Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tonymillions84 on May 04, 2019, 03:45:35 PM
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Many people believed that the entire cryptocurrency price depends on bitcoin. most days , we notice that as bitcoin price raise, so those altcoins. recently, we discovered a different scenario. what could possibly be the cause Guys?
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Generally altcoins rises when Btc remain stable. Its not a different scenario its a common thing when btc rises altcoins drops. Obviously demand of Bitcoin is getting increased that's the reason bitcoin is rising now even we will see soon retracement in Btc.
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Normally, altcoin's price is determined based on bitcoin's. When bitcoin rises, altcoin/bitcoin pairs decrease while the price of an altcoin/usdt remains the same. Alts need some time under the condition that bitcoin sideways to regain its value/bitcoin.
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I think it only depend on the demand and supply of that coin. If the demand increases the price raised otherwise dropped.
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Generally altcoins rises when Btc remain stable. Its not a different scenario its a common thing when btc rises altcoins drops. Obviously demand of Bitcoin is getting increased that's the reason bitcoin is rising now even we will see soon retracement in Btc.
Another way to look at it is that people are selling their altcoin profits for Bitcoin (those who trade BTC pairs) who pushes the price up, as many altcoins went up 2-3x in the past months. This also explains why the USD values are still relatively stable overall, but the Satoshi values have dropped dramatically.
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Many people believed that the entire cryptocurrency price depends on bitcoin. most days , we notice that as bitcoin price raise, so those altcoins. recently, we discovered a different scenario. what could possibly be the cause Guys?
Its simple Bitcoin has more demand than Altcoins, its just the normal results of supply and demand that dictate the price to drop or to be skyrocketed since BTC demand was on the rise thats why the price was also on the rise.
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When the Bitcoin price rises, the price of altcoins will also rise. But it is indeed uncertain. Currently, some coins tend to fall and stagnate when the price of Bitcoin crawls up significantly. Are investors today more interested only in BTC? Or does the trust of investors to altcoins begin to decline? So they tend to prefer to get coins that are certain?
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At present, it is clear how when Bitcoin prices increase and altcoins are just the opposite. One reason might be because investors are now more interested in investing or trading on BTC. So altcoins tend to have fewer graphs to go up or down.
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I've been in this market for a long time, so for me it's not new. the story is repeated every time. as soon as btc grows heavily or falls heavily all alctoins lose in price to btc.a as the price of btc stabilizes and goes so called flat altcoins the price starts to rise. Some write down a drop at the height of btc on what people are pouring money out of altcoins seeing that btc is growing. Somebody writes it on a game of whales that this they are pulling out money from altcoins to a pump btc
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There are various situations and usually when bitcoin grows, at the same time altcoins grow, there are of course exceptions and sometimes it happens that only bitcoin grows, and the rest altcoins are standing on the one place, it's all manipulators and big players do.
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The time when bitcoin pumps, then the altcoin pumps was on 2017. Today we saw a different one and I believe this is our good change to buy some cheap altcoins we want and we can wait for the altcoin season to come. Im pretty sure that sooner or later the altcoins will pump as bitcoin pumps.
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it's a natural thing because someone will try to exchange coins that they hold against Bitcoin because bitcoin is more controversial ..
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in my opinion altcoin is still waiting for a significant movement from bitcoin. until now I have seen that movement and the results of altcoin are following the current bitcoin movement. the market began to turn green.
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This is due to the fact that people do not really trust altcoins. The pursuit of 2-3x for them is more important than getting more than 10x from long-term investments. But soon, I hope, people will understand that altcoins are no less important than bitcoin. Only bitcoin does not exist in the world.
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Bitcoin has more value than Altcoins.
Altcoins only has value if you have a Bitcoin from the developer team.
Evidence of why Bitcoin continues to rise, that means altcoins are discarded to have Bitcoin.
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You are wrong. Have you checked the market currently?
Bitcoin price should influence altcoin prices. And it was proven till now. I saw many altcoins increased after Bitcoin could reach its new highest value this year. I monitored the improvement for weeks and even months. But when the Bitcoin increased, it sometimes didn't bring influences to altcoin's values directly. It needs time to show the impacts.
Ignore stable coins like USDT. They don't depend on Bitcoin.
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in my opinion the cause of altcoin dropped when the price of bitcoin rose was that everyone competing to convert their altcoins to bitcoin had finally decreased. besides that altcoin is preparing for the next increase and making price corrections.
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Many people believed that the entire cryptocurrency price depends on bitcoin. most days , we notice that as bitcoin price raise, so those altcoins. recently, we discovered a different scenario. what could possibly be the cause Guys?
You cant rely on btc alone. Altcoin must have their strenght based on their project performance not a riding scheme on btc dominance. Yes btc rises and sometime altcoins also gain to it but not all the time. There are some cases that some people dump altcoin to purchase btc. This is why pairing with btc on exchange is also at disadvantage for some major altcoins. Why? were almost near the bull run and people wanna buy btc. Where do you think they can get it? From dumping altcoins right. Which is why some altcoins dumped hard.
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Many people believed that the entire cryptocurrency price depends on bitcoin. most days , we notice that as bitcoin price raise, so those altcoins. recently, we discovered a different scenario. what could possibly be the cause Guys?
most of the time, When Bitcoin raise, A lot of daily traders do sell the alts they got in-order to buy again in lees price or to go to Fiat.
but be careful, this scenario will not last, when Alts will raise you will not notice, one day you going to wake up and see the alts season started.
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Bitcoin is in huge demand as we all know bitcoin was dropping continuously last year now bitcoin is booming. Generally When bitcoin rises I noticed altcoins drops in satoshi value but gaining in USD value. Even stability of bitcoin helps to increase the altcoins value.