How are bitcoin and alt price charts connected?

[Febo]

Before 2017, bitcoin had most of the cryptocap market share, something like 80-90%. When an alt pumped, bitcoin price typicially didn't budge. Now, when one of the major coins move they all move with it. My first question is how is this happening? when the demand for bitcoin goes up and the price goes up, why are pretty much the top 50 coins going up as well? Same with when the price goes down. I don't believe that people all of a sudden put money into all the coins at once, something else is going on maybe someone can explain?
The main point of concern I have is that if this continues, it's going to be hard to get bitcoin price into 6 figures because of all these stupid shitcoins that have to get dragged along with it.
How and why is this an all or nothing game? Thoughts?

Alt coin owners cherish their coins in bitcoin price. So if it is 0.1 it is 0.1 BTC. when Bitcoin goes up in USD then when alt is 0.1 BTC it also goes up in USD.

[LUCKMCFLY]

This has a lot to do with learning to understand the market, that is, there are many things and details that altcoins, tokens, follow, the first thing to understand is that bitcoin is the leading currency, it is the currency that gives and dictates the road, and all the altcoins, absolutely all depend on bitcoin, because there is no altcoin that has a life of its own.

When the bitcoin falls in price, the altcoins go down, this can happen because those who have altcoins directly affect the price of their altcoins, it is normal, then the price of their coins are much lower than before, which can produce concern, but because of volatility is something that turns out to be normal.

When the bitcoin increases in price, the altcoins receive a certain price drop, this is because those who have the altcoins tend to sell them so that they are left with bitcoin and thus do not miss the bitcoin movement, since bitcoin when it raises generates much more profits than the same altcoin.

When bitcoin enters the bullish trend, the altcoins begin to rise little by little, that is to say, when the price rises, the altcoins have their tendency to fall, but to the market to be in trend the altcoins begin to follow the bullish road that takes bitcoin , this occurs by natural market action and those who have bitcoin take part of their money in altcoins, because they know that the altcoins are cheaper, they can go up to 2x, 3x, 5x, 10x and thus generate much more benefits. I think this is why as altcoins follow the price of bitcoin, somehow all follow the path of bitcoin.

[davis196]

Before 2017, bitcoin had most of the cryptocap market share, something like 80-90%. When an alt pumped, bitcoin price typicially didn't budge. Now, when one of the major coins move they all move with it. My first question is how is this happening? when the demand for bitcoin goes up and the price goes up, why are pretty much the top 50 coins going up as well? Same with when the price goes down. I don't believe that people all of a sudden put money into all the coins at once, something else is going on maybe someone can explain?
The main point of concern I have is that if this continues, it's going to be hard to get bitcoin price into 6 figures because of all these stupid shitcoins that have to get dragged along with it.
How and why is this an all or nothing game? Thoughts?

You are asking a pretty stupid question.There are 3 answers:
1.All the traders have to buy altcoins with btc.
2.The crypto whales are pumping altcoin prices by buying altcoins with btc.
3.Cryptocurrency exchange platforms are pumping the altcoin prices by faking trading volumes and other price manipulations.

[WinslowIII]

Before 2017, bitcoin had most of the cryptocap market share, something like 80-90%. When an alt pumped, bitcoin price typicially didn't budge. Now, when one of the major coins move they all move with it. My first question is how is this happening? when the demand for bitcoin goes up and the price goes up, why are pretty much the top 50 coins going up as well? Same with when the price goes down. I don't believe that people all of a sudden put money into all the coins at once, something else is going on maybe someone can explain?
The main point of concern I have is that if this continues, it's going to be hard to get bitcoin price into 6 figures because of all these stupid shitcoins that have to get dragged along with it.
How and why is this an all or nothing game? Thoughts?

You are asking a pretty stupid question.There are 3 answers:
1.All the traders have to buy altcoins with btc.
2.The crypto whales are pumping altcoin prices by buying altcoins with btc.
3.Cryptocurrency exchange platforms are pumping the altcoin prices by faking trading volumes and other price manipulations.

"1.All the traders have to buy altcoins with btc."

Where the fuck have you been the last couple years? this hasn't been the case for a long time - people have access to the top 20+ coins just as easily as access to bitcoin now.

"2.The crypto whales are pumping altcoin prices by buying altcoins with btc."

This does not in any way explain why nearly all coins follow WITH bitcoin price movies, and they all seem to go up and down at very similar rates. No, whales are not pumping alts with bitcoin - what's more likely happening is these coins aren't being pumped at all, rather they automatically go up because they maintain their btc pairing value through some automatic process.

"3.Cryptocurrency exchange platforms are pumping the altcoin prices by faking trading volumes and other price manipulations."

This has absolutely nothing to do with my question, you have a comprehension problem.
And you call my question stupid.

[yohananaomi]

They are connected because most of altcoins are traded with bitcoin, and people ussually exchange bitcoin for altcoins or altcoin for bitcoin, and the price of altcoins goes down because now most altcoins was selled for bitcoin.

But what does this have to do with price moves that have all coins moving in concert at the same time?

maybe not all altcoins will move together, I think as said above, maybe only what is true when exchanging uses bitcoin so it is clear that if the bitcoin moves down and rises it will impact directly because of that.

[BitcoinHunt3r]

They are connected because most of altcoins are traded with bitcoin, and people ussually exchange bitcoin for altcoins or altcoin for bitcoin, and the price of altcoins goes down because now most altcoins was selled for bitcoin.

But what does this have to do with price moves that have all coins moving in concert at the same time?

maybe not all altcoins will move together, I think as said above, maybe only what is true when exchanging uses bitcoin so it is clear that if the bitcoin moves down and rises it will impact directly because of that.

Usually it is old coins or maybe coins that have a lot of community on it. On tokens, i not really see but not want to take a risk invest in there in market because there are a lot of chance that price can be up and down very fast.

[FanEagle]

This is also still a misery to me and your write up has typically expressed my mind completely about the situation. Most of us just see altcoins move along with bitcoin, and most especially altcoins at the top marketcap, but we have not really wondered the relationship between them. Some even believe that people sell altcoins during bitcoin bull to buy bitcoin, but if they do, alts are meant to dump, but instead, they are pumping.

The only explanation I could just get for this is that when people see that bitcoin has started performing, they quickly join the train so they don’t miss out and in the process of doing so, they also feel like diversifying, which their focus will be on coin at the top market since they are still the only alts that are following bitcoin run for now.