Bitcoin Forum
October 21, 2018, 03:57:05 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Why does Bitcoin first grow on the exchange, and then other coins grow?  (Read 56 times)
AnnaGeraMsk
Jr. Member
*
Offline Offline

Activity: 266
Merit: 2


View Profile
February 16, 2018, 10:53:37 PM
 #1

I noticed that as bitcoinBTC grows, other coins lag behind by 15-30%, and then catch up, why they do not grow at the same time?

GigTricks
WORLD FIRST INTEGRATED FREELANCE & ON-DEMAND ECOSYSTEMS
Whitepaper | Bounty | ANN Thread | www.gigtricks.io
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1540137425
Hero Member
*
Offline Offline

Posts: 1540137425

View Profile Personal Message (Offline)

Ignore
1540137425
Reply with quote  #2

1540137425
Report to moderator
1540137425
Hero Member
*
Offline Offline

Posts: 1540137425

View Profile Personal Message (Offline)

Ignore
1540137425
Reply with quote  #2

1540137425
Report to moderator
Matthewmorris4
Member
**
Online Online

Activity: 224
Merit: 10

⬤ ▬ HARA ▬ ⬤


View Profile
February 16, 2018, 11:23:56 PM
 #2

Because its about supply and demand. The only controller of bitcoin and alts price is only us, the holder.
You just cant decide some alts want grow like btc, someone's money is limited and they wont spent it with no reason

⬤ ▬▬▬▬  HARA  ▬▬▬▬ ⬤
 A GLOABLE & TRANSPARENT BLOCKCHAIN-BASED DATA EXCHANGE
⬤ ▬▬▬▬▬  Twitter ⬝  Telegram ⬝   Facebook ⬝  Instagram ⬝  Airdrop Thread   ▬▬▬▬▬ ⬤
Meysa_richa
Member
**
Offline Offline

Activity: 266
Merit: 10


View Profile
February 16, 2018, 11:28:15 PM
 #3

It's true that usually the bitcoin grows earlier, I guess it's because when people buy their altcoins they usually pass the first bitcoin purchase to transact.

▀          [   BUY TOKENS!   ]   REMCO :  Remittance Token  [   BUY TOKENS!   ]          ▀
World's 1st Powerful Distributed Token-Generating Platform for Money Transfer
▄       WHITEPAPER       ▄        FACEBOOK       ▄        TWITTER       ▄        GITHUB       ▄
Suharti12
Member
**
Offline Offline

Activity: 294
Merit: 10


View Profile
February 17, 2018, 12:05:33 AM
 #4

Bitcoin grows on the bourse just to facilitate trade, and bitcoin is the mother of all coins and what if bitcoin downs can frighten altcoins holders, and as bitcoin rises together altcoins invest in coin through bitcoin, and to this day bitcoin is a coin the best.

monkeydominicorobin
Full Member
***
Offline Offline

Activity: 280
Merit: 104


✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪


View Profile
February 17, 2018, 12:59:52 AM
 #5

I noticed that as bitcoinBTC grows, other coins lag behind by 15-30%, and then catch up, why they do not grow at the same time?

They will not grow as much as Bitcoin does because there is a shadow of doubt when it comes to alt coins including Ripple.

pooya87
Legendary
*
Offline Offline

Activity: 1428
Merit: 1203


Buy bitcoin they said... who listened?


View Profile
February 17, 2018, 04:02:33 AM
 #6

I noticed that as bitcoinBTC grows, other coins lag behind by 15-30%, and then catch up, why they do not grow at the same time?

i don't see it like that.
what happens is that bitcoin rises as it is being adopted more and more. and during this time all or most of the money is in bitcoin market that is why altcoins usually get dumped during this time.

then because bitcoin can not rise forever and every healthy market needs to slow down it opens up some chances for altcoins to get pumped. so some money travels from bitcoin to altcoins to pump them.
but what happens next is that bitcoin keeps its price up and at least have a correction but altcoins get dumped down.

isaac_clarke22
Member
**
Offline Offline

Activity: 350
Merit: 30


View Profile
February 17, 2018, 04:57:06 AM
 #7

Because Bitcoin is sort of like "the mother of cryptocurrency" where every of its child follows its rise in the market. Most holders tend to store their crypto investment in Bitcoin because they believe its volatility will cause high price. As the other coins rise, they tend to buy with Bitcoin also through exchanges because of its high price. Due to high price of Bitcoin overall, they can invest a lot in lower coins that also contains the potential for its price to rise up. Now that Tether is being used as security asset for profits and more various purposes that correlates in Bitcoin, Bitcoin is now gaining more adoption all around the world.

then because bitcoin can not rise forever and every healthy market needs to slow down it opens up some chances for altcoins to get pumped. so some money travels from bitcoin to altcoins to pump them.
but what happens next is that bitcoin keeps its price up and at least have a correction but altcoins get dumped down.

Crypto market is quite complex. Bitcoin can rise constantly now or flatten itself in a margin because various investors are focusing on other coins.  It could be either go into your said "healthy market" or it could be the dominant market itself that will kill all other coins but that is quite impossible because Bitcoin isn't perfect as any other currency. There are currencies that have a unique feature that BTC doesn't have.

pombur
Member
**
Offline Offline

Activity: 196
Merit: 10


View Profile WWW
February 17, 2018, 07:21:06 AM
 #8

I think that there is a significant trend – reducing the impact of bitcoin on other altcoins. Many cryptocurrencies have managed to make themselves a good reputation and cause the trust of many investors. Therefore, next to the old trend, when the falling bitcoin pulled all the other cryptocurrencies, a new one appeared. Now a reduction in the rate of bitcoin many investors temporarily move its capital to other altcoins, thereby keeping their course.
keycellko
Full Member
***
Offline Offline

Activity: 406
Merit: 102



View Profile
February 17, 2018, 09:06:38 AM
 #9

Well if you think about it, apart from being the first cryptocurrency ever launched, bitcoin is somewhat like a base coin. If people wants to invest they buy bitcoin first. Before they know other currencies exist they will think bitcoin is the only one until people in their social area will tell them to convert their bitcoins to other cryptocurrencies through trading. So that's why bitcoin always comes first.

   ⚡⚡ PRiVCY ⚡⚡   ▂▃▅▆█ PRiVCY (PRIV) is a new PoW/PoS revolutionary privacy project Best privacy crypto-market! █▆▅▃▂
    Own Your Privacy! ───────────────── WebsiteGithub  |  Bitcointalk  |  Twitter  |  Discord  |  Explorer ─────────────────
   ✯✯✯✯✯                 ✈✈✈[Free Airdrop - Starts 9th June][Tor]✈✈✈ ║───────────║ Wallet Windows  |  macOS  |  Linux
sirkings0003
Member
**
Offline Offline

Activity: 252
Merit: 10

Telegram: https://t.me/ViolaAI


View Profile
February 17, 2018, 09:11:58 AM
 #10

Bitcoin is like marks man in a platoon in the military parlance. Bitcoin is synonymous with crytocurrency. Majority of the investors in cryptocurrency use bitcoin as an indicator of what happens in cryptocurrency world. And this will continue as least for the next couple of years.

LOVE on the Blockchain (Viola.AI): Telegram: https://t.me/ViolaAI | Website: http://bit.ly/Viola-AI-BitCoinTalk | Watch the CEO: http://bit.ly/MessagefromCEO | http://bit.ly/MessagefromCEO-CN
amishmanish
Sr. Member
****
Offline Offline

Activity: 406
Merit: 291


Take Responsibility, Build Things, Be Kind & Share


View Profile
February 17, 2018, 09:20:44 AM
 #11

This is a common observation and this cycles repeats every 3 months or so. BTC rises and stabilizes, Old Alts get cheaper. People buy favorite old alts like Lisk, EOS, Stratis. Then a new wave of people come in and get scammed by pump groups to buy the cheap ones which rise in value too. They then get dumped over and confidence falls leading to the dips. Cycle repeats.

I noticed that as bitcoinBTC grows, other coins lag behind by 15-30%, and then catch up, why they do not grow at the same time?

Bitcoin is the easiest to directly buy with Fiat by new customers. Even those who keep their fiat as USDT(Tether) on exchanges refill their BTC first whenever their are positive signals. It is clear to everyone that bitcoin is the only solid bet while the others are mostly good for speculative, short-term earnings.
So everybody tops up bitcoin raising the price of BTC. Then when it looks like the market has stabilized sufficiently, people want to catch onto the next Alt with "potential" and trade their BTC for it.

Hardly any fiat enters alts through exchanges.
Due to high price of Bitcoin overall, they can invest a lot in lower coins that also contains the potential for its price to rise up. N

This too is a good reason that why alts start pumping after BTC. Because all alts drop in BTC value on exchanges. When it stabilizes, people want to get more of their favorite alts which are now cheaper because of BTC rise.

Steavenson19
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
August 15, 2018, 05:20:35 AM
 #12

Bitcoin grows just to facilitate trade cause bitcoin is the mother of all coins and as bitcoin rises so other coin. Bitcoin is synonymous with crytocurrency. Majority of the investors in cryptocurrency use bitcoin as an indicator of what happens in cryptocurrency world. And this will continue as least for the next couple of years.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!