Why Alts Follows Bitcoin's Fall?

[Silberman]

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 the market cap of bitcoin is huge, it is widely known that the market cap of bitcoin is really high, however those numbers can be deceiving as one coin can be sold for 1 dollar and if it has one million coins as a supply then suddenly it has one million dollars of market cap, which is not true, so the market cap of bitcoin is even higher than what we think, this means that bitcoin has an enormous influence over all the other coins in the market and I do not see this chaining soon at all.

[1714781381]

1714781381

[Darktongue]

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?

Most of the time, investors start to invest in Bitcoin and then their choices are different from their experiences. What I mean, you should learn about altcoins also like Bitcoin. Still now the whole cryptocurrency is defended by Bitcoin and Bitcoin prices. Day after day, Bitcoin is getting popular because of its limited supply and vanishing a little every day. You should observe "Litecoin and Bitcoin halving time. Maybe next year Litecoin and next year Bitcoin. Halving is decreasing the supply to increase the demand which demand also helps others cryptocurrency.

[Cryptock]

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?

The answer is very simple, because "King is only one!"

The true is, that it is a consequence of the fact that years ago only Bitcoin was known on the market. When the bear market for Bitcoin started, all investors thought Bitcoin was dying and is coming the end of cryptocurrencies, so all market follow Bitcoin price. For many years the market has gotten used to it, this become kind of system and also it is just a kind of tradition right now.

[Captain Corporate]

 More than tradition, back in the day there was actually a very legit reason for it. Because when you turned your fiat into crypto, %90+ chance you would turn it into bitcoin. So that meant whenever people bought a crypto, they bought bitcoin, and when they got out they left a neutral ground, bought the same amount with fiat and got out with same amount. Alts were a bit different, you would either go in from bitcoin, or not go in at all but if you were in crypto then you were in bitcoin one way or another. Nowadays you can turn your fiat into many things, without dealing with bitcoin, but that mindset just got stuck.

[milewilda]

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?

The answer is very simple, because "King is only one!"

The true is, that it is a consequence of the fact that years ago only Bitcoin was known on the market. When the bear market for Bitcoin started, all investors thought Bitcoin was dying and is coming the end of cryptocurrencies, so all market follow Bitcoin price. For many years the market has gotten used to it, this become kind of system and also it is just a kind of tradition right now.

Try to look on the current situation we do have as of this moment on which bitcoins price is really decreasing which it is already that too obvious that most altcoins are going on the same direction.
It might not really be that too deep but the entire trend would really be on bearish as of this moment but we know eventually that prices would inevitably recover thats why people should
see dips or correction like this is an opportunity for you to be cheaper coins but it wont really be easy as it sounds yet people would really be minding always about some stuff
like the price might go down even more further.

[o48o]

Well simplest reason is that it's oldest and most trusted blockchain. My assumption always was that nr1 in coinmarketcap gets to be the symbol and leading star for other coins. And how that behaves reflects how whole crypto economy is doing. And reason why others fall more is their lower marketcap and lower liquidity. When people panic sell and there's not enough buy limit orders, prices crash fast.

[Cryptock]

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?

The answer is very simple, because "King is only one!"

The true is, that it is a consequence of the fact that years ago only Bitcoin was known on the market. When the bear market for Bitcoin started, all investors thought Bitcoin was dying and is coming the end of cryptocurrencies, so all market follow Bitcoin price. For many years the market has gotten used to it, this become kind of system and also it is just a kind of tradition right now.

Try to look on the current situation we do have as of this moment on which bitcoins price is really decreasing which it is already that too obvious that most altcoins are going on the same direction.
It might not really be that too deep but the entire trend would really be on bearish as of this moment but we know eventually that prices would inevitably recover thats why people should
see dips or correction like this is an opportunity for you to be cheaper coins but it wont really be easy as it sounds yet people would really be minding always about some stuff
like the price might go down even more further.

Therefore, the cryptocurrency market is a speculators paradise. Robots will always be faster than humans, but if someone sees that the trend in Bitcoin price is changing, trader can expect that altcoins prices will also change in a moment.
Of course, this won't always work, but most of the time it should be. This is not normal for other financial markets. When it comes to cryptocurrencies, there is no other explanation than the fact that it is just an investor habit that remains from a time when trading was only FIAT <-> BTC.

[kawetsriyanto]

Not all altcoins always follow the Bitcoin price. Stable coins even show the opposite of the Bitcoin price trend. Just look at some stable coins such as USDT, USDC, BUSD, or TUSD, these coins usually increase their values quite significantly whenever the Bitcoin price drops. 

Regarding other types of altcoins, it is normal if they follow Bitcoin since investors feel afraid and prefer to sell their altcoins or convert them to stable coins whenever Bitcoin falls. Bitcoin price falls or rises, sometimes becomes the indicator of the upcoming trend in crypto market. When it rises, it seems to have an uptrend phase for a whole week. While if it drops, it may indicate have a downtrend phase for a whole week. So, the altcoins holders are affected by this factor.

[poodle63]

simply put its just because thats the nature of most of altcoins, the current market always relies with the trend of bitcoin never becoming independent except some of the outliers altcoins that are having their own market movement.
or maybe its just because altcoins are usually behind in terms of trend because the big capital holders are usually holds big amount of BTC and they knew well the current circumstances of our economy almost immediately in every move
thats could be the reason altcoins sometimes lack behind in terms of market movement and just feels like its following bitcoin while in reality its just that their market movement rather lags behind and hugely influenced by the bitcoin market too.

[justdimin]

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?

The answer is very simple, because "King is only one!"

The true is, that it is a consequence of the fact that years ago only Bitcoin was known on the market. When the bear market for Bitcoin started, all investors thought Bitcoin was dying and is coming the end of cryptocurrencies, so all market follow Bitcoin price. For many years the market has gotten used to it, this become kind of system and also it is just a kind of tradition right now.

Yeah, Bitcoin is the king in the market, and that’s why it’s majorly the coin that has kept growing over the years while the rest just falls and stay down. Only few altcoins has been able to follow up with Bitcoin and keep up with their growth, just a few of them like Ethereum.

But as for the rest, they just come out to trend for a short time and before you know what’s happening they have all started losing their value and dropping to a low price. And the most annoying of it all is that most of them never makes any move again to increase in value, they all just stay down like that, which is the reason I often avoid investing in these altcoins. Bitcoin alone is already a good choice.

[tyz]

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 the vast majority of coins are pure speculative objects and have no real use or intrinsic value. Those that have, can always escape the trend of Bitcoin. For example, Ethereum has fallen less than Bitcoin or Waves is even close to the all-time high. In such phases, it's easy to see which project really has a future and investor confidence and which ones are actually just for quick speculation.

[rat03gopoh]

A common question that has been answered several times. You can find the answer in the speculation board:
Why Altcoins fall when Bitcoin Falls
Why do altcoins follow bitcoin?
Why Altcoin prices often follow Bitcoin price
Is Altcoins Follow BTC Rally?
This is mostly the case with well-established altcoins, such as having a strong fundamental influence and other reasons that are worthy of being a long-term investment asset.

[Yacht_X_Coin]

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 the market cap of bitcoin is huge, it is widely known that the market cap of bitcoin is really high, however those numbers can be deceiving as one coin can be sold for 1 dollar and if it has one million coins as a supply then suddenly it has one million dollars of market cap, which is not true, so the market cap of bitcoin is even higher than what we think, this means that bitcoin has an enormous influence over all the other coins in the market and I do not see this chaining soon at all.

The price of altcoins depends to much on the price of Bitcoin. When bitcoin falls all altcoins falls too.
But a lot of depends how useful is the coin and about it demand in future.
Thanks blockchain it is possible to invest money in nature protection like this https://twitter.com/ClimeToken/status/1498942071658405888

[CryptoPro909]

Bitcoin is the gold of the web3/blockchain world.

When bitcoin has difficulties, the whole market has difficulties.
This might continue for a while...till market will mature.

[ardydyon]

in the crypto world bitcoin is still a role model for altcoins.
whatever happens to bitcoin it will also affect altcoins.
we can see at this time bitcoin is down and all altcoins are following in the footsteps of bitcoin going down.
This happens because bitcoin still dominates the altcoins in the crypto world.
no matter how good the project owned by altcoin is, it will still lose to the decline experienced by bitcoin

[Reid]

I always thought of it as the USD of cryptocurrencies. They say USD is the strongest currency of all and it also affects the economy of other countries once its value fall. I think the exaggerated news all over different articles is the proof of it.
Bitcoin is almost the same. It is the strongest of all and when it fluctuates, the same goes for altcoins that is being affected by its market. At old times it was not like this, when Bitcoin falls every altcoins pumps up but when stablecoins was presented it became different.

[husdemba]

It is no coincidence that Bitcoin movements affect other altcoins. Bitcoin is the forerunner of cryptocurrencies and is quite dominant in the market. From this point of view, altcoins will remain tied to Bitcoin for a long time.

[dezoel]

When you people say that altcoins stays at their level when Bitcoins rises, and it falls when Bitcoins falls, what do you people mean by that? That’s not true. When the market is good, altcoins increases in value, and those of them that doesn’t have a price correlation with Bitcoin goes any price direction regardless of where Bitcoin is heading to. And of course there are events that can have a general effect on the market, and in this case, majority of the coins there is in the market would fall in value.

So, it’s not really like you people say it; you make it seem like altcoins doesn’t even increase in value at all when you say that they stay sane price when Bitcoin goes up and falls when Bitcoin falls lol.

[trendcoin]

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 are so many dynamics that determine this. But the most important is market domination (Bitcoin domination: 42.4%). When the Bitcoin price falls, not only does the Bitcoin price fall. The value of the all market falls. Markets are driven by the emotions of investors. As investors are affected by this situation, they start a sales wave by acting with fear and anxiety. Thus, when the price of Bitcoin falls, the price of all Altcoins also falls. :)

[Vaskiy]

Altcoins are exist out of bitcoin. This means altcoins are like part of bitcoin. This is how the market is being made at the beginning, because bitcoin slowly gained acceptance and altcoins weren't of big importance. Following bitcoin the market began to experience change, and this change began to have impact over the bitcoin.

The bitcoin market used to be bullish whenever there is good inflow from altcoins and turn bearish when funds were moved towards altcoins. Apart from this top order altcoins mostly move in the direction of bitcoin.