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Author Topic: Re: Bitcoin increase in price other coins also increase while?  (Read 187 times)
GeorgeJohn
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November 24, 2020, 09:15:06 PM
 #1

I notice that all cryptocurrencies increase these period, but since bitcoin has not rise other alternative coins have not accelerate the way its currently, looking at Ethereum and Ripple keep on rising since bitcoin increase in values, so I want to know while alternative coins go up when ever bitcoin is going up, does it mean that those coins can't get accelerated without the help of bitcoin rising, today it has confirmed that bitcoin price is $19,010.40 USD and so others is increasing.

Based on the increments in btc recently I have to comprehend that in cryptocurrency word, bitcoin give birth to other coin's and without bitcoin others coins can't operate effectively in term's of accelerating in Price
So what is your suggestion concerning cryptocurrency without bitcoin.

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November 24, 2020, 09:31:26 PM
 #2

I notice that all cryptocurrencies increase these period, but since bitcoin has not rise other alternative coins have not accelerate the way its currently, looking at Ethereum and Ripple keep on rising since bitcoin increase in values, so I want to know while alternative coins go up when ever bitcoin is going up, does it mean that those coins can't get accelerated without the help of bitcoin rising, today it has confirmed that bitcoin price is $19,010.40 USD and so others is increasing.
It's obvious that alts may follow bitcoin price movement, after-all all trading pairs are base on bitoin/X pairing. Please be reminded though that Ethereum and Ripple are still way below their ATH, while bitcoin is almost there and could break it's previous highs this year.

Based on the increments in btc recently I have to comprehend that in cryptocurrency word, bitcoin give birth to other coin's and without bitcoin others coins can't operate effectively in term's of accelerating in Price
So what is your suggestion concerning cryptocurrency without bitcoin.
Bitcoin is the first and prime mover that's why it is still the King and that's why the rest is called "alternative coin". So yeah, it's the grand daddy of all cryptocurrency.

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November 24, 2020, 09:38:04 PM
 #3

Bitcoin's rise is evidence of an improving market, so when Bitcoin rises above normal, it will affect the market as a whole, causing all prices to rise.
When Bitcoin stabilizes and there is still a lot of liquidity, the rest of the altcoins will rise, and so will the scams.
Once bitcoin begins to decline, investors start to fear. Liquidity decreases and all currencies decrease.
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November 24, 2020, 09:43:50 PM
 #4

So what is your suggestion concerning cryptocurrency without bitcoin.
For cryptocurrencies to exist, there technically has to be a pioneer currency which would have lead to the launch of other altcoins. This currency would likely have garnered majority of the entire market cap, just as Bitcoin is doing. A situation where the market would be evenly distributed, is unlikely, especially as it is a decentralized one. Bitcoin adds the stability which is necessary to keep cryptocurrencies alive.

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GeorgeJohn
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November 24, 2020, 09:48:33 PM
 #5

I notice that all cryptocurrencies increase these period, but since bitcoin has not rise other alternative coins have not accelerate the way its currently, looking at Ethereum and Ripple keep on rising since bitcoin increase in values, so I want to know while alternative coins go up when ever bitcoin is going up, does it mean that those coins can't get accelerated without the help of bitcoin rising, today it has confirmed that bitcoin price is $19,010.40 USD and so others is increasing.
It's obvious that alts may follow bitcoin price movement, after-all all trading pairs are base on bitoin/X pairing. Please be reminded though that Ethereum and Ripple are still way below their ATH, while bitcoin is almost there and could break it's previous highs this year.

Based on the increments in btc recently I have to comprehend that in cryptocurrency word, bitcoin give birth to other coin's and without bitcoin others coins can't operate effectively in term's of accelerating in Price
So what is your suggestion concerning cryptocurrency without bitcoin.
Bitcoin is the first and prime mover that's why it is still the King and that's why the rest is called "alternative coin". So yeah, it's the grand daddy of all cryptocurrency.

Even though bitcoin is the father or mother of all coins does it mean that alternative coin's can't kick off via increments in price without bitcoin rising, I'm just getting confused concerning alternative coin's rising, so if bitcoin falls today it will affects other coin, is what you mean?

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AmoreJaz
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November 24, 2020, 10:03:32 PM
 #6

Bitcoin's rise is evidence of an improving market, so when Bitcoin rises above normal, it will affect the market as a whole, causing all prices to rise.
When Bitcoin stabilizes and there is still a lot of liquidity, the rest of the altcoins will rise, and so will the scams.
Once bitcoin begins to decline, investors start to fear. Liquidity decreases and all currencies decrease.

not all alts can manage to follow the trend of btc market. so not gonna agree about causing all prices to rise. some are left idle esp those crappy projects. only those with solid foundation and use case can follow  whats going on with the market.

I notice that all cryptocurrencies increase these period, but since bitcoin has not rise other alternative coins have not accelerate the way its currently, looking at Ethereum and Ripple keep on rising since bitcoin increase in values, so I want to know while alternative coins go up when ever bitcoin is going up, does it mean that those coins can't get accelerated without the help of bitcoin rising, today it has confirmed that bitcoin price is $19,010.40 USD and so others is increasing.
It's obvious that alts may follow bitcoin price movement, after-all all trading pairs are base on bitoin/X pairing. Please be reminded though that Ethereum and Ripple are still way below their ATH, while bitcoin is almost there and could break it's previous highs this year.

Based on the increments in btc recently I have to comprehend that in cryptocurrency word, bitcoin give birth to other coin's and without bitcoin others coins can't operate effectively in term's of accelerating in Price
So what is your suggestion concerning cryptocurrency without bitcoin.
Bitcoin is the first and prime mover that's why it is still the King and that's why the rest is called "alternative coin". So yeah, it's the grand daddy of all cryptocurrency.

Even though bitcoin is the father or mother of all coins does it mean that alternative coin's can't kick off via increments in price without bitcoin rising, I'm just getting confused concerning alternative coin's rising, so if bitcoin falls today it will affects other coin, is what you mean?

it doesnt always follow that if btc is rising, alts will rise or btc is going down, alts will go down. not true to most alts. some alts can manage to increase its value even if btc is declining as it depends on how strong the alts is. if you will notice in some alts, they dont follow the market as it depends on the actual progress of the coin's devt. and most of the time, a lot of alts are going downhill even if btc is rising, because most of them are crap and no reason to exist

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November 24, 2020, 11:54:01 PM
 #7

This is actually self-explanatory. The main trading pairs in different exchanges for most altcoins is the Coin X/BTC trading pair given that "coin x' represents an altcoin. Let say coinx is worth 0.1 BTC ($1000 is USD value) at market price and the price of BTC is $10K. If the price of BTC doubles to $20K after 2 weeks, this mean even if the actual price of coinx does not rise vs BTC (even if its price remains at 0.1 BTC) after the 2 Weeks coinx will have doubled as well, worth 2K in USD value

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November 25, 2020, 12:29:32 AM
 #8

All? not all cryptocurrencies are increasing as of this moment while bitcoin is heading to $19k onwards.

There were some altcoins that have made themselves push their prices even without the help of bitcoin. But this is a common thing in the cryptocurrencies that they always get a boost because of bitcoin.

Most of the trading pairs are with bitcoin and that does make sense why others are also showing an increase. It is situational and sometimes it's not like that as we're thinking based from observation.


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November 25, 2020, 01:02:03 AM
 #9

It isn't like a guaranteed thing or anything, but most of the market follows the general trend of what Bitcoin does, plus, most altcoins are paired with Bitcoin, so it's kind of a natural thing. It's kind of like getting swept up by the wave, but then again, it isn't a guarantee for most coins. And also, Bitcoin increasing in price is not a prerequisite or anything for altcoins to rise in the market, altcoins themselves could rise in price independently without any relationship with Bitcoin price, but that's another thing.

Based on the increments in btc recently I have to comprehend that in cryptocurrency word, bitcoin give birth to other coin's and without bitcoin others coins can't operate effectively in term's of accelerating in Price
So what is your suggestion concerning cryptocurrency without bitcoin.
Not really no? Just that BTC itself imo has a huge influence due to being the first cryptocurrency as well as the only one that can be coined as the truly decentralized coin. Other coins can develop themselves, and increase in price themselves. Maybe take a peek at the release of eth 2.0 and see what happens.

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November 25, 2020, 01:38:21 AM
 #10

I notice that all cryptocurrencies increase these period, but since bitcoin has not rise other alternative coins have not accelerate the way its currently, looking at Ethereum and Ripple keep on rising since bitcoin increase in values, so I want to know while alternative coins go up when ever bitcoin is going up, does it mean that those coins can't get accelerated without the help of bitcoin rising, today it has confirmed that bitcoin price is $19,010.40 USD and so others is increasing.
The market in 2020 is different than the market in 2017 when bitcoin and altcoins had very strong positive correlations. Bitcoin moved up, altcoins moved up. Bitcoin fell down, altcoins plummeted. In 2020, altcoins did bad than bitcoin in USDT or in BTC trading pairs.

Bitcoin is rising to its 2017 all time high but most of altcoins have not gotten 50% price of their all time highs in 2017 or 2018.

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Akash1243
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November 25, 2020, 03:18:21 AM
 #11

When prices of bitcoin increases like bull ,many people want to ride the wave of cryptocurrencies and therefore also invests in popular altcoins.In 2017 when bitcoin was 20k at that time altcoins where also very high so maybe there is some correlation.But now when bitcoins might breaks its ATH, altcoins aren't even near their ATH this time.So it's not guaranteed that always when bitcoin rises altcoins will also increase.
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November 25, 2020, 03:19:21 AM
 #12

There is usually some relation in price movements. If Bitcoin goes up other coins will also go up in USD value. Sometimes they don't correlate as much BTC goes up really fast it might take altcoins a while to catch up because people will sell their alts to get into BTC. You have to wait for BTC bulls to run out of steam and then alts will start to go up.
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November 25, 2020, 06:00:05 AM
 #13

All? not all cryptocurrencies are increasing as of this moment while bitcoin is heading to $19k onwards.

There were some altcoins that have made themselves push their prices even without the help of bitcoin. But this is a common thing in the cryptocurrencies that they always get a boost because of bitcoin.

Most of the trading pairs are with bitcoin and that does make sense why others are also showing an increase. It is situational and sometimes it's not like that as we're thinking based from observation.


If you cross check the markcap of bitcoin and altcoins these year the evidence is clear that since btc haven't started rising no any other coins speed up in price these years, but based btc is in $19k USD value approaching to $20k, that is the reason other coins is rising, which fact do we need to prove it that bitcoin is the reason while altcoins is moving high in price.

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November 25, 2020, 06:06:31 AM
 #14

XLM, XRP and ETH are catching the monumental speed with Bitcoin, a few other altcoins are not following the trend. When Bitcoin was around $10k many other altcoins were doing fine. Bitcoin has significant position in how others will do. So I'm not surprised.

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November 25, 2020, 01:45:50 PM
 #15

The reason for the increase in the price of BTC is that the market is now running bull run. While the rise in BTC depends on the rise in other currencies not all currencies are the same. Currencies grow based on demand Bitcoin and Ethereum are currently in high demand in the market which is why the prices of these currencies are rising. Other currencies do not see a rise in demand but when the bull run in the market the price of other altcoins increases depending on bitcoin. Most traders sell other altcoins when investing in bitcoin currencies.

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November 25, 2020, 07:08:11 PM
 #16

The price of bitcoin is currently peaking, although altcoins are also being affected by bitcoin rising, but slowly altcoins are also improving, such as ETH, XRP, XLM.  everything is moving upwards ... my advice is to take advantage of this moment, not to take advantage and just be an audience.

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November 25, 2020, 07:12:15 PM
 #17

That is truly self-explanatory. The primary buying and selling pairs in several exchanges for many altcoins is the Coin X/BTC buying and selling pair provided that "coin x' represents an altcoin. Let say coins are value 0.1 BTC ($1000 is USD worth) at market value and the value of BTC is $10K. If the value of BTC doubles to $20K after 2 weeks, this implies even when the precise value of coins doesn't rise vs BTC (even when its value stays at 0.1 BTC) after the two Weeks coins could have doubled as nicely, value 2K in USD worth.
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November 26, 2020, 07:47:42 AM
 #18

actually altcoins always dump whenever bitcoin price goes up or down, the only problem is when you look at their price in USD which makes it seem like they are rising when bitcoin price rises but in reality they are dumping against bitcoin but not enough to decrease their USD value as much so there is sometimes a small rise in USD terms.

as for the two shitcoins you named (XRP and ETH) they are both trying so hard with a huge campaign to pump their shitcoins. XRP using a fork/airdrop scam to fool people into buying it and pump it in the hopes of free money and ETH with their pumping teams alongside promise of the new fork to "upgrade" the broken crypto.

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November 26, 2020, 10:01:29 AM
 #19

I do not know if it is nit clear to you that all coins created are just an altcoins bitcoin. The real crypto that matter here is only bitcoin. Those coin had no value actually if it will not be paired to bitcoin or altcoins like ETH that is directly paired with bitcoin. This is how the value of the coin being assessed. If ever one could be able to see a coin risingnuts market price as bitcoins did meaning investors or coin holders if that coin has no movement or minimal trading happen exchanging coin to other coin or bitcoin itself. But if it happens that coin market price falls that much then coin holder are selling the coin probably d not believe in the project.
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November 26, 2020, 11:29:36 AM
 #20

It is hard to answer because the crypto market is not good to trade, but you might get a chance if you research for more. But I suggest you wait and see what will happen with the market, and if you can see the opportunity to buy back or sell your coin, you can do what you want.

But I don't know the alternative coins that can increase while bitcoin is down. Even if there is a coin that can grow, the increase may not rise too high. Maybe now you have a chance to buy more altcoin at this moment and hold it.

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