Bitcoin price pump, altcoins dump?

[waiberz]

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

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[BrewMaster]

there is no easy explanation for this, only speculation and guesses.

for starters you should know that altcoin market is treated like penny stocks [1]. and people know it is a short term big profit and not much else. with that in mind, my speculation is that whenever the big guy (being bitcoin) is performing well, traders are start to focus their attentions (their money) on bitcoin to make the most profit and leave altcoins alone.
there is also the effect of USD value of altcoins which creates some kind of sell pressure on the their value and speeds up the dumping process.

[1] www.investopedia.com/terms/p/pennystock.asp

[Quantex]

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.

[carlerha]

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.

as bitcoin is the main currency therefore most of the people try to invest money in bitcoin and when they feel that now the price of bitcoin is increasing they widthraw all their investment from other currencies and try to invest it in bitcoin therefore when bitcoin pumps other altcoin dumps.

[mobilestrike]

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

This type of situation happen when the investors are limited and they want to shift their money from one asset to another like nowadays the investors and withdrawing their money from altcoins and they are investing them in bitcoin as they know the price of bitcoin will now increase without any problem to them.

[batang_bitcoin]

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

The alternative effect of this, when bitcoin is increasing. The price of alt coin is dumping, this is what's happening. Because alt coin holders are selling their coins and trying to recover from re-investing the profit in bitcoin so price of bitcoin increases.

[Insanerman]

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

The alternative effect of this, when bitcoin is increasing. The price of alt coin is dumping, this is what's happening. Because alt coin holders are selling their coins and trying to recover from re-investing the profit in bitcoin so price of bitcoin increases.

This is the usual happening when btc up, alts is up. This is due to massive selling of alts and converts to fiat with their bitcoin. But if you remember last time, It happened that when bitcoin was down, alts is also in red.

[rizkyhiw]

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.

Nahhh , that is the most reasonable thing to blamed ,
People choose to cutloss and move their funds from altcoin to bitcoin mostly ,
So the other people might following too and its automatically makes the market in one sided to bitcoin only ,
The trade volume produced always decrease in altcoin and increased so high in bitcoin.

[layoutph]

My wild guess how this happened, if you are selling your altcoins most probably you will sell it to BTC ,sometimes to ETH. Everytime a trader sells its altcoin, this would push Bitcoin to rise. Thats why, everytime Bitcoin goes down, traders either sell their Bitcoins to USDT or simply buy altcoins.

[batang_bitcoin]

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

The alternative effect of this, when bitcoin is increasing. The price of alt coin is dumping, this is what's happening. Because alt coin holders are selling their coins and trying to recover from re-investing the profit in bitcoin so price of bitcoin increases.

This is the usual happening when btc up, alts is up. This is due to massive selling of alts and converts to fiat with their bitcoin. But if you remember last time, It happened that when bitcoin was down, alts is also in red.

Yap you just rephrase what I said. Oh yes, that situation I witnessed it that everything, all the crypto's are all in red colors. I called that the bloody week in crypto's and it happened a couple of times I guess or I miss the other times. There's a situation also that all crypto's are pumping altogether and there are very few coins who are being dumped.

[quarkyplum]

My wild guess how this happened, if you are selling your altcoins most probably you will sell it to BTC ,sometimes to ETH. Everytime a trader sells its altcoin, this would push Bitcoin to rise. Thats why, everytime Bitcoin goes down, traders either sell their Bitcoins to USDT or simply buy altcoins.

But the situation Bitcoin falldown, Altcoin rising up in yesterday can't like your mean. Because it's just by small investor hope their altcoin can increasing after breakdown of Bitcoin, but they don't know themselves create trap trend and make market like "recovery".

[Herbert2020]

My wild guess how this happened, if you are selling your altcoins most probably you will sell it to BTC ,sometimes to ETH. Everytime a trader sells its altcoin, this would push Bitcoin to rise. Thats why, everytime Bitcoin goes down, traders either sell their Bitcoins to USDT or simply buy altcoins.

But the situation Bitcoin falldown, Altcoin rising up in yesterday can't like your mean. Because it's just by small investor hope their altcoin can increasing after breakdown of Bitcoin, but they don't know themselves create trap trend and make market like "recovery".

no, that altcoin short rise was because they reached their bottom!
when an altcoin gets dumped very hard, the price drops fast and big, this means a good opportunity to pick up some cheap coins to sell on the recovery. some people call this a dead cat bounce. you wait for the dump to stop and price to reach the bottom and start buying that altcoin, then in about half a day or so you sell as it recovers for a nice little profit.

for example ETH had about 7-8% recovery today which i enjoyed the profit of.

[wildlandlord]

So, I guess the best way to invest in cryptocurrency is to invest in bitcoin. But maybe trading altcoins is not a bad way to make a profit for now (until the bubble of altcoins burst). However, there're many ICO's. 

[Blamsud]

So, I guess the best way to invest in cryptocurrency is to invest in bitcoin. But maybe trading altcoins is not a bad way to make a profit for now (until the bubble of altcoins burst). However, there're many ICO's. 

there's too many ICO that makes us hard to decide whether on what ICO were going to invest especially if we only have minimal budget. However trading and investing maybe risky but definitely worthy.

[Ayiranorea]

I don't think Bitcoin alone experiences price pumping. If examined the price pumping is felt over altcoins too. Though both are almost on the similar market the pump and dump happens in different time scaling. During the recent growth of bitcoin found more altcoins in pump.

[CraigWrightBTC]

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

All of traders switch from investing in altcoins to be on bitcoins because bitcoin's price is up trending
so the traders choose the digital coins that has up trend than invest in the altcoins,
this strategy is good for taking profit long term investment with hold bitcoins than altcoins
basic knowledge of trading always follow the trend of price and never fight the trend.

[cointabo]

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

People sell their altcoins to jump into the BTC bandwagon. Also since all altcoins trade against BTC and when BTC price is rising in FIAT, its normal for altcoins to lose value against BTC price, but is usually the same in FIAT price. FIAT is USD/EUR..

[alyssa85]

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

People sell their altcoins to jump into the BTC bandwagon. Also since all altcoins trade against BTC and when BTC price is rising in FIAT, its normal for altcoins to lose value against BTC price, but is usually the same in FIAT price. FIAT is USD/EUR..

This is the correct answer.

Only a few people in altcoins are there because they really believe in the alt. Most are there as an alternative way to make bitcoin. When bitcoin rises, they cash in and convert to btc, in order to then convert to fiat.

[nexus99]

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

[Victorycoin]

Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

The alternative effect of this, when bitcoin is increasing. The price of alt coin is dumping, this is what's happening. Because alt coin holders are selling their coins and trying to recover from re-investing the profit in bitcoin so price of bitcoin increases.

This is the usual happening when btc up, alts is up. This is due to massive selling of alts and converts to fiat with their bitcoin. But if you remember last time, It happened that when bitcoin was down, alts is also in red.

Yap you just rephrase what I said. Oh yes, that situation I witnessed it that everything, all the crypto's are all in red colors. I called that the bloody week in crypto's and it happened a couple of times I guess or I miss the other times. There's a situation also that all crypto's are pumping altogether and there are very few coins who are being dumped.

I also agree, altcoins get pumped or dumped relative to Bitcoin according to the overall market sentiment. Only recently, the market was expecting a possible Bitcoin split and dump and we had seen Bitcoin nose diving to well below $2000, while most altcoins were headed for the moon.

However the prompt signaling of segwit turned things around and Bitcoin became more formidable and also much more valuable. Now all eyes are on Bitcoin and a good number of altcoins are now on the receiving end.