Altcoins price pump influence bitcoin price Negatively ?

[AbbyS]

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

[Coin_trader]

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

Obviously not. They have separate community and there's a reason why XRP is pumping same as BTC. Most of the Altcoins don't have any news to sell for hyping the market. The airdrop occur on Uniswap that give tons of free money ignite the hype on XRP that many investors hoping to get same profit on it.

I don't see why the price of XRP gives a negative impact on the crypto market since they are really doing good. I will agree if a Bitconnect like project pumping like hell.

[Ayiranorea]

The growth of XRP and stellar isn't harming the growth of bitcoin. Even during the 2017 bullish trend the price of bitcoin continues to drop drastically when the price started to grow on the sides of the altcoins. That doesn't mean bitcoin is affected by the growth of altcoins. XRP growth is completely followed by the growth of bitcoin, because the rise have started only after the market of bitcoin turning bullish.

[idrisalomagold]

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

I didn't see significant correlation between bitcoin and other alts especially XRP in events of recent price increased. However, there is this possibiliy that it might be whales played both on alts and bitcoin at the same time. But we can easily spot significant trades related from btc to alts cause there will be huge amounts transferred in it. In addition, price in btc may be affected on or to alts, however price on both markets are not significantly correlated.

[hatshepsut93]

Bitcoin's price action influence's altcoin price action. That's it, there's no positive or negative feedback loops here. Altcoin volumes are way too small to even theoretically affect Bitcoin. And Bitcoin investors never cared about what's happening with altcoins. Even when alts were experiencing huge growth, and Ethereum was close to overtaking Bitcoin's spot as the largest marketcap coin, Bitcoin traders still didn't care about Ethereum and other alts, as there was 0 correlation between their events and Bitcoin's price.

[daarul50]

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

Well we are translating the situation differently.
Some people says that those people with large amount of money has decided to cash their bitcoin out into fiat and put some of the profit in altcoins.
So this is the reason altcoins pumped recently for some people.
And here you are talking about another perspective which got me thinking it could be true given the fact that ripple well known centralized and sucks.

[cosmofly]

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

With cash flow focused on each of the top altcoins, the whole market will certainly be affected, not just Bitcoin. This is just a correction of Bitcoin Dominance, when it is too strong it also needs to be adjusted for things to balance again.
This cycle is always happening in the Crypto market every time the bullish trend comes, if we understand this rule and choose a good time to buy altcoins top, we will soon become rich. This law is also quite similar to the Dow theory.

[maydna]

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

No, it is not influenced by bitcoin price negatively. Instead, people make more profit from the altcoin because they can sell their XRP in usdt or bitcoin. They will have a profit in usdt or bitcoin, and they can hold it until the bitcoin price increases again in the next week. I think that can help people to have more bitcoin if they sold it in bitcoin pair xrp. If more altcoin can increase, such as XRP, that means we will see the altcoin season, which can give us more profit, and if we can make more profit, that means we will have a chance to make a lot of money in the next bull run. Even if they manipulated the pumps, we could still benefit from that by having more bitcoin to hold.

[Kemarit]

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

It has no effect whatsoever, on the contrary it should be bitcoin that should influence the alt as majority of them are Bitcoin/altcoin pairing. Regarding XRP, it's just a pump because of the scheduled fork, after the fork on December 12 there is a possibility that we might see a huge dump and investors going back to Bitcoin.

So it's interesting to see what will happen after the December 12 on XRP, I'm seeing a massive sell off, LOL.

[pakhitheboss]

hello im oesroek from indonesia, nice to meet you... im newbie at bitcoin talk, maybe can you helpme for mining ,farming and anymore? just share hehehehe

Hello! oesroek, Welcome to Bitcointalk,

Since you are new to the forum you can ask your question on the below board to get your answer.

Beginners & Help

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

No, Bitcoin price is not manipulated by altcoins. Bitcoin's community and whales are responsible for the price dip.
There are many community members here who have been waiting for the price to rise to 19k from 2017, they are now selling their Bitcoin. Whales are known to manipulate the market to lure panic sell from the small investor plus there is profit-booking from traders. These are some of the primary factors that are causing the Bitcoin price to go down.

[bitbollo]

For what I have seen there is sometimes a trend between altcoins and bitcoin.
Looking historical data from market cap its pretty clear people wants keep bitcoin and not other coins...
This lead to a bigger value for bitcoin but there is not a cause / relationship since the market cap of a single altcoin is just a tiny part of total market cap in bitcoin, so it's very unlike there is any relation.

[OcTradism]

The longer time of accumulation along with falling price, when times is on and the pressure is taken off, price will rise exponentially. It is a rule of the market. Unfortunately, people don't cut loss will also don't have enough patience and confidence to hold their coin till the day recovery occurs. They hesitate to cut loss but when price is at bottom, they lose their faith and give up.

About your question on the correlation between bitcoin and altcoin, I see there is a correlation as a bond of capital flow. With same amount of capital on the market, if bitcoin rises, capital will be concentrated on bitcoin and altcoins might see drops in price. When bitcoin is stable, altcoins will have more capital inflow that helps them to increase in price.

[pooya87]

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!

Bitcoin has been rising for 70% of the past 2 years, consistently. Shitcoins such as XRP on the other hand are being pumped for about a week or so. This means your assumption comes from the fact that you never checked the facts.

Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

Shitcoins such as XRP and Stellar and thousand other pump and dump shitcoins are being pumped and dumped on regular intervals whenever their pumping teams likes it, they never affect bitcoin because bitcoin doesn't care.

[error08]

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

Obviously not. They have separate community and there's a reason why XRP is pumping same as BTC. Most of the Altcoins don't have any news to sell for hyping the market. The airdrop occur on Uniswap that give tons of free money ignite the hype on XRP that many investors hoping to get same profit on it.

I don't see why the price of XRP gives a negative impact on the crypto market since they are really doing good. I will agree if a Bitconnect like project pumping like hell.

Yes, altcoins do not affect the bitcoin price but it seems whenever bitcoin price starts to increase, altcoins very likely to follow. This phenomenon occurs because traders are looking for alternatives coins to purchase as the price are cheaper and a small percentage increase can provide decent profits.
Xrp free airdrop on Uniswap should influence the price negatively, isn't it? Because people tend to sell what they've acquired for free. The price will plummet after the Flare Network, give the airdrop tokens to XRP owners in December.

[ChrisPop]

From my perspective altcoins have no power on Bitcoin. They only receive the crumbs that come from the institutional funds pouring into BTC. You can say that alone by looking at the market capitalizations.

To be sincere I don't see any altcoin that will be even remotely close to Bitcoin in the long run. Altcoins are going to have their own "niche" market - especially the utility ones.

[hugeblack]

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

The altcoin market has a small MartketCap, so any investment of huge sums (one million dollars or more) may cause the price to rise insane, but such rises are often corrected within 24 hours or less than a week.

Continuous growth will be in currencies with huge market capacities that will not be affected by the entry of small investors, but such currencies need a lot of liquidity to move the price and thus constitute excess growth in the long term and more stability in the short term.

what happened in the last week of XRP price is an excellent example.

[masterrex]

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

I dont think so! Bitcoin dominance in the Market Cap is more than half, thats why it is not possible for any "Altcoin pumps" to harm the price of Bitcoin.
But it most likely happens, that if the Bitcoin price will go down, it has a huge effect on the price of most altcoins in the market. Because I believe that altcoins value is partially tied up with Bitcoin price and market movement.   

[Genemind]

I think it is the other way around, Bitcoin dominates the market and it affects the market as a whole. Whenever Bitcoin price moves, altcoin holders sell their holdings to invest in BTC, hence altcoin price drops. The reason why BTC price and altcoin price dropped recently is because of market correction which is normal whenever the price moves up.

[Om.monata]

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

there is no influence of xrp on bitcoin, instead the price of bitcoin affects xrp and others. because we know if bitcoin has increased, altcoin prices have also increased significantly. so I thought maybe it was a wrong perception

[Casdinyard]

All I know is that there's no correlation between the market prices of Bitcoin and other cryptos. Price is simply dependent to the demand, supply, and volume of a particular coin, perhaps in this industry. Just observe how the prices are moving whenever the price of Bitcoin is rising; some coins are as well having price increase and some are not. In some cases when the price of alts are increasing, there are times wherein the price of Bitcoin is falling and sometimes neutral. Thus, the correlation is already broken. Therefore, linkages are not existing between cryptos.