When altcoin price increase

[RapTarX]

When bitcoin price increasess, altcoin decreases. When bitcoin price decreases, altcoin decreases as well. In both case, altcoin suffers. When does altcoin price increases? Why market follow this behavior? Please share constructive reason behind this.

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[Upgrade00]

The bull run of 2017, which can be said to be the first actual price bubble saw many alternative currencies multiply in value at a higher rate than Bitcoin, and during the ensuing bear turn, majority of those altcoins dumped hard, and they were exposed for their lack of actual product value.
This drove majority of investors back to Bitcoin. Also the spike is also caused partly by operations in Bitcoin itself such as the halving, hence the current emphasis on Bitcoin.
Altcoins would rise, but I don't think at the rate it did the last time.

[Strongkored]

When bitcoin price increasess, altcoin decreases. When bitcoin price decreases, altcoin decreases as well. In both case, altcoin suffers. When does altcoin price increases? Why market follow this behavior? Please share constructive reason behind this.

Why does the altcoin price drop when price BTC rises and also continues to fall when BTC also falls because the altcoin market has not gotten the attention of traders, I see this also happens in 2017 price BTC goes up the altcoin prices go down but some time later there is movement in the market especially altcoin and altcoin started to go up, or this could happen because traders began to think about buying altcoins what is good for long-term savings to provide large profits, do not want to happen in 2017 altcoin prices rose high but began to fall dramatically in 2018 which even decreases more than 90%, and traders suffered heavy losses due to this situation.

[lobo13hf]

When bitcoin price increasess, altcoin decreases. When bitcoin price decreases, altcoin decreases as well. In both case, altcoin suffers. When does altcoin price increases? Why market follow this behavior? Please share constructive reason behind this.

About the time of when altcoin will increase can't be determined and some people have predicted the stability of bitcoin price will give a good impact to the altcoin but not at all. Litecoin is going back again to the bottom that follows bitcoin. The demand gets centralized in bitcoin and a lot of people are still feeling worry to bet on altcoin. Altcoin still not yet get a big pump to bring back the investors and you can see how the hashrate of bitcoin is increasing to break a new all time high and that means even miners are putting more money to the bitcoin.

[knuckey]

I think there are also some altcoins that follow the bitcoin movement, when it goes up and down, but the altcoin average is like that, when bitcoin rises, altcoin is dumped to be exchanged for bitcoin and when bitcoin goes down, altcoin is dumped due to panic. Altcoin average relies on a pump to increase its price, except that the market is bullish.

[EdenHazard]

Most investor in cryptocurrencies are bitcoin investor, they are only choose altcoin as alternative investment. So, when bitcoin have a good news which is mean the sentiment market of bitcoin will be good as their prediction they will sell an investment in altcoin and move to bitcoin.  And I believe most investor cryptocurrency only put 20% from their capital to invest in altcoin and the rest 80% from their capital was spent in bitcoin.

[zaxifu]

Well… the market moves in phases… seems to be about 4 years between the big moves. Probably because the market generally follows bitcoin and it’s four-year halving cycle.

Does the chart above look familiar? It should, because we had a huge mark-up in 2016-2017 (bull market), a distribution phase in DEC/JAN, a huge mark-down in 2018 (bear market), and now… right NOW, we are smack dab in the middle of the next accumulation phase.

In this phase, manipulation takes place within a certain range of prices to “shake the trees” and force sellers (weak hands, novice traders) out of the market which helps to accomplish the goal of building a substantial position. That’s what the whales are doing now.

So instead of whining about the recent price drop of your favorite coin, you should be happily accumulating more at the new sale price. You have to get out of the mindset of … “The price is dropping, oh no!… I need to sell before it goes to zero!” Because that’s exactly what the manipulators… the whales… want you to do. That’s their game.

But if you accumulate when they do (now)… be patient for a couple of years (about 18 months after the May 2020 halving)… and then sell during the distribution phase, you will have successfully swam with the whales.

I found some profitable IEO's like- Moozicore, Bitpanda, Swace, Neutro, etc https://tokensale.moozicore.com/

[J1mb0]

When bitcoin price increasess, altcoin decreases. When bitcoin price decreases, altcoin decreases as well. In both case, altcoin suffers. When does altcoin price increases? Why market follow this behavior? Please share constructive reason behind this.

Now I cannot predict when prices for altcoin may rise. It does not depend on the same BTC as before. Right now whether BTC increases or decreases, altcoin is still down. The altcoin season seems to be far away for us

[o.ogurlu]

I think that in order for the increase in altcoin prices to start, the bitcoin price must go up rapidly first and then the price should be stable for a while. Because i think, these sudden changes in bitcoin prices are causing investors to opt for Bitcoin. And this situation prevent the increase of altcoin prices.

[Lantind]

What I analyze from the market is that there are always interested buyers of bitcoin even when the price drops again, so bitcoin always goes up and down prices in the market, different from the altcoin whose interest is uncertain and there are even altcoins who are not interested, so in the second the case you mentioned has no connection at all except all traders like all altcoins and bitcoins.

[Ridwan Fauzi]

Not all market of altcoin following the movement price of bitcoin. Indeed most of altcoin price such as some altcoins in the top position tend to adhere bitcoin price movement, because it was being a culture and many investor will have a thinking as of you says. For them bitcoin is a benchmark to decide buying and selling their altcoin. But I'll believe that an altcoin price will never to adhere bitcoin price movement depend on the development of the altcoin itself. Have you see the top of altcoin who meet gainers and losers in coinmarketcap? maybe that will enlighten to your understanding of altcoin price movements.

[GGmith]

I don't know what happened or maybe this is just a market correction. but when bitcoin rises, the altcoin price also goes up but on the contrary now I see in the market the price of bitcoin decreases altcoin actually decreases, but I still believe that this market condition will not be forever like this, I am sure the market will recover soon and the price of bitcoin and altcoin go up again.

[asrafkhairulazzam22]

because bitcoin is the king of crypto, altcoin can't do anything except bitcoin in a stable condition, usually the altcoin will rise easily if bitcoin is in such condition.. we see now that the dominance of bitcoin has been 68% likely that altcoin this month will continue to fall.

[marilynmanson21]

If the question is when, the answer is altcoin price will be rised up when bitcoin price are stable / sideways. But it's also depend on the quality and hype of those token/coins itself. Supply and demand also affecting the price of those Altcoins. I always avoid trading when bitcoin price are unstable.

[MadeinCoin]

I think there are also some altcoins that follow the bitcoin movement, when it goes up and down, but the altcoin average is like that, when bitcoin rises, altcoin is dumped to be exchanged for bitcoin and when bitcoin goes down, altcoin is dumped due to panic. Altcoin average relies on a pump to increase its price, except that the market is bullish.

Right, now we can conclude that the average person tends to follow the trend direction. When this month the bitcoin trend increases, they will dump altcoins for bitcoin and vice versa. If the influence is very large like this, it means that many people are still victims of FUD and FOMO. They do not analyze well, they only see what is in the news.

[oemar bakrie]

both of these tokens have a big influence on crypto ...
the exchange rate will improve again if all it projects are running properly and according to what is being promoted ..

[Dejuva]

I think there are also some altcoins that follow the bitcoin movement, when it goes up and down, but the altcoin average is like that, when bitcoin rises, altcoin is dumped to be exchanged for bitcoin and when bitcoin goes down, altcoin is dumped due to panic. Altcoin average relies on a pump to increase its price, except that the market is bullish.

Agreed. Other things that affect altcoin price (and are not connected with the bitcoin directly) are project development and project's activities. MVP's release, scam accusations, partnerships — the list of possible reasons is pretty big.

[Plecet Bank]

This phenomenon I think is very reasonable. But with the increase in Bitcoin prices are able to make the market again experience increased trading volumes. We know that the year 2018 market continues to decline and many people are out of the market. And now indeed Altcoin has decreased if the price of Bitcoin is pumping. I suppose if Bitcoin is stable, Altcoin will pump back.

[Vishnu.Reang]

When bitcoin price increasess, altcoin decreases. When bitcoin price decreases, altcoin decreases as well. In both case, altcoin suffers. When does altcoin price increases? Why market follow this behavior? Please share constructive reason behind this.

You are talking about the prices versus BTC. But against USD, most of the alts have gone up during the last few months. For example, ETH has gone up by more than 100% and Litecoin has gone up by 230%. The issue here is that BTC has gone up by even more against USD. But we may be witnessing some improvement in the situation. For example, the Bitcoin dominance has gone down to 64.4% from 66.6% in a few days.

[QuiteRight]

I think there are also some altcoins that follow the bitcoin movement, when it goes up and down, but the altcoin average is like that, when bitcoin rises, altcoin is dumped to be exchanged for bitcoin and when bitcoin goes down, altcoin is dumped due to panic. Altcoin average relies on a pump to increase its price, except that the market is bullish.

Agreed. Other things that affect altcoin price (and are not connected with the bitcoin directly) are project development and project's activities. MVP's release, scam accusations, partnerships — the list of possible reasons is pretty big.

I often speculate on the token burning. Usually when token burns, it affects the price positively (in a short term ofc). I constantly monitoring some alts which are going to be burned to make ez profit. It's not the best strategy, but it works At the end of June I made 200% on TAN's burning, so the story is going to be repeated this month as well.