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Author Topic: Comparison of Bitcoin price fluctuations with other coins.  (Read 492 times)
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January 05, 2022, 05:24:41 PM
 #1

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
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January 05, 2022, 05:42:29 PM
 #2

Altcoins follow bitcoin price, there can be some times when the price will may differ like altcoin season but at last the same are the trends. As bitcoin price is falling, altcoins price are falling also, as bitcoin price is increasing, altcoins price are increasing also. They have connections like you said.


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January 05, 2022, 07:11:08 PM
 #3

It's somehow proven before that most altcoins follow the trend of Bitcoin and it's not new today. If you have a chart look closely how often the price of Bitcoin change then some altcoins will follow either up or down. But for those altcoins that doesn't follow the trend they are probably under the top 50 coins in CMC.

I think if you take some time staying at this market you will probably get used to see most of these altcoins moving especially if you are a trader. Although, Bitcoin's volatility is not normal and it's unpredictable at the same time. So I would say it's still different in some altcoins even with the trend.

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January 05, 2022, 09:45:01 PM
 #4

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
Most of the altcoins in the market should be as they are just following the trajectory of bitcoin's price. In the long run it's really best if you hold Bitcoin rather than altcoins since if Bitcoin goes further lower, these alts hurts the most as they goes even lower in percentage decrease than Bitcoin.

The thing is, you'll get it by experiencing a catastrophic thing like the bear market of 2018, nof for the faint of heart thing but that scenario was great lesson for those who experience it.

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January 05, 2022, 09:59:10 PM
 #5

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
Correlation? Sometimes yes and Sometimes not and that what make things even more harder to predict on.Both Bitcoin and altcoins could really go into different path thats what it makes harder to make out guesses and predictions because it would always vary on the demand and recognition plus having those other effects came from other factors like news/fuds and other sentiments.
This is why when you do make out analysis and thinking about those biases then this is something cant really be known or handle it well.

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January 05, 2022, 10:48:29 PM
 #6

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

It's a known fact that altcoins prices correlate with that of Bitcoin. The common understanding of this is that since altcoins are traded via abc/BTC (where abc is the altcoin) pairs, when Bitcoin prices dips, altcoins dip too due to the effect that is created with the pairs.

Typicall:
- When Bitcoin dumps, altcoins dumps.
- When Bitcoin pumps, altcoins pump.

But there are times when it doesn't work like this.

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January 05, 2022, 11:48:42 PM
 #7

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
The increase in popularity of trading pairs involving stablecoins might make this a little confusing to Newbies, but it's true that Bitcoin price fluctuations affect price fluctuations of other altcoins in most cases. This is because almost all the coins in the market would be traded against Bitcoin. So if anything happened to the Bitcoin price, it also means that the altcoin price would be impacted in USD value.

The market dominance of Bitcoin which is usually big is also another factor to look at.
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January 06, 2022, 03:10:59 AM
 #8

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
The relationship for me, Bitcoin first then altcoins.
If you observed lately, there are some times that when
Bitcoin is pumping, altcoins are dumping. <- rare case
Bitcoin is dumping, altcoins are dumping.
But Bitcoin is sideways, altcoins are pumping.

These things I can consider related with Bitcoin to altcoins.

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January 06, 2022, 05:12:02 AM
 #9

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
Bitcoin fluctuations will impact the altcoins. When the bitcoin price moves, the altcoin will follow, especially if the bitcoin price is down. But not all of the altcoins will go down because some altcoins can stay at the current price and wait for a while until bitcoin is up again. But if the bitcoin price is up, almost all altcoins will follow to go up. Some altcoins can increase high, although bitcoin is stagnant and does not move to any price. But bitcoin will be the parameter for the altcoins to move.

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January 06, 2022, 05:30:45 AM
 #10

If altcoins price will always follow Bitcoin price, actually I don't see any reasons why should altcoins be created. This just make how bad altcoins, they don't have fundamental, they don't have enough power to stand, and they don't have different use cases from Bitcoin. Those bad or good news are mostly targeted for Bitcoin, then why altcoins price following Bitcoin?

Only stablecoins are different from Bitcoin, if Bitcoin increase, stablecoins will decrease and vice versa.

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January 06, 2022, 06:06:23 AM
 #11

If altcoins price will always follow Bitcoin price, actually I don't see any reasons why should altcoins be created. This just make how bad altcoins, they don't have fundamental, they don't have enough power to stand, and they don't have different use cases from Bitcoin. Those bad or good news are mostly targeted for Bitcoin, then why altcoins price following Bitcoin?

Only stablecoins are different from Bitcoin, if Bitcoin increase, stablecoins will decrease and vice versa.
I think one reason for this is also that most people price Altcoin in BTC. So if BTC goes down (against the $) and Alt keep their price (in BTC) then Alts are also going down in $. Another thing is that BTC still represents 40% of the entire market cap. People just follow the leader here. This might change if one day BTC is not the largest crypto anymore.

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January 06, 2022, 08:31:48 AM
 #12

You said it in reverse and it is correct to say "Bitcoin price changes affects all altcoins prices", when:

 - Bitcoin up --> stability and relative increase in altcoins --> followed by a gradual increase.
 - Bitcoin dump -->  corrections begin for all altcoins.

Correction are stronger than bitcoin because the majority withdraw their profits from altcoins in the form of bitcoin or USD.
As for the reason, it is that the goal of most altcoins is to make a profit by withdrawing their values to Bitcoin or any stable currency.

ETH is getting part of this effect, but Bitcoin is still dominant.

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January 06, 2022, 10:35:00 AM
 #13

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
yeah probably there's a connection because indeed when bitcoin is making correction most altcoin is doing the same as well, especially when bitcoin skyrocketed the entire market is green, that's what i always noticed to be honest..  it means bitcoin can influence all the cryptocurrency in the market.


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January 06, 2022, 02:15:29 PM
 #14

Bitcoin rises, altcoins fall
Bitcoin falls, altcoins crash or fall much deeper
Bitcoin sideways, altcoins sideway or rise

You see in most of cases, altcoins have to rely on Bitcoin to maintain their price or trigger their growth.  People can be blinded and become greedy with altcoins because they think altcoins can bring better profit for them. It can be true in some cases but not all. In general, Bitcoin brings more profit in long run and it is safer than altcoins.

If an altcoin can rise 100 times, it can be pulled back 100 times in bear market. You will see in it bear market and I hope you won't have to pay losses for this lesson.

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January 06, 2022, 02:24:02 PM
 #15

Bitcoin rises, altcoins fall

In most cases, altcoins actually follow with the rise, and a lot of times even rising significantly higher percentage-wise. It's just that altcoins' price movements are delayed by a bit when bitcoin goes up.

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January 06, 2022, 02:57:14 PM
 #16

Bitcoin rises, altcoins fall

In most cases, altcoins actually follow with the rise, and a lot of times even rising significantly higher percentage-wise. It's just that altcoins' price movements are delayed by a bit when bitcoin goes up.
My conclusion is somewhat because, when Bitcoin goes down, investors purchase generally in Bitcoin using fiat and trade it into the altcoins that they like to purchase or purchase Bitcoin and trade into Ethereum and but altcoins.  So, therefore, I have drawn and conclusion which is altcoin prices are most commonly measured in Bitcoin which as we see it seems they had tied up to each other.

Noticed this too, when the Bitcoin price pumped, the altcoins price experienced a hard time recovering the price while Bitcoin already pumped, there's quite a delay but it's noticeable.

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January 06, 2022, 03:25:46 PM
 #17

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

This relationship have been studied many times but without any particular references no one knows why this happens. I mean this keeps happening without fail and only few coins were able to break this relation in the past or currently.

Moreover, look closely not all the coins are doing this. I mean those with ranking above 100+ or those with new adoptions will not correlate to the bitcoin and would act normally even if bitcoin is going up or down.

Could be parallel relation due to after effects of price movement.

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January 06, 2022, 03:54:35 PM
 #18

My conclusion is somewhat because, when Bitcoin goes down, investors purchase generally in Bitcoin using fiat and trade it into the altcoins that they like to purchase or purchase Bitcoin and trade into Ethereum and but altcoins.  So, therefore, I have drawn and conclusion which is altcoin prices are most commonly measured in Bitcoin which as we see it seems they had tied up to each other.
Yes, but just to a certain extent. The current state of the cryptocurrency markets are far different than what it was in 2016, as stablecoins are highly adopted now with exchanges.

Noticed this too, when the Bitcoin price pumped, the altcoins price experienced a hard time recovering the price while Bitcoin already pumped, there's quite a delay but it's noticeable.
In some cases yes, but this is mostly not the case. BTC and alts have been moving in tandem for a while now.

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January 06, 2022, 05:24:47 PM
 #19

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
You are talking about a concept called correlation, there is positive, negative and no correlation, positive correlation happens when one variable moves and the other does in a similar magnitude and direction, negative correlation happens when a variable moves and the other moves  in the opposite direction, and no correlation is when as you may guess the movements of the variables present no positve or negative correlation on their movements, and as you have pointed out bitcoin and altcoins have a very high positive correlation.


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January 06, 2022, 09:52:45 PM
 #20

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
Yes, Bitcoin is the major force in the crypto market and the trend it posed is what determines the next move of the altcoin market. However, that is not how it works in every cryptocurrency market season, sometime the altcoin independently finds their own trend.

Definitely.

Bitcoin is the reason why majority of the altcoins are moving. If bitcoin is going up then we see the connection that many altcoins are also moving up.

And the same goes for the opposite.
If you're talking about Bitcoin to be the major reason why the altcoin market was bullish during the halving effect market. Yes, you're right but if not, no you're wrong because there's altcoin season where major altcoins in the market experience bullish trends while Bitcoin will be left out.

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