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

[kidbounty]

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

because everyone just thinks about profit. no one wants to buy when the price has dropped or it has been predicted to go down. they will only buy when prices rise. this is a bad cycle, but we must admit this is the way to survive and get profit here.


now I want to ask you, are you going to buy a coin that you know will come down?

the answer is definitely not. that's the reason for your question.

[maydna]

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

I don't think so. Many altcoins can follow bitcoin increases, and some of them can increase in the higher price. People were making a profit from altcoin in bitcoin so now, and they are selling their bitcoin for making another profit in fiat. So if right now bitcoin price increase, that means, many people sell their bitcoin to make a bigger profit. But there is high demand from other people to buy bitcoin at a price now and perhaps, that people don't want to lose the chance to have bitcoin before the price increase too high.

But some of the altcoins already get down in this week, and maybe that is because of that altcoin cannot sustain their price in the last high price so they correct a while before they can increase higher later.

[slaman29]

Not sure what charts you're looking at. My alts have been green in the past few days, ever since Bitcoin went up. Yes, there are times when it does the opposite but in the majority of situations, Bitcoin rising in value is good news for all of crypto.

Unless you're looking at alt-BTC pairs of course, then you generally see that red if Bitcoin flies. Like what happened yesterday.

[vucuong16101997]

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

If you are new to this . I can only tell you the reason is because of the demand for buying and selling of people in the cryptocurrency. Explain why it is so. In my opinion, the news of the past few days has affected prices.

[Daniel91]

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

Well, very good aquestion, and I've been thinking a lot about it recently.
During 2017 I invested my funds in bitcoin and altcoins in the same time.
When bitcoin grew, altcoini was growing even more but when the bitcoin began to fall altcoins have lost even more value.
When the crypto market began to recover, Bitcoin partially recovered but my altcoins have never recovered.
Why?
I guess because everybody know bitcoin and it's main entry point in the crypto market.
Everybody wants to have some bitcoin, it's crypto market leader but we have so many altcoins that people are confuse which one is good choice.

[waynechong1995]

Most likely an alt bagger wished to entry later, for me it was alts sold went BTC and after it stabilize flow back to alts again. Sometimes its BTC > fiat which triggers further alts > BTC> fiat sells. These weeks alts already have significant growth when BTC is over 7k, big movements for top 20 coins. If the bull is real then some minor correction would induce more buys. Alts have to shine over these periods with quality exposure over the market. I re-positioned too much with BTCs movement and lost alot.

[dragonvslinux]

I personally think it's because this current bull move is coming to an end, and will be followed by a considerable correction. Even if it takes until Bakkt is launched in July before pushing the price back down to sanity. Remember what happened last time futures was launched? I'm waiting for the slow grind of accumulation. Altcoins will come later...

[luigi3]

I noticed that too but it was only a few weeks before they will go with the price of bitcoin so for me they always follow what bitcoin is especially the price.

[bitkanu]

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

Well, very good aquestion, and I've been thinking a lot about it recently.
During 2017 I invested my funds in bitcoin and altcoins in the same time.
When bitcoin grew, altcoini was growing even more but when the bitcoin began to fall altcoins have lost even more value.
When the crypto market began to recover, Bitcoin partially recovered but my altcoins have never recovered.
Why?
I guess because everybody know bitcoin and it's main entry point in the crypto market.
Everybody wants to have some bitcoin, it's crypto market leader but we have so many altcoins that people are confuse which one is good choice.

People are moving their money to bitcoin they are in fear of missing out, therefore the capitalization for the altcoins decreased but the 24h volume increased like crazy, that's what usually happens and to be expected since people seem to easily get panicked over the simplest move of bitcoin price but that's natural and not a wrong thing.

[shoreno]

why ? simply because there is no demand for them . people these days usually invest for bitcoin because they see that bitcoin shows a sign of an incoming bull run and their decision was actually right because bitcoin did actually pumped up and its still expected to pump more  .  if you can earn easy and quick profits on bitcoin then why not invest all of your capital on it ?  its a wise decision than spreading your capital on other coins and waiting for the unknown  .

[MIner1448]

this process no one can predict, although it has always been so when bitcoin is up, followed by altcoins, now most likely the market has changed, many investors are not willing to invest in altcoins when bitcoin is growing.

[bering]

I don't know the exact reasons why this is happened repeatable but for me personally it's simple because people will always be following market trend and such as today when bitcoin market were pumped then people automatically will trade for bitcoin so altcoins would be lack of movement even so if bitcoin price dropped then people usually attempts to seeking altcoins which is very potential to grow because profit are people main reasons including me

[Ridwan Fauzi]

How many hours or days did you see the price movement of bitcoin and altcoins? Because your statement not entirely like that, maybe it's just a coincidence. Even I just think what everyone was said that the market of altcoin is depend on bitcoin price movement is wrong. Each altcoins has the own moving price because they have a developer who will try to update their coin system get better. They will find another gap for their coin can be accepted by some companies to be use as payment system or to be use as send money tool. You will know how the different it is if you often to se the movement price, I see your account still newbie and I have a conclusion that you don't see the price movement for at least one weeks or more than that.

[izanagi narukami]

Most altcoin are adjusting based on crypto value.
As we know, it's market based on supply and demand in complex trading situation in order to achieve profit.
Some altcoin will uptrend if the demand really great, that's it and nothing strange at all

[Eraldo Coil]

It is not really like that always. If you look at the graph of both variables, the trends change over time and no one can really say what is the exact reasoning behind all of these. Because, most of these are just speculations. However, there is always an advantage and disadvantage with these situations.

[xWolfx]

because everyone just thinks about profit. no one wants to buy when the price has dropped or it has been predicted to go down. they will only buy when prices rise. this is a bad cycle, but we must admit this is the way to survive and get profit here.


now I want to ask you, are you going to buy a coin that you know will come down?

the answer is definitely not. that's the reason for your question.

Also, the same people who invests in Bitcoin has a different mindset than those who invest in altcoins. So their strategies to make profit tend to be really different.

That could be one of the aspects that explains which it seems to not make sense but it's just hidden patterns.

[fiulpro]

The only reason we have trading pairs is because this way we could actually trade without any middle man , if we doubt the recent one we are holding we could change in an instant.

Whenever btc goes down , people make bets the change for the currencies thus actually they might get benefits from it.

Thus the change in price.
Its is like placing bets.

[jak3]

I still think bitcoin is not falling. it's just down for few times during this year. we can see that it did not fail to fulfill everyone's expectation. people made profits again with btc. and as far as altcoins can go they are always volatile but as we can see some altcoins are making very good progress this year. as LTC has grown to 300% and Elon Musk has become the CEO of dogecoin that opened a lot of possibilities for both of these coins.

[Juggy777]

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

Which altcoins are you talking about care to name them, as popular altcoins prices are always rising upwards whenever bitcoin prices starts to rise. Altcoins prices often crashes whenever bitcoin prices are crashing and that’s normal, because the crypto market follows bitcoin prices lead. I feel you have brought scam ICOs which are not rising at all, if it’s yet possible dump them and invest your money in bitcoins.

[Pamadar]

I don't know the exact reasons why this is happened repeatable but for me personally it's simple because people will always be following market trend and such as today when bitcoin market were pumped then people automatically will trade for bitcoin so altcoins would be lack of movement even so if bitcoin price dropped then people usually attempts to seeking altcoins which is very potential to grow because profit are people main reasons including me

Profitable position as always, traders loves to work with volatility so when market for bitcoin start to show green more traders will place their money inside
most of them will trade alts to hold more bitcoin then wait for the right timing to buy back and continue the cycle of trading, good traders will always look
for a good time to take position for better growth of their assets.