Will the altcoin go up in price if the bitcoin price goes up?

[Jating]

I have watched the market and the price of bitcoin is going up, and I think and also usually if bitcoin goes up then the altcoins usually go up in price, for example if btc goes up 3% then altcoins always go up in the range of 7%. but what I see this time is not like that, for example if btc goes up 7% then the altcoin goes up only 3%.

It will depend on which altcoins they are. Sometimes, when Bitcoin is going up, altcoins will fall down. But if Bitcoin price is falling down, altcoins will also be falling down. However, sometimes, if BTC is sideways, altcoins may have chances to rise up. But this scheme is also not permanent. Sometimes, when Bitcoin is stably rising up with very good news, altcoins will be also following to rise up. At least we can see most of the altcoins will be also doing so very well. In this case, we can see how long altcoins will be able to survive during this kind of market, will be able to follow up Bitcoin's increase or not.

Yeah, it's not always the case, what you have describe is the most possible scenario that we have seen in the market or Bitcoin/Altcoin relationship. But I guess the majority though is that when bitcoin is in a massive run, it trickle down to the most solid altcoins in the market, so they go up as well maybe the increased is huge as compare to bitcoin. But the point is that bitcoin is that influential to them, that a simply blip in the price will affect everyone. And it's only a small percentage that altcoin moved itself alone without the influence of bitcoin in the market, that rarely happen.

[b3j0]

not really, without altcoins the crypto world looks very lonely because there is no alternative for investment other than bitcoin. the percentage increase or decrease in the price of bitcoin and altcoins does not have to be the same because bitcoin and each altcoin have different markets and investors.

[D ltr]

that's the current state of the market, one lucky if the altcoin has increased along with btc, let alone directly touching 7% of the increase in btc. because as long as I see altcoins tend to be stable first and then experience a gradual increase when BTC has been going a little fast

[Stella Mese]

usually if the price of bitcoin goes up then the altcoins will slowly go up, but in my opinion the market this time will be difficult to predict because it can be said that we are in between a bear market and a bull market, so it can be said that there are still many people who are hesitant to enter altcoins because of the situation the market.
but in my opinion sometimes the market doesn't always work as we think.

[GreatArkansas]

I have watched the market and the price of bitcoin is going up, and I think and also usually if bitcoin goes up then the altcoins usually go up in price, for example if btc goes up 3% then altcoins always go up in the range of 7%. but what I see this time is not like that, for example if btc goes up 7% then the altcoin goes up only 3%.

and I want to ask you all what caused the market situation to be like that? and have people started distrusting altcoins or what?

For me about Bitcoin and altcoins, the price of altcoins may be influenced by the price of Bitcoin, but it's not guaranteed that they will go up in price if Bitcoin's price rises.
It will not be always accurate but even before, sometimes after Bitcoin is pumped, altcoin follows which for me is the relationship between Bitcoin and altcoins can be complex.

[Bazzu]

I have watched the market and the price of bitcoin is going up, and I think and also usually if bitcoin goes up then the altcoins usually go up in price, for example if btc goes up 3% then altcoins always go up in the range of 7%. but what I see this time is not like that, for example if btc goes up 7% then the altcoin goes up only 3%.

and I want to ask you all what caused the market situation to be like that? and have people started distrusting altcoins or what?

For me about Bitcoin and altcoins, the price of altcoins may be influenced by the price of Bitcoin, but it's not guaranteed that they will go up in price if Bitcoin's price rises.
It will not be always accurate but even before, sometimes after Bitcoin is pumped, altcoin follows which for me is the relationship between Bitcoin and altcoins can be complex.

yes, your explanation makes sense too, and I also think almost the same as you, and indeed the market situation is very difficult to predict as well as bitcoin and altcoins which of course will be difficult to predict, especially now that there are more and more altcoins. so it could be that altcoins will be slow to follow btc.

[Luffygroove]

Hmm, it seems I have a different understanding of this; I'll recheck later. So based on my experience, before altcoins soar high, it's always bitcoin's price that increases first, and then most people's attention will be fixed on bitcoin and trading volume will be increasing significantly. This will increase the bitcoin dominance score and make the altcoin prices go down because there's less demand for altcoins and they all go to BTC. After BTC reaches its ATH or new ATH, people start to sell their BTC and turn their investment to the altcoins in order to buy at the lower price and sell at the higher price. This is when the BTC dominance score started to decrease.

[mich]

Well this is what we do see when the price of Bitcoin goes up. When the price of Bitcoin goes up it will be expected that the price of second biggest coin on coinmarketcap Ethereum will go up also.  If Bitcoin price is in the green you will see the atl coins in the green also.

It is very much common for Bitcoin and Ethereum. The other alt coins also but we can see both of them in the green or both of them in the red at all times. The alt coins that we do see in green when Bitcoin is in red are alt coins that I do not trust and these might be pump and dump coins.

[Pelana vreo]

such is the current situation, price will always follow Bitcoin

If an altcoin is paired with USD on an exchange, chances are something else will happen, but some crypto exchanges and LP providers on Dex exchange will provide BTC and other altcoin pairs such as ETH/BTC.

 

[Mr. Magkaisa]

I have watched the market and the price of bitcoin is going up, and I think and also usually if bitcoin goes up then the altcoins usually go up in price, for example if btc goes up 3% then altcoins always go up in the range of 7%. but what I see this time is not like that, for example if btc goes up 7% then the altcoin goes up only 3%.

and I want to ask you all what caused the market situation to be like that? and have people started distrusting altcoins or what?

    -  No, there are still many people who believe in altcoins, now if the opportunity comes to kick Bitcoin's value continuously, the majority of altcoins will not be able to keep up, especially if they are not among the top cryptocurrencies in the market.

But, there are some altcoins that for sure can follow or keep up with the rise of their value even if we say they are volatile, and this is what I found based on my research during the last bull run.

[southerngentuk]

I have watched the market and the price of bitcoin is going up, and I think and also usually if bitcoin goes up then the altcoins usually go up in price, for example if btc goes up 3% then altcoins always go up in the range of 7%. but what I see this time is not like that, for example if btc goes up 7% then the altcoin goes up only 3%.

and I want to ask you all what caused the market situation to be like that? and have people started distrusting altcoins or what?

But what you have seen and you need to remember is that this market does not have a fixed formula for the rate of increase or decrease between btc/alt, this market is very volatile and watching the movement of money is something that many people probably know but don't always apply effectively.
We can easily see when BTC goes up, which can also create different circumstances, so consider the state of the market for even more different analysis. And at this stage I see we are slowly exiting the bear market, and in my opinion that the btc halving is also coming and this may be the reason for this market to increase rapidly in the near future, and I Hopefully things will change soon from the end of this year.

[Bollexz1]

Bitcoin hold the keys to all these altcoins, whenever bull or bear cycle wanted to happen, Bitcoin reacts first and these altcoins act upon its reaction. This is why investors/traders focus more on the response of bitcoin to the market.

[disconnectme]

This is usually an issue for Altcoins, especially at the beginning of the bull market when the market is bottoming out, liquidity is a very big issue for Altcoins and when there is no liquidity, the spread will increase, if BTC pumps 10%, the Altcoins pump 2% and when BTC dumps 2%, Altcoins dumped 10% or even more. This period is for buying the right projects you want to hold for the next bull run, if you want to trade then you need to be very careful not to lose your money to the chop.

[Xal0lex]

Hmm, it seems I have a different understanding of this; I'll recheck later. So based on my experience, before altcoins soar high, it's always bitcoin's price that increases first, and then most people's attention will be fixed on bitcoin and trading volume will be increasing significantly. This will increase the bitcoin dominance score and make the altcoin prices go down because there's less demand for altcoins and they all go to BTC. After BTC reaches its ATH or new ATH, people start to sell their BTC and turn their investment to the altcoins in order to buy at the lower price and sell at the higher price. This is when the BTC dominance score started to decrease.

You are describing the classic behavior of bitcoin and altcoins in the crypto market. This is often the case. Investors understand that it becomes much harder to pump bitcoin and they transfer their funds into altcoins, then, when bitcoin goes into a correction, the transfer of assets continues into bitcoin again and this can be repeated several times until the bull run itself loses its strength and the market goes into a global bearish stage. Sometimes, when bitcoin already starts to go into a global correction, some altcoins can still show crazy growth, as was the case, for example, in 2018.

[Ziskinberg]

I have watched the market and the price of bitcoin is going up, and I think and also usually if bitcoin goes up then the altcoins usually go up in price, for example if btc goes up 3% then altcoins always go up in the range of 7%. but what I see this time is not like that, for example if btc goes up 7% then the altcoin goes up only 3%.

and I want to ask you all what caused the market situation to be like that? and have people started distrusting altcoins or what?

It happens but not always and also, not all altcoins will follow the trend of Bitcoin as some will just keep low and no movements happen especially for useless coins. The situation had come to this because it was a crypto market and whatever happens to Bitcoin will also give an impact on altcoins. It was hard to have an explanation for this situation aside from being volatile and shared market connection.

We can't assume that people are only buying Bitcoin but they are also buying altcoins as well that is why we can see the entire market is growing once Bitcoin pumps and it is the same when it dumps.

[bluebit25]

I have watched the market and the price of bitcoin is going up, and I think and also usually if bitcoin goes up then the altcoins usually go up in price, for example if btc goes up 3% then altcoins always go up in the range of 7%. but what I see this time is not like that, for example if btc goes up 7% then the altcoin goes up only 3%.

and I want to ask you all what caused the market situation to be like that? and have people started distrusting altcoins or what?

Yes, I see altcoins as bullish if bitcoin prices rise. Often when the price of bitcoin rises, altcoins will also be positively affected by the increase in the value of the crypto market as a whole.
However, the price increase of each altcoin will depend on various factors such as the development of the project, the interest of the community, and news related to that altcoin. Remember, the cryptocurrency market is very volatile and can change at any time, so investing in altcoins should be done carefully and with a clear investment plan.

[yazher]

This is most likely the case but you need to understand that not all coins will have the same fate because others will not even budge when the price of bitcoins is drastically increasing. That's because the project is not legit and there was no development going on rather these kinds of coins will gonna just dramatically fall its price and never return at all. That's why you really need to be careful when it comes to your investment in altcoins because these kinds of scenarios are always the case and also even if the bitcoin price will rise.

[Bazzu]

Hmm, it seems I have a different understanding of this; I'll recheck later. So based on my experience, before altcoins soar high, it's always bitcoin's price that increases first, and then most people's attention will be fixed on bitcoin and trading volume will be increasing significantly. This will increase the bitcoin dominance score and make the altcoin prices go down because there's less demand for altcoins and they all go to BTC. After BTC reaches its ATH or new ATH, people start to sell their BTC and turn their investment to the altcoins in order to buy at the lower price and sell at the higher price. This is when the BTC dominance score started to decrease.

indeed, now that you see the market, there are so many people queuing to buy bitcoin, whereas for altcoins the volume is not too high, so it could be that what you say is true, and apparently you also have a lot of experience in the crypto world, thank you friends for the explanation. ..

[Sebas.tian]

Bitcoin hold the keys to all these altcoins, whenever bull or bear cycle wanted to happen, Bitcoin reacts first and these altcoins act upon its reaction. This is why investors/traders focus more on the response of bitcoin to the market.

The response of Bitcoin has made many traders to invested huge amount of money on Bitcoin and invested little money on altcoins, because whenever the price of Bitcoin is pumping in the market then altcoins price will be pumping too which many traders are aware of that in the community. Now that the price of Bitcoin and altcoins is increasing to hit higher next month of April to allow those that purchased Bitcoin and altcoins some years ago to get ready to embrace massive income from their investments. I think, Bitcoin price always give strength to altcoins price to increase because it hard for altcoins price to increase higher for Bitcoin price to decrease which are some of the things traders learned to use the price of Bitcoin to determine the price of altcoins. 

[Rasa nanas]

I think it's too much to say that interest in altcoins is declining just because the percentage increase in altcoin prices is lower than BTC. I think it's common for this kind of thing to happen, sometimes the percentage increase in the price of BTC is more than that of altcoins and vice versa. the percentage increase in altcoin prices does not have to be higher than BTC