Why do altcoins follow bitcoin?

[Dr.Osh]

bitcoin is the largest digital currency, and most trusted for now. so, a decrease, or a high price increase will make a considerable influence on altcoin. besides, altcoin always has a backrest with bitcoin price, or ETH, so of course it will make a considerable effect.

[yanto@1977]

Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?

Every coin have different number transaction and always follow trend depend bitcoin action. Because of that, coins prices can't predictable, there's no significant method or knowledge to know when it happen. As long you follow your strategy and set stop loss your asset will safe and never see market 24/7, it will make you stress and lost emotion control. Don't take too hard just follow the trend and enjoy the profit.

[calandra78]

Bitcoin is a milestone for altcoin. if the price of bitcoin drop then the price of other cryptocurrency will also decrease. I think it's a natural thing that can happen anytime. price decreases and also rises in the world of cryptocurrency

[supercanada1]

Altcoin follows Bitcoin because of supply, demand and speculation. It should be understood that the inter coin has a relationship with one another not to mention the currency market. As a trader just follow & exit before the price reverses direction. Indeed if at a glance confusingly where prices suddenly rise or fall, but there is a chance to make a profit. Try searching again about what causes the down / up is anything. Then use that knowledge to trade (fundamentally). thanks.

This is all about the portion of the market Bitcoin has captured. The more portions a crypto has in the market, the more it has the ability to influence the market. No if we talk about Bitcoin, we already know it has captured a huge portion of the market and it can be thought of as monopoly which is actually the type of firm followed by the rest of the market. Since alt is also demanded a lot so when the price of Bitcoin go up, as a result of rise in the demand of alt, its price also go up.

[stellgod]

Because they are just following the same pattern on the price, also, there are a lot of emotions on the market and that is the reason of why the price is always moving with bitcoin

Emotions comes for crypto generally. It doesn’t only assist bitcoin or altcoins. Both of them have a deep conception with emotions and especially in those scenarios where you are trading or investing in them. You have input all of your investment and hard earned money in the game and you would definitely be sensitive by taking them along. These both are equally affected by emotions.

[biletskiy]

because bitcoin prices are so important from altcoin price movements, when bitcoin prices rise then altcoin prices will also rise when bitcoin prices go down then altcoin will also fall, altcoin will not dare to try to raise altcoin prices when bitcoin drops in price.

Probably, you are right. On the other hand, I think, when people start to sell Bitcoins actively, the other guys might think that the time to get rid of the crypto has come and they sell alts and cause their prices fall.

[dekcutbusu33]

All crypto now move up and down at the same time. Just as prices are controlled by one group. A few years ago actually the price action of each crypto was much different, but now they are moving bullish and bearish at the same time. Bitcoin is the oldest crypto currency, and it is also the most successful currency with the highest potential and value, in addition, the Bitcoin market is the largest among the crypto market. So it is only natural that Altcoin follows Bitcoin and is influenced by the market and its price.

[DainSLane]

Bitcoin is the king of crypto currency and most successful among the other coins, so if bitcoin dump price we will notice that most of all the altcoins also dump their prices because it can influence to the investors not to invest in altcoins if bitcoin will dump price.

[stefany101]

They follow bitcoin it is simply because most altcoins are in bitcoin's exchanger or market. When the price of bitcoin goes up the altcoins also therefor  when bitcoins are dumping they also does. But some altcoins are in ethereum or tether exchanges that's hwy they are not affected in bitcoin's status.

[Compa]

The main of the cryptocurrency is BITCOIN and some altcoins is following of bitcoin
When the price of bitcoin is going down, many of altcoins is going down too.

[KeijiN]

It sounds like the body follows the head, so everytime people of the world hear Cryptocurrency  - they hear Bitcoin. So this is obvious, why all the currencies follow Bitcoin.

[blindminer]

Lot's of posts, but not a single that really explains why altcoins follow bitcoin. It's still a mystery, there are not ETF like fonds where you buy a range of Cryptos or Alts. Only in that case it would make sense if a coin (i.e. Bitcoin) gets sold and other coins decline in price too

[jiniyaakter]

Bitcoin is the main crypto currency everyone use bitcoin easily so all altcoin follow bitcoin all altcoin depend on bitcoin

[$anounimus$]

I think a lot of altcoin follow the price movement of bitcoin because altcoin price exchange depends on bitcoin price, when bitcoin rises then altcoin price will also rise but when bitcoin price drops altcoin will also decrease because altcoin do not have the courage to do very much increase when price bitcoin ride.

[cellard]

The fact that people wanting to speculate within the altcoin market are forced to buy Bitcoin first provides a constant bullish flow for Bitcoin, because when the shitcoin you are buying doesn't do well, people typically go back to Bitcoin and hold it in there to regain loses, since anywhere else and you may be holding a bag all the way down to stagnation ville.

Believe it or not, there are some hidden gems which have their own rallies during Bitcoin bear markets, these are extremely hard to find. For instance, I expected XSN to pump due the hype that their TPoS solution would cause and it was a great hedge as my BTC count has gone up even if my USD count went down, and im interested in raising my BTC count up, not USD, for I know BTC will recover against USD eventually. So with a bit of research and a bit of luck you can still profit from altcoins during Bitcoin bear periods.

[mronezigger]

altcoins follow bitcoin because is the first coin before othere coins emerged,and bitcoin was and is they leading coin

[rainezerr401]

Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?

First thing of all is that, ethereum is tether to bitcoins so eth will increase its price further more if bitcoins will dump in the market, next thing that altcoins price today in the market are all based on ethereum so every coin is affected in the market.

[wxa7115]

Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?

There are many reasons for that, to begin with this is the market of cryptocurrencies and in order to buy most alts you need to first buy bitcoin, so if people are selling bitcoin then that means that less money is in the market of alts, also if you look at the market dominance of bitcoin it is almost 40%, while that is lower than in the past any movement of bitcoin influences the market greatly and alts cannot avoid being affected by it.

[gerald246kru]

Why is it that the moment BTC starts to sway, the other coins follow suit. It would be hard for everyone to sell that much at the same time. It seems beyond just panic selling. They seemed to be directly linked. Inf-fact, BTC going down should increase and encourage altoins as they raise in value compared to BTC as it falls so why this uniform sell off? Something seems weird about that to me. Any real theories, or explanations?

You can see that the market is fluctuating constantly and it is difficult to guess, so to be able to trade successfully at this time is very difficult to lose, bitcoin prices are dominating the market, only a correction Small bitcoin is also for the market to fall. So when you trade altcoin you always have to observe and monitor bitcoin prices.

[hulla]

Bitcoin is the mother of all cryptocurrency and others crypto currency are just copy cat of bitcoin protocol. However, all altcoin are traded against bitcoin and the cause of this current market dump was manipulation and FUD which leads to some market flood and panic sell. Meanwhile, so trader believe the only way to secure their fund is to dump their altcoin swap to bitcoin and then convert it into fiat currency.