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Author Topic: Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?  (Read 648 times)
sgenuine
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June 16, 2019, 07:12:06 PM
 #41

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.

Although, still, altcoins (most always) follow Bitcoin. I am talking about the top-20 tokens. Shitcoins have their own life, and some of them (although, finally these coins will die) can bring fast unexpected profit to their investors.
MidnightWolf
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June 17, 2019, 05:10:45 PM
 #42

It seems to me that the cryptocurrency market always inadequately responds to the manipulations of the speculator and the big whales.  But if the cryptocurrency market develops in a healthy direction, then it can be safely assumed that after Bitcoin and the ethereum reach certain prices, prices for other cryptocurrencies will also go up.  I can explain this by saying that users of cryptocurrencies will only then with a great desire to invest Bitcoin and ethereum in other cryptocurrencies.
Vishnu.Reang
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June 17, 2019, 05:48:56 PM
 #43

After witnessing the crazy bull run of 2017, the laggardness of the altcoins doesn't surprise me now. Most of the crypto-users have realized that the vast majority of the altcoins are good for nothing. In the near future, the Bitcoin dominance (which currently stands at 57.2%) will continue to increase and apart from a few good altcoins such as ETH and XLM, most of the others will become obsolete.
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June 17, 2019, 06:26:11 PM
 #44

Yes, that's true and indeed that's what often happens now that altcoin prices always have difficulty increasing prices even when bitcoin prices rise or fall. To be honest, I don't understand the cause of the hardship for the altcoin, but even so I'm still trying to survive and wait for the increase for the altcoin.

BeManga
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June 17, 2019, 07:03:01 PM
 #45

Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?
well not all altcoin will go up when the bitcoin price rise
the price of altcoin also depend on the development of the project






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maxreish
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June 19, 2019, 04:21:21 AM
 #46

May I ask what coins are you holding? Some top 10 altcoins are following bitcoin's price like eth, bch and bnb if you are aware of it and if you are looking for their updates. Maybe, the coins you are holding are not that potential and maybe they are not focusing on those altcoins and were left behind that is why it is hard for them to increased it's price.

Sometime, it is really hard to predict which altcoins are going to bull run if even btc is goin' up. The focus of most of the investors and traders are in the top  altcoins only.
Pamadar
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June 19, 2019, 04:57:13 AM
 #47

Altcoins are down when BTC up, altcoins again down Even if BTC down. Why?
well not all altcoin will go up when the bitcoin price rise
the price of altcoin also depend on the development of the project


That should be the right case there, every movements should be depends on how the project progressing and not alone depending with how bitcoin moves, it's not good for the project to completely relied to how bitcoin, though there's always possibilities that every bitcoin moves affects the entire alt community but should be changed up after some time.
Zentachain1990 (OP)
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June 19, 2019, 02:39:39 PM
 #48

Really different situation according to past years in my opinion
Broly46
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June 19, 2019, 05:42:09 PM
 #49

The only shitcoin that outperform bitcoin is Binance coin. And most of the other altcoins are still having -99% from its ATH, despite bitcoin has recovered 50% loss from ATH. It tell you a lesson, they’re shitcoin because they simply never perform better than BTC. And not even the top 100 coins could stand out to beat BTC.

Self hating nerd that want to escape from reality into the cyberpunk.
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