Btc and alts

[Mauser]

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 the best explanation for the third phenom we see right now is that a lot people made a decent profit in Bitcoins, which gave them new capital to invest in Alt Coins. So the more money we make in trading bitcoins, the more we can invest in other coins. That is probably why alt coins are currently following bitcoins. So correlation is very high as long as both of them are rising. But what is going to happen once bitcoin is falling again? I really hope our alt coins will stay strong.

[bitgolden]

Remember there is only one king of crypto market and that its bitcoin. Rest all alt coins are like followers of bitcoin. When bitcoin goes up alt coins goes up and vice verse. Alt coins are not in a position to move the market on there own.

Yeah, as per many veteran members of this forum, we do not need any altcoin investments as bitcoin itself got all the power of good returns for our money. I agree with them because as per them we do not need any diversification in this crypto space.

I have always said and I will always say this, the "phenom" that alts go up when btc goes down or btc goes up when alts go down has been broken before 2017 peak and never been the same since those days. But people seem to like to ignore that. Look at the price of top 10 coins in the past year, they all went up, they are all coins that got up together and when there was small corrections along the way they all went down together as well. This is why I think it is quite important to realize that there is nothing we could be doing that would change it. So long story short, we are doing one hell of a job by saying the opposite of what is going on in reality.

I mean if you still think that btc and alts move opposite directions that means you believe bitcoin became 60k so all other coins are few cents now and none of them have good marketcap, you don't? Well that's good because that is not true.

[isaac_clarke22]

This is just a speculative statement and no atoms of truth in this statement, in most cases it is the altcoin that follows bitcoin market trends, but very hard to see bitcoin following altcoin trend. If you study the crypto market carefully you will discover that bitcoin is always playing the leading role and not the other way round as you said.

Remember back when ICOs in 2017 become a trend and a thing.
It was almost like that they're almost independently treading on their own without Bitcoin.
But then scams were now bombarding the investor's ecosystem and now we're back to that kind of mindset that alts will almost always tend to follow Bitcoin's pattern in increase.

[XZERO1]

Remember back when ICOs in 2017 become a trend and a thing.
It was almost like that they're almost independently treading on their own without Bitcoin.
But then scams were now bombarding the investor's ecosystem and now we're back to that kind of mindset that alts will almost always tend to follow Bitcoin's pattern in increase.

Altcoins can go their own way in terms of price but that totally depends on Bitcoin dominance percentage, obviously the higher Bitcoin dominance is the higher its price impact would be on altcoins price and trend, but what causes BTC dominance to increase or decrease is Bitcoin's ability to keep being at a certain price range, more volatility from Bitcoin causes increase in Btc dominance which means if Bitcoin price increases or decreases significantly in a short period of time it's short-term bad for altcoins, while more sideways with slow increase in price from time to time is good for altcoins.

It was around march 2017 that Bitcoin dominance started dropping continuously and hit bottom at 35% on January 2018:

[cute nmp]

The price of bitcoin has an effect on other altcoins .There has been a speculation that bitcoin and altcoins have an inverse relationship when it rises other altcoins fall because people are selling their altcoins to go into bitcoin and when bitcoin fall, other coins fall because people are selling everything.When the price of bitcoin goes sideways people diversity into altcoins and ethereum prices goes up.

[btc-facebook]

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 

In general it is like that, when the price of bitcoin rises, the altcoin price tends to be corrected, if the price of bitcoin is corrected the altcoin price will also be corrected,
but actually there are other factors to find out about it, namely looking at the position of the bitcoin dominance chart at that time,
For example, when the chart of bitcoin dominance correction and the price of bitcoin is sideways, the altcoin price will go up.

[sayaya17]

As a beginner trader, I used to be confused and often stuck with very volatile crypto market conditions. But the movement
price of bitcoin will affect the altcoin market. But I learned from history a few years ago to understand. And it turns out that
experience is precious and can give us the expertise in trading. As a beginner trader, you need to learn a lot about crypto trading.

[yohananaomi]

As a beginner trader, I used to be confused and often stuck with very volatile crypto market conditions. But the movement
price of bitcoin will affect the altcoin market. But I learned from history a few years ago to understand. And it turns out that
experience is precious and can give us the expertise in trading. As a beginner trader, you need to learn a lot about crypto trading.

totally agree that to continue learning because the changes now are far different from the past. The movement of bitcoin will clearly influence the movement of altcoins, everyone believes that and can't argue with that.
but the upward movement of bitcoin last year which was very fast could not be followed by the movement of altcoins, this indicates that there has been a significant change.

New altcoins can make an increase when bitcoin makes a correction or is in a stable state, altcoins will increase and some may reach their ATH.
now bitcoin is changing rapidly both up and down. If the altcoin is not able to perform well it will lag behind in the upgrade. bitcoin is already very profitable in day trading because the difference is quite high.

[Darkelf11]

I don't think so if they are going to become synchronized because afaik every time the bitcoin pumps there's a possibility that the alternative coins will pump too and they become dependent on this but not all the alternative coins doing this.

Before going trading it's better to make an update about the coin we would like to trade there's a chance it will up or dump to keep aware of your self if this is the time to get your income.

[corel]

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)

3rd scenario - Musk's tweets then btc pump

[Finestream]

I don't think so if they are going to become synchronized because afaik every time the bitcoin pumps there's a possibility that the alternative coins will pump too and they become dependent on this but not all the alternative coins doing this.

Before going trading it's better to make an update about the coin we would like to trade there's a chance it will up or dump to keep aware of your self if this is the time to get your income.

Forget about altcoins, they will never pump if bitcoin is not healthy.

Look, the pump started when bitcoin broke its old ATH, the almost $20k to be specific and the altcoins season happen.
What I'm trying to say is that bitcoin dominance is too high and obviously its been dominating the market.

let's observe, if bitcoin will dump, for sure altcoins will follow. I'll bet on that.

[oHnK]

I don't think so if they are going to become synchronized because afaik every time the bitcoin pumps there's a possibility that the alternative coins will pump too and they become dependent on this but not all the alternative coins doing this.

Before going trading it's better to make an update about the coin we would like to trade there's a chance it will up or dump to keep aware of your self if this is the time to get your income.

Forget about altcoins, they will never pump if bitcoin is not healthy.

Look, the pump started when bitcoin broke its old ATH, the almost $20k to be specific and the altcoins season happen.
What I'm trying to say is that bitcoin dominance is too high and obviously its been dominating the market.

let's observe, if bitcoin will dump, for sure altcoins will follow. I'll bet on that.

It is only natural that this happens because basically the trendsetter in crypto is Bitcoin.  When the Crypto Mascot drops, the environment will be greatly impacted.  That is why Bitcoin's success will pave a bright path for other coin coins.  Everyone who is just starting out in the world of crypto will only focus on Bitcoin.  Though Bitcoin is a kind of crypto.  I firmly believe that the future of Bitcoin will be very bright as long as institutional investors continue to join in because they are interested in the technology being developed.

[DarkDays]

Remember there is only one king of crypto market and that its bitcoin. Rest all alt coins are like followers of bitcoin. When bitcoin goes up alt coins goes up and vice verse. Alt coins are not in a position to move the market on there own.

Yeah, as per many veteran members of this forum, we do not need any altcoin investments as bitcoin itself got all the power of good returns for our money. I agree with them because as per them we do not need any diversification in this crypto space.

I have always said and I will always say this, the "phenom" that alts go up when btc goes down or btc goes up when alts go down has been broken before 2017 peak and never been the same since those days. But people seem to like to ignore that. Look at the price of top 10 coins in the past year, they all went up, they are all coins that got up together and when there was small corrections along the way they all went down together as well. This is why I think it is quite important to realize that there is nothing we could be doing that would change it. So long story short, we are doing one hell of a job by saying the opposite of what is going on in reality.

What's important to realise and a point that comes out to me from @bitgolden is that the two, BTC and Alts can't be decoupled. There will always be a relationship between the two with Bitcoin leading and Alts following (marginally). If you think your thoughts are drifted from this dogma then you need to go back to the fundamentals. We see this every time, BTC goes up so do alts and when the dump comes it all starts with BTC...

[Issa56]

From the little experience am having in trading mostly bitcoin controls the market whenever bitcoin is dumping 90% of coins will definitely dump to and whenever bitcoin is pumping most altcoins also pump gradually so depending on your choice you can go for bitcoin and you can also go for altcoins. But i will advise you to choose depending on the capital you are having if you are having little capital I will advise you to trade altcoin but if your capital is kind of hug I will definitely advice you to trade bitcoin for maximum profit but both altcoins and bitcoin are not really bad to trade.

[SacriFries11]

As a beginner trader, I used to be confused and often stuck with very volatile crypto market conditions. But the movement
price of bitcoin will affect the altcoin market. But I learned from history a few years ago to understand. And it turns out that
experience is precious and can give us the expertise in trading. As a beginner trader, you need to learn a lot about crypto trading.

We can noticed that BTC will pump then followed by altcoins but there are few altcoins sometimes does not depend in the price action of BTC.
I notice cryptocurrency like XRP, THETA, ADA, TFUEL are sometimes pump even the rest of the cryptocurrency are dumps, then vice versa.
I believe that it's a big factor that BTC can affect the price action of all altcoins because most of them have pairs to BTC.

[touseefahmad1999]

Mate good to see u here first you have to know about crypto market place because it's very volatile and risky. Most of the newbies have mistake and under trapped the market. So some time btc and altcoins move same ways. And some time is not. Altcoins depends on bitcoin on that time bitcoin dominance has sometime to stable so altcoins move uptrends. And then bitcoin increase altcoins move slowly. And most of the altcoins has pairs with btc so that is why altcoins some time in bearish mode because of btc down

[tbterryboy]

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 

That you’re seeing the third scenario taking place now doesn’t mean that the rest cannot also take place, it all takes time and you see them happening, they all happen, but not all the time. Even now that you think that the third scenario is taking place, you’re forgetting that there are still altcoins that are not following BTC right now.

I guess you only looked at coins like Ethereum and other similar coins and you think that the whole market is moving that way, but that is not true. If you’re making use of Coinbase app you’re going to be able to see coins that are not correlating and you will also see the ones that are correlating with bitcoin.