It's become hard to understand altcoin movements.

[The Cryptovator]

For a few months, I had far from alt trading although sometimes play with BTC/USDT trading. But due to bull markets I thought should again play with alts since whole alt markets have not yet recovered. Sadly I regret to see alt movements, it's become very hard to understand. Because when a dump happens on Bitcoin price then we encounter an immediate action in major altcoins. Alts just follow the Bitcoin trend. But surprisingly when BTC recovers after a dump, then alts aren't following bitcoin trends but still dumping more. I am not a tech guy, so just follow the trend. But seems the trend also missing lately due to alt behavior. If always happen like that then most likely I will have to lose my portfolio again like last bull in 2017.

Do you have any thoughts on how should trade with alts in this situation?

[semobo]

Due to the increase in the number of existing cryptocurrency the market is getting further diversified its total market cap while the top coins like ethereum, bitcoin and many coins continuously on the rise then the remaining coins become more fragile due to the emotions of people who are holding them for longer. Simply halting altcoin trading is good for the holders at the moment or they should go with stable coin pair in short time candle sticks to make some quick bucks.

[ryzaadit]

-snip-

There has2 pairs you should see.

USD estimation and BTC pair, so when the dump or increase need to see from where the altcoin was an increase. Altcoin need sometimes to gain momentum again especialy on btc pair while bitcoin was moving up or down, the real profit is when bitcoin pair of that altcoin was moving but.

But as always, even you are losing on bitcoin pair since bitcoin price increased the estimation fiat of your altcoin could be profit. I'M just following a history since we have on all-time high price and don't know when the bubble blow up I avoiding to day trading.

[youdacapt]

Do you have any thoughts on how should trade with alts in this situation?

The best way to trade with alts this season is to buy low or the bottom and sell when  you are in profit, but before doing so; you need to dyor and figure out a strategy for each altcoin with which you want to trade; you then figure out your price entry, when to take profit; and when to exit trades, you must also use stop loss, because the altcoin market is a volatile space

[Renampun]

I see on average Altcoin is a centralized coin...
which means the value of the coin can actually be regulated by the coin developer if they have a large amount of capital. that's the reason why if you want to know the price movements of an altcoin then you have to keep an eye on their social media or their site, maybe there are clues.

[Coyster]

Quite a lot of things are happening on the Bitcoin network, the influx of institutional Investors, only but little price corrections as well as the Bitcoin community hoping that sudden significant plunges/'bubble burst in Bitcoin price is all but over, I think all this creates a change in the network and makes it somewhat difficult for alts to follow the BTC trend and establish a price movement that traders could easily follow.

Having said that, it wouldn't be a bad idea to just pick a couple of good altcoins, ethereum for example and hodl for the meantime, while still studying the trends to see if you could establish an acceptable/working strategy, following the trend at this time could incur losses for you. Ethereum is doing quite well in the market, it has broken it's previously held ath, and it's community is ever growing, it's a very good option amongst alts to hodl for the long term.

[kaya11]

For a few months, I had far from alt trading although sometimes play with BTC/USDT trading. But due to bull markets I thought should again play with alts since whole alt markets have not yet recovered. Sadly I regret to see alt movements, it's become very hard to understand. Because when a dump happens on Bitcoin price then we encounter an immediate action in major altcoins. Alts just follow the Bitcoin trend. But surprisingly when BTC recovers after a dump, then alts aren't following bitcoin trends but still dumping more. I am not a tech guy, so just follow the trend. But seems the trend also missing lately due to alt behavior. If always happen like that then most likely I will have to lose my portfolio again like last bull in 2017.

Do you have any thoughts on how should trade with alts in this situation?

I thought I was the only one that noticed on what you have observed. My only guess is that the past altcoin holder are way too many than we havr expected. Maybe they did not yet sold their alts to cut loses but instead hodl for a time like these. Where new investors come and they have taken then choose to get out as much as they could. I also think that way, I thought my alts that I bought last 2017 was never coming back to the way it was or gain from them. I was happy to sell them with 80 percent of the original bought price, and I cash it out to start a new.

[Sterbens]

That's right, I experienced this too, armed with the excuse that seeing altcoin growth almost all of a sudden, as a trader who doesn't want to be left behind I jumped back into the altcoin and instead forced to wait the wrong way, creating queues at green time was a mistake. so I only have 1-5 minutes to resell it (not to hold). like playing table tennis. however there is a risk of being covered when the dump does not recover. all left at a high price. while the bitcoin trend is undergoing a sad correction, altcoin are getting carried away.

[memyselfandi]

The crypto market right now is so sad and hurtful to view. All I am seeing is red and declined graphs. I am starting to think that bull run is over and top coins are declining also. Btc dropped from $50k to $47k in just few days along with eth.

[sheenshane]

Theoretically and technically speaking regarding Bitcoin price movement and the other altcoins have an almost similar pattern.  IMO, just probably because when people tend to buy altcoins they need to buy Bitcoin first through fiat and then altcoins to trade.  Presumably, that's might the reason that I have seen here, so when Bitcoin goes down the price, there's a price trend of course.  So it's really hard to determine where those altcoin heading at or they can so it's your capital able to survive.

I suggest sticking on top 10 altcoins that have the potential of making a profit, it's very risky to if you don't even know what you have invested, it might wipe out the amount in your portfolio.

[roosbit]

The rules haven't changed!

We still buying low and selling high and if this is in connection with the recent drop I honestly think we should all have expected a correction to happen after the bull run.

Going forward if we have to give ourselves the edge over the market we need to learn how to read charts to better our trading skills,waiting to ride the wave of bitcoins success isn't enough.

[Gozie51]

Sadly I regret to see alt movements, it's become very hard to understand. Because when a dump happens on Bitcoin price then we encounter an immediate action in major altcoins. Alts just follow the Bitcoin trend. But surprisingly when BTC recovers after a dump, then alts aren't following bitcoin trends but still dumping more. I am not a tech guy, so just follow the trend. But seems the trend also missing lately due to alt behavior. If always happen like that then most likely I will have to lose my portfolio again like last bull in 2017.

You know already that bitcoin controls the market flow. When bitcoin bull after some time , altcoins will grow in green and the bear happens the same way.

But your concern is the recovering of bitcoin does not show same for altcoins. This is not all altcoins. Top altcoins will manage to stable again, and low profile altcoins may not drive back to the point where it was because it is just a hype and pump coin, no strong team. Next time you need strong altcoins to invest.

[wxa7115]

For a few months, I had far from alt trading although sometimes play with BTC/USDT trading. But due to bull markets I thought should again play with alts since whole alt markets have not yet recovered. Sadly I regret to see alt movements, it's become very hard to understand. Because when a dump happens on Bitcoin price then we encounter an immediate action in major altcoins. Alts just follow the Bitcoin trend. But surprisingly when BTC recovers after a dump, then alts aren't following bitcoin trends but still dumping more. I am not a tech guy, so just follow the trend. But seems the trend also missing lately due to alt behavior. If always happen like that then most likely I will have to lose my portfolio again like last bull in 2017.

Do you have any thoughts on how should trade with alts in this situation?

What happens is that there has been a fundamental change in the market, in 2017 the bitcoin dominance was way lower because there was this idea in the mind of many investors that an altcoin could surpass bitcoin and become the new kind of this market, and there was a point during that year before the segwit upgrade went live in which ethereum was close to surpass bitcoin in terms of market cap.

Since then we have understood one thing, bitcoin is the king of this market now and forever, and when we add the amount of scams that happened a great deal of scepticism has taken place as people do not want to get scammed anymore, when you add all of that and the fact that it seems bitcoin is becoming a store of value then it is natural that we are seeing what we are seeing, altcoins are no competition for bitcoin and their movements will not be anywhere close to what we saw in 2017, so if I were you I will stay away from altcoins from now on.

[XCANA]

Basically, there isn't a new mean to trade altcoins, the trade still remains through the buying of digital coins through the fiats and later use the digital (bitcoin) coins to purchase altcoins of your choice.  Though the market seem different from what we know it to be, but buy every altcoin through bitcoin seem good and profitable. You can try this method in Binance exchange which i have used and study carefully.

[Tipstar]

Still the altcoin market is directly related to the price movement of bitcoin. And Elon Musk, an individual billionaire has been a large factor affecting the price. The recent rise in price of cardano while other coins are falling is attributed to the news that Elon Musk has bought a significant amount of cardano (which is probably a fake news). One may argue that alts market is not mature enough but every market works in mysterious and silly ways.

[Murpheus]

All I can say is... Its like a black Friday for cryptocurrencies....
Just making room for more investors to want an in...
Already someone has already talked about diversifying....
Its like those who were holding altcoin are swapping them to get major coins...
Its what I did... Or would do...

[Maslate]

I don't see it difficult when it's happening that when bitcoin dump, altcoins dump.

It means alcoins follow's bitcoins trend, you just need to follow the trend also that happens 99% of the time.
The volatility is still there, altcoins is even high volatile than bitcoin and some altcoins are already seen with huge increase already.

[coinswebid]

altcoins movements is unpredictable, so its better for us to buy and hold the best altcoins mate such as ethereum, ada or BNB
and we don't need to be in front or the chart everyday, the key is how we choose the right alts for long term investments

[Ridwan Fauzi]

If pay attention, altcoin movement will be soared when bitcoin price in sideaway market especially in low time frame. I feel like yours when I saw altcoin price movement and this thing has been discussed many time in this altcoin disscussion.

Also, an altcoim that has a good fundamental factor will give you a huge reward. I always update the news especially from cointelegraph to see new information comes. If there is an altcoin that has a good fundamental then I'll start to buy and set the target price after that I'll find another altcoin. Yeah, short term investment is really suitable rather than for long term investment.

[ahoenk]

Its hard to predict maybe because there is alot of altcoin launch everyday and also there is a new player coming in from stock market, i dont do trading now, only invest in new and legit project i believe will gives me 100x profit. Maybe it could be XSL Labs product.