When BTC up, Why ALTCOIN suddenly down .?

[jayc89]

When bitcoin growing and altcoin go down it is fork fault. People sell own altcoins for buy as many as possible bitcoin for get bitcoin gold who can give great profit. It is all

The hard fork is one of the reasons why Bitcoin is getting pumped and there is nothing that people here can do about it. Just wait it out.

[Orsenise]

BTC is considered the "standard" in the crypto world and it usually drags the market along it. It has the highest market capitalization (over 100 billion) and the other half belongs to all other coins. Since BTC is so well capitalized (there is so much money invested in it) it tends to work as a "hedge" against other coins. What that means is, that when BTC is going up in the past alts where going down and vice versa, but now that BTC is gaining more market share again we're seeing the opposite, that alts move according to BTC (if that goes up, alts go up as well). Having said that, traders still try to find a balance between BTC and alternatives, so when money is flowing out of BTC it usually goes to other coins (there are many good potential projects out there who can gain millions and billions in capitalization in the close future).

[strickland]

Bitcoins increase the price of most investors will immediately withdraw from the altcoin to bitcoin to increase profits so if you notice, when the bitcoint price increase, the volume of the altcoin suddenly dropped to altcoin will discount. At times altcoin along with bitcoin price increase

Money could stay in BTC, it depends on the people that were wanting to see how much the network improved because of it.

[BartS]

I have some doubt about Crypto network , BTC is the major one i Know but when BTC is going UP Why ALTCOIN is suddenly going down what is the link between BTC  and  altcoin ? I'm new to Crypto network, These days I focus on BTC veriation and Altcoin veriation then I get this problem.

Hope seniors help me to clarify this matter

I think that what happens is that there is a limited amount of money currently moving in crypto and when bitcoin goes up it absorbs a lot of money from the market and that leaves a very low amount of money for alts and that makes the price of all alts to go down, but I think we are going to see a small decrease in the price of bitcoin and that is going to make alts to go up in the short term.

[rysea2]

It's like the old habit, when it goes up down the altcoin will go down. it's because people sell their altcoin to get btc.

[caeles]

When BTC goes up, altcoin goes down because most of altcoins depends on BTC's price. For example, ETH's price is equal to 0.04 BTC and when BTC increases its price, the ETH's price will go down because it needs to follow the price rate. We can say that altcoins are inversely proportional to BTC's price so when BTC goes up, altcoins go down.

[wojak]

1. When BTC is raising, people are moving capital because they are greedy and inpatient, they hope they will earn more on BTC.
2. Price in BTC is falling but price in USD stays, I do not have chart now, but on tradingview you can create chart where you can create formula to see it even only on BTC - with capitals
3. some people are spreading hype to sell high
4. some people are spreading panic to buy low