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Author Topic: Why altcoin prices down when bitcoin up.  (Read 6478 times)
Ayers
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May 22, 2017, 10:54:27 AM
 #81

Bitcoin grows, people sell alts. Bitcoin drops, people sell btc. Right?

no i don't think it work in that way, i think when bitcoin grow is because more people outside of this world ar ebuying, so more fiat in bitcoin get in, when bitcoin drop soem money are moving to alt yes, but to buy altcoin you need bitcoin, and to buy bitcoin you need fiat, so if you see a pump on all altcoin, you also see a pump on bitcoin first because you can't get altcoin with fiat, which is what is happening now i think
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May 22, 2017, 04:28:45 PM
 #82

i'm begin. what happen !   Huh Huh

This is nothing special. For example btc is the common currency of all people and very many people use btc coins. All the altcoin are worth the value of btc. As btc prices increase, the price of altcoin will be lowered to the value of btc.
But now I see that there is a btc currency that is not influenced by eth. I think it will soon be the second btc after bitcoin: D


     
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Inkdatar
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May 22, 2017, 05:01:58 PM
 #83

For me I think altcoin price dump when bitcoin is rising because their is massive buying and adoption of bitcoin. While altcoin is less popular than bitcoin. Nowadays bitcoin is the top leading cryptocurrency and eays to exchange to fiat thats why people most use bitcoin than altcoin.

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mudasarali43
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July 17, 2017, 06:16:56 PM
 #84

When altcoin price down by bitcoin up traders are buying bitcoins and sell altcoin this make decrese of down in price of altcoins

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July 17, 2017, 07:03:11 PM
 #85

For me I think altcoin price dump when bitcoin is rising because their is massive buying and adoption of bitcoin. While altcoin is less popular than bitcoin. Nowadays bitcoin is the top leading cryptocurrency and eays to exchange to fiat thats why people most use bitcoin than altcoin.

I agree with you that in the case of large bitcoin purchases and large adoptions will certainly have a price reduction to altcoin, since altcoin is not as popular as bitcoin, and most people will always trade with altcoin at a time when bitcoin prices are rising.

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July 17, 2017, 08:55:08 PM
 #86

It is because Bitcoin is a father of all altcoins and whenever there is a move in bitcoin it effects the other altcoins because when people see bitcoin is going up they sell their altcoins and go in bitcoin to get profit that is why altcoins price goes down most of the time when bitcoin price goes up.

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July 18, 2017, 10:32:27 AM
 #87

Does the user factor affect the value of bitcoin or altcoin as well? I'm still a newbie, so I do not know the details of bitcoin or altcoin value and that affect it.

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July 18, 2017, 10:53:12 AM
 #88

Does the user factor affect the value of bitcoin or altcoin as well? I'm still a newbie, so I do not know the details of bitcoin or altcoin value and that affect it.
The mentality of trader on market in present is one of factors make the price falldown like now, they always scared status SegWit2x Bitcoin and even though the price Bitcoin up or down, altcoin just down and down! But in past week have some recovery but I don't know this is really recovery or trap.

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July 22, 2017, 08:42:18 AM
 #89

'cause people sell alt for btc. that's why.

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July 22, 2017, 09:03:41 AM
 #90

For me I think altcoin price dump when bitcoin is rising because their is massive buying and adoption of bitcoin. While altcoin is less popular than bitcoin. Nowadays bitcoin is the top leading cryptocurrency and eays to exchange to fiat thats why people most use bitcoin than altcoin.

I agree with you that in the case of large bitcoin purchases and large adoptions will certainly have a price reduction to altcoin, since altcoin is not as popular as bitcoin, and most people will always trade with altcoin at a time when bitcoin prices are rising.

So if there is a change in bitcoin it truly affects altcoin cause bitcoin is the maybe the most highest coin of all and when there is a price change it truly affects altcoin too maybe its because of panic selling and now it never back.

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July 22, 2017, 09:42:48 AM
 #91

i'm begin. what happen !   Huh Huh
We can assume that traders or investors sell their altcoin if its price pump to get bitcoin. After that converting into fiat is next. thats why it becomes cheaper. When altcoin price dump, then it happen alternatively.
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July 22, 2017, 10:08:06 AM
 #92

Bitcoin entering beast mode.

I think maybe the next interesting phase for altcoins will be when Poloniex lists a bunch of new coins in the coming months. At least I assume they will. Would be the best way to jumpstart the dropping altcoin volumes.
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July 22, 2017, 10:24:17 AM
 #93

I think all the altcoins are dependent on Bitcoin because Bitcoin can adjust all markets in cryptocurrency. If Bitcoin prices are down they will invest a lot in altcoin, but if Bitcoin increases they will sell altcoin to buy Bitcoin.

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July 22, 2017, 10:37:47 AM
 #94

i'm begin. what happen !   Huh Huh
We can assume that traders or investors sell their altcoin if its price pump to get bitcoin. After that converting into fiat is next. thats why it becomes cheaper. When altcoin price dump, then it happen alternatively.

It will depend on the number of users of altcoins and bitcoin, who buys more at that time maybe. Sometimes they both in ups or in down but things like this like they were not in the same trend were eventually can happen.

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