Btc and alts

[Rasel5209]

I am confused among these, cauze people says
 
1. Btc pump then alts dump
2. Alts pump then btc dump
3. Both btc and alts follow each other 

But we can see that only the 3rd scenario is happening right now i.e alts are following btc.
What's about the 1st and 2nd.
(Actually I am a newbie in trading)

Yes follow,  but btc is not follow alt. Alt coin trader always follow bitcoin price. If you saw price chart you seen that when bitcoin price increase many alt coin price dump. When btc price fall down you see alt coin price don't increase.

[2double0]

1. Btc pump then alts dump

This happens when that pump without any reason, lasts for a few minutes to a few days.

2. Alts pump then btc dump

This is not like alts pump only when btc dumps, but when it is in sideways too because the money is being shifted from btc to alts.

3. Both btc and alts follow each other

This happens when a bullrun begins where almost every coin follows btc's rally as those who cannot buy btc due to high price, go for altcoins to save fees or for investment.

[sulendra12]

If you saw price chart you seen that when bitcoin price increase many alt coin price dump. When btc price fall down you see alt coin price don't increase.

Well, it's not all altcoins could be affected from Bitcoin. But, the majority of it is get affected by Bitcoin's price movement.

I think 2017 and 2020 has some similar stuff, but the biggest difference is we started from 700 dollars and reached to 20k in 2017 and that was too unrealistic and unsustainable, here in 2020 we didn't had something like that, from around 9k to 27k levels is not that weird, it is just 3x and totally sustainable as well.

But still the mainstream media makes it too hype and attract more potential investors into cryptocurrency, even though they are just following the hype train and once the hype is gone they will go back to shittalk cryptocurrency again like in 2017 lol

[el kaka22]

I would have to say bitcoin pumps does increase the alt prices as well but for some reason people do not see that or acknowledge that. I mean bitcoin went up this year right? How much did it increased? It increased about 4x at the very best case, look at ethereum though, it was around 130 dollars and now it is 720 dollars!! that is 5.5x times the increase as well.

It means if you consider it all, if you bought ETH at the start of the year instead of bitcoin, you would have made a lot more money. Sure XRP went down but that was their own mistake and it is not about crypto at all, you can look at all other coins and you can find similar increases. So, I would say "bitcoin pumps, alts pump even more" is the real deal, not dump. I like investing into alts and I haven't had an upset on them for the past 2 years or so, I have made a decent return.

[kapalmabur]

I am confused among these, cauze people says
 
1. Btc pump then alts dump
2. Alts pump then btc dump
3. Both btc and alts follow each other 

But we can see that only the 3rd scenario is happening right now i.e alts are following btc.
What's about the 1st and 2nd.
(Actually I am a newbie in trading)

The relationship between Bitcoin and Altcoins is very close, Bitcoin usually rises in price and altcoins do as well. Conversely, Bitcoin decreases altcoins, but some Altcoins have positive news from developers that cause them to increase in price when Bitcoin falls in price.

Bitcoin increases, altcoin prices go up? I think you are wrong, when bitcoin prices go up,
altcoins tend to dump, and if bitcoin decreases then altcoins will also dump,
this is the relationship between bitcoin and altcoin, unless bitcoin is sideways then altcoins usually will try to go up.

[WalkerIVIV]

The relationship between Bitcoin and Altcoins is very close, Bitcoin usually rises in price and altcoins do as well. Conversely, Bitcoin decreases altcoins, but some Altcoins have positive news from developers that cause them to increase in price when Bitcoin falls in price.

It's not so close as you said that dude. usually the altcoin will be seeing its fundamental and then when the price of bitcoin becomes stabilize and altcoin will be trying to follow bitcoin.
The relationship of altcoin and bitcoin will be there when the bitcoin pumpers are feeliing boring with bitcoin markets and they will start to pump the altcoins. When there's a good news for altcoin and those whales will be moving to the altcoins and create pumps.

[lixer]

Bitcoin increases, altcoin prices go up? I think you are wrong, when bitcoin prices go up,
altcoins tend to dump, and if bitcoin decreases then altcoins will also dump,
this is the relationship between bitcoin and altcoin, unless bitcoin is sideways then altcoins usually will try to go up.

Are you sure about that? Bitcoin has increased a lot this year, and looking at altcoins, they all increased as well. So what makes you think that when bitcoin goes up, altcoins go down? Because we do not have anything like that right now. Only coin that is down at the moment is XRP and that is because of whats going on with SEC, nothing more.

I agree that whenever bitcoin has a pump, for just a few hours (1-2 hours) alts look like they are dumping, but in reality bitcoin increases which means altcoins go down in bitcoin value, but as soon as they realize the price going up, they try to get back to bitcoin price, which makes them higher in dollar price. Look at the top 10 coins (omit the stable coins) and you will find that all of the coins listed there has increased in the past 1 year, which is the proof that when bitcoin pumps, altcoins pump as well.

[Yatsan]

People do have different observation regarding the market because the market is really that volatile that sometimes both Bitcoin and Altcoins get along, sometimes when the Bitcoin pump, then the Altcoins dump and the other way around. But most of the time there is no decent pattern which makes both markets unpredictable because there are Altcoins that do still excel despite of Bitcoins ups and downs. Still the status of Altcoins do depend on the demand and quality of the coin. There are different volume and demand depending on people's perceptions that makes the market move accordingly so we really cannot determine at all times the relationship between the two markets.

[Oilacris]

I am confused among these, cauze people says
 
1. Btc pump then alts dump
2. Alts pump then btc dump
3. Both btc and alts follow each other 

But we can see that only the 3rd scenario is happening right now i.e alts are following btc.
What's about the 1st and 2nd.
(Actually I am a newbie in trading)

This 3 scenario could interchange randomly depending on the trend. We cant just say that it should stick on #3 all of the time because lots of instances where #1 and #4 did happen.

which means you should really be careful on deciding neither you do get involved with alts or would simply stick out to btc.You would know on what would be your next step if you do

see the prices arent really that reacting much specially on altcoins which neither they can go along with bitcoin market trend or would just simply stay low and doesnt really make
any significant increase or movement.

[bittick]

Bitcoin increases, altcoin prices go up? I think you are wrong, when bitcoin prices go up,
altcoins tend to dump, and if bitcoin decreases then altcoins will also dump,
this is the relationship between bitcoin and altcoin, unless bitcoin is sideways then altcoins usually will try to go up.

It's not wrong at all. Sometimes it's really happening but it doesn't mean altcoin can go to the opposite thing. Bitcoin bearish market will always trigger the altcoin market to be dumped and this is absolute. An altcoin is not always getting dumped when bitcoin was pumping.
Someone already explained the possible scenarios that could happen with bitcoin and altcoins. The trend is also playing the main roles in this case.

[Shasha80]

With the domination of Bitcoin as much as 69%, there is no need to hesitate to focus on investing in Bitcoin now. Because investing in altcoins is
more risky if you see such a large domination of Bitcoin, my advice is to move the altcoins that you have into Bitcoin. Because the price of Bitcoin
has skyrocketed steadily create a new ATH.

Don't be sorry for missing the opportunity to get profit from Bitcoin. My prediction if you want to invest in altcoins could be in the middle of 2021,
because there will be alt seasons at the end of 2021. But my advice is not 100% accurate, keep doing research each of you before deciding to
invest in Bitcoin or altcoins.

[MrCryptHodl]

If people want to play secure, it's better to put all altcoins on BUSD or USDT to keep you liquidity, we don't know what can happen, and at this hours the market look very red

[South Park]

I would have to say bitcoin pumps does increase the alt prices as well but for some reason people do not see that or acknowledge that. I mean bitcoin went up this year right? How much did it increased? It increased about 4x at the very best case, look at ethereum though, it was around 130 dollars and now it is 720 dollars!! that is 5.5x times the increase as well.

It means if you consider it all, if you bought ETH at the start of the year instead of bitcoin, you would have made a lot more money. Sure XRP went down but that was their own mistake and it is not about crypto at all, you can look at all other coins and you can find similar increases. So, I would say "bitcoin pumps, alts pump even more" is the real deal, not dump. I like investing into alts and I haven't had an upset on them for the past 2 years or so, I have made a decent return.

The problem is the generalization that we use for alts is simply too extensive, what I mean is that we have thousands of altcoins so putting them all together like that is not fair for them, ethereum is a good project so it makes sense it went up along with bitcoin especially when we had that DeFi craze, however when you look at coins outside the top 100 or even the top 50 you will see the majority dumped after bitcoin went up since all of that money came to bitcoin once again since it became the main interest of institutional investors.

[error08]

I would have to say bitcoin pumps does increase the alt prices as well but for some reason people do not see that or acknowledge that. I mean bitcoin went up this year right? How much did it increased? It increased about 4x at the very best case, look at ethereum though, it was around 130 dollars and now it is 720 dollars!! that is 5.5x times the increase as well.

It means if you consider it all, if you bought ETH at the start of the year instead of bitcoin, you would have made a lot more money. Sure XRP went down but that was their own mistake and it is not about crypto at all, you can look at all other coins and you can find similar increases. So, I would say "bitcoin pumps, alts pump even more" is the real deal, not dump. I like investing into alts and I haven't had an upset on them for the past 2 years or so, I have made a decent return.

The problem is the generalization that we use for alts is simply too extensive, what I mean is that we have thousands of altcoins so putting them all together like that is not fair for them, ethereum is a good project so it makes sense it went up along with bitcoin especially when we had that DeFi craze, however when you look at coins outside the top 100 or even the top 50 you will see the majority dumped after bitcoin went up since all of that money came to bitcoin once again since it became the main interest of institutional investors.

Bitcoin, BCH, ETH, and Litecoin seem on the same page almost all the time, those altcoins always following bitcoin movement to increase while most altcoins on the red side.
We can't generalize all the altcoins because big investors don't want to put their money there, and the players remain the same as in 2018 who dump it, they don't want to put so much money on it in fear of a crash that might happen if bitcoin fall. At the current market condition, altcoins remain on the downhill because of the black swan effect caused by xrp, traders sold altcoins after it crashed.

[TheUltraElite]

If people want to play secure, it's better to put all altcoins on BUSD or USDT to keep you liquidity, we don't know what can happen, and at this hours the market look very red

Putting altcoins in USDT might look pretty good when the price of the altcoin ke low. Now since the pump happened in BTC and subsequently in alts you are making such a statement. Perhaps the top altcoins are going to be useful in this regard but majority of users here have bought shitcoins and are far from profits in them.

Again it's great if you can sell altcoins for USDT - hold the tether till bitcoin drops and buy the bitcoin at the dip. Scenario might not always work and you will be stuck with tether in your portfolio. Still that us less evil than owning shitcoins which go nowhere.

[kkaroul4]

No one can really predict what would be the price of the Bitcoin and the altcoins actually no one can 100% predict it right all of us are just basing on the available resources. Currently what I see on the market is that the Bitcoin pumps and the altcoin were about to go rally.

[hanasahi]

Do you think this is a good time to buy Bitcoin?

[blckhawk]

No one can really predict what would be the price of the Bitcoin and the altcoins actually no one can 100% predict it right all of us are just basing on the available resources. Currently what I see on the market is that the Bitcoin pumps and the altcoin were about to go rally.

Indeed. We can create our own TA or speculation regards this but this is not a hundred percent for sure because Cryptocurrencies especially Bitcoin cannot be precisely predicted. However, one thing is for sure if Bitcoin pumps, alts will follow, and in some rare cases, alts rise first then next Bitcoin. Like now where Bitcoin started the rally and now alts are also beginning to make an entry.

Do you think this is a good time to buy Bitcoin?

Whatever time you want because every time is a good time to buy Bitcoin and now the outcome will only depend on how you will manipulate or manage the process. Like if you are a holder, supposedly you are now in the where you need to make a sell but you could choose to buy now and take this opportunity because Bitcoin is still growing.

[TheGreatPython]

No one can really predict what would be the price of the Bitcoin and the altcoins actually no one can 100% predict it right all of us are just basing on the available resources. Currently what I see on the market is that the Bitcoin pumps and the altcoin were about to go rally.

Everyone knows that you can't predict what will happen, the same thing goes for almost any investment ever, you can't exactly know what is going to happen, but people do end up investing anyway and people continue to speculate anyway, because if we just say "well I don't know what to do, so I will stay away" that means we wouldn't be able to invest into anything in the world.

This means even though we do not know what is going to happen, we just make a guess, make up a prediction out of our heads, and we just act accordingly, that is how you could make a profit, otherwise we are not going to be making any profit at all, and we would be just watching. Would you rather take that risk and probably make a profitable investment? Or would you rather be someone who just stays out of things and only watch what others are doing in the crypto world?

[gamer4156]

Once in a while bitcoin is revitalizing rapidly that alts are in effect forgotten about. In the event that alts siphon, it implies the publicity is there and will result structure any merchants trade their btc for that specific altcoin. However, it won't generally happen on the grounds that when bitcoin is down, some altcoin can increment, and even that coin can break the most exorbitant cost. Yet, indeed, the altcoin will consistently go behind bitcoin and will follow where bitcoin moves.