Is Altcoins Follow BTC Rally?

[Nellayar]

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.

+1
There are some altcoins which goes up when bitcoin moves up as well. These altcoins are belong to the top 10 altcoins in CMC ranking such as ethereum, ripple or binance. While other keep on dumping or staying the same price level. Bitcoin dominance still conquering the market and I think anytime other altcoins will follow the same track. There is a correlation between altcoins and bitcoin but most of the time they are negatively correlation.

[thichtieuthuong]

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

If you want to check if this is really correct I can show you as an example. When Bitcoin rises, altcoins also turn to rise and when Bitcoin falls, altcoins fall. you can see it on coinmarketcap.

[kapalmabur]

altcoins do not follow the bitcoin rally, you should know that, yes even though there are altcoins that follow bitcoin,
but almost all altcoins when the price of Bitcoin goes up altcoins will experience sideways and even dumps,
don't choose altcoins carelessly if you don't want your portfolio to decrease

[Hamphser]

altcoins do not follow the bitcoin rally, you should know that, yes even though there are altcoins that follow bitcoin,
but almost all altcoins when the price of Bitcoin goes up altcoins will experience sideways and even dumps,
don't choose altcoins carelessly if you don't want your portfolio to decrease

You are right! They don't correlate from time to time because altcoins doesn't really always connect on how bitcoin moves and as mentioned you would
really be having a hard time on recovering or breaking even if you do make those kind of assumptions basing off on whats the trend between
alts and bitcoin itself. Try to observe and if you've been on this market for a while then you would really able to tell those differences.
You should always stick into those best or top rank ones when they do correct in price, always buy in the dip and when the time it recovers
then that will surely be a profit.

[Wulan_maniez]

Unfortunately for most altcoins, if the price of Bitcoin rises, there will be a down trend risk to altcoins. Altcoins look very
weak compared to BTC. Because from a fundamental point of view, all cryptocurrencies are currently under pressure by
Bitcoin. While not all altcoins have declined if bitcoin has a rally. There were some altcoins that went up when bitcoin rallied.

[Viscore]

~snip~
......always buy in the dip and when the time it recovers then that will surely be a profit.

Do this strictly on bitcoin only and you'll never have a problem, it's a guaranteed profit in the long run, bitcoin will dump due to correction but it always bounce back strong although some experts call it a bubble and when it dump it will not recover anymore.

Bitcoin and us just keep proving them wrong everytime.  

[speedforce]

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

The correlations is the money from investor that move from many ALTS to BTC and also some top Alts to ride the price. Same happen when BTC sideways, theres money move from BTC to ALTS so the ALTS up.

[bearexin]

Altcoins will always follow Bitcoin no matter which direction bitcoin takes, it could just take a bit of time. You could realize that when bitcoin goes up, alts go up a bit later, so it is still the same direction, but just a bit more later than usual and that's it.

This is why I think it is quite important to actually get into alts at the right time, if you could get in at the right time you could make a lot of profit from it. And of course I think it is quite important to invest into bitcoin as well, because it can rally really high very quickly all before everything else, you could profit from it even today after it has increased so much.

ETH went up like 3x so far and I think there is room for at least another 3x increase this year, as long as that eth 2.0 is real we can see much bigger increases. All in all I see big potential for 2021 to be one of the best years ever.

[Genemind]

Bitcoin price is inversely related to altcoin price. Whenever Bitcoin price goes up, altcoin price goes down since people sell their altcoins to buy bitcoin. People buys back their altcoin once Bitcoin price correction occurs or it becomes stable.

[bryant.coleman]

Bitcoin price is inversely related to altcoin price. Whenever Bitcoin price goes up, altcoin price goes down since people sell their altcoins to buy bitcoin. People buys back their altcoin once Bitcoin price correction occurs or it becomes stable.

That is not the case. I have seen exactly the opposite during the last 8 years. Whenever the Bitcoin prices go up, the altcoin prices also show an increase. Even during the current rally, you will be able to notice this. Altcoins such as Ethereum have gone up by more than 200%, which is comparable to the gains made by Bitcoin recently. There may be a few exceptions, but most of the altcoins show an increase in their exchange rates.

[Argoo]

altcoins do not follow the bitcoin rally, you should know that, yes even though there are altcoins that follow bitcoin,
but almost all altcoins when the price of Bitcoin goes up altcoins will experience sideways and even dumps,
don't choose altcoins carelessly if you don't want your portfolio to decrease

In the second half of 2017, when Bitcoin began to rise sharply in price, almost all altcoins also experienced strong growth. The next year, when the price of bitcoin dropped 70 percent, altcoins fell in price by 90 to 95 percent. Now the growth of altcoins after bitcoin is observed, however, altcoins are growing in price very slowly. Moreover, some show relatively good growth, others are very weak, and still others even practically stand still or even fall a little. Probably, it should be so. Everything should depend on the prospects of our coins and tokens.

[chichidori]

altcoins do not follow the bitcoin rally, you should know that, yes even though there are altcoins that follow bitcoin,
but almost all altcoins when the price of Bitcoin goes up altcoins will experience sideways and even dumps,
don't choose altcoins carelessly if you don't want your portfolio to decrease

In the second half of 2017, when Bitcoin began to rise sharply in price, almost all altcoins also experienced strong growth. The next year, when the price of bitcoin dropped 70 percent, altcoins fell in price by 90 to 95 percent. Now the growth of altcoins after bitcoin is observed, however, altcoins are growing in price very slowly. Moreover, some show relatively good growth, others are very weak, and still others even practically stand still or even fall a little. Probably, it should be so. Everything should depend on the prospects of our coins and tokens.

Back in 2017 that was fomo and panic traders begun buying every atlcoin that has potential to grow and some have fallen into scam ICO, altcoin market is tricky right now you might lose a lot if your not careful but you can profit from the price volatility but i`ll leave that to the expert.   

[poodle63]

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.

Mainly it's because other coins more specifically alts paired with BTC in so many exchanges thus BTC as an indicator for a coin. But you will see how alts usually got dumped its value in BTC but instead its value in USD rising.
It's just how most of people picture it by pairing it to BTC really, not a rare occasion where alts just get outright crushed because the market cap got seized by BTC. there's just no obvious pattern that these alts follows.

[Miaallen]

That used to be the belief until the ongoing bull run. Most of the altcoins don't really follow the price rise as expected. It is only ethereum that does a little better. The rise in the price of XRP we saw few weeks ago was as a result of it being required to be eligible for an airdrop and the moment the snapshot took place, it got dumped again before the Sec attack on it.

[Noctis Connor]

Bitcoin price is inversely related to altcoin price. Whenever Bitcoin price goes up, altcoin price goes down since people sell their altcoins to buy bitcoin. People buys back their altcoin once Bitcoin price correction occurs or it becomes stable.

That is not the case. I have seen exactly the opposite during the last 8 years. Whenever the Bitcoin prices go up, the altcoin prices also show an increase. Even during the current rally, you will be able to notice this. Altcoins such as Ethereum have gone up by more than 200%, which is comparable to the gains made by Bitcoin recently. There may be a few exceptions, but most of the altcoins show an increase in their exchange rates.

Its true some altcoins are being pump whenever the bitcoin price increases its volume you can see there are lots of investors nowadays and they choosing different coins which is good for all holders bitcoin which you can make a good profit from its volatility whenever the price changes time to time. And somehow those coins are coincidence with bitcoin when those such price goes up and still growing by the day bitcoin is still the mother of all coins it is like her babies that mothers needs to support to grow them.

[arabianhorse]

BTC Rally is followed directly by eth. Even if you don't move the price of other altcoin, eth will move. There is a specific price difference between Bitcoin and ETH. If the price of Bitcoin increases more and the price of Eth decreases, then it will be equal between the specified period.

[aemma]

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

The market has changed tremendously from what it's used to be or from what is normally experienced. Before now, when Bitcoin rally Altcoins doesn't because a lot of people always move funds to Bitcoin in order to profit more from it, hence causing the dump of altcoins. But nowadays, with Bitcoin rally some altcoins are still moving up which are mostly within top 100 in coinmarketcap, but their movements however can't be compared with that of Bitcoin. On the other hand, most people are still believing there will be an altcoin season, but that looks like it is going to be tough because Bitcoin dominance is not slowing down and Bitcoin on the other hand is looking towards leaving another ATH. Therefore, to answer the question to the best of my understanding, I would say a very little number of altcoins follow Bitcoin rally.

[Japinat]

BTC Rally is followed directly by eth. Even if you don't move the price of other altcoin, eth will move. There is a specific price difference between Bitcoin and ETH. If the price of Bitcoin increases more and the price of Eth decreases, then it will be equal between the specified period.

If the price of Ethereum has decreased but Bitcoin has increased, then the price of Ethereum has decreased for only a moment. Going back up in my opinion. but if Bitcoin goes down a lot then everything will return to its old price.

Good thing bitcoin doesn't dump yet, and though ETH has increased $730 today, I think it will not reach $1,000 by the end of the year and the moment bitcoin will start to dump, ETH will have the same fate. The market is still about FUD and FOMO, we are in FOMO now, but correction starts, FUD happen.

[Vishnu.Reang]

Other altcoins have experienced less surprising increases than Bitcoin. It's not that obvious to see altcoins growing slowly.

How many of the altcoins are having real life usage? Also, the current rally was triggered by integration of Bitcoin by PayPal and Square. The altcoins are having no role in this spike, and it surprises me that some of the alts have managed to go up by 100%-200% during the last few months. But in the coming months, I expect the altcoin market share to decrease steeply. They will be unable to maintain current levels, at which they are clearly overpriced.

[coiner-88]

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. We can hold it until the bitcoin value breaks the following exorbitant cost or sell it at the current cost. Despite the fact that there are still situations where Bitcoin will be on the run and a great many people will sell their altcoins to be important for the development inside Bitcoin, anyway this is seen significantly in other altcoins not among the top.