haidil
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July 26, 2021, 06:40:23 PM |
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FOMO. Fear of missing out or loosing is the reason why most cryptocurrencies rise and fall together. When people watch the market news and there's a negative news that they know will affect cryptocurrency market, they either pump and dump their current crypto holding depending on the kind of effect the news is predicted to cause. Nobody wants to lose so they do what they have to do. And as we already know, most of these coins are tied to BTC.
Covering the ears is one thing that must be done. avoid news that is risky to trade. Hold on long and go to a desert island for a few years. come back with market conditions that have grown big. That's the analogy I'm trying to apply, but in a simple realm. Not too ambitious to listen to and receive dangerous news. Karen I realized, as a small trader it could be a big risk.
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█▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | . 1xBit.com | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ | | | | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | │ | | │ | | ! |
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Dragonfund
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July 26, 2021, 10:57:10 PM |
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Op, you forgot Newton law of motion. Its applicable to anyone or situation which says "for every action there is equal and opposite reaction". When everyone is buying, the price tends to go up but as soon as everyone start selling, it will surely fall back and if that is done aggressively with fear, it might even be worse than buying because the whole thing might take uturn as in this case of rugged pull of hack. Never trade with Cryptocurrencies, I would be learning to trade Forex and I am still on the verge of leaning the Forex.
Why are you now in crypto, are you here for the knowledge or you have another agenda purposely for bitcoin?
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Wong Gendheng
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July 27, 2021, 05:03:52 AM |
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Observing the cryptocurrency market, we found that although most cryptocurrencies have price differences, most of them will fluctuate with the price trend of Bitcoin. When the price of Bitcoin increases, most other cryptocurrencies will also increase, and vice versa. Is this trend due to large accounts operating on multiple exchanges or countless retail investors carrying price differences? Or is it caused by other operations?
Many peoples say that not more than 100 speculators control crypto prices, of course this is difficult to prove but when I see bitcoin owners with a large portion then I now believe. Cryptocurrencies rise and fall together of course because most of the top 10 cryptocurrencies holders buy or sell simultaneously.
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jaminunit
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July 27, 2021, 05:07:09 AM |
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almost everything is a fork of a fork of a fork of bitcoin. If it's not a fork like IOTA then it's still psychologically linked.
Bitcoin represents the first-ever cryptocurrency / rare digital asset.
If people lose confidence in bitcoin represented by price then everything else follows suit.
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semobo
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July 27, 2021, 11:19:49 AM |
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Observing the cryptocurrency market, we found that although most cryptocurrencies have price differences, most of them will fluctuate with the price trend of Bitcoin. When the price of Bitcoin increases, most other cryptocurrencies will also increase, and vice versa. Is this trend due to large accounts operating on multiple exchanges or countless retail investors carrying price differences? Or is it caused by other operations?
Its simply due to the people emotions are driven by the bitcoin price movements, we all knows that bitcoin is the first and best cryptocurrency ever made so crypto community has high hope on it so all their decisions based on its movements which is why the price movements of other cryptos are proportional to the bitcoin.
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haidil
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July 27, 2021, 01:38:41 PM |
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Observing the cryptocurrency market, we found that although most cryptocurrencies have price differences, most of them will fluctuate with the price trend of Bitcoin. When the price of Bitcoin increases, most other cryptocurrencies will also increase, and vice versa. Is this trend due to large accounts operating on multiple exchanges or countless retail investors carrying price differences? Or is it caused by other operations?
Many peoples say that not more than 100 speculators control crypto prices, of course this is difficult to prove but when I see bitcoin owners with a large portion then I now believe. Cryptocurrencies rise and fall together of course because most of the top 10 cryptocurrencies holders buy or sell simultaneously. Simultaneously in terms of sales and purchases or what? maybe you can explain a little about the procedure that is said at the same time? I really want to know how it can be absolutely sure in a sentence Simultaneously, have they confirmed from one holder to another? as a person who does not know much about this, it would be very useful if you gave me a little picture.
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█▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | . 1xBit.com | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ | | | | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | │ | | │ | | ! |
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shogun47
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 27, 2021, 02:18:11 PM |
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Observing the cryptocurrency market, we found that although most cryptocurrencies have price differences, most of them will fluctuate with the price trend of Bitcoin. When the price of Bitcoin increases, most other cryptocurrencies will also increase, and vice versa. Is this trend due to large accounts operating on multiple exchanges or countless retail investors carrying price differences? Or is it caused by other operations?
Many peoples say that not more than 100 speculators control crypto prices, of course this is difficult to prove but when I see bitcoin owners with a large portion then I now believe. Cryptocurrencies rise and fall together of course because most of the top 10 cryptocurrencies holders buy or sell simultaneously. Simultaneously in terms of sales and purchases or what? maybe you can explain a little about the procedure that is said at the same time? I really want to know how it can be absolutely sure in a sentence Simultaneously, have they confirmed from one holder to another? as a person who does not know much about this, it would be very useful if you gave me a little picture. No this has nothing to do with a cartel or syndicate of people who are intentionally controlling the price such that all cryptocurrencies follow whatever Bitcoin does. Bitcoin is the entry and exit coin for almost any other cryptocurrencies. There is a trading pair for 99% of the coins listed in X/BTC. That's the first reason. The second reason is that Bitcoin is the de facto precursor for anything to come for the industry as a whole. If there are news that hit Bitcoin ugly in the face, it also hits all other cryptocurrencies in the face. When regulators pass a law that weakens Bitcoin, the same counts for all other coins. Bitcoin as a term works like a placeholder for all other cryptocurrencies as well. I often talk about Bitcoin but mean the whole industry. It just is the easiest way to convey your thoughts to someone who might not be all too familiar with the scope of the whole industry/market to just use the word Bitcoin instead of mentioning specific coins one by one.
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petyang12
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July 27, 2021, 09:34:06 PM |
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This is because the investors in other coin will also sell their coin when the price fall when the other investors also sell their coin. If they didn't sell their coin then they won't have the chance to sell their coin at the price before the fall. Who would've wanted to sell late than on time. Other cryptocurrency are made because of bitcoin so it is also the reason why most crypto also rise and fall together.
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n0ne
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July 27, 2021, 10:49:55 PM |
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Almost every cryptocurrency available on the coinmarketcap is interlinked to the Bitcoin. This interlinked functioning makes the market of most cryptocurrencies rise as well as fall together depending on the market progress and fall of bitcoin. Cryptomarket has some cryptocurrencies that are almost same by development and has similar usecases. These cryptocurrencies too grow and fall together.
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arwin100
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July 27, 2021, 11:02:16 PM |
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Observing the cryptocurrency market, we found that although most cryptocurrencies have price differences, most of them will fluctuate with the price trend of Bitcoin. When the price of Bitcoin increases, most other cryptocurrencies will also increase, and vice versa. Is this trend due to large accounts operating on multiple exchanges or countless retail investors carrying price differences? Or is it caused by other operations?
Its simply due to the people emotions are driven by the bitcoin price movements, we all knows that bitcoin is the first and best cryptocurrency ever made so crypto community has high hope on it so all their decisions based on its movements which is why the price movements of other cryptos are proportional to the bitcoin. with the largest capitalization in bitcoin, it is not surprising that the movement of bitcoin is used as a parameter for the movement of other coins, considering that when bitcoin is green, many other coins will follow it and vice versa. And also bitcoin is used to trade other altcoins thats why when we see bitcoin dump the other follows to thatsnwhy its not surprising to see the downfall of the market and we can make bitcoin as indicator to buy some cheap altcoins available in the market. Other cryptocurrency are made because of bitcoin so it is also the reason why most crypto also rise and fall together.
Other big company create the idea to tokenize their projects thats why we see so many of them popping up out of no where. But actually there are few coins or tokens are totally independent since we can see that some of them pump up even if the market is going down.
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LUCKMCFLY
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July 28, 2021, 02:00:08 AM |
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The main reason why all or almost all currencies rise and fall almost the same is because they depend on the movements of BTC, that is, the only currency that has a life of its own is BTC and without BTC there would be no alts, or tokens, because BTC is the one who gives life to all.
Those currencies that go up in price and down, even go up in price when BTC goes down is because they are dependent on the pump and dump, however there are many who claim that ETH will no longer have any type of correlation with BTC, which seems to me to be impossible There is no possible scenario where this can occur, however each person has their opinion. But since the market is, and since ETH is dependent on BTC, it is obvious that the correlation will remain the same no matter what.
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bussybuddy
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July 28, 2021, 02:40:44 AM |
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It depends on a lot of factors like trends, news, sentiment, etc. And it's not entirely true, I know it's a reflection of what's going on, what people are going through focus in the market, and before each bull run we see the circulation of money into the market, and the inner circulation of the market.
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Sithara007
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July 28, 2021, 03:10:08 AM |
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This is something that will never change. Altcoins always take advantage of the Bitcoin bull runs. The recent spike was attributed to rumors linking Amazon with Bitcoin. Altcoins are nowhere in the picture, and yet they went up by 20% to 30%, depending on the coin. And this has been the case for sometime. Whenever Bitcoin moves up, it takes altcoins with it (partly because the alts are mostly traded against BTC). And when the Bitcoin prices crash, the alt prices also go down because of the same reason.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
AVATAR & PERSONAL TEXT Leading Crypto Sports Betting & Casino Platform Feel free to drop your doubts bellow Report to moderator ♠ ♥ ♣ ♦ ▬▬▬ ▬ Stake.com / Play Smarter ▬ ▬▬▬ ♠ ♥ ♣ ♦ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ L E A D I N G C R Y P T O C A S I N O & S P O R T S B E T T I N G Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Strongkored Legendary * Online Online Activity: 2072 Merit: 1061 View Profile Personal Message (Online) Trust: +0 / =0 / -0 Ignore Re: [OPEN]Stake.com NEW SIGNATURE CAMPAIGN l NEW PAYRATES l HERO & LEG ONLY May 31, 2022, 08:28:59 AM Reply with quote +Merit #2 Bitcointalk Username: strongkored Profile Link: https://bitcointalk.org/index.php?action=profile;u=640554Post Count: 5040 Forum Rank: Legendary Are you able to wear our Signature, Avatar & Personal Text? will wear upon receipt Stake
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Shenzou
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July 28, 2021, 10:19:22 PM |
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Not really sure how they rise and fall together, but i have a theory that when there are news about bitcoin that are going to drive the price up, you see a lot of people who are involved in crypto move their focus and resources on trading bitcoin in order to maximize their profit, so they stop trading the other currencies which creates this demand, that drives their prices a bit and higher price creates more demand, at least that is from my point of view
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shogun47
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July 28, 2021, 11:37:26 PM |
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The main reason why all or almost all currencies rise and fall almost the same is because they depend on the movements of BTC, that is, the only currency that has a life of its own is BTC and without BTC there would be no alts, or tokens, because BTC is the one who gives life to all.
Those currencies that go up in price and down, even go up in price when BTC goes down is because they are dependent on the pump and dump, however there are many who claim that ETH will no longer have any type of correlation with BTC, which seems to me to be impossible There is no possible scenario where this can occur, however each person has their opinion. But since the market is, and since ETH is dependent on BTC, it is obvious that the correlation will remain the same no matter what.
But the interesting thing is that Bitcoin doesn't give life to all other coins on a technical level. It is a lot about psychology as well. If Bitcoin is hurt people draw the conclusion that whatever hurts Bitcoin must also be hurting any other coin out there. There is some truth to that in certain aspects, for example a mining ban does not only affect Bitcoin because mining wouldn't be allowed for other coins as well. But when Bitcoin once dumped when the forking drama was going on, all other coins also dumped.
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SquallLeonhart
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July 29, 2021, 05:11:58 PM |
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Its simply due to the people emotions are driven by the bitcoin price movements, we all knows that bitcoin is the first and best cryptocurrency ever made so crypto community has high hope on it so all their decisions based on its movements which is why the price movements of other cryptos are proportional to the bitcoin.
Why though? Have you ever considered why bitcoin price movements impact people's emotions so much? I mean I feel like we should not be really getting too much attention like this whenever price moves one way or another, it should be a little less impactful for us. I still have no clue why we are doing any of this, like let's say when the price went to 28k levels I was not worried, and when it reached 40k I was not happy, I was calm. Like the zen master and the village people story, one day a boy gets a horse as a gift and village people says how wonderful, zen masters says we'll see, then boy falls from horse and breaks his leg, everyone says how awful, zen master says we'll see, then a war broke out and all the boys are sent to war but boy stays because his leg is broken, village people say how wonderful, you know what zen master says? We'll see. That is how we should act with prices of cryptocurrencies.
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shushu9977
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July 29, 2021, 10:08:40 PM |
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We know that bitcoin is always holding number one position and first coin in the crypto-currencies world. So, maximum coins depend on bitcoin. When bitcoin pumps, the crypto-currencies are pumps. When bitcoin decreases, the crypto-currencies are decreasing. But, only few coins are stable and few coins aren’t following bitcoin which is only 5%.
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Tina H
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July 30, 2021, 03:08:20 AM |
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Most of the altcoins follow the price trend of Bitcoin, because Bitcoin, as the virtual currency with the highest listed value in the market, will affect other virtual currencies every time it fluctuates. In terms of market factors, once policies or positive and negative news occur in the market, they will affect the prices of various currencies.
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ali1177
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July 30, 2021, 05:07:43 AM |
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Bitcoin is just like a mother of all cryptocurrency whenever you see that bitcoin is going up all the other Altcoin will also go up because many people believe in bitcoin instead of Altcoin so whenever bitcoin price go up or down people also buy or sell their other cryptocurrency.
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Caldear
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July 30, 2021, 06:37:55 AM |
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As the mainstream currency in the crypto market, Bitcoin is dominant. Most altcoins do rely on the btc market, and fluctuations in the price of Bitcoin will also have an impact on other cryptocurrencies. Market panic will also have an impact on this. When the price of Bitcoin falls, people will feel fear, and at the same time they will sell other currencies to reduce losses. Some altcoin exchanges will set up trading robots to manipulate the market and synchronize the price trend of altcoins with Bitcoin.
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