Why Alts Follows Bitcoin's Fall?

[Chipard]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

[rjekerdomin]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

Bitcoin is the hallmark of cryptocurrency. Although there are many stablecoins, Bitcoin is still the leader. People pay attention to the price of Bitcoin, and when the price drops, someone chooses to sell the coin to stop loss. Some altcoins will die when the price falls, and some media write articles to influence everyone's judgment, thus selling the coins in their hands, causing the price to fall. When the price falls, it is still necessary to maintain a good attitude, do not panic when the price falls, it is better to keep holding.

[5W-KILO]

As a crypto investor your attention should be on BTC first, remember that BTC is even the main coin that opens door for altcoins season too, if BTC isn't pumping hard altcoins won't be doing so well, BTC is the first, it has the biggest volume and liquidity, talking about the most supporting crypto coin BTC is the king this is why it directs the market.

[Ten98]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

That's a natural thing to happen in the crypto mate space, because altcoins do often follow the flow of the Bitcoin market so that increases and decreases always occur simultaneously and the main thing that is often monitored by everyone is Bitcoin not altcoins because altcoins are still very often following Bitcoin in terms of that.

[sunsilk]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

Because it is the market leader.

Whatever happens to the leader, every follower has nothing to do but to do the same as what the leader has done. As for many pairs on all exchanges excluding the decentralized exchanges.

They're all following the price of bitcoin and that's a normal thing in the market that you have to remember that if bitcoin goes up, the alts are next and vice versa.

[TheUltraElite]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

There is no definite answer to this, but this can be due to a number of assumptions made correctly.

Bitcoin functions as an index of market psychology and users follow what movements it makes to determine future trends. So when bitcoin is dropping in price, the people who had bought with lack of understanding and faith in the altcoins will sell because they think this is the end of that altcoin.

Those who sell altcoins may not be that much capable to understand that if they hold they might actually get a price to break even and exit with profit, therefore a lack of patience.

Because this market is unregulated and panic spreads quickly, it is difficult to control a downtrend quickly. But the opposite also becomes true, when it goes up all coins start going up as well.

[gabbie2010]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

Bitcoin leads other Altcoins follows that is how the market sentiment is now, once upon a time when bitcoin rises other Altcoins falls vice versa however the present market sentiment will enable any crypto trader to analyze the price of any altcoin with subject to Price Action of bitcoin, whether bullish or bearish i.e shouldn't go contrary to or against the price direction of bitcoin.
As a trader I discovered that all the candlestick patterns of majory of Altcoins are very similar thus I choose one USDT among the numerous pairs and trade it while taking cognisance of price sentiment of bitcoin.

[masterrex]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

I think it is because Bitcoin has a strong impact of influence in the crypto market, because of its marketcap dominance, just look at the total Market capitalization of Bitcoin its marketcap share a very big pie of the total marketcap so I think that was the main reason and second is the trading pair as we observe most altcoins has a trading pair with BTC so I think that was a strong compelling reason why altcoins also drag to the Bitcoin price.

[crzy]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

Investors are selling their holdings and buying stable coins, so by this they can secure their profit and have more power to buy later on.
Altcoins follows Bitcoin because this has been the major pair, and we know the dominance of Bitcoin over this market.

This is not a new trend anymore, we've been through a lot of this before and guess what, nothing change even if there's a lot of good altcoins today, they still follow the trend of Bitcoin.

[Doell]

Well normally there are ALT to BTC pairs, you can exchange altcoins to get bitcoins. If the bitcoin price increases then the price of altcoins that are also connected to the bitcoin market also increases and vice versa mate. When the price of bitcoin go to fall altcoins should also fall, but some altcoin will take advantage of the moment when bitcoin goes fall by increasing the price of their altcoin in bitcoin value, broadly speaking we all need to know this kind of pattern.

[cryptoaddictchie]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

Because they are correlatable. This is like an nth time being asked here in forum. You dont only observed but market moves in mysterious ways. Technical analysis really helps in thr matter but there are circumstances that it wont follow and btc just suddenly drop hard or pump hard. Dont be scared volatility is really part of crypto market.

[hyudien]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

Market price speculation followed its parent and bitcoin became the main focus of investors' attention to gauge how effective it is to store money in altcoins. If the movement of bitcoin drops, altcoins will immediately go into freefall and can even exceed the percentage decrease in bitcoin. Such is the crypto space, where investors measure bitcoin as the only major coin.

[MFahad]

According to Coinmarketcap bitcoin has 42.3% and Eth ha 17.87 Dominance. Its clearly show that almost half of crypto fund are added in Bitcoin.
Bitcoin generally up and down Because of bad news or Good news. When bitcoin down , other token whales also start selling Because they fee fear that it may fall further due to bad news and market can go further down.

[tsaroz]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

What if it's the bitcoin following alt fall? Every market are somewhat related and there are of course market sentiments. You can see a similar trend in stocks market where one stock price is no way related to another as all of them are bought and sold by fiat, still when the market sentiment is bearish, most of them goes down and viceversa. In crypto, there is one further reason of being paired with one another. With so much varieties and reasons for market movement, we can no further claim bitcoin leads the whole market either.

[avikz]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

When the king moves, his sidekicks are supposed to move to the same direction. That's exactly what happens in the crypto market as well. Bitcoin is undoubtedly the king of the crypto market and enjoys the first mover advantage. It's the same thing happening for ETH as well for the smart contract capability.

Don't we have better, faster and cheaper coins available in the market. We definitely have a lot better coins but no one was able to beat bitcoin in any way.

[Teraboy]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more.

No problem. that's the common thing in the crypto. altcoins will be following the bitcoin. Once bitcoin down and altcoins too. If you have been long in the crypto and you will find if this is just a common thing. The question is whether people can see their portfolios are going to the deep or not. This already known as the main problem that makes people feel panic.
I think that if this will become the main problem for the newbies that didn't know if altcoins are totally peg with bitcoin

Why do altcoins usually follow bitcoin?

It's caused by bitcoin has become the main crypto that used by altcoins to determine its price. Altcoins used bitcoin as pairs in the past until this time.

[btc_angela]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

It's pretty obvious, all trading pairs are BTC/X, so when bitcoin goes down, almost all the altcoins goes down with it. And majority of exchanges allow traders to buy their alt coins with bitcoin first and then they do the trade with their fav alt coins.

So there is the correlation, more than 90% of it, but there are alt coins and meme coins, that might follow this because they are obviously being used for pump and dump.

[Jackl87]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

Yeah it is still the case that Bitcoin is basically the lead indicator for all crypto currencies, which basically means that, if Bitcoin falls let's say 5% then most of the other coins will also fall at least 5%. Most of them, especially the new and small cap altcoin projects will fall even more than Bitcoin itself. I know what i am talking about because my portfolio consists mainly of small cap altcoins and my porfolio value is down more than 90% compared to it's ATH back in May 2021.
The sad thing for altcoins is also that if Bitcoin rises, the altcoins won't rise immediately too. There is always a longer phase of growth of the big cap coins needed before the smaller ones also start to rise.

[Ulven]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

You must understand that you are in the crypto space market, and this market is very volatile and the only difference is that Bitcoin owns more than 68% of the total market value and the rest is owned by the alternative currency, so the decline in the price of Bitcoin means that the crypto market is on a downward path.and if Bitcoin rises in value, there are great gains for all alternative currencies!!!

[JayTrain]

it will be much easier to explain this way: on any exchange, altcoins are tied to a pair with btc and when bitcoin falls, its pair with this altcoin also falls, this is one of the options.The most important factor is that bitcoin is already as a vector of direction on exchanges, it is falling and everything is falling.