Solarex_ICO (OP)
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May 28, 2018, 10:50:43 PM |
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I have been wondering within myself why does this always happened?
Any time the price of bitcoin drops the price of other coins also drops. Is this something true?
Or maybe I am the one making a mistake here?
If I am right, then what is happening?
Why is the price of bitcoin inversely or directly proportional to the price of other coins?
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marks1976
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May 28, 2018, 10:57:24 PM |
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I have been wondering within myself why does this always happened?
Any time the price of bitcoin drops the price of other coins also drops. Is this something true?
Or maybe I am the one making a mistake here?
If I am right, then what is happening?
Why is the price of bitcoin inversely or directly proportional to the price of other coins?
the only possible thing is the crypto market was getting attacked by a lot of people especially from wallstreet. Man i should say that the bitcoin price was gradually down due to the various reasons. Some time it has been being manipulated by some person and the bad news has made the situation even worst to the bitcoin. |
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Solarex_ICO (OP)
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May 28, 2018, 11:18:44 PM |
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I agree with you @marks1976, but that does not take my question away. Why is it that when the price of bitcoinBTC drops all other coins price drops too.
Bearing in mind that they are on different blockchain
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Fortified
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May 29, 2018, 01:32:59 PM |
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I have been wondering within myself why does this always happened?
Any time the price of bitcoin drops the price of other coins also drops. Is this something true?
Or maybe I am the one making a mistake here?
If I am right, then what is happening?
Why is the price of bitcoin inversely or directly proportional to the price of other coins?
Yes the price of BTC affects the price of ETH but mathematically that's not means a directly proportional its price nor inversely proportion since there are times during crash of BTC price of ETH was remained and there are times that the price of ETH increases while the price of BTC remain the same . |
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Aminmon
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May 29, 2018, 01:37:12 PM |
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Because bitcoin is the leader of the entire cryptocurrency market, it affects the prices of most altcoin.
So when bitcoin goes down, people also sell Altcoin, and when it goes up a lot, people exchange it for bitcoin.
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Solarex_ICO (OP)
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May 31, 2018, 10:19:40 PM |
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Because bitcoin is the leader of the entire cryptocurrency market, it affects the prices of most altcoin.
So when bitcoin goes down, people also sell Altcoin, and when it goes up a lot, people exchange it for bitcoin.
Well said, but most of the other coins have different blockchain and totally different from bitcoin. That makes my question still open, what is the relationship between the price of bitcoin and other coins? |
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qazgroup
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RiveMont
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May 31, 2018, 10:23:48 PM |
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Bro it is not that simple, sometimes the prices move together and sometimes in opposite direction, you can never predict this accurately, i think if the bitcoin's volume, price and dominancy are increasing aggressively like we saw in last bull run only then altcoins are inversely effected.
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labake
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May 31, 2018, 10:24:04 PM |
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Good observation mate! You did well and I commend your effort for this beautiful post. I’ve being observing this for a long term too but I believe Comrades would drop analysis here. Thanks
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Olawale16
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May 31, 2018, 10:39:42 PM |
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Am not that familiar with the prices of token but the little knowledge i have is that, there prices might coincidentally fall at the same time and rise at thesame time..it is not certain
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Eddyc
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May 31, 2018, 11:05:22 PM |
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Simple analysis, because in the great majority the holders of Bitcoin detain altcoins, so when the price of the same falls becomes an opportunity selling other altcoins to acquire more Bitcoin. Let's say it's a cycle, so in the high altcoins prices rises generating another opportunity in the downfall.
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Note* I write about projects that can do something for society. Now whether this will happen depends not on me, but on the project team. I'm just a writer... DYOR
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batang_bitcoin
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May 31, 2018, 11:09:47 PM |
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Any time the price of bitcoin drops the price of other coins also drops. Is this something true?
Or maybe I am the one making a mistake here?
That's true, you're not in mistake for observing that fluctuation. If I am right, then what is happening?
Most altcoins are in need for bitcoin before purchasing in exchanges so that's how can you figure it out why, they are also affected when bitcoin is going down. Before it was not like this, my observation is when bitcoin pumps, alts are down and vice versa. |
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jlanzago
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May 31, 2018, 11:10:20 PM |
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This is really not true. There are several periods where the movements on the Bitcoin price influence most of the market, meaning that, for example, if Bitcoin falls, everything also falls. The same holds usually true: if Bitcoin price spikes, this brings many other altcoins up as well. Not inversely proportional, in general.
This may change in the future, as Bitcoin dominance is reduced (not because it is less important, but because other altcoins will grow their dominance).
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mastersay
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June 01, 2018, 03:04:33 AM |
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Yes, when the price of bitcoin or ethereum price change, and so as the altcoins price rate changes. Take a look at the price reference of our altcoins, it is based on bitcoin and ethereum price. So literally speaking, when the bitcoin price dumps, so as its price in the altcoins. But as you see the price of the altcoin for the bitcoin and ethereum price reference didn't change, its just the current rate of ethereum and bitcoin changes.
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Ca.ming14
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June 01, 2018, 03:08:54 AM |
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I also noticed that, whenever BTC price go down so the other altcoins will be. I think BTC has an impact for all the altcoins, im not just quiet sure. Is this just coincidence or they are really inversely proportional.
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berytry
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June 01, 2018, 03:23:51 AM |
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Most altcoins follow the price movement of bitcoin, but there are some inverse altkoins, which I know like MTC, when bitcoin drops, MTC coins do not come down
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Atang Sulaeman
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June 01, 2018, 03:26:46 AM |
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I think your opinion is correct because of all the existing altcoin refers to bitcoin prices,
because bitcoin is a benchmark of altcoin price,
and bitcoin is the first altcoin and it is very appropriate if bitcoin becomes another altcoin benchmark,
and yet nothing has exceeded the price of the bitcoin price.
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spaso_87
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June 01, 2018, 03:56:30 AM |
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I have been wondering within myself why does this always happened?
Any time the price of bitcoin drops the price of other coins also drops. Is this something true?
Or maybe I am the one making a mistake here?
If I am right, then what is happening?
Why is the price of bitcoin inversely or directly proportional to the price of other coins?
I do not think it is because I know that if Bitcoin rises altcoin high prices it also rises because these two altcoins need each other, and why the bitcoin price is inversely proportional to another altcoin because Bitcoin is the mother of all altcoin and if all altcoin prices are equal there will be no altcoin which has more growth like Ethereum |
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Angelia46
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June 01, 2018, 04:02:15 AM |
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I think most of the time the price of bitcoin is proportional to the price of altcoin.
Because when bitcoin goes up, all altcoin goes up.
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zander09
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June 01, 2018, 04:25:01 AM |
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When the bitcoin price are dropping many people are sell their altcoins to purchase more bitcoin that's why the altcoins price are also decrease, it is my personal opinion. But that does not always happen, sometimes there's an altcoin are still increase while bitcoin price decreases.
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Rotsor
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June 01, 2018, 10:22:36 AM |
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The price of all of the altcoins closely follow the price of bitcoin that is why you see that when the price of bitcoin goes up, the price of all of the altcoins go up, and when the price of bitcoin goes down, then the price of the altcoins go down. This is mainly due to the fact that there are trading pairs of all of the altcoins with bitcoin so it affects their prices a lot
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