Is Altcoins Follow BTC Rally?

[DU18]

As you note that, altcoins follow Bitcoin from time to time. Now bitcoin price continues to push, and there are strong bullish moves in most major altcoins. I bought some ETH on Ownr and I keep my fingers crossed.

Buying now may be a good thing but if you are thinking about buying 3 months ago maybe you will smile broadly. But no one can be sure of the steps that will happen in the future.
 

It's not easy enough to predict market movements, if anyone is able, maybe only about 60% of their predictions can come true .  including buying bitcoin in the last 3 months, which was when the price of bitcoin showed no sign at all that it would increase in price like now, but I think now is not to late to choose some altcoins as investments and hopefully bitcoin will have price corrections in the future.

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[nikola22]

some altcoins follow bitcoin rally, for example litecoin or bitcoin cash. but many of them grow just a little bit. maybe all the inflows come to bitcoin and altcoins are not so interesting for big investors.

[so98nn]

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

I think the correlation is all about inter-connected trades that happens when btc is rising. I mean, when btc starts going up whole investor base knows that alts will be invested by everyone since they dosn't cost you much and it's good season to earn some bucks! When this chain reaction of so called investments starts to heads up then it reflects into green market and all the small to mid investors follow the trend. This is why whole market seems to be interconnected but it's just after effect of one king size coin that is BTC.

I mean everyone will agree on this definitely. Of course this also happens some times for the alts. If you checkout few instances when btc suddenly pumped and dumped then alts won't react at all. So it's only when there is major pump and constant up surge for the btc.

[Rexler]

Most coins/tokens are priced in Bitcoin so when Bitcoin starts pumping, so is alt. That explains why altcoins follow Bitcoin bullrun. You will even noticed that in most exchanges and even the majority of DEX.

It's not every time bitcoin pumps that altcoins follow, most times when bitcoin is pumping so many altcoins can't stand so they begin to dump them maybe recover later, it's only a few popular altcoins that tend to pump whenever bitcoin is pumping coins like eth and Ltc, these two coins have something in common with bitcoin, even though it's not everything they pump the same time as bitcoin.

[Alexmagn84]

I think it is the ideal opportunity for bitcoin to get a bullish pattern after bitcoin is in the bear pattern. It is beneficial for us since we can make more bitcoin from the altcoin on the off chance that we sell our altcoin in bitcoin pair altcoin. Bitcoin will be on the run and a great many people will sell their altcoins to be essential for the development inside Bitcoin, anyway this is seen significantly in other altcoins not among the top.

[bayu7adi]

The movement of BTC and ALT depends on the news circulating.
The simple concept is, Cryptocurrency can be compared to FIAT and Bitcoin can be compared to Altcoin.

If the news is more inclined towards cryptocurrency that is against FIAT or it could be Gold, then the price of Bitcoin and Altcoin will increase simultaneously.

But if the news that circulates is more inclined towards BTC and shows the weakness of ALTCOIN, then the Bitcoin price will go up and the altcoins will fall.

[TheUltraElite]

some altcoins follow bitcoin rally, for example litecoin or bitcoin cash. but many of them grow just a little bit. maybe all the inflows come to bitcoin and altcoins are not so interesting for big investors.

Litecoin still has some acceptance and usage over the older bitcoin adopters as "silver" to bitcoin. It has only become bigger in price but nothing breaking out in development. It has attempted to grow big with time though and better than BCH which is a shitcoin promoted by a lying maniac.

So if you are looking to buy any of these buy litecoin but only after buying bitcoin. Stay away from any forked coins like BCH and so on. Whales have never been keeping any interest in shitcoins like them but you can buy at low and sell at 10% gains to get some profits instead of leaving money elsewhere too.

Just make sure you sell these shitcoins at the pump and dont keep on holding them.

[TastyChillySauce00]

I think it’s for maximum alts and not for all alts, when bitcoin bullish run maximum major alts follow this run.

it's not true. This time bitcoin has surpassed 27k and then altcoin is not moving to the bitcoin's position. Altcoins were loosing on its value against bitcoin. Altcoin can't go along with the bitcoin pump.
Some altcoins may able to follow the bitcoin's trend but it's not the whole of market will turn into the bullish trend.
We should understand the situation that is still happening right now. Bitcoin may go even higher than before.

[JackieAinsley]

I think it’s for maximum alts and not for all alts, when bitcoin bullish run maximum major alts follow this run.

it's not true. This time bitcoin has surpassed 27k and then altcoin is not moving to the bitcoin's position. Altcoins were loosing on its value against bitcoin. Altcoin can't go along with the bitcoin pump.
Some altcoins may able to follow the bitcoin's trend but it's not the whole of market will turn into the bullish trend.
We should understand the situation that is still happening right now. Bitcoin may go even higher than before.

Bitcoin has the biggest capitalisation and the most develop ecosystem.
But all altcoins different. It is not a good idea to compare bitcoin with altcoins.
A lot of depends how useful are altcoins.
Some altcoins are used to make the environment clean. Here are some information https://moss.earth/blog.

[JHORN]

Few altcoins follows bitcoin rally but not much, the gains aren't like that of January 2018, I believe it's not the right time for altcoin season yet and the fact is Bitcoin dominance is still growing higher, over 70% today, it might take longer before we see altcoins bullseason in action

[DamonWilliam]

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

Bitcoin is like a father, he is the father of all other coins.
Alternative cryptocurrency coins, as they call the "children" of Bitcoin, grows behind Bitcoin, when it grows, the rest of the cryptocurrency market grows. When its price falls, then the rest of the market falls in the same way, I think here I have described the whole relationship between Bitcoin and Alternative Cryptocurrencies.

[Jating]

Again, with bitcoin ever changing narrative, I might say that the pattern might have change already.

Just look at the dominance of bitcoin, 70% currently and then what a super rally to touch new all time high of $27k and still growing. While the rest of the alts are lagging behind, Ethereum for instance are still down 50% from it's previous all time high.

So the whole altcoin follow the bitcoin rally is no where as close as to like 2017 or early 2018. Time has change, investors getting smart.

[Vishnu.Reang]

Just go to the Coinmarketcap and check the charts. It is pretty clear. When the rally started, the Bitcoin dominance was somewhere around 57%. Now this figure stands at 71%. Assuming that some 5% of the market cap is made up of Bitcoin forks and stablecoins, that means that the altcoin market cap has fallen from 38% to 24% during the same period. What happening now is the exact opposite of the situation we had in 2017.

[NNRR]

Some alt coin follow bitcoin rally and some altcoin huge down. Bitcoin condition now very critical moment any time huge up and huge down. So need wait btc price stable when bitcoin price stable obviously alt coin rally started

[Sled]

Again, with bitcoin ever changing narrative, I might say that the pattern might have change already.

Just look at the dominance of bitcoin, 70% currently and then what a super rally to touch new all time high of $27k and still growing. While the rest of the alts are lagging behind, Ethereum for instance are still down 50% from it's previous all time high.

So the whole altcoin follow the bitcoin rally is no where as close as to like 2017 or early 2018. Time has change, investors getting smart.

Indeed, the market growing but altcoins are still slow compared to the 2017 bullish season almost all altcoins do the rally unlike what we experience this time.
This is also to admit that altcoins are still depending on Bitcoin. The hypes that Bitcoin has now is also spread to the entire market. But those dead coins are no longer have that scheme, no wonder that if you are holding those things, never expect it rally the same but just to keep dead at all.

[angrynerd88]

A few altcoins take after the bitcoin rally, but not all altcoin can do that since the other altcoin should wait for the proper time to extend. We can say its turn for bitcoin to urge a bullish drift after bitcoin is within the bear slant. It is in favorfor us since we are able make more bitcoin from the altcoin in case we offer our altcoin in bitcoin match altcoin. We will hold it until the bitcoin cost breaks another tall cost or offer it at the current cost. The altcoin will take its time to extend, no problem where the bitcoin cost will move.

[Viscore]

A few altcoins take after the bitcoin rally, but not all altcoin can do that since the other altcoin should wait for the proper time to extend. We can say its turn for bitcoin to urge a bullish drift after bitcoin is within the bear slant. It is in favorfor us since we are able make more bitcoin from the altcoin in case we offer our altcoin in bitcoin match altcoin. We will hold it until the bitcoin cost breaks another tall cost or offer it at the current cost. The altcoin will take its time to extend, no problem where the bitcoin cost will move.

Major altcoins even struggle, how much more on the low market altcoins. Bitcoin is still very bullish and there's no hype at the altcoins market, so people are really putting their money on bitcoin and I don't really expect this kind of big growth anymore and it look like $30k is even possible by the end of the year.

Altcoins season will come, but not this year for sure as we already have 4 days before the year ends, so hopefully next year altcoins will have some significant growth so this market will be a little balance and not fully dominated by bitcoin.

[kentrolla]

To me it looks like 50-50 there are underperforming coins as well also I think if in case BTC goes down then investors will focus on alts and there are possibilities of gradual pump.

But I can still see major alts coins are struggling for a big pump especially XRP, I down want to see any drop again as this is one of my favourite asset. BTC is still plays as a Trump card for alts which means they are dependent BTC even now.

[Traderbtcc]

History will always repeat itself one way or the other, same thing goes for the crypto market, whenever bitcoin is pumping altcoins are always the ones bleeding, even when bitcoin is dumping altcoins still dump ,although I have seen a few altcoins pumping along side bitcoin they are Eth and Ltc, I guess the crypto market follows bitcoin's market movement due to the bitcoin dominance, i doubt if there's any crypto trader that does technical analysis on any trade without checking on bitcoin first, cause without checking on bitcoin first you might just buy the altcoin at the top and bitcoin starts dumping hard,the coin you bought will definitely dump and you will be forced to either sell or hold the coin till it gets to the price you originally bought it.

[seleme]

There is a correlation between altcoins and BTC, when the price of BTC touches ATH the altcoins will prepare the positions on charts to rocket up the ATH price too. In rare cases, BTC goes up while the altcoins stay on the same price range but the few altcoins can go as higher as possible. Let's see what will happen in altcoin markets if BTC can go higher than $30k.