Why Alts Follows Bitcoin's Fall?

[ItsCrafty]

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.

The Separation Of Money And State
It does highlight an important theme that was very theoretical until this moment – the separation of money and state. We’re all so used to the concept that governments/monarchs issue money – we don’t really ever have to think of it. But in times like these, millions of people are being forced to.
Millions of private citizens and many governments themselves will ultimately come to the conclusion that there’s no obvious reason why governments have to be the sole issuers of money.
That, while state-sponsored money is great for millions of people, private citizens often bear the human cost of their government’s ill-conceived actions, and to mitigate that impact they want their savings in bitcoin or another cryptocurrency.
Millions will come to the conclusion that stateless money is superior to paper money controlled by governments – their own or others.
Bitcoin is stateless money, neutral by design. Bitcoin’s utility is most apparent when it is most needed."

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[justdimin]

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.

It is true that Bitcoin still is big right now with 42%. Think about it, we are talking about one coin being worth 42% of all marketcaps and that tells you something. ETH got a bit higher and has 17% which is not bad, but even ETH doesn't come close to BTC, we have over 2x difference between them.

People need to realize that when one coin is at the top, and not like just a bit higher than others but literally reach to 40%+ OF ALL the market, you just gotta accept the fact that it is going to be quite difficult to make a change. I personally believe that we should not really be doing something silly and bother the market big enough to hurt bitcoin, because we can't just take alts over bitcoin, that is not possible.

[carlfebz2]

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.

It is true that Bitcoin still is big right now with 42%. Think about it, we are talking about one coin being worth 42% of all marketcaps and that tells you something. ETH got a bit higher and has 17% which is not bad, but even ETH doesn't come close to BTC, we have over 2x difference between them.

People need to realize that when one coin is at the top, and not like just a bit higher than others but literally reach to 40%+ OF ALL the market, you just gotta accept the fact that it is going to be quite difficult to make a change. I personally believe that we should not really be doing something silly and bother the market big enough to hurt bitcoin, because we can't just take alts over bitcoin, that is not possible.

When it comes to dominance then ETH do mostly overtake or in level with bitcoin but that was years ago but it didnt happen happen again but we couldnt really make out some assurances that similar situation wont

happen again in the future but for now then it is really hard to believe that it would be overtaken so easily considering on the extreme support of the community but of course there would be still some chances.

Speaking of price following then it is been typical but there are altcoins which doesnt correlate on bitcoins price.

[isaac_clarke22]

~

Most of it still follow though. Imagine in the perspective of crypto investors that are primarily into Bitcoin and then trying to put "the other eggs into the other basket". If the eggs start to rot in the first basket, the investors will likely take out the other eggs in the other basket. I don't think they are going to let it just slide into their own thoughts that kind of scenario.
This is the best analogy I can come up with lol.

[Hypnosis00]

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, I guess not all the time, not all altcoins then follow the trend but some do the opposite.

https://www.coindesk.com/markets/2022/03/10/market-wrap-bitcoin-stuck-below-40k-altcoins-see-less-selling-pressure/

I figure this new sentiment in the market and some altcoins are moving in the opposite direction. And this is because not all projects are relying on Bitcoin and not all investors also had focusing on Bitcoin alone.

In some cases, some investors diversify their portfolio into altcoins once Bitcoin prices fall making altcoins spike.

[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?

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 .

There is a concept called correlation that let us see more clearly if two assets move on average in the same way even if there are moments in which they move differently, some time ago I took the time to do this experiment and with a correlation of 1 meaning that the assets are moving exactly the same way, -1 which tell us they move in the opposite way and zero which means they move independently from each other, altcoins have a correlation of 0.9, which tell us their movements are heavy correlated to the way bitcoin moves.

[cryptoserega]

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 all atcoins follow the bitcoin fall because all cryptocurrency market falls.
But many people continue to believe that soon cryptocurrency market will rise.
Also many experts predict that cryptocurrency market will rise.

Many people thing that the price of cryptocurrency will rise because the adoption of cryptocurrency rise.
The more people use cryptocurrency the higher is demand in it.

[CryptoArena_Official]

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

Many people thing that the price of cryptocurrency will rise because the adoption of cryptocurrency rise.
The more people use cryptocurrency the higher is demand in it.

The price of altcoins depend too much from the conditions of cryptocurrency market and how useful altcoin is and in demand in it.
The demand in nature protection is very high that is why the projects which helps to protect nature are useful and in demand.

[EQIFI]

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

The price of altcoins depend too much from the conditions of cryptocurrency market and how useful altcoin is and in demand in it.
The demand in nature protection is very high that is why the projects which helps to protect nature are useful and in demand.

Now many people thing that cryptocurrency market started to restore.
Many people use bitcoin for investment purposes. That is why the demand in Bitcoin growth.
Many other altcoins follow the bitcoin price. That is why cryptocurrency market rise after Bitcoin.

[wozzek23]

There is a concept called correlation that let us see more clearly if two assets move on average in the same way even if there are moments in which they move differently, some time ago I took the time to do this experiment and with a correlation of 1 meaning that the assets are moving exactly the same way, -1 which tell us they move in the opposite way and zero which means they move independently from each other, altcoins have a correlation of 0.9, which tell us their movements are heavy correlated to the way bitcoin moves.

It is cool to learn that there was also a test done for this. I am assuming that the 0.1 loss was due to some of the coins having some issues which resulted with them going down. Aside from that I am pretty sure that unless something unexpected happens, the movements are nearly the same.

I know that it will not be simple, I know that it will take time but I also know that it is a great deal that we should all be looking for most of the time. Obviously it is not going to be 100% exactly the same move, the amount it goes up and down could be different, while bitcoin goes down 5%, ETH may go down 8% and bnb may go down 3%, or same when its going up, but the direction will be the same and seeing a confirmation done in experiment is great to know.

[Shuna_Inuverse]

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

Cryptocurrency market continue to be volatile and it is very unpredictable.
People are waiting for the growth of cryptocurrency market but it is necessary to wait.

It is necessary to be very patient to earn money on cryptocurrency market. After the fall of the market will be a growth.
But during the fall of the market it is a good time to buy tokens for the best price to have the maximum profit from investment.

[zayika570]

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 many people think that cryptocurrency market will continue to rise. They hope that rise will be soon and buy cryptocurrency for investment purposes just to hold it.

The economic situation in the world is unstable and the adoption of bitcoin increase. After bitcoin increase the popularity and demand in other altcoins.

[brat111111]

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

It is necessary to be very patient to earn money on cryptocurrency market. After the fall of the market will be a growth.
But during the fall of the market it is a good time to buy tokens for the best price to have the maximum profit from investment.

The adoption of cryptocurrency grows. Now many people use cryptocurrency for investment purposes because inflation in many countries is very big and they do not trust fiat.

[Woodie]

It's about the herd mentality and liquidity that draws the reaction seen from altcoins after bitcoin makes its move.
Afaik what happens most of the time is, if bitcoin falls the likelihood of altcoins doing the same is almost 95% because altcoins react second after the big move and herd mentality kicks in because everyone anticipate a similar move which means most will follow this trend of pumping or dumping or if you like buying or selling.

[cryptoexchanger.org]

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

The adoption of cryptocurrency grows. Now many people use cryptocurrency for investment purposes because inflation in many countries is very big and they do not trust fiat.

It is very important to protect nature. Blockchain technology helps to unite people to solve common problems all together that is why blockchain technology so popular and in demand.

[nurilham]

It is undeniable that Bitcoin dominates the crypto market, which is why the price of Altcoins also follows the price of Bitcoin. most investors make Bitcoin their main investment and then invest in Altcoins. That's why Bitcoin always dominates the crypto market because it is in high demand and has good prospects too. actually, not all ALtcoins follow Bitcoin, there are some coins that can survive and rise when bitcoin is even going down but it can be said that it rarely happens and you really have to be smart in choosing it. so follow the crypto market and manage crypto assets as well as possible so that they can be profitable in the future.

[Desmong]

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?

This has been for long now and many Investors had asked this same question over and over again. All altcoins are all dependent on Bitcoin liquidity to move ahead. Remember that Bitcoin is the foundation of the crypto world and every other coins are built on the blockchain which constitute the reaction of other crypto currencies. Although I might be giving a weak reason but I think there is more to why all coins fluctuate along the fall and rise of Bitcoin.

[seleme]

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 is called correlation, whenever the BTC price goes down the whole market dumps. The humans keep connecting the market fluctuations, especially on top financial tools and draw some lines on charts to predict the future potential of the trend. If the trend is down, altcoins keep losing value % in the long term. In case of BTC price loses 20% value, expect min 30% less performance by altcoin traders who gonna dump it. Watch tradingview charts and let us know what you see if you can find correlations on charts.

[Yamifoud]

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 is called correlation, whenever the BTC price goes down the whole market dumps. The humans keep connecting the market fluctuations, especially on top financial tools and draw some lines on charts to predict the future potential of the trend. If the trend is down, altcoins keep losing value % in the long term. In case of BTC price loses 20% value, expect min 30% less performance by altcoin traders who gonna dump it. Watch tradingview charts and let us know what you see if you can find correlations on charts.

We can't change the nature of the market. The influence of Bitcoin in the market makes it clear that whatever happens to its price, altcoins are also affected. Like now, BTC is surging up and altcoins do the same trend. We'd see the huge buying demand causes the uplift scenario, keeping the momentum for Bitcoin makes the market go bullish. We just hope that there is no huge sell-off taking place as this will stop the current momentum and expect for price rollback.

[Desmong]

All altcoins are all dependent on Bitcoin liquidity to move ahead. Remember that Bitcoin is the foundation of the crypto world and every other coins are built on the blockchain which constitute the reaction of other crypto currencies. Although I might be giving a weak reason but I think there is more to why all coins fluctuate along the fall and rise of Bitcoin.