BTC PUMP, But Every other Coin Dumping!!

[Salauddin1994]

In fact if btc is pumped the reason other coins are dumped is because everyone is leaning towards investing in btc due to which the price of bitcoin increases and the price of other currencies decreases. These usually increase by increasing the demand of the market not surprisingly the price of bitcoin as well as other altcoins will go up bitcoin will be at the top of all if bitcoin performs well the price of altcoin will increase.

[Tahsin Kabir Kollol]

The effects of Bitcoin on all cryptocurrencies are direct and indirect. In most cases, we find that when the price of Bitcoin dumps, the price of other cryptocurrencies starts to decrease, and when the price of Bitcoin increases, other altcoins do not increase as much as Bitcoin in Satoshi so in both cases cryptocurrencies decreases compared to Bitcoin. Moreover, with the exception of a few cryptocurrencies, most cryptocurrencies do not have a huge demand, so once their value declines, they cannot return to their previous state. Bitcoin is the most popular cryptocurrency in the world, so it is not possible to compare it with other cryptocurrencies.

[thuyvy2207]

For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down? Especially the top alt coins which had a good price before the dump.
For example BnB was 31$ when btc was 11300$ and ETH was on 380$ when BTC was 11400+$ . Now BnB at 28.7$ and ETH at 370$. Any reason for the dump?

This phenomenon was also only in a short time, the altcoins rose in value a few days later. Bitcoin is the main coin and altcoins will react more slowly to market trends, we should calmly hold the altcoins.

[mersal]

PayPal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their PayPal accounts.

Those virtual coins could then be used to buy things from the 26 million sellers which accept PayPal, it said.

Read the bolded words again if you didn't understand why the prices are surging in a phenomenal rate for the past 24 hours to 48 hours. You can buy and sell bitcoins and you can buy things using those bitcoins but you can move your bitcoin to anywhere from your PayPal account.

[Xembin]

This is showing that bitcoin is like a king to other cryptocurrencies because anytime it is rising other cryptocurrencies price will be going down in the market.
Ethereum, BNB and litecoin since bitcoin started pumping many investors are experiencing dump of those coin in the market. Bitcoin is coming up again with so much pumping to over top other cryptocurrencies.
Many traders prefer to invest with bitcoin now than Ethereum which was their favorite in the market but right now bitcoin is taking over the market by speed pumping in the market.

[darewaller]

For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down? Especially the top alt coins which had a good price before the dump.
For example BnB was 31$ when btc was 11300$ and ETH was on 380$ when BTC was 11400+$ . Now BnB at 28.7$ and ETH at 370$. Any reason for the dump?

I don’t know where you’re checking your own prices from, as far as I know the prices of the coins you have mentioned are moving with Bitcoin. I checked these three coins you have mentioned here and they are all on the green and increasing: $12,954, $416, and $31 respectively, and they are all on the green right now, with Bitcoin hitting $13,200 as recent peak price levels.

the shit coin investors leaving for btc, simple as that

Not for the coins he has mentioned , the ones that the op mentioned here are good coins and their prices are not negative as the op has said. Binance coin is one of the best coins to invest in right now.

[sambuddha]

This is showing that bitcoin is like a king to other cryptocurrencies because anytime it is rising other cryptocurrencies price will be going down in the market.
Ethereum, BNB and litecoin since bitcoin started pumping many investors are experiencing dump of those coin in the market. Bitcoin is coming up again with so much pumping to over top other cryptocurrencies.
Many traders prefer to invest with bitcoin now than Ethereum which was their favorite in the market but right now bitcoin is taking over the market by speed pumping in the market.

Litecoin (LTC) rose more than 10% on Wednesday, outperforming bitcoin (BTC) to top the list of the best-performing major cryptocurrencies after PayPal confirmed it’s entering the cryptocurrency market and included LTC on the list of cryptos its customers will be able to buy, sell and hold. Litecoin at a price above 0.0046 is a good buy for a breakout of the level.

[BlazingHashes]

This situation is still going on today. BTC has grown rapidly but is not sustainable, although the news regarding Paypal is really good news. Buy volume is not too large. The remaining volume is poured through Uniswap and farming, leaving only a really small portion for Altcoin.

[justdimin]

So many reputed members gave the answer. Though its natural. Traders are crazy that's why happening this. Price is going high and after the paypal announcement traders selling their altcoins and buying bitcoin without any thought. When some good news come traders always move to bitcoin and sell their altcoins. This is the reason.

But if I am not wrong Paypal also announced to accept some altcoins as well apart from Bitcoins so why would the market move so much towards the bitcoins confuses me a lot. Yes Paypal move is a big positive for BTC and it's great but they are also going to accept BCH and LTC along with ETH so actually altcoins should instead move up.

BnB is moving up again slowly though and actually maybe people are thinking like Binance is going to slow down and lose a lot of investors and traders to Paypal but honestly speaking Binance will never lose the customers because as far as I have understood Paypal is only allowing to store bitcoins and not to trade them with other coins.

[Hypnosis00]

The surge of Bitcoin nowadays will simply mean that many investors are moving into Bitcoin that of altcoins. Like to say, 70% for Bitcoin investment while 30% left for altcoins. It is the demand increases that push the price to uplift and possibly make bullish.

Well, I hope that PayPal could make such a huge attraction for investment as they announce their crypto acceptance. Because the more it hits in the market, the more people will encourage to invest then. If that so happening, the possibility is clear enough for another ATH this year.

[Ridwan Fauzi]

For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down? Especially the top alt coins which had a good price before the dump.
For example BnB was 31$ when btc was 11300$ and ETH was on 380$ when BTC was 11400+$ . Now BnB at 28.7$ and ETH at 370$. Any reason for the dump?

It will be same when we see the altcoin are increasing a lot but bitcoin just have a little move. We have seen it a few times ago when a good news from paypal came, there are plenty of altcoin were increasing.

So, I wasn't weird when it was happen in altcoin. Maybe many traders only focus to trade in bitcoin and they leave altcoin marker for a while. And actually, it is often happen to me, when I start to trade I'll pick one coin who has a good price movement. The coin which has high volatility so as I can make a profit as soon as possible.

[shata]

For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down? Especially the top alt coins which had a good price before the dump.
For example BnB was 31$ when btc was 11300$ and ETH was on 380$ when BTC was 11400+$ . Now BnB at 28.7$ and ETH at 370$. Any reason for the dump?

This what I can share to you mate.

When Bitcoin price goes up while alts are going down, that means volume or money are transferring from alts to Bitcoin. Traders/ Investors are eyeing Bitcoin and are selling their alternative coin holdings for Bitcoin.

When Bitcoin price goes down while alts are going up, still the same, trader/ investors are selling Bitcoin to buy alts. Just exchange of assets inside the cryptocurrency marketcap.

When Bitcoin Price goes down while alts too, this is a bad scenario since it depicts that traders/ investors are selling Bitcoin or Alternative coins to get out from the market commonly known as Bear Market.

When Bitcoin and alternative coins price goes up this represents that new money are coming in inside the market and represents Bull Market.

This is a summary that I can share to you mate. Whatever happens, always do risk management in trading and investing.

[luckyflop]

It's BTC season, everytime BTC goes on a rally Alts tend to bleed (Even ETH).

This is the cheat sheet:

- BTC going up + Alts going down: Money going to BTC
- BTC going up + Altos going up: New money on the market
- BTC going down + Alts going down = Money leaving the market
- BTC going down + Alts going up = People selling BTC for Alts

On bloody days like today for altcoins, we take a step back and ride the BTC pump or we just chill and enjoy our day / take a rest.

Alts will get back later, and stronger.

https://cointelegraph.com/news/bitcoin-trading-dominance-hits-2017-levels-not-seen-since-20-000-btc

[beerlover]

In fact if btc is pumped the reason other coins are dumped is because everyone is leaning towards investing in btc due to which the price of bitcoin increases and the price of other currencies decreases. These usually increase by increasing the demand of the market not surprisingly the price of bitcoin as well as other altcoins will go up bitcoin will be at the top of all if bitcoin performs well the price of altcoin will increase.

Usually though when the price for bitcoins move up then almost every crypto moves up some might be slow and some faster but the usual trend obver the years have been like that. Now it is a bit different that the price in alts is going down because I would understand if the price remains stable for alts but decreasing price might show some serious surge in investors towards bitcoins and because of so many bad coins maybe investors are now losing faith in the altcoin market.

the shit coin investors leaving for btc, simple as that

You may call any coin as shitcoin but BNB is a solid one man and it allows to reduce fees on Binance exchange so it can't be categorized as shit and Ethereum has been the backbone in the crypto space.

[ChrisPop]

Bitcoin is the king. People know it in their subconscious. They just want to make an extra buck on the side trading altcoins when BTC is consolidating.
It is normal for people to dump altcoins when Bitcoin is gaining traction. After all these companies/funds you see on the news are acquiring Bitcoin, not altcoins. We should follow their footsteps. Just my cents.

[Yatsan]

This was certainly not a new topic to be talked about for ever since, that is an observable thing that Bitcoin price is indirectly proportional to altcoins on which we can see that when the price of Bitcoin pumps, then the price of Altcoins do dump and vise versa. But that is not always like that, although most of the time is goes like that, but still there comes certain instances where both Bitcoin and Altcoins do pump at the same time. All of those were just normal and nothing to worry about specially if you were staying in this industry for quite sometime, such observable trait will not bother you anymore. This just shows how Bitcoin dominance is being observed and correction on prices are being done.

[Shasha80]

It is normal for Bitcoin to suddenly pump, then the altcoins dump. Because many investors are moving their altcoins into Bitcoin.
After the Bitcoin price stabilizes, it will slowly start to rise in the altcoins price. So my advice is not to panic if you see the altcoins
dump price when the Bitcoin is pumped, stay patient and hold the altcoins that we have, I am sure it will not take long for the altcoins
to go up in price again.

[Silberman]

All altcoins revolve around bitcoin, but that doesn't mean that a rise in bitcoin will pull other altcoins with it.
The crypto market operates in a way that no one can predict, perhaps this time all eyes are on bitcoin and many investors are temporarily leaving other coins to invest in bitcoin.

What we see from now on will depend on what kind of impression the DeFi bubble gives on investors, for example if the DeFi bubble ends up abruptly it is reasonable to expect that bitcoin will keep growing without carrying alts as people will not be willing to invest in altcoins due to what happened, but if the fall of the DeFi coins is slow and there are still many coins producing profits in the case the price of bitcoin keeps increasing it is to be expected that many altcoins will grow as well as investors will still have trust in them, especially the ones that have performed greatly as of late.

[didzi]

For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down? Especially the top alt coins which had a good price before the dump.
For example BnB was 31$ when btc was 11300$ and ETH was on 380$ when BTC was 11400+$ . Now BnB at 28.7$ and ETH at 370$. Any reason for the dump?

thats normal my friend, because money move from altcoins to bitcoin
wich mean a lot of people exchange or sell their altcoins to bitcoin now, remember if sellers stronger than buyers the price will down

[wildflower18]

I’m not surprise, if you observe the market way back the all-time high it happened. The cycle occurs when bitcoin price increase and some altcoin is decreasing. This means traders more focus on btc movement to gain profit.