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Author Topic: Bitcoin is down, all alts are up?  (Read 886 times)
inthelongrun
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November 14, 2017, 11:00:06 PM
 #41

Friends, I am curious, now, when Bitcoin is down, does it mean that all altcoins will grow? On November, 12 we saw the greatest jump of Bitcoin Cash. Is there a possibility the same will happen with other alts?

It will always be a possibility. Everything is pretty possible here in the world of crypto. I did not think that it was possible for Bitcoin Cash to jump that higher suddenly to reach a very big value in a quick time. But it all happened. So if its possible to Bitcoin Cash I think it is also possible to some other projects provided they have a strong support.
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November 14, 2017, 11:00:55 PM
 #42

Friends, I am curious, now, when Bitcoin is down, does it mean that all altcoins will grow?
Yes the alt coins are growing when bitcoin is down but there are times that everything that is going up too when bitcoin is up. There is a rally between bitcoin cash and bitcoin, and it's like alt coins are partial with bitcoin so the market is affected.

On November, 12 we saw the greatest jump of Bitcoin Cash. Is there a possibility the same will happen with other alts?
Yes, it is also happening to Ethereum even before the bitcoin cash great pump.


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November 14, 2017, 11:02:24 PM
 #43

Need to remember we're entering the Christmas period soon so any companies will most likely wait until Q1 before releasing any big announcements. I wouldn't be surprised to see all coins gradually dip over the holiday period and then come back in the new year.

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November 14, 2017, 11:22:39 PM
 #44



A year ago that seemed to be always the case, but now it's not necessarily the case. The reason for that is that people were holding to BTC exclusively to get free coins via the fork that never happened. Once people realized the fork was no where to be seen, they decided to reinvest in ALT-Coins which had been damaged by the recent mania to get free fork coins.

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November 14, 2017, 11:28:09 PM
 #45

Yes if BTC is up then alt is going down. It happens only when bitcoin is moving up slowly or moving down slowly. But few weeks ago while Bitcoin pumps fast and dumps fast altcoin dumps. So its good to buy alts now.

Friends, I am curious, now, when Bitcoin is down, does it mean that all altcoins will grow? On November, 12 we saw the greatest jump of Bitcoin Cash. Is there a possibility the same will happen with other alts?
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November 14, 2017, 11:32:19 PM
 #46

Hmm it would be perfect, but not really. You are correnct that it used to preserve like that, but the last time during the Bitcoin gold fork someting get broken. In the same time Bitcoin cash started grow, and at the end all alts lost and both bitcoins gain. By the way, the case when bitcoin is losing alts should growing and the whole market should be green.
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November 15, 2017, 12:42:39 AM
 #47

Altcoin holders will sell when they expect to make more profit with Bitcoin, and the other direction, when Bitcoin goes down or is neutral investors will look for speculative plays in the altcoin markets.
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November 15, 2017, 02:06:56 AM
 #48

Friends, I am curious, now, when Bitcoin is down, does it mean that all altcoins will grow? On November, 12 we saw the greatest jump of Bitcoin Cash. Is there a possibility the same will happen with other alts?

In what i observed, if bitcoin is down the altcoins also decreases and only few pumps. The time that altcoins pumps is when bitcoin is slowly maintaining its price.

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November 15, 2017, 02:08:15 AM
 #49

Yes, at least ETH vs USD back to $300+, previously was poorly below $300  Cry

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November 15, 2017, 02:25:23 AM
 #50

Friends, I am curious, now, when Bitcoin is down, does it mean that all altcoins will grow? On November, 12 we saw the greatest jump of Bitcoin Cash. Is there a possibility the same will happen with other alts?

There is a volatility with all coins. Some go up and some go down. Hard to predict based on the markets. BCH is just a split off Bitcoin so really it has the name notariaty that goes with it.

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November 15, 2017, 02:31:17 AM
 #51



A year ago that seemed to be always the case, but now it's not necessarily the case. The reason for that is that people were holding to BTC exclusively to get free coins via the fork that never happened. Once people realized the fork was no where to be seen, they decided to reinvest in ALT-Coins which had been damaged by the recent mania to get free fork coins.

this

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November 15, 2017, 02:35:41 AM
 #52

maybe yes if we can see today, all coin is up, you can see that zxc is increase 20% in last 24 hours, ETH is increase 10%  in 24 hours, maybe we can make conclusion that if bitcoin price is down and stable other altcoin price will going up

When new money enters the market, it floats many boats. When inflows decrease, rotations seems to dominate valuations.
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November 15, 2017, 02:40:20 AM
 #53

It's possible but not likely because alts will have to go up more than bitcoin is going down.

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November 15, 2017, 02:42:55 AM
 #54

It doesnt mean because bitcoin is down all alts will go up,it defends on how the market reacted on situation.just like now.only bitcoin cash is moving forward while lots of alts stays down,and bitcoin it self fighting for supremacy so i think we must watch out for what will happen

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November 15, 2017, 02:45:53 AM
 #55

Yes some of other alt I am holding also gained good pump centra ctr gained 10% gain after segwit2x cancellation so there will be chance of good price hike of high potential altcoins once bch pumpers stop their cheap strategy.
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November 15, 2017, 02:47:33 AM
 #56

Friends, I am curious, now, when Bitcoin is down, does it mean that all altcoins will grow? On November, 12 we saw the greatest jump of Bitcoin Cash. Is there a possibility the same will happen with other alts?

Last few days bitcoin was down a little by the price in the crypto market, and those altcoin was rising up. Many token distributed in many ICOs project because of this and giving free airdrop for the participants, but now bitcoin slowly recovered the price go high again.
Then go back to you question, definitely no possible of increasing of altcoins because there are too many now emerging altcoin in crypto market.

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November 15, 2017, 02:55:20 AM
 #57

Don't worry guys. If one coin increase the other coin will decrease. I think that all is usual. We must wait and believe that bitcoin will be rising again  Wink

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November 15, 2017, 03:01:39 AM
 #58

In a scenario of stock market, price will go up based on the performance of the company and sometimes the market can be predicted and can be anticipated its future value while cryptocurrency like bitcoin and altcoins are based on supply and demand, it is volatile and unpredictable. For the last 2 quarters this year the bitcoin's demand goes up to due to fork thinking that any altcoin forked from btc will give some 1:1 payback that's why the btc price goes up and some altcoins go low. Now, when the latest fork announcement was failed, some of the bitcoin players dumped some part of its bitcoin into an altcoin exchange that's the reason why the price comparison was inversely proportional. FUD is still a part of this unpredictable price of altcoins maybe in a couple of months both altcoins and bitcoin's price will stabilized.
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November 15, 2017, 03:14:43 AM
 #59

In fact when bitcoin was down then all of altcoins was almost down,recently bitcoin cash was distributive case. Bitcoin is occupied 53.8% marketcap currency so it will lead the market
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November 15, 2017, 03:18:36 AM
 #60

Friends, I am curious, now, when Bitcoin is down, does it mean that all altcoins will grow? On November, 12 we saw the greatest jump of Bitcoin Cash. Is there a possibility the same will happen with other alts?
It is happening already, Before BTG/S2X we saw a big jump on Bitcoin's price and a bloody hell of price on AltCoins which means people transferred their money into BTC to get free coins, Bitcoin's price dip after the cancellation of S2X with that same time we saw some alt's are impressively increased their prices and some of them are back now.

The BCH price jump is a different story, it is caused (we'll probably) by Big Whales to attack Bitcoin and create a FUD and illusion that BCH is more superior on BTC. As of now the dip on BCH is happening and BTC is now slowly on an uptrend movement, and also Alts are now on an uptrend movement.

As you can see the clear loser here is the BCH.
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