Bitcoin Forum

In the past few days, btc has been hovering around 7800 usd, and all the altcoins have begun to rise. What is the reason for this?

Well bitcoin not was so stable, but i think the altcoin grow because people start buy some altcoins and i think they bring new money and not convert their bitcoin for altcoins, but i think we are still far from a bull run.

The definitions of stable have been updated?

Bitcoin has just swung over 100% in a couple of months.

That's not being stable at all.

It was predictable that after BTC other altcoins would pump.

I think BAT for instance is ripe for a major pump soon.

I guess there is no exact reason why bitcoin price has up and down many times, and it's happening in every day. The altcoin will follow wherever bitcoin moves and many of them still increase even if bitcoin price is down. But some of the altcoins will following bitcoin to get down and waiting for the next moment to increase again. And now, bitcoin price has increased again and the altcoin following to increase too, and we see the market will make another green candle again.

As BTC began to consolidate, this means that some traders take profits. Perhaps part of the profit goes to altcoins, which creates a rise in prices. This is hardly new money, because there is not so much hype for attracting new money.

Bitcoin value fluctuating in the marketplace and seems grabbing good value in coming days.

I wish bitcoin should not be stable at all.
This coin always needs to grow in the market and we need to have the market volume and demand should play big role to increase the price and we all need to grow the value.

Such things happen for a shorter time. Bitcoin always leads on change on every bull and bear market and as its price gets stable, rapid change starts in altcoins. One of the reasons for it might be the bitcoin acting as the main currency pair. When bitcoin is increasing, people don't buy alts with bitcoin but while it gets stable, they start buying altcoins and vice versa.

Investors diverting their assets making some movements that will allow their investment to grow by playing with respective Alts that they've seeing potentials, a good way to make your Bitcoin grow is by reinvesting it to alts and move it back when Bitcoin start to mooning again.

To me I don't see the price of BTC as being stable alts I have in my bag such as PTOY, SRN, HMQ and GO hasn't made any significant move in price for days now. If Alts are to pump, Btc rally needs to stabilize as has always been the process.

BTC is not so stable as you mention here. The price has been fluctuating from $7500 to $8000. Though this movement is continuous from past few days I wouldn't call it to be stable.
BTC has just started gaining momentum and had faced a minor correction now. It surely needs time before it could start the next rally.
From bitcoin's history we could make out that it has faced a correction every time when a bull run has occurred . The altcoin's are pumping because the traders are moving from and into it simultaneously.
While some traders are selling btc to buy back alts at less price some are moving money from fiat to btc and btc to altcoins.
May be this is the reason why BTC is fluctuating between $7500 - $8000 and the alts are pumping.

That's the nature of cryptocurrency market it's can be unpredictable, but in checking the market now bitcoin seems to have started increasing and has beating the $8k mark this can still go the negative side in the next minute or even a higher positive side

You understand part of the rules of this market. Because almost altcoins only have trading pair with BTC, their prices depend very much on the price of BTC. Therefore, only when the BTC price is stable, Altcoins will pump.

I'm not entirely sure what the OP is even referring to. BTC hasn't exactly been stable and alt season
hasn't really arrived yet.

Alts go up when btc goes up, in fiat, due to alts being tied to btc value in most markets. But that's common
sense. When btc is truly stable is when alts hopefully do their own bull run and outpace btc.

Stable? When does Bitcoin became stable? Well, that was so uncommon scenario if that really happens to Bitcoin. As far as I know, Bitcoin and Altcoins were known for its volatility. I think, you can't just recognize the movement in Bitcoin because compared to Altcoin, Bitcoin have larger value so the difference of the change is quite little in term of figures.

A very logical reason is that many investors have started to buy BTC and some altcoins, so the price increase movement is very visible, because not all altcoins have the same increase.

I think that as prices continue to improve in the crypto market, the altcoin price also rises. While Bitcoin also starts to rise above the price of $ 8000. There is nothing strange when the market is green like now, because the bear season has passed. Welcome to bullrun.

Lots of pump-and-dump on altcoin market while bitcoin remains calm and waiting for another break out run. And speaking of run, it looks like the price goes above $8k again. It's a good indication that we are still in the bullish trend. So altcoin market is also benefiting from it, which is good but don't be reckless though, you might get REKT, just saying.

They simply did not initially expect such a sharp rise in Bitcoin and did not have time for its pace. Now they are starting to catch up with their course on Bitcoin. So all is well)

Altcoins do not always accurately copy bitcoin movements. They are sometimes late and this is practically commonplace. Some altcoins sometimes behave non-standardly for a while. Therefore, you should not be surprised. Now Bitcoin has again begun to grow in price, once again it has overcome the barrier of $ 8,000 and almost all the Altcoins turned green again. Most likely, this time it will reach 9000 dollars.

This sentence makes sense only for a short period of time. BTC stays stable not more than for a week, especially right now, the price is jumping +-500$. This means we have short altseasons.

Most times, the growth of bitcoin and altcoins does not happen simultaneously. Only newbies might not understand the basic concept behind this, because it happens at different times and for a purpose known mainly for profit making. Presently, everything seems to be growing, but we might have another digressive growth soon.

Of course, that is a common reason and its a normal thing for  acrypto market. When the bitcoin pump, altcoin dump because of it, while bitcoin stable, altcoin pump. Pretty easy to understand huh?

Sometimes it's not like that either. Usually Bitcoin experiences altcoin increases will follow too, but not as fast as bitcoin increases. Actually it doesn't matter if the altcoin experiences a steady increase and bitcoin, of course there is still no problem except when the altcoin increases and bitcoin decreases it certainly must be questioned.

i just feel it is a normal occurrence and even it can happen otherwise as bitcoin is pumping but even altcoins are down, this i feel is a different market sentiment that makes the market very fluctuating which makes it difficult to predict

It's market sentiment, btc pumps/dumps — altcoins will dump, if it goes sideways alt coins will pump.

I think the main reason of that continue rise of bitcoin and altcoin is number of inventors that are now investing in crypto especially in bitcoin and altcoin so the demand will be increase that may affect the bitcoin an altcoun's price. And I see also the reason that many merchant are now accepting crypto as a payment that are enhance the marketing purpose of crypto.

Bitcoin pump altcoin dump, Bitcoin dump altcoin also dump this is the scenario happen in the last price action of Bitcoin but right now its good to see some pump up of altcoin this is happen because of price correction I will be happy if altcoin will fallow the bull run of Bitcoin but right its not the same direction.

As every one knows BTC is core for all crypto trading and as Bitcoin stabilize all other altcoins also start rising so you can say altcoins are directly proportional to Bitcoin.

A very plain reason that I'm believing which we're going out of the bear season.
No more any other reason except those money coming in from different institutions.
I wanted to see more of it as we wait for the bull run.
Stock up your portfolio's now before it's too late.

I think when bitcoin will rise and altcoins also has been affected of bitcoin rising up the price and also the investors are converting to buy more altcoins since the pairing of altcoins and bitcoin is been so good and have high value because of bitcoin price high.

This is normal market behavior.We have seen before that after bitcoin stop the bullrun and get stable, altcoin started to raise. After 2017 bullrun, we also have observed the same behavior.

Mostly, altcoin price following bitcoin price. If bitcoin price rising, the calculation on sats value will increase and makes altcoin price following bitcoin price. Its because bitcoin is main cryptocurrency and base currency pairs in many exchangers

Im sorry but i find the question offensive . You sure that btc is stable and alts are pumping ?  Actually btc is not consider a stable coin but btc is a high  volatile coin . Not only that but btc is also the one that is pumping right now .  Altcoins in a nutshell are the ones that are stable and less volatile  . Currently the status of altcoins are still dump but only few alts have followed the path of bitcoins  .

If bitcoin price could stable for a while in one level and the altcoin can increase, then it would be good for us because we can make a profit in bitcoin and we collect more bitcoin to our wallet. And when bitcoin price increases, we will make a lot of money because we have more bitcoin in the wallet. We already saw this happen and although right now, the altcoin is not getting pump too high, soon the altcoin will following bitcoin to increases.

Bitcoin even had time to float to 8000 USD which means crypto growth will happen again like in 2017, I'm sure this will slowly grow so the market will come back crowded by investors who are asleep.

the reason is because this has ALWAYS been the pattern while people want to remain in denial.

when bitcoin rises, altcoins get dumped.
when bitcoin falls, altcoins get dumped more.
and when like now, bitcoin is stable, altcoins get pumped.

the reason for that is because of the way people truly think about bitcoin and altcoins despite what they publicly might say. what they truly think is that they believe in bitcoin while they have no faith in altcoins. all they want from altcoins is profit on their bitcoin stash which is why they always dump altcoins while bitcoin is making a big move and that is why they move to altcoins to make profit by pumping them while bitcoin is not making any move.

It always been that ways since the rising number of alts, the trade pressure on alts are weaker than main coins thats why they are going to rise/fall pretty quickly when BTC is going up. Moneys flowing in benefits strong alts alot. The reason of such IMO is pretty simply, this trend is repetitive, thus traders have weaker hands in buying or selling. Stable bitcoin raise confident for people to buy others as they are trying to avoid heavy dumps when somehow bitcoin bears a little. Nature view of profiting when there's no regulations, and market opens 24/7

It is a normal thing that have been happening in the crypto space from the time I joined the market, anytime the price of bitcoin begins to moon, the price of altcoins also moon along with bitcoin, also anytime the price of bitcoin is static, the price of altcoins still continues to moon, the only time that we might not see altcoin mooning is when we begin to see a dump in the price of bitcoin because it just seems as if the market is following bitcoin trend and will always move the way bitcoin move except when the price is static.

BTC is very unstable. No cryptocurrency is stable at all. The market has not stabilized yet and it is very dynamic. But while the price of bitcoin is increasing this trend will be supported by all other altcoins. This situation will not last forever. And someday it will end. And bitcoin will be thrown out of the market because of its primitive functionality.

It is crypto 101.

When btc dumps or pumps, alts dumps. And when btc become stable alts start pumping.

Still, even with that explanation, i don't think alts are pumping right now. Maybe because people expecting btc pump (some expect 10k) or dump (some expect return to 5k) and they are not buying alts.

The simple reason I think is the tendency to gradually return when sharks collect BTC and altcoin top at cheap prices earlier this year. When people are scared, they collect and buy when they feel they will pump them up to take profits

Would you like to know the cool tricks at this moment to earn much on the bitcoin's market today? Well, what I can teach you is that, today is weekend again and weekend are the peeks where we are active on the market, meaning to say that the bitcoin's market price is always increasing at this moment in which we need to be aware about.

Well this is normal for cryptocurrencies I think that if bitcoin rise and stable then the altcoins will follow to rise.

There's always an inverse relationship between the value of Bitcoin and other altcoin. In most cases, when the value of Bitcoin is rising, that of altcoin tend to drop. The simple reason is because most traders dump their as altcoin to hold bitcoin Inorder to benefit from the increasing value.

So far Bitcoin was 8037$ according to the market https://coinmarketcap.com/currencies/bitcoin/, were most of the altcoins are dumped its price in the market. We all knew that when Bitcoin goes up in the market majority of the altcoins are dumped there price too, then when it go down vice versa altcoins goes up just simple as that though few of the altcoins are also kicking its value while Bitcoin price was also bouncing its price too.

Technically, a Bull Run would start when Bitcoin rallies and because of their direct correlation, altcoin prices tend to follow suit. On the flip side, if BTC rallies at the expense of altcoins, then decoupling is yet to take place, and winter is not yet over.

When bitcoin price looks stable, altcoin price rising but bitcoin marketcap dominance will decrease. Right now, bitcoin dominance still above 50% and i think in near future could decrease below 50% when altseason coming

Bitcoin and some other established cryptocurrencies were doing the rally all this while. It's probably the turn of altcoins to make moves too. Or maybe some whales are just pumping the altcoins

Bitcoin performed well in last few days, it is a time for price stabilization and in this mean time altcoins could grow.

Where did you see stability here? For a very long time people have seen a mad decline in prices and the ambiguity of various projects. Today it is impossible to speak about any stability.

Bitcoin has been the synonym for a long time now and keeps more than 50% of total valuation of Cryptocurrency. 57% at the moment to be exact. The total valuation of Bitcoin is larger than the value of sum of every other crypto available.

Do not judge this situation taking into account several days. Check the graphs of the cryptocurrencies you work, for the last 3-4 months at least. You will see that Bitcoin was the leader all the time. However, certain cheap alts really jumped high.

The reason is because industry players or businesses have been entered into crypto by making lots of purchases in some good altcoins including bitcoin, they may have started to believe in the future of crypto so they are brave enough to risk trading.

I have observed this trend as it applies to bitcoin and altcoin characteristics, It happens that when btc pumps alts rallies a little, remain steady or dump but after btc pump alts follow. Have used this behavior to make certain trade decisions and it works most time.

The price increase of the crypto currency is greatly influenced by our active role. The more we actively contribute to the crypto currency market, the price of the crypto currency gets better. I am sure that all crypto currency players are aware of the importance of the active role they need to play in order for the market to improve soon. All crypto currency partners contribute and play actively in the market so that the market is increasingly crowded and public trust is increasing. This is what causes the crypto currency price movements to be more active and prices to rise.

I don't see the start of the increase in the price of bitcoin, even now I see the altcoin price is down while the price of bitcoin is rising

Basically, altcoins almost always follow bitcoin. Although the crypto market is unpredictable, it still has a certain cyclicity. And we can see that from time to time the growth of bitcoin provokes the growth of other altcoins.

And now BTC is around 8800$ and has been around that point, many altcoins are red right now, although few doing well. For now I hold more BTC, looks bullish. Few altcoins like ETH, TRX, BTT, MCO and others are experiencing an uptrend. With regards your question, I have no idea why.

I asked this same question every day, and I started to investigate and discovered the main reason why the price is increasing, and it is due to the fact that large volumes of purchases have occurred, which has apparently made it a new type of investors who were not before, because when I reviewed the order book I realized that the prices increase and the purchases are very large, making the price does not recede but on the contrary it remains lateralized and has a slight bullish tendency despite that we are in the accumulation phase.

In general, the current growth of the crypto market behaves strangely. Usually, with the growth of Bitcoin, the prices of most Altcoins fall down, this has already happened many times. However, now when Bitcoin rises in price, many altcoins immediately grow with it. There was no such situation before, and it causes great interest. Until the end of May, Bitcoin must overcome the price level of $ 9,000.

I believe that the crypto market has already passed the phase of a major fall and now it’s time to return confidence and interest in riptocurrency. You understand that only stable growth can return and increase the attention of the community, which means in the end we will be able to get the expected flight to the moon by all. Right now we can observe the growth of BTC and other altcoins, as well as in parallel, the emergence of positive information that will further stir up interest from the community.

for reasons that I don't know, but in my opinion, there is a possibility that the price increase will be caused by crypto experts who made news about crypto and maybe that makes many people interested in buying crypto, so the more people buy, the price movements will also go on and maybe this will happen the saturation effect of the bear market last year of course who wants cryptocurrency to be in the bear market continues? , the rest, maybe because there are no dramas performed by sec or hackers like cryptopia hackers who take advantage of an insane amount.

There is some much money entering into the space and people are gaining confidence that the upward trend is going to continue and so are also taking options with altcoins ( which are likely to grow faster in price). Bitcoin dominance dropped a bit to about 57 from almost 61 percent just a while ago

I am not thinking about what is the reason for bitcoin and altcoin increases in these few days because I think I cannot find the right reason.
So I let it like that and I better to search my own profit from the increases so I can trade and search the profitable coins to make a profit.
If you want to search the right reason, I don't think you will get the right because I am sure that there is more than one reason that could explain why the bitcoin and altcoin price increases and it needs more time to figure out the reason.

Saya tidak tahu apa yang mempengaruhi pasar pada pertengahan tahun ini, semua koin hampir meningkat, yang cukup baik dan bagi saya sendiri dalam penguatan kemarin saya cukup puas karena saya mulai berinvestasi awal tahun ini dan terbayar di tengah tahun ini.

Often during a bullish market whilst Bitcoin consolidates traders and investors turn their attention to alternatives, especially if they have dipped due to recent profit taking which can provide great buying opportunities for any top ranked assets that have under performed over the last few weeks especially if they have demonstrated good performance in previous market uptrends

Cryptocurrency continues to evolve and therefore its price continues to grow. In addition, the cryptocurrency market develops cyclically, after a long period of stagnation, there is always a period of growth. Therefore, now we are seeing a moderate growth in the cryptocurrency market. After such a longest period of a bear market, a sharp rise in prices, we are unlikely to see, the current growth is just the best.