Why alt coins don't go up with bitcoin as much they go down with it?

[topbitcoin]

Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?

I think for altcoin, not as simple like bitcoin which people already know and believe. I mean, for altcoin it depends on their developer, and progress, and maybe any other factors for the coin to be dumped and pumped. Maybe simple thing that we can take about it is, be prepared because if we not prepared when holding altcoin and then price dumped a lot more than bitcoin, it can cause us panic and maybe cut lose our assets.

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[ChrisPop]

The market is still full of altcoins with decent capitalizations that do not have a competitve advantage or present a rate of development that's higher than let's say the top 10-20 CMC.

In other words a lot of capital is placed into dormant, stagnating and/or copy-cat projects that DO NOT bring any value. When sell-offs happen you'll see money moving from those underperforming altcoins to more trusted cryptocurrencies - mainly Bitcoin which is by far the king of the crypto space.

[Slow death]

the reason this is happening is due to the fact that whenever the bitcoin price rises a lot people sell altcoins to take advantage of the wave of bitcoin price rise, but when the bitcoin price becomes stable the altcoin price starts to recover, it's been like this forever

The market is still full of altcoins with decent capitalizations that do not have a competitve advantage or present a rate of development that's higher than let's say the top 10-20 CMC.

In other words a lot of capital is placed into dormant, stagnating and/or copy-cat projects that DO NOT bring any value. When sell-offs happen you'll see money moving from those underperforming altcoins to more trusted cryptocurrencies - mainly Bitcoin which is by far the king of the crypto space.

with your post you ended up with the joy of the creators of shiticoins

[TastyChillySauce00]

When the bearish market will start, bitcoin being the coin with less dump compared with the altcoins. The fear in the altcoins are making people to liquidate their altcoins as soon as they can. This is the cycle in the crypto when the dump happened and people converting their altcoins to the coins that can protect their value. Altcoins will always face a disaster during the dump but altcoins can recovery as fast as it gets dumped by people when the whales will be buying it. Look at how fast altcoins are recovering again these days. So many tokens are worth to be owned during the recovery phase. Altcoins didn't go up when bitcoin is recovering caused by people are focusing into the bitcoin. They will be moving toward altcoins once they have done with bitcoin.

[aruldaroy]

As we know at this time the movement of bitcoin is still said to be underlined from the price last year and with the decline in the price of bitcoin at this time there will also be appearances in other altcoins so that when the market starts there is a sign of hijou but the price of altcoins is still not going up maybe because  bitcoin which still has no increase to rise so that altcoins are difficult to pump up their prices to high.

[X-ray]

You can analyze the market to get the answer for this question. I will try to break down it a little bit. Bitcoin goes down 3% - 5% but when you are comparing it with altcoins and then altcoins have been going down so hard. People are seeing when bitcoin goes dipping and they can take the benefit from this by converting their assets to the bitcoin. The fast they can convert it and they can save more value from their portfolios or assets. They will jump back again once bitcoin will retrace again. This behavior was a normal thing in the crypto. You can't expect people to keep their assets and seeing their portfolios will be going down even deeper. This is how crypto works and during the bullish market the crypto users will have the same behavior like that. Buying bitcoin during bitcoin pump and then move to the altcoins after whales jump from bitcoin to the altcoins.

[Pelana vreo]

I have to know what altcoin you mean, not all altcoins follow the current decline, but the price movement will always follow Bitcoin, this happens often, like top 10 altcoins, BNB, Solana, Ethereum and Terra, all these altcoins are down more than 30% and there are also those who are not affected because other altcoins have superior technology, in my opinion when Bitcoin goes up more than 20% and sideway is priced at $50k there will be an altseason and altcoin prices will definitely go up slowly.

[ethereumhunter]

I have to know what altcoin you mean, not all altcoins follow the current decline, but the price movement will always follow Bitcoin, this happens often, like top 10 altcoins, BNB, Solana, Ethereum and Terra, all these altcoins are down more than 30% and there are also those who are not affected because other altcoins have superior technology, in my opinion when Bitcoin goes up more than 20% and sideway is priced at $50k there will be an altseason and altcoin prices will definitely go up slowly.

This is right. But we know that it will not be easy to find coins that do not follow bitcoin movements unless we already have that list always to check how good their movement is. The top 10 altcoins list can go down deeper but it will bounce up when the bitcoin price increases so you will have a chance to make a profit later. Right now, bitcoin is back to $37k and I do not know what will happen but I feel that the bitcoin price will get another correction. So you can watch close on bitcoin and find if you can buy back or need to wait for more.

[Zotak337]

Altcoins don't always do instant surge up when BTC is taking the leads unless a project was hyped by people like Elon musk through tweets on twitter, it takes time and patience for altcoins to join in the uptrend of BTC

[Mauser]

Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?

This generalisation for alt coins seems wrong to me. While on average across alt coins this could be true (not sure though), there definitely coins that outperform bitcoins in an upwards trend, and there are coins that outperform in a downwards trend. Maybe you were just unlucky with the alt coins you picked? There are some summaries here on the forum that show the top and worst coins performing for each month. If you had the right coins in your portfolio than the swings would be much lower compared to bitcoins. The difficulty is of course to find these coins in advance and not 1 month too late. Successful alt coin portfolios outperformed bitcoins almost every year.

[fullhdpixel]

Altcoins don't always do instant surge up when BTC is taking the leads unless a project was hyped by people like Elon musk through tweets on twitter, it takes time and patience for altcoins to join in the uptrend of BTC

And when a project gets shilled by Elon Musk a project can increase on its own without needing the help of bitcoin. Thankfully Elon have stopped shilling coins because it cant do anything good in this market. When bitcoin goes up in its own its an evidence that lots of people are investing on it and only less of them invest in altcoins.

More people supports bitcoin more than altcoin and bitoin supporters mostly have a strong hands unlike to altcoin supporters where they dump their altcoins after they think they already made a nice profit. This makes altcoin dumps twice more than the price of bitcoin. I hope this explanation will clear the the mind of the OP.

[mia_houston]

Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?

Sometimes the prices of altcoins and bitcoins have the same rhythm in terms of rising or falling prices, but not infrequently the prices of bitcoin and bitcoin are in opposite directions in their movements as you say now, this happens because supply and demand in the market are the main factors that this determines the occurrence the occurrence of this phenomenon, because indeed when the market looks bearish, many altcoin holders actually sell altcoins to minimize their losses and shift them to bitcoin, so that demand for altcoins actually decreases and triggers a decrease in the price of the altcoin, but on the contrary it triggers increase against for bitcoin demand thus pushing the price of bitcoin to increase in the market.

[Captain Corporate]

It could be though. I forgot to mention that, thank you for the quote.
I can't imagine someone still holding that kind of ranking coin for a decade. For sure the coin would be flat-out dead even by half of a decade unless there is still a cult or community out there keeping up the hype for no reason.

 Fortunately for this period, we have seen people who made a great deal of profit thanks to doge. People who had doge for 3-4 years, made a huge profit today. This created chaos for us because it meant that a ton of people would be working to actually get something like that again in the future. They are buying Shiba and bunny and ape or whatever they are finding, whatever memecoin they could get their hands on, why? Because if you held doge, then you would have made a lot of profit and most of them imagine that they will be able to do the same thing again in the future.

[Henrobakkara]

Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?

Well, we know that Bitcoin is the market mover so most of the Altcoins are just tagging along so, whenever Bitcoin dips which is also the first to move downwards, Alts follow and vice versa. So it wouldn't be surprising that when Bitcoin is recovering, Alts will follow in its shadows and these are just some of them except as we do also notice a difference in this pattern when a project has an important update or news and it goes opposite Bitcoins price because of community support at the news. 

[coinmanhere]

Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?

Actually this concept is quite prominent in Cryptos, when BTC falls the whole market falls, alts will fall with a larger percentage for sure. But when the market recovers back btc is the first mover and alts move up lesser than it but later on when btc would stabilize there would be an alt season and it will be at this time that the alts will go moon. So basically crux is that it's not that alts won't rise again it's just that market is programmed this way that the bullish volumes doesn't split in all the currencies while the bearish volume does.

Yeah I think will be a good thing to observe. I will be looking at this pattern now, in theory it sound good but it is good time to see the pattern in real time which is most likely will happen soon. Anyway thanks for the input.

[teosanru]

Ok I really wanted to understand this behaviour of alt coins when recently during this crash many alt coins were double digits down with bitcoin but when it is recovering a lot of them are hardly even moving. And this is really issue with alt coins why is there such behaviour?

Actually this concept is quite prominent in Cryptos, when BTC falls the whole market falls, alts will fall with a larger percentage for sure. But when the market recovers back btc is the first mover and alts move up lesser than it but later on when btc would stabilize there would be an alt season and it will be at this time that the alts will go moon. So basically crux is that it's not that alts won't rise again it's just that market is programmed this way that the bullish volumes doesn't split in all the currencies while the bearish volume does.

Yeah I think will be a good thing to observe. I will be looking at this pattern now, in theory it sound good but it is good time to see the pattern in real time which is most likely will happen soon. Anyway thanks for the input.

I don't think you need any pattern to find this, if you keep any major alt chart along with the bitcoin chart you can easily notice the periods where the chart was very linear to the chart of BTC and you can easily observe the times when the chart deviated alot while the BTC was very stable, one should just wait for BTC to reach a stable level after running high so that alts can pick themselves up, I think it's just the money flow which takes place. The money from the BTC moves into alts using the BTC/Alts pair which pump the prices of alts against BTC higher. I think one reason of this pattern can be because historically all the alts used to be paried with BTC.

[Imran232]

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From my 5 years of experience, what I have seen in this crypto market, I also believe that experts will say the same. When the bitcoin price began to rise, the entire altcoin market became stable, and when the bitcoin price returned to a stable level after a rise, the altcoins began to rise. means when bitcoin pumps, altocion is a stable point, and then when the bitcoin price becomes stable, the altcoin price starts to pump. And here's why, after a period of stability, when the price of bitcoin began to fall, the altcoin market experienced a pump, followed by a dump.bitcoin's price started to dump, that meant people were selling bitcoin and buying stable coins like USDT or USDC. That means people have started to sell alt to buy usdt. And that is why bitcoin and the market depend on the bitcoin situation.

[jeungo]

They lose faith in them, they withdraw their money and stabilize before the appearance of new projects, everything is very simple in fact. Look at it like the situation with dollars and national currencies. on the bottoms to buy and top to sell, only in contrast to the standard scheme there are thousands of projects in which you can raise on the next wave.

[Lagduf]

there are quite literally thousands of altcoins out there and even more, the number increases every day and still counting, you just can’t always expect these investment that flows in keep staying in the same altcoin market for more than once.
if bearish trend is coming, the investment will be taken back again and there is a big chance that other selected altcoins will be receiving these flows of investment in the next round of investing.
unless the altcoins have something appealing like something that could make their altcoin promising and having good long term potential, don’t expect these altcoins gets bullish market for more than once.
look at these newer shitcoins, they are expecting themselves reaching the same level as doge and shiba but most of them just gone after having bullrun and then massive bearish that follows. So many altcoins are so difficult to recover right now

[Mamun74]

I Think Altcoin or every coin price depends on bitcoin price. I think when bitcoin price grow up then market will be green and i hope all coin price will be rise again.Because we already proved that.Now bitcoin price little dip and market dumps.I hope bitcoin price wil be more rise again and bitcoin price recover soon.