Price of alts when BTC pumps

[Astvile]

This is why,altcoins never drop price when you based it on USD now when bitcoin price pump the price in BTC of each altcoin will decrease but the value in USD will increase,they cant pump at the same time because altcoins would be so much overpriced

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[AjithBtc]

Altcoins against the value of bitcoin seems to fall while the value against USD seems growing. This is commonly found with the cryptocurrencies and through the majority of the altcoins move it is possible to predict whether the market is turning completely bull trend or still in the bear market. From my view when the perfect bull market starts we can experience growth of altcoins against Bitcoin moving in a gradual manner.

[bonker]

Actually the price of altcoins are depending on Bitcoin. Bitcoin is leading all the altcoins at this moment. If the price of bitcoin goes down then price of altcoins gets down. There is a strong connection between bitcoin and altcoins about price.

Not always,sometimes it moves inversely proportional as well when the price of bitcoin increases so it is the reason why USDT pairs didn't move along with bitcoin.

[udidrone]

Why do USDT pairs raise with a BTC pump and BTC pairs fall? I understand that when BTC pumps, people sell their alts to ride the BTC wave up, but it doesn't really make since why USDT pairs don't do that. Wouldn't it make sense for people to sell their USDT pairs so that they can buy BTC and ride it up, and hold their BTC pairs as the value is going up anyway? Thanks for any answers! 

USDT, maybe that is why it is called stable coin. It have back up and maybe not really affected by bitcoin price. That is only from what i see. Because supply and demand really affect on where crypto pricee will go.

[D3m1r4wanti]

at the moment I see that the decline in bitcoin prices will be directly proportional to the decline in altcoin prices, so if bitcoin goes down it is certain that the altcoin will also fall.

[dark08]

The worst scenario right now in the market when bitcoin pump altcoin dump, when Bitcoin dump altcoin also dump, but the USDT pair constantly follow the flow of bitcoin price but not all the time because sometime its not follow the bitcoin flow. Some trader sell their altcoin when Bitcoin price go up to make profit then switch to USDT.

[RodeoX]

Because only bitcoin matters?

[arpon11]

Why do USDT pairs raise with a BTC pump and BTC pairs fall? I understand that when BTC pumps, people sell their alts to ride the BTC wave up, but it doesn't really make since why USDT pairs don't do that. Wouldn't it make sense for people to sell their USDT pairs so that they can buy BTC and ride it up, and hold their BTC pairs as the value is going up anyway? Thanks for any answers! 

Maybe you need to study more and understand how this market work as I think we are not going to get profitable trade if we didn't understand how it really work.  When bitcoin is pumping it means funds are moving from fiat currency to cryptocurrencies and over ninety percent of funds you see flowing into the market is from fiat market.  Usdt which happens to be one of the coins that hedge against bitcoin or others cryptocurrencies also do benefit from this inflow of funds.  The altcoins market do benefits from this inflows of funds also and that is why when bitcoin get pump most of them get pump too and when it get dump there also get dumped too.

[Danslip]

The price of altcoin has a deeper connection with the price of both BTC and ETH. ERc20 tokens usually follow the direction of the main price OF ETH. Btc pumps and altcoins follow this pump.

[Capt00]

The price of altcoin has a deeper connection with the price of both BTC and ETH. ERc20 tokens usually follow the direction of the main price OF ETH. Btc pumps and altcoins follow this pump.

No, not all altcoins follow with the Bitcoin price movement, there are some times that when bitcoin pump altcoins dump that is just because of the USDT rate which USDT coin is on stable progress. Maybe we could say this that altcoins swing the price when bitcoin pump but one thing we know for sure, they are unpredictable.

[Kevin77]

Weird thing is they used to be together and parallel, I don't know when this new one goes up and one goes down thing started and I am serious, I have no idea when was the first time, a case could be made for 2017 bitcoin cash hard fork but after that something happened and all the values of alts started to drop when bitcoin went up, not in dollar value exactly but in bitcoin value it started to drop. So, they were pegged to dollar somehow, so if something worth 0.1 back in the day and 100 dollars when bitcoin went up it used to go up in btc too like 0.2 and in dollar too like 250 but now it stays at 100 dollars and drops in btc like 0.05 or whatever.

Hence, I guess now its more about dollar value of the coins and not the bitcoin value of the coins that is checked and decided.

[Whosdaddy]

The price of altcoin has a deeper connection with the price of both BTC and ETH. ERc20 tokens usually follow the direction of the main price OF ETH. Btc pumps and altcoins follow this pump.

No, not all altcoins follow with the Bitcoin price movement, there are some times that when bitcoin pump altcoins dump that is just because of the USDT rate which USDT coin is on stable progress. Maybe we could say this that altcoins swing the price when bitcoin pump but one thing we know for sure, they are unpredictable.

To the best of my knowledge, which I stand to be corrected also, I think the main reason why altcoins do dump when BTC pumps is because of FOMO, many people instead of using fiat to buy more bitcoin when it starts showing signs of pump would convert their altcoins to BTC temporarily, and adding the altcoins changed to BTC market will continue to increase the price of BTC until it shows reversal trend, the moment BTC shows reversal trend, many investors sells the altcoins part in BTC off to make profit, and return it back to altcoins. So, both are helpful in this regard, altcoins dump for BTC to rise while BTC dump for altcoins to rise.

[Kasabus]

The price of altcoin has a deeper connection with the price of both BTC and ETH. ERc20 tokens usually follow the direction of the main price OF ETH. Btc pumps and altcoins follow this pump.

No, not all altcoins follow with the Bitcoin price movement, there are some times that when bitcoin pump altcoins dump that is just because of the USDT rate which USDT coin is on stable progress. Maybe we could say this that altcoins swing the price when bitcoin pump but one thing we know for sure, they are unpredictable.

It will follow of course, but the question is, when?
We've seen bitcoin now increase its price, but altcoins still did not have a good increase, maybe for some, but we are talking
of altcoins here so we are expecting that most of it, expect shitcoins.
It happened in the past and when that time comes, we can call that a real bull run, when both Bitcoin and altcoins increase, it will easily increase the entire marketcap.

[Joetann94]

Another tip you :

The ETH/BTC pair usually frontruns the majority of alts therefore gives us an indication of where other alts are likely headed vs BTC.

[cryptothreads]

The worst scenario right now in the market when bitcoin pump altcoin dump, when Bitcoin dump altcoin also dump, but the USDT pair constantly follow the flow of bitcoin price but not all the time because sometime its not follow the bitcoin flow. Some trader sell their altcoin when Bitcoin price go up to make profit then switch to USDT.

USDT is the last solution to know exactly what your profits are when trading and this way is often used by all traders in the last few years. I think the market is now really hard to predict because we cannot be sure which altcoin will raise the next price and if altcoin you invest achieve 5% -10% in a day, consider selling because later when price increases, there will be a huge correction. The advice is not to be greedy because if you are greedy, you will panic sell when the market turns red

[playboy654]

The improvement will definitely happened in this type of situation because when become was improving the pump was definitely affected the value of other currencies and it will definitely going to up and people were trying to invest different types of investment this will be the reason for the improvement.

[Pamadar]

The improvement will definitely happened in this type of situation because when become was improving the pump was definitely affected the value of other currencies and it will definitely going to up and people were trying to invest different types of investment this will be the reason for the improvement.

To simplify that, investors who gained money from bitcoin investment will find diversions and alts market is the first priorities, they will look for good alts to invest their money and begin the hyped, the more investors to do this the better the value of alts to go along while bitcoin is pumping, although not
every time but there's situations like this happen.

[futile-resistance]

at the moment I see that the decline in bitcoin prices will be directly proportional to the decline in altcoin prices, so if bitcoin goes down it is certain that the altcoin will also fall.

That is what I have been seeing for long. There is no exact correlation between both but I think that the factors responsible for the reduction in the values of Bitcoin also affect Altcoin in an adverse way. But speaking about the current scenario, speculating in Altcoin could be great because Bitcoin is in the bullish mood and the prices of altcoin could also move up.

[Pursuer]

at the moment I see that the decline in bitcoin prices will be directly proportional to the decline in altcoin prices, so if bitcoin goes down it is certain that the altcoin will also fall.

That is what I have been seeing for long. There is no exact correlation between both but I think that the factors responsible for the reduction in the values of Bitcoin also affect Altcoin in an adverse way. But speaking about the current scenario, speculating in Altcoin could be great because Bitcoin is in the bullish mood and the prices of altcoin could also move up.

actually there is a correlation between bitcoin price and altcoin prices. the only thing that causes some differences in certain cases is exception cases.
we all know that the relationship is that whenever bitcoin price is changing at a higher percentage than 5-10% no matter if it is going up or if it is going down, the altcoins will get dumped. that rule is always true. but the exception to this rule is the case with altcoins that have something special going on. for example if an altcoin is already starting to get pumped and then bitcoin starts rising then that altcoin get continue its pump because the pumpers don't cancel what they had started that easily.

[consideritdone]

Bitcoin rises now https://www.coingecko.com/en we will see all alts following it think