Bitcoin Forum
October 25, 2020, 04:20:54 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Why stable coins/tokens always go opposite to all altcoins  (Read 168 times)
NIKUBHI
Copper Member
Newbie
*
Offline Offline

Activity: 341
Merit: 0


View Profile
April 20, 2020, 03:31:22 AM
 #1

We all know stable coins/tokens like USDT, TUSD, etc which have always stable on one dollar or nearby of its value. But one of the things we always saw in stable coins/tokens is that their price graph chart is always opposite to all altcoins running in the market. I mean to say when all coins/tokens going up/green then these stable coins/tokens are in red/down position and when the market goes down/red these stable coins/tokens are in green/up positions. Can anyone explain why is this happen?
1603599654
Hero Member
*
Offline Offline

Posts: 1603599654

View Profile Personal Message (Offline)

Ignore
1603599654
Reply with quote  #2

1603599654
Report to moderator
1603599654
Hero Member
*
Offline Offline

Posts: 1603599654

View Profile Personal Message (Offline)

Ignore
1603599654
Reply with quote  #2

1603599654
Report to moderator
1603599654
Hero Member
*
Offline Offline

Posts: 1603599654

View Profile Personal Message (Offline)

Ignore
1603599654
Reply with quote  #2

1603599654
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
asriloni
Legendary
*
Offline Offline

Activity: 1722
Merit: 1009



View Profile
April 20, 2020, 03:40:39 AM
 #2

We all know stable coins/tokens like USDT, TUSD, etc which have always stable on one dollar or nearby of its value. But one of the things we always saw in stable coins/tokens is that their price graph chart is always opposite to all altcoins running in the market. I mean to say when all coins/tokens going up/green then these stable coins/tokens are in red/down position and when the market goes down/red these stable coins/tokens are in green/up positions. Can anyone explain why is this happen?
That means when stable coin gets red pattern and so many stable coin holders sold their stable coin for altcoin or bitcoin and otherwise people will try to buy bitcoin and sell their altcoin when the bearish trend for altcoin is happening and this trend will always like this forever. It's easy to understand about the correlation between both


.Mix coins.
 
Your BITCOIN Transaction
made Truly ANONYMOUS
 

███████
█████████████████
████████████████████████
█████████████████████████████
██████████                    ██████████
█████████                          █████████
███████                                    ████████
          ███████                                        ███████        ██
          █████████████████████████████████████      ███
          █████████████████████████████████████  █████
          ████████████████████████████████████  ██████
        ██████████████████████████████████████████
  █████████████████████████████████████████
█████                                        ████████████
                                  ██████████████
██                          █████████████████████          ██      
█████              ███████████████████████          ████      
█████████████████████████████            █████████      
██████████████████                      ████████████        
██████████████████████████████████████      
████████████████████████  ███████  
    ██████████              █████
                      ████████
      ████████████████    █
        ██████████████████
                  █████      ███
                      █████
                    ████

Blender
 
The ULTIMATE BITCOIN Mixer
with an ADVANCED TECHNOLOGY
 

███████████    
███████████████████████    
████████████████████████████      
██████████████████████████████      
██████████████████████████████      
 

                                          █████████████
                                          ███████████
██████
                                          ███████████
██████
                                          ███████████
       ██
                                        ████████████
       ██
    ██                              █████████████
       ██
    ████                      ███████████████
       ██
    ██████              █████████████████
       ██
    █████████████████████████████
         ██  
      ███████████████████████████
         ███
      ██████  ████████████████████
       ████
      ██████████████████████████
 ██████
      ██████████████████████████
███████
  █████      ████████████████████
███
████          ████████████████
████  
████          ████████████████        
████████████████████████
 

    
█████████████████████████        
███████████████████████████        
█████████    ██    ███    ██████████      
███████████    ██    ███     ██████████        
███████████    ██    ███     ███████████      
██████████████████████████████████      
██████████████████████████████████        
minairia3
Sr. Member
****
Offline Offline

Activity: 938
Merit: 285


View Profile
April 20, 2020, 07:54:56 AM
 #3

That means when stable coin gets red pattern and so many stable coin holders sold their stable coin for altcoin or bitcoin and otherwise people will try to buy bitcoin and sell their altcoin when the bearish trend for altcoin is happening and this trend will always like this forever.
This is right. Think its just a matter of demand and supply. Thats normal to see when the market for crytocurrency the none stable coin goes up the stable coin will react opposite cause everyone buying crypto and demand for stablecoin gets lowered. It same when the vice versa happened. It's really just a simple understanding about the exchange of two factors.

leyton11
Sr. Member
****
Offline Offline

Activity: 560
Merit: 250



View Profile
April 20, 2020, 08:00:40 AM
 #4

We all know stable coins/tokens like USDT, TUSD, etc which have always stable on one dollar or nearby of its value. But one of the things we always saw in stable coins/tokens is that their price graph chart is always opposite to all altcoins running in the market. I mean to say when all coins/tokens going up/green then these stable coins/tokens are in red/down position and when the market goes down/red these stable coins/tokens are in green/up positions. Can anyone explain why is this happen?
The opposite happens due to human needs. because when the coins grow, the holders of the stablecoins will sell it quickly and buy the coins. it is also one of the fomo effects and investors will have to quickly seize the opportunity to make a profitable trade. and when alts and btc are sold off, traders will sell off and fiat users will take advantage of the opportunity to buy more stablecoins and buy alts when they are cheap.
Psynthax
Hero Member
*****
Offline Offline

Activity: 1386
Merit: 502


PayAccept - Worldwide payments accepted in seconds


View Profile
April 20, 2020, 11:09:52 AM
 #5

Sometimes it goes the same way as those altcoins do, if I'm about to give vague answer, it's just a mere coincidence that you found it that way. However, it's just simply demand and supply doing its action. for all I know if bitcoin is being dumped that means people are selling off or in other words buying these stablecoin or the other way around, that clearly explain your question.

Akiko
Full Member
***
Offline Offline

Activity: 826
Merit: 188


★Bitvest.io★ Play Plinko or Invest!


View Profile
April 20, 2020, 11:12:45 AM
 #6

We all know stable coins/tokens like USDT, TUSD, etc which have always stable on one dollar or nearby of its value. But one of the things we always saw in stable coins/tokens is that their price graph chart is always opposite to all altcoins running in the market. I mean to say when all coins/tokens going up/green then these stable coins/tokens are in red/down position and when the market goes down/red these stable coins/tokens are in green/up positions. Can anyone explain why is this happen?

only a little difference in price it is not really affected . The reasons  why it's happen is simple traders always use stable coins every time they get profit or before they will lose in fiat value . That's why its move always in different sides.

Sample is when there are green market in Altcoins many traders will secured their profit  and convert in USDT that's why its red because many people converted their currency to stable coins .

FireBallex
Member
**
Offline Offline

Activity: 308
Merit: 18


View Profile
April 20, 2020, 11:25:13 AM
 #7

It goes same way once in a while but most time correlation happens and that's how it's supposed to be, stable coins works perfectly right, I've even seen few stable coins like DAI going red while USDT stays green but it doesn't matter🤷, they serve users right
tsaroz
Legendary
*
Offline Offline

Activity: 1988
Merit: 1066


Bounty Detective


View Profile
April 20, 2020, 11:26:38 AM
 #8

The change in stable coin are negligible, i.e. they are stable. The minute change are due to excessive buying or selling pressure.
When price of crypto decreases, traders convert their crypto to stable coin to preserve their value and vice versa when they increases. So they have a reciprocal relation.

BOUNTY DETECTIVE


















Powered by,
passwordnow
Hero Member
*****
Offline Offline

Activity: 1666
Merit: 518


View Profile
April 20, 2020, 11:29:22 AM
 #9

It doesn't matter whether they're green or not because their movement isn't even felt by the market. Why? because they are stable coins. I don't see anything that we have to be curious of it because they're all stable coins. Sometimes they are proportional to the market and sometimes inversed.
That is the reason why you see them green and the other altcoins are not.
litepool.ru
Full Member
***
Offline Offline

Activity: 371
Merit: 100


View Profile
April 20, 2020, 11:33:12 AM
 #10

That is the law of supply and demand. If the stablecoin goes down, the reason is that investors sold the stablecoin to move to altcoin to make a profit from it. But when altcoin collapses, every investor moves from altcoin to stablecoins and makes stablecoins turn green like you said.
Kaliecious
Full Member
***
Offline Offline

Activity: 246
Merit: 100



View Profile
April 20, 2020, 12:38:04 PM
 #11

I think it all depends on the price of bitcoin and other altcoins. red means that many sell stablecoin to buy the altcoin. but Stablecoin has its own uniqueness where the value is fixed and up or down no more than 1% of USD

Bestmanbuka
Jr. Member
*
Offline Offline

Activity: 383
Merit: 1


View Profile
April 21, 2020, 09:34:59 PM
 #12

Just like this theory in Economics "The supply/demand equation states that given all else is equal, in a competitive market, the price of a particular product will vary until it reaches economic equilibrium"
The same fluctuations is seen in cryptocurrency. When the stable coins turn Red, holder's will rush to sale of and buy bitcoin or Altcoins, same way when Bitcoin and Altcoins begins to bear, people dump and rush to convert their funds to stable coin thereby the fluctuations you talk about.
Kelvinid
Sr. Member
****
Offline Offline

Activity: 1512
Merit: 296



View Profile
April 21, 2020, 09:46:24 PM
 #13

Stable coins will remain stable even though the market price will dump. In most cases that many crypto holders will convert their altcoins into USDT/TUSD in order to save from losing. That is why we could see that the volume will go high but not the price itself. I can't see this stable coins to move up and down cause definitely, the value of this coin never moves or even change its color from green to red.

AMEPAY.
█  FAST
█  CONVENIENT
█  SECURE
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄█████████▀▀▄▀▀█████████▄

▄██████▄▄█▀ ▀█▄▄██████▄
███████  ▀▀█▄██▀▀▄███████
███████ █ ▄ █ ▄▀▀▄███████
████████ █ █ █ ▄▀▀▄████████
▀█████████▄█ █ ▄██████████▀
▀████████  ▀▀▀  ████████▀
▀█████████████████████▀
▀██
███████████████▀
▀▀█████████▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
||$600,000
worth of AME
.
!
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄█████████▀▀▄▀▀█████████▄

▄██████▄▄█▀ ▀█▄▄██████▄
███████  ▀▀█▄██▀▀▄███████
███████ █ ▄ █ ▄▀▀▄███████
████████ █ █ █ ▄▀▀▄████████
▀█████████▄█ █ ▄██████████▀
▀████████  ▀▀▀  ████████▀
▀█████████████████████▀
▀██
███████████████▀
▀▀█████████▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
AD Node
Member
**
Offline Offline

Activity: 140
Merit: 57

https://streamies.io/


View Profile
April 22, 2020, 01:01:41 AM
 #14

Because they are pegged in something, so when all the market goes to some direction the stablecoins tends to stay at the same price, since we see a trade pair on it it's normal to see one side up, when another is down.

S T R E A M I E S -  Streaming in Anonimity  -  No rules
▬▬▬▬▬▬▬▬▬▬ ●●     Whitepaper Released    ●● ▬▬▬▬▬▬▬▬▬▬
DISCORD    -    BITCOINTALK    -    WEBSITE    -    EXCHANGE
Teraboy
Hero Member
*****
Offline Offline

Activity: 1498
Merit: 503



View Profile
April 22, 2020, 03:48:31 AM
 #15

That is the law of supply and demand. If the stablecoin goes down, the reason is that investors sold the stablecoin to move to altcoin to make a profit from it. But when altcoin collapses, every investor moves from altcoin to stablecoins and makes stablecoins turn green like you said.
I think if it has nothing to do with the supply and demand. Can you tell me what's your point to say like that? it's well said that if this case supply and demand doesn't matter. People just wanna try to make sure they can get the safe place to secure their profit and get a new market to generate more decent profit too. When someone convert his money from altcoin to the usdt and it can be considered as a profit taken

.AMEPAY..
█  FAST
█  CONVENIENT
█  SECURE
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄█████████▀▀▄▀▀█████████▄

▄██████▄▄█▀ ▀█▄▄██████▄
███████  ▀▀█▄██▀▀▄███████
███████ █ ▄ █ ▄▀▀▄███████
████████ █ █ █ ▄▀▀▄████████
▀█████████▄█ █ ▄██████████▀
▀████████  ▀▀▀  ████████▀
▀█████████████████████▀
▀██
███████████████▀
▀▀█████████▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
||$600,000
worth of AME
.
!
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄█████████▀▀▄▀▀█████████▄

▄██████▄▄█▀ ▀█▄▄██████▄
███████  ▀▀█▄██▀▀▄███████
███████ █ ▄ █ ▄▀▀▄███████
████████ █ █ █ ▄▀▀▄████████
▀█████████▄█ █ ▄██████████▀
▀████████  ▀▀▀  ████████▀
▀█████████████████████▀
▀██
███████████████▀
▀▀█████████▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
aemma
Copper Member
Member
**
Offline Offline

Activity: 714
Merit: 12


View Profile
April 22, 2020, 07:07:52 AM
 #16

Stablecoins are stable in price right? That is, they do not grow like other coins. Therefore when the market is green, nobody will like to be in stablecoins since it will not grow thus moving or selling to their preferred coins which leads to stablecoins being in red. Also when the market is in red, most people will like to protect their funds thus they will convert or sell to stablecoins which makes the stablecoins to be in green.
This is a common practice in the crypto space.

H1N1
Full Member
***
Offline Offline

Activity: 728
Merit: 100



View Profile
April 22, 2020, 08:11:49 AM
 #17

I don't really know what you mean stable coins always go opposite to all altcoins.
No matter how much stable coins going up/down, it won't affect too much because it has stable value, although sometimes the value fluctuates a bit. When altcoins price up, it means many bought altcoins with their stable coins for example usdt, then no wonder usdt price will go down a bit.

aubert
Legendary
*
Offline Offline

Activity: 1862
Merit: 1007


kittiefight.io Combat MMO Lending Jackpots


View Profile
April 22, 2020, 10:37:13 AM
 #18

I don't really know what you mean stable coins always go opposite to all altcoins.
No matter how much stable coins going up/down, it won't affect too much because it has stable value, although sometimes the value fluctuates a bit. When altcoins price up, it means many bought altcoins with their stable coins for example usdt, then no wonder usdt price will go down a bit.
It's not a rare sight that sometimes stablecoin will fluctuate when overflowed with demands or supplies. But, ofcourse that's not too much compared to other cryptocurrency and after all the market volume comes purely from people anyway. I guess what he means is sometimes the price could make abnormal fluctuation which oppose these stablecoins' nature.

              ▄ ▄▀▀▄  ▄
             ███████
   █████   ▄█▀▀█████▀▀█▄
 ███████████▄██████▄██
██████████████ ▄
██▄█████▄██▀█▀▀█▀██▄█
█▄██▀▄▄███▄█▀▀█▄▀█▀▄█▀▀█▄
 █████▄▀▀▄▀███████▀▄▀
   ▀██████▀▄▀▀▄███▄▀▀▄▀█
       ███▀▀▀█████▀▀▀██
        ▀▀▄████████████▄▀
           ▀▀▄███████▄▀
              ▀▀▄█▄▀▀
.KittieFIGHT.










Discord | Reddit | Linkedin
██████████████████████
█████████████▀▀▀██████
███ ▀███████     ▀▄███
███   ▀▀█▀▀      ▄████
████▄             ████
█████             ████
██████▄          █████
██████▀        ███████
██▀▀        ▄▄████████
██████████████████████
██████████████████████
████████████▀▀▀▀██████
██████████▀     ██████
██████████   █████████
████████▀▀   ▀▀███████
████████       ███████
██████████   █████████
██████████   █████████
██████████   █████████
██████████████████████
██████████████████████
████████████████▀▀▀███
██████████▀▀▀      ███
████▀▀▀       ▄    ███
█▄         ▄█▀    ████
████▄▄   ▄█▀      ████
███████▄█▀       █████
█████████  ▄     █████
█████████ ███▄  ██████
██████████████████████
Metall303
Full Member
***
Offline Offline

Activity: 895
Merit: 100


Oikos.cash | Decentralized Finance on Tron


View Profile
April 22, 2020, 12:30:06 PM
 #19

everything is very simple. if the market goes up then people buy coins but not stable coins. that's why the value of the stable coin in relation to altcoins is reduced. if the market goes down then everything happens the other way around. people sell cryptocurrencies and get stable coins in order to fix their positions

OIKOS.CASH      Decentralized finance on Tron   ▬▬▬▬▬▬▬▬▬▬▬▬▬   Collateral-backed stable-coins
         github  telegram    twitter    discord           synthetic asset trading and trustless token exchange on TRON
isaac_clarke22
Member
**
Offline Offline

Activity: 1078
Merit: 43

★777Coin.com★ Fun BTC Casino!


View Profile
April 22, 2020, 03:54:44 PM
 #20

It is simply the dumps happening due to the demand to other coins. Some traders tend to store their fiats to stable coins instead so that they're ready to buy non-stable coins in the market, and because of the price fall of non-stable coins due to some circumstances, they tend to hold it off into stable coins to avoid losses of course.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!