Bitcoin Forum

Do you see graph equations that are currently running. example: If we look at and also observe Bitcoin charts and other altcoins, to be honest you will see a lot of similarities. Namely up and down in rhythm. What do you think about this??

This is nothing new. Every time bitcoin goes up, the majority of altcoins follow. Every time bitcoins goes down, the majority of alts go down too. Most altcoins follow bitcoin in their price movement. There are minor exceptions, for example when an altcoin is being pumped or dumped, or when some significant news appears which is specifically related to a certain altcoin. In such cases you will see discrepancies. 

Yes that is what is happening by now.

Before there is like a belief that whenever bitcoin is being dumped altcoins are going up and it is real. Traders sell their bitcoin for altcoin and vice versa. Bitcoin up altcoin down.
Now, it aint like that. With the amount of exchange to fiat currency growing and also with Tether in, everything changed just like that. An escape had been made and the price of it doesnt move. 1:1 to USD

It looks like your observations are very precise and similar in my analysis. That's the reason I observe the graph every day, so I think that under any circumstances bitcoin is the king of crypto. Thank you.

Yes, altcoins chart are also the same with bitcoin.
They are following bitcoin's chart and move.

That would be my reason to always hold bitcoin, because after all bitcoin is the key to all altcoins. So I think in the current conditions, everything is actually still and will look fine, even though the market is red. Bitcoin will still be number 1 and a choice for many people out there., 8)

Whatever up and down movement you see in the graph is just a real time price of the coins at that time. Maybe you haven't really studied those graphs carefully to understand them.

The main reason for this similarity is that all altcoins are depend on Bitcoin. That is why 99% of the altcoins have no worth against USD, so Satoshi is required to measure prices and this causes the graph to be the same.

That is why i always emphasise on the market volume it is one of the most important factor that drives the market and the prices and in the current slow market up and down in volume is what is driving the price up or down the market on its own seems confused at the moment.

Majority of the tokens and altcoins depends on BTC as their base. Like when BTC is up the tokens and altcoins are up and when its low the tokens and altcoins also will be low.

This is very logical, because Bitcoin has a life of its own, that is, it has an established structure, which is subject of study, has its phases of accumulation, trend and distribution, the altcoins depend directly and indirectly on bitcoin, any altcoin can be in trend bullish, for any reason, but if the bitcoin goes down in price, the altcoin immediately falls, this is because they do not have their own life, that is why some altcoins in their graphics are similar to bitcoin.

yeah definitely because that is what always happening  right now especially when bitcoin makes a dump and pump in the market .Which is  some specific altcoin is always following bitcoin movement immediatly ,even though the supplies came from different sources. Actually mostly ppl nowadays is very confused on this circumstance which is why this things always happen when BTC is suffering.

In my opinion, all coins have the same graph, which is up and down, when the green market certainly increases when the red market will decline, it is volatile and all of these are reasonable conditions, do not worry about the current market conditions because it's all time will return to normal

Depend how bitcoin price and how could growing up, without have higher price of bitcoin harder to get altcoin could be on higher price, many time we faced moment when bitcoin on higher price altcoin could be on higher price too.

It's already happen since long, did you just notice it? All that happen is when Bitcoin moves, then most of the altcoin will surely following that movement, better it's up or down, cause bitcoin still act as the mother of all altcoins.

That rithm is called a correlation between price and charts. Bitcoin's every movement affects to all cryptos and their values. Altcoins are depended on the price of eth and eth's price is usually depend on bitcoin price

Bitcoin's price is depend on other factors that can be manipulated easily,so the structure is a bit different than other altcoins. Some altcoins can't go away from being pump and dump, others are waiting for movement by top cryptos.

They said that it is the bart sympson market. Just like the head of bart sympson, the market is fluctuating tremendously up and down in a short span of time which the cause is unknown, I don't know why despite of the news about ethereum update, there is still nothing that is gaining. Still the market is not recovering.

There is nothing new about your observation, this as been happening since 2017 and will still continue to happen until we get another coin that can bring more value and trust than what bitcoin has brought to this community, that is only when we would be able to get a market which the price is not affected by bitcoin.

Once the price of bitcoin begins to dump, it is normal that altcoin prices will dump too.

This is the current scenario. There was a time though that many altcoins moves up when bitcoin goes down. Perhaps if more alts will have more fiat pairings, we'll see a different chart.

Most all charts follow Fibonacci fib lines. Give them an overlay on the bitcoin chart and you will be very surprised with the mathematical areas that you see. Same with most stocks and coins. A lot of bots run on % gains and moving averages. This helps to create the patterns of over bough and over sold which show up in the RSI indicator and MACD indicator. 

My understanding is the same as the above quoted message. This is the norm of Bitcoin and Altcoin price movement patterns if there aren’t any special events going on for specific coins.

no there has never been any similarities between bitcoin charts and altcoin charts. the only vague similarity that you may sometimes find between the two is the fact that without any exception each time bitcoin has dropped, altcoins got dumped hard. for example if bitcoin dropped 30% then altcoins got dumped 50% and more.

the other times, like when bitcoin rises, don't have any similarities with altcoins. for example when bitcoin rises 30%, altcoins can rise 5% or can even get dumped 20% and both has happened in the past. in fact the dump part is one of the most common ones since people cash out from altcoins to go back in bitcoin.

there is one exception and that is during reversals. for example when bitcoin drops 30%  (altcoins 50%) and then recovers 10%, altcoins in this only case can rise back up with bitcoin.

this is indeed the same graph, because we know if bitcoin still affects the altcoin price. so when bitcoin goes up altcoin will go up and when bitcoin goes down altcoin will go down. this has been proven for now.

I have same feeling with you . Looks like the history will repeat every time.
If bitcoin price repeat the history, the bull run will happen in last year of 2021.

This is the usual thing in my opinion. If you look at the chart, of course everyone doesn't really understand. But for the price of course everyone will understand. We make it easy, if bitcoin experiences an increase, surely everyone thinks altcoin will follow it. And that really happens, if bitcoin increases in price the altcoin will certainly follow it.

Very few altcoins have managed to decouple from price pairing with bitcoin. Only ripple has almost broken away but as bitcoin still controls the market ripple will eventually follow the trend

That is the reality that exists today in changing market conditions. Bitcoin will still be the goal of all existing altcoins and is always a priority for many in the crypto world. And it is indeed very logical. There is nothing wrong with choosing bitcoin as the right choice for long-term investment.

I think it might be awesome just for a beginner. All who have long been watching the cryptocurrency market, know that all altcoins are moving behind bitcoin. Therefore, such a picture was observed from the very beginning. But it is important to understand the market, now knowing that Bitcoin is growing, you will know that with altcoins the same thing happens.

Yes, I know it's been a long time ago. But does altcoin continue to follow the price of bitcoin until someday? Every coin should have its own price system with its users. ::)

Bitcoin and altcoins charts are identical, except for stable coins and it has always been so. Bitcoin is the main cryptocurrency for 10 years, for BTC you can buy any coin and the market always moves behind the king. While BTC will occupy the first place in capitalization, this will continue.

Therefore, most investors prefer to hold Bitcoin. If the Bitcoin price moves up or down, then all altcoins follow it. For some, this may be news, but the dominance of Bitcoin in the market is more than 50% and it is not surprising that it sets the dynamics in the cryptocurrency market.

I starting to lost count on how many times this kind of question has been asked.
Altcoin price will always be following Bitcoin price if they don't have any direct Fiat pair. And as we know that most of altcoins only has Bitcoin or Ethereum pair. Their price will always depend on bitcoin price. And it has been happening since the first altcoin is made.

Nothing's new here whenever bitcoin increases and so the altcoins are, however the amount in percentage increased on bitcoin does not the same with the altcoin's increase. You should not compare other altcoin with bitcoin since it has a huge value when being compare to some altcoin.

Alts going down whenever bitcoin is tanking is to be expected as all crypto are pegged to the latter. Moreover if bitcoin is down, alts will be several times lower, vice versa. This is because they are leveraging bitcoin. However this is not always the case. There is a time in 2017 when money form bitcoin flowed into alts. That was the time when the ICO market has become popular.

There has been a domino effect coming from bitcoin and these alts were always affected of its movement so don't think that it's very unusual if no one ever notices that.

Well, the price of cryptocurrency will keep fluctuating in the market because the nature of crypto is volatile.
What we know, the crypto market is still on bearish situation since 2018.
To be honest, i won't expect anymore bull run soon. The value of cryptocurrency will be depends on the demands of the users.

It looks almost the same and this bitcoin movement affects this, so we can see with a few changes but give better trust.
We need to learn well so that it is not too troubling and will be a valuable lesson and can make good decisions.

Well, I observed until now. But it doesn't grow to the maximum as I imagined. Even the price of bitcoin is difficult to rise above the price of $ 4000. While Altcoin experienced a pretty good growth, namely Ethereum and EOS. Do you think so? Thanks.

What can you think about it? At this point, it all depends on bitcoin. Since whales have invested very large amounts of money in bitcoin, they can easily manipulate the market by lowering and raising prices. Since other coins do not have the same strong capitalization and volumes in the market, they have to adjust - this is the law of the market.

Of course, all altcoin will move along Bitcoin, so you will see a chart of all altcoin that will be the same as the bitcoin chart. Very few altcoin cases go against bitcoin in this market

Not yet. But altcoin will grow as bitcoin, and it's only a matter of time before we could see the next rally. Right now, it is a good moment for altcoin to increase because bitcoin is not increasing significantly so maybe, in short, we will see some of the altcoins can make ATH again.

But before we can see this, I am afraid we need to see a correction of the price once again, but I am not sure because bitcoin seems wants to get down again this time.

Bitcoin prices represents the overall sentiment of the crypto market at the moment, that is why its movement will affect the entire market. As for individual projects, their prices moves based on the latest announcements, progress, development and news from the project themselves, so in some cases they will have price actions that are not connected to the overall market movements.

I see when the price of bitcoin rises, the prices of other altcoins also increase but not all altcoins follow the trend of the price of bitcoin, but unfortunately I see only a few% and more often down. I think the market is not yet significant, we must remain patient until the time comes.

I have long said that the cryptocurrency market is deliberately manipulated, it is noticeable to the naked eye. Because there is no simultaneous fall and growth of all coins. Moreover, the beginning of growth and decline occurs at the same time as a command from above.

Obviously it will show the same rhythm because in general altcoin prices will also follow Bitcoin if Bitcoin rises then the altcoin will rise because almost all altcoins have conversions with Bitcoin especially Bitcoin which is the main coin in the Crypto rhythm but will always be far away.

That's indeed just like when bitcoin gets a bearish trend and that just like give a command to the whole of crypto to do the same as bitcoin. There's not a growth that uses the performance of the platforms. All of pump and dump based on the bitcoin's command.