Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?

[Zentachain1990]

Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?

[rdluffy]

It's not always like this, right now for example, almost all market are in green

When people put money on market, you will see almost all coins in green, just sometimes people sell alts to buy BTC, it depends on news,  trends etc

[kryptqnick]

Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?

This depends on the situation. What you describe can be explained in the following way: people are doubtful about the crypto market in general but trust Bitcoin more than any other currency. So when they see Bitcoin starting to do up a bit, they invest even more in it because of the FOMO. But when something happens and people start selling, others also continue the trend, exchanging Bitcoin for fiat rather than altcoins. This is normal after all that time of the bearish trend. The trust is gained slowly, and the king gains the trust of investors faster than the peasants, so to speak. If Bitcoin grows stably, people will probably get interested in diversifying the investments again.

[Hughes_Ryan]

Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?

I think the latest changes from the BTC value today came from the community's optimism for the G20 summit that took place at the end of June. We all know the final decisions are derived from bitcoin. It seems that the show at the G20 will create a new milestone for the next boom of the market. bitcoin will be a pioneer in this preparation. So, Wait for effects from altcoin later.

[BrewMaster]

because everyone who is in this market is in it because of bitcoin. 99.999% of them entered this whole thing because they heard about bitcoin and they all have faith in bitcoin's future. simply because it is the only solid project out there that is not created to make the creator rich, it had no premines, not fund raising with different weird abbreviations,...
so whenever they go to altcoin market to make temporary profit, they come back to bitcoin as soon as they see the price changing because they want to be a part of that change and benefit from it by increasing their bitcoin wealth.

[Dontme]

Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?

It depends on where people put their money, when there is big demand on bitcoin people are dumping their altcoin to earn bitcoin. Sometimes also, they dump both BTC and Altcoins to take USD, there are also times when BTC and Altcoins are in demands and the market is green.

[BUK2016]

Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?

It happens like that sometimes but not all the time buddy. Some time, if there are new investors bringing in their Fiat currency into Bitcoin the increase in Bitcoin Market value will affect all other altcoins positively but if the investors are the one withing and they decided to move their altcoins to Bitcoin then only Bitcoin will be increasing in value while altcoins will either remain stagnant or move in opposite direction.

[Fred3030]

Often this trend occur due to the fact that bitcoin is seen as a major base currency against which every other coin are traded. Another reason for this trend is the wide acceptance of Btc over time, as soon as there is a little uptrend in Btc you see everyone wanting to join the train there by dumping their Alts for Btc.

[Lizzylove1]

Well it's simply because bitcoin is the king of cryptocurrencies. No one wants to miss the moving train, you either catch it or be left behind and regret your action. Bitcoin determines the direction of market and will do so continually.

[klaaas]

Well it's simply because bitcoin is the king of cryptocurrencies.

Maybe, It could also be that most altcoins get pegged to btc and on both movements traded towards btc or a stable coin. 

[bhabygrim]

Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?

There are times that this happens maybe it is just a coincident .
The market depends solely on the supplies and demands so the only reason that those events have happen is due to the investors taking their profit.
The crypto drops because they traded their crypto into Fiat and this isn't something new this has happened before.
And we couldn't really expect that when Bitcoin is up the alt-coin would be down because there are times that there would be new trader and fresh money to circulate in the market so that would increase both BTC and alt-coin.

[Shenzou]

Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?

You can't excpect all the other altcoins to get up and the whole market getting some movement, as soon as bitcoin starts going up, at least not in recent couple of rises since they were not a good as the price kept going up and down randomly, you gotta give it some time so that investors and people who are interested in investing in the crypto are assured that the market is recovering, and that is by looking at the price of bitcoin and seeing a good solid rise.

[rdbase]

There is just a delay in the response to the sudden rise of bitcoin price happening so suddenly.
The other altcoins are now increasing in price especially litecoin which closely follows the bitcoin price since it was the first altcoin to be created from its predecessor the almighty BTC.

[CryptoBry]

There is no fixed correlation in between bitcoin and the rest of the altcoins. There were times that when bitcoin is up many alts followed the same patterns and there were also times when they don't. The influence of bitcoin with the rest of the cryptocurrency market is quite obvious and proven but it does not mean that the same pattern can be seen at all times. This is making this whole market very exciting, unpredictable and hopefully for someone who is good on trading also very profitable.

[AjithBtc]

The market isn't the same every time, the variation happens relative to the bitcoin market in terms of adoption amd its real time usage which helps with the circulation of cryptocurrencies. More altcoins doesn't have a working product which are those falling low unlike the market of bitcoin. Most of the top altcoins follow almost the same growth pattern of bitcoin.

[Pursuer]

this question has been asking many times, basically each time altcoins get dumped hard. but you know what, the reason doesn't matter that much in my opinion because the only thing that matters is that for you to keep this in mind and know that it is a certain pattern that the market always follows. knowing that you can make better plans when you are trading and know when and where to put your money in order to avoid big losses.

[emberbekas]

Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?

Some alts follow the trend of bitcoin prices but some don't. I think, people who invest in projects that are relatively not so good, move their investment into famous coins like bitcoin. There are so many alts out there and it's impossible for all of these alts to be able to continue to go hand in hand with bitcoin.

[velive08]

I think altcoin is not entirely dependent on the price of bitcoin, but altcoin is dependent on sales volume, now when bitcoin has increased but the altcoin has not increased the volume of sales and purchases it will not affect the price. maybe that's the main cause

[beatzcoin123]

It is expected because altcoins are directly dependent on bitcoin. So if btc goes down, altcoin follow suit, and when bitcoin rise, altcoins with solid foundation rises too. If we can agree with  ourselves that most altcoins dont have real life use case.

[rosezionjohn]

Here's what I think many traders do:

When bitcoin is going up, they would sell all their altcoins so they can ride the bitcoin profit train then sell for a profit.

When bitcoin is going down, they will sell their altcoins for stable coin (USDT for example), then buy bitcoins at a lower price.

Can you see the picture?