investing.

I'll try to answer this question. At the moment, bitcoin is gold. We see this and see the connection between one value (bitcoin) and another (alternative). But the values ​​are always changeable - do not forget that when used as a platinum load in the holds of ships, calling it fake silver!

Do not burg yourself much about the movement of bitcoin and how it causes same movement in altcoins. What is important is that you make a research before buying a coin and if you are certain about what you have researched on, you go for it.

The market is usually controlled by news, thats fundamentals. So, if an altcoin is to make a huge bullish shift, bitcoin won't stop it and the market would continue as if nothing happened.

I don't think it is a coincidence,the crypto currency investors may have some positve thought when the price increasing so they keep investing on other coins where there is price fall in bitcoin and it happens upside down.But there is no connection between the price of bitcoin and altcoins the supply and demand of each coin is matter.
But it is not always happening that bicoin increasing altcoin also increasing,in 2017 other coins are stable but the price of bitcoin keep jumping to new heights everyday.So anything in the crypto world is possible but nothing can be predicted.Learn to surf on the waves bro. :D

RIght now when Bitcoin is down almost of the coins follow but not all. Those who have strong fundamental or news right now are still going up. At the moment when the Total marketcap are decreasing almost coins follow especially bitcoin maybe some other people panic sell and switch to fiat. But now worries we just have to wait because it is very near that Bitcoin and altcoins will go to the moon at the same time.

The price of bitcoin and altcoin is unpredictable, it could be down a lot can also rise high.
there is no explanation about the price of bitcoin and altcoin. if you want to make a profit, buy at low prices and sell at high prices.

This happens all the time. While altkoins are highly dependent on bitcoin. And this is what we can observe. But over time, it seems to me, altkoins will no longer be so dependent on bitcoin.