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

[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?

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[wxa7115]

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?

That is just the way the cycles of this market work, the bear market finished not long ago and investors are still very cautious about how they invest their money and they prefer to take the safest choice they can at the moment, and there is no doubt that investors are picking bitcoin as their safe haven.

However once the memories of the bear market fade and the bull market becomes more apparent investors will be willing to take higher risks, and this is when altcoins begin to outperform bitcoin, a process most commonly known as the altcoin season.

[Mr.sprin]

Bitcoin is like a king for other alcoins, you can pay attention to every step of bitcoin, then alcoins follow it, for example, now that the price of bitcoin has dropped dramatically, the price of alcoin has also fallen and vice versa, if the price of bitcoin has risen, the price of alcoin has also gone up, this is not because there is no trust in alcoin but indeed bitcoin is a big coin there are no big coins other than bitcoin so it is very appropriate for alcoin to follow in the footsteps of bitcoin it is just my assumption that if something is missing please cross it out.

[adzino]

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's true that altcoins most of the time follow Bitcoin's price movements, but it's not always a direct correlation. Sometimes, altcoins might react differently due to various factors like market sentiment and hypes that are created due to project updates. If you look at the charts, you will notice that most of the times, when the price of bitcoin when up fast, other altcoin had the same change, but also when the price of bitcoin started to drop, the altcoins started to drop even worse. Bitcoin can give a general direction to the market, there's no guarantee that alts will always follow the same pattern since the market is very volatile and unpredictable.

[Strongkored]

Bitcoin is the pattern of the crypto market, when the price rises it will affect altcoins, but from every time I notice the increase in altcoins only in usd terms but the value of altcoins in btc remains unlike the previous price. So only a few altcoins can be kept for the long term the rest are only for taking short-term profits because in the end BTC still provides more certain profits except for a few altcoins such as ETH, BNB and Dogecoin and others whose development is quite clear and directed.

[jossiel]

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?

You have to remember that the market is too unpredictable and that's why it's not always correlated for its pumps. Sometimes they are and sometimes they're not.

As we can see, there have been times that it was inversely proportional and sometimes it was the explanation that you've mentioned.

This is how the market works and there's no exact and accurate calculations for the gains and losses that bitcoin and altcoins are getting.

[robattfield]

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?

First of all I want you to forget all about the calculation formula that you apply to this market here.
We all see things moving along their own level of hierarchy. And lately we've seen the market react to big economic news. And I also find that all the positive things are happening, the BTC/altcoin relationship will always be observed regardless of the time of the market, so don't push yourself too hard.

[NdaMk]

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?

All altcoins follow the bitcoin trend. The percentage increase is sometimes associated with the hype around that particular coin. The likes of Solana and ETH moves in almost same percentage as bitcoin while there meme coins move much higher. But in all they all follow bitcoin trend just that the percentage increase or decrease aren’t predictable

[ultrloa]

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?

Not all the altcoins but most of them will follow bitcoins pump especially those alts which have solid foundation and have big community which can support it. Also you need to see the dominance of bitcoin since sometimes this could make the price of alts go stable or dump in short instances so follow the market and do proper calculations since there are times that market doesn't came up with our expected scenarios to come.

[rahulzx]

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?

According to the previous data, Yes, it's possible for the price of altcoins to go up if the price of bitcoin goes up. This is because altcoins are often traded against bitcoin on cryptocurrency exchanges. When the price of bitcoin increases, it can create more demand for altcoins as well, which can cause their prices to rise. However, it's important to remember that the prices of altcoins can also be influenced by a variety of other factors, such as their own unique features, adoption rates, and market trends.

[cryptoaddictchie]

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

Due to a lot of scams happening in the market. Yes we can conclude that altcoins are less trusted than our major coin bitcoin. You could say that its the most effective coin. So the other coins are depending on the price of the it. We can surely see how bitcoin affect the altcoin market if ever there is a crash happened or anything that market makes it move.

[MAAManda]

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

This is all about Marketcap (MC) and also the pairing that occurs between Bitcoin (BTC) and altcoins. Even, not all altcoins will follow the movement of Bitcoin (BTC) price, usually only the top altcoins get a real impact from the rising or falling price of Bitcoin itself. And about the phenomenon you said, people aren't distrusting altcoins anymore, but it's true that the hype is going around Bitcoin (BTC) right now, and as we know that next year Q1 we're going to see the halving of Bitcoin.

[Xal0lex]

There are times in the market when all the money overflows into bitcoin and only bitcoin grows, and altcoins take a back seat. That's why at such moments you don't see the usual growth, now it is bitcoin bullrun, when money flows from different markets into bitcoin. There are also altcoin bullruns when altcoins are growing the most and bitcoin, on the contrary, is falling in value.

[Kalchef]

Bitcoin dominance has increased compared to last month and this has greatly affected all altcoins right now, so when Bitcoin losses 10% in price expect altcoins to lose more and this will go on for a while, there will be some bigger panic if at this point Bitcoin goes back under 25k, altcoins will bleed even more.

[Oasisman]

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?

This has been explained many times. A simple explanation to that is because Bitcoin is the leading cryptocurrency of all and because of that most of the altcoins in the market is valued in Bitcoin. Most people dont just buy altcoins directly with their fiat, instead they buy Bitcoin first and then trade it with another altcoin and vice versa. So in that manner, every transactions with the altcoins in the market, Bitcoin is always involved in the trading, thus Bitcoin price moves as well as the altcoins. But be careful since not all altcoin follows Bitcoin's price, you should still have your own due diligence.

[Cornia]

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?

The current market situation is a little different. Now we can see only Bitcoin growth and Altcoins are not growing compared to that. Actually it's not actual bullrun. It can be bulltrap. When the actual bullrun comes, Bitcoin and altcoins rise at roughly proportional rates.

[blockman]

and have people started distrusting altcoins or what?

The distrust of altcoins just happened when they were no longer viable. It's due to the hype that has been made and when the volume has decreased.
There have been distrusted altcoins and those are the ones that have been once popular but then the hype died and they have become afloat in the market.
Everyone will understand why altcoins are going up and that's thanks to bitcoin for every cycle that it gives especially during the bull run as it contributes a lot.

[vv181]

Market movements are not as predictable as that. Setting up a rough range of numbers, such as you stated, when the market goes up is too simplified for the movements. Generally, the reason why the altcoins market follows bitcoin in terms of prices is that the cryptocurrency market is tightly knitted with bitcoin, and there is also triangular arbitrage that involves bitcoin and other cryptocurrencies. That is one of many things that affect the prices.

Now, when the range doesn't follow your past prediction, it does not mean people start to leave the altcoin market. There are just many variables that affect the market.

[traderethereum]

That's because the current crypto market situation changed compared to a few years ago.
It's possible that there are more people holding bitcoins than altcoins right now so this is affecting the altcoin market and can only make altcoin prices go up a bit.
But I think if the altcoin season comes this year or next year, altcoin price movements can be wilder than now, which can make altcoin prices go up.
People still believe in altcoins but maybe they want to get more profit from bitcoin so they accumulate more bitcoins than altcoins.

[Cadaver20]

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%.

Normally, when Bitcoin rises, other altcoins also rise. We saw during the last bullrun that first bitcoin rose and then altcoins rose in tandem with bitcoin. It still appears so. If bitcoin rises continuously, altcoins will definitely rise even if a little late.