Why Alts Follows Bitcoin's Fall?

[kojektea]

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 bitcoin is an icon of cryptocurrency itself, everyone must be familiar with bitcoin before learning about other coins.
In fact, before there was a stable bitcoin coin first became the only fair to trade because bitcoin would be trusted by everyone.
making bitcoin the leading direction of all cryptocurrencies. Usually, a professional cryptocurrency trader will look at the bitcoin price before he starts investing in the altcoin of his choice.

[Pasa32]

Actually Altcoins do not follow Bitcoin, when  Bitcoin falls people start selling their Atlcoins in panic, they think now altcoins will start dump, so majority of people sell their alts so they dumped hardly.

[pawanjain]

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 two things to note here which will make you understand more on why altcoins follow bitcoin.

1. When bitcoin falls, the price of altcoins fall as well because people generally look at it's value in fiat (eg: USD price)
Since bitcoin's price falls in fiat the relevant price of altcoins fall as well.

2. When bitcoin falls, it creates a panic in the crypto market since it  owns around 50% of the crypto market cap.
So this triggers a panic sell and includes altcoin holders along with it. Hence the price of altcoin even more.

[Edain Software]

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.
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Now many people understand how it is important to protect nature.
It is good thanks blockhain now every person can participate in nature protection.
The use of blockhain is increase with every day.

All cryptocurrency market follow the Bitcoin price, when bitcoin rise all crypto rise too, but when bitcoin falls cryptocurrency market falls.
And I agree that it is important to protect nature. Hope many people understand this.

[Webetcoins]

At the end of the day Bitcoin is still the king and that is how they make all of their money. I personally do not believe that it should be tied and some coins should be a bit more independent but they are not. This is because Bitcoin is so big that we calculate bitcoin price with dollars, and other coins with their bitcoin pair most of the time.

This is why I believe that altcoins will always follow whatever bitcoin does. This is not only restricted to bitcoins fall, they all also go up when bitcoin price goes up as well. This why we should not be really too much against it since there are benefits of it as well as the downside of it.

[Rocky993]

When BTC dumps, the whole coin market starts dumping altcoin coin price.  Because the price of the whole market depends on the value of BTC market movement.  Because BTC controls all CoinMarketCap.  All altcoin drivers are this BTC.

[Ziskinberg]

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?

First of all...it is the nature of these altcoins. We can't actually hide the truth that once Bitcoin dumps, the entire market drops as well, and ever since this is what we saw in the market trend. We don't like it for sure as we wanted that these altcoins will stand alone and have a separate view with Bitcoin but just only a fail. we can change this unless people never invest in Bitcoin and if Bitcoin doesn't have the influence in the market. But for as long as the situation remains like that, it certainly will always be going to see.

[gurunanakji777]

Generally, it's a trend Altcoins follow this when Btc falls Alts also falls but earlier we say Btc was the base currency but now we have many other pairings other than Btc for eg: USDT, ETH, BNB, etc. We all know BTC is the biggest cryptocurrency in the market that is trusted by millions of users so when it falls traders sell in panic Alts also.

[Viscore]

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 reason why most of the cryptocurrencies tend to follow bitcoin because it is the  market leader in the market. Their prices will always be in terms of bitcoin. So when the market leader goes up then they tend to move in the same direction and when it goes down they also move down at the same time.

[Imran232]

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?

Well, there is no exact answer to this. In one sentence, people believed that when bitcoin began to pump, altcoin was at a stable point, and when bitcoin was at a stable point, altcoin began to pump, and finally, when bitcoin began to dump, altcoin abruptly made a stable point, and when bitcoin entered a dump stable area, altcoin began to dump brutally. And next it repeats itself again and again. Well, it's a theory. But what I believe is a psychological fact is that what traders use in the market. They chose it for their look when the bitcoin price began to fall because altcoins were stable at the time, and traders took advantage of the opportunity to sell their altcoins and invest in bitcoin.Though bitcoin is already in the dump, altcoins began to fall as sellers began to sell in order to buy bitcoin.'s just my speculation, not because I already told you that there is no exact answer. Thank you.

[batang_bitcoin]

Because bitcoin is the mother of all coin and bitcoin investment holding maximum part of marketcap.  Thats the main effect when bitcoin fall marketcap getting low and price fall normally.

It is affecting the market itself of crypto because it is where it all started. Although the volume for the highest isn't from bitcoin but on Tether, it is going on still for bitcoin.

But every time bitcoin dump some altcoin also dump more than bitcoin dump ratio again it also increse more than bitcoin in bull market. Also there is maximum pair of holding in altcoin pair also in bitcoin then if bitcoin price go down then also effect on btc pair and price go down as well!

That's the trend for the market, all of the altcoins whether they are pair or not with bitcoin. When bitcoin has started to dump, all of them will follow the same trend for bitcoin.

[ninis45]

This has become a market perspective that has been known by many players that bitcoin is one of the barometers of altcoins in the price of rising and falling price trends, I myself reasoned because bitcoin was one of the first centralized technologies that existed and was accepted by the world community while others adopt it and follow the system so it's only natural that altcoins follow bitcoin

[Ryker1]

^[snip]

I'd consider that Bitcoin has a huge influence on the market and this is the result.

Well the reason was right, just because most altcoins are tied up to bitcoin and most altcoins have a bitcoin pair in the market and when they are selling altcoins while at the moment bitcoin went up they also do the same with bitcoin price movement. So it swings the whole market price because of the bitcoin trader pair and most altcoin has this trading pair. As I said in my previous post, investors need to purchase bitcoin so that they can invest in altcoins or even a new projects.

[Ngemmeng]

bitcoin is the most popular crypto right now and the strongest crypto right now, I think this is the reason why most altcoins follow the bitcoin price movement. in other words most people use bitcoin as a benchmark to know the current situation of the crypto market. After all not all altcoins move in the same direction as bitcoin because some altcoins move in a different direction from bitcoin. an example is Aurora (AOA), if I notice the price movement of AOA is often not in line with bitcoin and sometimes the percentage increase in price or decrease in price is much different.

[TheGreatPython]

When BTC dumps, the whole coin market starts dumping altcoin coin price.  Because the price of the whole market depends on the value of BTC market movement.  Because BTC controls all CoinMarketCap.  All altcoin drivers are this BTC.

That is true. Bitcoin always impact the price of other cryptocurrencies we have in the market. Even if these cryptocurrencies have no correlation with bitcoin in price, it still influences their price in one way or the other. when the market starts to dip, there are lots of investors who start to sell their altcoins to invest back into bitcoin, and this in one way or the other affects the price of the altcoins in the market and makes them to start dropping.

Investors views bitcoin as the main cryptocurrency in the market because it is the first cryptocurrency that was created and therefore a lot of people prefer to hold their funds in Bitcoin when the market is falling, than holding it in altcoins.

[Silberman]

I think because the market capitalization of bitcoin is the largest so it will be clear if the price of bitcoin collapses then the value of ALtcoins also follows because of the correlation, or it can also be said that all altcoins are very dependent on Bitcoin liquidity for market spikes.

For the majority of altcoins bitcoin is the main trading pair, and while USDT and other stable coins are important as a trading pair as well the fact they are stable means that they do not exert too much of an influence on altcoins and their movements, this means that if the price of bitcoin is going down then people lose faith in altcoins as well, which means that altcoins need bitcoin to move upwards so they can do the same, and if bitcoin moves downwards most of the altcoins will move in the same direction as well, as investors are selling their coins so they do not end up holding useless altcoins they will never be able to get rid of.

[stepwilli]

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?

First of all...it is the nature of these altcoins. We can't actually hide the truth that once Bitcoin dumps, the entire market drops as well, and ever since this is what we saw in the market trend. We don't like it for sure as we wanted that these altcoins will stand alone and have a separate view with Bitcoin but just only a fail. we can change this unless people never invest in Bitcoin and if Bitcoin doesn't have the influence in the market. But for as long as the situation remains like that, it certainly will always be going to see.

Bitcoin will always have that kind of influence in the market, there is no way we could ever stop bitcoin to have that kind of influence. It is king of cryptocurrencies and it will stay like that as long as it is covering most of the market all by itself. I mean we are talking about reaching 60%+ domination at one point, it is lower right now of course but aside from only like handful of coins, rest of the pack could combined not be worth as much as bitcoin.

It is where the power for bitcoin comes from and as long as it is like that, I do not think that we would really have anything different at all. Just a situation where things are not really looking good for alts, when bitcoin goes up, that is only difference it could be.

[lenovop-70]

Because Bitcoin is the market leader, and Alts are just complementary market pairs for exchange rates. Bitcoins fluctuate due to demand and supply orders, and Alts fluctuate due to recent issues and developments from the original company, so the two are clearly different in how they make price movements in the market. IMHO

[Joyawan13]

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 the great thing about bitcoin which can move the price up and down the price of other altcoins, but not all altcoins follow the up/down price of bitcoin, sometimes when bitcoin lowers the price there are altcoins that will increase the price, so don't be surprised for example bitcoin price movements are followed by many other altcoins .

[Violetta87]

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

Now the situation in the world is very unstable. That is why cryptocurrency market is very volatile.
But financial market is very unstable too. In many countries there is a big inflation and people lose their savings.
Stock market also falls.

Even in the most unstable situation in the world the demand in nature protection will increase, because people with every year pollute nature more and more.
So it is very impotant to evaluate how useful will be coin in the future to evaluate its potential and earn money on investments.