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Author Topic: Bitcoin up altcoin dump  (Read 4902 times)
mamaya
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June 09, 2017, 02:32:06 PM
 #101

Its not that simple, there is an initial reaction yes but as soon as bitcoin has pumped for a day or two new money flows to alts and they are the ones that pump usually to the detriment of bitcoin.

Well I say that but the markets are more complex than simple explanations but that explains the basic forces that move the price.
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June 09, 2017, 02:44:58 PM
 #102

When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
That is most often happened in the altcoin when bitcoin increase. But not all altcoin is like that, like eth, xem, maid, bay, and there are few coins that are not dumping the price unlike other coins in the market. So if there are coins which you think is will get increase again you are free to do it, but of course be wise and be careful on buying it.
I agree with you, there are some altcoins that are not affected by the rise of bitcoin. Your opinion is good, i will try it another time.

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deddod
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June 09, 2017, 03:28:21 PM
 #103

Whenever Bitcoin price goes up it is for sure that it will affect altcoin in opposite way. What it means is altcoin will loose value dramatically because they become more costly to buy and you will loose profit in the process. So you better sell them immediately when the bitcoin jumps too high. Also, make a note that bitcoin may not remain that high for long. So you may wait.
Thank you for your advice. Your opinion will be my consideration in trading of bitcoin . But there's something interesting recently, when bitcoin up altcoin comes up  Cheesy

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deddod
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June 09, 2017, 03:32:52 PM
 #104

Whatever the price of BTC i think the majority of BTC is to hold. not trade for anything. the part of it that i choose to trade i do it for altcoins i believe do minimize the risk of holding worthless bags.
When BTC rises from $11000 to 2994, do you still hold altcoin? Shocked

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deddod
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June 09, 2017, 03:39:03 PM
 #105

I think you should hold onto your btc if you have any. Maybe liquidate a portion of your holdings if you're scared of a sudden dump. You definitely don't want to miss the next big pump
thanks for your suggest  Wink I will consider it  Smiley

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deddod
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June 09, 2017, 04:10:24 PM
 #106

So basically whenever bitcoin goes up, altcoin goes down and vice versa?
In my opinion, not always the altcoin Bitcoin rises down and vice versa, has occurred recently when bitcoin up and altcoin up.  Wink

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June 09, 2017, 04:20:48 PM
 #107

the markets are more complex than simple explanations but that explains the basic forces that move the price.
Yes, we will never get chances to fix the entire cryptocurrency market into one simple pattern. The recent market movements are good self-explanatory on this. Altcoins found up surges regardless of bitcoin's up or down movements. But there were old times when bitcoin was dominant in terms of share on total cryptocurrency market cap, at those times mostly altcoins found down fall when bitcoin rises.


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June 09, 2017, 04:49:41 PM
 #108

Sometimes such statements do not apply, because sometimes Bitcoin Up Alt is also Up. All of them sometimes depend on traders who panic.
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June 09, 2017, 05:15:32 PM
 #109

Sometimes such statements do not apply, because sometimes Bitcoin Up Alt is also Up. All of them sometimes depend on traders who panic.
Every thing in trading is depends also in demand and supply.. where the price was increased.. but trading bitcoin to altcoin or altcoin to bitcoin has a good potencial that you can gain more profit than staying in one coin this is just base what im experience in trading..  because altcoin also have fast movement of the price and bitcoin and slow price increased..

Burst price increase is coming. Keep HODL and wait for massive adoption.
Keep your self anonymous mixers is going to be broken soon.
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June 09, 2017, 07:45:21 PM
 #110

Sometimes such statements do not apply, because sometimes Bitcoin Up Alt is also Up. All of them sometimes depend on traders who panic.
Every thing in trading is depends also in demand and supply.. where the price was increased.. but trading bitcoin to altcoin or altcoin to bitcoin has a good potencial that you can gain more profit than staying in one coin this is just base what im experience in trading..  because altcoin also have fast movement of the price and bitcoin and slow price increased..
yes and I think the demand of bitcoin is increasing from time to time, because more and more people are getting awareness about bitcoin and the benefits of bitcoin are compelling them to enter the world of  bitcoin, which is increasing the denand of bitcoin and so the supply is decreasing and altimately the price of bitcoin is also increasing. I am sure that in future the price of bitcoin will increase more because still less than 2% people of the world are using bitcoin.
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June 09, 2017, 07:58:53 PM
 #111

Sometimes such statements do not apply, because sometimes Bitcoin Up Alt is also Up. All of them sometimes depend on traders who panic.
Every thing in trading is depends also in demand and supply.. where the price was increased.. but trading bitcoin to altcoin or altcoin to bitcoin has a good potencial that you can gain more profit than staying in one coin this is just base what im experience in trading..  because altcoin also have fast movement of the price and bitcoin and slow price increased..
yes and I think the demand of bitcoin is increasing from time to time, because more and more people are getting awareness about bitcoin and the benefits of bitcoin are compelling them to enter the world of  bitcoin, which is increasing the denand of bitcoin and so the supply is decreasing and altimately the price of bitcoin is also increasing. I am sure that in future the price of bitcoin will increase more because still less than 2% people of the world are using bitcoin.
As far as I understand all this kitchen in Bitcoin, only we, the users of crypto currency, can make Bitcoin more popular and popular in the world. Only in this way will we be able to achieve legalization of the crypto currency and increase the demand for this kind of activity.

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June 09, 2017, 08:00:43 PM
 #112

It's funny how when bitcoin goes up some altcoins crash (showing their true value) while others go up with bitcoin because the exchanges list them in terms of how many satoshis it takes to buy them so some people don't even notice that they actually just went from a 3 cent shitcoin to a 2 and a half cent shitcoin lol.
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June 09, 2017, 10:56:26 PM
 #113

Sometimes such statements do not apply, because sometimes Bitcoin Up Alt is also Up. All of them sometimes depend on traders who panic.
You are right. It is the same which occurred in the previous month. In the previous month a large number of altcoins increased in their price when bitcoin was also increasing in its price. That happens when the investors do not withdraw their money from other coins and invest their other fiat in crypto currencies.
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June 09, 2017, 11:48:30 PM
 #114

Theoretically it is true, when bitcoin up the alt coin price will down, but I will more suggest to not using bitcoin price to buy alt coin, alt coin got its own market it is not dependant on bitcoin, see the potential of the coin when you want to buy the coin and see the transaction volume, don't based on bitcoin price
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June 10, 2017, 04:20:47 PM
 #115

When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh

For some altcoin dump their price, but also any altcoin rising their price from 1 sat to 7 sat
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June 10, 2017, 05:14:20 PM
 #116

When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh

As the btc price has been rising, the alts have also gone crazy and are finally taking off just the way btc has been doing.
Altcoins are making their new highs and its not stopping here at once, they are doing it even twice and thrice. And it's still gone risky and unpredictable that which alt may get dumped down when.

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June 16, 2017, 04:00:49 PM
 #117

When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
Yes, this can't be deny due to its always happen most of the time, but when there is dropping the price value happen well, expect also for the coming increase again the original price or more of it.

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CyberKuro
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June 16, 2017, 04:20:05 PM
 #118

When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
Yes, this can't be deny due to its always happen most of the time, but when there is dropping the price value happen well, expect also for the coming increase again the original price or more of it.

But there was a time when bitcoin price increase in rally (last month) but other altcoins followed it up as well. Everyone who interested in crypto world might be invested huge amount of money to bought it. However, after rises, there will be always correction due to investors/people want to get profits from high price of cryptocurrencies. So, whenever you think bitcoin price rise and altcoins dump, don't sell bitcoin instead of convert it into altcoins that you think it will increase, but if you don't know which coin, better stick to bitcoin.
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June 16, 2017, 04:42:38 PM
 #119

When the btc price goes up, what is now a good time to buy altcoin or sell bitcoin? Huh
my strategy in trading altcoins is very simple. I do buy altcoins when it price has retrace to a Fibonacci level and my second test is to see that bitcoin price is at the highest level. When bitcoin is very expensive and altcoins is cheap that is the best time to buy.



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darthmaul
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June 16, 2017, 05:09:12 PM
 #120

You are true about bitcoin and altcoin relation where they are inversely related. But it is not always true for few of the coins out there. Some of them are new in the market and get lots of investors to try them out, this gives them gain in value and they start pumping. In such a case they wont get affected even though bitcoin price is moving up or down. You can try this one on any exchange site keeping in mind that the coin you looking at is completely new and being hot in the list for investment opportunities. So, its all about personal experience.
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