Bitcoin Forum

Trying to sell some coins with high gains to buy some that has dipped alot, but it seems they all move up and down together for the most part.  This makes it hard to sell. Is this how it normally is?  Been trading just a month now.

Not usually. Mostly influenced by the huge swings of btc right now.

Alt coins are priced in BTC terms so normally they will follow BTC up or down depending on the fluctuations of bitcoin itself. However sometimes alt coins will diverge from the price of Bitcoin when they have active development, e.g. a second exchange listing, release of a white paper or an updated wallet. So its best to keep an eye on the alt coin team and their activity for a coins you are interested in. How active are they on github? What have they done recently for their ecosystem? Coins can go very far with social media alone, look at Dogecoin, it is not known as a highly technological advanced coin and yet the DOGE market cap has snowballed.       

Exactly, BTC is the has the 35% of the crypto market.

When Bitcoin is down, that has an immediate to every coin.

Coins seem to have relationship with one another, but they are mostly concerned with btc. They are dependent to it. But there are cases that some coins increase or decrease on their own without concerning btc.

Thanks everyone. Good to know. I'll have to keep a close eye on the price movements and news.

Every altcoin out there is traded with bitcoins, so when bitcoins drop in value, the USD value of the altcoin usually follows.  There are many instances where the altcoin will rise significantly during the btc drop and this would be a good time to consider swing trading.  It's not good to sell when everything is going down. 

all altcoins out there are traded with bitcoin, so when bitcoin value falls, the USD altcoin value usually follows. There are many instances where altcoin will increase significantly during btc decline and this will be a good time to consider trading

All the alts are pegged to btc

As my experiences, when Bitcoin getting drop, many altcoin will increasing up, it will happen in other ways. But in fact, from December last year, all the coins move together, with Bitcoin as point of trend view in market.

The December-thing may be caused by the news from banning cryptotrading in some good countries. But generally, as per experience also, altcoin is inversely proportional to the movement of bitcoin.
To MonkeyBrain, try looking at binance.There are still altcoins there that are in dips.

Yes, will take a look. Thanks

Not at all.Every coins has what it is based on, the value of the service or product that the coins is derived from differs, so not all coin move in same direction. But when bigger coins like bitcoins and ether suffer heavy losses or gains ,they one way other affect other coins.

As i know usually always coins move together because most of the tokens are in symbo with ETH or BTC. So when price for ETH or BTC fall down. Tokens and alts price also drops.

Not all, but most of the time, most of the coins will move up and down together, only a small part of which has its own moving, so it is difficult to swap ports if they are all down unless you are sold out at the beginning, and buy when dump.

Alts have different movements but some of coins has always been moving together,like the marijuana family THC,DOPE,CANN, etc. because they are in the same category but these movements will still depends to what BTC is doing if the BTC starts to go wildly for sure these coins will bleed and will recover lately.

After continuing to set a record price increase, Bitcoin's digital money value began to fall. decline in value of Bitcoin in a day even reached 1,000 US dollars. This may affect all altcoins until the price rises and falls,,

We do the same so thats correct must watch the price every hour.

Generally, it does.  All crypto coins move together in the same way that all currency move together.  The strongest currency will have its push or pull effect on all others accross the globe in the same way that bitcoin plays this role, so will its rise and low of value impact the other altcoins circulating the market.  Everything gets traded with bitcoin and I think it is only logical that it's value, in a way, effects the value of altcoins out there.  Although, I feel that there will be a time that some other coin will get to dictate this trend, it's either one of our forefront runners like ethereum and litecoin. If that is the case, eitherway, other altcoins will get affected by its movement.

Most of all move when bitcoin does, this remind us that bitcoin is still a giant and we dont have to underestimate this coin. There are also some Coins in the market that move the opossite than bitcoin, check market cap and you will see the green ones in the red sea haha. I hope I helped you, good luck.

Why not trade for tether and then when things pick back up trade out for the coin?  Seems that would be a way to avoid the drop in value, pretty noob here so I might be missing something, if so would love to be educated on what is wrong with that strategy.

Well yes my friend if bitcoin prices is going down all alt are going down too but some of the alts are going higher because of the demand or somebody is pumping on the specific coin

All coins don’t actually move together, they move with bitcoin. It that crab in the barrel effect; when one tries to breakout bitcoin holds on to it. If bitcoin is too heavy with FUD neither escapes. Looking for to xrp pairing in the future!! Just my two cents.

It might seem like they all move together but it is their usd value moving in relation to bitcoin as that is what they are mainly traded against.  I try to look at the coins that go up in btc value when btc itself is going down in use.  Good luck trading.

Emm not all of them.some of them still showing growth like stellar and nxt. But most of them in red line. All the coin move together but mostly if bitcoin going crash the other coin following but not in significant price. But still bitcoin price effects.you should research the changing of growths to make a decision to buy or sell. And look the market is it worth to invest in coin right now or not.

That's because everything follows bitcoin but some coins will still go up a bit and it's very hard not to follow bitcoin because it would mean that it will have to go up more than bitcoin is going down to stay at same price.

There are times that all coins are co rellated to each other. when bitcoin goes down the altcoin goes down too. however it is not always like this. i remember last year bitcoin price goes down for about 5% while top altcoins makes a 20 - 30% price up. Altcoin has its own market. 

Mostly is Yes,all Altcoin usually following BTC price.
if BTC down you can see most of altcoin become red.
but sometimes when BTC rise,few of Altcoin cant move from red zone... ;D ;D

All coins are Normally close and normally open to each other. Normally close is base on same fate of movement price if bitcoin price goes up all altcoins goes up too. If btc price goes down, all altcoins goes down too.
Btc is the major reason of all of this.
Actually they are normally open. Base on business transactions, payment that accepts btc will accept altcoins too as the way of payment. By the way this is all what I observed always. Of course every movement of price is because of bitcoin price.

Generally whenever bitcoin price goes down, all altcoins going to start their downward journey due to satoshi value drop but in some exceptional cases they will not follow bitcoin.

I see that the market price movement in altcoin is very much in line with the bitcoin price movement but it can not be used as a measure that altcoin market prices will continue to follow bitcoin prices because of course the crypto price will not be predictable only trade in bitcoin has a few percent more than altcoin hal this of course will impact on altcoin price movement. the most important thing for a trader is that it should continue to monitor the movement of the crypto market price in order to choose which type of crypto is good for trading.

This is basically the normal move of all cryptocurrencies. When bitcoin moves whether it's up or down. Or to increase and decrease it's market value, the rest will follow or somehow most of the coins will experience impact on that. We all now the BTC has the biggest share in the cypto market so the swings will really happened accordingly.

All coins have their own flow and market even than they are co related in terms of Bitcoin price, if bit coin rise alt coin rise and vise versa because any exchange will be made through bit coin, one should keep an eye on price index of coins, some time other coin take hike also.

Tether is tied to the USD so it runs counter to the market as a store of security. Tether will hold around $1 in a stable market and move $0.03+/- during the swings in opposition to the market.

Yes, I also noticed this trend and it's very strange. This shows how much all the altcoins are tied to bitcoin and whoever does not say it, always give here such examples, when there is a correction, recently the graphics are almost identical

Not always. They're affected by btc price as of late. You can still make profit by dumping what you have and purchasing whatever dumped by a lot. However, who is to say it will reach where it was before the dump? so it's as risky as any other altcoin.

Almost all altcoin's price is tied with bitcoin because they are only traded against bitcoin so whenever bitcoin price will be dumped all alts will loss their value. Alts loss more % of value than bitcoin because many will start to dump their alts for bitcoin to sell their bitcoin during dump.

Only few alts like ETH, LTC, DASH have their own fiat pairs but they also get affected by bitcoin price. 

sometimes . it depends on the coin . there are also a factor on the price of bitcoin if the bitcoin price is rising the altcoin value increases in my own opinion. Make sure when you are buying a token you better check the website and update of specific coin

No at all.  Every cryptocurrency is trading against Bitcoin and they derive their value from Bitcoin. In essence if Bitcoin goes up,  it helps valuation of every other coin. And if Bitcoin goes down every other coin get dumped for it.

not really, but you should aware that bitcoin is almost affecting all alternate coin. I am not sure why, but maybe many platform used bitcoin as a transaction method. If bitcoin go down or up, many alternate coin will follow it. But it is possible for alternate coin it self go up without when bitcoin is still steady.

it is the money flow, so if you want to understand how things work, you need to follow the money so to speak.

try and figure out where it is going. in or out, and where. for example each time bitcoin is rising you can see the same drop in altcoins and if you check the volume, you can see the "money" has gone to bitcoin and has dropped out of altcoins.
and during the bitcoin stability periods, the "money" is going into altcoins. but if you look closer you can see that the money is spread but the smart money is focused only on 2 or 3 altcoins tops which will be getting pumped as a result and then that smart money moves on to the next 2 or 3 altcoins. rinse and repeat.

Well this 2 weeks since last week is a bloody red week for cryptocurrency. Almost all altcoins crashed and today the price is going down again right now. Actually when the bitcoin price crashed, some altcoins will go up but this is different. I don't know what happen but it seems this month will be a red month for cryptocurrency

all coins are usually influenced by eachother since a huge amount of bots will short coins against eachother. Huge whales dont want to pay taxes on their gains, so instead of cashing out, they simply move their holdings around. Also note that Bitcoin Suisse is administering more than 500mUSD for their big clients. They do this with countless bots that will short against btc and altcoins. Therefore you often see primarily green candles when the top 20 coins are all in green as well

Yes, exactly, when all the crypto market goes down, all the altcoins have the same pattern, since most of the olders are selling at that time because of FUD.
So yes, it is normal to see altcoins following bitcoin's pattern.

You can use the graph in coinmarketcap as historical reference.

https://coinmarketcap.com/charts/

You can see on the Percentage of Total Market Capitalization (Dominance) that there is some correlation between bitcoin price and alts, ethereum in particular.
Historically, if bitcoin falls, some alts like eth, does go up in value.

If both bitcoin and alts go down, you know that the money is flowing out -> to fiat.

Of course not, they have different fluctuations depending on the 'large or small' number of 'users or investors' behind it. In the case of a 'mutual' decrease or increase, this is usually due to sales, and purchases occurring simultaneously on each cryptocurrency or possibly a simultaneous closing of cryptocurrency exchange accounts in a country.

They have different fluctuations when the market is relatively stable, but once Bitcoin starts dropping significantly, you'll see that the value of pretty much all altcoins is tied to the value of Bitcoin.
That's not to say that you can't make a decent profit of of altcoins, like you said, there's a big difference in how much they fluctuate.

I also wouldn't say that the parallels between BTC and alts are due to buy or sell orders happening simultaneously, that's an effect, not a cause.
If the Bitcoin value drops, altcoins also become less valuable since they are traded in Bitcoin, thus their value in fiat also drops.

Go check the BTC charts on coinmarketcap, you'll see a different picture.

I have also been monitoring how the market goes for quite sometime and it seems they move when the price of Bitcoin moves. So I guess yes, the coins are kinda related to each other than if someone moves the others will follow. Although there are some delays to other coins, but as soon as the Bitcoin is green, alts will also be green.

just a few moments and they are not always together, but what keeps them almost always together are those traders who are panicking to sell their coins when they see the BTC price go down so they are almost in tandem.

This cryptoworld and not stock market or FOREX. They move looks the same, I just wondering if this will be the behavior of this market. Or maybe We can assume that this is only happening due to heavy investment last December.

For me I think its not. There were times when the price of bitcoin is increasing, it is because the demand for it is increasing since there are many people who buy bitcoin and when the price is decreasing, it is because many are selling their bitcoins and they buy altcoins that's why the price of altcoins is increasing thus sometimes bitcoin has inverse relationship with altcoins.

Perhaps the status of bitcoin is too important. If anyone thinks Bitcoin does not work. He may take for granted that other coins will not work either.

corealtion moves, i think that's just happen in forex trading
but also cryptotrading too
i think this is because of BTC price
because of every exchanger have BTC and its always paired with altcoin
so when 1 altcoin down, BTC demand will increase
other alt will get more burden to balance its BTC demand
CMIIW

The number of altcoins is so high so they can't always move together ;) Always check news about them.

the market is in turmoil as well as Bitcoin, I think it is time to hold the coins instead of selling them because these are crucial moments and if you sell them now I think you will lose

Not all, but most of the coins will move up and down together and it's mostly influenced by the huge swings of btc price. Perhaps, people are so nervous about the bottom falling out of coins that any change to BTC causes a panic when the price declines

It's like unwritten rule that most alts move with BTC as for most of them there is no other crypto pair to trade with. And even coins that are "independent" from this pairing are mostly moving as BTC (probably because people still feel more confident with BTC) or they want to use shorting.

So no, they don't have to, but they will and I think that it won't change in near future.

Sometimes yes, sometimes no because market is so active in last month(s). They can gain their value or loss their value easily.

The cryptocurrency market is a volatile market, you have a group of currencies that have reached enough market capacities and thus have moved under the influence of larger currencies such as Bitcoin, some of which are still with low capacities and therefore will move with more random models.
There are platforms that manipulate the prices of smaller currencies, so if you are not a professional, it is better to follow BTC/USD pair.
sell some coins with high gains to buy some that has dipped alot is a dream for all investors
you must have full time and some economy to know best time to buy and sell.
you must loss some money when investing

If you are trading altcoin then now is not a good time to trade because the Bitcoin price is not very stable at the moment and has a lot of FUD. Usually, it is better to accumulate and increase the position of your favorite altcoin when the market is unstable. The altcoin market depends very much on the price of Bitcoin when the Bitcoin price fall then the price of altcoin will also follow.

I have observed that for when the btc price rises the altcoins falls and when the btc prices falls altcoins do fall again. But after a short while or in a day the altcoins starts to move upwards again though not all coins but few coins which has being dumped badly during the fall. This actually gives us a very good opportunity when the falls happen to buy those coins at lower price.

In my personal opinion, all crypto currency are directly or indirectly dependable on Bitcoin. When bitcoin gets down,  most of the crypto currency also get down. Majority coins are influenced by the price of Bitcoin. So i think most of the time, all coins move together.

I agree with you about bitcoin dependency of altcoins. They generally don't move alone, they're linked to each other and the general trend of the crypto markets. This is how they move on the exchanges.

not all coins move the same, because coins have a hard sell value in the guess. because always up and down.

All coins follow bitcoin trend and whichever direction start in bitcoin, generally all altcoins start moving in that direction and it is a normal phenomenon. Only some exceptions not follow bitcoins due to their own reasons.

That is what i also noticed about the crypto market that almost cryptos are down together when bitcoin is down too. I think that is because each crypto has a pairing directly to bitcoin and so whenever the price of btc depreciates, so as alt coins' price too.

Not always. Some coins are affected by others, that is why you think that they move together, but they do not

I'd guess this phenomenon is normal to cryptocurrency they're kinda related to each other. One thing is for sure if alts will go down BTC would stay a bit longer before following the trend.

I don't think Altcoins move together except during a specific event wherein Bitcoin is being massively dumped.. This usually means that funds are flowing into alt coins which makes 'most' of them move together.

according to me this is not how everything works.
though you are not completely wrong but when one major coin increases or decreases it does have an affect on others which may or may not be significant but no two coins are directly related.
they indirectly affect each other.
so ignore the mainstream coins and try investing in some low profile with high potential coins.

Yes you are right. Usually, the whole market follows the price of bitcoin. But there are some coins which do not follow this rule and have recorrelation.

No, currently they are moving because Bitcoin drops. In a stable market you will see a lot of action. Sadly BTC is correcting atm.

The father of coins or cryptocurrency is Bitcoin. And based on my observation, when the bitcoin increases or decreases its value, the other coins follws. I think they are all dependent on the value of bitcoin. This is just my observation on how cryptos works.

Do not jump to conclusions judging by the events that took place this January. Yes, this time almost all coins went down together, but as a rule, it happens very rarely. I am still have a great belief that NEO, Cardano, ETH, DASH and LTC will gain much and it will happen soon.

What if a specific coin and their *devs are cloning another coin? they could start buying their coins before updating their website or updating their huge community (low rank beggars getting paid to bump their thread).
You must've heard about my activity tokens, would you like to know what was needed for me to actually succeed? no support of the community, any exchanging service given enough incentive would've listed them and people would've traded them even after seeing theymos implementing merits and no such a thing as activity tokens. current situation with every coin, they have no system in place to use them, people are trading them knowing that there is nothing to use the coins on.
There was a failed ICO recently, the *devs were trying to refund investors, some idiots were buying the useless tokens, knowing the ICO had failed.