Who Agrees with Me?

[louie69]

So I started noticing a pattern.
Everytime the market goes to the moon, the down trend lasts for a several weeks. Meaning, only when Bitcoin it's going to be at it's highest, the altcoins are going to be at the lowest point.
Then, the money from Bitcoin will start going to the Altcoins, making them going up even more.

Have you noticed the same thing?

To some extent, this is true. However, one must caution to randomly give out advice like this. There are many cases where this trend does not apply. Simply look at Ethereum; it's growth has it's own pace probably because it's technology addresses something different from bitcoin.

Ideally, once we move towards a more mature market, this correlation between bitcoin and altcoins should lessen and eventually coins will be independent of each other and value will be based on actual worth of the project.

Agree, it cannot be denied that when altcoins goes up as bitcoin increase it's price value during bull market and vice versa. Altcoins and bitcoin are correlated with the other and it's performance is directly proportional with the other.

[1714719307]

1714719307

[1714719307]

1714719307

[1714719307]

1714719307

[1714719307]

1714719307

[1714719307]

1714719307

[1714719307]

1714719307

[indrakusumaindra]

I do agree. I used to look at market cap. If the marketcap is increasing drastically there will be down trend soon. But i do think market is hard to be predicted and sometimes its better to trust your feelings. its true its seems like bitcoin not increasing too much but look at BCH which are the hard fork of bitcoin. BCH increasing so much while bitcoin remain stable on 9300 $.

[Ludmilla_rose1995]

which I see is like that. and I think that's how it works. how to keep the market stable. I think bitcoin also has a continuity between other altcoins. but that's just my perception

[JanuaryStars]

which I see is like that. and I think that's how it works. how to keep the market stable. I think bitcoin also has a continuity between other altcoins. but that's just my perception

This market is not stable, it is highly volatile. If you mean stable by which follows the same pattern as before, then I agree with you.
This is perfectly normal, it is within the usual trend. This is all likely thanks to the limited overall amount of cap for the whole market.
And when insufficiency is experienced in the market, most of altcoin assets would flow to bitcoin and eth, the relatively stable ones, then goes back to other end again.
Most altcoins, if not all, are reliant to bitcoin.

[Gelesko]

So I started noticing a pattern.
Everytime the market goes to the moon, the down trend lasts for a several weeks. Meaning, only when Bitcoin it's going to be at it's highest, the altcoins are going to be at the lowest point.
Then, the money from Bitcoin will start going to the Altcoins, making them going up even more.

Have you noticed the same thing?

I haven't noticed that, this is good to read. I noticed the other thing, that if bitcoin goes down with dollar, everything else (whole cryptocurrency market) goes down with dollar too. Now I will look and take your notice in to the concern and I hope it will help me in my future trading, as I got everything invested in the altcoins

[dwiady]

yes it is like that, bitcoin is always the start because bitcoin is the whole pair of altcoin in cryptocurrency. live we determine supply and demand in a timely manner

[ClackKendi]

So I started noticing a pattern.
Everytime the market goes to the moon, the down trend lasts for a several weeks. Meaning, only when Bitcoin it's going to be at it's highest, the altcoins are going to be at the lowest point.
Then, the money from Bitcoin will start going to the Altcoins, making them going up even more.

Have you noticed the same thing?

Yes, i agree, but this is only a rare situation most of the time altcoins follow what identical chart movement of bitcoin referring to the supply chain which also all cryptos are affceted with what happened if the head of cryoto currency turns struggling because of different issues making it drop the value in a certain point.

Agree with you that people with the same predictions as well as the same way of thinking you act will find consent from your family, social relationships, and friends or your team.

[MAUTMALAIKAT]

I do not follow such a pattern. I just look and expect bitcoin to reach the highest price of $ 20,000 and I will sell all the bitcoin I have. In my opinion, such a pattern can not be used as a benchmark in crypto. All altcoin prices have their respective fluctuations and can also be affected by demand and supply

[jiop111]

All the time, all of the money is going into Altcoins, when the bitcoins reach a certain height. The money starts to transfer Altcoins, so most Altcoins should choose to sell at high prices and lock in profits.

[norcia]

I think the last few days are not so, the bitcoin and the first-layer altcoin are both experiencing a significant increase. Perhaps some investors who cut lose have bought back especially on the famous coin.

[Endank]

I think the growth of market capitalization does not reflect the pattern you are saying. If there is only a shift, maybe the market cap does not grow 20% in the last few weeks.

[FaucetKING]

Yes, thats the usual thing happening here, i agree with you mate.The money goes to bitcoin when there's an uptrend, then, the money goes back to altcoins when bitcoin reachs its ATH. Then, a new market cycle begins to happen.

[siap86]

I think that's true, in theory maybe the first new investor to enter crypto will first buy bitcoin. Then they will start trying altcoin, and from that model, there is a pattern of growth of bitcoin and altcoin.

[hoanggiangg000]

I've seen that few times. But generaly if BTC grows, altcoins grow as well, and if BTC price became lower, altcoins prices became lower too. So I can't prove that your opinion is 100% right.

[goku19]

No it always does not happens the same that if bitcoin rises and then all the altcoins go down...i have seen that other altcoins rise as well with the rise of bitcoin...like ethereum and litecoin they rise with the rise of bitcoin so i dont agree with this

[Samkol26]

Yes it happens but not everyone bitcoin rises that all coins fall. It doesn't mean bitcoin is the determinant. All coin have their different markets

[blackblue986]

All that you wrote has the right to life, but all this happens every time in different ways, last spring the bitcoin grew and with it grew altcoins, then in the winter bitcoin fell, and altcoins grew, everything happens differently

[tomboi]

I also think so. The bitcoin price really gives the influences to the altcoins. We can see and analyze the condition about a few months ago. When the price of the BTC dropped extremely, we can see how was the altcoin? They were also very dramatic dropping.
Now, the price of the bitcoin starts rising and we can see some of the altcoins starts to rise.

[Sarisang]

a good analysis and it is true the system as it is. with the case then could understand in a trade will be easier because you can understand the situation. knowledge like this need to be improved in order to have the capital to trade information crypto.

[Cilorku]

In this case I think Altcoin is heavily influenced by Bitcoin, it does not accept crypto as the official means of exchange in various countries.
money flows in and out of space through Bitcoin so that it will affect the exchange rate of altcoin.