Is Altcoins Follow BTC Rally?

[DamonWilliam]

Bitcoin is dominating the coin market cap and the whole market will follow BTC. Most of the coins are priced in BTC so it is obvious that when Bitcoin starts booming all the other altcoins will pump. BTC is representing all the cryptos and if BTC stays at this level I believe all the cryptocurrencies will increase.

Bitcoin, since it is the most important cryptocurrency on the market, really has a great influence on other coins, on another part of the cryptocurrency market, but there are also not a few cases when coins can grow due to the development of their own project, or fall in price due to scam / deception of their partners

[mirakal]

I would suggest you to move away from altcoins other than the top 10 altcoins. Then go with bitcoin for the long term.

This is a safe suggestion, the top 10 altcoins normally are strong altcoins because they have good volume and they usually survive from long bear market in the past, however, it's not also bad to look at some risky altcoins for a higher reward, at the end of the day, what matters is the right portfolio management using a proper risk management system.

[Ronny29]

Yesterday i saw this information from Cointelegraph "Top 5 cryptocurrencies to watch this week: BTC, ETH, DOT, AAVE, SNX".
Good read and I thinking about investing in DOT.
https://ct.com/9b67

[Willitivity]

The whole market will follow BTC, however only big alts worth attention

Exactly the whole crypto market follows bitcoin's price movement, because bitcoin is spare heading the crypto market and whenever there's a bull run like this altcoins always try to pump just like bitcoin, but just as you said only the top altcoins coins always gets all the attention of the investors looking to making profit off the bull market.

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

It's already on,for about a week plus now, top altcoins have been pumping massively, most of them have even made new highs, so I guess this is the altcoin season we were excepting all this while.

[Wipeout2097]

Altcoins mainly take after Bitcoin,Its because pair with Bitcoin.it may fair take a bit of time. It is experienced that when bitcoin rises, Alts also rise bit afterward, so it is still the same course, but fair a bit more afterward than normal. It is good to increase portfolio of good altcoins if you missed the rally of Bitcoin,Because still some altcoins like Polkadot,Cardano,Bnb,Zen etc have great potential to hit on peak in near future.

[Dessy88]

I want reply your topic yes or not because some altcoins do follow btc price and some altcoins do not follow btc price. Even almost many altcoins going to up after when btc price make a stable rang. This is clear mention if btc price gonna down day by day then many altcoins price gone to down with same style.

[SaShiRaJaVu]

I know many investors who are suffering from holding old altcoins that have been laying down in the dumps like anything. The best way to get out of them is to sell at whatever value possible and then forget about them. You might be at a loss, but it is better to move on and accept the loss than keep holding them.

Not sure about old altcoins but i am still holding tokens which were hyped during the ICO boom and during the last rally it gave many opportunity to book the profit but after the correction mostly all of the coins went down drastically and some of the coins are worth a satoshi right now and showing no signs of any movement, already accepted the loss but the volatility is also less to sell everything.

[kawetsriyanto]

BTC and Altcoins have a correlation, we cannot avoid it. As the main pairs of most altcoins, when the Bitcoin price drops very big, it should bring impacts on the value of altcoins. We can see it easily, an increase in Bitcoin can trigger the improvement of altcoin prices. But when the price of Bitcoin drops significantly, then the price of altcoins will follow to decline hardly.

[Wawa2013]

Of course the Altcoins movement has always followed Bitcoin's movement, because the market is always dominated by Bitcoin and also Bitcoin as
the mother of the cryptocurrency will always affect the price movements of altcoins. I've even invested in Bitcoin and altcoins for more than
4 years, always look at Bitcoin pump  first  after that followed by an increase in the price of altcoins. This happened over and over again, so be careful
if the Bitcoin price dumps suddenly, it won't take long for the altcoin price to dump too.

[MarcAss]

Based on this market of BTC , yes it is. Altcoin is just an alternative to Bitcoin that is why.

[magneto]

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

Generally a positive correlation.

But that is not to say that you can expect each individual alt to move in accordance with BTC markets. This used to be the case when the biggest alt out there was LTC (many years ago), but it is entirely different now.

With the current market conditions, you have to consider each alt on a case by case basis. ETH and XRP are moving in entirely different directions - yet, they would both fall under the umbrella category of "large-cap alts".

[Nisterse]

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

Because Bitcoin (BTC) is the standard for Cryptocurrency thats why most altcoins are moving too as BTC moves up or down. ETH, XRP and LTC, if you look at their chart, they are similar to what BTC chart is going after.

[Nazmul012]

In my opinion, the correlation between bitcoin and altcoins is, seeing the blasting price of bitcoin, many altcoins holders can't control themselves, sold their assests for investment that fund on bitcoin & enjoy the blasting value advantage. that is why so called altcoins are get drop badly but due to having large trading volume of top altcoins, people also investing on those but a little.that is why those top altcoins pump but slightly

[Alohadanc3]

Yeah, for me it's a big yes. Normally after a big btc pump we see altseason. And for last few months btc pumped very well. And with btc many coin show good upside move. But after btc stalbe at a good point other altcoins are booming now. Some ofbthem even give 2x-3x in terms of profit.So the altseason is already running and if btc go more top other coins alsongige more profit.

[Inspiron14]

In my opinion, the correlation between bitcoin and altcoins is, seeing the blasting price of bitcoin, many altcoins holders can't control themselves, sold their assests for investment that fund on bitcoin & enjoy the blasting value advantage. that is why so called altcoins are get drop badly but due to having large trading volume of top altcoins, people also investing on those but a little.that is why those top altcoins pump but slightly

before trading altcoins, indeed one of the most important things we have to understand is the correlation between bitcoins, and they are both correlated,
but only a few altcoins in my opinion are correlated with bitcoin, yup that is Ethereum, Bitcoin Dump, Ethereum dumps, and Bitcoin pump,
Ethereum is also a pump, the real correlation is seen in the market. but other altcoins tend to experience the opposite,
yes and have to wait for Bitcoin sideways or experience an accumulation phase and you will see an altcoin pump.

[Dr.Osh]

Of course the Altcoins movement has always followed Bitcoin's movement, because the market is always dominated by Bitcoin and also Bitcoin as
the mother of the cryptocurrency will always affect the price movements of altcoins. I've even invested in Bitcoin and altcoins for more than
4 years, always look at Bitcoin pump  first  after that followed by an increase in the price of altcoins. This happened over and over again, so be careful
if the Bitcoin price dumps suddenly, it won't take long for the altcoin price to dump too.

maybe in dollar price, altcoin price follows bitcoin price increase, but as we can see, currently bitcoin price has more dominant increase than altcoin. in fact, some altcoins have fallen or even expanded, in price. however, there haven't been any significant developments regarding the bitcoin pair, but at this point, we can see that not all altcoins are following bitcoin.

[Btc_1856]

Yesterday i saw this information from Cointelegraph "Top 5 cryptocurrencies to watch this week: BTC, ETH, DOT, AAVE, SNX".
Good read and I thinking about investing in DOT.
https://ct.com/9b67

Whatever he mentioned will always have an excellent chance to grab those coins. The above mentioned will always have a strong market, and those companies are actively developing the products and that's why they are tethering huge community, definitely, we need to grab those coins.

[manok jepang]

Yes, it is very clearing that altcoins always follow the movement of Bitcoin, For example, we can see in 2018 to 2019 when the price of BTC was very low, at the same time altcoins also dropped drastically, making altcoins sink in the crypto market at that time, in 2020 BTC experienced growth  very large, the price soared and in 2020 the new ATH was reached by BTC, at that time altcoin prices began to increase, even new coins appeared on the crypto market, from here I can conclude that BTC is the parent  of all altcoins,

[Justin999]

I think pump is depends on token's quality & roadmap. If project is good, team has fund then there is no prevention for any altcoins to get pump. But if team is scammer or owner of shitcoin, then how could anyone expect long term progress from that token? Although bitcoin also influence on altcoins market, altcoin market will crash if bitcoin crash!! But i think altcoin itself much more responsible for its pump or dump.

[republicrypto]

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

of course altcoins will follow the movements on bitcoin price mate
but when bitcoin start to grow, alt price will down for a while because a lot of people move their money to bitcoin
then after bitcoin price sideways, altcoins will start growing, thats what i see in this crypto market
regards