Bitcoin Vs Altcoin

[anshuBounty]

Bitcoin pumped the there is massive dump shown in the Altcoins. whether the Bitcoin is now stable and mostly Altcoin are recovering with slow rate but atleast they recover. I think the mostly an altcoins are recovered on their previous rate in 1-4 days or maybe big pump also. I want to know your thoughts about this Bitcoin versus and altcoin. I know that Bitcoin shows the massive pump and dump at the same time but are looking altcoin give higher profit because they are less risk. What's your thought about this?

[wack slacker]

Take a look at the Bitcoin and Bitcoin Domain value. The change of Bitcoin Domains will help us to make the next judgment about the fate of Altcoins. I predict Bitcoin will rise first, then Altcoins turn. At this point, it is advisable to keep Bitcoin only because the possibility of price increases is too strong. After the Bitcoin Domain is reduced, we will consider which Altcoins are good to buy. I recommend owning the top 30 altcoins as they will usually increase in price before the rest of the altcoins.

[CuriousGeorge]

It's quite difficult to determine the correlation between both but it looks like altcoins will be bullish when the price of bitcoin became stable. I have been seeing it a few times that when bitcoin up or down, altcoins will be also going down but when bitcoin becomes stabilize. Bitcoin has used as the main pair for all of altcoins.

I didn't see any chance for altcoins to be a winner in this case.

[bitbollo]

invest in altcoins is always a risk and I will not surprise if in long time (few years) close to 95% of altcoins will be just worthless.
I don't think there is the possibility for achieve more than bitcoin itself.
No one want store the last hype, but just a recognized system for storing value /medium of payment. Bitcoin can offer all of these solutions.

[Cadaver20]

Bitcoin is dumping but after a few days it is pumping again. You will notice that the value of Bitcoin has been increasing since 2009.

Better to invest in Bitcoin than Altcoin. Because the value of Altcoin is not stable. New Altcoin is coming and old Altcoin is declining in popularity. Just a few days ago, the value of BCH was double that of ETH. But now the value of BCH is much less than ETH. Currently LINK, DOT these Altcoin's popularity is growing day by day.

[Stavri]

Bitcoin pumped the there is massive dump shown in the Altcoins. whether the Bitcoin is now stable and mostly Altcoin are recovering with slow rate but atleast they recover. I think the mostly an altcoins are recovered on their previous rate in 1-4 days or maybe big pump also. I want to know your thoughts about this Bitcoin versus and altcoin. I know that Bitcoin shows the massive pump and dump at the same time but are looking altcoin give higher profit because they are less risk. What's your thought about this?

bitcoin is like dollar. if you are investing in altcoins or trading altcoins, your main purpose has to be to increase your bitcoin amount. Because bitcoin always the one that drives the crypto market.

[kingzpro]

It is unpredictable how the btc versus altcoin market will move in coming months.
I have a feeling that bitcoin will be the first mover so till bitcoin achieves new highs there is high chance that most of the alts will range trade so in my opinion alts will make big moves only after btc settles after new highs.

[harizen]

What's your thought about this?

No need to go technical. Might be this your first time to see such price movement recently so you are confused.

There should be no such thing in your mind like "bitcoin vs altcoin" during their upward and downward trend. Depends on what altcoin you are currently trading, you will really notice that while bitcoin is pumping, your altcoins can't ride the trend. It's usual. What you need to do is to think of a strategy for a situation like that since believed me, there will be lots of times you will see that kind of price movement while you progress in the crypto world.

[jacafbiz]

Anyone that is not new to the space will understand the relationship between Bitcoin and Altcoin, it is a see-saw relationship, when BTC pump, Altcoin dump in BTC value but tend ot maintain their USD value, then after the BTC pump, Altcoin regain their value in BTC. having said all these some of these Altcoins are shitcoins and are going to end up dead.

[konflikkastil]

Bitcoin versus Altcoins. This is just like comparing a team in the top four of the premier league to a team in the championship level. They are if different class, which should never be brought together for comparison. Yes, we all know that there are some altcoins bthat are doing do lately, but still you can compare it. Just a Bitcoin can buy millions of some altcoins if not billions self. Considering the period when Bitcoin has been in existence. 2009 till date. It's such a long time. And no altcoins has ever lived up to that. But when you look into projection, one can easily conclude that no other altcoins will be able to rise to that level where Bitcoin is sitting right now. Bitcoin against all odds has proven to be not just a stable coin, but also leading other digital currencies. With the worth of a single Bitcoin over $10,000.00. That's quite a fortune.

[kevoh]

It is not really that hard to decipher. Virtually, 80% of altcoins are trading pairs with bitcoins. What this means is that, when bitcoin pumps, traders will close their positions and move most of their portfolios to bitcoins while alts dumps.

When bitcoin is in a downtrend, traders out of sentiments  close their BTC/Alts trading position and quickly move to tether or any other stable coin, to avoid being in BTC as it loses value, while alts still dump.

Bitcoin dictates the dynamics of many of these altcoins because altcoins are often traded against it. That's why whenever btc is stable, alts can now move at its own pace.

[Dragonfund]

Bitcoin has always shown sign of leadership while altcoins follow. The recent price surge was as a result of PayPal integration of Bitcoin and some altcoins in their platform. This was bullish for bitcoin as everyone has been expecting the news in the past, we may expect more pump by early 2021 when this is actualize.
The reason why some alts has not been pumping is because of trend, majority of altcoins have their moments some weeks ago when bitcoin was consolidating between 10.5k and 11k, now it's time for bitcoin to shine.

September was a hot months for altcoins, Ethereum experience the largest transactions so far since the last bull run in 2017, DeFi frenzy woke almost all the alts, Link, band, Atom and top other altcoins were all pumped weeks ago. There's nothing bad for increase in bitcoin dominance

[tabas]

It is the why you see people telling you that get a bunch of bitcoin whether you have a lot of altcoins of your choice. Never disregard the power of bitcoin with your portfolio because it will save you a lot of value whenever it gets back the dominance in the market.
The proportion of bitcoin's pump and altcoins dump has always been seen but it goes indirectly sometimes. We may see the alts going up following bitcoin soon.

[forexandcryptoauditor]

For short term traders, I see few altcoins with large volatility are best. Having said s, you will see a great influence on the price by Bitcoin. It is the major market-driven criteria for all other altcoins. In short words, altcoins volatility is getting decided by bitcoin price.

[flyeers309]

Some traders already know that if bitcoin goes up, altcoins will go down.  This has become a strong relationship, as traders will sell their altcoins to catch up with bitcoins when it goes up and when bitcoin sideways they start to choose altcoins as their next choice. But everything is need good strategy.

[TimeTeller]

What's your thought about this?

No need to go technical. Might be this your first time to see such price movement recently so you are confused.

There should be no such thing in your mind like "bitcoin vs altcoin" during their upward and downward trend. Depends on what altcoin you are currently trading, you will really notice that while bitcoin is pumping, your altcoins can't ride the trend. It's usual. What you need to do is to think of a strategy for a situation like that since believed me, there will be lots of times you will see that kind of price movement while you progress in the crypto world.

That's true. It depends on the alt you are following as each of them varies in the market performance.
A lot of them "can't ride" as most of them have no solid application and they are only relying with the traders.
The OP will realize later on that bitcoin and alt have their own market contributors.
And in terms of alts, it really depends on their respective development team.
How they are moving forward with their objectives and mission as a crypto project.

[Kasabus]

Some traders already know that if bitcoin goes up, altcoins will go down.  This has become a strong relationship, as traders will sell their altcoins to catch up with bitcoins when it goes up and when bitcoin sideways they start to choose altcoins as their next choice. But everything is need good strategy.

Yes. Since altcoins cannot ride with bitcoin movement in the crypto market, we should always think of the best move on how to make profits if we chose to trade in altcoins. Clearly altcoins won't win in this situation because its upward movement is very slow compared to bitcoin which is always leading in the market. So focus on the best strategies to make profits whether the market turns into bearish or even bullish.

[maxreish]

Altcoins with low risk? Nah, both of them have a higher risks. If we tend to invest in cryptocurrency coins, risks are all the same.
 Bitcoin showed massive pump last time as well as some of the altcoins., whether you invest in btc or altcoins a good management is needed by an investor for handling it.
 
 There are also times that altcoins can easily predicted using technical analysis than bitcoin when it comes to trading. However, there is an explanation about why bitcoin is going up and altcoins goes down scenario and vice versa. It's a matter of dumping altcoins pair with btc.

[Btra]

Bitcoin is going stable after a steady growth but the Altcoins are still in a sleeping mood, whatever the growth saw in various altcoins that only pump and dump. So, do not take the chance for the holding of longer for the altcoins but you should take your profit at this peak.

[Scripture]

Cryptocurrency have the same level of risk, and it gets riskier if you are dealing with the shitcoins.
Altcoins, compliments Bitcoin so you don't need to compare these two that much. If you see good altcoins to invest for then go ahead and don't miss that opportunity but I highly suggest to stay hold bitcoin because it will lead the market going up.