Bitcoin up altcoin dump

[xianbits]

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

I would say, buy altcoin and hold some bitcoin. Most altcoins now are too cheap making it the best time to buy them. Though bitcoin has already reached another ATH in the past week, I can see that it is not yet the very peak of bitcoin. That it would still go up as what other bitcoin enthusiast are saying so better hold some bitcoin.

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[coynedterm]

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

I think buying altcoin is more better currently because we have the surity that once if we sell the Bitcoin 
Then it will again go down and will came up high price , But if we bought the altcoin then after the down in the price of the Bitcoin it will goes increase according to the value and also according to the demand  .
So here we can make more profit with the Bitcoin/altcoin buy then sell .
But if you have need to sell the Bitcoin for the money then ofcourse you should
Sell your Bitcoin in small amount ,So that you don't need to sell your Bitcoin at low price in the
Future during emergency need of the money .

[Humanxlemming]

So basically whenever bitcoin goes up, altcoin goes down and vice versa?

Yes technically if bitcoin goes up. Then we can say that many altcoins would goes dump becuase of many trades selling their altcoin and will affect theprice of it. And they will buy bitcoin as soon as it's lower and sell it high. So after bitcoin pump they will their bitcoins in higher and buying many altcoins that have affect in bitcoin pump

[gilangIDR]

I think buying altcoin is the right choice when bitcoin prices increase. We know that the price of altcoin must have decreased quite high when it happened. We should not be afraid of losses because most dev altcoin will pump their coins. It can make us profit.

[RealPhotoshoper]

So basically whenever bitcoin goes up, altcoin goes down and vice versa?

Yes technically if bitcoin goes up. Then we can say that many altcoins would goes dump becuase of many trades selling their altcoin and will affect theprice of it. And they will buy bitcoin as soon as it's lower and sell it high. So after bitcoin pump they will their bitcoins in higher and buying many altcoins that have affect in bitcoin pump

It is not as simple as the thread title said .
Actually the cryptocurrency market is so complicated to understand and hard to predicted.
I can say it is feel like random market and even manipulateable , so the topic is wrong for me personally.

[Vika0170]

So basically whenever bitcoin goes up, altcoin goes down and vice versa?

Yes technically if bitcoin goes up. Then we can say that many altcoins would goes dump becuase of many trades selling their altcoin and will affect theprice of it. And they will buy bitcoin as soon as it's lower and sell it high. So after bitcoin pump they will their bitcoins in higher and buying many altcoins that have affect in bitcoin pump

You noticed that during the last sharp rise in bitcoin prices, the situation was different. Alternative coins grew with bitcoin. I was alarmed by this fact

[buwaytress]

You noticed that during the last sharp rise in bitcoin prices, the situation was different. Alternative coins grew with bitcoin. I was alarmed by this fact

I didn't pay much attention to most of the alts during the past 2 weeks (or rather, a week from the middle of May) but I also noticed Doge bucking this trend. It had always more or less kept trajectory with BTC in terms of fiat value, but while BTC was climbing to new ATHs, Doge was not only doing the same, but increasing in BTC value as well. I am now finding out that many alts rose in values greater than that of Bitcoin (percentage-wise).

I have theories but no evidence about why this is happening. Influx of new crypto users is the only reasonably sound answer, I'd say.

[rickadone]

Actually the cryptocurrency market is so complicated to understand and hard to predicted.
I can say it is feel like random market and even manipulateable , so the topic is wrong for me personally.

Yes when there will be more possibility of manipulations, I guess we cannot expect any specific patterns to happen all the times. I mean to say we cannot expect all the times bitcoin and altcoins to be get traded in opposite directions. Because there are occasions where few of altcoins that being traded in same directions and in some other occasions just the resiprocal was happening.

The prime reason for this must be insiders and their heavy manipulations. Random movements must be the right term to be called for these markets.

[Razzoel]

Actually the cryptocurrency market is so complicated to understand and hard to predicted.
I can say it is feel like random market and even manipulateable , so the topic is wrong for me personally.

Yes when there will be more possibility of manipulations, I guess we cannot expect any specific patterns to happen all the times. I mean to say we cannot expect all the times bitcoin and altcoins to be get traded in opposite directions. Because there are occasions where few of altcoins that being traded in same directions and in some other occasions just the resiprocal was happening.

The prime reason for this must be insiders and their heavy manipulations. Random movements must be the right term to be called for these markets.

Insiders for cryptocurrency is unlikely. There are too many factors that go contribute to bitcoin price movements, unlike the stock market where someone can have access to quarterly reports ahead of the public. I'd be more scared of pump and dump groups manipulating the market.

[gabmen]

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

Well i think once you're already comfortable with your earnings, it would be a good time to sell. Though it has been proven that holding on for a long time can give you higher earnings, sometimes you have to feel first if you are ready and contented with what you've earned. Especially now that btc ptices are high, its almost certain that all of us already profited. So it would be up to you if you're already happy with that earning or hold and be patient if you want bigger earnings

[jorneyflair]

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

That actually depends on your style of investing, because if you prefer to just book your profits from bitcoin then selling a big part of the funds stocked in BTC is a good idea.
However, considering that some altcoins are extremely cheap right now thanks to such a big price surge, you may just use this occasion to get even greater profits than just from selling Satoshi Nakamoto coin: but that is actually really risky: you need to remember that altcoin price is being influenced also by BTC price and after all, the volume is smaller so  the movements on the price are even bigger than on bitcoin, if you just look at the daily changes given in %.

If you have some free btc that you are not going to use, then buy a little bit of other alts, some of them are really cheap so consider it as a good occasion to get some small returns.

[el kaka22]

So basically whenever bitcoin goes up, altcoin goes down and vice versa?

Yes that's quite a good observation and there is a logic too behind it. Altcoins have a market swing only when there is not much happening to bitcoins but when the bitcoin market is on a swing everyone trades bitcoins and hence the price goes down for altcoins.

I am quite sure that the price of altcoins does not bother anyone since they cal sell for btc and the btc price has already increased means they still hold same value of USD or even more.

[johnwest]

So basically whenever bitcoin goes up, altcoin goes down and vice versa?

Yes technically if bitcoin goes up. Then we can say that many altcoins would goes dump becuase of many trades selling their altcoin and will affect theprice of it. And they will buy bitcoin as soon as it's lower and sell it high. So after bitcoin pump they will their bitcoins in higher and buying many altcoins that have affect in bitcoin pump

It is not as simple as the thread title said .
Actually the cryptocurrency market is so complicated to understand and hard to predicted.
I can say it is feel like random market and even manipulateable , so the topic is wrong for me personally.

Yup. It is obvious and most of the newbies know about it. The BTC price has become the base price for all other altcoins and if BTC rate has doubled over time then the altcoin exchange range could not be the same, think like that, So it is quite obvious.

[Ewinsane]

I think buying altcoin is the right choice when bitcoin prices increase. We know that the price of altcoin must have decreased quite high when it happened. We should not be afraid of losses because most dev altcoin will pump their coins. It can make us profit.

But what would you do suppose the price of bitcoins keeps on increasing more and more ?
I mean the price of bitcoins will have to drop down for the altcoins to rise.

I think its nothing related to the altcoins price with the bitcoins hike, its just a co-incidence that when the price of bitcoins is bubbling up the altcoins markets slow down a bit.

[Zicadis]

So basically whenever bitcoin goes up, altcoin goes down and vice versa?

Yes technically if bitcoin goes up. Then we can say that many altcoins would goes dump becuase of many trades selling their altcoin and will affect theprice of it. And they will buy bitcoin as soon as it's lower and sell it high. So after bitcoin pump they will their bitcoins in higher and buying many altcoins that have affect in bitcoin pump

It is not as simple as the thread title said .
Actually the cryptocurrency market is so complicated to understand and hard to predicted.
I can say it is feel like random market and even manipulateable , so the topic is wrong for me personally.

Yup. It is obvious and most of the newbies know about it. The BTC price has become the base price for all other altcoins and if BTC rate has doubled over time then the altcoin exchange range could not be the same, think like that, So it is quite obvious.

thats one fact for sure, Bitcoin price is the base price for all other altcoins, but bitcoin value is not directly proportional to what altcoins are valued for... I say this because in most cases when bitcoin price dips its no guarantee that altcoins will enjoy a rally as response to a dip. Maybe when bitcoin price goes high , its time to buy weaker/cheaper altcoins and not dumping the alts.

[Wintorez]

So basically whenever bitcoin goes up, altcoin goes down and vice versa?

Yes technically if bitcoin goes up. Then we can say that many altcoins would goes dump becuase of many trades selling their altcoin and will affect theprice of it. And they will buy bitcoin as soon as it's lower and sell it high. So after bitcoin pump they will their bitcoins in higher and buying many altcoins that have affect in bitcoin pump

It is not as simple as the thread title said .
Actually the cryptocurrency market is so complicated to understand and hard to predicted.
I can say it is feel like random market and even manipulateable , so the topic is wrong for me personally.

Yup. It is obvious and most of the newbies know about it. The BTC price has become the base price for all other altcoins and if BTC rate has doubled over time then the altcoin exchange range could not be the same, think like that, So it is quite obvious.

thats one fact for sure, Bitcoin price is the base price for all other altcoins, but bitcoin value is not directly proportional to what altcoins are valued for... I say this because in most cases when bitcoin price dips its no guarantee that altcoins will enjoy a rally as response to a dip. Maybe when bitcoin price goes high , its time to buy weaker/cheaper altcoins and not dumping the alts.

But why then do others use a greater degree of altcoin and do not really want to sell Bitcoin today? Probably in reality it makes sense to deal with both of them but I still can not figure out which one was not difficult for me and most likely I will listen to other forum users.

[raven7886]

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

I would say, buy altcoin and hold some bitcoin. Most altcoins now are too cheap making it the best time to buy them. Though bitcoin has already reached another ATH in the past week, I can see that it is not yet the very peak of bitcoin. That it would still go up as what other bitcoin enthusiast are saying so better hold some bitcoin.

Yes exactly but I would suggest a little change. As the alt coin's price will go up only when the bitcoin's price decreases and hence you either do one of those, sell bitcoins or just buy more and more alt coins because holding btc and at the same time buying altcoins will create no profit and no loss situation. Believe in bitcoin or either go all in with a good altcoin when the price is high of bitcoins.

[erikalui]

Currently, investing in altcoins is a better option as the bitcoin price is too high to hold and earn profit. It's only good for those who have been holding since 6-7 months while new altcoins always have the capability to increase in value when they are distributed via ICOs. Gambling altcoins have a better margin than normal altcoins and hence it's better to invest there. Bitcoins can be sold and not bought for the time being.

[Superways]

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

In the previous year it often happened that when the price of bitcoin increase other altcoins decreased in price but this year I saw a number of altcoins also increased with the price of bitcoin increase. I think that is because of the increase of the investors.

When the price of bitcoin is increasing then you do not need to go any other place but invest in bitcoin only as it is a solid investment.

[BitFinnese]

So basically whenever bitcoin goes up, altcoin goes down and vice versa?

Not really, but if there is no hype in a coin, this should happen.  Actually what is happening right now is that altcoin price are also increasing while bitcoin is price is increasing.  To name some, you can check Digibyte, Verge, NEM, XRP Stratis and Wave.  Their market are climbing while bitcoin price is increasing.