Btc and alts

[LUCKMCFLY]

You just have to keep in mind that Bitcoin is the boss, if Bitcoin remains in a bullish trend, the alts begin to grow, it is logical there is confidence in the market, sometimes the Alts season takes time to start because bitcoin is As it grows in price, nobody wants to lose the movement and sell the alts quickly to start buying Bitcoin, after that most of the time, being in the first retracement of Bitcoin it is usable to buy the alts, because they are cheaper and Usually when Bitcoin starts to rise the alts follow the movement.

[fauzan123]

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)

I agree with your 1st statement. When BTC pumps, it also pumps altcoin. However, I could not agree with your 2nd statement. I have seen some specific Alts pumps but not much effect on BTC. However, if BTC moves, it has an effect on Alts.

This is because BTC is the major pair of all altcoins, you could say the reference of the price that occurs in altcoins, one of which is because of bitcoin.

However, it also cannot be made absolutely certain, because each altcoin also has its own project and prospect so that comparison with bitcoin can indeed be a reference, but not everything will also refer to the movement of bitcoin.

[tvplus006]

...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...

Recently, we have seen mostly one scenario where Bitcoin dump-altcoins also dump. And when Bitcoin pump-altcoins still dump. This is due to the fact that all the attention of investors is focused mainly on one coin - BTC. Therefore, regardless of the movement of BTC, altcoins continue to fall in price.

[pixie85]

Usually it's like this:

BTC pumps, strong altcoins follow.
BTC dumps, whole market dumps.

It's important to remember that not all altcoins pump when BTC pumps, but all altcoins dump when BTC dumps. That's why it's usually better to buy BTC if you have money to spend.

[doomloop]

I believe the most common thing would be bitcoin and altcoins pump and dump together, that is the most common thing that happens. Obviously sometimes they do reverse of each other and I can't say that never happened, but that is a rare situation and commonly that almost never happens, which is why I believe that people should focus on the common thing that happens which is btc and alts moving all together.

Look at the prices recently, it moved from 24k levels to under 22k and meanwhile alts went down as well, it moved to above 24k from there and alts moved up as well, and it moved to under 23k and alts moved down as well. Just in the past 10 days we have seen many examples of bitcoin and alts moving all together, that is why I honestly believe that we should be excited about whats going to happen to bitcoin if you own some money in altcoins.

[Miaallen]

Just like you rightly observed, most of these altcoins do not really follow the Bitcoin price trend as expected I. This bull run. And in some case, the altcoins sometimes rise in prices with higher percentage than Bitcoin. We saw that in 2017/2018.
But leaving your digital assets should be considered to be in Bitcoin as the most trusted and the market determinant of all cryptos.

[lienfaye]

All of these scenarios are correct its really happening, however it depends on the market situation on what is going to be the trend. Usually altcoins are following the bitcoin trend, so if btc increase we can expect alts to do the same as well. In some cases even bitcoin is increasing there are only few altcoins (usually the established) can make it to follow the current status of bitcoin.

But after the bullrun last 2017 wherein btc is in peak price, the next year (2018) alts started to skyrocket alone while bitcoin is slowly decreasing after its ath. So its always different, btc and alts has different use cases and purpose. Since bitcoin is the primary crypto, it has huge investors compared to alts, the reason why its always on the top. A reliable digital currency and as crypto investment.

[optimisticcm]

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)

I think it is time we support bitcoin fully and let it go completely parabolic because it will eventually help all the market in com8ng months as all the alts especially the established ones will follow btc that will cause intense pumps in their prices as well.

[Distinctin]

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)

I think it is time we support bitcoin fully and let it go completely parabolic because it will eventually help all the market in com8ng months as all the alts especially the established ones will follow btc that will cause intense pumps in their prices as well.

This time, bitcoin keeps on surging seeing the market very bullish and if this will continue, we can see potential altcoins increasing their prices too due to the bullish impact from bitcoin. Especially uf bitcoin will be totally mainstream, we can expect more altcoins to surge their prices in the market.
 

[maydna]

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)

I think it is time we support bitcoin fully and let it go completely parabolic because it will eventually help all the market in com8ng months as all the alts especially the established ones will follow btc that will cause intense pumps in their prices as well.

This time, bitcoin keeps on surging seeing the market very bullish and if this will continue, we can see potential altcoins increasing their prices too due to the bullish impact from bitcoin. Especially uf bitcoin will be totally mainstream, we can expect more altcoins to surge their prices in the market.
 

It needs time to see bitcoin become mainstream, but bitcoin is on the way to reach more people out there, especially the institution that introduces bitcoin in many ways. The altcoin still waiting for bitcoin movements, and if bitcoin price can moves to the high price more than $30k, that will be the sign for the altcoins to start the rally, and in that time, the altcoin season will come. But before that can happen, we can enjoy this moment by buying and sell bitcoin and altcoin, and we should try to make a profit to increase our bitcoin amount.

[Xinarae*]

It is very difficult to determine when the pump and dump of BTC and Alts will increase. Currencies and tokens increase in price based on their supply of demand. But I think both BTC and Alts follow each other. Bitcoin ranks at the top of all currencies in the crypto market. Depending on the price of this currency, the price of other currencies will increase. When the price of Bitcoin starts to go down, when traders reduce the amount of investment, then other Altcoins start to be dumped.

[RealMalatesta]

What I realized recently in the past few months is the fact that when everything stands still without much movement (could be under 5% or so) that is the base we have, after that when bitcoin skyrockets, let's say goes from 22.8k or whatever levels to 25.7k levels, that means bitcoin goes up a lot right?

Well, what happens during this period is that altcoins first goes down a bit, it can't catch up and the price falls, bitcoin price of these coins fall as well, but in the end after the fall, they start to increase a lot, maybe even more than bitcoin itself depending on which coin you are looking at.

So there is this moment when bitcoin increases and alts go down but then recover and go higher. Hence, if you are quick enough, you could see bitcoin going up, and alts going down and you could buy alts at that time and profit from it when they go higher.

[South Park]

That's how complicated the markets are, actually those are what can happen in the market but just like what you have said we are currently on the third scenario, previously when the bitcoin dumps the altcoins pumps well I hope that it would happen too if the Bitcoin dumps so we could still make profit in altcoins.

Markets are complicated that is a given however I think that as time passes the scenario in which altcoins are pumping significantly while bitcoin is dumping is going to become more and more rare, now that institutional investors are in the market they are not going to get rid of their coins as quickly as the people that held those coins in the past bringing more stability to bitcoin, and when we take into account that the trust in altcoins is very low as well then it is clear why that scenario is becoming rarer by the day.

[so98nn]

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.

Yeah, the rinse and repeat strategy, I like it mate. There is no need to think about BTC and alts relationship if you are all into earning bucks while trading your favourite coin. Just now I posted elsewhere that the relation exists solely based on pump drive of BTC and its influence on the altcoin holders (investors) who make it possible to rise the coin value.

Virtually it does look like they have some sort of correlation but it's just after-effect of investments. In the long run when BTC would be gone very high, there will be time the altcoins will not gain that much popularity due to high priced BTC. I mean the attention would be on BTC rather than alts.

[Pamadar]

It is very difficult to determine when the pump and dump of BTC and Alts will increase. Currencies and tokens increase in price based on their supply of demand. But I think both BTC and Alts follow each other. Bitcoin ranks at the top of all currencies in the crypto market. Depending on the price of this currency, the price of other currencies will increase. When the price of Bitcoin starts to go down, when traders reduce the amount of investment, then other Altcoins start to be dumped.

Following the basis of supply and demand, Bitcoin gather much higher attention from the eyes of more investors than alts.

Many people thinks that market will experienced good rise when Bitcoin start to gained more support but as of this moment that's not the case for most alts, some gained but not everyone get the same level of support. Bitcoin already achieve new ath while the entire alts are still far from their previous ath.

[TheUltraElite]

Following the basis of supply and demand, Bitcoin gather much higher attention from the eyes of more investors than alts.

Definitely more attention and hence a more liquid market.

Many people thinks that market will experienced good rise when Bitcoin start to gained more support but as of this moment that's not the case for most alts, some gained but not everyone get the same level of support. Bitcoin already achieve new ath while the entire alts are still far from their previous ath.

In fact the market is filled with so many altcoins that do basically the same thing, it make no sense in putting money in any of them. What people need is a decentralized censorship resistance currency and bitcoin does that completely.

Why altcoins came into existence is because some greedy developers wanted to reach next to bitcoin and started some vaporware to cash grab some investors into their scheme. Today this seems like real but at that time it was a nice money making opportunity.

It would be better for altcoin hodlers to sell at any highs that come in. Dont wait for crossing the previous ATH, just because bitcoin crossed its ATH - because it might never happen again and dump while you are drooling.

[CryptopreneurBrainboss]

I think it's in this order, bitcoin pumps, altcoins dump. Bitcoin dumps altcoins dumps still then bitcoin pumps and takes altcoins with it but just selective ones and not the whole altcoins market that's why you're advice to choice selectively, altcoins you want to invest in to avoid picking wrong train. That's what's currently happening in the industry although it wasn't always like that.

In 2017 it was altcoins doing most of the pumping due to the ico hypea, assuming the defi hype was occuring right now and not earlier in the year as it did then we would have had similar market scenario as of 2017 but that's not the case.

Bitcoin is receiving all the attention now so non of the scenario as previous years can be certain to occur again. If bitcoin was to dump now it'll take down all altcoins with it but that can't be said when bitcoin is pumping because it does that without taking the altcoins market with it.

[SquallLeonhart]

^ ICO hype specially got ETH a lot higher I remember that one. Everyone bought ETH in order to invest into ICO's and there were few with over a billion dollars invested as well, it was like a joke at the time that new projects got that much money.

Nowadays something similar happened, ETH got higher because there were people who wanted to invest into DeFi projects as well which is why I think it is quite obvious that people actually increased the price of all crypto currencies in the same manner, they got into bitcoin, and eth, and made profit, and turned that profit into ETH and that was it.

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.

Specially with these huge corporations coming in, not only it is sustainable but it is also just a base we can work from and can get bitcoin higher.

[LimLims]

Don’t go for what people saying.
The phrase “people saying “ itself is a estimation and assumption.
You should know how the market works.
If you are a newbie, then it would be easy to make you understand OP by taking an asset into consideration for example.
Btc is also like an asset, there is a fixed amount of Bitcoins present in the market. So if the demand of BTC goes higher then the supply will be less and this increases the price of the coin and the vice versa.
Now i hope you got a clear view OP.

[ene1980]

^ ICO hype specially got ETH a lot higher I remember that one. Everyone bought ETH in order to invest into ICO's and there were few with over a billion dollars invested as well, it was like a joke at the time that new projects got that much money.

Nowadays something similar happened, ETH got higher because there were people who wanted to invest into DeFi projects as well which is why I think it is quite obvious that people actually increased the price of all crypto currencies in the same manner, they got into bitcoin, and eth, and made profit, and turned that profit into ETH and that was it.

The ICO hype took the ETH to new levels during 2016 - 2017 rally as everyone was investing in ETH to get into the market and it was a joke that every project was able to raise millions even with shitty ideas and then the scams followed up and it continued till the market had a big correction and this time around there is the DeFi hype along with the ETH upgrade to POS as well as everyone is trying to purchase 32 ETH to stake and there are even group buys to stake the coins.

When it comes to bitcoin the institutional investment is pouring in and they are taking the market to new levels and with the economic situation not that great globally everyone is hedging on the decentralized currency.