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

[Natalim]

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Well imagine being an investor then investing to Bitcoin first. You would think of diversifying your investments, right? That would lead to buying any other coins in the market at the time. Surely you already know where it is going.

From that people would invest to any other coin in the market after they bought their Bitcoin. It has been like that in the market. Just like the usual market outside, when apples rise in price, there's common scenarios that even oranges and strawberries rise in price especially when they're almost biologically similar to each other.

Smart investors don't just keep and stick to a single coin like having Bitcoin alone. Perhaps, there are a lot of altcoins that are also good for investment and seem profitable which as an investor can't just ignore them but rather get them and buy more. Diversification is a valid reason and investors keep doing this as they wanted to grow their profit. In fact, the market is designed to be like that, buy and sell really happens in crypto. And they'll buy altcoins because of the trust and they believe that the price will rise together with Bitcoin.

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[Ozero]

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 is hardly possible to apply any formulas and ratios between the rise in the price of bitcoin and altcoins. There is no absolutely identical situation in the cryptocurrency market in order to work out the exact dynamics of their growth. Usually, if bitcoin starts to show a good price increase, altcoins are a bit late at first and only then start to follow bitcoin. But even this is not a pattern. This process is largely influenced by positive or negative news on the cryptocurrency market, and all this is intertwined each time into a special, individual situation, which has a decisive impact on prices.

[Bay_Harbour_Butcher]

I think the price of altcoins will always follow the price of bitcoin, so when bitcoin has increased, altcoins will start to slowly follow the increase in bitcoin too, but this does not mean that all altcoins will go up

[Iadegbola34]

The price action of altcoins isn't 100% dependent on that of Bitcoin. Although, altcoins are heavily dependent on bitcoin but they can still make individual move without the influence of bitcoin to some extent. So it's absolutely normal for a 7% rise in bitcoin price to cause altcoins to increase by 3% and it is also normal for a 3% increase in price of bitcoin to cause 7% increase in the price of altcoins.

The correlation between the two is undeniable, when the price of bitcoin goes up altcoins go up, and when the price of bitcoin goes down the same happen with altcoins, not only this is something we can see, this is something which can be accurately measured as well, and if you do you will find out the correlation between the two is too high.

So while someone can invest in altcoins right now and hope for the best, it would be better for them to just invest in bitcoin and wait until the bull market comes, and if that time they still want to invest in altcoins then they can finally do so.

Last time I checked, Bitcoin dominance isn't up to 50%. Like I said altcoins can make drastic move on their own prolly due to some news or updates about the project. New listing can drive the price of altcoins upward or downward without the influence of whatever the price action of BTC is. Airdrop news can also change the price action of altcoins drastically without the influence of BTC.

[nurilham]

I think the price of altcoins will always follow the price of bitcoin, so when bitcoin has increased, altcoins will start to slowly follow the increase in bitcoin too, but this does not mean that all altcoins will go up

Not every altcoin follows Bitcoin price, but it is true that most altcoins follow Bitcoin price trend. It means if Bitcoin constantly continues increasing its price, most altcoins will increase their prices as well. Since altcoins are more volatile, their price increase will be more significant. But not all altcoins will experience the same, shitcoins or meme coins may not follow it since the factor to increase their prices are the hype. So, we must be careful to choose the altcoins to hold because not all of them will be pumped as Bitcoin.

[Psynthax]

this is the reason diversifying could be somewhat futile attempt if not done right because whats the point of diversification if all the coin follow one trend in unity.
but good altcoin will definitely try to hold its value despite the fact that bitcoin is falling and increase when there's altcoin seasons.
after all the natural law of altcoin in general is always following bitcoin.

[lobo13hf]

That isn't always the case, you will find out some of the gems that could go against the wave, in which they'd stand unwavered despite the bitcoin correction waves incoming.
some of the coin that could go against the wave are also meme coin in which the price sentiment depends on some shill coming from influencers, so it's not true that all altcoin will go up if btc go up but some of them.

[samcoin]

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?

Altcoins usually follow the total crypto market cap value, not Bitcoin specifically, but the new money used to buy Bitcoin the most in a bear market as it's the safest bet. However, after Bitcoin's price gets stable at some point, money will flow from Bitcoin to altcoins, which will then rise to a most likely higher percentage than what Bitcoin made. Generally, what controls this correlation is the Bitcoin dominance chart, so you should watch this chart if you want to know when altcoins are going to rise, because when Bitcoin dominance reaches a certain point, the dominance will start to drop, causing altcoins to rise.
Actually, the number of altcoins now is much higher than a few years ago, which decreases the portion every alt gets from the new capital that's joining the market. Unfortunately, a lot of altcoins projects are scams, and there's no way to prevent them from joining the market due to the lack of regulations, so trustworthy projects might suffer injustice in terms of valuation.

[CarnagexD]

I think altcoins are often influenced by the performance of Bitcoin because currently, Bitcoin is the most dominant cryptocurrency in the market. If Bitcoin's price goes up, it can create a positive sentiment in the overall cryptocurrency market which leads to increase demand for altcoins and cause their prices to rise as well. But this is not always the case because each altcoin has its own unique characteristics and market dynamics that can affect its price independently of Bitcoin.

this is the reason diversifying could be somewhat futile attempt if not done right because whats the point of diversification if all the coin follow one trend in unity.
but good altcoin will definitely try to hold its value despite the fact that bitcoin is falling and increase when there's altcoin seasons.
after all the natural law of altcoin in general is always following bitcoin.

There's still a point for diversification because you are spreading your risk across multiple assets rather than putting all your eggs in one basket. This means that even if one altcoin performs poorly, the others that you have may perform well enough to offset those losses. Some altcoins may be for certain use cases, such as decentralized finance while others may be more geared towards payments or store of value. Tho altcoins follow the trend of Bitcoin, diversification can still provide benefits in terms of risk management and capturing opportunities in different parts of the market.

[Yamifoud]

That isn't always the case, you will find out some of the gems that could go against the wave, in which they'd stand unwavered despite the bitcoin correction waves incoming.
some of the coin that could go against the wave are also meme coin in which the price sentiment depends on some shill coming from influencers, so it's not true that all altcoin will go up if btc go up but some of them.

Some got influenced by social media and they move against the direction of Bitcoin but the majority have been following the trend of Bitcoin.
This is to tell us that Bitcoin is leading in the market future and people are accumulating altcoins as they believe that it will rise because Bitcoin will rise as well. Their observations are clear that whatever happens to Bitcoin when it dumps or it pumps, similar things happen in altcoins as well. We can't erase that scenario as it was the thing we experience for many in the crypto market.

[cryptoknightt]

As far as I can see right now, it doesn't seem like bitcoin's rise has had as big an impact as it used to have on all altcoins.
I just noticed the increase in bitcoin at this time has the most impact on the top 10 altcoins, correct me when I'm wrong

[RealMalatesta]

As far as I can see right now, it doesn't seem like bitcoin's rise has had as big an impact as it used to have on all altcoins.
I just noticed the increase in bitcoin at this time has the most impact on the top 10 altcoins, correct me when I'm wrong

I think that's because the rise of Bitcoin is only small but usually, altcoins only follow once we are on the real bull run or when Bitcoins value have fully recovered and reach a new all time high. On situations like this, when there is still a bear market, cryptos might move independently. Sometimes we can see that BTC is increasing and altcoins are still down but there are times that altcoin is rising and BTC is left behind.

We are not bothered with it though because we know that BTC can always catch up later on and will take the lead once again. We are only happy and proud when altcoins are rising on their own because we rarely see it happens.

[virasisog]

As far as I can see right now, it doesn't seem like bitcoin's rise has had as big an impact as it used to have on all altcoins.
I just noticed the increase in bitcoin at this time has the most impact on the top 10 altcoins, correct me when I'm wrong

I think that's because the rise of Bitcoin is only small but usually, altcoins only follow once we are on the real bull run or when Bitcoins value have fully recovered and reach a new all time high. On situations like this, when there is still a bear market, cryptos might move independently. Sometimes we can see that BTC is increasing and altcoins are still down but there are times that altcoin is rising and BTC is left behind.

We are not bothered with it though because we know that BTC can always catch up later on and will take the lead once again. We are only happy and proud when altcoins are rising on their own because we rarely see it happens.

The price of altcoins usually gets along with the price of Bitcoin during the bullish season. However, there are some occurrences that some altcoins strike high when Bitcoin is on its correction or recovery period. We can't see lota of changes for now but we'll see how Bitcoin could dominate the market when the bull season approaches. The demand for altcoins usually rises when Bitcoin reaches a good price.

[ichsan ardi]

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 think the benchmark for rising prices could be Bitcoin. If Butcoin goes up, the average alt coin also goes up, like Bitcoin, which covers alt coins, so it could be like that because Bitcoin King of Cryptocurrency Bitcoin is the benchmark for the size of altcoins.

[ifarted]

That's because altcoins are created because of Bitcoin being famous if you call it that way and when Bitcoin's price increase then the altcoin's price would also increase just like what happened before when Bitcoin reaching 60k before and altcoins are also rising with its new ATH.

[kak uli]

I usually notice that every step of bitcoin moves a few percent, altcoins also follow bitcoin's footsteps as the market cycle has happened so far, I see a correlation between the movement of bitcoin and altcoins, as well as when Bitcoin prices experience corrections, altcoins also experience a great decline

[Xal0lex]

this is the reason diversifying could be somewhat futile attempt if not done right because whats the point of diversification if all the coin follow one trend in unity.
but good altcoin will definitely try to hold its value despite the fact that bitcoin is falling and increase when there's altcoin seasons.
after all the natural law of altcoin in general is always following bitcoin.

If you think about it this way, it turns out that there is no point in diversification if there is a global financial crisis, because all markets fall, some fall less and some fall more. But in my opinion, the point of diversification is not only that not all assets in your portfolio fall, but also in the different amount of risk. Some coins may have a small drop and some may have a very significant drop of 80-90%. When I build an altcoin portfolio, I allow for the idea that absolutely all of the coins on my asset list will be in the red at one point. But that doesn't mean I haven't followed risk management. If bitcoin falls by 50%, altcoins by 90, and stabelcoins by 2%, that can also be called diversification.

[Weawant]

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?

During the period when you saw Bitcoin pumping leading to altcoins pumps was because we were in a bull market so everything rises. In bull markets there's so much money moving into the market so every project benefits.

But now we're in a bear market so everybody is expecting a dump soon. It doesn't matter if the dumps has happened previously but there's always an expectation of the next one coming so everyone is careful.

Investors are only investing in strong project like Bitcoin at the moment, immediately when the bear markets ends you'll begin seeing altcoins pumping double of whatever percentage Bitcoin pumps.

[errorcode99]

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?

I think when investors are optimistic about the cryptocurrency market as a whole, they may be more likely to invest in Bitcoin and altcoins, leading to an increase in the price of altcoins relative to Bitcoin. Conversely, when investors are more cautious, they may be more likely to stick with Bitcoin, leading to smaller increases in the altcoin's price relative to Bitcoin.

[rhodelmabanal]

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 is because the altcoin is just following btc price not the btc following the altcoin. Because everytime btc rise altcoin will also rise and if btc fall the altcoin will also fall, it is always happening so this is not new to us and everytime it happens there is always a prediction and speculation but still no one can predict it.