Values of Bitcoin & Altcoin are correlated

[crzy]

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.

Bitcoin moves altcoins will move as well either to go up or going down so that can be a good correlation between these two. Any market can’t stay on the top for a long time because they have to go down as well, there’s no fixed price in the market everything has to move and the volatility of the market is getting higher every year.

[poodle63]

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.

It's not. When the price of bitcoin increased due to the bullish trend or good news and it's not that the price of altcoin will be following it. Altcoin might be adjusted its price and lose some value in the bitcoin pair.
The correlation between bitcoin and altcoin is not straight. Sometimes it can be pumped at the same time but in another time bitcoin can go up while altcoin still stuck or lose its value.
There are some possibilities for this too.

[bitcoin31]

Most of the time that movement of the altcoins is same to the bitcoin, but last few weeks ago the altcoins dumping while the bitcoin is rising it's value and it is only happening sometime. Im not say that not means they are not same but maybe they are connected to each ither because they are also depending to the price of the bitcoin because we know it is the the highest value among them..

[StephenJH]

Most of the time that movement of the altcoins is same to the bitcoin, but last few weeks ago the altcoins dumping while the bitcoin is rising it's value and it is only happening sometime. Im not say that not means they are not same but maybe they are connected to each ither because they are also depending to the price of the bitcoin because we know it is the the highest value among them..

When the price of BTC rises the altcoins dump and altcoins get dumped because BTC price goes down. It is not logical because the selloff always happens on the altcoins side, the investors dump the total marketcap of altcoins first in order to buy more BTC. Correlation is not relative in this case and the irrational market connections confuse newbie crypto traders. The deep connection makes it easy to track the most dependable altcoins and chasing the losses will be easy with buying the correlated altcoins in short term trades. The market circumstances can change this correlation whenever it is necessary for market makers, I always keep this on my mind.

[Fritwakky]

Most of the time that movement of the altcoins is same to the bitcoin, but last few weeks ago the altcoins dumping while the bitcoin is rising it's value and it is only happening sometime. Im not say that not means they are not same but maybe they are connected to each ither because they are also depending to the price of the bitcoin because we know it is the the highest value among them..

When the price of BTC rises the altcoins dump and altcoins get dumped because BTC price goes down. It is not logical because the selloff always happens on the altcoins side, the investors dump the total marketcap of altcoins first in order to buy more BTC. Correlation is not relative in this case and the irrational market connections confuse newbie crypto traders.

If we write it like you did, it will actually be weird, not only for Newbies, but probably for everyone who thinks logically.
This situation occurs for short periods of time and usually when Bitcoin's price starts to rise very quickly. Then investors don't have time to deposit outside money and so to react fast, they transfer funds from altcoins. Therefore, for a while, altcoins prices drop and the Bitcoin price increases. It returns to normal after a while.

[imstillthebest]

Most of the time that movement of the altcoins is same to the bitcoin, but last few weeks ago the altcoins dumping while the bitcoin is rising it's value and it is only happening sometime. Im not say that not means they are not same but maybe they are connected to each ither because they are also depending to the price of the bitcoin because we know it is the the highest value among them..

i bolded some part because you have a mixed feelings . your confuse too didnt you ? how can they be connected if the connection lost the other times ? what if they are not really connected but people only say and insist that they are  . so what if btc has the highest value ? other coins that have thier value too

When the price of BTC rises the altcoins dump and altcoins get dumped because BTC price goes down. It is not logical because the selloff always happens on the altcoins side, the investors dump the total marketcap of altcoins first in order to buy more BTC. Correlation is not relative in this case and the irrational market connections confuse newbie crypto traders.

not sure but your investigation could be right because btc was too valueable to sold out early  or to sold out all what you got if your a btc hodler  but people do always have an expectation to btc. not saying that altcoins arent valueable and those that hodl alts are not a dreamer but there can be  a different level between btc and alts .

[ichi]

Bitcoin and altcoin have their own personal course of functions. Now and again, altcoins follow the example of bitcoin, and as a general rule bitcoin siphons alone so it's hard to express that they are associated with each other. Regardless of the way that it happened ordinarily, it still a speculation and hypothesis. The assessments of the crypto market will reliably create after some time, buy now with extraordinary coins.

[SquallLeonhart]

The biggest connection between all coins would be the fact that if you are interested in going into bitcoin that means you are interested in going into crypto. There is no person who thinks bitcoin is awesome and great but all other coins are horrible and bad and they would never consider buying them. Obviously if you are fine with going into bitcoin that means you can't be fundamentally against going into other coins neither.

There could be people who think it is not a good investment but that doesn't change the fact that if they see a good opportunity to get in they would get into altcoins as well depending on the situation. This is why once you are in crypto you are fully in crypto and not just parts of crypto that you find okay and would be all parts of crypto.

[Silberman]

Bitcoin moves altcoins will move as well either to go up or going down so that can be a good correlation between these two. Any market can’t stay on the top for a long time because they have to go down as well, there’s no fixed price in the market everything has to move and the volatility of the market is getting higher every year.

And what better example we can ask of that correlation than what it is happening on the market right now, take a look at the top 100 coins and their 24 hour growth which has been impulsed by bitcoin, this is the first time we have surpassed the 14k level in a long time and there is now a significant possibility that if the price can remain there we are going to make an attempt at the 20k level, what it is going to happen once we get there? Personally I think a decrease in the price is in order since most people will be afraid of the price crash and they will push the price down but with bitcoin you never know, since we can actually reach a new ATH before the end of the year.

[Febo]

Values of Bitcoin & Altcoin are correlated

They are correlated, but not always in the same way. On long term fro alt coins is always good Bitcoin goes up. Simply because it gives them more space to grow. For short term you can have all kinds of correlations. Right now it seems that if Bitcoin goes up or down, Alt coins goes down. When Bitcoin is steady Alt coin goes up a bit. This can change already next week. In 2017 after Bitcoin went over old ATH of $1200 Alts went up together with Bitcoin and also went up when Bitcoin was steady.

[Oceat]

Somehow altcoins are correlated with Bitcoin but it is not always following since somehow when Bitcoin is in bearish trend some altcoins did rise on their own. But you already what happens next since the hype of altcoins is not the same as Bitcoin. One thing that I noticed is that altcoins tend to follow the most if Bitcoin is in bullish trend rather than bearish, this just means that people are actually switching from Bitcoin to altcoins that's why it happens sometimes.

[Silberman]

The biggest connection between all coins would be the fact that if you are interested in going into bitcoin that means you are interested in going into crypto. There is no person who thinks bitcoin is awesome and great but all other coins are horrible and bad and they would never consider buying them. Obviously if you are fine with going into bitcoin that means you can't be fundamentally against going into other coins neither.

There could be people who think it is not a good investment but that doesn't change the fact that if they see a good opportunity to get in they would get into altcoins as well depending on the situation. This is why once you are in crypto you are fully in crypto and not just parts of crypto that you find okay and would be all parts of crypto.

You are not 100% correct on that statement, it is true that if you are interested in bitcoin and you have some the chances that you are going to invest in altcoins are very high, but I am pretty sure you should have noticed that there are many people in this forum that are only interested in bitcoin and nothing more, just look a the way we refer to most coins in the market, there is bitcoin and then there are altcoins, as such there is a great deal of people out there that have invested in bitcoin but that have no interest in altcoins regardless of the economic benefit they could get out of them.

[optimisticcm]

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?

Sometimes they move together, sometimes they move in opposite directions. Sometimes its the individual coins big news that creates special movements in the form of pumps or dumps.
But i think overall market cap is an important driving factor and if it increases constantly then we have a really good chance for the increase in price of most of the coins secondly the overall market sentiment also sets the direction of the market.

[posi]

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.

so altcoin movement actually so funny, its need unique condition to move follow bitcoin price. when traders thinking bitcoin price will rose , altcoin dumped and when bitcoin dumped its dumped too. so its definitely make confuse when we have to strart buying altcoin. only market psychology and confidence will make cryptocurrency move in  one direction. trustness that bitcoin already totally recovered will support it..

Altcoin market movement is funny as you said because it is high manipulated but theres currently no connection between Bitcoin and Altcoin market and the only altcoin that seems to correlate with Bitcoin price is ETH sometime it also dont either.
With that been said, it will be time when Bitcoin market is total stable in terms of bullish market before altcoin market can totally correlate with Bitcoin.

[CuriousGeorge]

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.

so altcoin movement actually so funny, its need unique condition to move follow bitcoin price. when traders thinking bitcoin price will rose , altcoin dumped and when bitcoin dumped its dumped too. so its definitely make confuse when we have to strart buying altcoin. only market psychology and confidence will make cryptocurrency move in  one direction. trustness that bitcoin already totally recovered will support it..

The altcoin needs bitcoin to be stable.
People who have been watching the marketing since a long time ago will definitely see when the best time for them all to buy altcoins. When altcoins get dumped and it could be the best time to buy.
This time altcoin is not the same like altcoin in 2018.
You can see how ethereum is going up slowly even bitcoin was going up too.

[Hallmader]

The historical charts do not only provide a single pattern. Which means that there is really no 100% direct correlation between Bitcoin and altcoins. There were numerous times in the past when the price of Bitcoin is rising while the prices of altcoins are falling. There were also numerous times in the past when the price of Bitcoin as well as the prices of altcoins are all increasing at the same time. So there is really no single pattern.

[Psynthax]

I agree that the value of bitcoin and altcoins are correlated, maybe bitcoin has to pass through the ATH after that altcoin bull run or just bitcoin that goes up and altcoins can't pass the ATH?

Neither, usually when btc is pumping so hard it eats up altcoins market dominance and making the alts gets dumped hard or btc could be pumped at the same time as alt pumped. You know what, thee correlation mentioned are usually just a wild hunch because we actually have no clue about the correlation of both.

[Smitty Werben Man Jensen]

I agree that the value of bitcoin and altcoins are correlated, maybe bitcoin has to pass through the ATH after that altcoin bull run or just bitcoin that goes up and altcoins can't pass the ATH?

It is impossible if Bitcoin passes All time high then Altcoin does not pass all time high,
that's a ridiculous statement, if you look at the correlation in 2017, then you will know that it will happen again,
in altcoin is the land for traders and investors to get more profit in this bullish season.

[Twinkledoe]

The historical charts do not only provide a single pattern. Which means that there is really no 100% direct correlation between Bitcoin and altcoins. There were numerous times in the past when the price of Bitcoin is rising while the prices of altcoins are falling. There were also numerous times in the past when the price of Bitcoin as well as the prices of altcoins are all increasing at the same time. So there is really no single pattern.

You can't really say that they have direct correlation but some alts are really following the trend of bitcoin. But it still depends on how solid is the foundation of the coin. It cannot follow the market trend if the coin has no actual development going on. Most of the time, only those top alts can follow with bitcoin. And yes, there's no single pattern for this, so we can't generalize that alts' prices are correlated with btc.

[fmz89]

It is common knowledge that altcoins are somehow connected to Bitcoin as they both enter in the category of cryptocurrencies. However I don't think that altcoins price is correlated to Bitcoin's. What I've observed is that when Bitcoin is consolidating people tend to put some of their holdings into altcoins so they can make an extra profit on the side. On the other side, if you're looking at altcoin prices denominated in USD some of them will not dump so much when Bitcoin is on a surge, maybe even increase in value while their satoshi-price stays constant.

do you mean value = usd or btc pair? with usd pair alt still corelated, but on btc pair alt need to adjust their price with panick dump included to the price

yeah first btc need to up to attract more investor from outside, then alt have momentum to gain after btc consolidate, lets see is altseason intact next year or what...