Bitcoin up altcoin dump

[sujonali1819]

yes it is simple that when btc goes up alt coin price goes down. but not sure all time will occcur the same thing with all alt coin.Some alt coin which has high value and ranked  these follow the btc.when btc goes up they also go up. Maximum time when btc up alt down. so it is the best time to collect some alt coim for holding.

[1714078482]

1714078482

[btcney]

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

If you can foresee bitcoin going up then it's a great time to stock up on some of the major altcoins as well. What you usually see I'd that even though bitcoin is absolutely smashing it the percentage of total market cap bitcoin holds declines when it rises meaning that altcoins are worth a buy.

To be on the safe side though just hold onto your bitcoin as altcoins are generally a ko tomorrow volatile and can crash without warning.

[Sled]

If bitcoin goes up, i think it is better to just sell some of your bitcoin to get profits and use the majority to buy a lot of altcoins in the market because most of the times when bitcoin goes the altcoin goes down which is a buying opportunity for the long term investors of crytpocurrencies and the price of altcoin is just basing in bitcoin so it is very easy for altcoin to go down when bitcoin is going up. Just be smart in spending your bitcoin in altcoins because sometimes you will end up losing money if you bought a wrong coin.

[litaf]

yes it is simple that when btc goes up alt coin price goes down. but not sure all time will occcur the same thing with all alt coin.Some alt coin which has high value and ranked  these follow the btc.when btc goes up they also go up. Maximum time when btc up alt down. so it is the best time to collect some alt coim for holding.

Usually if btc goes up, altcoins will go up as well. the price movements of altcoins tend to parallel bitcoin. I think its because the success of bitcoin also increases the success of other altcoins. If people see bitcoin doing well, they will tend to be more optimistic about the concept of cryptocurrency and buy altcoins.

[xianbits]

yes it is simple that when btc goes up alt coin price goes down. but not sure all time will occcur the same thing with all alt coin.Some alt coin which has high value and ranked  these follow the btc.when btc goes up they also go up. Maximum time when btc up alt down. so it is the best time to collect some alt coim for holding.

Usually if btc goes up, altcoins will go up as well. the price movements of altcoins tend to parallel bitcoin. I think its because the success of bitcoin also increases the success of other altcoins. If people see bitcoin doing well, they will tend to be more optimistic about the concept of cryptocurrency and buy altcoins.

I beg to disagree. As per my experience (though I'm not a pro), when bitcoin goes up, generally alt coins go down but there are these "special" altcoins that tends to go with bitcoin as it goes up. These are only few coins. That is why when there is a bitcoin pump, I am grabbing the oppurtunity to buy some altcoins.

[Himanshu111]

This statement applies for most of the altcoins available out there but not to all. Some altcoins like ethereum, monero and litecoin are showing good amount of growths and are one of the good investment options available out there.

[BitAvrillis]

yeah ETH is pumping too, gonna invest there again. But I dont know why Monero is rising

[Dudeperfect]

yeah ETH is pumping too, gonna invest there again. But I dont know why Monero is rising

I am not much sure that which Altcoin to pick for the mid term investment but I think I should give a try to the ETH, LTH. Yes, I believe that bitcoin would skyrocket on the price chart down the road but still I want to hold some of my crypto investments in altcoins. I used to trade in altcoins but never tried to hold it for more than a week, so it is getting little bit difficult for me to pick any coin.

[Raven91]

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

There is no certain point when is to good time to nuy or sell altcoin/bitcoin as trading has always risk thus it's unpredictable. If you buy low, it might dump again thus we can not tell when is good time to buy/sell bitcoin/altcoin.

[Salazarian]

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

There is no certain point when is to good time to nuy or sell altcoin/bitcoin as trading has always risk thus it's unpredictable. If you buy low, it might dump again thus we can not tell when is good time to buy/sell bitcoin/altcoin.

yes no doubt that risk  is always there but we have to accept that fact that most of the people have good experience in the crypto market and they know the ups and down of the market and they mostly give a very perfect prediction about the price of bitcoin and therefore on the bases of these prediction we can decide to buy or  sell bitcoins or any other crypto currency.

[UCHCHILD]

I guess when the price of bitcoin rises the price of altcoin will be lower since crypto currencies depends their value to its co crypto currencies.
In terms of trading your altcoin, I guess you cannot predict the good timing of it if you sell it or buy yours since we cannot determine what will be the next pump or dump it is just in your gut if you have the courage to sell or buy it is a bit risky because you will put your money into something you ard not sure.

[Superways]

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

It often happen when the rush of the investors come from the altcoin side but when the people come from outside or people invest their other money in bitcoin and not the money from their altcoin then it not happen and the price of both then increase.

[Siren]

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

It often happen when the rush of the investors come from the altcoin side but when the people come from outside or people invest their other money in bitcoin and not the money from their altcoin then it not happen and the price of both then increase.

But seems right now they are all down. Initially though when the price of bitcoin rises, alt coins is down. But now its not the case. It looks like that investors are into bitcoin and into alt coins as well. So its really hard to predict now how the market trend or the relationship of bitcoin and alt coins now.

[irwanjabryg]

Waiting better, sometimes we are stuck with a dump when it is not ahir it is a strategy to form support. Panic sell just makes the heart regret. 

[gabmen]

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

I'd prefer to purchase altcoins when btc pumps. Like what happened a day or two ago. Btc price went up a couple of percentage and stayed up to this time. The time it went up almost all altcoins got negative movements. I was able to purchase a few favorite alts to trade with that time

[lovesybitz]

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

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.

[Dimelord]

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

Whenever bitcoin price goes up,altcoins start bleeding.It occurs commonly in crypto market.Altcoin holders immediately sell their coins in order to buy bitcoins.This makes the situation much worse.So when bitcoin price increases,just hold your bitcoins.On the other hand,when bitcoin price falls down,just follow what people do i.e.,you can sell your bitcoins and buy a good altcoin to increase your bitcoin volume.

[deddod]

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

Good question. Actually it's depends from each person to choose he want do what or maybe both. When bitcoin price rising like yesterday, almost all altcoins falling and that was the best time to buy more altcoins, but in other hands, bitcoin price also rising so sky high (almost doubled than 1 month ago).
I did both yesterday, bought some altcoins and also sold some of my bitcoin

thank you for your answer  . A good strategy, but does that require a lot of bitcoin?

[deddod]

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

Whenever bitcoin price goes up,altcoins start bleeding.It occurs commonly in crypto market.Altcoin holders immediately sell their coins in order to buy bitcoins.This makes the situation much worse.So when bitcoin price increases,just hold your bitcoins.On the other hand,when bitcoin price falls down,just follow what people do i.e.,you can sell your bitcoins and buy a good altcoin to increase your bitcoin volume.

a good opinion, I'll try it. thanks 

[mamaya]

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.