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Author Topic: BTC effect on altcoins  (Read 4594 times)
Gozie51
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November 03, 2017, 05:43:12 PM
 #201

Yes it's. The normal thing everyone can see when Bitcoin price increase is almost other altcoins price dump because their price depend on Bitcoin and when Bitcoin price increase trader often try to exchange all their altcoin into Bitcoin cause they afraid and try to cut their loss so it make altcoin price dumped a lot, but it only happen with new trader who don't have much experience in trading.

Really, I'm also observing altcoin is dipping since the rise of bitcoin this past week. For instance, LTG has been affected badly since the beginning of this week and bitcoin keeps enjoying its bullish ride.

On the flip side then, what seem to be the solution? Since bitcoin and others don't ride same way  Grin

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November 03, 2017, 06:05:36 PM
 #202

Yes it's. The normal thing everyone can see when Bitcoin price increase is almost other altcoins price dump because their price depend on Bitcoin and when Bitcoin price increase trader often try to exchange all their altcoin into Bitcoin cause they afraid and try to cut their loss so it make altcoin price dumped a lot, but it only happen with new trader who don't have much experience in trading.

Really, I'm also observing altcoin is dipping since the rise of bitcoin this past week. For instance, LTG has been affected badly since the beginning of this week and bitcoin keeps enjoying its bullish ride.

On the flip side then, what seem to be the solution? Since bitcoin and others don't ride same way  Grin
There is no solution of it , i think the reason why is it just because that bitcoin is the coin of all the number coin so if there is something that might happen on bitcoin there is always a side effect on altcoin.
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November 03, 2017, 07:31:53 PM
 #203

Usually bitcoin's price will make altcoin's price down if it's rising. So solution for you when BTC's price losing their valuation is buy altcoin.

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November 03, 2017, 08:31:01 PM
 #204

All the altcoyins by and large are the forks of bitcoin. Therefore, fluctuations in the price of bitcoin will affect all other cryptocurrencies. Except for absolutely garbage.

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November 16, 2017, 09:42:48 PM
 #205

I don't really know why that is happening & this is actually affecting the growth of altcoins. Just recently, the bullish from bitcoin has resulted to the dip of certain altcoins like LTG etc.

I guess is because it is paired with so many altcoin and investors see it as a potential profit, so they will must times click the buy button rather than sell.  Grin

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November 16, 2017, 10:48:35 PM
 #206

I don't really know why that is happening & this is actually affecting the growth of altcoins. Just recently, the bullish from bitcoin has resulted to the dip of certain altcoins like LTG etc.

I guess is because it is paired with so many altcoin and investors see it as a potential profit, so they will must times click the buy button rather than sell.  Grin
Its always been like this, when Bitcoin is bullish and you see price of Bitcoin increasing and reaching all time high, expect alt prices to go down as alt bag holders wants to cash in or take advantage of the price of Bitcoin while its high. If you are holding alts, you could either hold and wait for alts to recover or or sell your alts enjoy the price of Bitcoin and buy alts again at discounted price.




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December 20, 2017, 09:55:43 AM
 #207

Trading on the ratio is like sayiung bitcoin will be stragnant while it rises. Not going to happen, you will lose a lot of money.
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December 20, 2017, 10:03:34 AM
 #208

Now the only rule for alts growing works: BTC is in "flat position": dont bounce up/down.
Earlier was another trend... It changes rather quickly.
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December 20, 2017, 10:36:09 AM
 #209

Normally when btc goes up, alt coins fall down. When btc goes down , alt coins move up.. Since these days btc goes down, many alt coins moving up.. You can see that clearly when you check the charts. Some people get panic due to this falling of btc. But at my point of view, I think this is the best time to increase the amount of btc we have. Buy some good alt coins and hodl them. So you can exchange them to btc when btc is down and can increase amount of btc you have.. BTC will move up soon again.. 
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December 20, 2017, 10:36:29 AM
 #210

You seem a keen observer. BTC price dictates the alt coin market. I also observed that among of all altcoins, ETH is getting higher also during BTC is up. But I cant say that it happens all the time that ETH gets pricy along with BTC's rally. For instances that you want your altcoins to be converted into money. You might need to convert your alt into BTC no matter how the price of your altcoin is, when BTC is falling you can expect that you only have a minimal chance to earn. I think you should noticed that by now. Bottomline is BTC always dictates the price of the alt coin.

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February 27, 2018, 05:52:43 PM
 #211

Yeah, some time btc will effect on price at the altcoins
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March 23, 2018, 01:58:58 PM
 #212

yes i am agree with you.i saw same pattern in doge coin.btc up doge down.
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March 23, 2018, 02:28:44 PM
 #213

BTC has a big effect on alts. when btc go up alts also will go up but when btc go down alts will go down but sometimes there are some scenarios btc is going down but alts is going up.

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March 23, 2018, 03:00:04 PM
 #214

BTC has a big effect on alts. when btc go up alts also will go up but when btc go down alts will go down but sometimes there are some scenarios btc is going down but alts is going up.

Indeed, and now when btc goes down, so with alts. Once bitcoin recovers, some times alts again gows down as people are.selling for bitcoin to take advantahe of higher value. Alta always  suffers a lot when there is price fluctuations.

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May 07, 2018, 07:22:56 PM
 #215

Nope, bitcoin does not affect the alternative coins because in the first place bitcoin is not related to alternative coins in any aspect of the business, in short they are not in the same roots in the company of bitcoin.
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May 07, 2018, 07:38:36 PM
 #216

i think about it all as a big trading stand point, if the MAIN traded currency is LOW then most of all tokens and other coins will be lowered kinda like if the dollar lost its value it'd only be logical for the cents to lose value, maybe not in physical value but definitely any trading value
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May 07, 2018, 08:10:58 PM
 #217

We can see alt's coin almost follow btc. Once btc grow up same time also alt coin up. When btc dump alt coin also dump slowly. But it not happened suddenly. As we seen yesterday btc growth down but alt still stay there. If btc stable now 9.5k zone, alts will be down slowly.

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May 08, 2018, 04:58:24 AM
 #218

Bitcoin is leader and have high influence in the market and it effect the altcoins when price fluctuate. Altcoin still struggling and didn't make strong platform to survive alone.It is possible to but will take time may be later or soon.

 
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May 08, 2018, 07:40:30 PM
 #219

Nope, bitcoin does not affect the alternative coins because in the first place bitcoin is not related to alternative coins in any aspect of the business, in short they are not in the same roots in the company of bitcoin.
Once, there had an effect of bitcoin over different coins. But right now, as the technology have gained much highness, modifications came along the path and coins become independent. Still, there are few coins who fluctuate accordingly with bitcoin but they are so low. Majority of the coins have become parallel with bitcoin and become independent of their effect on performance.

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May 09, 2018, 01:18:37 AM
 #220

Yes BTC ave influence to effect altcoins directly or indirectly.Rumors and wrong news badly effect the market people going panic sell of BTC and when price of BTC fall other altcoins also fall down.Actually most of altcoins based on the BTC platform which effect the altcoins.

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