Values of Bitcoin & Altcoin are correlated

[Mahdirakib]

The value of altcoins correlated with bitcoin but not always. If you check the recent movement of crypto price you can see the difference. Bitcoin have gained strong position than altcoins. Now bitcoin price staying above two thirds of it's all time high. Where most other top altcoins staying far behind of their ATH price. Bitcoin is accepted as payment method on various platform, few companies have invested large amount in it. And while investor loss their trust in altcoin they move to bitcoin. That's why bitcoin price leap up more than altcoins.

[coiner-88]

Bitcoin and altcoin have their own course of events. In some cases, altcoins follow the pattern of bitcoin and more often than not bitcoin siphons alone so it's difficult to state that they are connected to one another. In spite of the fact that it happened commonly, it still a hypothesis and theory. The estimations of the crypto market will consistently develop after some time, purchase now with great coins.

[nicomedya5]

There is definitely a relationship between the price of bitcoin and altcoins. Altcoins drop as bitcoin moves harder. In fact, whether the bitcoin rises or falls, the first reaction of altcoins is falling. After Bitcoin is fixed and stays stable, altcoins start to increase.

[MI6]

I'm not really professional in terms of this but in my opinion and idea and based on my observation most altcoins are paired with Bitcoin and so if the price of Bitcoin increase the paired coin of it increased as well.

[ibuddy122505]

Everything is co-related, this is called the healthy retracement it needed after the run up. As we have experienced good movement of bitcoin last couple of weeks, ethereum also gain some value. We're likely facing consolidation mood, that is so normal nothing things being concerned.

[shoreno]

"why the value of altcoins are still trailing behind wherein bitcoin has increased by leaps".

this is the reason why some of us wont agree that btc and alts are corelated because if they did and really are then both coins are now on the same position .

it's not scripted and many might have noticed that the value of ETH was all-time high when the value of bitcoin started to dump after the 2017 bull run.

it isnt because if its scripted that would be mean that alts will follow whatever btc are doing or it can still be scripted but done in different ways and not in the same manner so that people wont suspect .

better if we are this way so that we still have an oppurtunity to invest on the other side because if both alts and btc are on high , people will find it hard to invest .

[samcrypto]

Everything is co-related, this is called the healthy retracement it needed after the run up. As we have experienced good movement of bitcoin last couple of weeks, ethereum also gain some value. We're likely facing consolidation mood, that is so normal nothing things being concerned.

Bitcoin and altcoins are complementing each other and this is good to all of us, if Bitcoin is down at least we have altcoins to depend on, a normal scenario since then. If the altcoins is still down, then something wrong with the project or the investors didn’t want to buy that token anymore and its not new to a shit tokens.

[Willitivity]

What's your opinion guys?

In spite of the popularity of different altcoins in recent years, people tend to always pick Bitcoin as their safest bet when trading cryptocurrencies. My only problem lies here: Bitcoin pumps, altcoins dump.  Bitcoin dumps, then altcoins would still dump. People usually get scared in both situations and close all their altcoin positions.  That's what has been happening since the inception.

[Fritwakky]

What's your opinion guys?

In spite of the popularity of different altcoins in recent years, people tend to always pick Bitcoin as their safest bet when trading cryptocurrencies. My only problem lies here: Bitcoin pumps, altcoins dump.  Bitcoin dumps, then altcoins would still dump. People usually get scared in both situations and close all their altcoin positions.  That's what has been happening since the inception.

This happens in a short period of time. When the Bitcoin price starts to move quickly - rising or falling - then altcoins always fall as well.
When Bitcoin's price starts to rise steadily, over the long term, altcoins also start to skyrocket and catch up with Bitcoin's trend.

[StephenJH]

The value of both financial assets is correlated and the markets are synchronized somehow. The big move on BTC charts will affect the growing market conditions of the altcoins and the circumstances will change for altcoin pairs with ETH eventually. The experienced traders know how to catch these gaps and take advantage of it, candles like to close the open gaps from Sundays when the market was closed. Like in speculative spot forex markets, using the chart with two lines which represents the values of BTC&altcoins can help the trader to see the correlation clearly.

[wheelz1200]

I am aware some of you might not agree with my view but I strongly feel that the value of altcoins are correlated to the value of bitcoin and we have seen this in the past as value of altcoin trends according to the momentum of bitcoin, but now the real question would be "why the value of altcoins are still trailing behind wherein bitcoin has increased by leaps". All we need is a bit of patience as crypto will not go as per our expectation as it's not scripted and many might have noticed that the value of ETH was all-time high when the value of bitcoin started to dump after the 2017 bull run.

What's your opinion guys?

Of course the price of alts are tied to bitcoin.  Usually you buy all your alts with bitcoins as most other pairs aren't viable options (yet).  Bitcoin IS the crypto market so bitcoin good, then crypto is good.  If bitcoin dumps then everyone dumps everything else.  It is that way today and it'll be that way for a long time to come.

[Shasha80]

Of course there is a correlation between Bitcoin and altcoins, because they are both pairs when trading. So usually Bitcoin price
movements greatly affect the price of altcoins. Usually when the Bitcoin pump, investors will move their altcoins into Bitcoin.
Something like that is bound to happen, this is what makes altcoins prices a dump. My advice is that if you holders of multiple
altcoins don't need to panic if you see the price of altcoins go down while Bitcoin goes up, it's a normal thing to happen. Just be
patient, usually when the Bitcoin price starts to stabilize, the altcoins price will go up following the Bitcoin price.

[Ridwan Fauzi]

Even I see it for a few years ago exactly when I just came to crypto at 2017 ago. At that time bitcoin price reached its all time high and also almost altcoin price reached its all time high as well.

I think that is because almost altcoin holder/altcoin investor are bitcoin's investor as well. They will buy and sell the altcoin like they buy/sell bitcoin that is way almost altcoin price will do the same thing like bitcoin.

I just see a few times that there is a situation where bitcoin price down there is an altcoin price getting pumped a lot due to the altcoin has a strong fundamental factor. Apart from these factors, almost all altcoins will follow the trend of bitcoin prices.

[grandpix]

Coins in the market are correlated with bitcoin, which is very radical  because it has appeared many times in practice. In 2017 after bitcoin dropped ETH hit ATH because the ICO residual was still there, so the demand for ETH at that time was huge, it surpassed bitcoin's influence on the market at that time.

[kotajikikox]

I am aware some of you might not agree with my view but I strongly feel that the value of altcoins are correlated to the value of bitcoin and we have seen this in the past as value of altcoin trends according to the momentum of bitcoin, but now the real question would be "why the value of altcoins are still trailing behind wherein bitcoin has increased by leaps". All we need is a bit of patience as crypto will not go as per our expectation as it's not scripted and many might have noticed that the value of ETH was all-time high when the value of bitcoin started to dump after the 2017 bull run.

What's your opinion guys?

Since you mention that we have proven this from the past then you must also check the 2017 trend when Bitcoin is in the
major growth right?and in 2018 comes the altcoin season when most
of the legit currencies made their way to the highest
good example is Ethereum that reached the highest price in January 2018 about almost 15 hundred dollars in value.

Coins in the market are correlated with bitcoin, which is very radical  because it has appeared many times in practice. In 2017 after bitcoin dropped ETH hit ATH because the ICO residual was still there, so the demand for ETH at that time was huge, it surpassed bitcoin's influence on the market at that time.

that is what i explained in OP because there are correlation but wont appear that soon,
the growth Must come first In bitcoin and then go to altcoins ,maybe not together all but at least half of them will surely make it way High.

[leea-1334]

Coins in the market are correlated with bitcoin, which is very radical  because it has appeared many times in practice. In 2017 after bitcoin dropped ETH hit ATH because the ICO residual was still there, so the demand for ETH at that time was huge, it surpassed bitcoin's influence on the market at that time.

Since when has this become a radical pattern? When did you enter into crypto anyway? From the sounds of it, not many years at all,,, 2017 if you were really in, then you will remember that it took Bitcoin to go on that crazy rally and then finally hit ATH first before ETH also moved on that wave.

Alts have always been correlated in a big way to Bitcoin, so what are you talking about? Surpassing influence of Bitcoin? You do know the flippening never happened right?

[Fritwakky]

Coins in the market are correlated with bitcoin, which is very radical  because it has appeared many times in practice. In 2017 after bitcoin dropped ETH hit ATH because the ICO residual was still there, so the demand for ETH at that time was huge, it surpassed bitcoin's influence on the market at that time.

Since when has this become a radical pattern? When did you enter into crypto anyway? From the sounds of it, not many years at all,,, 2017 if you were really in, then you will remember that it took Bitcoin to go on that crazy rally and then finally hit ATH first before ETH also moved on that wave.

Alts have always been correlated in a big way to Bitcoin, so what are you talking about? Surpassing influence of Bitcoin? You do know the flippening never happened right?

I guess you both write about the same thing, just use different words to say it.
So let's agree - the price of Bitcoin has always been linked to the prices of other cryptocurrencies.
Regarding the period when BTC and ETH reached their ATH, I think both of these currencies had a positive impact on each other. Bitcoin, due to its popularity in the mainstream media, and Ethereum, due to the ICO bubble. Both of these coins interacted very strongly, which meant that both prices just started skyrocketing.

[umbara ardian]

I am aware some of you might not agree with my view but I strongly feel that the value of altcoins are correlated to the value of bitcoin and we have seen this in the past as value of altcoin trends according to the momentum of bitcoin, but now the real question would be "why the value of altcoins are still trailing behind wherein bitcoin has increased by leaps". All we need is a bit of patience as crypto will not go as per our expectation as it's not scripted and many might have noticed that the value of ETH was all-time high when the value of bitcoin started to dump after the 2017 bull run.

What's your opinion guys?

If you just look at the price to see the ALT-BTC correlation then that is not the way.

I see a way to carry out the relationship, from the beginning of the market up to now I have seen a few factors as follows. After having extra money in the market and making the btc pump, then the down time. At this point we can easily see that the money will go to the ALT or the money will run back to the actual pocket. So when I see signs of money sources moving, I always think that it is the relationship between ALT-BTC in the near future, thereby making my own judgment on this market.

[Silberman]

Everything is co-related, this is called the healthy retracement it needed after the run up. As we have experienced good movement of bitcoin last couple of weeks, ethereum also gain some value. We're likely facing consolidation mood, that is so normal nothing things being concerned.

Not really, there is something called positive correlation which in this market is when the price of something goes up and another asset goes up as well and follows that movement closely, there is also negative correlation which is when the price of an asset goes up and another asset goes down as a response to this, and there is also called no correlation which is when both assets move independently from each other, as you can see most altcoins show a positive correlation to bitcoin as this is the coin that leads the market by a wide margin, while stable coins have a negative correlation with bitcoin if you look at their price on bitcoin terms.

[gwdf1]

There is definitely a relationship between the price of bitcoin and altcoins. Altcoins drop as bitcoin moves harder. In fact, whether the bitcoin rises or falls, the first reaction of altcoins is falling. After Bitcoin is fixed and stays stable, altcoins start to increase.

I would better say, they were correlated for a very long time. Meanwhile, look at the cryptocurrencies market now. When Bitcoin is going up, most altcoins are sliding down. Some alts manage to jump very high from time to time. Nevertheless, they do not stay on the top for long.