If Bitcoin Spikes, Will Smaller Alts Go Lower?

[paramind22]

From my memory, every time when Bitcoin went up, many of the altcoins went down because people wanted to climb on the Bitcoin rise.  What do you think?

[cmarquez]

I have different view on this actually when bitcoin pumps the majority movement of alternative coins also goes up and vice versa. Most of the altcoins now are very dependent to bitcoin that is why when there is huge movement happen to bitcoin alternative coin follows.

[pranazzs]

It seems so. So this is according to experience, if
BTC up ALT down
BTC down ALT down
BTC stable ALT rise.

[acidburn14]

That is the reason why im buying alts pegged to btc. Just in case bitcoin soar high and alts will be left behind atleast the value of my money is more or less the same.

[shaheer001]

I think you are wrong as you can see the current market stat which is against your opinion Bitcoin is low and also all altcoin are at the bottom and when Bitcoin will start rising all other good altcoin will also go up.

[EastSound]

Nope, at the current market movements all altcoins follow the bitcoin price movement. Probably we need the traditional exchanges if we want to see a different market reaction in crypto

[hani1929]

As what ive observed in the market, if bitcoin spikes some altcoins will also follow bitcoin. Just like what happen last year when bitcoin hits $10+k some altcoins gets high in price too  and now when bitcoin is down we've got also color red in the market. So i assumed that some altcoins always follow bitcoins price.

[aervin11]

From my memory, every time when Bitcoin went up, many of the altcoins went down because people wanted to climb on the Bitcoin rise.  What do you think?

You are right OP, but that is only a thing to consider. There are so many ways that are happening in the market that you also need to check on like if the btc price rises, the total marketcap rises, the alts might bleed when people ride onto btc but as marketcap get's higher, more money and investors are also looking for profits and time to get in to alts.

[the13thsymphony]

That is not the case usually if BTC moons then almost all of the altcoin in the market goes up. As BTC is the has the most volume and the most traded cryptocurrency in the market if its prices moons then it will be the same for most of them. That is why if BTC is down so does most altcoins and only few of them moons.

[bitkanu]

From my memory, every time when Bitcoin went up, many of the altcoins went down because people wanted to climb on the Bitcoin rise.  What do you think?

It will but basically it's so easy to determine the altcoin vs bitcoin movements. You can see that if the bitcoin dominance will increase and that means the more people are liquidating their money to the bitcoin and it has been getting decrease and otherwise, people are converting their bitcoin to alts.

[Serveev]

I think when bitcoin grows we are growing and all the altcoins. If it falls, so falls all the same. The price of altcoins depends on bitcoin.

[Crypto_lion]

What you are saying is exactly the opposite of what will happen.when Bitcoin rises all altcoins rise and when BTC goes down and everything goes down the dump

[easemypain]

It is a simple arithmetic. I personally seen an witnessed the rise and fall of bitcoin price for some months now. Its prices has a huge effect on alternate coins. Because its said what is good for the goose is good for the gander, so which whichever news that affects the body cryptocurrency also have effect on the other currencies.

[_bitcoin_papa_]

In fact, this does not always happen. In most cases, bitcoin and altcoin prices move in the same direction. Bitcoin sets the movement for all crypto currencies.

[SPINPIX]

yeah, that's true but in some occasions i think that they can grow up both, a lot of people here just want to increment the quantity of btc that they have, so the try to follow the pumps of btc for do that.

[kumiskura]

usually before Bitcoin spikes,everything will get pumped first and then pushed by Bitcoin when it makes a move.
but if that thing does not happen,
more likely both of them will get a gain,because right now everything is heavily undervalued because of Bitcoin.
so i assume when Bitcoin spikes,everything will get a little pump from it and will get another one when Bitcoin declines.
until it reachs its support or at least break its resistence,it will keep doing that.

[Gaff]

I think we had a different observation regarding Bitcoin and altcoins with respect to pumping of price, mostly if Bitcoin increase it's value in the market, some altcoins will follow, especially those having a good project development and the rest is depending on the demand.

[renes]

At the moment most coins go up and down together, if bitcoin spikes in the following days altcoins will spike too. It is now all up to the move of btc.

[adroitful_one]

If Bitcoin goes up, you can expect most altcoins to go up with it. This is due to the amount of money in the market. The more money in the market, the more all coins will be worth. You can keep an eye on the current market cap and watch how it affects the price of all of the coins.

[Fulmand]

  I've been watching it so many times in Coin market cap every time there is a spike in bitcoin price and me prove to it that altcoins also are following the footstep of the bitcoin and vice versa to the downswing of it.