jackolinyoko
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Activity: 204
Merit: 10
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December 08, 2017, 06:29:54 PM |
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Theres a lot of factors to be considered,a lot of investors from wallstreet are joining our community thats why the BTC surges up and still rallying right now,alts are bleeding because they are measured in satoshi which is from the BTC,hence increasing or decreasing the BTC price will bleed the alts and if the BTC stabilized the alts will grow.
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siddartha1492
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December 08, 2017, 07:08:59 PM |
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I think it is simple market economics. If one thing is selling in large volumes, then it automatically affects other things. When the market is bullish then it attracts even more money, because of which people have less money to spend on other options (alts). And when these other options are in less demand, then their prices automatically fall.
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kryptqnick
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Join the world-leading crypto sportsbook NOW!
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December 08, 2017, 07:51:56 PM |
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We only have alts to bitcoin trading pair, only few alts have fiat pairs so basically all altcoin's price depends upon bitcoin. When bitcoin will surge people will sell their alts to get bitcoin so that they can sell at higher price on end of the surge.
This is the only reason behind pump and dump relation between bitcoin and other alts.
I think that's wrong. If you look at the charts you'll see that sometimes alts go down when btc rises and sometimes they go up. When bitcoin is down alts can also go up or down. It is all up to people and they have different mood. I think altcoins depend more on the specific markets and news about some updates. Yet most of the time I guess it's impossible to determine why the coin is rising. For instance, why did bitcoin cash pump a lot about 2 weeks ago? Why is litecoin suddenly so up? How comes people started noticing that IOTA is a good project? We don't have answers here. I think a lot of that can't be predicted in advance and sometimes is even never explained. |
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Ryan Dugan
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December 09, 2017, 04:01:03 AM |
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This is something I never could understand, what is there connection really? Every time we see BTC going up most of other ALT coins on the market showing red, value percentage going down, what is that about?
It doesn't always. Sometimes altcoins go up along with bitcoin. It is all very complicated and there are so many reasons that altcoins can go up and down but I don't think you should group all other coins in one group and talk about them all just calling them "altcoins" they are all seperate coins so having just 2 groups (one being btc one being altcoin) is not really fair. I will say it is stramge that lately it seems the price of many alts are going down. Maybe people want to sell them to get the btc that is worth so much now but I don't see the point you don't need to sdell your alts when they have good bitcoin value because you can sell them when you want. |
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rurubot
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December 09, 2017, 05:24:23 AM |
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One of the theories is Bitcoin's price is inversely proportional to altcoin's price. As the value of bitcoin inceases, altcoins value decreases due to the decisions of some altcoins' users to transfer over bitcoin. But that is not always the scene.
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(ಥ_ಥ) I AM STILL (ಥ_ಥ)
(´・ω・`)LOOKING FOR( ˘•ω•˘ )
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jonnybravo0411
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December 09, 2017, 05:31:50 AM |
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This is something I never could understand, what is there connection really? Every time we see BTC going up most of other ALT coins on the market showing red, value percentage going down, what is that about?
Do you think that there is a relationship or is it just an accident. Yes, people sell, but not all and not a lot, but the Altcoin are always in the trend, because it's first competitor worthy and secondly it's dynamic and fresh. |
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hadisaw
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December 09, 2017, 05:40:29 AM |
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It can be said that people sell their altcoin as soon as possible in order to make a profit by holding btc. That's a natural thing if you're an old player in the world of cryptocurrencies.
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criticoflife
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December 09, 2017, 07:18:45 AM |
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This is something I never could understand, what is there connection really? Every time we see BTC going up most of other ALT coins on the market showing red, value percentage going down, what is that about?
It's just people jumping on the bitcoin gravy train and dumping all there other coins in the hope that they can buy more of the altcoins back afterwards after bitcoin makes them some gains. I am tired of this current bitcoin bullish rise affecting all my alts values i hope it ends sometime shortly. On the bright side there are some extremely good altcoin prices right now, i think bitcoin must be near plateauing for the current period so we have a big chance to make some good earns soon! |
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pey
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December 09, 2017, 07:23:22 AM |
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Who says there is a connection, it is like a financial markets not predictable, sometimes they all increase together, or bitcoin decrease others rise or fall...
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aldrin6697
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December 09, 2017, 02:04:09 PM |
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It is changing investments from less risk to profit. Bitcoin is constantly increasing in value making investors from altcoins to transfer to bitcoin this is most especially to those who are new in the league.
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Minor Miner
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December 09, 2017, 05:37:54 PM |
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The market of altcoins reacts very sharply to BTC volatility. When bitcoin rises in price every altcoin becomes cheaper - this is logical, because their price is expressed in relation to bitcoin. But when bitcoin becomes cheaper, the whole market is in panic and altcoins drop in price even more.
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indrakusumaindra
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The Standard Protocol - Solving Inflation
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December 09, 2017, 05:43:07 PM |
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This is something I never could understand, what is there connection really? Every time we see BTC going up most of other ALT coins on the market showing red, value percentage going down, what is that about?
i think its basically only where to invest. it happen quiet often. every time bitcoin rise altcoin seems going down and opposite. i think its only market appetite. its especially happen to ETH which is eth is the second of the best coin in the market. |
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qazgroup
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RiveMont
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December 09, 2017, 05:45:29 PM |
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Basically the connection is with usd, the bitcoin value of the altcoins is decreasing but in terms of usd it remains about the same, so I think market works predominantly in terms of usd.
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cryptofirm
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December 09, 2017, 05:49:49 PM |
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This is something I never could understand, what is there connection really? Every time we see BTC going up most of other ALT coins on the market showing red, value percentage going down, what is that about?
simple,, because all funds from altcoins move to bitcoin,, so, when people sell altcoin for bitcoin in huge, the price will be down |
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solarion
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December 09, 2017, 05:56:31 PM |
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This is something I never could understand, what is there connection really? Every time we see BTC going up most of other ALT coins on the market showing red, value percentage going down, what is that about?
i think its basically only where to invest. it happen quiet often. every time bitcoin rise altcoin seems going down and opposite. i think its only market appetite. its especially happen to ETH which is eth is the second of the best coin in the market. Past two hours bitcoin price started falling in the chart. Have you notice that bro. But the same time altcoin price is grows more especially ethereum and litecoin. Gather the proper information about the all the altcoins. If you are fine that concern coin you gonna invest will be big means you can go ahead to invest on that to make money. To answer the op query we have a comparison between USD and bitcoin will be make you to have a look on it. Actually as he said price movement is does not goes like that we find the price movement in altcoin also when we find the bump in btc. |
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Greedy squirrel
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December 09, 2017, 06:03:39 PM |
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If bitcoin goes up, the altcoins go down. If bitcoin goes down, the altcoins also go down. Altcoins begin good growth when bitcoin stably stands still. We must wait for this moment to succeed.
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Muhammad Muneeb
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📱 CARTESI 📱 INFRASTRUCTURE FOR DAP
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December 09, 2017, 06:31:55 PM |
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i can explain this well because i have made a loss in trading because of this. but it was on etherdelta but you will understand i purchased quantstamp for 14 cents which was (0.0005) at that time when ethereum was trading for 320$ so i got 320$/.14s = 2285.71 and afrer 7 days ehtereum price touched the level of 470$ and the quantstamp was trading for .16$ which was at the moment 0.0003 and then i sold my 2285.71 QSP for 0.0003 eth per qsp so i got 0.0003*2285.72 = 0.685716 ETH but my investment was 1 ETH. so i got loss in ETH. never see price of any altcoin in $$ always calculate in eth or btc in which coin is really expressed hope this will help you to understand  |
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Caesar-Giulius
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December 09, 2017, 07:10:29 PM |
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Technically, when BTC price go up fast and altcoin price don’t go up as fast, it will appear as a lost against BTC. But if you compare the USD price for altcoin, you shouldn’t see much that much losses unless traders are selling altcoin to get into Bitcoin.
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ghostunicorn
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December 09, 2017, 07:12:48 PM |
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This is something I never could understand, what is there connection really? Every time we see BTC going up most of other ALT coins on the market showing red, value percentage going down, what is that about?
There is no constant correlation between bitcoin and altcoins. In the old days, the correlation was inverse between them, not it's complicated, we can't understand it. |
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Snaic
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December 09, 2017, 08:23:17 PM |
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Now bitcoin is growing in its value because demand for it is increasing. The rapid rise in bitcoin prices leads to the fact that more and more people are beginning to invest in it in the hope of getting a good profit. This means that the money that might have been intended to invest in altcoyins, go for investing in bitcoins, which looks more profitable. In addition, some partially sell altcoyins during the growth rate bitcoin and also invest in it. This explains why if bitkoyn grows in value, altkoins usually fall in price.
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