Btc and alts

[Natsha774]

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)

[TheUltraElite]

There is no unanimous vote on any of these statement to be absolute, though.

All of them can be correct depending on perspective and which movement appeared first. I have seem most of the times during a bull run Bitcoin pumps first and then altcoins follow suit, followed by a dump of altcoins and a dump of bitcoin.

The basic reasons why altcoins never reach the top or for that instance will never be second is that they have no specific use market/use case. You might argue on the opposite but I have been watching them closely for several years now and I follow the winning team only.

What you need to do, keep tabs on bitcoin price, buy it at low and then sell at high. Rinse and repeat.

[NeuroticFish]

The price movement of Bitcoin and altcoins sometimes may be related, sometimes not, sometimes may look as related. People however always try to find a relation between the two in the same way they try to find a relation between Bitcoin and stocks' price.

All in all it's not a clear and easy to follow relation between those trends and you have to be very careful and not trust blindly everybody's suppositions.

Yes, I know, this makes learning more difficult and possibly confusing too. Read, check the history.. you'll see that all those sayings were true at least once but most probably they were at least once also false.

[passwordnow]

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)

There's no actual pattern for that. We have seen that happened before and there is no certain clue when the 1, 2 or 3 scenario would happen. There's no actual synchronization of those and we'll just see it randomly. Each of those can happen at no particular order. Glad that you have asked this kind of observation as it shows that you're truly interested to know about how the market works but as a newbie, what you have to do is to follow the advise above which I'll quote for you and focus on it which is the easy step of determining your status in the market as you watch it. No need to worry about such patterns as long as you secure yourself while holding bitcoin.

What you need to do, keep tabs on bitcoin price, buy it at low and then sell at high. Rinse and repeat.

[xSkylarx]

From my experience in crypto trading. It really depends on traders, most likely whales decide what will happen on the crypto market. Sometimes bitcoin is rallying very quickly that alts are being left out. If alts pump, it means the hype is there and will result formany traders exchange their btc for that particular altcoin. What happens now is bitcoin is slowly climbing up so alts can catch up.

[AicecreaME]

The price movement of Bitcoin and altcoins sometimes may be related, sometimes not, sometimes may look as related. People however always try to find a relation between the two in the same way they try to find a relation between Bitcoin and stocks' price.

All in all it's not a clear and easy to follow relation between those trends and you have to be very careful and not trust blindly everybody's suppositions.

Yes, I know, this makes learning more difficult and possibly confusing too. Read, check the history.. you'll see that all those sayings were true at least once but most probably they were at least once also false.

Very well said.

Based on my experience, it's always Bitcoin who goes up first then altcoin, then sometimes it is the other way around. It's like Bitcoin is the one creating the hype to start-up the engine to start the bullish season and to be fueled by Altcoins next. Hence, no matter who is first to go up in the market, it doesn't really matter to me because they are all giving me profits.

[logfiles]

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 most common scenario is the Altcoin  prices following Bitcoin's price movement's because the Bitcoin is the most common coin used as a trading pair against different coins such as ETH/BTC, EOS/BTC, ADA/BTC so any price change in bitcoin against the USD will definitely affect the price of the alt coins in the same direction.

The first 2 rarely happen and when they do, it's mostly a case of Bitcoin vs Individual altcoins

[Fogg12]

AltCoin price is always Depend on bitcoin price, not only for altcoin this price is depend full markets. I noticed that, when the bitcoin price was Dump then many altcoin price has big dumping,  and when bitcoin price was Pumped then many coins price has Increased.

[bandungan]

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)

for points 1 and 2 it depends on supply and demand in the market, because the increase or decrease is influenced by sales and purchases. sometimes it could also be whale play, so that's natural in crypto trading

[maydna]

Numbers 1 and 2 can happen anytime, and we can't predict when it will come again in the market. But yes, the crypto market now follows where bitcoin moves, so when bitcoin price is down, the altcoin will follow down. But it will not always happen because when bitcoin is down, some altcoin can increase, and even that coin can break the highest price. But once again, the altcoin will always go behind bitcoin and will follow where bitcoin moves. So you need to be careful if you analyze bitcoin or altcoin.

[hd49728]

1. Btc pump then alts dump
2. Alts pump then btc dump
3. Both btc and alts follow each other 

You missed one. Bitcoin dump and bitcoin dump.

As this, bitcoin pump or dump can cause dumps of altcoins. I very rarely see bitcoin and altcoin move up or down together. It occurs but not too often. As the difficulty and challenge to predict when altcoins will move in the same ways of bitcoin, I advice you to trade with bitcoin and use very small capital for altcoins.

I meant if bitcoin dump and altcoin dump, and if all of your capital is in altcoins you will lose both bitcoin and fiat balance. If you fortunately hold bitcoin or main of capital is bitcoin, you will only lose in fiat balance but the balance in bitcoin can be the same. Bitcoin is bullish in next year so let believe in bitcoin.

[TheUltraElite]

AltCoin price is always Depend on bitcoin price,

This is not an absolute statement. Did you read what I wrote above and what others have said? Not sure how long you have watched the markets and came to this conclusion.

not only for altcoin this price is depend full markets. I noticed that, when the bitcoin price was Dump then many altcoin price has big dumping,  and when bitcoin price was Pumped then many coins price has Increased.

You may see that movement or the opposite. Thing is there is not direct relation, topic has been discussed at length several times before.

Since bitcoin's price rise makes all the altcoin holders think they are going up as well, they buy and inflate the price. Thats why the alts pump. Same happens when Bitcoin dumps. There is panic selling of altcoins. Again these two timings may not match.

If you look carefully this pattern is more or less followed but depends on perspective and timing. Still dont use such statements as basis of making trades.

[yohananaomi]

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)

for points 1 and 2 it depends on supply and demand in the market, because the increase or decrease is influenced by sales and purchases. sometimes it could also be whale play, so that's natural in crypto trading

an understandable opinion because it is a method that is often used, supply and demand will greatly affect those who are asked, but it seems that many are playing, because they want to make a profit and they happen to control the market. things like this have existed and will continue to exist as long as they do hold that role.

Point: 3, as currently bitcoin has penetrated $ 20K, all altcoins will be affected and will follow the movement to increase, but usually altcoins that have entered the market and are still running in transactions are not for new altcoins growing and which are dead.

[DarkDays]

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 third scenario is happening now because of the bull-run we are currently in.

Normally, if this isn't the case scenarios 1/2 would most likely apply. However, at times like these we can only follow what the market gives us and react accordingly - so rejoice!!!

[Lordhermes]

All the scenario happens in the crypto market irrespective of the high demand in the specific coin, btc or alts, there are times btc price spikes up leaving alts behind as that sometimes signify incoming bull markets while some decent traders rush to get into some promising alts expecting the alts to follow after. In this case, it works and at times, may not work depending on the stability of the market. So actually, all these scenario happened unexpectedly and impossible for traders to decipher exactly what would happen next, whether alts before btc and vice versa.

[djgtr]

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)

for points 1 and 2 it depends on supply and demand in the market, because the increase or decrease is influenced by sales and purchases. sometimes it could also be whale play, so that's natural in crypto trading

Partly that's a certain idea about what's happening right now on both sides of the market, but the reality behind is really making that more difficult. Though bitcoin demand abruptly went so high right now, it's opposite with most altcoins that looks so dull and non progressive. Almost of the coins in the altcoins market went so low in volume and everybody was only focused now with bitcoin. There's no whales who ever supported on any good platforms which previously happened on times of previous bullrun, which I didn't see right now.

[Renampun]

No need to bother thinking about this because in fact, both are pump simultaneously...
Altcoins will pump when the Bitcoin pump even though it moves slowly. I don't know where you get points 1 & 2 came from because what happened was point 3.

[Jating]

Not always applicable, specially your #1 and #2. Bitcoin is on its own path, doesn't care about the alts market, whether it's bleeding. We might say that bitcoin is already decoupling as the whole narrative has change already. Prior, we have only traders and average joes that completely shifts funds around that's why we think that #1 and #2 has happened in the past.

But now we have big companies who are really hedging their wealth and assets. Only bitcoin 100%, no alts whatsoever, that's why I said the narrative has flip, or bitcoin is really dominating the market that we haven't seen before in a bull run.

[Imran232]

I think there has some reason when people see that btc is on the high price then people try to buy alts through btc thats why btc price gone dump for selling pressure and alts up because of buying pressure. And same thing again when btc dump then people sell alts to grab btc at cheap  price then same thing happen btc pump for buying pressure alts dump for selling pressure.  This could be a 1 reason what is my personal opinion. You should be more expert in this sector and you may know more if you want you can share your knowledge with us so that we can know how can we get profit from it.

[Furious 7]

Skrenario 3 is right now where Btc and altcoins are being pumped together, but the btc gejnotan is stronger than the altcoins from behind but for me we still have to be able to analyze it could be that after high prices are thrown away this can happen in the cryptocurrency market we have ever been experienced before, but sure this surge will be even stronger with the 3rd scenario, even I am happy to see it.

Btc already touched $ 24,000, even this is the biggest record maybe altcoins will follow it stronger in 2021.