Bitcoin Forum

why bitcoin is up and the all others coin is still in same position

Taking a quick look at your favorite cryptocurrency price site(even just the top 10, minus the stablecoins), you'll immediately realize that it simply isn't the case.

https://i.imgur.com/lr6Emfq.png

https://coingecko.com/

No difference from the knowledge about your ordinary, market product, when you have a product/commodity in a market setting/expo and that product is has the highest of demands amongst other product so much that people are selling off other product to buy it, I think that at fixed supply -in Bitcoin case 21million- that product increase in price and the others may go down, stagnant or not increase as the more wanted product, its a plane example, Bitcoin is demanded more in crypto-currency, than the other alt-coins, did been on the market and ethereum had a good week don't follow too many alt-coins so I think Bitcoin and ethereum had an exciting week.

On the other hand, are you not paying attention or are you really not visiting the markets you use?
Look at the green color like a stretch of grass that spreads in the wind on the plains, breathe in the fresh air, hold for a moment and exhale. Open your eyes, sell at least 30% of your holdings, and keep the rest for future guarantees.

Here are some reasons of the recent trend I could think of but it doesn't mean it's real,
- ETH with the latest hardfork.
- BTC with the passing of the fear from the unlocking of Grayscale and other positive statement from "two-faced" Elon.
- Other cryptos carried by BTC's upward movement.

Are you talking about your shitcoins?

And it is not the case, all other major alt coins are also up, more than bitcoin (obviously, because they are more cheaper so regular and average investors and whales can pour so much money).

But in any case maybe majority of them are just being used for the usual purpose, pump and dump.

I think you should go back to your chat every other coin has risen except maybe your shit coin from which I don't know the smart chain network it is been built upon might still be down and if this be the case then you invested in the wrong project or you could still hold on to it a little while you invest in profitable projects.

There are some news that are positive lately that had brought bitcoin to go up and one of it is the news about Bakkt.

Do not expect that most of the altcoins are going with the same position as bitcoin. They are not correlated all of the time even though we see that sometimes they are.

Basically more investors and long term traders diverted their asset on bitcoin, that's how the reality of the market goes right now.
Altcoins maintained at current position, but also there's an amazing Future for them when btc holds it's stable position. Not all time btc is pumping, there's a perfect time for other coins too, we just have to wait patiently.

Op gives a wrong and twisted statement, try to look again at the market chart. every time the price of bitcoin goes up, some altcoins also go up and some others are still silent and don't go up with the bitcoin market. but the OP's question states for the whole altcoin, so I'm saying it's wrong.

This isn't the case in this view because you are using USD as the basis and we know that Bitcoin has grown so high in the past days. So even if the Bitcoin prices of certain altcoins remained the same or even decreased, their USD prices are still rising.

This is how the prices of top altcoins look like as of this posting from the point of view of Bitcoin and USD. There's definitely a significant difference. For example, the BTC prices of ADA, BNB, XRP, etc are all falling for the past 7 days but their USD prices are rising.

https://i.imgur.com/vhgepqs.png https://i.imgur.com/KBMt8mS.png

https://coingecko.com/

Literally the first coin in the screenshots(Ethereum) is up against bitcoin in the last 7 days by a not-so-high but significant margin; even DOGE and UNI. The argument in the first place is not that every altcoin is up against bitcoin, but some are.