little note of trading bitcoin

[ABYANSYARIF]

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon


is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

[1714812299]

1714812299

[1714812299]

1714812299

[Mahanton]

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon


is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

Reading up other informations towards trading or on how the market moves isnt bad but it isnt good on totally rely with those informations. On the things you had listed above those are the possible movements that we do saw on our current market but it isnt good to focus on those things because market is way too volatile.Anytime it can go to the direction which would really be opposite to your presumptions which would really result negative impact into your trading,having some basis isnt bad but still the most important thing to consider is to analyze on each order you do made.

[AngelSky]

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon


is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

Somehow but not exactly true mate. There are big market fluctuation happening from this year starting onwards so we need to wait for some more months to understand how all the cryptos are reacting as bitcoin bumped in the market.
There are bump signals that can help you to find the upcoming dump and bump in the market. So you will be able to invest on the perfect coin that time.

[Shikaina]

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon


is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

I think when bitcoin is up altcoins are also up but not all and not always. I just notice that when bitcoin was on its height i benefitted good also from altcoins because they were good also in price but now even tokens i cannot sell because of very low price.

[poplolnman]

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon


is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

Choose whatever you want and which guide that makes you feel comfortable. I just think it's the matter pure of Bitcoin supply and demand that stand under decentralization , no one will never ever know what could happened later in crypto. We can't really just say that there's a pattern like what you mentioned above. Too easy to guess and people might could do the same thing at once.

[adaseb]

No it will not predict the future direction of Bitcoin or alts.

Sometimes Bitcoin is going up and alts are staying flat or going down.

Sometimes Bitcoin is flat and alts are going up or down.

Sometimes Bitcoin is going down and alts are also going down.

Right now I think many are way too over invested in alts and hence the dominance index keeps rising every few days.

However the settlement can be different next week or next month.

[Andrey123]

These observations are not true at the root!
All altcoins are moving at the cost of bitcoin.
When he grows, everything grows.

Since alcoins are bought for Bitcoin. When the market is in decline, then all the coins are also falling.

[cydrix]

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon


is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

I'm new at trading too but that doesn't mean I'm not ignorant enough to believe those claims or opinion. Bitcoin is truly the sole king but it is not connected to other altcoins it's just pure coincidence that may happen frequently these days.

[Koro-Sensei]

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon


is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

Sometimes i think of that too but after reading and speculating it leaves me no answer and an unethical way to believe. Sometimes also it does but mostly it doesn't sadly we could not comprehend the definite answer to this question that everyone is boggling.

[TravelMug]

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon


is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

Hmm. In some way its true, but there are instances that it doesn't hold. Remember December? All coins are mooning including bitcoin and almost all altcoins. So that is one example wherein we one of your premises was not satisfied.

But obviously there's some correlation between bitcoin and altcoin market as you have put in. A good explanation why altcoin is affected by the price of bitcoin is simply, traders shift funds around and go to where there is a potential money.

[XJV]

i notice dis same. why crypto like this? alt is price with bitcoin, so when BTCgo down, alt shud go up cuz BTC value is lower so alt's BTCshould be higher. but instead, alt'sBTC value go down? why?

i notice also when BTCgo up rapidly, alt's BTC value also goes down rapidly. This make sense since alt is worth only $x.xx and if BTC value goes up, then alt's BTCvalue has to go down to match $x.xx again.

so even like this, i understand. But still it not always this way.

[UnknownOne]

No it will not predict the future direction of Bitcoin or alts.

Sometimes Bitcoin is going up and alts are staying flat or going down.

Sometimes Bitcoin is flat and alts are going up or down.

Sometimes Bitcoin is going down and alts are also going down.

Right now I think many are way too over invested in alts and hence the dominance index keeps rising every few days.

However the settlement can be different next week or next month.

I agree with this point of view and, as many have already noted, the altcoins are often bought and sold using bitcoin or ethereum. This fact alone links their value, but not always in the same direction.

[ABYANSYARIF]

thanks all for the answer,
so the conclusion from all advice is

1 note that i mentioned above is no entirely right
2 always update on other informations towards trading or on how the market moves
3 consider is to analyze on each order
4 watch on supply and demand / market depth
5 Choose whatever method i want and which guide that makes me feel comfortable

[ABYANSYARIF]

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon


is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

Hmm. In some way its true, but there are instances that it doesn't hold. Remember December? All coins are mooning including bitcoin and almost all altcoins. So that is one example wherein we one of your premises was not satisfied.

But obviously there's some correlation between bitcoin and altcoin market as you have put in. A good explanation why altcoin is affected by the price of bitcoin is simply, traders shift funds around and go to where there is a potential money.

maybe its true in short term trading
just like you said when bitcoin up traders shift the fund on bitcoin and sell alt, that's why alt price is down

[Ehilamale]

No, if it worked, all the people already made that money. But not everything is as simple as it seems from the outside.

[krauzzer02]

That would always fall on a case by case basis, that's pretty old to follow altcoins always reacts when bitcoin was mooning majority is also pumping given the market condition and events you can simply observe the flow through CMC website, bitcoin green most of the alt is also green even though in some cases you may consider those points that you've mentioned above like for example, ethereum got positive 2% then bitcoin was negative 1% the difference is not that big but when it comes to massive pumps in bitcoin this will surely reflect in cryptocurrency overall.

[lablab03]

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon


is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

it's just a prediction pal. And its up to you if you want to believe it. But for me the reason why alt coin sometimes risIng when bitcoin is down because of some holder always evacuate to protect their money, and sometimes both is decreasing when there's a occasion such xmas, new year, and summer. Which is causes to dump some money for their needs  .

[SyrulRamadhan]

I think the logic is true. I'm a beginner too and my experience did happen. but not forever when bitcoin rises altcoin prices down, when there is good news about coins (altcoin) sometimes it will also affect the price to go up and bitcoin and altcoin will go up together

[Fredomago]

i'm new at bitcoin trading
i have read this little note of bitcoin trading someware

Bitcoin up = altcoin down
Bitcoin down = altcion down
Bitcoin stable = altcoin moon


is it true? can i use it for a guide in trading?
and why Bitcoin can greatly affect to other coins
i know bitcoin is the king, legend, the first but is it possible just because of that?

it's just a prediction pal. And its up to you if you want to believe it. But for me the reason why alt coin sometimes risIng when bitcoin is down because of some holder always evacuate to protect their money, and sometimes both is decreasing when there's a occasion such xmas, new year, and summer. Which is causes to dump some money for their needs  .

It can be true indeed as we seen what the market showing right now, if we trace back the attitude of those coins especially speculative alts,
they are much relied with how bitcoin will moves, when bitcoin reach new ath and stay with the height the more the value of some quality
alts to rise high, it's a matter of timing and how well we understand the system.

[Aikidoka]

I do not think that when bitcoin goes up the oher altcoins go down. On the other hand, when bitcoin goes up, the other altcoins go down. And if you are talking about trading, bitcoin is based on the long-term. That means, the more you hold, the better you get a good profits. Added to that, you should not use what you said when you want to trade because cryptocurrency is unpredictable.