Bitcoin price pump, altcoins dump?

[OracionSeis]

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.

Maybe you are trader in recently. If you see the price of cryptocurrency on market in early this year, you will very surprise the price of Bitcoin and Altcoin are increasing too. Although have many warning about bubble growth but still most trader loss a lot of money after breakdown bubble in June and comeback normal rules market as today.

[iram1011]

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.

Maybe you are trader in recently. If you see the price of cryptocurrency on market in early this year, you will very surprise the price of Bitcoin and Altcoin are increasing too. Although have many warning about bubble growth but still most trader loss a lot of money after breakdown bubble in June and comeback normal rules market as today.

Bitcoin and altcoins don't really have a solid correlation. Sometimes they tend to follow each other and the other time they become inversely proportional. When new investors invest in Bitcoin, they tend to shift to other cryptocurrencies as well. Thus, increasing the overall cryptocurrency demand and hence the price. According to me an individual currency has many internal factors that drives the price along with the external factors. Thus, concluding any relation is baseless.

[mobnepal]

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

Answer is simple;
Because people don't like to miss the bitcoin pump, they will quickly sell their altcoins and hold those bitcoin till there will be correction on bitcoin's price. Than they will just buy back other alts.

It is quite usual cycle and we can expect same when current pump will be over in next few weeks/days.

[bulala]

usually pumping bitcoin is always better than altcoin.....for me even if i have to hold back my bitcoin i always make sure i have a little bit of altcoin somewhere as a backup.....

[error08]

Why bitcoin price rise but altcoins price decline? simply because people cash out from altcoins and invest it in bitcoin due to bitcoin price seems growing faster than altcoins, even though some altcoins maybe being pumped as well and rise faster than bitcoin. Mostly because people wants to extract their profits from altcoins, let it dumped for a while before decide to buy back. After all, altcoins created to become daily trading objects in the first place, and just few people who see the usability of those coins.

[wantjokull]

This is many times correlated topic that bitcoin pump leads to altcoin dump. Actually the fact is bitcoin gets pumped because it is being invested by asking money from the altcoin and then selling it for BTC. So you see there is perfect relation that bitcoin is being pumped and altcoins are ultimately dumped that is two with twice the amount as both are being exchanged altogether. However there is also one thing that, altcoins are always strong in terms of USD value but don't know why is that so. May be there are people who invest into altcoin directly from the USD currency. Anyway as a tip we should take this as indication that how the bitcoin will behave when altcoins are being dumped on major scale. That's the strategy too.

[chocolah29]

Because many wants to be on the trend thats why they are selling their altcoins in exchange of bitcoin.
And when the rally is over they will tend to buy back their coins and hold it again for long term.
But sometimes when bitcoin dumps and so the altcoin. But whats happening right now is bitcoin pumps and altcoin dumps. This is the crypto currency flows in the market as the demand and supply are playing.

[JRoa]

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

This is because of reselling of altcoins so that the value of the bitcoin will incease and the value of altcoins decrease.


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.

[Kevondo]

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.

Yes, I would also prefer bitcoin. Trading is bitcoin is easy but I think it is something for newbies. It is good but at the end everyone knows bitcoin is much better than altcoin. It is right that altcoin increases its value but increasing rate of bitcoin is better than that of altcoin. And best thing about bitcoin is that it is the oldest known crypto in the world. It gives more profit than altcoin just all you have to do is build up you skills and work on the strategies through which you trade.

[traderethereum]

i think it is normal, maybe i can give some explain. bitcoin is a center of crypto currency, whatever happen with bitcoin, the altcoin will get the impact too. so if bitcoin price is increase, altcoin price will be decrease and this will happen with the other side. when we see bitcoin start to climb then we should aware and prepare but don't afraid because if altcoin down, i am sure the other time, the price will be recover like what bitcoin do.

[raven7886]

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

Altcoins are the mere followers of the bitcoins. They are always observed following the footprints of their masters. The value of the coin definitely depends on the demand of a particular commodity in the market. Bitcoins demand is high but supply is low which is playing main role in the pumping of their values.

[exstasie]

Altcoins are the mere followers of the bitcoins. They are always observed following the footprints of their masters. The value of the coin definitely depends on the demand of a particular commodity in the market. Bitcoins demand is high but supply is low which is playing main role in the pumping of their values.

There are nuances to this. I like to think of Bitcoin as the index, and altcoins as individual stocks. When BTC is stable or bullish, individual altcoins can pump, but if BTC is bearish, altcoins tend to dump very hard.

In May/June, I wouldn't say that altcoins were the followers. Ethereum and the ICO hype was definitely leading the way. It seems now that it's BTC's turn to take the wheel.

[DenysM]

I am a novice at this market but too at once saw that when bitcoin grows that all other altcoins fall. I see a situation so, all began to destroy the money and began to inlay in bitcoin. All see that getting up went, capitalization of bitcoin increases. It talks about that getting up followed by the increase of volume, and there will be a height and farther. Therefore all in him are inlaid and forget about other chinks.

[ActiveP]

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

It could be that people are selling their alts to buy bitcoins. However, alts like eth increases in value when bitcoin does. Bitcoin cash is also going strong.

[andrew24p]

We go through periods of money going into altcoins and going into bitcoin. With the price rise of BCC I also think probably many alt speculation moved into there for the time being. Its just the nature of the market since many people who are involved in alts are more speculators than long term holders. It will continue to shift between the two for the foreseeable in my opinion as there will always be people speculating more than others and looking to make a quick buck.

[ubeng07]

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

It could be that people are selling their alts to buy bitcoins. However, alts like eth increases in value when bitcoin does. Bitcoin cash is also going strong.

And because they are the coin that is probably competiting each other so as it one of them pump they would other one dump so that is how trading works.

[malikusama]

You will get to know all the scenarios of prices in the market if you are aware of supply and demand rule of market. Simply when the users of altcoins cash out and start to invest in bitcoins (as they see that its market value is rising) the altcoins prices falls due to low number of users( less demand) in the market.

[Gheka]

i think it is normal, maybe i can give some explain. bitcoin is a center of crypto currency, whatever happen with bitcoin, the altcoin will get the impact too. so if bitcoin price is increase, altcoin price will be decrease and this will happen with the other side. when we see bitcoin start to climb then we should aware and prepare but don't afraid because if altcoin down, i am sure the other time, the price will be recover like what bitcoin do.

Yeah, and the impact of bitcoin on altcoin is that the price of altcoin drops sharply, this is very easy to understand. We should think simply if the price of bitcoin increases dramatically, the amount invested in bitcoin will also increase, so the question is where is the money, the answer is in altcoin, investors and traders will be dumping altcoin to pump the price of bitcoin up and make more profit. And when this situation is over, altcoin will be pumped back

[lupinvn]

Interesting topic, I've asked questions just like you in the past and I think I could answer little.
There are two ways for you to think about this (Bitcoin up -> Altcoins down or Bitcoin down -> Altcoins up):
First, you should look at the "Market Cap" of all cryptocurrency, in this point, I usually use Coinmarketcap, And you can see that:
+ If the Market Cap going up or just stable, and the price of bitcoin and others change opposite way so fast, you can think about traders (or Shark) moving their money from altcoins to Bitcoin or inverse... because there are some news that tell them Bitcoin price is going up, they should invest in BTC for their best profit, otherwise, they will dump btc value just by buying Altcoins, selling to USDT,....
+ If the Market Cap going down so bad, thats mean people are going to leave cryptocurrency just because some reason, and in this case, I think if btc price go down but altcoins go up just a temporary situation, everything will go down!

[HalfDeck]

Altcoins are the mere followers of the bitcoins. They are always observed following the footprints of their masters. The value of the coin definitely depends on the demand of a particular commodity in the market. Bitcoins demand is high but supply is low which is playing main role in the pumping of their values.

There are nuances to this. I like to think of Bitcoin as the index, and altcoins as individual stocks. When BTC is stable or bullish, individual altcoins can pump, but if BTC is bearish, altcoins tend to dump very hard.

In May/June, I wouldn't say that altcoins were the followers. Ethereum and the ICO hype was definitely leading the way. It seems now that it's BTC's turn to take the wheel.

I think depends every period, a cryptocurrency will become to leader (set by whales and big boy) make the price of all cryptocurrency on market up or down. I agree with you in May-June is the time Ethereum control the price of all crypto on market, do not Bitcoin because in that time Bitcoin just stable and stand still around $2,000.