Is Altcoins Follow BTC Rally?

[TastyChillySauce00]

Hopefully we will see a repeat of altcoin pumps similar to 2018. But there needs so be a correction in btc first.

The history already repeated and it was trying to break another record. the only thing that is not yet coming to the market was the altcoin bullish trend. The majority of people are FOMOing bitcoin while they are forgotten with altcoins. It's caused by institutional investors that have been luring so many new buyers to the market.
Im still waiting for the bullish trend on altcoin will be happening again. It's a very long time since ethereum was touching its ATH

[Shasha80]

I am among those who believe that altcoins will indeed follow the increase in the price of Bitcoin, I said that because as long as
I invested in crypto it happened repeatedly. So for those who have been in the cryptocurrency world for a long time, they must
believe that the price of altcoins will follow the price of Bitcoin. The clearest evidence is what happened in 2017, when Bitcoin
rose to an all time high price, soon the altcoins price also rose to reach all time high prices.

[aTriz]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

what I noticed is that when Bitcoin's Price increases. altcoins price increases only in term of USD value. the BTC value either remain same or even reduce sometime. maybe not all coins and tokens do same. but there is a token I've been following it's BTC price was 12 or 10 satoshi. and it's USD value was 0.01 or something like that when BTC was 18K. now BTC is 24k and it's USD value increased but satoshi price is same.
and that token is not even listed against any USD pair in exchanges.

[satria157]

Bitcoin is basically the mother of all altcoins where when the price of BTC is high altcoins follow suit. No wonder this has always happened because bitcoin is the symbol of all altcoins

[nemey]

In my opinion, Altcoins has something to do with Bitcoin. Where the two are related. many people who may not be able to invest in Bitcoin, then turn to altcoins to then own Bitcoin. So it's no wonder that if the price of Bitcoin increases, altcoins will follow suit. And the developers will definitely continue to try how to keep up with market trends so that their coins don't turn to ash.

[bitkanu]

Bitcoin is basically the mother of all altcoins where when the price of BTC is high altcoins follow suit. No wonder this has always happened because bitcoin is the symbol of all altcoins

It's not caused by bitcoin was mother of altcoin but all of cryptos have been using the bitcoin as the base to determine the price for these coins.
You must also know that bitcoin just like a dollar that was also dominating the fiat market. It has been ruling the crypto market and that's why any altcoins will be following bitcoin rally otherwise when bitcoin dumped and altcoin as well.

[kpierce77]

Bitcoin is basically the mother of all altcoins where when the price of BTC is high altcoins follow suit. No wonder this has always happened because bitcoin is the symbol of all altcoins

Bitcoin can affect the price of other altcoins because bitcoin is indeed the trend center for crypto. so when the bitcoin price starts to go up, the altcoins will follow suit with a value according to the development of their project

[rahmatullah9305]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

If we examine the correlation, this can be seen through the platform used by Alt coins and through what network they used when Alt was developed, although in fact this does not really affect all Alt, but Alt which is already popular will certainly always be many like it so that people who like Bitcoin in general will also like the Alt coin which is really popular on the exchange, so the increase in some Alt coins will also be seen when Bitcoin moves up.

[lumierre]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

Altcoins are more volatile than Bitcoin. Rather, we should expect the transfer of capital from Bitcoin to Altcoins. People will invest in Altcoins in the hope of higher returns. Almost every altcoin with a significant capitalization is traded in pairs with Bitcoin. Altcoins really depend on the behavior of Bitcoin.

[mezzaluna]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

This actually happened in the last quarter of 2017 onto the first quarter of 2018 but it was suddenly put into an stop when Bitcoin's value was slightly stabilizing at certain points. The correlation is visible but we really should still consider the fact that not all Alternate Cryptocurrencies would rise along with Bitcoin since not all of them is branched off from Bitcoin. We should also consider Ethereum and Ripple as Crypto's that is also possible to rise in value.

[Dragonfund]

If we are to compare and contrast last year bull run with this year, I will say altcoins didn't do much better than previous performances, perhaps it's because this movement was base on pure adoption and most alcoins aren't worth the real use case. DeFi was the only part that performed good at their time, though most of them collapse due to unforeseen circumstances and greediness among individuals.
Bitcoin did better just as it was heavily pump during 2017 but altcoins never followed it rally that's was why we couldn't make a trillion market cap.
I hope we do better in the coming years.

[articlecity]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

The way btc is moving and maintaining its price while all other coins are dumping and bitcoin's dominancy is increasing, just signals an explosive btc run ahead, I expect 50k btc in few weeks because I have not seen such momentum from bitcoin in recent years.

[MCobian]

Your answer will be answered if you compare the movement of Bitcoin with altcoins, of course there is a connection between
Bitcoin and altcoins. Because most traders use Bitcoin pairing to trade altcoins, so surely Bitcoin price will affect the altcoins price.
So my advice is if you see the price of Bitcoin starting to go up, immediately convert the altcoins you have into Bitcoin, or you
can be patient waiting for the altcoins to rise in price.

[inoes]

not all altcoins follow the direction of bitcoin,
we know that altcoins are very dependent on the community and their own holders,
so if bitcoins go up, then altcoins are likely to decline.

indeed, the effect of BTC on all altcoins cannot be equated, because we know that in crypto currency everything is alt (alternative coins), coins other than BTC. but the point is if in a like exchange dex / cex has altcoins that are paired with BTC then the price effect is extraordinary. for example eth.
1 bitcoin = 35 eth, when bitcoin goes up to
1bitcoin = 37 eth
then eth will automatically decrease in price due to the impact of the increase in bitcoin prices.

[pixie85]

Altcoins can be divided into 2 groups: those who follow bitcoin pumps and those who have their own pumps but usually follow the trend of the whole market.

The first group is like BCH, LTC, ETH... They follow bitcoin and usually do it pretty fast but with a reserve, so when Bitcoin pumps 10% they may go up 5%.
The second group pumps and dumps independently. Those are usually small and not very popular altcoins or tokens built on Ether, but even those coins dump when the market as a whole dumps, like when we had that US lockdown in Spring.

[shinratensei_]

Hopefully we will see a repeat of altcoin pumps similar to 2018. But there needs so be a correction in btc first.

We will not see that happen again dude. This time altcoins were facing a big problem and ripple can die too.
The bitcoin will be the only coin that could be pumped by the institutional investors. Some companies are liquidating their position in the altcoins.
I see that some major altcoins were being affected caused by the on ripple that decrease the trust from the investors to keep their money into the altcoins.

[bitzizzix]

Altcoins always follow the movement of bitcoin and only time will tell, it seems that nowadays everyone and investors give priority to bitcoin because it always dominates the market and its price continues to increase.
most likely they are very careful to invest in altcoins and that does not mean they are not, but prioritizing bitcoin because it is more promising, and I believe there will be changes to altcoins just need time and patience to wait and I also hold some altcoins and will be patient to wait until the time comes .

[doug9694]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

You have answered your question about its correlation. There were times that it is correlated and there were times that it don't.

To answer your question as for your title, the altcoins will also follow bitcoin's rally. We don't know how long this rally will commence but it's usually coming after the btc bull run. Alts will start to take time of becoming bullish when bitcoin's done.

But as of the moment, there's no sign that bitcoin will stop.

All you have to do is look at Coin Market Cap or Coingecko at the little charts at the left side and you will notice that most alts do follow BTC.

[bryant.coleman]

All you have to do is look at Coin Market Cap or Coingecko at the little charts at the left side and you will notice that most alts do follow BTC.

Initially the altcoins also went up, along with Bitcoin. But now the trend has reversed. Bitcoin prices are stable, while many of the altcoins are crashing. For example, XRP (Ripple) has lost more than half of its value during the last few days, and many of the alts were also affected by its drop. But Bitcoin prices seems to be stable and it was not influenced by the SEC lawsuit against Ripple.

[BDBitcoinExpart]

Alts coins took major hit, hope you guys are playing safe and using stop loss. ALT DOMINANCE and possibility of seeing further drop in alts. It's my opinions.