Sophia Portera (OP)
Jr. Member
 Offline
Activity: 114
Merit: 1
|
 |
April 16, 2018, 08:52:58 AM |
|
As it shown on the charts top 5 coins are showing prices moving up simultanously: What causing this? Not only top 5 but it happend to a lot of coins:  |
|
|
|
|
EHT7500
Member
Offline
Activity: 350
Merit: 15
|
|
April 16, 2018, 09:04:06 PM |
|
I do not see anything strange. Today, the news background is good - the market is growing. All the coins are reaching for the leader. The name of the leader and call it is not necessary. It will be strange (especially for the top 5), if someone goes against the general trend.
|
|
|
|
|
European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
|
|
April 16, 2018, 09:16:52 PM
Last edit: April 16, 2018, 09:27:28 PM by European Central Bank |
|
there are basically two markets - bitcoin and alts.
there is a little bit of variance in how individual coins perform, but most of the money in alts doesn't care what the coin is or what it does. they skip between them which means they largely all move and act the same.
for most people they are three letters on an exchange that gets them more dollars or bitcoins.
|
|
|
|
|
|
disconnectme
|
|
April 16, 2018, 09:21:06 PM |
|
I think they are all following the price movement of BTC, for now the whole market is what is recovering not a single coin and I think if this growth is sustain and continue for more weeks we will start to see price differentiation among the top cap coins in the space. For now all i care about is the whole market moving up to new highs
|
|
|
|
bozo333
Sr. Member
Offline
Activity: 742
Merit: 255
CryptoTalk.Org - Get Paid for every Post!
|
|
April 16, 2018, 10:14:17 PM |
|
As it shown on the charts top 5 coins are showing prices moving up simultanously: What causing this? Not only top 5 but it happend to a lot of coins: It depends on consumer because one investor is investing in 20 coin then they feel this is not suit for our career. Automatically sell the all 20 coins so it is affected in all 20 coins this is reflected in chart. Know you can understand the similarities of price fluctuation so everything is controlled by consumer. |
|
|
|
|
WalkerIVIV
|
|
April 16, 2018, 10:59:05 PM |
|
As it shown on the charts top 5 coins are showing prices moving up simultanously: What causing this? Not only top 5 but it happend to a lot of coins: It caused by the trend. Remember if bitcoin price was increase and the majority of altcoins will be following the bitcoin chart to get increase too. the market still pegged to the bitcoin price. The price of bitcoin pair looks stable but the dollar value will be following bitcoin anytime. |
|
|
|
kingvirtus09
Full Member
Offline
Activity: 938
Merit: 108
OrangeFren.com
|
|
April 16, 2018, 11:24:44 PM |
|
As it shown on the charts top 5 coins are showing prices moving up simultanously: What causing this? Not only top 5 but it happend to a lot of coins: It caused by the trend. Remember if bitcoin price was increase and the majority of altcoins will be following the bitcoin chart to get increase too. the market still pegged to the bitcoin price. The price of bitcoin pair looks stable but the dollar value will be following bitcoin anytime. Agree on this it's like a chain reaction, Price movement are part of bitcoin's popularity and anytime soon bitcoin will increase rapidly same with those altcoins that are gaining popularity too. just hodl and don't sell anything. |
████████████████████ OrangeFren.com ████████████████████instant KYC-free exchange comparison████████████████████ Clearnet and onion available #kycfree + (prepaid Visa & Mastercard) ████████████████████ |
|
|
|
liseff3
|
|
April 17, 2018, 02:50:32 AM |
|
As it shown on the charts top 5 coins are showing prices moving up simultanously: What causing this? Not only top 5 but it happend to a lot of coins: That's true as op said. Ethereum Bitcoin Cardano IOTA Stellar and NEO, These six coins experienced a significant increase whiches' close to 28% - 40%, While Monero BitcoinCash Litecoin and Ripple, These four coins increased only half of the above coin increase whiches's between 15% - 25%. If you know it's the recent increase is in fact started by Ethereum and continued by some other coins such as Bitcoin and other Altcoins I mentioned above. So, in my opinion, the rise this time very clearly's due to the rising factor altcoin prices thus being able to mask the lack of bitcoin. |
|
|
|
|
|
Poink
|
|
April 17, 2018, 03:11:19 AM |
|
It is because most of the alts are bought with BTC. Whatever happens to BTC price, most alts follow with some going a bit faster or slower.
|
|
|
|
|
|
limmousine
|
|
April 17, 2018, 03:36:05 AM |
|
I think big investors and newcomers are getting into the market, they are planning to make a profit by the end of the year. It's time the market recovers and rises again, we also have tired of seeing the current market conditions.
|
|
|
|
|
|
vit05
|
|
April 17, 2018, 04:09:09 AM |
|
This has always occurred and will always occur. The reason is that many people manage their portfolios by trying to split the investments. So when some project has a great rise, they end up selling a little and buying a little more of the other projects. This is balancing the market and all projects usually walk the same way.
|
|
|
|
|
haryatiposton01
Newbie
Offline
Activity: 196
Merit: 0
|
|
April 17, 2018, 05:59:30 AM |
|
This has always occurred and will always occur. The reason is that many people manage their portfolios by trying to split the investments. So when some project has a great rise, they end up selling a little and buying a little more of the other projects. This is balancing the market and all projects usually walk the same way.
I expect a market change, I do not know what will happen next, I observe all the coins depend on bitcoin, bitcoin like motor drive in krypto currency. |
|
|
|
|
Kingsraid
Newbie
Offline
Activity: 266
Merit: 0
|
|
April 17, 2018, 06:27:07 AM |
|
that was normal to other altcoins chart similar to bitcoin chart. like a chain reaction, if bitcoin was on an uptrend that affects other altcoins. they just following the price movement of bitcoin I guess.
|
|
|
|
|
nsasuiteb
Full Member
Offline
Activity: 406
Merit: 100
BAILOUT
|
|
April 17, 2018, 07:17:53 AM |
|
It is about trend, though some coin can move alone. All of them usually rise or decrease together according to the trend of the market.
|
|
|
|
Cnut237
Legendary
Offline
Activity: 1904
Merit: 1277
|
|
April 17, 2018, 07:44:27 AM |
|
As it shown on the charts top 5 coins are showing prices moving up simultanously:
What causing this? Not only top 5 but it happend to a lot of coins:
This happens a lot. Often the whole market moves together, because of events or news that affects crypto as a whole. For example the big rise towards the end of last year was fuelled by new people coming into crypto. They may have started off with bitcoin, but they bought alts as well. There was buy pressure across the board, and all coins rose. They rose too fast, and so all coins experienced a dip in Jan/Feb. Now they are all recovering. There is still price movement for individual coins, but sometimes it is hidden by the whole market move being much bigger. |
|
|
|
Naughtid
Newbie
Offline
Activity: 66
Merit: 0
|
|
April 17, 2018, 08:22:58 AM |
|
I think they are all following the price movement of BTC, for now the whole market is what is recovering not a single coin and I think if this growth is sustain and continue for more weeks we will start to see price differentiation among the top cap coins in the space. For now all i care about is the whole market moving up to new highs
That is true. Most coins follow bitcoin with small deviation. |
|
|
|
|
|
Jaycee99
|
|
April 17, 2018, 10:29:45 AM |
|
It caused by the trend. the market still pegged to the bitcoin price.
The price of bitcoin pair looks stable but the dollar value will be following bitcoin anytime.
I have other option in this answer/post. Remember if bitcoin price was increase and the majority of altcoins will be following the bitcoin chart to get increase too.
- Walker Sometime yes it depends all in bitcoin value when top 1 increase one coin and all well rise but there is still some chances that: (for example) 1. If bitcoin decreases all of different altcoin will decreases. other scenario 2. bitcoin increases ethereum can still stay the same or can be left behind. Not just because bitcoin who increases and affect other coins it still base on other people/investors investments. Like a scenario before ethereum value moves and bitcoin value remain or stay still that has no value increase. |
|
|
|
|
|
Xardasim
|
|
April 17, 2018, 11:20:27 AM |
|
I think the reason is Bitcoin, so, according to Bitcoin's price graphic, others are moving accordingly. I can not explain why the first five appropriate him, but if you look at the others, not just the first five, you can see that this all of graphic is appropriate. As a matter of fact, the price of at least 35% of the coins depends on the price of Bitcoin.
|
|
|
|
|
kulakvlad
Member
Offline
Activity: 294
Merit: 10
|
|
April 17, 2018, 03:19:07 PM |
|
Today the prices follow the bitcoin, tomorrow there can be a reverse situation. The crypto is full of surprises.
|
|
|
|
|
Rhaizan
|
|
April 17, 2018, 03:47:10 PM |
|
I think they are all following the price movement of BTC, for now the whole market is what is recovering not a single coin and I think if this growth is sustain and continue for more weeks we will start to see price differentiation among the top cap coins in the space. For now all i care about is the whole market moving up to new highs
That is true. Most coins follow bitcoin with small deviation. In the past four months we see that the value of bitcoin will a huge dropped the price and all coins are down too, and I heard that the value of altcoins are depends on the price of bitcoin if it's going increase or decrease. As we can see the market are going recovered and i hope it will continue. |
|
|
|
|
|
