If Bitcoin Spikes, Will Smaller Alts Go Lower?

[mostkey]

The pumping that occurs in Bitcoin will be followed strongly by all altcoins, so Bitcoin plays a major role in the market of all movements depending on the condition of Bitcoin itself, people not only go for Bitcoin but for their altcoin because when Bitcoin rises there is hope and thought positive for a good market, everyone goes in and pumps it all up, and if Bitcoin is not good then vice versa and wait in turn, try to hold and buy at the lowest price.

[tanghere02]

It really depends because there was a time when when bitcoin increases, most of the altcoins increases too. So there is no assuran e if bitcoin does spikes up, smaller valued altcoins go down too.

[rajurathod18]

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?

Actually altcoins picks rally with the Bitcoin check history on coinmarkecap take example of ripple and DGB. If the altcoin is strong and have some useful product or some promising upcoming product & if their community is strong then they can easily pick up the rally with the Bitcoin. Last year there were cases of some altcoins which got down because their team abandoned the project or because the cases of theft of funds.

[swissgang]

That may change, increase in bitcoin's price bring about altcoins' increase now but if it rise a lot in a short time that may have negative effect on alts.

[BattleZeo]

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?

bitcoin dominate the market. If BTC goes up, some altcoins goes up following BTC, some of coins might fall. But if bitcoin falls, no doubt every coin falls too.

[Didin]

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?

yes, you are right,,
most of altcoins will go down in bitcoin terms went bitcoin rise, but rising in USD terms because bitcoin rising its value in USD mate
but, when any altcoins have a good news,, the price will growing hardly

[CptWhsikeyjack]

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?

Probably. There is a very good chance that can happen. Because when bitcoin spikes everyone who is looking to make a profit seel their alts and buy bitcoin. Due to this Alts crash and bitcoin soars. But the same is the case once bitcoin bull run ends. People sell bitcoin a and buyback alts. And another advantage of this is you end up selling high and buying a lot more at a lower price. 

[Aristus]

I think that is just part of the truth but not the whole truth because there are also certain situation that during the all time high of bitcoin it suddenly crash the reason is not because of people are switching from altcoins to bitcoin but rather the fud is starting pulling bitcoin down. And not just that, I believe that the too much price of bitcoin harden the people to have opportunity to invest in it due to the more higher price it is the more risky the situation of the investors.

[Abeleez]

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?

I don't see it from that angle, rather when Bitcoin rises many of the altcoins also rise. You will agree with me that Bitcoin is the determinant coin for the market and so it's movement generally affect the movement of the altcoins.

[lady Royal]

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?

From what I have observed is that if Bitcoins price goes up altcoins goes up with the increase in the rate of bitcoins so I disagree with your current statement.

Altcoins just goes with bitcoins, at least from what I have observed.

[paramind22]

Those who try to speculate on the top gainers in CMC, I think become less speculative and stop chasing the microcaps.  I meant smaller coins, which are usually the ones you see with the double digit percent gains over 30%.   That's why some agree and some don't. 

[granchio]

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?

I think rising of the bitcoin is the most waiting thing in the whole crypto world. I think the prices of athe altcoins would have a good rising with the rising of bitcoin.

[basty03]

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?

I think it's different in my belief because as far as I know when bitcoin going higher more of coins in bitcoin is following to  go higher too because some coins is relying to bitcoin.

[tabas]

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?

This happened before but not anymore on these days, when bitcoin goes up alts are also pushing themselves up. And when bitcoin was down, alts are pulling themselves down too.

[rahul10]

Buy low and sell high isn't only for fiat to BTC. It's a gamble of course, but if you sell an alt right now and tomorrow BTC surges, people typically panic sell for BTC growth gains and alt prices dip hard, so you can buy back for a stronger position. Of course, the alt could grow and you could miss out on those gains. There is a risk but it's a strategy that has worked well for me at times.

[fia_naila]

If bitcoin spikes usually ethereum spikes too ( if the apikes factor is from fresh money flow in ) but if the money is only move from altcoin to bitcoin and no fresh money flow in it will not spikes. And if ethereum also spikes small legit altcoin will probably do the same thing( spikes againts dollar / fiat ).

[BagzMM]

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?

I agree as we know that people has a FOMO mentality, if the bitcoin will be having a rally they will sell their alts and take a ride on the rally of bitcoin. This scenario will let the altcoins dumps with no buyers and bitcoin will make a good rally with those FOMO buyers that makes it spike.

[badykvik]

For me, I believe when bitcoin spikes up, then other smaller altcoins will also rise because most of their prices are controlled by what ever happens to the price of bitcoin and sometimes, some of them even do better without bitcoin.

[Virtual-Money]

from my experience for my investment to altcoin,when the price of btc rise my altcoin holdings price also going up

[deadthings]

It's not exactly what you think. Altcoins always following with bitcoin price, the only reason why altcoins could fall is selling them to buy more bitcoin, but if it works, whales would have to sell a huge amount of altos