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Author Topic: Why doesn't bitcoin go up higher percentages like altcoins?  (Read 687 times)
Samandra
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September 03, 2021, 06:26:56 AM
 #81

Altcoins increase from the lowest price at the beginning. When more people buy, they will increase the price according to demand, which will show a high upward trend.
The price of Bitcoin has risen a lot since its appearance, and now its price is very high and its market value is relatively large, it is difficult for this high-priced currency to show a big upward trend.
swiftbits
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September 05, 2021, 01:53:21 PM
 #82

You are probably comparing Bitcoin to hype coins from some chain where more investors are only aiming for a short-term profit. They will shill the coin until they earn an incredible increase, and they will eventually plan for a safe exit.

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Kiley33
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September 06, 2021, 03:43:25 AM
 #83

You can see the percentage of Bitcoin from the beginning to the present.
You see how much of the altcoins with relatively large gains are still alive.
If you want Bitcoin to increase more, then you can use more funds to trade Bitcoin.
Cindella
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September 07, 2021, 03:08:54 AM
 #84

Bitcoin has a dominant position in the crypto market. Its trading volume and market value are high, and it is difficult to achieve a substantial price increase.
Altcoins generally have a low initial price, they will be easier to manipulate and the price increase will be high. However, the price of altcoins generally also changes with the price of Bitcoin.
Jasper HODL
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September 07, 2021, 03:19:00 AM
 #85

On the contrary, when Bitcoin fell, altcoins also fell more rapidly than Bitcoin. Compared to Bitcoin, investing in altcoins is a high-risk and high-yield investment choice. At the same time, investing in altcoins also needs to pay attention to the risks caused by insufficient decentralization, while investing in Bitcoin does not need to consider these issues.
lumierre
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September 07, 2021, 03:36:18 AM
 #86

With some coins going up 50% or even l00% in a day or few days or in a week... any reason why bitcoin doesn't do that almost ever?  Look at binance coin and many of those other coins that are literally doubling in a week.  Now the btc dominance is going so low.  And even when btc goes up... you don't ever see it going up that much percent in a week.  I mean... its rare to see bitcoin say go up 50% in a week yet tons of altcoins do it.

The answer is very simple: such a big growth can have those altcoins that have low market cap and at one moment demand is much higher than supply. Talking about bitcoin, it already has a big number of holders and it doesn't have such sharp jumps in demand over supply. Moreover, when bitcoin grows too high, many traders open a short position which also puts pressure on the price.

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pergola
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September 07, 2021, 05:23:01 PM
 #87

The capitalization of Bitcoin is huge and it takes a lot of money to make it appreciate like altcoins. If we compare capitalization and trading volume, we will see a significant difference. If you want to double Bitcoin, it will take hundreds of billions of dollars to buy, but with altcoins, it will be easier.

James Watson
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September 09, 2021, 08:04:16 AM
 #88

The reason why Bitcoin does not see a higher percentage increase is that the value of Bitcoin has become more stable and it is not easy to be disturbed by giant whales. It is very easy to achieve a 50% increase in a day with a large number of altcoins. However, after a large number of altcoins are abandoned by the giant whale, the risks and benefits are at the same time. The higher the short-term benefits, the greater the risk. Therefore, the stability of btc will also make the risk of users who invest in btc become very small!
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