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Author Topic: BTC effect on altcoins  (Read 4590 times)
mast3rm1nd
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October 10, 2017, 10:58:01 PM
 #1

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

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October 10, 2017, 11:18:30 PM
 #2

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
What you explain usually happen to altcoins in most cases but the reaction yesterday was a different one entirely. What I saw was a situation where bitcoin appreciate instead of altcoin to increase as usual but the rivers was the case, which indicate that anything can happen in the market at any time.

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October 10, 2017, 11:23:04 PM
 #3

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
What you explain usually happen to altcoins in most cases but the reaction yesterday was a different one entirely. What I saw was a situation where bitcoin appreciate instead of altcoin to increase as usual but the rivers was the case, which indicate that anything can happen in the market at any time.

Bitcoin is the basis of the price of altcoins. And the speed of transition of price BTC affects altcoin marketprice. BTc pump instantly saw the market will not react quick but wait until weeks for the price of altcoin corrected.

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October 10, 2017, 11:26:12 PM
 #4

While altcoins have different markets than bitcoin both are directly connected to each other, you'll see people are selling alts to buy btc before the next fork , that's a good sign to check the sinergy with each other,
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October 10, 2017, 11:34:43 PM
 #5

Nice observation, yup when BTC is in the acceleration phase or Bitcoin rally. Altcoin prices are falling down.
But I noticed one thing. ETH price in USD is also souring high during the BTC rally.
So instead of keeping BTC during the Bitcoin rally. I buy it with ETH as it gives me higher profit in USD.

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??


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October 10, 2017, 11:35:47 PM
 #6

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
Because altcoins needs bitcoin. If the price of btc down consider your altcoins dump too because in the transactions if you want to convert alts into money you need to convert first in bitcoin even how increase the price of your altcoins but when btc dump expect you altcoins too are in dump price. Amost all coins needs btc to be converted into cash. So, in that situation always consider that alts need btc that's why.
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October 11, 2017, 12:36:20 AM
 #7

because most if not all altcoin are traded with btc pair, and most invested in altcoin using bitcoin as their base currency.
so yeah, it is somehow related in price movement when there are big news.
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October 11, 2017, 12:57:28 AM
 #8

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

Sometimes all coins (or most of the major ones) rise at once. I think it can depend on several factors. If there is some negative news about cryptocurrencies in general, they could all drop, and the opposite for general good news. If Bitcoin and altcoins are moving in the opposite direction, then it's possible that traders are trading one coin for the other based on news or financials or decisions based on charting and target pricing.

 
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October 11, 2017, 01:02:06 AM
 #9

yes of course bitcoin affects altcoin price, if bitcoin is expensive then altcoin price will go down and become cheap, but if bitcoin price drops then altcoin price becomes expensive again, this I have monitored for 2 years, if you can take advantage of this cycle then you will get profit.
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October 11, 2017, 01:37:35 AM
 #10

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

That's just how the way it is dude. When altcoin is bleeding, bitcoin is gaining for the simple fact that they are selling their altcoin and moving to bitcoin because of the anticipated fork on Oct. 25. Because when the HF happens, you will received free coins. So the more bitcoin you have in your wallet, the more free coins you will received. But once everyone dump the free coins, I'm sure that altcoin traders will go back to altcoin ecosystem and things will be normalized again. You can either go buy altcoins because its slumping or put your money on bitcoin. Its up to you.

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October 11, 2017, 02:48:30 AM
 #11

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
I think it's the other way around. At first sight on coinmarketcap i think bitcoin's price rally is correlated to alt coins rally but i am wrong . When bitcoin is rising or falling. Altcoins are suffering from it but it just a normal event, people trade their coins in exchange for bitcoins because the price is rallying. Then if the price is falling altcoin traders will also sell their altcoins to buy bitcoins. But overall, it's still the traders and the holders of altcoins that are responsible on the changes of price in altcoins.
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October 11, 2017, 04:25:36 AM
 #12

Yeah i believe when BTC stops moving sideways and shows a price action of anything out of the norm, alts dip.
It doesnt matter which direction BTC is moving, up or down, alts would not do well, later on.
Its just FUD for people because they would not know which way bitcoin is moving and whether or not that should cash out or not
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October 11, 2017, 06:08:24 AM
 #13

It was asked before. This is why the altcoins fall alongside bitcoins as the sale of their holders to buy bitcoins. So the volume of altcoins decreases and increases with bitcoins. Maybe this is the reason for the approaching hardfork where the Bitcoin holders will receive the BTG of 1: 1 basis.

 
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October 11, 2017, 06:20:24 AM
 #14

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

I agree. When bitcoin price rallies, people are moved by greed and sell their alts for btc. When it drops, panic drives the alt coins selling. I still have to find an altcoin which is negatively correlated with bitcoin price. At the beginning of the year, I remember Ethereum behave like this, but I think that at this time it was due to the ETH vs BTC competition.

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October 11, 2017, 06:20:35 AM
 #15

Whatever you stated is completely true because they have got the inverse relation between them. The relation of alts with dollar is however not so close because they don't really rely on that one. The alts will be falling because it's obvious that people are selling them and putting the sold money into bitcoin, and that's why you can see the rise in bitcoin in the current timeline. So for a investor this relation should be well known as he will know the perfect time for bitcoin investment and altcoin investment.


 
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October 11, 2017, 06:22:37 AM
 #16

It was asked before. This is why the altcoins fall alongside bitcoins as the sale of their holders to buy bitcoins. So the volume of altcoins decreases and increases with bitcoins. Maybe this is the reason for the approaching hardfork where the Bitcoin holders will receive the BTG of 1: 1 basis.

I don't think that Bitcoin Gold is a major factor. Look at Bitcoin Cash. Right now, it is trading at around BTC0.06 per coin. This means that the holders of Bitcoin received an additional 6% bonus on August. But I don't think that Bitcoin Gold will be a success like Bitcoin Cash. BCH had a lot of heavy weights such as Roger Ver supporting it. Bitcoin Gold is lacking such support.

 
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October 11, 2017, 06:45:53 AM
 #17

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
The reason would be quite complicated because both the scenarios oppose each other. Well what i understand and observed from the market is when Bitcoin's price is growing high then the altcoins would get a dip because at that time mostly people invest in BTC by cashing out from the altcoins market. And even when Bitcoin's price falls altcoins suffers too, it is just because all the altcoins are based over Bitcoin which is a face of cryptocurrencies and whole market depends on it.

 
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October 11, 2017, 07:02:14 AM
 #18

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
The reason would be quite complicated because both the scenarios oppose each other. Well what i understand and observed from the market is when Bitcoin's price is growing high then the altcoins would get a dip because at that time mostly people invest in BTC by cashing out from the altcoins market. And even when Bitcoin's price falls altcoins suffers too, it is just because all the altcoins are based over Bitcoin which is a face of cryptocurrencies and whole market depends on it.

I agree on this. This might be the best answer about that. Bitcoin is the face and the pioneer and will always be the master driver for all of the alternative coins and of the whole cryptocurrency in terms of the Market Flow and The Price rally of cryptocurrencies. as of now WAVES has a low BTC price , i cannot even sell mine, maybe it is because of what you said. WAVES traders might already sold their WAVES for bitcoins.
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October 11, 2017, 07:23:56 AM
 #19

That is a good observation and even I noticed it especially after a fork.. Maybe because altcoin has no huge support than bitcoin,, and for it needs to increase its price their must be a continuous pump from groups but that must be simultaneously even a single different timing makes a difference.. Im more on a bitcoin users than the other way around,, that is why I don’t support this force holding by some altcoin..

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October 11, 2017, 07:57:56 AM
 #20

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high.

I believe the traders dump their altcoins to hold Bitcoins so that they can ride the its rally. It is not about price sustainability, it is just dumping one coin for the better coin.

Quote
and for the second, everyone is panic selling btc.
what do yo guys think ??

The same reason above. When Bitcoins start to dip, the see it as an opportunity to trade their coins to a better coin.


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October 11, 2017, 08:05:26 AM
 #21

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??


What I see is when the price of bitcoin increase almost all altcoin price dropped but when the bitcoin price going down, all altcoin is going up. So it means almost all altcoins is depend on the price of bitcoin. If you look at Ethereum price, after the bitcoin price reach $4,700, ethereum price dropped to 0.06 per ethereum.
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October 11, 2017, 08:30:11 AM
 #22

If the BTC is sure the altcoin will decrease, this will happen very unexpectedly and we will have a lot of choices at the moment, one is selling all to wait for Bitcoin prices to rise, 2 is to keep altcoin and decide do not sell though the price goes down
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October 11, 2017, 09:10:03 AM
 #23

I think what I mean to say is. when btc is really bullish; almost everyone is trying to get their funds to btc. and if it crashes everyone is trying to get on the dollar. and in both cases alts suffer, only when the market stabilizes where the atls do their own thing...

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October 11, 2017, 10:10:34 AM
 #24

Almost all altcoins depend on Bitconi and this happens a lot in a month. I think the Bitcoin market is very important because only the Bitcoin price increases and all altcoin will drop, and very rarely Bitcoin prices increase and altcoin increase

 
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October 11, 2017, 10:32:19 AM
 #25

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
well, when bitcoin drops, the price of altcoin drop and when bitcoin increase, the prices of altcoins also drop. Everytime a huge impact happens to bitcoin, altcoins are affected, too. And therefore, we can say that bitcoin does affect altcoins in many ways. People tend to follow the act of bitcoin so that they will decide which they need to do with their altcoins, to sell or to hold.

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October 11, 2017, 11:00:33 AM
 #26

Nice observation, altcoins follow Bitcoin trend and whenever btc is bullish altcoins respect. But recently the reverse it's the case, altcoins hardly respect Bitcoin these days and goes bearish on its own. The game is changing and we will see different trend by next year.
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October 11, 2017, 01:06:54 PM
 #27

If BTC rise there's a high chance of alts going low because alt holders will sell it then buy btc, so alt will go down.

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October 11, 2017, 01:38:19 PM
 #28

Nice observation, altcoins follow Bitcoin trend and whenever btc is bullish altcoins respect. But recently the reverse it's the case, altcoins hardly respect Bitcoin these days and goes bearish on its own. The game is changing and we will see different trend by next year.
Most of the altcoin do really follows on how bitcoin price changes, everytime bitcoin's price is on dump then so is most of the altcoins but it doesn't always work that way since it depends on what event happened for it to dump that way. And most of the time when bitcoin's price go up but altcoin's price go down since they depends on its USD price.

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October 11, 2017, 01:55:37 PM
 #29

Waiting patiently to see how the hard fork plays out. Alts could get rekt as there all priced in BTC 1x.

Really at this point the safest option in my opinion is to hold some BTC and some strong well established alts to balance your portfolio out and lower risk before things settle and we know the outcome of the fork.

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October 11, 2017, 01:59:10 PM
 #30

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
That's right but if an ALT crash would have had another option and would probably go to the FIAT exchange,maintaining $ is not something that is difficult for BTC.Not panic but rather for the already profitable results to sell,just my opinion Wink.

 
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October 11, 2017, 02:04:01 PM
 #31

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
Panic selling BTC? Its not happening as of now we do see the price is almost hitting up again on 5k price.It is just really normal to see alts would go red when bitcoin is on rally because for sure those altcoin holders would really sell up their stashes to accumulate bitcoin as much as they can specially on the even of upcoming fork.It is really possible assumptions but not all alts are really affected on this.

 
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October 11, 2017, 02:32:03 PM
 #32

AltCoins fully depend Bitcoin to survive. Actually, without Bitcoin all AltCoins would die on the currently scenario. What inspires confidence to make people invest on Crypto-Currency world is Bitcoin, if this currency fail, investors will have much fear to continue on this speculation market. Panic selling can be intentional or can be a consequence of fear from the investors side.

 
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October 11, 2017, 04:20:56 PM
 #33


yes of course bitcoin affects altcoin price, if bitcoin is expensive then altcoin price will go down and become cheap, but if bitcoin price drops then altcoin price becomes expensive again, this I have monitored for 2 years, if you can take advantage of this cycle then you will get profit.




Interesting to know that someone is actually taking the benefits of using this cycle of profit loss to gain the extra profits. Because I really thought I was the only one who is applying this strategy. Good one and it's most easiest way to earn profits rather than investing into ICO sales and normal exchanger and stuff like that. Sometimes I have found that prices are even lower than presale because of bitcoin going up which means good opportunity to buy alts that had great ICO launch and release into exchanger afterwards. We can make this as complex as we could and as simple as we can!


 
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October 11, 2017, 05:11:35 PM
 #34

Altcoins because the price is based on bitcoins. So when bitcoins will increase the price of altcoins. When the bitcoins fall as well as other coins. So that's what you always remember. Because you can use it in the future.
And you always go through it because you can also earn it this way.

 
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October 12, 2017, 02:31:38 AM
 #35

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

Not really that case now,
people sell altcoin to receive forking.
it is free money.

I would buy back altcoin after forking,
it is super cheap. RICH
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October 12, 2017, 02:39:39 AM
 #36

I think you have a really valid view but when everyone is selling it's time to buy.

I have shifted my view pretty drastically over the last few months and get high off of chasing red.

<--- Professional knife catcher
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October 12, 2017, 02:43:14 AM
 #37

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
What you explain usually happen to altcoins in most cases but the reaction yesterday was a different one entirely. What I saw was a situation where bitcoin appreciate instead of altcoin to increase as usual but the rivers was the case, which indicate that anything can happen in the market at any time.

Bitcoin is the basis of the price of altcoins. And the speed of transition of price BTC affects altcoin marketprice. BTc pump instantly saw the market will not react quick but wait until weeks for the price of altcoin corrected.
Bitcoin is only high valuable currency, any other altcoins are not equal to bitcoin. Because bitcoin is high demand in the market. The altcoins are trying to increase the value of currency. The Ethereum is the second highest value currency, it should also raise up continuously. But bitcoin is affecting the Ethereum value. No one reaches the bitcoin, this the best cryptocurrency.
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October 12, 2017, 02:49:03 AM
 #38

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

I just observe that altcoins are for speculation purposes and what people really want is bitcoin. They just purchase altcoins so that when its value increase, they would sell it to have more bitcoin. When bitcoin's value rise, people would like to ride the wave so there is a tendency they would sell their altcoins to buy more bitcoin and after having some profit, they would shift again to alts. When bitcoin is going down in value, some people would sell their alts and shift to USD or USDT to buy bitcoin when its cheaper.

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October 12, 2017, 03:20:04 AM
 #39

Thee effect is very important because everything matters what you do in this life. I think wether its a negative or posetive effect after all there is an outcome
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October 12, 2017, 04:39:56 AM
 #40

Most of the people here have already seen and witnessd different price changes in the past few years since the bitcoin has started, and it has been common that when the bitcoin's price got changes, soon the alternate coins will follow. I have read and heard before how people tend to take advantage when the bitcoin price rises, its their time to buy alternate coins because they believe it will soon follow, unlike todays changes that it is kinda hard to predict when and what, this and that.


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October 12, 2017, 04:46:17 AM
 #41

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

This is not true. Although you have a bit of a point. Let me clarify.

Usually, when Bitcoin rises the most popular other cryptos also rise, as they tend to follow Bitcoin. However, the lower-end or lesser known cryptos do not follow the same pattern simply because they are not trustworthy or stable enough to risk investing in when Bitcoin or the others are simply safer options. Hope this makes sense to you.
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October 12, 2017, 05:15:38 AM
 #42

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

almost altcoin is down when bitcoin is rises and only some of the altcoin will follow bitcoin rises and the other altcoin will be down. maybe its for altcoin which have strong position in the market that will increase like btc.

but yes when btc crash, people become panic and selling their bitcoin because they don't want to see their investment in btc is loss. if they can think that when btc is crash, actually its their time to buy bitcoin again but most of people not doing this and only people which realize with this will buy bitcoin again.



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October 12, 2017, 05:26:10 AM
 #43

Most of the people here have already seen and witnessd different price changes in the past few years since the bitcoin has started, and it has been common that when the bitcoin's price got changes, soon the alternate coins will follow. I have read and heard before how people tend to take advantage when the bitcoin price rises, its their time to buy alternate coins because they believe it will soon follow, unlike todays changes that it is kinda hard to predict when and what, this and that.

They're all connected to btc. Remember before the aug1 segwit, when btc price plummeted, alt did the same. That's why a lot of people including myself ceases trading momentarily for that time. So if you're looking to trade on alts, you pretty much would have an idea just by looking at btc movement

 
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October 12, 2017, 05:48:07 AM
 #44

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

If bitcoin price crash, yes, most altcoins will go down as well due to bitcoin has the biggest effect to crypto world.
But, if bitcoin on rally, usually altcoins such as ethereum, dash, byteball, bitconnect will follow to rise.
In this case, there's a time investors feels it's a good time to invest, and fear if bitcoin price decline and decide to sell off altcoins.
That's why there's no altcoins could compare or compete with bitcoin, if bitcoin fail, altcoins will worthless as well.
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October 12, 2017, 05:54:59 AM
 #45

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

If bitcoin price crash, yes, most altcoins will go down as well due to bitcoin has the biggest effect to crypto world.
But, if bitcoin on rally, usually altcoins such as ethereum, dash, byteball, bitconnect will follow to rise.
In this case, there's a time investors feels it's a good time to invest, and fear if bitcoin price decline and decide to sell off altcoins.
That's why there's no altcoins could compare or compete with bitcoin, if bitcoin fail, altcoins will worthless as well.

What you are telling is the theory for 80% traders who are buying other coins like ETH, DASH etc when their is correction in BTC and as soon as it gets settled they sell the altcoin and convert it to BTC.

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October 12, 2017, 08:13:11 AM
 #46


yes of course bitcoin affects altcoin price, if bitcoin is expensive then altcoin price will go down and become cheap, but if bitcoin price drops then altcoin price becomes expensive again, this I have monitored for 2 years, if you can take advantage of this cycle then you will get profit.




Interesting to know that someone is actually taking the benefits of using this cycle of profit loss to gain the extra profits. Because I really thought I was the only one who is applying this strategy. Good one and it's most easiest way to earn profits rather than investing into ICO sales and normal exchanger and stuff like that. Sometimes I have found that prices are even lower than presale because of bitcoin going up which means good opportunity to buy alts that had great ICO launch and release into exchanger afterwards. We can make this as complex as we could and as simple as we can!


Altcoins are totally depending on bitcoin and most of coins are measure according to the bitcoin standard also, as bitcoin price increases altcoin goes down and people starts buying them and this gives pump to their prices and a lot them are praying that bitcoin will stay up so that they can buy their respective altcoin bitcoin is ruler of crypto ad will remain.
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October 12, 2017, 09:42:29 AM
 #47

The increase in bitcoin prices is affecting the altcoins prices negatively. Because many people are selling altcoins and trying to get Bitcoin. October 25 is a very important date for split. If the split is positive, altcoins prices may fall too much.

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October 12, 2017, 12:35:25 PM
 #48

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??


What I see is when the price of bitcoin increase almost all altcoin price dropped but when the bitcoin price going down, all altcoin is going up. So it means almost all altcoins is depend on the price of bitcoin. If you look at Ethereum price, after the bitcoin price reach $4,700, ethereum price dropped to 0.06 per ethereum.
It is usually not like that. The trend has always been for all altcoins to go down as bitcoin goes down, and increase as bitcoin increases. Still, with the recent dump of altcoin for bitcoin due to the upcoming forks, the reverse has been the case and now we are seeing altcoins dropping rapidly while bitcoin keeps increasing.

Moreover, with any huge impact on bitcoin, the altcoins are always terribly affected. It is just always a sign of respect for the king. Grin
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October 12, 2017, 01:12:47 PM
 #49

Most Altcoins are dependent on bitcoin, but bitcoin is not dependent on Altcoin. Once bitcoin decrease, altcoin would possibly do the same, but once bitcoin pump it is not really the reason why altcoin pump. There were case that the demand gor bitcoin is really high and altcoin was mostly low. It usually happens when a hard fork is to happen, personally because of my expectation that bitcoin would rise, I let go of all my altcoins and convert it to BTC. Last August 1 hard fork, The BTC holders that time recieved BCC based on their btc account. And this was also the expectation incoming hard fork that is why holders are storing as much as they could even letting go of the altcoins.
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October 12, 2017, 01:20:25 PM
 #50

Most Altcoins are dependent on bitcoin, but bitcoin is not dependent on Altcoin. Once bitcoin decrease, altcoin would possibly do the same, but once bitcoin pump it is not really the reason why altcoin pump. There were case that the demand gor bitcoin is really high and altcoin was mostly low. It usually happens when a hard fork is to happen, personally because of my expectation that bitcoin would rise, I let go of all my altcoins and convert it to BTC. Last August 1 hard fork, The BTC holders that time recieved BCC based on their btc account. And this was also the expectation incoming hard fork that is why holders are storing as much as they could even letting go of the altcoins.

You have some point of what you say, but it is not only when there is a hard fork (as this has happened only in the last few months and this pattern is happening each time there is a hipe in BTC).
The idea is that when BTC grows everyone wants to hold BTC and that is why alts keep the same price in USD or drop, as they convert them into BTC and USD to buy BTC...
Usually after the hipe is over and the price starts to settle, the price of alts are skyrocketing...
So now are there is a new ATH the price will hipe some more, so I do not expect alts catching up anytime soon Wink

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October 12, 2017, 01:32:44 PM
 #51

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
Nothing people can do if must be sell it right now because the price is keep up. The effect of Bitcoins value make some altcoins massively down. The best way is selling the altcoins they have to save their money.

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October 12, 2017, 02:02:31 PM
 #52

I noticed the effect of bitcoin on altcoin is very confusing.
sometimes when the price of BTC rises altcoin down and when the BTC price goes down the altcoin price goes up. or vice versa.
which is definitely the price of Bitcoin greatly affect the price Altcoin although I do not know what the reason. Cheesy
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October 12, 2017, 02:06:37 PM
 #53

I noticed the effect of bitcoin on altcoin is very confusing.
sometimes when the price of BTC rises altcoin down and when the BTC price goes down the altcoin price goes up. or vice versa.
which is definitely the price of Bitcoin greatly affect the price Altcoin although I do not know what the reason. Cheesy

Before when bitcoin goes up, altcoin is down. Recently before this rally, when bitcoin was down, altcoin was down also. Not again when bitcoin is up most altcoin is down which the price of bitcoin whether its up or down is not really correlated or does not have a pattern.

 
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October 12, 2017, 02:38:38 PM
 #54

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
It's hard to accept this, but you're right, whenever bitcoin increases or decreases, the altcoins is at risk.  These still have many altcoin can keep the original value or small risk.
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October 12, 2017, 02:43:11 PM
 #55

The increase in bitcoin prices is affecting the altcoins prices negatively. Because many people are selling altcoins and trying to get Bitcoin. October 25 is a very important date for split. If the split is positive, altcoins prices may fall too much.

Lots of people think it's an important date - but it looks like bitcoingold is a scammy premine ponzi and that most exchanges won't be listing it.

I think people are confused between bitcoingold and the segwit2x thing (which is important).

 
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October 12, 2017, 02:43:21 PM
 #56

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
It's hard to accept this, but you're right, whenever bitcoin increases or decreases, the altcoins is at risk.  These still have many altcoin can keep the original value or small risk.

It's a double edged sword, you would think lot's of alts are down, maybe it's time to buy. On the other holding btc with it's rising value is attractive as well. Especially with extra "fork" money. But after a while it will all stabilize again.
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October 12, 2017, 04:38:12 PM
 #57

I think we're already past that phase when people are just asking money around the Internet. You don't see kids anymore begging in this place, or maybe it's because begging is not allowed in here. I don't really know, but I think the world has evolved enough for people to know that other people don't care about them. That other people are not going to give them any money.
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October 12, 2017, 04:51:42 PM
 #58

When bitcoin roars, all altcoins become bloodbath https://www.coingecko.com/en

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October 12, 2017, 05:09:52 PM
 #59

When bitcoin roars, all altcoins become bloodbath https://www.coingecko.com/en

Not this time, bitcoin has risen +10 %, litecoin also +10 % and ethereum is also in green (according to worldcoinindex).
Other coins like dash, zcash, monero have dropped a bit, but not massively

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October 12, 2017, 10:09:59 PM
 #60

Almost all the altcoins are in red numbers again, i dont know why it is happening because bitcoin is going up, and it is supposed that altcoins should follow bitcoin path, and go up too, but it seems that it is not going to happen in this time. Maybe we should wait a bit until altcoins recover to see green numbers again.
But of course that it is true that most people dump their alts to buy strong coins like ethereum and bitcoin.

Hello
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October 12, 2017, 10:27:53 PM
 #61

Almost all altcoins depend on Bitconi and this happens a lot in a month. I think the Bitcoin market is very important because only the Bitcoin price increases and all altcoin will drop, and very rarely Bitcoin prices increase and altcoin increase

except during september where they all followed BTC...
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October 12, 2017, 11:07:50 PM
 #62

yes of course bitcoin affects altcoin price, if bitcoin is expensive then altcoin price will go down and become cheap, but if bitcoin price drops then altcoin price becomes expensive again, this I have monitored for 2 years, if you can take advantage of this cycle then you will get profit.
This is true, I agree with your opinion, this is a fact that happened.
I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
When people panicked sell btc, I think they just drifted the current, This will cause snowball, chain reaction effect that will lead directly to PANIC and Bitcoin price collapse. All they do is math and simple human nature (greed / fear).
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October 13, 2017, 11:37:57 AM
 #63

Thee effect is very important because everything matters what you do in this life. I think wether its a negative or posetive effect after all there is an outcome
Right you are. In life you have to cater many different situations and you will be doing some different work. What matter most is how you just take the things in your account so that their effect displays you a good or bad person. But we all have to try for positive effect of anything on us. Bad effect are not welcomed but they are best for learning something new.
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October 13, 2017, 12:49:46 PM
 #64

,most of the times its quiet obvious that when bitcoin rises the alternate coins racing to drop like its a blood bath all over the market, but there's no need to anic anyway it will be back soon and they will follow up.

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October 13, 2017, 12:54:52 PM
 #65

I see a break in btc at the moment, everybody is buying ether now. Perhaps it is the moment for the altcoins now?
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October 13, 2017, 12:57:11 PM
 #66

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
I see differently though, When the price of bitcoin drops, most of the alts I hold drop too, and when bitcoin increases, more than 60% of my alt portfolio rebounds. There must be a correlation somewhere.

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October 13, 2017, 01:00:24 PM
 #67

I see a break in btc at the moment, everybody is buying ether now. Perhaps it is the moment for the altcoins now?

Not sure this is correct, but we will see. Only the future will show.
BTW I hear there are some issues with the ETH Hard Fork...
Hope all goes well.

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October 13, 2017, 01:15:22 PM
Merited by trinaldao (1)
 #68

Heres my strategy for this. If Bitcoin is approaching to pump. Sell all your alts, even at loss. Once Bitcoin started to rally, altcoins will shake and some of them will fall from 30% up to 50%. Imagine what if you dont dump the altcoin before the BTC pump: You loss 50% investment.

 But because you are 100% BTC  If Bitcoin pumps 10%. Then you gain profit. After the pump. Go back with your altcoins at the dip.

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

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October 13, 2017, 02:08:35 PM
 #69

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

I just observe that altcoins are for speculation purposes and what people really want is bitcoin. They just purchase altcoins so that when its value increase, they would sell it to have more bitcoin. When bitcoin's value rise, people would like to ride the wave so there is a tendency they would sell their altcoins to buy more bitcoin and after having some profit, they would shift again to alts. When bitcoin is going down in value, some people would sell their alts and shift to USD or USDT to buy bitcoin when its cheaper.
Truly, that is all they have always been good for and it is so glaring now. Altcoins are just basically there for trading purposes, capitalizing on their volatility against bitcoin and making some profit along the line and when a war is coming up, then we see a huge dump.

It will be hard to see bitcoin going down without them being affected negatively or bitcoin even bulling its way high without them still being affected negatively. Bitcoin is just a big bully Grin


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October 13, 2017, 02:21:57 PM
 #70

The growth of bitcoin is felt over few altcoins to some extent. Here upon the growth of bitcoin, few altcoins has increased in value along with bitcoin with good growth percentage. Lot of altcoins were found declining in value marked with the red indication. Maybe the effect will continue till the upcoming fork.

 
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October 13, 2017, 02:26:54 PM
 #71

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
Obviously bitcoin effects on altcoin. All the altcoin directly or indirectly depends on bitcoin. At the time of low price of bitcoin, the altcoin price get high enough and time of bitcoin's high price, altcoin got down. It can be called that bitcoin is the basis of all altcoin.

 
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October 13, 2017, 02:34:59 PM
 #72

Waiting patiently to see how the hard fork plays out. Alts could get rekt as there all priced in BTC 1x.

Really at this point the safest option in my opinion is to hold some BTC and some strong well established alts to balance your portfolio out and lower risk before things settle and we know the outcome of the fork.
If we could predict rightly or foresee what could happen, how nice that would have been. But unfortunately, we cannot.

However, even with the upcoming fork, I see it as a good thing for bitcoin in disguise and the forks are just going to be dumped for bitcoin just as they arrive and once the cloud settles which will make bitcoin to even thrive further, so as it is, it is just good to have some faith in bitcoin and keep hoping for the best.
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October 13, 2017, 03:43:43 PM
 #73

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
It's hard to accept this, but you're right, whenever bitcoin increases or decreases, the altcoins is at risk.  These still have many altcoin can keep the original value or small risk.

It's a double edged sword, you would think lot's of alts are down, maybe it's time to buy. On the other holding btc with it's rising value is attractive as well. Especially with extra "fork" money. But after a while it will all stabilize again.
I feel you mate! I noticed most of them have been stable for a while now and I have so much zapped them although it is still a bit risky but with the volume, I feel it is safe and I am gladly waiting for homies to get back once the fork is over to start buying.

There is a huge chance I will get more profit from those dumped altcoins than what free BCG might give me but I am willing to take some chances with some of the coins. Won't hurt!
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October 13, 2017, 04:05:41 PM
 #74

BTC is the ultimate destroyer of altcoins when it rallies. I actually see very little hope for alts whilst BTC moves up like this. It just destroys them because everyone is moving money from their alts into BTC.
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October 13, 2017, 04:21:31 PM
 #75

Yes dear, I think BTC is a major effect on altcoin.
Last few days BTC rate is very high and it has pumped, because the every Altcoin has been dumping.
when bitcoin pump Altcoin will dump.also bitcoin Dump altcoin will pump. so it's a big effect on altcoin.
I think almost all altcoins depend on Bitconi.
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October 13, 2017, 04:22:04 PM
 #76

Of course yes, bitcoin effect on altcoin. Why-not we can see that when bitcoin price is low, then altcoin price get high and that time bitcoin price high then altcoin got down. So it's clear that bitcoin effect on altcoin.
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October 13, 2017, 04:27:51 PM
 #77

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
Bitcoin is like central bank to others coins and just like a sayin "when America sneezes, other countries cache cools" is the same effect we are having on bitcoin and altcoins.Currently bitcoin is in bullish market and most of the altcoins are bearish and in September when bitcoin was bearish every alternative coins were all bearish. Many speculators are saying coins is going to get inflow to altcoins by traders dumping bitcoin, I did not see this happen as when ever bitcoin get dump altcoins also get dump.
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October 13, 2017, 08:00:41 PM
 #78

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
Bitcoin is like central bank to others coins and just like a sayin "when America sneezes, other countries cache cools" is the same effect we are having on bitcoin and altcoins.Currently bitcoin is in bullish market and most of the altcoins are bearish and in September when bitcoin was bearish every alternative coins were all bearish. Many speculators are saying coins is going to get inflow to altcoins by traders dumping bitcoin, I did not see this happen as when ever bitcoin get dump altcoins also get dump.
but nevertheless we are witnessing today a huge decline in the price of altcoin. And at the same time Bitcoin hits New records for the maximum price. How will things stand? It's hard to predict further, but nevertheless we will see what happens next.
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October 13, 2017, 08:48:13 PM
 #79

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
Bitcoin is like central bank to others coins and just like a sayin "when America sneezes, other countries cache cools" is the same effect we are having on bitcoin and altcoins.Currently bitcoin is in bullish market and most of the altcoins are bearish and in September when bitcoin was bearish every alternative coins were all bearish. Many speculators are saying coins is going to get inflow to altcoins by traders dumping bitcoin, I did not see this happen as when ever bitcoin get dump altcoins also get dump.
but nevertheless we are witnessing today a huge decline in the price of altcoin. And at the same time Bitcoin hits New records for the maximum price. How will things stand? It's hard to predict further, but nevertheless we will see what happens next.
Altcoin will recover soon, but I can not predict the old high price (Bitcoin rates) can recover or not, because we have not any strong supporter for the altcoin market at now. Most of the traders are fearing of missing out when the price of Bitcoin increases and breakout to new ATH price.

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October 13, 2017, 09:02:24 PM
 #80

My theory on it has always been:
-When bitcoin goes up, the traders cash out of altcoins to catch the rising price of bitcoin.
-When bitcoin goes down, the traders cash out of altcoins into bitcoin so they can cash out of bitcoin and into dollars.  With the plan to buy back into bitcoin when the price is low.

The only good time for alts seems to be when bitcoin stays still.  It's been a bad year for alts this year.
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October 13, 2017, 09:39:07 PM
 #81

Bitcoin is the father if crypto currencies so people mainly focus on bitcoins so I think that bitcoins suffers a drop or dump its opens an opportunity to buy bitcoins in cheap prices so most of the people cash out their alt coins therefore alt coins suffers a drop.And also that for Bitcoin a fork is coming so people are trying to invest in bitcoins as much as they can so cashing alts coins might be an good option but maybe risky too.Also that alts coins has suffered a lot this year,I think mainly because of China banning ICOs which had a great impact for all.
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October 13, 2017, 10:07:31 PM
 #82

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
Bitcoin is like central bank to others coins and just like a sayin "when America sneezes, other countries cache cools" is the same effect we are having on bitcoin and altcoins.Currently bitcoin is in bullish market and most of the altcoins are bearish and in September when bitcoin was bearish every alternative coins were all bearish. Many speculators are saying coins is going to get inflow to altcoins by traders dumping bitcoin, I did not see this happen as when ever bitcoin get dump altcoins also get dump.

It was just a matter of domino effect that bitcoin has been really hitting of, and if you are going to look on how it made altcoins go down the scenario is now taking into domination of all crypto currencies. That's why altcoins investors were now dumping their holdings due to the rising value of bitcoin so far. That's confirmed alternative coins were all bearish and for me its getting unstoppable now nobody can stop the pumping of btc value.
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October 13, 2017, 11:06:54 PM
 #83

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

In my opinion, most of the altcoins follows the flow of btc, so whenever the btc goes deeply the alcoins will also follow. Investors tend to do some decisions because of BTC's price.


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October 14, 2017, 12:49:12 AM
 #84

It seems that everyone sell to buy Bitcoin
I am just not sure to buy altcoins now,
I ll wait altcoins to drop further and buy it back
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October 14, 2017, 12:55:29 AM
 #85

For what i am seeing alts give to BTC and btc rise like really rise, but when i looked at the chart of btc everytime it goes down eth goes up so there's a possibility that the reason btc going down is because of eth and xrp going up.

 
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October 14, 2017, 01:33:32 AM
 #86

For what i am seeing alts give to BTC and btc rise like really rise, but when i looked at the chart of btc everytime it goes down eth goes up so there's a possibility that the reason btc going down is because of eth and xrp going up.
That is not how it works, even the altcoins will go up very high, the price of bitcoin will not change and the only factor that makes the price of bitcoin goes down is the demand of the people in the market who are buying and selling bitcoin and it affects only the altcoins if the price will go up pretty high but if altcoins will go up then there is no price change in bitcoin.

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October 14, 2017, 02:04:13 AM
 #87

This occurs because almost all altcoins are traded as pair with Bitcoin, so as the bitcoin price rises, the relative price of the altcoin will fall and trading becomes less profitable. Then, people sell their altcoins and HODL Bitcoin which drives the altcoin prices down even further.

Good luck and remember that as the shock of Bitcoin rising fades, the altcoins will catch up!  Tongue
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October 14, 2017, 02:46:21 AM
 #88

At this time we can see Bitcoin is rise to excellent price and the rising effect was very influential on altcoin. No wonder if so because altcoin follows bitcoin so whenever bitcoin rises then altcoin will go down. Investors are more interested investing on coins that have value movements that tend to rise.

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October 14, 2017, 02:59:03 AM
 #89

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

Well Bitcoin,as most recognized cryptocurrency,serves as a magnet for money flow into the market.
People are looking for next big opportunity,for next 'under the radar' coin which will make them lots of profits.
People generally,only when they hear about bitcoin pump,get interested in other cryptos,hence more investing and the price rise.
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October 14, 2017, 07:11:59 AM
 #90

The increase in bitcoin prices is affecting the altcoins prices negatively. Because many people are selling altcoins and trying to get Bitcoin. October 25 is a very important date for split. If the split is positive, altcoins prices may fall too much.
It is going to be a positive fork in the sense that there will be free coins everywhere, hopefully if we see a wallet for it since for now there is nothing of such yet and I am not even hearing any single development on that part.
Once the fork is over and we are able to get our free coins, it will be another bullish ride for bitcoin as we dumped the shit free coin for the boss.
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October 14, 2017, 07:17:06 AM
 #91

when bitcoin price is up, altcoin price is down although not all altcoin will be down. people get panic when they see btc is down and they better to hold btc than altcoin but in different case, holding altcoin is good enough because when altcoin price is recover, sometime the price more higher than the last time. people is trying to earn bitcoin than altcoin because bitcoin is worth and we can cash out our bitcoin to fiat but altcoin could be our help to increase our bitcoin amount.

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October 14, 2017, 07:21:24 AM
 #92

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

I think, many people are selling his altcoin and holding his bitcoin. That's why altcoin freefall and bitcoin will continue to rise. But, all going back in time.

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October 14, 2017, 07:22:09 AM
 #93

Yeah, you are right. I also obserbed it. Currency trader's invest their money on rellying on btc
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October 14, 2017, 07:34:56 AM
 #94

It seems that everyone sell to buy Bitcoin
I am just not sure to buy altcoins now,
I ll wait altcoins to drop further and buy it back

That is really the cool idea because now people are selling altcoin for Bitcoin because the value of Bitcoin is kept increasing so people selling for low and aiming for the higher return with the Bitcoin. I think if you can hold the coin for some more days we can even make more money when compared to now.

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October 14, 2017, 07:46:34 AM
 #95

It looks like people are "following the money". Investors in altcoins are making incredibly risky bets, so when they see a more mainstream and solid cryptocurrency on it's way high, then they will sell off their altcoin portfolio in and effort to raise the maximum amount of bitcoin. It seems like basic economics, obviously there will be some people who are entering and exiting the market too late, they are the ones losing money.

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October 14, 2017, 08:46:12 AM
 #96

In fact, Bitcoin prices are affecting Altcoin's prices negatively. But I can not say the same for Ethereum prices. Bitcoin prices are going to be very similar to the prices of Ethereum. But many people have suffered from the price of Altcoin. After 25 October, everything can change.

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October 14, 2017, 10:08:28 AM
 #97

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
Bitcoin is like central bank to others coins and just like a sayin "when America sneezes, other countries cache cools" is the same effect we are having on bitcoin and altcoins.Currently bitcoin is in bullish market and most of the altcoins are bearish and in September when bitcoin was bearish every alternative coins were all bearish. Many speculators are saying coins is going to get inflow to altcoins by traders dumping bitcoin, I did not see this happen as when ever bitcoin get dump altcoins also get dump.
Bitcoin has influence on crypto market as well as altcoins all the coins are seeing the charts of bitcoin so that they can decide their future a lot of people are saying that altcoin is better I want to get answer how many of people across the globe will accept altcoin as they are already attached to bitcoin and on top of it bitcoin is the most profitable as compare to altcoins.
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October 14, 2017, 02:04:58 PM
 #98

Nice observation, yup when BTC is in the acceleration phase or Bitcoin rally. Altcoin prices are falling down.
But I noticed one thing. ETH price in USD is also souring high during the BTC rally.
So instead of keeping BTC during the Bitcoin rally. I buy it with ETH as it gives me higher profit in USD.

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

really?? if that so should i sell all my eth now in usd? im really having a hard time learning trading but I reaaally am eager to learn. haha im stuck at eth im just patiently waiting for the correction if there will be..
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October 14, 2017, 02:25:01 PM
 #99

Nice observation, yup when BTC is in the acceleration phase or Bitcoin rally. Altcoin prices are falling down.
But I noticed one thing. ETH price in USD is also souring high during the BTC rally.
So instead of keeping BTC during the Bitcoin rally. I buy it with ETH as it gives me higher profit in USD.

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

really?? if that so should i sell all my eth now in usd? im really having a hard time learning trading but I reaaally am eager to learn. haha im stuck at eth im just patiently waiting for the correction if there will be..

The correction will come but not just soon. It is expected when the fork comes.
The fork should cause more sharp movement in the market, which could lead to a rush in temporal sell off of bitcoin.

Meanwhile, as for learning to trade, is nice. Make your mistakes and understand why you made the mistake so you don't keep repeating it. If you are lucky, you might learn from other's mistakes. Determination and patience will help you. Do more research.

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October 14, 2017, 03:08:32 PM
 #100

Nice observation, yup when BTC is in the acceleration phase or Bitcoin rally. Altcoin prices are falling down.
But I noticed one thing. ETH price in USD is also souring high during the BTC rally.
So instead of keeping BTC during the Bitcoin rally. I buy it with ETH as it gives me higher profit in USD.

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

really?? if that so should i sell all my eth now in usd? im really having a hard time learning trading but I reaaally am eager to learn. haha im stuck at eth im just patiently waiting for the correction if there will be..

The correction will come but not just soon. It is expected when the fork comes.
The fork should cause more sharp movement in the market, which could lead to a rush in temporal sell off of bitcoin.

Meanwhile, as for learning to trade, is nice. Make your mistakes and understand why you made the mistake so you don't keep repeating it. If you are lucky, you might learn from other's mistakes. Determination and patience will help you. Do more research.

yes I realized that cryptotrading is continuous learning. I should never stop updating myself on trendz
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October 14, 2017, 03:10:06 PM
 #101

I think Bitcoin and Altcoin is interconnected indirectly. Price chart and the top altcoin have almost the same graph, but they can alos different sometimes

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October 15, 2017, 06:18:03 PM
 #102

I see a break in btc at the moment, everybody is buying ether now. Perhaps it is the moment for the altcoins now?
Altcoin is a good coin but it is only good if you are planning for day trading or short term investment. Bitcoin is the top rated coin in the world of crypto currency. Bitcoin had not only affected the market of altcoin but so many other coins as well. Bitcoin is taking control over the market in such a great way. Most of the investors are very much interested in bitcoin investment.
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October 15, 2017, 06:31:58 PM
 #103

Alt coins are almost entirely traded based on bitcoin and when most of the investors want to buy bitcoin at one time, they tend to sell their altcoins to get the BTC. That's why we see Bitcoin rise with altcoin dip. Also when bitcoin crashes, averyone in panic, so alcoin dip is there too..
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October 15, 2017, 07:02:21 PM
 #104

Everybody is pulling money out of their altcoins into BTC to wait for the hardfork and collect their bitcoin gold. But as long as there are hardforks on the BTC agenda, don't expect a large pullback.
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October 15, 2017, 11:30:58 PM
 #105

Everybody is pulling money out of their altcoins into BTC to wait for the hardfork and collect their bitcoin gold. But as long as there are hardforks on the BTC agenda, don't expect a large pullback.
And how long do you think that's gonna last? How many chain splits are there going to be?

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October 15, 2017, 11:56:05 PM
 #106

Everybody is pulling money out of their altcoins into BTC to wait for the hardfork and collect their bitcoin gold. But as long as there are hardforks on the BTC agenda, don't expect a large pullback.

This is the usual case. Prices of bitcoins go up then altcoins go down, but when prices of bitcoins go down prices of altcoins go up. It has never failed. So right now prices of altcoins are very cheap, probably this is the best time to buy alts and dump some btc as probably this is another all time high that will just be an all time high. It will probably go down in a few days or weeks then prices will then again move sideways. Or if a trader prefers not to buy altcoins, selling at all time highs like this for fiat is another option which is the next big thing. Then just buy back when prices dumps.
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October 16, 2017, 12:16:56 AM
 #107

Everybody is pulling money out of their altcoins into BTC to wait for the hardfork and collect their bitcoin gold. But as long as there are hardforks on the BTC agenda, don't expect a large pullback.
And how long do you think that's gonna last? How many chain splits are there going to be?

There will be no chain or coin split that will happen. Hard fork is an upgrade of nodes in the network and it doesn't harm bitcoin.
While bitcoin gold isn't a result of hard fork instead it's more likely an airdrop that we can get during the hard fork.
That's why many are holding their coins tight to get the equivalent of it. Well, who never loves airdrops anyway?

 
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October 16, 2017, 06:00:52 AM
 #108

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

Sometimes that was just a coincidence that bitcoin and some altcoin price chart go the same way. There are times that bitcoins is increasing its price but some of the altcoins are bleeding like happening this week because of the upcoming fork. Afterall bitcoin is the king of all coins so it slightly affects the price of other coins.
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October 16, 2017, 10:42:20 AM
 #109

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

In my assessment in this things, according to what I read here in the forum. When bitcoin goes up rapidly, most of the altcoin goes down, there are few altcoin only is getting higher, which I don't know if it is just a pump only. Then when bitcoin down most altcoin was getting higher. That's was just my opinion only.
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October 16, 2017, 11:10:25 AM
 #110

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

In my assessment in this things, according to what I read here in the forum. When bitcoin goes up rapidly, most of the altcoin goes down, there are few altcoin only is getting higher, which I don't know if it is just a pump only. Then when bitcoin down most altcoin was getting higher. That's was just my opinion only.
Btc goes up because everyone sells alts and convert them to bitcoin. If you check total marketcap there are some interesting circulating numbers.Total cap is same and bitcoin price continues in uptrend channel.

 
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October 16, 2017, 07:49:12 PM
 #111

Yes, Bitcoin's price always influences the Altcoin. If Bitcoin will pump obviously Altcoin will dump. And when Bitcoin dumps Altcoin will pump. Sometimes it goes to 2x or more.
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October 16, 2017, 07:56:14 PM
 #112

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??
There is a movement that is well established. People come to crypto thru BTC so, when there is hype like this and a strong movement of BTC some of the money returns to BTC from alts. When BTC price establishes a bit some of that money come back to alts and all the market moves up. Of course there are pumps and dumps in the middle as well. So with so much cheap alts around or so much time and lots of new money in BTC we should expct a market increase soon. And off course BTC will keep uping as well.

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October 16, 2017, 09:23:11 PM
 #113

because most if not all altcoin are traded with btc pair, and most invested in altcoin using bitcoin as their base currency.
so yeah, it is somehow related in price movement when there are big news.
That matched to the situation where bitcoin face a dip and alt has the same effect. Bitcoin has very well got its place and created a dependency on other alts. On someway bitcoin created its place to decide the market trend of other altcoins. I mean bitcoin used to buy altcoins. Good promoting without intention.
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October 16, 2017, 09:51:40 PM
 #114

Yes, Bitcoin's price always influences the Altcoin. If Bitcoin will pump obviously Altcoin will dump. And when Bitcoin dumps Altcoin will pump. Sometimes it goes to 2x or more.


I feel something fishy about ongoing processes in markets. Big altcoin sell orders are disapperaing in bittrex but 5 minute later same order appears on poloniex. Prices are heavily speculated by traders and end of story doesnt look like good...

 
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October 16, 2017, 11:29:01 PM
 #115

because most if not all altcoin are traded with btc pair, and most invested in altcoin using bitcoin as their base currency.
so yeah, it is somehow related in price movement when there are big news.
That matched to the situation where bitcoin face a dip and alt has the same effect. Bitcoin has very well got its place and created a dependency on other alts. On someway bitcoin created its place to decide the market trend of other altcoins. I mean bitcoin used to buy altcoins. Good promoting without intention.

Yes it's a fair situations and I think the effect is not that worst because bitcoin is now really gaining it's good price as well. If we are speculating any negative effects, then I must stay intact with the priciple of holding for future profit. Those altcoin that drops its value, its not an effect of bitcoin price surge, but rather fluctuations from dumps of sellers. Same as what happened with bitcoin previously, more sells happened due to investors needed fiat yet they exchanged their holdings to cash and thats normal with digital currency.
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October 17, 2017, 01:38:54 AM
 #116

I noticed that most times when btc is rallying almost all of the altcoins dip. and when there is a crash in btc all altcoins suffer as well. my interpretation is that for the first alts can't sustain the price against the $ if btc is high. and for the second, everyone is panic selling btc.
what do yo guys think ??

Basically, altcoin comes from BTC so therefore, whatever the effects of BTC is, expect the same effect in altcoins. If they did not go with the same flow it is because of the different issues or news that are happening in the world. Social media sometimes play a great role with the price stability of the cryptocurrency so expect the great price change in every situation.


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October 17, 2017, 01:57:44 AM
 #117

As per observation, When btc rises alt-coin such as eth also soars up, as well when it goes down, There's a correlation in btc vs all other forms of alt coin, and if you en cash alt coins, every token shall convert first to btc before it goes to final destination. This is the reason alt-coin needs BTC. Alt-coin rely mostly on the path of BTC.
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October 17, 2017, 02:21:46 AM
 #118

Yes, Bitcoin's price always influences the Altcoin. If Bitcoin will pump obviously Altcoin will dump. And when Bitcoin dumps Altcoin will pump. Sometimes it goes to 2x or more.


I feel something fishy about ongoing processes in markets. Big altcoin sell orders are disapperaing in bittrex but 5 minute later same order appears on poloniex. Prices are heavily speculated by traders and end of story doesnt look like good...

We know that the markets are manipulated by whales because it is not regulated so they can do whatever they can. For us small time traders, we need to know or at least have an idea of what the whales are doing so that we can ride their trades. Many professional traders can read the market and can identify an unusual movement that's why they are profitable so for us or at least for me, I need to always be careful with my trades because a lot of manipulation is going on so we should always protect our funds by having stop loss in place and not be greedy when the price goes up as the prices in altcoin is very volatile and pumps and dumps happen more often.