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July 16, 2022, 08:03:14 PM |
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The price and, ultimately, the charts on any given exchange are determined by the price of the most recent transaction. How can the prices of 100s of cryptos all move in the same direction at the same time?
Whole thing depends on the market condition of cryptocurrencies. And If you look at bitcoin , when it's going to down then most of the currencies also turning to downing. When a cryptocurrency gets hit badly, the price of Bitcoin starts to fall, and all alt-coins around it start to fall. It because of the dominance of bitcoin in cryptocurrency world. And so now during the bearish season Bitcoin prices have fallen and all other coins have fallen in parallel.
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Jawhead999
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July 17, 2022, 08:55:42 AM |
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Whole thing depends on the market condition of cryptocurrencies. And If you look at bitcoin , when it's going to down then most of the currencies also turning to downing. When a cryptocurrency gets hit badly, the price of Bitcoin starts to fall, and all alt-coins around it start to fall. It because of the dominance of bitcoin in cryptocurrency world. And so now during the bearish season Bitcoin prices have fallen and all other coins have fallen in parallel.
Not really, what you mean about market condition is good and bad news. Good news doesn't always make Bitcoin price increase, same applies bad news doesn't always make Bitcoin price decrease. But in short term, it will effect the price since there's still many newbie and weak hand people. Just like now, there's many bad news around when Bitcoin price already go down 70% from the previous ATH, but it doesn't make Bitcoin price continue to decrease.
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Myleschetty
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July 19, 2022, 02:48:36 PM |
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Whole thing depends on the market condition of cryptocurrencies. And If you look at bitcoin , when it's going to down then most of the currencies also turning to downing. When a cryptocurrency gets hit badly, the price of Bitcoin starts to fall, and all alt-coins around it start to fall. It because of the dominance of bitcoin in cryptocurrency world. And so now during the bearish season Bitcoin prices have fallen and all other coins have fallen in parallel.
Not really, what you mean about market condition is good and bad news. Good news doesn't always make Bitcoin price increase, same applies bad news doesn't always make Bitcoin price decrease. But in short term, it will effect the price since there's still many newbie and weak hand people. Just like now, there's many bad news around when Bitcoin price already go down 70% from the previous ATH, but it doesn't make Bitcoin price continue to decrease. Acccording to my understand, there are many things that causes the dump in price (it could be bad news, mining difficulty, 4years cycle, level of demand and supply)of the Bitcoin market, and it's not every time that the altcoin follows the market trend of Bitcoin (this always happen when it altcoin season and it will happen soon) . However, the current dump in the market is due to the 4year cycles and every negative news create now is just to cause panic and to shake off the weak hands.
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Fatunad
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July 20, 2022, 12:13:27 AM |
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The price and, ultimately, the charts on any given exchange are determined by the price of the most recent transaction. How can the prices of 100s of cryptos all move in the same direction at the same time?
All matters most of the time with the price of BTC which if its on downtrend then expect that majority of coins in the market will definitely be doing on the same thing which is to go down even though there might be some coins which would really be opposing into different side but majority will really be following on the trend and you should really get used to that since not all would really be going opposite specially if the fear and greed will really be that high on specific trend.So instead puzzling and stressing yourself into these kind of times then its better to mind off yourself on determining and making actions according on what you are seeing.
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Findingnemo
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July 20, 2022, 06:52:46 PM |
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Look at the stock market the same thing happens so its literally a trend among the investors when they see price drop they try to protect their capital or profits especially who invested in short term so it ends up in following what is happening with bitcoin. But there are also data most coins went to rend when bitcoin is at its peak because people are selling their shitcoins to accumulate bitcoin so there is nothing really weird when we such instances.
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July 20, 2022, 11:46:40 PM |
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Look at the stock market the same thing happens so its literally a trend among the investors when they see price drop they try to protect their capital or profits especially who invested in short term so it ends up in following what is happening with bitcoin. But there are also data most coins went to rend when bitcoin is at its peak because people are selling their shitcoins to accumulate bitcoin so there is nothing really weird when we such instances.
Neither altcoin would follow or would really just be going down instead even bitcoin is on a bull run as said that people be easily switching up their coins and converted to bitcoin since they have seen that it already increasing it price which it would really be just common sense for you to take some action on selling it out while you are still in gains rather than making yourself missing out the action on securing your profit. Correlation in between stock/forex markets and cryptocurrencies arent really that happening most of the time.They are on different markets but the overall concept and behavior is really that the same whenever we do talk about bull runs or bearish runs.
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GreatArkansas
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July 21, 2022, 01:15:42 AM |
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The price and, ultimately, the charts on any given exchange are determined by the price of the most recent transaction. How can the prices of 100s of cryptos all move in the same direction at the same time?
As Bitcoin is the highest market capitalization among all the cryptocurrencies we have right now than most of them I believe are just following Bitcoin. So for me, especially when I am doing trading I rather trade Bitcoin than trading other altcoins especially other high market capitalization altcoins which just correlate with the price of Bitcoin most of the time, so for me, it's just the same, volume on Bitcoin is higher.
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Findingnemo
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July 21, 2022, 08:39:58 AM |
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Look at the stock market the same thing happens so its literally a trend among the investors when they see price drop they try to protect their capital or profits especially who invested in short term so it ends up in following what is happening with bitcoin. But there are also data most coins went to rend when bitcoin is at its peak because people are selling their shitcoins to accumulate bitcoin so there is nothing really weird when we such instances.
Neither altcoin would follow or would really just be going down instead even bitcoin is on a bull run as said that people be easily switching up their coins and converted to bitcoin since they have seen that it already increasing it price which it would really be just common sense for you to take some action on selling it out while you are still in gains rather than making yourself missing out the action on securing your profit. Correlation in between stock/forex markets and cryptocurrencies arent really that happening most of the time.They are on different markets but the overall concept and behavior is really that the same whenever we do talk about bull runs or bearish runs. The cryptocurrency market don't have such correlation like stocks and forex but we can't ignore the fact whenever there is huge bump or dump in stock market it has some effects on Bitcoin and the whole crypto market as well. But both investors are completely different especially the old school people who still says bitcoin is nothing but a scam so its all happening due to how people reacts when they see the market trends.
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LUCKMCFLY
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August 01, 2022, 04:26:07 AM |
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For me, the only logic that all cryptocurrencies can go up is that bitcoin has already confirmed a bullish trend, otherwise we cannot talk about a season of altcoins in green if the price of BTC can or intends to go down, it is something like that Like what was experienced in 2017, in 2021 they tried to see a possible altcoin season but the trend was not confirmed, this caused some disappointment in many, despite the fact that BTC managed to take a good ATH but it was not enough.
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deathcode
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August 01, 2022, 05:28:10 AM |
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For me, the only logic that all cryptocurrencies can go up is that bitcoin has already confirmed a bullish trend, otherwise we cannot talk about a season of altcoins in green if the price of BTC can or intends to go down, it is something like that Like what was experienced in 2017, in 2021 they tried to see a possible altcoin season but the trend was not confirmed, this caused some disappointment in many, despite the fact that BTC managed to take a good ATH but it was not enough.
on the trend that formed from the last Bitcoin pump, only altcoins with good trades were able to follow the trend of Bitcoin. not all altcoins can pump when bitcoin makes a positive trend. but from that incident, I think most altcoin traders and investors have already benefited from the bull trend that occurred. Most importantly, just take every advantage that comes your way. hoping for the new altcoin season looks like we still have to wait a little longer.
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Digital_Lord
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August 04, 2022, 01:17:28 PM |
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The price of all the coins are highly related to the price of bitcoin and whenever the worth of bitcoin become low so directly the other coins also become in dip. If bitcoin price goes up so all the other coins also enhance and elevated in its worth. So whenever the price become low select any coin wisely for investment and do not make trading or investment if the cost is highest on its peak.
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August 04, 2022, 01:26:13 PM |
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The price of all the coins are highly related to the price of bitcoin and whenever the worth of bitcoin become low so directly the other coins also become in dip. If bitcoin price goes up so all the other coins also enhance and elevated in its worth. So whenever the price become low select any coin wisely for investment and do not make trading or investment if the cost is highest on its peak.
not all of them. some altcoins sometimes still keep their prices stable when market conditions are making movements. indeed the overall situation of bitcoin will affect the altcoin market. and it all depends on how we make an investment planning policy. some people prefer bitcoin and others like altcoins. there are even some people who are fans of meme coin.
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samcrypto
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August 04, 2022, 01:42:49 PM |
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The price and, ultimately, the charts on any given exchange are determined by the price of the most recent transaction. How can the prices of 100s of cryptos all move in the same direction at the same time?
This is the trend, if the top coins goes down the thinking of the trader/investor is to save their money from the crash and that is the time for them to sell according to the market trend. This is pretty normal especially if the altcoins is paired to BTC since this is the main basis of the market, if BTC dump many will follow later on. Though some are still able to go for a different trend, but you rarely see this kind of trend most of the time, with cryptomarket BTC is the leader and the initiator of the market trend.
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justdimin
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August 04, 2022, 09:55:06 PM |
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The price of all the coins are highly related to the price of bitcoin and whenever the worth of bitcoin become low so directly the other coins also become in dip. If bitcoin price goes up so all the other coins also enhance and elevated in its worth. So whenever the price become low select any coin wisely for investment and do not make trading or investment if the cost is highest on its peak.
not all of them. some altcoins sometimes still keep their prices stable when market conditions are making movements. indeed the overall situation of bitcoin will affect the altcoin market. and it all depends on how we make an investment planning policy. some people prefer bitcoin and others like altcoins. there are even some people who are fans of meme coin. There are not many of them around, I mean sure they could give it a try but in the end it is not going to be like that for most coins. I do understand that you may end up finding a few, but it is not going to be common and it will not be long term. If the market goes down a lot, not many coin will be able to keep their prices high for a long time. Let me tell it this way, when all these coins reached their peak on the fourth quarter of 2021, have you find anything right now that would be similar price to those days? I am sure there are none. Which is why even if some managed to hold on for a while, that means we are going to end up seeing it go down eventually.
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goldkingcoiner
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August 04, 2022, 10:09:09 PM |
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I am not one hundred percent sure but I think it might also have a lot to do with whales deciding on market sentiment mostly from looking at the biggest market cap player, Bitcoin. If cryptocurrency sentiment goes down, thats just the whales shorting against stablecoins or fiat. And if the altcoin is pair-listed with Bitcoin, a lot of people push Bitcoin down even further by selling it for said Altcoin. But thats the same reason as why altcoins go higher than BTC whenever there is BTC pump. Basically thats just them longing their altcoin against Bitcoin.
I might be totally off but thats how I see it.
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TelolettOm
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August 07, 2022, 10:59:02 PM |
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The price and, ultimately, the charts on any given exchange are determined by the price of the most recent transaction. How can the prices of 100s of cryptos all move in the same direction at the same time?
Afaik, simply it may be known that the up and down price of cryptocurrency is happened because following the Bitcoin market. So far, Bitcoin still become the one that really influences the market condition. We can see that every time there is FUD for Bitcoin, or there is bearish era for Bitcoin, the altcoins will automatically follow the graphic of Bitcoin, mostly will follow the fall or rise up of the Bitcoin price. -
not all of them. some altcoins sometimes still keep their prices stable when market conditions are making movements. indeed the overall situation of bitcoin will affect the altcoin market. and it all depends on how we make an investment planning policy. some people prefer bitcoin and others like altcoins. there are even some people who are fans of meme coin. Although there may be certain token or coin that is probably opposite or stable, I don't think that will last longer, commonly only hype, and then will follow Bitcoin, too. We have seen how many other cryptos are trying to do the opposite, rising up many percentages when the BTC price is falling down, but after several days, they are dumped so much and then dropped like what happened to other cryptos.
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Munir575
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September 19, 2022, 02:19:41 PM |
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The price and, ultimately, the charts on any given exchange are determined by the price of the most recent transaction. How can the prices of 100s of cryptos all move in the same direction at the same time?
They adhere to a general trend, with Bitcoin remaining the one that they largely follow because it is still the best cryptocurrency to use. Additionally, the general mood of one sector of the market typically affects the other sectors, thus when Bitcoin is down, it certainly raises a negative mood (for the most part) in the altcoin sector. Not to suggest that altcoins don't have their own market; pumps and dumps still differ from coin to coin, but most of the time whales are controlling how much a market pumps or dumps.
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Leebabe
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September 19, 2022, 09:26:01 PM |
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BTC seems to be a big influence on the cryptocurrency market that when it goes up others follow suit as well as when it drops. Also those buying the crypto then to hold and hold all at once and those who sell also are likely to sell all at once so this definitely affects the rise and fall of cryptocurrencies
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n0ne
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September 19, 2022, 11:45:41 PM |
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Same as we've got universal law, it is common to see the entire market experience downward movement when the price of bitcoin drops. Bitcoin is the reference market over which the rest of the altcoins rely. This makes a combined movement in the market with few exceptions that have a varied market movement as they look like manipulation.
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justdimin
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September 20, 2022, 06:36:33 AM |
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The price and, ultimately, the charts on any given exchange are determined by the price of the most recent transaction. How can the prices of 100s of cryptos all move in the same direction at the same time?
They adhere to a general trend, with Bitcoin remaining the one that they largely follow because it is still the best cryptocurrency to use. Additionally, the general mood of one sector of the market typically affects the other sectors, thus when Bitcoin is down, it certainly raises a negative mood (for the most part) in the altcoin sector. Not to suggest that altcoins don't have their own market; pumps and dumps still differ from coin to coin, but most of the time whales are controlling how much a market pumps or dumps. It is understandable because people get into crypto world via bitcoin mostly, and then they start to look at other things as well. Not all people but most people buy bitcoin as their first coin, and then they could end up buying other things for bigger returns if they get greedy, or they could be like me where they end up with just bitcoin and maybe a bit of eth as well. It is clear to me that it is the best option, but also more than that we have a HUGE futures market as well, people long or short bitcoin a lot too, and that is even bigger peoples market, billions change hand there everyday which causes the market to be huge and bitcoin being bigger than all others.
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