Herbert2020
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January 23, 2018, 06:53:49 AM |
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it is the money flow, so if you want to understand how things work, you need to follow the money so to speak.
try and figure out where it is going. in or out, and where. for example each time bitcoin is rising you can see the same drop in altcoins and if you check the volume, you can see the "money" has gone to bitcoin and has dropped out of altcoins.
and during the bitcoin stability periods, the "money" is going into altcoins. but if you look closer you can see that the money is spread but the smart money is focused only on 2 or 3 altcoins tops which will be getting pumped as a result and then that smart money moves on to the next 2 or 3 altcoins. rinse and repeat.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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frmracc
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January 23, 2018, 07:07:41 AM |
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Trying to sell some coins with high gains to buy some that has dipped alot, but it seems they all move up and down together for the most part. This makes it hard to sell. Is this how it normally is? Been trading just a month now.
Well this 2 weeks since last week is a bloody red week for cryptocurrency. Almost all altcoins crashed and today the price is going down again right now. Actually when the bitcoin price crashed, some altcoins will go up but this is different. I don't know what happen but it seems this month will be a red month for cryptocurrency |
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simsamsum
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January 23, 2018, 07:11:09 AM |
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Trying to sell some coins with high gains to buy some that has dipped alot, but it seems they all move up and down together for the most part. This makes it hard to sell. Is this how it normally is? Been trading just a month now.
all coins are usually influenced by eachother since a huge amount of bots will short coins against eachother. Huge whales dont want to pay taxes on their gains, so instead of cashing out, they simply move their holdings around. Also note that Bitcoin Suisse is administering more than 500mUSD for their big clients. They do this with countless bots that will short against btc and altcoins. Therefore you often see primarily green candles when the top 20 coins are all in green as well |
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imdabest239
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January 23, 2018, 07:12:48 AM |
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Yes, exactly, when all the crypto market goes down, all the altcoins have the same pattern, since most of the olders are selling at that time because of FUD. So yes, it is normal to see altcoins following bitcoin's pattern. Trying to sell some coins with high gains to buy some that has dipped alot, but it seems they all move up and down together for the most part. This makes it hard to sell. Is this how it normally is? Been trading just a month now.
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Alpha0One1
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January 23, 2018, 07:16:57 AM |
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Trying to sell some coins with high gains to buy some that has dipped alot, but it seems they all move up and down together for the most part. This makes it hard to sell. Is this how it normally is? Been trading just a month now.
You can use the graph in coinmarketcap as historical reference. https://coinmarketcap.com/charts/You can see on the Percentage of Total Market Capitalization (Dominance) that there is some correlation between bitcoin price and alts, ethereum in particular. Historically, if bitcoin falls, some alts like eth, does go up in value. If both bitcoin and alts go down, you know that the money is flowing out -> to fiat. |
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Bonsaiav
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January 23, 2018, 01:22:15 PM |
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Trying to sell some coins with high gains to buy some that has dipped alot, but it seems they all move up and down together for the most part. This makes it hard to sell. Is this how it normally is? Been trading just a month now.
Of course not, they have different fluctuations depending on the 'large or small' number of 'users or investors' behind it. In the case of a 'mutual' decrease or increase, this is usually due to sales, and purchases occurring simultaneously on each cryptocurrency or possibly a simultaneous closing of cryptocurrency exchange accounts in a country. |
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eternalgloom
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January 23, 2018, 01:34:09 PM |
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Trying to sell some coins with high gains to buy some that has dipped alot, but it seems they all move up and down together for the most part. This makes it hard to sell. Is this how it normally is? Been trading just a month now.
Of course not, they have different fluctuations depending on the 'large or small' number of 'users or investors' behind it. In the case of a 'mutual' decrease or increase, this is usually due to sales, and purchases occurring simultaneously on each cryptocurrency or possibly a simultaneous closing of cryptocurrency exchange accounts in a country. They have different fluctuations when the market is relatively stable, but once Bitcoin starts dropping significantly, you'll see that the value of pretty much all altcoins is tied to the value of Bitcoin. That's not to say that you can't make a decent profit of of altcoins, like you said, there's a big difference in how much they fluctuate. I also wouldn't say that the parallels between BTC and alts are due to buy or sell orders happening simultaneously, that's an effect, not a cause. If the Bitcoin value drops, altcoins also become less valuable since they are traded in Bitcoin, thus their value in fiat also drops. Go check the BTC charts on coinmarketcap, you'll see a different picture. |
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angelcoins20
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January 23, 2018, 01:37:49 PM |
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I have also been monitoring how the market goes for quite sometime and it seems they move when the price of Bitcoin moves. So I guess yes, the coins are kinda related to each other than if someone moves the others will follow. Although there are some delays to other coins, but as soon as the Bitcoin is green, alts will also be green.
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riaruhs09
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January 23, 2018, 01:55:53 PM |
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Trying to sell some coins with high gains to buy some that has dipped alot, but it seems they all move up and down together for the most part. This makes it hard to sell. Is this how it normally is? Been trading just a month now.
just a few moments and they are not always together, but what keeps them almost always together are those traders who are panicking to sell their coins when they see the BTC price go down so they are almost in tandem. |
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Goaide619
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January 23, 2018, 02:02:53 PM |
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This cryptoworld and not stock market or FOREX. They move looks the same, I just wondering if this will be the behavior of this market. Or maybe We can assume that this is only happening due to heavy investment last December.
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yamortsac
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January 23, 2018, 02:13:51 PM |
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For me I think its not. There were times when the price of bitcoin is increasing, it is because the demand for it is increasing since there are many people who buy bitcoin and when the price is decreasing, it is because many are selling their bitcoins and they buy altcoins that's why the price of altcoins is increasing thus sometimes bitcoin has inverse relationship with altcoins.
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rzluetlhch
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January 23, 2018, 02:16:11 PM |
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not really, but you should aware that bitcoin is almost affecting all alternate coin. I am not sure why, but maybe many platform used bitcoin as a transaction method. If bitcoin go down or up, many alternate coin will follow it. But it is possible for alternate coin it self go up without when bitcoin is still steady.
Perhaps the status of bitcoin is too important. If anyone thinks Bitcoin does not work. He may take for granted that other coins will not work either. |
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apocrypha7
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January 23, 2018, 02:18:55 PM |
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corealtion moves, i think that's just happen in forex trading
but also cryptotrading too
i think this is because of BTC price
because of every exchanger have BTC and its always paired with altcoin
so when 1 altcoin down, BTC demand will increase
other alt will get more burden to balance its BTC demand
CMIIW
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Snakerist
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January 23, 2018, 02:25:28 PM |
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The number of altcoins is so high so they can't always move together  Always check news about them. |
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ngerok
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January 23, 2018, 02:32:10 PM |
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the market is in turmoil as well as Bitcoin, I think it is time to hold the coins instead of selling them because these are crucial moments and if you sell them now I think you will lose
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terzy
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January 23, 2018, 02:35:02 PM |
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Not all, but most of the coins will move up and down together and it's mostly influenced by the huge swings of btc price. Perhaps, people are so nervous about the bottom falling out of coins that any change to BTC causes a panic when the price declines
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crenfrosck
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January 23, 2018, 02:36:40 PM |
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It's like unwritten rule that most alts move with BTC as for most of them there is no other crypto pair to trade with. And even coins that are "independent" from this pairing are mostly moving as BTC (probably because people still feel more confident with BTC) or they want to use shorting.
So no, they don't have to, but they will and I think that it won't change in near future.
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===================================================== BILLCRYPT - CREATING HISTORY===================================================== |
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BitcoinTurk
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January 23, 2018, 02:48:14 PM |
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Sometimes yes, sometimes no because market is so active in last month(s). They can gain their value or loss their value easily.
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Metherry
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January 23, 2018, 02:55:07 PM
Last edit: June 23, 2020, 06:28:02 AM by Metherry |
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Trying to sell some coins with high gains to buy some that has dipped alot, but it seems they all move up and down together for the most part. This makes it hard to sell. Is this how it normally is? Been trading just a month now.
The cryptocurrency market is a volatile market, you have a group of currencies that have reached enough market capacities and thus have moved under the influence of larger currencies such as Bitcoin, some of which are still with low capacities and therefore will move with more random models. There are platforms that manipulate the prices of smaller currencies, so if you are not a professional, it is better to follow BTC/USD pair. sell some coins with high gains to buy some that has dipped alot is a dream for all investors you must have full time and some economy to know best time to buy and sell. you must loss some money when investing |
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zoata87
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January 23, 2018, 02:59:24 PM |
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If you are trading altcoin then now is not a good time to trade because the Bitcoin price is not very stable at the moment and has a lot of FUD. Usually, it is better to accumulate and increase the position of your favorite altcoin when the market is unstable. The altcoin market depends very much on the price of Bitcoin when the Bitcoin price fall then the price of altcoin will also follow.
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