ItsCrafty
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September 20, 2022, 07:32:54 AM |
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I believe that bitcoin is the fastest and well known coin and has more high in status so when the market is not well therefor all the coins are clearly to adopt themself in that pattern in which bitcoin goes whether its good or bad but actually it is accordance with the market and also with that of bitcoin but as the market adopt finer status so other coins also do that.
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Smitty Werben Man Jensen
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September 20, 2022, 07:53:34 AM |
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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.
When it comes to Bitcoin I think almost everyone already knows that Bitcoin is the benchmark for other coins, the movement of altcoins depends on the movement of Bitcoin itself, even so not all coins are like that and indeed for now the market movement tends to go down
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Flexystar
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September 20, 2022, 11:42:08 AM |
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Mostly I mk4 seems correct in this thread. There is no other reason than bitcoin taking the whole crypto down and up at the same time. More or less it seems bitcoin price is paired with altcoins which means alts will ultimately have to correct them proportionately and you guessed it right, it will happen by following the price trend of bitcoin in their volume.
After few corrections this trend is also seem to be disconnecting from the bitcoin as different coins are invested according to market situation and then that particular volume determines the exact trading chart pattern thereafter. Not sure if this logic is correct but it's not disagreeable either.
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palle11
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September 20, 2022, 01:34:20 PM |
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After few corrections this trend is also seem to be disconnecting from the bitcoin as different coins are invested according to market situation and then that particular volume determines the exact trading chart pattern thereafter. Not sure if this logic is correct but it's not disagreeable either.
The trading volume of bitcoin do determine what happens in other coins and this is why the fall of activities or price in bitcoin bring same drop in most coins except few coins pumping by the group. What happens is that during the halving you see bitcoin investment increasing higher and the spillover is felt in altcoins investment, so all the coins go in green but when bitcoin drops, the same thing happens.
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RealMalatesta
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September 21, 2022, 02:20:19 PM |
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Mostly I mk4 seems correct in this thread. There is no other reason than bitcoin taking the whole crypto down and up at the same time. More or less it seems bitcoin price is paired with altcoins which means alts will ultimately have to correct them proportionately and you guessed it right, it will happen by following the price trend of bitcoin in their volume.
After few corrections this trend is also seem to be disconnecting from the bitcoin as different coins are invested according to market situation and then that particular volume determines the exact trading chart pattern thereafter. Not sure if this logic is correct but it's not disagreeable either.
Yeah true, bitcoin has that kind of power and people are aware of it, I am not saying that it will always be like this but at the same time it is going to be easy to predict where alts will go when bitcoin moves. There is this whole concept of bitcoin is being crypto, and yes there are thousands of other alts but we have nearly all of them combined being equal to just bitcoin itself, not yet but quite close, that is why all others do not matter that much, they move according to bitcoin and we should be watching just bitcoin alone to understand where the money is going. That's going to be pretty easy to calculate and invest accordingly for sure, if you just check one coin and its chart.
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kesmex
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September 21, 2022, 02:41:48 PM |
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After few corrections this trend is also seem to be disconnecting from the bitcoin as different coins are invested according to market situation and then that particular volume determines the exact trading chart pattern thereafter. Not sure if this logic is correct but it's not disagreeable either.
The trading volume of bitcoin do determine what happens in other coins and this is why the fall of activities or price in bitcoin bring same drop in most coins except few coins pumping by the group. What happens is that during the halving you see bitcoin investment increasing higher and the spillover is felt in altcoins investment, so all the coins go in green but when bitcoin drops, the same thing happens. It can be said that altcoins are still dependent on the movement of Bitcoin, indeed not all altcoins are like that but basically there is nothing to worry about, Besides that, the current condition seems to be affecting
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maydna
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September 21, 2022, 06:22:04 PM |
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It can be said that altcoins are still dependent on the movement of Bitcoin, indeed not all altcoins are like that but basically there is nothing to worry about, Besides that, the current condition seems to be affecting
We know that the movement of altcoins will be influenced by the movement of bitcoin and wherever bitcoin moves, altcoins will be behind it. But don't worry because, at this time, we are still allowed to buy potential altcoins that can increase later so that if we use this moment to buy, we can hope to get big profits later. But still be careful because there will be news that will invite us to buy certain coins, and do not immediately follow the news but look for other information so that the news does not deceive us.
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Oceat
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September 21, 2022, 06:43:35 PM |
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It can be said that altcoins are still dependent on the movement of Bitcoin, indeed not all altcoins are like that but basically there is nothing to worry about, Besides that, the current condition seems to be affecting
We know that the movement of altcoins will be influenced by the movement of bitcoin and wherever bitcoin moves, altcoins will be behind it. But don't worry because, at this time, we are still allowed to buy potential altcoins that can increase later so that if we use this moment to buy, we can hope to get big profits later. But still be careful because there will be news that will invite us to buy certain coins, and do not immediately follow the news but look for other information so that the news does not deceive us. Doing some proper research will help them to save the hassle later and I think it's more riskier to invest on altcoins than on Bitcoin. For some reason Bitcoin has a cycle when it's time to bull run or bear we will know but somehow there are no signs or pattern that would save us if a certain altcoin would pump or dump but it's certain that they would dump eventually. That's why I think it's riskier to invest on altcoins but because of their unexpected movement somehow most of these coins wouldn't follow the lead of Bitcoin despite of the market situation.
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Mahanton
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September 21, 2022, 08:39:42 PM |
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It can be said that altcoins are still dependent on the movement of Bitcoin, indeed not all altcoins are like that but basically there is nothing to worry about, Besides that, the current condition seems to be affecting
We know that the movement of altcoins will be influenced by the movement of bitcoin and wherever bitcoin moves, altcoins will be behind it. But don't worry because, at this time, we are still allowed to buy potential altcoins that can increase later so that if we use this moment to buy, we can hope to get big profits later. But still be careful because there will be news that will invite us to buy certain coins, and do not immediately follow the news but look for other information so that the news does not deceive us. Doing some proper research will help them to save the hassle later and I think it's more riskier to invest on altcoins than on Bitcoin. For some reason Bitcoin has a cycle when it's time to bull run or bear we will know but somehow there are no signs or pattern that would save us if a certain altcoin would pump or dump but it's certain that they would dump eventually. That's why I think it's riskier to invest on altcoins but because of their unexpected movement somehow most of these coins wouldn't follow the lead of Bitcoin despite of the market situation. If you are someone doesnt love on taking risk then it would be better on sticking on investing on Bitcoin which it might not really be that giving out assurance but you know that the potential is really there. Speaking about trend then it would really be that expected that Bitcoin would be the main trend setting because if this one do runs on a bearish state then expect that majority of altcoins will really be following. Although, there might be some coins which could really go on opposite direction, thats why its really that totally unpredictable as we do all know.Making up some research is always been recommendable. You cant really just make out some buying entry points on random manner because thats just basically gambling on the first place.
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lalabotax
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September 21, 2022, 09:16:17 PM |
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The simple thing is because this time is a bearish time when the market is experiencing crashes. The major factor is that the crypto market always follows Bitcoin. Once Bitcoin is dropped, all altcoins mostly will also drop. The dominance of Bitcoin cannot be ignored. Moreover, we know also that Bitcoin will always have a cycle of the bearish and bullish eras. So, this is simply happening. We know that the movement of altcoins will be influenced by the movement of bitcoin and wherever bitcoin moves, altcoins will be behind it. But don't worry because, at this time, we are still allowed to buy potential altcoins that can increase later so that if we use this moment to buy, we can hope to get big profits later. But still be careful because there will be news that will invite us to buy certain coins, and do not immediately follow the news but look for other information so that the news does not deceive us.
Yes, however, be careful because it is sometimes tricky, where we think that the coins are worthy and potential for long-term investment to prepare for the bullish era, but unfortunately, the coins may be rug pull and others. That is why this needs certain analysis to the coins to take, at least we have tried to pick the right one. However, we must also do some diversification to avoid being lost at all in one coin.
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Vaculin
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September 21, 2022, 09:52:26 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?
Because all the coins in the crypto market are just dependent on whatever the price of bitcoin will be. Bitcoin is the driving factor in crypto, so whatever it’s price will create a huge impact on the rest of the coins. If bitcoin is bullish, most likely the whole market will be lively and bullish too. Same goes when bitcoin is bearish, the whole market will sympathize and end up being low priced too.
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yhiaali3
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September 22, 2022, 02:46:43 AM |
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In addition to what was mentioned by members about the role of bitcoin, I believe that arbitrage bots play a big role in standardizing prices between different exchanges, these bots look for price differences in coins between all the different exchanges and when it find a price difference it immediately buy automatically from the exchange Which has a lower price and sell in the exchange that has a higher price, and thus through this arbitrage, the price gaps are filled.
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maydna
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September 22, 2022, 04:05:31 AM |
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~snip~
Doing some proper research will help them to save the hassle later and I think it's more riskier to invest on altcoins than on Bitcoin. For some reason Bitcoin has a cycle when it's time to bull run or bear we will know but somehow there are no signs or pattern that would save us if a certain altcoin would pump or dump but it's certain that they would dump eventually. That's why I think it's riskier to invest on altcoins but because of their unexpected movement somehow most of these coins wouldn't follow the lead of Bitcoin despite of the market situation. In addition, altcoins follow where bitcoin moves, so that is a hassle for us in choosing the right altcoin. And even though we can invest in the right altcoin, that doesn't guarantee that the altcoin will move on its own because the altcoin still follows the movement of bitcoin. Instead of taking the risk of investing in altcoins, maybe we can choose bitcoin as the main investment so that we don't take too big risks in investing in crypto. Investing in altcoins is only for people who can accept the deep downside risks that often occur in altcoins. So choose an investment that suits you. ~snip~
Yes, however, be careful because it is sometimes tricky, where we think that the coins are worthy and potential for long-term investment to prepare for the bullish era, but unfortunately, the coins may be rug pull and others. That is why this needs certain analysis to the coins to take, at least we have tried to pick the right one. However, we must also do some diversification to avoid being lost at all in one coin. By remaining careful, we can determine what coins we want to invest in and the analysis we do. It will also help us find good coins to invest. You can diversify if you can accept the risk of having trouble managing your investments. But if not, better not do it because it will be better for you.
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Hamphser
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September 23, 2022, 06:39:02 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?
Because all the coins in the crypto market are just dependent on whatever the price of bitcoin will be. Bitcoin is the driving factor in crypto, so whatever it’s price will create a huge impact on the rest of the coins. If bitcoin is bullish, most likely the whole market will be lively and bullish too. Same goes when bitcoin is bearish, the whole market will sympathize and end up being low priced too. Altcoins will always rely on the situation of Bitcoin because as the king of all cryptocurrencies, it always dominates the market. That's the reason why most altcoins pump during the bullish season and dump along with the price of Bitcoin when the bearish situation occurs. But that doesn't mean that altcoins that follow the movement of Bitcoin are all reliable. You still have to be wise in choosing. The legitimacy of coins that we're investing in always matters because even scam projects go along with the value of Bitcoin. It would always be on that way and just like been said that Bitcoin is the main coin which the market would really be following.If it crashes or decline its price then it would really be dragging along all of altcoins in the market which would really make the entire market looks red or bloody.This is the common scenario which do really happens on this market and this is why you should really know on how to play along if you are really having the plans on making profits out of it but of course it does always accompanies with risk on every decision that you would make. Expect the unexpected as always.
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teosanru
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September 23, 2022, 09:09:08 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?
It's because Crypto prices follow a very foolish phenomenon where people or maybe the big traders see BTC as the barometer of the market which means if BTC is bullish rest everything will be bullish and you'll be in a bull run but if BTC is bearish everything will become bearish and you'll be in a bear run. I somehow feel it's because of the great BTC dominance as it still has 40% of the market cap of the total market but it still pretty foolish of all of us to know this and still believe in this.
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jossiel
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September 23, 2022, 09:50:31 PM |
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Altcoins will always rely on the situation of Bitcoin because as the king of all cryptocurrencies, it always dominates the market. That's the reason why most altcoins pump during the bullish season and dump along with the price of Bitcoin when the bearish situation occurs.
This has always been the matter. The market is being led by bitcoin and all of the cryptos are going on where it goes. That's why, most of the alts are also going down when bitcoin is down. And if they haven't seen it yet, during the bull run, it's like the most profitable days as bitcoin moves up then many of the altcoins are also moving up together with bitcoin. But that doesn't mean that altcoins that follow the movement of Bitcoin are all reliable. You still have to be wise in choosing. The legitimacy of coins that we're investing in always matters because even scam projects go along with the value of Bitcoin.
True, because some of them go inversely.
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Viscore
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September 24, 2022, 09:46:19 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?
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. It is because bitcoin’s price influences the whole crypto market. So if ever you trade with altcoins, there are high chances that you will fail in trading as bitcoin suddenly dump its price and affects most of the altcoins. That is why most of us would want to prioritize bitcoin trading not only because of its higher volume, but the amount of returns is obviously bigger than trading with altcoins.
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jaberwock
Legendary
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Activity: 2646
Merit: 1074
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September 25, 2022, 09:15:00 PM |
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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.
It is because bitcoin’s price influences the whole crypto market. So if ever you trade with altcoins, there are high chances that you will fail in trading as bitcoin suddenly dump its price and affects most of the altcoins. That is why most of us would want to prioritize bitcoin trading not only because of its higher volume, but the amount of returns is obviously bigger than trading with altcoins. I think it's just wise to use btc for all activities that we do (i.e trading, investing or even when gambling) as no one can drag this coin but if you pick up other coins, there's a chance that btc can fall and it can only be dragged away, losing your gains. There's also no guarantees that when btc recovers, that alt/tok can recover because many of them are too shady. In terms of return or profit potential, many believe that newer tokens or altcoins can supply it and not bitcoin. They think the growth rate of btc have becoming slower from time to time because its base price is already high. Well, that's up to them if they are also willing to take big risk.
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freedomgo
Legendary
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Activity: 3192
Merit: 1152
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September 25, 2022, 09:34:56 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.
The whole crypto coins in the market are said to be much dependent on the movement of bitcoin. Whatever the price condition of bitcoin, altcoins also follow. It is because bitcoin is the only crypto that drives the whole crypto market system, if it’s bullish then altcoins will also follow a bullish price, and if bitcoin experience it’s dip and drops it’s price suddenly, altcoins will also struggle and stay in a low value.
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LUCKMCFLY
Legendary
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Activity: 2506
Merit: 1870
Leading Crypto Sports Betting & Casino Platform
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October 10, 2022, 12:13:00 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. It is because bitcoin’s price influences the whole crypto market. So if ever you trade with altcoins, there are high chances that you will fail in trading as bitcoin suddenly dump its price and affects most of the altcoins. That is why most of us would want to prioritize bitcoin trading not only because of its higher volume, but the amount of returns is obviously bigger than trading with altcoins. Well for this and many other reasons, it is that Bitoin is considered and is the King of everything, because without Bitcoin there would be no altcoins, much less tokens, sometimes it makes me laugh to see some threads where there are projects that say and affirm that they do not they will depend on bitcoin and that they will be bigger than bitcoin, that is a wrong statement that doesn't make any sense, the reason why bitcoin is king, is because it has a life of its own, another altcoin has no life of its own, and if bitcoin goes below, all the altcoins, tokens bleed with great intensity, if bitcoin goes into an upward trend as in 2018, it is when the altcoin season begins.
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