Bitcoin and Altcoin prices

[botany]

It is the common consensus that if bitcoin rises then altcoins also rise. However since altcoins are mostly priced in btc why would the rise of btc cause altcoins to rise? Wouldn't the lower price of btc cause altcoins to rise in btc price? Why is the opposite the common view?

With Bitcoin price decrease, many investors get afraid and pull their money out of Bitcoin and also form other coins. Coins that are held by few dont lose that value.

If coins are held only by a few, it is even more susceptible to crashes due to dumping.

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[Febo]

It is the common consensus that if bitcoin rises then altcoins also rise. However since altcoins are mostly priced in btc why would the rise of btc cause altcoins to rise? Wouldn't the lower price of btc cause altcoins to rise in btc price? Why is the opposite the common view?

With Bitcoin price decrease, many investors get afraid and pull their money out of Bitcoin and also form other coins. Coins that are held by few dont lose that value.

If coins are held only by a few, it is even more susceptible to crashes due to dumping.

No is not. they got them fro free or almost free. they just have them in a big bag. They will never put them on sale since they know they will totally ruin the price.

[pooya87]

It is the common consensus that if bitcoin rises then altcoins also rise. However since altcoins are mostly priced in btc why would the rise of btc cause altcoins to rise? Wouldn't the lower price of btc cause altcoins to rise in btc price? Why is the opposite the common view?

when bitcoin price was dropping many altcoins or at least the top ones had a jump in price and  that was because people was panic converting their bitcoin to altcoins.

[donguan]

because when bitcoin rises people believe in altcoins and start looking for the next new thing

[BillyBobZorton]

It is the common consensus that if bitcoin rises then altcoins also rise. However since altcoins are mostly priced in btc why would the rise of btc cause altcoins to rise? Wouldn't the lower price of btc cause altcoins to rise in btc price? Why is the opposite the common view?

when bitcoin price was dropping many altcoins or at least the top ones had a jump in price and  that was because people was panic converting their bitcoin to altcoins.

And now its the opposite, except litecoin which sems to be back from the dead.

[chipzac]

selling all litecoins while it still has some value.

[atlantic miner]

It's all due to the minds that co-ordinate this mess. Economics, it is very much psychological.

My thinking is that any number of these thoughts are running through buyers minds.

should I send it now to my cousin? or wait till the price stabalizes? Could take some time for them to pick it up.

Am I getting fair value for my Bitcoins? should I exchange my Altcoins now?

etc, etc.


BTC to Altcoin will always fluctuate in unpredictable ways.
BTC goes down, Altcoins go up: people have confidence, they're buying as much Altcoins to hedge against a fiat run.
BTC goes up, Altcoins go down: people are buying Bitcoins with an intention to cash out with Altcoins.

I figure the only time it's stable is when there is a balance of all players flowing in and out of the Cryptoeconomy.

but then again like everything, this is just one point of view.

Very interesting.  I'm no expert, but I don't see any flaws in your thinking.

[Netnox]

From my experience when bitcoin rises btc/alt goes down but alt/usd goes up. When bitcoin goes down btc/alt is more stable and alt/usd goes down. Usually whenever bitcoin rises or falls btc/alt most of the time goes down aswell, times when btc/alt goes up is just pure related to developments within that particular alt.

[izanagi narukami]

It is the common consensus that if bitcoin rises then altcoins also rise. However since altcoins are mostly priced in btc why would the rise of btc cause altcoins to rise? Wouldn't the lower price of btc cause altcoins to rise in btc price? Why is the opposite the common view?

Because of bitcoin, altcoin exist.
I think it will keep under bitcoin's value because they can strong as good as BTC
except that coin is really a miracle coin

[Coinshot]

When BTC rises alts fall, when BTC falls alts fall. Its only when BTC remains stable that alts get a chance to rise.

[LitcoinCollector]

When BTC rises alts fall, when BTC falls alts fall. Its only when BTC remains stable that alts get a chance to rise.

Yes BTC is still the oaking point for all alts.

[specgamer]

Bitcoin is always before Altcoins. Consumers would buy bitcoin first then altcoin. So they both rise.

[MilesJohan]

Bitcoin is always before Altcoins. Consumers would buy bitcoin first then altcoin. So they both rise.

Well not really. Imagine an altcoin doing free distribution, and selling it on exchanges, then its the opposite. they are dumping altcoin for bitcoin. So basically, its the inverse.