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Capradina
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August 16, 2017, 11:31:06 AM |
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I don't see that it's always the case. Because it all depends on desire and market conditions there, because sometimes the big players (trading) at that time was in need of many funds so altcoin they mostly sold and exchanged in the bitcoin who was in the pump. It all depends on the situation and circumstances that are happening, not because the system!!.because of the bitcoin and also altcoin is very different, they have advantages and disadvantages of each
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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marketone
Legendary
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Activity: 1302
Merit: 1000
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August 16, 2017, 11:35:15 AM |
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It depends upon the market because when ever the price of Bitcoin is increasing there will be small changes happened with the altcoin. They need to be accurate according to the Bitcoin price and the value of altcoin value will decrease accordingly.
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Maheshkumar_Hrangkhawl
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August 16, 2017, 12:18:51 PM |
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You are just looking at the price of altcoins in BTC. I would advise you to check their prices in the United States Dollar as well. In USD terms, the prices of almost all the altcoins have increased. And some of the alts have held their ground so far against the BTC, such as ETH, NEM, and NEO. I have checked the charts and I couldn't see any major crash or correction for the altcoins.
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clickerz
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August 16, 2017, 12:23:37 PM |
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I don't see that it's always the case. Because it all depends on desire and market conditions there, because sometimes the big players (trading) at that time was in need of many funds so altcoin they mostly sold and exchanged in the bitcoin who was in the pump. It all depends on the situation and circumstances that are happening, not because the system!!.because of the bitcoin and also altcoin is very different, they have advantages and disadvantages of each
Thats true, As far as i can remember there is a time where both dumping where almost all alts where in bloody red. Though most of time base on my experienced on trading they are indirectly proportional. |
Open for Campaigns
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giveen
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August 16, 2017, 12:26:47 PM |
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They isn't much explaination to this question people are right altcoins are slow whole year but when they increase they don't stop and give a profit of 10x in few hours. Bitcoin grows all year if you conpare bitcoin doesn't fall much and till date it has increased by 200% since starting of this but eth or ripple on the other hand have increased by 2000% before falling short again. With alts you need lot of patience that's the reason people go with btc and avoid alts.
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rodskee
Full Member
 Online
Activity: 2352
Merit: 191
★Bitvest.io★ Play Plinko or Invest!
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August 16, 2017, 12:36:28 PM |
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the altcoins down and the bitcoin keep on uprise and stable, i think altcoins dump because its part of the currecies movement analysis of this issue the altcoin come again to go uprise coming soon because of the currecies waving and thats the part of trading have time to be risk the investment maybe in the few days the value of the altcoin pumping stay calm traders,
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cubevtc
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August 16, 2017, 07:33:24 PM |
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bitcoin in king soo is normal
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babysweetTiger0401
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August 17, 2017, 03:24:51 AM |
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Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
That's also what I had observed every time bitcoin increased, were most of the altcoin dump the price value. However, still not sure the exact reason why? but there are some altcoin are not dumping the value. |
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yndye
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August 17, 2017, 03:44:24 AM |
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Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
Traders would sell their altcoins to have more bitcoin in their wallet and then when they think through their technical analysis that price of bitcoin is almost or at the ceiling then they would convert to USD having more cash in hand. When the price of bitcoin drop again then they can buy more bitcoin and then shift to altcoins again buying some of it because when price of bitcoin drops, price of some altcoins shoot up so in this way traders will have more money taking advantage of the opportunity. |
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xuan87
Legendary
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Activity: 1666
Merit: 1001
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August 17, 2017, 04:16:40 AM |
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Usually traders sell their alt coins for Bitcoin, that is why when the alt coin being sold there will be more transaction to Bitcoin and then because you are trading alt coin / Bitcoin then when alt coin being sold it will decrease the demand and causing the price to go down, and because you are trading with Bitcoin it's mean you are buying Bitcoin with your alt coin and that caused the demand for Bitcoin to increase
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ShowOff
Legendary
Offline
Activity: 2590
Merit: 1179
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August 17, 2017, 05:36:17 AM |
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Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
That's also what I had observed every time bitcoin increased, were most of the altcoin dump the price value. However, still not sure the exact reason why? but there are some altcoin are not dumping the value. if i still hold some altcoins when bitcoin price pumps, i will see how many my balance estimated in fiat. if i still get profit i will sell my alt and bitcoins that i get. well that might be 1 reason why altcoin dumps when bitcoin pumps |
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WoodySpoon
Newbie
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Activity: 58
Merit: 0
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August 17, 2017, 06:06:15 AM |
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If altcoins were dumping you would expect the prices of these to suffer, however, as a whole the market is seeing a lot of green at the moment.
I think it's more-so people jumping back into the market who panicked leading up to the fork, which would indicate as to why there was such a poor overral performance through July.
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--DarkSecrets--
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August 17, 2017, 01:44:49 PM |
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Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
It is simply because altcoins are reversly when bitcoins price continuous to rise and some of the altcoins were dump bevause people sell some of their holdings so they can sell their bitcoins at ATH. That is what i observe and the main use to trade almost all altcoins is in bitcoin currency. |
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Moddak2
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August 17, 2017, 02:53:27 PM |
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I think bitcoin will go higher,because in differents price in march was near 1000$,today 4000$+,better hold money in bitcoins,if bitcoins you have much,more you get in long time.
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iamTom123
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August 17, 2017, 03:20:06 PM |
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Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?
We can't know the exact reason for this. When bitcoin is undergoing a pump, everybody is trying to get on the bitcoin train. So they sell their altcoins out to buy bitcoin. That's the reason we see dump in alts. That can be one of the main reasons but of course there are more factors on this and sometimes these other factors can be unknown which is making some surprises to many. There were times when both Bitcoin and many alts are jumping in green so there is really no established formula on this one. This is just showing us that cryptocurrency is a very different animal in different shades. Sometimes technical analysis can be rendered naught with Bitcoin and other coins. Cryptocurrency can be very risky if one does not have a basic understanding of its many intricacies and crannies. |
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ardentvolcanoes
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August 17, 2017, 03:42:02 PM |
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I think bitcoin will go higher,because in differents price in march was near 1000$,today 4000$+,better hold money in bitcoins,if bitcoins you have much,more you get in long time.
most or all of us really anticipate that to happen as we knew that new adoptions and more newcomers are getting interested to invest with bitcoin for sure demands will bring up to another hype just continue trusting the system and earn after. |
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HTracer
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August 17, 2017, 03:49:21 PM |
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This pattern that used to work well is getting less obvious. I think the more exchanges offer fiat deposit/withdrawal as well as direct trade alt/fiat pairs, the less correlation would be. Excluding cross trading an alt via bitcoin as the only way may reduce this effect.
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rivoke
Legendary
Offline
Activity: 924
Merit: 1006
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August 17, 2017, 03:50:40 PM |
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Altcoin may adjust bitcoin value since altcoin are being made from bitcoin , right
Anyway if some altcoin still can maintain their value although bitcoin is being pump , it means that people also interest for certain bitcoin as well
So it's depend on supply and demand on the coin
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johnwest
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August 17, 2017, 05:08:40 PM |
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You can take Bitcoin and Altcoin like two entities that currently share the market and maintain its balance. So when Bitcoin prices start to increase rapidly, the vast majority of people shifts their attention from Altcoins to Bitcoin and start buying btc. This is turn leads to the dump of altcoins
The normal idea is this and yes it works like this with most of the altcoins. If BTC gets stable and increasing slowly then altcoins will increase according to its pumps or widespread usage. Some are targeted pumps and dumps of altcoins and its hard to find them. |
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Painbird
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August 17, 2017, 05:31:52 PM |
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bitcoin is a kings of all crypto currency so everyone try to manage btc not altcoin.I think that's why bitcoin pump but many altcoins are good.
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