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

[TelolettOm]

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.

It is true that most altcoin price is following BTC price. That's why when BTC is increasing significantly after BTC halving, most altcoins will have a bullrun season too. However, not every altcoin follows the same pattern, stable coins is an example of altcoins that move in the opposite way. Another example is shit coin, this coin may drop significantly when top altcoins rise because no people are interested to buy shit coins at that time. So, no guarantee all altcoins to follow Bitcoin price, be careful!

[MiF]

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?

Because if bitcoin price rise the investors will also rise there are many investors that stop investing into altcoins when bitcoin price drop because most of the trading pair is paired by btc and if the value of btc down the amount of the token you can by in btc pair will be small and that was a big disadvantage. So the best part is when the btc pump or during bull season you can by different altcoins and wait till they rise and earn.

[FanEagle]

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.

I think that is mainly because most of the coins are connected to bitcoin via price on the trading platforms. I think when the market has a biggest coin at the top, and that goes up, it is hard not to follow that together as well.

It's obvious that there are a lot of people who would like to see a different angle on this subject, they would like to see how they could be independent and even want to see their coins go up even without the market moving, but that's not going to happen. I personally believe that we should be doing something that is a bit more towards how we could handle all the market in a personal way and make a profit as a combined market together instead.

[usekevin]

The basic concept of the trading is whenever the price of bitcoin rises,the price of most of altcoin almost 90% of altcoin.Based on this concept many traders will trade altcoin.When the price of bitcoin had started to reduce and become a bear market,most of traders try to buy some good altcoin to earn some good profit.In some extreme conditions, the market of altcoin reacted with 30% of the pump in bitcoin price.And you had face this trade variation with some extreme conditions.Crypto currency was fit to buy any price.Then you can sell at some point,you need to hold till the desired price was reached.

[bitkanu]

the pattern has always shown just that, bitcoin rising when there's also same occurence with altcoins in general basically they got their value increasing by a lot with the influx of the investment fund and usually the currently trending coin are the one that has the spotlight gaining most massive increase in value, maybe bitcoin rise just give positive vibes and good impression that's why.

[peter0425]

Majority of altcoins goes high together with bitcoin and that is what I have observed over the years though not all of them has this movement at least those legit and good coins are acting best for the investors.
and also there are chances that after bitocin goes up? then the altcoin season comes and they are making its way high.
but of course never get this to  complete believing because there are side ways that may come along the way.

[Reatim]

Not sure if this will happen again as what happened in the previous years , but one thing that I am sure here?altcoin will have its moment , and when this will happen > then that is what I am not knowledgeable.

for me the most important thing is that Bitcoin must grow , and yes that is coming any time in the next year or the next .

[kotajikikox]

Have seen this many times before so yes it will go up once bitcoin grows its value, it may not all of altcoin but those who has potential and those that will be use for manipulation.
so best to invest in good coin and wait with bitcoin growth.

The basic concept of the trading is whenever the price of bitcoin rises,the price of most of altcoin almost 90% of altcoin.Based on this concept many traders will trade altcoin.When the price of bitcoin had started to reduce and become a bear market,most of traders try to buy some good altcoin to earn some good profit.In some extreme conditions, the market of altcoin reacted with 30% of the pump in bitcoin price.And you had face this trade variation with some extreme conditions.Crypto currency was fit to buy any price.

altcoin will always follow bit, that is the reality in crypto and this is why crypto market is far different from other market in trading.

[Chato1977]

It is given mate that altcoin will move together as bitcoin is a best to straight  up with altcoins and also check back the market and you can see that altcoins will never go up if bitcoin stays lowering .
so best to enjoy the market with those kind of movement and of course diversify your folio for better result .

[FUCKBSVFUCK]

You are right, altcoins are not going to go up in price if the bitcoin price goes up. This is because the price of bitcoin is very volatile and can fluctuate a lot. In the past, bitcoin has been used as a payment method for many people, but now it is not as popular as it was in the past.

[rahulzx]

If you're invested in altcoins, you've probably heard that they follow Bitcoin's price movements. But is this always the case? We did some digging and found out that it's not a simple yes or no answer. While Bitcoin's price can affect the overall market sentiment, it's not always a direct correlation with altcoins.

In fact, there are several factors that can influence the price of altcoins, such as hype created by project updates, market sentiment, and the overall state of the crypto market. This means that while Bitcoin can give a general direction to the market, there's no guarantee that altcoins will always follow the same pattern.

So, if you're an altcoin investor, don't panic every time Bitcoin's price starts to drop. Take a step back and evaluate the situation, because the correlation isn't always straightforward. Stay informed, stay vigilant, and make informed decisions to ensure your investments thrive in the ever-changing crypto landscape.

[bitkanu]

obviously that's the case nowadays, but honestly even right now many coins are having value increase on its own regardless of the bitcoin trend, i see this like some strange things honestly usually altcoin and bitcoin move in unison.

[raidarksword]

Altcoins really depends on what bitcoin does and it is a automatic reactions for bitcoin that it can pull up or pull down the market on what ever market sentiments may come. Majority of reasons that bitcoin will dictate the market because it's the root of all crypto and king of all that's why the market reacts what ever the mood of bitcoin do.

[judaspriest]

obviously that's the case nowadays, but honestly even right now many coins are having value increase on its own regardless of the bitcoin trend, i see this like some strange things honestly usually altcoin and bitcoin move in unison.

It seems unusual but I don't think it's anything strange that should be suspected,
regardless of anything we need to follow the movement of the coin,
for now the price of Bitcoin itself is back down and let's see what happens in the future.

[tygeade]

obviously that's the case nowadays, but honestly even right now many coins are having value increase on its own regardless of the bitcoin trend, i see this like some strange things honestly usually altcoin and bitcoin move in unison.

It seems unusual but I don't think it's anything strange that should be suspected,
regardless of anything we need to follow the movement of the coin,
for now the price of Bitcoin itself is back down and let's see what happens in the future.

I think it will go back up again, this down is just a sell-off, people made a lot of profit if they bought at lower levels, nearly a double profit already and that seems like a good idea, I feel like they are going to do a lot better in the future as well. Hopefully they should be doing a lot better with time as well and bitcoin price will see a new ATH, maybe not right away but it will take some time to get there and eventually it will get there.

I hopefully see that it will get to a new ATH in a few years, and when that happens I will sell my coins too. I have been collecting enough, maybe I won't sell and wait for a few more new ATH's for a few cycles later, but at the end of the day I will never sell under the current ATH price, not a chance, it would be silly to do that.

[nurilham]

You are right, altcoins are not going to go up in price if the bitcoin price goes up. This is because the price of bitcoin is very volatile and can fluctuate a lot.

What do you mean? Do you assume the altcoins price will raise up when Bitcoin price drops?
As far as I know, most altcoins prices increase when Bitcoin price raises up. Altcoins prices mostly follow the price trend of Bitcoin. That's why people call Bitcoin as the mother of all coins since it determines the drop or rise of almost the whole crypto coins. Anyway, you must understand that altcoins prices are more volatile than Bitcoin price.

In the past, bitcoin has been used as a payment method for many people, but now it is not as popular as it was in the past.

Do you follow the updated news, dude?
Bitcoin adoption is getting better nowadays, even El Salvador makes it as their legal tender. And you must know that more platforms/companies accept Bitcoin as one of their payment tools now.

[JeffBrad12]

The basic concept of the trading is whenever the price of bitcoin rises,the price of most of altcoin almost 90% of altcoin.Based on this concept many traders will trade altcoin.When the price of bitcoin had started to reduce and become a bear market,most of traders try to buy some good altcoin to earn some good profit.In some extreme conditions, the market of altcoin reacted with 30% of the pump in bitcoin price.And you had face this trade variation with some extreme conditions.Crypto currency was fit to buy any price.Then you can sell at some point,you need to hold till the desired price was reached.

that is more like investing that trading though, the thing with trading is that usually the timeframe is rather short, within less then a day.
so they usually dont wait until bearish come, but instead seek opportunity of correction in the middle of bullrun which i'm pretty sure still exists.
or even finding some analysis in regard of future price, like if the coin have the potential for rally then they'd start bagging it and that is for rather short term.
so I don't think traders in general are bound to the bitcoin trend honestly.

[Sebas.tian]

Bitcoin still remain the most popular coin and king among other cryptocurrencies, which whenever the price is rising in the market, many altcoins investors will use the opportunity to get ready for the altcoins price to rise too so that they can make a good profits like Bitcoin investors. Since many investors came to discovered that, there are more huge amount of profits in Bitcoin investment than altcoins investment, that made them to invest more on Bitcoin than altcoins investment. Don't forget that market price is unpredictable, because altcoins price can take over the market by increasing high more than Bitcoin in future which we have saw that before in the market, before Bitcoin finally take the lead till now.

[onecall123]

I'm bullish on Bitcoin, but I hold an optimistic view on altcoins. Whenever Bitcoin shows an upward trend, altcoins tend to follow it. Since Bitcoin holds a dominant position in the market, when people witness its success, they perceive the overall cryptocurrency market will follow it and invest more in altcoins. The value of altcoins is closely tied of Bitcoin, and this correlation makes sense to me. This concept has been well-explained multiple times here though.

[Amejoaquim]

Exactly but you cant think if btc up 7% and another alts will ul 7% too.
Thats not how market works.
It still depend on what alts you choose, if you're choose the bad one when bad news appear it gonna go into red even tough the price btc goes up.