Why when the BTC goes up the ALT goes down?

[Sun2k]

Hi all,

I don't understand why when the BTC goes up then the ALT goes down?

Can someone explain me why?

Thank you

[jackg]

Probably what people do.

High cap alts kufht have larger fiat audiences so when they see btc going up but bit their alts, they might move across.
Also if the same thing happens over and over they'll think they're better off converting to btc, waiting for that to pump, and then converting back. And realistically, a lot of new retail investors will be more interested and will have heard about it than altcoins so the predictions of a pump from new money would put btc rising a lot faster than alts (at first) .

[garlonicon]

This article explains it well: https://nakamotoinstitute.org/mempool/hyperbitcoinization/

But still, that's not always the case. I am mining some CPU-based coins and there I can see the opposite: the BTC price in fiat increased and CPUchain price in BTC (sic!) goes up. So, it really depends on the market, some alts dropped, but some unexpectedly raised.

[ryzaadit]

BTC Up = Altcoin Down.
BTC Down = Altcoin more Down.

The reason, when the Bitcoin Up they try to look at a profit from bitcoin and decide to trade their Altcoin into Bitcoin this action was also to prevent the estimation bitcoin of your altcoin got a loose situation.

Same as when BTC Down, to prevent more loss they decide to switch up to FIAT for not getting more lose and because the price was down every stop lose order will be active that's will make more pressure on the market.

Keep the altcoin when Bitcoin Down can make you double lose, you will got a lose from the price altcoin you are buying and the bitcoin estimation when you are buying the altcoin using bitcoin pair.

[covfefe_]

People sell their alts holding and buy more bitcoin if they find bitcoin is climbing more than altcoins. In the past, every rise and fall of bitcoins price were mostly matched with alt pairs as cashing in and out were difficult. So, there were alts price rise alongside the price of BTC. But as we have a lot of stablecoins option, alts are just forgotten on a bull ride.

[isaac_clarke22]

Bitcoin probably increase the first one and due to that. People tend to feel like they're missing out that's why they sell all their alts to Bitcoin and hodl for it without leaving something for a little bit even for the alts.
Just my thinking though since BTC pretty much is their solid ground mostly when it comes to investment.

[kindbtc]

Hi all,

I don't understand why when the BTC goes up then the ALT goes down?

Can someone explain me why?

Thank you

This happens mostly when bitcoin is dominant while when the market is ranging and volume is well spread across the market then both the btc and alts tend to move along eachother now I think the market is signally btc first mover advantage and btc is expected to move massively upwards and lead the bulls.

[cabron]

Altcoins holder are selling when btc start rising up. Their sell orders are taken on the exchanges making the altcoin price dumped. Its not usual that users will sell their coins for BTC because its BTC that we see the most valuable among cryptocurrency.

[Em00n01]

When BTC goes up people shift their money to BTC to take the profit from pump. That's why it's causes a huge sell of and they take re-entry after BTC get stable. I think it's the main reason behind this.

[tvplus006]

...I don't understand why when the BTC goes up then the ALT goes down? ...

This is not always the case that with the growth of BTC altcoins are falling in price. In most cases, altcoins follow bitcoin in the bull market. But when investments in bitcoin look more stable and promising than in altcoins, investors sell altcoins to buy themselves BTC.

[DarkDays]

When Bitcoin pumps all the money gets poured into Bitcoin, it being the largest crypto by marketcap gets all the attention. This in turn helps it achieve even higher highs before eventually settling.

Meanwhile the Alts aren't doing so well because everybody or a large amount of people turn their attention to BTC and pour their money into it, the craze goes down when BTC stops showing a +ve uptrend and those people then continue turning back to ALTS.

Since, we are now in the 1st phase of the cycle, we should start preparing for the 2nd phase which will happen sooner or later.

[Santri]

I know that when bitcoin pump, a lot of people try to sell their altcoins to switch to bitcoin because that way they will get profit, but those are just some of the articles that I read and for the truth we do not know

[fishbonez11]

Hi all,

I don't understand why when the BTC goes up then the ALT goes down?

Can someone explain me why?

Thank you

There are different reasons like XRP, it goes down since it is facing an issue with SEC. People are panicking and in result the price goes down so hard. There are a lot of coins available in the market and people can jump from one coin to another. Bitcoin remains the King since it is more well adapt and more consumed by companies and institution. Knowing the big companies that come in, there is no way for Bitcoin but up.

[JeromeTash]

It's because the of the Bitcoin dominance  which initially seemed to be dropping but has been rising since the rallying of bitcoin past $20,000. If you look at the bitcoin dominance charts, you can clearly see how it's increase affects how the alts perform during the bull run. They usually don't perform well as compared to Bitcoin

[DoublerHunter]

^ Not always but mostly yes. When bitcoin increased, alternative coins tend to decrease because people who have those alternative coins would like to profit so they sell their assets and convert them to bitcoin. Either way, people are still trying to profit as it should be.
Do not be surprised with that already, all you have to do is to learn the system and dominate it the same as the people do here. Don’t forget to get in touch with pioneers to learn more.

[crzy]

There’s a demand for Bitcoin and people are too focused on that so the altcoins are being left behind because we can’t force someone to buy bitcoin and altcoins at the same time. Bitcoin goes up then some altcoins will not, but time will come for the altcoins season, we just have to wait for that.

[viananda2525]

bitcoin goes up and altcoin drop , why ? it caused most of traders convert their altcoin to bitcoin, with massive selling in altcoin ofcourse will effect its price too, people want as fast as followed bitcoin bullish train and selling be their option to earn profits. but this condition not always happen to market , there are situation which is bitcoin and altcoin move parallel.

[yohananaomi]

bitcoin goes up and altcoin drop , why ? it caused most of traders convert their altcoin to bitcoin, with massive selling in altcoin ofcourse will effect its price too, people want as fast as followed bitcoin bullish train and selling be their option to earn profits. but this condition not always happen to market , there are situation which is bitcoin and altcoin move parallel.

Usually it is true that our friends say that the movement of bitcoin and altcoin is always parallel, but for a while ago, altcoins were unable and able to follow the movements made by bitcoin. because the movement is not as usual but it moves up and down very quickly even in a matter of days. Altcoins are unable to be able to move like bitcoin, coupled with the beginning of the number of people changing their altcoin to become bitcoin even though it seems forced, of course because of the already high price.

[Koutami]

Hi all,

I don't understand why when the BTC goes up then the ALT goes down?

Can someone explain me why?

Thank you

Some alt investor take their money to ride bitcoin price, so demand in alt decreased then price down.

[speedforce]

Hi all,

I don't understand why when the BTC goes up then the ALT goes down?

Can someone explain me why?

Thank you

Some alt investor take their money to ride bitcoin price, so demand in alt decreased then price down.

I agree, they prefer to swap their ALT to Bitcoin to take the opportuniyy and try to avoid some loss of holding ALT