Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Henri9009 on May 27, 2021, 12:30:12 AM
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Hi all!
I'm not sure that I understand everything (and I'd like to) about the relation between BTC and the rest of the market, and also about the ALT/BTC price fluctuation.
1. I understand that, if I have bought an ALT/BTC pair, when the price of BTC goes up, but the price of the ALT stays fundamentally the same, the ALT/BTC chart will adjust, and go down a bit. Normal: the BTC is worth more, but not the ALT.
My question: if the price of BTC goes down, but nobody sells that precise ALT (so the price of the ALT stays the same), the chart of the ALT/BTC would adjust and go up a little, right (I've never seen that, though)? I'm just following the opposite principle I just explained above.
2. Why when BTC goes down, all the market goes down? Is it simply because all the owners of the ALTs sell their coins? Or is there any other reason that I haven't understood?
Thanks a lot!
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Hi all!
My question: if the price of BTC goes down, but nobody sells that precise ALT (so the price of the ALT stays the same), the chart of the ALT/BTC would adjust and go up a little, right (I've never seen that, though)? I'm just following the opposite principle I just explained above.
2. Why when BTC goes down, all the market goes down? Is it simply because all the owners of the ALTs sell their coins? Or is there any other reason that I haven't understood?
Hi. Yeah that's correct. If BTC dominance decreases slowly or alt dominance increases slowly, Altcoins usd value or BTC value rise. But there are almost 10K altcoins, You cannot expect a rise in all of them. But the sharp decrease in BTC value scares people and altcoins holders immediately sell their tokens and hold stable coins to accumulate cheaper.
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In simple words, you can see that on any exchange , ALTS is traded with bitcoin, so when bitcoin falls, its pair with ALTS also goes down, but do not forget about the panic mood in the market when bitcoin goes down, in general, it depends on many factors.
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Bitcoin is crypto KING and an object for investors to look at to determine the potential of the crypto market in the near future. Besides, Altcoins is also a tool for investors to find opportunities, I believe that ALTBTC has its own volatility trend but is still related to the volatility trend of BTCUSD. When the price of BTC falls, confidence in the market decreases and investors want to withdraw from the market. The selling pressure increased and the price of all cryptos also dropped.
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Bitcoin is a very good currency. Bitcoin is more prevalent in the crypto market. It is pretty clear to everyone how Bitcoin and Altcoin coins are traded. Whether Bitcoin goes up or down depends on a number of factors. And the fluctuations of altcoin depend on bitcoin. When Bitcoin goes down, many traders lose confidence and many move away from investing or doing business. That's why altcoin goes down.
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This is not to say that when the price of bitcoin falls, then the holders of all altcoins immediately sell them proportionally, so they also fall in price. There is such a thing as the price dominance of bitcoin, which depends on the level of its capitalization, that is, the percentage of the invested capital in bitcoins compared to other cryptocurrencies. It is generally accepted that such a high percentage (now it is at the level of 45) allows Bitcoin to influence the prices of other cryptocurrencies.
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2. Why when BTC goes down, all the market goes down? Is it simply because all the owners of the ALTs sell their coins? Or is there any other reason that I haven't understood?
Simply because Bitcoin is the most trusted and promising cryptocurrency for investment, even if it has no backup commodity, the people continue investing. This will result in most of the Altcoin holders choose to sell their assets and wait for the Bitcoin to recovers again and buy it at a lower price.
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2. Why when BTC goes down, all the market goes down? Is it simply because all the owners of the ALTs sell their coins? Or is there any other reason that I haven't understood?
Thanks a lot!
When Suddenly Bitcoin Price Goes down then we are see a Big dumping on whole crypto currency market and that's normal. Bitcoin is King of Crypto currency and always whole Crypto market depend of Bitcoin Price. When BTC price is unstable then all Alt Coin price is unstable also all Altcoin price is Down. All altcoin price is too much down when some big Panic holder sell Their a lot amount of Altcoin.
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When ever BTC goes up all altcoins will go up they will follow BTC as if BTC is a king.
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When ever BTC goes up all altcoins will go up they will follow BTC as if BTC is a king.
Bitcoin is indeed king, And it is certain that Bitcoin has a big influence on the price of Altcoins.
This is natural, because BTC is the first and best Cryptocurrency.
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Of course, the reason is that many altcoins are traded in tandem with bitcoin, and when bitcoin falls, the crypto community immediately has massive hysteria, emotions affect the trade whatever one may say, many immediately start to drain everything, especially hamsters along with fluctuations in the market. In any case, any trader always looks at the fluctuations of bitcoin when investing, and many are discouraged from entering the market with a falling bitcoin.
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2. Why when BTC goes down, all the market goes down? Is it simply because all the owners of the ALTs sell their coins? Or is there any other reason that I haven't understood?
Sure. In this situation, many altcoins holders prefer to sell their altcoins because they are afraid the prices of altcoins to drop more. Altcoins prices mostly depend on the trend of Bitcoin, it follows what's happening with Bitcoin. If the price of Bitcoin drops massively, then the prices of altcoins to drop severrely as well.
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While Bitcoin demonstrated a clear correlation (though weak) with the stock markets in previous years, this dropped off towards the end of 2020 and the correlation fell below 0.2 at the start of 2021. Since the start of this year, both Bitcoin and the S&P 500 have been on a strong uptrend as the U.S. economy climbs out of the pandemic, and both hit an all-time in the last six weeks. However, while BTC has doubled in value since the start of the year, the S&P 500 index has only improved by 8.5% over the same period.
The two markets have moved out of sync during this time, with Bitcoin experiencing multiple sudden burns upwards, while the S&P 500 barely moved. Meanwhile, Bitcoin has also been hit with sudden downward shocks, most notably after Elon Musk's tweet this week that Tesla would stop accepting Bitcoin. As a result, the realized correlation between the two markets has been on the downtick since December 2020, and fell below zero, back to negative, in March 2021. This is the first time it has been below 0 since January 2020.
This could indicate that Bitcoin is gradually decoupling from the stock market, and may instead be forming an inverse correlation with it (when stocks move in one direction, Bitcoin goes the other way). For this to be validated, Bitcoin would need to continue moving away from the S&P 500 in the coming months.
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IMO, I think most of the time altcoins and the market movements were tied up with Bitcoin performance, but as I observe nowadays, it doesn't work as it is. Because in the recent Bitcoin price increase not all altcoins are gaining much traction unlike before, and one time also in the recent months, Bitcoin price was dip due to the China FUD, but some altcoins have gained much traction and price increases. so I can say base on my observation that not all the time Bitcoin and altcoins market relations are tied up sometimes it has gone wild and out of the Box.
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nice post, I realize the market cap of Bitcoin is too big for some altcoins to follow, but right now, some investors seem to have a lot of patience, because I have seen SOL coins increase by more than 100% when Bitcoin price drops, this is indeed difficult to explain, but some altcoins will not follow Bitcoin price movements, because each coin has a different number of investors, they are the ones who can increase the price because everything starts with the amount of demand.
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I think the relationship between the exchange and bitcoin is from the demand between the exchange place and the buyer because if there is no demand then it is impossible to make bitcoin have this expensive price, bitcoin can be used for whatever you want and currently it is still easy to find bitcoin so that's the relationship between the bitcoins on the exchange.
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Bitcoin is father of all cryptocurrency. All cryptocurrency follow Bitcoin and all cryptocurrency made by following Bitcoins technology. Now bitcoin is huge popular. Bitcoin already created his field stronger. Without bitcoin we can't think modern economi. And total cryptocurrency depend on bitcoin. When bitcoin price high all altcoin were high when Bitcoin price low then all altcoin price low. So we tell That All cryptocurrency are related with Bitcoin.
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In my opinion, if there were no altcoins, bitcoin would not have an expensive price as it is today because I see bitcoin has the support of traders who can earn a lot of profit and enter bitcoin buying bitcoins in very large quantities, the technology owned by bitcoin also has a role important to the development of cryptocurrency technology.
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In my opinion, if there were no altcoins, bitcoin would not have an expensive price as it is today because I see bitcoin has the support of traders who can earn a lot of profit and enter bitcoin buying bitcoins in very large quantities, the technology owned by bitcoin also has a role important to the development of cryptocurrency technology.
clearly what you say is true, that bitcoin can not move alone because bitcoin requires a partner from other coins, so bitcoin is able to get what it is today. where we know bitcoin has increased very sharply with extraordinary prices, obviously because of the role played by other coins that make bitcoin continue to be appreciated and become the target of investors.
the role of traders by providing an opportunity for bitcoin to be appreciated is to continue to trade, so the trading rate is so high that many want to hold it for future investments. all play a role in their respective portions so that bitcoin can get its achievements.
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In my opinion, if there were no altcoins, bitcoin would not have an expensive price as it is today because I see bitcoin has the support of traders who can earn a lot of profit and enter bitcoin buying bitcoins in very large quantities, the technology owned by bitcoin also has a role important to the development of cryptocurrency technology.
I think the same, without BTC there would be no Altcoins, and the reason is simple, for me BTC is the King is the only one that has a life of its own, altcoins do not have a life of their own because they will always depend on the movements of BTC. If BTC rises in price all altcoins follow that same direction, if BTC falls in price the altcoins really bleed heavily, this suggests that without BTC there would be no such altcoins.
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When ever BTC goes up all altcoins will go up they will follow BTC as if BTC is a king.
Yes, because BTC dominate the whole crypto market. Altcoins investors get the energy by depending on btc market. As a concurrence we see the altcoins movement. Now the current market is positive and we see that altcoins also increasing.
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2. Why when BTC goes down, all the market goes down? Is it simply because all the owners of the ALTs sell their coins? Or is there any other reason that I haven't understood?
Simply because Bitcoin is the most trusted and promising cryptocurrency for investment, even if it has no backup commodity, the people continue investing. This will result in most of the Altcoin holders choose to sell their assets and wait for the Bitcoin to recovers again and buy it at a lower price.
Its not any clue that you will get profited on this way. We can just say it simply that everything depend on bitcoin if you do trade on this paor. The market behave almost the same like btc. If it falls the crypto market follow the trend. So the violation totally depend on btc. We nees to more careful to judge the momentum if we wanna get profit from the market instantly. Something news can affect hugely so it could be a fact for both btc and alt.
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Actually, it's the BTC dominance that creates which project will rally now. When BTC dominance increase that means investors are selling their alts for BTC. That increases the selling pressure of alts and alts market goes down. On the other hand when BTC dominance decrease investors are booking profits for their BTC holding and buying alts.
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Actually, it's the BTC dominance that creates which project will rally now. When BTC dominance increase that means investors are selling their alts for BTC. That increases the selling pressure of alts and alts market goes down. On the other hand when BTC dominance decrease investors are booking profits for their BTC holding and buying alts.
I think altcoins will increase when bitcoin increases, So It depends on investors what coin will they invest.
Not depend on Bitcoin price, Because altcoins price always depend on bitcoin progress.
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Maybe because Bitcoin is the main Cryptocurrency, So BTC has a big influence on the prices of other Altcoins. Although this does not always happen, but we often see when the price of Bitcoin goes down, Altcoins will also go down, and vice versa.
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Maybe because Bitcoin is the main Cryptocurrency, So BTC has a big influence on the prices of other Altcoins. Although this does not always happen, but we often see when the price of Bitcoin goes down, Altcoins will also go down, and vice versa.
Of course, bitcoin will influence the market, especially the progress of altcoins.
Bitcoin as the pioneer and the King of crypto currency, always be the trend centre of altcoins.
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Bitcoin is like the mother of all altcoins, so it can influence the prices of altcoins in the market. That's why Bitcoin price can determine the market trend whether to be the positive or negative trend. People expect that Bitcoin price is always increasing to make all altcoins prices be pumped. Because if BTC price is dropped, altcoins season may never happen.
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Bitcoin and Altcoins fill each other's gaps, we can see the DeFi platform that Bitcoin does not have, after the DeFi Hype continues to NFY, of course new investors will see Bitcoin and other altcoins, all altcoin prices in the market are always changing because of the volatility of Bitcoin prices, why is that happen? because Bitcoin has 40% of the current crypto market cap
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before the market always reacted to the fall or rise in bitcoin and followed it, but today there is a new direction that is not subject to this influence, this is the sphere of decentralized finance
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before the market always reacted to the fall or rise in bitcoin and followed it, but today there is a new direction that is not subject to this influence, this is the sphere of decentralized finance
I think the reason why market always react to bitcoin progress, because bitcoin is the King of crypto currency and always be the trend centre.
Altcoins as follower always follow the King progress.
That's the fact.
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the relationship between bitcoin and the exchange or the relationship between altcoins in my opinion is stronger between the exchange and bitcoin because the exchange is the best and easiest way to get bitcoin, while in my opinion altcoins are not very good because altcoins have a higher risk than bitcoin.
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Your question is good. However, Bitcoin dominates the crypto market, so when the price of Bitcoin increase, the price of Altcoin increases, and when the price of decreases, the price of Altcoin decreases.
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IMO, I think most of the time altcoins and the market movements were tied up with Bitcoin performance, but as I observe nowadays, it doesn't work as it is. Because in the recent Bitcoin price increase not all altcoins are gaining much traction unlike before, and one time also in the recent months, Bitcoin price was dip due to the China FUD, but some altcoins have gained much traction and price increases. so I can say base on my observation that not all the time Bitcoin and altcoins market relations are tied up sometimes it has gone wild and out of the Box.
Several factors appear to be at play here. The cryptocurrency market is constantly changing and the patterns that worked before lose their meaning over time. It is generally accepted that Bitcoin has dominance over other types of cryptocurrencies due to its high capitalization, as well as the associated price dominance, which is expressed in the percentage ratio of the capitalization of a particular cryptocurrency to the total market capitalization. While earlier this dominance of bitcoin was about 80 percent, then due to the development of altcoins and the tug of capital, the percentage of dominance of bitcoin is constantly falling and now stands at 40.4 percent. In this regard, the impact of bitcoin on altcoins is falling. On the other hand, the popularity and functionality of altcoins is growing, and given the decline in the price dominance of bitcoin, they sometimes show independence in the formation of their price. I think this is a good trend. The cryptocurrency market is getting more mature.
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before the market always reacted to the fall or rise in bitcoin and followed it, but today there is a new direction that is not subject to this influence, this is the sphere of decentralized finance
I think the reason why market always react to bitcoin progress, because bitcoin is the King of crypto currency and always be the trend centre.
Altcoins as follower always follow the King progress.
That's the fact.
Bitcoin does not have any formal or informal benefits and advantages in this market. Its price dominance over other types of cryptocurrencies is due to the high level of Bitcoin capitalization and has nothing to do with its position as the leader of the cryptocurrency.
If, after the upgrade of the ethereum network, this coin eventually surpasses bitcoin in terms of capitalization, then the price dominance of bitcoin will disappear, and with it its leadership will disappear. Of course, bitcoin, as the first cryptocurrency, will always be treated in a special way.